MIRA
INFORM REPORT
|
Report Date : |
17.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
INDÚSTRIA E COMÉRCIO DE MALHAS RVB LTDA. |
|
|
|
|
Formerly Known As : |
COMERCIO E REPRESENTAÇÕES DE MALHAS RVB LTDA |
|
|
|
|
Registered Office : |
Rua Abraão De Souza E Silva, 750 - Bateas , Zip Code 88355-570 - Brusque/Sc |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
01.09.1991 |
|
|
|
|
Com. Reg. No.: |
Not Available |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of mesh fabrics, retail and wholesale trade of meshes,
rendering of services in the textile field and commercial representation |
|
|
|
|
No. of Employees : |
378 employees |
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 |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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
INDÚSTRIA E
COMÉRCIO DE MALHAS RVB LTDA.
company ADDRESSES
|
MAIN ADDRESS: |
RUA ABRAÃO DE SOUZA E SILVA, 750 - BATEAS |
|
ZIP CODE/CITY: |
88355-570 - BRUSQUE/SC |
|
|
|
|
PHONE: |
47 3211-6666 |
|
FAX: |
47 3211-6501 |
|
E-MAIL: |
|
|
WEB SITE: |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA OSVALDO NIEBUHR,115 - NOVA BRASÍLIA |
|
ZIP CODE/CITY: |
88352-191 BRUSQUE/SC |
|
CNPJ: |
83.203.992/0005-05 |
|
STATE REGISTER: |
256.106.665 |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF MESH FABRICS, RETAIL AND WHOLESALE TRADE OF MESHES,
RENDERING OF SERVICES IN THE TEXTILE FIELD AND COMMERCIAL REPRESENTATION. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
01/09/1991 |
|
REGISTER DATE: |
01/07/1991 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
83.203.992/0001-81 |
|
STATE REGISTER: |
252.237.854 |
|
|
|
|
SHARE CAPITAL: |
R$ 11.158.000,00 |
|
LAST REGISTER OF CAPITAL: |
12/12/2011 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
EUCLIDES GERMANO BENVENUTI |
MANAGING PARTNER |
|
RENATO JOSÉ BENVENUTI |
MANAGING PARTNER |
AUTHORIZED USE OF SIGNATURE
|
THE MANAGING PARTNER ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
EUCLIDES GERMANO BENVENUTI |
79,86% |
|
VALÉRIA ANTÔNIA BENVENUTI |
20,00% |
|
RENATO JOSÉ BENVENUTI |
0,04% |
|
VÍTOR CÉSAR BENVENUTI |
0,04% |
|
EUCLIDES GERMANO BENVENUTI JÚNIOR |
0,02% |
|
ANA JÚLIA BENVENUTI |
0,02% |
|
FELIPE BENVENUTI |
0,02% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
BENVENTEX TÊXTIL LTDA |
|
|
CEPEG CENTRO DE PERFORMANCE DA ACADEMIA GAIVOTA LTDA ME |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS
ESTABLISHED ON SEPTEMBER 01, 1991 TO BE ENGAGED IN THE SAID LINE OF BUSINESS
AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED
HEREIN. ON AUGUST 16, 2000 THE SUBJECT CHANGED ITS CORPORATE NAME FROM
COMERCIO E REPRESENTAÇÕES DE MALHAS RVB LTDA TO THE PRESENT REGISTERED ONE. PARTNERS: EUCLIDES GERMANO BENVENUTI: BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS
CPF 104.134.569-00, RG 3/R 104.783 SSI-SC RESIDENTIAL ADDRESS AT AV.
ATLANTICA 3.330, APTO 902, BALNEARIO CAMBORIU/SC. VALÉRIA ANTÔNIA BENVENUTI: BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS CPF
723.728.859-87, RG 3/R 523.910 SSI-SC RESIDENTIAL ADDRESS AT AV. ATLANTICA
3.330, APTO 902, BALNEARIO CAMBORIU/SC. RENATO JOSÉ BENVENUTI: BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS CPF
705.487.739-04, RG 1.603.813-4 SSI-SC RESIDENTIAL ADDRESS AT RUA JOSE ZEN
140, BRUSQUE/SC. VÍTOR CÉSAR BENVENUTI: BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS CPF
712.551.099-04, RG 17/R 1.608.961 SSI-SC RESIDENTIAL ADDRESS AT RUA MELCHIOR
HEIL 20, BRUSQUE/SC. EUCLIDES GERMANO BENVENUTI JÚNIOR: BRAZILIAN, SINGLE, HOLDER OF
DOCUMENTS CPF 017.467.349-30, RG 16/R-2.725.768 SSI-SC RESIDENTIAL ADDRESS AT
AV. ATLANTICA 3.330, APTO 902, BALNEARIO CAMBORIU/SC. ANA JÚLIA BENVENUTI: BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS CPF
027.842.969-62, RG 16/R 2.830.899 SSI-SC RESIDENTIAL ADDRESS AT RUA ATILIO
BATTISTORI 80, BRUSQUE/SC. FELIPE BENVENUTI: BRAZILIAN, SINGLE, HOLDER OF DOCUMENTS CPF
029.784.119-02, RG 3.194.417-5 SSI-SC RESIDENTIAL ADDRESS AT AV. ATLANTICA
3.330, APTO 902, BALNEARIO CAMBORIU/SC. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 31/12/2011, 31/12/2010 AND 31/12/2009. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
CASH AND CASH EQUIVALENTS |
1.018.912,58 |
1.436.837,00 |
794.745,00 |
|
CLIENTS |
24.738.601,64 |
20.557.848,00 |
17.742.896,00 |
|
INVENTORY |
13.849.165,35 |
14.541.378,00 |
11.808.715,00 |
|
RECOVERABLE TAXES |
1.692.809,11 |
2.002.526,00 |
209.604,00 |
|
OTHER CREDITS |
1.176.667,84 |
856.631,00 |
962.535,00 |
|
PRE PAID EXPENSES |
|
58.711,00 |
42.918,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
42.476.156,52 |
39.453.931,00 |
31.561.413,00 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
JUDICIAL DEPOSITS |
5.531,50 |
2.500,00 |
|
|
RECOVERABLE TAXES |
2.933.637,06 |
2.815.277,00 |
|
|
DEFERRED TAXES |
|
450.146,00 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
2.939.168,56 |
3.267.923,00 |
|
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
|
11.260,00 |
|
|
FIXED ASSETS |
56.737.330,58 |
52.255.114,00 |
34.860.201,00 |
|
INTANGIBLE |
|
458.636,00 |
431.072,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
56.737.330,58 |
52.725.010,00 |
35.291.273,00 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
102.152.655,66 |
95.446.864,00 |
66.852.686,00 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
LOANS AND FINANCING |
16.237.434,22 |
8.202.197,00 |
5.572.331,00 |
|
SUPPLIERS |
11.733.815,03 |
12.996.437,00 |
7.301.766,00 |
|
LABOR OBLIGATIONS |
1.943.992,30 |
1.067.803,00 |
483.856,00 |
|
TRIBUTARY OBLIGATIONS |
457.806,23 |
507.406,00 |
313.898,00 |
|
INCOME TAX/SOCIAL CONTRIBUTION |
|
53,00 |
673.961,00 |
|
INTERESTS ON OWN CAPITAL |
1.073.155,40 |
1.521.500,00 |
|
|
OTHER DEBTS |
105.518,58 |
440.741,00 |
11.742,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
31.551.721,76 |
24.736.137,00 |
14.357.554,00 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
16.579.989,15 |
17.970.362,00 |
420.634,00 |
|
TRIBUTARY OBLIGATIONS |
7.416.584,64 |
7.532.384,00 |
7.532.384,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
23.996.573,79 |
25.502.746,00 |
7.953.018,00 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
11.158.000,00 |
2.660.000,00 |
2.560.000,00 |
|
CAPITAL RESERVES |
294.027,89 |
6.241.147,00 |
4.786.523,00 |
|
RESERVES/TAX INCENTIVES |
798.433,13 |
|
|
|
PROFIT RESERVES |
19.956.999,60 |
21.685.148,00 |
22.573.905,00 |
|
OTHER COMPREHENSIVE INCOME |
14.396.899,49 |
14.621.686,00 |
14.621.686,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
46.604.360,11 |
45.207.981,00 |
44.542.114,00 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
102.152.655,66 |
95.446.864,00 |
66.852.686,00 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2011, 31/12/2010 AND 31/12/2009. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
GROSS SALES |
88.390.753,45 |
|
|
|
(-) TAXES ON SALES |
20.896.058,79 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
67.494.694,66 |
52.713.903,00 |
52.712.987,00 |
|
(-) COST OF SOLD GOODS |
56.756.491,63 |
45.100.997,00 |
43.160.670,00 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
10.738.203,03 |
7.612.906,00 |
9.552.317,00 |
|
OPERATING REVENUE (EXPENSE) |
-8.422.324,78 |
-6.040.938,00 |
-686.271,00 |
|
FINANCIAL REVENUE(EXPENSE) |
-3.459.016,72 |
-2.910.871,00 |
-45.006,00 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
-1.143.138,47 |
-1.338.903,00 |
8.821.040,00 |
|
CONTRIBUTION/INCOME TAX |
563.486,31 |
450.146,00 |
-2.218.365,00 |
|
INTERESTS ON OWN CAPITAL |
2.964.365,15 |
1.790.000,00 |
|
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
2.384.712,99 |
901.243,00 |
6.602.675,00 |
|
MONTHLY SALES |
|||
|
|
2012 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 6.567.875,41 |
|
|
|
FEBRUARY |
R$ 8.436.204,10 |
|
|
|
MARCH |
R$ 10.020.229,05 |
|
|
|
APRIL |
R$ 9.115.770,61 |
|
|
|
MAY |
R$ 10.157.792,63 |
|
|
|
JUNE |
R$ 8.947.858,67 |
|
|
|
JULY |
R$ 10.203.529,52 |
|
|
|
AUGUST |
|
|
|
|
SEPTEMBER |
|
|
|
|
OCTOBER |
|
|
|
|
NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$ 63.449.259,99 |
|
|
|
RATIOS: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
QUICK RATIO |
,91 |
|
1,01 |
|
1,38 |
|
|
CURRENT RATIO |
1,35 |
|
1,60 |
|
2,20 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
2,73 |
TIMES |
2,56 |
TIMES |
2,97 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
131,95 |
DAYS |
140,40 |
DAYS |
121,17 |
DAYS |
|
INVENTORY TURNOVER |
4,10 |
TIMES |
3,10 |
TIMES |
3,66 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
74,43 |
DAYS |
103,74 |
DAYS |
60,90 |
DAYS |
|
RETURN ON ASSETS |
,66 |
TIMES |
,55 |
TIMES |
,79 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
1,45 |
TIMES |
1,17 |
TIMES |
1,18 |
TIMES |
|
NET WORTH TIE-UP |
1,22 |
|
1,16 |
|
,78 |
|
|
INDEBTEDNESS |
1,19 |
|
1,11 |
|
,50 |
|
|
EQUITY RATIO |
45,62 |
% |
47,36 |
% |
66,63 |
% |
|
WORKING CAPITAL RATIO |
34,62 |
% |
59,50 |
% |
119,82 |
% |
|
GENERAL SOLVENCY |
1,84 |
|
1,90 |
|
3,00 |
|
|
RETURN ON NET EQUITY |
5,12 |
% |
1,99 |
% |
14,82 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
3,53 |
% |
1,71 |
% |
12,53 |
% |
|
GROSS PROFIT MARGIN |
15,91 |
% |
14,44 |
% |
18,12 |
% |
|
OPERATIONAL RESULT |
-1,69 |
% |
-2,54 |
% |
16,73 |
% |
|
SALES TURNOVER ON LIABILITIES |
2,14 |
TIMES |
2,13 |
TIMES |
3,67 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,02 |
- OFFICIAL RATE ON 13/08/2012 |
|
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
AVAILABLE SHOW A FAIR FINANCIAL STANDING. THE LEVEL OF INDEBTEDNESS IS SOMEHOW HIGH
BUT IT HAS GOOD CURRENT RATIO AND POSITIVE WORKING CAPITAL, CONSIDERED
SUFFICIENT TO COVER THE SHORT TERM DEBTS. FURTHER, IT SHOWS GROWING SALES AND
PROFITABILITY. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 6.612.175,84
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 708.034,31
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 23.638.073,59
INSURANCE
|
INSURANCE COMPANY: |
GENERALI - BRASIL SEGUROS |
|
COVERAGE: |
FIRE / RAY / EXPLOSIONN / WINDSTORN |
|
VALUE: |
R$ 50.000.000,00 |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
|
|
BANCO BRADESCO S/A |
47 3322-9788 |
|
|
BANCO ITAÚ S/A |
47 3221-2887 |
|
|
BANCO DO BRASIL S/A |
47 3321-2550 |
|
|
REMARKS: IN BRAZIL THE BANKS ARE PROHIBITED BY LAW TO PROVIDE
INFORMATION OR ANY KIND OF COMMENTS ABOUT THEIR CLIENTS. DUE TO THIS LAW PROHIBITION WE ARE UNABLE TO PROVIDE
ANY BANKING DETAILS. ACCORDING TO THE CENTRAL
BANK OF BRAZIL OFFICIAL REPORT, THE COMPANY HAS NO RETURNED CHECKS UP TO
DATE. (IN THE TERMS OF "CIRCULAR 1682 BRAZILIAN CENTRAL BANK"). |
ACTIVITIES COMMENTS
|
SUBJECT IS ENGAGED IN THE MANUFACTURE OF MESH FABRICS, RETAIL AND
WHOLESALE TRADE OF MESHES, RENDERING OF SERVICES IN THE TEXTILE FIELD AND
COMMERCIAL REPRESENTATION. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
INDIA, INDONESIA, THAILAND, TAIWAN AND BANGLADESH. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
PHONE: |
|
EMINENT CONFECÇÕES DE MODA LTDA |
|
11 3932-6252 |
|
GARHOA TEXTIL IND E COM DE CONF LTDA |
|
47 3394-0744 |
|
MAJULE TEXTIL LTDA |
|
47 3332-3005 |
|
STARUE IND COM E REPRES LTDA |
|
11 4198-3180 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 378 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1991. IT IS
NOTED A HIGH SCALE OF ACTIVITIES AND SO FAR IT HAS A CLEAR TRADE HISTORY. IT
IS A FAMILY-RUN COMPANY AND BOTH THE COMPANY AND THE PRINCIPALS ENJOY A
FAVORABLE REPUTATION AMONG LOCAL TRADE SOURCES. THE COMPANY HAS TRADE RELATIONS WITH SEVERAL SUPPLIERS IN BRAZIL. THE
SUPPLIERS EXTEND CREDIT FACILITIES TO THE SUBJECT IN TERMS AND AMOUNTS
ACCORDING TO THE COMPANY'S NEEDS AND SO FAR NO PAYMENT PROBLEMS ARE NOTED. ALL OF THE SUPPLIERS, WHICH PROVIDED INFORMATION, REPORTED PROMPT
PAYMENTS, THUS THE SUBJECT HAS AN EXCELLENT TRADE REPUTATION. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
DAIWA DO BRASIL TEXTIL LTDA |
|
34 3292-6000 |
|
INDUSTRIAS TEXTEIS SUECO LTDA |
|
11 2139-6000 |
|
KANEBO FIAÇÃO E TEC DO BRASIL S/A |
|
11 3932-1122 |
|
PAYMENT HISTORY: |
|
20 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 242.293,00 |
|
|
|
AMOUNT OF INVOICES PAID: 68 |
|
TOTAL OF PROMPT PAYMENTS: 99,8% |
|
TOTAL OF DELAYED PAYMENTS: 0,2% |
|
|
|
HIGHEST INVOICE: R$ 40.069,00 |
|
HIGHEST CREDIT: R$ 40.069,00 |
|
|
|
OUTSTANDING INVOICES DUE WITHIN THE NEXT 60 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
1 |
1 |
R$ 1.450,00 |
|
DUE WITHIN 60 DAYS |
1 |
1 |
R$ 1.450,00 |
|
ALL |
1 |
2 |
R$ 2.900,00 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS SINCE 1991. UP
TO DATE IT HAS A CLEAR TRADE HISTORY AND EXCELLENT 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. |
|
BALANCE
SHEET ANALYSIS |
FIGURES
ARE IN REAIS |
|
|
|
|
|
|
|
31/12/2011 |
|
31/12/2010 |
|
31/12/2009 |
|
|
ASSETS |
|
% |
|
% |
|
% |
|
Current Assets |
41.58 |
$ 39,453,931 |
41.34 |
$ 31,561,413 |
47.21 |
|
|
Fixed Assets |
$ 56,737,331 |
55.54 |
$ 52,725,010 |
55.24 |
$ 35,291,273 |
52.79 |
|
TOTAL ASSETS |
$ 102,152,656 |
100.00 |
$ 95,446,864 |
100.00 |
$ 66,852,686 |
100.00 |
|
LIABILITIES |
|
|
|
|
|
|
|
Current Liabilities |
$ 31,551,722 |
30.89 |
$ 24,736,137 |
25.92 |
$ 14,357,554 |
21.48 |
|
Long-Term Liabilities |
$ 23,996,574 |
23.49 |
$ 25,502,746 |
26.72 |
$ 7,953,018 |
11.90 |
|
TOTAL LIABILITIES |
$ 55,548,296 |
54.38 |
$ 50,238,883 |
52.64 |
$ 22,310,572 |
33.37 |
|
Deferred Income |
$ - |
0.00 |
$ - |
0.00 |
$ - |
0.00 |
|
Net Equity |
$ 46,604,360 |
45.62 |
$ 45,207,981 |
47.36 |
$ 44,542,114 |
66.63 |
|
TOTAL LIABILITIES + NET EQUITY |
$ 102,152,656 |
100.00 |
$ 95,446,864 |
100.00 |
$ 66,852,686 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
|
|
|
Net Sales |
$ 67,494,695 |
100.00 |
$ 52,713,903 |
100.00 |
$ 52,712,987 |
100.00 |
|
Costs |
$ 56,756,492 |
84.09 |
$ 45,100,997 |
85.56 |
$ 43,160,670 |
81.88 |
|
Gross Profit |
$ 10,738,203 |
15.91 |
$ 7,612,906 |
14.44 |
$ 9,552,317 |
18.12 |
|
Operating expenses |
$ (8,422,325) |
-12.48 |
$ (6,040,938) |
-11.46 |
$ (686,271) |
-1.30 |
|
operational Result |
$ (1,143,138) |
-1.69 |
$ (1,338,903) |
-2.54 |
$ 8,821,040 |
16.73 |
|
Net Profit (loss) |
$ 2,384,713 |
3.53 |
$ 901,243 |
1.71 |
$ 6,602,675 |
12.53 |
|
COMPLEMENTARY DATA |
|
|
|
|
|
|
|
Inventory |
$ 13,849,165 |
|
$ 14,541,378 |
|
$ 11,808,715 |
|
|
Accounts receivable |
$ 24,738,602 |
|
$ 20,557,848 |
|
$ 17,742,896 |
|
|
Accounts Payable |
$ 11,733,815 |
|
$ 12,996,437 |
|
$ 7,301,766 |
|
|
Property, plant and equipment |
$ 56,737,331 |
|
$ 52,255,114 |
|
$ 34,860,201 |
|
|
Purchases |
$ 56,737,331 |
|
$ 52,725,010 |
|
$ 35,291,273 |
|
|
Financial Expenses |
$ (3,459,017) |
|
$ (2,910,871) |
|
$ (45,006) |
|
|
Foreign Currency Assets |
|
|
|
|
|
|
|
Foreign Currency Liabilities |
|
|
|
|
|
|
|
Working Capital |
$ 10,924,435 |
|
$ 14,717,794 |
|
$ 17,203,859 |
|
|
RATIOS: |
|
|
|
|
|
|
|
QUICK RATIO |
0.91 |
|
1.01 |
|
1.38 |
|
|
CURRENT RATIO |
1.35 |
|
1.59 |
|
2.20 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
2.73 |
times |
2.56 |
times |
2.97 |
times |
|
DAYS' SALES IN RECEIVABLES |
131.95 |
days |
140.40 |
days |
121.17 |
days |
|
INVENTORY TURNOVER |
4.10 |
times |
3.10 |
times |
3.65 |
times |
|
74.43 |
days |
103.74 |
days |
60.90
|
days |
|
|
RETURN ON ASSETS |
0.66 |
times |
0.55 |
times |
0.79 |
times |
|
SALES TURNOVER ON NET EQUIY |
1.45 |
times |
1.17 |
times |
1.18 |
times |
|
NET WORTH TIE-UP |
1.22 |
|
1.16 |
|
0.78 |
|
|
ENDEBTEDNESS |
1.19 |
|
1.11 |
|
0.50 |
|
|
EQUITY RATIO |
45.62 |
% |
47.36 |
% |
66.63
|
% |
|
WORKING CAPITAL RATIO |
34.62 |
% |
59.50 |
% |
119.82 |
% |
|
GENERAL SOLVENCY |
1.84 |
|
1.90 |
|
3.00 |
|
|
RETURN ON NET EQUITY |
5.12 |
% |
1.99 |
% |
14.82
|
% |
|
RETURN ON SALES (PROFIT MARGIN) |
3.53 |
% |
1.71 |
% |
12.53
|
% |
|
GROSS PROFIT MARGIN |
15.91 |
% |
14.44 |
% |
18.12
|
% |
|
OPERATIONAL RESULT |
(1.69) |
% |
(2.54) |
% |
16.73
|
% |
|
SALES TURNOVER ON LIABILITIES |
2.14 |
times |
2.13 |
times |
3.67 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
- |
% |
- |
% |
|
FOREIGN CURRENCY ON LIABILITIES |
- |
% |
- |
% |
- |
% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.98 |
|
UK Pound |
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.69 |
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.