MIRA INFORM REPORT

 

 

Report Date :

17.09.2012

 

IDENTIFICATION DETAILS

 

Name :

SINTENAC INDÚSTRIA E COMÉRCIO DE PRODUTOS SINTÉTICOS LTDA

 

 

Registered Office :

Rua Pernambuco,170 - Esquina Com A Rua Bahia - Vila Oriental , Zip Code 09941-720 - Diadema/Sp

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

28.10.1989

 

 

Legal Form :

Manufacture of chemical products

 

 

Line of Business :

Limited Liability Company

 

 

No. of Employees :

19 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

 

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 & address 

 

SINTENAC INDÚSTRIA E COMÉRCIO DE PRODUTOS SINTÉTICOS LTDA

 

 

Company ADDRESSES

 

MAIN ADDRESS:

RUA PERNAMBUCO,170 - ESQUINA COM A RUA BAHIA - VILA ORIENTAL

ZIP CODE/CITY:

09941-720 - DIADEMA/SP

 

 

PHONE:

11 4075-3711

FAX:

11 4075-3711

E-MAIL:

afonsohenrique@sintenac.com.br

WEB SITE:

www.sintenac.com.br

 

BRANCHES:

 

NOT AVAILABLE.

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF CHEMICAL PRODUCTS.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

28/10/1989

REGISTER DATE:

28/10/1989

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

61.976.916/0001-76

STATE REGISTER:

286.090.102.118

 

 

SHARE CAPITAL:

R$ 50.000,00

LAST REGISTER OF CAPITAL:

02/01/1999

 

BOARD OF DIRECTORS:

 

 

 

LUIS FONTANILLAS VAL

MANAGER

JOSÉ ANTONIO FONTANILLAS VAL

MANAGER

CESAR GONZALEZ LOPEZ

MANAGER

AFONSO HENRIQUE JECK GARCIA

MANAGER

 

AUTHORIZED USE OF SIGNATURE

 

THE MANAGERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

 

SHAREHOLDERS / PARTNERS:

 

 

 

LUIS FONTANILLAS VAL

25%

JOSÉ ANTONIO FONTANILLAS VAL

25%

CESAR GONZALEZ LOPEZ

25%

AFONSO HENRIQUE JECK GARCIA

25%

 

AFFILIATES / SUBSIDIARIES:

 

 

 

NO SHARE INTERESTS IN OTHER COMPANIES WERE NOTED.

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON OCTOBER 28, 1989 TO BE ENGAGED IN THE SAID LINE OF BUSINESS.

 

TRADE NAME: "SINTENAC".

 

PARTNERS:

 

LUIS FONTANILLAS VAL: SPANISH, MARRIED, INDUSTRIAL, HOLDER OF DOCUMENTS RG/RNE W 398296 - Q SE/DPMAF AND CPF 839.058.048-91, RESIDENTIAL ADDRESS AT AVENIDA WASHINGTON LUIZ, 517, APTO 81, ZIP CODE 11055-001, BAIRRO BOQUEIRÃO, SANTOS/SP;

 

JOSÉ ANTONIO FONTANILLAS VAL: SPANISH, MARRIED, INDUSTRIAL, HOLDER OF DOCUMENTS RG/RNE W 564987 - N SE/DPMAF AND CPF 008.925.128-81, RESIDENTIAL ADDRESS AT RUA JOÃO FERNANDES, 145, APTO 91, ZIP CODE 09090-740, BAIRRO VILA ALPINA, SÃO PAULO/SP;

 

CESAR GONZALEZ LOPEZ: BRAZILIAN, DIVORCED, INDUSTRIAL, HOLDER OF DOCUMENTS RG 9.369.842 SSP/SP AND CPF 094.761.588-16, RESIDENTIAL ADDRESS AT AVENIDA SÃO PAULO ANTIGO, 500, APTO 84, ZIP CODE 05684-011, BAIRRO REAL PARQUE, SÃO PAULO/SP;

 

AFONSO HENRIQUE JECK GARCIA: BRAZILIAN, MARRIED, INDUSTRIAL, HOLDER OF DOCUMENTS RG 9.198.960-7 SSP/SP AND CPF 068.935.318-93, RESIDENTIAL ADDRESS AT RUA MARANHÃO, 862, APTO 21, ZIP CODE 09541-001, BAIRRO SANTA PAULA, SÃO CAETANO DO SUL/SP.

 

FURTHER DETAILS 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

13.791,75

8.206,26

4.767,49

BANKS

4.144.224,52

4.795.211,85

4.453.643,26

CLIENTS

1.540.153,85

1.016.819,11

1.217.402,94

RECOVERABLE TAXES

84.692,60

84.692,60

84.692,60

ADVANCE TO SUPPLIERS

 

124.000,00

 

ADVANCE TO EMPLOYEES

582,93

15.139,54

12.234,80

IMPORTS IN PROGRESS

21.382,57

4.638,74

2.595,94

INVENTORY

1.822.770,86

1.870.188,55

2.032.037,64

PRE PAID EXPENSES

10.657,02

17.531,94

11.975,10

OTHER

 

573,89

 

 

----------------

----------------

----------------

TOTAL CURRENT ASSETS

7.638.256,10

7.937.002,48

7.819.349,77

 

FIXED ASSETS:

 

 

 

 

 

 

 

FIXED ASSETS

1.306.081,69

1.199.461,64

1.441.055,03

INTANGIBLE

18.570,44

18.570,44

18.570,44

 

----------------

----------------

----------------

TOTAL FIXED ASSETS

1.324.652,13

1.218.032,08

1.459.625,47

 

================

================

================

TOTAL ASSETS

8.962.908,23

9.155.034,56

9.278.975,24

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2011

31/12/2010

31/12/2009

 

 

 

 

SUPPLIERS

364.228,54

221.830,70

440.088,87

TAXES & CONTRIBUTIONS

366.482,89

258.946,16

108.992,34

PROVISIONS

 

 

107.809,84

SOCIAL / LABOR OBLIGATIONS

22.881,44

23.317,26

21.679,10

OTHER

1.249,08

2.944,01

3.991,16

 

----------------

----------------

----------------

TOTAL CURRENT LIABILITIES

754.841,95

507.038,13

682.561,31

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

50.000,00

50.000,00

50.000,00

CAPITAL RESERVES

21.893,55

21.893,55

21.893,55

ACCRUED PROFIT (LOSS)

-,02

 

3.113.046,71

PROFIT (LOSS) OF PERIOD

 

 

5.411.473,67

PROFIT RESERVES

8.136.172,75

8.576.102,90

 

 

----------------

----------------

----------------

TOTAL NET EQUITY

8.208.066,28

8.647.996,45

8.596.413,93

 

================

================

================

TOTAL LIABILITIES

8.962.908,23

9.155.034,58

9.278.975,24

 

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

18.037.051,16

17.147.416,83

16.325.794,63

(-) TAXES ON SALES

4.048.974,38

3.384.623,05

3.222.244,63

 

----------------

----------------

----------------

NET SALES

13.988.076,78

13.762.793,78

13.103.550,00

(-) COST OF SOLD GOODS

7.227.758,34

6.808.744,72

6.031.606,34

 

----------------

----------------

----------------

GROSS PROFIT

6.760.318,44

6.954.049,06

7.071.943,66

OPERATING REVENUE (EXPENSE)

-1.257.652,95

-1.224.403,52

-1.215.776,44

FINANCIAL REVENUE(EXPENSE)

-3.331,36

12.033,93

34.198,23

 

----------------

----------------

----------------

OPERATIONAL PROFIT (LOSS)

5.499.334,13

5.741.679,47

5.890.365,45

NON-OPERATING RESULT

-29.264,00

 

 

CONTRIBUTION/INCOME TAX

-513.054,62

-504.140,44

-478.891,78

 

----------------

----------------

----------------

NET PROFIT (LOSS)

4.957.015,51

5.237.539,03

5.411.473,67

 

MONTHLY SALES

 

  2012

 

 

 

---------------------

 

 

JANUARY

R$ 1.355.610,00

 

 

FEBRUARY

R$ 891.045,00

 

 

MARCH

R$ 1.051.399,00

 

 

APRIL

R$ 1.177.023,00

 

 

MAY

R$ 1.322.456,00

 

 

JUNE

R$ 1.572.054,00

 

 

JULY

R$ 1.615.513,00

 

 

AUGUST

R$ 1.170.188,00

 

 

SEPTEMBER

 

 

 

OCTOBER

 

 

 

NOVEMBER

 

 

 

DECEMBER

 

 

 

TOTAL

R$ 10.155.288,00

 

 

 

RATIOS:

31/12/2011

31/12/2010

31/12/2009

 

QUICK RATIO

7,70

 

11,97

 

8,48

 

CURRENT RATIO

10,12

 

15,65

 

11,46

 

ACCOUNTS RECEIVABLE TURNOVER

9,08

TIMES

13,54

TIMES

10,76

TIMES

DAYS' SALES IN RECEIVABLES

39,64

DAYS

26,60

DAYS

33,45

DAYS

INVENTORY TURNOVER

3,97

TIMES

3,64

TIMES

2,97

TIMES

ACCOUNTS PAYABLE PERIOD

18,14

DAYS

11,73

DAYS

26,27

DAYS

RETURN ON ASSETS

1,56

TIMES

1,50

TIMES

1,41

TIMES

SALES TURNOVER ON NET EQUITY

1,70

TIMES

1,59

TIMES

1,52

TIMES

NET WORTH TIE-UP

,16

 

,14

 

,17

 

INDEBTEDNESS

,09

 

,06

 

,08

 

EQUITY RATIO

91,58

%

94,46

%

92,64

%

WORKING CAPITAL RATIO

911,90

%

1.465,37

%

1.045,59

%

GENERAL SOLVENCY

11,87

 

18,06

 

13,59

 

RETURN ON NET EQUITY

60,39

%

60,56

%

62,95

%

RETURN ON SALES (PROFIT MARGIN)

35,44

%

38,06

%

41,30

%

GROSS PROFIT MARGIN

48,33

%

50,53

%

53,97

%

OPERATIONAL RESULT

39,31

%

41,72

%

44,95

%

SALES TURNOVER ON LIABILITIES

18,53

TIMES

27,14

TIMES

19,20

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,02

 - OFFICIAL RATE ON 13/09/2012

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 GOOD FINANCIAL STANDING. IT IS NOTED HIGH LIQUIDITY RATIOS AND GOOD WORKING CAPITAL AMOUNT, AS WELL AS VERY LOW LEVEL OF INDEBTEDNESS. IN ADDITION IT IS NOTED GROWING SALES AND HIGH PROFIT WAS MADE.

 

 

REAL ESTATE:

 NOT AVAILABLE

 

VEHICLES:

OWNED VEHICLES ARE VALUED AT R$ 1.000.000,00

 

MACHINES:

OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 1.800.000,00

 

 

INSURANCE

 

INSURANCE COMPANY:

GENERALLI

COVERAGE:

BUILDING / MATERIAL / EQUIPMENTS

 

 

INSURANCE COMPANY:

PORTO SEGURO

COVERAGE:

VEHICLES

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

CITY:

BANCO SANTANDER (BRASIL) S/A

0613   / 11 4043-3566

DIADEMA/SP

BANCO DO BRASIL S/A

3357-X / 11 2833-6321

SÃO BERNARDO DO CAMPO/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 MANUFACTURE OF CHEMICAL PRODUCTS, WITH ITS CORE PRODUCTS BEING ANTI-CORROSIVE ADDITIVES AND ANTI-OXIDANTS IN GENERAL.

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

UNITED STATES, SWITZERLAND, GERMANY, INDIA AND CHINA.

 

TOTAL, US$ 1.800.000,00 (ANNUALLY).

 

   EXPORTS TO:

ARGENTINA.

 

TOTAL, US$ 300.000,00 (ANNUALLY).

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

PHONE:

ALESAT

 

11 6168-2013

CHEVRON

 

11 3687-5033

COPERSUCAR

 

 

IMBRAMIL

 

11 4035-7600

OXITENO

 

11 3177-6028

SGH

 

19 3583-9129

TEXACO

 

11 3687-5033

TIRRENO

 

11 4053-3333

 

STAFF:

 

THE COMPANY HAS: 19 EMPLOYEE(S)

 

CONCEPT AND FULFILMENT

 

THE SUBJECT WAS ESTABLISHED IN 1989. SO FAR IT OPERATES WITH GROWING SCALE OF ACTIVITIES, A CLEAR TRADE HISTORY AND FAVORABLE TRADE REPUTATION.

 

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.

 

NEVERTHELESS, AS NO DETRIMENTAL RECORDS AND NO PAYMENT DELAYS ARE REGISTERED IT MAY BE NOTED THAT THE COMPANY MEETS ITS TRADE COMMITMENTS PROPERLY.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

PHONE:

AMCOR PET PACKAGING DO BRASIL LTDA

 

19 3878-9023

BRASILBOR COM. E REPRES. LTDA

 

11 5851-6250

DOW CORNING

 

 

IPPLAST IND PAULISTA DE PLÁSTICOS LTDA.

 

11 4652-7400

MAUSER CIA DE EMBALAGENS INDUSTRIAIS S.A

 

21 2761-7418

METALÚRGICA BARRA DO PIRAÍ S/A

 

21 3868-5220

OXITENO NORDESTE S/A. IND. E COMÉRCIO

 

11 3177-6192

SOLVAY QUÍMICA LTDA

 

11 3708-5100

VEDAT TAMPAS HERMÉTICAS LTDA

 

11 2133-1200

 

FOREIGN SUPPLIERS:

COUNTRY:

PHONE:

BASF

GERMANY

11 4343-2932

EMERALD MATERIALS

UNITED STATES

513 841-3752

NOVEON HILTON DAVIS

UNITED STATES

513 841-3752

VIDHI

INDIA

5122 2351-4349

 

PAYMENT HISTORY:

 

2 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 2.501,00

 

AMOUNT OF INVOICES PAID: 3

TOTAL OF PROMPT PAYMENTS: 100%

HIGHEST INVOICE: R$ 1.177,00

HIGHEST CREDIT: R$ 1.177,00

 

 

FINAL OPINION

 

THE SUBJECT HAS BEEN IN BUSINESS SINCE 1989. UP TO DATE IT OPERATES WITH A GOOD FINANCIAL STANDING, A CLEAR TRADE HISTORY AND GOOD REPUTATION.

 

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.

 

 

SINTENAC INDÚSTRIA E COMÉRCIO DE PRODUTOS SINTÉTICOS LTDA

 

 

 

 

 

 

BALANCE SHEET ANALYSIS

FIGURES ARE IN REAIS

 

 

 

 

 

 

31/12/2011

 

31/12/2010

 

31/12/2009

 

ASSETS

 

%

 

%

 

%

Current Assets

 $              7,638,256

85.22

 $              7,937,002

86.70

 $          7,819,350

84.27

Fixed Assets

 $              1,324,652

14.78

 $              1,218,032

13.30

 $          1,459,625

15.73

TOTAL ASSETS

 $              8,962,908

100.00

 $              9,155,035

100.00

 $          9,278,975

100.00

LIABILITIES

 

 

 

 

 

 

Current Liabilities

 $                 754,842

8.42

 $                 507,038

5.54

 $             682,561

7.36

Long-Term Liabilities

 $                            -  

0.00

 $                            -  

0.00

 $                        -  

0.00

TOTAL LIABILITIES

 $                 754,842

8.42

 $                 507,038

5.54

 $             682,561

7.36

Deferred Income

 $                            -  

0.00

 $                            -  

0.00

 $                        -  

0.00

Net Equity

 $              8,208,066

91.58

 $              8,647,996

94.46

 $          8,596,414

92.64

TOTAL LIABILITIES + NET EQUITY

 $              8,962,908

100.00

 $              9,155,035

100.00

 $          9,278,975

100.00

PROFIT AND LOSS ACCOUNTS

 

 

 

 

 

 

Net Sales

 $            13,988,077

100.00

 $            13,762,794

100.00

 $        13,103,550

100.00

Costs

 $              7,227,758

51.67

 $              6,808,745

49.47

 $          6,031,606

46.03

Gross Profit

 $              6,760,318

48.33

 $              6,954,049

50.53

 $          7,071,944

53.97

Operating expenses

 $             (1,257,653)

-8.99

 $             (1,224,404)

-8.90

 $         (1,215,776)

-9.28

operational Result

 $              5,499,334

39.31

 $              5,741,679

41.72

 $          5,890,365

44.95

Net Profit (loss)

 $              4,957,016

35.44

 $              5,237,539

38.06

 $          5,411,474

41.30

COMPLEMENTARY DATA

 

 

 

 

 

 

Inventory

 $              1,822,771

 

 $              1,870,189

 

 $          2,032,038

 

Accounts receivable

 $              1,540,154

 

 $              1,016,819

 

 $          1,217,403

 

Accounts Payable

 $                 364,229

 

 $                 221,831

 

 $             440,089

 

Property, plant and equipment

 $              1,306,082

 

 $              1,199,462

 

 $          1,441,055

 

Purchases

 $              1,324,652

 

 $              1,218,032

 

 $          1,459,625

 

Financial Expenses

 $                    (3,331)

 

 $                   12,034

 

 $               34,198

 

Foreign Currency Assets

 

 

 

 

 

 

Foreign Currency Liabilities

 

 

 

 

 

 

Working Capital

 $              6,883,414

 

 $              7,429,964

 

 $          7,136,788

 

RATIOS:

 

 

 

 

 

 

QUICK RATIO

                           7.70

 

                         11.97

 

                       8.48

 

CURRENT RATIO

                         10.12

 

                         15.65

 

                     11.46

 

ACCOUNTS RECEIVABLE TURNOVER

                           9.08

times

                         13.54

times

                     10.76

times

DAYS' SALES IN RECEIVABLES

                         39.64

days

                         26.60

days

                     33.45

days

INVENTORY TURNOVER

                           3.97

times

                           3.64

times

                       2.97

times

ACCOUNTS PAYABLE PERIOD

                         18.14

days

                         11.73

days

                     26.27

days

RETURN ON ASSETS

                           1.56

times

                           1.50

times

                       1.41

times

SALES TURNOVER ON NET EQUIY

                           1.70

times

                           1.59

times

                       1.52

times

NET WORTH TIE-UP

                           0.16

 

                           0.14

 

                       0.17

 

ENDEBTEDNESS

                           0.09

 

                           0.06

 

                       0.08

 

EQUITY RATIO

                         91.58

%

                         94.46

%

                     92.64

%

WORKING CAPITAL RATIO

                       911.90

%

                   1,465.37

%

               1,045.59

%

GENERAL SOLVENCY

                         11.87

 

                         18.06

 

                     13.59

 

RETURN ON NET EQUITY

                         60.39

%

                         60.56

%

                     62.95

%

RETURN ON SALES (PROFIT MARGIN)

                         35.44

%

                         38.06

%

                     41.30

%

GROSS PROFIT MARGIN

                         48.33

%

                         50.53

%

                     53.97

%

OPERATIONAL RESULT

                         39.31

%

                         41.72

%

                     44.95

%

SALES TURNOVER ON LIABILITIES

                         18.53

times

                         27.14

times

                     19.20

times

FOREIGN CURRENCY ON ASSETS

                               -  

%

                               -  

%

                           -  

%

FOREIGN CURRENCY ON LIABILITIES

                               -  

%

                               -  

%

                           -  

%

 

 

 

 

 

 

 


FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.73

UK Pound

1

Rs.88.61

Euro

1

Rs.71.34

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.