MIRA INFORM REPORT
|
Report Date : |
12.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
FERTIPAR FERTILIZANTES DO NORDESTE LTDA. |
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Registered Office : |
Rua Deputado Heitor Alencar Furtado, 3100 Sala 07 Mossunguê, Zip Code 81200-110 - Curitiba/Pr |
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Country : |
Brazil |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
25.08.1997 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture, sale, import, export of
fertilizers and nitrogen compounds |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 3.000.000,00 |
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Status : |
Moderate |
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Payment
Behaviour : |
Slow |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Brazil |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
FERTIPAR
FERTILIZANTES DO NORDESTE LTDA.
company ADDRESSES
|
MAIN ADDRESS: |
RUA DEPUTADO HEITOR ALENCAR FURTADO, 3100 SALA 07 MOSSUNGUÊ |
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ZIP CODE/CITY: |
81200-110 - CURITIBA/PR |
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PHONE: |
41 3026-9009 |
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FAX: |
41 3026-9009 |
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E-MAIL: |
jacque@fertipar.com.br |
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WEB SITE: |
www.fertipar.com.br |
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BRANCHES: |
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ADDRESS: |
VIA MATOIM, S/N°. CIA NORTE |
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ZIP CODE/CITY: |
43800-000 CANDEIAS/BA |
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PHONE: |
71 3602-8900 |
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FAX: |
71 3602-1135 |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
MANUFACTURE, SALE, IMPORT, EXPORT OF FERTILIZERS AND NITROGEN
COMPOUNDS. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
25/08/1997 |
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REGISTER DATE: |
12/09/1997 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
02.119.258/0001-37 |
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|
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SHARE CAPITAL: |
R$ 39.252.000,00 |
|
LAST REGISTER OF CAPITAL: |
18/01/2011 |
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BOARD OF
DIRECTORS: |
|
|
|
|
|
ALCEU ELIAS FELDMANN |
DIRECTOR |
|
ALCEU ELIAS FELDMANN FILHO |
DIRECTOR |
|
EDMUNDO DE MOURA LEITE FILHO |
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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FERTIPAR FETILIZANTES DO PARANÁ LTDA |
R$ 33.364.200,00 |
|
EDMUNDO DE MOURA LEITE FILHO |
R$ 5.887.800,00 |
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AFFILIATES /
SUBSIDIARIES: |
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FERTILIZANTES VALE DO RIO GRANDE LTDA FERTIGRAN |
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FERTILIZANTES PIRATINI LTDA |
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FERTILIZANTES CENTRO OESTE LTDA |
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FERTILIZANTES DO NORDESTE LTDA FERTINE |
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FERTIPAR SUDESTE ADUBOS E CORRETIVOS AGRÍCOLAS LTDA |
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FERTIPAR BANDEIRANTES LTDA |
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FERTINOR FERTILIZANTES LTDA |
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INDUSTRIA DE FERTILIZANTES ATLÂNTICO LTDA |
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FERTIPAR FERTILIZANTES DO MATO GROSSO LTDA |
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FERTIAL FERTILIZANTES DE ALAGOAS LTDA |
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FERTIPAR FERTILIZANTES DO MARANHÃO LTDA |
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R.R. COMERCIO DE FERTILIZANTES E PARTICIPAÇÕES |
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FERTIPAR FERTILIZANTES DO MATO GROSSO LTDA |
|
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FERTINOR FERTILIANTES LTDA |
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K G PARTICIPAÇÕES IMOBILIARIAS E EMPRESA |
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COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON AUGUST 25, 1997 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. TRADE NAME: FERTIPAR BAHIA PARTNERS: FERTIPAR FERTILIZANTES DO PARANÁ LTDA, NIRE: 41.200.546.795, COMPANY
REGISTERED UNDER TAXPAYER REGISTER NUMBER CNPJ # 90.810.706/0001-01,
HEADQUARTERED AT RUA DEPUTADO HEITOR ALENCAR FURTADO, 3100, SA\LA 01, BAIRRO
MOSSUNGUÊ, ZIP CODE 81200-110, CURITIBA/PR, REPRESENTED BY ITS MANAGING
PARTNER MR. ALCEU ELIAS FELDMANN, BRAZILIAN, MARRIED, AGRICULTURIST ENGINEER,
DOCUMENTS RG # 5014089725-RS, CPF # 019.899.109-63, RESIDENTIAL ADDRESS AT
RUA FRANCISCO LIPKA, 90, APTO 16, MOSSUNGUÊ, ZIP CODE 81200-580, CURITIBA/PR; EDMUNDO DE MOURA LEITE FILHO, BRASILEIRO, BRAZILIAN, MARRIED,
AGRICULTURIST ENGINEER, DOCUMENTS RG # 1.379.223-PE, CPF # 143.377.464-04, RESIDENTIAL ADDRESS AT
AVENIDA 17 DE AGOSTO, 2665, APTO 1701, APIPUCOS, ZIP CODE 52071-000,
RECIFE/PE. ALCEU ELIAS FELDMANN FILHO, BRAZILIAN, DIVORCED BUSINESS
ADMINISTRATOR, DOCUMENTS RG # 5.126.395-2-PR, CPF # 903.975.689-91,
RESIDENTIAL ADDREES AT RUA PROFESSOR PEDRO VIRIATO PARIGOT DE SOUZA, 1541,
APTO 191, MOSSUNGUÊ, ZIP CODE 81200-100, CURITIBA/PR. BUSINESS ADDRESS HAS CHANGED FROM (RUA 13 DE MAIO, 46, CURITIBA/PR) TO
THE PRESENT REGISTERED ONE. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
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PUBLIC
INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 30/06/2011, 31/12/2010 AND 31/12/2009. |
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( FIGURES ARE IN THOUSANDS OF REAIS ). |
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ASSETS |
|
|
|
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CURRENT: |
30/06/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
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CASH AND BANKS |
28.430 |
5.592 |
5.596 |
|
CLIENTS |
24.613 |
41.069 |
33.910 |
|
INVENTORY |
41.003 |
19.801 |
23.190 |
|
RECOVERABLE TAXES |
12.774 |
11.455 |
9.709 |
|
CREDIT AND VALUES |
235 |
217 |
109 |
|
ADVANCES |
|
24 |
|
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IMPORTS IN PROGRESS |
53.006 |
6.148 |
|
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PREPAID EXPENSES |
13 |
46 |
|
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ADVANCE TO SUPPLIERS |
10.549 |
638 |
896 |
|
INTERCOMPANY CREDITS |
|
|
752 |
|
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---------------- |
---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
170.623 |
84.990 |
74.162 |
|
LONG-TERM
RECEIVABLES: |
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|
|
|
|
|
|
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RECOVERABLE TAXES |
|
11 |
11 |
|
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---------------- |
---------------- |
---------------- |
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TOTAL LONG-TERM RECEIVABLES |
|
11 |
11 |
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FIXED ASSETS: |
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|
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FIXED ASSETS |
14.422 |
15.939 |
1.502 |
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DEPRECIATIONS |
|
-2.185 |
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|
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---------------- |
---------------- |
---------------- |
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TOTAL FIXED ASSETS |
14.422 |
13.754 |
1.502 |
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|
================ |
================ |
================ |
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TOTAL ASSETS |
185.045 |
98.755 |
75.675 |
|
LIABILITIES: |
|
|
|
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CURRENT: |
30/06/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
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SUPPLIERS |
2.006 |
971 |
25.284 |
|
SOCIAL OBLIGATIONS |
91 |
|
315 |
|
TAXES & CONTRIBUTIONS |
92 |
401 |
290 |
|
DEFERRED INCOME |
369 |
547 |
|
|
LOANS AND FINANCING |
|
|
1.770 |
|
PROVISIONS |
1.599 |
559 |
|
|
ADVANCE FROM CLIENTS |
53.750 |
13.298 |
10.033 |
|
EXCHANGE CONTRACT |
58.687 |
22.072 |
|
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CURRENT ACCOUNTS |
44 |
|
|
|
OTHER DEBTS |
1.520 |
1.053 |
652 |
|
|
---------------- |
---------------- |
---------------- |
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TOTAL CURRENT LIABILITIES |
118.158 |
38.901 |
38.344 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
MUTUAL CONTRACT |
|
|
8.511 |
|
DEFERRED TAXES |
3.249 |
3.249 |
|
|
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---------------- |
---------------- |
---------------- |
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TOTAL LONG TERM LIABILITIES |
3.249 |
3.249 |
8.511 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
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SHARE CAPITAL |
39.252 |
39.252 |
30.252 |
|
PROFIT RESERVES |
16.070 |
9.037 |
|
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ACCRUED PROFIT (LOSS) |
|
|
-1.432 |
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CAPITAL RESERVES |
2.009 |
2.009 |
|
|
OTHER COMPREHENSIVE INCOME |
6.307 |
6.307 |
|
|
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---------------- |
---------------- |
---------------- |
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TOTAL NET EQUITY |
63.638 |
56.605 |
28.820 |
|
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================ |
================ |
================ |
|
TOTAL LIABILITIES |
185.045 |
98.755 |
75.675 |
|
PROFIT AND LOSS ACCOUNTS AS OF 30/06/2011, 31/12/2010 AND 31/12/2009. |
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( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
30/06/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
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GROSS SALES |
102.228 |
239.925 |
228.924 |
|
(-) TAXES ON SALES |
3.359 |
5.906 |
6.040 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
98.869 |
234.019 |
222.884 |
|
(-) COST OF SOLD GOODS |
84.729 |
204.452 |
215.038 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
14.140 |
29.567 |
7.846 |
|
OPERATING REVENUE (EXPENSE) |
-7.321 |
-19.071 |
-14.887 |
|
FINANCIAL REVENUE(EXPENSE) |
213 |
2.996 |
8.405 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
7.032 |
13.492 |
1.364 |
|
CONTRIBUTION/INCOME TAX |
-751 |
-1.274 |
-500 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
6.281 |
12.218 |
864 |
|
RATIOS: |
30/06/2011 |
31/12/2010 |
31/12/2009 |
|
QUICK RATIO |
1,10 |
|
1,68 |
|
1,33 |
|
|
CURRENT RATIO |
1,44 |
|
2,18 |
|
1,93 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
4,02 |
TIMES |
5,70 |
TIMES |
6,57 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
44,81 |
DAYS |
63,18 |
DAYS |
54,77 |
DAYS |
|
INVENTORY TURNOVER |
2,07 |
TIMES |
10,33 |
TIMES |
9,27 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
4,26 |
DAYS |
1,71 |
DAYS |
42,33 |
DAYS |
|
RETURN ON ASSETS |
,53 |
TIMES |
2,37 |
TIMES |
2,95 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
1,55 |
TIMES |
4,13 |
TIMES |
7,73 |
TIMES |
|
NET WORTH TIE-UP |
,23 |
|
,28 |
|
,05 |
|
|
INDEBTEDNESS |
1,91 |
|
,74 |
|
1,63 |
|
|
EQUITY RATIO |
34,39 |
% |
57,32 |
% |
38,08 |
% |
|
WORKING CAPITAL RATIO |
44,40 |
% |
118,48 |
% |
93,41 |
% |
|
GENERAL SOLVENCY |
1,52 |
|
2,34 |
|
1,62 |
|
|
RETURN ON NET EQUITY |
9,87 |
% |
21,58 |
% |
3,00 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
6,35 |
% |
5,22 |
% |
,39 |
% |
|
GROSS PROFIT MARGIN |
14,30 |
% |
12,63 |
% |
3,52 |
% |
|
OPERATIONAL RESULT |
7,11 |
% |
5,77 |
% |
,61 |
% |
|
SALES TURNOVER ON LIABILITIES |
,84 |
TIMES |
6,02 |
TIMES |
5,81 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
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FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
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EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,59 |
- OFFICIAL RATE ON 08/08/2011 |
|
US$ 1,00 = R$ 1,56 |
- OFFICIAL RATE ON 30/06/2011 |
|
US$ 1,00 = R$ 1,66 |
- OFFICIAL RATE ON 31/12/2010 |
|
US$ 1,00 = R$ 1,74 |
- OFFICIAL RATE ON 31/12/2009 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS THE ANNUAL FIGURES FOR 2010 SHOW A GOOD FINANCIAL STANDING. IT HAD
GOOD LIQUIDITY AND POSITIVE WORKING CAPITAL, AS WELL AS LOW LEVEL OF
INDEBTEDNESS. IN ADDITION IT SHOWED GROWING SALES AND MADE PROFIT. THE INTERIM FIGURES FOR JUNE 2011 SHOW HIGH LEVEL OF INDEBTEDNESS BUT
IT STILL HAS GOOD CURRENT RATIO AND POSITIVE WORKING CAPITAL. IT SHOWS
DOWNWARD SALES TREND BUT POSITIVE RESULT. IT IS WORTH COMMENTING THAT THE SUBJECT BELONGS TO A LARGE-SIZED
GROUP, WITH HIGH FINANCIAL STRENGTH. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 516.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 544.000,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 92.000,00
INSURANCE
|
NOT AVAILABLE |
BANKING REFERENCES
|
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BRANCH/PHONE: |
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BANCO ABC BRASIL S/A |
41 3022-2000 |
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BANCO ALFA INVESTIMENTOS S/A |
41 4501-3450 |
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BANCO BRADESCO S/A |
41 3026-9731 |
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BANCO DO BRASIL S/A |
41 3320-9472 |
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BANCO FIBRA S/A |
41 3232-2430 |
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HSBC BANK BRASIL S/A |
41 3321-6395 |
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BANCO ITAU S/A |
41 3028-4482 |
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BANCO RABOBANK S/A |
11 5503-7055 |
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BANCO SAFRA S/A |
41 2106-1460 |
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BANCO SANTANDER (BRASIL) S/A |
41 3281-5321 |
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BANCO VOTORANTIM S/A |
41 2103-6902 |
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BANCO CITIBANK S/A |
41 4009-1125 |
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|
BANCO PINE S/A |
41 3306-4105 |
|
|
DEUTSCHE BANK |
11 2113-5000 |
|
|
BANCO SUMITOMO S/A |
11 3178-8070 |
|
|
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, IMPORT, AND EXPORT OF
ORGANIC AND MINERAL CHEMICAL PRODUCTS FOR AGRICULTURE AND CATTLE BREEDING.
INDUSTRIALIZATION OF MANURE AND LIMESTONE PRODUCTION AND SALE OF SEEDS,
HERBICIDES, PREPARED RATIONS AND AGRICULTURAL IMPLEMENTS AND COMMERCIAL
REPRESENTATION. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
SWITZERLAND, USA, ISRAEL, HOLLAND, GERMANY AND NORWAY, FRANCE AND
ISRAEL. |
EXPORTS TO:
|
NOT AVAILABLE. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
|
|
|
AGROPECUÁRIA SAPUCAI |
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|
ARACRUZ CELULOSE S/A |
|
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BAHIA SUL CELULOSE S/A |
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CAÍ SANTA BÁRBARA LTDA. |
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DINAGRO DIST. INS. AGROP. |
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FIORENTINO CAPELLESO |
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|
IVO RIBEIRO DA SILVA |
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MÓDULO RURAL |
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P. R. COM. VAREJISTA |
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PEPINO MORESCHI |
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PONTO DO FAZENDEIRO |
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RITTA MARINA RUBERT SETE FERRAS AGROIND. |
|
|
|
SETE FERROS AGROIND. |
|
|
|
UNACAU AGRÍCOLA S/A |
|
|
|
VERACEL CELULOSE S/A |
|
|
|
STAFF: |
|
|
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THE COMPANY HAS: 89 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1997. IT
BELONGS TO A LARGE-SIZED GROUP, WHICH HAS HIGH FINANCIAL STRENGTH. THE FIRM
OPERATES HIGH SCALE OF ACTIVITIES AND A GOOD TRADE REPUTATION. THE COMPANY HAS TRADE RELATIONS WITH SEVERAL SUPPLIERS BUT UP TO DATE
ONLY SMALL PAYMENTS WERE REPORTED AND THE SUBJECT IS NOT SAID TO BE USER OF
TRADE CREDIT FACILITIES. NEVERTHELESS, AS NEITHER RELEVANT PAYMENT DELAYS NOR DETRIMENTAL FILES
ARE REGISTERED IT MAY BE NOTED THAT THE SUBJECT MEETS ITS TRADE COMMITMENTS PROPERLY.
|
|
MAIN SUPPLIERS: |
|
|
|
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DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
AGROPLANTA INDUSTRIAS QUIMICAS LTDA |
|
11 5054-9800 |
|
BB FÉRTIL IND E COM DE BIG BAGS LTDA |
|
41 3285-1658 |
|
BRASFLEX COMPONENTES TEXTEIS LTDA |
|
71 2108-6112 |
|
CATA TECIDOS E EMBALAGENS INDS. LTDA |
|
11 3647-9757 |
|
EMBRASA EMBAL BRASILEIRA IND E COM LTDA |
|
19 3864-4102 |
|
FERTIZINCO IND COM MICRONUTRIENTES LTDA |
|
41 3364-2644 |
|
IMPRIMA SOLUÇÕES GRÁFICAS LTDA |
|
11 5521-5499 |
|
INPLAC IND DE PLÁSTICOS S/A |
|
51 3222-0091 |
|
NUTRIPLANT IND E COMERCIO S/A |
|
19 2139-9506 |
|
PETRÓLEO BRASILEIRO S/A - PETROBRÁS |
|
21 3224-3250 |
|
PROCÓPIO COM E IND SACARIA LTDA |
|
41 3391-1500 |
|
PRODUQUIMICA IND E COMERCIO LTDA |
|
11 3016-9602 |
|
RAFITEC IND COM DE SACARIA LTDA |
|
42 3624-5744 |
|
ULTRAFERTIL S/A |
|
11 5501-1155 |
|
VALE FERTILIZANTES S/A |
|
13 3362-9956 |
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
|
|
AMEROPA |
SWITZERLAND |
|
|
CANPOTEX |
CANADA |
|
|
FERTIVA / K+S |
GERMANY |
|
|
GAVILON |
UNITED STATES |
|
|
HONEY WELL |
UNITED STATES |
|
|
ICL FERTILIZERS |
ISRAEL |
|
|
INDAGRO |
GREECE |
|
|
KEYTRADE |
SWITZERLAND |
|
|
OCI AGRO |
EGYPT / HOLLAND |
|
|
OCP |
MOROCCO |
|
|
POSCHEM |
UNITED STATES |
|
|
TRANSAMMONIA AG |
SWITZERLAND |
|
|
URALCHEM |
RUSSIA |
|
|
PAYMENT HISTORY: |
|
04 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 175.645,00 |
|
|
|
AMOUNT OF INVOICES PAID: 54 |
|
TOTAL OF PROMPT PAYMENTS: 62,1% |
|
TOTAL OF DELAYED PAYMENTS: 37,9% |
|
|
|
HIGHEST INVOICE: R$ 64.101,00 |
|
HIGHEST CREDIT: R$ 64.101,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
FINAL OPINION
|
THE SUBJECT IS A NEW BUT WELL-ESTABLISHED COMPANY IN BUSINESS SINCE
1997. UP TO DATE IT SHOWS GOOD FINANCIAL STANDING AND THE SUBJECT OPERATES
WITH CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOUR. BASED ON THE OVERALL 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 SIZE AND FINANCIAL STRENGTH. AN INITIAL CREDIT LIMIT OF USD 3.000.000,00 MAY BE CONSIDERED. EVEN
HIGHER AMOUNTS CAN BE GRANTED DEPENDING ON THE IMPORTANCE OF THE ACTIVITIES
BEING ESTABLISHED WITH THE SUBJECT. |
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BALANCE
SHEET ANALYSIS |
FIGURES
ARE IN THOUSANDS OF REAIS |
|
|
|
||
|
|
30-06-11 |
|
31-12-10 |
|
31-12-09 |
|
|
ASSETS |
|
% |
|
% |
|
% |
|
Current Assets |
92.21 |
$ 84,990 |
86.06 |
$ 74,162 |
98.00 |
|
|
Fixed Assets |
$ 14,422 |
7.79 |
$ 13,754 |
13.93 |
$ 1,502 |
1.98 |
|
TOTAL ASSETS |
$ 185,045 |
100.00 |
$ 98,755 |
100.00 |
$ 75,675 |
100.00 |
|
LIABILITIES |
|
|
|
|
|
|
|
Current Liabilities |
$ 118,158 |
63.85 |
$ 38,901 |
39.39 |
$ 38,344 |
50.67 |
|
Long-Term Liabilities |
$ 3,249 |
1.76 |
$ 3,249 |
3.29 |
$ 8,511 |
11.25 |
|
TOTAL LIABILITIES |
$ 121,407 |
65.61 |
$ 42,150 |
42.68 |
$ 46,855 |
61.92 |
|
Deferred Income |
$ - |
0.00 |
$ - |
0.00 |
$ - |
0.00 |
|
Net Equity |
$ 63,638 |
34.39 |
$ 56,605 |
57.32 |
$ 28,820 |
38.08 |
|
TOTAL LIABILITIES + NET EQUITY |
$ 185,045 |
100.00 |
$ 98,755 |
100.00 |
$ 75,675 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
|
|
|
Net Sales |
$ 98,869 |
100.00 |
$ 234,019 |
100.00 |
$ 222,884 |
100.00 |
|
Costs |
$ 84,729 |
85.70 |
$ 204,452 |
87.37 |
$ 215,038 |
96.48 |
|
Gross Profit |
$ 14,140 |
14.30 |
$ 29,567 |
12.63 |
$ 7,846 |
3.52 |
|
Operating expenses |
$ (7,321) |
-7.40 |
$ (19,071) |
-8.15 |
$ (14,887) |
-6.68 |
|
operational Result |
$ 7,032 |
7.11 |
$ 13,492 |
5.77 |
$ 1,364 |
0.61 |
|
Net Profit (loss) |
$ 6,281 |
6.35 |
$ 12,218 |
5.22 |
$ 864 |
0.39 |
|
COMPLEMENTARY DATA |
|
|
|
|
|
|
|
Inventory |
$ 41,003 |
|
$ 19,801 |
|
$ 23,190 |
|
|
Accounts receivable |
$ 24,613 |
|
$ 41,069 |
|
$ 33,910 |
|
|
Accounts Payable |
$ 2,006 |
|
$ 971 |
|
$ 25,284 |
|
|
Property, plant and equipment |
$ 14,422 |
|
$ 15,939 |
|
$ 1,502 |
|
|
Purchases |
$ 14,422 |
|
$ 13,754 |
|
$ 1,502 |
|
|
Financial Expenses |
$ 213 |
|
$ 2,996 |
|
$ 8,405 |
|
|
Foreign Currency Assets |
|
|
|
|
|
|
|
Foreign Currency Liabilities |
|
|
|
|
|
|
|
Working Capital |
$ 52,465 |
|
$ 46,089 |
|
$ 35,818 |
|
|
RATIOS: |
|
|
|
|
|
|
|
QUICK RATIO |
1.10 |
|
1.68 |
|
1.33 |
|
|
CURRENT RATIO |
1.44 |
|
2.18 |
|
1.93 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
4.02 |
times |
5.70 |
times |
6.57 |
times |
|
DAYS' SALES IN RECEIVABLES |
44.81 |
days |
63.18 |
days |
54.77
|
days |
|
INVENTORY TURNOVER |
2.07 |
times |
10.33 |
times |
9.27 |
times |
|
4.26 |
days |
1.71 |
days |
42.33
|
days |
|
|
RETURN ON ASSETS |
0.53 |
times |
2.37 |
times |
2.95 |
times |
|
SALES TURNOVER ON NET EQUIY |
1.55 |
times |
4.13 |
times |
7.73 |
times |
|
NET WORTH TIE-UP |
0.23 |
|
0.28 |
|
0.05 |
|
|
ENDEBTEDNESS |
1.91 |
|
0.74 |
|
1.63 |
|
|
EQUITY RATIO |
34.39 |
% |
57.32 |
% |
38.08
|
% |
|
WORKING CAPITAL RATIO |
44.40 |
% |
118.48 |
% |
93.41
|
% |
|
GENERAL SOLVENCY |
1.52 |
|
2.34 |
|
1.62 |
|
|
RETURN ON NET EQUITY |
9.87 |
% |
21.58 |
% |
3.00 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
6.35 |
% |
5.22 |
% |
0.39 |
% |
|
GROSS PROFIT MARGIN |
14.30 |
% |
12.63 |
% |
3.52 |
% |
|
OPERATIONAL RESULT |
7.11 |
% |
5.77 |
% |
0.61 |
% |
|
SALES TURNOVER ON LIABILITIES |
0.84 |
times |
6.02 |
times |
5.81 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
- |
% |
- |
% |
|
FOREIGN CURRENCY ON LIABILITIES |
- |
% |
- |
% |
- |
% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.27 |
|
UK Pound |
1 |
Rs.73.34 |
|
Euro |
1 |
Rs.64.58 |
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 |
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 |
|
---- |
NB |
New Business |
---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.