|
Report No. : |
339001 |
|
Report Date : |
05.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
KEPLER WEBER INDUSTRIAL SA |
|
|
|
|
Registered Office : |
Rua Adolfo Kepler Junior,1500 - Distrito Industrial, 98280-000 -
Panambi/Rs |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
29.12.1980 |
|
|
|
|
Legal Form : |
Privately Held Corporation |
|
|
|
|
Line of Business : |
Manufacture and Trade and Assembling of Machines and Equipments for
Storage, Improvement, Transport and Industrialization of Solid Grains. |
|
|
|
|
No. of Employees : |
2122 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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.
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. 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. 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 re-election 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 |
KEPLER WEBER INDUSTRIAL SA
ADDRESSES:
|
|
MAIN ADDRESS: |
RUA ADOLFO KEPLER JUNIOR,1500 - DISTRITO INDUSTRIAL |
|
ZIP CODE/CITY: |
98280-000 - PANAMBI/RS |
|
|
|
|
PHONE: |
55 3375-9800 |
|
FAX: |
55 3375-9800 |
|
E-MAIL: |
financeiro.comex@kepler.com.br |
|
WEB SITE: |
www.kepler.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA HERMANN MEYER,43 |
|
ZIP CODE/CITY: |
PANAMBI/RS |
|
|
|
|
ADDRESS: |
RUA ANDARAÍ,566 - PASSO DA AREIA |
|
ZIP CODE/CITY: |
91350-110 PORTO ALEGRE/RS |
|
|
|
|
ADDRESS: |
AVENIDA ADOLFO KEPLER JUNIOR,1500 - SEDE |
|
ZIP CODE/CITY: |
98280-000 PANAMBI/RS |
|
CNPJ: |
87.288.940/0002-97 |
|
|
|
|
ADDRESS: |
ROD BR 262, S/N,0 - POLO INDUSTRIAL OESTE |
|
ZIP CODE/CITY: |
79108550 CAMPO GRANDE/MS |
|
PHONE: |
67 3368-9200 |
|
FAX: |
67 3368-9138 |
|
CNPJ: |
87.288.940/0031-21 |
LEGAL
DATA:
|
|
MAIN ACTIVITIES: |
|
MANUFACTURE AND TRADE AND ASSEMBLING OF MACHINES AND EQUIPMENTS FOR
STORAGE, IMPROVEMENT, TRANSPORT AND INDUSTRIALIZATION OF SOLID GRAINS. |
|
LEGAL FORM: |
PRIVATELY HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
29/12/1980 |
|
REGISTER DATE: |
29/12/1980 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
87.288.940/0001-06 |
|
STATE REGISTER: |
090/0016116 |
|
|
|
|
SHARE CAPITAL: |
R$ 267.950.082,00 |
|
BOARD OF DIRECTORS: |
|
|
|
|
|
ANASTACIO UBALDINO FERNANDES FILHO |
PRESIDENT DIRECTOR |
|
OLIVIER MICHEL COLAS |
DIRECTOR |
|
MANOEL PIRAGIBE TEIXEIRA JUNIOR |
DIRECTOR |
|
ANDRE LUIZ PAZ ACOSTA |
ADMINISTRATIVE DIRECTOR |
AUTHORIZED
USE OF SIGNATURE:
|
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS / PARTNERS: |
|
|
|
|
|
PREVI-CAIXA PREVIDENCIA DOS FUNCIONARIOS DO BANCO DO BRASIL |
17,48% |
|
BANCO DO BRASIL - BANCO DE INVESTIMENTOS S/A |
17,45% |
|
FERNANDO FRANCISCO BROCHADO HELLER |
13,00% |
|
BANCO CLASSICO |
9,94% |
|
GERAÇĂO FUTURO CORRETORA DE VALORES |
8,00 |
|
VICTOIRE BRASIL INV. ADM. RECURSOS + NORGES BAN |
9,45% |
|
MINORITÁRIOS |
24,68% |
|
AFFILIATES / SUBSIDIARIES: |
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS
HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
A. FERNANDES CONSULTORIA LTDA - ME |
|
|
KEPLER WEBER SA |
|
|
MGDK CONSULTORES ASSOCIADOS LTDA - ME |
|
|
RUE MADAME IMPORTACAO E EXPORTACAO LTDA |
|
|
ENTHECA CONSULTORIA E PARTICIPACOES LTDA |
|
|
K&C INDUSTRIA E COMERCIO PRODUTOS DESC |
|
COMPANY'S
BACKGROUND:
|
|
THE SUBJECT WAS ESTABLISHED IN DECEMBER 29, 1980 AS GKS COMPANHIA DE COMERCIO
EXTERIOR TO BE ENGAGED IN THE SAID LINE OF BUSINESS. LATER IS ALTERED TO
ABOVE-MENTIONED NAME AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. SUBJECT HAS BEEN AWARDED THE ISO 9001 CERTIFICATION BY THE BUREAU
VERITAS QUALITY INTERNATIONAL IMPORTANT REMARKS: THE SUBJECT'S PARENT COMPANY STATED THAT IN FULLFILLMENT TO THE
SECURITY AND EXCHANGE COMMISSION INSTRUCTION # 358, OF JANUARY 3, 2005,
ANNOUNCED TO ITS SHAREHOLDERS AND TO THE MARKET THAT, IN JUNE 04, 2007 FILED
WITH THE COMPETENT COURT, THE PETITION FOR BUSINESS REORGANIZATION OF KEPLER
WEBER S.A., KEPLER WEBER INDUSTRIAL S.A. AND KEPLER WEBER INOX LTDA., IN THE
TERMS OF THE LAW 11.101, OF FEBRUARY 09, 2005, AIMING AT PROVIDING CONDITIONS
TO OVERCOME THE CONTINGENCY ECONOMIC-FINANCIAL DIFFICULTIES BEING FACED BY
KEPLER WEBER S/A AND ITS SUBSIDIARIES, MAINTAINING THEM AS PRODUCTIVE
UNITIES, GENERATORS OF EMPLOYMENT AND TAX PAYERS, AND, CONCOMITANTLY, SUBMIT
TO ITS CREDITORS A RECOVERY PLAN THAT CONTEMPLATE A SCHEDULE OF PAYMENT OF
THE EXISTING DEBT, COMPATIBLE WITH THE CURRENT AVAILABLE RESOURCES, AS WELL
AS WITH THE COMPANIES' FUTURE. RESTRUCTURING DUE TO OUR RESTRUCTURING PROCESS, KEPLER WEBER S/A (HOLDING) EFFECTED
A SUBSTANTIAL CHANGE IN THEIR ECONOMIC-FINANCIAL SITUATION. THE CONVERSION OF
DEBTS INTO OWNERSHIP SHARES, ADDED TO THE PROVISION OF WORKING CAPITAL BY
SHAREHOLDERS AND DEBT EXTENSIONS LED KEPLER WEBER TO A FAVORABLE FINANCIAL
SITUATION. THERE WAS A SUBSTANTIAL SHIFT IN THE FINANCIAL POSITION OF THE
COMPANY, WHICH BESIDES DECREASING OUR FINANCIAL LIABILITIES, RESULTED IN A
SIGNIFICANT DEBT EXTENSION. THERE WAS A R$ 380 MILLION DECREASE IN CURRENT
LIABILITIES, WHILE LONG-TERM LIABILITIES INCREASED R$ 112 MILLION, THUS
RESULTING IN A R$ 268 MILLION NET DECREASE IN TOTAL LIABILITIES. IN ADDITION
TO THE TRANSFER OF CURRENT LIABILITIES INTO LONG-TERM ONES, THE RESTRUCTURING
PROVIDED R$ 110 MILLION IN RESOURCES THROUGH CONTROLLING SHAREHOLDERS AND R$
55 MILLION THROUGH MINORITY INVESTORS, WHICH RESULTED IN BETTER LIQUIDITY AND
CAPITALIZATION RATIOS FOR THE KEPLER WEBER GROUP. THE EXTENSION OF DEBTS AT LOWER COSTS TENDS TO DECREASE NET FINANCIAL
EXPENSES AND TRANSFER TO SHAREHOLDERS THE COMPENSATION PREVIOUSLY SENT TO
FINANCIAL AGENTS. THE RESULT INDICATORS PROVIDED AT THE END OF THIS CHAPTER
CLEARLY SHOW THE CHANGE IN THE EBITDA TREND CURVE, NEGATIVE UNTIL 2007, AND
WHICH DESPITE THE FINANCIAL RESTRUCTURING HAVING TAKEN PLACE ONLY IN THE
SECOND SEMESTER OF 2007, INDICATE THAT THE RESULTS WILL BE POSITIVE FOR 2008,
IN LINE WITH THE POSITIVE RESULT IN THE 4TH QUARTER OF 2007. OUR INCREASED FINANCIAL AVAILABILITIES AND EFFECTIVE INVENTORY
MANAGEMENT ARE ALSO EXPECTED TO BOOST POSITIVE RESULTS, GIVEN THEY MAKE IT
EASIER FOR US TO NEGOTIATE WITH SUPPLIERS AND DECREASE THE FINANCIAL RISKS
ASSOCIATED TO THE MAINTENANCE OF PHYSICAL AND FINANCIAL VOLUMES. IN SEPTEMBER 2007 VIA A RELEVANT FACT, KEPLER WEBER REPORTED THE
DETAILS OF THE INVESTMENT AND RESTRUCTURING AGREEMENT. AT THE TIME,
SHAREHOLDERS PREVI, BB INVESTIMENTO, AND SERPROS, OWNING 70.14% OF THE KEPLER
WEBER CAPITAL, CAPITALIZED THE TOTALITY OF THEIR CREDITS, REPRESENTED BY
PROMISSORY NOTES IN THE AMOUNT OF R$ 47
MILLION, AND PROVIDED NEW RESOURCES IN THE AMOUNT OF R$ 110 MILLION.
PREVI AND BB INVESTIMENTO WERE EACH RESPONSIBLE FOR R$ 45 MILLION, AND
SERPROS FOR R$ 20 MILLION. CREDITOR INSTITUTIONS - BANCO ITAÚ BBA, ABN AMRO REAL, ALFA DE
INVESTIMENTO, SANTANDER BANESPA, BANCO BBM, AND UNIBANCO - CONVERTED THEIR CREDITS
IN THE AMOUNT OF R$ 125 MILLION INTO SHARES. ADDITIONALLY, WE PAID R$ 36
MILLION TO THESE BANKS AS PART OF THE DEBT THEY OWE THEM. A SECOND GROUP OF
CREDITORS, COMPRISED OF BANCO DO BRASIL, BRADESCO, VOTORANTIM, HSBC, FINEP,
AND SAFRA - HOLDERS OF CREDITS IN THE TOTAL AMOUNT OF R$ 136 MILLION, WAS
PAID WITH RESOURCES FROM SIMPLE DEBENTURES, WHOSE ACQUISITION WAS GUARANTEED
BY BNDES, ALONG WITH A SUBSCRIPTION BONUS GUARANTEED BY THE CREDITOR BANKS,
THUS ENSURING THE COMPANY'S PERFORMANCE OF THE CONTRACTS. FURTHERMORE, THE
ALREADY EXISTING R$ 38 MILLION DEBT OWNED TO BNDES - FINEM, WAS EXTENDED IN
NINE YEARS, WITH A TWO-YEAR GRACE PERIOD. IN OCTOBER 2010 SUBJECT TOOK OVER KEPLER WEBER INOX LTDA. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
|
PUBLIC INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
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 |
257 |
10.678 |
54.328 |
|
CLIENTS |
90.557 |
43.430 |
50.586 |
|
INVENTORY |
157.509 |
160.354 |
85.311 |
|
RECOVERABLE TAXES |
35.587 |
15.412 |
16.692 |
|
OTHER CREDITS |
7.057 |
4.691 |
2.091 |
|
PRE PAID EXPENSES |
1.203 |
633 |
411 |
|
ADVANCE TO SUPPLIERS |
322 |
4.559 |
3.339 |
|
INVESTMENTS |
|
|
9.605 |
|
MARKETABLE SECURITIES |
103.805 |
83.332 |
30.848 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
396.297 |
323.089 |
253.211 |
|
LONG-TERM RECEIVABLES: |
|
|
|
|
|
|
|
|
|
JUDICIAL DEPOSITS |
2.695 |
3.358 |
2.729 |
|
RECOVERABLE TAXES |
750 |
2.355 |
2.780 |
|
DEFERRED TAXES |
88.554 |
75.585 |
74.480 |
|
MARKETABLE SECURITIES |
63.793 |
23.921 |
19.223 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
155.792 |
105.219 |
99.212 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
4 |
3 |
3 |
|
FIXED ASSETS |
192.365 |
159.021 |
151.439 |
|
INTANGIBLE |
27.924 |
14.470 |
5.483 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
220.293 |
173.494 |
156.925 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
772.382 |
601.802 |
509.348 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
SUPPLIERS |
29.920 |
44.042 |
30.129 |
|
LABOR OBLIGATIONS |
|
|
14.977 |
|
TAXES & CONTRIBUTIONS |
3.458 |
534 |
2.202 |
|
LOANS AND FINANCING |
37.769 |
13.842 |
12.880 |
|
COMMISSIONS DUE |
7.702 |
5.696 |
3.923 |
|
ADVANCE FROM CLIENTS |
113.269 |
67.127 |
35.421 |
|
INCOME TAX/SOCIAL CONTRIBUTION |
24.673 |
19.140 |
348 |
|
OTHER DEBTS |
7.186 |
7.205 |
9.227 |
|
DERIVATIVES OPERATIONS |
|
326 |
8 |
|
DEBT WITH RELATED PARTIES |
1.221 |
946 |
|
|
DIVIDENDS |
9.097 |
1.060 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
234.295 |
159.918 |
109.115 |
|
LONG TERM LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
68.626 |
43.998 |
44.204 |
|
PROVISIONS |
8.206 |
11.857 |
3.883 |
|
TRIBUTARY OBLIGATIONS |
|
|
5.816 |
|
RECOVERABLE TAXES |
1.812 |
1.882 |
|
|
TAXES AND CONTRIBUTIONS |
6.351 |
5.103 |
|
|
OTHER PROVISIONS |
94 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
85.089 |
62.840 |
53.903 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
267.950 |
267.950 |
267.950 |
|
CAPITAL RESERVES |
593 |
593 |
593 |
|
OTHER COMPREHENSIVE INCOME |
18.819 |
20.651 |
21.755 |
|
PROFIT RESERVES |
165.636 |
89.850 |
56.032 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
452.998 |
379.044 |
346.330 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
772.382 |
601.802 |
509.348 |
|
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 |
905.841 |
594.762 |
422.932 |
|
(-) COST OF SOLD GOODS |
687.921 |
432.847 |
328.229 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
217.920 |
161.915 |
94.703 |
|
OPERATING REVENUE (EXPENSE) |
-88.023 |
-86.011 |
-58.998 |
|
FINANCIAL REVENUE(EXPENSE) |
-2.204 |
1.544 |
1.798 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
127.693 |
77.448 |
37.503 |
|
CONTRIBUTION/INCOME TAX |
-6.646 |
-15.875 |
-3.406 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
121.047 |
61.573 |
34.097 |
|
MONTHLY SALES |
|||
|
|
2015 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 18.391.046,00 |
|
|
|
FEBRUARY |
R$ 46.152.512,00 |
|
|
|
MARCH |
R$ 54.947.630,00 |
|
|
|
APRIL |
R$ 59.824.706,00 |
|
|
|
MAY |
R$ 77.626.540,00 |
|
|
|
JUNE |
R$ 68.851.625,00 |
|
|
|
JULY |
|
|
|
|
AUGUST |
|
|
|
|
SEPTEMBER |
|
|
|
|
OCTOBER |
|
|
|
|
NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$ 325.794.059,00 |
|
|
|
RATIOS: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
QUICK RATIO |
1,02 |
|
1,02 |
|
1,54 |
|
|
CURRENT RATIO |
1,69 |
|
2,02 |
|
2,32 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
10,00 |
TIMES |
13,69 |
TIMES |
8,36 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
35,99 |
DAYS |
26,29 |
DAYS |
43,06 |
DAYS |
|
INVENTORY TURNOVER |
4,37 |
TIMES |
2,70 |
TIMES |
3,85 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
15,66 |
DAYS |
36,63 |
DAYS |
33,05 |
DAYS |
|
RETURN ON ASSETS |
1,17 |
TIMES |
,99 |
TIMES |
,83 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
2,00 |
TIMES |
1,57 |
TIMES |
1,22 |
TIMES |
|
NET WORTH TIE-UP |
,42 |
|
,42 |
|
,44 |
|
|
INDEBTEDNESS |
,71 |
|
,59 |
|
,47 |
|
|
EQUITY RATIO |
58,65 |
% |
62,98 |
% |
67,99 |
% |
|
WORKING CAPITAL RATIO |
69,14 |
% |
102,03 |
% |
132,06 |
% |
|
GENERAL SOLVENCY |
2,42 |
|
2,70 |
|
3,12 |
|
|
RETURN ON NET EQUITY |
26,72 |
% |
16,24 |
% |
9,85 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
13,36 |
% |
10,35 |
% |
8,06 |
% |
|
GROSS PROFIT MARGIN |
24,06 |
% |
27,22 |
% |
22,39 |
% |
|
OPERATIONAL RESULT |
14,10 |
% |
13,02 |
% |
8,87 |
% |
|
SALES TURNOVER ON LIABILITIES |
3,87 |
TIMES |
3,72 |
TIMES |
3,88 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 3,77 |
- OFFICIAL RATE ON 03/09/2015 |
|
US$ 1,00 = R$ 2,65 |
- OFFICIAL RATE ON 31/12/2014 |
|
US$ 1,00 = R$ 2,18 |
- OFFICIAL RATE ON 23/10/2013 |
|
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 FIGURES AVAILABLE SHOW A GOOD FINANCIAL STANDING. IT SHOWS GOOD
LIQUIDITY AND SATISFACTORY LEVEL OF INDEBTEDNESS. IN ADDITION, IT SHOWS
REMARKABLE GROWING SALES AND POSITIVE RESULTS. REMARK: THE SUBJECT'S GROUP VOLUNTARILY FILED A PETITION FOR BUSINESS
REORGANIZATION IN THE PAST. HOWEVER, AS SHOWN IN THE "COMPANY'S
BACKGROUND" SECTION THE GROUP'S HAS MANAGED THE SITUATION AND IS ALREADY
SHOWING IMPROVED RESULTS. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
30.918.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
250.000,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 90.226.000,00
INSURANCE:
|
|
THE SUBJECT IS SAID TO HOLD INSURANCE POLICIES BUT DETAILS WERE NOT
DISCLOSED. |
BANKING
REFERENCES:
|
|
|
BRANCH/PHONE: |
CITY: |
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BANCO DO BRASIL S/A |
3168-2 |
PORTO ALEGRE/RS |
|
BANCO BRADESCO S/A |
0268-2 |
PORTO ALEGRE/RS |
|
BANCO ITAUBANK S/A |
0003 |
PORTO ALEGRE/RS |
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BANCO ITAU S/A |
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BANCO SANTANDER BRASIL S/A |
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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: SEPTEMBER 03,2015. |
ACTIVITIES
COMMENTS:
|
|
SUBJECT IS ENGAGED IN THE MANUFACTURE AND TRADE AND ASSEMBLING OF
MACHINES AND EQUIPMENTS FOR STORAGE, IMPROVEMENT, TRANSPORT AND
INDUSTRIALIZATION OF SOLID GRAINS. |
|
IMPORT AND EXPORT: |
IMPORTS FROM:
|
USA, INDIA, ITALY, FRANCE, UNITED STATES, SPAIN AND GERMANY. |
EXPORTS TO:
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ARGENTINA, CHILE, PERU, URUGUAY, PARAGUAY, VENEZUELA, COLOMBIA,
PORTUGAL, CHINA, MEXICO ECUADOR AND DOMINICAN REPUBLIC. |
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MAIN CLIENTS: |
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DOMESTIC CLIENTS: |
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PHONE: |
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CARGIL |
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11 5099-3804 |
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CEEE |
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51 3382-4305 |
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CELESC-CENTRAIS DE SC |
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41 3331-2240 |
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COOP.AGROP. BATAVO |
|
43 3231-1241 |
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COOPERAVALE -COOP. AGRIC. VALE PIQUIRI |
|
44 3649-8181 |
|
COSAN |
|
19 430-2000 |
|
E. R. AGROP. LTDA |
|
61 9981-5444 |
|
ELETROSUL |
|
48 3231-7174 |
|
FIAGRIL AGROMERCANTIL |
|
65 3549-1933 |
|
GERALDO VALLIM E OUTROS |
|
62 3629-1352 |
|
PILECCO E CIA LTDA. |
|
55 3421-9000 |
|
SUL AMERICA ALIMENTOS S/A |
|
35 3691-2000 |
|
W. J. C. ARMAZENS GERAIS |
|
41 3317-1900 |
|
WILSON VAINI |
|
34 9984-6221 |
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STAFF: |
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|
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THE COMPANY HAS: 2122 EMPLOYEE(S) |
CONCEPT
AND FULFILMENT:
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THE SUBJECT WAS ESTABLISHED IN 1980. IT BELONGS TO A TRADITIONAL GROUP
WHICH HAS BEEN RECOVERING FROM A BUSINESS REORGANIZATION IT FILED A FEW YEARS
AGO. 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. |
|
MAIN SUPPLIERS: |
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|
|
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|
|
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DOMESTIC SUPPLIERS: |
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PHONE: |
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CIA NACIONAL PAULISTA (COSIPA) |
|
51 3328-3922 |
|
CIA SIDERURGICA NACIONAL |
|
21 545-1563 |
|
GERDAU |
|
51 3323-2000 |
|
OTAN VENTILADORES IDUSTRIAIS LTDA |
|
51 3364-5566 |
|
SEW DO BRASIL MOTORES REDUT. LTDA |
|
11 6480-6467 |
|
TINTAS RENNER S/A |
|
51 3489-1133 |
|
WEG S/A |
|
51 3474-1288 |
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PAYMENT HISTORY: |
|
24 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 7.987.705,00 |
|
|
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AMOUNT OF INVOICES PAID: 721 |
|
TOTAL OF PROMPT PAYMENTS: 91,9% |
|
TOTAL OF DELAYED PAYMENTS: 8,1% |
|
|
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HIGHEST INVOICE: R$ 355.431,00 |
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HIGHEST CREDIT: R$ 62.671,00 |
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|
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OUTSTANDING INVOICES DUE WITHIN THE NEXT 60 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
1 |
12 |
R$ 62.671,46 |
|
DUE WITHIN 60 DAYS |
1 |
1 |
R$ 24.362,96 |
FINAL
OPINION:
|
|
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.66.40 |
|
|
1 |
Rs.101.19 |
|
Euro |
1 |
Rs.73.89 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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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 |
|
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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 |
|
|
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.