MIRA
INFORM REPORT
|
Report Date : |
01.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
KHAMEL REPRESENTAÇÕES IMPORTAÇÃO E EXPORTAÇÃO
EIRELI |
|
|
|
|
Registered Office : |
Rua 1 B, 83 Setor Ii, Quadra 0ii, Lote 024 - Civit Ii, Zip Code 29168-096 - Serra/Es |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
05.01.1978 |
|
|
|
|
Legal Form : |
Limited Liability Proprietorship |
|
|
|
|
Line of Business : |
Wholesaler of food products in general |
|
|
|
|
No. of Employees : |
39 |
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 : |
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 – 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 |
|
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
KHAMEL
REPRESENTAÇÕES IMPORTAÇÃO E EXPORTAÇÃO EIRELI
cOMPANY ADDRESSES
|
MAIN ADDRESS: |
RUA 1 B, 83 SETOR II, QUADRA 0II, LOTE 024 - CIVIT II |
|
ZIP CODE/CITY: |
29168-096 - SERRA/ES |
|
|
|
|
PHONE: |
27 3328-3918 |
|
FAX: |
27 3328-3918 |
|
E-MAIL: |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA DR. EDGARD MAGALHÃES DE NORONHA, 527 - VILA NOVA YORK |
|
ZIP CODE/CITY: |
03480-000 SÃO PAULO/SP |
|
PHONE: |
11 2721-0677 |
|
FAX: |
11 2721-0677 |
|
CNPJ: |
49.337.108/0003-25 |
|
STATE REGISTER: |
111.509.328.111 |
|
|
|
|
ADDRESS: |
RUA PROFESSOR ULYSSES LEMOS TORRES, 415/419 VILA NOVA YORK |
|
ZIP CODE/CITY: |
03479-070 SÃO PAULO/SP |
|
CNPJ: |
49.337.108/0004-06 |
|
STATE REGISTER: |
113.438.491.119 |
|
|
|
|
|
|
|
ADDRESS: |
RUA DR. EDGARD MAGALHÃES DE NORONHA, 541 - VILA NOVA YORK |
|
ZIP CODE/CITY: |
03480-000 SÃO PAULO/SP |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
WHOLESALE OF FOOD PRODUCTS IN GENERAL. |
|
LEGAL FORM: |
LIMITED
LIABILITY PROPRIETORSHIP |
|
|
|
|
INCORPORATION DATE: |
05/01/1978 |
|
REGISTER DATE: |
05/01/1978 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
49.337.108/0001-63 |
|
STATE REGISTER: |
109.880.671.111 |
|
|
|
|
SHARE CAPITAL: |
R$ 200.000,00 |
|
LAST REGISTER OF CAPITAL: |
15/09/2011 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
VALTER FRANCISCO LOPES |
MANAGER |
AUTHORIZED USE OF SIGNATURE
|
THE MANAGER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
VALTER FRANCISCO LOPES |
100% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS
HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
|
|
|
POTY INDÚSTRIA DE ALIMENTOS LTDA |
|
|
FRANCHI REPRESENTAÇÕES, IMPORTAÇÃO E EXPORTAÇÃO LTDA |
|
|
CORYNA COMERCIO IMPORTAÇÃO E EXPORTAÇÃO LTDA |
|
|
OSLLOBERGEN PRODUTOS ALIMENTÍCIOS LTDA |
|
|
REPRESENTAÇÕES LUSO AMERICANAS LTDA |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON JANUARY 05, 1978 AS KHAMEL INDUSTRIA IMPORTAÇÃO
E EXPORTAÇÃO E REPRESENTAÇÕES LTDA. TO BE ENGAGED IN THE SAID LINE OF
BUSINESS. LATER IT ALTERED TO KHAMEL REPRESENTAÇÕES IMPORTAÇÃO E EXPORTAÇÃO
LTDA. ON DECEMBER 11, 2012 IT WAS TRANSFORMED INTO LIMITED LIABILITY
PROPRIETORSHIP AND ADOPTED THE ABOVE MENTIONED NAME AND UP TO DATE IT IS
STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN. BUSINESS ADDRESS HAS CHANGED FROM (RUA DOUTOR EDGARD MAGALHÃES DE
NORONHA, 541 - VILA NOVA YORK - SÃO PAULO/SP) TO THE PRESENT REGISTERED ONE.
HOWEVER, PHYSICALLY THEY ARE STILL OPERATING AS A BRANCH IN SAO PAULO. PARTNER: VALTER FRANCISCO LOPES: BRAZILIAN, MARRIED, TRADER, HOLDER OF
DOCUMENTS RG 2.866.389 SSP/SP AND CPF 521.974.508-59, RESIDENTIAL ADDRESS AT
RUA CARLOS MARIA DELLA PAOLERA, 407, JARDIM DA SAÚDE, ZIP CODE 04150-040, SÃO
PAULO/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 31/03/2012, 31/12/2011 AND 31/12/2010. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/03/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
CASH |
105.055,68 |
127.826,10 |
58.111,19 |
|
BANKS |
159.622,28 |
648.796,17 |
5.339.721,21 |
|
INVESTMENTS |
1.696.661,58 |
1.663.774,17 |
73.275,21 |
|
CLIENTS |
34.329.767,61 |
25.795.431,36 |
15.581.251,69 |
|
INVENTORY |
11.708.723,08 |
15.085.354,06 |
13.062.699,28 |
|
RECOVERABLE TAXES |
825.775,24 |
625.052,51 |
1.134.418,46 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
48.825.605,47 |
43.946.234,37 |
35.249.477,04 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
162.450,00 |
162.450,00 |
162.450,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
162.450,00 |
162.450,00 |
162.450,00 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
55.044,19 |
60.660,00 |
93.764,24 |
|
INTANGIBLE |
1.400,00 |
1.400,00 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
56.444,19 |
62.060,00 |
93.764,24 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
49.044.499,66 |
44.170.744,37 |
35.505.691,28 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/03/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
SUPPLIERS |
34.246.360,03 |
29.609.094,31 |
23.106.483,38 |
|
LOANS AND FINANCING |
|
47.228,63 |
47.228,63 |
|
SOCIAL / LABOR OBLIGATIONS |
90.393,54 |
74.549,38 |
78.338,17 |
|
TRIBUTARY OBLIGATIONS |
1.795.219,96 |
1.558.160,23 |
1.314.397,85 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
36.131.973,53 |
31.289.032,55 |
24.546.448,03 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
SUPPLIERS |
2.697.456,14 |
2.697.456,14 |
2.697.456,14 |
|
LOANS AND FINANCING |
878.919,05 |
841.909,26 |
819.119,99 |
|
TRIBUTARY OBLIGATIONS |
3.250.331,61 |
3.250.331,61 |
2.460.342,33 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
6.826.706,80 |
6.789.697,01 |
5.976.918,46 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
200.000,00 |
200.000,00 |
100.000,00 |
|
CAPITAL RESERVES |
37.045,69 |
37.045,69 |
37.045,69 |
|
ACCRUED PROFIT (LOSS) |
5.848.773,64 |
5.854.969,12 |
4.845.279,10 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
6.085.819,33 |
6.092.014,81 |
4.982.324,79 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
49.044.499,66 |
44.170.744,37 |
35.505.691,28 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/03/2012, 31/12/2011 AND 31/12/2010. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/03/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
GROSS SALES |
14.043.067,54 |
38.571.113,03 |
49.992.779,27 |
|
(-) TAXES ON SALES |
2.772.303,88 |
8.239.382,47 |
12.438.938,10 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
11.270.763,66 |
30.331.730,56 |
37.553.841,17 |
|
(-) COST OF SOLD GOODS |
9.847.979,27 |
23.206.789,48 |
31.158.927,56 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
1.422.784,39 |
7.124.941,08 |
6.394.913,61 |
|
OPERATING REVENUE (EXPENSE) |
-903.388,38 |
-3.188.111,90 |
-3.130.976,92 |
|
FINANCIAL REVENUE(EXPENSE) |
-525.591,49 |
-2.444.359,48 |
-1.216.968,21 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
-6.195,48 |
1.492.469,70 |
2.046.968,48 |
|
NON-OPERATING RESULT |
|
1.000,00 |
-2.107,15 |
|
CONTRIBUTION/INCOME TAX |
|
-483.779,68 |
-671.252,82 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
-6.195,48 |
1.009.690,02 |
1.373.608,51 |
|
MONTHLY SALES |
|||
|
|
2012 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 1.833.689,42 |
|
|
|
FEBRUARY |
R$ 4.625.191,32 |
|
|
|
MARCH |
R$ 7.604.153,89 |
|
|
|
APRIL |
R$ 2.005.801,12 |
|
|
|
MAY |
R$ 1.540.116,03 |
|
|
|
JUNE |
R$ 2.497.168,53 |
|
|
|
JULY |
R$ 2.840.239,39 |
|
|
|
AUGUST |
R$ 3.958.778,23 |
|
|
|
SEPTEMBER |
R$ 3.169.838,70 |
|
|
|
OCTOBER |
R$ 4.165.076,95 |
|
|
|
NOVEMBER |
R$ 5.650.226,76 |
|
|
|
DECEMBER |
R$ 7.377.134,44 |
|
|
|
TOTAL |
R$ 47.267.414,78 |
|
|
|
RATIOS: |
31/03/2012 |
31/12/2011 |
31/12/2010 |
|
QUICK RATIO |
1,03 |
|
,92 |
|
,90 |
|
|
CURRENT RATIO |
1,35 |
|
1,40 |
|
1,44 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
,33 |
TIMES |
1,18 |
TIMES |
2,41 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
274,13 |
DAYS |
306,16 |
DAYS |
149,37 |
DAYS |
|
INVENTORY TURNOVER |
,84 |
TIMES |
1,54 |
TIMES |
2,39 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
312,98 |
DAYS |
459,32 |
DAYS |
266,96 |
DAYS |
|
RETURN ON ASSETS |
,23 |
TIMES |
,69 |
TIMES |
1,06 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
1,85 |
TIMES |
4,98 |
TIMES |
7,54 |
TIMES |
|
NET WORTH TIE-UP |
,01 |
|
,01 |
|
,02 |
|
|
INDEBTEDNESS |
7,06 |
|
6,25 |
|
6,13 |
|
|
EQUITY RATIO |
12,41 |
% |
13,79 |
% |
14,03 |
% |
|
WORKING CAPITAL RATIO |
35,13 |
% |
40,45 |
% |
43,60 |
% |
|
GENERAL SOLVENCY |
1,14 |
|
1,16 |
|
1,16 |
|
|
RETURN ON NET EQUITY |
-,10 |
% |
16,57 |
% |
27,57 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
-,06 |
% |
3,33 |
% |
3,66 |
% |
|
GROSS PROFIT MARGIN |
12,62 |
% |
23,49 |
% |
17,03 |
% |
|
OPERATIONAL RESULT |
-,06 |
% |
4,92 |
% |
5,45 |
% |
|
SALES TURNOVER ON LIABILITIES |
,31 |
TIMES |
,97 |
TIMES |
1,53 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,98 |
- OFFICIAL RATE ON 27/02/2013 |
|
US$ 1,00 = R$ 1,82 |
- OFFICIAL RATE ON 31/03/2012 |
|
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 2011 SHOW A SATISFACTORY FINANCIAL STANDING.
THE LEVEL OF INDEBTEDNESS WAS VERY HIGH BUT IT HAD GOOD CURRENT RATIO AND
POSITIVE WORKING CAPITAL, CONSIDERED SUFFICIENT TO COVER THE SHORT TERM
DEBTS. IT ALSO SHOWED DROP IN SALES BUT POSTED PROFIT. THE INTERIM FIGURES FOR MARCH 2012 STILL SHOW HIGH LEVEL OF
INDEBTEDNESS BUT THE LIQUIDITY REMAINS GOOD. IT SHOWS GROWING SALES TREND BUT
THE HIGH OPERATING AND FINANCIAL EXPENSES DROVE THE COMPANY TO MAKE LOSS. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 72.780,73
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 12.195,05
INSURANCE
|
NOT AVAILABLE. |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
|
|
BANCO BRADESCO S/A |
1743 |
|
|
BANCO RURAL S/A |
|
|
|
BANCO ITAÚ S/A |
|
|
|
BANCO BANESTES S/A |
|
|
|
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
|
WHOLESALE OF FOOD PRODUCTS IN GENERAL. COD - 70% OLIVE OIL - 5% OLIVE - 5% TUNA - 5% |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
UNITED STATES, CANADA, ARGENTINA, CHILE, ECUADOR, PERU, NORWAY,
PORTUGAL, HOLLAND, GERMANY, SPAIN, SYRIA, IRAN, TURKEY, SINGAPORE, CHINA AND
INDIA. ANNUAL VALUE: US$ 16.203.482,58 |
EXPORTS TO:
|
DOES NOT EXPORT. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
ATACADÃO DISTRIBUIÇÃO COM. E INDÚSTRIA LTDA |
|
|
|
EMPÓRIO CHIAPPETTA LTDA |
|
|
|
FNGN DISTRIB. PRODUTOS ALIMENTÍCIOS LTDA |
|
|
|
LA SERENA IMPORTAÇÃO E EXPORTAÇÃO LTDA |
|
|
|
LÍDER SUPERMERCADOS E MAGAZINE LTDA |
|
|
|
SIG COM. IMP. E EXPORTAÇÃO LTDA |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 39 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1978. SO
FAR IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOUR. 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: |
|
CALVO COML. DISTRIBUIDORA LTDA |
|
|
|
COMERCIAL DE ALIMENTOS FLOR AZUL LTDA |
|
11 3228-0366 |
|
COMERCIAL OSWALDO CRUZ LTDA |
|
|
|
COMERCIAL TREVINO LTDA |
|
|
|
COML. IMPORT. LATICÍNIOS NAPOLITANO DO ABC LTDA |
|
|
|
LA SERENA IMP. EXP. LTDA |
|
11 6694-1377 |
|
PULIT IND. E COMÉRCIO LTDA |
|
|
|
S S BORGES COM. IMP. EXP. TRANSP. LTDA |
|
11 3295-9130 |
|
SOPAVE S/A SOCIEDADE PAULISTA DE VEÍCULOS |
|
11 3272-5327 |
|
WAL MART BRASIL LTDA |
|
11 3453-3784 |
|
YARA HANNA COM. E IND. LTDA |
|
|
|
PAYMENT HISTORY: |
|
02 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 5.234,00 |
|
|
|
AMOUNT OF INVOICES PAID: 5 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 1.192,00 |
|
HIGHEST CREDIT: R$ 1.192,00 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. UP TO DATE IT HAS A SATISFACTORY 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. |
|
|
|
|
|
|
|
|
|
BALANCE SHEET ANALYSIS |
FIGURES ARE IN REAIS |
|
|
|
|
|
|
|
31/03/2012 |
|
31/12/2011 |
|
31/12/2010 |
|
|
ASSETS |
|
% |
|
% |
|
% |
|
Current Assets |
99.55 |
$
43,946,234 |
99.49 |
$
35,249,477 |
99.28 |
|
|
Fixed Assets |
$ 56,444 |
0.12 |
$ 62,060 |
0.14 |
$ 93,764 |
0.26 |
|
TOTAL ASSETS |
$
49,044,500 |
100.00 |
$
44,170,744 |
100.00 |
$
35,505,691 |
100.00 |
|
LIABILITIES |
|
|
|
|
|
|
|
Current Liabilities |
$
36,131,974 |
73.67 |
$
31,289,033 |
70.84 |
$
24,546,448 |
69.13 |
|
Long-Term Liabilities |
$ 6,826,707 |
13.92 |
$ 6,789,697 |
15.37 |
$
5,976,918 |
16.83 |
|
TOTAL LIABILITIES |
$
42,958,680 |
87.59 |
$
38,078,730 |
86.21 |
$
30,523,366 |
85.97 |
|
Deferred Income |
$ - |
0.00 |
$ - |
0.00 |
$ - |
0.00 |
|
Net Equity |
$ 6,085,819 |
12.41 |
$ 6,092,015 |
13.79 |
$
4,982,325 |
14.03 |
|
TOTAL LIABILITIES + NET EQUITY |
$
49,044,500 |
100.00 |
$
44,170,744 |
100.00 |
$
35,505,691 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
|
|
|
Net Sales |
$
11,270,764 |
100.00 |
$
30,331,731 |
100.00 |
$
37,553,841 |
100.00 |
|
Costs |
$ 9,847,979 |
87.38 |
$
23,206,789 |
76.51 |
$
31,158,928 |
82.97 |
|
Gross Profit |
$ 1,422,784 |
12.62 |
$ 7,124,941 |
23.49 |
$
6,394,914 |
17.03 |
|
Operating expenses |
$ (903,388) |
-8.02 |
$
(3,188,112) |
-10.51 |
$
(3,130,977) |
-8.34 |
|
operational Result |
$ (6,195) |
-0.05 |
$
1,492,470 |
4.92 |
$
2,046,968 |
5.45 |
|
Net Profit (loss) |
$ (6,195) |
-0.05 |
$ 1,009,690 |
3.33 |
$
1,373,609 |
3.66 |
|
COMPLEMENTARY DATA |
|
|
|
|
|
|
|
Inventory |
$ 11,708,723 |
|
$
15,085,354 |
|
$
13,062,699 |
|
|
Accounts receivable |
$
34,329,768 |
|
$
25,795,431 |
|
$
15,581,252 |
|
|
Accounts Payable |
$
34,246,360 |
|
$ 29,609,094 |
|
$
23,106,483 |
|
|
Property, plant and equipment |
$ 55,044 |
|
$ 60,660 |
|
$ 93,764 |
|
|
Purchases |
$ 56,444 |
|
$ 62,060 |
|
$ 93,764 |
|
|
Financial Expenses |
$ (525,591) |
|
$
(2,444,359) |
|
$
(1,216,968) |
|
|
Foreign Currency Assets |
|
|
|
|
|
|
|
Foreign Currency Liabilities |
|
|
|
|
|
|
|
Working Capital |
$
12,693,632 |
|
$
12,657,202 |
|
$
10,703,029 |
|
|
RATIOS: |
|
|
|
|
|
|
|
QUICK RATIO |
1.03 |
|
0.92 |
|
0.90 |
|
|
CURRENT RATIO |
1.35 |
|
1.40 |
|
1.44 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
0.33 |
times |
1.18 |
times |
2.41 |
times |
|
DAYS' SALES IN RECEIVABLES |
274.13 |
days |
306.16 |
days |
149.37 |
days |
|
INVENTORY TURNOVER |
0.84 |
times |
1.54 |
times |
2.39 |
times |
|
312.98 |
days |
459.32 |
days |
266.96 |
days |
|
|
RETURN ON ASSETS |
0.23 |
times |
0.69 |
times |
1.06 |
times |
|
SALES TURNOVER ON NET EQUIY |
1.85 |
times |
4.98 |
times |
7.54 |
times |
|
NET WORTH TIE-UP |
0.01 |
|
0.01 |
|
0.02 |
|
|
ENDEBTEDNESS |
7.06 |
|
6.25 |
|
6.13 |
|
|
EQUITY RATIO |
12.41 |
% |
13.79 |
% |
14.03 |
% |
|
WORKING CAPITAL RATIO |
35.13 |
% |
40.45 |
% |
43.60 |
% |
|
GENERAL SOLVENCY |
1.14 |
|
1.16 |
|
1.16 |
|
|
RETURN ON NET EQUITY |
(0.10) |
% |
16.57 |
% |
27.57 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
(0.05) |
% |
3.33 |
% |
3.66 |
% |
|
GROSS PROFIT MARGIN |
12.62 |
% |
23.49 |
% |
17.03 |
% |
|
OPERATIONAL RESULT |
(0.05) |
% |
4.92 |
% |
5.45 |
% |
|
SALES TURNOVER ON LIABILITIES |
0.31 |
times |
0.97 |
times |
1.53 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
- |
% |
- |
% |
|
FOREIGN CURRENCY ON LIABILITIES |
- |
% |
- |
% |
- |
% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.77 |
|
UK Pound |
1 |
Rs.81.57 |
|
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.