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Report No. : |
IRFAN |
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Report Date : |
16.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
DELPHI AUTOMOTIVE SYSTEMS DO BRASIL LTDA |
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|
|
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Registered Office : |
Avenida Goiás, 1820 / 1860, Santa Paula, 09550-050 - São Caetano Do Sul/Sp |
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Country : |
Brazil |
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Date of Incorporation : |
08.08.1995 |
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Legal Form : |
Limited Liability Company |
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|
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Line of Business : |
The Subject Is Engaged In The Manufacture
Of Parts And Accessories For Motor Vehicles And Their Engines. |
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|
|
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No. of Employee : |
11000 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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|
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Brazil |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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. GDP growth has slowed since 2011, due to several factors, including: overdependence on exports of raw commodities, low productivity, high operational costs, persistently high inflation, and low levels of investment. After reaching historic lows of 4.5% in early 2014, the unemployment rate remains low, but is rising. Brazil's traditionally high level of income inequality has declined for each of the last 15 years.
Brazil’s fiscal and current account balances have eroded during the past four years as the government attempted to boost economic growth through targeted tax cuts for industry and incentives to spur household consumption. After winning reelection in October 2014 by a historically narrow margin, President Dilma ROUSSEFF appointed a new economic team led by Finance Minister Joaquim LEVY, who introduced a fiscal austerity package intended to restore the primary account surplus to 1.2% of GDP and preserve the country's investment-grade sovereign credit rating.
Brazil seeks to strengthen its workforce and its economy over the long run by imposing local content and technology transfer requirements on foreign businesses, by investing in education through social programs such as Bolsa Familia and the Brazil Science Mobility Program, and by investing in research in the areas of space, nanotechnology, healthcare, and energy.
|
Source
: CIA |
DELPHI AUTOMOTIVE SYSTEMS
DO BRASIL LTDA
|
MAIN ADDRESS:
|
AVENIDA GOIÁS, 1820 / 1860, SANTA PAULA, |
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ZIP CODE/CITY: |
09550-050 - SÃO CAETANO DO SUL/SP |
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PHONE: |
11 4226-6665 |
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E-MAIL: |
rinaldo.nery.santos@delphi.com |
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WEB SITE: |
www.delphi.com |
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BRANCHES: |
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ADDRESS: |
RUA PROJETADA, 480, |
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ZIP CODE/CITY: |
JACUTINGA/MG |
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PHONE: |
35 3443-2784 |
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|
|
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ADDRESS: |
RUA BERNARDINO BERNARDI, 510 - OR RUA GIUSEPE MANDEKU, 118 –
ANCHIETA, |
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ZIP CODE/CITY: |
PORTO ALEGRE/RS |
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PHONE: |
51 3373-7500 |
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CNPJ: |
00.857.758/0005-74 |
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ADDRESS: |
AV. AVELINO RIBEIRO, 900 – CENTRO, |
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ZIP CODE/CITY: |
37660-000 PARAISÓPOLIS/MG |
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CNPJ: |
00.857.758/0012-01 |
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STATE REGISTER: |
473962332.03-50 |
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ADDRESS: |
AVENIDA COMENDADOR LEOPOLDO DEDINI, 1316 – UNILESTE, |
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ZIP CODE/CITY: |
PIRACICABA/SP |
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PHONE: |
19 3429-5299 |
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CNPJ: |
00.857.758/0008-17 |
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|
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ADDRESS: |
AVENIDA QUEIROZ JUNIOR, 3040 - RODOVIA BR 040 - KM 773 –
ESPERANÇA, |
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ZIP CODE/CITY: |
ITABERITO/MG |
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PHONE: |
31 3561-9000 |
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CNPJ: |
00.857.758/0003-02 |
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|
|
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ADDRESS: |
RUA ADHEMAR PEREIRA DE BARROS, 21 - PORTÃO 01 – UNILESTE, |
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ZIP CODE/CITY: |
13422-200 PIRACICABA/SP |
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PHONE: |
19 3429-5224 |
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CNPJ: |
00.857.758/0015-46 |
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STATE REGISTER: |
535.240.002.112 |
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ADDRESS: |
AVENIDA VINCENZO GRANCHELLI, 10 - DISTRITO INDUSTRIAL, |
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ZIP CODE/CITY: |
13820-000 JAGUARIUNA/SP |
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PHONE: |
19 3867-9400 |
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CNPJ: |
00.857.758/0011-12 |
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STATE REGISTER: |
395.017.344.116 |
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ADDRESS: |
RUA DA BARRA, 141 - PARQUE RINCAO, |
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ZIP CODE/CITY: |
06705-420 COTIA/SP |
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PHONE: |
11 4615-8500 |
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ADDRESS: |
AVENIDA GUARAPIRANGA, 2400 SAGUAO 1 - PQ EUROPA, |
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ZIP CODE/CITY: |
04911-005 SAO PAULO/SP |
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|
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ADDRESS: |
AVENIDA NELO PISANI, 500 DISTRITO INDUSTRIAL, |
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ZIP CODE/CITY: |
13739-050 MOCOCA/SP |
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ADDRESS: |
RODOVIA DOS TAMOIOS, S/Nº. KM 21,8 - BAIRRO TAPANHÃO |
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ZIP CODE/CITY: |
12270-000 JAMBEIRO/SP |
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PHONE: |
12 3978-2188 |
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CNPJ: |
00.857.758/0007-36 |
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|
|
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ADDRESS: |
RODOVIA SP 346, KM 202,5 - JARDIM DO TREVO, |
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ZIP CODE/CITY: |
13990-000 ESPIRITO SANTO DO PINHAL/SP |
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PHONE: |
19 3651-9477 |
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CNPJ: |
00.857.758/0010-31 |
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STATE REGISTER: |
530.031.098.112 |
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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. |
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MAIN
ACTIVITIES: |
|
MANUFACTURE OF PARTS AND ACCESSORIES FOR
MOTOR VEHICLES AND THEIR ENGINES. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
08/08/1995 |
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REGISTER DATE: |
20/09/1995 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
00.857.758/0001-40 |
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STATE REGISTER: |
636.163.173.110 |
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|
|
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SHARE CAPITAL: |
R$ 340.254.058,00 |
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LAST REGISTER OF CAPITAL: |
16/07/2015 |
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BOARD OF
DIRECTORS: |
|
|
|
|
|
LUIZ ROBERTO CORRALLO |
MANAGER |
|
PAULO CESAR LOURENÇO DOS SANTOS |
MANAGER |
|
LUIZ PAULO PENALVA REALI |
MANAGER |
|
LAURENT PHILIPPE PIERRE LEVRON |
MANAGER |
|
THE MANAGERS ARE AUTHORIZED TO SIGN ON
BEHALF OF THE COMPANY. |
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SHAREHOLDERS
/ PARTNERS: |
|
|
|
|
|
DELPHI LATIN AMERICA S.A.R.L. |
R$ 340.212.941,00 |
|
DELPHI GLOBAL HOLDINGS S.A.R.L. |
R$ 41.117,00 |
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AFFILIATES /
SUBSIDIARIES: |
|
|
A
SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS/HAVE THE
FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
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. ON DECEMBER 29, 2007 SUBJECT TOOK OVER THE
COMPANY "DELPHI DIESEL SYSTEMS DO BRASIL LTDA". TRADE NAME: "DELPHI". FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE
INTERVIEWED MR. ANDRE, ADMINISTRATIVE 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: |
|
24 PROTESTS,TOTAL AMOUNT
R$ 59.731,90 |
|
DATE OF FIRST PROTEST: 11/2015 R$
7.267,48 |
|
DATE OF HIGHEST PROTEST: 08/2015
R$ 11.700,00 |
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DETAILS OF LATEST PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
1º CARTORIO DE SP- COTIA |
15/09/2015 |
R$ 1.832,03 |
|
CARTORIO DE SP-PIRACICABA |
11/2015 |
R$ 3.900,00 |
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1º CARTORIO DE SP-COTIA |
06/11/2015 |
R$ 850,00 |
|
1º CARTORIO DE SP- JAGUARIUNA |
08/2015 |
R$ 5.500,00 |
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CARTORIO DE SP- PIRACICABA |
11/2015 |
R$ 195,00 |
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LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
2 |
FEDERAL LAWSUITS |
20/07/15 |
2ª VARA DE SANTO ANDRE/SP |
|
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$ 3,85 |
- OFFICIAL RATE ON
11/12/2015 |
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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
|
NOT AVAILABLE. |
|
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BRANCH/PHONE: |
CITY: |
|
HSBC BANK BRASIL S/A |
QUITANDA |
SÃO PAULO/SP |
|
BANCO DO BRASIL S/A |
|
SÃO PAULO/SP |
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BANCO CITIBANK S/A |
|
SÃO PAULO/SP |
|
BANCO ITAÚ S/A |
|
SÃO PAULO/SP |
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BANCO BRADESCO S/A |
NOVA CENTRAL |
SÃO PAULO/SP |
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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
DECEMBER 11, 2015. |
|
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. |
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MAIN CLIENTS: |
|
|
|
|
|
|
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DOMESTIC
CLIENTS: |
|
|
|
FIAT DO BRASIL S/A |
|
|
|
GENERAL MOTORS DO BRASIL LTDA |
|
|
|
HONDA DO BRASIL |
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|
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MERCEDES BENZ DO BRASIL S/A |
|
|
|
VOLKSWAGEN DO BRASIL LTDA |
|
|
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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. THE LAWSUITS REPORTED ARE NOT RELATED
WITH TRADE DEBTS. THEY ARE RELATED TO TAX DEBTS THAT FOR ANY REASON THE
COMPANY HAS NOT YET PAID. NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUITS DO
NOT AFFECT THE COMPANY'S TRADE REPUTATION. 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 |
|
|
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ATRI NYLOX DO BRASIL IND. E COMÉRCIO |
|
|
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DAY BRASIL S/A |
|
|
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DRESSER IND. COM. LTDA |
|
|
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FREIOS VARGAS |
|
|
|
LOJA ELÉTRICA LTDA |
|
|
|
PIRELLI |
|
|
|
ROBERT BOSCH |
|
|
|
TYCO DO BRASIL |
|
|
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PAYMENT
HISTORY: |
|
36 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 4.937.585,00 |
|
|
|
AMOUNT OF INVOICES PAID: 696 |
|
TOTAL OF PROMPT PAYMENTS: 90% |
|
TOTAL OF DELAYED PAYMENTS: 10% |
|
|
|
HIGHEST INVOICE: R$ 279.720,00 |
|
HIGHEST CREDIT: R$ 270.720,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
1 |
3 |
R$ 17.039,22 |
|
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.
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.67.04 |
|
|
1 |
Rs.101.67 |
|
Euro |
1 |
Rs.73.93 |
|
BRL |
1 |
Rs.17.12 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
TRU |
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.