MIRA
INFORM REPORT
|
Report Date : |
07.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
SINTEQUIMICA DO BRASIL LTDA |
|
|
|
|
Registered Office : |
Rodovia Presidente Tancredo De Almeida Neves, Km,35 Sp332 - Bairro Serpa,
Zip Code 07700-000 - Caieiras/Sp |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
18.02.1954 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Production of organic and non-organic pigments for the plastic,
textile, painting and pesticide industry. |
|
|
|
|
No. of Employees : |
70 |
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 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
SINTEQUIMICA DO
BRASIL LTDA
company ADDRESSES
|
MAIN ADDRESS: |
RODOVIA PRESIDENTE TANCREDO DE ALMEIDA NEVES, KM,35 SP332 - BAIRRO
SERPA |
|
ZIP CODE/CITY: |
07700-000 - CAIEIRAS/SP |
|
|
|
|
PHONE: |
11 4605-7780 |
|
FAX: |
11 4605-7780 |
|
E-MAIL: |
|
|
WEB SITE: |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
AVENIDA VASCO RODRIGUES,360 GALPÃO P - BAIRRO PEIXINHOS |
|
ZIP CODE/CITY: |
53220-130 OLINDA/PE |
|
PHONE: |
81 3241-0766 |
|
FAX: |
81 3241-1133 |
|
CNPJ: |
10.576.411/0001-83 |
|
STATE REGISTER: |
0007273-77 |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
PRODUCTION OF ORGANIC AND NON-ORGANIC PIGMENTS FOR THE PLASTIC,
TEXTILE, PAINTING AND PESTICIDE INDUSTRY. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
18/02/1954 |
|
REGISTER DATE: |
18/02/1954 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
10.576.411/0003-45 |
|
STATE REGISTER: |
239.075.110.110 |
|
|
|
|
SHARE CAPITAL: |
R$ 9.000.000,00 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
JOSE CLARINDO DE MACEDO |
MANAGING PARTNER |
|
SILVINO PEDRO DA SILVA |
MANAGING PARTNER |
AUTHORIZED USE OF SIGNATURE:
|
THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
SILVINO PEDRO DA SILVA |
50% |
|
JOSE CLARINDO DE MACEDO |
50% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
NO SHARE INTERESTS IN OTHER COMPANIES WERE REPORTED. |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON FEBRUARY 18, 1954 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS. THE COMPANY OPERATES WITH THE TRADE NAME "SINTEQUIMICA". THE COMPANY WAS AWARDED THE CERTIFICATION ISO 9001:2000, AND WAS
AWARDED IN JULY 2004 THE ENVIRONMENT MANAGEMENT CERTIFICATION AS PER ISO
14001 IN OLINDA/PE. BUSINESS ADDRESS HAS CHANGED FROM (AVENIDA ANTÔNIO DA COSTA AZEVEDO,
90 - BAIRRO PEIXINHOS, OLINDA/PE) TO THE PRESENT REGISTERED ONE. PARTNERS: JOSÉ CLARINDO DE MACEDO: BRAZILIAN, MARRIED, ENTREPRENEUR, HOLDER OF
DOCUMENTS CPF 030.316.598-72 AND RG 4.205.996 SSP/SP, RESIDENTIAL ADDRESS AT
RUA ANTONIO AFONSO, 15, APTO 151, VILA NOVA CONCEIÇÃO, ZIP CODE 04509-030,
SÃO PAULO/SP; SILVINO PEDRO DA SILVA: BRAZILIAN, MARRIED, ENTREPRENEUR, HOLDER OF
DOCUMENTS CPF 078.598.488-72 AND RG 3.003.756 SSP/SP, RESIDENTIAL ADDRESS AT
RUA DR. THEÓPHILO RIBEIRO DE ANDRADE, 34, APTO 141, ALTO DE PINHEIROS, ZIP
CODE 05466-020, SÃO PAULO/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
3 |
FEDERAL LAWSUITS |
18/04/13 |
2ª VARA DE OLINDA/PE |
|
2 |
STATE LAWSUITS |
27/05/09 |
VARA DE EXEC. FISC. EST./SP |
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 CASH EQUIVALENTS |
423.276,85 |
1.699.215,57 |
2.658.793,91 |
|
INVENTORY |
9.135.584,97 |
7.357.071,63 |
6.788.088,04 |
|
CLIENTS |
4.226.560,98 |
3.678.344,08 |
3.114.545,51 |
|
ADVANCES |
88.993,30 |
53.013,33 |
55.742,87 |
|
RECOVERABLE TAXES |
1.945.154,48 |
1.900.374,71 |
2.242.274,34 |
|
ADVANCE TO EMPLOYEES |
1.755,12 |
|
1.674,74 |
|
CURRENT ACCOUNTS |
1.200.000,00 |
|
|
|
IMPORTS IN PROGRESS |
92.366,20 |
-2.085,84 |
590.233,88 |
|
PRE PAID EXPENSES |
37.364,64 |
34.432,75 |
28.253,46 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
17.151.056,54 |
14.720.366,23 |
15.479.606,75 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
JUDICIAL DEPOSITS |
11.868.845,43 |
11.868.845,43 |
11.785.140,91 |
|
COMPULSORY LOANS |
9.177,61 |
9.177,61 |
9.177,61 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
11.878.023,04 |
11.878.023,04 |
11.794.318,52 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
6.681,22 |
6.681,22 |
6.681,22 |
|
FIXED ASSETS |
5.872.285,31 |
4.569.313,67 |
3.823.810,74 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
5.878.966,53 |
4.575.994,89 |
3.830.491,96 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
34.908.046,11 |
31.174.384,16 |
31.104.417,23 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
BANKING DEBTS |
467.894,95 |
556.987,35 |
251.969,79 |
|
SUPPLIERS |
1.071.735,10 |
616.293,04 |
489.587,77 |
|
TAX LIABILITIES |
196.903,78 |
154.572,62 |
683.241,04 |
|
SOCIAL OBLIGATIONS |
289.727,48 |
179.998,78 |
136.679,76 |
|
PROVISIONS |
1.514.251,77 |
1.237.774,07 |
1.706.079,17 |
|
LABOR PROVISIONS |
193.209,19 |
161.775,52 |
162.052,85 |
|
OTHER |
519,18 |
60,00 |
206.334,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
3.734.241,45 |
2.907.461,38 |
3.635.944,38 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
JUDICIAL DEPOSITS |
11.362.234,07 |
11.362.234,07 |
11.362.234,07 |
|
OTHER |
728.390,56 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
12.090.624,63 |
11.362.234,07 |
11.362.234,07 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
9.000.000,00 |
9.000.000,00 |
9.000.000,00 |
|
MONETARY CORRECTION |
194.824,99 |
194.824,99 |
194.824,99 |
|
RESERVES/TAX INCENTIVES |
454.369,89 |
454.369,89 |
454.369,89 |
|
ACCRUED PROFIT (LOSS) |
9.433.985,15 |
7.255.493,83 |
6.457.043,90 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
19.083.180,03 |
16.904.688,71 |
16.106.238,78 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
34.908.046,11 |
31.174.384,16 |
31.104.417,23 |
|
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 |
39.901.172,89 |
36.699.296,92 |
37.776.030,84 |
|
(-) TAXES ON SALES |
9.450.811,73 |
9.115.371,77 |
8.906.961,55 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
30.450.361,16 |
27.583.925,15 |
28.869.069,29 |
|
(-) COST OF SOLD GOODS |
20.883.722,28 |
19.323.981,35 |
19.330.318,68 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
9.566.638,88 |
8.259.943,80 |
9.538.750,61 |
|
OPERATING REVENUE (EXPENSE) |
-5.212.584,21 |
-4.800.415,51 |
-4.749.363,65 |
|
FINANCIAL REVENUE(EXPENSE) |
17.198,63 |
83.036,94 |
98.946,38 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
4.371.253,30 |
3.542.565,23 |
4.888.333,34 |
|
NON-OPERATING RESULT |
41.489,79 |
53.658,77 |
101.913,78 |
|
CONTRIBUTION/INCOME TAX |
-1.514.251,77 |
-1.237.774,07 |
-1.703.633,43 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
2.898.491,32 |
2.358.449,93 |
3.286.613,69 |
|
RATIOS: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
QUICK RATIO |
2,15 |
|
2,53 |
|
2,39 |
|
|
CURRENT RATIO |
4,59 |
|
5,06 |
|
4,26 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
7,20 |
TIMES |
7,50 |
TIMES |
9,27 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
49,97 |
DAYS |
48,01 |
DAYS |
38,84 |
DAYS |
|
INVENTORY TURNOVER |
2,29 |
TIMES |
2,63 |
TIMES |
2,85 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
18,47 |
DAYS |
11,48 |
DAYS |
9,12 |
DAYS |
|
RETURN ON ASSETS |
,87 |
TIMES |
,88 |
TIMES |
,93 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
1,60 |
TIMES |
1,63 |
TIMES |
1,79 |
TIMES |
|
NET WORTH TIE-UP |
,31 |
|
,27 |
|
,24 |
|
|
INDEBTEDNESS |
,83 |
|
,84 |
|
,93 |
|
|
EQUITY RATIO |
54,67 |
% |
54,23 |
% |
51,78 |
% |
|
WORKING CAPITAL RATIO |
359,29 |
% |
406,30 |
% |
325,74 |
% |
|
GENERAL SOLVENCY |
2,21 |
|
2,18 |
|
2,07 |
|
|
RETURN ON NET EQUITY |
15,19 |
% |
13,95 |
% |
20,41 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
9,52 |
% |
8,55 |
% |
11,38 |
% |
|
GROSS PROFIT MARGIN |
31,42 |
% |
29,94 |
% |
33,04 |
% |
|
OPERATIONAL RESULT |
14,36 |
% |
12,84 |
% |
16,93 |
% |
|
SALES TURNOVER ON LIABILITIES |
8,15 |
TIMES |
9,49 |
TIMES |
7,94 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,12 |
- OFFICIAL RATE ON 05/06/2013 |
|
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 FIGURES AVAILABLE SHOW A GOOD FINANCIAL STANDING. IT HAD HIGH
LIQUIDITY RATIOS AND POSITIVE WORKING CAPITAL, AS WELL AS SATISFACTORY LEVEL
OF INDEBTEDNESS. IN ADDITION IT SHOWS SALES RECOVER AND MADE PROFIT. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 1.809.074,67
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 671.721,44
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 4.155.396,41
INSURANCE
|
INSURANCE COMPANY: |
PORTO SEGURO |
|
COVERAGE: |
FIRE / THEFT / ELETRICS DAMAGES / WINDSTORM / CIVIL LIABILITY /
OTHERS. |
|
|
|
|
INSURANCE COMPANY: |
ITAU SEGUROS |
|
COVERAGE: |
VEHICLES / THEFT / INJURY / THIRD PARTY AND OTHERS. |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO BRADESCO S/A |
1236-0 / 11 4605-3611 |
CAIEIRAS/SP |
|
BANCO SANTANDER (BRASIL) S/A |
0809 / 11 2227-0066 |
SÃO PAULO/SP |
|
BANCO DO BRASIL S/A |
1700 / 11 4605-4744 |
CAIEIRAS/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 NOT RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682
BRAZILIAN CENTRAL BANK"). |
ACTIVITIES COMMENTS
|
SUBJECT IS ENGAGED IN THE PRODUCTION OF ORGANIC AND NON-ORGANIC
PIGMENTS FOR THE PLASTIC, TEXTILE, PAINTING AND PESTICIDE INDUSTRY. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
CHINA, INDIA, UNITED KINGDOM AND USA |
EXPORTS TO:
|
VENEZUELA, PUERTO RICO, PARAGUAY AND ARGENTINA |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
COTEMINAS S/A |
|
|
|
DOHLER S/A |
|
|
|
PETROFLEX IND. COMERCIO S/A |
|
|
|
TINTAS CORAL |
|
|
|
TINTAS IQUINE S/A |
|
|
|
VICUNHA TEXTIL S/A |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 70 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS AN OLD-ESTABLISHED COMPANY, OPERATING SINCE 1954. SO FAR
IT HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEMS ARE NOTED. 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. THE LAWSUITS REPORTED ARE NOT RELATED WITH TRADE DEBTS. THEY ARE
RELATED TO TAX DEBTS THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID.
NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUITS DO NOT AFFECT THE COMPANY’S
TRADE REPUTATION. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
BANDEIRANTE QUÍMICA LTDA |
|
11 2179-5600 |
|
CABOT BRASIL IND. E COM. LTDA |
|
11 2144-6400 |
|
DU PONT DO BRASIL S/A |
|
|
|
DUCORTE FERRAMENTAS LTDA |
|
11 3322-2311 |
|
FERREIRA COSTA E CIA LTDA |
|
81 3338-8300 |
|
KOPELL INFORMATICA PAPELARIA LTDA |
|
11 6672-7400 |
|
OXITENO S/A |
|
11 3177-6519 |
|
RESANA S/A |
|
11 479-5800 |
|
ROHM AND HAAS QUÍMICA LTDA |
|
11 5112-9000 |
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
|
|
DOW-REICHHOLD |
UNITED STATES |
|
|
PIDILITE INDUSTRIES |
INDIA |
|
|
SCOTT BADER CO. LTD. |
UNITED KINGDOM |
|
|
TOSHIN KOGYO CO LTD |
JAPAN |
|
|
TRANSPEK -SILOX |
INDIA |
|
|
PAYMENT HISTORY: |
|
7 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 40.578,00 |
|
|
|
AMOUNT OF INVOICES PAID: 11 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 21.000,00 |
|
HIGHEST CREDIT: R$ 21.000,00 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. UP TO DATE IT HAS GOOD FINANCIAL STANDING, 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. |
|
SINTEQUIMICA DO BRASIL LTDA |
|
|
|
|
|
|
|
BALANCE SHEET ANALYSIS |
FIGURES ARE IN REAIS |
|
|
|
|
|
|
|
31/12/2012 |
|
31/12/2011 |
|
31/12/2010 |
|
|
ASSETS |
|
% |
|
% |
|
% |
|
Current Assets |
$ 17,151,057 |
49.13 |
$ 14,720,366 |
47.22 |
$ 15,479,607 |
49.77 |
|
Fixed Assets |
$ 5,878,967 |
16.84 |
$ 4,575,995 |
14.68 |
$ 3,830,492 |
12.31 |
|
TOTAL ASSETS |
$ 34,908,046 |
100.00 |
$ 31,174,384 |
100.00 |
$ 31,104,417 |
100.00 |
|
LIABILITIES |
|
|
|
|
|
|
|
Current Liabilities |
$ 3,734,241 |
10.70 |
$ 2,907,461 |
9.33 |
$ 3,635,944 |
11.69 |
|
Long-Term Liabilities |
$ 12,090,625 |
34.64 |
$ 11,362,234 |
36.45 |
$ 11,362,234 |
36.53 |
|
TOTAL LIABILITIES |
$ 15,824,866 |
45.33 |
$ 14,269,695 |
45.77 |
$ 14,998,178 |
48.22 |
|
Deferred Income |
$ - |
0.00 |
$ - |
0.00 |
$ - |
0.00 |
|
Net Equity |
$ 19,083,180 |
54.67 |
$ 16,904,689 |
54.23 |
$ 16,106,239 |
51.78 |
|
TOTAL LIABILITIES + NET EQUITY |
$ 34,908,046 |
100.00 |
$ 31,174,384 |
100.00 |
$ 31,104,417 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
|
|
|
Net Sales |
$ 30,450,361 |
100.00 |
$ 27,583,925 |
100.00 |
$ 28,869,069 |
100.00 |
|
Costs |
$ 20,883,722 |
68.58 |
$ 19,323,981 |
70.06 |
$ 19,330,319 |
66.96 |
|
Gross Profit |
$ 9,566,639 |
31.42 |
$ 8,259,944 |
29.94 |
$ 9,538,751 |
33.04 |
|
Operating expenses |
$ (5,212,584) |
-17.12 |
$ (4,800,416) |
-17.40 |
$ (4,749,364) |
-16.45 |
|
operational Result |
$ 4,371,253 |
14.36 |
$ 3,542,565 |
12.84 |
$ 4,888,333 |
16.93 |
|
Net Profit (loss) |
$ 2,898,491 |
9.52 |
$ 2,358,450 |
8.55 |
$ 3,286,614 |
11.38 |
|
COMPLEMENTARY DATA |
|
|
|
|
|
|
|
Inventory |
$ 9,135,585 |
|
$ 7,357,072 |
|
$ 6,788,088 |
|
|
Accounts receivable |
$ 4,226,561 |
|
$ 3,678,344 |
|
$ 3,114,546 |
|
|
Accounts Payable |
$ 1,071,735 |
|
$ 616,293 |
|
$ 489,588 |
|
|
Property, plant and equipment |
$ 5,872,285 |
|
$ 4,569,314 |
|
$ 3,823,811 |
|
|
Purchases |
$ 5,878,967 |
|
$ 4,575,995 |
|
$ 3,830,492 |
|
|
Financial Expenses |
$ 17,199 |
|
$ 83,037 |
|
$ 98,946 |
|
|
Foreign Currency Assets |
|
|
|
|
|
|
|
Foreign Currency Liabilities |
|
|
|
|
|
|
|
Working Capital |
$ 13,416,815 |
|
$ 11,812,905 |
|
$ 11,843,662 |
|
|
RATIOS: |
|
|
|
|
|
|
|
QUICK RATIO |
2.15 |
|
2.53 |
|
2.39 |
|
|
CURRENT RATIO |
4.59 |
|
5.06 |
|
4.26 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
7.20 |
times |
7.50 |
times |
9.27 |
times |
|
DAYS' SALES IN RECEIVABLES |
49.97 |
days |
48.01 |
days |
38.84 |
days |
|
INVENTORY TURNOVER |
2.29 |
times |
2.63 |
times |
2.85 |
times |
|
ACCOUNTS PAYABLE PERIOD |
18.47 |
days |
11.48 |
days |
9.12 |
days |
|
RETURN ON ASSETS |
0.87 |
times |
0.88 |
times |
0.93 |
times |
|
SALES TURNOVER ON NET EQUIY |
1.60 |
times |
1.63 |
times |
1.79 |
times |
|
NET WORTH TIE-UP |
0.31 |
|
0.27 |
|
0.24 |
|
|
ENDEBTEDNESS |
0.83 |
|
0.84 |
|
0.93 |
|
|
EQUITY RATIO |
54.67 |
% |
54.23 |
% |
51.78 |
% |
|
WORKING CAPITAL RATIO |
359.29 |
% |
406.30 |
% |
325.74 |
% |
|
GENERAL SOLVENCY |
2.21 |
|
2.18 |
|
2.07 |
|
|
RETURN ON NET EQUITY |
15.19 |
% |
13.95 |
% |
20.41 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
9.52 |
% |
8.55 |
% |
11.38 |
% |
|
GROSS PROFIT MARGIN |
31.42 |
% |
29.94 |
% |
33.04 |
% |
|
OPERATIONAL RESULT |
14.36 |
% |
12.84 |
% |
16.93 |
% |
|
SALES TURNOVER ON LIABILITIES |
8.15 |
times |
9.49 |
times |
7.94 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
- |
% |
- |
% |
|
FOREIGN CURRENCY ON LIABILITIES |
- |
% |
- |
% |
- |
% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.87 |
|
UK Pound |
1 |
Rs.87.65 |
|
Euro |
1 |
Rs.74.52 |
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.