MIRA INFORM REPORT

 

 

Report Date :

07.10.2014

 

IDENTIFICATION DETAILS

 

Name :

DANISCO BRASIL LTDA

 

 

Registered Office :

Rodovia Raposo Tavares, S/Nº. Km 27,2 Caixa Postal 72 - Moinho Velho

 

 

Country :

Brazil

 

 

Date of Incorporation :

06.02.1975

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Producer of Food Ingredients.

 

 

No of Employees :

220

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Brazil

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

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

 

 

Company Name

 

DANISCO BRASIL LTDA

 

 

ADDRESSES

 

 

MAIN ADDRESS:

Rodovia Raposo Tavares, S/Nº. Km 27,2 Caixa Postal 72 - Moinho Velho

ZIP CODE/CITY:

06707-000 - COTIA/SP

 

 

PHONE:

11 4613-3800

FAX:

11 4613-3800

E-MAIL:

janaisa.ribeiro@danisco.com

 

BRANCHES

 

 

 

 

ADDRESS:

RUA JOÃO DE ABREU,186 - JD. SANTA ROSA

ZIP CODE/CITY:

19200-000 PIRAPOZINHO/SP

PHONE:

18 3269-1763

CNPJ:

462.780.160-00

STATE REGISTER:

541.007.281.110

 

 

ADDRESS:

ALAMEDA ITAPECURU,506 - ALPHAVILLE

ZIP CODE/CITY:

06454-080 BARUERI/SP

PHONE:

11 4166-8260

 

LEGAL DATA

 

 

MAIN ACTIVITIES:

 

PRODUCER OF FOOD INGREDIENTS.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

06/02/1975

REGISTER DATE:

18/02/1975

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

46.278.016/0001-61

STATE REGISTER:

278.060.661.113

 

 

SHARE CAPITAL:

R$ 4.701.425,00

 

BOARD OF DIRECTORS:

 

 

 

ZACARIAS KARACRISTO

MANAGER

FABIANA KLAJNER LESCHZINER

MANAGER

KEYLLA ELISANGELA RODRIGUES

MANAGER

MARCOS ROBERTO SPINA RIBEIRO

MANAGER

RICARDO DE ARNALDO SILVA VELLUTINI

MANAGER

 

 

AUTHORIZED USE OF SIGNATURE

 

 

THE MANAGERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

DANISCO A/S (DENMARK)

R$ 4.699.340,00

COMETRA A/S (DENMARK)

R$ 2.085,00

 

AFFILIATES / SUBSIDIARIES:

 

 

 

DANISCO GROUP

 

 

COMPANY'S BACKGROUND

 

 

THE SUBJECT WAS ESTABLISHED IN FEBRUARY 1975 TO BE ENGAGED IN THE SAID LINE OF BUSINESS.

 

PREVIOUS CORPORATE NAMES:

  

 - GRINDSTED DO BRASIL INDÚSTIA E COMÉRCIO LTDA;

 - DANISCO INGREDIENTS BRASIL LTDA;

 - DANISCO CULTOR BRASIL LTDA.

 

ON FEBRUARY 27, 2002 THE SUBJECT TOOK OVER THE COMPANY GERMANTOWN DO BRASIL INDUSTRIA E COMERCIO LTDA.

 

ON MAY 17, 2002 THE COMPANY ADOPTED THE ABOVE-MENTIONED CORPORATE NAME.

 

ON JUNE 22, 2006 THE SUBJECT TOOK OVER GENENCOR INTERNATIONAL DO BRASIL LTDA

 

ON MAY 17, 2002 IT ALTERED TO ABOVE-MENTIONED NAME AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN.

 

PARTNERS / MANAGERS:

 

DANISCO A/S: COMPANY ESTABLISHED ACCORDING TO THE LAWS OF DENMARK, HEADQUARTERED AT LANGEBROGADE 1, DK-1001, COPENHAGEN, K, DINAMARCA, REPRESENTED BY ITS ATTORNEY, MRS MARIA DA GRAÇA DE BRITO VIANNA PEDRETTI, BRAZILIAN, MARRIED, LAWYER, RESIDENTIAL ADDRESS AT SÃO PAULO, CAPITAL, WITH OFFICE AT AVENIDA PAULISTA, 1294, 2º. ANDAR, SÃO PAULO/SP, HOLDER OF DOCUMENTS RG 4.442.598 SSP/SP AND CPF: 791.071.418-15 AND OAB/SP Nº. 43.964;

 

COMETRA A/S: COMPANY ESTABLISHED ACCORDING TO THE LAWS OF DENMARK,, HEADQUARTERED AT LANGEBROGADE 1, DK-1001, COPENHAGEN, K, DINAMARCA, REPRESENTED BY ITS ATTORNEY, MRS MARIA DA GRAÇA DE BRITO VIANNA PEDRETTI, BRAZILIAN, MARRIED, LAWYER, RESIDENTIAL ADDRESS AT SÃO PAULO, CAPITAL, WITH OFFICE AT AVENIDA PAULISTA, 1294, 2º. ANDAR, SÃO PAULO/SP, HOLDER OF DOCUMENTS RG 4.442.598 SSP/SP AND CPF: 791.071.418-15 AND OAB/SP Nº. 43.964;

 

ZACARIAS KARACRISTO: BRAZILIAN, MARRIED, ENGINEER, HOLDER OF DOCUMENTS RG 11.708.470 AND CPF 059.159.948-14, WITH OFFICE AT RODOVIA RAPOSO TAVARES, KM 27,2, MOINHO VELHO, ZIP CODE 06707-007, COTIA/SP.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

REMARKS:

--------

 

ALL THE CONTACTS WERE MADE AT THE GROUP’S FINANCIAL DEPT. LOCATED AT THE SISTER COMPANY “DU PONT DO BRASIL S/A”, LOCATED AT ALAMEDA ITAPICURU, 506, CEP 06454-080, BARUERI/SP, PHONE: (11) 4166-8000.

 

WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS. JANAINA, FINANCIAL 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

 

 

NO DETRIMENTAL FILES WERE FOUND.

 

FINANCIAL INFORMATION

 

 

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$ 2,49

 

 

COMMENTS ON THE FINANCIAL INFORMATION

 

DESPITE THE ABSENCE OF FINANCIAL INFORMATION ABOUT THE SUBJECT, IT IS A SUBSIDIARY OF A LARGE-SIZED EUROPEAN COMPANY AND THUS IT IS NOT LIKELY TO FACE FINANCIAL PROBLEMS.

 

REAL ESTATE

 

 

DETAIL OF OWNED REAL ESTATE:

 

TYPE:

BUILDING

VALUE:

R$ ,00

REMARKS:

OWNS SEVERAL REAL ESTATES.

 

VEHICLES:

 

   NOT AVAILABLE

 

MACHINES:

 

   NOT AVAILABLE

 

 

INSURANCE

 

NOT AVAILABLE.

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

CITY:

BANCO BRADESCO S/A

11 4787-3144

TABOÃO DA SERRA/SP

BANCO DO BRASIL S/A

11 3684-0011

TABOÃO DA SERRA/SP

BANCO CITIBANK S/A

11 5582-6925

SÃO PAULO/SP

BANCO ITAÚ S/A

11 4004-1611

TABOÃO DA SERRA/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"). RESEARCH DATE: OCTOBER 03, 2014.

 

ACTIVITIES COMMENTS

 

 

DANISCO IS ONE OF THE WORLD'S LARGEST PRODUCERS OF FOOD INGREDIENTS OFFERING A COMPLETE PRODUCT PORTFOLIO, INCLUDING A WIDE RANGE OF INGREDIENTS MADE FROM NATURAL RAW MATERIALS. DANISCO IS ALSO A LEADING SUPPLIER OF SPECIALTY SWEETENERS AND RANKS AMONG THE MOST EFFICIENT SUGAR PRODUCERS IN EUROPE.

 

THE FOLLOWING ARE THE DANISCO'S BUSINESSES:

INGREDIENTS

SWEETENERS

SUGAR

SEED

VENTURE

ASSOCIATED BUSINESS

OTHER BUSINESS

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

NOT AVAILABLE.

 

   EXPORTS TO:

NOT AVAILABLE.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

CITY:

PHONE:

BUNGE ALIMENTOS S/A

SAO PAULO/SP

11 3741-2300

CIA LECO DE PRODUTOS ALIMENTÍCIOS

 

11 6099-5699

DUAS RODAS INDUSTRIAL LTDA

 

47  372-9000

J. MACEDO ALIMENTOS NORDESTE S/A

 

85  266-5555

M. DIAS BRANCO S/A COMÉRCIO E INDÚSTRIA

 

85  216-5591

NESTLE BRASIL LTDA

SÃO PAULO/SP

11 5508-8574

PANDURATA ALIMENTOS LTDA

 

11 6421-9561

PARMALAT BRASIL S/A IND DE ALIMENTOS

 

11 3848-2209

SADIA S/A

 

11 2113-1940

UNILEVER FAST FOOD BRASIL LTDA

SÃO PAULO/SP

11 3703-7062

VIA ALIMENTOS LTDA

 

11  215-9511

 

STAFF:

 

THE COMPANY HAS: 220 EMPLOYEE(S)

 

CONCEPT AND FULFILMENT

 

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1975. IT IS SUBSIDIARY OF ONE OF THE LARGEST EUROPEAN COMPANIES IN ITS LINE OF BUSINESSES. SO FAR IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOUR AND KEEPS ENJOYING A FAVORABLE REPUTATION AMONG LOCAL TRADE SOURCES.

 

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.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

PHONE:

A AZEVEDO IND E COM OLEOS LTDAQ

 

11 5181-7751

FLORA FABRIL

 

61  623-1800

MERCK S/A

 

11 3346-8636

NEWSUL EMBALAGENS LTDA

 

54 2102-9100

NEWSUL EMBALAGENS LTDA

BENTO GONÇALVES/RS

11 3021-4844

RHODIA ACETOW BRASIL LTDA

 

11 4997-4484

RHODIA POLIAMIDA E ESPECIALIDADES LTDA

SANTO ANDRE/SP

11 4977-4333

TANSAN DO BRASIL INDÚSTRIA QUÍMICA LTDA

 

11 4196-5522

TRIÂNGULO ALIMENOS LTDA

ITAPOLIS/SP

16 3263-9000

VERONESE E CIA LTDA

CAXIAS DO SUL/RS

54  228-1377

 

PAYMENT HISTORY

 

 

14 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 2.651.121,00

 

AMOUNT OF INVOICES PAID: 65

TOTAL OF PROMPT PAYMENTS: 99,5%

TOTAL OF DELAYED PAYMENTS: 0,5%

 

HIGHEST INVOICE: R$ 103.180,00

HIGHEST CREDIT: R$ 202.842,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS:

 

---------------------------

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

1

1

R$ 949,04

 

FINAL OPINION

 

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS. IT IS SUBSIDIARY OF A EUROPEAN COMPANY WITH HUGE FINANCIAL POWER, OPERATING WITH CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOUR.

 

BASED ON THE OVERALL DATA AVAILABLE THE SUBJECT MAY BE CONSIDERED FOR NORMAL BUSINESS COMMITMENTS. CREDIT FACILITIES HOWEVER SHOULD BE GRANTED ON SECURED TERMS ONLY DUE TO THE ABSENCE OF FINANCIAL DATA.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.75

UK Pound

1

Rs.100.07

Euro

1

Rs.77.95

 

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

TPT

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.