MIRA INFORM REPORT
|
Report Date : |
27.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
SIDERQUÍMICA INDÚSTRIA E COMÉRCIO DE PRODUTOS
QUÍMICOS SA |
|
|
|
|
Registered Office : |
Rodovia Br 376 - S/Nº. – Km 625 Caixa Postal: 218 Miringuava Mirim,
Zip Code 83015-000 - São José Dos Pinhais/Pr |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
21.10.1993 |
|
|
|
|
Legal Form : |
Privately Held Corporation |
|
|
|
|
Line of Business : |
Manufacturer of industrial chemicals. |
|
|
|
|
No. of Employees : |
180 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but Correct |
|
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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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% in 2011, and 1.3% in 2012. Unemployment is at historic lows and
Brazil's traditionally high level of income inequality has declined for each of
the last 14 years. Brazil's historically high interest rates have made 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 exchange 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. In an effort to boost growth, in
2012 the administration implemented a somewhat more expansionary monetary
policy that has failed to stimulate much growth.
|
Source : CIA |
Company name
SIDERQUÍMICA INDÚSTRIA E COMÉRCIO DE PRODUTOS QUÍMICOS S/A
Company ADDRESSES
|
MAIN ADDRESS: |
RODOVIA BR 376 - S/Nº. – KM 625 CAIXA POSTAL: 218 MIRINGUAVA MIRIM |
|
ZIP CODE/CITY: |
83015-000 - SÃO JOSÉ DOS PINHAIS/PR |
|
|
|
|
PHONE: |
41 2105-3810 |
|
FAX: |
41 2105-3838 |
|
E-MAIL: |
|
|
WEB SITE: |
|
BRANCHES: |
|
DOES NOT HAVE. |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF INDUSTRIAL CHEMICALS. |
|
LEGAL FORM: |
PRIVATELY
HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
21/10/1993 |
|
REGISTER DATE: |
21/10/1993 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
73.586.976/0001-61 |
|
STATE REGISTER: |
10.507.440-90 |
|
|
|
|
SHARE CAPITAL: |
R$ 21.476.363,00 |
|
LAST REGISTER OF CAPITAL: |
01/04/2008 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
STEFANO BONETTI |
PRESIDENT DIRECTOR |
|
VALDIVINO JOSE DOS REIS |
VICE-PRESIDENT DIRECTOR |
|
RAUL DIAS JUNIOR |
INDUSTRIAL DIRECTOR |
|
REGINALDO DE SOUZA HURGA |
PRODUCTION DIRECTOR |
|
SIDNEY TOSHIAKI MATSUDA |
TECHNICAL DIRECTOR |
AUTHORIZED USE OF SIGNATURE
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
S. BONETTI PARTICIPAÇÕES SOCIETÁRIAS LTDA |
44,9% |
|
THOMAS BONETTI |
27,4% |
|
ALEXANDER BONETTI |
27,4% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
ROCHESA S/A TINTAS E VERNIZES |
|
|
SIDER FACTORING LTDA |
|
|
SANQUIMICA PRODUTOS QUÍMICOS LTDA. |
|
|
TOM DA COR COMÉRCIO DE TINTAS LTDA |
|
|
PLEXBOND QUÍMICA S/A |
|
|
TKL IMP. E EXP. DE PRODUTOS MÉDICOS E HOSPITALARES LTDA |
|
|
VALENTINI INDÚSTRIAS MECÂNICAS LTDA |
|
|
BONETTI IMÓVEIS LTDA. |
|
|
DELSANTO DO BRASIL IMP., EXPORTAÇÃO E COM. DE ALIMENTOS LTDA |
|
|
SANQUIMICA PRODUTOS QUIMICOS LTDA |
|
|
S.B. CORANTES E LOGISTICA LTDA. |
|
|
HURGA E SOARES CONFECÇOES LTDA |
|
|
HURGA & HURGA LTDA |
|
|
SAN STEFANO PARTICIPAÇÕES E EMPREENDIMENTOS |
|
|
NUMISBRAS ND NUMISMATICA E ANTIGUIDADES |
|
|
SIDER FACTORING LTDA |
|
|
EDITORA MADEIRA E TECNOLOGIA LTDA |
|
|
PH - COMPRA VENDA E INCORPORAÇÃO LTDA |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON OCTOBER 21, 1993 AS SIDERQUÍMICA
INDÚSTRIA E COMÉRCIO DE PRODUTOS QUÍMICOS LTDA. TO BE ENGAGED IN THE SAID
LINE OF BUSINESS. FEBRUARY 08 2000 IT ADOPTED THE ABOVE MENTIONED NAME AND UP
TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN. IN JUNE 1995 SUBJECT TOOK OVER THE SPLIT PART OF THE NET EQUITY OF
SANQUIMICA PRODUTOS QUIMICOS LTDA., CNPJ 77.790.319/0001-92. ON FEBRUARY 2000, THE LEGAL FORM WAS CHANGED FROM LIMITED LIABILITY
COMPANY TO PRIVATELY HELD CORPORATION. TRADE NAME: "SIDERQUIMICA" SHAREHOLDERS: S.BONETTI PARTICIPAÇÕES SOCIETÁRIAS LTDA: HEADQUARTERED AT RODOVIA BR- ALEXANDER NONETTI: ITALIAN, MARRIED, HOLDER OF DOCUMENTS RE #
W-008.358-V -SE/DPMAF/DPF AND CPF 864.491.689-00. RESIDENTIAL AT RUA JOHAN
SEBASTIAN BACH, 50, CURITIBA/PR. THOMAS BONETTI: ITALIAN, MARRIED, HOLDER OF DOCUMENTS RE # W-008.360-7
-SE/DPMAF/DPF AND CPF 864.491.929-68. RESIDENTIAL AT AV. VISC. DE GUARAPUAVA,
5405 APTO 1201, CURITIBA/PR. 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 31/12/2012, 31/12/2011 AND 31/12/2010. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
CASH AND BANKS |
147.653,00 |
552.387,00 |
463.713,00 |
|
CLIENTS |
41.028.704,00 |
36.165.643,00 |
37.231.552,00 |
|
INVENTORY |
37.453.284,00 |
39.009.825,00 |
38.201.527,00 |
|
OTHER CREDITS |
3.281.228,00 |
8.934.027,00 |
3.583.394,00 |
|
DIVIDENDS RECEIVABLES |
8.267.665,00 |
2.271.711,00 |
7.942.350,00 |
|
RECOVERABLE TAXES |
3.472.236,00 |
4.130.352,00 |
8.142.771,00 |
|
PREPAID EXPENSES |
538.891,00 |
177.548,00 |
528.614,00 |
|
IMPORTS IN PROGRESS |
900.324,00 |
1.847.156,00 |
601.869,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
95.089.985,00 |
93.088.649,00 |
96.695.790,00 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
INTERCOMPANY CREDITS |
16.000.000,00 |
16.000.000,00 |
3.323.950,00 |
|
ACCOUNTS RECEIVABLES |
4.135.000,00 |
4.835.000,00 |
2.400.000,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
20.135.000,00 |
20.835.000,00 |
5.723.950,00 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
232.321,00 |
164.558,00 |
231.620,00 |
|
FIXED ASSETS |
10.978.064,00 |
10.663.625,00 |
11.717.161,00 |
|
INTANGIBLE |
17.377,00 |
24.729,00 |
33.212,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
11.227.762,00 |
10.852.912,00 |
11.981.993,00 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
126.452.747,00 |
124.776.561,00 |
114.401.733,00 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
SUPPLIERS |
31.615.078,00 |
28.770.218,00 |
24.648.651,00 |
|
LOANS AND FINANCING |
40.120.997,00 |
41.538.804,00 |
33.197.084,00 |
|
LABOR OBLIGATIONS |
1.053.071,00 |
901.294,00 |
832.279,00 |
|
TAXES & CONTRIBUTIONS |
1.980.009,00 |
1.536.973,00 |
9.056.317,00 |
|
DIVIDENDS |
|
1.503.230,00 |
1.540.171,00 |
|
OTHER |
1.190.029,00 |
273.041,00 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
75.959.184,00 |
74.523.560,00 |
69.274.502,00 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
25.212.330,00 |
25.755.861,00 |
20.350.263,00 |
|
TAXES AND CONTRIBUTIONS |
5.897.394,00 |
2.540.942,00 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
31.109.724,00 |
28.296.803,00 |
20.350.263,00 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
21.476.363,00 |
21.476.363,00 |
21.476.363,00 |
|
LEGAL RESERVES |
412.636,00 |
412.636,00 |
178.528,00 |
|
PROFIT (LOSS) OF PERIOD |
-2.572.362,00 |
|
3.099.701,00 |
|
PROFIT RESERVES |
67.201,00 |
67.201,00 |
22.375,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
19.383.838,00 |
21.956.200,00 |
24.776.967,00 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
126.452.746,00 |
124.776.563,00 |
114.401.732,00 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2012, 31/12/2011 AND 31/12/2010. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
GROSS SALES |
250.797.629,00 |
230.871.403,00 |
233.873.728,00 |
|
(-) TAXES ON SALES |
51.358.367,00 |
46.147.200,00 |
49.857.734,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
199.439.262,00 |
184.724.203,00 |
184.015.994,00 |
|
(-) COST OF SOLD GOODS |
132.349.792,00 |
125.219.782,00 |
128.089.998,00 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
67.089.470,00 |
59.504.421,00 |
55.925.996,00 |
|
OPERATING REVENUE (EXPENSE) |
-52.977.632,00 |
-49.389.068,00 |
-47.305.042,00 |
|
FINANCIAL REVENUE(EXPENSE) |
-16.684.200,00 |
-7.692.673,00 |
-3.931.634,00 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
-2.572.362,00 |
2.422.680,00 |
4.689.320,00 |
|
CONTRIBUTION/INCOME TAX |
|
-840.332,00 |
-1.589.619,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
-2.572.362,00 |
1.582.348,00 |
3.099.701,00 |
|
RATIOS: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
QUICK RATIO |
,76 |
|
,73 |
|
,84 |
|
|
CURRENT RATIO |
1,25 |
|
1,25 |
|
1,40 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
4,86 |
TIMES |
5,11 |
TIMES |
4,94 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
74,06 |
DAYS |
70,48 |
DAYS |
72,84 |
DAYS |
|
INVENTORY TURNOVER |
3,53 |
TIMES |
3,21 |
TIMES |
3,35 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
86,00 |
DAYS |
82,71 |
DAYS |
69,28 |
DAYS |
|
RETURN ON ASSETS |
1,58 |
TIMES |
1,48 |
TIMES |
1,61 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
10,29 |
TIMES |
8,41 |
TIMES |
7,43 |
TIMES |
|
NET WORTH TIE-UP |
,57 |
|
,49 |
|
,47 |
|
|
INDEBTEDNESS |
5,52 |
|
4,68 |
|
3,62 |
|
|
EQUITY RATIO |
15,33 |
% |
17,60 |
% |
21,66 |
% |
|
WORKING CAPITAL RATIO |
25,19 |
% |
24,91 |
% |
39,58 |
% |
|
GENERAL SOLVENCY |
1,18 |
|
1,21 |
|
1,28 |
|
|
RETURN ON NET EQUITY |
-13,27 |
% |
7,21 |
% |
12,51 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
-1,29 |
% |
,86 |
% |
1,68 |
% |
|
GROSS PROFIT MARGIN |
33,64 |
% |
32,21 |
% |
30,39 |
% |
|
OPERATIONAL RESULT |
-1,29 |
% |
1,31 |
% |
2,55 |
% |
|
SALES TURNOVER ON LIABILITIES |
2,63 |
TIMES |
2,48 |
TIMES |
2,66 |
TIMES |
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,02 |
- OFFICIAL RATE ON 24/04/2013 |
|
US$ 1,00 = R$ 2,04 |
- OFFICIAL RATE ON 31/12/2012 |
|
US$ 1,00 = R$ 1,87 |
- OFFICIAL RATE ON 31/12/2011 |
|
US$ 1,00 = R$ 1,66 |
- OFFICIAL RATE ON 31/12/2010 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE ANNUAL FIGURES FOR 2012 SHOW A DELICATE FINANCIAL STANDING. THE LEVEL
OF INDEBTEDNESS WAS VERY HIGH AND MAINLY IS COMPRISED BY SHORT AND LONG TERM
FINANCIAL DEBTS. DESPITE THIS SCENARIO IT HAS GOOD CURRENT RATIO AND POSITIVE
WORKING CAPITAL. IT SHOWS GROWING SALES BUT THE HIGH OPERATING AND FINANCIAL
EXPENSES DROVE THE COMPANY TO MAKE LOSS. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 1.895.514,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 1.551.451,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 2.408.661,00
INSURANCE
|
INSURANCE COMPANY: |
MARITIMA SEGUROS S/A |
|
COVERAGE: |
FIRE, RAY, EXPLOSION AND STRIKE |
|
VALUE: |
R$ 40.000.000,00 |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO BRADESCO S/A |
3645-5 / 41 3026-9769 |
CURITIBA/PR |
|
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 INDUSTRIAL CHEMICALS,
SUCH AS: LUBRICANTS, ANTICORROSIVE SUBSTANCES, HYDRAULIC FLUIDS AND PRODUCTS
FOR THE STEEL, TEXTILE, PLASTIC, PAPER AND GLASS INDUSTRIES. THE SUBJECT MAY ALSO IMPORT, EXPORT AND PARTICIPATE IN OTHER
BUSINESSES. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
UNITED STATES, GERMANY, CHINA, HOLLAND, SWEDEN AND TAIWAN. |
EXPORTS TO:
|
CHILE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
IGARAS PAPEIS |
|
|
|
TEKA TECELAGEM |
|
|
|
VOTORANTIM CELULOSE E PAPEL |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 180 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A COMPANY IN BUSINESS SINCE 1993. IT HAS A SUCCESSFUL
TRADE HISTORY AND HAS BEEN OPERATING WITHOUT ANY INCONVENIENT. IT HAS A CLEAR
TRADE HISTORY AND GOOD REPUTATION, BEING IN RELATION WITH IMPORTANT SUPPLIERS
AND CUSTOMERS IN THE LOCAL MARKET. 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: |
|
A. AZEVEDO IND. E COM. DE OLEOS LTDA |
|
11 3806-4800 |
|
AKZO NOBEL LTDA. |
|
11 4591-8800 |
|
ARCH QUIMICA BRASIL LTDA |
|
11 4028-8036 |
|
BANDEIRANTE BRAZMO IND. E COM. LTDA |
|
47 3438-6721 |
|
BASF S/A |
|
11 4343-2958 |
|
BLUESTAR SILICONES BRASIL LTDA |
|
19 3874-8068 |
|
BORDEN QUÍMICA S/A |
|
41 3212-1600 |
|
BRENNTAG QUÍMICA BRASIL LTDA |
|
47 2105-1000 |
|
BRESSAN IND. COM. EMBALAGENS |
|
51 3466-8765 |
|
BUCKMAN LABORATÓRIOS LTDA |
|
19 3864-5000 |
|
BUSCHLE & LEPPER S/A |
|
41 3275-7577 |
|
CELANESE CHEMICALS |
|
11 5683-7427 |
|
CERALIT S/A |
|
19 3281-1488 |
|
CLARIANT S/A |
|
11 5683-7553 |
|
COINBRA FRUTESP S/A |
|
17 3344-6056 |
|
DOW CORNING DO BRASIL LTDA. |
|
19 3887-9797 |
|
DOW QUÍMICA S/A |
|
11 5188-9162 |
|
DU PONT DO BRASIL S/A |
|
11 4166-8135 |
|
FOOTHILLS IND. E COM. LTDA |
|
11 5033-2888 |
|
GE-OSI IND. DE SILICONES LTDA |
|
11 4789-8321 |
|
INNOVA S/A |
|
11 5507-6227 |
|
IPIRANGA COMERCIAL QUÍMICA S/A |
|
0800-5102418 |
|
IQ SOLUÇÕES & QUIMICA S/A |
|
0800-7017741 |
|
LANXESS LTDA |
|
11 3741-1539 |
|
M. CASSAB COM. E IND. LTDA |
|
|
|
MAKENI CHEMICALS COM. IND. QUIMICA. LTDA |
|
11 4360-6400 |
|
MOMENTIVE PERFOMANCE LTDA |
|
11 4534-9600 |
|
OXITENO S/A IND. COM. |
|
11 3177-6666 |
|
PETROBRAS DISTRIBUIDORA S/A-BR |
|
47 3348-6735 |
|
QUAKER CHEMICAL IND. COM. S/A |
|
21 3305-1800 |
|
RIGESA CELULOSE, PAPEL E EMBALAGENS |
|
47 3221-5333 |
|
ROYALPLAST IND. E COMÉRCIO LTDA |
|
11 6462-2600 |
|
SNF DO BRASIL LTDA |
|
11 2303-4290 |
|
SOLVAY QUÍMICA LTDA |
|
11 3708-5276 |
|
SULATLANTICA IMP. E EXP. LTDA |
|
21 2471-4923 |
|
SYNTEKO S/A |
|
41 2105-7526 |
|
ULTRAFERTIL S/A |
|
13 3362-0317 |
|
UNA PROSIL LTDA |
|
11 4898-8090 |
|
WACKER QUIMICA DO BRASIL LTDA |
|
11 4789-8320 |
|
PAYMENT HISTORY: |
|
09 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 2.235.384,00 |
|
|
|
AMOUNT OF INVOICES PAID: 94 |
|
TOTAL OF PROMPT PAYMENTS: 90,7% |
|
TOTAL OF DELAYED PAYMENTS: 9,3% |
|
|
|
HIGHEST INVOICE: R$ 209.000,00 |
|
HIGHEST CREDIT: R$ 209.000,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
3 |
3 |
R$ 26.617,38 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. UP TO DATE IT HAS A DELICATE FINANCIAL STANDING BUT A CLEAR TRADE
HISTORY AND GOOD 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. |
|
|
|
|
|
|
|
|
|
BALANCE SHEET ANALYSIS |
FIGURES ARE IN REAIS |
|
|
|
|
|
|
|
31/12/2012 |
|
31/12/2011 |
|
31/12/2010 |
|
|
ASSETS |
|
% |
|
% |
|
% |
|
Current Assets |
75.20 |
$
93,088,649 |
74.60 |
$
96,695,790 |
84.52 |
|
|
Fixed Assets |
$
11,227,762 |
8.88 |
$
10,852,912 |
8.70 |
$
11,981,993 |
10.47 |
|
TOTAL ASSETS |
$
126,452,747 |
100.00 |
$
124,776,561 |
100.00 |
$
114,401,733 |
100.00 |
|
LIABILITIES |
|
|
|
|
|
|
|
Current Liabilities |
$
75,959,184 |
60.07 |
$
74,523,560 |
59.73 |
$
69,274,502 |
60.55 |
|
Long-Term Liabilities |
$
31,109,724 |
24.60 |
$
28,296,803 |
22.68 |
$
20,350,263 |
17.79 |
|
TOTAL LIABILITIES |
$
107,068,908 |
84.67 |
$
102,820,363 |
82.40 |
$
89,624,765 |
78.34 |
|
Deferred Income |
$ - |
0.00 |
$ - |
0.00 |
$ - |
0.00 |
|
Net Equity |
$
19,383,838 |
15.33 |
$
21,956,200 |
17.60 |
$
24,776,967 |
21.66 |
|
TOTAL LIABILITIES + NET EQUITY |
$
126,452,746 |
100.00 |
$
124,776,563 |
100.00 |
$
114,401,732 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
|
|
|
Net Sales |
$
199,439,262 |
100.00 |
$
184,724,203 |
100.00 |
$
184,015,994 |
100.00 |
|
Costs |
$
132,349,792 |
66.36 |
$
125,219,782 |
67.79 |
$
128,089,998 |
69.61 |
|
Gross Profit |
$
67,089,470 |
33.64 |
$
59,504,421 |
32.21 |
$
55,925,996 |
30.39 |
|
Operating expenses |
$
(52,977,632) |
-26.56 |
$
(49,389,068) |
-26.74 |
$
(47,305,042) |
-25.71 |
|
operational Result |
$
(2,572,362) |
-1.29 |
$ 2,422,680 |
1.31 |
$
4,689,320 |
2.55 |
|
Net Profit (loss) |
$
(2,572,362) |
-1.29 |
$
1,582,348 |
0.86 |
$
3,099,701 |
1.68 |
|
COMPLEMENTARY DATA |
|
|
|
|
|
|
|
Inventory |
$
37,453,284 |
|
$
39,009,825 |
|
$
38,201,527 |
|
|
Accounts receivable |
$
41,028,704 |
|
$
36,165,643 |
|
$
37,231,552 |
|
|
Accounts Payable |
$
31,615,078 |
|
$
28,770,218 |
|
$
24,648,651 |
|
|
Property, plant and equipment |
$
10,978,064 |
|
$
10,663,625 |
|
$
11,717,161 |
|
|
Purchases |
$
11,227,762 |
|
$
10,852,912 |
|
$
11,981,993 |
|
|
Financial Expenses |
$
(16,684,200) |
|
$
(7,692,673) |
|
$
(3,931,634) |
|
|
Foreign Currency Assets |
|
|
|
|
|
|
|
Foreign Currency Liabilities |
|
|
|
|
|
|
|
Working Capital |
$
19,130,801 |
|
$
18,565,089 |
|
$
27,421,288 |
|
|
RATIOS: |
|
|
|
|
|
|
|
QUICK RATIO |
0.76 |
|
0.73 |
|
0.84 |
|
|
CURRENT RATIO |
1.25 |
|
1.25 |
|
1.40 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
4.86 |
times |
5.11 |
times |
4.94 |
times |
|
DAYS' SALES IN RECEIVABLES |
74.06 |
days |
70.48 |
days |
72.84 |
days |
|
INVENTORY TURNOVER |
3.53 |
times |
3.21 |
times |
3.35 |
times |
|
86.00 |
days |
82.71 |
days |
69.28 |
days |
|
|
RETURN ON ASSETS |
1.58 |
times |
1.48 |
times |
1.61 |
times |
|
SALES TURNOVER ON NET EQUIY |
10.29 |
times |
8.41 |
times |
7.43 |
times |
|
NET WORTH TIE-UP |
0.57 |
|
0.49 |
|
0.47 |
|
|
ENDEBTEDNESS |
5.52 |
|
4.68 |
|
3.62 |
|
|
EQUITY RATIO |
15.33 |
% |
17.60 |
% |
21.66 |
% |
|
WORKING CAPITAL RATIO |
25.19 |
% |
24.91 |
% |
39.58 |
% |
|
GENERAL SOLVENCY |
1.18 |
|
1.21 |
|
1.28 |
|
|
RETURN ON NET EQUITY |
(13.27) |
% |
7.21 |
% |
12.51 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
(1.29) |
% |
0.86 |
% |
1.68 |
% |
|
GROSS PROFIT MARGIN |
33.64 |
% |
32.21 |
% |
30.39 |
% |
|
OPERATIONAL RESULT |
(1.29) |
% |
1.31 |
% |
2.55 |
% |
|
SALES TURNOVER ON LIABILITIES |
2.63 |
times |
2.48 |
times |
2.66 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
- |
% |
- |
% |
|
FOREIGN CURRENCY ON LIABILITIES |
- |
% |
- |
% |
- |
% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.29 |
|
UK Pound |
1 |
Rs.83.88 |
|
Euro |
1 |
Rs.70.68 |
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.