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MIRA INFORM REPORT
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Report No. : |
485469 |
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Report Date : |
13.01.2018 |
IDENTIFICATION DETAILS
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Name : |
ANDRITZ SEPARATION INDUSTRIA E COMERCIO DE EQUIPAMENTOS DE FILTRAÇÃO LTDA |
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Registered Office : |
Rua
Progresso,450 - Testo Alto, 89107-000 - Pomerode/Sc |
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Country : |
Brazil |
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Date of Incorporation : |
17.08.1972 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is engaged in Manufacture and Trade of Equipments
and Machinery |
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No. of Employees : |
167 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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Brazil |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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 70% of GDP at the end of 2016 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.
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Source
: CIA |
Company
name
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ANDRITZ SEPARATION INDUSTRIA E
COMERCIO DE EQUIPAMENTOS DE FILTRAÇÃO LTDA |
ADDRESSES
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MAIN
ADDRESS: |
RUA PROGRESSO,450 - TESTO ALTO |
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ZIP CODE/CITY: |
89107-000 - POMERODE/SC |
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PHONE: |
47 3387-9100 |
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FAX: |
47 3387-9104 |
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E-MAIL: |
marcos.hedler@andritz.com |
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CORRECT NAME: |
THE CORRECT NAME IS STATED AT THE CAPTION. |
BRANCHES
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NOT AVAILABLE. |
LEGAL
DATA
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MAIN
ACTIVITIES: |
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MANUFACTURE AND TRADE OF EQUIPMENTS AND MACHINERY. |
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LEGAL
FORM: |
LIMITED LIABILITY COMPANY |
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INCORPORATION DATE: |
17/08/1972 |
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REGISTER DATE: |
17/08/1972 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
06.349.916/0001-38 |
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STATE REGISTER: |
254.802.192 |
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SHARE CAPITAL: |
R$
4.523.702,00 |
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BOARD
OF DIRECTORS: |
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LUIS MARIO BORDINI |
MANAGING PARTNER |
AUTHORIZED
USE OF SIGNATURE
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THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF
THE COMPANY. |
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SHAREHOLDERS
/ PARTNERS: |
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LUIS MARIO BORDINI |
00,1% |
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ANDRITZ BRASIL LTDA |
99,9% |
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AFFILIATES
/ SUBSIDIARIES: |
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A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR
DIRECTORS HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
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SINDUS ANDRITZ LTDA |
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ANDRITZ FEED & BIOFUEL BRASIL LTDA |
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ANDRITZ PILAO EQUIPAMENTOS LTDA |
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ANDRITZ BRASIL LTDA |
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COMPANY'S
BACKGROUND
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THE SUBJECT WAS ESTABLISHED ON AUGUST 17, 1972 AS NETZSCH
INDUSTRIA E COMERCIO DE MAQUINAS E EQUIPAMENTOS. TO BE ENGAGED IN THE SAID
LINE OF BUSINESS. LATER IT ADOPTED THE ABOVE MENTIONED NAME. THE COMPANY OPERATES WITH THE TRADE NAME OF "ANDRITZ
SEPARATION" FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN INTERVIEWED SOURCES AT THE SUBJECT STATED THAT ARE
STILL WAITING FOR AUTHORIZATION FROM THE PRINCIPALS TO PROVIDE THE DATA
NECESSARY TO COMPLETE THIS REPORT. A REQUEST FOR FURTHER DATA HAS BEEN SENT TO THE COMPANY.
PROVIDED THE DATA REQUESTED ARE RECEIVED FROM THE SUBJECT A COMPLEMENTARY
REPORT WILL BE SENT TO YOUR ATTENTION. THE DATA CONTAINED HEREIN WERE OBTAINED FROM OUTSIDE SOURCES,
OUR DATABASE AND OFFICIAL. NO FURTHER DATA WAS AVAILABLE WITH SEVERAL SOURCES
USUALLY INVESTIGATED. |
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PUBLIC
RECORDS INFORMATION: |
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PROTESTS: |
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1 PROTEST,TOTAL
AMOUNT R$ 2.399,33 |
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DETAILS OF LATEST PROTESTS: |
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NOTARY OFFICE: |
DATE: |
VALUE: |
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1º CARTORIO DE POMERODE/SC |
26/12/2017 |
R$
2.399,33 |
FINANCIAL INFORMATION
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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. |
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COMMENTS
ON THE FINANCIAL INFORMATION: |
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IN THE ABSENCE OF FINANCIAL INFORMATION NO COMMENTS CAN BE
MADE ABOUT THE SUBJECT'S CURRENT FINANCIAL STANDING. |
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REAL
ESTATE: |
NOT AVAILABLE
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VEHICLES: |
NOT AVAILABLE
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MACHINES: |
NOT AVAILABLE
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INSURANCE: |
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NOT AVAILABLE. |
BANKING
REFERENCES
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BRANCH/PHONE: |
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BANCO DO BRASIL S/A |
3420 |
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BANCO BRADESCO |
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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 JANUARY
11, 2018. |
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ACTIVITIES
COMMENTS: |
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MANUFACTURE AND TRADE OF EQUIPMENTS AND MACHINERY. MAIN PRODUCTS: FILTRATION EQUIPMENT: |
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IMPORT
AND EXPORT: |
IMPORTS FROM:
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SLOVAKIA, CHINA AND INDIA |
EXPORTS TO:
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EUROPE, LATIN AMERICA |
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MAIN
CLIENTS: |
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DOMESTIC
CLIENTS: |
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BOSCH REXROTH LTDA |
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CONSTRUCOES E COM CAMARGO CORREA S/A |
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MALWEE MALHAS LTDA |
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MARISOL S/A |
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NETZSCH DO BRASIL IND E COM LTDA |
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URBANO AGROINDUSTRIAL LTDA |
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STAFF: |
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THE COMPANY HAS: 167 EMPLOYEE(S) |
CONCEPT
AND FULFILMENT
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE
1972. SO FAR IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOUR. BOTH
THE COMPANY AND THE PRINCIPALS ENJOY 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 IS IRRELEVANT. |
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MAIN
SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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PANATLANTICA
CATARINENSE S/A |
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ACEARIA FREDERICO MISSNER S/A |
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ADAM DISTR LTDA EPP |
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ALCATEIA ENG SISTEMAS LTDA |
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BOSCH REXROTH LTDA |
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CARRERA LOCADORA DE VEICULOS LTDA |
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CONDUSPAR CONDUTORES ELETRICOS LTDA |
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COPAPEL COM REPRES PAPEL LTDA |
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METALURGICA FALLGATTER LTDA |
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NOWAK IND COM MAQ HIDR LTDA |
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PLUS FOMENTO MERCANTIL LTDA |
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PAYMENT
HISTORY: |
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21 SUPPLIERS REPORTED PAYMENTS: |
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AMOUNT OF INVOICES PAID: 444 |
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TOTAL OF PROMPT PAYMENTS: 97,8% |
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TOTAL OF DELAYED PAYMENTS: 2,2% |
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HIGHEST INVOICE: R$ 447.926,00 |
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HIGHEST CREDIT: R$ 447.926,00 |
FINAL
OPINION
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BASED ON THE OVERALL DATA AVAILABLE THE SUBJECT MAY BE CONSIDERED
FOR NORMAL BUSINESS COMMITMENTS. CREDIT FACILITIES, HOWEVER, SHOULD BE
GRANTED ON FULLY SECURED TERMS ONLY DUE TO THE ABSENCE OF FINANCIAL DATA. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.53 |
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1 |
INR 86.05 |
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Euro |
1 |
INR 76.53 |
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BRL |
1 |
INR 19.89 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VAR |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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
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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.