MIRA INFORM REPORT
|
Report Date : |
15.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
CIMED INDÚSTRIA DE MEDICAMENTOS LTDA |
|
|
|
|
Registered Office : |
Rua Engenheiro Prudente, 121 - Vila Monumento , Zip Code 01550-000 - São Paulo/Sp |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
22.10.1998 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture and sale of
pharmaceuticals |
|
|
|
|
No. of Employees
: |
1480 |
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 : |
Usd 1.000.000,00 |
|
Status : |
Good |
|
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 – September 30th, 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
CIMED INDÚSTRIA DE
MEDICAMENTOS LTDA
company ADDRESSES
|
MAIN ADDRESS: |
RUA ENGENHEIRO PRUDENTE, 121 - VILA MONUMENTO |
|
ZIP CODE/CITY: |
01550-000 - SÃO PAULO/SP |
|
|
|
|
PHONE: |
11 3544-7200 |
|
FAX: |
11 3544-7200 |
|
E-MAIL: |
|
|
WEB SITE: |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
AVENIDA ANGÉLICA, 2248 - 5º, 6º E 7º ANDARES - CONSOLAÇÃO |
|
ZIP CODE/CITY: |
01228-200 SÃO PAULO/SP |
|
CNPJ: |
02.814.497/0003-79 |
|
|
|
|
ADDRESS: |
RUA CORONEL ARMANDO RUBENS STORINO, 2750 UNIDADE INDUSTRIAL I - BAIRRO
DO ALGODÃO |
|
ZIP CODE/CITY: |
37550-000 POUSO ALEGRE/MG |
|
PHONE: |
35 2102-2000 |
|
FAX: |
35 2102-2000 |
|
CNPJ: |
02.814.497/0002-98 |
|
|
|
|
ADDRESS: |
RUA GONZALES PECOTCHE, 284 - ARISTOCRATA |
|
ZIP CODE/CITY: |
83030-200 SÃO JOSÉ DOS PINHAIS/PR |
|
CNPJ: |
02.814.497/0004-50 |
|
|
|
|
ADDRESS: |
RODOVIA SC 401 - KM 5 - Nº. 4756 - CENTRO EMPRESARIAL OFFICE PARK -
SACO GRANDE |
|
ZIP CODE/CITY: |
88032-005 FLORIANÓPOLIS/SC |
|
CNPJ: |
02.814.497/0005-30 |
|
|
|
|
ADDRESS: |
AVENIDA MARGINAL PROJETADA, 1652 GALPÃO 08 JARDIM MUTINGA |
|
ZIP CODE/CITY: |
06463-400 BARUERI/SP |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
MANUFACTURE AND SALE OF PHARMACEUTICALS. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
22/10/1998 |
|
REGISTER DATE: |
22/10/1998 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
02.814.497/0001-07 |
|
STATE REGISTER: |
115.980.771.110 |
|
|
|
|
SHARE CAPITAL: |
R$ 34.038.000,00 |
|
LAST REGISTER OF CAPITAL: |
30/05/2008 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
JOÃO DE CASTRO MARQUES |
MANAGING PARTNER |
|
JOÃO ADIBE ZACHARIAS MARQUES |
MANAGING PARTNER |
|
KARLA MARQUES FELMANAS |
MANAGING PARTNER |
|
MARIANA ZACHARIAS MARQUES BARBOSA |
MANAGING PARTNER |
AUTHORIZED USE OF SIGNATURE
|
THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
JOÃO DE CASTRO MARQUES |
R$ 19.888.403,00 |
|
JOÃO ADIBE ZACHARIAS MARQUES |
R$ 9.050.704,00 |
|
KARLA MARQUES FELMANAS |
R$ 4.081.157,00 |
|
MARIANA ZACHARIAS MARQUES BARBOSA |
R$ 1.017.736,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
NECKERMAN INDÚSTRIA FARMACÊUTICA LTDA |
|
|
ADIBE & CASTRO LTDA |
|
|
INSTITUTO CLAUDIA MARQUES DE PESQUISA E DESENVOLVIMENTO LTDA |
|
|
LOGAN DISTRIBUIDORA HOSPITALAR LTDA |
|
|
DISPROFAR COMÉRCIO LTDA |
|
|
DISTRIBUIDORA DE MEDICAMENTOS CASTRO & MARQUES LTDA |
|
|
ABRANGE MERCANTIL FARMACÊUTICA LTDA |
|
|
NUTRACOM INDUSTRIA E COMERCIO LTDA |
|
|
KMG DISTRIBUIDORA FARMACÊUTICA LTDA |
|
|
KMG FARMA LTDA |
|
|
PREDILETA DISTRIBUIDORA MEDICAMENTOS LTDA (PB) |
|
|
PREDILETA DISTRIBUIDORA MEDICAMENTOS LTDA (RN) |
|
|
PREDILETA GOIÁS DISTRIBUIDORA DE MEDICAMENTOS LTDA |
|
|
PREDILETA MARANHÃO DISTRIBUIDORA DE MEDICAMENTOS LTDA |
|
|
PREDILETA PARÁ DISTRIBUIDORA DE MEDICAMENTOS LTDA |
|
|
PREDILETA RIO DE JANEIRO DISTRIBUIDORA DE MEDICAMENTOS LTDA |
|
|
PREDILETA TOCANTINS DISTRIBUIDORA DE MEDICAMENTOS LTDA |
|
|
SIFARMA SIMILARES FARMACÊUTICOS LTDA |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON OCTOBER 22, 1998 AS CIMED INDÚSTRIA DE
MEDICAMENTOS S/A TO BE ENGAGED IN THE SAID LINE OF BUSINESS. LATER IT ADOPTED
THE ABOVE MENTIONED NAME. TRADE NAME: "CIMED". PARTNERS: JOÃO DE CASTRO MARQUES: BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS RG
3718471 SP, CPF 232.877.308-780, RESIDENTIAL ADDRESS AT RUA ENGENHEIRO EDGARD
EGIDIO DE SOUSA 303, APTO 31, PACAEMBU, ZIP CODE 01233-020, SÃO PAULO/SP; JOÃO ADIBE ZACHARIAS MARQUES: BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS
RG 14600581 SP, CPF 129.633.008-75, RESIDENTIAL ADDRESS AT RODOVIA HAROLDO
SOARES GLAVAN 4450, CASA 05, CACUPE, ZIP CODE 88050-005, FLORIANOPOLIS/SC; KARLA MARQUES FELMANAS: BRAZILIAN, DIVORCED, HOLDER OF DOCUMENTS RG
14.600.582-X SP, CPF 128.260.488-05, RESIDENTIAL ADDRESS AT RUA MELO MORAIS
FILHO 169, JARDIM GUEDALA, ZIP CODE 05610-040, SÃO PAULO/SP; MARIANA ZACHARIAS MARQUES BARBOSA: BRAZILIAN, MARRIED, HOLDER OF
DOCUMENTS RG 18.190-178-X SP, CPF 166.310.298-80, RESIDENTIAL ADDRESS AT RUA
DR. SERAFICO DE ASSIS CARVALHO 103, APTO 74, JARDIM LEONOR, ZIP CODE
05614-040, SÃO PAULO/SP; 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 31/12/2010, 31/12/2009 AND 31/12/2008. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
CASH AND CASH EQUIVALENTS |
1.193.225,43 |
1.271.837,17 |
988.895,13 |
|
CLIENTS |
65.694.627,78 |
46.681.363,85 |
48.861.115,27 |
|
INVENTORY |
12.725.886,72 |
20.818.200,10 |
24.908.880,06 |
|
RECOVERABLE TAXES |
1.182.370,67 |
917.284,14 |
236.270,94 |
|
PRE PAID EXPENSES |
216.099,35 |
157.517,07 |
140.856,35 |
|
OTHER CREDITS |
1.919.626,77 |
1.303.720,02 |
1.814.785,23 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
82.931.836,72 |
71.149.922,35 |
76.950.802,98 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
CREDITS |
369.392,74 |
221.901,25 |
178.913,94 |
|
RECOVERABLE TAXES |
39.469,69 |
141.980,86 |
217.068,40 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
408.862,43 |
363.882,11 |
395.982,34 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
13.497.737,14 |
11.548.186,91 |
11.514.632,24 |
|
FIXED ASSETS |
42.724.851,45 |
19.519.213,22 |
13.447.143,45 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
56.222.588,59 |
31.067.400,13 |
24.961.775,69 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
139.563.287,74 |
102.581.204,59 |
102.308.561,01 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
SUPPLIERS |
6.062.990,33 |
3.177.025,48 |
5.270.039,92 |
|
FOREIGN SUPPLIERS |
3.223.837,35 |
1.256.005,16 |
9.328.957,14 |
|
BANKING DEBTS |
35.281.343,68 |
18.877.357,16 |
28.888.233,15 |
|
TAXES & CONTRIBUTIONS |
3.006.163,88 |
2.708.875,31 |
1.884.635,40 |
|
SALARIES PAYABLE |
4.324.416,65 |
3.306.389,28 |
3.834.739,23 |
|
INTERCOMPANY DEBTS |
5.094.997,22 |
1.198.706,09 |
12.653.918,01 |
|
COMMISSIONS DUE |
765.310,18 |
684.337,41 |
|
|
OTHER DEBTS |
2.294.650,00 |
450.000,00 |
1.355.831,51 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
60.053.709,29 |
31.658.695,89 |
63.216.354,36 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
18.266.112,31 |
7.204.408,85 |
6.954.017,66 |
|
TAXES AND CONTRIBUTIONS |
1.538.430,76 |
1.510.461,45 |
1.744.921,24 |
|
DEBT WITH PARTNERS |
9.164.587,08 |
14.371.404,27 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
28.969.130,15 |
23.086.274,57 |
8.698.938,90 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
34.038.000,00 |
34.038.000,00 |
24.620.000,00 |
|
ACCRUED PROFIT (LOSS) |
|
11.967.608,33 |
9.402.932,54 |
|
PROFIT SHARING |
-367.714,93 |
-2.650.975,24 |
-2.505.519,95 |
|
PROFIT (LOSS) OF PERIOD |
|
4.481.601,04 |
-1.124.144,84 |
|
PROFIT RESERVES |
16.870.163,23 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
50.540.448,30 |
47.836.234,13 |
30.393.267,75 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
139.563.287,74 |
102.581.204,59 |
102.308.561,01 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2010, 31/12/2009 AND 31/12/2008. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
GROSS SALES |
219.971.792,86 |
182.899.773,33 |
175.405.890,34 |
|
(-) TAXES ON SALES |
48.322.343,43 |
42.480.914,34 |
36.056.489,71 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
171.649.449,43 |
140.418.858,99 |
139.349.400,63 |
|
(-) COST OF SOLD GOODS |
94.224.504,03 |
66.578.326,04 |
75.301.063,48 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
77.424.945,40 |
73.840.532,95 |
64.048.337,15 |
|
OPERATING REVENUE (EXPENSE) |
-62.161.209,86 |
-60.919.786,08 |
-57.695.716,63 |
|
FINANCIAL REVENUE(EXPENSE) |
-13.070.604,80 |
-8.425.680,44 |
-6.978.429,96 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
2.193.130,74 |
4.495.066,43 |
-625.809,44 |
|
NON-OPERATING RESULT |
878.798,36 |
-13.465,39 |
-498.335,40 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
3.071.929,10 |
4.481.601,04 |
-1.124.144,84 |
|
MONTHLY SALES |
|||
|
|
2011 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 5.431.546,00 |
|
|
|
FEBRUARY |
R$ 8.757.202,00 |
|
|
|
MARCH |
R$ 26.889.489,00 |
|
|
|
APRIL |
R$ 25.353.803,00 |
|
|
|
MAY |
R$ 26.644.211,00 |
|
|
|
JUNE |
|
|
|
|
JULY |
|
|
|
|
AUGUST |
|
|
|
|
SEPTEMBER |
|
|
|
|
OCTOBER |
|
|
|
|
NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$ 93.076.251,00 |
|
|
|
RATIOS: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
QUICK RATIO |
1,17 |
|
1,59 |
|
,82 |
|
|
CURRENT RATIO |
1,38 |
|
2,25 |
|
1,22 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
2,61 |
TIMES |
3,01 |
TIMES |
2,85 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
137,78 |
DAYS |
119,68 |
DAYS |
126,23 |
DAYS |
|
INVENTORY TURNOVER |
7,40 |
TIMES |
3,20 |
TIMES |
3,02 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
23,16 |
DAYS |
17,18 |
DAYS |
25,20 |
DAYS |
|
RETURN ON ASSETS |
1,23 |
TIMES |
1,37 |
TIMES |
1,36 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
3,40 |
TIMES |
2,94 |
TIMES |
4,58 |
TIMES |
|
NET WORTH TIE-UP |
,85 |
|
,41 |
|
,44 |
|
|
INDEBTEDNESS |
1,76 |
|
1,14 |
|
2,37 |
|
|
EQUITY RATIO |
36,21 |
% |
46,63 |
% |
29,71 |
% |
|
WORKING CAPITAL RATIO |
38,10 |
% |
124,74 |
% |
21,73 |
% |
|
GENERAL SOLVENCY |
1,57 |
|
1,87 |
|
1,42 |
|
|
RETURN ON NET EQUITY |
6,08 |
% |
9,37 |
% |
-3,70 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
1,79 |
% |
3,19 |
% |
-,81 |
% |
|
GROSS PROFIT MARGIN |
45,11 |
% |
52,59 |
% |
45,96 |
% |
|
OPERATIONAL RESULT |
1,28 |
% |
3,20 |
% |
-,45 |
% |
|
SALES TURNOVER ON LIABILITIES |
2,86 |
TIMES |
4,44 |
TIMES |
2,20 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,81 |
- OFFICIAL RATE ON 30/11/2011 |
|
US$ 1,00 = R$ 1,66 |
- OFFICIAL RATE ON 31/12/2010 |
|
US$ 1,00 = R$ 1,74 |
- OFFICIAL RATE ON 31/12/2009 |
|
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 FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING. THE
LEVEL OF INDEBTEDNESS IS HIGH AND MAINLY IS COMPRISED BY FINANCIAL DEBTS.
DESPITE THIS IT HAS GOOD LIQUIDITY RATIOS AND WORKING CAPITAL, CONSIDERED
SUFFICIENT TO COVER THE SHORT-TERM LIABILITIES. IT SHOWS HIGH AND GROWING
SALES AND MADE PROFIT. |
|
REAL ESTATE: |
THE PARTNERS OWN REAL ESTATE VALUED AT R$ 2.399.175,00
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
INSURANCE
|
NOT AVAILABLE. |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
|
|
BANCO DO BRASIL S/A |
3322 / 11 2065-4055 |
|
|
BANCO BRADESCO S/A |
0138 / 11 2178-4280 |
|
|
BANCO ITAÚ S/A |
0676 / 11 3708-2687 |
|
|
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 AND SALE OF PHARMACEUTICALS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
UNITED STATES, SWITZERLAND, ITALY, GERMANY, CYPRUS AND MEXICO. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
DEMAC PRODUTOS FARMACÊUTICOS LTDA |
|
|
|
DROG MAIS ECONÔMICA LTDA |
|
|
|
EMPREENDIMENTOS PAGUE MENOS |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 1480 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY OPERATING SINCE 1998. SO FAR
IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOUR. 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. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
ART PACK EMBALAGENS LTDA |
|
|
|
BRASÍLIA MÁQUINAS E FERRAMENTAS LTDA |
|
11 6097-8500 |
|
C A S IMP. EXP. LTDA |
|
11 5677-9696 |
|
DAMATEC CORREIAS INDUSTRIAIS LTDA |
|
11 6421-7752 |
|
IMPACTA S/A. INDÚSTRIA E COMÉRCIO |
|
|
|
INDURKERN DO BRASIL QUÍMICA LTDA |
|
11 3689-7676 |
|
M CASSAB COMÉRCIO E INDÚSTRIA LTDA |
|
11 5522-7788 |
|
ORBIS INDUSTRIAL E COMERCIO LTDA |
|
|
|
OWENS ILLINOIS DO BRASIL S/A |
|
|
|
RINEPLAST PLASTICOS RIO NEGRINHO LTDA |
|
|
|
SHELLMAR EMBALAGEM MODER LTDA |
|
11 4128-5200 |
|
SOUFER INDUSTRIAL LTDA |
|
19 3634-3600 |
|
VALDEQUÍMICA PRODUTOS QUÍMICOS LTDA |
|
11 3721-6407 |
|
PAYMENT HISTORY: |
|
17 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 1.314.373,00 |
|
|
|
AMOUNT OF INVOICES PAID: 353 |
|
TOTAL OF PROMPT PAYMENTS: 82,4% |
|
TOTAL OF DELAYED PAYMENTS: 17,6% |
|
|
|
HIGHEST INVOICE: R$ 56.032,00 |
|
HIGHEST CREDIT: R$ 56.032,00 |
|
|
|
OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
1 |
7 |
R$ 16.707,48 |
|
DUE WITHIN 60 DAYS |
1 |
1 |
R$ 1.250,00 |
FINAL OPINION
|
THE SUBJECT HAS BEEN IN
BUSINESS SINCE 1998. UP TO DATE IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT
BEHAVIOR. BASED ON THE GENERAL
INFORMATION AVAILABLE ITS 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. A CREDIT LIMIT OF USD
1.000.000,00 MAY BE CONSIDERED. |
|
BALANCE SHEET ANALYSIS |
FIGURES ARE IN REAIS |
|
|
|
|
|
|
|
31-12-10 |
|
31-12-09 |
|
31-12-08 |
|
|
ASSETS |
|
% |
|
% |
|
% |
|
Current
Assets |
59.42 |
$
71,149,922 |
69.36 |
$
76,950,803 |
75.21 |
|
|
Fixed
Assets |
$
56,222,589 |
40.28 |
$
31,067,400 |
30.29 |
$
24,961,776 |
24.40 |
|
TOTAL
ASSETS |
$
139,563,288 |
100.00 |
$
102,581,205 |
100.00 |
$
102,308,561 |
100.00 |
|
LIABILITIES |
|
|
|
|
|
|
|
Current
Liabilities |
$
60,053,709 |
43.03 |
$
31,658,696 |
30.86 |
$
63,216,354 |
61.79 |
|
Long-Term
Liabilities |
$
28,969,130 |
20.76 |
$
23,086,275 |
22.51 |
$
8,698,939 |
8.50 |
|
TOTAL
LIABILITIES |
$
89,022,839 |
63.79 |
$
54,744,970 |
53.37 |
$
71,915,293 |
70.29 |
|
Deferred
Income |
$ - |
0.00 |
$ - |
0.00 |
$ - |
0.00 |
|
Net
Equity |
$
50,540,448 |
36.21 |
$
47,836,234 |
46.63 |
$
30,393,268 |
29.71 |
|
TOTAL
LIABILITIES + NET EQUITY |
$
139,563,288 |
100.00 |
$
102,581,205 |
100.00 |
$
102,308,561 |
100.00 |
|
PROFIT
AND LOSS ACCOUNTS |
|
|
|
|
|
|
|
Net
Sales |
$
171,649,449 |
100.00 |
$ 140,418,859 |
100.00 |
$
139,349,401 |
100.00 |
|
Costs |
$
94,224,504 |
54.89 |
$
66,578,326 |
47.41 |
$
75,301,063 |
54.04 |
|
Gross
Profit |
$
77,424,945 |
45.11 |
$
73,840,533 |
52.59 |
$
64,048,337 |
45.96 |
|
Operating
expenses |
$
(62,161,210) |
-36.21 |
$
(60,919,786) |
-43.38 |
$
(57,695,717) |
-41.40 |
|
operational
Result |
$ 2,193,131 |
1.28 |
$ 4,495,066 |
3.20 |
$
(625,809) |
-0.45 |
|
Net
Profit (loss) |
$ 3,071,929 |
1.79 |
$ 4,481,601 |
3.19 |
$
(1,124,145) |
-0.81 |
|
COMPLEMENTARY
DATA |
|
|
|
|
|
|
|
Inventory |
$
12,725,887 |
|
$
20,818,200 |
|
$
24,908,880 |
|
|
Accounts
receivable |
$
65,694,628 |
|
$
46,681,364 |
|
$
48,861,115 |
|
|
Accounts
Payable |
$ 6,062,990 |
|
$ 3,177,025 |
|
$
5,270,040 |
|
|
Property,
plant and equipment |
$
42,724,851 |
|
$
19,519,213 |
|
$
13,447,143 |
|
|
Purchases |
$
56,222,589 |
|
$
31,067,400 |
|
$
24,961,776 |
|
|
Financial
Expenses |
$
(13,070,605) |
|
$
(8,425,680) |
|
$
(6,978,430) |
|
|
Foreign
Currency Assets |
|
|
|
|
|
|
|
Foreign
Currency Liabilities |
|
|
|
|
|
|
|
Working
Capital |
$
22,878,127 |
|
$
39,491,226 |
|
$
13,734,449 |
|
|
RATIOS: |
|
|
|
|
|
|
|
QUICK
RATIO |
1.17 |
|
1.59 |
|
0.82 |
|
|
CURRENT
RATIO |
1.38 |
|
2.25 |
|
1.22 |
|
|
ACCOUNTS
RECEIVABLE TURNOVER |
2.61 |
times |
3.01 |
times |
2.85 |
times |
|
DAYS'
SALES IN RECEIVABLES |
137.78 |
days |
119.68 |
days |
126.23 |
days |
|
INVENTORY
TURNOVER |
7.40 |
times |
3.20 |
times |
3.02 |
times |
|
23.16 |
days |
17.18 |
days |
25.20 |
days |
|
|
RETURN
ON ASSETS |
1.23 |
times |
1.37 |
times |
1.36 |
times |
|
SALES
TURNOVER ON NET EQUIY |
3.40 |
times |
2.94 |
times |
4.58 |
times |
|
NET
WORTH TIE-UP |
0.85 |
|
0.41 |
|
0.44 |
|
|
ENDEBTEDNESS |
1.76 |
|
1.14 |
|
2.37 |
|
|
EQUITY
RATIO |
36.21 |
% |
46.63 |
% |
29.71 |
% |
|
WORKING
CAPITAL RATIO |
38.10 |
% |
124.74 |
% |
21.73 |
% |
|
GENERAL
SOLVENCY |
1.57 |
|
1.87 |
|
1.42 |
|
|
RETURN
ON NET EQUITY |
6.08 |
% |
9.37 |
% |
(3.70) |
% |
|
RETURN
ON SALES (PROFIT MARGIN) |
1.79 |
% |
3.19 |
% |
(0.81) |
% |
|
GROSS
PROFIT MARGIN |
45.11 |
% |
52.59 |
% |
45.96 |
% |
|
OPERATIONAL
RESULT |
1.28 |
% |
3.20 |
% |
(0.45) |
% |
|
SALES
TURNOVER ON LIABILITIES |
2.86 |
times |
4.44 |
times |
2.20 |
times |
|
FOREIGN
CURRENCY ON ASSETS |
- |
% |
- |
% |
- |
% |
|
FOREIGN
CURRENCY ON LIABILITIES |
- |
% |
- |
% |
- |
% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.90 |
|
UK Pound |
1 |
Rs.78.15 |
|
Euro |
1 |
Rs.65.09 |
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.