MIRA INFORM REPORT
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Report Date : |
04.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
PACO INDÚSTRIA METALÚRGICA SA. |
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Registered Office : |
Estrada Rst 453, S/N, Pavilhão A - 1 - Distrito Industrial , Zip Code 95110-690 Caxias Do Sul/Rs |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
02.07.1977 |
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Legal Form : |
Privately Held Corporation |
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Line of Business : |
Activities of management holding companies |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 1.500.000,00 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Exists |
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 |
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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
PACO INDÚSTRIA
METALÚRGICA S/A.
company ADDRESSES
|
MAIN ADDRESS: |
ESTRADA RST 453, S/N, PAVILHÃO A - 1 - DISTRITO INDUSTRIAL |
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ZIP CODE/CITY: |
95110-690 CAXIAS DO SUL/RS |
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PHONE: |
54 2109-6000 |
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FAX: |
54 2109-6414 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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REQUESTED
ADDRESS: |
RODOVIA EDEGAR
LOPES DE FARIAS, BR 262, KM 361 - PAVILHÃO A4 |
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ZIP CODE/CITY: |
79108-547 CAMPO
GRANDE/MS |
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PHONE: |
67 2107-6200 |
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FAX: |
67 2107-6200 |
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CNPJ: |
89.562.748/0004-34 |
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STATE REGISTER: |
28.331.703-5 |
LEGAL DATA
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MAIN ACTIVITIES: |
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ACTIVITIES OF MANAGEMENT HOLDING COMPANIES. |
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LEGAL FORM: |
PRIVATELY
HELD CORPORATION |
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INCORPORATION DATE: |
02/07/1977 |
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REGISTER DATE: |
02/07/1977 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
89.562.748/0001-91 |
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STATE REGISTER: |
029/0425107 |
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SHARE CAPITAL: |
R$ 40.584.360,00 |
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BOARD OF
DIRECTORS: |
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GUSTAVO MIOTTI |
DIRECTOR |
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JANAINA MIOTTI |
DIRECTOR |
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LEONARDO MIOTTI |
DIRECTOR |
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RODRIGO MIOTTI |
DIRECTOR |
|
RICARDO KANITZ DAMASCENO |
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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JANAINA MIOTTI |
21,27% |
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LEONARDO MIOTTI |
21,27% |
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GUSTAVO MIOTTI |
21,27% |
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RODRIGO MIOTTI |
21,27% |
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OTHERS |
14,92% |
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AFFILIATES /
SUBSIDIARIES: |
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SOPRANO ELETROMETALÚRGICA E HIDRÁULICA LTDA. |
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HIDRAULICA LTDA |
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GLOBAL ELETROMETALÚRGICA LTDA. |
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PERTE SERVICOS DE PERSONALIZACAO |
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SSI SISTEMA DE SAUDE INTEGRAL |
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COMPANY'S BACKGROUND
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THE SUBJECT WAS ESTABLISHED ON JULY 02, 1977 AS PACO ADMINISTRAÇÃO E
PARTICIPAÇÕES S/A., TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON MAY 08, 1999
IT ALTERED TO SOPRANO ADMINISTRAÇÃO E PARTICIPAÇÕES S/A. ON MARCH 09, 2006 IT
ADOPTED THE ABOVE-MENTIONED NAME AND UP TO DATE IT IS STILL OPERATING WITHIN
THE GENERAL SCENE REPORTED HEREIN. 1979 - FROM A JOINT VENTURE WITH THE NORTH AMERICAN COMPANY GOULD -
MANUFACTURERS OF ITE CIRCUIT BREAKERS, SOPRANO ABSORBS MANUFACTURE TECHNOLOGY
AND STARTS TO PRODUCE ITS OWN CIRCUIT BREAKERS. ALSO, IN THIS YEAR SOPRANO
ADMINISTRAÇÕES E PARTICIPAÇÕES S.A. ACQUIRED THE SHAREHOLDING CONTROL OF A
NEW COMPANY CALLED CORAL EQUIPAMENTOS HIDRÁULICOS LTDA- A MANUFACTURER OF
HYDRAULIC EQUIPMENTS FOR THE TRUCK INDUSTRY. 1992 - SOPRANO TOOK OVER THE COMPANY CORAL EQUIPAMENTOS HIDRÁULICOS
LTDA AND STRENGTHENED ITS PRESENCE IN THE AUTOMOTIVE MARKET WITH THE
INDUSTRIALIZATION OF CYLINDERS AND HYDRAULIC BOMBS AND OTHER COMPONENTS. 1997 - WITH THE ASCENDING GROWTH OF HOUSEWARE UTILITIES SEGMENT,
SOPRANO STARTED TO COMMERCIALIZE PRODUCT AS PLASTIC MUGS, THERMAL BOTTLES. IN
THIS YEAR SOPRANO RECEIVED ISO 9001 CERTIFICATION. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
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PUBLIC
INFORMATION: |
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LAWSUITS: |
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DATE: |
COURT OF LAW: |
|
1 |
FEDERAL LAWSUIT |
12/01/09 |
VARA DE CAXIAS DO SUL/RS |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 31/12/2010, 31/12/2009 AND 31/12/2008. |
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( FIGURES ARE IN REAIS ). |
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ASSETS |
|
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|
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CURRENT: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
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|
|
|
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CASH AND BANKS |
23.000,00 |
51.379,79 |
603.823,27 |
|
CLIENTS |
911.000,00 |
846.707,97 |
6.609.984,63 |
|
RECOVERABLE TAXES |
295.000,00 |
603.136,01 |
287.843,09 |
|
ADVANCE TO SUPPLIERS |
468.000,00 |
384.212,21 |
4.132.781,82 |
|
INVENTORY |
1.970.000,00 |
2.034.574,37 |
424.150,57 |
|
OTHER |
574.000,00 |
1,86 |
3.007.723,59 |
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|
---------------- |
---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
4.241.000,00 |
3.920.012,21 |
15.066.306,97 |
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LONG-TERM
RECEIVABLES: |
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INTERCOMPANY CREDITS |
7.766.000,00 |
38.062.163,66 |
28.929.741,11 |
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DEFERRED TAXES |
2.568.000,00 |
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|
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---------------- |
---------------- |
---------------- |
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TOTAL LONG-TERM RECEIVABLES |
10.334.000,00 |
38.062.163,66 |
28.929.741,11 |
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FIXED ASSETS: |
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|
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INVESTMENTS |
148.227.000,00 |
71.475.076,93 |
66.926.697,21 |
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FIXED ASSETS |
339.000,00 |
344.066,94 |
338.497,45 |
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---------------- |
---------------- |
---------------- |
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TOTAL FIXED ASSETS |
148.566.000,00 |
71.819.143,87 |
67.265.194,66 |
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================ |
================ |
================ |
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TOTAL ASSETS |
163.141.000,00 |
113.801.319,74 |
111.261.242,74 |
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LIABILITIES: |
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|
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CURRENT: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
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|
|
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SUPPLIERS |
3.562.000,00 |
2.927.050,43 |
3.426.328,34 |
|
SOCIAL OBLIGATIONS |
|
11.693,17 |
56.350,29 |
|
TAX LIABILITIES |
17.000,00 |
12.004,24 |
135.964,97 |
|
OTHER |
6.000,00 |
2.388,23 |
|
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ADVANCE FROM CLIENTS |
|
6.059,83 |
101.509,29 |
|
LOANS AND FINANCING |
|
|
3.961.166,18 |
|
|
---------------- |
---------------- |
---------------- |
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TOTAL CURRENT LIABILITIES |
3.585.000,00 |
2.959.195,90 |
7.681.319,07 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
INTERCOMPANY DEBTS |
2.721.000,00 |
636.715,20 |
959.491,60 |
|
PROVISION FOR CONTINGENCIES |
3.736.000,00 |
|
|
|
|
---------------- |
---------------- |
---------------- |
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TOTAL LONG TERM LIABILITIES |
6.457.000,00 |
636.715,20 |
959.491,60 |
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NET EQUITY: |
|
|
|
|
|
|
|
|
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SHARE CAPITAL |
36.900.000,00 |
36.900.000,00 |
35.020.000,00 |
|
TREASURY SHARES |
-206.000,00 |
|
-1.670.649,40 |
|
RESERVES/TAX INCENTIVES |
|
879,60 |
879,60 |
|
LEGAL RESERVES |
2.633.000,00 |
1.883.802,61 |
1.681.951,61 |
|
PROFIT RESERVES |
68.778.000,00 |
71.420.726,43 |
67.588.250,26 |
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OTHER COMPREHENSIVE INCOME |
59.956.000,00 |
|
|
|
RESERVES FOR INVESTMENTS |
1.143.000,00 |
|
|
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ACCRUED PROFIT (LOSS) |
-16.105.000,00 |
|
|
|
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---------------- |
---------------- |
---------------- |
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TOTAL NET EQUITY |
153.099.000,00 |
110.205.408,64 |
102.620.432,07 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
163.141.000,00 |
113.801.319,74 |
111.261.242,74 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2010, 31/12/2009 AND 31/12/2008. |
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( FIGURES ARE IN REAIS ). |
|
|
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
GROSS SALES |
|
27.617.496,46 |
104.620.607,37 |
|
(-) TAXES ON SALES |
|
6.715.812,94 |
24.053.111,61 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
22.533.000,00 |
20.901.683,52 |
80.567.495,76 |
|
(-) COST OF SOLD GOODS |
23.049.000,00 |
19.872.945,16 |
75.634.843,53 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
-516.000,00 |
1.028.738,36 |
4.932.652,23 |
|
OPERATING REVENUE (EXPENSE) |
15.286.000,00 |
3.653.213,41 |
-8.302.369,52 |
|
FINANCIAL REVENUE(EXPENSE) |
74.000,00 |
-1.073.406,99 |
5.714.188,92 |
|
|
---------------- |
---------------- |
---------------- |
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OPERATIONAL PROFIT (LOSS) |
14.844.000,00 |
3.608.544,78 |
2.344.471,63 |
|
NON-OPERATING RESULT |
|
428.468,74 |
21.123,26 |
|
CONTRIBUTION/INCOME TAX |
133.000,00 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
14.977.000,00 |
4.037.013,52 |
2.365.594,89 |
|
RATIOS: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
QUICK RATIO |
,63 |
|
,64 |
|
1,91 |
|
|
CURRENT RATIO |
1,18 |
|
1,32 |
|
1,96 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
24,73 |
TIMES |
24,69 |
TIMES |
12,19 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
14,55 |
DAYS |
14,58 |
DAYS |
29,54 |
DAYS |
|
INVENTORY TURNOVER |
11,70 |
TIMES |
9,77 |
TIMES |
178,32 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
55,63 |
DAYS |
53,02 |
DAYS |
16,31 |
DAYS |
|
RETURN ON ASSETS |
,14 |
TIMES |
,18 |
TIMES |
,72 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
,15 |
TIMES |
,19 |
TIMES |
,79 |
TIMES |
|
NET WORTH TIE-UP |
,00 |
|
,00 |
|
,00 |
|
|
INDEBTEDNESS |
,07 |
|
,03 |
|
,08 |
|
|
EQUITY RATIO |
93,84 |
% |
96,84 |
% |
92,23 |
% |
|
WORKING CAPITAL RATIO |
18,30 |
% |
32,47 |
% |
96,14 |
% |
|
GENERAL SOLVENCY |
16,25 |
|
31,65 |
|
12,88 |
|
|
RETURN ON NET EQUITY |
9,78 |
% |
3,66 |
% |
2,31 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
66,47 |
% |
19,31 |
% |
2,94 |
% |
|
GROSS PROFIT MARGIN |
-2,29 |
% |
4,92 |
% |
6,12 |
% |
|
OPERATIONAL RESULT |
65,88 |
% |
17,26 |
% |
2,91 |
% |
|
SALES TURNOVER ON LIABILITIES |
6,29 |
TIMES |
7,06 |
TIMES |
10,49 |
TIMES |
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FOREIGN CURRENCY ON ASSETS |
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FOREIGN CURRENCY ON LIABILITIES |
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EXCHANGE RATE: |
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US$ 1,00 = R$ 1,83 |
- OFFICIAL RATE ON 02/04/2012 |
|
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 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED
WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A GOOD FINANCIAL STANDING. IT SHOWS NORMAL
LIQUIDITY RATIOS WITH POSITIVE WORKING CAPITAL AMOUNT AND VERY LOW LEVEL OF
INDEBTEDNESS. IN ADDITION IT IS NOTED GROWING SALES AND PROFITABILITY. REMARK: THE DROP IN SALES WAS ATTRIBUTABLE TO THE FACT THAT THE COMPANY HAS
TRANSFERRED MOST PART OF ITS OPERATIONAL ACTIVITIES TO "SOPRANO ELETROMETALÚRGICA E HIDRÁULICA
LTDA". |
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REAL ESTATE: |
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DETAIL OF OWNED
REAL ESTATE: |
|
TYPE: |
BUILDING |
|
VALUE: |
R$ ,00 |
|
REMARKS: |
01 LAND COMPRISING 960 M², LOCATED AT AVENIDA BOM PASTOR, LOTE 25,
QUADRA 1983, EM CAXIAS DO SUL |
|
|
|
|
TYPE: |
BUILDING |
|
VALUE: |
R$ ,00 |
|
REMARKS: |
01 RURAL LANDS COMPRISING 41.600 M² IN THE DISTRICTS OF LINHA FEIJÓ AND
COLÔNIA SERTOLINA, IN CAXIAS DO SUL. |
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|
|
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TYPE: |
BUILDING |
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VALUE: |
R$ ,00 |
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REMARKS: |
01 LAND COMPRISING 255M², WITH A BRICK BUILDING LOCATED AT RUA CAPITÃO
OTÁVIO MACHADO, 988, NO BAIRRO SANTO AMARO, SÃO PAULO - SP. |
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|
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TYPE: |
BUILDING |
|
VALUE: |
R$ ,00 |
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REMARKS: |
01 FARM WITH 13 BUSHELS, AROUND 637.000 M². |
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VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
INSURANCE
|
NOT AVAILABLE |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
|
|
BANCO DO ESTADO DO RIO GRANDE DO SUL S/A |
0215 / 54 3261-3466 |
|
|
BANCO RURAL S/A |
0059 / 54 3220-9641 |
|
|
BANCO BRADESCO S/A |
3471-1 / 54 3026-1799 |
|
|
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
|
CURRENTLY THE SOPRANO GROUP HAS EIGHT STRATEGIC BUSINESS UNITS ENGAGED
IN THE FOLLOWING BUSINESS MARKETS: ACCESSORIES FOR THE FURNITURE INDUSTRY; HYDRAULIC
EQUIPMENTS FOR THE TRUCK INDUSTRY; DOOR LOCKS, HARDWARE AND PADLOCKS FOR THE
CONSTRUCTION INDUSTRY; ELECTRIC MATERIALS AS CIRCUIT BREAKERS; HOUSE WARE
UTILITIES AND PROMOTIONAL ITEMS; FILMS AND INSULATIONS FOR THE GRAPHIC USER
AND ELECTRICAL ENGINE ISOLATION; THERMOPLASTIC RESINS FOR INJECTION AND
METALS FOR GALVANIC PLATING; AND SPECIAL HARDWARE FOR UPVC AND ALUMINUM
WINDOWS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
CHINA, PERU, SPAIN AND
ARGENTINA. |
EXPORTS
TO:
|
THE COMPANY DOES NOT EXPORT. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
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DOMESTIC
CLIENTS: |
|
PHONE: |
|
SOPRANO ELETROMETALURGICA E HIDRAULICA LTDA |
|
54 268-3555 |
|
STAFF: |
|
|
|
DOES NOT HAVE |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1977. SO
FAR IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOUR. THE COMPANY HAS TRADE RELATIONS WITH SOME LOCAL SUPPLIERS BUT UP TO
DATE ONLY SMALL PAYMENTS WERE REPORTED AND THE SUBJECT IS NOT SAID TO BE USER
OF TRADE CREDIT FACILITIES. THE LAWSUIT REPORTED IS NOT RELATED WITH TRADE
DEBT. IT IS RELATED TO TAX DEBT THAT FOR ANY REASON THE COMPANY HAS NOT YET
PAID. NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUIT DOES NOT AFFECT THE
COMPANY’S TRADE REPUTATION. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
ACOKRAFT COMERCIO DE AÇOS LTDA |
|
41 2101-5700 |
|
ALPHA GALVANO QUIMICA BRASILEIRA
LTDA |
|
11 4646-1500 |
|
ANION QUIMICA INDUSTRIAL
S.A |
|
11 4789-8585 |
|
ARINOS QUIMICA LTDA |
|
11 3602-7222 |
|
FERRAÇO IND. COM. FERRO E AÇO
LTDA |
|
51 337-3455 |
|
METALURGICA INDIANAPOLIS LTDA |
|
11 6954-0111 |
|
MINAS ZINCO INDUSTRIA E COMERCIO LTDA |
|
11 6462-8888 |
|
PANATLANTICA S/A |
|
51 489-7777 |
|
RHODIA POLIAMIDA E ESPECIALIDADES
LTDA |
|
11 4358-7777 |
|
SCHENECTADY CRIOS S.A |
|
19 535-6724 |
|
TUBOS IPIRANGA IND. E COM. LTDA |
|
11 4391-6000 |
|
VALLOUREC & MANNESMANN TUBES |
|
51 3330-8177 |
|
PAYMENT HISTORY: |
|
1 SUPPLIER REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 43.390,00 |
|
|
|
AMOUNT OF INVOICES PAID: 5 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 18.800,00 |
|
HIGHEST CREDIT: R$ 37.580,00 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. UP TO DATE IT HAS GOOD FINANCIAL STANDING, A CLEAR TRADE HISTORY AND
NORMAL 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$ 1.500.000,00 MAY BE CONSIDERED. |
|
|
|
|
|
|
|
|
|
BALANCE SHEET ANALYSIS |
FIGURES ARE IN REAIS |
|
|
|
|
|
|
|
31-12-10 |
|
31-12-09 |
|
31-12-08 |
|
|
ASSETS |
|
% |
|
% |
|
% |
|
Current Assets |
2.60 |
$ 3,920,012 |
3.44 |
$
15,066,307 |
13.54 |
|
|
Fixed Assets |
$
148,566,000 |
91.07 |
$
71,819,144 |
63.11 |
$
67,265,195 |
60.46 |
|
TOTAL ASSETS |
$
163,141,000 |
100.00 |
$
113,801,320 |
100.00 |
$
111,261,243 |
100.00 |
|
LIABILITIES |
|
|
|
|
|
|
|
Current Liabilities |
$ 3,585,000 |
2.20 |
$ 2,959,196 |
2.60 |
$
7,681,319 |
6.90 |
|
Long-Term Liabilities |
$ 6,457,000 |
3.96 |
$ 636,715 |
0.56 |
$
959,492 |
0.86 |
|
TOTAL LIABILITIES |
$
10,042,000 |
6.16 |
$ 3,595,911 |
3.16 |
$
8,640,811 |
7.77 |
|
Deferred Income |
$ - |
0.00 |
$ - |
0.00 |
$ - |
0.00 |
|
Net Equity |
$
153,099,000 |
93.84 |
$
110,205,409 |
96.84 |
$
102,620,432 |
92.23 |
|
TOTAL LIABILITIES + NET EQUITY |
$
163,141,000 |
100.00 |
$
113,801,320 |
100.00 |
$
111,261,243 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
|
|
|
Net Sales |
$
22,533,000 |
100.00 |
$
20,901,684 |
100.00 |
$
80,567,496 |
100.00 |
|
Costs |
$
23,049,000 |
102.29 |
$
19,872,945 |
95.08 |
$
75,634,844 |
93.88 |
|
Gross Profit |
$ (516,000) |
-2.29 |
$ 1,028,738 |
4.92 |
$
4,932,652 |
6.12 |
|
Operating expenses |
$
15,286,000 |
67.84 |
$ 3,653,213 |
17.48 |
$
(8,302,370) |
-10.30 |
|
operational Result |
$
14,844,000 |
65.88 |
$ 3,608,545 |
17.26 |
$
2,344,472 |
2.91 |
|
Net Profit (loss) |
$
14,977,000 |
66.47 |
$ 4,037,014 |
19.31 |
$
2,365,595 |
2.94 |
|
COMPLEMENTARY DATA |
|
|
|
|
|
|
|
Inventory |
$ 1,970,000 |
|
$ 2,034,574 |
|
$
424,151 |
|
|
Accounts receivable |
$ 911,000 |
|
$ 846,708 |
|
$
6,609,985 |
|
|
Accounts Payable |
$ 3,562,000 |
|
$ 2,927,050 |
|
$
3,426,328 |
|
|
Property, plant and equipment |
$ 339,000 |
|
$ 344,067 |
|
$
338,497 |
|
|
Purchases |
$
148,566,000 |
|
$
71,819,144 |
|
$
67,265,195 |
|
|
Financial Expenses |
$ 74,000 |
|
$
(1,073,407) |
|
$
5,714,189 |
|
|
Foreign Currency Assets |
|
|
|
|
|
|
|
Foreign Currency Liabilities |
|
|
|
|
|
|
|
Working Capital |
$ 656,000 |
|
$ 960,816 |
|
$
7,384,988 |
|
|
RATIOS: |
|
|
|
|
|
|
|
QUICK RATIO |
0.63 |
|
0.64 |
|
1.91 |
|
|
CURRENT RATIO |
1.18 |
|
1.32 |
|
1.96 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
24.73 |
times |
24.69 |
times |
12.19 |
times |
|
DAYS' SALES IN RECEIVABLES |
14.55 |
days |
14.58 |
days |
29.54 |
days |
|
INVENTORY TURNOVER |
11.70 |
times |
9.77 |
times |
178.32 |
times |
|
55.63 |
days |
53.02 |
days |
16.31 |
days |
|
|
RETURN ON ASSETS |
0.14 |
times |
0.18 |
times |
0.72 |
times |
|
SALES TURNOVER ON NET EQUIY |
0.15 |
times |
0.19 |
times |
0.79 |
times |
|
NET WORTH TIE-UP |
0.00 |
|
0.00 |
|
0.00 |
|
|
ENDEBTEDNESS |
0.07 |
|
0.03 |
|
0.08 |
|
|
EQUITY RATIO |
93.84 |
% |
96.84 |
% |
92.23 |
% |
|
WORKING CAPITAL RATIO |
18.30 |
% |
32.47 |
% |
96.14 |
% |
|
GENERAL SOLVENCY |
16.25 |
|
31.65 |
|
12.88 |
|
|
RETURN ON NET EQUITY |
9.78 |
% |
3.66 |
% |
2.31 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
66.47 |
% |
19.31 |
% |
2.94 |
% |
|
GROSS PROFIT MARGIN |
(2.29) |
% |
4.92 |
% |
6.12 |
% |
|
OPERATIONAL RESULT |
65.88 |
% |
17.26 |
% |
2.91 |
% |
|
SALES TURNOVER ON LIABILITIES |
6.29 |
times |
7.06 |
times |
10.49 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
- |
% |
- |
% |
|
FOREIGN CURRENCY ON LIABILITIES |
- |
% |
- |
% |
- |
% |
g3
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.56 |
|
UK Pound |
1 |
Rs.81.05 |
|
Euro |
1 |
Rs.67.49 |
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.