MIRA INFORM REPORT
|
Report Date : |
31.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
LABORATÓRIO GLOBO LTDA. |
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Registered Office : |
Rodovia Mg 424, S/N°. Km 8,8,0 - Zona Rural, 33350-000 - São Jose Da Lapa/Mg |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
18.01.1954 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of pharmaceuticals. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
US$ 1.000.000,00 |
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Status : |
Satisfactory |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Brazil |
a2 |
a2 |
|
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
LABORATÓRIO GLOBO
LTDA.
company ADDRESSES
|
MAIN ADDRESS: |
RODOVIA MG 424, S/N°. KM 8,8,0 - ZONA RURAL |
|
ZIP CODE/CITY: |
33350-000 - SÃO JOSE DA LAPA/MG |
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PHONE: |
31 3623-3500 |
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FAX: |
31 3623-3500 |
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E-MAIL: |
compras@laboratorioglobo.com.br |
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WEB SITE: |
www.laboratorioglobo.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: |
18/01/1954 |
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REGISTER DATE: |
29/01/1954 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
17.115.437/0001-73 |
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STATE REGISTER: |
763.116599.0091 |
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|
|
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SHARE CAPITAL: |
R$ 5.150.000,00 |
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LAST REGISTER OF CAPITAL: |
30/12/2004 |
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BOARD OF DIRECTORS:
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GEOVANE MAURILIO DA SILVA |
MANAGER |
|
PAULO MONTEIRO LOPES FILHO |
MANAGER |
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ADRIANA LACERDA GARCIA |
MANAGER |
|
ANA PAULA |
MANAGER |
AUTHORIZED USE OF SIGNATURE
|
THE MANAGERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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|
|
|
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PAULO MONTEIRO LOPES |
50% |
|
MARIA LINA GARCIA LACERDA |
50% |
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AFFILIATES /
SUBSIDIARIES: |
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GALIA FARMACEUTICA LTDA |
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NACIONAL HOSPITATAR LDA |
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|
AREIAO SANTA LUZIA LTDA ME |
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COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED AND STARTED ITS ACTIVITIES ON JANUARY 18,
1954. SINCE ITS FOUNDATION IN 1954 IT OPERATES IN THE SAME LINE OF BUSINESS AND
OPERATES UNDER THE CONTROL OF THE FOUNDER PARTNERS. THE COMPANY OPERATES WITH THE TRADE NAME LABORATÓRIO GLOBO. IT HAS
GOVERNMENT AUTHORIZATION THROUGH A GOVERNMENT BODY NAMED SUS SISTEMA ÚNICO DE
SAÚDE, ("UNIQUE HEALTHY SISTEM") TO OPERATE AS A PHARMACEUTICAL
LABORATORY. PARTNERS: PAULO MONTEIRO LOPES: BRAZILIAN, MARRIED, ENGAGED IN INDUSTRIAL
ACTIVITIES, RESIDENTIAL ADDRESS AT RUA ALVARENGA PEIXOTO 300, AP. 301, ZIP
CODE 30180-120, BELO HORIZONTE, MG, HOLDER OF DOCUMENTS CPF: 004.527.936-53
AND RG M-1.434.474, SSP/MG; MARIA LINA GARCIA LACERDA: BRAZILIAN, MARRIED, TEACHER, RESIDENTIAL
ADDRESS AT RUA GONÇALVES DIAS 2579, AP. 700, ZIP CODE 30140-092, BELO
HORIZONTE, MG, HOLDER OF DOCUMENTS CPF: 548.950.146-49 AND RG M-3.034.100
SSP/MG; GEOVANE MAURILIO DA SILVA: BRAZILIAN, MARRIED, ADMINISTRATOR,
RESIDENTIAL ADDRESS AT RUA PARACATU, 1328, APTO 601, SANTO AGOSTINHO, ZIP
CODE 30180-091, HOLDER OF DOCUMENTS CPF: 932.510.506-30 AND RG M-4.976.397; PAULO MONTEIRO LOPES FILHO: BRAZILIAN, MARRIED, ADMINISTRATOR,
RESIDENTIAL ADDRESS AT RUA HERCULANO DE FREITAS, 138, APTO 1300, BAIRRO
GUTIERREZ, ZIP CODE 30430-120, HOLDER OF DOCUMENTS CPF: 770.996.806-68 AND RG
M-3.634.575, SSP/MG; ADRIANA LACERDA GARCIA: BRAZILIAN, MARRIED, ECONOMIST, RESIDENTIAL
ADDRESS AT RUA JOÃO EDMUNDO C. BRANT, 466, APTO 801, BAIRRO ITAPOÃ, ZIP CODE
31710-200, HOLDER OF DOCUMENTS CPF: 031.157.386-09 AND RG M-7.155.618 SSP/MG; ANA PAULA CAMPOS MONTEIRO FONSECA: BRAZILIAN, MARRIED, ADMINISTRATOR,
RESIDENTIAL ADDRESS AT RUA THOMAZ GONZAGA, 657, APTO 1001, BAIRRO DE LOURDES,
ZIP CODE 30180-140, HOLDER OF DOCUMENTS CPF: 747.129.856-15 AND RG
M-4.040.115 SSP/MG. 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 31/12/2009, 31/12/2008 AND 31/12/2007. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
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CURRENT: |
31/12/2009 |
31/12/2008 |
31/12/2007 |
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|
|
|
|
|
CASH AND CASH EQUIVALENTS |
5.521.933,09 |
1.823.284,78 |
2.322.143,97 |
|
CLIENTS |
12.909.724,58 |
13.031.645,67 |
8.369.152,90 |
|
INVENTORY |
10.589.301,25 |
11.245.220,04 |
7.868.025,78 |
|
ADVANCE TO SUPPLIERS |
140.203,45 |
434.352,96 |
165.111,59 |
|
OTHER |
|
|
5.376,08 |
|
RECOVERABLE TAXES |
117.101,98 |
117.855,30 |
90.431,06 |
|
LEASING |
|
46.818,00 |
422.965,45 |
|
ADVANCES |
4.889,20 |
1.049,01 |
|
|
|
---------------- |
---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
29.283.153,55 |
26.700.225,76 |
19.243.206,83 |
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LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
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JUDICIAL DEPOSITS |
6.009,01 |
6.009,01 |
6.009,01 |
|
|
---------------- |
---------------- |
---------------- |
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TOTAL LONG-TERM RECEIVABLES |
6.009,01 |
6.009,01 |
6.009,01 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
15.013.467,65 |
13.185.779,42 |
10.882.441,69 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
15.013.467,65 |
13.185.779,42 |
10.882.441,69 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
44.302.630,21 |
39.892.014,19 |
30.131.657,53 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2009 |
31/12/2008 |
31/12/2007 |
|
|
|
|
|
|
SUPPLIERS |
2.136.012,81 |
3.126.268,43 |
961.786,34 |
|
LOANS AND FINANCING |
|
1.580.130,78 |
|
|
SOCIAL OBLIGATIONS |
168.802,24 |
143.215,46 |
130.715,76 |
|
TAX LIABILITIES |
303.797,38 |
484.469,38 |
317.562,23 |
|
LABOR OBLIGATIONS |
438.928,72 |
416.340,83 |
579.167,32 |
|
ADVANCE FROM CLIENTS |
59,32 |
11.112,42 |
58.600,67 |
|
OTHER |
58,59 |
58,59 |
58,59 |
|
PROVISIONS |
377.971,07 |
340.631,64 |
276.268,25 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
3.425.630,13 |
6.102.227,53 |
2.324.159,16 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
FINANCING |
4.472.738,07 |
2.008.750,04 |
4.551.827,55 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
4.472.738,07 |
2.008.750,04 |
4.551.827,55 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
5.150.000,00 |
5.150.000,00 |
5.150.000,00 |
|
REVALUATION RESERVES |
596.328,76 |
596.328,76 |
596.328,76 |
|
ACCRUED PROFIT (LOSS) |
30.657.933,25 |
26.034.707,86 |
17.509.342,06 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
36.404.262,01 |
31.781.036,62 |
23.255.670,82 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
44.302.630,21 |
39.892.014,19 |
30.131.657,53 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2009, 31/12/2008 AND 31/12/2007. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2009 |
31/12/2008 |
31/12/2007 |
|
|
|
|
|
|
GROSS SALES |
48.613.871,69 |
46.618.458,57 |
35.446.119,73 |
|
(-) TAXES ON SALES |
7.223.103,04 |
6.394.717,32 |
4.884.937,85 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
41.390.768,65 |
40.223.741,25 |
30.561.181,88 |
|
(-) COST OF SOLD GOODS |
23.375.762,67 |
19.917.634,58 |
15.942.040,71 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
18.015.005,98 |
20.306.106,67 |
14.619.141,17 |
|
OPERATING REVENUE (EXPENSE) |
-8.607.524,14 |
-8.410.550,45 |
-5.995.209,43 |
|
FINANCIAL REVENUE(EXPENSE) |
-1.115.519,70 |
-719.997,64 |
-1.200.853,38 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
8.291.962,14 |
11.175.558,58 |
7.423.078,36 |
|
NON-OPERATING RESULT |
2.189,40 |
14.800,00 |
|
|
CONTRIBUTION/INCOME TAX |
-1.580.326,15 |
-1.464.992,78 |
-1.120.232,77 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
6.713.825,39 |
9.725.365,80 |
6.302.845,59 |
|
MONTHLY SALES |
|||
|
|
2010 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 4.510.931,67 |
|
|
|
FEBRUARY |
R$ 3.823.839,66 |
|
|
|
MARCH |
R$ 5.925.629,07 |
|
|
|
APRIL |
R$ 4.498.548,89 |
|
|
|
MAY |
R$ 6.485.786,15 |
|
|
|
JUNE |
R$ 5.241.857,59 |
|
|
|
JULY |
|
|
|
|
AUGUST |
|
|
|
|
SEPTEMBER |
|
|
|
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OCTOBER |
|
|
|
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NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$ 30.486.593,03 |
|
|
|
RATIOS: |
31/12/2009 |
31/12/2008 |
31/12/2007 |
|
QUICK RATIO |
5,46 |
|
2,53 |
|
4,89 |
|
|
CURRENT RATIO |
8,55 |
|
4,38 |
|
8,28 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
3,21 |
TIMES |
3,09 |
TIMES |
3,65 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
112,28 |
DAYS |
116,63 |
DAYS |
98,59 |
DAYS |
|
INVENTORY TURNOVER |
2,21 |
TIMES |
1,77 |
TIMES |
2,03 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
32,90 |
DAYS |
56,51 |
DAYS |
21,72 |
DAYS |
|
RETURN ON ASSETS |
,93 |
TIMES |
1,01 |
TIMES |
1,01 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
1,14 |
TIMES |
1,27 |
TIMES |
1,31 |
TIMES |
|
NET WORTH TIE-UP |
,41 |
|
,41 |
|
,47 |
|
|
INDEBTEDNESS |
,22 |
|
,26 |
|
,30 |
|
|
EQUITY RATIO |
82,17 |
% |
79,67 |
% |
77,18 |
% |
|
WORKING CAPITAL RATIO |
754,83 |
% |
337,55 |
% |
727,96 |
% |
|
GENERAL SOLVENCY |
5,61 |
|
4,92 |
|
4,38 |
|
|
RETURN ON NET EQUITY |
18,44 |
% |
30,60 |
% |
27,10 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
16,22 |
% |
24,18 |
% |
20,62 |
% |
|
GROSS PROFIT MARGIN |
43,52 |
% |
50,48 |
% |
47,84 |
% |
|
OPERATIONAL RESULT |
20,03 |
% |
27,78 |
% |
24,29 |
% |
|
SALES TURNOVER ON LIABILITIES |
12,08 |
TIMES |
6,59 |
TIMES |
13,15 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,70 |
- OFFICIAL RATE ON 01/10/2010 |
|
US$ 1,00 = R$ 1,74 |
- OFFICIAL RATE ON 31/12/2009 |
|
US$ 1,00 = R$ 2,33 |
- OFFICIAL RATE ON 31/12/2008 |
|
US$ 1,00 = R$ 1,77 |
- OFFICIAL RATE ON 31/12/2007 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A GOOD FINANCIAL STANDING. IT SHOWS HIGH
LIQUIDITY RATIOS WITH POSITIVE WORKING CAPITAL AMOUNT AND LOW LEVEL OF
INDEBTEDNESS AS WELL AS HIGH GROWING SALES AND PROFITABILITY. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 4.985.092,75
|
DETAIL OF OWNED
REAL ESTATE PARTNER: |
|
TYPE: |
OTHERS |
|
VALUE: |
R$ ,00 |
|
REMARKS: |
THE COMPANY OWNS BUILDINGS VALUED AT R$ 4.912.452,75 AND LANDS VALUED
AT R$ 72.640,00. |
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 1.830.321,71
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 11.867.975,43
INSURANCE
|
INSURANCE COMPANY: |
TOKIO MARINE |
|
COVERAGE: |
FIRE |
|
VALUE: |
R$ 69.000.000,00 |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO DO BRASIL S/A |
31 3299-7900 |
BELO HORIZONTE/MG |
|
BANCO ITAÚ S/A |
31 3249-3655 |
BELO HORIZONTE/MG |
|
BANCO |
31 3269-6887 |
BELO HORIZONTE/MG |
|
BANCO SAFRA S/A |
31 2127-6214 |
BELO HORIZONTE/MG |
|
REMARKS: IN ACCORDING TO THE CENTRAL BANK OF |
ACTIVITIES COMMENTS
|
MANUFACTURE OF MEDICINES FOR HUMAN USAGE. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
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EXPORTS TO:
|
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
|
PHONE: |
|
BONIFIK DISTRIB PRODS FARMACÊUTICOS LTDA |
|
13 3232-9262 |
|
CERVOSUL DISTRUB. DE MEDICAMENTOS LTDA |
|
51 3230-4000 |
|
DISTRIB VIANA GOMES LTDA |
|
75 623-6612 |
|
GALINDO REPRESENTAÇÕES LTDA |
|
81 3343-8999 |
|
J.S. CUNHA |
|
93 523-1958 |
|
MOITA GARCÊS DISTRIB. LTDA |
|
92 663-6436 |
|
MULTIMED DISTRIBUIDORA MED. LTDA |
|
47 3334-1818 |
|
N.J.A SOUZA E CIA LTDA |
|
93 523-1958 |
|
UNIÃO COMERCIAL LTDA |
|
91 276-0434 |
|
UNIGARRA DISTRIBUIDORA MED. PERFUMARIA LTDA |
|
21 3757-8556 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 400 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS AN OLD-ESTABLISHED COMPANY, OPERATING SINCE 1954. SO
FAR IT HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEMS ARE NOTED. THE COMPANY HAS TRADE RELATIONS WITH SEVERAL SUPPLIERS IN MOST OF THE SUPPLIERS, WHICH PROVIDED INFORMATION, REPORTED PROMPT
PAYMENTS, THUS THE SUBJECT HAS GOOD TRADE REPUTATION. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
CARTOGRÁFICA FÊNIX LTDA |
|
31 443-5005 |
|
CIEL - CONFIANÇA IMP. E EXP. LTDA |
|
21 3535-9550 |
|
DINALAB COMÉRCIO IMP. E EXP. LTDA |
|
11 5588-9000 |
|
GENIX INDUSTRIA FARMACEUTICA LTDA |
|
62 3316-2222 |
|
PAULU` |
|
13 3426-5445 |
|
PAULU´S GRAF EMBALAGENS LTDA |
|
13 3426-5445 |
|
VALDEQUIMICA PRODUTOS QUÍMICOS LTDA |
|
11 3721-1077 |
|
|
|
11 4351-4433 |
|
FOREIGN
SUPPLIERS: |
|
PHONE: |
|
AARTHI DRUGS LTD |
|
24019025 |
|
ALLPHARMA RESEARCH S.L. |
|
|
|
CHEMPHAR |
|
|
|
ERWEKA GMBH |
|
(06104) 6903-0 |
|
FARMABIOS SPA |
|
|
|
FERSINSA GIST-BROCADES S.A DE C.V |
|
|
|
HOMESTEAD INTERNACIONAL COMPANY CO |
BRITISH VIRGIN ISLAN |
|
|
IMPEX QUIMICA |
|
|
|
MEDILON E CO N.V |
|
|
|
MEDIPHARM LTD A.S |
|
|
|
SELECTCHEMIE AG |
|
41(0) 14879611 |
|
SUPOR PHARMACEUTICALS CO. LTD. |
|
|
|
PAYMENT HISTORY: |
|
33 SUPPLIERS REPORTED PAYMENTS: |
|
AMOUNT OF INVOICES PAID: 459 |
|
TOTAL OF PROMPT PAYMENTS: 99% |
|
TOTAL OF DELAYED PAYMENTS: 1% |
|
|
|
HIGHEST INVOICE: R$ 106.272,00 |
|
HIGHEST CREDIT: R$ 141.797,00 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. UP TO DATE IT HAS A GOOD 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. AN INITIAL CREDIT LIMIT OF US$ 1.000.000,00 MAY BE CONSIDERED. |
|
|
|
|
|
|
|
|
|
BALANCE SHEET ANALYSIS |
FIGURES ARE IN REAIS |
|
|
|
|
|
|
|
31-12-09 |
|
31-12-08 |
|
31-12-07 |
|
|
ASSETS |
|
% |
|
% |
|
% |
|
Current Assets |
66.10 |
$
26,700,226 |
66.93 |
$
19,243,207 |
63.86 |
|
|
Fixed Assets |
$
15,013,468 |
33.89 |
$
13,185,779 |
33.05 |
$
10,882,442 |
36.12 |
|
TOTAL ASSETS |
$
44,302,630 |
100.00 |
$
39,892,014 |
100.00 |
$
30,131,658 |
100.00 |
|
LIABILITIES |
|
|
|
|
|
|
|
Current Liabilities |
$ 3,425,630 |
7.73 |
$ 6,102,228 |
15.30 |
$
2,324,159 |
7.71 |
|
Long-Term Liabilities |
$ 4,472,738 |
10.10 |
$ 2,008,750 |
5.04 |
$
4,551,828 |
15.11 |
|
TOTAL LIABILITIES |
$ 7,898,368 |
17.83 |
$ 8,110,978 |
20.33 |
$
6,875,987 |
22.82 |
|
Deferred Income |
$ - |
0.00 |
$
- |
0.00 |
$ - |
0.00 |
|
Net Equity |
$
36,404,262 |
82.17 |
$
31,781,037 |
79.67 |
$
23,255,671 |
77.18 |
|
TOTAL LIABILITIES + NET EQUITY |
$
44,302,630 |
100.00 |
$
39,892,014 |
100.00 |
$
30,131,658 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
|
|
|
Net Sales |
$
41,390,769 |
100.00 |
$
40,223,741 |
100.00 |
$
30,561,182 |
100.00 |
|
Costs |
$
23,375,763 |
56.48 |
$
19,917,635 |
49.52 |
$
15,942,041 |
52.16 |
|
Gross Profit |
$
18,015,006 |
43.52 |
$
20,306,107 |
50.48 |
$
14,619,141 |
47.84 |
|
Operating expenses |
$ (8,607,524) |
-20.80 |
$
(8,410,550) |
-20.91 |
$
(5,995,209) |
-19.62 |
|
operational Result |
$ 8,291,962 |
20.03 |
$
11,175,559 |
27.78 |
$
7,423,078 |
24.29 |
|
Net Profit (loss) |
$ 6,713,825 |
16.22 |
$ 9,725,366 |
24.18 |
$
6,302,846 |
20.62 |
|
COMPLEMENTARY DATA |
|
|
|
|
|
|
|
Inventory |
$
10,589,301 |
|
$
11,245,220 |
|
$
7,868,026 |
|
|
Accounts receivable |
$
12,909,725 |
|
$
13,031,646 |
|
$
8,369,153 |
|
|
Accounts Payable |
$ 2,136,013 |
|
$ 3,126,268 |
|
$
961,786 |
|
|
Property, plant and equipment |
$
15,013,468 |
|
$
13,185,779 |
|
$
10,882,442 |
|
|
Purchases |
$
15,013,468 |
|
$
13,185,779 |
|
$
10,882,442 |
|
|
Financial Expenses |
$ (1,115,520) |
|
$ (719,998) |
|
$
(1,200,853) |
|
|
Foreign Currency Assets |
|
|
|
|
|
|
|
Foreign Currency Liabilities |
|
|
|
|
|
|
|
Working Capital |
$
25,857,523 |
|
$
20,597,998 |
|
$
16,919,048 |
|
|
RATIOS: |
|
|
|
|
|
|
|
QUICK RATIO |
5.46 |
|
2.53 |
|
4.89 |
|
|
CURRENT RATIO |
8.55 |
|
4.38 |
|
8.28 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
3.21 |
times |
3.09 |
times |
3.65 |
times |
|
DAYS' SALES IN RECEIVABLES |
112.28 |
days |
116.63 |
days |
98.59 |
days |
|
INVENTORY TURNOVER |
2.21 |
times |
1.77 |
times |
2.03 |
times |
|
32.90 |
days |
56.51 |
days |
21.72 |
days |
|
|
RETURN ON ASSETS |
0.93 |
times |
1.01 |
times |
1.01 |
times |
|
SALES TURNOVER ON NET EQUIY |
1.14 |
times |
1.27 |
times |
1.31 |
times |
|
NET WORTH TIE-UP |
0.41 |
|
0.41 |
|
0.47 |
|
|
ENDEBTEDNESS |
0.22 |
|
0.26 |
|
0.30 |
|
|
EQUITY RATIO |
82.17 |
% |
79.67 |
% |
77.18 |
% |
|
WORKING CAPITAL RATIO |
754.83 |
% |
337.55 |
% |
727.96 |
% |
|
GENERAL SOLVENCY |
5.61 |
|
4.92 |
|
4.38 |
|
|
RETURN ON NET EQUITY |
18.44 |
% |
30.60 |
% |
27.10 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
16.22 |
% |
24.18 |
% |
20.62 |
% |
|
GROSS PROFIT MARGIN |
43.52 |
% |
50.48 |
% |
47.84 |
% |
|
OPERATIONAL RESULT |
20.03 |
% |
27.78 |
% |
24.29 |
% |
|
SALES TURNOVER ON LIABILITIES |
12.08 |
times |
6.59 |
times |
13.15 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
- |
% |
- |
% |
|
FOREIGN CURRENCY ON LIABILITIES |
- |
% |
- |
% |
- |
% |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.10 |
|
|
1 |
Rs.74.27 |
|
Euro |
1 |
Rs.64.35 |
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 |
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.