|
Report Date : |
19.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
DELPHI AUTOMOTIVE SYSTEMS DO BRASIL LTDA |
|
|
|
|
Registered Office : |
Avenida Goiás,1820 / 1860 - Santa Paula Avenida Goiás,1820
/ 1860 - Santa Paula |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Date of Incorporation : |
08.08.1995 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Subject is engaged in the manufacture of parts and
accessories for motor vehicles and their engines |
|
|
|
|
No. of Employees |
11,000 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Brazil |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
BRAZIL ECONOMIC OVERVIEW
Characterized by large and well-developed agricultural, mining, manufacturing, and service sectors, and a rapidly expanding middle class, Brazil's economy outweighs that of all other South American countries, and Brazil is expanding its presence in world markets. Since 2003, Brazil has steadily improved its macroeconomic stability, building up foreign reserves, and reducing its debt profile by shifting its debt burden toward real denominated and domestically held instruments. In 2008, Brazil became a net external creditor and two ratings agencies awarded investment grade status to its debt. After strong growth in 2007 and 2008, the onset of the global financial crisis hit Brazil in 2008. Brazil experienced two quarters of recession, as global demand for Brazil's commodity-based exports dwindled and external credit dried up. However, Brazil was one of the first emerging markets to begin a recovery. In 2010, consumer and investor confidence revived and GDP growth reached 7.5%, the highest growth rate in the past 25 years. Rising inflation led the authorities to take measures to cool the economy; these actions and the deteriorating international economic situation slowed growth in 2011-13. Unemployment is at historic lows and Brazil's traditionally high level of income inequality has declined for each of the last 14 years. Brazil's historically high interest rates have made it an attractive destination for foreign investors. Large capital inflows over the past several years have contributed to the appreciation of the currency, hurting the competitiveness of Brazilian manufacturing and leading the government to intervene in foreign exchange markets and raise taxes on some foreign capital inflows. President Dilma ROUSSEFF has retained the previous administration's commitment to inflation targeting by the central bank, a floating exchange rate, and fiscal restraint
|
Source
: CIA |
DELPHI AUTOMOTIVE
SYSTEMS DO BRASIL LTDA
|
MAIN ADDRESS: |
AVENIDA GOIÁS,1820 / 1860 - SANTA PAULA |
|
ZIP CODE/CITY: |
09550-050 - SÃO CAETANO DO SUL/SP |
|
|
|
|
PHONE: |
11 4234-9500 |
|
FAX: |
11 4234-9500 |
|
E-MAIL: |
rinaldo.nery.santos@delphi.com |
|
WEB SITE: |
www.delphi.com |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA PROJETADA,480 |
|
ZIP CODE/CITY: |
JACUTINGA/MG |
|
PHONE: |
35 3443-2784 |
|
|
|
|
ADDRESS: |
RUA BERNARDINO BERNARDI,510 - OR RUA GIUSEPE MANDEKU, 118 - ANCHIETA |
|
ZIP CODE/CITY: |
PORTO ALEGRE/RS |
|
PHONE: |
51 3373-7500 |
|
CNPJ: |
00.857.758/0005-74 |
|
|
|
|
ADDRESS: |
AVENIDA AVELINO RIBEIRO,900 |
|
ZIP CODE/CITY: |
PARAISÓPOLIS/MG |
|
CNPJ: |
00.857.758/0012-01 |
|
|
|
|
ADDRESS: |
AVENIDA COMENDADOR LEOPOLDO DEDINI,1316 - UNILESTE |
|
ZIP CODE/CITY: |
PIRACICABA/SP |
|
PHONE: |
19 3429-5299 |
|
CNPJ: |
00.857.758/0008-17 |
|
|
|
|
ADDRESS: |
AVENIDA QUEIROZ JUNIOR,3040 - RODOVIA BR 040 - KM 773 - ESPERANÇA |
|
ZIP CODE/CITY: |
ITABERITO/MG |
|
PHONE: |
31 3561-9000 |
|
CNPJ: |
00.857.758/0003-02 |
|
|
|
|
ADDRESS: |
RUA ADHEMAR PEREIRA DE BARROS,421 - PORTÃO 01 - UNILESTE |
|
ZIP CODE/CITY: |
13422-200 PIRACICABA/SP |
|
PHONE: |
19 3429-5224 |
|
CNPJ: |
00.857.758/0015-46 |
|
STATE REGISTER: |
535.240.002.112 |
|
|
|
|
ADDRESS: |
RODOVIA PR 025, KM 6.75, RUA 01, Nº,213 QUADRA A - CAMPO L. DA ROSEIRA |
|
ZIP CODE/CITY: |
13990-000 ESPIRITO SANTO DO PINHAL/SP |
|
CNPJ: |
00.857.758/0014-65 |
|
STATE REGISTER: |
90174392-40 |
|
|
|
|
ADDRESS: |
AVENIDA VINCENZO GRANCHELLI,10 - DISTRITO INDUSTRIAL |
|
ZIP CODE/CITY: |
13820-000 JAGUARIUNA/SP |
|
PHONE: |
19 3867-9400 |
|
CNPJ: |
00.857.758/0011-12 |
|
STATE REGISTER: |
395.017.344.116 |
|
|
|
|
ADDRESS: |
RUA DA BARRA,141 - PARQUE RINCAO |
|
ZIP CODE/CITY: |
06705-420 COTIA/SP |
|
PHONE: |
11 4615-8500 |
|
|
|
|
ADDRESS: |
AVENIDA GUARAPIRANGA,2400 SAGUAO 1 - PQ EUROPA |
|
ZIP CODE/CITY: |
04911-005 SAO PAULO/SP |
|
|
|
|
ADDRESS: |
AVENIDA NELO PISANI,500 DISTRITO INDUSTRIAL |
|
ZIP CODE/CITY: |
13739-050 MOCOCA/SP |
|
FURTHER TO THE ABOVE THE COMPANY ALSO HAS OTHER BRANCHES LOCATED IN CAÇAPAVA/SP, JAGUARIÚNA/SP, PIRACICABA/SP, PARAISÓPOLIS/MG, ESPIRITO SANTO DO PINHAL/SP, SÃO JOSÉ DOS PINHAIS/PR, SÃO JOSÉ DOS CAMPOS/SP AND GRAVATAÍ/RS. |
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF PARTS AND ACCESSORIES FOR MOTOR VEHICLES AND THEIR ENGINES. |
|
LEGAL FORM: |
LIMITED LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
08/08/1995 |
|
REGISTER DATE: |
20/09/1995 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
00.857.758/0001-40 |
|
STATE REGISTER: |
636.163.173.110 |
|
|
|
|
SHARE CAPITAL: |
R$ 470.882.652,00 |
|
LAST REGISTER OF CAPITAL: |
04/12/2012 |
|
BOARD OF DIRECTORS: |
|
|
|
|
|
LUIZ ROBERTO CORRALLO |
MANAGER |
|
PAULO CESAR LOURENÇO DOS SANTOS |
MANAGER |
|
LUIZ PAULO PENALVA REALI |
MANAGER |
|
PAULA SOFIA DA CRUZ ALVES |
MANAGER |
|
THE MANAGERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS / PARTNERS: |
|
|
|
|
|
DELPHI LATIN AMERICA S.A.R.L. |
R$ 470.828.472,00 |
|
DELPHI GLOBAL HOLDINGS S.A.R.L. |
R$ 54.180,00 |
|
AFFILIATES / SUBSIDIARIES: |
|
|
|
|
|
DELPHI GROUP |
|
|
DELPHI AUTOMOTIVE WAS ESTABLISHED IN 1995 TO BE ENGAGED IN THE SAID LINE OF BUSINESS AND SO FAR IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN. TRADE NAME: "DELPHI". ON DECEMBER 29, 2007 SUBJECT TOOK OVER THE COMPANY "DELPHI DIESEL SYSTEMS DO BRASIL LTDA". MANAGERS: LUIZ ROBERTO CORRALLO: BRAZILIAN, HOLDER OF DOCUMENTS CPF: 701.389.408-78 AND RG 4.729.033-SP, RESIDENTIAL ADDRESS AT AVENIDA GOIÁS, 1820/1860, SANTA PAULA, SÃO CAETANO DO SUL/SP; LUIZ PAULO PENALVA REALI: BRAZILIAN, HOLDER OF DOCUMENTS CPF: 071.370.888-30, RG/RNE: 082797638 - SP, RESIDENTIAL ADDRESS AT AVENIDA GOIAS, 1820/, SANTA PAULA, SAO CAETANO DO SUL/SP. PAULA SOFIA DA CRUZ ALVES, NACIONALIDADE PORTUGUESE, HOLDER OF DOCUMENTS CPF: 236.440.498-31, RG/RNE: V95406E, RESIDENTIAL ADDRESS AT AVENIDA GOIAS, 1820/, SANTA PAULA, SÃO CAETANO DO SUL/SP PAULO CESAR LOURENÇO DOS SANTOS: BRAZILIAN, HOLDER OF DOCUMENTS CPF 516.920.076-53 AND RG 13.233.095-SP, RESIDENTIAL ADDRESS AT AVENIDA GOIÁS, 1820, SANTA PAULA, SÃO CAETANO DO SUL/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. CLAUDIA, SALES DEPARTMENT, WHO INFORMED THAT WOULD NOT DISCLOSE ANY KIND OF INFORMATION UNLESS THE INQUIRING PARTY'S NAME WAS DISCLOSED. IF IT IS POSSIBLE TO DISCLOSE THE NAME OF THE INTERESTED SUPPLIER OF THE SUBJECT, WE MAY RESUME OUR CONTACTS AND TRY TO OBTAIN FURTHER INFORMATION. THE DATA CONTAINED HEREIN WERE OBTAINED FROM OUTSIDE SOURCES, OUR DATABASE AND OFFICIAL. NO FURTHER DATA WAS AVAILABLE WITH SEVERAL SOURCES USUALLY INVESTIGATED. |
|
PUBLIC INFORMATION: |
|
PROTESTS: |
|
223 PROTESTS,TOTAL AMOUNT R$ 141.864,05 |
|
DATE OF FIRST PROTEST: 10/2009 R$ 2,05 |
|
DATE OF HIGHEST PROTEST: 04/2014 R$ 10.068,86 |
|
DETAILS OF LATEST PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
CARTORIO DE SP-CACAPAVA |
05/2014 |
R$ 4.735,00 |
|
CARTORIO DE SP-ESPIRITO SANTO DO PINHAL |
06/2014 |
R$ 2.014,20 |
|
11º CARTORIO DE SP-SÃO CAETANO DO SUL |
05/2014 |
R$ 362,79 |
|
2º CARTORIO DE SP-CACAPAVA |
05/2014 |
R$ 2.000,00 |
|
1º CARTORIO DE SP-ESPIRITO SANTO DO PINHAL |
05/2014 |
R$ 5.700,00 |
|
DUE TO THE SUBJECT'S LEGAL FORM, IT IS NOT OBLIGED TO PUBLISH THE BALANCE SHEET INFORMATION. WHEN INTERVIEWING SOURCES AT THE SUBJECT COMPANY DECLINED TO PROVIDE ANY KIND OF FINANCIAL INFORMATION. OUTSIDE SOURCES CONTACTED SHOWED NO FINANCIAL DATA ABOUT THIS COMPANY. |
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,23 |
- OFFICIAL RATE ON 13/06/2014 |
|
COMMENTS ON THE FINANCIAL INFORMATION: |
|
THE COMPANY IS REPORTED TO HAVE HIGH FINANCIAL POWER. HOWEVER, IN THE ABSENCE OF FINANCIAL INFORMATION NO COMMENTS CAN BE MADE ABOUT THE SUBJECT'S CURRENT FINANCIAL STANDING. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 16.000.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 80.000,00
|
MACHINES: |
NOT AVAILABLE
|
INSURANCE COMPANY: |
HSBC SEGUROS |
|
COVERAGE: |
THEFT / FIRE |
|
|
BRANCH/PHONE: |
CITY: |
|
HSBC BANK BRASIL S/A |
QUITANDA |
SÃO PAULO/SP |
|
BANCO DO BRASIL S/A |
|
SÃO PAULO/SP |
|
BANCO CITIBANK S/A |
|
SÃO PAULO/SP |
|
BANCO ITAÚ S/A |
|
SÃO PAULO/SP |
|
BANCO BRADESCO S/A |
NOVA CENTRAL |
SÃO PAULO/SP |
|
REMARKS: IN BRAZIL THE BANKS ARE PROHIBITED BY LAW TO PROVIDE INFORMATION OR ANY KIND OF COMMENTS ABOUT THEIR CLIENTS. DUE TO THIS LAW PROHIBITION WE ARE UNABLE TO PROVIDE ANY BANKING DETAILS. ACCORDING TO THE CENTRAL BANK OF BRAZIL OFFICIAL REPORT, THE COMPANY HAS NO RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682 BRAZILIAN CENTRAL BANK"). DATE |
|
THE SUBJECT IS ENGAGED IN THE MANUFACTURE OF PARTS AND ACCESSORIES FOR MOTOR VEHICLES AND THEIR ENGINES. MAIN PRODUCTS: BODY & SECURITY, CONNECTION SYSTEMS, DRIVER INTERFACE, ELECTRICAL/ELECTRONIC ARCHITECTURE, FUEL CELLS, HYBRID & ELECTRIC VEHICLE PRODUCTS, INFOTAINMENT, POWERTRAIN SYSTEMS, SAFETY ELECTRONICS, SENSORS, THERMAL PRODUCTS ETC. |
|
IMPORT AND EXPORT: |
IMPORTS FROM:
|
UNITED STATES, SPAIN, PORTUGAL, GERMANY AND FRANCE. |
EXPORTS TO:
|
ARGENTINA AND UNITED STATES. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC CLIENTS: |
|
|
|
FIAT DO BRASIL S/A |
|
|
|
GENERAL MOTORS DO BRASIL LTDA |
|
|
|
HONDA DO BRASIL |
|
|
|
MERCEDES BENZ DO BRASIL S/A |
|
|
|
VOLKSWAGEN DO BRASIL LTDA |
|
|
|
FOREIGN CLIENTS: |
|
|
|
GENERAL MOTORS DA ARGENTINA |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 11000 EMPLOYEE(S) |
|
THE SUBJECT FIRM BELONGS TO A LARGE AUTOMOBILE PARTS MANUFACTURING CONGLOMERATE. IT IS A WELL-KNOWN COMPANY LOCALLY AND HAS AN EXCELLENT REPUTATION. THE COMPANY HAS TRADE RELATIONS WITH SEVERAL SUPPLIERS IN BRAZIL. THE SUPPLIERS EXTEND CREDIT FACILITIES TO THE SUBJECT IN TERMS AND AMOUNTS ACCORDING TO THE COMPANY'S NEEDS AND SO FAR NO PAYMENT PROBLEMS ARE NOTED. OUR INVESTIGATION THROUGH THE PUBLIC RECORDS SHOWED SOME DETRIMENTAL FILES REGISTERED AGAINST THE SUBJECT BUT DUE TO THE SUBJECT'S HIGH FINANCIAL STRENGTH AND HIGH SCALE OF OPERATIONS THE DETRIMENTAL FILES ARE DO NOT AFFECT ITS TRADE REPUTATION. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC SUPPLIERS: |
|
|
|
3M DO BRASIL LTDA |
|
|
|
AFA PLÁSTICOS LTDA |
|
|
|
AMP DO BRASIL |
|
|
|
ATRI NYLOX DO BRASIL IND. E COMÉRCIO |
|
|
|
DAY BRASIL S/A |
|
|
|
DRESSER IND. COM. LTDA |
|
|
|
FREIOS VARGAS |
|
|
|
LOJA ELÉTRICA LTDA |
|
|
|
PIRELLI |
|
|
|
ROBERT BOSCH |
|
|
|
TYCO DO BRASIL |
|
|
|
PAYMENT HISTORY: |
|
43 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 5.334.317,00 |
|
|
|
AMOUNT OF INVOICES PAID: 865 |
|
TOTAL OF PROMPT PAYMENTS: 94,8% |
|
TOTAL OF DELAYED PAYMENTS: 5,2% |
|
|
|
HIGHEST INVOICE: R$ 185.889,00 |
|
HIGHEST CREDIT: R$ 185.889,00 |
|
THE SUBJECT FIRM BELONGS TO A LARGE AUTOMOBILE PARTS MANUFACTURING CONGLOMERATE. ITS PARENT COMPANY FILED FOR BUSINESS REORGANIZATION UNDER CHAPTER 11 OF THE U.S. BANKRUPTCY CODE YEARS AGO BUT IT SEEMS IT HAS ALREADY RECOVERED. BASED ON THE OVERALL DATA AVAILABLE THE SUBJECT MAY BE CONSIDERED FOR BUSINESS COMMITMENTS. CREDIT FACILITIES HOWEVER SHOULD BE GRANTED ON MODERATE AMOUNTS DUE TO THE ABSENCE OF FINANCIAL DATA. AS NO BALANCE SHEET DATA IS AVAILABLE A CREDIT LIMIT OF US$ 300.000,00 MAY BE CONSIDERED. FOR HIGHER AMOUNTS IT WOULD BE RECOMMENDED REQURING A COLLATERAL FROM THE PARENT COMPANY. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.12 |
|
|
1 |
Rs.102.00 |
|
Euro |
1 |
Rs.81.43 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.