MIRA INFORM REPORT
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Report Date : |
19.04.2012 |
IDENTIFICATION DETAILS
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Name : |
MAGNESITA REFRATÁRIOS SA |
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Registered Office : |
Praça Louis Ensch, 240 - Cidade Industrial, Zip Code 32210-050 - Contagem/Mg |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
26.12.2006 |
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Legal Form : |
Publicly held corporation |
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Line of Business : |
Manufacture of refractory ceramic products |
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No. of Employees
: |
6300 |
RATING & COMMENTS
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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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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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
MAGNESITA
REFRATÁRIOS S/A
company ADDRESSES
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MAIN ADDRESS: |
PRAÇA LOUIS ENSCH, 240 - CIDADE INDUSTRIAL |
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ZIP CODE/CITY: |
32210-050 - CONTAGEM/MG |
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PHONE: |
31 3368-1432 |
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FAX: |
31 3348-8566 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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ADDRESS: |
RUA BEGÔNIA, 169 SETOR A CAMPINA VERDE |
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ZIP CODE/CITY: |
32150-350 CONTAGEM/MG |
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ADDRESS: |
AVENIDA ALTINO ARANTES - S/Nş. LADO ESQUERDO JUNDIAPEBA |
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ZIP CODE/CITY: |
08750-500 MOGI DAS CRUZES/SP |
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ADDRESS: |
RUA JORNALISTA ZOLTAN GLUECK, 93 |
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ZIP CODE/CITY: |
32210-090 CONTAGEM/MG |
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THE COMPANY ALSO HAS OTHER BRANCHES LOCATED IN: BRUMADO/BA, CONCEIÇĂO DO
PARÁ/MG, PONTA GROSSA/PR, BOM SUCESSO DE ITARARÉ/SP, MOGI DAS CRUZES/SP, ONÇA
DO PITANGUI/MG, ITAMARANDIBA/MG, UBERABA/MG, CUBATĂO/SP, POÇOS DE CALDAS/MG
AND JOĂO PINHEIRO/MG. |
LEGAL DATA
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MAIN ACTIVITIES: |
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MANUFACTURE OF REFRACTORY CERAMIC PRODUCTS. |
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LEGAL FORM: |
PUBLICLY
HELD CORPORATION |
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INCORPORATION DATE: |
26/12/2006 |
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REGISTER DATE: |
26/12/2006 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
08.684.547/0001-65 |
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STATE REGISTER: |
001066066.00-16 |
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SHARE CAPITAL: |
R$
2.528.146.113,65 |
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LAST REGISTER OF CAPITAL: |
22/02/2011 |
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BOARD OF
DIRECTORS: |
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RONALDO IABRUDI DOS SANTOS PEREIRA |
PRESIDENT DIRECTOR |
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FLÁVIO REZENDE BARBOSA |
INVESTORS RELATIONS DIRECTOR |
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AFONSO CELSO RESENDE |
DIRECTOR |
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FABRÍCIO RODRIGUES AMARAL |
DIRECTOR |
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WAGNER MARIANO SAMPAIO |
DIRECTOR |
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LUIS RODOLFO MARIANI BITTENCOURT |
DIRECTOR |
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GUSTAVO LÚCIO GONÇALVES FRANCO |
DIRECTOR |
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MILTON JOSÉ DE OLIVEIRA SACRAMENTO |
DIRECTOR |
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OTTO ALEXANDRE LEVY REIS |
DIRECTOR |
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YAN HOFFSTETTER |
DIRECTOR |
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PETER PAUL LOURENÇO ESTERMANN |
DIRECTOR |
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GILMAR FAVA CARRARA |
DIRECTOR |
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OCTAVIO CORTES PEREIRA LOPES |
DIRECTOR |
AUTHORIZED USE OF SIGNATURE
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THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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ALUMINA HOLDINGS, LLC (UNITED STATES) |
30,36% |
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REARDEN L HOLDINGS 3 S.ŔR.L (LUXEMBOURG) |
7,20% |
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FAMA INVESTIMENTOS LTDA. |
7,16% |
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MAG - FUNDO DE INVESTIMENTO EM PARTICIPAÇŐES |
3,27% |
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GIF-II FUNDO DE INVESTIMENTO EM PARTICIPAÇŐES |
1,70% |
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GPCP4 - FUNDO DE INVESTIMENTO EM PARTICIPAÇŐES |
0,39% |
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OTHERS |
49,92% |
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AFFILIATES / SUBSIDIARIES: |
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ILIAMA PARTICIPAÇŐES S.L. |
100,00% |
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LWB ISLAND COMPANY LTD. |
100,00% |
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MAGNESITA GRUNDSTUCKS BETEILIGUNGS GMBH |
100,00% |
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MAGNESITA REFRACTORIES CORPORATION |
100,00% |
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MAGNESITA INSIDER REFRATÁRIOS LTDA. |
100,00% |
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MAG-TEC LTDA. |
100,00% |
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RASA - REFRACTARIOS ARGENTINOS S.A. I. C. Y M. |
100,00% |
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REFRACTÁRIOS MAGNESITA COLÔMBIA S.A |
100,00% |
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REFRACTÁRIOS MAGNESITA DEL PERU S.A.C. |
100,00% |
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REFRACTÁRIOS MAGNESITA URUGUAY S.A. |
100,00% |
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INSIDER - INSUMOS REFRATÁRIOS PARA SIDERURGIA LTDA. |
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MAGNESITA S.A. |
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MAGNESITA REFRACTORIES GMBH (GERMANY) |
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MAGNESITA REFRACTORIES S.C.S (FRANCE) |
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MAGNESITA RESOURCE (ANHUI) CO. LTD. (CHINA) |
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SHANXI LWB TAIGANG REFRACTORIES COMPANY LTD. (CHINA) |
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SINTERCO S.A. (BELGIUM) |
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KROSAKI MAGNESITA REFRACTORIES LLC (UNITED STATES) |
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MAGNESITA ENVOY ASIA LTD. (TAIWAN) |
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MAGNESITA REFRACTORIES COMPANY (UNITED STATES) |
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COMPANY'S BACKGROUND
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RPAR HOLDING S/A WAS ESTABLISHED ON DECEMBER 26, 2006 TO BE A HOLDING
COMPANY. ON AUGUST 06, 2007 THE SHAREHOLDERS' MEETING APPROVED THE ALTERATION
OF THE SUBJECT'S CORPORATE NAME FROM SIBAÚMA PARTICIPAÇŐES S.A. TO RPAR HOLDING
S.A. AND THEN TO MAGNESITA REFRATARIOS S/A. FROM DECEMBER 11, 2006 TO SEPTEMBER 26, 2007 THE COMPANY DID NOT
GENERATE ANY REVENUE. ON SEPTEMBER 27, 2007 THE COMPANY COMPLETED THE ACQUISITION OF SHARES
OF 70,7% OF THE VOTING SHARE CAPITAL OF MAGNESITA S.A. AND 3,1% OF PREFERRED
SHARES, TOTALING 38,6% OF THE SHARE CAPITAL OF MAGNESITA S/A. IN DECEMBER 2007 THE SUBJECT CARRIED OUT A PUBLIC OFFERING TO ACQUIRE
COMMON SHARES OF DA MAGNESITA S.A., REPRESENTING 29,27% OF THE VOTING CAPITAL
AND 15,39% OF THE SOCIAL CAPITAL. ON FEBRUARY 20, 2008 THE COMPANY TOOK OVER ITS WHOLE-OWNED SUBSIDIARY
PARTIMAG S.A. ON FEBRUARY 21, 2008 THE COMPANY MAGNESITA REFRATARIOS S/A TOOK OVER
THE COMPANY MAGNESITA S.A. (FOUNDED ON JULY 13, 1940) CNPJ
19.791.268/0001-17. AND ADOPTED THE CURRENT CORPORATE NAME. ON APRIL 30, 2008 THE SUBJECT TOOK OVER THE FOLLOWING COMPANIES: IKERA INDUSTRIA E COMERCIO LTDA - CNPJ 18.751.883/0001-37; MAGNESITA SERVICE LTDA - CNPJ 20.466.512/0001-55; RISA - REFRATÁRIOS E ISOLANTES LTDA - CNPJ 19.791.334/0001-59; REFRATEC PRODUTOS ELETROFUNDIDOS LTDA - CNPJ 20.128.609/0001-58; REFRATEC PARTICIPAÇŐES LTDA - CNPJ 06.165.397/0001-58; SĂO JOSE ADMINISTRAÇĂO DE MATÉRIAS PRIMAS - CNPJ 60.681.160/0001-75; RISA MATERIAIS CERÂMICOS LTDA - CNPJ 07.886.734/0001-69. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
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PUBLIC
INFORMATION: |
PROTESTS
|
10 PROTESTS,TOTAL AMOUNT R$
6.939,60 |
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DATE OF FIRST PROTEST:
MAY/2009 R$ 18/3,13 |
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DATE OF HIGHEST PROTEST:
FEBRUARY/2012 R$ 2.001,64 |
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DETAILS OF LATEST PROTESTS: |
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NOTARY OFFICE: |
DATE: |
VALUE: |
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CARTÓRIO DE RJ-VOLTA REDONDA |
03/04/2012 |
R$ 1.555,60 |
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CARTÓRIO DE MG-CONTAGEM |
09/04/2012 |
R$ 407,40 |
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CARTÓRIO DE BA-BRUMADO |
27/02/2012 |
R$ 950,95 |
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CARTÓRIO DE BA-BRUMADO |
10/02/2012 |
R$ 259,94 |
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CARTÓRIO DE BA-BRUMADO |
27/02/2012 |
R$ 2.001,64 |
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LAWSUITS: |
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DATE: |
COURT OF LAW: |
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1 |
FEDERAL LAWSUIT |
18/10/10 |
VARA DE MG-MONTES CLAROS |
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1 |
STATE LAWSUIT |
22/12/09 |
VARA DE SP-SĂO CAETANO DO SUL |
FINANCIAL INFORMATION
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GENERAL BALANCE SHEETS AS OF 31/12/2011, 31/12/2010 AND 31/12/2009. |
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( FIGURES ARE IN THOUSANDS OF REAIS ). |
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ASSETS |
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CURRENT: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
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CASH AND BANKS |
595.498 |
518.974 |
188.495 |
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INVESTMENTS |
43.842 |
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|
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CLIENTS |
358.805 |
362.891 |
333.750 |
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INVENTORY |
234.590 |
252.276 |
267.241 |
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RECOVERABLE TAXES |
52.815 |
46.641 |
50.250 |
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BANKS-ESCROW ACCOUNT |
|
|
24.485 |
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CREDIT AND VALUES |
|
65.189 |
65.189 |
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DISPOSAL OF REAL ESTATE |
|
605 |
|
|
OTHER CREDITS |
5.173 |
641 |
|
|
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---------------- |
---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
1.290.723 |
1.247.217 |
929.410 |
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LONG-TERM
RECEIVABLES: |
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|
|
|
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RECOVERABLE TAXES |
|
|
1.774 |
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JUDICIAL DEPOSITS |
9.731 |
10.681 |
9.445 |
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DISPOSAL OF REAL ESTATE |
|
69.007 |
59.886 |
|
TRIBUTARY CREDITS |
|
|
157.558 |
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PREMIUM TO AMORTIZE |
62.211 |
71.099 |
88.874 |
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INTERCOMPANY CREDITS |
56.983 |
49.148 |
|
|
DEFERRED TAXES |
|
2.326 |
|
|
OTHER CREDITS |
19.488 |
1.956 |
321 |
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---------------- |
---------------- |
---------------- |
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TOTAL LONG-TERM RECEIVABLES |
148.413 |
204.217 |
317.858 |
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FIXED ASSETS: |
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|
|
|
|
|
|
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INVESTMENTS |
1.037.645 |
936.370 |
914.241 |
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FIXED ASSETS |
447.956 |
337.124 |
386.426 |
|
INTANGIBLE |
1.082.683 |
1.082.366 |
1.368.868 |
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|
---------------- |
---------------- |
---------------- |
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TOTAL FIXED ASSETS |
2.568.284 |
2.355.860 |
2.669.535 |
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|
================ |
================ |
================ |
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TOTAL ASSETS |
4.007.420 |
3.807.294 |
3.916.803 |
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LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
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LOANS AND FINANCING |
85.479 |
105.010 |
346.704 |
|
SUPPLIERS |
163.004 |
85.273 |
79.295 |
|
TAXES & CONTRIBUTIONS |
18.367 |
20.953 |
25.303 |
|
DIVIDENDS |
9.415 |
410 |
1.049 |
|
SOCIAL / LABOR OBLIGATIONS |
60.438 |
59.743 |
42.777 |
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ACCOUNTS PAYABLE |
4.267 |
7.467 |
|
|
OTHER DEBTS |
29.153 |
8.990 |
22.960 |
|
|
---------------- |
---------------- |
---------------- |
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TOTAL CURRENT LIABILITIES |
370.123 |
287.846 |
518.088 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
853.455 |
1.169.506 |
901.167 |
|
PROVISIONS |
63.886 |
94.130 |
106.246 |
|
DEFERRED TAXES |
30.569 |
|
130.160 |
|
OTHER |
51.056 |
54.466 |
40.809 |
|
|
---------------- |
---------------- |
---------------- |
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TOTAL LONG TERM LIABILITIES |
998.966 |
1.318.102 |
1.178.382 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
2.528.146 |
2.388.845 |
2.386.032 |
|
CAPITAL RESERVES |
234.326 |
104.576 |
99.126 |
|
PROFIT RESERVES |
34.130 |
3.495 |
2.856 |
|
ADJUSTMENTS |
-158.271 |
-227.796 |
-118.507 |
|
ACCRUED PROFIT (LOSS) |
|
-67.774 |
-149.174 |
|
|
---------------- |
---------------- |
---------------- |
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TOTAL NET EQUITY |
2.638.331 |
2.201.346 |
2.220.333 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
4.007.420 |
3.807.294 |
3.916.803 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2011, 31/12/2010 AND 31/12/2009. |
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( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
GROSS SALES |
1.495.262 |
1.627.107 |
1.306.033 |
|
(-) TAXES ON SALES |
326.589 |
369.002 |
286.380 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
1.168.673 |
1.258.105 |
1.019.653 |
|
(-) COST OF SOLD GOODS |
782.024 |
805.617 |
639.477 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
386.649 |
452.488 |
380.176 |
|
OPERATING REVENUE (EXPENSE) |
-189.161 |
-216.586 |
-209.005 |
|
FINANCIAL REVENUE(EXPENSE) |
-49.455 |
-102.085 |
-176.003 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
148.033 |
133.817 |
-4.832 |
|
CONTRIBUTION/INCOME TAX |
-50.122 |
-42.052 |
-25.152 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
97.911 |
91.765 |
-29.984 |
|
RATIOS: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
QUICK RATIO |
2,85 |
|
3,46 |
|
1,28 |
|
|
CURRENT RATIO |
3,49 |
|
4,33 |
|
1,79 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
3,26 |
TIMES |
3,47 |
TIMES |
3,06 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
110,53 |
DAYS |
103,84 |
DAYS |
117,83 |
DAYS |
|
INVENTORY TURNOVER |
3,33 |
TIMES |
3,19 |
TIMES |
2,39 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
75,04 |
DAYS |
38,11 |
DAYS |
44,64 |
DAYS |
|
RETURN ON ASSETS |
,29 |
TIMES |
,33 |
TIMES |
,26 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
,44 |
TIMES |
,57 |
TIMES |
,46 |
TIMES |
|
NET WORTH TIE-UP |
,17 |
|
,15 |
|
,17 |
|
|
INDEBTEDNESS |
,52 |
|
,73 |
|
,76 |
|
|
EQUITY RATIO |
65,84 |
% |
57,82 |
% |
56,69 |
% |
|
WORKING CAPITAL RATIO |
248,73 |
% |
333,29 |
% |
79,39 |
% |
|
GENERAL SOLVENCY |
2,93 |
|
2,37 |
|
2,31 |
|
|
RETURN ON NET EQUITY |
3,71 |
% |
4,17 |
% |
-1,35 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
8,38 |
% |
7,29 |
% |
-2,94 |
% |
|
GROSS PROFIT MARGIN |
33,08 |
% |
35,97 |
% |
37,28 |
% |
|
OPERATIONAL RESULT |
12,67 |
% |
10,64 |
% |
-,47 |
% |
|
SALES TURNOVER ON LIABILITIES |
3,16 |
TIMES |
4,37 |
TIMES |
1,97 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,83 |
- OFFICIAL RATE ON 16/04/2012 |
|
US$ 1,00 = R$ 1,87 |
- OFFICIAL RATE ON 31/12/2011 |
|
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 SHOW A GOOD FINANCIAL STANDING. IT SHOWED GOOD
LIQUIDITY RATIOS AND GOOD WORKING CAPITAL, AS WELL AS LOW LEVEL OF
INDEBTEDNESS. SALES DROPPED BU THE COMPANY MADE HIGHER PROFIT. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 289.820.000,00
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 340.922.000,00
INSURANCE
|
THE COMPANY AND ITS SUBSIDIARIES HAVE INSURANCE POLICIES WHICH COVERS
OPERATIONAL RISKS OVER ITS INDUSTRIAL PLANTS, MACHINERY AND INVENTORIES. IT
ALSO COVERS CEASING PROFIT, FIRE, FLOODING AND OTHER EVENTS AS SHOWED IN
DECEMBER 31, 2011: |
|
COVERAGE: |
INSURED AMOUNT |
|
VALUE: |
R$ 2.760.557.000,00 |
|
|
|
|
COVERAGE: |
CEASING PROFIT |
|
VALUE: |
R$ 777.986.000,00 |
|
|
|
|
COVERAGE: |
CIVIL LIABILITY |
|
VALUE: |
R$ 268.856.000,00 |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO BRADESCO S/A |
31 3361-7588 |
CONTAGEM/MG |
|
BANCO DO BRASIL S/A |
31 3248-7900 |
BELO HORIZONTE/MG |
|
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"). DATE RESEARCHED: APRIL 16, 2012. |
ACTIVITIES COMMENTS
|
MANUFACTURE OF REFRACTORY CERAMIC PRODUCTS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
ARCELOR BRASIL |
|
|
|
CIA SIDERÚRGICA NACIONAL - CSN |
|
|
|
CIA SIDERÚRGICA PAULISTA - COSIPA |
|
|
|
GRUPO GERDAU |
|
|
|
USINAS SID. DE MINAS GERAIS S/A - USIMINAS |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 6300 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL ESTABLISHED COMPANY BUT TOOK OVER THE ACTIVITIES
OF A COMPANY WHICH ACTIVITIES DATE BACK TO 1940. SO FAR IT HAS A CLEAR TRADE
HISTORY AND SATISFACTORY PAYMENT BEHAVIOR. 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. 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. THE PROTESTS FOUND DO NOT AFFECT SUBJECT'S REPUTATION. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
|
|
ALCOA ALUMÍNIO S/A |
|
|
|
ELFUSA GERAL DE ELETROFUSĂO LTDA |
|
|
|
FERROVIA CENTRO ATLÂNTICA S/A |
|
|
|
NACIONAL DE GRAFITE LTDA |
|
|
|
PERSTORP DO BRASIL IND. E COM. LTDA |
|
|
|
SAINT GOBAIN MATS. CERÂMICOS LTDA |
|
|
|
PAYMENT HISTORY: |
|
22 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 4.373.923,00 |
|
|
|
AMOUNT OF INVOICES PAID: 801 |
|
TOTAL OF PROMPT PAYMENTS: 56,8% |
|
TOTAL OF DELAYED PAYMENTS: 43,2% |
|
|
|
HIGHEST INVOICE: R$ 144.296,00 |
|
|
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 60 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
4 |
23 |
R$ 22.906,89 |
|
DUE WITHIN 60 DAYS |
2 |
6 |
R$ 4.803,43 |
|
ALL |
4 |
29 |
R$ 27.710,32 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY. IT SHOWS A CLEAR TRADE HISTORY
AND SATISFACTORY PAYMENT BEHAVIOR. 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. . |
|
|
|
|
|
|
|
|
|
BALANCE SHEET ANALYSIS |
FIGURES ARE IN THOUSANDS
OF REAIS |
|
|
|
||
|
|
31-12-11 |
|
31-12-10 |
|
31-12-09 |
|
|
ASSETS |
|
% |
|
% |
|
% |
|
Current Assets |
32.21 |
$ 1,247,217 |
32.76 |
$
929,410 |
23.73 |
|
|
Fixed Assets |
$ 2,568,284 |
64.09 |
$ 2,355,860 |
61.88 |
$
2,669,535 |
68.16 |
|
TOTAL ASSETS |
$ 4,007,420 |
100.00 |
$ 3,807,294 |
100.00 |
$
3,916,803 |
100.00 |
|
LIABILITIES |
|
|
|
|
|
|
|
Current Liabilities |
$ 370,123 |
9.24 |
$ 287,846 |
7.56 |
$
518,088 |
13.23 |
|
Long-Term Liabilities |
$ 998,966 |
24.93 |
$ 1,318,102 |
34.62 |
$
1,178,382 |
30.09 |
|
TOTAL LIABILITIES |
$ 1,369,089 |
34.16 |
$ 1,605,948 |
42.18 |
$
1,696,470 |
43.31 |
|
Deferred Income |
$ - |
0.00 |
$ - |
0.00 |
$ - |
0.00 |
|
Net Equity |
$ 2,638,331 |
65.84 |
$ 2,201,346 |
57.82 |
$
2,220,333 |
56.69 |
|
TOTAL LIABILITIES + NET EQUITY |
$ 4,007,420 |
100.00 |
$ 3,807,294 |
100.00 |
$
3,916,803 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
|
|
|
Net Sales |
$ 1,168,673 |
100.00 |
$ 1,258,105 |
100.00 |
$
1,019,653 |
100.00 |
|
Costs |
$ 782,024 |
66.92 |
$ 805,617 |
64.03 |
$
639,477 |
62.72 |
|
Gross Profit |
$ 386,649 |
33.08 |
$ 452,488 |
35.97 |
$
380,176 |
37.28 |
|
Operating expenses |
$ (189,161) |
-16.19 |
$ (216,586) |
-17.22 |
$
(209,005) |
-20.50 |
|
operational Result |
$ 148,033 |
12.67 |
$ 133,817 |
10.64 |
$ (4,832) |
-0.47 |
|
Net Profit (loss) |
$ 97,911 |
8.38 |
$ 91,765 |
7.29 |
$ (29,984) |
-2.94 |
|
COMPLEMENTARY DATA |
|
|
|
|
|
|
|
Inventory |
$ 234,590 |
|
$ 252,276 |
|
$
267,241 |
|
|
Accounts receivable |
$ 358,805 |
|
$ 362,891 |
|
$
333,750 |
|
|
Accounts Payable |
$ 163,004 |
|
$ 85,273 |
|
$ 79,295 |
|
|
Property, plant and equipment |
$ 447,956 |
|
$ 337,124 |
|
$
386,426 |
|
|
Purchases |
$ 2,568,284 |
|
$ 2,355,860 |
|
$
2,669,535 |
|
|
Financial Expenses |
$ (49,455) |
|
$ (102,085) |
|
$
(176,003) |
|
|
Foreign Currency Assets |
|
|
|
|
|
|
|
Foreign Currency Liabilities |
|
|
|
|
|
|
|
Working Capital |
$ 920,600 |
|
$ 959,371 |
|
$
411,322 |
|
|
RATIOS: |
|
|
|
|
|
|
|
QUICK RATIO |
2.85 |
|
3.46 |
|
1.28 |
|
|
CURRENT RATIO |
3.49 |
|
4.33 |
|
1.79 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
3.26 |
times |
3.47 |
times |
3.06 |
times |
|
DAYS' SALES IN RECEIVABLES |
110.53 |
days |
103.84 |
days |
117.83 |
days |
|
INVENTORY TURNOVER |
3.33 |
times |
3.19 |
times |
2.39 |
times |
|
75.04 |
days |
38.11 |
days |
44.64 |
days |
|
|
RETURN ON ASSETS |
0.29 |
times |
0.33 |
times |
0.26 |
times |
|
SALES TURNOVER ON NET EQUIY |
0.44 |
times |
0.57 |
times |
0.46 |
times |
|
NET WORTH TIE-UP |
0.17 |
|
0.15 |
|
0.17 |
|
|
ENDEBTEDNESS |
0.52 |
|
0.73 |
|
0.76 |
|
|
EQUITY RATIO |
65.84 |
% |
57.82 |
% |
56.69 |
% |
|
WORKING CAPITAL RATIO |
248.73 |
% |
333.29 |
% |
79.39 |
% |
|
GENERAL SOLVENCY |
2.93 |
|
2.37 |
|
2.31 |
|
|
RETURN ON NET EQUITY |
3.71 |
% |
4.17 |
% |
(1.35) |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
8.38 |
% |
7.29 |
% |
(2.94) |
% |
|
GROSS PROFIT MARGIN |
33.08 |
% |
35.97 |
% |
37.28 |
% |
|
OPERATIONAL RESULT |
12.67 |
% |
10.64 |
% |
(0.47) |
% |
|
SALES TURNOVER ON LIABILITIES |
3.16 |
times |
4.37 |
times |
1.97 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
- |
% |
- |
% |
|
FOREIGN CURRENCY ON LIABILITIES |
- |
% |
- |
% |
- |
% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.50 |
|
UK Pound |
1 |
Rs.81.99 |
|
Euro |
1 |
Rs.67.54 |
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.