MIRA INFORM REPORT
|
Report Date : |
22.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
LABORATÓRIO TEUTO BRASILEIRO SA |
|
|
|
|
Registered Office : |
Loc Vp 7d – Módulo 11, Quadra 13 – Daia, Zip Code 75045-190 - Anápolis/Go |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
25.03.1957 |
|
|
|
|
Legal Form : |
Privately Held Corporation |
|
|
|
|
Line of Business : |
Manufacture of pharmaceuticals |
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 : |
USD 5.000.000,00 |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
No Complaints |
|
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
LABORATÓRIO TEUTO BRASILEIRO S/A
company ADDRESSES
|
MAIN ADDRESS: |
LOC VP 7D – MÓDULO 11, QUADRA 13 - DAIA |
|
ZIP CODE/CITY: |
75045-190 - ANÁPOLIS/GO |
|
|
|
|
PHONE: |
62 3310-2116 |
|
FAX: |
62 3310-2116 |
|
E-MAIL: |
|
|
WEB SITE: |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA EMBAIXADOR MACEDO SOARES,10735 |
|
ZIP CODE/CITY: |
05095-020 SĂO PAULO/SP |
|
CNPJ: |
17.159.229/0008-42 |
|
|
|
|
ADDRESS: |
RUA WILK FERREIRA DE SOUZA,145 |
|
ZIP CODE/CITY: |
70230-477 SĂO JOSÉ DO RIO PRETO/SP |
|
CNPJ: |
17.159.229/0007-61 |
|
|
|
|
ADDRESS: |
RUA ANTONIO LUIZ SOARES,217 |
|
ZIP CODE/CITY: |
51210-050 RECIFE/PE |
|
CNPJ: |
17.159.229/0005-08 |
|
|
|
|
ADDRESS: |
RODOVIA MG-5 - Nş,1020 - IPĘ |
|
ZIP CODE/CITY: |
31950-000 BELO HORIZONTE/MG |
|
CNPJ: |
17.159.229/0006-80 |
|
|
|
|
ADDRESS: |
RUA CONDE DE PORTO ALEGRE,57 - ROCHA |
|
ZIP CODE/CITY: |
20960-110 RIO DE JANEIRO/RJ |
|
CNPJ: |
17.159.229/0003-38 |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF PHARMACEUTICALS. |
|
LEGAL FORM: |
PRIVATELY
HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
25/03/1957 |
|
REGISTER DATE: |
25/03/1957 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
17.159.229/0001-76 |
|
STATE REGISTER: |
10.223003-0 |
|
|
|
|
SHARE CAPITAL: |
R$
128.276.583,18 |
|
LAST REGISTER OF CAPITAL: |
04/02/2011 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
MARCELO LEITE HENRIQUES |
PRESIDENT DIRECTOR |
|
RICARDO CLEMENTE |
FINANCIAL DIRECTOR |
|
OSVALDO SOARES PINTO |
COMMERCIAL DIRECTOR |
|
CARLOS ROBERTO DE ANDRADE |
INDUSTRIAL DIRECTOR |
|
SERGIO ANTONIO SANTAMARIA CASTRO |
DIRECTOR |
AUTHORIZED USE OF SIGNATURE
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
WALTERCI DE MELO |
57,924187% |
|
ÍTALO NOGUEIRA ALVES DE MELO |
0,075747% |
|
PFIZER |
40,000000% |
|
MARCELO LEITE HENRIQUES |
2,000000% |
|
IGOR NOGUEIRA ALVES DE MELO |
0,000018% |
|
FLAVIA MODESTO TELES DE MELO |
0,000016% |
|
PRISCILLA NOGUEIRA ALVES DE MELO |
0,000016% |
|
ANNA ÇIZ TELES DE MELO |
0,000016% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
WI COMUNICAÇĂO LTDA |
|
|
TEUTUR - TEUTO TURISMO LTDA |
|
|
TRANSPORTADORA WORLDPRESS LTDA |
|
|
MELO PARTICIPAÇŐES LTDA |
|
|
EMANAR - PESQUISAS IND., COM., IMP., EXP. E REPR. LTDA |
|
|
ITPA - INSTITUTO TEUTO DE PESQUISAS AVANÇADAS S/S LTDA |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED IN 1947, BY MR. ADOLFO KRUMEIR. AMAZED BY THE BRAZIL'S RESOURCES, INVESTED ALL ITS EFFORTS, WITHOUT
LOSING ITS TIES WITH HIS HOMELAND. THE TIME GOES BY AND THE SUBJECT CHANGES
ITS MANAGEMENT. MR. WALTERCI DE MELO REALIZED THAT TEUTO OWNED A STRONG BRAND AND HE
DECIDED ON TAKING ADVANTAGE OF IT BY INVESTING IN NEW EQUIPMENTS, RENEWING
ITS PRODUCT LINE, IMPROVING THE PACKAGE GIVING MORE AGGRESSIVENESS TO ITS
MANAGEMENT. IN 1992 IT WAS PUT THE LIMESTONE IN ANÁPOLIS AND IN 1993 ITS
HEADQUARTERS WAS OPENED WITH 12.000 SQ MTS OF BUILT-U AREA. THE SUBJECT IS A LEADING COMPANY AND KEEPS OPERATING UP TO DATE WITH A
LEADING POSITION AND HIGH EFFICIENCY LEVEL. ON JUNE 16, 2002 SUBJECT WAS TRANSFORMED INTO STOCK COMPANY AND
ALTERED ITS NAME FROM LABORATÓRIO TEUTO BRASILEIRO LTDA. TO THE PRESENT REGISTERED
ONE. TRADE NAME: "TEUTO". FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. WHEN CONTACTING THE SUBJECT WE INTERVIEWED MRS. JOSY, FINANCIAL
DEPARTMENT, WHO INFORMED THAT WOULD NOT DISCLOSE ANY KIND OF INFORMATION
UNLESS THE INQUIRING PARTY'S NAME WAS DISCLOSED. IF IT IS POSSIBLE TO DISCLOSE THE NAME OF THE INTERESTED SUPPLIER OF
THE SUBJECT, WE MAY RESUME OUR CONTACTS AND TRY TO OBTAIN FURTHER
INFORMATION. THE DATA CONTAINED HEREIN WERE OBTAINED FROM OUTSIDE SOURCES, OUR
DATABASE AND OFFICIAL. NO FURTHER DATA WAS AVAILABLE WITH SEVERAL SOURCES
USUALLY INVESTIGATED. |
|
PUBLIC RECORDS
INFORMATION: |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
3 |
STATE LAWSUITS |
18/02/11 |
2Ş VARA DE BELO HORIZONTE/MG |
|
1 |
MUNICIPAL LAWSUIT |
15/10/10 |
1ş VARA |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 31/12/2010, 31/12/2009 AND 31/12/2008. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
CASH AND BANKS |
4.640.832,00 |
5.176.454,00 |
4.771.740,00 |
|
CLIENTS |
88.005.055,00 |
76.943.835,00 |
56.698.955,00 |
|
INVENTORY |
86.083.711,00 |
45.658.480,00 |
52.974.091,00 |
|
RECOVERABLE TAXES |
7.727.800,00 |
7.301.124,00 |
8.650.746,00 |
|
DEFERRED TAXES |
4.881.576,00 |
1.862.326,00 |
3.371.943,00 |
|
PRE PAID EXPENSES |
270.818,00 |
102.636,00 |
428.231,00 |
|
INTERCOMPANY CREDITS |
|
|
164.232,00 |
|
OTHER CREDITS |
8.057.999,00 |
6.216.127,00 |
7.524.746,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
199.667.791,00 |
143.260.982,00 |
134.584.684,00 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
ACCOUNTS RECEIVABLES |
958.907,00 |
958.907,00 |
472.622,00 |
|
JUDICIAL DEPOSITS |
3.061.518,00 |
3.286.635,00 |
2.079.494,00 |
|
RECOVERABLE TAXES |
8.979.545,00 |
6.510.804,00 |
5.057.341,00 |
|
DEFERRED TAXES |
15.012.177,00 |
17.712.317,00 |
16.860.113,00 |
|
INVESTMENTS |
825.476,00 |
1.085.840,00 |
1.031.581,00 |
|
OTHER CREDITS |
36.865,00 |
154.775,00 |
|
|
PRE PAID EXPENSES |
|
1.354,00 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
28.874.488,00 |
29.710.632,00 |
25.501.151,00 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
165.779.664,00 |
170.423.743,00 |
177.129.582,00 |
|
INTANGIBLE |
715.669,00 |
1.133.866,00 |
1.552.064,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
166.495.333,00 |
171.557.609,00 |
178.681.646,00 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
395.037.612,00 |
344.529.223,00 |
338.767.481,00 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
SUPPLIERS |
29.433.389,00 |
20.043.982,00 |
37.939.320,00 |
|
LOANS AND FINANCING |
69.416.207,00 |
41.604.461,00 |
38.332.665,00 |
|
SOCIAL / LABOR OBLIGATIONS |
13.829.359,00 |
9.556.563,00 |
8.851.031,00 |
|
TRIBUTARY OBLIGATIONS |
4.860.797,00 |
10.770.891,00 |
15.943.059,00 |
|
ADVANCE FROM CLIENTS |
408.080,00 |
341.752,00 |
255.347,00 |
|
DEBT WITH RELATED PARTIES |
|
|
2.589.209,00 |
|
OTHER DEBTS |
8.933.894,00 |
2.522.727,00 |
6.100.060,00 |
|
PROVISIONS |
676.013,00 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
127.557.739,00 |
84.840.376,00 |
110.010.691,00 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
46.278.182,00 |
18.419.523,00 |
5.456.290,00 |
|
TAXES AND CONTRIBUTIONS |
9.787.141,00 |
15.717.493,00 |
28.423.701,00 |
|
DEFERRED TAXES |
22.580.765,00 |
23.769.796,00 |
24.389.411,00 |
|
ACCOUNTS PAYABLE |
|
1.818.416,00 |
2.915.818,00 |
|
PROVISION FOR CONTINGENCIES |
1.355.316,00 |
539.137,00 |
1.533.765,00 |
|
LABOR OBLIGATIONS |
1.138.151,00 |
1.540.571,00 |
455.027,00 |
|
RELATED COMPANIES |
|
16.042.674,00 |
9.448.829,00 |
|
OTHER |
521.774,00 |
13.686,00 |
938.426,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
81.661.329,00 |
77.861.296,00 |
73.561.267,00 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
68.808.168,00 |
54.655.555,00 |
54.655.555,00 |
|
REVALUATION RESERVES |
43.833.249,00 |
57.221.044,00 |
59.363.546,00 |
|
LEGAL RESERVES |
781.850,00 |
2.166.452,00 |
981.162,00 |
|
RESERVES/TAX INCENTIVES |
67.691.842,00 |
31.618.509,00 |
16.015.430,00 |
|
SUBVENTION RESERVES |
2.675.395,00 |
24.179.830,00 |
24.179.830,00 |
|
CAPITAL RESERVES |
|
11.986.161,00 |
|
|
PROFIT RESERVES |
2.028.040,00 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
185.818.544,00 |
181.827.551,00 |
155.195.523,00 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
395.037.612,00 |
344.529.223,00 |
338.767.481,00 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2010, 31/12/2009 AND 31/12/2008. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
GROSS SALES |
324.891.566,00 |
300.872.362,00 |
256.070.814,00 |
|
(-) TAXES ON SALES |
50.489.909,00 |
48.151.058,00 |
34.281.315,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
274.401.657,00 |
252.721.304,00 |
221.789.499,00 |
|
(-) COST OF SOLD GOODS |
170.994.061,00 |
172.116.773,00 |
145.588.259,00 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
103.407.596,00 |
80.604.531,00 |
76.201.240,00 |
|
OPERATING REVENUE (EXPENSE) |
-70.027.427,00 |
-29.630.519,00 |
-59.814.759,00 |
|
FINANCIAL REVENUE(EXPENSE) |
-21.798.536,00 |
-9.860.487,00 |
15.899.203,00 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
11.581.633,00 |
41.113.525,00 |
32.285.684,00 |
|
NON-OPERATING RESULT |
|
|
-19.097.276,00 |
|
CONTRIBUTION/INCOME TAX |
4.055.364,00 |
-496.746,00 |
6.434.838,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
15.636.997,00 |
40.616.779,00 |
19.623.246,00 |
|
RATIOS: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
QUICK RATIO |
,89 |
|
1,15 |
|
,74 |
|
|
CURRENT RATIO |
1,57 |
|
1,69 |
|
1,22 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
3,12 |
TIMES |
3,28 |
TIMES |
3,91 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
115,46 |
DAYS |
109,61 |
DAYS |
92,03 |
DAYS |
|
INVENTORY TURNOVER |
1,99 |
TIMES |
3,77 |
TIMES |
2,75 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
61,97 |
DAYS |
41,92 |
DAYS |
93,81 |
DAYS |
|
RETURN ON ASSETS |
,69 |
TIMES |
,73 |
TIMES |
,65 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
1,48 |
TIMES |
1,39 |
TIMES |
1,43 |
TIMES |
|
NET WORTH TIE-UP |
,89 |
|
,94 |
|
1,14 |
|
|
INDEBTEDNESS |
1,13 |
|
,89 |
|
1,18 |
|
|
EQUITY RATIO |
47,04 |
% |
52,78 |
% |
45,81 |
% |
|
WORKING CAPITAL RATIO |
56,53 |
% |
68,86 |
% |
22,34 |
% |
|
GENERAL SOLVENCY |
1,89 |
|
2,12 |
|
1,85 |
|
|
RETURN ON NET EQUITY |
8,42 |
% |
22,34 |
% |
12,64 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
5,70 |
% |
16,07 |
% |
8,85 |
% |
|
GROSS PROFIT MARGIN |
37,68 |
% |
31,89 |
% |
34,36 |
% |
|
OPERATIONAL RESULT |
4,22 |
% |
16,27 |
% |
14,56 |
% |
|
SALES TURNOVER ON LIABILITIES |
2,15 |
TIMES |
2,98 |
TIMES |
2,02 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,78 |
- OFFICIAL RATE ON 20/10/2011 |
|
US$ 1,00 = R$ 1,66 |
- OFFICIAL RATE ON 31/12/2010 |
|
US$ 1,00 = R$ 1,74 |
- OFFICIAL RATE ON 31/12/2009 |
|
US$ 1,00 = R$ 2,33 |
- OFFICIAL RATE ON 31/12/2008 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING. THE LEVEL
OF INDEBTEDNESS IS SOMEHOW HIGH BUT IT HAS GOOD CURRENT RATIO AND POSITIVE
WORKING CAPITAL, CONSIDERED SUFFICIENTT TO COVER THE SHORT TERM DEBTS. IN
ADDITION, IT SHOWS GROWING SALES AND PROFITABILITY. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 103.249.197,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 1.201.600,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 25.492.900,90
INSURANCE
NOT AVAILABLE.
BANKING REFERENCES
|
|
BRANCH/PHONE: |
|
|
BANCO DO BRASIL S/A |
62 3216-5474 |
|
|
HSBC BANK BRASIL S/A BANCO MÚLTIPLO |
62 3311-1177 |
|
|
BANCO SAFRA S/A |
62 3235-4405 |
|
|
BANCO ITAÚ S/A |
62 3215-5466 |
|
|
BANCO SANTANDER (BRASIL) S/A |
62 3311-2244 |
|
|
BANCO SANTANDER (BRASIL) S/A |
62 3224-3300 |
|
|
BANCO INDUSTRIAL E COMERCIAL S/A - BICBANCO |
62 3224-3157 |
|
|
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
|
SUBJECT IS ENGAGED IN THE MANUFACTURE OF PHARMACEUTICALS THE SUBJECT HAS A HIGH CONTROL OF QUALITY. BEFORE ENTERING THE
PRODUCTION THE RAW MATERIALS IMPORTED FROM EUROPE ARE CHECKED AND STAY UNDER
OBSERVATION FOR 40 DAYS UNTIL THEY ARE ANALYZED BY THE TECHNICIANS, AFTER
THAT THEY ARE SENT TO THE PRODUCTION. EACH MEDICINE HAS DIFFERENT PROCEEDING. THE PILLS FOR INSTANCE HAVE
EVALUATION EACH 30 MINUTES. THE SUBJECT BROUGHT FROM EUROPE EQUIPMENTS SUITABLE TO CONTROL THE
TEMPERATURE AND THE HUMIDITY OF ITS AREAS. TEUTO IS DIVIDED INTO SEVEN SECTORS: SOLIDS, SEMI-SOLIDS, LIQUID
ORALS, INJECTION, ANTIBIOTICS, QUALITY CONTROL AND PHARMACY AND TECHNICAL
DEVELOPMENT. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
UNITED STATES, INDIA, SWITZERLAND, GERMANY AND ITALY. |
EXPORTS TO:
|
ANGOLA, ECUADOR, DOMINICAN REPUBLIC, MOZAMBIQUE AND IVORY COAST. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
PHONE: |
|
COMERCIAL BRUNELLI LTDA |
|
27 3521-2215 |
|
DIMEBEL DIST. MED. BEVILACOUA LTDA |
|
45 3224-2333 |
|
DISTRIBUIDORA FARM. PANARELLO LTDA. |
|
62 3257-7000 |
|
GAUCHAFARMA MEDICAMENTOS LTDA. |
|
51 3338-1566 |
|
IMP. E EXP. IRMĂOS TAKEDA LTDA |
|
92 3622-3535 |
|
INTERMED FARMACĘUTICA LTDA |
|
32 3215-6973 |
|
MARTINS COM. IMP. EXP. LTDA |
|
34 3218-1073 |
|
NORTE SUL MEDICAMENTOS LTDA |
|
62 3317-1888 |
|
PRESTOFARMA COML. IMP. E EXP. LTDA |
|
11 6110-9211 |
|
SAMALINS COM. REPRE. LTDA |
|
14 3522-5688 |
|
SB COMÉRCIO LTDA |
|
92 3643-3535 |
|
TAKEDA LTDA |
|
92 3622-3535 |
|
WW DIST. MEDIC. LTDA |
|
61 3399-8686 |
|
STAFF: |
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THE COMPANY HAS: 2000 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
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THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY OPERATING SINCE 1957.
IT HAS A HIGH SCALE OF ACTIVITIES, CLEAR TRADE HISTORY AND AN EXCELLENT
REPUTATION. 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. ALL OF THE SUPPLIERS, WHICH PROVIDED INFORMATION REPORTED PROMPT
PAYMENTS, IT MAY BE NOTED SUBJECT HAS VERY GOOD TRADE BEHAVIOUR. 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.
USUALLY THIS KIND OF SUITS DO NOT AFFECT THE COMPANY REPUTATION BUT IN THE
SUBJECT SPECIFIC CASE IT IS NOT POSSIBLE TO EVALUATE AS THERE ARE SEVERAL
SUITS REGISTERED AND NO DETAILS REGARDING THE AMOUNTS INVOLVED ARE AVAILABLE
FOR PUBLIC INSPECTION. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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PHONE: |
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ALLPLAS LTDA |
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11 4613-1000 |
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CARTOGRAFIA FENIX LTDA |
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31 3361-6199 |
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CARTONAGEM ANAPOLINA LTDA. |
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62 3316-1033 |
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COLORCON DO BRASIL LTDA. |
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11 4612-4262 |
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COMPANHIA IND. DE VIDROS |
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11 3168-6766 |
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ISP - INTERNACIONAL SPECIALITY PRODUCTS. |
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11 3649-0452 |
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PAYMENT HISTORY: |
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24 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 600.431,00 |
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AMOUNT OF INVOICES PAID: 205 |
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TOTAL OF PROMPT PAYMENTS: 98,4% |
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TOTAL OF DELAYED PAYMENTS: 1,6% |
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HIGHEST INVOICE: R$ 28.303,00 |
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HIGHEST CREDIT: R$ 28.303,00 |
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OUTSTANDING INVOICES DUE WITHIN THE NEXT 60 DAYS: |
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--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
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DUE WITHIN 30 DAYS |
5 |
10 |
R$ 18.671,82 |
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DUE WITHIN 60 DAYS |
1 |
3 |
R$ 3.438,00 |
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ALL |
5 |
13 |
R$ 22.109,82 |
FINAL OPINION
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. UP TO DATE IT HAS CLEAR TRADE HISTORY AND GOOD PAYMENT RECORD. 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 USD 5.000.000,00 MAY BE CONSIDERED. |
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BALANCE
SHEET ANALYSIS |
FIGURES
ARE IN REAIS |
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31-12-10 |
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31-12-09 |
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31-12-08 |
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ASSETS |
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% |
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% |
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% |
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Current Assets |
50.54 |
$ 143,260,982 |
41.58 |
$ 134,584,684 |
39.73 |
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Fixed Assets |
$ 166,495,333 |
42.15 |
$ 171,557,609 |
49.79 |
$ 178,681,646 |
52.74 |
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TOTAL ASSETS |
$ 395,037,612 |
100.00 |
$ 344,529,223 |
100.00 |
$ 338,767,481 |
100.00 |
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LIABILITIES |
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Current Liabilities |
$ 127,557,739 |
32.29 |
$ 84,840,376 |
24.63 |
$ 110,010,691 |
32.47 |
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Long-Term Liabilities |
$ 81,661,329 |
20.67 |
$ 77,861,296 |
22.60 |
$ 73,561,267 |
21.71 |
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TOTAL LIABILITIES |
$ 209,219,068 |
52.96 |
$ 162,701,672 |
47.22 |
$ 183,571,958 |
54.19 |
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Deferred Income |
$ - |
0.00 |
$ - |
0.00 |
$ - |
0.00 |
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Net Equity |
$ 185,818,544 |
47.04 |
$ 181,827,551 |
52.78 |
$ 155,195,523 |
45.81 |
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TOTAL LIABILITIES + NET EQUITY |
$ 395,037,612 |
100.00 |
$ 344,529,223 |
100.00 |
$ 338,767,481 |
100.00 |
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PROFIT AND LOSS ACCOUNTS |
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Net Sales |
$ 274,401,657 |
100.00 |
$ 252,721,304 |
100.00 |
$ 221,789,499 |
100.00 |
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Costs |
$ 170,994,061 |
62.32 |
$ 172,116,773 |
68.11 |
$ 145,588,259 |
65.64 |
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Gross Profit |
$ 103,407,596 |
37.68 |
$ 80,604,531 |
31.89 |
$ 76,201,240 |
34.36 |
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Operating expenses |
$ (70,027,427) |
-25.52 |
$ (29,630,519) |
-11.72 |
$ (59,814,759) |
-26.97 |
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operational Result |
$ 11,581,633 |
4.22 |
$ 41,113,525 |
16.27 |
$ 32,285,684 |
14.56 |
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Net Profit (loss) |
$ 15,636,997 |
5.70 |
$ 40,616,779 |
16.07 |
$ 19,623,246 |
8.85 |
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COMPLEMENTARY DATA |
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Inventory |
$ 86,083,711 |
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$ 45,658,480 |
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$ 52,974,091 |
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Accounts receivable |
$ 88,005,055 |
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$ 76,943,835 |
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$ 56,698,955 |
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Accounts Payable |
$ 29,433,389 |
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$ 20,043,982 |
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$ 37,939,320 |
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Property, plant and equipment |
$ 165,779,664 |
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$ 170,423,743 |
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$ 177,129,582 |
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Purchases |
$ 166,495,333 |
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$ 171,557,609 |
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$ 178,681,646 |
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Financial Expenses |
$ (21,798,536) |
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$ (9,860,487) |
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$ 15,899,203 |
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Foreign Currency Assets |
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Foreign Currency Liabilities |
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Working Capital |
$ 72,110,052 |
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$ 58,420,606 |
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$ 24,573,993 |
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RATIOS: |
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QUICK RATIO |
0.89 |
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1.15 |
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0.74 |
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CURRENT RATIO |
1.57 |
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1.69 |
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1.22 |
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ACCOUNTS RECEIVABLE TURNOVER |
3.12 |
times |
3.28 |
times |
3.91 |
times |
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DAYS' SALES IN RECEIVABLES |
115.46 |
days |
109.61
|
days |
92.03
|
days |
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INVENTORY TURNOVER |
1.99 |
times |
3.77 |
times |
2.75 |
times |
|
61.97
|
days |
41.92 |
days |
93.81
|
days |
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RETURN ON ASSETS |
0.69 |
times |
0.73 |
times |
0.65 |
times |
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SALES TURNOVER ON NET EQUIY |
1.48 |
times |
1.39 |
times |
1.43 |
times |
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NET WORTH TIE-UP |
0.89 |
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0.94 |
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1.14 |
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ENDEBTEDNESS |
1.13 |
|
0.89 |
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1.18 |
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EQUITY RATIO |
47.04 |
% |
52.78 |
% |
45.81 |
% |
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WORKING CAPITAL RATIO |
56.53 |
% |
68.86 |
% |
22.34
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% |
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GENERAL SOLVENCY |
1.89 |
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2.12 |
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1.85 |
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RETURN ON NET EQUITY |
8.42 |
% |
22.34 |
% |
12.64
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% |
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RETURN ON SALES (PROFIT MARGIN) |
5.70 |
% |
16.07 |
% |
8.85 |
% |
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GROSS PROFIT MARGIN |
37.68 |
% |
31.89 |
% |
34.36
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% |
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OPERATIONAL RESULT |
4.22 |
% |
16.27 |
% |
14.56
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% |
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SALES TURNOVER ON LIABILITIES |
2.15 |
times |
2.98 |
times |
2.02 |
times |
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FOREIGN CURRENCY ON ASSETS |
- |
% |
- |
% |
- |
% |
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FOREIGN CURRENCY ON LIABILITIES |
- |
% |
- |
% |
- |
% |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.07 |
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UK Pound |
1 |
Rs.79.16 |
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Euro |
1 |
Rs.69.04 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.