|
Report No. : |
319292 |
|
Report Date : |
25.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
CIA. HERING |
|
|
|
|
Registered Office : |
Rua Hermann Hering,1790 - Bom Retiro 89010-900 - Blumenau/Sc |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
19.08.985 |
|
|
|
|
Legal Form : |
Publicly Held Corporation |
|
|
|
|
Line of Business : |
Manufacture Of Textiles |
|
|
|
|
No. of Employee : |
9000 |
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 |
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|
|
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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. Since 2008, Brazil became a net external creditor and all three of the major 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. Unemployment is at historic lows and Brazil's traditionally high level of income inequality has declined for each of the last 15 years. Rising inflation led the authorities to take measures to cool the economy in 2011; these actions and the deteriorating international economic situation slowed growth in 2011-14. Brazil’s fiscal and current account balances have eroded during the past three years as the government attempted to boost economic growth through targeted tax cuts for industry and incentives to spur household consumption. President Dilma ROUSSEFF has indicated that her government in her second term will pursue more austere fiscal policies to reduce these imbalances and preserve the country’s credit rating.
|
Source
: CIA |
CIA. HERING
ADDRESSES
|
|
MAIN ADDRESS: |
RUA HERMANN HERING,1790 - BOM RETIRO |
|
ZIP CODE/CITY: |
89010-900 - BLUMENAU/SC |
|
|
|
|
PHONE: |
47 3321-3544 |
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FAX: |
47 3321-3155 |
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E-MAIL: |
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|
WEB SITE: |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA DO ROCIO,430 - VILA OLIMPIA |
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ZIP CODE/CITY: |
04552-000 SÃO PAULO/SP |
|
|
|
|
ADDRESS: |
RUA VPR 3 - S/Nº.,0 |
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ZIP CODE/CITY: |
75133-600 ANÁPOLIS/GO |
|
|
|
|
ADDRESS: |
RUA ITORORO,95 A - OLD NEIGHBORHOOD CENTER |
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ZIP CODE/CITY: |
89045-330 BLUMENAU/SC |
|
THE SUBJECT HAS 276 STORES THROUGHOUT BRAZIL. |
LEGAL
DATA
|
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF TEXTILES. |
|
LEGAL FORM: |
PUBLICLY
HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
19/08/1985 |
|
REGISTER DATE: |
21/08/1985 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
78.876.950/0001-71 |
|
STATE REGISTER: |
251.213.749 |
|
|
|
|
SHARE CAPITAL: |
R$
313.086.122,14 |
|
LAST REGISTER OF CAPITAL: |
07/05/2014 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
FABIO HERING |
PRESIDENT DIRECTOR |
|
RONALDO LOOS |
COMMERCIAL DIRECTOR |
|
CARLOS TAVARES D´AMARAL |
ADMINISTRATIVE DIRECTOR |
|
FREDERICO DE AGUIAR OLDANI |
FINANCIAL DIRECTOR |
|
EDGAR DE OLIVEIRA FILHO |
INDUSTRIAL DIRECTOR |
|
MOACYR JOSÉ MATHEUSSI |
DIRECTOR |
AUTHORIZED
USE OF SIGNATURE
|
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
TEMPLETON ASSET MANAGEMENT |
5,210035% |
|
IVO HERING |
7,149192% |
|
CORONATION FUND MANAGERS LTD. |
15,003694% |
|
INV. E PART. INPASA S/A |
7,268476% |
|
OTHERS |
65,018080% |
|
SHARES IN TREASURY |
0,350523% |
|
AFFILIATES /
SUBSIDIARIES |
|
|
|
|
|
VH SERVIÇOS E CONSTRUÇÕES S.A. |
94,16% |
|
GAREMA MALHAS LTDA. |
100,00% |
|
HRG SERVIÇOS DE INTERMEDIAÇÕES FINANCEIRAS LTDA |
99,99% |
|
HERING INTERNACIONAL SAFI (URUGUAY) |
100,00% |
|
HERING OVERSEAS LTD. (CAYMAN ISLANDS) |
100,00% |
|
HSC TEXTIL LTDA |
100,00% |
|
TÊXTIL SANTA CATARINA LTDA |
100,00% |
|
INTERMEDIAÇÃO DE SERVIÇOS FINANCEIROS LTDA |
99,99% |
COMPANY'S
BACKGROUND
|
|
THE CONCERN WAS ORIGINALLY ESTABLISHED AS GEBRUEDER HERING (HERING
BROTHERS), IN BLUMENAU, STATE OF SANTA CATARINA IN 1880 BY TWO BROTHERS,
HERMANN AND BRUNO HERING. IN 1915 THE SUBJECT'S CORPORATE NAME CHANGED TO "HERING & CO.
AND IN 1929 MODIFIED ITS STYLE INTO JOINT-STOCK COMPANY AND NAME TO "CIA
HERING". ON MAY 24, 1941, ALTERED ITS NAME TO INDÚSTRIA TEXTIL COMPANHIA
HERING. IN 1963, ACQUIRED THE LICENSE TO MANUFACTURE PRODUCTS UNDER THE
"DISNEY" BRAND (THE FIRST COMPANY IN SOUTH AMERICA). FROM 1967, THE
COMPANY REORGANIZED MODERNIZED AS WELL AS ENLARGED ITS INDUSTRIAL PLANT BY
ACQUIRING LOCAL TEXTILE INDUSTRIES SUCH AS MAFISA - MALHARIA BLUMENAU S/A AND
BROADENING ITS LICENSED TRADEMARKS SUCH AS "WRANGLER" THUS BECOMING
ONE OF, IF NOT, THE LARGEST TEXTILE INDUSTRIES IN LATIN AMERICA. IN 1973 SET-UP CEVAL ALIMENTOS S/A, COMPANY ENGAGED IN THE CEREALS
PROCESSING, ESPECIALLY SOY, GRAINS, OILS AND BYPRODUCTS. IN SEPTEMBER 1997,
THE SUBJECT ESTABLISHED THE CEVAL PARTICIPAÇÕES S/A, WHICH BECAME THE HOLDING
COMPANY OF CEVAL ALIMENTOS S/A. IN 1997, UPON THE SHAREHOLDERS' DECISION TO
FOCUS ON THE TEXTILE INDUSTRY, THEY SOLD-UP CEVAL PARTICIPAÇÕES TO THE BUNGE
GROUP. THE SUBJECT WAS REGISTERED ON AUGUST 19, 1985, AT THE STATE OF SANTA
CATARINA REGISTRATION OFFICE, UNDER # 42300020401. IN APRIL 1999, THE COMPANIES CIA HERING AND HERING S/A COMÉRCIO
EXTERIOR WERE TAKEN OVER BY HERING TÊXTIL S/A AND AT THE SAME DATE THE
REGISTERED NAME WAS CHANGED TO CIA HERING, WHICH OPERATES TO DATE. PREVIOUS NAME HERING TEXTIL S/A. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION |
|
PROTESTS |
|
26 PROTESTS,TOTAL AMOUNT R$
446.878,29 |
|
DATE OF FIRST PROTEST:
19/11/2013 R$ 37.968,00 |
|
DATE OF HIGHEST PROTEST:
28/08/2014 R$ 64.952,40 |
|
DETAILS OF LATEST PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
1º CARTORIO DE BLUMENAU/SC |
20/04/2015 |
R$ 45,48 |
|
2º CARTORIO DE SÃO ROQUE/SP |
07/04/2015 |
R$ 547,58 |
|
2º CARTORIO DE PARNAMIRIM/RN |
04/02/2015 |
R$ 98,86 |
|
2º CARTORIO DE BLUMENAU/SC |
31/10/2014 |
R$ 12.919,50 |
|
2º CARTORIO DE PARNAMIRIM/RN |
12/03/2015 |
R$ 2.780,00 |
FINANCIAL
INFORMATION
|
|
GENERAL BALANCE SHEETS AS OF 31/12/2014, 31/12/2013 AND 31/12/2012. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
CASH AND BANKS |
171.535 |
135.061 |
187.738 |
|
CLIENTS |
510.630 |
478.287 |
429.185 |
|
INVENTORY |
297.008 |
295.569 |
210.996 |
|
RECOVERABLE TAXES |
11.960 |
11.459 |
13.235 |
|
PRE PAID EXPENSES |
583 |
385 |
423 |
|
OTHER CREDITS |
9.933 |
8.413 |
3.396 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
1.001.649 |
929.174 |
844.973 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
2.199 |
1.069 |
1.016 |
|
ACCOUNTS RECEIVABLES |
8.139 |
8.085 |
6.749 |
|
DEFERRED TAXES |
14.338 |
16.447 |
18.491 |
|
INTERCOMPANY CREDITS |
337 |
298 |
256 |
|
RECOVERABLE TAXES |
5.412 |
5.406 |
9.078 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
30.425 |
31.305 |
35.590 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
12.630 |
7.773 |
7.862 |
|
FIXED ASSETS |
300.882 |
278.117 |
256.486 |
|
INTANGIBLE |
88.908 |
54.669 |
39.168 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
402.420 |
340.559 |
303.516 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
1.434.494 |
1.301.038 |
1.184.079 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
SOCIAL / LABOR OBLIGATIONS |
40.354 |
36.639 |
36.191 |
|
SUPPLIERS |
171.373 |
153.138 |
154.688 |
|
TAX LIABILITIES |
30.000 |
62.611 |
50.462 |
|
LOANS AND FINANCING |
23.422 |
2.092 |
24.555 |
|
DIVIDENDS |
551 |
500 |
443 |
|
TAX INCENTIVES |
16.038 |
16.840 |
11.614 |
|
INSTALLMENTS TAXES PAYABLE |
840 |
3.916 |
7.527 |
|
ACCOUNTS PAYABLE |
7.880 |
5.468 |
5.955 |
|
PROVISIONS |
21.675 |
29.918 |
22.033 |
|
DEBT WITH RELATED PARTIES |
4.128 |
3.651 |
3.196 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
316.261 |
314.773 |
316.664 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
|
22.339 |
152 |
|
TAX INCENTIVES |
13.215 |
25.417 |
37.241 |
|
INSTALLMENTS TAXES PAYABLE |
7.758 |
11.697 |
14.772 |
|
OTHER OBLIGATIONS |
10.616 |
9.507 |
19.121 |
|
PROVISIONS |
10.576 |
9.815 |
11.747 |
|
OTHER |
|
232 |
382 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
42.165 |
79.007 |
83.415 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
313.086 |
239.435 |
235.974 |
|
CAPITAL RESERVES |
3.114 |
10.209 |
6.602 |
|
PROFIT RESERVES |
747.536 |
647.550 |
533.254 |
|
OTHER COMPREHENSIVE INCOME |
7.714 |
7.943 |
8.170 |
|
COMPREHENSIVE INCOME |
4.618 |
2.121 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
1.076.068 |
907.258 |
784.000 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
1.434.494 |
1.301.038 |
1.184.079 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2014, 31/12/2013 AND 31/12/2012. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
NET SALES |
1.674.913 |
1.676.221 |
1.488.361 |
|
(-) COST OF SOLD GOODS |
944.533 |
921.234 |
812.137 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
730.380 |
754.987 |
676.224 |
|
OPERATING REVENUE (EXPENSE) |
-370.349 |
-349.572 |
-302.906 |
|
FINANCIAL REVENUE(EXPENSE) |
33.086 |
27.933 |
36.799 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
393.117 |
433.348 |
410.117 |
|
CONTRIBUTION/INCOME TAX |
-74.259 |
-115.176 |
-99.103 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
318.858 |
318.172 |
311.014 |
|
RATIOS: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
QUICK RATIO |
2,23 |
|
2,01 |
|
2,00 |
|
|
CURRENT RATIO |
3,17 |
|
2,95 |
|
2,67 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
3,28 |
TIMES |
3,50 |
TIMES |
3,47 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
109,75 |
DAYS |
102,72 |
DAYS |
103,81 |
DAYS |
|
INVENTORY TURNOVER |
3,18 |
TIMES |
3,12 |
TIMES |
3,85 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
65,32 |
DAYS |
59,84 |
DAYS |
68,57 |
DAYS |
|
RETURN ON ASSETS |
1,17 |
TIMES |
1,29 |
TIMES |
1,26 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
1,56 |
TIMES |
1,85 |
TIMES |
1,90 |
TIMES |
|
NET WORTH TIE-UP |
,28 |
|
,31 |
|
,33 |
|
|
INDEBTEDNESS |
,33 |
|
,43 |
|
,51 |
|
|
EQUITY RATIO |
75,01 |
% |
69,73 |
% |
66,21 |
% |
|
WORKING CAPITAL RATIO |
216,72 |
% |
195,19 |
% |
166,84 |
% |
|
GENERAL SOLVENCY |
4,00 |
|
3,30 |
|
2,96 |
|
|
RETURN ON NET EQUITY |
29,63 |
% |
35,07 |
% |
39,67 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
19,04 |
% |
18,98 |
% |
20,90 |
% |
|
GROSS PROFIT MARGIN |
43,61 |
% |
45,04 |
% |
45,43 |
% |
|
OPERATIONAL RESULT |
23,47 |
% |
25,85 |
% |
27,55 |
% |
|
SALES TURNOVER ON LIABILITIES |
5,30 |
TIMES |
5,33 |
TIMES |
4,70 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 3,00 |
- OFFICIAL RATE ON 23/04/2015 |
|
US$ 1,00 = R$ 2,65 |
- OFFICIAL RATE ON 31/12/2014 |
|
US$ 1,00 = R$ 2,34 |
- OFFICIAL RATE ON 31/12/2013 |
|
US$ 1,00 = R$ 2,04 |
- OFFICIAL RATE ON 31/12/2012 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE ANNUAL FIGURES SHOW A NORMAL FINANCIAL STANDING. IT HAD HIGH
LIQUIDITY RATIOS AND IMPORTANT WORKING CAPITAL, AS WELL AS LOW LEVEL OF
INDEBTEDNESS. IN ADDITION, IT SHOWED DROP IN SALES BUT MADE PROFIT. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
60.487.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
676.000,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 107.533.000,00
INSURANCE
|
|
THE COMPANY MAINTAINS INSURANCE COVERAGE IN AMOUNT CONSIDERED SUFFICIENT
BY THE MANAGEMENT TO COVER CONTINGENCY RISKS OVER ITS ASSETS AND/OR
LIABILITIES. ON DECEMBER 31, 2014, THE COVERAGE AGAINST OPERATIONAL RISKS WAS
COMPRISED BY R$ 101.325.000,00 FOR MATERIAL DAMAGE, R$ 34.123.000,00 FOR
CEASING PROFIT AND R$ 7.000.000,00 FOR CIVIL LIABILITY. |
BANKING
REFERENCES
|
|
|
BRANCH/PHONE: |
|
|
BANCO DO BRASIL S/A |
47 3321-2300 |
|
|
BANCO BRASDESCO S/A |
47 3326-6388 |
|
|
BANCO ABC BRASIL S/A |
41 3312-1635 |
|
|
BANCO BRADESCO S/A |
47 3326-1689 |
|
|
BANCO SANTANDER (BRASIL) S/A |
41 3255-6810 |
|
|
BANCO COMERCIAL URUGUAI |
47 3433-7700 |
|
|
BANCO SAFRA S/A |
47 3326-9022 |
|
|
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 RESEARCHED APRIL 23, 2015. |
ACTIVITIES
COMMENTS
|
|
SUBJECT IS ENGAGED IN THE MANUFACTURE OF TEXTILES, WITH ITS CORE
PRODUCTS BEING T-SHIRTS, BLOUSES, TROUSERS, SHORTS, TWIN SET, JACKET,
PAJAMAS, NIGHTDRESS, UNDERWEAR CLOTHES, BACKPACKS, BAGS, SUITCASES, WALLETS,
HATS, CAPS, GLASSES, WATCHES, SLIPPERS, ETC. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
ARGENTINA, UNITED STATES, PARAGUAY, GERMANY AND SWITZERLAND. |
EXPORTS TO:
|
UNITED STATES, GERMANY, ITALY, ENGLAND, LATIN AMERICA, ARGENTINA,
PARAGUAY AND CHILE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
ARTHUR LUNDGREN TECIDOS S/A (CASAS PERNAMBUCANAS) |
|
|
|
CARREFOUR COM. E IND. LTDA |
|
|
|
CIA BRASILEIRA DE DISTRIBUIÇÃO (PÃO DE AÇÚCAR) |
|
|
|
LOJA AMERICANAS S/A |
|
|
|
LOJAS RENNER S/A |
|
|
|
MAKRO ATACADISTA S/A |
|
|
|
MALHASPARIS LTDA |
|
|
|
MUNDO DAS CAMISETAS LTDA |
|
|
|
PALMA & SANTOS LTDA |
|
|
|
SONAE DISTRIBUIÇÃO BRASIL S/A |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 9000EMPLOYEE(S) |
CONCEPT
AND FULFILMENT
|
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1985. SO FAR
IT HAS A CLEAR TRADE HISTORY AND VERY GOOD PAYMENT BEHAVIOR. IT IS ONE OF THE
MOST IMPORTANT COMPANIES IN ITS LINE OF BUSINESS IN BRAZIL AND SO FAR ITS
REPUTATION IS EXCELLENT. 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 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 CONSIDERED
NORMAL AND DO NOT AFFECT ITS TRADE REPUTATION OR ITS CREDITWORTHINESS. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
BASF S/A |
|
11 3234-5122 |
|
CIBA - GEIGY QUÍMICA S/A |
|
11 3532-7043 |
|
CLARIANT S/A |
|
11 3525-9322 |
|
COATS CORRENTE LTDA |
|
47 3331-8707 |
|
COMPANHIA DE TECIDOS SANTAENSE S.A. |
|
|
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COMPANHIA VALENÇA INDUSTRIAL |
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COOP AGROP. PROD. INTEGRADA DO PARANÁ LTDA |
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COTEMINAS - CIA DE TECIDOS NORTE DE MINAS |
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COTONIFICIO KURASHIKI DO BRASIL LTDA |
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DAIWA DO BRASIL TÊXTIL LTDA |
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DU PONT DO BRASIL S/A |
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11 3421-8122 |
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DYSTAR LTDA |
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11 3525-7552 |
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FÁBRICA DE CADARÇOS E BORDADOS HACO LTDA |
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FÁBRICA DE TECIDOS CARLOS RENAUX |
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FIAÇÃO E TECELAGEM KANEBO DO BRASIL S/A |
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HACO ETIQUETAS LTDA |
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MALIBER IND. E COM. TÊXTIL S.A. |
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MINASA TRADING INTERNATIONAL S/A |
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QUIMISA S/A INDÚSTRIA E COMÉRCIO |
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47 3350-1010 |
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SANTISTA TÊXTIL S.A. |
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SUAP TÊXTIL S/A |
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TÊXTIL BEZERRA S/A |
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TÊXTIL UNIÃO S/A |
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UNITIKA DO BRASIL INDÚSTRIA TÊXTIL LTDA |
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PAYMENT HISTORY: |
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69 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 56.130.409,00 |
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AMOUNT OF INVOICES PAID: 5199 |
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TOTAL OF PROMPT PAYMENTS: 99,0% |
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TOTAL OF DELAYED PAYMENTS: 1,0% |
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HIGHEST INVOICE: R$ 473.147,00 |
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HIGHEST CREDIT: R$ 1.258.680,00 |
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OUTSTANDING
INVOICES DUE WITHIN THE NEXT 91 DAYS: |
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SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
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DUE WITHIN 30 DAYS |
8 |
114 |
R$ 360.907,01 |
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DUE WITHIN 60 DAYS |
3 |
114 |
R$ 302.474,35 |
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DUE WITHIN 90 DAYS |
4 |
155 |
R$ 385.745,55 |
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DUE WITHIN 91 DAYS |
5 |
134 |
R$ 706.974,48 |
FINAL OPINION
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THE SUBJECT IS A WELL-ESTABLISHED AND WELL-KNOWN COMPANY IN BUSINESS
FOR SEVERAL YEARS. UP TO DATE IT HAS A CLEAR TRADE HISTORY AND VERY GOOD
PAYMENT BEHAVIOR. BASED ON THE GENERAL INFORMATION AVAILABLE IT IS BELIEVED THAT GOOD
TRADE RELATIONS MAY BE ESTABLISHED. CREDIT FACILITIES MAY BE EXTENDED WITHIN
TERMS AND AMOUNTS ADEQUATE TO THE COMPANY'S FINANCIAL STRENGTH. AN INITIAL CREDIT LIMIT OF US$ 3.000.000,00 MAY BE CONSIDERED. HIGHER
AMOUNTS CAN BE GRANTED DEPENDING ON THE IMPORTANCE OF THE OPERATIONS TO BE
ESTABLISHED WITH THE SUBJECT. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.00 |
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1 |
Rs.95.42 |
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Euro |
1 |
Rs.68.49 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.