MIRA
INFORM REPORT
|
Report Date : |
04.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
TROP COMÉRCIO EXTERIOR LTDA |
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Formerly Known As : |
TROP COMPANHIA DE COMÉRCIO EXTERIOR |
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Registered Office : |
Avenida Jeronimo Monteiro, 1000 Edifício Trade Center, Salas 1718/1720/1722/1724 – Centro, Zip Code 29.010-002 - Vitória/Es |
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Country : |
Brazil |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
05.03.1996 |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale, import and export of food products and pharmaceuticals, sport goods and wearing apparel, stationery and toys, fabrics, yarns, footwear and leather articles, hygiene, cleaning and beauty products, medicaments, perfumery and cosmetics, plants, flowers and seeds, books, magazines, furniture and utensils, machinery, parts, tires, tractors, motor vehicles, agricultural implements, ships, aircrafts, helicopters, construction materials etc. |
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No. of Employees : |
160 Employees |
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 : |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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
TROP COMÉRCIO
EXTERIOR LTDA
company ADDRESSES
|
MAIN ADDRESS: |
AVENIDA JERONIMO MONTEIRO, 1000 EDIFÍCIO TRADE CENTER, SALAS
1718/1720/1722/1724 - CENTRO |
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ZIP CODE/CITY: |
29.010-002 - VITÓRIA/ES |
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PHONE: |
27 3224-2424 |
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FAX: |
27 3224-2424 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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ADDRESS: |
RUA JOÃO BAUER, 498 SALAS 802, 803 E 804 - CENTRO |
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ZIP CODE/CITY: |
88301-500 ITAJAÍ/SC |
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PHONE: |
47 3045-3888 |
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CNPJ: |
01.135.153/0003-70 |
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STATE REGISTER: |
255.182.929 |
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ADDRESS: |
AVENIDA DAS NAÇÕES UNIDAS, 10989 12º ANDAR CONJUNTO 121 VILA OLIMPIA |
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ZIP CODE/CITY: |
04578-900 SÃO PAULO/SP |
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PHONE: |
11 2162-1442 |
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FAX: |
11 2162-1442 |
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CNPJ: |
01.135.153/0002-90 |
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STATE REGISTER: |
114.959.788.117 |
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ADDRESS: |
RUA CARLOS GOMES, 121 - LOJA 1 - MADALENA |
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ZIP CODE/CITY: |
50720-110 RECIFE/PE |
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CNPJ: |
01.135.153/0004-51 |
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STATE REGISTER: |
037793780 |
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ADDRESS: |
RODOVIA BR 101 NORTE CONTORNO KM 281,3 ARMAZÉM 8 PORTO ENGENHO |
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ZIP CODE/CITY: |
29158-001 CARIACICA/ES |
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CNPJ: |
01.135.153/0006-13 |
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STATE REGISTER: |
082692947 |
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ADDRESS: |
AVENIDA LO-03 Nº.89 CENTRO COMERCIAL WILSON VAZ 104 SUL - PLANO
DIRETOR SUL |
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ZIP CODE/CITY: |
77020-028 PALMAS/TO |
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CNPJ: |
01.135.153/0005-32 |
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STATE REGISTER: |
29421789-4 |
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ADDRESS: |
RUA DAS PERNAMBUCANAS, 407 SALA 901 - BAIRRO DAS GRAÇAS |
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ZIP CODE/CITY: |
52011-180 RECIFE/PE |
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ADDRESS: |
AVENIDA MAX LEBOWSKI, S/Nº ROCIO GRANDE |
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ZIP CODE/CITY: |
89240-000 SÃO FRANCISCO DO SUL/SC |
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ADDRESS: |
AVENIDA NOSSA SENHORA DE FATIMA, 1843 SALA 114 - TORRE |
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ZIP CODE/CITY: |
58040-380 JÃO PESSOA/PB |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
WHOLESALE, IMPORT AND EXPORT OF PRODUCTS. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
05/03/1996 |
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REGISTER DATE: |
09/04/1996 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
01.135.153/0001-09 |
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STATE REGISTER: |
081.799.46-2 |
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SHARE CAPITAL: |
R$ 2.700.000,00 |
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LAST REGISTER OF CAPITAL: |
26/05/2004 |
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BOARD OF
DIRECTORS: |
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ALAN GOLDLUST |
PRESIDENT DIRECTOR |
|
SÉRGIO VLADIMIRSCHI JUNIOR |
VICE-PRESIDENT DIRECTOR |
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ROBERTO AMADEU MILANI |
VICE-PRESIDENT DIRECTOR |
|
NELSON MORENO |
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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CATUOCA PARTICIPAÇÕES LTDA |
99,99% |
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ALAN GOLDLUST |
0,01% |
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AFFILIATES /
SUBSIDIARIES: |
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|
|
|
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COLORMAQ IMPORTADORA E EXPORTADORA LTDA |
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FERTILOG INDUSTRIA E COMERCIO DE FERTILIZANTES |
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PONTO.LOG ARMAZENS GERAIS LTDA |
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COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON MARCH 05, 1996 AS COMEXPORT TRADING
LTDA TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON SEPTEMBER 23, 1998 IT
ALTERED TO TROP COM. EXTERIOR LTDA. ON NOVEMBER 30, 1998 IT ALTERED TO TROP
COMPANHIA DE COMÉRCIO EXTERIOR. ON MAY 16, 2007 IT ADOPTED THE ABOVE-MENTIONED
STYLE. TRADE NAME: "TROP". PARTNERS: CATUOCA PARTICIPAÇÕES LTDA: REGISTRATION # CNPJ 07.746.336/0001-47,
HEADQUARTERED AT AVENIDA DAS NAÇÕES UNIDAS, 10989, 12º ANDAR, SALA 1, VILA
OLIMPIA, ZIP CODE 04578-900, SÃO PAULO/SP; ALAN GOLDLUST: BRAZILIAN, MARRIED, PRODUCTION ENGINEER, HOLDER OF
DOCUMENTS CPF 084.731.328-07, RG 6.953.464, RESIDENTIAL ADDRESS AT RUA
PROFESSOR ALVARO GUERRA, 67, JARDIM EUROPA, ZIP CODE 01450-070, SÃO PAULO/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
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PUBLIC INFORMATION: |
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PROTESTS: |
|
3 PROTESTS,TOTAL AMOUNT R$
6.430,85 |
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DETAILS OF LATEST PROTESTS: |
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NOTARY OFFICE: |
DATE: |
VALUE: |
|
2º CARTÓRIO DE SC-ITAJAI |
16/03/2010 |
R$ 6.301,34 |
|
3º CARTÓRIO DE SC-ITAJAI |
16/06/2012 |
R$ 75,92 |
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2º CARTÓRIO DE SC-ITAJAI |
29/06/2012 |
R$ 53,59 |
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LAWSUITS: |
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|
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|
DATE: |
COURT OF LAW: |
|
1 |
MONITORY SUIT |
31/12/10 |
9º VARA DE SAO PAULO - CENTRAL |
FINANCIAL INFORMATION
|
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 |
17.604 |
33.029 |
31.746 |
|
CLIENTS |
117.853 |
77.621 |
81.569 |
|
INVENTORY |
191.131 |
143.184 |
97.133 |
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RECOVERABLE TAXES |
1.323 |
1.768 |
6.091 |
|
OTHER CREDITS |
44.288 |
37.087 |
53.174 |
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CREDIT WITH RELATED PARTIES |
11.367 |
21.637 |
29.671 |
|
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---------------- |
---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
383.566 |
314.326 |
299.384 |
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LONG-TERM
RECEIVABLES: |
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|
|
|
|
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|
|
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INTERCOMPANY CREDITS |
|
424 |
1.547 |
|
JUDICIAL DEPOSITS |
1.310 |
929 |
668 |
|
INVESTMENTS |
11.008 |
9.660 |
8.525 |
|
DEFERRED TAXES |
7.392 |
3.846 |
4.050 |
|
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---------------- |
---------------- |
---------------- |
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TOTAL LONG-TERM RECEIVABLES |
19.710 |
14.859 |
14.790 |
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FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
690 |
867 |
890 |
|
INTANGIBLE |
33 |
51 |
69 |
|
|
---------------- |
---------------- |
---------------- |
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TOTAL FIXED ASSETS |
723 |
918 |
959 |
|
|
================ |
================ |
================ |
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TOTAL ASSETS |
403.999 |
330.103 |
315.133 |
|
LIABILITIES: |
|
|
|
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CURRENT: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
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SUPPLIERS |
134.190 |
106.148 |
100.887 |
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LOANS AND FINANCING |
80.206 |
37.561 |
44.916 |
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SOCIAL / LABOR OBLIGATIONS |
2.444 |
1.871 |
1.542 |
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TRIBUTARY OBLIGATIONS |
15.113 |
18.845 |
10.637 |
|
ACCOUNTS PAYABLE |
679 |
1.396 |
78 |
|
DEBT WITH RELATED PARTIES |
8.773 |
19.570 |
44.907 |
|
OTHER DEBTS |
6.152 |
7.658 |
19.091 |
|
|
---------------- |
---------------- |
---------------- |
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TOTAL CURRENT LIABILITIES |
247.557 |
193.049 |
222.058 |
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LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
RELATED COMPANIES |
25.783 |
23.014 |
22.028 |
|
LOANS AND FINANCING |
30.007 |
30.073 |
33.556 |
|
PROVISION FOR CONTINGENCIES |
1.360 |
1.360 |
1.505 |
|
DEFERRED TAXES |
2.494 |
177 |
2.511 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
59.644 |
54.624 |
59.600 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
2.700 |
2.700 |
2.700 |
|
LEGAL RESERVES |
235 |
235 |
235 |
|
PROFIT RESERVES |
375 |
375 |
375 |
|
ACCRUED PROFIT (LOSS) |
93.488 |
79.120 |
30.165 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
96.798 |
82.430 |
33.475 |
|
|
================ |
================ |
================ |
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TOTAL LIABILITIES |
403.999 |
330.103 |
315.133 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2011, 31/12/2010 AND 31/12/2009. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
NET SALES |
1.184.641 |
1.181.776 |
991.658 |
|
(-) COST OF SOLD GOODS |
1.040.151 |
1.013.228 |
860.015 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
144.490 |
168.548 |
131.643 |
|
OPERATING REVENUE (EXPENSE) |
-61.932 |
-51.265 |
-69.335 |
|
FINANCIAL REVENUE(EXPENSE) |
-16.816 |
-20.645 |
-14.520 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
65.742 |
96.638 |
47.788 |
|
CONTRIBUTION/INCOME TAX |
-24.537 |
-31.760 |
-15.766 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
41.205 |
64.878 |
32.022 |
|
MONTHLY SALES |
|||
|
|
2011 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 84.818.830,63 |
|
|
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FEBRUARY |
R$
121.210.790,33 |
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|
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MARCH |
R$
119.265.871,96 |
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|
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APRIL |
R$ 92.417.787,09 |
|
|
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MAY |
R$
113.688.603,29 |
|
|
|
JUNE |
R$
137.258.311,20 |
|
|
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JULY |
R$
127.269.921,71 |
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|
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AUGUST |
R$ 87.526.074,47 |
|
|
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SEPTEMBER |
R$
122.424.112,23 |
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|
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OCTOBER |
|
|
|
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NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
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TOTAL |
R$
1.005.880.302,91 |
|
|
|
RATIOS: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
QUICK RATIO |
,78 |
|
,89 |
|
,91 |
|
|
CURRENT RATIO |
1,55 |
|
1,63 |
|
1,35 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
10,05 |
TIMES |
15,23 |
TIMES |
12,16 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
35,81 |
DAYS |
23,65 |
DAYS |
29,61 |
DAYS |
|
INVENTORY TURNOVER |
5,44 |
TIMES |
7,08 |
TIMES |
8,85 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
46,44 |
DAYS |
37,71 |
DAYS |
42,23 |
DAYS |
|
RETURN ON ASSETS |
2,93 |
TIMES |
3,58 |
TIMES |
3,15 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
12,24 |
TIMES |
14,34 |
TIMES |
29,62 |
TIMES |
|
NET WORTH TIE-UP |
,01 |
|
,01 |
|
,03 |
|
|
INDEBTEDNESS |
3,17 |
|
3,00 |
|
8,41 |
|
|
EQUITY RATIO |
23,96 |
% |
24,97 |
% |
10,62 |
% |
|
WORKING CAPITAL RATIO |
54,94 |
% |
62,82 |
% |
34,82 |
% |
|
GENERAL SOLVENCY |
1,32 |
|
1,33 |
|
1,12 |
|
|
RETURN ON NET EQUITY |
42,57 |
% |
78,71 |
% |
95,66 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
3,48 |
% |
5,49 |
% |
3,23 |
% |
|
GROSS PROFIT MARGIN |
12,20 |
% |
14,26 |
% |
13,28 |
% |
|
OPERATIONAL RESULT |
5,55 |
% |
8,18 |
% |
4,82 |
% |
|
SALES TURNOVER ON LIABILITIES |
4,79 |
TIMES |
6,12 |
TIMES |
4,47 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,01 |
- OFFICIAL RATE ON 27/07/2012 |
|
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 FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING. THE
LEVEL OF INDEBTEDNESS KEEPS VERY HIGH BUT IT HAS GOOD CURRENT RATIO AND
POSITIVE WORKING CAPITAL, CONSIDERED SUFFICIENT TO COVER THE SHORT-TERM
LIABILITIES. IN ADDITION, SALES GREW SLIGHTLY BUT IS STILL VERY HIGH AND THE
OPERATIONS ARE PROFITABLE. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 120.000,00
|
MACHINES: |
NOT AVAILABLE
INSURANCE
|
THE SUBJECT IS SAID TO HOLD INSURANCE POLICIES BUT DETAILS WERE NOT
DISCLOSED. |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO DO BRASIL S/A |
11 2128-7163 |
SÃO PAULO/SP |
|
BANCO BRADESCO S/A |
11 2178-4662 |
SÃO PAULO/SP |
|
BANCO DO BRASIL AG |
(43-151) 266 6312 |
VIENA, AUSTRIA |
|
BANCO SAFRA S/A |
11 3175-8184 |
SÃO PAULO/SP |
|
HSBC BANK BRASIL S/A |
11 3847-5198 |
SÃO PAULO/SP |
|
BANCO FIBRA S/A |
11 2184-6840 |
SÃO PAULO/SP |
|
BANCO ABC BRASIL S/A |
11 3170-2232 |
SÃO PAULO/SP |
|
BANCO ITAÚ BBA |
11 3708-8104 |
SÃO PAULO/SP |
|
BANCO SANTANDER (BRASIL) S/A |
11 5538-5828 |
SÃO PAULO/SP |
|
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 WHOLESALE, IMPORT AND EXPORT OF FOOD
PRODUCTS AND PHARMACEUTICALS, SPORT GOODS AND WEARING APPAREL, STATIONERY AND
TOYS, FABRICS, YARNS, FOOTWEAR AND LEATHER ARTICLES, HYGIENE, CLEANING AND
BEAUTY PRODUCTS, MEDICAMENTS, PERFUMERY AND COSMETICS, PLANTS, FLOWERS AND
SEEDS, BOOKS, MAGAZINES, FURNITURE AND UTENSILS, MACHINERY, PARTS, TIRES,
TRACTORS, MOTOR VEHICLES, AGRICULTURAL IMPLEMENTS, SHIPS, AIRCRAFTS,
HELICOPTERS, CONSTRUCTION MATERIALS ETC. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
CZECH REPUBLIC, AUSTRIA, GERMANY, KOREA, ENGLAND, INDIA, RUSSIA,
CHINA, POLAND, UNITED STATES, BELGIUM, ARGENTINA, ITALY AND OTHERS. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
AGENDAS POMBO LEDIBERG LTDA |
|
|
|
ALCATEL TELECOMUNICAÇÕES S/A |
|
|
|
ALL -AMERICA LATINA LOGISTICA |
|
|
|
APPLE DO BRASIL |
|
|
|
BFR -BRASIL FERROVIAS |
|
|
|
BUNGE FERTILIZANTES |
|
|
|
CARGIL FERFILIZANTES |
|
|
|
ELGIM S/A |
|
|
|
ELUMA S/A |
|
|
|
FAX POINT IND IMP E EXPORTAÇÃO LTDA |
|
|
|
FERTILIZANTES HERINGER |
|
|
|
INGRAM MICRO DO BRASIL LTDA |
|
|
|
RIO DE JANEIRO RESFRECOS S/A |
|
|
|
SOLECTRON INDÚSTRIA E COMÉRCIO |
|
|
|
TECELAGEM HUDTELFA LTDA |
|
|
|
VICUNHA TEXTIL S/A |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 160 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT WAS ESTABLISHED IN 1996. SO FAR IT OPERATES WITH HIGH
SCALE OF ACTIVITIES, A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEMS ARE NOTED.
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 AS THE SUBJECT'S MAIN SUPPLIERS ARE FOREIGN
COMPANIES. THE PROTESTS FOUND DO NOT AFFECT ITS REPUTATION |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
|
|
VALE S/A |
|
|
|
FOREIGN SUPPLIERS: |
COUNTRY: |
|
|
ALCATEL BELL N V S A |
BELGIUM |
|
|
DELTA COMPRESION SRL |
ARGENTINA |
|
|
EMC IRELAND |
IRELAND |
|
|
LEDIBERG SPA |
ITALY |
|
|
LI PENG ENTERPRISE CO |
CHINA |
|
|
MORAVIA STEEL AS |
CZECH REPUBLIC |
|
|
PLASSER & THEURER |
AUSTRIA |
|
|
PULAWY SA ZAKLADY AZOTOWE |
POLAND |
|
|
RAFAMET |
GEMANY |
|
|
RELIANCE INDUSTRIES LTD |
INDIA |
|
|
ROBEL BAUHMASCHINEM GMBH |
GERMANY/AUSTRIA |
|
|
SINORAILS - CHINA RAILWAY MATERIALS AND SUPPLY CO |
CHINA |
|
|
SOLECTRON INTERNACIONAL DISTRIBUTION INC |
UNITED STATES |
|
|
TAE KWANG IND CO LTD |
KOREA |
|
|
TRACKMOBILE |
ENGLAND |
|
|
ZHEJIANG YUANDONG NEW POLYESTER CO LTD |
CHINA |
|
|
PAYMENT HISTORY: |
|
02 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 79.094,00 |
|
|
|
AMOUNT OF INVOICES PAID: 7 |
|
TOTAL OF PROMPT PAYMENTS: 94,9% |
|
TOTAL OF DELAYED PAYMENTS: 5,1% |
|
|
|
HIGHEST INVOICE: R$ 56.213,00 |
|
HIGHEST CREDIT: R$ 56.213,00 |
FINAL OPINION
|
THE SUBJECT HAS BEEN IN
BUSINESS SINCE 1996. UP TO DATE IT HAS CLEAR TRADE HISTORY AND NO ADVERSE
INFORMATION IS NOTED. 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 |
|
|
|
||
|
|
31/12/2011 |
|
31/12/2010 |
|
31/12/2009 |
|
|
ASSETS |
|
% |
|
% |
|
% |
|
Current Assets |
94.94 |
$ 314,326 |
95.22 |
$
299,384 |
95.00 |
|
|
Fixed Assets |
$ 723 |
0.18 |
$ 918 |
0.28 |
$ 959 |
0.30 |
|
TOTAL ASSETS |
$ 403,999 |
100.00 |
$ 330,103 |
100.00 |
$
315,133 |
100.00 |
|
LIABILITIES |
|
|
|
|
|
|
|
Current Liabilities |
$ 247,557 |
61.28 |
$ 193,049 |
58.48 |
$
222,058 |
70.46 |
|
Long-Term Liabilities |
$ 59,644 |
14.76 |
$ 54,624 |
16.55 |
$ 59,600 |
18.91 |
|
TOTAL LIABILITIES |
$ 307,201 |
76.04 |
$ 247,673 |
75.03 |
$
281,658 |
89.38 |
|
Deferred Income |
$ - |
0.00 |
$ - |
0.00 |
$ - |
0.00 |
|
Net Equity |
$ 96,798 |
23.96 |
$ 82,430 |
24.97 |
$ 33,475 |
10.62 |
|
TOTAL LIABILITIES + NET EQUITY |
$ 403,999 |
100.00 |
$ 330,103 |
100.00 |
$
315,133 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
|
|
|
Net Sales |
$ 1,184,641 |
100.00 |
$ 1,181,776 |
100.00 |
$
991,658 |
100.00 |
|
Costs |
$ 1,040,151 |
87.80 |
$ 1,013,228 |
85.74 |
$
860,015 |
86.72 |
|
Gross Profit |
$ 144,490 |
12.20 |
$ 168,548 |
14.26 |
$
131,643 |
13.28 |
|
Operating expenses |
$
(61,932) |
-5.23 |
$ (51,265) |
-4.34 |
$ (69,335) |
-6.99 |
|
operational Result |
$ 65,742 |
5.55 |
$ 96,638 |
8.18 |
$ 47,788 |
4.82 |
|
Net Profit (loss) |
$ 41,205 |
3.48 |
$ 64,878 |
5.49 |
$ 32,022 |
3.23 |
|
COMPLEMENTARY DATA |
|
|
|
|
|
|
|
Inventory |
$ 191,131 |
|
$ 143,184 |
|
$ 97,133 |
|
|
Accounts receivable |
$ 117,853 |
|
$ 77,621 |
|
$ 81,569 |
|
|
Accounts Payable |
$ 134,190 |
|
$ 106,148 |
|
$
100,887 |
|
|
Property, plant and equipment |
$ 690 |
|
$ 867 |
|
$ 890 |
|
|
Purchases |
$ 723 |
|
$ 918 |
|
$ 959 |
|
|
Financial Expenses |
$ (16,816) |
|
$ (20,645) |
|
$ (14,520) |
|
|
Foreign Currency Assets |
|
|
|
|
|
|
|
Foreign Currency Liabilities |
|
|
|
|
|
|
|
Working Capital |
$ 136,009 |
|
$ 121,277 |
|
$ 77,326 |
|
|
RATIOS: |
|
|
|
|
|
|
|
QUICK RATIO |
0.78 |
|
0.89 |
|
0.91 |
|
|
CURRENT RATIO |
1.55 |
|
1.63 |
|
1.35 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
10.05 |
times |
15.22 |
times |
12.16 |
times |
|
DAYS' SALES IN RECEIVABLES |
35.81 |
days |
23.65 |
days |
29.61 |
days |
|
INVENTORY TURNOVER |
5.44 |
times |
7.08 |
times |
8.85 |
times |
|
46.44 |
days |
37.71 |
days |
42.23 |
days |
|
|
RETURN ON ASSETS |
2.93 |
times |
3.58 |
times |
3.15 |
times |
|
SALES TURNOVER ON NET EQUIY |
12.24 |
times |
14.34 |
times |
29.62 |
times |
|
NET WORTH TIE-UP |
0.01 |
|
0.01 |
|
0.03 |
|
|
ENDEBTEDNESS |
3.17 |
|
3.00 |
|
8.41 |
|
|
EQUITY RATIO |
23.96 |
% |
24.97 |
% |
10.62 |
% |
|
WORKING CAPITAL RATIO |
54.94 |
% |
62.82 |
% |
34.82 |
% |
|
GENERAL SOLVENCY |
1.32 |
|
1.33 |
|
1.12 |
|
|
RETURN ON NET EQUITY |
42.57 |
% |
78.71 |
% |
95.66 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
3.48 |
% |
5.49 |
% |
3.23 |
% |
|
GROSS PROFIT MARGIN |
12.20 |
% |
14.26 |
% |
13.28 |
% |
|
OPERATIONAL RESULT |
5.55 |
% |
8.18 |
% |
4.82 |
% |
|
SALES TURNOVER ON LIABILITIES |
4.79 |
times |
6.12 |
times |
4.47 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
- |
% |
- |
% |
|
FOREIGN CURRENCY ON LIABILITIES |
- |
% |
- |
% |
- |
% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.08 |
|
UK Pound |
1 |
Rs.87.03 |
|
Euro |
1 |
Rs.68.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.