MIRA
INFORM REPORT
|
Report Date : |
13.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
DOCE AROMA INDUSTRIA E COMERCIO LTDA |
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|
|
|
Formerly Known As : |
DOCE AROMA COMERCIAL LTDA. |
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|
|
Registered Office : |
Rua Soldado Antonio Aparecido, 54 Acesso Lateral Rua Cabo Eliseu 249/251 - Parque Novo Mundo , Zip Code 02187-020 - São Paulo/Sp |
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Country : |
Brazil |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
29.03.1994 |
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Legal Form : |
Limited
Liability Company |
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|
|
Line of Business : |
Wholesale, import and export of chemical products |
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|
|
No. of Employees : |
60 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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Brazil |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
Company
name
DOCE AROMA
INDUSTRIA E COMERCIO LTDA
company ADDRESSES
|
MAIN ADDRESS: |
RUA SOLDADO ANTONIO
APARECIDO, 54 ACESSO LATERAL RUA CABO ELISEU 249/251 - PARQUE NOVO MUNDO |
|
ZIP CODE/CITY: |
02187-020 - SÃO PAULO/SP |
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PHONE: |
11 2633-3020 |
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FAX: |
11 2631-6015 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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|
|
|
ADDRESS: |
RODOVIA BR 101, Nº. 1825,
KM 113 GALPÃO A, SALA 21 SALSEIROS |
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ZIP CODE/CITY: |
88311-600 ITAJAÍ/SC |
|
CNPJ: |
74.581.091/0002-13 |
|
|
|
|
ADDRESS: |
AVENIDA GUILHERME
COTCHING, 726 4º ANDAR EDIFÍCIO GRAN VILLE - VILA MARIA |
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ZIP CODE/CITY: |
02113-010 SÃO PAULO/SP |
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PHONE: |
11 2633-3000 |
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FAX: |
11 2631-6015 |
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CNPJ: |
74.581.091/0003-02 |
|
STATE REGISTER: |
148.713.285.117 |
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|
|
|
ADDRESS: |
RUA SOLDADO ANTONIO
APARECIDO, 296 PARQUE NOVO MUNDO |
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ZIP CODE/CITY: |
02187-020 SÃO PAULO/SP |
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CNPJ: |
74.581.091/0004-85 |
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|
|
|
ADDRESS: |
AVENIDA TENENTE AMARO
FELICÍSSIMO DA SILVEIRA, 1873 PARQUE NOVO MUNDO |
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ZIP CODE/CITY: |
02177-010 SÃO PAULO/SP |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
WHOLESALE,
IMPORT AND EXPORT OF CHEMICAL PRODUCTS. |
|
LEGAL FORM: |
LIMITED LIABILITY
COMPANY |
|
|
|
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INCORPORATION DATE: |
29/03/1994 |
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REGISTER DATE: |
29/03/1994 |
|
BALANCE SHEET FILING
DATE: |
31/12 |
|
TAX CONTRIBUTOR
NUMBER(CNPJ): |
74.581.091/0001-32 |
|
STATE REGISTER: |
114.224.468.110 |
|
|
|
|
SHARE CAPITAL: |
R$ 200.000,00 |
|
LAST REGISTER OF CAPITAL: |
03/04/2000 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
LORIVAL MARCUSSO BLANCO |
MANAGING PARTNER |
|
ELÓDIA APARECIDA VARCONTE
BLANCO |
MANAGING PARTNER |
AUTHORIZED USE OF SIGNATURE
|
THE MANAGING
PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
LORIVAL MARCUSSO BLANCO |
50% |
|
ELÓDIA APARECIDA VARCONTE
BLANCO |
50% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
A SCAN THROUGH
OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS THE FOLLOWING
UNCONFIRMED HOLDINGS: |
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|
|
|
|
GRAN RESEDA
EMPREENDIMENTOS LTDA |
|
|
MULTIPLIX NEGÓCIOS E
PARTICIPAÇÕES LTDA |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS
ESTABLISHED IN 1994 AS ESSENCIAL SABOR COMERCIO DE ESSENCIAS LTDA TO BE
ENGAGED IN THE SAID LINE OF BUSINESS. ON JANUARY 06, 1995 IT ALTERED TO DOCE
AROMA COMERCIAL LTDA. ON NOVEMBER 17, 2011 IT ADOPTED THE ABOVE-MENTIONED
NAME AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED
HEREIN. TRADE NAME:
"DOCE AROMA". PARTNERS: LORIVAL MARCUSSO
BLANCO: BRAZILIAN, MARRIED, ENTREPRENEUR, HOLDER OF DOCUMENTS RG
5.054.892/SSP-SP AND CPF 644.202.568-34, RESIDENTIAL ADDRESS AT RUA ANTÔNIO
DE LUCENA, 66, APTO 72, BLOCO B-3, TATUAPÉ, ZIP CODE 03407-050, SÃO PAULO/SP; ELÓDIA APARECIDA
VARCONTE BLANCO: BRAZILIAN, MARRIED, ENTREPRENEUR, HOLDER OF DOCUMENTS RG
8.905.182-8/SSP-SP, CPF 811.224.978-49, RESIDENTIAL ADDRESS AT RUA ANTÔNIO DE
LUCENA, 66, APTO 72, BLOCO B-3, TATUAPÉ, ZIP CODE 03407-050, 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 31/12/2011, 31/12/2010 AND 31/12/2009. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
CASH AND BANKS |
921.398,32 |
1.523.380,32 |
3.763.480,21 |
|
CLIENTS |
6.141.446,93 |
3.748.851,12 |
3.142.980,56 |
|
DOUBTFUL DEBTORS |
-555.220,59 |
-423.034,43 |
-298.531,82 |
|
INVENTORY |
6.063.957,79 |
4.234.992,31 |
2.443.687,24 |
|
IMPORTS IN PROGRESS |
815.466,31 |
1.438.422,50 |
800.176,71 |
|
ADVANCES |
46.327,58 |
24.459,02 |
19.671,71 |
|
RECOVERABLE TAXES |
363.053,58 |
388.332,09 |
84.603,16 |
|
PRE PAID EXPENSES |
8.705,70 |
26.342,00 |
16.661,45 |
|
ADVANCE TO SUPPLIERS |
130.449,20 |
71.022,25 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
13.935.584,82 |
11.032.767,18 |
9.972.729,22 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
2.291.721,63 |
1.377.865,45 |
533.703,47 |
|
DEPRECIATIONS |
-793.046,11 |
-622.368,85 |
|
|
INTANGIBLE |
31.070,00 |
13.215,85 |
17.193,81 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
1.529.745,52 |
768.712,45 |
550.897,28 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
15.465.330,34 |
11.801.479,63 |
10.523.626,50 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
SUPPLIERS |
1.735.743,59 |
1.916.653,59 |
1.474.315,58 |
|
LOANS AND FINANCING |
878.520,40 |
1.151.663,79 |
811.693,93 |
|
TRIBUTARY OBLIGATIONS |
1.051.984,45 |
104.047,60 |
516.194,88 |
|
LABOR OBLIGATIONS |
345.733,14 |
253.794,26 |
228.415,15 |
|
SOCIAL OBLIGATIONS |
195.012,62 |
136.779,57 |
102.044,32 |
|
OTHER DEBTS |
241.378,34 |
186.494,09 |
124.330,12 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES
|
4.448.372,54 |
3.749.432,90 |
3.256.993,98 |
|
LONG TERM LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
54.288,92 |
944.171,26 |
1.222.222,22 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM
LIABILITIES |
54.288,92 |
944.171,26 |
1.222.222,22 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
200.000,00 |
200.000,00 |
200.000,00 |
|
ACCRUED PROFIT (LOSS) |
10.762.668,88 |
6.907.875,47 |
5.844.410,30 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
10.962.668,88 |
7.107.875,47 |
6.044.410,30 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
15.465.330,34 |
11.801.479,63 |
10.523.626,50 |
|
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 |
53.559.261,03 |
40.965.286,39 |
42.191.405,93 |
|
(-) TAXES ON SALES |
11.871.629,37 |
9.207.790,89 |
9.833.764,40 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
41.687.631,66 |
31.757.495,50 |
32.357.641,53 |
|
(-) COST OF SOLD GOODS |
27.692.378,20 |
21.937.507,08 |
22.060.606,94 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
13.995.253,46 |
9.819.988,42 |
10.297.034,59 |
|
OPERATING REVENUE
(EXPENSE) |
-6.839.902,11 |
-5.576.630,40 |
-5.867.149,65 |
|
FINANCIAL REVENUE(EXPENSE)
|
-722.252,95 |
-621.856,49 |
-308.007,19 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS)
|
6.433.098,40 |
3.621.501,53 |
4.121.877,75 |
|
NON-OPERATING RESULT |
|
2.160,50 |
83.331,47 |
|
CONTRIBUTION/INCOME TAX |
-2.113.116,54 |
-1.231.518,54 |
-1.441.992,59 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
4.319.981,86 |
2.392.143,49 |
2.763.216,63 |
|
MONTHLY SALES |
|||
|
|
2012 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 5.273.812,54 |
|
|
|
FEBRUARY |
R$ 4.840.626,86 |
|
|
|
MARCH |
R$ 5.002.687,91 |
|
|
|
APRIL |
R$ 5.223.067,54 |
|
|
|
MAY |
R$ 5.805.282,23 |
|
|
|
JUNE |
R$ 5.696.735,20 |
|
|
|
JULY |
R$ 5.913.195,50 |
|
|
|
AUGUST |
R$ 7.130.743,26 |
|
|
|
SEPTEMBER |
R$ 6.456.686,05 |
|
|
|
OCTOBER |
|
|
|
|
NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$ 51.342.837,09 |
|
|
|
RATIOS: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
QUICK RATIO |
1,77 |
|
1,81 |
|
2,31 |
|
|
CURRENT RATIO |
3,13 |
|
2,94 |
|
3,06 |
|
|
ACCOUNTS RECEIVABLE
TURNOVER |
6,79 |
TIMES |
8,47 |
TIMES |
10,30 |
TIMES |
|
DAYS' SALES IN
RECEIVABLES |
53,04 |
DAYS |
42,50 |
DAYS |
34,97 |
DAYS |
|
INVENTORY TURNOVER |
4,57 |
TIMES |
5,18 |
TIMES |
9,03 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
22,56 |
DAYS |
31,45 |
DAYS |
24,06 |
DAYS |
|
RETURN ON ASSETS |
2,70 |
TIMES |
2,69 |
TIMES |
3,07 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
3,80 |
TIMES |
4,47 |
TIMES |
5,35 |
TIMES |
|
NET WORTH TIE-UP |
,21 |
|
,19 |
|
,09 |
|
|
INDEBTEDNESS |
,41 |
|
,66 |
|
,74 |
|
|
EQUITY RATIO |
70,89 |
% |
60,23 |
% |
57,44 |
% |
|
WORKING CAPITAL RATIO |
213,27 |
% |
194,25 |
% |
206,19 |
% |
|
GENERAL SOLVENCY |
3,43 |
|
2,51 |
|
2,35 |
|
|
RETURN ON NET EQUITY |
39,41 |
% |
33,65 |
% |
45,72 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
10,36 |
% |
7,53 |
% |
8,54 |
% |
|
GROSS PROFIT MARGIN |
33,57 |
% |
30,92 |
% |
31,82 |
% |
|
OPERATIONAL RESULT |
15,43 |
% |
11,40 |
% |
12,74 |
% |
|
SALES TURNOVER ON
LIABILITIES |
9,37 |
TIMES |
8,47 |
TIMES |
9,93 |
TIMES |
|
FOREIGN CURRENCY ON
ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON
LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,03 |
- OFFICIAL RATE ON 10/10/2012 |
|
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 FOR 2011 SHOW A GOOD FINANCIAL STANDING. IT HAS HIGH LIQUIDITY RATIOS
AND GOOD WORKING CAPITAL, AS WELL AS LOW LEVEL OF INDEBTEDNESS. IT ALSO SHOWS
GOOD RECOVERY IN SALES AND POSTED PROFIT. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 27.946,22
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 58.918,61
INSURANCE
|
NOT AVAILABLE. |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO BRADESCO S/A |
3397-9 / 11 2423-6900 |
GUARULHOS/SP |
|
BANCO DO BRASIL S/A |
3222-0 / 11 2447-1455 |
GUARULHOS/SP |
|
BANCO ITAÚ S/A |
0771 / 11 4004-1612 |
GUARULHOS/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 CHEMICAL PRODUCTS. |
|
IMPORT AND EXPORT: |
IMPORTS FROM:
|
CHINA, CHILE, INDIA, ARGENTINA, URUGUAY, MEXICO,
NETHERLANDS, FRANCE AND URUGUAY. |
EXPORTS TO:
|
DOES NOT EXPORT. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC CLIENTS: |
|
PHONE: |
|
BANDEIRANTE BRAZMO IND. E
COM. LTDA |
|
11 2179-5616 |
|
CORN PRODUCTS |
|
11 5070-7815 |
|
COTIA FOODS |
|
11 2842-3000 |
|
ICL (ASTARIS) BRASIL |
|
11 2155-4520 |
|
INDUKERN (REIZA) |
|
11 3689-7678 |
|
INDUSTRIA QUÍMICA
ANASTÁCIO S/A |
|
11 2133-6649 |
|
INDUSTRIA QUIMICA RIVER
LTDA |
|
11 2489-2300 |
|
M. CASSAB COMERCIO E
INDUSTRIA LTDA |
|
11 2162-7788 |
|
PURAC SÍNTESE IND E
COMERCIO LTDA |
|
11 3069-3079 |
|
QUIMICA GERAL DO NORDESTE |
|
21 2534-0077 |
|
SASIL DISTRIBUIDORA DE
PRODUTOS QUIMICOS |
|
11 5049-0064 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 60 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT WAS
ESTABLISHED IN 1994. SO FAR IT OPERATES WITH GROWING SCALE OF ACTIVITIES, A
CLEAR TRADE HISTORY AND NO PAYMENT PROBLEMS ARE NOTED. THE COMPANY HAS
TRADE RELATIONS WITH SOME 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: |
|
CARGIL AGRÍCOLA S/A |
|
11 5099-3398 |
|
CORN PRODUTS BRASIL
INGREDIENTES IND. LTDA |
|
11 5070-7815 |
|
COTIA FOODS |
|
11 2842-3000 |
|
DANISCO ANGREDIENTES
BRASIL LTDA |
|
11 4613-3800 |
|
I. P. C. DO NORDESTE LTDA |
|
11 5504-3957 |
|
INDUSTRIA QUÍMICA
ANASTÁCIO S/A |
|
11 2133-6649 |
|
INDUSTRIA QUIMICA RIVER
LTDA |
|
11 2489-2300 |
|
M CASSAB COMERCIO E
INDUSTRIA LTDA |
|
11 2162-7788 |
|
MERCOCITRICO FERMENTAÇÕES
S/A |
|
11 5090-3960 |
|
PURAC SINTESE INDUSTRIA E
COMERCIO LTDA |
|
11 3069-3077 |
|
QUIMICA GERAL DO NORDESTE
S/A |
|
11 4071-6688 |
|
FOREIGN SUPPLIERS: |
COUNTRY: |
|
|
ADMA S/A |
ARGENTINA |
|
|
AVEBE ARGENTINA S/A |
ARGENTINA |
|
|
DSM SPECIAL PRODUCTS |
NETHERLANDS |
|
|
JEBSEN & JESSEN GMBH
& CO |
GERMANY |
|
|
KD FEDDERSEN & CO
UEBERSEEGESELLSCHAT |
GERMANY |
|
|
NEWINGTOM TRADE S/A |
URUGUAY |
|
|
PYOSA S/A DE CV |
MEXICO |
|
|
SANTORIN TRADING CO S/A |
URUGUAY |
|
|
VALMAR ADDITIFS
ALIMENTARES |
FRANCE |
|
|
PAYMENT HISTORY: |
|
06 SUPPLIERS REPORTED
PAYMENTS: |
|
TOTAL AMOUNT: R$ 133.338,00 |
|
|
|
AMOUNT OF INVOICES PAID:
14 |
|
TOTAL OF PROMPT PAYMENTS:
100% |
|
HIGHEST INVOICE: R$
32.597,00 |
|
HIGHEST CREDIT: R$
32.597,00 |
FINAL OPINION
|
THE SUBJECT IS A
WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS. UP TO DATE IT HAS A
GOOD FINANCIAL STANDING, A CLEAR TRADE HISTORY AND GOOD PAYMENT PERFORMANCE. 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 |
90.11 |
$
11,032,767 |
93.49 |
$ 9,972,729 |
94.77 |
|
|
Fixed Assets |
$ 1,529,746 |
9.89 |
$ 768,712 |
6.51 |
$
550,897 |
5.23 |
|
TOTAL ASSETS |
$
15,465,330 |
100.00 |
$
11,801,480 |
100.00 |
$
10,523,627 |
100.00 |
|
LIABILITIES |
|
|
|
|
|
|
|
Current Liabilities |
$ 4,448,373 |
28.76 |
$ 3,749,433 |
31.77 |
$
3,256,994 |
30.95 |
|
Long-Term Liabilities |
$ 54,289 |
0.35 |
$ 944,171 |
8.00 |
$
1,222,222 |
11.61 |
|
TOTAL LIABILITIES |
$ 4,502,661 |
29.11 |
$ 4,693,604 |
39.77 |
$
4,479,216 |
42.56 |
|
Deferred Income |
$ - |
0.00 |
$ - |
0.00 |
$ - |
0.00 |
|
Net Equity |
$ 10,962,669 |
70.89 |
$ 7,107,875 |
60.23 |
$
6,044,410 |
57.44 |
|
TOTAL LIABILITIES + NET EQUITY |
$
15,465,330 |
100.00 |
$
11,801,480 |
100.00 |
$
10,523,627 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
|
|
|
Net Sales |
$
41,687,632 |
100.00 |
$
31,757,496 |
100.00 |
$
32,357,642 |
100.00 |
|
Costs |
$
27,692,378 |
66.43 |
$
21,937,507 |
69.08 |
$
22,060,607 |
68.18 |
|
Gross Profit |
$
13,995,253 |
33.57 |
$
9,819,988 |
30.92 |
$
10,297,035 |
31.82 |
|
Operating expenses |
$
(6,839,902) |
-16.41 |
$
(5,576,630) |
-17.56 |
$
(5,867,150) |
-18.13 |
|
operational Result |
$ 6,433,098 |
15.43 |
$ 3,621,502 |
11.40 |
$
4,121,878 |
12.74 |
|
Net Profit (loss) |
$ 4,319,982 |
10.36 |
$ 2,392,143 |
7.53 |
$
2,763,217 |
8.54 |
|
COMPLEMENTARY DATA |
|
|
|
|
|
|
|
Inventory |
$ 6,063,958 |
|
$ 4,234,992 |
|
$
2,443,687 |
|
|
Accounts receivable |
$ 6,141,447 |
|
$ 3,748,851 |
|
$
3,142,981 |
|
|
Accounts Payable |
$ 1,735,744 |
|
$ 1,916,654 |
|
$
1,474,316 |
|
|
Property, plant and equipment |
$
2,291,722 |
|
$ 1,377,865 |
|
$
533,703 |
|
|
Purchases |
$ 1,529,746 |
|
$ 768,712 |
|
$
550,897 |
|
|
Financial Expenses |
$ (722,253) |
|
$ (621,856) |
|
$ (308,007) |
|
|
Foreign Currency Assets |
|
|
|
|
|
|
|
Foreign Currency Liabilities |
|
|
|
|
|
|
|
Working Capital |
$ 9,487,212 |
|
$ 7,283,334 |
|
$
6,715,735 |
|
|
RATIOS: |
|
|
|
|
|
|
|
QUICK RATIO |
1.77 |
|
1.81 |
|
2.31 |
|
|
CURRENT RATIO |
3.13 |
|
2.94 |
|
3.06 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
6.79 |
times |
8.47 |
times |
10.30 |
times |
|
DAYS' SALES IN RECEIVABLES |
53.04 |
days |
42.50 |
days |
34.97 |
days |
|
INVENTORY TURNOVER |
4.57 |
times |
5.18 |
times |
9.03 |
times |
|
22.56 |
days |
31.45 |
days |
24.06 |
days |
|
|
RETURN ON ASSETS |
2.70 |
times |
2.69 |
times |
3.07 |
times |
|
SALES TURNOVER ON NET EQUIY |
3.80 |
times |
4.47 |
times |
5.35 |
times |
|
NET WORTH TIE-UP |
0.21 |
|
0.19 |
|
0.09 |
|
|
ENDEBTEDNESS |
0.41 |
|
0.66 |
|
0.74 |
|
|
EQUITY RATIO |
70.89 |
% |
60.23 |
% |
57.44 |
% |
|
WORKING CAPITAL RATIO |
213.27 |
% |
194.25 |
% |
206.19 |
% |
|
GENERAL SOLVENCY |
3.43 |
|
2.51 |
|
2.35 |
|
|
RETURN ON NET EQUITY |
39.41 |
% |
33.65 |
% |
45.72 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
10.36 |
% |
7.53 |
% |
8.54 |
% |
|
GROSS PROFIT MARGIN |
33.57 |
% |
30.92 |
% |
31.82 |
% |
|
OPERATIONAL RESULT |
15.43 |
% |
11.40 |
% |
12.74 |
% |
|
SALES TURNOVER ON LIABILITIES |
9.37 |
times |
8.47 |
times |
9.93 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
- |
% |
- |
% |
|
FOREIGN CURRENCY ON LIABILITIES |
- |
% |
- |
% |
- |
% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.70 |
|
UK Pound |
1 |
Rs.84.51 |
|
Euro |
1 |
Rs.68.16 |
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.