MIRA
INFORM REPORT
|
Report Date : |
28.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
MMARTAN TEXTIL LTDA |
|
|
|
|
Address: |
Avenida Ibirapuera,3103 Lojas 70
E 71 - Moema |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.05.2008 |
|
|
|
|
Date of Incorporation : |
30.07.2007 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture and |
|
|
|
|
No. of Employees : |
736 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit: |
US$ 1300000 |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
Usually Correct |
|
Litigation : |
-- |
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 30, 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
MMARTAN TEXTIL
LTDA
ADDRESSES
|
MAIN ADDRESS: |
AVENIDA IBIRAPUERA,3103 LOJAS 70
E 71 - MOEMA |
|
ZIP CODE/CITY: |
04029-200 - SÃO PAULO/SP |
|
|
|
|
PHONE: |
11 5093-4476 |
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E-MAIL: |
henrique@mmartan.com.br |
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WEB SITE: |
www.mmartan.com.br |
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BRANCHES: |
|
|
|
|
|
ADDRESS: |
RODOVIA ANHANGUERA,3117 KM 77,5 SUL - BAIRRO CAPELA |
|
ZIP CODE/CITY: |
13280-000 VINHEDO/SP |
|
PHONE: |
19 2102-2200 |
|
FAX: |
19 2102-2200 |
|
|
|
|
ADDRESS: |
AVENIDA IGUATEMI,690 LOJAS 01, 02 - VILA BRANDINA |
|
ZIP CODE/CITY: |
13092-500 CAMPINAS/SP |
|
|
|
|
REQUESTED
ADDRESS: |
AV CELSO
GARCIA,3117 - TATUAPE |
|
ZIP CODE/CITY: |
13063-000 SÃO
PAULO/SP |
|
|
|
|
ADDRESS: |
RUA OLIMPIADAS,360 3 PAVIMENTO - VILA OLIMPIA |
|
ZIP CODE/CITY: |
04551-000 SÃO PAULO/SP |
|
|
|
|
ADDRESS: |
SETOR COMERCIAL SUL,0 BL. A ASA AZUL |
|
ZIP CODE/CITY: |
70307-902 BRASILIA/DF |
|
FURTHER TO THE ABOVE THE COMPANY ALSO HAS OTHER BRANCHES LOCATED IN:
ALAGOAS, AMAZONAS, BAHIA, CEARÁ, DISTRITO FEDERAL, ESPIRITO SANTO, GOIÁS,
MATO GROSSO, MATO GROSSO DO SUL, MINAS GERAIS, PARÁ, PARAÍBA, PARANÁ, PERNAMBUCO,
RIO DE JANEIRO, RIO GRANDE DO SUL, RIO GRANDE DO NORTE, SÃO PAULO AND SANTA
CATARINA. |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
MANUFACTURE AND SALE OF HOUSEHOLD LINEN. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
30/07/2007 |
|
REGISTER DATE: |
30/07/2007 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
08.982.370/0001-83 |
|
STATE REGISTER: |
149.759.819.119 |
|
|
|
|
SHARE CAPITAL: |
R$ 44.886.000,00 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
JOSUE CHRISTIANO GOMES DA SILVA |
DIRECTOR |
|
ROBERTO CRISTOFANILLI |
DIRECTOR |
AUTHORIZED USE OF SIGNATURE
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
SPRINGS E ROSSINI PARTICIPAÇÕES S/A |
R$ 44.885.900,00 |
|
JOSUE CHRISTIANO GOMES DA SILVA |
R$ 100,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
MRJ TEXTIL LTDA |
|
|
INSTITUTO DE ESTUDOS PARA O DESENVOLVIMENTO |
|
|
COMPANHIA TECIDOS SANTANENSE |
|
|
COMPANHIA DE TECIDOS NORTE DE MINAS - CO |
|
|
SPRINGS GLOBAL PARTICIPAÇÕES S/A |
|
|
COTEMINAS S/A |
|
|
OXFORD COMERCIO E PARTICIPAÇÕES S/A |
|
|
SEDA S/A |
|
|
EMPRESA NACIONAL DE COMERCIO REDITO E PA |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON JULY 30, 2007 TO BE ENGAGED IN THE SAID
LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. ON JUNE 01, 2008 SUBJECT TOOK OVER THE COMPANIES TEXTIL ROSSINI DO
BRASIL LTDA CNPJ 01.812.606/0001-94, WHICH HAD BEEN ESTABLISHED ON
12/05/1997, AND MRJ TEXTIL LTDA. THE PARTNERS/DIRECTORS: SPRINGS E ROSSINI PARTICIPAÇÕES S/A: REGISTRATION # NIRE 31300029034,
HEADQUARTERED AT RUA AIMORES 981, 12º ANDAR, FUNCIONARIOS, MINAS GERAIS; JOSUE CHRISTIANO GOMES DA SILVA: BRAZILIAN, HOLDER OF DOCUMENTS RG
MG1246178, CPF 493.795.776-72, RESIDENTIAL ADDRESS AT AV. PAULISTA 1754, 2
SOBRELOJA, CERQUEIRA CESAR, SÃO PAULO/SP; ROBERTO CRISTOFANILLI: BRAZILIAN, HOLDER OF DOCUMENTS RG 10543985X,
CPF 937.790.468-49, RESIDENTIAL ADDRESS AT RUA DUARTE DE CARVALHO 155, APTº
111, TATUAPE, SÃO PAULO/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. LUIS, ACCOUNTING
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: |
|
PROTESTS: |
|
2 PROTESTS,TOTAL AMOUNT R$
112,00 |
|
DETAILS OF PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
2º CARTÓRIO DE GOIÂNIA/GO |
23/12/2009 |
R$ 12,00 |
|
CARTÓRIO DE VINHEDO/SP |
16/01/2012 |
R$ 100,00 |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
1 |
STATE LAWSUIT |
30/01/09 |
VARA DE CAMPINAS/SP |
FINANCIAL INFORMATION
|
DUE TO THE SUBJECT'S LEGAL FORM, IT IS NOT OBLIGED TO PUBLISH THE
BALANCE SHEET INFORMATION. WHEN INTERVIEWING SOURCES AT THE SUBJECT COMPANY
DECLINED TO PROVIDE ANY KIND OF FINANCIAL INFORMATION AS THEY ARE STILL NOT
AUTHORIZED TO DO SO. OUR INVESTIGATION THROUGH THE OUTSIDE SOURCES SHOWED NO FINANCIAL DATA
ABOUT THE SUBJECT. |
|
GENERAL BALANCE SHEETS AS OF 31/05/2008. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/05/2008 |
|
|
|
|
|
|
|
|
CASH AND CASH EQUIVALENTS |
1.835.734,43 |
|
|
|
CLIENTS |
62.277.799,45 |
|
|
|
NOTES RECEIVABLE |
-26.327.783,33 |
|
|
|
INVENTORY |
15.890.035,08 |
|
|
|
ADVANCE TO SUPPLIERS |
480.207,52 |
|
|
|
RECOVERABLE TAXES |
75.751,36 |
|
|
|
INTERESTS ON OWN CAPITAL |
421.569,30 |
|
|
|
INSURANCE PREMIUM |
311.238,06 |
|
|
|
LEASING |
764.981,76 |
|
|
|
|
---------------- |
|
|
|
TOTAL CURRENT ASSETS |
55.729.533,63 |
|
|
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
JUDICIAL DEPOSITS |
131.048,15 |
|
|
|
PARTNERS CURRENT ACCOUNTS |
2.433.886,99 |
|
|
|
INTERCOMPANY CREDITS |
16.079.767,68 |
|
|
|
|
---------------- |
|
|
|
TOTAL LONG-TERM RECEIVABLES |
18.644.702,82 |
|
|
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
OTHER |
21.825.950,04 |
|
|
|
|
---------------- |
|
|
|
TOTAL FIXED ASSETS |
21.825.950,04 |
|
|
|
|
================ |
|
|
|
TOTAL ASSETS |
96.200.186,49 |
|
|
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/05/2008 |
|
|
|
|
|
|
|
|
SUPPLIERS |
18.854.114,61 |
|
|
|
FINANCING |
25.975.287,29 |
|
|
|
TAXES & CONTRIBUTIONS |
10.481.088,28 |
|
|
|
|
---------------- |
|
|
|
TOTAL CURRENT LIABILITIES |
55.310.490,18 |
|
|
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
9.849.909,71 |
|
|
|
INTERCOMPANY DEBTS |
16.079.767,68 |
|
|
|
|
---------------- |
|
|
|
TOTAL LONG TERM LIABILITIES |
25.929.677,39 |
|
|
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
4.886.000,00 |
|
|
|
ACCRUED PROFIT (LOSS) |
2.309.003,30 |
|
|
|
PROFIT (LOSS) OF PERIOD |
7.765.015,52 |
|
|
|
|
---------------- |
|
|
|
TOTAL NET EQUITY |
14.960.018,82 |
|
|
|
|
================ |
|
|
|
TOTAL LIABILITIES |
96.200.186,39 |
|
|
|
PROFIT AND LOSS ACCOUNTS AS OF 31/05/2008. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/05/2008 |
|
|
|
|
|
|
|
|
GROSS SALES |
92.916.175,78 |
|
|
|
(-) TAXES ON SALES |
24.480.904,62 |
|
|
|
|
---------------- |
|
|
|
NET SALES |
68.435.271,16 |
|
|
|
(-) COST OF SOLD GOODS |
29.559.201,77 |
|
|
|
|
---------------- |
|
|
|
GROSS PROFIT |
38.876.069,39 |
|
|
|
OPERATING REVENUE (EXPENSE) |
-21.658.443,01 |
|
|
|
FINANCIAL REVENUE(EXPENSE) |
-5.495.935,27 |
|
|
|
|
---------------- |
|
|
|
OPERATIONAL PROFIT (LOSS) |
11.721.691,11 |
|
|
|
CONTRIBUTION/INCOME TAX |
-3.956.675,59 |
|
|
|
|
---------------- |
|
|
|
NET PROFIT (LOSS) |
7.765.015,52 |
|
|
|
MONTHLY SALES |
|||
|
|
2008 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 14.305.200,00 |
|
|
|
FEBRUARY |
R$ 15.448.600,00 |
|
|
|
MARCH |
R$ 15.423.000,00 |
|
|
|
APRIL |
R$ 16.031.100,00 |
|
|
|
MAY |
R$ 19.177.800,00 |
|
|
|
JUNE |
R$ 15.716.900,00 |
|
|
|
JULY |
R$ 18.694.100,00 |
|
|
|
AUGUST |
R$ 15.037.800,00 |
|
|
|
SEPTEMBER |
R$ 13.710.100,00 |
|
|
|
OCTOBER |
R$ 15.840.100,00 |
|
|
|
NOVEMBER |
R$ 14.520.200,00 |
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$
173.904.900,00 |
|
|
|
RATIOS: |
31/05/2008 |
|
|
|
QUICK RATIO |
,72 |
|
|
|
|
|
|
CURRENT RATIO |
1,01 |
|
|
|
|
|
|
ACCOUNTS RECEIVABLE TURNOVER |
1,10 |
TIMES |
|
|
|
|
|
DAYS' SALES IN RECEIVABLES |
136,50 |
DAYS |
|
|
|
|
|
INVENTORY TURNOVER |
1,86 |
TIMES |
|
|
|
|
|
ACCOUNTS PAYABLE PERIOD |
95,68 |
DAYS |
|
|
|
|
|
RETURN ON ASSETS |
,71 |
TIMES |
|
|
|
|
|
SALES TURNOVER ON NET EQUITY |
4,57 |
TIMES |
|
|
|
|
|
NET WORTH TIE-UP |
|
|
|
|
|
|
|
INDEBTEDNESS |
5,43 |
|
|
|
|
|
|
EQUITY RATIO |
15,55 |
% |
|
|
|
|
|
WORKING CAPITAL RATIO |
,76 |
% |
|
|
|
|
|
GENERAL SOLVENCY |
1,18 |
|
|
|
|
|
|
RETURN ON NET EQUITY |
51,91 |
% |
|
|
|
|
|
RETURN ON SALES (PROFIT MARGIN) |
11,35 |
% |
|
|
|
|
|
GROSS PROFIT MARGIN |
56,81 |
% |
|
|
|
|
|
OPERATIONAL RESULT |
17,13 |
% |
|
|
|
|
|
SALES TURNOVER ON LIABILITIES |
1,24 |
TIMES |
|
|
|
|
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,88 |
- OFFICIAL RATE ON 25/04/2012 |
|
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 INTERIM FIGURES FOR MAY 2008 STILL SHOW A SATISFACTORY FINANCIAL STANDING.
THE LEVEL OF INDEBTEDNESS IS STILL VERY HIGH AND THE CURRENT RATIO IMPROVED
SLIGHTLY AND NOW IS CONSIDERED SUFFICIENT TO EVEN UP THE SHORT TERM
LIABILITIES. IN ADDITION IT SHOWS PROFITABLE RESULTS. REMARKS: THE COMPANY WILL NOT SEND ANY UPDATED FINANCIAL DATA. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
15.000.000,00
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
INSURANCE
|
NOT AVAILABLE. |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
|
|
BANCO DO BRASIL S/A |
11 4523-4411 |
|
|
HSBC BANK BRASIL S/A |
19 3737-5706 |
|
|
BANCO SANTANDER (REAL) S/A |
19 3735-2476 |
|
|
BANCO FIBRA S/A |
11 2184-6682 |
|
|
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
|
THE SUBJECT IS ENGAGED IN THE MANUFACTURE OF LINEN BED, TABLE AND
BATH, AS WELL AS WOMEN'S UNDERCLOTHING, CURTAINS AND CARPETS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS
TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
NOT AVAILABLE. |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 736 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A RELATIVELY NEW AND WELL ESTABLISHED COMPANY,
OPERATING SINCE 2007, TAKING OVER THE ACTIVITIES OF A WELL-KNOWN AND
WELL-ESTABLISHED GROUP. SO FAR IT HAS A CLEAR TRADE HISTORY AND GOOD 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 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. THE PROTESTS ARE IRRELEVANT. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
BUETNNER S/A |
|
11 8182-5301 |
|
DAHRUJ S/A |
|
19 3461-2544 |
|
DUFLEX S/A |
|
19 2101-9562 |
|
FABRICA DA PEDRA S/A |
|
19 3461-0683 |
|
GOIA TEXTIL INDUSTRIA E COMERCIO |
|
11 8182-5301 |
|
NOVA AMERICA S/A |
|
19 3461-2544 |
|
TECELAGEM SÃO CARLOS S/A |
|
11 6978-4311 |
|
VINEPLAST EXPORTAÇÃO E IMPORTAÇÃO LTDA |
|
11 6291-0591 |
|
PAYMENT HISTORY: |
|
12 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 3.563.563,00 |
|
|
|
AMOUNT OF INVOICES PAID: 150 |
|
TOTAL OF PROMPT PAYMENTS: 96,8% |
|
TOTAL OF DELAYED PAYMENTS: 3,2% |
|
|
|
HIGHEST INVOICE: R$ 74.338,00 |
|
HIGHEST CREDIT: R$ 74.338,00 |
|
|
|
OUTSTANDING INVOICES DUE WITHIN THE NEXT 60 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
1 |
6 |
R$ 8.246,47 |
|
DUE WITHIN 60 DAYS |
1 |
1 |
R$ 503,06 |
|
ALL |
1 |
7 |
R$ 8.749,53 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY. UP TO DATE IT HAS 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. CREDITAMOUNT: US$ 1300000 THE SUBJECT IS BELIEVED TO BE WORTH OF THE REQUIRED CREDIT AMOUNT.
HOWEVER, IN THE ABSENCE OF UPDATED FINANCIAL DATA IT WOULD BE ADVISABLE SOME
CAUTION. IT WOULD BE RECOMMENDED REQUIRING A COLLATERAL OF THE CONTROLLING
COMPANIES. |
|
MMARTAN TEXTIL
LTDA |
|
|
|
BALANCE SHEET
ANALYSIS |
FIGURES ARE IN
REAIS |
|
|
|
31-05-08 |
|
|
ASSETS |
|
% |
|
Current Assets |
$
55,729,534 |
57.93 |
|
Fixed Assets |
$
21,825,950 |
22.69 |
|
TOTAL ASSETS |
$
96,200,186 |
100.00 |
|
LIABILITIES |
|
|
|
Current Liabilities |
$
55,310,490 |
57.50 |
|
Long-Term Liabilities |
$
25,929,677 |
26.95 |
|
TOTAL LIABILITIES |
$
81,240,168 |
84.45 |
|
Deferred Income |
$
- |
0.00 |
|
Net Equity |
$
14,960,019 |
15.55 |
|
TOTAL LIABILITIES + NET EQUITY |
$
96,200,186 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
Net Sales |
$
68,435,271 |
100.00 |
|
Costs |
$ 29,559,202 |
43.19 |
|
Gross Profit |
$
38,876,069 |
56.81 |
|
Operating expenses |
$
(21,658,443) |
-31.65 |
|
operational Result |
$
11,721,691 |
17.13 |
|
Net Profit (loss) |
$ 7,765,016 |
11.35 |
|
COMPLEMENTARY DATA |
|
|
|
Inventory |
$
15,890,035 |
|
|
Accounts receivable |
$
62,277,799 |
|
|
Accounts Payable |
$
18,854,115 |
|
|
Property, plant and equipment |
$ - |
|
|
Purchases |
$
21,825,950 |
|
|
Financial Expenses |
$
(5,495,935) |
|
|
Foreign Currency Assets |
|
|
|
Foreign Currency Liabilities |
|
|
|
Working Capital |
$ 419,043 |
|
|
RATIOS: |
|
|
|
QUICK RATIO |
0.72 |
|
|
CURRENT RATIO |
1.01 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
1.10 |
times |
|
DAYS' SALES IN RECEIVABLES |
136.50 |
days |
|
INVENTORY TURNOVER |
1.86 |
times |
|
ACCOUNTS PAYABLE PERIOD |
95.68 |
days |
|
RETURN ON ASSETS |
0.71 |
times |
|
SALES TURNOVER ON NET EQUIY |
4.57 |
times |
|
NET WORTH TIE-UP |
- |
|
|
ENDEBTEDNESS |
5.43 |
|
|
EQUITY RATIO |
15.55 |
% |
|
WORKING CAPITAL RATIO |
0.76 |
% |
|
GENERAL SOLVENCY |
1.18 |
|
|
RETURN ON NET EQUITY |
51.91 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
11.35 |
% |
|
GROSS PROFIT MARGIN |
56.81 |
% |
|
OPERATIONAL RESULT |
17.13 |
% |
|
SALES TURNOVER ON LIABILITIES |
1.24 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
|
FOREIGN CURRENCY ON LIABILITIES |
- |
% |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.68 |
|
|
1 |
Rs.85.12 |
|
Euro |
1 |
Rs.69.38 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.