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Report No. : |
342383 |
|
Report Date : |
26.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
DANISCO BRASIL
LTDA |
|
|
|
|
Registered Office : |
Rodovia Raposo Tavares, S/Nº. KM 27,2 Caixa Postal 72 - Moinho Velho, 06707-000 - COTIA/SP |
|
|
|
|
Country : |
Brazil |
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|
|
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Date of Incorporation : |
06.02.1975 |
|
|
|
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Legal Form : |
Limited Liability Company |
|
|
|
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Line of Business : |
Producer of Food
Ingredients. |
|
|
|
|
No. of Employees : |
Not Available |
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 : |
No Complaints |
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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 |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 |
DANISCO BRASIL LTDA
|
MAIN ADDRESS: |
RODOVIA RAPOSO
TAVARES, S/Nº. KM 27,2 CAIXA POSTAL 72 - MOINHO VELHO |
|
ZIP CODE/CITY: |
06707-000 -
COTIA/SP |
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|
|
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PHONE: |
11 4613-3800 |
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FAX: |
11 4613-3800 |
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E-MAIL: |
janaisa.ribeiro@danisco.com |
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BRANCHES: |
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|
|
|
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ADDRESS: |
RUA JOÃO DE
ABREU,186 - JD. SANTA ROSA |
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ZIP CODE/CITY: |
19200-000
PIRAPOZINHO/SP |
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PHONE: |
18 3269-1763 |
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CNPJ: |
462.780.160-00 |
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STATE REGISTER: |
541.007.281.110 |
|
|
|
|
ADDRESS: |
ALAMEDA
ITAPECURU,506 - ALPHAVILLE |
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ZIP CODE/CITY: |
06454-080
BARUERI/SP |
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PHONE: |
11 4166-8260 |
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MAIN ACTIVITIES: |
|
PRODUCER OF
FOOD INGREDIENTS. |
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LEGAL FORM: |
LIMITED LIABILITY COMPANY |
|
|
|
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INCORPORATION
DATE: |
06/02/1975 |
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REGISTER DATE: |
18/02/1975 |
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BALANCE SHEET
FILING DATE: |
31/12 |
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TAX CONTRIBUTOR
NUMBER(CNPJ): |
46.278.016/0001-61 |
|
STATE REGISTER: |
278.060.661.113 |
|
|
|
|
SHARE CAPITAL: |
R$ 94.175.214,00 |
|
LAST REGISTER
OF CAPITAL: |
06/03/2015 |
|
BOARD OF DIRECTORS: |
|
|
|
|
|
ZACARIAS
KARACRISTO |
MANAGER |
|
FABIANA KLAJNER
LESCHZINER |
MANAGER |
|
KEYLLA
ELISANGELA RODRIGUES |
MANAGER |
|
MARCOS ROBERTO
SPINA RIBEIRO |
MANAGER |
|
RICARDO DE
ARNALDO SILVA VELLUTINI |
MANAGER |
|
ALEXANDRE DIP
HANNEMANN |
MANAGER |
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THE MANAGERS
ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS / PARTNERS: |
|
|
|
|
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DUPONT
NUTRITION BIOSCIENCES APS |
R$ 1,00 |
|
SOLAE DO BRASIL
HOLDINGS LTDA |
R$ 94.175.213,00 |
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AFFILIATES / SUBSIDIARIES: |
|
|
|
|
|
DANISCO GROUP |
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THE SUBJECT WAS
ESTABLISHED IN FEBRUARY 1975 TO BE ENGAGED IN THE SAID LINE OF BUSINESS. PREVIOUS
CORPORATE NAMES: - GRINDSTED DO BRASIL INDÚSTIA E COMÉRCIO
LTDA; - DANISCO INGREDIENTS BRASIL LTDA; - DANISCO CULTOR BRASIL LTDA. ON FEBRUARY 27,
2002 THE SUBJECT TOOK OVER THE COMPANY GERMANTOWN DO BRASIL INDUSTRIA E
COMERCIO LTDA. ON JUNE 22, 2006
THE SUBJECT TOOK OVER GENENCOR INTERNATIONAL DO BRASIL LTDA ON MAY 17, 2002
IT ALTERED TO ABOVE-MENTIONED NAME AND UP TO DATE IT IS STILL OPERATING
WITHIN THE GENERAL SCENE REPORTED HEREIN. SHAREHOLDERS /
MANAGERS: DUPONT NUTRITION BIOSCIENCES
APS: COMPANY ESTABLISHED ACCORDING TO THE LAWS OF DENMARK, HEADQUARTERED AT
LANGEBROGADE 1, DK-1001, COPENHAGEN, K, DINAMARCA, REPRESENTED BY ITS
ATTORNEY, MRS FABIANA KLAJNER LESCHZINER, BRAZILIAN, HOLDER OF DOCUMENTS,
CPF: 151.632.098-09, RESIDENTIAL ADDRESS AT ALAMEDA ITAPECURU, 506,
ALPHAVILLE, BARUERI - SP. SOLAE DO BRASIL
HOLDINGS LTDA: REGISTRATION NIRE 35227145631, HEADQUARTERED AT ALAMEDA
ITAPECURU, 506, BL B SL11, ALPHAVILLE, BARUERI - SP. ZACARIAS
KARACRISTO: BRAZILIAN, MARRIED, ENGINEER, HOLDER OF DOCUMENTS RG 11.708.470
AND CPF 059.159.948-14, WITH OFFICE AT RODOVIA RAPOSO TAVARES, KM 27,2,
MOINHO VELHO, ZIP CODE 06707-007, COTIA/SP. KEYLLA ELISANGELA
RODRIGUES, BRAZILIAN, HOLDER OF DOCUMENTS, CPF: 949.375.756-00, RG/RNE:
367777083 - SP, RESIDENTIAL ADDRESS AT À RODOVIA RAPOSO TAVARES, KM 27,2,
MOINHO VELHO, SAO PAULO - SP. MARCOS ROBERTO
SPINA RIBEIRO, BRAZILIAN, HOLDER OF DOCUMENTS, CPF: 082.390.368-05, RG/RNE:
15143976X - SP, RESIDENTIAL ADDRESS AT À ALAMEDA ITAPECURU, 506, ALPHAVILLE,
BARUERI - SP. RICARDO DE
ARNALDO SILVA VELLUTINI, BRAZILIAN, HOLDER OF DOCUMENTS, CPF: 147.738.548-71,
RG/RNE: 55050888 - SP, RESIDENTIAL ADDRESS AT ALAMEDA ITAPECURU, 506,
ALPHAVILLE, BARUERI - SP. ALEXANDRE DIP
HANNEMANN, BRAZILIAN, HOLDER OF DOCUMENTS, CPF: 280.295.278-10, RG/RNE:
173727 - SP, RESIDENTIAL ADDRESS AT ALAMEDA ITAPECURU, 506, ALPHAVILLE,
BARUERI - SP. FURTHER DETAILS
ARE SO FAR NOT KNOWN. REMARKS: -------- ALL THE CONTACTS
WERE MADE AT THE GROUP'S FINANCIAL DEPT. LOCATED AT THE SISTER COMPANY
"DU PONT DO BRASIL S/A", LOCATED AT ALAMEDA ITAPICURU, 506, CEP
06454-080, BARUERI/SP, PHONE: (11) 4166-8000. WHEN CONTACTING
THE SUBJECT WE INTERVIEWED MS. JANAINA, FINANCIAL 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: |
|
01 PROTEST,
AMOUNT R$ 5.527,27 |
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DETAILS OF PROTEST:
|
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
1º CARTÓRIO DE
COTIA/SP |
24/07/2015 |
R$ 5.527,27 |
|
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$
4,19 |
- OFFICIAL RATE ON 24/09/2015 |
|
COMMENTS ON THE FINANCIAL INFORMATION: |
|
DESPITE THE
ABSENCE OF FINANCIAL INFORMATION ABOUT THE SUBJECT, IT IS A SUBSIDIARY OF A
LARGE-SIZED EUROPEAN COMPANY AND THUS IT IS NOT LIKELY TO FACE FINANCIAL
PROBLEMS. |
|
REAL ESTATE: |
NOT AVAILABLE
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VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
|
NOT AVAILABLE. |
|
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BRANCH/PHONE: |
CITY: |
|
BANCO BRADESCO
S/A |
11 4787-3144 |
TABOÃO DA
SERRA/SP |
|
BANCO DO BRASIL
S/A |
11 3684-0011 |
TABOÃO DA
SERRA/SP |
|
BANCO CITIBANK
S/A |
11 5582-6925 |
SÃO PAULO/SP |
|
BANCO ITAÚ S/A |
11 4004-1611 |
TABOÃO DA
SERRA/SP |
|
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"). |
|
DANISCO IS ONE OF
THE WORLD'S LARGEST PRODUCERS OF FOOD INGREDIENTS OFFERING A COMPLETE PRODUCT
PORTFOLIO, INCLUDING A WIDE RANGE OF INGREDIENTS MADE FROM NATURAL RAW
MATERIALS. DANISCO IS ALSO A LEADING SUPPLIER OF SPECIALTY SWEETENERS AND
RANKS AMONG THE MOST EFFICIENT SUGAR PRODUCERS IN EUROPE. THE FOLLOWING ARE
THE DANISCO'S BUSINESSES: INGREDIENTS SWEETENERS SUGAR SEED VENTURE ASSOCIATED
BUSINESS OTHER BUSINESS |
|
IMPORT AND EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
NOT AVAILABLE. |
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MAIN CLIENTS: |
|
|
|
|
|
|
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DOMESTIC CLIENTS: |
CITY: |
PHONE: |
|
BUNGE ALIMENTOS
S/A |
SAO PAULO/SP |
11 3741-2300 |
|
CIA LECO DE
PRODUTOS ALIMENTÍCIOS |
|
11 6099-5699 |
|
DUAS RODAS
INDUSTRIAL LTDA |
|
47 372-9000 |
|
J. MACEDO
ALIMENTOS NORDESTE S/A |
|
85 266-5555 |
|
M. DIAS BRANCO
S/A COMÉRCIO E INDÚSTRIA |
|
85 216-5591 |
|
NESTLE BRASIL
LTDA |
SÃO PAULO/SP |
11 5508-8574 |
|
PANDURATA ALIMENTOS
LTDA |
|
11 6421-9561 |
|
PARMALAT BRASIL
S/A IND DE ALIMENTOS |
|
11 3848-2209 |
|
SADIA S/A |
|
11 2113-1940 |
|
UNILEVER FAST
FOOD BRASIL LTDA |
SÃO PAULO/SP |
11 3703-7062 |
|
VIA ALIMENTOS
LTDA |
|
11 215-9511 |
|
STAFF: |
|
|
|
NOT AVAILABLE |
|
THE SUBJECT IS A
WELL-ESTABLISHED COMPANY, OPERATING SINCE 1975. IT IS SUBSIDIARY OF ONE OF
THE LARGEST EUROPEAN COMPANIES IN ITS LINE OF BUSINESSES. SO FAR IT HAS A CLEAR
TRADE HISTORY AND NORMAL PAYMENT BEHAVIOUR AND KEEPS ENJOYING A FAVORABLE
REPUTATION AMONG LOCAL TRADE SOURCES. 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 PROTEST
FOUND IS NOT RELEVANT. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC SUPPLIERS: |
CITY: |
PHONE: |
|
A AZEVEDO IND E
COM OLEOS LTDAQ |
|
11 5181-7751 |
|
FLORA FABRIL |
|
61 623-1800 |
|
MERCK S/A |
|
11 3346-8636 |
|
NEWSUL
EMBALAGENS LTDA |
|
54 2102-9100 |
|
NEWSUL
EMBALAGENS LTDA |
BENTO
GONÇALVES/RS |
11 3021-4844 |
|
RHODIA ACETOW
BRASIL LTDA |
|
11 4997-4484 |
|
RHODIA
POLIAMIDA E ESPECIALIDADES LTDA |
SANTO ANDRE/SP |
11 4977-4333 |
|
TANSAN DO
BRASIL INDÚSTRIA QUÍMICA LTDA |
|
11 4196-5522 |
|
TRIÂNGULO
ALIMENOS LTDA |
ITAPOLIS/SP |
16 3263-9000 |
|
VERONESE E CIA
LTDA |
CAXIAS DO
SUL/RS |
54 228-1377 |
|
PAYMENT HISTORY: |
|
13 SUPPLIERS REPORTED
PAYMENTS: |
|
TOTAL AMOUNT: R$ 585.707,00 |
|
|
|
AMOUNT OF
INVOICES PAID: 31 |
|
TOTAL OF PROMPT
PAYMENTS: 97,9% |
|
TOTAL OF
DELAYED PAYMENTS: 2,1% |
|
|
|
HIGHEST
INVOICE: R$ 94.940,00 |
|
HIGHEST CREDIT:
R$ 94.940,00 |
|
|
|
OUTSTANDING INVOICES DUE WITHIN THE NEXT
30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30
DAYS |
1 |
1 |
R$ 679,00 |
|
THE SUBJECT IS A WELL-ESTABLISHED
COMPANY IN BUSINESS FOR SEVERAL YEARS. IT IS SUBSIDIARY OF A EUROPEAN COMPANY
WITH HUGE FINANCIAL POWER, OPERATING WITH CLEAR TRADE HISTORY AND GOOD
PAYMENT BEHAVIOUR. BASED ON THE
OVERALL DATA AVAILABLE THE SUBJECT MAY BE CONSIDERED FOR NORMAL BUSINESS
COMMITMENTS. CREDIT FACILITIES HOWEVER SHOULD BE GRANTED ON SECURED TERMS
ONLY DUE TO THE ABSENCE OF FINANCIAL DATA. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.10 |
|
|
1 |
Rs.100.89 |
|
Euro |
1 |
Rs.73.96 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
NIT |
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.