MIRA
INFORM REPORT
|
Report Date : |
24.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SOCER BRASIL INDÚSTRIA E COMÉRCIO LTDA. |
|
|
|
|
Registered Office : |
Estrada Do Guarujá,3150 Bloco 01 – Jd. Marília 13320-990 Salto/SP |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
30.09.2007 |
|
|
|
|
Date of Incorporation : |
25.11.1996 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of Intermediate Chemicals. |
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$ 400.000,00 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exists |
name of the company
SOCER BRASIL
INDÚSTRIA E COMÉRCIO LTDA.
ADDRESSES
|
MAIN ADDRESS: |
ESTRADA DO GUARUJÁ,3150 BLOCO 01 – JD. MARÍLIA |
|
ZIP CODE/CITY: |
13320-990 SALTO/SP |
|
|
|
|
PHONE: |
11 4028-9917 |
|
FAX: |
11 4029-2116 |
|
E-MAIL: |
socer@socer.com.br |
|
WEB SITE: |
www.socer.com.br |
|
BRANCHES: |
|
DOES NOT HAVE |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF INTERMEDIATE CHEMICALS. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
25/11/1996 |
|
REGISTER DATE: |
25/11/1996 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
01.593.699/0001-03 |
|
STATE REGISTER: |
600.04.670.110 |
|
|
|
|
SHARE CAPITAL: |
R$ 4.360.000,00 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
ANIBAL SIMÕES MENDES DOS SANTOS |
MANAGING PARTNER |
|
ANTONIO MANUEL HENRIQUES JORGE FERREIRA |
MANAGING PARTNER |
|
VITOR HENRIQUES LAGOA |
MANAGING PARTNER |
|
JOSÉ PINTO DA ROCHA JORGE FERREIRA |
MANAGER |
AUTHORIZED USE OF SIGNATURE:
|
THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS
/ PARTNERS: |
|
|
|
|
|
ANIBAL SIMÕES MENDES DOS SANTOS (PORTUGAL) |
R$ 457.800,00 |
|
ANTONIO MANUEL HENRIQUES JORGE FERREIRA
(PORTUGAL) |
R$ 861.100,00 |
|
VITOR HENRIQUES LAGOA (PORTUGAL) |
R$ 861.100,00 |
|
SHARES IN TREASURY |
R$ 2.180.000,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
RESINAS BRASIL INDÚSTRIA E COMÉRCIO LTDA |
|
|
RESINAS DO PARANÁ INÚSTRIA E COMÉRIO LTDA |
|
|
SOCIEDADE LUSO BRASILEIRA EXTRAÇÃO E COM. RESINA LTDA |
|
|
RESINA TROPICAIS INDÚSTRIA E COMÉRCIO LTDA |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON NOVEMBER 25, 1996 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. FURTHER DETAILS ABOUT THE SUBJECT’S HISTORY ARE SO FAR NOT KNOWN. |
|
PUBLIC INFORMATION: |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
3 |
FEDERAL LAWSUITS |
10/06/05 |
3ª VARA DE SALTO/SP |
|
(RESEARCH DATE: 22/09/2008) |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 30/09/2007,
31/12/2006 AND 31/12/2005. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS
|
|
|
|
|
CURRENT: |
30/09/2007 |
31/12/2006 |
31/12/2005 |
|
|
|
|
|
|
CASH |
5.233,98 |
6.135,22 |
4.041,83 |
|
BANKS |
148.601,25 |
403.484,96 |
305.126,09 |
|
CLIENTS |
7.790.974,74 |
9.965.042,98 |
7.622.232,67 |
|
INVENTORY |
3.338.570,10 |
2.405.759,13 |
1.923.979,17 |
|
ADVANCE TO SUPPLIERS |
55.573,40 |
42.123,29 |
161.035,49 |
|
RECOVERABLE TAXES |
11.847,21 |
46.055,15 |
159.958,27 |
|
JUDICIAL DEPOSITS |
301.966,75 |
260.933,39 |
87.219,23 |
|
OTHER CREDITS |
73.069,66 |
15.875,76 |
1.381,58 |
|
PRE PAID EXPENSES |
40.837,39 |
32.296,89 |
34.694,49 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
11.766.674,48 |
13.177.706,77 |
10.299.668,82 |
|
FIXED
ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
21.436,39 |
21.436,39 |
21.436,39 |
|
FIXED ASSETS |
4.628.242,77 |
4.484.798,15 |
4.774.039,21 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED
ASSETS |
4.649.679,16 |
4.506.234,54 |
4.795.475,60 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
16.416.353,64 |
17.683.941,31 |
15.095.144,42 |
|
LIABILITIES: |
|
|
|
|
CURRENT:
|
30/09/2007 |
31/12/2006 |
31/12/2005 |
|
|
|
|
|
|
SUPPLIERS |
3.045.661,23 |
3.058.062,61 |
2.072.920,99 |
|
LOANS AND FINANCING |
139.406,62 |
238.481,08 |
234.290,99 |
|
LABOR OBLIGATIONS |
127.874,63 |
148.347,81 |
208.140,12 |
|
TRIBUTARY OBLIGATIONS |
376.473,93 |
281.123,71 |
169.959,80 |
|
PROVISIONS |
580.527,25 |
238.264,54 |
194.260,29 |
|
ADVANCE FROM CLIENTS |
3.756,25 |
2.738,90 |
7.523,43 |
|
ACCOUNTS PAYABLE |
4.158.327,52 |
13.181,07 |
28.037,78 |
|
PROVISIONS/INCOME TAX |
120.678,14 |
|
132.632,97 |
|
SOCIAL CONTRIBUTION |
44.419,25 |
|
48.986,47 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
8.597.124,82 |
3.980.199,72 |
3.096.752,84 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
|
79.493,69 |
312.387,99 |
|
INTERCOMPANY DEBTS |
13.549,29 |
1.090.740,81 |
1.952.843,18 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
13.549,29 |
1.170.234,50 |
2.265.231,17 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
2.180.000,00 |
4.360.000,00 |
4.360.000,00 |
|
CAPITAL RESERVES |
16.836,39 |
16.836,39 |
16.836,39 |
|
ACCRUED PROFIT (LOSS) |
5.608.843,14 |
8.156.670,70 |
5.356.324,02 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
7.805.679,53 |
12.533.507,09 |
9.733.160,41 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
16.416.353,64 |
17.683.941,31 |
15.095.144,42 |
|
PROFIT AND LOSS ACCOUNTS AS OF 30/09/2007, 31/12/2006 AND 31/12/2005. |
|
( FIGURES ARE IN REAIS ). |
|
|
30/09/2007 |
31/12/2006 |
31/12/2005 |
|
|
|
|
|
|
GROSS SALES |
42.416.866,76 |
60.023.260,19 |
48.650.393,19 |
|
(-) TAXES ON SALES |
7.976.259,67 |
9.514.497,75 |
9.479.449,62 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
34.440.607,09 |
50.508.762,44 |
39.170.943,57 |
|
(-) COST OF SOLD GOODS |
29.136.501,30 |
41.727.791,66 |
31.932.040,40 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
5.304.105,79 |
8.780.970,78 |
7.238.903,17 |
|
OPERATING REVENUE (EXPENSE) |
-2.503.400,25 |
-2.984.752,45 |
-2.667.075,74 |
|
FINANCIAL REVENUE(EXPENSE) |
-439.600,53 |
-1.577.416,35 |
-1.478.445,40 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
2.361.105,01 |
4.218.801,98 |
3.093.382,03 |
|
NON-OPERATING RESULT |
-42.741,72 |
28.180,28 |
-149.449,00 |
|
CONTRIBUTION/INCOME TAX |
-779.437,31 |
-1.446.635,58 |
-986.793,72 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
1.538.925,98 |
2.800.346,68 |
1.957.139,31 |
|
RATIOS: |
30/09/2007 |
31/12/2006 |
31/12/2005 |
|
QUICK RATIO |
,98 |
|
2,71 |
|
2,70 |
|
|
CURRENT RATIO |
1,37 |
|
3,31 |
|
3,33 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
4,42 |
TIMES |
5,07 |
TIMES |
5,14 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
61,08 |
DAYS |
71,03 |
DAYS |
70,05 |
DAYS |
|
INVENTORY TURNOVER |
8,73 |
TIMES |
17,35 |
TIMES |
16,60 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
28,22 |
DAYS |
26,38 |
DAYS |
23,37 |
DAYS |
|
RETURN ON ASSETS |
2,10 |
TIMES |
2,86 |
TIMES |
2,59 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
4,41 |
TIMES |
4,03 |
TIMES |
4,02 |
TIMES |
|
NET WORTH TIE-UP |
,59 |
|
,36 |
|
,49 |
|
|
INDEBTEDNESS |
1,10 |
|
,41 |
|
,55 |
|
|
EQUITY RATIO |
47,55 |
% |
70,88 |
% |
64,48 |
% |
|
WORKING CAPITAL RATIO |
36,87 |
% |
231,08 |
% |
232,60 |
% |
|
GENERAL SOLVENCY |
1,91 |
|
3,43 |
|
2,82 |
|
|
RETURN ON NET EQUITY |
19,72 |
% |
22,34 |
% |
20,11 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
4,47 |
% |
5,54 |
% |
5,00 |
% |
|
GROSS PROFIT MARGIN |
15,40 |
% |
17,39 |
% |
18,48 |
% |
|
OPERATIONAL RESULT |
6,86 |
% |
8,35 |
% |
7,90 |
% |
|
SALES TURNOVER ON LIABILITIES |
4,01 |
TIMES |
12,69 |
TIMES |
12,65 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,79 |
- OFFICIAL RATE ON 22/09/2008 |
|
US$ 1,00 = R$ 1,83 |
- OFFICIAL RATE ON 30/09/2007 |
|
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 THAT IN 2006 SUBJECT HAD GOOD FINANCIAL
STANDING. IT HAD HIGH LIQUIDITY RATIOS AND POSITIVE WORKING CAPITAL AMOUNT,
LOW LEVEL OF INDEBTEDNESS AS WELL AS GROWING SALES AND MAKING PROFIT. THE INTERIM FIGURES FOR SEPTEMBER 2007 INDICATED DETERIORATION IN THE
COMPANY’S FINANCIAL POSITION. THE LEVEL OF INDEBTEDNESS INCREASED BUT THE
LIQUIDITY WAS STILL NORMAL. THE COMPANY SHOWS DOWNWARD SALES TREND BUT MADE
PROFIT. REMARK: THE COMPANY DECLINED TO DISCLOSE ANY UPDATED FINANCIAL INFORMATION
UNLESS THE INQUIRING PARTY’S NAME WAS RELEASED. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
INSURANCE
|
NOT AVAILABLE. |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO ITAÚ S/A |
14 3102-1268 |
BAURU/SP |
|
BANCO DO BRASIL
S/A |
14 3214-5200 |
BAURU/SP |
|
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 SEPTEMBER 22, 2008. |
ACTIVITIES COMMENTS
|
THE SUBJECT IS ENGAGED IN THE MANUFACTURE OF INTERMEDIATE CHEMICALS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
PHONE: |
|
3M DO BRASIL LTDA |
|
19 3838-6865 |
|
ADECOL IND. QUIMICA LTDA |
|
|
|
ARCOR DO BRASIL LTDA |
|
19 3493-9117 |
|
BOAINAIN IND. E COMERCIO LTDA |
|
|
|
BOMBRIL S/A |
|
|
|
FIRMENICH & CIA LTDA |
|
11 4617-8800 |
|
GIVAUDAN DO BRAIL IND. E COM. DE AROMAS E FRAGANCIAS LTDA |
|
19 3876-8819 |
|
NACIONAL DE GRAFITE |
|
37 3341-8000 |
|
SUKEST INDÚSTRIA DE ALIMENTOS
E FARMA LTDA |
|
14 4009-3000 |
|
|
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS:
100 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY,
OPERATING SINCE 1996. 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. 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: |
|
CARBOCLORO S/A INDS.
QUIMICAS |
|
11 3704-4200 |
|
CIA BRASILEIRA
DE PETROLEO IPIRANGA |
|
|
|
COREMAL COM.
REPRES. MAIA LTDA |
|
81 3267-4700 |
|
EÇEKEIROZ S/A |
|
11 4596-8780 |
|
GREIF EMBALAGENS
INDUSRIAIS DO BRASIL LTDA |
|
21 3865-3358 |
|
IBÉRIA IND. DE EMBALAGENS
LTDA |
|
19 3652-9108 |
|
JORPAN IND. E
COM. DE EMBALAGENS LTDA |
|
11 4648-6877 |
|
MAKENI CHEMICALS
COM IND DE PROD. QUIMICOS LTDA |
|
11 4071-0694 |
|
MANCHESTER
CHEMICAL PROD. QUIMICOS LTDA |
|
11 6905-1522 |
|
MAPEX COML.
DISTRIBUIDORA LTDA |
|
|
|
PLURY QUIMICA
LTDA |
|
11 4091-4711 |
|
POLIKRAFGT SACOS
MULTIFOLHADOS DE PAPEL LTDA |
|
11 3686-5848 |
|
QUÍMICA AMPARO |
|
11 3683-8333 |
|
PAYMENT
HISTORY: |
|
13 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 257.378,00 |
|
|
|
AMOUNT OF INVOICES PAID: 48 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 42.470,00 |
|
HIGHEST CREDIT: R$ 42.470,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30
DAYS |
4 |
6 |
R$ 17.627,00 |
FINAL OPINION
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL 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.
A CREDIT LIMIT OF US$ 400.000,00 MAY BE CONSIDERED.
|
SOCER BRASIL
INDÚSTRIA E COMÉRCIO LTDA |
|
|
|
BALANCE SHEET
ANALYSIS |
FIGURES ARE IN
REAIS |
|
|
|
30-09-07 |
|
|
ASSETS |
|
% |
|
Current Assets |
71.68 |
|
|
Fixed Assets |
$ 4,649,679 |
28.32 |
|
TOTAL ASSETS |
$ 16,416,354 |
100.00 |
|
LIABILITIES |
|
|
|
Current Liabilities |
$ 8,597,125 |
52.37 |
|
Long-Term Liabilities |
$ 13,549 |
0.08 |
|
TOTAL LIABILITIES |
$ 8,610,674 |
52.45 |
|
Deferred Income |
$ -
|
0.00 |
|
Net Equity |
$ 7,805,680 |
47.55 |
|
TOTAL LIABILITIES + NET EQUITY |
$ 16,416,354 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
Net Sales |
$ 34,440,607 |
100.00 |
|
Costs |
$ 29,136,501 |
84.60 |
|
Gross Profit |
$ 5,304,106 |
15.40 |
|
Operating expenses |
$ (2,503,400) |
-7.27 |
|
operational Result |
$ 2,361,105 |
6.86 |
|
Net Profit (loss) |
$ 1,538,926 |
4.47 |
|
COMPLEMENTARY DATA |
|
|
|
Inventory |
$ 3,338,570 |
|
|
Accounts receivable |
$ 7,790,975 |
|
|
Accounts Payable |
$ 3,045,661 |
|
|
Property, plant and equipment |
$ 4,628,243 |
|
|
Purchases |
$ 4,649,679 |
|
|
Financial Expenses |
$ (439,601) |
|
|
Foreign Currency Assets |
|
|
|
Foreign Currency Liabilities |
|
|
|
Working Capital |
$ 3,169,550 |
|
|
RATIOS: |
|
|
|
QUICK RATIO |
0.98 |
|
|
CURRENT RATIO |
1.37 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
4.42 |
times |
|
DAYS' SALES IN RECEIVABLES |
61.08 |
days |
|
INVENTORY TURNOVER |
8.73 |
times |
|
28.22 |
days |
|
|
RETURN ON ASSETS |
2.10 |
times |
|
SALES TURNOVER ON NET EQUIY |
4.41 |
times |
|
NET WORTH TIE-UP |
0.59 |
|
|
ENDEBTEDNESS |
1.10 |
|
|
EQUITY RATIO |
47.55 |
% |
|
WORKING CAPITAL RATIO |
36.87 |
% |
|
GENERAL SOLVENCY |
1.91 |
|
|
RETURN ON NET EQUITY |
19.72 |
% |
|
RETURN ON SALES (PROFIT
MARGIN) |
4.47 |
% |
|
GROSS PROFIT MARGIN |
15.40 |
% |
|
OPERATIONAL RESULT |
6.86 |
% |
|
SALES TURNOVER ON LIABILITIES |
4.01 |
times |
|
FOREIGN CURRENCY ON ASSETS |
-
|
% |
|
FOREIGN CURRENCY ON
LIABILITIES |
- |
% |
|
SOCER BRASIL
INDÚSTRIA E COMÉRCIO LTDA |
|
|
|
|
|
BALANCE SHEET
ANALYSIS |
|
|
|
|
|
|
31-12-06 |
|
31-12-05 |
|
|
ASSETS |
|
% |
|
% |
|
Current Assets |
$ 13,177,707 |
74.52 |
$ 10,299,669 |
68.23 |
|
Fixed Assets |
$ 4,506,235 |
25.48 |
$ 4,795,476 |
31.77 |
|
TOTAL ASSETS |
$ 17,683,941 |
100.00 |
$ 15,095,144 |
100.00 |
|
LIABILITIES |
|
|
|
|
|
Current Liabilities |
$ 3,980,200 |
22.51 |
$ 3,096,753 |
20.51 |
|
Long-Term Liabilities |
$ 1,170,235 |
6.62 |
$ 2,265,231 |
15.01 |
|
TOTAL LIABILITIES |
$ 5,150,434 |
29.12 |
$ 5,361,984 |
35.52 |
|
Deferred Income |
$ - |
0.00 |
$ - |
0.00 |
|
Net Equity |
$ 12,533,507 |
70.88 |
$ 9,733,160 |
64.48 |
|
TOTAL LIABILITIES + NET EQUITY |
$ 17,683,941 |
100.00 |
$ 15,095,144 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
|
Net Sales |
$ 50,508,762 |
100.00 |
$ 39,170,944 |
100.00 |
|
Costs |
$ 41,727,792 |
82.61 |
$ 31,932,040 |
81.52 |
|
Gross Profit |
$ 8,780,971 |
17.39 |
$ 7,238,903 |
18.48 |
|
Operating expenses |
$ (2,984,752) |
-5.91 |
$ (2,667,076) |
-6.81 |
|
operational Result |
$ 4,218,802 |
8.35 |
$ 3,093,382 |
7.90 |
|
Net Profit (loss) |
$ 2,800,347 |
5.54 |
$ 1,957,139 |
5.00 |
|
COMPLEMENTARY DATA |
|
|
|
|
|
Inventory |
$ 2,405,759 |
|
$ 1,923,979 |
|
|
Accounts receivable |
$ 9,965,043 |
|
$ 7,622,233 |
|
|
Accounts Payable |
$ 3,058,063 |
|
$ 2,072,921 |
|
|
Property, plant and equipment |
$ 4,484,798 |
|
$ 4,774,039 |
|
|
Purchases |
$ 4,506,235 |
|
$ 4,795,476 |
|
|
Financial Expenses |
$ (1,577,416) |
|
$ (1,478,445) |
|
|
Foreign Currency Assets |
|
|
|
|
|
Foreign Currency Liabilities |
|
|
|
|
|
Working Capital |
$ 9,197,507 |
|
$ 7,202,916 |
|
|
RATIOS: |
|
|
|
|
|
QUICK RATIO |
2.71 |
|
2.70 |
|
|
CURRENT RATIO |
3.31 |
|
3.33 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
5.07 |
times |
5.14 |
times |
|
DAYS' SALES IN RECEIVABLES |
71.03 |
days |
70.05 |
days |
|
INVENTORY TURNOVER |
17.34 |
times |
16.60 |
times |
|
ACCOUNTS PAYABLE PERIOD |
26.38 |
days |
23.37 |
days |
|
RETURN ON ASSETS |
2.86 |
times |
2.59 |
times |
|
SALES TURNOVER ON NET EQUIY |
4.03 |
times |
4.02 |
times |
|
NET WORTH TIE-UP |
0.36 |
|
0.49 |
|
|
ENDEBTEDNESS |
0.41 |
|
0.55 |
|
|
EQUITY RATIO |
70.88 |
% |
64.48 |
% |
|
WORKING CAPITAL RATIO |
231.08 |
% |
232.60 |
% |
|
GENERAL SOLVENCY |
3.43 |
|
2.82 |
|
|
RETURN ON NET EQUITY |
22.34 |
% |
20.11 |
% |
|
RETURN ON SALES (PROFIT
MARGIN) |
5.54 |
% |
5.00 |
% |
|
GROSS PROFIT MARGIN |
17.39 |
% |
18.48 |
% |
|
OPERATIONAL RESULT |
8.35 |
% |
7.90 |
% |
|
SALES TURNOVER ON LIABILITIES |
12.69 |
times |
12.65 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
- |
% |
|
FOREIGN CURRENCY ON
LIABILITIES |
- |
% |
- |
% |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.83 |
|
UK Pound |
1 |
Rs.84.90 |
|
Euro |
1 |
Rs.67.26 |
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%)