|
Report No. : |
322617 |
|
Report Date : |
16.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
CELULOSE IRANI S/A |
|
|
|
|
Registered Office : |
Rua General Joao ManoeL, 157 9º Andar - SALA 903 - Centro 90010-030 - Porto Alegre/Rs |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.03.2015 |
|
|
|
|
Date of Incorporation : |
06.06.1941 |
|
|
|
|
Legal Form : |
Publicly Held Corporation |
|
|
|
|
Line of Business : |
Manufacture and Trade of Paper, Fibrewood, Corrugated Cardboard Boxes,
Furniture and Sawn Wood. |
|
|
|
|
No. of Employee : |
2500 |
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 – 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 |
CELULOSE IRANI S/A
|
MAIN ADDRESS: |
RUA GENERAL JOÃO MANOEL,157 9º ANDAR - SALA 903 - CENTRO |
|
ZIP CODE/CITY: |
90010-030 - PORTO ALEGRE/RS |
|
|
|
|
PHONE: |
51 3220-3535 |
|
FAX: |
51 3220-3535 |
|
E-MAIL: |
export@irani.com.br |
|
WEB SITE: |
www.irani.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
VILA CAMPINA DA ALEGRIA - BR 153 - KM,47 |
|
ZIP CODE/CITY: |
89675-000 VARGEM BONITA/SC |
|
PHONE: |
49 3441-9000 |
|
CNPJ: |
92.791.243/0002-94 |
|
STATE REGISTER: |
250.168.464 |
|
|
|
|
ADDRESS: |
VILA CAMPINA REDONDA - BR 153 - KM,46 |
|
ZIP CODE/CITY: |
89675-000 VARGEM BONITA/SC |
|
PHONE: |
49 3456-1199 |
|
CNPJ: |
92.791.243/0007-07 |
|
STATE REGISTER: |
251.724.093 |
|
|
|
|
ADDRESS: |
ESTRADA DOS ROMEIROS 943 - KM 39,5 |
|
ZIP CODE/CITY: |
06500-000 SANTANA DE PARNAÍBA/SP |
|
PHONE: |
11 4154-8200 |
|
CNPJ: |
92.791.243/0011-85 |
|
STATE REGISTER: |
623.019.886.119 |
|
|
|
|
ADDRESS: |
VILA CAMPINA DA ALEGRIA - BR 153 - KM,47 |
|
ZIP CODE/CITY: |
89675-000 VAGEM BONITA/SC |
|
PHONE: |
49 3441-9000 |
|
CNPJ: |
92.791.243/0014-28 |
|
STATE REGISTER: |
254.148.182 |
|
|
|
|
ADDRESS: |
RUA FRANCISCO LINDNER,477 - CENTRO |
|
ZIP CODE/CITY: |
89600-000 JOAÇABA/SC |
|
PHONE: |
49 3527-5117 |
|
|
|
|
REQUESTED
ADDRESS: |
ESTRADA RS 040,
S/N, KM 92 |
|
ZIP CODE/CITY: |
36820-100
PINHAL/RS |
|
PHONE: |
51 3682-0100 |
|
THE COMPANY ALSO HAS BRANCHES LOCATED IN: VARGEM BONITA/SC AND MINAS GERAIS,
INDAIATUBA/SP, BALNEÁRIO PINHAL/RS AND SÃO JOSÉ DO NORTE/RS. IT ALSO HÁS
OFFICES IN SÃO PAULO - SP AND JOAÇABA - SC. |
|
MAIN ACTIVITIES: |
|
MANUFACTURE AND TRADE OF PAPER, FIBREWOOD, CORRUGATED CARDBOARD BOXES,
FURNITURE AND SAWN WOOD. |
|
LEGAL FORM: |
PUBLICLY HELD
CORPORATION |
|
|
|
|
INCORPORATION DATE: |
06/06/1941 |
|
REGISTER DATE: |
06/06/1941 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
92.791.243/0001-03 |
|
STATE REGISTER: |
096/2093572 |
|
|
|
|
SHARE CAPITAL: |
R$ 161.894.847,81 |
|
LAST REGISTER OF CAPITAL: |
23/04/2015 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
PERICLES PEREIRA DRUCK |
PRESIDENT DIRECTOR |
|
ODIVAN CARLOS CARGNIN |
INVESTORS RELATIONS DIRECTOR |
|
SÉRGIO LUIZ COTRIM RIBAS |
BUSINESS DIRECTOR |
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
IRANI PARTICIPAÇÕES S/A |
59,12% |
|
HABITASUL DESENVOLVIMENTOS IMOBILIÁRIOS S.A. |
16,57% |
|
COMPANHIA HABITASUL DE PARTICIPAÇÕES |
12,92% |
|
COMPANHIA COMERCIAL DE IMÓVEIS |
1,27% |
|
EMPRESA RIOGRANDENSE DESENV. URBANO LTDA |
0,10% |
|
CIACOI ADM DE IMOVEIS LTDA |
0,26% |
|
SHARES IN TREASURY |
0,02% |
|
OTHERS |
9,74% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
HABITASUL FLORESTAL S.A. |
100,0% |
|
IRANI TRADING S.A. |
99,98% |
|
MEU MÓVEL DE MADEIRA LTDA |
99,93% |
|
HGE - GERAÇÃO DE ENERGIA SUSTENTÁVEL |
99,98% |
|
CELULOSE IRANI IS A BRAZILIAN COMPANY FOUNDED IN 1941 BY THE SOCIEDADE
VINÍCOLA RIOGRANDENSE (A WINERY CORPORATION IN THE RIO GRANDE DO SUL STATE),
UNDER OWNERSHIP OF THE TRADITIONAL RIO GRANDE DO SUL FAMILIES, MANDELE,
PITTI, OLIVEIRA, AND VELLINHO. AT THE TIME, IT WAS GREETED AS THE SAVIOR OF
THE REGION OF JOAÇABA, IN THE STATE OF SANTA CATARINA, BECAUSE OF THE HUGE
FOREST RESERVE OF 400,000 PINES THAT ITS 32,000 HECTARES OF LAND SHELTERED. THE COMPANY DEVELOPED SATISFACTORILY IN THE FACE OF AN UNSTABLE
AGRICULTURAL AND INDUSTRIAL POLICY. STARTING IN 1992, IT UNDERWENT AN
IMPORTANT RESTRUCTURING PROCESS. BASED SOLELY ON THE OPTIMIZATION OF EXISTING MATERIAL AND HUMAN
RESOURCES, THAT RESTRUCTURING, IN 1994, HAD ALREADY TRIPLED PRODUCTIVITY PER EMPLOYEE
AND DOUBLED THE MONTHLY PRODUCTION VOLUME. TODAY, 59 YEARS OLD AND WITH A DAILY PRODUCTION OF 220 TONS, CELULOSE
IRANI IS ONE OF THE MOST IMPORTANT TAXPAYERS OF THE WESTERN REGION OF THE
STATE OF SANTA CATARINA. IT IS A REJUVENATED COMPANY WITH 30% OF THE
BRAZILIAN MARKET, LEADING THE SECTOR OF LOW GRAMMAGE KRAFT PAPER, MUCH VALUED
IN THE PACKAGING AND FOOD PRODUCTS SECTORS. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
1 |
STATE LAWSUIT |
31/12/10 |
2ª VARA DE PR-CURITIBA |
|
1 |
MUNICIPAL LAWSUIT |
09/05/13 |
VARA DE SP-BARUERI |
|
1 |
FEDERAL LAWSUIT |
11/01/11 |
VARA DE SP-BARUERI |
|
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 |
82.398 |
153.948 |
122.300 |
|
INVESTMENTS |
4.272 |
2.073 |
1.161 |
|
CLIENTS |
146.832 |
127.605 |
127.967 |
|
DIVIDENDS RECEIVABLES |
5.245 |
5.245 |
7.987 |
|
INVENTORY |
66.603 |
62.588 |
51.031 |
|
RECOVERABLE TAXES |
8.820 |
7.094 |
5.133 |
|
OTHER CREDITS |
32.257 |
28.676 |
9.956 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
346.427 |
387.229 |
325.535 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
BIOLOGICAL ASSETS |
99.959 |
101.114 |
146.638 |
|
INTERCOMPANY CREDITS |
1.107 |
1.093 |
1.005 |
|
RECOVERABLE TAXES |
3.408 |
3.625 |
3.207 |
|
JUDICIAL DEPOSITS |
1.264 |
1.136 |
628 |
|
ACCOUNTS RECEIVABLES |
2.513 |
2.430 |
6.692 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
108.251 |
109.398 |
158.170 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
271.750 |
265.528 |
349.221 |
|
FIXED ASSETS |
799.833 |
804.143 |
588.111 |
|
INTANGIBLE |
112.334 |
112.276 |
1.016 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
1.183.917 |
1.181.947 |
938.348 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
1.638.595 |
1.678.574 |
1.422.053 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/03/2015 |
31/12/2014 |
31/12/2013 |
|
|
|
|
|
|
SOCIAL / LABOR OBLIGATIONS |
33.827 |
40.240 |
30.261 |
|
SUPPLIERS |
78.215 |
80.383 |
121.325 |
|
TAX LIABILITIES |
23.996 |
22.332 |
16.426 |
|
BANKING DEBTS |
170.047 |
169.617 |
136.564 |
|
DIVIDENDS |
345 |
12.964 |
19.772 |
|
ADVANCE FROM CLIENTS |
7.362 |
1.995 |
562 |
|
OTHER DEBTS |
14.197 |
15.669 |
10.670 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
327.989 |
343.200 |
335.580 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
587.787 |
537.490 |
301.930 |
|
INSTALLMENTS TAXES PAYABLE |
3.197 |
3.635 |
1.560 |
|
TRIBUTARY OBLIGATIONS |
10.412 |
11.293 |
16.911 |
|
DEFERRED TAXES |
158.103 |
183.209 |
143.247 |
|
PROVISIONS |
28.836 |
32.398 |
33.908 |
|
DEBENTURES |
65.450 |
69.738 |
100.688 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
853.785 |
837.763 |
598.244 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
151.895 |
151.895 |
116.895 |
|
CAPITAL RESERVES |
960 |
960 |
960 |
|
PROFIT RESERVES |
171.464 |
166.139 |
151.280 |
|
OTHER COMPREHENSIVE INCOME |
132.502 |
178.617 |
219.094 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
456.821 |
497.611 |
488.229 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
1.638.595 |
1.678.574 |
1.422.053 |
|
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 |
180.432 |
666.347 |
575.365 |
|
(-) COST OF SOLD GOODS |
131.580 |
503.541 |
434.769 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
48.852 |
162.806 |
140.596 |
|
OPERATING REVENUE (EXPENSE) |
-23.431 |
-54.339 |
-22.082 |
|
FINANCIAL REVENUE(EXPENSE) |
-24.771 |
-59.234 |
-51.510 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
650 |
49.233 |
67.004 |
|
CONTRIBUTION/INCOME TAX |
2.480 |
7.346 |
404 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
3.130 |
56.579 |
67.408 |
|
RATIOS: |
31/03/2015 |
31/12/2014 |
31/12/2013 |
|
QUICK RATIO |
,85 |
|
,95 |
|
,82 |
|
|
CURRENT RATIO |
1,06 |
|
1,13 |
|
,97 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
1,23 |
TIMES |
5,22 |
TIMES |
4,50 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
73,24 |
DAYS |
68,94 |
DAYS |
80,07 |
DAYS |
|
INVENTORY TURNOVER |
1,98 |
TIMES |
8,05 |
TIMES |
8,52 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
53,50 |
DAYS |
57,47 |
DAYS |
100,46 |
DAYS |
|
RETURN ON ASSETS |
,11 |
TIMES |
,40 |
TIMES |
,40 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
,40 |
TIMES |
1,34 |
TIMES |
1,18 |
TIMES |
|
NET WORTH TIE-UP |
1,75 |
|
1,62 |
|
1,20 |
|
|
INDEBTEDNESS |
2,59 |
|
2,37 |
|
1,91 |
|
|
EQUITY RATIO |
27,88 |
% |
29,64 |
% |
34,33 |
% |
|
WORKING CAPITAL RATIO |
5,62 |
% |
12,83 |
% |
-2,99 |
% |
|
GENERAL SOLVENCY |
1,39 |
|
1,42 |
|
1,52 |
|
|
RETURN ON NET EQUITY |
,69 |
% |
11,37 |
% |
13,81 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
1,73 |
% |
8,49 |
% |
11,72 |
% |
|
GROSS PROFIT MARGIN |
27,08 |
% |
24,43 |
% |
24,44 |
% |
|
OPERATIONAL RESULT |
,36 |
% |
7,39 |
% |
11,65 |
% |
|
SALES TURNOVER ON LIABILITIES |
,55 |
TIMES |
1,94 |
TIMES |
1,71 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 3,01 |
- OFFICIAL RATE ON 13/05/2015 |
|
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 AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING.
THE LEVEL OF INDEBTEDNESS IS HIGH BUT IT IS NOTED SATISFACTORY CURRENT RATIO
AND POSITIVE WORKING CAPITAL AMOUNT. IN ADDITION IT SHOWS GROWING SALES AND
PROFITABILITY. THE QUARTERLY FIGURES FOR MARCH 2015 SHOW IMPROVEMENT IN THE
FINANCIALS. THE LEVEL OF INDEBTEDNESS KEEPS VERY HIGH BUT THE LIQUIDITY IS
ACCEPTABLE. IN ADDITION IT SHOWS GROWING SALES TREND AND OPERATIONS ARE
PROFITABLE. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 335.150.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 3.031.000,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 419.467.000,00
|
THE INSURANCE COVERAGE IS DETERMINED ACCORDING TO THE NATURE OF THE
ASSET RISKS, AND IS CONSIDERED SUFFICIENT TO COVER POSSIBLE LOSSES ARISING
FROM DAMAGES. AS AT MARCH 31, 2015, THE COMPANY HAD CORPORATE INSURANCE
AGAINST FIRE, LIGHTNING, EXPLOSION, ELECTRIC DAMAGES AND WINDSTORM FOR
PLANTS, RESIDENTIAL LOCATIONS AND OFFICES, INCLUDING GENERAL CIVIL LIABILITY
COVERAGE AND COVERAGE OF LIABILITIES OF OFFICERS AND DIRECTORS (D&O), IN
THE TOTAL AMOUNT OF R$ 469.490.000,00. THE COMPANY ALSO CONTRACTED GROUP LIFE
INSURANCE FOR EMPLOYEES WITH A MINIMUM COVERAGE OF 24X OVER SALARY OR A
MAXIMUM COVERAGE OF R$ 500, IN ADDITION TO INSURANCE FOR THE FLEET OF
VEHICLES AT MARKET VALUE. THE RISK ASSUMPTIONS ADOPTED, IN VIEW OF THEIR NATURE, ARE NOT PART OF
THE SCOPE OF THE AUDIT OR REVIEW OF THE FINANCIAL STATEMENTS AND, THEREFORE,
WERE NOT AUDITED/REVIEWED BY OUR INDEPENDENT AUDITORS. REGARDING FORESTS, THE COMPANY ASSESSED THE EXISTING RISKS AND ELECTED
NOT TO CONTRACT INSURANCE COVERAGE BECAUSE THE PREVENTIVE MEASURES AGAINST
FIRE AND OTHER FOREST RISKS HAVE PROVED EFFICIENT. MANAGEMENT UNDERSTANDS
THAT THE RISK MANAGEMENT STRUCTURE RELATED TO FOREST ACTIVITIES IS
APPROPRIATE TO ENSURE THE CONTINUITY OF THE COMPANY AS A GOING CONCERN. |
|
|
BRANCH/PHONE: |
|
|
BANCO DO BRASIL S/A |
010-8 |
|
|
BANCO BRADESCO S/A |
0433-2 |
|
|
BANCO SAFRA S/A |
400-9 |
|
|
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"). |
|
CELULOSE IRANI S.A. (THE "COMPANY") AND ITS SUBSIDIARIES
MANUFACTURE PAPER, CORRUGATED CARDBOARD PACKAGING, AND GUM ROSIN AND
TURPENTINE EXTRACTED FROM WOOD RESINS, AS WELL AS SALE OF FURNITURE
PREDOMINANTLY OF WOOD. THE COMPANY IS ALSO ENGAGED IN FORESTATION AND REFORESTATION
AND USE THE WOOD FROM THEIR OWN REFORESTATION AREAS. THE COMPANY DECIDED FOR THE CLOSURE OF FURNITURE MANUFACTURING
OPERATIONS AS WELL AS THE SELLING OF ITS ASSETS DUE TO CURRENT ECONOMIC
CONDITIONS OF THE FURNITURE MARKET FOR EXPORTS AND ALSO DUE TO THE SMALL
REPRESENTATIVENESS OF THIS BUSINESS IN THE GROSS REVENUE OF THE COMPANY, THAT
ACCOUNT FOR LESS THAN 3% IN THE FIRST HALF OF 2010. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
HOLLAND, ARGENTINA, SAUDI ARÁBIA, SOUTH AFRICA, FRANCE, PORTUGAL,
CHILE, PARAGUAY, NORWAY, PERU, TURKEY, INDIA, BOLIVIA, VENEZUELA, GERMANY,
UNITED ARAB EMIRATES AND COLOMBIA. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
CITY: |
|
|
ADAMI MADEIRAS S/A |
CAÇADOR/SC |
|
|
ADESI IND. COM. ADESIVOS LTDA |
ARAUCÁRIA/PR |
|
|
ALVACARIM CIA LTDA |
CASCAVEL/PR |
|
|
CURIPEL EMBALAGENS LTDA |
PORTO AMAZONAS/PR |
|
|
FRANGOSUL S/A |
MONTENEGRO/RS |
|
|
IMBALLAGGIO LTDA |
BELO HORIZONTE/MG |
|
|
INDÚSTRIA NACIONAL DE EMBALAGENS LTDA |
JABOATÃO DOS GUARARAPES/PE |
|
|
MOSCHETTI S/A |
CANOAS/RS |
|
|
SACOTEM EMBALAGENS LTDA |
PENAPOLIS/SP |
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SEEBER FASTIPLAS LTDA |
DIADEMA/SP |
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STRAPACK EMBALAGENS LTDA |
DIADEMA/SP |
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FOREIGN CLIENTS: |
COUNTRY: |
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AL -TRUYA FACTORY FOR AND PLASTIC |
SAUDI ARABIA |
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BAHAMDAIN EST. FRO TRADE CONT. AND IND. |
SAUDI ARABIA |
|
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BOLSI PAPELERA SARANDI S/A |
PARAGUAY |
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CENTRO SERVIZE CARTA SRL |
ITALY |
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CIA PAPELARIA SARANDI S/A |
ARGENTINA |
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DAIEI PAPERS CORP |
UNITED STATES |
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EDWARDS DUNLOP PAPER |
AUSTRALIA |
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INTERNATIONAL FORESTRY INDUSTRIE CC |
SOUTH AFRICA |
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NORSE PAPER A S |
NIGERIA |
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STAFF: |
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THE COMPANY HAS: 2500 EMPLOYEE(S) |
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THE SUBJECT IS AN OLD-ESTABLISHED COMPANY, OPERATING SINCE 1941. 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 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. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
CITY: |
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AÇOS GERAIS COMÉRCIO DE METAIS LTDA |
CACHOEIRINHA/SC |
|
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AGOROSE COM. APARAS DE PAPEIS LTDA |
CURITIBA/PR |
|
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ALBANY INT. FELTROS E TELAS IND. LTDA |
INDAIAL/SC |
|
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DALQUIM INDÚSTRIA QUÍMICA LTDA |
TRÊS BARRAS/RS |
|
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DOW QUÍMICA DO NORDESTE LTDA |
ITAJAÍ/SC |
|
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FERRAMENTAS GERAIS COM. IMPORT. S/A |
PORTO ALEGRE/RS |
|
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HERGEN S/A MÁQUINAS E EQUIPAMENTOS |
RIO DO SUL/SC |
|
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PETROBRAS DISTRIBUIDORA S/A |
ARAUCÁRIA/PR |
|
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VOITH S/A MÁQUINAS E EQUIPAMENTOS |
SÃO PAULO/SP |
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WEG INDÚSTRIA LTDA |
JARAGUÁ DO SUL/SC |
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PAYMENT HISTORY: |
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54 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 9.553.564,00 |
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AMOUNT OF INVOICES PAID: 1488 |
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TOTAL OF PROMPT PAYMENTS: 99,8% |
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TOTAL OF DELAYED PAYMENTS: 0,2% |
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|
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HIGHEST INVOICE: R$ 311.424,00 |
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HIGHEST CREDIT: R$ 344.424,00 |
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OUTSTANDING
INVOICES DUE WITHIN THE NEXT 90 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
11 |
42 |
R$ 98.644,92 |
|
DUE WITHIN 60 DAYS |
3 |
14 |
R$ 19.053,13 |
|
DUE WITHIN 90 DAYS |
1 |
2 |
R$ 788,97 |
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS.
UP TO DATE IT HAS A CLEAR TRADE HISTORY AND 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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.58 |
|
|
1 |
Rs.100.30 |
|
Euro |
1 |
Rs.72.38 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
SDA |
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.