MIRA
INFORM REPORT
|
Report Date : |
14.11.2008 |
IDENTIFICATION
DETAILS
|
Name : |
GENIX INDÚSTRIA FARMACÊUTICA LTDA |
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|
|
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Registered Office : |
Via Primaria 1e, Quadra 3, S/N°, Módulos 01 E 02 - Daia 75133-590
Anápolis/Go |
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Country : |
Brazil |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
28.03.2001 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of Pharmaceuticals. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
US$ 1.000.000,00 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name of the company
GENIX INDÚSTRIA
FARMACÊUTICA LTDA
ADDRESSES
|
MAIN
ADDRESS: |
VIA PRIMARIA 1E,
QUADRA 3, S/N°, MÓDULOS 01 E 02 - DAIA |
|
ZIP CODE/CITY: |
75133-590
ANÁPOLIS/GO |
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PHONE: |
62 3255-2336 |
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FAX: |
62 3272-5600 |
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E-MAIL: |
purifarma@purifarma.com.br |
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WEB SITE: |
www.purifarma.com.br |
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BRANCHES: |
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DOES NOT HAVE |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF PHARMACEUTICALS. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
28/03/2001 |
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REGISTER DATE: |
03/04/2001 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
04.376.121/0001-93 |
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STATE REGISTER: |
10.338.210-0 |
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|
|
|
SHARE CAPITAL: |
R$ 15.000.000,00 |
|
LAST REGISTER OF CAPITAL: |
29/01/2007 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
JULIO TOMIZO TANAKA |
DIRECTOR |
|
IVAN DA GLORIA TEIXEIRA |
ATTORNEY |
AUTHORIZED USE OF SIGNATURE
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS
/ PARTNERS: |
|
|
|
|
|
JULIO TOMIZO
TANAKA |
99,50% |
|
IVAN DA GLORIA
TEIXEIRA |
0,50% |
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AFFILIATES
/ SUBSIDIARIES: |
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|
|
|
|
PURIFARMA DISTRIBUIDORA QUIMIMICA E
FARMACEUTICA LTDA |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON MARCH 28, 2001 TO BE ENGAGED IN THE SAID
LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. PARTNERS: JULIO TOMIZO TANAKA: BRAZILIAN, MARRIED, INDUSTRIAL, RESIDENTIAL
ADDRESS AT RUA DAS PRIMAVERAS 255, PERUÍBE/SP, HOLDER OF DOCUMENTS RG/SSP-SP 11.005.913,
CPF 006.297.068-24. IVAN DA GLORIA TEIXEIRA: BRAZILIAN, MARRIED, TRADER, RESIDENTIAL
ADDRESS AT RUA 230 Nº 200, GOIÂNIA/GO, HOLDER OF DOCUMENTS RG/SSP-GO 405.390,
CPF 160.156.571-20. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
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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 |
2.225.418,39 |
6.154,01 |
708,61 |
|
BANKS |
|
2.662.445,70 |
2.703.275,53 |
|
INVESTMENTS |
156.665,51 |
95.000,00 |
35.000,00 |
|
CLIENTS |
11.732.832,60 |
10.703.368,56 |
9.633.606,64 |
|
ADVANCE TO EMPLOYEES |
8.282,15 |
452,27 |
3.876,27 |
|
ADVANCE TO SUPPLIERS |
|
3.104.023,39 |
1.518.446,36 |
|
ACCOUNTS RECEIVABLE |
15.336,38 |
7.286,88 |
12.887,49 |
|
RECOVERABLE TAXES |
1.873.640,27 |
2.052.240,62 |
1.399.889,02 |
|
INVENTORY |
8.382.203,75 |
8.219.468,61 |
9.125.742,93 |
|
PRE PAID EXPENSES |
9.596,11 |
37.389,14 |
31.211,81 |
|
NOTES RECEIVABLE |
2.660,15 |
|
|
|
CHECKS |
112.152,57 |
|
|
|
ADVANCES |
3.063.723,29 |
|
|
|
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---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
27.582.511,17 |
26.887.829,18 |
24.464.644,66 |
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FIXED ASSETS: |
|
|
|
|
|
|
|
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|
FIXED ASSETS |
13.807.549,40 |
9.797.188,00 |
6.401.603,60 |
|
DEFERRED |
|
246.603,94 |
124.883,31 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
13.807.549,40 |
10.043.791,94 |
6.526.486,91 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
41.390.060,57 |
36.931.621,12 |
30.991.131,57 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2007 |
31/12/2006 |
31/12/2005 |
|
|
|
|
|
|
SUPPLIERS |
3.504.623,09 |
2.817.414,85 |
6.166.729,91 |
|
SALARIES PAYABLE |
676.124,24 |
116.279,73 |
6.150,98 |
|
SOCIAL OBLIGATIONS |
|
111.472,62 |
74.339,36 |
|
PROVISIONS |
|
193.086,17 |
147.263,53 |
|
TAXES & CONTRIBUTIONS |
551.216,40 |
1.032.060,54 |
1.185.671,56 |
|
ACCOUNTS PAYABLE |
11.324,98 |
38.954,48 |
85.517,20 |
|
FREIGHTS PAYABLE |
19.240,22 |
21.106,21 |
37.591,15 |
|
OTHER DEBTS |
386.187,28 |
522.024,21 |
353.143,52 |
|
LOANS AND FINANCING |
20.783,40 |
33.750,00 |
48.750,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
5.169.499,61 |
4.886.148,81 |
8.105.157,21 |
|
LONG TERM LIABILITIES:
|
|
|
|
|
|
|
|
|
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LOANS AND FINANCING |
8.133.132,71 |
1.400.000,00 |
|
|
TAXES AND CONTRIBUTIONS |
|
12.230.522,36 |
6.807.875,24 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
8.133.132,71 |
13.630.522,36 |
6.807.875,24 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
15.000.000,00 |
9.350.000,00 |
9.350.000,00 |
|
CAPITAL RESERVES |
5.820.278,67 |
2.325.580,91 |
2.325.580,91 |
|
ACCRUED PROFIT (LOSS) |
7.267.149,58 |
6.739.369,04 |
4.402.518,21 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
28.087.428,25 |
18.414.949,95 |
16.078.099,12 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
41.390.060,57 |
36.931.621,12 |
30.991.131,57 |
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|
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|
|
|
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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 |
|
|
|
|
|
|
GROSS SALES |
61.252.735,15 |
68.567.877,98 |
60.805.444,49 |
|
(-) TAXES ON SALES |
10.305.582,60 |
11.469.276,84 |
10.624.176,11 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
50.947.152,55 |
57.098.601,14 |
50.181.268,38 |
|
(-) COST OF SOLD GOODS |
35.675.061,59 |
41.842.310,05 |
40.088.156,66 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
15.272.090,96 |
15.256.291,09 |
10.093.111,72 |
|
OPERATING REVENUE (EXPENSE) |
-11.778.352,15 |
-7.235.236,21 |
-4.951.638,40 |
|
FINANCIAL REVENUE(EXPENSE) |
-133.884,29 |
-190.651,35 |
1.008.084,11 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
3.359.854,52 |
7.830.403,53 |
6.149.557,43 |
|
NON-OPERATING RESULT |
-1.577,68 |
-303,25 |
-104.773,64 |
|
CONTRIBUTION/INCOME TAX |
|
-2.619.027,53 |
-1.994.751,96 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
3.358.276,84 |
5.211.072,75 |
4.050.031,83 |
|
MONTHLY SALES |
|||
|
|
2008 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 5.578.056,04 |
|
|
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FEBRUARY |
R$ 5.437.387,72 |
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|
|
MARCH |
R$ 5.937.136,54 |
|
|
|
APRIL |
R$ 7.282.239,15 |
|
|
|
MAY |
R$ 6.103.422,28 |
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|
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JUNE |
|
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JULY |
|
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|
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AUGUST |
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SEPTEMBER |
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OCTOBER |
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NOVEMBER |
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DECEMBER |
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TOTAL |
R$ 30.338.241,73 |
|
|
|
RATIOS: |
31/12/2007 |
31/12/2006 |
31/12/2005 |
|
QUICK RATIO |
3,71 |
|
3,82 |
|
1,89 |
|
|
CURRENT RATIO |
5,34 |
|
5,50 |
|
3,02 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
4,34 |
TIMES |
5,33 |
TIMES |
5,21 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
82,91 |
DAYS |
67,48 |
DAYS |
69,11 |
DAYS |
|
INVENTORY TURNOVER |
4,26 |
TIMES |
5,09 |
TIMES |
4,39 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
35,37 |
DAYS |
24,24 |
DAYS |
55,38 |
DAYS |
|
RETURN ON ASSETS |
1,23 |
TIMES |
1,55 |
TIMES |
1,62 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
1,81 |
TIMES |
3,10 |
TIMES |
3,12 |
TIMES |
|
NET WORTH TIE-UP |
,49 |
|
,53 |
|
,40 |
|
|
INDEBTEDNESS |
,47 |
|
1,01 |
|
,93 |
|
|
EQUITY RATIO |
67,86 |
% |
49,86 |
% |
51,88 |
% |
|
WORKING CAPITAL RATIO |
433,56 |
% |
450,29 |
% |
201,84 |
% |
|
GENERAL SOLVENCY |
3,11 |
|
1,99 |
|
2,08 |
|
|
RETURN ON NET EQUITY |
11,96 |
% |
28,30 |
% |
25,19 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
6,59 |
% |
9,13 |
% |
8,07 |
% |
|
GROSS PROFIT MARGIN |
29,98 |
% |
26,72 |
% |
20,11 |
% |
|
OPERATIONAL RESULT |
6,59 |
% |
13,71 |
% |
12,25 |
% |
|
SALES TURNOVER ON LIABILITIES |
9,86 |
TIMES |
11,69 |
TIMES |
6,19 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,26 |
- OFFICIAL RATE ON 12/11/2008 |
|
US$ 1,00 = R$ 1,77 |
- OFFICIAL RATE ON 31/12/2007 |
|
US$ 1,00 = R$ 2,13 |
- OFFICIAL RATE ON 31/12/2006 |
|
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 GOOD FINANCIAL STANDING. IT IS NOTED HIGH
LIQUIDITY RATIOS AND GOOD WORKING CAPITAL AMOUNT, AS WELL AS LOW LEVEL OF
INDEBTEDNESS. IT SHOWS DROP IN SALES BUT MADE GOOD PROFIT MARGIN. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 1.878.059,59
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 119.000,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 186.169,46
INSURANCE
|
NOT AVAILABLE |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO ITAU S/A |
0208 |
ANÁPOLIS/GO |
|
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: NOVEMBER 12, 2008. |
ACTIVITIES COMMENTS
|
THE SUBJECT IS ENGAGED IN THE MANUFACTURE AND SALE OF PHARMACEUTICAL
RAW MATERIALS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
COLOMBIA, CHINA, UNITED STATE, INDIA AND OTHERS. |
EXPORTS TO:
|
DOES NOT EXPORT. |
|
MAIN CLIENTS: |
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|
|
|
|
|
|
DOMESTIC
CLIENTS: |
CITY: |
|
|
DROGADERMUS DROG. E FARM. DE MAIP. LTDA |
GOIÂNIA/GO |
|
|
FARMACIA IANNARELLI LTDA |
JOÃO MOLEVADE/MG |
|
|
MICROGRAMA FARM. MANIP. LIDA - ME |
RIBEIRÃO PRETO/SP |
|
|
RENATA BATAGLIA GALLI |
JUNDIAÍ/SP |
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 226 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY,
OPERATING SINCE 2001. SO FAR IT HAS A CLEAR TRADE HISTORY AND 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: |
|
PHONE: |
|
CELITA DO BRASIL S/A |
|
11 4612-8111 |
|
DEGUSA BRASIL LTDA |
|
11 3146-4100 |
|
ELETRO RODNEY MATS. ELETRICOS LTDA |
|
62 3311-6888 |
|
EMBALAGENS BANDEIRANTES LTDA |
|
11 4061-1115 |
|
LOCGUEL LOC. DE EUQUIPAMENTOS PARA CONSTRUÇÃO LTDA |
|
31 3464-0166 |
|
SINTEFINA IND E COM LTDA. |
|
11 4056-7887 |
|
UNI TINTAS LTDA |
|
62 3310-8600 |
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
|
|
CHIBA NATIONAL AERO-TECHOLOGY IMP & EXP. XIAME CORPORATION |
CHINA |
|
|
IPCA LABORATORIES LTDA |
INDIA |
|
|
SINOCHEM JIANGSU CORPORATION |
CHINA |
|
|
PAYMENT HISTORY: |
|
15 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 175.709,00 |
|
|
|
AMOUNT OF INVOICES PAID: 143 |
|
TOTAL OF PROMPT PAYMENTS: 99,8% |
|
TOTAL OF DELAYED PAYMENTS: 0,2% |
|
|
|
HIGHEST INVOICE: R$ 25.000,00 |
|
HIGHEST CREDIT: R$ 25.000,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
2 |
5 |
R$ 664,00 |
FINAL OPINION
|
THE SUBJECT HAS BEEN IN BUSINESS SINCE
2001. UP TO DATE IT HAS CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOR. 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. A CREDIT LIMIT OF US$ 1.000.000,00 MAY BE
CONSIDERED. |
|
GENIX INDÚSTRIA FARMACÊUTICA
LTDA |
|
|
|
BALANCE SHEET
ANALYSIS |
FIGURES ARE IN
REAIS |
|
|
|
31-12-07 |
|
|
ASSETS |
|
% |
|
Current Assets |
66.64 |
|
|
Fixed Assets |
$ 13,807,549 |
33.36 |
|
TOTAL ASSETS |
$ 41,390,061 |
100.00 |
|
LIABILITIES |
|
|
|
Current Liabilities |
$ 5,169,500 |
12.49 |
|
Long-Term Liabilities |
$ 8,133,133 |
19.65 |
|
TOTAL LIABILITIES |
$ 13,302,632 |
32.14 |
|
Deferred Income |
$
- |
0.00 |
|
Net Equity |
$ 28,087,428 |
67.86 |
|
TOTAL LIABILITIES + NET EQUITY |
$ 41,390,061 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
Net Sales |
$ 50,947,153 |
100.00 |
|
Costs |
$
35,675,062 |
70.02 |
|
Gross Profit |
$ 15,272,091 |
29.98 |
|
Operating expenses |
$
(11,778,352) |
-23.12 |
|
operational Result |
$ 3,359,855 |
6.59 |
|
Net Profit (loss) |
$ 3,358,277 |
6.59 |
|
COMPLEMENTARY DATA |
|
|
|
Inventory |
$ 8,382,204 |
|
|
Accounts receivable |
$ 11,732,833 |
|
|
Accounts Payable |
$ 3,504,623 |
|
|
Property, plant and equipment |
$ 13,807,549 |
|
|
Purchases |
$ 13,807,549 |
|
|
Financial Expenses |
$ (133,884) |
|
|
Foreign Currency Assets |
|
|
|
Foreign Currency Liabilities |
|
|
|
Working Capital |
$ 22,413,012 |
|
|
RATIOS: |
|
|
|
QUICK RATIO |
3.71 |
|
|
CURRENT RATIO |
5.34 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
4.34 |
times |
|
DAYS' SALES IN RECEIVABLES |
82.91 |
days |
|
INVENTORY TURNOVER |
4.26 |
times |
|
35.37 |
days |
|
|
RETURN ON ASSETS |
1.23 |
times |
|
SALES TURNOVER ON NET EQUIY |
1.81 |
times |
|
NET WORTH TIE-UP |
0.49 |
|
|
ENDEBTEDNESS |
0.47 |
|
|
EQUITY RATIO |
67.86 |
% |
|
WORKING CAPITAL RATIO |
433.56 |
% |
|
GENERAL SOLVENCY |
3.11 |
|
|
RETURN ON NET EQUITY |
11.96 |
% |
|
RETURN ON SALES (PROFIT
MARGIN) |
6.59 |
% |
|
GROSS PROFIT MARGIN |
29.98 |
% |
|
OPERATIONAL RESULT |
6.59 |
% |
|
SALES TURNOVER ON LIABILITIES |
9.86 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
|
FOREIGN CURRENCY ON
LIABILITIES |
- |
% |
|
BALANCE SHEET
ANALYSIS |
|
|
|
|
|
|
31-12-06 |
|
31-12-05 |
|
|
ASSETS |
|
% |
|
% |
|
Current Assets |
$ 26,887,829 |
72.80 |
$ 24,464,645 |
78.94 |
|
Fixed Assets |
$ 10,043,792 |
27.20 |
$ 6,526,487 |
21.06 |
|
TOTAL ASSETS |
$ 36,931,621 |
100.00 |
$ 30,991,132 |
100.00 |
|
LIABILITIES |
|
|
|
|
|
Current Liabilities |
$ 4,886,149 |
13.23 |
$ 8,105,157 |
26.15 |
|
Long-Term Liabilities |
$ 13,630,522 |
36.91 |
$ 6,807,875 |
21.97 |
|
TOTAL LIABILITIES |
$ 18,516,671 |
50.14 |
$ 14,913,032 |
48.12 |
|
Deferred Income |
$ - |
0.00 |
$ - |
0.00 |
|
Net Equity |
$ 18,414,950 |
49.86 |
$ 16,078,099 |
51.88 |
|
TOTAL LIABILITIES + NET EQUITY |
$ 36,931,621 |
100.00 |
$ 30,991,132 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
|
Net Sales |
$ 57,098,601 |
100.00 |
$ 50,181,268 |
100.00 |
|
Costs |
$ 41,842,310 |
73.28 |
$ 40,088,157 |
79.89 |
|
Gross Profit |
$ 15,256,291 |
26.72 |
$ 10,093,112 |
20.11 |
|
Operating expenses |
$ (7,235,236) |
-12.67 |
$ (4,951,638) |
-9.87 |
|
operational Result |
$ 7,830,404 |
13.71 |
$ 6,149,557 |
12.25 |
|
Net Profit (loss) |
$ 5,211,073 |
9.13 |
$ 4,050,032 |
8.07 |
|
COMPLEMENTARY DATA |
|
|
|
|
|
Inventory |
$ 8,219,469 |
|
$ 9,125,743 |
|
|
Accounts receivable |
$ 10,703,369 |
|
$ 9,633,607 |
|
|
Accounts Payable |
$ 2,817,415 |
|
$ 6,166,730 |
|
|
Property, plant and equipment |
$ 9,797,188 |
|
$ 6,401,604 |
|
|
Purchases |
$ 10,043,792 |
|
$ 6,526,487 |
|
|
Financial Expenses |
$ (190,651) |
|
$ 1,008,084 |
|
|
Foreign Currency Assets |
|
|
|
|
|
Foreign Currency Liabilities |
|
|
|
|
|
Working Capital |
$ 22,001,680 |
|
$ 16,359,487 |
|
|
RATIOS: |
|
|
|
|
|
QUICK RATIO |
3.82 |
|
1.89 |
|
|
CURRENT RATIO |
5.50 |
|
3.02 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
5.33 |
times |
5.21 |
times |
|
DAYS' SALES IN RECEIVABLES |
67.48 |
days |
69.11 |
days |
|
INVENTORY TURNOVER |
5.09 |
times |
4.39 |
times |
|
ACCOUNTS PAYABLE PERIOD |
24.24 |
days |
55.38 |
days |
|
RETURN ON ASSETS |
1.55 |
times |
1.62 |
times |
|
SALES TURNOVER ON NET EQUIY |
3.10 |
times |
3.12 |
times |
|
NET WORTH TIE-UP |
0.53 |
|
0.40 |
|
|
ENDEBTEDNESS |
1.01 |
|
0.93 |
|
|
EQUITY RATIO |
49.86 |
% |
51.88 |
% |
|
WORKING CAPITAL RATIO |
450.29 |
% |
201.84 |
% |
|
GENERAL SOLVENCY |
1.99 |
|
2.08 |
|
|
RETURN ON NET EQUITY |
28.30 |
% |
25.19 |
% |
|
RETURN ON SALES (PROFIT
MARGIN) |
9.13 |
% |
8.07 |
% |
|
GROSS PROFIT MARGIN |
26.72 |
% |
20.11 |
% |
|
OPERATIONAL RESULT |
13.71 |
% |
12.25 |
% |
|
SALES TURNOVER ON LIABILITIES |
11.69 |
times |
6.19 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
- |
% |
|
FOREIGN CURRENCY ON
LIABILITIES |
- |
% |
- |
% |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.46 |
|
UK Pound |
1 |
Rs.73.17 |
|
Euro |
1 |
Rs.62.96 |
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%)