MIRA
INFORM REPORT
|
Report Date : |
20.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
PRATI, DONADUZZI & CIA LTDA. |
|
|
|
|
Registered Office : |
Rua Mitsugoro Tanaka,145 - Centro Indústrial Nilton Arruda |
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|
|
|
Country : |
Brazil |
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|
|
|
Financials (as on) : |
31.12.2007 |
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|
|
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Date of Incorporation : |
03.11.1993 |
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|
Legal Form : |
Limited Liability Company |
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|
|
|
Line of Business : |
Manufacture of Chemical Pharmaceutical Products - Medicines. |
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 |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
name of the company
PRATI, DONADUZZI
& CIA LTDA.
ADDRESSES
|
MAIN ADDRESS: |
RUA MITSUGORO TANAKA,145 - CENTRO INDÚSTRIAL NILTON ARRUDA |
|
ZIP CODE/CITY: |
85903-930 - TOLEDO/PR |
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|
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PHONE: |
45 3277-1166 |
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FAX: |
45 3277-0991 |
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E-MAIL: |
contabilidade@pratidonaduzzi.com.br |
|
WEB SITE: |
www.pratidonaduzzi.com.br |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF CHEMICAL PHARMACEUTICAL PRODUCTS - MEDICINES. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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|
|
|
INCORPORATION DATE: |
03/11/1993 |
|
REGISTER DATE: |
03/11/1993 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
73.856.593/0001-66 |
|
STATE REGISTER: |
418.06327-06 |
|
|
|
|
SHARE CAPITAL: |
R$ 12.900.000,00 |
|
LAST REGISTER OF CAPITAL: |
27/11/2007 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
CELSO AGUSTINHO PRATI |
MANAGING PARTNER |
|
LUIZ DONADUZZI |
MANAGING PARTNER |
|
ARNO DONAZUZZI |
DIRECTOR |
AUTHORIZED USE OF SIGNATURE
|
THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
LUIZ DONADUZZI |
R$ 7.224.000,00 |
|
CELSO AGUSTINHO PRATI |
R$ 3.612.000,00 |
|
ARNO DONADUZZI |
R$ 2.064.000,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
CENTRAL PACK EMBALAGENS LTDA |
|
|
CENTRO DE ESTUDOS DE BIOEQUIVALENCIA VINHEDO DIST. MED. LTD |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON NOVEMBER 03, 1993 AS FARMACO INDUSTRIA
FARMACEUTICA LTDA TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON NOVEMBER 11,
2002 IT ADOPTED THE ABOVE MENTIONED NAME AND UP TO DATE IT IS STILL OPERATING
WITHIN THE GENERAL SCENE REPORTED HEREIN. THE COMPANY OPERATES WITH THE TRADE NAME: PRATI, DONADUZZI FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 31/12/2007, 31/12/2006 AND 31/12/2005. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2007 |
31/12/2006 |
31/12/2005 |
|
CASH AND BANKS |
2.610.912,05 |
433.252,15 |
1.491.951,34 |
|
CLIENTS |
35.986.596,42 |
25.435.770,59 |
22.228.514,64 |
|
DISCOUNTED NOTES |
-1.018.858,15 |
|
|
|
NOTES RECEIVABLE |
|
402.752,52 |
81.485,20 |
|
ADVANCES |
1.826.397,80 |
1.762.959,07 |
730.845,49 |
|
ADVANCE TO EMPLOYEES |
|
252.028,53 |
|
|
RECOVERABLE TAXES |
1.799.757,67 |
3.175.846,06 |
2.566.089,37 |
|
CURRENT ACCOUNT |
|
|
33.816,96 |
|
INVENTORY |
14.823.804,15 |
14.970.874,97 |
9.810.023,75 |
|
PRE PAID EXPENSES |
3.346.615,07 |
3.494.006,68 |
2.138.243,14 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
59.375.225,01 |
49.927.490,57 |
39.080.969,89 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
LEASING |
1.009.052,47 |
1.143.881,18 |
724.801,14 |
|
INVESTMENTS |
|
|
20.590,60 |
|
JUDICIAL DEPOSITS |
5.805,04 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
1.014.857,51 |
1.143.881,18 |
745.391,74 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
|
|
4.650,45 |
|
FIXED ASSETS |
41.799.651,43 |
32.063.535,17 |
17.368.178,03 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
41.799.651,43 |
32.063.535,17 |
17.372.828,48 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
102.189.733,95 |
83.134.906,92 |
57.199.190,11 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2007 |
31/12/2006 |
31/12/2005 |
|
|
|
|
|
|
LOANS AND FINANCING |
14.173.808,03 |
13.239.449,53 |
3.442.522,51 |
|
ACCOUNTS PAYABLE |
|
9.434,02 |
2.127,64 |
|
CURRENT ACCOUNT |
|
490.493,84 |
5.721,83 |
|
SUPPLIERS |
15.282.792,80 |
13.419.025,13 |
8.991.261,55 |
|
TAXES & CONTRIBUTIONS |
6.033.815,77 |
1.764.735,50 |
2.490.489,52 |
|
LABOR OBLIGATIONS |
4.437.332,68 |
1.793.350,21 |
1.273.399,27 |
|
OTHER |
|
181.309,43 |
34.413,42 |
|
ADVANCE FROM CLIENTS |
1.176.132,47 |
996.960,55 |
295.320,02 |
|
GOODS FROM THIRD PARTIES |
|
|
2.142,15 |
|
PROVISIONS |
|
1.911.904,31 |
1.335.503,80 |
|
CURRENT ACCOUNTS WITH PARTNERS |
|
930.210,42 |
|
|
SOCIAL OBLIGATIONS |
292.390,84 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
41.396.272,59 |
34.736.872,94 |
17.872.901,71 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
|
6.450.642,95 |
7.743.169,12 |
|
INSTALLMENTS TAXES PAYABLE |
|
20.638.872,74 |
13.689.287,15 |
|
INSTALLMENTS TAXES PAYABLE |
23.230.976,06 |
|
|
|
SUPPLIERS |
6.689.957,56 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
29.920.933,62 |
27.089.515,69 |
21.432.456,27 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
12.900.000,00 |
8.600.000,00 |
8.600.000,00 |
|
ACCRUED PROFIT (LOSS) |
17.972.527,74 |
12.708.518,29 |
9.293.832,13 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
30.872.527,74 |
21.308.518,29 |
17.893.832,13 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
102.189.733,95 |
83.134.906,92 |
57.199.190,11 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2007, 31/12/2006 AND 31/12/2005. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2007 |
31/12/2006 |
31/12/2005 |
|
|
|
|
|
|
GROSS SALES |
154.165.042,35 |
130.230.364,36 |
97.335.694,52 |
|
(-) TAXES ON SALES |
28.238.938,92 |
21.179.251,33 |
17.633.718,25 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
125.926.103,43 |
109.051.113,03 |
79.701.976,27 |
|
(-) COST OF SOLD GOODS |
76.278.401,77 |
69.295.271,45 |
46.996.113,55 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
49.647.701,66 |
39.755.841,58 |
32.705.862,72 |
|
OPERATING REVENUE (EXPENSE) |
-43.655.400,94 |
-31.022.633,67 |
-18.830.307,46 |
|
FINANCIAL REVENUE(EXPENSE) |
-3.526.220,94 |
-4.434.879,96 |
-3.232.339,86 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
2.466.079,78 |
4.298.327,95 |
10.643.215,40 |
|
NON-OPERATING RESULT |
42.513,40 |
21.294,87 |
-8.753,34 |
|
CONTRIBUTION/INCOME TAX |
|
-632.237,01 |
-3.567.354,11 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
2.508.593,18 |
3.687.385,81 |
7.067.107,95 |
|
MONTHLY SALES |
|||
|
|
2008 |
2007 |
|
|
|
--------------------- |
--------------------- |
|
|
JANUARY |
R$ 15.367.196,77 |
R$ 9.819.362,93 |
|
|
FEBRUARY |
R$ 11.936.087,22 |
R$ 8.745.618,35 |
|
|
MARCH |
R$ 15.020.538,02 |
R$ 11.460.319,20 |
|
|
APRIL |
R$ 16.687.376,27 |
R$ 10.503.241,86 |
|
|
MAY |
R$ 19.374.863,92 |
R$ 12.705.598,81 |
|
|
JUNE |
R$ 17.590.476,17 |
R$ 14.734.466,30 |
|
|
JULY |
R$ 18.623.659,48 |
R$ 14.402.814,81 |
|
|
AUGUST |
R$ 17.960.782,49 |
R$ 14.053.718,37 |
|
|
SEPTEMBER |
|
R$ 12.001.126,24 |
|
|
OCTOBER |
|
R$ 13.980.397,08 |
|
|
NOVEMBER |
|
R$ 3.306.243,15 |
|
|
DECEMBER |
|
R$ 16.631.433,59 |
|
|
TOTAL |
R$
132.560.980,34 |
R$
142.344.340,69 |
|
|
RATIOS: |
31/12/2007 |
31/12/2006 |
31/12/2005 |
|
QUICK RATIO |
1,08 |
|
1,01 |
|
1,64 |
|
|
CURRENT RATIO |
1,43 |
|
1,44 |
|
2,19 |
|
|
ACCOUNTS
RECEIVABLE TURNOVER |
3,50 |
TIMES |
4,29 |
TIMES |
3,59 |
TIMES |
|
DAYS' SALES IN
RECEIVABLES |
102,88 |
DAYS |
83,97 |
DAYS |
100,40 |
DAYS |
|
INVENTORY
TURNOVER |
5,15 |
TIMES |
4,63 |
TIMES |
4,79 |
TIMES |
|
ACCOUNTS PAYABLE
PERIOD |
72,13 |
DAYS |
69,71 |
DAYS |
68,87 |
DAYS |
|
RETURN ON ASSETS |
1,23 |
TIMES |
1,31 |
TIMES |
1,39 |
TIMES |
|
SALES TURNOVER
ON NET EQUITY |
4,08 |
TIMES |
5,12 |
TIMES |
4,45 |
TIMES |
|
NET WORTH TIE-UP |
1,35 |
|
1,50 |
|
,97 |
|
|
INDEBTEDNESS |
2,31 |
|
2,90 |
|
2,20 |
|
|
EQUITY RATIO |
30,21 |
% |
25,63 |
% |
31,28 |
% |
|
WORKING CAPITAL
RATIO |
43,43 |
% |
43,73 |
% |
118,66 |
% |
|
GENERAL SOLVENCY |
1,43 |
|
1,34 |
|
1,46 |
|
|
RETURN ON NET
EQUITY |
8,13 |
% |
17,30 |
% |
39,49 |
% |
|
RETURN ON SALES
(PROFIT MARGIN) |
1,99 |
% |
3,38 |
% |
8,87 |
% |
|
GROSS PROFIT
MARGIN |
39,43 |
% |
36,46 |
% |
41,04 |
% |
|
OPERATIONAL
RESULT |
1,96 |
% |
3,94 |
% |
13,35 |
% |
|
SALES TURNOVER
ON LIABILITIES |
3,04 |
TIMES |
3,14 |
TIMES |
4,46 |
TIMES |
|
FOREIGN CURRENCY
ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY
ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,35 |
- OFFICIAL RATE ON 18/12/2008 |
|
US$ 1,00 = R$ 1,77 |
- OFFICIAL RATE ON 31/12/2007 |
|
US$ 1,00 = R$ 2,13 |
- OFFICIAL RATE ON 31/12/2006 |
|
US$ 1,00 = R$ 2,34 |
- OFFICIAL RATE ON 31/12/2005 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A NORMAL FINANCIAL STANDING. DESPITE THE
HIGH LEVEL OF INDEBTEDNESS, IT IS NOTED GOOD LIQUIDITY RATIOS AND POSITIVE
WORKING CAPITAL AMOUNT AS WELL AS GROWING SALES AND PROFITABILITY. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 5.799.274,53
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 2.481.656,77
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 22.499.336,46
INSURANCE
|
INSURANCE COMPANY: |
BANCO ITAU / BRADESCO |
|
COVERAGE: |
0 |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
|
|
BANCO DO BRASIL S/A |
34029 45 3333-5506 |
|
|
BANCO BRADESCO S/A |
45 3224-4534 |
CASCAVEL/PR |
|
BANCO ITAU S/A |
0316 45 3225-0044 |
|
|
BANCO ABN AMRO REAL S/A |
|
TOLEDO/PR |
|
BANCO NOSSA CAIXA S/A |
|
CASCAVEL/PR |
|
BANCO SAFRA S/A |
|
CASCAVEL/PR |
|
HSBC BANK BRASIL S/A |
|
CASCAVEL/PR |
|
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 MANUFACTURE OF CHEMICAL PHARMACEUTICAL
PRODUCTS - MEDICINES. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
INDIA, MEXICO, ISRAEL, SWITZERLAND, GERMANY, SPAIN, CHINA AND UNITED
STATES. |
EXPORTS TO:
|
THE COMPANY DOES NOT EXPORT |
|
MAIN CLIENTS: |
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|
|
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|
|
|
DOMESTIC
CLIENTS: |
CITY: |
|
|
AMERICAN FARMA DIST. LTDA |
SÃO PAULO/SP |
|
|
ASSECAM DIST. HOSP. LTDA |
SÃO PAULO/SP |
|
|
BH FARMA COMÉRCIO LTDA |
BELO HORIZONTE/MG |
|
|
COM. CIRURGICA RIO CLARENCE |
|
|
|
DEPARTAMENTO ADM. DA COORD. DA SAUDE SISTEMA PENITENCIÁRIO |
SÃO PAULO/SP |
|
|
DIST. DE MEDICAMENTOS BRASIL MIRACEMA |
|
|
|
DROGA FORTE |
RECIFE/PE |
|
|
DROGARIA SÃO PAULO S/A |
SÃO PAULO/SP |
|
|
DROGASIL S/A |
SÃO PAULO/SP |
|
|
HEALTHENICA PROD. HOSPILARES LTDA |
SÃO PAULO/SP |
|
|
HIFON DISTR. LTDA |
SÃO PAULO/SP |
|
|
MEDISIL COM. FARMA. HOSP. LTDA |
|
|
|
PRO-DIET FARMACEUTICA LTDA |
CURITIBA/PR |
|
|
REPRESS DIST. LTDA |
SÃO PAULO/SP |
|
|
TOTAMED COM. PROD. FARM. HOSP. LTDA |
SÃO PAULO/SP |
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 2023 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1993. SO
FAR IT OPERATES WITH HIGH SCALE OF ACTIVITIES, A CLEAR TRADE HISTORY AND VERY
GOOD PAYMENT BEHAVIOR. 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. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
CITY: |
PHONE: |
|
AB FARMO QUIMICA |
ABÁPILIS/GO |
11 2161-0811 |
|
ALCOA ALUMINIO S/A |
SÃO PAULO/SP |
|
|
AVENTIS PHARMA S/A |
|
|
|
BISFARMA INDUSTRIA DE EMBALAGENS LTDA |
PEDREIRA/SP |
|
|
CIA INDUSTRIA DE VIDROS - CIV |
VITÓRIA DE STO. ANTÃO/PE |
81 3523-1997 |
|
COMPANHIA INDUSTRIAL DE VIDROS CIV |
|
|
|
LABORATÓRIOS PFIZER LTDA |
GUARULHOS/SP |
11 6464-7344 |
|
LOGISTICA GERAL LTDA |
GUARULHOS/SP |
|
|
M CASSAB INDUSTRIA E COMERCIO LTDA |
SÃO PAULO/SP |
11 5522-7788 |
|
RIPASA S/A |
SÃO PAULO/SP |
|
|
TOCAUTO CAMINHÕES LTDA |
|
99 2101-3200 |
|
VALDEQUIMICA PRODUTOS QUIMICOS LTDA |
|
11 3721-1077 |
|
VEDAT TAMPAS HERMELICAS LTDA |
EMBÚ/SP |
11 2133-1212 |
|
WILLETT LTDA |
SÃO PAULO/SP |
|
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
|
|
ALEMBIC LTDA |
INDIA |
|
|
COMWIN INTERNATIONAL LTD |
SUIZA |
|
|
DABUR INDIA |
ÍNDIA |
|
|
INLERLUDE COMPANY S/A |
UNITED STATES |
|
|
MOHS CATALANA S/A |
SPAIN |
|
|
SHIJIAHUANG PHARM |
CHINA |
|
|
SRWKA GMBH |
GERMANY |
|
|
ZHEJIANG |
CHINA |
|
|
PAYMENT HISTORY: |
|
32 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 1.061.994,00 |
|
|
|
AMOUNT OF INVOICES PAID: 335 |
|
TOTAL OF PROMPT PAYMENTS: 99,9% |
|
TOTAL OF DELAYED PAYMENTS: 0,1% |
|
|
|
HIGHEST INVOICE: R$ 23.928,00 |
|
HIGHEST CREDIT: R$ 23.928,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
ALL |
7 |
15 |
R$ 51.772,00 |
|
DUE WITHIN 30 DAYS |
7 |
15 |
R$ 51.772,00 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR OVER 10
YEARS. UP TO DATE IT HAS A NORMAL 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 USD 1.000.000,00 MAY BE CONSIDERED. |
|
PRATI, DONADUZZI
& CIA LTDA. |
|
|
|
|
|
BALANCE SHEET
ANALYSIS |
FIGURES ARE IN
REAIS |
|
|
|
|
|
31-12-07 |
|
31-12-06 |
|
|
ASSETS |
|
% |
|
% |
|
Current Assets |
58.10 |
$ 49,927,491 |
60.06 |
|
|
Fixed Assets |
$ 41,799,651 |
40.90 |
$ 32,063,535 |
38.57 |
|
TOTAL ASSETS |
$
102,189,734 |
100.00 |
$ 83,134,907 |
100.00 |
|
LIABILITIES |
|
|
|
|
|
Current Liabilities |
$ 41,396,273 |
40.51 |
$ 34,736,873 |
41.78 |
|
Long-Term Liabilities |
$ 29,920,934 |
29.28 |
$ 27,089,516 |
32.59 |
|
TOTAL LIABILITIES |
$ 71,317,206 |
69.79 |
$ 61,826,389 |
74.37 |
|
Deferred Income |
$ -
|
0.00 |
$ -
|
0.00 |
|
Net Equity |
$ 30,872,528 |
30.21 |
$ 21,308,518 |
25.63 |
|
TOTAL LIABILITIES + NET EQUITY |
$
102,189,734 |
100.00 |
$ 83,134,907 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
|
Net Sales |
$
125,926,103 |
100.00 |
$ 109,051,113 |
100.00 |
|
Costs |
$ 76,278,402 |
60.57 |
$ 69,295,271 |
63.54 |
|
Gross Profit |
$ 49,647,702 |
39.43 |
$ 39,755,842 |
36.46 |
|
Operating expenses |
$
(43,655,401) |
-34.67 |
$ (31,022,634) |
-28.45 |
|
operational Result |
$ 2,466,080 |
1.96 |
$ 4,298,328 |
3.94 |
|
Net Profit (loss) |
$
2,508,593 |
1.99 |
$ 3,687,386 |
3.38 |
|
COMPLEMENTARY DATA |
|
|
|
|
|
Inventory |
$ 14,823,804 |
|
$ 14,970,875 |
|
|
Accounts receivable |
$ 35,986,596 |
|
$ 25,435,771 |
|
|
Accounts Payable |
$ 15,282,793 |
|
$ 13,419,025 |
|
|
Property, plant and equipment |
$ 41,799,651 |
|
$ 32,063,535 |
|
|
Purchases |
$ 41,799,651 |
|
$ 32,063,535 |
|
|
Financial Expenses |
$ (3,526,221) |
|
$ (4,434,880) |
|
|
Foreign Currency Assets |
|
|
|
|
|
Foreign Currency Liabilities |
|
|
|
|
|
Working Capital |
$ 17,978,952 |
|
$ 15,190,618 |
|
|
RATIOS: |
|
|
|
|
|
QUICK RATIO |
1.08 |
|
1.01 |
|
|
CURRENT RATIO |
1.43 |
|
1.44 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
3.50 |
times |
4.29 |
times |
|
DAYS' SALES IN RECEIVABLES |
102.88 |
days |
83.97 |
days |
|
INVENTORY TURNOVER |
5.15 |
times |
4.63 |
times |
|
72.13 |
days |
69.71 |
days |
|
|
RETURN ON ASSETS |
1.23 |
times |
1.31 |
times |
|
SALES TURNOVER ON NET EQUIY |
4.08 |
times |
5.12 |
times |
|
NET WORTH TIE-UP |
1.35 |
|
1.50 |
|
|
ENDEBTEDNESS |
2.31 |
|
2.90 |
|
|
EQUITY RATIO |
30.21 |
% |
25.63 |
% |
|
WORKING CAPITAL RATIO |
43.43 |
% |
43.73 |
% |
|
GENERAL SOLVENCY |
1.43 |
|
1.34 |
|
|
RETURN ON NET EQUITY |
8.13 |
% |
17.30 |
% |
|
RETURN ON SALES (PROFIT
MARGIN) |
1.99 |
% |
3.38 |
% |
|
GROSS PROFIT MARGIN |
39.43 |
% |
36.46 |
% |
|
OPERATIONAL RESULT |
1.96 |
% |
3.94 |
% |
|
SALES TURNOVER ON LIABILITIES |
3.04 |
times |
3.14 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
- |
% |
|
FOREIGN CURRENCY ON
LIABILITIES |
- |
% |
- |
% |
|
PRATI, DONADUZZI
& CIA LTDA. |
|
|
|
BALANCE SHEET ANALYSIS |
|
|
|
|
31-12-05 |
|
|
ASSETS |
|
% |
|
Current Assets |
$ 39,080,970 |
68.32 |
|
Fixed Assets |
$ 17,372,828 |
30.37 |
|
TOTAL ASSETS |
$ 57,199,190 |
100.00 |
|
LIABILITIES |
|
|
|
Current Liabilities |
$ 17,872,902 |
31.25 |
|
Long-Term Liabilities |
$ 21,432,456 |
37.47 |
|
TOTAL LIABILITIES |
$ 39,305,358 |
68.72 |
|
Deferred Income |
$ - |
0.00 |
|
Net Equity |
$ 17,893,832 |
31.28 |
|
TOTAL LIABILITIES + NET EQUITY |
$ 57,199,190 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
Net Sales |
$ 79,701,976 |
100.00 |
|
Costs |
$ 46,996,114 |
58.96 |
|
Gross Profit |
$ 32,705,863 |
41.04 |
|
Operating expenses |
$ (18,830,307) |
-23.63 |
|
operational Result |
$ 10,643,215 |
13.35 |
|
Net Profit (loss) |
$ 7,067,108 |
8.87 |
|
COMPLEMENTARY DATA |
|
|
|
Inventory |
$ 9,810,024 |
|
|
Accounts receivable |
$ 22,228,515 |
|
|
Accounts Payable |
$ 8,991,262 |
|
|
Property, plant and equipment |
$ 17,368,178 |
|
|
Purchases |
$ 17,372,828 |
|
|
Financial Expenses |
$ (3,232,340) |
|
|
Foreign Currency Assets |
|
|
|
Foreign Currency Liabilities |
|
|
|
Working Capital |
$ 21,208,068 |
|
|
RATIOS: |
|
|
|
QUICK RATIO |
1.64 |
|
|
CURRENT RATIO |
2.19 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
3.59 |
times |
|
DAYS' SALES IN RECEIVABLES |
100.40 |
days |
|
INVENTORY TURNOVER |
4.79 |
times |
|
ACCOUNTS PAYABLE PERIOD |
68.87 |
days |
|
RETURN ON ASSETS |
1.39 |
times |
|
SALES TURNOVER ON NET EQUIY |
4.45 |
times |
|
NET WORTH TIE-UP |
0.97 |
|
|
ENDEBTEDNESS |
2.20 |
|
|
EQUITY RATIO |
31.28 |
% |
|
WORKING CAPITAL RATIO |
118.66 |
% |
|
GENERAL SOLVENCY |
1.46 |
|
|
RETURN ON NET EQUITY |
39.49 |
% |
|
RETURN ON SALES (PROFIT
MARGIN) |
8.87 |
% |
|
GROSS PROFIT MARGIN |
41.04 |
% |
|
OPERATIONAL RESULT |
13.35 |
% |
|
SALES TURNOVER ON LIABILITIES |
4.46 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
|
FOREIGN CURRENCY ON
LIABILITIES |
- |
% |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.08 |
|
UK Pound |
1 |
Rs.71.17 |
|
Euro |
1 |
Rs.66.98 |
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%)