MIRA INFORM REPORT

 

 

Report No. :

306111

Report Date :

06.02.2015

 

IDENTIFICATION DETAILS

 

Name :

CONVERPLAST EMBALAGENS LTDA

 

 

Registered Office :

Avenida Julia Gaiolli,1052 – Bonsucesso, 07.251-500 - Guarulhos/Sp

 

 

Country :

Brazil

 

 

Date of Incorporation :

24.05.1983

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of Plastic Products.

 

 

No. of Employees :

900

 

 

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 – 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. 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

 

CONVERPLAST EMBALAGENS LTDA

 

 

ADDRESSES

 

MAIN ADDRESS:

AVENIDA JULIA GAIOLLI,1052 - BONSUCESSO

ZIP CODE/CITY:

07.251-500 - GUARULHOS/SP

 

 

PHONE:

11 2462-1177

FAX:

11 2462-1628

E-MAIL:

edvaldo.lima@converplast.com.br

WEB SITE:

www.converplast.com.br

 

BRANCHES

 

 

 

ADDRESS:

AVENIDA CONSELHEIRO CARRÃO,1861 CONJUNTO 41-42-45 - VILA CARRÃO

ZIP CODE/CITY:

03403-001 SÃO PAULO/SP

 

 

ADDRESS:

AVENIDA AMANCIO GAIOLLI,1265 - BONSUCESSO

ZIP CODE/CITY:

07251-250 JARDIM GUARULHOS/SP

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF PLASTIC PRODUCTS.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

24/05/1983

REGISTER DATE:

24/05/1983

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

52.616.232/0001-72

STATE REGISTER:

336.266.936.116

 

 

SHARE CAPITAL:

R$ 2.912.000,00

 

BOARD OF DIRECTORS:

 

 

 

VICTORIO MURER

MANAGING PARTNER

MARISA MURER PICOLIN

MANAGING PARTNER

MAURO MURER

MANAGING PARTNER

 

AUTHORIZED USE OF SIGNATURE

 

THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

 

SHAREHOLDERS / PARTNERS:

 

 

 

VICTORIO MURER

R$ 1.597.600,00

VIFLON ADMINISTRAÇÃO E PARTICIPAÇÕES LTDA

R$ 1.310.400,00

MARISA MURER PICOLIN

R$ 2.000,00

MAURO MURER

R$ 2.000,00

 

AFFILIATES / SUBSIDIARIES:

 

 

 

CONVERPLAST EMBALAGENS DO NORDESTE LTDA

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON MAY 24, 1983 TO BE ENGAGED IN THE SAID LINE OF BUSINESS.

 

THE COMPANY HAS THE ISO 9001 / ISO 14001 / OHSAS 18001 - 2006 CERTIFICATIONS.

 

PARTNERS:

 

VICTORIO MURER: BRAZILIAN, MARRIED, INDUSTRIAL, DOCUMENTS NUMBER, RG 2.208.238/SSP-SP AND CPF 004.346.128-04, RESIDENTIAL ADDRESS AT RUA PROFESSOR JOÃO OLIVEIRA TORRES, 550, 9º ANDAR, APTO 91, JARDIM ANÁLIA FRANCO, ZIP CODE 03337-010 SÃO PAULO/SP;

 

VIFLON ADM. E PARTICIPAÇÕES LTDA: REGISTERED UNDER # NIRE 35.216.035.243 ON 22/11/1999, DOMICILED AT AV. CONSELHEIRO CARRÃO 1861 - CONJ. 45 VILA CARRÃO SÃO PAULO, CNPJ 03.521.375/0001-95, REPRESENTED BY VICTORIO MURER AS MENTIONED ABOVE.

 

MARISA MURER PICOLIN, BRAZILIAN, HOLDER OF DOCUMENTS, CPF: 116.624.328-10, RG/RNE: 175070933 - SP, RESIDENTIAL ADDRESS AT RUA MARCONDESIA, 419, CASA 05, CHACARA MONTE ALEGR - SÃO PAULO/SP.

 

MAURO MURER, BRAZILIAN, HOLDER OF DOCUMENTS, CPF: 130.386.798-28, RG/RNE: 18341276 - SP, RESIDENTIAL ADDRESS AT RUA AFONSO BRAZ, 251, APTO. 81, VILA NOVA CONCEICAO - SÃO PAULO/SP.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

REMARKS:

--------

 

WHEN INTERVIEWED SOURCES AT THE SUBJECT STATED THAT ARE STILL WAITING FOR AUTHORIZATION FROM THE PRINCIPALS TO PROVIDE THE DATA NECESSARY TO COMPLETE THIS REPORT.

 

A REQUEST FOR FURTHER DATA HAS BEEN SENT TO THE COMPANY. PROVIDED THE DATA REQUESTED ARE RECEIVED FROM THE SUBJECT A COMPLEMENTARY REPORT WILL BE SENT TO YOUR ATTENTION.

 

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:

 

1  PROTEST,TOTAL AMOUNT R$ 1.000,00

 

DETAILS OF LATEST PROTESTS:

 

NOTARY OFFICE:

DATE:

VALUE:

2º CARTORIO DE GUARULHOS/SP

27/01/2015

R$ 1.000,00

 

LAWSUITS:

 

 

 

DATE:

COURT OF LAW:

 

1

MUNICIPAL LAWSUIT

21/10/10

2º VARA DE SP-GUARULHOS

 

 

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$ 2,71

 - OFFICIAL RATE ON 04/02/2015

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

IN THE ABSENCE OF FINANCIAL INFORMATION NO COMMENTS CAN BE MADE ABOUT THE SUBJECT'S CURRENT FINANCIAL STANDING.

 

REAL ESTATE:

 

   NOT AVAILABLE

 

VEHICLES:

 

 OWNED VEHICLES ARE VALUED AT R$ 716.000,00

 

MACHINES:

 

   OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 700.000,00

 

INSURANCE

 

THE SUBJECT IS SAID TO HOLD INSURANCE POLICIES BUT DETAILS WERE NOT DISCLOSED.

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

 

BANCO ITAÚ S/A

0770 / 2442-5450

 

BANCO BRADESCO S/A

3397-9 / 2423-6900

 

BANCO DO BRASIL S/A

3222 / 2447-1455

 

 

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: FEBRUARY 04, 2015.

 

ACTIVITIES COMMENTS

 

SUBJECT IS ENGAGED IN THE INDUSTRIALIZATION OF FLEXIBLE PACKAGING AS WELL AS PLASTIC GOODS.

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

FRANCE, INDIA, SWITZERLAND, ENGLAND, U.S.A., GERMANY, MERCOSUR AND OTHERS.

 

   EXPORTS TO:

ARGENTINA, URUGUAY AND OTHERS.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

CITY:

 

ADRIA ALIMENTOS DO BRASIL LTDA

JABOTICABAL/SP

 

AMBEV

 

 

ARCOR DO BRASIL LTDA

BRAGANÇA PAULISTA/SP

 

CHOCOLATES GAROTO S/A

VILA VELHA/ES

 

COCA COLA

 

 

EMBARE INDÚSTRIAS ALIMENTÍCIAS

LARGO DA PRATA/MG

 

M. DIAS BRANCO S/A COMÉRCIO E INDÚSTRIA

EUSÉBIO/CE

 

NESTLE

 

 

NISSIN AJINOMOTO ALIMENTOS LTDA

IBIÚNA/SP

 

PARMALAT BRASIL S/A IND. ALIMENTOS

PORTO ALEGRE/RS

 

SÃO BRAZ S/A INDÚSTRIA COMÉRCIO DE ALIMETOS

CABEDELO/PB

 

 

STAFF:

 

THE COMPANY HAS: 900 EMPLOYEE(S)

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1983. SO FAR IT HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEMS ARE NOTED.

 

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 LAWSUIT REPORTED IS NOT RELATED WITH TRADE DEBT. IT IS RELATED TO TAX DEBT THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID. NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUIT DOES NOT AFFECT THE COMPANY’S TRADE REPUTATION.

 

THE PROTEST IS IRRELEVANT.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

 

A.W. FABER CASTELL S/A

 

 

ACESITA S/A

 

11 2141-4060

AGRO QUIMICA MARINGA S/A

 

 

ALCOA ALUMÍNIO S/A

 

11 5509-0275

AMORIN DISTRIBUIDORA LTDA

 

11 2141-4060

BASF S/A

 

11 4225-8000

CIA BRASILEIRA DE ALUMÍNIO

 

11  215-5888

CIA NITRO QUÍMICA BRASILEIRA

 

11 6137-3100

ELECTROPLASTIC S/A

 

11 5644-2012

ELETROPLASMA IND COM AÇOS LTDA

 

 

FÁBRICA PAPEL STA THEREZINHA S/A

 

11 6942.0333

FESTO AUTOMAÇÃO LTDA.

 

11 6947-7300

INDACO IND COM LTDA

 

 

INTRAB COM PROD SEG TRABALHO LTDA

 

 

IQ SOLUÇÕES & QUIMICA S/A

 

 

LIMER CART IND COM EMBALAGENS LTDA

 

 

OPP PETROQUÍMICA S/A

 

11  882-5700

POLIBRASIL RESINAS S/A

 

11  714-2093

POLO

 

 

PROT CAP ARTIGOS P/PROTEÇÃO LTDA

 

11 6190-3300

RHODIA BRASIL LTDA

 

19  874-8140

SANCHEPEL IND PAULISTA DE EMBALAGENS LTDA

 

11 6131-2388

SOPETRA ROLAMENTOS E PEÇAS LTDA

 

11 3825-4322

TERPHANE LTDA

 

81 3521-7050

TREVOTECH COMERCIAL LTDA

 

11 6673-9412

VICK COM PLAST ISOLANTES LTDA

 

 

VITOPEL DO BRASIL

 

11 4977-7277

VOTOCEL FILMES FLEXÍVEIS LTDA

 

15  242-9990

 

FOREIGN SUPPLIERS:

COUNTRY:

 

BASF AKTIENGESELLSHAFT

GERMANY

 

FONDERIE CAVALLERI & C. S.P.A.

ITALY

 

ROHM AND HAAS COMPANY

USA

 

UCB FILMS PLC

UNITED KINGDOM

 

 

PAYMENT HISTORY:

 

24 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 1.963.632,00

 

AMOUNT OF INVOICES PAID: 174

TOTAL OF PROMPT PAYMENTS: 99,8%

TOTAL OF DELAYED PAYMENTS: 0,2%

 

HIGHEST INVOICE: R$ 142.295,00

HIGHEST CREDIT: R$ 142.295,00

 

FINAL OPINION

 

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

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.87

UK Pound

1

Rs.94.07

Euro

1

Rs.70.19

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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.