MIRA
INFORM REPORT
|
Report Date : |
05.07.2007 |
IDENTIFICATION DETAILS
|
Name : |
C I FARMACAPSULAS S A |
|
|
|
|
Registered Office : |
Street 79 B 78 C 21, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
05/05/1975 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of pharmaceuticals, medicinal chemicals and botanical
products |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Identification and
Characteristics
|
Tax Identif. |
8901059273 |
|
Trade Identif. |
21097-03 |
|
Business Name |
C I FARMACAPSULAS S A |
|
Old Name |
FARMACAPSULAS S A |
|
Initials |
FARMACAPS S A |
|
Business Address |
STREET 79 B 78 C 21, |
|
Web address |
|
|
Telephone |
(5)3304100 |
|
Telefax |
(5)3555462 |
|
Email |
|
|
Constitution Date |
05/05/1975 |
|
Business Start Date |
05/05/1975 |
|
Current Capital |
2.000.000.000,00 COLOMBIAN PESO |
|
Current Paid-Up Capital |
2.000.000.000,00 COLOMBIAN PESO |
|
Capital Evolution |
2007 - 2.000.000.000,00 - COLOMBIAN PESO 2004 - 2.000.000.000,00 - COLOMBIAN PESO |
|
Banks, Clients |
BANK: CITIBANK BANCOLOMBIA S A, BANCO DE OCCIDENTE S A SUPPLIER: PROCAPS S A, INDUSTRIAL DE EMPAQUES FLEXIBLES LTDA, EMPAQUES INDUSTRIALES COLOMBIANOS S A, GELCO S A, FESA S A, NOVAMED S A |
|
Activity Code |
D242300 - Manufacture of pharmaceuticals, medicinal chemicals and botanical products |
|
Activity |
Efectuar operaciones de comercio exterior y particularmente orientar sus actividades hacia la promocion y comercializacion de productos colombianos en los mercados externos. La fabricacion, elaboracion o ensamble, compra venta, representacion, distribucion de capsulas y otros envases de gelatinas o de distinta naturaleza para uso y consumo humano y veterinario los cuales pueden ser utilizados para envasar productos quimicos y farmaceuticos, la fabricacion de toda clase de productos quimicos, farmaceuticos, alimenticios y de cosmeticos, compra de materia prima insumos productos intermedios necesarios para los procesos de fabricacion, comercializacion interna y externa de los productos terminados. |
|
Exporter |
YES |
|
Importer |
YES |
|
Establishments |
2 |
|
Status |
TRADING |
|
Status Date |
05/05/1975 |
Synthesis
|
Financial Situation |
GOOD |
|
Typology |
LARGE COMMERCIAL/INDUSTRIAL COMPANY |
|
Background |
UPPER TO THE AVERAGE |
|
Incidents |
NON-EXISTENT OR SLIGHTLY SIGNIFICANT |
|
Credit Opinion |
RECOMMENDED UP TO 587.685.000,00 COLOMBIAN PESO |
|
Rating |
MODERATE TO LOW RISK Analysis carried out on 04/07/2007 |
CONTACTED PERSON: PILAR GONZALEZ (Secretary) who provision the
commercial information of the company.
Establishments
|
Name |
C I FARMACAPSULAS S A |
||
|
Business Address |
ATLANTICO |
||
|
Trade establishments |
Type of Operation: |
ASSETS - DIRECT OPERATIONS |
|
|
|
Situation Date: |
12/05/1975 |
|
|
|
Affected by Legal Orders (Y/N): |
N |
|
|
Name |
C I FARMACAPSULAS S A PLANTA 2 |
||
|
Business Address |
ATLANTICO |
||
|
Trade establishments |
Type of Operation: |
ASSETS - DIRECT OPERATIONS |
|
|
|
Situation Date: |
25/02/1999 |
|
|
|
Affected by Legal Orders (Y/N): |
N |
|
Trade References
|
(FIGURES EXPRESSED IN COLOMBIAN PESO) |
||||||
|
Supplier Name |
Amount |
Form of Payment |
Payment Terms |
Last Payment Date |
Product |
Payment Behaviour |
|
NOVAMED S A |
300.000.000,00 |
TRANSFER |
90 DAYS |
04/07/2007 |
INSUMOS |
GOOD |
|
GELCO S A |
800.000.000,00 |
TRANSFER |
90 DAYS |
04/07/2007 |
GELATINA FARMACEUTICA |
GOOD |
|
FESA S A |
15.000.000,00 |
CHECK |
60 DAYS |
04/07/2007 |
INSUMOS |
GOOD |
|
PROCAPS S A |
728.000.000,00 |
CHECK |
90 DAYS |
12/10/2006 |
MEDICAMENTOS. |
GOOD |
|
GELCO S A |
800.000.000,00 |
CHECK |
90 DAYS |
12/10/2006 |
GELATINA FARMACEUTICA. ULTIMA COMPRA 20 DE
SEPTIEMBRE. |
GOOD |
|
EMPAQUES INDUSTRIALES COLOMBIANOS S A |
90.000.000,00 |
CHECK |
60 DAYS |
12/10/2006 |
CAJAS DE CARTON. |
GOOD |
|
FESA S A |
7.000.000,00 |
CHECK |
60 DAYS |
12/10/2006 |
FORMAS CONTINUAS. ULTIMA COMPRA 12 DE
SEPTIEMBRE. |
GOOD |
|
NOVAMED S A |
50.000.000,00 |
CHECK |
60 DAYS |
04/08/2004 |
Cápsulas vacías |
GOOD |
|
EMPAQUES INDUSTRIALES COLOMBIANOS S A |
200.000.000,00 |
CHECK |
60 DAYS |
04/08/2004 |
Cajas de cartón |
GOOD |
|
FESA S A |
5.000.000,00 |
CHECK |
30 DAYS |
04/08/2004 |
Formas continuas |
GOOD |
|
INDUSTRIAL DE EMPAQUES FLEXIBLES LTDA |
30.000.000,00 |
CHECK |
60 DAYS |
04/08/2004 |
Aluminio |
GOOD |
|
GELCO S A |
600.000.000,00 |
CHECK |
60 DAYS |
22/06/2004 |
QUÍMICOS |
GOOD |
|
PROCAPS S A |
120.000.000,00 |
CHECK |
60 DAYS |
22/06/2004 |
QUÍMICOS |
GOOD |
Financial Elements
|
(COLOMBIAN PESO, MILES) |
Balance 2006 (12) |
Balance 2005 (12) |
Balance 2004 (12) |
|
Closing Date |
31/12/2006 |
31/12/2005 |
31/12/2004 |
|
Balance Type |
COMPLETE |
COMPLETE |
COMPLETE |
|
Source |
SUPERINTENDENCE |
SUPERINTENDENCE |
SUPERINTENDENCE |
|
Sales |
78.692.869,00 |
66.737.224,00 |
62.940.600,00 |
|
Results |
2.981.139,00 |
893.242,00 |
581.784,00 |
|
Capital |
63.203.280,00 |
56.972.919,00 |
53.501.262,00 |
|
CP Liabilities |
43.229.580,00 |
32.941.028,00 |
26.981.052,00 |
|
Circulating Assets |
49.488.141,00 |
49.113.878,00 |
45.401.601,00 |
|
Total Assets |
108.960.354,00 |
95.025.348,00 |
85.731.224,00 |
|
|
|||
|
Last Balance: |
31/12/2006 |
||
|
Figures for the last balance from: |
SUPERINTENDENCE |
||
External Activity
|
Activity |
Year |
Operation Percentage |
Products |
Countries |
|
EXPORTS |
2007 |
|
|
UNITED STATES |
|
EXPORTS |
2006 |
70 % |
ADICIONALMENTE SUR |
UNITED STATES |
|
EXPORTS |
2003 |
50 % |
Adicionalmente exportan a toda América |
|
|
IMPORTS |
2007 |
|
|
|
|
IMPORTS |
2006 |
70 % |
ADICIONALMENTE ITALIA E INDIA. |
|
|
IMPORTS |
2003 |
50 % |
Materia Prima y repuestos |
UNITED STATES |
Negative Information
|
|
|||||
|
Legal Irregularities |
|
||||
|
Total Number of current Legal Irregularities: 0 |
|
||||
|
Date |
Type |
Status |
|
Currency |
Affected |
|
31/05/2006 |
DEBTS OF OFFICIAL BODIES |
FINALIZED |
|
COLOMBIAN PESO |
DIAN - RECAUDADOR |
Payment Irregularities
No
found
Public Competition
Procedures
No
records found
Awards and
Certifications
|
Award/Certification |
Date |
|
ISO 9001- 2000 |
12/04/2004 |
Company Obligations
|
Type of Obligación |
Period |
Situation |
Information Date |
Publication Date |
Inscription Date |
Source |
|
DUTY OF REGISTRATION UPDATE |
2007 |
COMPLIED WITH |
20/03/2007 |
20/03/2007 |
20/03/2007 |
C.C. |
|
DUTY OF REGISTRATION UPDATE |
2006 |
COMPLIED WITH |
28/09/2006 |
28/03/2006 |
28/03/2006 |
C.C. |
|
DUTY OF REGISTRATION UPDATE |
2005 |
COMPLIED WITH |
18/03/2005 |
18/03/2005 |
|
C.C. |
|
DUTY OF REGISTRATION UPDATE |
2004 |
COMPLIED WITH |
17/06/2004 |
|
29/03/2004 |
C.C. |
Main Administrators
|
Position |
Surnames and first name |
Cell |
Date of appointment |
|
LEGAL REPRESENTATIVE |
GILINSKI GROSMAN, SAUL |
8669361 |
24/03/1992 |
|
LEGAL REPRESENTATIVE |
GILINSKI SRAGOWIEZ, MAX |
804266 |
24/03/1992 |
|
ALTERNATE LEGAL REPRESENTATIVE |
HENAO JINETE, GLORIA E |
22406423 |
22/04/1999 |
|
ALTERNATE LEGAL REPRESENTATIVE |
MENDAL DE GILINSKI, FLORETTE |
20940188 |
24/03/1992 |
|
ALTERNATE LEGAL REPRESENTATIVE |
GROSMAN DE GILINSKI, PERLA |
22260173 |
24/03/1992 |
|
MEMBER OF BOARD OF DIRECTORS |
GROSMAN DE GILINSKI, PERLA |
22260173 |
24/03/1992 |
|
MEMBER OF BOARD OF DIRECTORS |
GILINSKI GROSMAN, SAUL |
8669361 |
24/03/1992 |
|
MEMBER OF BOARD OF DIRECTORS |
GILINSKI SRAGOWIEZ, MAX |
804266 |
24/03/1992 |
|
MEMBER OF BOARD OF DIRECTORS |
GILINSKI DE AZOUT, GILDA |
|
24/03/1992 |
|
MEMBER OF BOARD OF DIRECTORS |
MENDAL DE GILINSKI, FLORETTE |
20940188 |
24/03/1992 |
|
MEMBER OF BOARD OF DIRECTORS |
AZOUT PAPU, JACOBO |
|
24/03/1992 |
|
AUDITOR CPA |
MERCADO BELTRAN, GABRIEL |
7473991 |
24/03/1992 |
|
ALTERNATE AUDITOR |
PEREZ VILLANUEVA, MANUEL |
8686934 |
17/08/1993 |
|
GENERAL MANAGER |
GILINSKI SRAGOWIEZ, MAX |
804266 |
24/03/1992 |
|
GENERAL MANAGER |
GILINSKI GROSMAN, SAUL |
8669361 |
24/03/1992 |
|
GENERAL MANAGER |
HENAO JINETE, GLORIA E |
22406423 |
22/04/1999 |
|
GENERAL MANAGER |
MENDAL DE GILINSKI, FLORETTE |
20940188 |
24/03/1992 |
|
GENERAL MANAGER |
GROSMAN DE GILINSKI, PERLA |
22260173 |
24/03/1992 |
|
REPRESENTATIVE |
|
7466901 |
15/03/2004 |
|
REPRESENTATIVE |
MIELES BUELVAS, JOSEFINA |
33138497 |
18/11/1998 |
Publications
|
Legal: |
||||
|
Type of Article |
Date |
Announcement Num. |
Source |
Place of Publication |
|
APPOINTMENT |
29/03/2004 |
2566 |
C.C. |
C.C. |
|
OTHER ACTS |
29/03/2004 |
2566 |
C.C. |
C.C. |
|
CHANGE OF NAME |
30/08/2002 |
100562 |
C.C. |
C.C. |
|
MERGER |
14/06/2000 |
87529 |
C.C. |
C.C. |
|
APPOINTMENT |
11/05/1999 |
80958 |
C.C. |
C.C. |
|
Press: |
|
|||
|
Date |
Publication |
Article Type |
||
|
26/04/2007 |
LA REPUBLICA |
FINANCIAL INFORMATION |
||
|
Summary: SEGÚN |
||||
Additional Comments
|
With effect until: 26/09/2084 Legal Representative borrowing limit: until ($US 200.000) Dollars. The company and its managers are not listed on the US Department of
the Treasury Foreign Narcotics Kingpin Designation Act. ( |
Balance Sheet
(ASSETS)
|
(COLOMBIAN PESO, MILES) |
2006(12) |
2005(12) |
2004(12) |
|
Source |
SUPERINTENDENCE |
SUPERINTENDENCE |
SUPERINTENDENCE |
|
A - Liquid Assets |
49.488.141,00 |
49.113.878,00 |
45.401.601,00 |
|
Shareholders by Unrequired Payments |
n.a. |
n.a. |
n.a. |
|
Cash |
59.100,00 |
2.252,00 |
116.278,00 |
|
Customers |
41.030.143,00 |
37.209.847,00 |
31.450.772,00 |
|
Accounts collectable from shareholders |
0,00 |
0,00 |
0,00 |
|
Accounts collectable various |
1.720.028,00 |
5.102.078,00 |
8.539.170,00 |
|
Provision for defaulting accounts |
-1.348.749,00 |
-913.303,00 |
-2.760.713,00 |
|
Temporary Investments |
0,00 |
574.450,00 |
526.071,00 |
|
Deferred |
0,00 |
1.430.355,00 |
1.566.764,00 |
|
General Stock |
539.011,00 |
1.153.236,00 |
493.072,00 |
|
Merchandise |
n.a. |
n.a. |
n.a. |
|
Finished products |
1.943.643,00 |
970.770,00 |
1.427.927,00 |
|
Products in process |
962.639,00 |
711.029,00 |
650.563,00 |
|
Raw materials |
4.582.326,00 |
2.873.164,00 |
3.391.697,00 |
|
Short-term own shares |
n.a. |
n.a. |
n.a. |
|
Other current assets |
n.a. |
n.a. |
n.a. |
|
B - Fixed Assets |
59.472.213,00 |
45.911.470,00 |
40.329.623,00 |
|
Property, Plant and Equipment |
52.153.513,00 |
40.704.749,00 |
35.746.983,00 |
|
Intangibles |
25.901,00 |
1.585.119,00 |
2.153.293,00 |
|
Permanent investments |
4.143.752,00 |
1.266.788,00 |
9.953,00 |
|
Long-term debtors |
0,00 |
0,00 |
0,00 |
|
Long-term deferred debt |
0,00 |
0,00 |
0,00 |
|
Own shares |
n.a. |
n.a. |
n.a. |
|
Valuations |
3.149.047,00 |
2.354.814,00 |
2.419.394,00 |
|
Other fixed assets |
0,00 |
0,00 |
0,00 |
|
Total Assets |
108.960.354,00 |
95.025.348,00 |
85.731.224,00 |
Balance Sheet
(Liabilities + Capital)
|
(COLOMBIAN PESO, MILES) |
2006(12) |
2005(12) |
2004(12) |
|
Source |
SUPERINTENDENCE |
SUPERINTENDENCE |
SUPERINTENDENCE |
|
A - Short Term Liabilities |
43.229.580,00 |
32.941.028,00 |
26.981.052,00 |
|
Financial Obligations |
21.299.179,00 |
14.896.553,00 |
11.740.541,00 |
|
Suppliers |
16.479.711,00 |
11.911.274,00 |
10.638.764,00 |
|
Accounts payable |
4.649.586,00 |
4.523.519,00 |
3.893.616,00 |
|
Taxes to be paid |
471.979,00 |
464.931,00 |
200.578,00 |
|
Estimated liabilities and provisions |
208.023,00 |
1.011.959,00 |
378.389,00 |
|
Labour Obligations |
121.102,00 |
132.792,00 |
127.024,00 |
|
Short-Term Deferred Payments |
0,00 |
0,00 |
0,00 |
|
Bonds and Trade Bills |
0,00 |
0,00 |
0,00 |
|
Other Short-Term Liabilities |
0,00 |
0,00 |
2.140,00 |
|
B - Long-Term Liabilities |
2.527.494,00 |
5.111.401,00 |
5.248.910,00 |
|
Financial Obligations |
2.527.494,00 |
5.111.401,00 |
5.248.910,00 |
|
Accounts Payable in the Long Term |
0,00 |
0,00 |
0,00 |
|
Estimated liabilities and provisions |
0,00 |
0,00 |
0,00 |
|
Long-Term Deferred Payments |
0,00 |
0,00 |
0,00 |
|
Bonds and Trade Bills |
0,00 |
0,00 |
0,00 |
|
Other Long-Term Liabilities |
0,00 |
0,00 |
0,00 |
|
Total Liabilities |
45.757.074,00 |
38.052.429,00 |
32.229.962,00 |
|
C - Net Capital |
63.203.280,00 |
56.972.919,00 |
53.501.262,00 |
|
Capital |
2.000.000,00 |
2.000.000,00 |
2.000.000,00 |
|
Issue Premium |
11.612.000,00 |
11.612.000,00 |
11.612.000,00 |
|
Capital Surplus |
0,00 |
0,00 |
0,00 |
|
Capital Appreciation |
36.722.182,00 |
34.267.193,00 |
31.624.199,00 |
|
Reserves |
6.738.912,00 |
5.845.670,00 |
5.263.885,00 |
|
Statutory Reserves |
n.a. |
n.a. |
n.a. |
|
Legal Reserves |
n.a. |
n.a. |
n.a. |
|
Other Reserves |
n.a. |
n.a. |
n.a. |
|
Share dividends |
0,00 |
0,00 |
0,00 |
|
Yearly result (profit and loss) |
2.981.139,00 |
893.242,00 |
581.784,00 |
|
Result from previous years |
0,00 |
0,00 |
0,00 |
|
Result after inflation |
n.a. |
n.a. |
n.a. |
|
Appreciation surplus |
3.149.047,00 |
2.354.814,00 |
2.419.394,00 |
|
Total Liabilities + Capital |
108.960.354,00 |
95.025.348,00 |
85.731.224,00 |
Profit and Loss
Account
|
(COLOMBIAN PESO, MILES) |
2006(12) |
2005(12) |
2004(12) |
|
Source |
SUPERINTENDENCE |
SUPERINTENDENCE |
SUPERINTENDENCE |
|
Total Operating Revenue |
78.692.869,00 |
66.737.224,00 |
62.940.600,00 |
|
Operating Revenue |
n.a. |
n.a. |
n.a. |
|
Sales |
78.692.869,00 |
66.737.224,00 |
62.940.600,00 |
|
Other Operating Revenue |
n.a. |
n.a. |
n.a. |
|
Total Operating Costs |
73.214.555,00 |
63.302.628,00 |
58.102.154,00 |
|
Purchases |
49.749.037,00 |
42.038.742,00 |
38.490.699,00 |
|
Personnel Expenditure |
6.661.760,00 |
5.935.573,00 |
7.632.647,00 |
|
Costs of Third-Party Services |
n.a. |
n.a. |
n.a. |
|
Stock Appreciation |
n.a. |
n.a. |
n.a. |
|
Provisions for Depreciation |
n.a. |
n.a. |
n.a. |
|
Traffic provision variation |
n.a. |
n.a. |
n.a. |
|
Other Operating Costs |
16.803.758,00 |
15.328.313,00 |
11.978.808,00 |
|
Operating Result |
5.478.314,00 |
3.434.596,00 |
4.838.446,00 |
|
Total Financial Revenue |
0,00 |
0,00 |
0,00 |
|
>From Companies in the Group |
n.a. |
n.a. |
n.a. |
|
From associated companies |
n.a. |
n.a. |
n.a. |
|
Other financial revenue |
n.a. |
n.a. |
n.a. |
|
Profits from Financial Investment |
n.a. |
n.a. |
n.a. |
|
Positive Exchange Differences |
n.a. |
n.a. |
n.a. |
|
Total Financial Costs |
0,00 |
0,00 |
0,00 |
|
From debts to companies in the Group |
n.a. |
n.a. |
n.a. |
|
From debts to affiliate companies |
n.a. |
n.a. |
n.a. |
|
From other debts |
n.a. |
n.a. |
n.a. |
|
Financial Investment Losses |
n.a. |
n.a. |
n.a. |
|
Investment Provision Variation |
n.a. |
n.a. |
n.a. |
|
Exchange Differences |
n.a. |
n.a. |
n.a. |
|
Financial Results |
0,00 |
0,00 |
0,00 |
|
Total Extraordinary Revenue |
4.874.852,00 |
3.031.482,00 |
3.053.882,00 |
|
Profits from alienation of fixed assets |
n.a. |
n.a. |
n.a. |
|
Profit and Loss Account (Continuación) |
|
(COLOMBIAN PESO, MILES) |
2006(12) |
2005(12) |
2004(12) |
|
Source |
SUPERINTENDENCE |
SUPERINTENDENCE |
SUPERINTENDENCE |
|
Share operation profits |
n.a. |
n.a. |
n.a. |
|
Transferred Capital Subsidies |
n.a. |
n.a. |
n.a. |
|
Other extraordinary revenue |
n.a. |
n.a. |
n.a. |
|
Profit and Revenue carried over |
n.a. |
n.a. |
n.a. |
|
Total Extraordinary Costs |
6.137.136,00 |
4.145.753,00 |
5.759.031,00 |
|
Fixed Asset Provision Variation |
n.a. |
n.a. |
n.a. |
|
Losses from Fixed Assets |
n.a. |
n.a. |
n.a. |
|
Losses due to share operations |
n.a. |
n.a. |
n.a. |
|
Extraordinary Costs |
n.a. |
n.a. |
n.a. |
|
Costs and Losses Carried Over |
n.a. |
n.a. |
n.a. |
|
Extraordinary Results |
-1.262.284,00 |
-1.114.271,00 |
-2.705.149,00 |
|
Total Revenue |
83.567.721,00 |
69.768.706,00 |
65.994.482,00 |
|
Total Costs |
79.351.691,00 |
67.448.381,00 |
63.861.185,00 |
|
Result before taxes |
4.216.030,00 |
2.320.325,00 |
2.133.297,00 |
|
Taxes |
1.296.885,00 |
1.216.159,00 |
1.112.973,00 |
|
Adjustment for inflation |
-61.994,00 |
210.924,00 |
438.540,00 |
|
Result for the Year |
2.981.139,00 |
893.242,00 |
581.784,00 |
Main Ratios
|
|
2006 |
2005 |
2004 |
|
|
EVOLUTION |
|
|
||
|
Turnover Evolution |
17,91 % |
6,03 % |
|
|
|
Net Results Evolution |
233,74 % |
53,53 % |
|
|
|
PROFITABILITY |
|
|
||
|
Profitability |
3,79 % |
1,34 % |
0,92 % |
|
|
Operational Profitability |
6,96 % |
5,15 % |
7,69 % |
|
|
Net worth Profitability |
4,72 % |
1,57 % |
1,09 % |
|
|
Total Assets Profitability |
2,74 % |
0,94 % |
0,68 % |
|
|
Financial Assets Coverage |
|
|
|
|
|
INDEBTEDNESS |
|
|
||
|
Debt Ratio |
41,99 % |
40,04 % |
37,59 % |
|
|
Short Term Debts |
94,48 % |
86,57 % |
83,71 % |
|
|
Indebtedness without revaluation |
0,43 % |
0,41 % |
0,39 % |
|
|
Financial Leverage |
37,70 % |
35,12 % |
31,76 % |
|
|
Financial Assets |
0,00 % |
0,00 % |
0,00 % |
|
|
CASH |
|
|
||
|
Working Capital |
6.258.561,00 |
16.172.850,00 |
18.420.549,00 |
|
|
Current ratio |
1,14 |
1,49 |
1,68 |
|
|
Acid Test |
0,96 |
1,32 |
1,46 |
|
|
Immediate Availability |
-43.170.480,00 |
-32.938.776,00 |
-26.864.774,00 |
|
|
EFICIENCY |
|
|
||
|
Portfolio Recovery Days |
187,70 |
200,72 |
179,89 |
|
|
Creditors Days |
119,25 |
102,00 |
99,50 |
|
|
Stock Rotation Days |
58,09 |
48,88 |
55,77 |
|
|
Operational Cicle Days |
245,79 |
249,60 |
235,66 |
|
|
Fixed Assets Turnover |
0,72 |
0,70 |
0,73 |
|
FINANCIAL
OBSERVATIONS
|
The company’s turnover increase 17,91 % with respect to the previous
period. The profitability margin is 3,79 %. The operational margin is
positive and is sufficient to cover the net income and financial charges. |
|
|
|
The liquidity indicators show an adequate covering of its current
assets over its short term obligations. The portfolio recovering period is of
187,70 days. The payment to suppliers is made in 119,25 days. |
|
|
|
The company operates with a debt ratio of 41,99 %. |
Macroeconomic
Information
|
|
Value |
Date |
|
Exchange Ratio |
1.958,95 |
04/07/2007 |
|
Up to 12 months Devaluation |
8,68 |
31/05/2006 |
|
GDP |
5,13 |
25/04/2006 |
|
Up to 12 months Inflation |
4,12 |
31/05/2006 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)