|
Report No. : |
321445 |
|
Report Date : |
10.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
MAGNESITA REFRATÁRIOS S A |
|
|
|
|
Registered Office : |
Praça Louis Ensch, 240 - Cidade Industrial , 32210-050 - Contagem/Mg |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.03.2015 |
|
|
|
|
Date of Incorporation : |
26.12.2006 |
|
|
|
|
Legal Form : |
Publicly Held Corporation |
|
|
|
|
Line of Business : |
Manufacture of Refractory Ceramic Products. |
|
|
|
|
No. of Employees : |
Not Available |
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 : |
-- |
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 |
MAGNESITA
REFRATÁRIOS S A
ADDRESSES:
|
|
MAIN ADDRESS: |
PRAÇA LOUIS ENSCH, 240 - CIDADE INDUSTRIAL |
|
ZIP CODE/CITY: |
32210-050 - CONTAGEM/MG |
|
|
|
|
PHONE: |
31 3368-1016 |
|
FAX: |
31 3348-8566 |
|
E-MAIL: |
magnesita@magnesita.com.br |
|
WEB SITE: |
www.magnesita.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA BEGÔNIA, 169 - SETOR A - CAMPINA VERDE |
|
ZIP CODE/CITY: |
32150-350 CONTAGEM/MG |
|
|
|
|
ADDRESS: |
AVENIDA ALTINO ARANTES - S/Nº. LADO ESQUERDO JUNDIAPEBA |
|
ZIP CODE/CITY: |
08750-500 MOGI DAS CRUZES/SP |
|
|
|
|
ADDRESS: |
RUA JORNALISTA ZOLTAN GLUECK, 93 |
|
ZIP CODE/CITY: |
32210-090 CONTAGEM/MG |
|
|
|
|
ADDRESS: |
RUA APIO CARDOSO, 20 |
|
ZIP CODE/CITY: |
CONTAGEM/MG |
|
PHONE: |
31 3368-1870 |
|
|
|
|
ADDRESS: |
RUA DOUTOR EDUARDO DE SOUZA ARANHA, 387 5º ANDAR, CONJUNTO 51 E 52 -
VILA NOVA CONCEIÇÃO |
|
ZIP CODE/CITY: |
04543-121 SÃO PAULO/SP |
|
PHONE: |
11 3152-3202 |
|
CNPJ: |
08.684.547/0052-05 |
|
THE COMPANY ALSO HAS OTHER BRANCHES LOCATED IN: BRUMADO/BA, CONCEIÇÃO
DO PARÁ/MG, PONTA GROSSA/PR, BOM SUCESSO DE ITARARÉ/SP, MOGI DAS CRUZES/SP, ONÇA
DO PITANGUI/MG, ITAMARANDIBA/MG, UBERABA/MG, CUBATÃO/SP, POÇOS DE CALDAS/MG
AND JOÃO PINHEIRO/MG. |
LEGAL
DATA:
|
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF REFRACTORY CERAMIC PRODUCTS. |
|
LEGAL FORM: |
PUBLICLY HELD
CORPORATION |
|
|
|
|
INCORPORATION DATE: |
26/12/2006 |
|
REGISTER DATE: |
26/12/2006 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
08.684.547/0001-65 |
|
STATE REGISTER: |
001066066.00-16 |
|
|
|
|
SHARE CAPITAL: |
R$ 2.528.146.113,65 |
|
LAST REGISTER OF CAPITAL: |
22/02/2011 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
OCTAVIO CORTES PEREIRA LOPES |
PRESIDENT DIRECTOR |
|
EDUARDO GUARDIANO LEME GOTILLA |
INVESTORS RELATIONS DIRECTOR |
|
LUIS RODOLFO MARIANI BITTENCOURT |
DIRECTOR |
|
JOSÉ ANDRADE DE CASTRO ALVES |
DIRECTOR |
|
GILMAR FAVA CARRARA |
DIRECTOR |
|
OTÁVIO AUGUSTO CASTRO LUSTOSA NOGUEIRA |
DIRECTOR |
|
OTTO ALEXANDRE LEVY REIS |
DIRECTOR |
|
LUIZ GUSTAVO PERROTI ROSSATO |
DIRECTOR |
AUTHORIZED
USE OF SIGNATURE:
|
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
ALUMINA HOLDINGS, LLC |
31,30% |
|
REARDEN L HOLDINGS 3 A.S.R.L. |
7,42% |
|
GUEPARDO INVESTIMENTOS |
5,19% |
|
MAG FUNDO DE INV. EM PARTICIPAÇÕES |
3,37% |
|
GPCP4 - FUNDO DE INVESTIMENTOS EM PARTICIPAÇÕES |
0,40% |
|
THE BOSTON COMPANY ASSET MANAGEMENT LLC |
5,07% |
|
OTHERS |
47,25% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
ILIAMA II TRADING (SOCIEDADE UNIPESSOAL) LDA |
100,00% |
|
MAGNESITA GRUNDSTUCKS BETEILIGUNGS GMBH |
100,00% |
|
METAL DATA S.A. - MINERAÇÃO E METALURGIA |
50,00% |
|
MAGNESITA INSIDER REFRATÁRIOS LTDA. |
100,00% |
|
MAG-TEC LTDA. |
100,00% |
|
RASA - REFRACTARIOS ARGENTINOS S.A. I. C. Y M. |
100,00% |
|
REFRACTÁRIOS MAGNESITA COLÔMBIA S.A |
100,00% |
|
REFRACTÁRIOS MAGNESITA DEL PERU S.A.C. |
100,00% |
|
REFRACTÁRIOS MAGNESITA URUGUAY S.A. |
100,00% |
|
MAGNESITA FINANCE LTD |
100,00% |
|
MMD ARAÇUAÍ HOLDING LTDA. |
90,00% |
COMPANY'S
BACKGROUND:
|
|
RPAR HOLDING S/A WAS ESTABLISHED ON DECEMBER 26, 2006 TO BE A HOLDING
COMPANY. ON AUGUST 06, 2007 THE SHAREHOLDERS' MEETING APPROVED THE ALTERATION
OF THE SUBJECT'S CORPORATE NAME FROM SIBAÚMA PARTICIPAÇÕES S.A. TO RPAR
HOLDING S.A. AND THEN TO MAGNESITA REFRATARIOS S/A. FROM DECEMBER 11, 2006 TO SEPTEMBER 26, 2007 THE COMPANY DID NOT
GENERATE ANY REVENUE. ON SEPTEMBER 27, 2007 THE COMPANY COMPLETED THE ACQUISITION OF SHARES
OF 70,7% OF THE VOTING SHARE CAPITAL OF MAGNESITA S.A. AND 3,1% OF PREFERRED SHARES,
TOTALING 38,6% OF THE SHARE CAPITAL OF MAGNESITA S/A. IN DECEMBER 2007 THE SUBJECT CARRIED OUT A PUBLIC OFFERING TO ACQUIRE
COMMON SHARES OF DA MAGNESITA S.A., REPRESENTING 29,27% OF THE VOTING CAPITAL
AND 15,39% OF THE SOCIAL CAPITAL. ON FEBRUARY 20, 2008 THE COMPANY TOOK OVER ITS WHOLE-OWNED SUBSIDIARY
PARTIMAG S.A. ON FEBRUARY 21, 2008 THE COMPANY MAGNESITA REFRATARIOS S/A TOOK OVER
THE COMPANY MAGNESITA S.A. (FOUNDED ON JULY 13, 1940) CNPJ
19.791.268/0001-17. AND ADOPTED THE CURRENT CORPORATE NAME. ON APRIL 30, 2008 THE SUBJECT TOOK OVER THE FOLLOWING COMPANIES: IKERA INDUSTRIA E COMERCIO LTDA - CNPJ 18.751.883/0001-37; MAGNESITA SERVICE LTDA - CNPJ 20.466.512/0001-55; RISA - REFRATÁRIOS E ISOLANTES LTDA - CNPJ 19.791.334/0001-59; REFRATEC PRODUTOS ELETROFUNDIDOS LTDA - CNPJ 20.128.609/0001-58; REFRATEC PARTICIPAÇÕES LTDA - CNPJ 06.165.397/0001-58; SÃO JOSE ADMINISTRAÇÃO DE MATÉRIAS PRIMAS - CNPJ 60.681.160/0001-75; RISA MATERIAIS CERÂMICOS LTDA - CNPJ 07.886.734/0001-69. ON NOVEMBER 05, 2008 THE COMPANY TOOK OVER PURUS PARTICIPAÇÕES LTDA. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
PROTESTS: |
|
54 PROTESTS,TOTAL AMOUNT R$
108.245,74 |
|
DATE OF FIRST PROTEST:
DECEMBER/2012 R$ 375,00 |
|
DATE OF HIGHEST PROTEST:
JUNE/2015 R$ 12.313,35 |
|
DETAILS OF LATEST PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
1º CARTORIO DE RJ-RESENDE |
12/05/2015 |
R$ 44,10 |
|
1º CARTÓRIO DE SP-CUBATÃO |
02/06/2015 |
R$ 12.313,35 |
|
2º CARTÓRIO DE RJ-BARRA MANSA |
27/05/2015 |
R$ 255,78 |
|
1º CARTÓRIO DE SP-CUBATÃO |
12/05/2015 |
R$ 211,86 |
|
CARTÓRIO DE MG-CONTAGEM |
11/05/2015 |
R$ 586,04 |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
2 |
FEDERAL LAWSUITS |
07/10/14 |
3ª VARA DE MG-CONTAGEM |
|
4 |
STATE LAWSUITS |
26/06/14 |
VARA DE BA-BRUMADO |
|
3 |
MUNICIPAL LAWSUITS |
22/09/14 |
VARA DE SP-PIRACICABA |
FINANCIAL
INFORMATION:
|
|
GENERAL BALANCE SHEETS AS OF 31/03/2015, 31/12/2014 AND 31/12/2013. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/03/2015 |
31/12/2014 |
31/12/2013 |
|
|
|
|
|
|
CASH AND BANKS |
261.616 |
102.766 |
719.976 |
|
INVESTMENTS |
26.620 |
26.100 |
11.596 |
|
CLIENTS |
509.465 |
485.198 |
409.169 |
|
INVENTORY |
321.590 |
318.461 |
308.618 |
|
RECOVERABLE TAXES |
49.202 |
54.606 |
122.949 |
|
DISPOSAL OF REAL ESTATE |
|
|
5.018 |
|
OTHER CREDITS |
15.193 |
23.877 |
26.055 |
|
PRE PAID EXPENSES |
4.504 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
1.188.190 |
1.011.008 |
1.603.381 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
JUDICIAL DEPOSITS |
15.620 |
15.007 |
16.988 |
|
ACCOUNTS RECEIVABLES |
6.226 |
6.410 |
7.125 |
|
INTERCOMPANY CREDITS |
63.557 |
58.052 |
49.628 |
|
OTHER CREDITS |
52.739 |
49.278 |
16.391 |
|
DEFERRED TAXES |
|
485 |
|
|
INVESTMENTS |
3.266 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
141.408 |
129.232 |
90.132 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
1.937.282 |
1.894.130 |
1.471.635 |
|
FIXED ASSETS |
721.880 |
714.613 |
657.178 |
|
INTANGIBLE |
1.084.223 |
1.084.807 |
1.084.939 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
3.743.385 |
3.693.550 |
3.213.752 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
5.072.983 |
4.833.790 |
4.907.265 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/03/2015 |
31/12/2014 |
31/12/2013 |
|
|
|
|
|
|
LOANS AND FINANCING |
230.713 |
205.238 |
38.137 |
|
SUPPLIERS |
161.517 |
167.983 |
195.279 |
|
TAX LIABILITIES |
20.245 |
18.793 |
17.011 |
|
DIVIDENDS |
352 |
353 |
13.403 |
|
SOCIAL / LABOR OBLIGATIONS |
64.121 |
58.227 |
65.301 |
|
ACCOUNTS PAYABLE |
158.560 |
81.311 |
29.727 |
|
OTHER DEBTS |
|
31.486 |
40.306 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
635.508 |
563.391 |
399.164 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
1.400.912 |
1.266.849 |
1.367.129 |
|
PROVISIONS |
39.888 |
38.542 |
38.502 |
|
DEFERRED TAXES |
2.019 |
|
33.813 |
|
OTHER |
90.690 |
88.640 |
64.217 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
1.533.509 |
1.394.031 |
1.503.661 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
2.528.146 |
2.528.146 |
2.528.146 |
|
CAPITAL RESERVES |
213.923 |
213.649 |
234.794 |
|
PROFIT RESERVES |
23.199 |
23.199 |
119.008 |
|
COMPREHENSIVE INCOME |
165.798 |
111.374 |
122.492 |
|
ACCRUED PROFIT (LOSS) |
-27.100 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
2.903.966 |
2.876.368 |
3.004.440 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
5.072.983 |
4.833.790 |
4.907.265 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/03/2015, 31/12/2014 AND 31/12/2013. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
31/03/2015 |
31/12/2014 |
31/12/2013 |
|
|
|
|
|
|
NET SALES |
392.494 |
1.383.546 |
1.299.412 |
|
(-) COST OF SOLD GOODS |
261.399 |
970.563 |
858.328 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
131.095 |
412.983 |
441.084 |
|
OPERATING REVENUE (EXPENSE) |
-106.269 |
-425.709 |
-276.953 |
|
FINANCIAL REVENUE(EXPENSE) |
-47.246 |
-109.899 |
-88.660 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
-22.420 |
-122.625 |
75.471 |
|
CONTRIBUTION/INCOME TAX |
-4.680 |
26.816 |
-20.032 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
-27.100 |
-95.809 |
55.439 |
|
RATIOS: |
31/03/2015 |
31/12/2014 |
31/12/2013 |
|
QUICK RATIO |
1,36 |
|
1,23 |
|
3,24 |
|
|
CURRENT RATIO |
1,87 |
|
1,79 |
|
4,02 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
,77 |
TIMES |
2,85 |
TIMES |
3,18 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
116,82 |
DAYS |
126,25 |
DAYS |
113,36 |
DAYS |
|
INVENTORY TURNOVER |
,81 |
TIMES |
3,05 |
TIMES |
2,78 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
55,61 |
DAYS |
62,31 |
DAYS |
81,90 |
DAYS |
|
RETURN ON ASSETS |
,08 |
TIMES |
,29 |
TIMES |
,26 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
,14 |
TIMES |
,48 |
TIMES |
,43 |
TIMES |
|
NET WORTH TIE-UP |
,25 |
|
,25 |
|
,22 |
|
|
INDEBTEDNESS |
,75 |
|
,68 |
|
,63 |
|
|
EQUITY RATIO |
57,24 |
% |
59,51 |
% |
61,22 |
% |
|
WORKING CAPITAL RATIO |
86,97 |
% |
79,45 |
% |
301,68 |
% |
|
GENERAL SOLVENCY |
2,34 |
|
2,47 |
|
2,58 |
|
|
RETURN ON NET EQUITY |
-,93 |
% |
-3,33 |
% |
1,85 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
-6,90 |
% |
-6,92 |
% |
4,27 |
% |
|
GROSS PROFIT MARGIN |
33,40 |
% |
29,85 |
% |
33,94 |
% |
|
OPERATIONAL RESULT |
-5,71 |
% |
-8,86 |
% |
5,81 |
% |
|
SALES TURNOVER ON LIABILITIES |
,62 |
TIMES |
2,46 |
TIMES |
3,26 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 3,11 |
- OFFICIAL RATE ON 08/06/2015 |
|
US$ 1,00 = R$ 3,20 |
- OFFICIAL RATE ON 31/03/2015 |
|
US$ 1,00 = R$ 2,65 |
- OFFICIAL RATE ON 31/12/2014 |
|
US$ 1,00 = R$ 2,34 |
- OFFICIAL RATE ON 31/12/2013 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE ANNUAL FIGURES FOR 2014 A SATISFACTORY FINANCIAL STANDING. IT HAD
GOOD LIQUIDITY RATIOS AND GOOD WORKING CAPITAL, AS WELL AS ACCEPTABLE LEVEL
OF INDEBTEDNESS. SALES GREW BUT POSTED LOSS DUE TO THE HIGH OPERATING AND
FINANCIAL EXPENSES. THE QUARTERLY FIGURES FOR MARCH 2015 SHOW THAT THE INDEBTEDNESS KEEPS
ACCEPTABLE AND THE LIQUIDITY GOOD. IT SHOWS GROWING SALES TREND BUT THE HIGH
FINANCIAL EXPENSES DROVE THE COMPANY TO MAKE LOSS. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
486.544.000,00
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 565.851.000,00
INSURANCE:
|
|
THE COMPANY AND ITS SUBSIDIARIES HAVE INSURANCE POLICIES WHICH COVERS OPERATIONAL
RISKS OVER ITS INDUSTRIAL PLANTS, MACHINERY AND INVENTORIES. IT ALSO COVERS
CEASING PROFIT, FIRE, FLOODING AND OTHER EVENTS AS SHOWED ON MARCH 31, 2015. |
|
COVERAGE: |
INSURED AMOUNT |
|
VALUE: |
R$ 3.387.644.000,00 |
|
|
|
|
COVERAGE: |
CEASING PROFIT |
|
VALUE: |
R$ 973.033.000,00 |
|
|
|
|
COVERAGE: |
CIVIL LIABILITY |
|
VALUE: |
R$ 325.887.000,00 |
BANKING
REFERENCES:
|
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO BRADESCO S/A |
31 3361-7588 |
CONTAGEM/MG |
|
BANCO DO BRASIL S/A |
31 3248-7900 |
BELO HORIZONTE/MG |
|
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: JUNE 08, 2015. |
ACTIVITIES COMMENTS:
|
|
MANUFACTURE OF REFRACTORY CERAMIC PRODUCTS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
ARCELOR BRASIL |
|
|
|
CIA SIDERÚRGICA NACIONAL - CSN |
|
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CIA SIDERÚRGICA PAULISTA - COSIPA |
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GRUPO GERDAU |
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USINAS SID. DE MINAS GERAIS S/A - USIMINAS |
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STAFF: |
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NOT AVAILABLE |
CONCEPT
AND FULFILMENT:
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THE SUBJECT IS A WELL ESTABLISHED COMPANY BUT TOOK OVER THE ACTIVITIES
OF A COMPANY WHICH ACTIVITIES DATE BACK TO 1940. SO FAR IT HAS A CLEAR TRADE
HISTORY AND SATISFACTORY PAYMENT BEHAVIOR. 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 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 DO NOT AFFECT ITS
TRADE REPUTATION. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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ALCOA ALUMÍNIO S/A |
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ELFUSA GERAL DE ELETROFUSÃO LTDA |
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FERROVIA CENTRO ATLÂNTICA S/A |
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NACIONAL DE GRAFITE LTDA |
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PERSTORP DO BRASIL IND. E COM. LTDA |
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SAINT GOBAIN MATS. CERÂMICOS LTDA |
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PAYMENT HISTORY: |
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14 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 1.069.709,00 |
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AMOUNT OF INVOICES PAID: 478 |
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TOTAL OF PROMPT PAYMENTS: 68% |
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TOTAL OF DELAYED PAYMENTS: 32% |
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HIGHEST INVOICE: R$ 125.000,00 |
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HIGHEST CREDIT: R$ 125.000,00 |
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OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
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SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
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DUE WITHIN 30 DAYS |
4 |
31 |
R$ 78.102,33 |
FINAL
OPINION:
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY. IT SHOWS A CLEAR TRADE
HISTORY AND SATISFACTORY 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. HIGHER AMOUNTS CAN BE GRANTED DEPENDING ON THE IMPORTANCE OF THE
ACTIVITIES BEING 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.63.94 |
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1 |
Rs.98.27 |
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Euro |
1 |
Rs.72.37 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
TPT |
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 |
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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.