|
|
|
MIRA
INFORM REPORT
|
Report No. : |
485779 |
|
Report Date : |
13.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
M.
CASSAB COMÉRCIO E INDÚSTRIA LTDA |
|
|
|
|
Registered Office : |
Avenida Das Nações Unidas,20882 - Vila Almeida, 04795-000 - São
Paulo/Sp, |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Date of Incorporation : |
24.09.1974 |
|
|
|
|
Legal Form : |
Limited Liability
Company |
|
|
|
|
Line of Business : |
Manufacture and Sale of Chemicals in General. |
|
|
|
|
No. of Employees : |
1300 |
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 but Correct |
|
|
|
|
Litigation : |
Exist |
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 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.
|
Source
: CIA |
Company Name
M. CASSAB COMÉRCIO E INDÚSTRIA LTDA
ADDRESSES
|
MAIN
ADDRESS: |
AVENIDA DAS NAÇÕES UNIDAS,20882 -
VILA ALMEIDA |
|
ZIP CODE/CITY: |
04795-000 - SÃO PAULO/SP |
|
|
|
|
PHONE: |
11 2162-7660 |
|
E-MAIL: |
|
|
WEB SITE: |
|
INQUIRY DETAILS: |
|
|
GIVEN NAME: |
M
CASSAB COMÉRCIO E INDÚSTRIA LTD |
|
CORRECT
NAME: |
THE CORRECT NAME IS STATED AT THE CAPTION. |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RODOVIA BR 163,3023 |
|
ZIP CODE/CITY: |
79060-230 CAMPO GRANDE/MS |
|
|
|
|
ADDRESS: |
RUA AMÉRICO VESPUCIO,815 - JARDIM PLATINA |
|
ZIP
CODE/CITY: |
OSASCO/SP
|
|
|
|
|
ADDRESS: |
AVENIDA
C-255,270 - SETOR NOVA SUÍÇA |
|
ZIP
CODE/CITY: |
GOIANIA/GO
|
|
|
|
|
ADDRESS: |
RODOVIA
BR 282, KM 500,0 - SEDE |
|
ZIP
CODE/CITY: |
89820-000
XANXERE/SC |
|
|
|
|
ADDRESS: |
AVENIDA
EIXO DE INTEGRAÇÃO,732 - SETOR M. CASSAB - BLOCO A - GALPÃO A1 E A2 -
MURIBECA |
|
ZIP
CODE/CITY: |
54360-000
JABOATÃO DOS GUARARAPES/PE |
|
PHONE: |
81
3476-1679 |
|
FAX: |
81
3476-1679 |
|
CNPJ: |
49.698.723/0007-90 |
|
|
|
|
ADDRESS: |
RUA
JOSE LUIZ MARCELINO,1400 ARMAZÉM 04, SALA 02 - BAIRRO MURTA |
|
ZIP
CODE/CITY: |
88311-370
ITAJAÍ/SC |
|
CNPJ: |
49.698.723/0006-00 |
|
|
|
|
ADDRESS: |
RUA
ARACY TANAKA BIAZETTO,16600 - PARQUE INDUSTRIAL ALBINO NICOLAU SCHMIDT |
|
ZIP
CODE/CITY: |
85803-484
CASCAVEL/PR |
|
CNPJ: |
49.698.723/0014-10 |
|
THE
COMPANY ALSO HAS OTHER BRANCHES LOCATED IN: SAO PAULO/SP, ITAJAI/SC, CAMPO GRANDE/MS,
OSASCO/SP, GOIANIA/GO, CASCAVEL/PR, VALINHOS/SP, JABOATAO DOS GUARARA/PE,
RIFAINA/SP, CAJAMAR/SP, CAMPINAS/SP, BELO HORIZONTE/MG, RIO DE JANEIRO/RJ,
NITEROI/RJ, CURITIBA/PR, RECIFE/PE, SALVADOR/BA, PORTO ALEGRE/RS,
CACHOEIRINHA/RS , SAN ISIDRO/ARGENTINA. |
LEGAL DATA
|
MAIN ACTIVITIES |
|
MANUFACTURE AND SALE OF CHEMICALS IN GENERAL. |
|
LEGAL FORM: |
LIMITED LIABILITY COMPANY |
|
|
|
|
INCORPORATION
DATE: |
24/09/1974 |
|
REGISTER
DATE: |
24/09/1974 |
|
BALANCE
SHEET FILING DATE: |
31/12 |
|
TAX
CONTRIBUTOR NUMBER(CNPJ): |
49.698.723/0001-03 |
|
STATE
REGISTER: |
109.601.986.112 |
|
|
|
|
SHARE
CAPITAL: |
R$
89.895.208,00 |
|
LAST
REGISTER OF CAPITAL: |
10/05/2016 |
|
BOARD OF DIRECTORS: |
|
|
|
|
|
FABIO
CUTAIT |
MANAGER |
|
CECÍLIA
ELISABETH CASSAB CUTAIT |
MANAGER |
|
MÁRIO
SÉRGIO CUTAIT |
MANAGER |
|
VICTOR
CUTAIT NETO |
MANAGER |
|
ANDRÉ
CUTAIT |
MANAGER |
|
ÂNGELA
CUTAIT VASTO |
MANAGER |
AUTHORIZED USE OF SIGNATURE
|
THE MANAGERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE
COMPANY. |
|
SHAREHOLDERS / PARTNERS: |
|
|
|
|
|
M. CASSAB HOLDING S/A |
R$
89.805.312,00 |
|
M.
SHOP COMERCIAL LTDA |
R$
89.896,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
M.CASSAB
ARGENTINA S.A. |
90% |
|
M
CASSAB FOODS LTDA |
|
|
M.
CASSAB INTERNATIONAL S.A. |
100% |
|
M.
CASSAB CHINA S.A. |
100% |
|
VITACHEMIE
ADMINISTRADORA DE BENS LTDA |
|
|
FACE
HOLDING S/A |
|
|
FIG
PARTICIPAÇÕES S/A |
|
|
CAPANEMA
II ADMINISTRAÇÃO LTDA |
|
COMPANY'S BACKGROUND
|
IN 1928, FOUNDED UNDER THE NAME J. CASSAB COMERCIO E
INDUSTRIA, IN THE CITY OF SÃO PAULO, M. CASSAB BEGAN BY ESTABLISHING A SOLID
FOUNDATION FROM WHICH TO BUILD TOWARDS THE FUTURE. THAT FOUNDATION HAS BEEN THE DETERMINATION TO
CONSISTENTLY PROVIDE TOP QUALITY PRODUCTS AND SERVICES IN ORDER TO WIN THE
TRUST AND RESPECT FROM BOTH DOMESTIC AND INTERNATIONAL MARKETS. THE RESULT
HAS BEEN SOLID GROWTH IN EVERY SECTOR OF THE COMPANY'S ACTIVITY. THE STRONG LINKS FORGED AMONG SERVICES RENDERED,
TOTAL QUALITY, LONG-TERM PARTNERSHIPS, NATIONAL DISTRIBUTION AND HIGHLY
TRAINED PERSONNEL, HAVE BEEN THE KEYS TO THE COMPANY'S EXCEPTIONAL VITALITY. THE CURRENT REGISTERED NAME WAS ADOPTED ON SEPTEMBER
24, 1974 WHEN THE SUBJECT TOOK OVER THE FORMER J. CASSAB COMERCIO E INDUSTRIA
LTDA AND SO FAR IT OPERATES WITHIN THE GENERAL SCENE REPORTED HEREIN. TRADE NAME: "M CASSAB". ON JUNE 10, 2016 THE COMPANY TOOK OVER M. BRINQ
COMERCIO DE BRINQUEDOS LTDA, 09.629.068/0001-09, NIRE 35222249799. PARTNERS AND MANAGERS: M. CASSAB HOLDING S/A: HEADQUARTERED AT RUA LAGUNA
365, SÃO PAULO/SP, REGISTRATION # NIRE 35214086118 M. SHOP COMERCIAL LTDA: HEADQUARTERED AT AV. NAÇÕES UNIDAS 20882, SALA
06, SÃO PAULO/SP, REGISTRATION # NIRE 35300333772 FABIO
CUTAIT, BRAZILIAN, ENTREPRENEUR, HOLDER OF DOCUMENTS CPF: 069.522.598-72,
RG/RNE: 2187951, RESIDENTIAL ADDRESS AT RUA OSCAR FREIRE, 74, 14 A APTO 141,
SAO PAULO - SP, ZIP CODE 01426-000 CECILIA
ELIZABETH CASSAB CUTAIT, BRAZILIAN, ENTREPRENEUR, HOLDER OF DOCUMENTS CPF:
086.324.358-41, RG/RNE: 2241350, RESIDENTIAL ADDRESS AT RUA OSCAR FREIRE, 74,
14 A APTO 141, SAO PAULO - SP, ZIP CODE 01426-000 MARIO
SERGIO CUTAIT, BRAZILIAN, ENTREPRENEUR, HOLDER OF DOCUMENTS CPF:
011.723.178-95, RG/RNE: 4700124 - SP, RESIDENTIAL ADDRESS AT RUA BARAO
CAPANEMA, 48, APTO 74, SAO PAULO - SP, ZIP CODE 01411-010, VICTOR
CUTAIT NETO, BRAZILIAN, ENTREPRENEUR, HOLDER OF DOCUMENTS CPF:
038.157.878-07, RG/RNE: 4700125 - SP, RESIDENTIAL ADDRESS AT ALAMEDA JOAQUIM
EUGENIO DE LIMA, 1656, 8 AND APTO 81, SAO PAULO - SP, ZIP CODE 01403-002 ANDRE
CUTAIT, BRAZILIAN, ENTREPRENEUR, HOLDER OF DOCUMENTS CPF: 047.802.698-65,
RG/RNE: 4700126 - SP, RESIDENTIAL ADDRESS AT RUA PARAGUAI, 51, APTO 121, SÃO
PAULO - SP, ZIP CODE 01408-040 ANGELA
CUTAIT VASTO, BRAZILIAN, ENTREPRENEUR, HOLDER OF DOCUMENTS CPF:
156.948.828-22, RG/RNE: 13613528, RESIDENTIAL ADDRESS AT RUA BARAO CAPANEMA,
74, APTO 101, SAO PAULO - SP, ZIP CODE 01411-010 FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC INFORMATION: |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT
OF LAW: |
|
1 |
MUNICIPAL
LAWSUIT |
26/10/17 |
VARA
DE VALINHOS/SP |
|
2 |
STATE
LAWSUITS |
28/07/17 |
1ª
VARA DE MG-CONTAGEM |
|
2 |
FEDRAL
LAWSUITS |
16/09/16 |
2ª
VARA SP-SP-FEDERAL |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 31/12/2016, 31/12/2015
AND 31/12/2014. |
|
(
FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2016 |
31/12/2015 |
31/12/2014 |
|
|
|
|
|
|
CASH
AND BANKS |
45.740.000,00 |
67.684.781,00 |
3.168.793,00 |
|
CLIENTS |
135.394.000,00 |
120.429.070,00 |
115.531.009,00 |
|
INVENTORY |
139.200.000,00 |
152.918.746,00 |
152.322.439,00 |
|
ADVANCE
TO SUPPLIERS |
1.098.000,00 |
805.027,00 |
739.644,00 |
|
RECOVERABLE
TAXES |
19.665.000,00 |
23.517.845,00 |
22.402.143,00 |
|
BIOLOGICAL
ASSETS |
6.693.000,00 |
12.081.397,00 |
9.136.896,00 |
|
OTHER
CREDITS |
2.336.000,00 |
25.929.411,00 |
14.152.670,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
CURRENT ASSETS |
350.126.000,00 |
403.366.277,00 |
317.453.594,00 |
|
LONG-TERM RECEIVABLES: |
|
|
|
|
|
|
|
|
|
INTERCOMPANY
CREDITS |
56.845.000,00 |
68.618.830,00 |
30.384.175,00 |
|
JUDICIAL
DEPOSITS |
12.514.000,00 |
12.332.634,00 |
11.552.107,00 |
|
RECOVERABLE
TAXES |
39.330.000,00 |
10.297.497,00 |
12.136.198,00 |
|
DEFERRED
TAXES |
38.405.000,00 |
38.631.069,00 |
33.157.037,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
LONG-TERM RECEIVABLES |
147.094.000,00 |
129.880.030,00 |
87.229.517,00 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
11.023.000,00 |
13.001.161,00 |
14.166.146,00 |
|
FIXED
ASSETS |
59.945.000,00 |
62.772.931,00 |
69.895.371,00 |
|
INTANGIBLE |
8.801.000,00 |
7.913.319,00 |
8.539.535,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
FIXED ASSETS |
79.769.000,00 |
83.687.411,00 |
92.601.052,00 |
|
|
================ |
================ |
================ |
|
TOTAL
ASSETS |
576.989.000,00 |
616.933.718,00 |
497.284.163,00 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2016 |
31/12/2015 |
31/12/2014 |
|
|
|
|
|
|
SUPPLIERS |
107.448.000,00 |
104.806.828,00 |
159.064.803,00 |
|
LOANS
AND FINANCING |
205.431.000,00 |
311.717.386,00 |
100.711.482,00 |
|
TAXES
& CONTRIBUTIONS |
14.365.000,00 |
12.520.600,00 |
10.594.637,00 |
|
OTHER |
3.438.000,00 |
1.168.788,00 |
1.276.617,00 |
|
ADVANCE
FROM CLIENTS |
3.946.000,00 |
3.390.651,00 |
4.446.991,00 |
|
DEBT
WITH RELATED PARTIES |
|
|
391.916,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
CURRENT LIABILITIES |
334.628.000,00 |
433.604.253,00 |
276.486.446,00 |
|
LONG TERM LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS
AND FINANCING |
204.951.000,00 |
181.431.097,00 |
220.134.733,00 |
|
INSTALLMENTS
TAXES PAYABLE |
|
158.172,00 |
515.926,00 |
|
PROVISION
FOR CONTINGENCIES |
615.000,00 |
614.583,00 |
709.875,00 |
|
CREDIT
FOR CAPITAL INCREASE |
11.150.000,00 |
|
897.500,00 |
|
RELATED
COMPANIES |
11.947.000,00 |
21.896.259,00 |
7.968.600,00 |
|
PROVISIONS |
|
100.429,00 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
LONG TERM LIABILITIES |
228.663.000,00 |
204.200.540,00 |
230.226.634,00 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE
CAPITAL |
89.895.000,00 |
54.597.500,00 |
53.700.000,00 |
|
ACCRUED
PROFIT (LOSS) |
-69.074.000,00 |
-72.611.725,00 |
-61.583.657,00 |
|
CUMULATIVE
TRANSLATION ADJUSTMENT |
-7.123.000,00 |
-2.856.850,00 |
-1.545.260,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
NET EQUITY |
13.698.000,00 |
-20.871.075,00 |
-9.428.917,00 |
|
|
================ |
================ |
================ |
|
TOTAL
LIABILITIES |
576.989.000,00 |
616.933.718,00 |
497.284.163,00 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2016,
31/12/2015 AND 31/12/2014. |
|
(
FIGURES ARE IN REAIS ). |
|
|
31/12/2016 |
31/12/2015 |
31/12/2014 |
|
|
|
|
|
|
GROSS
SALES |
1.117.296.000,00 |
1.133.534.030,00 |
1.080.630.011,00 |
|
(-)
TAXES ON SALES |
186.557.000,00 |
194.375.638,00 |
207.915.531,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET
SALES |
930.739.000,00 |
939.158.392,00 |
872.714.480,00 |
|
(-)
COST OF SOLD GOODS |
780.180.000,00 |
762.860.058,00 |
739.030.883,00 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS
PROFIT |
150.559.000,00 |
176.298.334,00 |
133.683.597,00 |
|
OPERATING
REVENUE (EXPENSE) |
-135.222.000,00 |
-120.852.533,00 |
-132.746.013,00 |
|
FINANCIAL
REVENUE(EXPENSE) |
-11.363.000,00 |
-71.947.900,00 |
-48.168.182,00 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL
PROFIT (LOSS) |
3.974.000,00 |
-16.502.099,00 |
-47.230.598,00 |
|
CONTRIBUTION/INCOME
TAX |
-672.000,00 |
5.474.031,00 |
16.099.595,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET
PROFIT (LOSS) |
3.302.000,00 |
-11.028.068,00 |
-31.131.003,00 |
|
RATIOS: |
31/12/2016 |
31/12/2015 |
31/12/2014 |
|
QUICK
RATIO |
,63 |
|
,58 |
|
,60 |
|
|
CURRENT
RATIO |
1,05 |
|
,93 |
|
1,15 |
|
|
ACCOUNTS
RECEIVABLE TURNOVER |
6,87 |
TIMES |
7,80 |
TIMES |
7,55 |
TIMES |
|
DAYS'
SALES IN RECEIVABLES |
52,37 |
DAYS |
46,16 |
DAYS |
47,66 |
DAYS |
|
INVENTORY
TURNOVER |
5,60 |
TIMES |
4,99 |
TIMES |
4,85 |
TIMES |
|
ACCOUNTS
PAYABLE PERIOD |
49,58 |
DAYS |
49,46 |
DAYS |
77,48 |
DAYS |
|
RETURN
ON ASSETS |
1,61 |
TIMES |
1,52 |
TIMES |
1,76 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
67,95 |
TIMES |
-45,00 |
TIMES |
-92,56 |
TIMES |
|
NET
WORTH TIE-UP |
4,38 |
|
-3,01 |
|
-7,41 |
|
|
INDEBTEDNESS |
41,12 |
|
-30,56 |
|
-53,74 |
|
|
EQUITY
RATIO |
2,37 |
% |
-3,38 |
% |
-1,90 |
% |
|
WORKING
CAPITAL RATIO |
4,63 |
% |
-6,97 |
% |
14,82 |
% |
|
GENERAL
SOLVENCY |
1,02 |
|
,97 |
|
,98 |
|
|
RETURN
ON NET EQUITY |
24,11 |
% |
52,84 |
% |
330,17 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
,35 |
% |
-1,17 |
% |
-3,57 |
% |
|
GROSS
PROFIT MARGIN |
16,18 |
% |
18,77 |
% |
15,32 |
% |
|
OPERATIONAL
RESULT |
,43 |
% |
-1,76 |
% |
-5,41 |
% |
|
SALES
TURNOVER ON LIABILITIES |
2,78 |
TIMES |
2,17 |
TIMES |
3,16 |
TIMES |
|
FOREIGN
CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN
CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
COMMENTS ON
THE FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL
RATIOS. THE ANNUAL FIGURES SHOW A DELICATE FINANCIAL
STANDING. THE LEVEL OF INDEBTEDNESS IS VERY HIGH AND MAINLY COMPRISED BY FINANCIAL
AND TRADE DEBTS BUT IT HAS ACCEPTABLE CURRENT RATIO AND POSITIVE WORKING
CAPITAL, CONSIDERED SUFFICIENT TO COVER THE SHORT TERM DEBTS. IT SHOWS A
SLIGHT DROP IN SALES BUT POSTED PROFIT. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
10.599.000,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 27.457.000,00
INSURANCE
|
COVERAGE: |
VEHICLES |
|
VALUE: |
R$
3.000.000,00 |
|
|
|
|
COVERAGE: |
EQUITY
- MULT RISK |
|
VALUE: |
R$
324.168.000,00 |
|
|
|
|
COVERAGE: |
CIVIL
RESPONSABILITY |
|
VALUE: |
R$
2.000,00 |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO
DO BRASIL S/A |
3132-1
/ 11 2128-7209 |
SÃO
PAULO/SP |
|
BANCO
BRADESCO S/A |
3396-0
/ 11 2178-4147 |
SANTO
AMARO/SP |
|
BANCO
ITAÚ S/A |
262 / 11 2172-8051 |
SÃO
PAULO/SP |
|
BANCO
SANTANDER (BRASIL) S/A |
2175 / 11 3553-2534 |
|
|
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
|
THE COMPANY IS ENGAGED IN THE MANUFACTURE AND SALES
OF CHEMICALS IN GENERAL. IT HAS THE FOLLOWING DIVISIONS: ANIMAL NUTRITION HUMAN NUTRITION CHEMICAL INDUSTRY PHARMACEUTICAL COSMETIC HOUSE
PRODUCTS. |
|
IMPORT AND EXPORT: |
IMPORTS FROM:
|
INDIA, AUSTRIA, CHINA, UNITED STATES, ARGENTINA,
GERMANY, DENMARK, HOLLAND, CHILE, SWEDEN, FRANCE, SINGAPORE, BELGIUM, JAPAN,
TAIWAN, ENGLAND AND KOREA. |
EXPORTS TO:
|
SAUDI
ARABIA, UNITED STATES, ARGENTINA, COSTA RICA, BOLIVIA, FRANCE AND PORTUGAL. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC CLIENTS: |
|
PHONE: |
|
B2W
COMPANHIA GLOBAL DE VAREJO |
|
21
2206-6321 |
|
BRF
- BRASIL FOODS S/A |
|
49
3533-9611 |
|
BUNGE
ALIMENTOS S/A |
|
47
3331-2558 |
|
COOPERATIVA
LANGUIRU LTDA |
|
51
3762-5600 |
|
DA
BARRA ALIMENTOS LTDA |
|
19
3403-2188 |
|
EMS
IND. FARMACÊUTICA |
|
19
3887-9978 |
|
EVIALIS
DO BRASIL NUTRIÇÃO ANIMAL LTDA |
|
19
3884-9850 |
|
FAST
SHOP COMERCIAL LTDA |
|
11
3232-3075 |
|
FATEC
S/A |
|
11
2168-9525 |
|
HIPERMARCAS |
|
11
3238-8884 |
|
IGL |
|
19
3876-7113 |
|
JBS
S/A |
|
17
3321-4400 |
|
JEANS
STORE COMERCIAL LTDA |
|
21
3326-2440 |
|
LOJAS
BLUMENAU TXTIL E UTIL. LTDA |
|
11
3322-1717 |
|
L`OREAL
(PROCOSA) |
|
21
2131-6164 |
|
MARFRIG
FRIGO E COM. DE ALIMENTOS S/A |
|
14
3541-0099 |
|
MAXMIX
COMERCIAL LTDA |
|
21
3326-2439 |
|
NATURA
COSMETICOS S.A. |
|
11
4446-4000 |
|
NUTRON
ALIMENTOS |
|
19
2102-5084 |
|
NYCOMED
PHARMA LTDA |
|
19
3847-5526 |
|
PBKIDS
BRINQUEDOS LTDA |
|
11
3819-2511 |
|
PERDIGÃO |
|
49
3555-1222 |
|
PONTOFRIO.COM
COMERCIO ELETRON. S/A |
|
21
2472-8428 |
|
PPG
INDL DO BRASIL TINTAS E VERNIZES |
|
19
2103-6000 |
|
PRO HOME COM. MAD. FERR. E UTENS. LTDA |
|
11
2189-1000 |
|
RI
HAPPY BRINQUEDOS LTDA |
|
11
6914-7504 |
|
RI
HAPPY BRINQUEDOS LTDA. |
|
|
|
SCHENECTADY
BRASIL LTDA |
|
19
3535-9815 |
|
SHERWIN WILLIANS BRASIL IND. COM. LTDA |
|
11
2137-5000 |
|
SOCIEDADE
COML E EMPORT. HERMES S/A |
|
21
3541-3261 |
|
TIRRENO
IND. COM. DE PRODS. QUÍMICOS LTDA |
|
11
4053-3333 |
|
TORTUGA
CIA ZOOTÉCNICA AGRÁRIA |
|
11
2117-7781 |
|
UNILEVER
BRA HIGIENE PESSOAL E LIMPEZA |
|
19
3876-7113 |
|
UNILEVER
BRASIL INDUSTRIAL LTDA |
|
19
3876-7170 |
|
UTILPLAST
COM DE PLAST LTDA |
|
11
3081-3397 |
|
WAL
MART BRASIL S.A. |
|
21
3326-2441 |
|
WMS
SUPERMERCADOS DO BRASIL LTDA |
|
21
3326-2441 |
|
FOREIGN CLIENTS: |
COUNTRY: |
|
|
CED
- COMPAGNIE EUROPÉENNE DISTRIB. |
FRANCE |
|
|
NUNAAT
INC. |
MIAMI/USA |
|
|
POLIRESINAS
SAN LUIS S/A |
BUENOS
AIRES/ARGENTINA |
|
|
PORTAL
IMPORTAÇÃO E EXPORTAÇÃO LTDA |
SINTRA/PORTUGAL |
|
|
PRODUCTORA
LA FLORIDA S/A |
SAN
JOSE/COSTA RICA |
|
|
ROWAIE
COSMETICS TRADING |
SAUDI
ARABIA |
|
|
RP
MODA E ACESSORIOS PROFISSIONAIS |
PORTUGAL |
|
|
YAMA
BOLIVIA |
SANTA
CRUZ/BOLIVIA |
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 1300 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY
OPERATING WITH A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOR. IT IS FAMILY
OWNED AND OPERATES WITH AN EXPRESSIVE SCALE OF ACTIVITIES AND AN EXCELLENT
REPUTATION. THE COMPANY HAS TRADE RELATIONS WITH SEVERAL
SUPPLIERS IN BRAZIL AND UP TO DATE NO PAYMENT PROBLEMS ARE NOTED. THE
SUPPLIERS REPORTED THAT EXTEND CREDIT FACILITIES TO THE COMPANY IN TERMS AND
AMOUNTS ACCORDING TO THE COMPANY'S NEEDS. 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. NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUITS DO NOT AFFECT THE
COMPANY'S TRADE REPUTATION. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC SUPPLIERS: |
|
PHONE: |
|
ADISSEO
BRASIL LTDA |
|
11
3741-8835 |
|
AJINOMOTO
BIOLATINA COM. IND. LTDA |
|
11
5579-6971 |
|
APC
DO BRASIL |
|
19
3402-4502 |
|
ARC
INTERNATIONAL BRASIL |
|
11
3709-1037 |
|
BARBARA
ENGENHARIA E CONSTRUTORA LTDA |
|
11
2114-1235 |
|
BASF
BRASILEIRA S/A |
|
11
4343-2857 |
|
BRASILIA
ALIMENTOS LTDA |
|
|
|
BUNGE
FERTILIZANTES S/A |
|
41
3918-7382 |
|
CARBOCLORO
S/A IND. QUÍMICAS |
|
11
3845-7677 |
|
CHR HANSEN IND COM LTDA |
|
|
|
CONSTRUTORA
E INCORPORADORA LTDA |
|
11
3887-4077 |
|
COSAN
ALIMENTOS |
|
11
3816-9469 |
|
COTIA
FOODS |
|
11
2842-3000 |
|
DOW
BRASIL S/A |
|
11
5188-9375 |
|
DSM
PRODUTOS NUTRICIONAIS BRASIL LTDA |
|
11
3719-4607 |
|
ELI
LILLY DO BRASIL LTDA |
|
11
5532-6800 |
|
EVONIK
DEGUSSA |
|
11
3146-4136 |
|
IQ
SOLUÇÕES & QUIMICA S/A |
|
|
|
NESTLE
BRASIL LTDA |
|
11
3061-6531 |
|
OXITENO
NORDESTE S/A INDÚSTRIA E COMÉRCIO |
|
11
3177-6942 |
|
PETROLEO
BRASILEIRO S/A PETROBRAS |
|
71
3642-4708 |
|
PHIBRO
SAÚDE ANIMAL |
|
11
6472-4444 |
|
PRODUQUIMICA
IND. COM. LTDA |
|
11
3016-9605 |
|
PROT-CAP
ARTIG/PROTEÇÃO INDL LTDA |
|
|
|
QUÍMICA
GERAL DO NORDESTE |
|
21
2534-0077 |
|
S.Q.M.
BRASIL LTDA |
|
11
4133-7207 |
|
SHEEL
BRASIL LTDA |
|
11
3089-5236 |
|
ST
JAMES INDUSTRIAL LTDA |
|
11
6955-5344 |
|
TINTAS
MC LTDA |
|
|
|
TRAMONTINA
SUDESTE S/A |
|
11
4197-1266 |
|
VICUNHA
TÊXTIL S/A |
|
19
3471-2133 |
|
WHIRLPOOL
S/A |
|
11
3566-1000 |
|
FOREIGN SUPPLIERS: |
COUNTRY: |
|
A.H.A. INTERNATIONAL CO. LTD |
CHINA |
|
A.P.C. AMERICAN PROTEIN CO. |
UNITED
STATES |
|
AARTI
DRUGS LTD |
INDIA |
|
AGROLINZ
MELAMIN GMBH |
AUSTRIA |
|
AJINOMOTO
HEARTLAND, LLC |
UNITED
STATES |
|
ANHUI BBCA BIOCHEMICAL CO. LTD |
CHINA |
|
ANNO
CHEMICALS NV |
BELGIUM |
|
APC AMERICAN PROTEIN CO. IQA |
UNITED
STATES |
|
ARMOUR
POLYMERS LIMITED |
INDIA |
|
ATANOR
S/A |
ARGENTINA |
|
ATLANTIC
CHEMICAL TRADING GMBH |
GERMANY |
|
BASF
AG |
GERMANY |
|
BASF
CORPORATION |
UNITED
STATES |
|
BASF HEALTH 7 NUTRITION A/S |
DENMARK |
|
BIESTERFELD
SIEMSGLUES INTERNATIONAL GMBH |
GERMANY |
|
BIOSOLUTIONS
CO., LTD |
CHINA |
|
BRUNO BOCK CHEMICHE FABRIC GMBH & CO. |
GERMANY |
|
CABOT
GMBH |
GERMANY |
|
CALDIC
CHEMIE |
HOLLAND |
|
CHANGZHOU
PHARMACEUTICAL FACTORY |
CHINA |
|
CHEMLINE
HELTHCARE AMARAL & CO |
SWITZERLAND |
|
CHENGDU TAIXIAO CHEMICAL AND INDL LTD |
CHINA |
|
CHINA JIANGSU MEDICINES & HEALTH GROUP |
CHINA |
|
CHINA
VITAMINS LLC |
UNITED
STATES |
|
COFACE
INSURANCE CO. |
FRANCE |
|
D.S.M. |
HOLLAND |
|
DALBO
GMBH CHEMIEHANDEL |
GERMANY |
|
DALIAN FTZ WENDA INTERNATIONAL TRADE |
CHINA |
|
DEGUSSA
AG. |
GERMANY |
|
DELATRADE
HANDELS GMBH |
GERMANY |
|
DSM
SPECIAL PROCUCTS |
HOLLAND |
|
EASTMAN
CHEMICAL LTD |
UNITED
STATES |
|
ECOGREEN
OLECHEMICALS LTD |
SINGAPORE |
|
EMSA WERKE WVLF GMBH & CO. |
GERMANY |
|
EUROLYSIN |
FRANCE |
|
HACHEMIE HAMB. CHEM. GESELLSCHAFT. MBH |
GERMANY |
|
HELM
AG |
GERMANY |
|
HERMES
INSURANCE CO |
GERMANY |
|
IMPEXTRACO
N.V. |
BELGIUM |
|
INDUKERN |
SPAIN |
|
ITACOLOR |
HOLLAND |
|
ITOCHU
TECHNO - CHEMICAL INC. |
JAPAN |
|
JEBSEN
& JESSEN |
GERMANY |
|
K.D.FEDDEERSEN |
GERMANY |
|
MITSUI
& CO LTD |
JAPAN |
|
NEPERA
INC |
UNITED
STATES |
|
NOVENO
KALAMA |
UNITED
STATES |
|
ODDA
SMELTEVERK A/S |
NORWAY |
|
UENO
FINE CHIMICALS |
JAPAN |
|
VOEST
ALPINE |
AUSTRIA |
|
PAYMENT HISTORY: |
|
27
SUPPLIERS REPORTED PAYMENTS: |
|
AMOUNT
OF INVOICES PAID: 156 |
|
TOTAL
OF PROMPT PAYMENTS: 98,8% |
|
TOTAL
OF DELAYED PAYMENTS: 1,2% |
|
|
|
HIGHEST
INVOICE: R$ 203.102,00 |
|
HIGHEST
CREDIT: R$ 203.102,00 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN
BUSINESS FOR SEVERAL YEARS. T OPERATES WITH A CLEAR TRADE HISTORY AND AN
EXCELLENT REPUTATION. IT SHOWS A DELICATE FINANCIAL STANDING BUT TRADE
COMMITMENTS ARE MET ON TIME. BASED ON THE OVERALL 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 SIZE AND
FINANCIAL STRENGTH. GIVEN THE UNFAVORABLE FINANCIAL SITUATION SHOWED IN
THE BALANCE SHEETS, A MAXIMUM CREDIT LIMIT OF USD 500.000,00 MAY BE
CONSIDERED. HIGHER AMOUNTS SHOULD BE GRANTED WITH CAUTION AS SUBJECT HAS A
LOW NET EQUITY AMOUNT AND ONLY THE EXPRESSIVE AND GROWING SALES ARE THE MAIN
SOURCE TO GENERATE THE FUNDS NECESSARY TO FACE THE FINANCIAL AND TRADE
COMMITMENTS. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.53 |
|
|
1 |
INR 86.05 |
|
Euro |
1 |
INR 76.53 |
|
BRL |
1 |
INR 19.89 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
NIT |
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.