MIRA
INFORM REPORT
|
Report Date : |
01.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
COMERCIO E INDUSTRIA FARMOS LTDA. |
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|
|
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Registered Office : |
Rua Souto Carvalho,52 P. O. Box 3212 - Engenho Novo |
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Country : |
Brazil |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
11.04.1946 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of Chemical and Pharmaceutical 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 |
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Maximum Credit Limit : |
US$ 250.000,00 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Exists |
Name
COMERCIO E
INDUSTRIA FARMOS LTDA.
ADDRESSES
|
MAIN ADDRESS: |
RUA SOUTO CARVALHO,52 P. O. BOX 3212 - ENGENHO NOVO |
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ZIP CODE/CITY: |
20950-310 - RIO DE JANEIRO/RJ |
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PHONE: |
21 2501-8852 |
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FAX: |
21 2501-8852 |
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E-MAIL: |
farmos@infolink.com.br |
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WEB SITE: |
www.farmosquimicafina.com.br |
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BRANCHES: |
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ADDRESS: |
RUA JOSE DE NEVES,639 |
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ZIP CODE/CITY: |
SÃO PAULO/SP |
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ADDRESS: |
RUA BRUNO SEABRA,261 |
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ZIP CODE/CITY: |
RIO DE JANEIRO/RJ |
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ADDRESS: |
RUA BRUNO SEABRA,233 |
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ZIP CODE/CITY: |
RIO DE JANEIRO/RJ |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF CHEMICAL AND PHARMACEUTICAL PRODUCTS. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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|
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INCORPORATION DATE: |
11/04/1946 |
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REGISTER DATE: |
11/04/1946 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
33.152.646/0001-43 |
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STATE REGISTER: |
81.735.263 |
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|
|
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SHARE CAPITAL: |
R$ 1.870.000,00 |
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BOARD OF
DIRECTORS: |
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|
|
|
JOSÉ DE SOUZA CANTALICE |
MANAGER |
AUTHORIZED USE OF SIGNATURE
|
THE MANAGER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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|
|
|
|
JOSÉ DE SOUZA CANTALICE |
64% |
|
JOSEFA DEZINHA DE MELO |
18% |
|
DANIELA TAVARES DA SILVA |
18% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
HERCULES INDÚSTRIA E COMÉRCIO LTDA |
100,00% |
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON APRIL 11, 1946 AS HOSPITALAR FARMOS
LTDA. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON FEBRUARY 19, 1976 IT
ADOPTED THE ABOVE MENTIONED NAME. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
|
PUBLIC RECORDS
INFORMATION: |
|
LAWSUITS: |
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|
DATE: |
COURT OF LAW: |
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4 |
FEDERAL LAWSUITS |
16/04/04 |
2ª. VARA DE RJ-RIO DE JANEIRO |
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 |
16.820,19 |
3.291,17 |
1.029,13 |
|
BANKS |
40.720,14 |
38.478,56 |
7.466,74 |
|
INVESTMENTS |
37.270,14 |
32.723,45 |
40.380,11 |
|
CLIENTS |
640.001,40 |
1.112.509,20 |
609.370,37 |
|
DISCOUNTED NOTES |
-462.471,89 |
-707.539,74 |
-401.508,98 |
|
INVENTORY |
2.306.367,96 |
2.187.991,60 |
1.695.986,96 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
2.578.707,94 |
2.667.454,24 |
1.952.724,33 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
27.268,40 |
1.224.712,69 |
964.649,87 |
|
FIXED ASSETS |
2.364.723,76 |
1.542.347,90 |
1.529.867,90 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
2.391.992,16 |
2.767.060,59 |
2.494.517,77 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
4.970.700,10 |
5.434.514,83 |
4.447.242,10 |
|
|
|
|
|
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2007 |
31/12/2006 |
31/12/2005 |
|
|
|
|
|
|
SUPPLIERS |
304.015,17 |
345.058,43 |
181.735,71 |
|
IMPORTS PAYABLE |
217.353,91 |
295.089,85 |
277.637,75 |
|
MUTUAL CONTRACT |
34.483,58 |
648.919,18 |
520.013,13 |
|
LOANS AND FINANCING |
26.712,15 |
135.012,31 |
17.024,84 |
|
CURRENT ACCOUNT |
3.500,00 |
58.900,00 |
33.700,00 |
|
ACCOUNTS PAYABLE |
20.684,02 |
10.999,32 |
5.012,24 |
|
TAX LIABILITIES |
181.733,33 |
294.722,41 |
206.574,84 |
|
SALARIES PAYABLE |
18.549,76 |
17.313,47 |
23.794,68 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
807.031,92 |
1.806.014,97 |
1.265.493,19 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
INSTALLMENTS TAXES PAYABLE |
440.824,31 |
|
|
|
|
---------------- |
---------------- |
---------------- |
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TOTAL LONG TERM LIABILITIES |
440.824,31 |
|
|
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
1.870.000,00 |
1.870.000,00 |
1.870.000,00 |
|
CAPITAL RESERVES |
750.248,85 |
750.248,85 |
450.248,85 |
|
ACCRUED PROFIT (LOSS) |
1.008.251,01 |
561.500,06 |
564.436,62 |
|
PROFIT (LOSS) OF PERIOD |
94.344,01 |
446.750,95 |
297.063,44 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
3.722.843,87 |
3.628.499,86 |
3.181.748,91 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
4.970.700,10 |
5.434.514,83 |
4.447.242,10 |
|
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 |
12.211.119,15 |
13.379.982,79 |
7.344.016,93 |
|
(-) TAXES ON SALES |
2.979.220,10 |
3.145.941,69 |
1.436.247,36 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
9.231.899,05 |
10.234.041,10 |
5.907.769,57 |
|
(-) COST OF SOLD GOODS |
4.520.941,81 |
4.458.429,30 |
2.440.024,65 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
4.710.957,24 |
5.775.611,80 |
3.467.744,92 |
|
OPERATING REVENUE (EXPENSE) |
-3.701.724,86 |
-4.036.351,91 |
-2.197.720,12 |
|
FINANCIAL REVENUE(EXPENSE) |
-914.888,37 |
-1.292.508,94 |
-972.961,36 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
94.344,01 |
446.750,95 |
297.063,44 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
94.344,01 |
446.750,95 |
297.063,44 |
|
MONTHLY SALES |
|||
|
|
2006 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 774.229,78 |
|
|
|
FEBRUARY |
R$ 690.219,77 |
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|
|
MARCH |
R$ 770.328,54 |
|
|
|
APRIL |
R$ 807.039,24 |
|
|
|
MAY |
R$ 839.704,27 |
|
|
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JUNE |
R$ 791.017,24 |
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|
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JULY |
R$ 757.998,71 |
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|
|
AUGUST |
|
|
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SEPTEMBER |
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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$ 5.430.537,55 |
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|
RATIOS
|
|
31/12/2007 |
31/12/2006 |
31/12/2005 |
|
QUICK RATIO |
,34 |
|
,27 |
|
,20 |
|
|
CURRENT RATIO |
3,20 |
|
1,48 |
|
1,54 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
14,42 |
TIMES |
9,20 |
TIMES |
9,69 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
24,96 |
DAYS |
39,13 |
DAYS |
37,13 |
DAYS |
|
INVENTORY TURNOVER |
1,96 |
TIMES |
2,04 |
TIMES |
1,44 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
24,21 |
DAYS |
27,86 |
DAYS |
26,81 |
DAYS |
|
RETURN ON ASSETS |
1,86 |
TIMES |
1,88 |
TIMES |
1,33 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
2,48 |
TIMES |
2,82 |
TIMES |
1,86 |
TIMES |
|
NET WORTH TIE-UP |
,64 |
|
,43 |
|
,48 |
|
|
INDEBTEDNESS |
,34 |
|
,50 |
|
,40 |
|
|
EQUITY RATIO |
74,90 |
% |
66,77 |
% |
71,54 |
% |
|
WORKING CAPITAL RATIO |
219,53 |
% |
47,70 |
% |
54,31 |
% |
|
GENERAL SOLVENCY |
3,98 |
|
3,01 |
|
3,51 |
|
|
RETURN ON NET EQUITY |
2,53 |
% |
12,31 |
% |
9,34 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
1,02 |
% |
4,37 |
% |
5,03 |
% |
|
GROSS PROFIT MARGIN |
51,03 |
% |
56,44 |
% |
58,70 |
% |
|
OPERATIONAL RESULT |
1,02 |
% |
4,37 |
% |
5,03 |
% |
|
SALES TURNOVER ON LIABILITIES |
11,44 |
TIMES |
5,67 |
TIMES |
4,67 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
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 |
|
US$ 1,00 = R$ 2,65 |
- OFFICIAL RATE ON 31/12/2004 |
|
US$ 1,00 = R$ 1,62 |
- OFFICIAL RATE ON 28/08/2008 |
COMMENTS ON THE FINANCIAL
INFORMATION
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS.
THE FIGURES AVAILABLE SHOW NORMAL FINANCIAL STANDING.
IT IS NOTED HIGH CURRENT RATIO WITH GOOD WORKING CAPITAL AMOUNT AND LOW LEVEL
OF INDEBTEDNESS. DESPITE THE DROP IN SALES, PROFIT WAS MADE.
REAL ESTATE
OWNED PREMISES ARE VALUED AT R$ 589.250,40
VEHICLES
OWNED VEHICLES ARE VALUED AT R$ 201.063,06
MACHINES
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 703.840,21
INSURANCE
|
NOT AVAILABLE. |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO BRADESCO S/A |
MEYER / 21 289-9932 |
RIO DE JANEIRO/RJ |
|
BANCO DO BRASIL S/A |
CINELÂNDIA / 21 272-6401 |
RIO DE JANEIRO/RJ |
|
BICBANCO S/A |
ASSEMBLÉIA / 21 292-7744 |
RIO DE JANEIRO/RJ |
|
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 28, 2008. |
ACTIVITIES COMMENTS
THE SUBJECT IS ENGAGED IN THE MANUFACTURE OF CHEMICAL AND PHARMACEUTICAL
PRODUCTS.
IMPORT AND EXPORT
IMPORTS FROM:
|
GERMANY, SWITZERLAND AND CHINA. |
EXPORTS TO:
|
NOT DISCLOSED. |
MAIN CLIENTS
|
|
|
|
|
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|
DOMESTIC
CLIENTS: |
|
PHONE: |
|
BAYER S/A |
|
11 524-5166 |
|
LABORATÓRIOS GROSS S/A |
|
21 597-3112 |
|
M. CASSAB COMERCIO E INDÚSTRIA LTDA |
|
11 522-7788 |
|
PRODUTOS FARMACÊUTICOS MILLET ROUX |
|
|
|
PRODUTOS ROCHE QUÍMICOS E FARMACEUTICOS S/A |
|
21 348-2110 |
|
SANOFI WINTHROP FARMACÊUTICA LTDA |
|
21 369-1500 |
|
SERVIER DO BRASIL LTDA |
|
21 597-2832 |
|
SMITHKLINE BEECHAM |
|
|
STAFF
THE COMPANY HAS: 33 EMPLOYEE(S)
CONCEPT AND FULFILMENT
|
THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY IN BUSINESS SINCE
1946. SO FAR IT IS NOTED A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOUR. 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 LAWSUITS REPORTED ARE NOT RELATED WITH TRADE DEBTS. THEY ARE
RELATED TO TAX DEBTS THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID.
NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUITS DO NOT AFFECT THE COMPANY'S
TRADE REPUTATION. |
MAIN SUPPLIERS
|
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
BUSCHLE & LEPPER S/A |
|
47 3334-1088 |
|
CIBRAPEL S/A IND. DE PAPEL E EMBALAGENS |
|
|
|
ISP DO BRASIL LTDA |
|
11 3649-0455 |
|
M. CASSAB COMÉRCIO E INDÚSTRIA LTDA |
|
11 2162-7788 |
|
MANCHESTER CHEMICAL PRODUTOS QUÍMICOS LTDA |
|
|
|
MERCK S/A INDÚSTRIA QUÍMICAS |
|
21 2444-2000 |
|
QUÍMICA INDUSTRIAL BARRA DO PIRAÍ S/A |
|
21 205-3835 |
|
REFINARIA NACIONAL DE SAL S/A |
|
24 645-4646 |
PAYMENT HISTORY
|
11 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 71.755,00 |
|
|
|
AMOUNT OF INVOICES PAID: 39 |
|
TOTAL OF PROMPT PAYMENTS: 97,9% |
|
TOTAL OF DELAYED PAYMENTS: 2,1% |
|
|
|
HIGHEST INVOICE: R$ 7.948,00 |
|
HIGHEST CREDIT: R$ 9.147,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
3 |
9 |
R$ 19.819,00 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS.
UP TO DATE IT IS SHOWS A CLEAR TRADE HISTORY AND A NORMAL 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. A CREDIT LIMIT OF US$ 250.000,00 MAY BE CONSIDERED. HIGHER AMOUNTS CAN
BE GRANTED DEPENDING ON THE IMPORTANCE OF THE OPERATIONS TO BE ESTABLISHED
WITH THE SUBJECT. |
BALANCE SHEET ANALYSIS
|
FIGURES
ARE IN REAIS |
|
|||||
|
|
|
|||||
|
|
12/31/2007 |
|
12/31/2006 |
|
12/31/2005 |
|
|
ASSETS |
|
% |
|
% |
|
% |
|
Current Assets |
51.88 |
$ 2,667,454 |
49.08 |
$ 1,952,724 |
43.91 |
|
|
Fixed Assets |
$ 2,391,992 |
48.12 |
$ 2,767,061 |
50.92 |
$ 2,494,518 |
56.09 |
|
TOTAL ASSETS |
$ 4,970,700 |
100.00 |
$ 5,434,515 |
100.00 |
$ 4,447,242 |
100.00 |
|
LIABILITIES |
|
|
|
|
|
|
|
Current Liabilities |
$ 807,032 |
16.24 |
$ 1,806,015 |
33.23 |
$ 1,265,493 |
28.46 |
|
Long-Term Liabilities |
$ 440,824 |
8.87 |
$ - |
0.00 |
$ - |
0.00 |
|
TOTAL LIABILITIES |
$ 1,247,856 |
25.10 |
$ 1,806,015 |
33.23 |
$ 1,265,493 |
28.46 |
|
Deferred Income |
$ - |
0.00 |
$ - |
0.00 |
$ - |
0.00 |
|
Net Equity |
$ 3,722,844 |
74.90 |
$ 3,628,500 |
66.77 |
$ 3,181,749 |
71.54 |
|
TOTAL LIABILITIES + NET EQUITY |
$ 4,970,700 |
100.00 |
$ 5,434,515 |
100.00 |
$ 4,447,242 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
|
|
|
Net Sales |
$ 9,231,899 |
100.00 |
$ 10,234,041 |
100.00 |
$ 5,907,770 |
100.00 |
|
Costs |
$ 4,520,942 |
48.97 |
$ 4,458,429 |
43.56 |
$ 2,440,025 |
41.30 |
|
Gross Profit |
$ 4,710,957 |
51.03 |
$ 5,775,612 |
56.44 |
$ 3,467,745 |
58.70 |
|
Operating expenses |
$ (3,701,725) |
-40.10 |
$ (4,036,352) |
-39.44 |
$ (2,197,720) |
-37.20 |
|
operational Result |
$ 94,344 |
1.02 |
$ 446,751 |
4.37 |
$ 297,063 |
5.03 |
|
Net Profit (loss) |
$ 94,344 |
1.02 |
$ 446,751 |
4.37 |
$ 297,063 |
5.03 |
|
COMPLEMENTARY DATA |
|
|
|
|
|
|
|
Inventory |
$ 2,306,368 |
|
$ 2,187,992 |
|
$ 1,695,987 |
|
|
Accounts receivable |
$ 640,001 |
|
$ 1,112,509 |
|
$ 609,370 |
|
|
Accounts Payable |
$ 304,015 |
|
$ 345,058 |
|
$ 181,736 |
|
|
Property, plant and equipment |
$ 2,364,724 |
|
$ 1,542,348 |
|
$ 1,529,868 |
|
|
Purchases |
$ 2,391,992 |
|
$ 2,767,061 |
|
$ 2,494,518 |
|
|
Financial Expenses |
$ (914,888) |
|
$ (1,292,509) |
|
$ (972,961) |
|
|
Foreign Currency Assets |
|
|
|
|
|
|
|
Foreign Currency Liabilities |
|
|
|
|
|
|
|
Working Capital |
$ 1,771,676 |
|
$ 861,439 |
|
$ 687,231 |
|
RATIOS
|
QUICK RATIO |
0.34 |
|
0.27 |
|
0.20 |
|
|
CURRENT RATIO |
3.20 |
|
1.48 |
|
1.54 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
14.42 |
times |
9.20 |
times |
9.69 |
times |
|
DAYS' SALES IN RECEIVABLES |
24.96 |
days |
39.13 |
days |
37.13 |
days |
|
INVENTORY TURNOVER |
1.96 |
times |
2.04 |
times |
1.44 |
times |
|
24.21 |
days |
27.86 |
days |
26.81 |
days |
|
|
RETURN ON ASSETS |
1.86 |
times |
1.88 |
times |
1.33 |
times |
|
SALES TURNOVER ON NET EQUIY |
2.48 |
times |
2.82 |
times |
1.86 |
times |
|
NET WORTH TIE-UP |
0.64 |
|
0.43 |
|
0.48 |
|
|
ENDEBTEDNESS |
0.34 |
|
0.50 |
|
0.40 |
|
|
EQUITY RATIO |
74.90 |
% |
66.77 |
% |
71.54 |
% |
|
WORKING CAPITAL RATIO |
219.53 |
% |
47.70 |
% |
54.31 |
% |
|
GENERAL SOLVENCY |
3.98 |
|
3.01 |
|
3.51 |
|
|
RETURN ON NET EQUITY |
2.53 |
% |
12.31 |
% |
9.34 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
1.02 |
% |
4.37 |
% |
5.03 |
% |
|
GROSS PROFIT MARGIN |
51.03 |
% |
56.44 |
% |
58.70 |
% |
|
OPERATIONAL RESULT |
1.02 |
% |
4.37 |
% |
5.03 |
% |
|
SALES TURNOVER ON LIABILITIES |
11.44 |
times |
5.67 |
times |
4.67 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
- |
% |
- |
% |
|
FOREIGN CURRENCY ON LIABILITIES |
- |
% |
- |
% |
- |
% |
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FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.79 |
|
UK Pound |
1 |
Rs.80.05 |
|
Euro |
1 |
Rs.64.56 |
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%)