MIRA
INFORM REPORT
|
Report Date : |
02.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SINTEQUIMICA DO BRASIL LTDA |
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|
|
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Registered Office : |
Av. Antônio Da Costa Azevedo, 90 Peixinhos 53220-130 - Olinda/PE |
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Country : |
Brazil |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
18.02.1954 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Production of Organic and Non-Organic Pigments for the Plastic, Textile,
Painting and Pesticide Industry |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name of the company
SINTEQUIMICA DO
BRASIL LTDA
ADDRESSES
|
MAIN ADDRESS: |
AV. ANTÔNIO DA COSTA AZEVEDO, 90 PEIXINHOS |
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ZIP CODE/CITY: |
53220-130 - OLINDA/PE |
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PHONE: |
11 4605-2777 |
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FAX: |
11 4605-2777 |
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E-MAIL: |
eloy@sintequimica.com.br |
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WEB SITE: |
www.sintequimica.com.br |
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BRANCHES: |
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ADDRESS: |
RODOVIA PRESIDENTE TANCREDO DE ALMEIDA NEVES KM 35 |
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ZIP CODE/CITY: |
07700-970 CAIEIRAS/SP |
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CNPJ: |
10.576.411/0000-34 |
LEGAL DATA
|
MAIN
ACTIVITIES: |
|
PRODUCTION OF ORGANIC AND NON-ORGANIC PIGMENTS FOR THE PLASTIC,
TEXTILE, PAINTING AND PESTICIDE INDUSTRY. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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|
|
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INCORPORATION DATE: |
18/02/1954 |
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REGISTER DATE: |
18/02/1954 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
10.576.411/0001-83 |
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STATE REGISTER: |
0007273-77 |
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|
|
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SHARE CAPITAL: |
R$ 9.000.000,00 |
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BOARD OF
DIRECTORS: |
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|
|
|
|
MARCELO MACEDO |
COMMERCIAL DIRECTOR |
|
JOSE CLARINDO DE MACEDO |
COMMERCIAL DIRECTOR |
|
SILVINO PEDRO DA SILVA |
FINANCIAL DIRECTOR |
|
ELOY PEDRO DA SILVA |
DIRECTOR |
AUTHORIZED USE OF SIGNATURE
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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|
|
|
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SILVINO PEDRO DA SILVA |
50% |
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JOSE CLARINDO DE MACEDO |
50% |
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AFFILIATES /
SUBSIDIARIES: |
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|
|
|
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NO SHARE INTERESTS IN OTHER COMPANIES WERE REPORTED. |
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COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON FEBRUARY 18, 1954 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 WAS AWARDED THE CERTIFICATION ISO 9001:2000, AND WAS
AWARDED IN JULY 2004 THE ENVIRONMENT MANAGEMENT CERTIFICATION AS PER ISO
14001 IN OLINDA/PE. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
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PUBLIC
INFORMATION: |
|
LAWSUITS: |
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|
|
DATE: |
COURT OF LAW: |
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1 |
FEDERAL LAWSUIT |
12/05/05 |
11º VARA DE RECIFE/PE |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 31/12/2007, 31/12/2006 AND 31/12/2005. |
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( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2007 |
31/12/2006 |
31/12/2005 |
|
|
|
|
|
|
CASH |
656.528,92 |
274.867,89 |
530.059,66 |
|
INVENTORY |
8.004.091,69 |
7.505.096,73 |
7.097.763,56 |
|
CLIENTS |
3.124.448,51 |
3.343.431,41 |
2.453.287,04 |
|
ADVANCES |
13.444,08 |
30.000,00 |
3.177,00 |
|
RECOVERABLE TAXES |
1.898.066,68 |
1.581.157,08 |
1.007.824,37 |
|
ADVANCE TO EMPLOYEES |
|
15.308,56 |
7.763,24 |
|
CURRENT ACCOUNT |
61.935,84 |
|
|
|
IMPORTS IN PROGRESS |
|
|
22.884,55 |
|
|
---------------- |
---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
13.758.515,72 |
12.749.861,67 |
11.122.759,42 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
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JUDICIAL DEPOSITS |
7.997.113,56 |
6.754.040,00 |
5.540.572,57 |
|
GRANTED LOANS |
5.857,18 |
5.857,18 |
5.857,18 |
|
COMPULSORY LOANS |
3.320,43 |
3.320,43 |
3.320,43 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
8.006.291,17 |
6.763.217,61 |
5.549.750,18 |
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FIXED ASSETS: |
|
|
|
|
|
|
|
|
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INVESTMENTS |
6.681,22 |
6.681,22 |
6.487,22 |
|
FIXED ASSETS |
3.828.948,93 |
3.646.994,45 |
3.624.266,56 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
3.835.630,15 |
3.653.675,67 |
3.630.753,78 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
25.600.437,04 |
23.166.754,95 |
20.303.263,38 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2007 |
31/12/2006 |
31/12/2005 |
|
|
|
|
|
|
BANKING DEBTS |
587.979,15 |
545.989,78 |
|
|
SUPPLIERS |
650.316,80 |
790.653,78 |
356.387,38 |
|
TAX LIABILITIES |
348.430,35 |
329.094,21 |
143.094,77 |
|
SOCIAL OBLIGATIONS |
74.424,62 |
63.279,63 |
55.821,53 |
|
PROVISIONS |
1.284.413,24 |
1.194.411,00 |
585.854,60 |
|
LABOR PROVISIONS |
319.942,24 |
237.454,51 |
239.175,03 |
|
OTHER |
|
35.035,18 |
35.035,18 |
|
|
---------------- |
---------------- |
---------------- |
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TOTAL CURRENT LIABILITIES |
3.265.506,40 |
3.195.918,09 |
1.415.368,49 |
|
LONG TERM LIABILITIES:
|
|
|
|
|
|
|
|
|
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JUDICIAL DEPOSITS |
7.648.407,15 |
6.363.508,57 |
5.226.755,16 |
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|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
7.648.407,15 |
6.363.508,57 |
5.226.755,16 |
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NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
7.000.000,00 |
7.000.000,00 |
7.000.000,00 |
|
MONETARY CORRECTION |
194.824,99 |
194.824,99 |
194.824,99 |
|
RESERVES/TAX INCENTIVES |
2.310.619,56 |
2.127.690,65 |
2.057.893,22 |
|
ACCRUED PROFIT (LOSS) |
2.269.812,65 |
1.775.430,10 |
1.898.902,38 |
|
PROFIT (LOSS) OF PERIOD |
2.911.266,29 |
2.509.382,55 |
2.509.519,14 |
|
|
---------------- |
---------------- |
---------------- |
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TOTAL NET EQUITY |
14.686.523,49 |
13.607.328,29 |
13.661.139,73 |
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|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
25.600.437,04 |
23.166.754,95 |
20.303.263,38 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2007, 31/12/2006 AND 31/12/2005. |
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( FIGURES ARE IN REAIS ). |
|
|
31/12/2007 |
31/12/2006 |
31/12/2005 |
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|
|
|
|
|
GROSS SALES |
31.451.579,59 |
27.100.459,59 |
24.555.810,62 |
|
(-) TAXES ON SALES |
7.647.766,00 |
6.534.080,66 |
5.958.979,03 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
23.803.813,59 |
20.566.378,93 |
18.596.831,59 |
|
(-) COST OF SOLD GOODS |
15.932.615,02 |
13.446.868,64 |
11.356.914,35 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
7.871.198,57 |
7.119.510,29 |
7.239.917,24 |
|
OPERATING REVENUE (EXPENSE) |
-3.258.217,39 |
-3.417.491,17 |
-3.316.706,56 |
|
FINANCIAL REVENUE(EXPENSE) |
-61.755,26 |
48.333,89 |
117.563,40 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
4.551.225,92 |
3.750.353,01 |
4.040.774,08 |
|
NON-OPERATING RESULT |
-172.617,48 |
24.934,49 |
-247.960,16 |
|
CONTRIBUTION/INCOME TAX |
-1.284.413,24 |
-1.196.107,52 |
-581.714,31 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
3.094.195,20 |
2.579.179,98 |
3.211.099,61 |
|
MONTHLY SALES |
|||
|
|
2008 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 1.936.000,00 |
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|
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FEBRUARY |
R$ 1.734.000,00 |
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|
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MARCH |
R$ 1.927.000,00 |
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|
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APRIL |
R$ 2.459.000,00 |
|
|
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MAY |
R$ 1.919.000,00 |
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|
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JUNE |
R$ 2.198.000,00 |
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|
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JULY |
R$ 2.899.000,00 |
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|
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AUGUST |
R$ 2.912.000,00 |
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|
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SEPTEMBER |
R$ 3.198.000,00 |
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|
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OCTOBER |
|
|
|
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NOVEMBER |
|
|
|
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DECEMBER |
|
|
|
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TOTAL |
R$ 21.182.000,00 |
|
|
|
RATIOS: |
31/12/2007 |
31/12/2006 |
31/12/2005 |
|
QUICK RATIO |
1,76 |
|
1,64 |
|
2,84 |
|
|
CURRENT RATIO |
4,21 |
|
3,99 |
|
7,86 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
7,62 |
TIMES |
6,15 |
TIMES |
7,58 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
47,25 |
DAYS |
58,52 |
DAYS |
47,49 |
DAYS |
|
INVENTORY TURNOVER |
1,99 |
TIMES |
1,79 |
TIMES |
1,60 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
14,69 |
DAYS |
21,17 |
DAYS |
11,30 |
DAYS |
|
RETURN ON ASSETS |
,93 |
TIMES |
,89 |
TIMES |
,92 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
1,62 |
TIMES |
1,51 |
TIMES |
1,36 |
TIMES |
|
NET WORTH TIE-UP |
,26 |
|
,27 |
|
,27 |
|
|
INDEBTEDNESS |
,74 |
|
,70 |
|
,49 |
|
|
EQUITY RATIO |
57,37 |
% |
58,74 |
% |
67,29 |
% |
|
WORKING CAPITAL RATIO |
321,33 |
% |
298,94 |
% |
685,86 |
% |
|
GENERAL SOLVENCY |
2,35 |
|
2,42 |
|
3,06 |
|
|
RETURN ON NET EQUITY |
21,07 |
% |
18,95 |
% |
23,51 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
13,00 |
% |
12,54 |
% |
17,27 |
% |
|
GROSS PROFIT MARGIN |
33,07 |
% |
34,62 |
% |
38,93 |
% |
|
OPERATIONAL RESULT |
19,12 |
% |
18,24 |
% |
21,73 |
% |
|
SALES TURNOVER ON LIABILITIES |
7,29 |
TIMES |
6,44 |
TIMES |
13,14 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
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FOREIGN CURRENCY ON LIABILITIES |
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|
|
|
|
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EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,26 |
- OFFICIAL RATE ON 27/11/2008 |
|
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 FIGURES AVAILABLE
SHOW A GOOD FINANCIAL STANDING. IT IS NOTED HIGH LIQUIDITY RATIOS, LOW LEVEL
OF INDEBTEDNESS AS WELL AS GROWING SALES AND PROFITABILITY. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 3.573.339,20
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 633.508,10
THE PARTNERS OWN VEHICLES VALUED AT R$ 3.271.957,85
|
MACHINES: |
NOT AVAILABLE
INSURANCE
|
INSURANCE COMPANY: |
PORTO SEGURO |
|
COVERAGE: |
FIRE / THEFT / ELETRICAL DAMAGES / WINDSTORM / CIVIL LIABILITY / OTHERS. |
|
|
|
|
INSURANCE COMPANY: |
ITAU SEGUROS |
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COVERAGE: |
VEHICLES / THEFT / ACIDENTS/OTHERS |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
|
|
BRADESCO S/A |
1236-0 11 4605-3611 |
|
|
BANCO REAL S/A |
0809 11 2227-0066 |
|
|
BANCO DO BRASIL S/A |
1700 11 4605-4744 |
|
|
BANCO ABN AMRO REAL S/A |
0809 11 294-3400 |
|
|
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 SUBJECT IS ENGAGED IN THE PRODUCTION OF ORGANIC AND NON-ORGANIC
PIGMENTS FOR THE PLASTIC, TEXTILE, PAINTING AND PESTICIDE INDUSTRY. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
CHINA, INDIA, UNITED KINGDOM AND USA |
EXPORTS TO:
|
VENEZUELA, PUERTO RICO, PARAGUAY AND ARGENTINA |
|
MAIN CLIENTS: |
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|
|
|
|
|
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DOMESTIC
CLIENTS: |
|
|
|
COTEMINAS S/A |
|
|
|
DOHLER S/A |
|
|
|
PETROFLEX IND. COMERCIO S/A |
|
|
|
TINATAS CORAL |
|
|
|
TINTAS IQUINE S/A |
|
|
|
VICUNHA TEXTIL S/A |
|
|
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STAFF: |
|
|
|
THE COMPANY HAS: 79 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS AN OLD-ESTABLISHED COMPANY,
OPERATING SINCE 1954. SO FAR IT HAS A CLEAR TRADE HISTORY AND NO PAYMENT
PROBLEMS ARE NOTED. 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 LAWSUIT REPORTED IS NOT RELATED WITH
TRADE DEBT. IT IS RELATED TO TAX DEBT THAT FOR ANY REASON THE COMPANY HAS NOT
YET PAID. NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUIT DOES NOT AFFECT THE
COMPANY'S TRADE REPUTATION. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
BANDEIRANTE QUÍMICA LTDA |
|
11 2179-5600 |
|
CABOT BRASIL IND. E COM. LTDA |
|
11 2144-6400 |
|
DU PONT DO BRASIL S.A. |
|
|
|
DUCORTE FERRAMENTAS LTDA |
|
11 3322-2311 |
|
FERREIRA COSTA E CIA LTDA |
|
81 3338-8300 |
|
KOPELL INFORMATICA PAPELARIA LTDA |
|
11 6672-7400 |
|
OXITENO S/A |
|
11 3177-6519 |
|
RESANA S/A |
|
11 479-5800 |
|
ROHM AND HAAS QUÍMICA LTDA |
|
11 5112-9000 |
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
|
|
DOW-REICHHOLD |
UNITED STATES |
|
|
PIDILITE INDUSTRIES |
INDIA |
|
|
SCOTT BADER CO. LTD. |
UNITED KINGDOM |
|
|
TOSHIN KOGYO CO LTD |
JAPAN |
|
|
TRANSPEK -SILOX |
INDIA |
|
|
PAYMENT HISTORY: |
|
23 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 138.124,00 |
|
|
|
AMOUNT OF INVOICES PAID: 66 |
|
TOTAL OF PROMPT PAYMENTS: 99,4% |
|
TOTAL OF DELAYED PAYMENTS: 0,6% |
|
|
|
HIGHEST INVOICE: R$ 7.335,00 |
|
HIGHEST CREDIT: R$ 10.442,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
2 |
2 |
R$ 11.632,00 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS.
UP TO DATE IT HAS GOOD FINANCIAL STANDING, A CLEAR TRADE HISTORY AND GOOD
PAYMENT BEHAVIOUR. 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. AN INITIAL CREDIT LIMIT OF US$ 750.000,00 MAY BE CONSIDERED. HIGHER
AMOUNTS CAN BE GRANTED DEPENDING ON THE IMPORTANCE OF THE OPERATIONS TO BE
ESTABLISHED WITH THE SUBJECT. |
|
SINTEQUIMICA DO BRASIL
LTDA |
|
|
|
BALANCE SHEET
ANALYSIS |
FIGURES ARE IN
REAIS |
|
|
|
31-12-07 |
|
|
ASSETS |
|
% |
|
Current Assets |
53.74 |
|
|
Fixed Assets |
$ 3,835,630 |
14.98 |
|
TOTAL ASSETS |
$ 25,600,437 |
100.00 |
|
LIABILITIES |
|
|
|
Current Liabilities |
$ 3,265,506 |
12.76 |
|
Long-Term Liabilities |
$ 7,648,407 |
29.88 |
|
TOTAL LIABILITIES |
$ 10,913,914 |
42.63 |
|
Deferred Income |
$
- |
0.00 |
|
Net Equity |
$ 14,686,523 |
57.37 |
|
TOTAL LIABILITIES + NET EQUITY |
$ 25,600,437 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
Net Sales |
$ 23,803,814 |
100.00 |
|
Costs |
$
15,932,615 |
66.93 |
|
Gross Profit |
$ 7,871,199 |
33.07 |
|
Operating expenses |
$ (3,258,217) |
-13.69 |
|
operational Result |
$ 4,551,226 |
19.12 |
|
Net Profit (loss) |
$ 3,094,195 |
13.00 |
|
COMPLEMENTARY DATA |
|
|
|
Inventory |
$ 8,004,092 |
|
|
Accounts receivable |
$ 3,124,449 |
|
|
Accounts Payable |
$ 650,317 |
|
|
Property, plant and equipment |
$ 3,828,949 |
|
|
Purchases |
$ 3,835,630 |
|
|
Financial Expenses |
$ (61,755) |
|
|
Foreign Currency Assets |
|
|
|
Foreign Currency Liabilities |
|
|
|
Working Capital |
$ 10,493,009 |
|
|
RATIOS: |
|
|
|
QUICK RATIO |
1.76 |
|
|
CURRENT RATIO |
4.21 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
7.62 |
times |
|
DAYS' SALES IN RECEIVABLES |
47.25 |
days |
|
INVENTORY TURNOVER |
1.99 |
times |
|
14.69 |
days |
|
|
RETURN ON ASSETS |
0.93 |
times |
|
SALES TURNOVER ON NET EQUIY |
1.62 |
times |
|
NET WORTH TIE-UP |
0.26 |
|
|
ENDEBTEDNESS |
0.74 |
|
|
EQUITY RATIO |
57.37 |
% |
|
WORKING CAPITAL RATIO |
321.33 |
% |
|
GENERAL SOLVENCY |
2.35 |
|
|
RETURN ON NET EQUITY |
21.07 |
% |
|
RETURN ON SALES (PROFIT
MARGIN) |
13.00 |
% |
|
GROSS PROFIT MARGIN |
33.07 |
% |
|
OPERATIONAL RESULT |
19.12 |
% |
|
SALES TURNOVER ON LIABILITIES |
7.29 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
|
FOREIGN CURRENCY ON
LIABILITIES |
- |
% |
|
SINTEQUIMICA DO
BRASIL LTDA |
|
|
|
|
|
BALANCE SHEET
ANALYSIS |
|
|
|
|
|
|
31-12-06 |
|
31-12-05 |
|
|
ASSETS |
|
% |
|
% |
|
Current Assets |
$ 12,749,862 |
55.04 |
$ 11,122,759 |
54.78 |
|
Fixed Assets |
$ 3,653,676 |
15.77 |
$ 3,630,754 |
17.88 |
|
TOTAL ASSETS |
$ 23,166,755 |
100.00 |
$ 20,303,263 |
100.00 |
|
LIABILITIES |
|
|
|
|
|
Current Liabilities |
$ 3,195,918 |
13.80 |
$ 1,415,368 |
6.97 |
|
Long-Term Liabilities |
$ 6,363,509 |
27.47 |
$ 5,226,755 |
25.74 |
|
TOTAL LIABILITIES |
$ 9,559,427 |
41.26 |
$ 6,642,124 |
32.71 |
|
Deferred Income |
$ - |
0.00 |
$ - |
0.00 |
|
Net Equity |
$ 13,607,328 |
58.74 |
$ 13,661,140 |
67.29 |
|
TOTAL LIABILITIES + NET EQUITY |
$ 23,166,755 |
100.00 |
$ 20,303,263 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
|
Net Sales |
$ 20,566,379 |
100.00 |
$ 18,596,832 |
100.00 |
|
Costs |
$ 13,446,869 |
65.38 |
$ 11,356,914 |
61.07 |
|
Gross Profit |
$ 7,119,510 |
34.62 |
$ 7,239,917 |
38.93 |
|
Operating expenses |
$ (3,417,491) |
-16.62 |
$ (3,316,707) |
-17.83 |
|
operational Result |
$ 3,750,353 |
18.24 |
$ 4,040,774 |
21.73 |
|
Net Profit (loss) |
$ 2,579,180 |
12.54 |
$ 3,211,100 |
17.27 |
|
COMPLEMENTARY DATA |
|
|
|
|
|
Inventory |
$ 7,505,097 |
|
$ 7,097,764 |
|
|
Accounts receivable |
$ 3,343,431 |
|
$ 2,453,287 |
|
|
Accounts Payable |
$ 790,654 |
|
$ 356,387 |
|
|
Property, plant and equipment |
$ 3,646,994 |
|
$ 3,624,267 |
|
|
Purchases |
$ 3,653,676 |
|
$ 3,630,754 |
|
|
Financial Expenses |
$ 48,334 |
|
$ 117,563 |
|
|
Foreign Currency Assets |
|
|
|
|
|
Foreign Currency Liabilities |
|
|
|
|
|
Working Capital |
$ 9,553,944 |
|
$ 9,707,391 |
|
|
RATIOS: |
|
|
|
|
|
QUICK RATIO |
1.64 |
|
2.84 |
|
|
CURRENT RATIO |
3.99 |
|
7.86 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
6.15 |
times |
7.58 |
times |
|
DAYS' SALES IN RECEIVABLES |
58.52 |
days |
47.49 |
days |
|
INVENTORY TURNOVER |
1.79 |
times |
1.60 |
times |
|
ACCOUNTS PAYABLE PERIOD |
21.17 |
days |
11.30 |
days |
|
RETURN ON ASSETS |
0.89 |
times |
0.92 |
times |
|
SALES TURNOVER ON NET EQUIY |
1.51 |
times |
1.36 |
times |
|
NET WORTH TIE-UP |
0.27 |
|
0.27 |
|
|
ENDEBTEDNESS |
0.70 |
|
0.49 |
|
|
EQUITY RATIO |
58.74 |
% |
67.29 |
% |
|
WORKING CAPITAL RATIO |
298.94 |
% |
685.86 |
% |
|
GENERAL SOLVENCY |
2.42 |
|
3.06 |
|
|
RETURN ON NET EQUITY |
18.95 |
% |
23.51 |
% |
|
RETURN ON SALES (PROFIT
MARGIN) |
12.54 |
% |
17.27 |
% |
|
GROSS PROFIT MARGIN |
34.62 |
% |
38.93 |
% |
|
OPERATIONAL RESULT |
18.24 |
% |
21.73 |
% |
|
SALES TURNOVER ON LIABILITIES |
6.44 |
times |
13.14 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
- |
% |
|
FOREIGN CURRENCY ON
LIABILITIES |
- |
% |
- |
% |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.52 |
|
UK Pound |
1 |
Rs.75.08 |
|
Euro |
1 |
Rs.63.72 |
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%)