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Report Date : |
11.10.2012 |
IDENTIFICATION DETAILS
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Name : |
LAMINORT INDUSTRIA E COMERCIO DE LAMINAS SA |
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Registered Office : |
Rua João Bettega, 4050 Conjunto 01 - Cic 81350-000 - Curitiba/Pr |
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Country : |
Brazil |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
17.03.1981 |
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Legal Form : |
Privately Held Corporation |
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Line of Business : |
Planing and Sawmilling of Wood. |
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No. of Employees : |
60 |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Brazil |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
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 |
BRAZIL - ECONOMIC OVERVIEW
Characterized by large and
well-developed agricultural, mining, manufacturing, and service sectors, Brazil's
economy outweighs that of all other South American countries, and Brazil is
expanding its presence in world markets. Since 2003, Brazil has steadily
improved its macroeconomic stability, building up foreign reserves, and
reducing its debt profile by shifting its debt burden toward real denominated
and domestically held instruments. In 2008, Brazil became a net external
creditor and two ratings agencies awarded investment grade status to its debt.
After strong growth in 2007 and 2008, the onset of the global financial crisis
hit Brazil in 2008. Brazil experienced two quarters of recession, as global
demand for Brazil's commodity-based exports dwindled and external credit dried
up. However, Brazil was one of the first emerging markets to begin a recovery.
In 2010, consumer and investor confidence revived and GDP growth reached 7.5%,
the highest growth rate in the past 25 years. Rising inflation led the
authorities to take measures to cool the economy; these actions and the
deteriorating international economic situation slowed growth to 2.7% for 2011
as a whole, though forecasts for 2012 growth are somewhat higher. Despite
slower growth in 2011, Brazil overtook the United Kingdom as the world's
seventh largest economy in terms of GDP. Urban unemployment is at the historic
low of 4.7% (December 2011), and Brazil's traditionally high level of income
equality has declined for each of the last 12 years. Brazil's high interest
rates make it an attractive destination for foreign investors. Large capital
inflows over the past several years have contributed to the appreciation of the
currency, hurting the competitiveness of Brazilian manufacturing and leading
the government to intervene in foreign exchanges markets and raise taxes on
some foreign capital inflows. President Dilma ROUSSEFF has retained the
previous administration's commitment to inflation targeting by the central
bank, a floating exchange rate, and fiscal restraint.
Source : CIA
LAMINORT INDUSTRIA E COMERCIO DE LAMINAS SA
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MAIN ADDRESS: |
RUA JOÃO BETTEGA, 4050 CONJUNTO 01 - CIC |
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ZIP CODE/CITY: |
81350-000 - CURITIBA/PR |
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PHONE: |
41 3245-0100 |
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FAX: |
41 3248-4713 |
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E-MAIL: |
rogerio@laminort.com |
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WEB SITE: |
www.laminort.com |
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BRANCHES: |
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ADDRESS: |
RUA JOAO
BETTEGA,4050 CIC |
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ZIP CODE/CITY: |
81350-000
CURITIBA/PR |
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CNPJ: |
75.238.329/0003-56 |
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MAIN ACTIVITIES: |
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PLANING AND SAWMILLING OF WOOD. |
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LEGAL FORM: |
PRIVATELY
HELD CORPORATION |
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INCORPORATION DATE: |
17/03/1981 |
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REGISTER DATE: |
07/04/1981 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
75.238.329/0001-94 |
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STATE REGISTER: |
10149293-19 |
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SHARE CAPITAL: |
R$ 15.640.000,00 |
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LAST REGISTER OF CAPITAL: |
31/12/2011 |
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BOARD OF
DIRECTORS: |
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|
LEO ROBERTO RYMSZA |
PRESIDENT DIRECTOR |
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ROBLES ALVES DE AMORIM |
DIRECTOR |
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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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LR PARTICIPAÇÕES LTDA |
95,06% |
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CAMPIGLIO PARTICIPAÇÕES LTDA |
3,36% |
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ROBLES ALVES DE AMORIM |
1,58% |
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AFFILIATES /
SUBSIDIARIES: |
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LAMINADOS DE MADEIRAS DO PARÁ S/A |
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INTERLAMINAS COMÉRCIO DE MADEIRA LTDA |
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BEST BRAZILIAN FLOORING LTDA |
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MADELAMINA COMÉRCIO DE LÂMINAS DE MADEIRA LTDA |
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THE SUBJECT WAS ESTABLISHED ON MARCH 17, 1981 AS LAMINORT INDÚSTRIA E
COMÉRCIO DE LÂMINAS LTDA TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON SEPTEMBER
30, 1983 IT ADOPTED THE ABOVE MENTIONED NAME. TRADE NAME: "LAMINORT". FURTHER DETAILS ARE SO FAR NOT KNOWN. |
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PUBLIC
INFORMATION: |
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NO DETRIMENTAL FILES WERE FOUND. |
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GENERAL BALANCE SHEETS AS OF 31/12/2011 AND 31/12/2010. |
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( FIGURES ARE IN REAIS ). |
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ASSETS |
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CURRENT: |
31/12/2011 |
31/12/2010 |
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CASH AND BANKS |
2.522.919,29 |
478.069,13 |
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INVESTMENTS |
9.289,80 |
527.348,84 |
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CLIENTS |
5.172.756,08 |
3.778.578,58 |
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INVENTORY |
6.321.552,04 |
6.733.743,70 |
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ADVANCE TO SUPPLIERS |
730.618,08 |
913.662,79 |
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DEPOSITS & GUARANTEE |
326.187,47 |
248.132,79 |
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RECOVERABLE TAXES |
1.722.706,56 |
2.325.403,55 |
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PREPAID EXPENSES |
1.201.596,95 |
1.007.019,24 |
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OTHER CREDITS |
134.813,84 |
944.478,95 |
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---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
18.142.440,11 |
16.956.437,57 |
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LONG-TERM
RECEIVABLES: |
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INTERCOMPANY CREDITS |
11.403.185,63 |
9.922.197,13 |
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MARKETABLE SECURITIES |
5.787,69 |
5.787,69 |
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---------------- |
---------------- |
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TOTAL LONG-TERM RECEIVABLES |
11.408.973,32 |
9.927.984,82 |
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FIXED ASSETS: |
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INVESTMENTS |
2.224.130,85 |
2.011.932,53 |
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FIXED ASSETS |
3.409.568,57 |
2.963.721,57 |
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---------------- |
---------------- |
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TOTAL FIXED ASSETS |
5.633.699,42 |
4.975.654,10 |
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================ |
================ |
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TOTAL ASSETS |
35.185.112,85 |
31.860.076,49 |
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LIABILITIES: |
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CURRENT: |
31/12/2011 |
31/12/2010 |
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SUPPLIERS |
598.498,63 |
371.514,38 |
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FINANCING |
10.023.602,36 |
8.279.130,64 |
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ADVANCES |
3.169.187,98 |
2.430.306,31 |
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LABOR OBLIGATIONS |
64.527,30 |
53.336,09 |
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SOCIAL OBLIGATIONS |
60.824,77 |
338.879,37 |
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TRIBUTARY OBLIGATIONS |
108.906,33 |
273.869,66 |
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REPRESENTATIVES |
599.909,91 |
793.865,13 |
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PROVISIONS |
157.067,28 |
53.223,00 |
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OTHER |
170.969,15 |
147.861,67 |
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---------------- |
---------------- |
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TOTAL CURRENT LIABILITIES |
14.953.493,71 |
12.741.986,25 |
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LONG TERM
LIABILITIES: |
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FINANCING |
2.075.406,18 |
1.404.744,45 |
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INTERCOMPANY DEBTS |
549.750,35 |
339.546,93 |
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DEFERRED INCOME |
250.618,15 |
237.020,93 |
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---------------- |
---------------- |
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TOTAL LONG TERM LIABILITIES |
2.875.774,68 |
1.981.312,31 |
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NET EQUITY: |
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SHARE CAPITAL |
15.640.000,00 |
15.440.000,00 |
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LEGAL RESERVES |
1.024.030,60 |
989.486,92 |
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RESERVES/TAX INCENTIVES |
2.287,86 |
2.287,86 |
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PROFIT RESERVES |
689.526,00 |
705.003,15 |
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---------------- |
---------------- |
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TOTAL NET EQUITY |
17.355.844,46 |
17.136.777,93 |
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================ |
================ |
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TOTAL LIABILITIES |
35.185.112,85 |
31.860.076,49 |
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PROFIT AND LOSS ACCOUNTS AS OF 31/12/2011 AND 31/12/2010. |
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( FIGURES ARE IN REAIS ). |
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31/12/2011 |
31/12/2010 |
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GROSS SALES |
19.971.906,23 |
20.367.761,01 |
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(-) TAXES ON SALES |
1.391.275,57 |
955.371,46 |
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---------------- |
---------------- |
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NET SALES |
18.580.630,66 |
19.412.389,55 |
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(-) COST OF SOLD GOODS |
12.622.382,24 |
13.732.502,68 |
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---------------- |
---------------- |
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GROSS PROFIT |
5.958.248,42 |
5.679.886,87 |
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OPERATING REVENUE (EXPENSE) |
-2.845.643,93 |
-2.908.538,33 |
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FINANCIAL REVENUE(EXPENSE) |
-2.361.909,97 |
-1.931.050,30 |
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---------------- |
---------------- |
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OPERATIONAL PROFIT (LOSS) |
750.694,52 |
840.298,24 |
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NON-OPERATING RESULT |
46.701,44 |
134.984,89 |
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CONTRIBUTION/INCOME TAX |
-168.300,69 |
-284.409,48 |
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---------------- |
---------------- |
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NET PROFIT (LOSS) |
629.095,27 |
690.873,65 |
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RATIOS: |
31/12/2011 |
31/12/2010 |
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QUICK RATIO |
,79 |
|
,80 |
|
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CURRENT RATIO |
1,21 |
|
1,33 |
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ACCOUNTS RECEIVABLE TURNOVER |
3,59 |
TIMES |
5,14 |
TIMES |
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|
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DAYS' SALES IN RECEIVABLES |
100,22 |
DAYS |
70,07 |
DAYS |
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INVENTORY TURNOVER |
2,00 |
TIMES |
2,04 |
TIMES |
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ACCOUNTS PAYABLE PERIOD |
17,07 |
DAYS |
9,74 |
DAYS |
|
|
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RETURN ON ASSETS |
,53 |
TIMES |
,61 |
TIMES |
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SALES TURNOVER ON NET EQUITY |
1,07 |
TIMES |
1,13 |
TIMES |
|
|
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NET WORTH TIE-UP |
,20 |
|
,17 |
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INDEBTEDNESS |
1,03 |
|
,86 |
|
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EQUITY RATIO |
49,33 |
% |
53,79 |
% |
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|
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WORKING CAPITAL RATIO |
21,33 |
% |
33,08 |
% |
|
|
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GENERAL SOLVENCY |
1,97 |
|
2,16 |
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|
|
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RETURN ON NET EQUITY |
3,62 |
% |
4,03 |
% |
|
|
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RETURN ON SALES (PROFIT MARGIN) |
3,39 |
% |
3,56 |
% |
|
|
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GROSS PROFIT MARGIN |
32,07 |
% |
29,26 |
% |
|
|
|
OPERATIONAL RESULT |
4,04 |
% |
4,33 |
% |
|
|
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SALES TURNOVER ON LIABILITIES |
1,24 |
TIMES |
1,52 |
TIMES |
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EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,03 |
- OFFICIAL RATE ON 08/10/2012 |
|
US$ 1,00 = R$ 1,87 |
- OFFICIAL RATE ON 31/12/2011 |
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US$ 1,00 = R$ 1,66 |
- OFFICIAL RATE ON 31/12/2010 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A FAIR FINANCIAL STANDING. THE LEVEL OF INDEBTEDNESS
IS SLIGHTLY HIGH BUT IT HAS GOOD CURRENT RATIO AND POSITIVE WORKING CAPITAL,
CONSIDERED SUFFICIENT TO COVER THE SHORT TERM DEBTS. SALES DROPPED SLIGHTLY
BUT POSTED PROFIT. |
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REAL ESTATE: |
NOT AVAILABLE
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VEHICLES: |
NOT AVAILABLE
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MACHINES: |
NOT AVAILABLE
|
NOT AVAILABLE. |
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|
|
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NOT AVAILABLE. |
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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"). |
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PLANING AND SAWMILLING OF WOOD. |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
NOT AVAILABLE. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
|
|
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NOT AVAILABLE. |
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STAFF: |
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THE COMPANY HAS: 60 EMPLOYEE(S) |
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1981. SO
FAR IT HAS A CLEAR TRADE HISTORY AND MODEST PAYMENT BEHAVIOUR. 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. |
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MAIN SUPPLIERS: |
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|
|
|
|
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DOMESTIC
SUPPLIERS: |
|
|
|
NOT AVAILABLE. |
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PAYMENT HISTORY: |
|
04 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 28.612,00 |
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|
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AMOUNT OF INVOICES PAID: 7 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 21.500,00 |
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HIGHEST CREDIT: R$ 21.500,00 |
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS.
UP TO DATE IT HAS A FAIR FINANCIAL STANDING, A CLEAR TRADE HISTORY AND MODEST
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. A CREDIT LIMIT OF US$ 500.000,00 MAY BE CONSIDERED. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.04 |
|
|
1 |
Rs.84.83 |
|
Euro |
1 |
Rs.68.21 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.