MIRA
INFORM REPORT
|
Report Date : |
06.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
ROCHESA SA TINTAS E VERNIZES |
|
|
|
|
Registered Office : |
Rodovia Br 116 - S/Nº. – Km 80 Colônia Maria José – Sede, 83420-000 -
Quatro Barras/Pr |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
17.09.1993 |
|
|
|
|
Legal Form : |
Privately Held Corporation |
|
|
|
|
Line of Business : |
Manufacture, import, export and distribution of paints, varnishes,
solvents and road signing materials. |
|
|
|
|
No. of Employees : |
160 |
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
ROCHESA S/A TINTAS E VERNIZES
Company ADDRESSES
|
MAIN ADDRESS: |
RODOVIA BR 116 - S/Nº. – KM 80 COLÔNIA MARIA JOSÉ - SEDE |
|
ZIP CODE/CITY: |
83420-000 - QUATRO BARRAS/PR |
|
|
|
|
PHONE: |
41 2101-1066 |
|
FAX: |
41 2101-1066 / 1089 |
|
E-MAIL: |
|
|
WEB SITE: |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA PEDRO AUGUSTO BOSSARDI, 968 - JARDIM MENINO DEUS |
|
ZIP CODE/CITY: |
83420-000 QUATRO BARRAS/PR |
|
CNPJ: |
74.068.552/0007-63 |
|
|
|
|
ADDRESS: |
RUA FRUXÚ-SERRANO, 145 - JARDIM ALTO DA BOA VISTA |
|
ZIP CODE/CITY: |
86706-761 ARAPONGAS/PR |
|
CNPJ: |
74.068.552/0004-10 |
|
|
|
|
ADDRESS: |
RODOVIA RS 122 – KM 93 |
|
ZIP CODE/CITY: |
95270-000 FLORES DA CUNHA/RS |
|
CNPJ: |
74.068.552/0002-59 |
|
|
|
|
ADDRESS: |
RUA CAETANO MORTATI FILHO, 2246 - JARDIM CELINA DALUL |
|
ZIP CODE/CITY: |
15130-000 MIRASSOL/SP |
|
CNPJ: |
74.068.552/0003-30 |
|
|
|
|
ADDRESS: |
RUA CARIACICA, 161 - JOSÉ RODRIGUES MACIEL |
|
ZIP CODE/CITY: |
29902-520 LINHARES/ES |
|
CNPJ: |
74.068.552/0008-44 |
|
|
|
|
ADDRESS: |
RUA GIOVANI BISCOTTO, 121 - INDUSTRIAL |
|
ZIP CODE/CITY: |
36500-000 UBÁ/MG |
|
CNPJ: |
74.068.552/0009-25 |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
MANUFACTURE, IMPORT, EXPORT AND DISTRIBUTION OF PAINTS, VARNISHES,
SOLVENTS AND ROAD SIGNING MATERIALS. |
|
LEGAL FORM: |
PRIVATELY
HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
17/09/1993 |
|
REGISTER DATE: |
18/01/1994 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
74.068.552/0001-78 |
|
STATE REGISTER: |
11400451-08 |
|
|
|
|
SHARE CAPITAL: |
R$ 4.472.063,80 |
|
LAST REGISTER OF CAPITAL: |
31/12/2012 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
STEFANO BONETTI |
PRESIDENT DIRECTOR |
|
VALDIVINO JOSÉ DOS REIS |
VICE-PRESIDENT DIRECTOR |
AUTHORIZED USE OF SIGNATURE
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
S. BONETTI PARTICIPAÇÕES SOCIETÁRIAS LTDA |
99,999% |
|
STEFANO BONETTI |
0,001% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
SIDERQUÍMICA INDÚSTRIA E COMÉRCIO DE PRODUTOS QUÍMICOS S/A |
|
|
TOM DA COR COMÉRCIO DE TINTAS LTDA EPP |
|
|
PLEXBOND QUÍMICA S/A |
|
|
STEFENI PARTICIPAÇÕES SOCIETÁRIAS LTDA |
|
|
BONETTI IMÓVEIS LTDA |
|
|
SIDER FACTORING LTDA |
|
|
PH - COMPRA VENDA E INCORPORACAO LTDA. |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON SEPTEMBER 17, 1993 TO ENGAGE IN THE
SAID LINE OF BUSINESS AND TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. THE COMPANY DOES BUSINESS AS "TINTAS ROCHESA". THE CAPTIONED ADDRESS IS ALSO KNOWN AS “RODOVIA REGIS BITTENCOURT”. 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 AND CASH EQUIVALENTS |
31.107,05 |
122.704,89 |
290.278,54 |
|
CLIENTS |
38.254.046,84 |
31.900.034,27 |
30.623.042,97 |
|
INVENTORY |
25.220.503,83 |
25.896.823,49 |
19.770.990,69 |
|
PRE PAID EXPENSES |
553.883,84 |
384.489,97 |
257.266,23 |
|
RECOVERABLE TAXES |
785.674,22 |
847.633,11 |
895.007,36 |
|
OTHER |
2.412.771,84 |
3.481.144,58 |
1.259.157,50 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
67.257.987,62 |
62.632.830,31 |
53.095.743,29 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
|
253.000,00 |
3.000,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
|
253.000,00 |
3.000,00 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
12.103.430,24 |
12.844.912,43 |
12.285.321,18 |
|
INVESTMENTS |
373.000,00 |
|
3.000,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
12.476.430,24 |
12.844.912,43 |
12.288.321,18 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
79.734.417,86 |
75.730.742,74 |
65.387.064,47 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
SUPPLIERS |
7.689.438,87 |
11.668.982,65 |
22.464.956,73 |
|
LOANS AND FINANCING |
11.353.468,34 |
5.816.061,55 |
9.761.019,38 |
|
SOCIAL OBLIGATIONS |
1.009.194,49 |
1.073.374,64 |
1.088.977,04 |
|
TAX LIABILITIES |
1.248.328,20 |
764.663,36 |
684.157,24 |
|
OTHER |
547.509,08 |
625.989,65 |
1.344.591,14 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
21.847.938,98 |
19.949.071,85 |
35.343.701,53 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
37.541.695,62 |
38.201.818,73 |
15.840.623,18 |
|
TRIBUTARY OBLIGATIONS |
18.090.370,89 |
15.953.778,34 |
11.146.787,80 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
55.632.066,51 |
54.155.597,07 |
26.987.410,98 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
3.872.063,80 |
3.872.063,80 |
3.872.063,80 |
|
PROFIT (LOSS) OF PERIOD |
|
|
-1.227.984,29 |
|
LEGAL RESERVES |
408.872,45 |
408.872,45 |
408.872,45 |
|
ACCRUED PROFIT (LOSS) |
-2.026.523,88 |
-2.654.862,43 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
2.254.412,37 |
1.626.073,82 |
3.052.951,96 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
79.734.417,86 |
75.730.742,74 |
65.384.064,47 |
|
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 |
180.254.406,58 |
159.496.692,03 |
133.409.237,51 |
|
(-) TAXES ON SALES |
46.787.199,05 |
42.335.590,46 |
36.454.864,57 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
133.467.207,53 |
117.161.101,57 |
96.954.372,94 |
|
(-) COST OF SOLD GOODS |
104.265.009,93 |
91.410.798,39 |
73.768.346,44 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
29.202.197,60 |
25.750.303,18 |
23.186.026,50 |
|
OPERATING REVENUE (EXPENSE) |
-22.538.611,31 |
-21.959.012,41 |
-19.421.469,01 |
|
FINANCIAL REVENUE(EXPENSE) |
-5.860.093,52 |
-5.218.168,91 |
-4.992.541,78 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
803.492,77 |
-1.426.878,14 |
-1.227.984,29 |
|
CONTRIBUTION/INCOME TAX |
-175.154,22 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
628.338,55 |
-1.426.878,14 |
-1.227.984,29 |
|
MONTHLY SALES |
|||
|
|
2013 |
2012 |
2011 |
|
|
--------------------- |
--------------------- |
--------------------- |
|
JANUARY |
R$ 13.454.581,80 |
R$ 13.422.383,42 |
R$ 12.762.826,89 |
|
FEBRUARY |
R$ 13.146.647,66 |
R$ 13.489.145,79 |
R$ 15.183.289,04 |
|
MARCH |
|
R$ 14.845.346,33 |
R$ 16.804.481,54 |
|
APRIL |
|
R$ 14.692.275,46 |
R$ 17.382.307,80 |
|
MAY |
|
R$ 16.714.071,08 |
R$ 14.682.387,67 |
|
JUNE |
|
R$ 15.752.759,39 |
R$ 12.753.523,67 |
|
JULY |
|
R$ 15.846.114,69 |
R$ 13.728.623,12 |
|
AUGUST |
|
R$ 16.055.737,18 |
R$ 15.415.581,26 |
|
SEPTEMBER |
|
R$ 15.307.739,95 |
R$ 15.798.432,53 |
|
OCTOBER |
|
R$ 17.639.156,72 |
R$ 15.999.831,52 |
|
NOVEMBER |
|
R$ 18.950.605,25 |
R$ 15.864.691,16 |
|
DECEMBER |
|
R$ 12.757.312,68 |
R$ 13.878.430,38 |
|
TOTAL |
R$ 26.601.229,46 |
R$ 185.472.647,94 |
R$ 180.254.406,58 |
|
RATIOS: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
QUICK RATIO |
1,92 |
|
1,84 |
|
,94 |
|
|
CURRENT RATIO |
3,08 |
|
3,14 |
|
1,50 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
3,49 |
TIMES |
3,67 |
TIMES |
3,17 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
103,18 |
DAYS |
98,02 |
DAYS |
113,71 |
DAYS |
|
INVENTORY TURNOVER |
4,13 |
TIMES |
3,53 |
TIMES |
3,73 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
26,55 |
DAYS |
45,96 |
DAYS |
109,63 |
DAYS |
|
RETURN ON ASSETS |
1,67 |
TIMES |
1,55 |
TIMES |
1,48 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
59,20 |
TIMES |
72,05 |
TIMES |
31,76 |
TIMES |
|
NET WORTH TIE-UP |
5,37 |
|
7,90 |
|
4,02 |
|
|
INDEBTEDNESS |
34,37 |
|
45,57 |
|
20,42 |
|
|
EQUITY RATIO |
2,83 |
% |
2,15 |
% |
4,67 |
% |
|
WORKING CAPITAL RATIO |
207,85 |
% |
213,96 |
% |
50,23 |
% |
|
GENERAL SOLVENCY |
1,03 |
|
1,02 |
|
1,05 |
|
|
RETURN ON NET EQUITY |
27,87 |
% |
-87,75 |
% |
-40,22 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
,47 |
% |
-1,22 |
% |
-1,27 |
% |
|
GROSS PROFIT MARGIN |
21,88 |
% |
21,98 |
% |
23,91 |
% |
|
OPERATIONAL RESULT |
,60 |
% |
-1,22 |
% |
-1,27 |
% |
|
SALES TURNOVER ON LIABILITIES |
6,11 |
TIMES |
5,87 |
TIMES |
2,74 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,98 |
- OFFICIAL RATE ON 01/03/2013 |
|
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 FAIR FINANCIAL STANDING. IT SHOWED VERY
HIGH LEVEL OF INDEBTEDNESS MAINLY DUE TO ITS TRADE, FINANCIAL AND TRIBUTARY
LIABILITIES BUT IT SHOWS HIGH LIQUIDITY RATIOS AND POSITIVE WORKING CAPITAL,
CONSIDERED SUFFICIENT TO COVER THE SHORT TERM DEBTS. IN ADDITION, SHOWS
GROWING SALES AND POSTED PROFIT. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 3.481.202,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 600.855,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 7.650.480,00
INSURANCE
|
INSURANCE COMPANY: |
TOKIO MARINE SEGURADORA |
|
COVERAGE: |
FIRE / RAY / EXPLOSION |
|
VALUE: |
R$ 35.990.000,00 |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
|
|
HSBC BANK BRASIL S/A BANCO MÚLTIPLO |
539 / 41 3671-8100 |
|
|
BANCO DO BRASIL S/A |
3404-5 / 41 2117-7811 |
|
|
BANCO BRADESCO S/A |
3645 / 41 3026-9770 |
|
|
BANCO SANTANDER (BRASIL) S/A |
/ 41 3382-6444 |
|
|
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 FIRM ENGAGES IN THE MANUFACTURE, IMPORT, EXPORT AND
DISTRIBUTION OF PAINTS, VARNISHES, SOLVENTS AND ROAD SIGNING MATERIALS. OPERATING FACILITIES: THE FIRM MAINTAINS ITS ADMINISTRATIVE OFFICES,
MANUFACTURE AND WAREHOUSE FACILITIES AT THE CAPTIONED ADDRESS, IN AN
INDUSTRIAL DISTRICT OF QUATRO BARRAS, PR. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
ARGENTINA, GERMANY, UNITED STATES AND SOUTH KOREA. |
EXPORTS TO:
|
SOME EXPORT OPERATIONS ARE NOTED BUT IN SMALL AMOUNTS. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
CITY: |
PHONE: |
|
ACASEL ACAB. SEGURANÇA LTDA |
CHAPECÓ/SC |
|
|
BECHARA NASSAR |
TANABI/SP |
|
|
CASA VERDE |
MIRASSOL/SP |
|
|
DEMOBILE INDÚSTRIA DE MÓVEIS LTDA |
ARAPONGAS/PR |
43 3278-0100 |
|
ESTIL MÓVEIS |
CURITIBA/PR |
|
|
FAB. DE MÓVEIS FLOERENSE LTDA |
FLORES DA CUNHA/RS |
|
|
FAMA MÓVEIS DE TUPI LTDA |
TUPÃ/SP |
14 3441-2333 |
|
IND. DE MÓVEIS MOVELAR S/A |
LINHARES/ES |
|
|
IRMÃOS TUDINO |
ARAPONGAS/PR |
|
|
MADESA MÓVEIS LTDA |
BOM PRINCÍPIO/RS |
51 3534-8000 |
|
MOLDUBRÁS MOLD. BRASIL |
ORLEANS/SC |
|
|
MOVAL MÓVEIS ARAPONGAS LTDA |
ARAPONGAS/PR |
|
|
MÓVEIS ARAÚJO |
SÃO BENTO DO SUL/SC |
|
|
MÓVEIS KAPPESBERG LTDA |
|
51 3635-8800 |
|
MÓVEIS RUDNICK |
SÃO BENTO DO SUL/SC |
|
|
NOVOPISO S/A |
CRUZEIRO/SP |
|
|
VAMOL IND. MOVELEIRA LTDA |
ARAPONGAS/PR |
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 160 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN ACTIVITIES SINCE 1993. SO
FAR IT SHOWS HIGH AND GROWING SCALE OF ACTIVITIES, A CLEAR TRADE HISTORY AND
GOOD PAYMENT BEHAVIOR. THE COMPANY HAS TRADE RELATIONS WITH SEVERAL IMPORTANT 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: |
|
AKZO NOBEL |
|
11 7801-1130 |
|
ALMAD ALIMENTOS |
|
11 3353-3050 |
|
AZEVEDO INDÚSTRIA E COMÉRCIO DE ÓLEOS |
|
11 3806-4800 |
|
BASF S/A |
|
11 4343-2554 |
|
BRASILATA S/A EMBALAGENS METÁLICAS |
|
11 3871-8502 |
|
CIA NITRO QUÍMICA |
|
11 6137-3293 |
|
CIBA ESPECIALIDADES |
|
11 4341-9695 |
|
CLARIANT S/A |
|
11 5683-7233 |
|
COREMAL COMERCIO E REPRESENTACOES MAIA LTDA |
|
|
|
DIPALCOOL DISTRIBUIDORA DE ÁLCOOL LTDA |
|
41 3354-3938 |
|
DOW QUÍMICA S/A |
|
11 5188-9379 |
|
DRM DISTRIBUIDORA DE ROLAMENTOS E MANCAIS LTDA |
|
|
|
DU PONT DO BRASIL S/A |
|
34 4166-8135 |
|
KIDDE BRASIL LTDA. |
|
|
|
LATAL EMBALAGENS METÁLICAS LTDA |
|
41 3382-1221 |
|
MINERAÇÃO SÃO JUDAS LTDA |
|
15 3531-8100 |
|
OURO PRETO COMERCIO DE FERRO E ACO LTDA |
|
|
|
OXITENO NORDESTE S/A |
|
11 3177-6318 |
|
PETROM |
|
11 4798-7608 |
|
RHODIA POLIAMIDA E ESP. LTDA |
|
11 3741-8818 |
|
VANTICO LTDA |
|
11 5532-7388 |
|
WIKA DO BRASIL INDUSTRIA E COMERCIO LTDA |
|
|
|
PAYMENT HISTORY: |
|
7 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 548.247,00 |
|
|
|
AMOUNT OF INVOICES PAID: 26 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 118.235,00 |
|
HIGHEST CREDIT: R$ 118.235,00 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. UP TO DATE IT HAS A FAIR FINANCIAL STANDING BUT STILL HAS A HIGH SCALE
OF ACTIVITIES AS WELL AS 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 |
|
|
|
|
|
|
|
31/12/2011 |
|
31/12/2010 |
|
31/12/2009 |
|
|
ASSETS |
|
% |
|
% |
|
% |
|
Current Assets |
84.35 |
$
62,632,830 |
82.70 |
$
53,095,743 |
81.20 |
|
|
Fixed Assets |
$
12,476,430 |
15.65 |
$
12,844,912 |
16.96 |
$
12,288,321 |
18.79 |
|
TOTAL ASSETS |
$
79,734,418 |
100.00 |
$
75,730,743 |
100.00 |
$
65,387,064 |
100.00 |
|
LIABILITIES |
|
|
|
|
|
|
|
Current Liabilities |
$
21,847,939 |
27.40 |
$
19,949,072 |
26.34 |
$
35,343,702 |
54.06 |
|
Long-Term Liabilities |
$
55,632,067 |
69.77 |
$
54,155,597 |
71.51 |
$ 26,987,411 |
41.28 |
|
TOTAL LIABILITIES |
$
77,480,005 |
97.17 |
$
74,104,669 |
97.85 |
$
62,331,113 |
95.33 |
|
Deferred Income |
$ - |
0.00 |
$ - |
0.00 |
$ - |
0.00 |
|
Net Equity |
$ 2,254,412 |
2.83 |
$ 1,626,074 |
2.15 |
$
3,052,952 |
4.67 |
|
TOTAL LIABILITIES + NET EQUITY |
$
79,734,418 |
100.00 |
$
75,730,743 |
100.00 |
$
65,384,064 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
|
|
|
Net Sales |
$
133,467,208 |
100.00 |
$
117,161,102 |
100.00 |
$
96,954,373 |
100.00 |
|
Costs |
$
104,265,010 |
78.12 |
$
91,410,798 |
78.02 |
$
73,768,346 |
76.09 |
|
Gross Profit |
$
29,202,198 |
21.88 |
$
25,750,303 |
21.98 |
$
23,186,027 |
23.91 |
|
Operating expenses |
$
(22,538,611) |
-16.89 |
$
(21,959,012) |
-18.74 |
$
(19,421,469) |
-20.03 |
|
operational Result |
$ 803,493 |
0.60 |
$
(1,426,878) |
-1.22 |
$
(1,227,984) |
-1.27 |
|
Net Profit (loss) |
$ 628,339 |
0.47 |
$
(1,426,878) |
-1.22 |
$
(1,227,984) |
-1.27 |
|
COMPLEMENTARY DATA |
|
|
|
|
|
|
|
Inventory |
$
25,220,504 |
|
$
25,896,823 |
|
$
19,770,991 |
|
|
Accounts receivable |
$
38,254,047 |
|
$
31,900,034 |
|
$
30,623,043 |
|
|
Accounts Payable |
$ 7,689,439 |
|
$
11,668,983 |
|
$
22,464,957 |
|
|
Property, plant and equipment |
$
12,103,430 |
|
$
12,844,912 |
|
$
12,285,321 |
|
|
Purchases |
$
12,476,430 |
|
$
12,844,912 |
|
$
12,288,321 |
|
|
Financial Expenses |
$
(5,860,094) |
|
$
(5,218,169) |
|
$ (4,992,542) |
|
|
Foreign Currency Assets |
|
|
|
|
|
|
|
Foreign Currency Liabilities |
|
|
|
|
|
|
|
Working Capital |
$
45,410,049 |
|
$
42,683,758 |
|
$
17,752,042 |
|
|
RATIOS: |
|
|
|
|
|
|
|
QUICK RATIO |
1.92 |
|
1.84 |
|
0.94 |
|
|
CURRENT RATIO |
3.08 |
|
3.14 |
|
1.50 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
3.49 |
times |
3.67 |
times |
3.17 |
times |
|
DAYS' SALES IN RECEIVABLES |
103.18 |
days |
98.02 |
days |
113.71 |
days |
|
INVENTORY TURNOVER |
4.13 |
times |
3.53 |
times |
3.73 |
times |
|
26.55 |
days |
45.96 |
days |
109.63 |
days |
|
|
RETURN ON ASSETS |
1.67 |
times |
1.55 |
times |
1.48 |
times |
|
SALES TURNOVER ON NET EQUIY |
59.20 |
times |
72.05 |
times |
31.76 |
times |
|
NET WORTH TIE-UP |
5.37 |
|
7.90 |
|
4.02 |
|
|
ENDEBTEDNESS |
34.37 |
|
45.57 |
|
20.42 |
|
|
EQUITY RATIO |
2.83 |
% |
2.15 |
% |
4.67 |
% |
|
WORKING CAPITAL RATIO |
207.85 |
% |
213.96 |
% |
50.23 |
% |
|
GENERAL SOLVENCY |
1.03 |
|
1.02 |
|
1.05 |
|
|
RETURN ON NET EQUITY |
27.87 |
% |
(87.75) |
% |
(40.22) |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
0.47 |
% |
(1.22) |
% |
(1.27) |
% |
|
GROSS PROFIT MARGIN |
21.88 |
% |
21.98 |
% |
23.91 |
% |
|
OPERATIONAL RESULT |
0.60 |
% |
(1.22) |
% |
(1.27) |
% |
|
SALES TURNOVER ON LIABILITIES |
6.11 |
times |
5.87 |
times |
2.74 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
- |
% |
- |
% |
|
FOREIGN CURRENCY ON LIABILITIES |
- |
% |
- |
% |
- |
% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.65 |
|
UK Pound |
1 |
Rs.82.66 |
|
Euro |
1 |
Rs.71.21 |
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.