MIRA INFORM REPORT
|
Report Date : |
13.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
INDÚSTRIA E COMÉRCIO DE PLÁSTICOS CAJOVIL LTDA |
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|
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Registered Office : |
Rodovia Ivo Silveira,5900 - Bateas |
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Country : |
Brazil |
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Financials (as on) : |
30.06.2008 |
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Date of Incorporation : |
26.05.1998 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of Plastic Products. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
US$ 750.000,00 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name
INDÚSTRIA E
COMÉRCIO DE PLÁSTICOS CAJOVIL LTDA
ADDRESSES
|
MAIN ADDRESS: |
RODOVIA IVO SILVEIRA,5900 - BATEAS |
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ZIP CODE/CITY: |
88355-202 BRUSQUE/SC |
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PHONE: |
47 3353-2401 |
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FAX: |
47 3353-2440 |
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E-MAIL: |
vendacaj@terra.com.br |
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BRANCHES: |
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ADDRESS: |
RUA QUINTINO BOCAIÚVA,29 |
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ZIP CODE/CITY: |
89135000 APIÚNA/SC |
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PHONE: |
47 3353-2444 |
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ADDRESS: |
RUA SÃO LEOPOLDO,600 - SÃO PEDRO |
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ZIP CODE/CITY: |
88351-765 BRUSQUE/SC |
LEGAL DATA
|
MAIN ACTIVITIES: |
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MANUFACTURE OF PLASTIC PRODUCTS. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
26/05/1998 |
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REGISTER DATE: |
26/05/1998 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
02.575.998/0001-88 |
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STATE REGISTER: |
253.666.406 |
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SHARE CAPITAL: |
R$ 1.590.000,00 |
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LAST REGISTER OF CAPITAL: |
08/03/2006 |
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BOARD OF
DIRECTORS: |
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|
|
|
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LILI ELZA BERNARDI BRANDES |
MANAGER |
|
CARLOS NORBERTO BRANDES |
MANAGER |
|
JORGE LUIZ BRANDES |
MANAGER |
AUTHORIZED USE OF SIGNATURE
|
THE MANAGERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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|
|
|
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LILI ELZA BERNARDI BRANDES |
R$ 1.546.000,00 |
|
CARLOS NORBERTO BRANDES |
R$ 22.000,00 |
|
JORGE LUIZ BRANCES |
R$ 22.000,00 |
|
AFFILIATES /
SUBSIDIARIES: |
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|
|
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BRANDILI TEXTIL IMPORTADORA Y EXPORTADORA S.A (REP DOMINICAN |
|
|
MALHARIA BRANDILI LTDA |
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|
LOJAS BRANDILI LTDA |
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|
GABIPLAST DISTRIB PLASTICOS EXP E IMP LTDA |
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IMPORTADORA Y
EXPORTADORA IMPORTODO LTDA (CHILE) |
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COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON MAY 26, 1998 TO BE ENGAGED IN THE SAID
LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. THE COMPANY OPERATES WITH THE TRADE NAME: CAJOVIL REMARKS: AT YOUR INQUIRY THERE IS THE TELEPHONE NUMBER 47 3348-0003 WHICH
BELONGS TO THE COMPANY GABIPLAST DISTRIBUIDORA DE PLASTICOS LTDA, CNPJ
07.061.885/0001-88 WHICH BELONGS TO MR. JORGE LUIZ BRANDES, WHO IS ALSO THE
SUBJECT'S PARTNER. THE CONTACT PERSON MR. LUCIANO DUTRA WAS TRAVELING AT THE
MOMENT OF OUR INTERVIEW. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
PUBLIC INFORMATION
|
NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 30/06/2008, 31/12/2007 AND 31/12/2006. |
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( FIGURES ARE IN REAIS ). |
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ASSETS |
|
|
|
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CURRENT: |
30/06/2008 |
31/12/2007 |
31/12/2006 |
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|
|
|
|
|
CASH |
537.079,83 |
16.256,68 |
103.965,53 |
|
BANKS |
-355.633,35 |
530.991,68 |
103.614,83 |
|
CLIENTS |
19.696.022,00 |
7.145.362,80 |
2.248.213,37 |
|
ACCOUNTS RECEIVABLE |
|
9.462,12 |
22.599,12 |
|
ADVANCE TO SUPPLIERS |
13.703.704,45 |
9.680.001,33 |
|
|
JUDICIAL DEPOSITS |
|
98.656,97 |
98.656,97 |
|
OTHER ADVANCES |
926.348,49 |
8.747,58 |
|
|
RECOVERABLE TAXES |
1.537.889,05 |
174.119,87 |
123.338,04 |
|
INVENTORY |
2.874.991,48 |
2.628.536,32 |
1.831.486,92 |
|
PRE PAID EXPENSES |
17.339,62 |
17.339,62 |
11.123,60 |
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BANKS-ESCROW ACCOUNT |
|
|
11.858,85 |
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INVESTMENTS |
15.000,00 |
|
508.795,36 |
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---------------- |
---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
38.952.741,57 |
20.309.474,97 |
5.063.652,59 |
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LONG-TERM
RECEIVABLES: |
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|
|
|
|
|
|
|
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JUDICIAL DEPOSITS |
98.656,97 |
|
|
|
ADVANCE TO SUPPLIERS |
385.440,36 |
385.440,36 |
499.047,96 |
|
|
---------------- |
---------------- |
---------------- |
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TOTAL LONG-TERM RECEIVABLES |
484.097,33 |
385.440,36 |
499.047,96 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
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FIXED ASSETS |
6.697.212,92 |
6.267.665,75 |
5.185.923,36 |
|
|
---------------- |
---------------- |
---------------- |
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TOTAL FIXED ASSETS |
6.697.212,92 |
6.267.665,75 |
5.185.923,36 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
46.134.051,82 |
26.962.581,08 |
10.748.623,91 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
30/06/2008 |
31/12/2007 |
31/12/2006 |
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|
|
|
|
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SUPPLIERS |
35.174.628,61 |
8.165.645,35 |
2.696.503,20 |
|
ACCOUNTS PAYABLE |
2.932,34 |
8.373,36 |
8.955,70 |
|
LOANS AND FINANCING |
1.053.527,62 |
11.601.117,26 |
3.646.684,29 |
|
LABOR OBLIGATIONS |
338.882,06 |
264.583,28 |
266.679,66 |
|
TAX LIABILITIES |
59.592,26 |
686.144,93 |
459.200,71 |
|
COMMISSIONS DUE |
199.435,87 |
110.524,82 |
|
|
SOCIAL OBLIGATIONS |
142.659,51 |
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|
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PROVISIONS |
-13.062,56 |
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|
|
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---------------- |
---------------- |
---------------- |
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TOTAL CURRENT LIABILITIES |
36.958.595,71 |
20.836.389,00 |
7.078.023,56 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
ACCOUNTS PAYABLE |
3.166.000,00 |
3.166.000,00 |
3.446.000,00 |
|
INTERCOMPANY DEBTS |
846.112,03 |
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|
|
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---------------- |
---------------- |
---------------- |
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TOTAL LONG TERM LIABILITIES |
4.012.112,03 |
3.166.000,00 |
3.446.000,00 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
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SHARE CAPITAL |
1.590.000,00 |
1.590.000,00 |
1.590.000,00 |
|
PROFIT RESERVES |
980.192,08 |
2.965.591,73 |
|
|
ACCRUED PROFIT (LOSS) |
210.000,00 |
-1.595.399,65 |
-1.365.399,65 |
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|
---------------- |
---------------- |
---------------- |
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TOTAL NET EQUITY |
2.780.192,08 |
2.960.192,08 |
224.600,35 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
43.750.899,82 |
26.962.581,08 |
10.748.623,91 |
|
PROFIT AND LOSS ACCOUNTS AS OF 30/06/2008, 31/12/2007 AND 31/12/2006. |
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( FIGURES ARE IN REAIS ). |
|
|
30/06/2008 |
31/12/2007 |
31/12/2006 |
|
|
|
|
|
|
GROSS SALES |
56.794.564,71 |
45.237.734,95 |
28.790.830,28 |
|
(-) TAXES ON SALES |
15.663.986,50 |
11.799.098,70 |
7.102.107,51 |
|
|
---------------- |
---------------- |
---------------- |
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NET SALES |
41.130.578,21 |
33.438.636,25 |
21.688.722,77 |
|
(-) COST OF SOLD GOODS |
29.819.276,77 |
24.323.107,09 |
15.188.042,41 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
11.311.301,44 |
9.115.529,16 |
6.500.680,36 |
|
OPERATING REVENUE (EXPENSE) |
-2.094.543,58 |
-3.972.545,60 |
-3.004.259,94 |
|
FINANCIAL REVENUE(EXPENSE) |
-1.047.801,94 |
-663.952,84 |
-351.888,90 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
8.168.955,92 |
4.479.030,72 |
3.144.531,52 |
|
NON-OPERATING RESULT |
110.000,00 |
|
|
|
CONTRIBUTION/INCOME TAX |
|
-1.543.438,99 |
-1.050.277,41 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
8.278.955,92 |
2.935.591,73 |
2.094.254,11 |
MONTHLY SALES
|
|
2008 |
2007 |
|
|
--------------------- |
--------------------- |
|
JANUARY |
R$ 7.565.618,25 |
R$ 1.768.622,01 |
|
FEBRUARY |
R$ 7.446.303,38 |
R$ 2.353.655,47 |
|
MARCH |
R$ 10.555.651,83 |
R$ 3.124.813,60 |
|
APRIL |
R$ 9.087.013,38 |
R$ 3.444.473,64 |
|
MAY |
R$ 11.896.522,87 |
R$ 2.789.034,34 |
|
JUNE |
R$ 10.201.403,90 |
R$ 3.237.143,35 |
|
JULY |
|
R$ 2.964.056,42 |
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AUGUST |
|
R$ 3.299.290,89 |
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SEPTEMBER |
|
R$ 3.514.040,31 |
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OCTOBER |
|
R$ 4.285.450,84 |
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NOVEMBER |
|
R$ 7.272.431,64 |
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DECEMBER |
|
R$ 4.592.658,77 |
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TOTAL |
R$ 56.752.513,61 |
R$ 42.645.671,28 |
RATIOS
|
|
|||||
|
|
30/06/2008 |
31/12/2007 |
31/12/2006 |
|||
|
QUICK RATIO |
,98 |
|
,85 |
|
,46 |
|
|
CURRENT RATIO |
1,05 |
|
,97 |
|
,72 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
2,09 |
TIMES |
4,68 |
TIMES |
9,65 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
86,20 |
DAYS |
76,93 |
DAYS |
37,32 |
DAYS |
|
INVENTORY TURNOVER |
10,37 |
TIMES |
9,25 |
TIMES |
8,29 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
212,33 |
DAYS |
120,86 |
DAYS |
63,91 |
DAYS |
|
RETURN ON ASSETS |
,89 |
TIMES |
1,24 |
TIMES |
2,02 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
14,79 |
TIMES |
11,30 |
TIMES |
96,57 |
TIMES |
|
NET WORTH TIE-UP |
2,41 |
|
2,12 |
|
23,09 |
|
|
INDEBTEDNESS |
14,74 |
|
8,11 |
|
46,86 |
|
|
EQUITY RATIO |
6,03 |
% |
10,98 |
% |
2,09 |
% |
|
WORKING CAPITAL RATIO |
5,40 |
% |
-2,53 |
% |
-28,46 |
% |
|
GENERAL SOLVENCY |
1,13 |
|
1,12 |
|
1,02 |
|
|
RETURN ON NET EQUITY |
297,78 |
% |
99,17 |
% |
932,44 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
20,13 |
% |
8,78 |
% |
9,66 |
% |
|
GROSS PROFIT MARGIN |
27,50 |
% |
27,26 |
% |
29,97 |
% |
|
OPERATIONAL RESULT |
19,86 |
% |
13,39 |
% |
14,50 |
% |
|
SALES TURNOVER ON LIABILITIES |
1,11 |
TIMES |
1,60 |
TIMES |
3,06 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
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FOREIGN CURRENCY ON LIABILITIES |
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EXCHANGE RATE
|
|
|
US$ 1,00 = R$ 1,61 |
- OFFICIAL RATE ON 11/08/2008 |
|
US$ 1,00 = R$ 1,77 |
- OFFICIAL RATE ON 31/12/2007 |
|
US$ 1,00 = R$ 2,13 |
- OFFICIAL RATE ON 31/12/2006 |
COMMENTS ON THE FINANCIAL
INFORMATION
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE ANNUAL FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING. IT
IS NOTED LOW CURRENT RATIO AND THE LEVEL OF INDEBTEDNESS KEEPS HIGH BUT
DECREASED SHARPLY. IN ADDITION IT IS NOTED HIGH GROWING SALES AND
PROFITABILITY. THE INTERIM FIGURES FOR JUNE 2008 SHOW IMPROVED FINANCIAL DATA. THE INDEBTEDNESS
INCREASED AND IT IS CONSIDERED VERY HIGH. ON OTHER HAND THE LIQUIDITY WAS
IMPROVED AND THE COMPANY OPERATES WITH HIGH GROWING SALES TREND AND HIGH
PROFITABILITY. REMARKS: AT THE INTERIM FIGURES THE TOTAL ASSETS DOES NOT MATCH THE TOTAL
LIABILITIES. HOWEVER, THE SUBJECT DID NOT SEND ANY CLARIFICATION ABOUT IT
NEITHER ABOUT SUCH INCREASE ON THE SALES VOLUME |
REAL ESTATE
OWNED PREMISES ARE VALUED AT R$ 3.087.490,61
THE PARTNERS OWN REAL ESTATE VALUED AT R$ 2.614.894,00
VEHICLES
OWNED VEHICLES ARE VALUED AT R$ 88.523,76
THE PARTNERS OWN VEHICLES VALUED AT R$ 126.500,00
MACHINES
NOT AVAILABLE
INSURANCE
|
INSURANCE COMPANY: |
GENERALI CIA DE SEGUROS |
|
COVERAGE: |
WINDSTORM, ELECTRIC DAMAGES, CIVIL LIABILITY AND OTHERS |
|
EXPIRATION: |
NOT AVAILABLE |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
|
|
BANCO BRADESCO S/A |
47 3322-9788 |
|
|
BANCO DO BRASIL S/A |
47 3321-2565 |
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|
BANCO ITAU S/A |
47 3326-5410 |
|
|
BANCO SAFRA S/A |
47 2123-6600 |
|
|
BANCO UNIBANCO S/A |
47 3326-9588 |
|
|
BANCO BANRISUL S/A |
47 2102-9100 |
|
|
BANCO MERCANTIL DO BRASIL S/A |
47 2102-6550 |
|
|
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 AUGUST 11, 2008. |
ACTIVITIES COMMENTS
|
MANUFACTURE OF PLASTIC-MADE HOUSEHOLD UTILITIES SUCH AS PRODUCTS FOR
CLEANING, ORGANIZERS, KITCHENWARE, PRODUCTS FOR FEEDING, ORGANIZERS, HYGIENE,
BATHTUBS AND BABY BUGGYS. |
IMPORT AND EXPORT
IMPORTS FROM:
|
CHINA, VENEZUELA, ARGENTINA AND UNITED STATES. VALUE (2007) US$ 3.155.223,42 |
EXPORTS TO:
|
PANAMA, ARGENTINA, ANGOLA, EMIRADOS ARABES, PARAGUAY AND VENEZUELA. VALUE (2007) US$ 1.193.451,92 |
MAIN CLIENTS
|
||
|
|
|
|
|
DOMESTIC
CLIENTS: |
CITY: |
PHONE: |
|
AVON COSMÉTICOS LTDA |
SÃO PAULO/SP |
11 5546-7716 |
|
CARREFOUR COM E IND LTDA |
UBERLÂNDIA/MG |
34 3239-5700 |
|
CIA BRAS. DISTRIBUIÇÃO (PÃO DE AÇÚCAR ) |
SÃO PAULO/SP |
11 3886-0776 |
|
CONFECÇÕES EMÍLIO LTDA |
SÃO PAULO/SP |
11 2146-4660 |
|
HAVAN LOJAS DE DEPARTAMENTOS LTDA |
BRUSQUE/SC |
47 3251-5000 |
STAFF
|
|
|
|
THE COMPANY HAS: 230 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1998. SO FAR
IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOUR. IT IS A FAMILY-RUN
COMPANY AND BOTH THE COMPANY AND THE PRINCIPALS ENJOY A FAVORABLE REPUTATION
AMONG LOCAL TRADE SOURCES. THE COMPANY HAS TRADE RELATIONS WITH SOME 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. |
MAIN SUPPLIERS
|
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
CITY: |
PHONE: |
|
BRASKEM |
TRIUNFO/RS |
11 3443-9731 |
|
IPIRANGA PETROQUIMICA |
TRIUNFO/RS |
51 3216-4268 |
|
POLIMARKETING REINAS PETROQUIMICAS LTDA |
JOINVILLE/SC |
47 3425-5822 |
|
SELPACK IND E COM DE PLASTICOS LTDA |
AMERICANA/SP |
19 3468-4044 |
|
TROMBINI INDUSTRIAL S/A |
FARROUPILHA/RS |
54 2109-7000 |
PAYMENT HISTORY
|
|
18 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 342.995,00 |
|
|
|
AMOUNT OF INVOICES PAID: 115 |
|
TOTAL OF PROMPT PAYMENTS: 99,6% |
|
TOTAL OF DELAYED PAYMENTS: 0,4% |
|
|
|
HIGHEST INVOICE: R$ 18.433,00 |
|
HIGHEST CREDIT: R$ 18.433,00 |
OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
1 |
4 |
R$ 6.020,00 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. UP TO DATE IT HAS A SATISFACTORY FINANCIAL STANDING, A CLEAR TRADE
HISTORY AND GOOD PAYMENT BEHAVIOUR. 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. A CREDIT LIMIT OF US$ 750.000,00 MAY BE CONSIDERED. |
BALANCE SHEET ANALYSIS
|
FIGURES ARE IN REAIS |
|
|
|
|||
|
|
6/30/2008 |
|
12/31/2007 |
|
12/31/2006 |
|
|
ASSETS |
|
% |
|
% |
|
% |
|
Current Assets |
84.43 |
$ 20,309,475 |
75.32 |
$ 5,063,653 |
47.11 |
|
|
Fixed Assets |
$ 6,697,213 |
14.52 |
$ 6,267,666 |
23.25 |
$ 5,185,923 |
48.25 |
|
TOTAL ASSETS |
$ 46,134,052 |
100.00 |
$ 26,962,581 |
100.00 |
$ 10,748,624 |
100.00 |
|
LIABILITIES |
|
|
|
|
|
|
|
Current
Liabilities |
$ 36,958,596 |
84.48 |
$ 20,836,389 |
77.28 |
$ 7,078,024 |
65.85 |
|
Long-Term Liabilities |
$ 4,012,112 |
9.17 |
$ 3,166,000 |
11.74 |
$ 3,446,000 |
32.06 |
|
TOTAL
LIABILITIES |
$ 40,970,708 |
93.65 |
$ 24,002,389 |
89.02 |
$ 10,524,024 |
97.91 |
|
Deferred
Income |
$ - |
0.00 |
$ - |
0.00 |
$ - |
0.00 |
|
Net Equity |
$ 2,780,192 |
6.35 |
$ 2,960,192 |
10.98 |
$ 224,600 |
2.09 |
|
TOTAL
LIABILITIES + NET EQUITY |
$ 43,750,900 |
100.00 |
$ 26,962,581 |
100.00 |
$ 10,748,624 |
100.00 |
|
PROFIT AND
LOSS ACCOUNTS |
|
|
|
|
|
|
|
Net Sales |
$ 41,130,578 |
100.00 |
$ 33,438,636 |
100.00 |
$ 21,688,723 |
100.00 |
|
Costs |
$ 29,819,277 |
72.50 |
$ 24,323,107 |
72.74 |
$ 15,188,042 |
70.03 |
|
Gross Profit |
$ 1,311,301 |
27.50 |
$ 9,115,529 |
27.26 |
$ 6,500,680 |
29.97 |
|
Operating
expenses |
$ (2,094,544) |
-5.09 |
$ (3,972,546) |
-11.88 |
$ (3,004,260) |
-13.85 |
|
operational
Result |
$ 8,168,956 |
19.86 |
$ 4,479,031 |
13.39 |
$ 3,144,532 |
14.50 |
|
Net Profit
(loss) |
$ 8,278,956 |
20.13 |
$ 2,935,592 |
8.78 |
$ 2,094,254 |
9.66 |
|
COMPLEMENTARY
DATA |
|
|
|
|
|
|
|
Inventory |
$ 2,874,991 |
|
$ 2,628,536 |
|
$ 1,831,487 |
|
|
Accounts
receivable |
$ 19,696,022 |
|
$ 7,145,363 |
|
$ 2,248,213 |
|
|
Accounts
Payable |
$ 35,174,629 |
|
$ 8,165,645 |
|
$ 2,696,503 |
|
|
Property,
plant and equipment |
$ 6,697,213 |
|
$ 6,267,666 |
|
$ 5,185,923 |
|
|
Purchases |
$ 6,697,213 |
|
$ 6,267,666 |
|
$ 5,185,923 |
|
|
Financial
Expenses |
$ (1,047,802) |
|
$ (663,953) |
|
$ (351,889) |
|
|
Foreign
Currency Assets |
|
|
|
|
|
|
|
Foreign
Currency Liabilities |
|
|
|
|
|
|
|
Working Capital |
$ 1,994,146 |
|
$ (526,914) |
|
$ (2,014,371) |
|
|
RATIOS: |
|
|
|
|
|
|
|
QUICK RATIO |
0.98 |
|
0.85 |
|
0.46 |
|
|
CURRENT RATIO |
1.05 |
|
0.97 |
|
0.72 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
2.09 |
times |
4.68 |
times |
9.65 |
times |
|
DAYS' SALES IN RECEIVABLES |
86.20 |
days |
76.93 |
days |
37.32 |
days |
|
INVENTORY TURNOVER |
10.37 |
times |
9.25 |
times |
8.29 |
times |
|
212.33 |
days |
120.86 |
days |
63.91 |
days |
|
|
RETURN ON ASSETS |
0.89 |
times |
1.24 |
times |
2.02 |
times |
|
SALES TURNOVER ON NET EQUIY |
14.79 |
times |
11.30 |
times |
96.57 |
times |
|
NET WORTH TIE-UP |
2.41 |
|
2.12 |
|
23.09 |
|
|
ENDEBTEDNESS |
14.74 |
|
8.11 |
|
46.86 |
|
|
EQUITY RATIO |
6.03 |
% |
10.98 |
% |
2.09 |
% |
|
WORKING CAPITAL RATIO |
5.40 |
% |
(2.53) |
% |
(28.46) |
% |
|
GENERAL SOLVENCY |
1.13 |
|
1.12 |
|
1.02 |
|
|
RETURN ON NET EQUITY |
297.78 |
% |
99.17 |
% |
932.44 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
20.13 |
% |
8.78 |
% |
9.66 |
% |
|
GROSS PROFIT MARGIN |
27.50 |
% |
27.26 |
% |
29.97 |
% |
|
OPERATIONAL RESULT |
19.86 |
% |
13.39 |
% |
14.50 |
% |
|
SALES TURNOVER ON LIABILITIES |
1.11 |
times |
1.60 |
times |
3.06 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
- |
% |
- |
% |
|
FOREIGN CURRENCY ON LIABILITIES |
- |
% |
- |
% |
- |
% |
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FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.67 |
|
UK Pound |
1 |
Rs.80.92 |
|
Euro |
1 |
Rs.63.71 |
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. |
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%)