MIRA INFORM REPORT
|
Report Date : |
07.12.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
GRANOLAB DO BRASIL SA TECNOLOGIA PARA A
INDÚSTRIA ALIMENTÍCIA |
|
|
|
|
Registered Office : |
Rua João Kalinowski, 105 - Cidade Industrial, Zip- Code 81350-250 - Curitiba/Pr |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.10.2011 |
|
|
|
|
Date of Incorporation : |
04.08.2004 |
|
|
|
|
Legal Form : |
Privately Held Corporation |
|
|
|
|
Line of Business : |
Import, Export, Commercial Representation and Sale of Products, Machines, Equipments and Accessories for the Food Industry. |
|
|
|
|
No. of Employees
: |
58 Persons |
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 : |
No Complaints |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Brazil |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
GRANOLAB DO BRASIL
S/A TECNOLOGIA PARA A INDÚSTRIA ALIMENTÍCIA
company ADDRESSES
|
MAIN ADDRESS: |
RUA JOÃO KALINOWSKI, 105 - CIDADE INDUSTRIAL |
|
ZIP CODE/CITY: |
81350-250 - CURITIBA/PR |
|
|
|
|
PHONE: |
41 3027-7722 |
|
FAX: |
41 3027-4400 |
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E-MAIL: |
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|
WEB SITE: |
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BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA JOÃO SOBRINHO, 185 - CIDADE INDUSTRIAL |
|
ZIP CODE/CITY: |
81460-085 CURITIBA/PR |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
IMPORT, EXPORT, COMMERCIAL REPRESENTATION AND SALE OF PRODUCTS,
MACHINES, EQUIPAMENTS AND ACCESSORIES FOR THE FOOD INDUSTRY. |
|
LEGAL FORM: |
PRIVATELY
HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
04/08/2004 |
|
REGISTER DATE: |
04/08/2004 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
06.895.723/0001-82 |
|
STATE REGISTER: |
903.22149-64 |
|
|
|
|
SHARE CAPITAL: |
R$ 3.000.000,00 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
EDUARDO JOSE NICOLAU FELIZ |
DIRECTOR |
|
CASSIO BENGHI VENTURELLI |
DIRECTOR |
AUTHORIZED USE OF SIGNATURE
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
EDUARDO JOSE NICOLAU FELIZ |
18,75% |
|
CASSIO BENGHI VENTURELLI |
17,90% |
|
MASTERPIECE ADM E PARTICIPAÇÕES LTDA |
17,84% |
|
BEMAR AGROPECUARIA |
10,23% |
|
MARIO VENTURELLI |
0,05% |
|
G. G. K. ADMINISTRAÇÃO E PRATICIPAÇÃO |
10,23% |
|
POCARI FINANCING CORP. |
25,00% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
GRANOTEC DO BRASIL S/A BIOTECN E INGRED. ALIMENTÍCIOS |
|
|
JAMIL ADMINISTRADORA DE BENS LTDA |
|
|
MASTERPIECE - ADMINISTRACAO E PARTICIPACAO LTDA. |
|
|
BIODYNAMICS SOLUCOES AMBIENTAIS - SOCIEDADE LTDA |
|
|
OVERLAND SOCIEDADE LIMITADA ME |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON AUGUST 04, 2004 FROM THE PARTIAL
SPLITTING OF GRANOTEC DO BRASIL TO BE ENGAGED IN THE SAID LINE OF BUSINESS. TRADE NAME: GRANOLAB. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 31/10/2011, 31/12/2010 AND 31/12/2009. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/10/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
CASH AND BANKS |
437.266,98 |
176.182,00 |
596.755,00 |
|
CLIENTS |
3.747.890,81 |
2.748.217,00 |
2.433.719,00 |
|
INVENTORY |
2.853.462,37 |
4.270.693,00 |
3.175.368,0 |
|
ADVANCE TO EMPLOYEES |
19.840,00 |
|
|
|
OTHER ADVANCES |
91.388,51 |
172.010,00 |
129.460,00 |
|
GRANTED LOANS |
40.537,81 |
|
|
|
TAX CREDITS |
133.363,28 |
131.261,00 |
83.340,00 |
|
PRE PAID EXPENSES |
23.971,51 |
9.157,00 |
8.987,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
7.347.721,27 |
7.507.520,00 |
6.427.629,00 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
RECOVERABLE TAXES |
1.072,96 |
3.512,00 |
9.062,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
1.072,96 |
3.512,00 |
9.062,00 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
1.471.820,71 |
1.348.753,00 |
1.362.572,00 |
|
INTANGIBLE |
10.505,47 |
15.731,00 |
22.001,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
1.482.326,18 |
1.364.484,00 |
1.384.573,00 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
8.831.120,41 |
8.875.516,00 |
7.821.264,00 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/10/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
SUPPLIERS |
1.134.109,92 |
518.229,00 |
1.325.624,00 |
|
SOCIAL / LABOR OBLIGATIONS |
576.541,74 |
299.541,00 |
94.320,00 |
|
TRIBUTARY OBLIGATIONS |
410.853,68 |
116.220,00 |
54.418,00 |
|
ADVANCE FROM CLIENTS |
|
29.107,00 |
169.678,00 |
|
OTHER DEBTS |
2.029.945,65 |
166.803,00 |
53.313,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
4.151.450,99 |
1.129.900,00 |
1.697.353,00 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
TRIBUTARY OBLIGATIONS |
58.293,00 |
63.231,00 |
82.996,00 |
|
RELATED COMPANIES |
|
3.230.093,00 |
1.222.364,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
58.293,00 |
3.293.324,00 |
1.305.360,00 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
3.000.000,00 |
3.000.000,00 |
3.000.000,00 |
|
PROFIT RESERVES |
1.353.100,33 |
1.452.292,00 |
1.818.551,00 |
|
RESERVES |
268.276,09 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
4.621.376,42 |
4.452.292,00 |
4.818.551,00 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
8.831.120,41 |
8.875.516,00 |
7.821.264,00 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/10/2011, 31/12/2010 AND 31/12/2009. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/10/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
GROSS SALES |
22.657.686,14 |
24.684.664,00 |
21.227.471,00 |
|
(-) TAXES ON SALES |
5.002.491,34 |
5.377.829,00 |
4.977.554,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
17.655.194,80 |
19.306.835,00 |
16.249.917,00 |
|
(-) COST OF SOLD GOODS |
12.710.575,87 |
14.691.916,00 |
11.655.616,00 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
4.944.618,93 |
4.614.919,00 |
4.594.301,00 |
|
OPERATING REVENUE (EXPENSE) |
-5.385.302,21 |
-4.917.991,00 |
-4.005.242,00 |
|
FINANCIAL REVENUE(EXPENSE) |
688.456,91 |
-77.753,00 |
-34.366,00 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
247.773,63 |
-380.825,00 |
554.693,00 |
|
CONTRIBUTION/INCOME TAX |
-71.751,46 |
|
-229.031,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
176.022,17 |
-380.825,00 |
325.662,00 |
|
RATIOS: |
31/10/2011 |
31/12/2010 |
31/12/2009 |
|
QUICK RATIO |
1,08 |
|
2,86 |
|
1,92 |
|
|
CURRENT RATIO |
1,77 |
|
6,64 |
|
3,79 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
4,71 |
TIMES |
7,03 |
TIMES |
6,68 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
63,68 |
DAYS |
51,24 |
DAYS |
53,92 |
DAYS |
|
INVENTORY TURNOVER |
4,45 |
TIMES |
3,44 |
TIMES |
3,67 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
26,77 |
DAYS |
12,70 |
DAYS |
40,94 |
DAYS |
|
RETURN ON ASSETS |
2,00 |
TIMES |
2,18 |
TIMES |
2,08 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
3,82 |
TIMES |
4,34 |
TIMES |
3,37 |
TIMES |
|
NET WORTH TIE-UP |
,32 |
|
,30 |
|
,28 |
|
|
INDEBTEDNESS |
,91 |
|
,99 |
|
,62 |
|
|
EQUITY RATIO |
52,33 |
% |
50,16 |
% |
61,61 |
% |
|
WORKING CAPITAL RATIO |
76,99 |
% |
564,44 |
% |
278,69 |
% |
|
GENERAL SOLVENCY |
2,10 |
|
2,01 |
|
2,60 |
|
|
RETURN ON NET EQUITY |
3,81 |
% |
-8,55 |
% |
6,76 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
1,00 |
% |
-1,97 |
% |
2,00 |
% |
|
GROSS PROFIT MARGIN |
28,01 |
% |
23,90 |
% |
28,27 |
% |
|
OPERATIONAL RESULT |
1,40 |
% |
-1,97 |
% |
3,41 |
% |
|
SALES TURNOVER ON LIABILITIES |
4,25 |
TIMES |
17,09 |
TIMES |
9,57 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,78 |
- OFFICIAL RATE ON 05/12/2011 |
|
US$ 1,00 = R$ 1,68 |
- OFFICIAL RATE ON 31/10/2011 |
|
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 SATISFACTORY FINANCIAL STANDING.
THE LEVEL OF INDEBTEDNESS WAS SLIGHGLY HIGH BUT IT HAD HIGH LIQUIDITY RATIOS
AND GOOD WORKING CAPITAL, CONSIDERED SUFFICIENT TO COVER THE SHORT TERM
DEBTS. SALES GREW BUT THE HIGH OPERATING EXPENSES DROVE THE COMPANY TO MAKE
LOSS. THE INTERIM FIGURES FOR OCTOBER 2011 STILL SHOW A SLIGHLY HIGH LEVEL
OF INDEBTEDNESS BUT IT STILL SHOWS GOOD CURRENT RATIO. IT ALSO SHOWS GROWING
SALES TREND AND POSITIVE RESULT. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 38.551,54
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 1.210.941,29
INSURANCE
NOT AVAILABLE.
BANKING REFERENCES
|
|
BRANCH/PHONE: |
|
|
BANCO DO BRASIL S/A |
3406-1 / 41 2117-7852 |
|
|
BANCO BRADESCO S/A |
3645-5 / 41 3026-9777 |
|
|
REMARKS: * NOTE: 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: DECEMBER 05, 2011. |
ACTIVITIES COMMENTS
|
SUBJECT IS ENGAGED IN THE IMPORT, EXPORT, COMMERCIAL REPRESENTATION
AND SALE OF PRODUCTS, MACHINES, EQUIPAMENTS AND ACCESSORIES FOR THE FOOD
INDUSTRY, ESPECIALLY IN THE FIELD OF WHEAT MILLING, PASTA, BAKERY AND
CONFECTIONERY. MAIN PRODUCTS: WHEAT GLUTEN, ENZYMES FOR BAKERY, ENZYMES FOR BISCUITS, EMULSIFIERS,
WHEAT WHITENERS, OXIDANT AND REDUCERS, ASCORBIC ACID, CHEMICAL FERMENTS,
VITAMINS, ETC. IMPORT AND TECHNICAL ASSISTANCE OF LABORATORY EQUIPMENTS. LABORATORY FOR WHEAT AND FLOUR ANALYSIS, DEVELOPMENT AND TECHNOLOGY. |
|
IMPORT AND
EXPORT: |
IMPORTS
FROM:
|
NOT AVAILABLE. |
EXPORTS
TO:
|
NOT AVAILABLE |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
NÃO INFORMADO. |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 58 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 2004. SO
FAR IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOUR. IT IS A
FAMILY-RUN COMPANY AND BOTH THE COMPANY AND THE PRINCIPALS ENJOY A FAVORABLE REPUTATION
AMONG LOCAL TRADE SOURCES. 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: |
|
NOVOZYMES |
ARAUCARIA/PR |
41 3641-1000 |
|
PAYMENT HISTORY: |
|
07 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 21.437,00 |
|
|
|
AMOUNT OF INVOICES PAID: 18 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
TOTAL OF DELAYED PAYMENTS: 0% |
|
|
|
HIGHEST INVOICE: R$ 4.858,00 |
|
HIGHEST CREDIT: R$ 4.858,00 |
FINAL OPINION
|
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. |
|
GRANOLAB DO BRASIL S/A TECNOLOGIA
PARA A INDÚSTRIA ALIMENTÍCIA |
|
|
|
|
|
|
|
BALANCE SHEET ANALYSIS |
FIGURES ARE IN REAIS |
|
|
|
|
|
|
|
31-10-11 |
|
31-12-10 |
|
31-12-09 |
|
|
ASSETS |
|
% |
|
% |
|
% |
|
Current
Assets |
83.20 |
$ 7,507,520 |
84.59 |
$
6,427,629 |
82.18 |
|
|
Fixed
Assets |
$ 1,482,326 |
16.79 |
$ 1,364,484 |
15.37 |
$
1,384,573 |
17.70 |
|
TOTAL
ASSETS |
$ 8,831,120 |
100.00 |
$ 8,875,516 |
100.00 |
$
7,821,264 |
100.00 |
|
LIABILITIES |
|
|
|
|
|
|
|
Current
Liabilities |
$ 4,151,451 |
47.01 |
$ 1,129,900 |
12.73 |
$
1,697,353 |
21.70 |
|
Long-Term
Liabilities |
$ 58,293 |
0.66 |
$ 3,293,324 |
37.11 |
$
1,305,360 |
16.69 |
|
TOTAL
LIABILITIES |
$ 4,209,744 |
47.67 |
$ 4,423,224 |
49.84 |
$
3,002,713 |
38.39 |
|
Deferred
Income |
$ - |
0.00 |
$ - |
0.00 |
$ - |
0.00 |
|
Net
Equity |
$ 4,621,376 |
52.33 |
$ 4,452,292 |
50.16 |
$
4,818,551 |
61.61 |
|
TOTAL
LIABILITIES + NET EQUITY |
$ 8,831,120 |
100.00 |
$ 8,875,516 |
100.00 |
$
7,821,264 |
100.00 |
|
PROFIT
AND LOSS ACCOUNTS |
|
|
|
|
|
|
|
Net
Sales |
$
17,655,195 |
100.00 |
$
19,306,835 |
100.00 |
$
16,249,917 |
100.00 |
|
Costs |
$
12,710,576 |
71.99 |
$
14,691,916 |
76.10 |
$
11,655,616 |
71.73 |
|
Gross
Profit |
$ 4,944,619 |
28.01 |
$ 4,614,919 |
23.90 |
$
4,594,301 |
28.27 |
|
Operating
expenses |
$
(5,385,302) |
-30.50 |
$
(4,917,991) |
-25.47 |
$
(4,005,242) |
-24.65 |
|
operational
Result |
$ 247,774 |
1.40 |
$
(380,825) |
-1.97 |
$
554,693 |
3.41 |
|
Net
Profit (loss) |
$ 176,022 |
1.00 |
$ (380,825) |
-1.97 |
$
325,662 |
2.00 |
|
COMPLEMENTARY
DATA |
|
|
|
|
|
|
|
Inventory |
$ 2,853,462 |
|
$ 4,270,693 |
|
$
3,175,368 |
|
|
Accounts
receivable |
$ 3,747,891 |
|
$ 2,748,217 |
|
$
2,433,719 |
|
|
Accounts
Payable |
$ 1,134,110 |
|
$ 518,229 |
|
$
1,325,624 |
|
|
Property,
plant and equipment |
$ 1,471,821 |
|
$ 1,348,753 |
|
$
1,362,572 |
|
|
Purchases |
$ 1,482,326 |
|
$ 1,364,484 |
|
$
1,384,573 |
|
|
Financial
Expenses |
$ 688,457 |
|
$ (77,753) |
|
$ (34,366) |
|
|
Foreign
Currency Assets |
|
|
|
|
|
|
|
Foreign
Currency Liabilities |
|
|
|
|
|
|
|
Working
Capital |
$ 3,196,270 |
|
$ 6,377,620 |
|
$
4,730,276 |
|
|
RATIOS: |
|
|
|
|
|
|
|
QUICK
RATIO |
1.08 |
|
2.86 |
|
1.92 |
|
|
CURRENT
RATIO |
1.77 |
|
6.64 |
|
3.79 |
|
|
ACCOUNTS
RECEIVABLE TURNOVER |
4.71 |
times |
7.03 |
times |
6.68 |
times |
|
DAYS'
SALES IN RECEIVABLES |
63.68 |
days |
51.24 |
days |
53.92 |
days |
|
INVENTORY
TURNOVER |
4.45 |
times |
3.44 |
times |
3.67 |
times |
|
26.77 |
days |
12.70 |
days |
40.94 |
days |
|
|
RETURN
ON ASSETS |
2.00 |
times |
2.18 |
times |
2.08 |
times |
|
SALES
TURNOVER ON NET EQUIY |
3.82 |
times |
4.34 |
times |
3.37 |
times |
|
NET
WORTH TIE-UP |
0.32 |
|
0.30 |
|
0.28 |
|
|
ENDEBTEDNESS |
0.91 |
|
0.99 |
|
0.62 |
|
|
EQUITY
RATIO |
52.33 |
% |
50.16 |
% |
61.61 |
% |
|
WORKING
CAPITAL RATIO |
76.99 |
% |
564.44 |
% |
278.69 |
% |
|
GENERAL
SOLVENCY |
2.10 |
|
2.01 |
|
2.60 |
|
|
RETURN
ON NET EQUITY |
3.81 |
% |
(8.55) |
% |
6.76 |
% |
|
RETURN
ON SALES (PROFIT MARGIN) |
1.00 |
% |
(1.97) |
% |
2.00 |
% |
|
GROSS
PROFIT MARGIN |
28.01 |
% |
23.90 |
% |
28.27 |
% |
|
OPERATIONAL
RESULT |
1.40 |
% |
(1.97) |
% |
3.41 |
% |
|
SALES
TURNOVER ON LIABILITIES |
4.25 |
times |
17.09 |
times |
9.57 |
times |
|
FOREIGN
CURRENCY ON ASSETS |
- |
% |
- |
% |
- |
% |
|
FOREIGN
CURRENCY ON LIABILITIES |
- |
% |
- |
% |
- |
% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.39 |
|
UK Pound |
1 |
Rs.80.20 |
|
Euro |
1 |
Rs.68.92 |
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.