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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

505644

Report Date :

28.04.2018

 

 

IDENTIFICATION DETAILS

 

Name :

WEG EQUIPAMENTOS ELÉTRICOS SA

 

 

Registered Office :

Avenida Prefeito Waldemar Grubba, 3300 1°. Andar Vila Lalau 89256-900 - Jaraguá Do Sul/Sc

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2017

 

 

Date of Incorporation :

04.10.2004

 

 

Legal Form :

Privately Held Corporation

 

 

Line of Business :

Manufacture of Electric Motors, Generators and Transformers

 

 

No. of Employees :

13469

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

 

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Good

 

 

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

 

Country Name

                Previous Rating               

(30.09.2017)

Current Rating

(31.12.2017)

Brazil

A2

A2

 

Risk Category

 

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

BRAZIL - ECONOMIC OVERVIEW

 

Brazil is the eighth-largest economy in the world, but is recovering from a recession in 2015 and 2016 that ranks as the worst in the country’s history. Falling commodity prices reduced export revenues and investment, which weakened the Brazilian real and cut tax revenues. The weaker real made existing public debt, which was largely denominated in foreign currency, more expensive. Lower tax revenues strained the government budget.

 

Economic reforms, proposed in 2016, aim to slow the growth of government spending and reduce barriers to foreign investment. Government spending growth helped to push public debt to 78% of GDP at the end of 2017, up from 50% in 2012. Policies to strengthen Brazil’s workforce and industrial sector, such as local content requirements, may have boosted employment at the expense of investment.

 

Former President Dilma ROUSSEFF was impeached and convicted in August 2016 for moving funds among government budgets; the economy has also been affected by multiple corruption scandals involving private companies and government officials. Sanctions against the firms involved — some of the largest in Brazil — has limited their business opportunities, producing a ripple effect on associated businesses and contractors. In addition, investment in these companies has declined because of the scandals.

 

Brazil is a member of the Common Market of the South (Mercosur), a trade bloc including Argentina, Paraguay, Uruguay, and Venezuela. After the Asian and Russian financial crises, Mercosur adopted a protectionist stance to guard against exposure to the volatility of foreign markets. Brazil and its Mercosur partners have pledged to open the bloc to more trade and investment, but changes require approval of all five members, which makes policy adjustments too difficult to enact.

 

Source : CIA

 

 

Company name

 

WEG EQUIPAMENTOS ELÉTRICOS SA

 

 

ADDRESSES

 

MAIN ADDRESS:

AVENIDA PREFEITO WALDEMAR GRUBBA, 3300 1°. ANDAR VILA LALAU

ZIP CODE/CITY:

89256-900 - JARAGUÁ DO SUL/SC

 

 

PHONE:

47 3276-4000

E-MAIL:

robertos@weg.net

WEB SITE:

www.weg.net

 

 

ORRECT ADDRESS

THE CORRECT ADDRESS IS STATED AT THE CAPTION.

 

 

BRANCHES:

 

 

 

ADDRESS:

RUA DR. PEDRO ZIMMERMANN, 6751 - ITOUPAVA CENTRAL

ZIP CODE/CITY:

89068-001 BLUMENAU/SC

PHONE:

47 3276-4000

FAX:

47 3337-1090

CNPJ:

07.175.725/0015-65

STATE REGISTER:

255.085.672

 

 

ADDRESS:

AVENIDA PREFEITO WALDEMAR GRUBBA, 3000 - VILA LALAU

ZIP CODE/CITY:

89256-900 JARAGUÁ DO SUL/SC

PHONE:

47 3276-4000

FAX:

47 3276-4040

CNPJ:

07.175.725/0010-50

STATE REGISTER:

255.083.939

 

 

ADDRESS:

RODOVIA RS 20 KM 6,5 - NEOPOLIS

ZIP CODE/CITY:

GRAVATAI/RS

 

 

ADDRESS:

RUA VENANCIO DA SILVA PORTO, 399 INDUSTRIAL PARK I

ZIP CODE/CITY:

89252-230 JARAGUA DO SUL/SC

PHONE:

47 3276-4000

 

 

ADDRESS:

RUA ROSA ORSI DALÇOQUIO, 100 - CORDEIROS

ZIP CODE/CITY:

88311-720 ITAJAÍ/SC

CNPJ:

07.175.725/0004-02

STATE REGISTER:

255083548

 

 

ADDRESS:

RUA DOUTOR PEDRO ZIMMERMANN, 6751 BLOCO A ITOUPAVA CENTRAL

ZIP CODE/CITY:

89068-005 BLUMENAU/SC

CNPJ:

07.175.725/0014-84

 

THE COMPANY ALSO HAS OTHER BRANCHES LOCATED IN: ITAJAI, MACAE, GRAVATAI, HORTOLANDIA, RIBEIRAO PRETO, SAO BERNARDO DO CAMPO AND SAO PAULO.

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF ELECTRIC MOTORS, GENERATORS AND TRANSFORMERS

 

LEGAL FORM:

PRIVATELY HELD CORPORATION

 

 

INCORPORATION DATE:

04/10/2004

REGISTER DATE:

04/10/2004

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

07.175.725/0001-60

STATE REGISTER:

EXEMPT

 

 

SHARE CAPITAL:

R$ 3.082.979.624,46

 

BOARD OF DIRECTORS:

 

 

 

HARRY SCHMELZER JUNIOR

PRESIDENT DIRECTOR

ANDRE LUIS RODRIGUES

ADM./FINANCIAL DIRECTOR

ALDO FELIPE MANKE

DIRECTOR

ALESSANDRO AUGUSTO HERNANDEZ

DIRECTOR

ALFREDO ANGELO MORETTI

DIRECTOR

CARLOS DIETHER PRINZ

DIRECTOR

CARLOS JOSÉ BASTOS GRILLO

DIRECTOR

CLÉCIO FÁBIO ZUCCO

DIRECTOR

DANIEL MARTELETO GODINHO

DIRECTOR

EDUARDO DE NÓBREGA

DIRECTOR

FERNANDO CARDOSO GARCIA

DIRECTOR

HILTON JOSÉ DA VEIGA FARIA

DIRECTOR

JOAO PAULO GUALBERTO DA SILVA

DIRECTOR

JÚLIO CÉSAR RAMIRES

DIRECTOR

LUIS ALBERTO TIEFENSEE

DIRECTOR

LUIS GUSTAVO LOPES IENSEN

DIRECTOR

MANFRED PETER JOHANN

DIRECTOR

MILTON OSCAR CASTELLA

DIRECTOR

NERI MIGUEL VENTURI

DIRECTOR

PAULO GERALDO POLEZI

DIRECTOR

PAULO ROBERTO KRUEGER

DIRECTOR

REINALDO STUART JUNIOR

DIRECTOR

SIEGFRIED KREUTZFELD

DIRECTOR

VALTER LUIZ KNIHS

DIRECTOR

WANDAIR JOSÉ GARCIA

DIRECTOR

WILSON JOSÉ WATZKO

DIRECTOR

 

 

AUTHORIZED USE OF SIGNATURE

 

THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

WEG S/A

99,99%

WEG PARTNERS AEROGERADORES S/A

0,01%

 

AFFILIATES / SUBSIDIARIES:

 

 

 

A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS:

 

 

WEG INDUSTRIAS S.A.

 

WEG EXPORTADORA S.A.

 

WEG EQUIPAMIENTOS ELECTRICOS S.A. (ARGENTINA)

 

WEG GERMANY GMBH

 

WEG AUSTRALIA PTY. LTD.

 

WEG EUROPE S.A. (BÉLGICA)

 

WEG CHILE

 

WEG NANTONG ELETRIC MOTORS (CHINA)

 

WEG COLOMBIA

 

WEG IBERIA (ESPANHA)

 

WEG INDIA

 

WEG ELECTRIC MOTORS CORP. (EUA)

 

WEG FRANCE

 

WEG ELECTRIC MOTORS (U.K.) LTD

 

WEG ITALIA S.R.L.

 

WEG MEXICO, S.A. DE C.V.

 

WEG EURO INDUSTRIA ELECTRICA S.A.

 

WEG JAPAN CO., LTD.

 

WEG SCANDINAVIA AB (SUECIA)

 

WEG INDUSTRIAS VENEZUELA, C.A.

 

HIDRÁULICA INDUSTRIAL S/A INDUSTRIA E COMERCIO

 

WEG AMAZONIA S/A

 

SENSORES ELETRONICOS INSTRUTECH LTDA.

 

LOGOTECH SENSORES ELETRONICOS INDUSTRIA

 

WEG LINHARES EQUIPAMENTOS ELETRONICOS LTDA

 

CONSORCIO AREVA T&D/SUCESSO/WEG

 

CONSORCIO CAMARGO CORREA, WEG E SENIOR

 

LANCHONETE SANTOS REIS LTDA.

 

AUTO POSTO BUCAREIN LTDA

 

ROJEES ADMINISTRAÇÃO E PARTICIPAÇÃO LTDA

 

URBIS EMPREENDIMENTOS LTDA.

 

CAPITULO JOINVILLE AMORC

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON APRIL 10, 2004 AS WEG MAQUINAS SÃO BERNARDO LTDA TO BE ENGAGED IN THE SAID LINE OF BUSINESS. IN NOVEMBER 2005 THE COMPANY ADOPTED THE ABOVE-MENTIONED NAME AND CONCOMITANTLY ITS HEADQUARTERS WAS RELOCATED FORM THE CITY OF SÃO BERNARDO DO CAMPO TO THE ADDRESS AT THE CAPTION.

 

ON 20/12/1999 SUBJECT TOOK OVER WEG TRANSFORMADORES LTDA, CNPJ 82.642.521/0001-07.

 

ON JANUARY 02, 2006 THE COMPANY WEG INDUSTRIAS THROUGH GENERAL MEETING THE PARTIAL SPLITTING OF THE UNITIES RESPONSIBLE FOR INDUSTRIAL OPERATION OF ELECTRIC/ELECTRONIC EQUIPMENTS FROM ITS NET EQUITY.

 

ALSO AT THIS SAME DATE THE SUBJECT THROUGH GENERAL MEETING TO MERGE INTO ITS NET EQUITY THE SPLIT PART FROM WEG INDUSTRIAS, REPRESENTED BY ASSETS AND LIABILITIES OF THE UNITIES WEG MOTORES, WEG MÁQUINAS, WEG ACIONAMENTOS E WEG AUTOMAÇÃO.

 

"WEG MOTOR" IS ONE OF THE SUBJECT'S DIVISIONS.

 

ABOUT THE WEG GROUP:

 

THIS WAS WEG'S GREATEST ASSET IN 1961 WHEN WERNER RICARDO VOIGT, EGGON JOÃO DA SILVA AND GERALDO WERNINGHAUS STARTED TO PRODUCE ELECTRIC MOTORS IN JARAGUÁ DO SUL.

 

AT THAT TIME, TO PRODUCE ELECTRIC MOTORS IN A SMALL TOWN IN THE SOUTHERN STATE OF SANTA CATARINA LOOKED LIKE AN IDEA WITHOUT MAJOR PURPOSES. THE FIRST YEARS WERE MARKED BY HARD WORK IN ORDER TO TURN WEG'S NAME KNOWN ALONG WITH OFFERING RELIABLE QUALITY PRODUCTS.

 

IN SPITE OF THAT, SIGNIFICANT GROWTH WAS QUICKLY NOTICED. WEG MOTOR PRODUCTION JUMPED FROM 146 PIECES IN 1961 TO 4085 PIECES IN THE FOLLOWING YEAR. DEDICATED INITIALLY TO PRODUCTION OF ELECTRIC MOTORS, THE COMPANY STARTED EXPANDING ITS ACTIVITIES IN THE 80'S WITH THE PRODUCTION OF GENERATORS, ELECTRICAL COMPONENTS, INDUSTRIAL AUTOMATION PRODUCTS, POWER AND DISTRIBUTION TRANSFORMERS, LIQUID AND POWDER PAINTS AND ELECTROINSULATING VARNISHES.

 

TODAY WEG BECAME THE LARGEST LATIN AMERICAN ELECTRIC MOTORS MANUFACTURER AND IS PRESENT IN OVER 100 COUNTRIES IN THE FIVE CONTINENTS. ADDITIONALLY, THE COMPANY COUNTS ON STATE-OF-THE-ART MANUFACTURING PROCESSES ASSOCIATED WITH THE MOST DEMANDING TOTAL QUALITY PROGRAMS. MOSTLY IMPORTANT, THE COMPANY TODAY HAS THE SAME ASSET PHILOSOPHY AS IN 1961, WHICH IS BASED ON WORK AND DISCIPLINE, MULTIPLIED BY EACH OF ITS EMPLOYEES COMMITTED TO ULTIMATE CUSTOMER SATISFACTION.

 

IN 2009 THE SUBJECT TOOK OVER TRAFO EQUIPAMENTOS ELETRICOS S/A, WEG ITAJAÍ EQUIPAMENTOS ELÉTRICOS LTDA CNPJ 09.109.119/0001-71, AND WEG AUTOMAÇÃO S/A CNPJ 08.520.338/0001-86, WEG EXPORTADORA SA CNPJ 04.719.045/0001-71.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

PUBLIC INFORMATION:

 

LAWSUITS:

 

 

 

DATE:

COURT OF LAW:

 

1

MUNICIPAL LAWSUIT

10/12/13

VARA DE SP-PENÁPOLIS

 

 

FINANCIAL INFORMATION

 

GENERAL BALANCE SHEETS AS OF 31/12/2017, 31/12/2016 AND 31/12/2015.

( FIGURES ARE IN THOUSANDS OF REAIS ).

 

ASSETS

 

 

 

CURRENT:

31/12/2017

31/12/2016

31/12/2015

 

 

 

 

CASH AND BANKS

1.213.075

1.768.495

1.313.023

CLIENTS

932.690

1.140.400

1.047.608

INVENTORY

598.976

509.760

691.192

DIVIDENDS RECEIVABLES

2.777

8.966

3.911

RECOVERABLE TAXES

237.065

126.285

92.112

OTHER CREDITS

63.144

71.304

90.504

INVESTMENTS

981.329

977.465

1.157.644

DERIVATIVES OPERATIONS

8.575

15.165

 

 

----------------

----------------

----------------

TOTAL CURRENT ASSETS

4.037.631

4.617.840

4.395.994

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

INTERCOMPANY CREDITS

88.410

99.247

51.240

JUDICIAL DEPOSITS

29.434

27.798

29.858

RECOVERABLE TAXES

5.209

5.446

9.216

OTHER CREDITS

3.710

6

6.838

DERIVATIVES OPERATIONS

170.279

169.221

371.208

 

----------------

----------------

----------------

TOTAL LONG-TERM RECEIVABLES

297.042

301.718

468.360

 

FIXED ASSETS:

 

 

 

 

 

 

 

INVESTMENTS

4.052.437

3.455.597

3.567.144

FIXED ASSETS

1.314.777

1.374.614

1.495.455

INTANGIBLE

34.279

43.567

51.788

 

----------------

----------------

----------------

TOTAL FIXED ASSETS

5.401.493

4.873.778

5.114.387

 

================

================

================

TOTAL ASSETS

9.736.166

9.793.336

9.978.741

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2017

31/12/2016

31/12/2015

 

 

 

 

SUPPLIERS

288.994

246.675

167.593

LOANS AND FINANCING

1.666.262

739.213

715.868

TRIBUTARY OBLIGATIONS

141.351

143.384

124.439

INCOME TAX/SOCIAL CONTRIBUTION

 

 

7.147

DIVIDENDS

114.623

125.970

103.915

ADVANCE FROM CLIENTS

254.685

423.925

238.143

PROFIT SHARING

82.027

73.084

88.862

OTHER DEBTS

145.698

122.991

202.837

DERIVATIVES OPERATIONS

11.919

32.424

 

PROVISIONS

59.327

61.143

 

 

----------------

----------------

----------------

TOTAL CURRENT LIABILITIES

2.764.886

1.968.809

1.648.804

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

LOANS AND FINANCING

1.628.850

3.099.840

3.359.432

RELATED COMPANIES

253

531

147

PROVISION FOR CONTINGENCIES

399.237

336.277

247.138

DEFERRED TAXES

54.518

90.802

160.599

OTHER

48.735

46.660

64.748

DERIVATIVES OPERATIONS

32.204

42.526

 

 

----------------

----------------

----------------

TOTAL LONG TERM LIABILITIES

2.163.797

3.616.636

3.832.064

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

3.082.980

3.082.980

1.570.000

CAPITAL RESERVES

-81.934

-61.255

-61.617

OTHER COMPREHENSIVE INCOME

271.527

292.853

987.093

DIVIDENDS

58.377

145.000

205.000

PROFIT RESERVES

1.213.951

702.061

1.797.397

COMPREHENSIVE INCOME

262.582

46.252

 

 

----------------

----------------

----------------

TOTAL NET EQUITY

4.807.483

4.207.891

4.497.873

 

================

================

================

TOTAL LIABILITIES

9.736.166

9.793.336

9.978.741

 

PROFIT AND LOSS ACCOUNTS AS OF 31/12/2017, 31/12/2016 AND 31/12/2015.

( FIGURES ARE IN THOUSANDS OF REAIS ).

 

 

31/12/2017

31/12/2016

31/12/2015

 

 

 

 

GROSS SALES

4.802.236

4.625.356

5.077.989

 

----------------

----------------

----------------

NET SALES

4.802.236

4.625.356

5.077.989

(-) COST OF SOLD GOODS

3.790.289

3.833.544

3.915.442

 

----------------

----------------

----------------

GROSS PROFIT

1.011.947

791.812

1.162.547

OPERATING REVENUE (EXPENSE)

-14.323

83.921

-58.358

FINANCIAL REVENUE(EXPENSE)

-7.057

59.391

5.509

 

----------------

----------------

----------------

OPERATIONAL PROFIT (LOSS)

990.567

935.124

1.109.698

CONTRIBUTION/INCOME TAX

-39.625

-46.651

-72.222

 

----------------

----------------

----------------

NET PROFIT (LOSS)

950.942

888.473

1.037.476

 

RATIOS:

31/12/2017

31/12/2016

31/12/2015

 

QUICK RATIO

1,24

 

2,09

 

2,25

 

CURRENT RATIO

1,46

 

2,35

 

2,67

 

ACCOUNTS RECEIVABLE TURNOVER

5,15

TIMES

4,06

TIMES

4,85

TIMES

DAYS' SALES IN RECEIVABLES

69,92

DAYS

88,76

DAYS

74,27

DAYS

INVENTORY TURNOVER

6,33

TIMES

7,52

TIMES

5,66

TIMES

ACCOUNTS PAYABLE PERIOD

27,45

DAYS

23,16

DAYS

15,41

DAYS

RETURN ON ASSETS

,49

TIMES

,47

TIMES

,51

TIMES

SALES TURNOVER ON NET EQUITY

1,00

TIMES

1,10

TIMES

1,13

TIMES

NET WORTH TIE-UP

,27

 

,33

 

,33

 

INDEBTEDNESS

1,03

 

1,33

 

1,22

 

EQUITY RATIO

49,38

%

42,97

%

45,07

%

WORKING CAPITAL RATIO

46,03

%

134,55

%

166,62

%

GENERAL SOLVENCY

1,98

 

1,75

 

1,82

 

RETURN ON NET EQUITY

19,78

%

21,11

%

23,07

%

RETURN ON SALES (PROFIT MARGIN)

19,80

%

19,21

%

20,43

%

GROSS PROFIT MARGIN

21,07

%

17,12

%

22,89

%

OPERATIONAL RESULT

20,63

%

20,22

%

21,85

%

SALES TURNOVER ON LIABILITIES

1,74

TIMES

2,35

TIMES

3,08

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS.

 

THE FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING. DESPITE THE SOMEHOW HIGH LEVEL OF INDEBTEDNESS IT SHOWS GOOD LIQUIDITY RATIOS AND IMPORTANT WORKING CAPITAL, CONSIDERED SUFFICIENT TO COVER THE SHORT TERM DEBTS. ADDITION IT SHOWS SALES RECOVER BUT POSTED PROFIT.

 

IT IS WORTH COMMENTING THAT THE CONCERN HAS HUGE FINANCIAL POWER AND IS NOT LIKELY TO FACE FINANCIAL PROBLEMS AT ALL.

 

REAL ESTATE:

 

   OWNED PREMISES ARE VALUED AT R$ 530.986.267,00

 

VEHICLES:

 

   OWNED VEHICLES ARE VALUED AT R$ 5.032.444,00

 

MACHINES:

 

   OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 718.954.882,00

 

 

INSURANCE

 

COVERAGE:

OFFICES/WAREHOUSES /INDUSTRIAL PLANT: MATERIALS DAMAGE, FIRE, RAY, EXPLOSION, WINDSTORM, LOSS OF INC

VALUE:

R$ 89.365.000,00

REMARKS:

OBS: VALUE US$.

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

CITY:

BANCO BRADESCO S/A

2727-8

JARAGUA DO SUL/SC

BANCO DO NORDESTE DO BRASIL S/A

270

VITÓRIA /ES

ITAÚ UNIBANCO S/A

0862

JARAGUA DO SUL/SC

BANCO SANTANDER (BRASIL) S/A

2271

SÃO PAULO/SP

BANCO DO BRASIL S/A

3400-2

SÃO PAULO/SP

BANCO SAFRA S/A

0009

CURTIBA/PR

CAIXA ECONÔMICA FEDERAL

0417

JARAGUÁ DO SUL/SC

BANCO BANRISUL S/A

1018

JARAGUÁ DO SUL/SC

BANCO VOTORANTIM S/A

0001-9

SÃO PAULO/SP

BANCO PNP PARIBÁS BRASIL

0001

SÃO PAULO /SP

BANCO CITIBANK S/A

0010

CURITIBA/PR

BTG PACTUAL

002

SÃO PAULO /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").

 

 

ACTIVITIES COMMENTS

 

PRODUCTION, INDUSTRIALIZATION, SALE, RENDERING OF SERVICES, RESEARCH, DEVELOPMENT, EXPORT, IMPORT, REPRESENTATION, RENTING OF ELECTRIC MOTORS, ELECTRIC MACHINES, INDUSTRIAL ELECTRIC COMPONENTS, PROCESSES SYSTEMS, MANUFACTURING AUTOMATION, SPEED VARIATION SYSTEMS, SWITCHBOARDS, POWER AND DISTRIBUTION TRANSFORMERS.

 

IMPORT AND EXPORT:

 

   IMPORTS FROM: (US$)

2015.......................................120.528.606

2016........ ...............................88.238.711

2017.......................................106.680.311

 

   EXPORTS TO: (US$)

2015.......................................614.727.709

2016.......................................518.278.265

2017.......................................571.877.221

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

CITY:

 

CENTRAL EOLICA GARROTE S.A

ICAPUÍ /CE

 

CENTRAL EOLICA SANTO INACIO III S.A

ICAPUÍ /CE

 

CENTRAL EOLICA SANTO INACIO IV S.A

ICAPUÍ /CE

 

CIA PAULISTA DE FORÇA E LUZ CPFL

CAMPINAS/SP

 

DELTA 3 IV ENERGIA S/A

PAULINO NEVES /MA

 

 

FOREIGN CLIENTS:

COUNTRY:

 

DAL ELEKTRIK MOTORLARI & GUC AKT

ISTAMBUL, TURKEY

 

ELITENERGY GENERACION ELECTRICA SA

QUITO, ECUADOR

 

HIDROSTAL S.A

CHANCHAMAYO, PERU

 

RECORD ELECTRIC S.A

ASSUNÇÃO PARAGUAY

 

V.J. PAMENSKY CANADÁ

TORONTO, CANADÁ

 

 

STAFF:

 

THE COMPANY HAS: 13469 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS A WELL-ESTABLISHED SUBSIDIARY OF THE WEG GROUP, WHICH IS ONE OF THE BRAZIL'S LARGEST INDUSTRIAL GROUPS. SO FAR IT HAS A CLEAR TRADE HISTORY AND VERY GOOD 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 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.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

CITY:

 

AERIS IND COM EQUIPS PARA GERAÇÃO DE ENERGIA S/A

CAUCAIA/CE

 

APERAM INOX AMERICA DO SUL S.A

TIMÓTEO/MG

 

CDPC - CENTRO DE DISTRIBUIÇÃO DE AR

SANTO ANDRÉ/SP

 

IBRAME IND. BRASILEIRA DE METAIS

JOINVILLE/SC

 

SISTEMA USIMINAS

CUBATÃO/SP

 

 

FOREIGN SUPPLIERS:

COUNTRY:

 

SASSIN INTERNATIONAL ELECTRIC

SHANGHAI, CHINA

 

THYSSENKRUPP STEEL EUROPE

BOCHUM, GERMANY

 

 

PAYMENT HISTORY:

 

81 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 12.979.941,00

 

AMOUNT OF INVOICES PAID: 7112

TOTAL OF PROMPT PAYMENTS: 96,1%

TOTAL OF DELAYED PAYMENTS: 3,9%

 

HIGHEST INVOICE: R$ 712.571,00

HIGHEST CREDIT: R$ 1.084.588,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 90 DAYS:

 

---------------------------

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

12

559

R$ 410.075,96

DUE WITHIN 60 DAYS

4

142

R$ 177.607,70

DUE WITHIN 90 DAYS

1

1

R$ 41.512,80

ALL

13

702

R$ 629.196,46

 

 

FINAL OPINION

 

THE SUBJECT IS WELL-ESTABLISHED SUBSIDIARY OF THE WEG GROUP IN BUSINESS SINCE 2004 AND ALREADY SHOWING HIGH SCALE OF ACTIVITIES. UP TO DATE IT HAS A GOOD FINANCIAL STANDING, CLEAR TRADE HISTORY AND VERY 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

INR 66.78

UK Pound

1

INR 92.89

Euro

1

INR 80.74

BRL

1

INR 19.27

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

VAR

 

 

Report Prepared by :

TPT

 

 

RATING EXPLANATIONS

 

Credit Rating

 

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

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.