|
|
|
MIRA
INFORM REPORT
|
Report No. : |
489899 |
|
Report Date : |
10.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
SIEMENS LTDA. |
|
|
|
|
Registered Office : |
Avenida
Mutinga, 3800 – Pirituba, 05110-902 - São Paulo/Sp |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
30.09.2017 |
|
|
|
|
Date of Incorporation : |
26.07.1922 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of electro technical, industrial electronic,
telecommunication, tele-computing equipment, parts and accessories |
|
|
|
|
No. of Employees : |
3760 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
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 (30.06.2017) |
Current Rating (30.09.2017) |
|
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
|
SIEMENS
LTDA. |
ADDRESSES |
|
MAIN ADDRESS: |
AVENIDA
MUTINGA, 3800 - PIRITUBA |
|
ZIP
CODE/CITY: |
05110-902
- SÃO PAULO/SP |
|
|
|
|
PHONE: |
11
3908-3235 |
|
E-MAIL: |
glauco.polo@siemens.com.br |
|
WEB
SITE: |
www.siemens.com.br |
|
INQUIRY
DETAILS: |
|
|
|
|
|
GIVEN ADDRESS |
AV
ENG JOAO F G MOLINA 1745 CEP: 1321-080 JUNDIAI SÃO PAULO SP |
|
CORRECT
ADDRESS |
THE CORRECT ADDRESS IS STATED AT THE CAPTION. |
|
|
|
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
AVENIDA
ENGENHEIRO JOÃO FERNANDES GIMENES MOLINA, 1745 |
|
ZIP
CODE/CITY: |
13213-080
JUNDIAÍ/SP |
|
PHONE: |
11
4585-2000 |
|
FAX: |
11
4585-2020 |
|
CNPJ: |
44.013.159/0031-31 |
|
|
|
|
ADDRESS: |
RUA
WERNER SIEMENS, 111 |
|
ZIP
CODE/CITY: |
05069-900
SÃO PAULO/SP |
|
PHONE: |
3619-9000 |
|
CNPJ: |
440131590 |
|
|
|
|
ADDRESS: |
RUA
ARTHUR DE AZEVEDO MACHADO, 1225 - COSTA AZUL |
|
ZIP
CODE/CITY: |
41770-790
SALVADOR/BA |
|
CNPJ: |
44.013.159/0010-07 |
|
|
|
|
ADDRESS: |
RUA
SIRIRI, 513 - SALA A, 513 A - CENTRO |
|
ZIP
CODE/CITY: |
49010-450
ARACAJU/SE |
|
CNPJ: |
44.013.159/0053-47 |
|
|
|
|
ADDRESS: |
RUA
TUPIS, 1541 - BARRO PRETO |
|
ZIP
CODE/CITY: |
30190-062
BELO HORIZONTE/MG |
|
CNPJ: |
44.013.159/0008-92 |
|
|
|
|
ADDRESS: |
RUA
PEDRO GUSSSO, 2635 ALA C - CIDADE INDUSTRIAL |
|
ZIP
CODE/CITY: |
81310-900
CURITIBA/PR |
|
CNPJ: |
440.131.590-01 |
|
|
|
|
ADDRESS: |
VIA
ESPRESSA DE CONTAGEM, 2685 - NOVO ELDORADO |
|
ZIP
CODE/CITY: |
32370-485
CONTAGEM/MG |
|
PHONE: |
31
3391-5959 |
|
|
|
|
ADDRESS: |
RUA
GERSON BENEDITO DE ASSIS, 281 - DISTRITO INDUSTRIAL |
|
ZIP
CODE/CITY: |
13213-081
JUNDIAÍ/SP |
|
CNPJ: |
44.013.159/0080-10 |
|
|
|
|
ADDRESS: |
RUA
CENNO SBRIGHI, 45, 5º E 6º ANDARES - AGUA BRANCA |
|
ZIP
CODE/CITY: |
05036-010
SÃO PAULO/SP |
|
CNPJ: |
440131590 |
|
|
|
|
ADDRESS: |
RUA
DOUTOR BUENO, 148 SALA 204 - CENTRO |
|
ZIP
CODE/CITY: |
27913-190
MACAE/RJ |
|
|
|
|
ADDRESS: |
RODOVIA
DOM GABRIEL PAULINO BUENO COUTO, S/Nº. KM 80,24 GLEBA B - BAIRRO PINHAL |
|
ZIP
CODE/CITY: |
13315-000
CABREÚVA/SP |
|
CNPJ: |
44.013.159/0077-14 |
|
THE
COMPANY ALSO HAS OTHER BRANCHES LOCATED IN:
BELO HORIZONTE/MG, BRASÍLIA/DF, CAMPINAS/SP, CURITIBA/PR,
FLORIANOPOLIS/SC, FORTALEZA/CE, JOÃO PESSOA/PB, JUNDIAI/SP, MACEIO/AL, NATAL,
RN, RECIFE/PE, RIBEIRÃO PRETO/SP, SANTOS/SP, SALTO/SP AND SÃO PAULO/SP. |
LEGAL DATA |
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF ELECTRO TECHNICAL, INDUSTRIAL
ELECTRONIC, TELECOMMUNICATION, TELE-COMPUTING EQUIPMENT, PARTS AND
ACCESSORIES. |
|
LEGAL FORM: |
LIMITED LIABILITY COMPANY |
|
|
|
|
INCORPORATION
DATE: |
26/07/1922 |
|
REGISTER
DATE: |
31/07/1922 |
|
BALANCE
SHEET FILING DATE: |
30/09 |
|
TAX
CONTRIBUTOR NUMBER(CNPJ): |
44.013.159/0001-16 |
|
STATE
REGISTER: |
103.804.705.112 |
|
|
|
|
SHARE
CAPITAL: |
R$
636.746.163,00 |
|
LAST
REGISTER OF CAPITAL: |
28/12/2017 |
|
BOARD OF DIRECTORS: |
|
|
|
|
|
ANDRE
CLARK JULIANO |
PRESIDENT
DIRECTOR |
|
MARTIN
KERKHOFF |
VICE-PRESIDENT
DIRECTOR |
|
LUIS
FELIPE GATTO MOSQUERA |
LEGAL
DIRECTOR |
|
RENATO
CORTE BRILHO BUSELLI |
BUSINESS
DIRECTOR |
|
GUILHERME
VIEIRA DE MENDONÇA |
BUSINESS
DIRECTOR |
AUTHORIZED USE OF SIGNATURE |
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF
THE COMPANY. |
|
SHAREHOLDERS / PARTNERS: |
|
|
|
|
|
SIEMENS INTERNATIONAL HOLDING B.V. (HOLLAND) |
R$
636.738.526,00 |
|
SIEMENS
AKTIENGESELLSCHAFT |
R$
7.637,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT
AND/OR DIRECTORS HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
|
|
|
CHEMTECH
SERVIÇOS DE ENGENHARIA E SOFTWARE LTDA. |
|
|
IRIEL
INDÚSTRIA E COMÉRCIO DE SISTEMAS ELÉTRICOS LTDA. |
|
|
MWB
(SHANGHAI) CO. LTD. |
|
|
OSRAM
DO BRASIL LÂMPADAS ELÉTRICAS LTDA. |
|
|
S´INDUSTRY,
INC., WILMINGTON |
|
|
SEI (US) - OIL&GAS (PT2) |
|
|
SEI
(US) - TRANSMISSION (PPR) |
|
|
SIEMENS
AG |
|
|
SIEMENS
AS, OSLO - NORWAY |
|
|
SIEMENS
BOGOTÁ |
|
|
SIEMENS
CANADA, (RG KAN) |
|
|
SIEMENS
CARACAS |
|
|
SIEMENS
ELETROELETRÔNICA LTDA. |
|
|
SIEMENS
ENERGY, INC, WILMINGTON |
|
|
SIEMENS
ENERGY, INC. |
|
|
SIEMENS
HEALTHCARE DIAGNÓSTICOS LTDA. |
|
|
SIEMENS
INDUSTRY, INC. |
|
|
SIEMENS
LIMA |
|
|
SIEMENS
MEDICAL SOLUTIONS USA |
|
|
SIEMENS POWER GENERATION SERV COMPANY, LTD. WILMINGTON |
|
|
SIEMENS
S.A. |
|
|
SIEMENS
S.A. - BUENOS AIRES |
|
|
SIEMENS
S.A. SANTIAGO DE CHILE |
|
|
SIEMENS
S.A., GUATEMALA |
|
|
SIEMENS
SINGAPURA |
|
|
SIEMENS T&D LTD., FRIMLEY |
|
|
SIEMENS
T&D SAS, GRENOBLE |
|
|
SIEMENS
VAI METALS SERVICES LTDA. |
|
|
SIEMENS
VAI METALS TECHNOLOGIES |
|
|
SIEMENS WIND POWER A/S |
|
|
SIEMENS,
MADRID (RG SPA) |
|
|
SIEMENS,
S.A. DE CV, MEXIKO DF |
|
|
TRENCH
LTD. |
|
|
TRENCH
LTDA. |
|
COMPANY'S BACKGROUND |
|
THE COMPANY WAS ESTABLISHED ON JULY 26, 1922 AND
REGISTERED ON JULY 31, 1922 UNDER REGISTER NUMBER 6048. THE COMPANY'S
INCORPORATION ACT WAS REGISTERED AT SÃO PAULO REGISTER OF COMPANIES UNDER
REGISTER NUMBER NIRE 35 2 1408900 1 ON 14/10/1996, DUE TO THE CHANGE OF THE
REGISTERED NAME TO SIEMENS LTDA. SIEMENS INTERNATIONAL HOLDING B.V., HOLLAND LIMITED
LIABILITY COMPANY HEADQUARTERED IN PRINSES BEATRIXLAAN 800, NA CIDADE DE
2595BN`S, GRAVENHAGE, HOLLAND REPRESENTED BY ITS ATTORNEY MR. FÁBIO NUSDEO,
BRAZILIAN, MARRIED, LAWYER, WITH OFFICE LOCATED AT RUA ARMANDO PENTEADO 374
SÃO PAULO - SP, DOCUMENTS NUMBER RG 1.361.280 SSP/SP AND CPF 000.961.058-87. SIEMENS AKTIENGESELLSCHAFT: HEADQUARTERED AT BERLIN
AND MUNIQUE, REGISTRATION # CNPJ 05.721.156/0001-85, REPRESENTED BY ITS ATTORNEY MR. FÁBIO NUSDEO, BRAZILIAN,
MARRIED, LAWYER, WITH OFFICE LOCATED AT RUA ARMANDO PENTEADO 374 SÃO PAULO -
SP, DOCUMENTS NUMBER RG 1.361.280 SSP/SP AND CPF 000.961.058-87. ACCORDING TO THE GENERAL ASSEMBLY OF JANUARY 30,
1998 AND APRIL 15, 1998 IT WAS APPROVED THE INCORPORATION OF THE CONTROLLED
COMPANIES EQUITEL S/A EQUIPAMENTOS E SISTEMAS DE TELECOMUNICAÇÕES AND MAXITEC
S/A. THE INCORPORATION WAS BASED ON THE NET EQUITY AMOUNT OF THOSE COMPANIES
ON DECEMBER 31, 1997 AND MARCH 31, 1998 RESPECTIVELY. ON JULY 21, 1999 IT WAS MADE PUBLIC THE "JOINT
VENTURE" WITH VOITH, WHICH WAS NAMED VOITH SIEMENS HYDRO. THE
"JOINT VENTURE" HAD 65% OF THE SHARES HOLD BY VOITH AND 35% HOLD BY
SIEMENS. THE PURPOSE OF THE "JOINT VENTURE" IS TO BUILD UP A
HYDROELECTRIC PLANT FOR POWER GENERATION. THE "JOINT VENTURE" STARTED OPERATING ON
JANUARY 1, 2000 AND THE SIEMENS LTDA. INVESTMENT WAS MADE THROUGH THE SALE OF
THE ASSETS OF THE KWU-H DIVISION. SIEMENS IS A GLOBAL LEADER IN ELECTRIC AND
ELECTRONIC ENGINEERING AND HAS OVER 400.000 EMPLOYEES ENGAGED IN THE
MANUFACTURING OF PRODUCTS WITH HE MOST MODERN TECHNOLOGY. THE COMPANY HAS OPERATIONS AND CLIENTS IN OVER 190
COUNTRIES AND PROVIDES EQUIPMENTS TO COMPANIES ENGAGED IN THE ELECTRIC POWER
FIELD, INDUSTRIES IN GENERAL, TRANSPORT COMPANIES, MEDICINES AND COMPUTING
INDUSTRIES, AND ILLUMINATING FIELD. ON AUGUST 20, 2003 THE SUBJECT TOOK OVER THE COMPANY
SIEMENS DEMATIC LTDA. ON JANUARY 15, 2007 THE SUBJECT TOOK OVER THE
COMPANY VA TECH TRANSMISSÃO & DISTRIBUIÇÃO LTDA. ON JANUARY 21, 2009 THE SUBJECT TOOK OVER THE
COMPANY SIEMENS VAI METALS TECHNOLOGIES LTDA CNPJ 01564402/0001-81. ON APRIL 07, 2009 THE COMPANY TOOK OVER MORGAN DO
BRASIL COMERCIO, IMPORTAÇÃO, EXPORTAÇÃO LTDA, CNPJ 57.755.217/0001-29. ON OCTOBER 05, 2009 THE SUBJECT TOOK OVER THE
COMPANY TRENCH BRASIL LTDA. THE SIEMENS GROUP IS A WORLD LEADER IN ITS LINE OF
BUSINESS. ON DECEMBER 28, 2012 THE COMPANY TOOK OVER SENERGY -
SISTEMAS DE MEDIÇÃO S/A, CNPJ 06.298.261/0001-16. PARTNERS AND DIRECTORS: SIEMENS INTERNATIONAL HOLDING B.V.: HEADQUARTERED AT
PRINSES BEATRIZLÇAAN, 800, 2595BN´S, GRAVEN HAGE, HOLLAND, TAXPAYER'S
REGISTRATION UNDER CNPJ 05.981.528/0001-02; SIEMENS AKTIENGESELLSCHAFT: HEADQUARTERED AT
MUNIQUE, GERMANY, TAXPAYER'S REGISTRATION UNDER CNPJ 05.721.156/0001-85; ANDRE CLARK JULIANO, BRAZILIAN, ENTREPRENEUR, HOLDER
OF DOCUMENTS CPF: 142.149.818-98, RG/RNE: 198411625, WITH ADDRESS AT AVENIDA
MUTINGA, 3800, PIRITUBA, SAO PAULO - SP, ZIP CODE 05110-902 MARTIN KERKHOFF, GERMAN, ENTREPRENEUR, HOLDER OF
DOCUMENTS CPF: 227.695.648-89, RG/RNE: V325801-U, WITH ADDRESS AT AVENIDA
MUTINGA, 3800, PIRITUBA, SAO PAULO - SP, ZIP CODE 05110-902 LUIS FELIPE GATTO MOSQUERA, BRAZILIAN, ENTREPRENEUR,
HOLDER OF DOCUMENTS CPF: 042.780.317-93, RG/RNE: 100040476, WITH ADDRESS AT
AVENIDA MUTINGA, 3800, PIRITUBA, SAO PAULO - SP, ZIP CODE 05110-902 RENATO CORTE BRILHO BUSELLI, BRAZILIAN,
ENTREPRENEUR, HOLDER OF DOCUMENTS CPF: 057.328.558-66, RG/RNE: 7.672.618,
WITH ADDRESS AT AVENIDA MUTINGA, 3800, PIRITUBA, SAO PAULO - SP, ZIP CODE
05110-902 GUILHERME VIEIRA DE MENDONCA, BRAZILIAN,
ENTREPRENEUR, HOLDER OF DOCUMENTS CPF: 830.590.756-20, RG/RNE: 4294487, WITH
ADDRESS AT AVENIDA MUTINGA, 3800, PIRITUBA, SAO PAULO - SP, ZIP CODE
05110-902 FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO
FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR.
GLAUCO POLO, ACCOUNTANT, 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 RECORDS. NO FURTHER DATA WAS AVAILABLE
WITH SEVERAL SOURCES USUALLY INVESTIGATED. |
|
PUBLIC RECORDS
INFORMATION: |
|
PROTESTS: |
|
44 PROTESTS,TOTAL AMOUNT R$ 429.232,52 |
|
DATE OF
FIRST PROTEST: JUNE/2014 R$ 3.298,41 |
|
DATE OF
HIGHEST PROTEST: JANUARY/2018 R$
116.557,90 |
|
DETAILS
OF LATEST PROTESTS: |
|
NOTARY
OFFICE: |
DATE: |
VALUE: |
|
3º
CARTÓRIO DE RS-PORTO ALEGRE |
15/01/2018 |
R$
116.557,90 |
|
1º
CARTÓRIO DE SP-JUNDIAIÍ |
26/12/2017 |
R$
170,32 |
|
1º
CARTÓRIO DE SP-JUNDIAÍ |
19/01/2018 |
R$
170,32 |
|
1º
CARTÓRIO DE SP-JUNDIAÍ |
10/01/2018 |
R$
455,56 |
|
1º
CARTÓRIO DE SP-JUNDIAÍ |
19/12/2017 |
R$
455,56 |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT
OF LAW: |
|
15 |
MUNICIPAL
LAWSUITS |
19/01/18 |
2ª
VARA DE SE-ESTÂNCIA |
|
11 |
FEDERAL
LAWSUITS |
07/12/17 |
19ª
VARA DE BA-SALVADOR |
|
3 |
EXECUTIVE
LAWSUITS |
04/08/17 |
3ª
VARA DE SP-AMERICANA |
|
3 |
MONITORY
SUITS |
30/01/18 |
16ª
VARA DE SP-SP-CENTRAL |
|
3 |
STATE
LAWSUITS |
08/06/17 |
VARA
DE SP-JUNDIAÍ |
FINANCIAL INFORMATION |
|
GENERAL BALANCE SHEETS AS OF 30/09/2017, 30/09/2016
AND 30/09/2015. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
30/09/2017 |
30/09/2016 |
30/09/2015 |
|
|
|
|
|
|
CASH
AND BANKS |
294.381 |
251.475 |
210.569 |
|
CLIENTS |
653.779 |
598.978 |
766.560 |
|
INVENTORY |
519.164 |
582.875 |
601.051 |
|
INTERCOMPANY
CREDITS |
22.850 |
23.761 |
77.669 |
|
ADVANCES |
8.924 |
9.790 |
11.688 |
|
RECOVERABLE
TAXES |
222.367 |
281.943 |
247.019 |
|
DERIVATIVES
OPERATIONS |
52.922 |
53.508 |
99.440 |
|
OTHER
CREDITS |
8.371 |
6.639 |
27.328 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
CURRENT ASSETS |
1.782.758 |
1.808.969 |
2.041.324 |
|
LONG-TERM RECEIVABLES: |
|
|
|
|
|
|
|
|
|
RECOVERABLE
TAXES |
3.334 |
2.004 |
2.222 |
|
DEFERRED
TAXES |
326.894 |
274.257 |
259.690 |
|
INTERCOMPANY
CREDITS |
29.278 |
33.310 |
17.000 |
|
ADVANCES |
4.133 |
4.959 |
5.838 |
|
JUDICIAL
DEPOSITS |
118.870 |
111.516 |
105.009 |
|
DERIVATIVES
OPERATIONS |
2.272 |
22.029 |
49.007 |
|
CLIENTS |
52.700 |
2.807 |
5.284 |
|
ACTUARY
ASSETS |
23.734 |
20.926 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
LONG-TERM RECEIVABLES |
561.215 |
471.808 |
444.050 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
168.371 |
156.701 |
163.653 |
|
FIXED
ASSETS |
172.292 |
175.720 |
191.324 |
|
INTANGIBLE |
40.712 |
42.186 |
43.925 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
FIXED ASSETS |
381.375 |
374.607 |
398.902 |
|
|
================ |
================ |
================ |
|
TOTAL
ASSETS |
2.725.348 |
2.655.384 |
2.884.276 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
30/09/2017 |
30/09/2016 |
30/09/2015 |
|
|
|
|
|
|
SUPPLIERS |
235.070 |
210.880 |
245.062 |
|
LOANS
AND FINANCING |
|
|
199.097 |
|
TAXES
& CONTRIBUTIONS |
61.015 |
61.229 |
75.492 |
|
LABOR
OBLIGATIONS |
145.988 |
135.757 |
143.890 |
|
INTERCOMPANY
DEBTS |
452.289 |
168.024 |
211.859 |
|
ADVANCE
FROM CLIENTS |
349.068 |
405.335 |
425.608 |
|
INCOME
TAX/SOCIAL CONTRIBUTION |
|
|
20.239 |
|
OTHER
PROVISIONS |
|
|
368.403 |
|
DERIVATIVES
OPERATIONS |
92.001 |
62.897 |
83.643 |
|
OTHER
DEBTS |
17.682 |
14.093 |
33.365 |
|
PROVISIONS |
419.828 |
338.994 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
CURRENT LIABILITIES |
1.772.941 |
1.397.209 |
1.806.658 |
|
LONG TERM LIABILITIES: |
|
|
|
|
|
|
|
|
|
INTERCOMPANY
DEBTS |
47.992 |
335.226 |
198.627 |
|
OTHER |
|
|
4.568 |
|
PROVISIONS |
210.333 |
216.647 |
153.610 |
|
DERIVATIVES
OPERATIONS |
1.973 |
36.420 |
6.543 |
|
ACTUARIAL
LIABILITY |
131.088 |
115.332 |
85.047 |
|
TAXES
AND CONTRIBUTIONS |
9.159 |
56.622 |
62.331 |
|
ACCOUNTS
PAYABLE |
21.051 |
16.257 |
12.637 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
LONG TERM LIABILITIES |
421.596 |
776.504 |
523.363 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE
CAPITAL |
513.746 |
413.746 |
413.746 |
|
CAPITAL
RESERVES |
111.268 |
111.268 |
111.268 |
|
PROFIT
RESERVES |
|
|
33.018 |
|
COMPREHENSIVE
INCOME |
-15.355 |
6.606 |
-3.777 |
|
ACCRUED
PROFIT (LOSS) |
-78.848 |
-39.949 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
NET EQUITY |
530.811 |
491.671 |
554.255 |
|
|
================ |
================ |
================ |
|
TOTAL
LIABILITIES |
2.725.348 |
2.665.384 |
2.884.276 |
|
PROFIT AND LOSS ACCOUNTS AS OF 30/09/2017,
30/09/2016 AND 30/09/2015. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
30/09/2017 |
30/09/2016 |
30/09/2015 |
|
|
|
|
|
|
NET
SALES |
2.515.128 |
2.666.783 |
3.150.629 |
|
(-)
COST OF SOLD GOODS |
1.842.410 |
2.073.834 |
2.406.005 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS
PROFIT |
672.718 |
592.949 |
744.624 |
|
OPERATING
REVENUE (EXPENSE) |
-654.430 |
-590.444 |
-756.080 |
|
FINANCIAL
REVENUE(EXPENSE) |
-75.673 |
-65.786 |
-43.625 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL
PROFIT (LOSS) |
-57.385 |
-63.281 |
-55.081 |
|
CONTRIBUTION/INCOME
TAX |
18.486 |
-9.688 |
25.779 |
|
|
---------------- |
---------------- |
---------------- |
|
NET
PROFIT (LOSS) |
-38.899 |
-72.969 |
-29.302 |
|
RATIOS: |
30/09/2017 |
30/09/2016 |
30/09/2015 |
|
QUICK
RATIO |
,71 |
|
,88 |
|
,80 |
|
|
CURRENT
RATIO |
1,01 |
|
1,29 |
|
1,13 |
|
|
ACCOUNTS
RECEIVABLE TURNOVER |
3,85 |
TIMES |
4,45 |
TIMES |
4,11 |
TIMES |
|
DAYS'
SALES IN RECEIVABLES |
93,58 |
DAYS |
80,86 |
DAYS |
87,59 |
DAYS |
|
INVENTORY
TURNOVER |
3,55 |
TIMES |
3,56 |
TIMES |
4,00 |
TIMES |
|
ACCOUNTS
PAYABLE PERIOD |
45,93 |
DAYS |
36,61 |
DAYS |
36,67 |
DAYS |
|
RETURN
ON ASSETS |
,92 |
TIMES |
1,00 |
TIMES |
1,09 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
4,74 |
TIMES |
5,42 |
TIMES |
5,68 |
TIMES |
|
NET
WORTH TIE-UP |
,32 |
|
,36 |
|
,35 |
|
|
INDEBTEDNESS |
4,13 |
|
4,42 |
|
4,20 |
|
|
EQUITY
RATIO |
19,48 |
% |
18,52 |
% |
19,22 |
% |
|
WORKING
CAPITAL RATIO |
,55 |
% |
29,47 |
% |
12,99 |
% |
|
GENERAL
SOLVENCY |
1,24 |
|
1,22 |
|
1,24 |
|
|
RETURN
ON NET EQUITY |
-7,33 |
% |
-14,84 |
% |
-5,29 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
-1,55 |
% |
-2,74 |
% |
-,93 |
% |
|
GROSS
PROFIT MARGIN |
26,75 |
% |
22,23 |
% |
23,63 |
% |
|
OPERATIONAL
RESULT |
-2,28 |
% |
-2,37 |
% |
-1,75 |
% |
|
SALES
TURNOVER ON LIABILITIES |
1,42 |
TIMES |
1,91 |
TIMES |
1,74 |
TIMES |
|
FOREIGN
CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN
CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
COMMENTS ON
THE FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL
RATIOS. THE ANNUAL FIGURES AVAILABLE SHOW A REGULAR
FINANCIAL STANDING. THE LEVEL OF INDEBTEDNESS IS VERY HIGH BUT IT HAS
ACCEPTABLE CURRENT RATIO AND GOOD WORKING CAPITAL, CONSIDERED ENOUGH TO COVER
THE SHORT TERM LIABILITIES. ON THE OTHER HAND, IT SHOWS DROP IN SALES AND
POSTED LOSS. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
INSURANCE |
|
THE COMPANY AND ITS SUBSIDIARIES AS THE POLICY TO
MAINTAIN INSURANCE COVERAGE BY AMOUNTS CONSIDERED SUFFICIENT TO COVER
POSSIBLE INDEMNITIES, CONSIDERING THE NATURE OF ITS ACTIVITY. THE INSURANCE COVERAGE
WAS DETAILED AS FOLLOWS: |
|
COVERAGE: |
OPERATIONAL
RISKS |
|
VALUE: |
R$
888.000.000,00 |
|
|
|
|
COVERAGE: |
CIVIL
LIABILITY |
|
VALUE: |
R$
31.323.000,00 |
BANKING REFERENCES |
|
|
BRANCH/PHONE: |
|
|
BANCO
BRADESCO S/A |
2372
/ 3847-9149 |
|
|
BANCO
ITAÚ S/A |
0910
/ 3708-2611 |
|
|
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 |
ACTIVITIES COMMENTS |
|
THE COMPANY IS ENGAGED IN THE MANUFACTURE OF ELECTRO
TECHNICAL, INDUSTRIAL ELECTRONIC, TELECOMMUNICATION, TELE-COMPUTING
EQUIPMENT, PARTS AND ACCESSORIES. A WIDE RANGE OF PRODUCTS OF THE MOST MODERN
TECHNOLOGY IS MANUFACTURED BY THE COMPANY. |
|
IMPORT AND EXPORT: |
IMPORTS FROM:
|
EUROPE, CENTRAL AMERICA, NORTH AMERICA, ASIA AND
OTHERS. |
EXPORTS TO:
|
SEVERAL
COUNTRIES |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC CLIENTS: |
|
|
|
ACESITA
- CIA AÇOS ESPECIAIS ITABIRA |
|
|
|
ALCAN
- ALUMÍNIO DO BRASIL S/A |
|
|
|
BANCO
DO BRASIL S/A |
|
|
|
BANCO
ITAÚ S/A |
|
|
|
BARROS
AUTO PEÇAS LTDA |
|
|
|
BCP
S/A |
|
|
|
BRAHMA
PAULÍNIA - SP |
|
|
|
CELG
- CENTRAIS ELÉTRICAS DE GOIÁS S/A |
|
|
|
CESP
- CENTRAIS ELÉTRICAS DE SÃO PAULO |
|
|
|
CET
- CIA DE ENGENHARIA DE TRÁFEGO |
|
|
|
CHESF
- CENTRAIS HIDROELÉTRICAS DO SÃO FRANCISCO |
|
|
|
CPFL
- CIA PAULISTA DE FORÇA E LUZ |
|
|
|
CREDIAL
- PROMOTORA DE VENDAS |
|
|
|
CRT
COMPANHIA RIOGRANDENSE DE TELECOMUMICAÇÕES |
|
|
|
EMBRATEL
- EMPRESA BRASILEIRA DE TELECOMUNICAÇÕES S/A |
|
|
|
FERTECO
MINERAÇÃO S/A |
|
|
|
FIAT
AUTOMÓVEIS S/A |
|
|
|
FUNDAÇÃO
DE SAÚDE DO ALTO VALE DO ITAJAÍ |
|
|
|
INSTITUTO
GERAL DE ASSISTENCIA SOCIAL |
|
|
|
MERCEDES
BENZ DO BRASIL |
|
|
|
METRÔ
- CIA DO METROPOLITANO DE SÃO PAULO |
|
|
|
MINISTÉRIO
DA AERONÁUTICA |
|
|
|
PETROBRÁS
- PETRÓLEO BRASILEIRO S/A |
|
|
|
RIOCELL
S/A |
|
|
|
VOLKSWAGEN
DO BRASIL LTDA |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 3760 EMPLOYEE(S) |
CONCEPT AND FULFILMENT |
|
THE SUBJECT IS AN OLD-ESTABLISHED SUBSIDIARY OF THE
SIEMENS GROUP, OPERATING SINCE 1946. SO FAR IT HAS A TRADE HISTORY AFFECTED
BY SEVERAL RECENT DETRIMENTAL FILES. 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. USUALLY THIS KIND OF SUITS DO NOT AFFECT THE COMPANY REPUTATION BUT
IN THE SUBJECT SPECIFIC CASE IT IS NOT POSSIBLE TO EVALUATE AS THERE ARE
SEVERAL SUITS REGISTERED AND NO DETAILS REGARDING THE AMOUNTS INVOLVED ARE
AVAILABLE FOR PUBLIC INSPECTION. OUR INVESTIGATION THROUGH THE PUBLIC RECORDS SHOWED
SEVERAL DETRIMENTAL FILES REGISTERED AGAINST THE SUBJECT. DUE TO THE
SUBJECT'S HIGH FINANCIAL STRENGTH AND HIGH SCALE OF OPERATIONS THE
DETRIMENTAL FILES USUALLY DO NOT AFFECT ITS TRADE REPUTATION. HOWEVER, SUCH
HIGH AMOUNT OF DETRIMENTAL FILES SHOULD BE TAKEN INTO ACCOUNT. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC SUPPLIERS: |
|
PHONE: |
|
ACESITA
S/A |
|
31 849-7079 |
|
ALCOA
FIOS E CABELOS ELÉTRICOS S/A |
|
35
7295-0000 |
|
ALSTOM
T&D LTDA |
|
35 623-1144 |
|
BIC
BRASIL S/A |
|
|
|
BRASMETAL
WAELZHOLZ S/A IND. COMÉRCIO |
|
11
4070-9500 |
|
CDC
BRASIL DISTR LTDA |
|
|
|
CENTELHA
EQUIP ELETRICOS LTDA |
|
|
|
CERÂMICA
SANTANA S/A |
|
19
3893-3666 |
|
CIBA
ESPECIALIDADES QUÍMICAS S/A |
|
11 532-7379 |
|
COSINOX
INDÚSTRIA E COMÉRCIO LTDA |
|
11 279-4152 |
|
DEL
MICA INDÚSTRIA E COMÉRCIO LTDA |
|
11
4392-2466 |
|
DMC2
DEGUSSA M.C. CERDEC LTDA |
|
11
6421-1000 |
|
EMICOL
ELETRO ELETRÔNICA S/A |
|
11
7824-9800 |
|
ENGEPLAT
INDÚSTRIA METALÚRGICA LTDA |
|
15 228-2307 |
|
ENPLA
INDÚSTRIA LTDA |
|
11
3662-3357 |
|
FICAP
S/A |
|
19 471-8600 |
|
FURUKAWA
INDUSTRIAL S/A |
|
11
3848-4714 |
|
HOLEC
INDÚSTRIAS ELÉTRICAS LTDA |
|
15 263-2677 |
|
INEPAR
- FERRAM. EQUIP MONTAGENS S/A |
|
11
5053-5445 |
|
OXFORD
PORCELANAS S/A |
|
|
|
VPI
VON ROLL ISOLA PROD. ISOLANTES S/A |
|
11
7929-4599 |
|
FOREIGN SUPPLIERS: |
COUNTRY: |
|
|
ADVANCED
MICRO DEVICES, INC |
USA |
|
|
ANRITSU
CORPORATION |
JAPAN |
|
|
COMETARSA
S.A. |
ARGENTINA |
|
|
CONSÓRICO
INGENIERIA ELECT.S.A (CIE) |
PARAGUAY |
|
|
GINDRE
DUCHAVANY |
FRANCE |
|
|
LINCAS
GMBH |
GERMANY |
|
|
MOTOROLA
INC. |
USA |
|
|
RENK
AG |
GERMANY |
|
|
SIEMENS
AG |
GERMANY |
|
|
SIEMENS
TELECOMINICAZIONI S.P.A |
ITALY |
|
|
SMIT DRAAD - DRAAD NIJMEGEN B.V |
HOLLAND |
|
|
THYSSEN
STAHLUNION GMBH |
GERMANY |
|
|
PAYMENT HISTORY: |
|
33
SUPPLIERS REPORTED PAYMENTS: |
|
AMOUNT
OF INVOICES PAID: 333 |
|
TOTAL
OF PROMPT PAYMENTS: 95,8% |
|
TOTAL
OF DELAYED PAYMENTS: 4,2% |
|
|
|
HIGHEST
INVOICE: R$ 314.261,00 |
|
HIGHEST
CREDIT: R$ 314.261,00 |
|
|
FINAL OPINION |
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN
BUSINESS FOR SEVERAL YEARS. UP TO DATE IT HAS A REGULAR FINANCIAL STANDING
AND ITS TRADE HISTORY IS AFFECTED BY SEVERAL RECENT DETRIMENTAL FILES. 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. THE COMPANY HAS PAYMENT CAPACITY FOR HIGH AMOUNTS OF
CREDIT. HOWEVER, IN VIEW OF THE COMPANY'S DELICATE FINANCIAL STANDING AND
GIVEN THE HIGH AMOUNT OF DETRIMENTAL FILES, WE RECOMMEND THAT ANY KIND OF
BUSINESS DEALINGS SHOULD BE CARRIED OUT UNDER SECURED BASIS. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.37 |
|
|
1 |
INR 89.71 |
|
Euro |
1 |
INR 78.89 |
|
BRL |
1 |
INR 19.49 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
SYL |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.