MIRA INFORM REPORT
|
Report No. : |
318165 |
|
Report Date : |
25.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
VALDEQUIMICA PRODUTOS QUÍMICOS LTDA |
|
|
|
|
Registered Office : |
Rua Dos Três Irmãos,212 / 218 - Vila Progredior, 05615-190 - São
Paulo/SP |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
24.07.1972 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Subject is engaged in wholesale and import of chemical and
pharmaceutical products, with its core products being vitamines and
antibiotics. |
|
|
|
|
No. of Employee : |
54 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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, and a rapidly expanding middle class, 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. Since 2008, Brazil became a net external creditor and all three of the major 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. Unemployment is at historic lows and Brazil's traditionally high level of income inequality has declined for each of the last 15 years. Rising inflation led the authorities to take measures to cool the economy in 2011; these actions and the deteriorating international economic situation slowed growth in 2011-14. Brazil’s fiscal and current account balances have eroded during the past three years as the government attempted to boost economic growth through targeted tax cuts for industry and incentives to spur household consumption. President Dilma ROUSSEFF has indicated that her government in her second term will pursue more austere fiscal policies to reduce these imbalances and preserve the country’s credit rating.
|
Source
: CIA |
Company
name
|
VALDEQUIMICA
PRODUTOS QUÍMICOS LTDA |
ADDRESSES
|
|
MAIN ADDRESS: |
RUA DOS TRÊS IRMÃOS,212 / 218 - VILA PROGREDIOR |
|
ZIP CODE/CITY: |
05615-190 - SÃO PAULO/SP |
|
|
|
|
PHONE: |
11 3721-6407 |
|
FAX: |
11 3721-6407 |
|
E-MAIL: |
irineuconti@uol.com.br |
|
WEB SITE: |
www.valdequimica.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
AVENIDA PROFESSOR FRANCISCO MORATO,1815 (ESQUINA C/RUA JOÃO SCACIOTI,
55) - BUTANTÃ |
|
ZIP CODE/CITY: |
05513-200 SÃO PAULO/SP |
|
PHONE: |
3726-5109 |
|
CNPJ: |
43.365.816/0002-02 |
|
STATE REGISTER: |
116.232.013.110 |
|
|
|
|
ADDRESS: |
AVENIDA CÉSAR SIMÕES,361 E 371 - JARDIM HENRIQUETA |
|
ZIP CODE/CITY: |
06764-480 TABOÃO DA SERRA/SP |
|
CNPJ: |
43.365.816/0003-93 |
|
STATE REGISTER: |
675.188.572.113 |
LEGAL
DATA
|
|
MAIN ACTIVITIES: |
|
WHOLESALE AND IMPORT OF CHEMICAL AND PHARMACEUTICAL PRODUCTS, WITH ITS
CORE PRODUCTS BEING VITAMINES AND ANTIBIOTICS. |
|
LEGAL FORM: |
LIMITED LIABILITY
COMPANY |
|
|
|
|
INCORPORATION DATE: |
24/07/1972 |
|
REGISTER DATE: |
16/08/1972 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
43.365.816/0001-21 |
|
STATE REGISTER: |
108.802.143.113 |
|
|
|
|
SHARE CAPITAL: |
R$ 5.000.000,00 |
|
LAST REGISTER OF CAPITAL: |
30/11/2012 |
BOARD
OF DIRECTORS
|
|
|
|
|
|
ALBANO JOSÉ PEREIRA DOS SANTOS |
MANAGING PARTNER |
|
PAULO APARECIDO PEREZ MARTINS |
MANAGING PARTNER |
AUTHORIZED
USE OF SIGNATURE
|
|
THE MANAGERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
SHAREHOLDERS
/ PARTNERS
|
|
|
|
|
|
ALBANO JOSÉ PEREIRA DOS SANTOS |
50% |
|
PAULO APARECIDO PEREZ MARTINS |
50% |
AFFILIATES
/ SUBSIDIARIES
|
|
|
|
|
|
TPLPM EMPREENDIMENTOS E PARTICIPAÇÕES LTDA |
|
COMPANY'S
BACKGROUND
|
|
THE SUBJECT WAS ESTABLISHED IN 1972 TO BE ENGAGED IN THE SAID LINE OF
BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE
REPORTED HEREIN. TRADE NAME: "VALDEQUIMICA". PARTNERS: ALBANO JOSÉ PEREIRA DOS SANTOS: PORTUGUESE, MARRIED, TRADER, HOLDER OF
DOCUMENTS RNE # W 700.522-Z - SE/DPMAF, CPF # 295.794.908-30, RESIDENTIAL
ADDRESS AT RUA DR. ORLANDO ZAMITI MAMMANA, 33, APTO. 41, CHÁCARA DO ENCOSTO,
ZIP CODE 02417-022, SÃO PAULO/SP; PAULO APARECIDO PEREZ MARTINS: BRAZILIAN, MARRIED, TRADER, HOLDER OF
DOCUMENTS RG # 6.353.323-SSP-SP, CPF # 515.987.448-87, RESIDENTIAL ADDRESS AT
RUA SÃO VICENTE DE PAULA, 606, APTO. 111, SANTA CECÍLIA, ZIP CODE 01229-010,
SÃO PAULO/SP. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
PUBLIC
INFORMATION
|
|
NO DETRIMENTAL FILES WERE FOUND. |
|
(RESEARCH DATE: 22/04/2015) |
FINANCIAL
INFORMATION
|
|
GENERAL BALANCE SHEETS AS OF 31/12/2014, 31/12/2013 AND 31/12/2012. |
|
( FIGURES ARE IN REAIS ). |
ASSETS
|
|
|
|
|
CURRENT: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
CASH |
3.198,57 |
529,13 |
10.763,61 |
|
BANKS |
673.195,21 |
99.700,23 |
161.898,02 |
|
INVESTMENTS |
480.258,42 |
43.662,62 |
39.834,79 |
|
CLIENTS |
7.589.153,58 |
5.534.657,73 |
4.910.702,80 |
|
INVENTORY |
6.351.081,48 |
8.852.023,49 |
10.746.056,18 |
|
RECOVERABLE TAXES |
98.505,61 |
|
209.990,01 |
|
ADVANCES |
511.457,21 |
465.992,42 |
243.375,03 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
15.706.850,08 |
14.996.565,62 |
16.322.620,44 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
3.386,21 |
3.386,21 |
3.386,21 |
|
FIXED ASSETS |
2.445.604,19 |
2.338.248,73 |
1.556.519,30 |
|
DEPRECIATIONS |
-23.489,49 |
-27.233,49 |
-34.015,49 |
|
INTANGIBLE |
6.611,95 |
6.611,95 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
2.432.112,86 |
2.321.013,40 |
1.525.890,02 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
18.138.962,94 |
17.317.579,02 |
17.848.510,46 |
LIABILITIES
|
|
|
|
|
CURRENT: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
SUPPLIERS |
750.529,43 |
659.383,04 |
1.136.164,51 |
|
SALARIES PAYABLE |
87.400,83 |
79.724,90 |
70.261,12 |
|
SOCIAL OBLIGATIONS |
82.034,55 |
60.927,61 |
106.987,34 |
|
TRIBUTARY OBLIGATIONS |
458.349,72 |
408.495,36 |
31.941,67 |
|
LOANS AND FINANCING |
1.253.410,98 |
2.378.018,42 |
4.086.957,24 |
|
IMPORTS PAYABLE |
6.550.069,80 |
6.232.350,88 |
5.090.239,00 |
|
ACCOUNTS PAYABLE |
63.615,55 |
64.380,58 |
80.478,16 |
|
ADVANCE FROM CLIENTS |
|
|
316.030,06 |
|
MUTUAL CONTRACT |
|
110.000,00 |
110.000,00 |
|
OTHER |
|
|
3.734,95 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
9.245.410,86 |
9.993.280,79 |
11.032.794,05 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
5.000.000,00 |
5.000.000,00 |
5.000.000,00 |
|
ACCRUED PROFIT (LOSS) |
3.893.552,08 |
2.324.298,23 |
1.815.716,41 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
8.893.552,08 |
7.324.298,23 |
6.815.716,41 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
18.138.962,94 |
17.317.579,02 |
17.848.510,46 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2014, 31/12/2013 AND 31/12/2012. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
GROSS SALES |
59.918.907,05 |
59.365.713,14 |
47.279.508,04 |
|
(-) TAXES ON SALES |
9.228.953,31 |
10.162.337,35 |
8.493.647,45 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
50.689.953,74 |
49.203.375,79 |
38.785.860,59 |
|
(-) COST OF SOLD GOODS |
33.422.691,99 |
33.910.276,35 |
26.368.085,83 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
17.267.261,75 |
15.293.099,44 |
12.417.774,76 |
|
OPERATING REVENUE (EXPENSE) |
-10.879.144,70 |
-10.781.556,27 |
-8.319.991,89 |
|
FINANCIAL REVENUE(EXPENSE) |
-1.225.245,89 |
-1.578.324,57 |
-1.742.766,59 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
5.162.871,16 |
2.933.218,60 |
2.355.016,28 |
|
CONTRIBUTION/INCOME TAX |
-1.734.101,03 |
-973.294,30 |
-782.216,99 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
3.428.770,13 |
1.959.924,30 |
1.572.799,29 |
RATIOS
|
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
QUICK RATIO |
1,01 |
|
,61 |
|
,51 |
|
|
CURRENT RATIO |
1,70 |
|
1,50 |
|
1,48 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
6,68 |
TIMES |
8,89 |
TIMES |
7,90 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
53,90 |
DAYS |
40,49 |
DAYS |
45,58 |
DAYS |
|
INVENTORY TURNOVER |
5,26 |
TIMES |
3,83 |
TIMES |
2,45 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
8,08 |
DAYS |
7,00 |
DAYS |
15,51 |
DAYS |
|
RETURN ON ASSETS |
2,79 |
TIMES |
2,84 |
TIMES |
2,17 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
5,70 |
TIMES |
6,72 |
TIMES |
5,69 |
TIMES |
|
NET WORTH TIE-UP |
,28 |
|
,32 |
|
,23 |
|
|
INDEBTEDNESS |
1,04 |
|
1,36 |
|
1,62 |
|
|
EQUITY RATIO |
49,03 |
% |
42,29 |
% |
38,19 |
% |
|
WORKING CAPITAL RATIO |
69,89 |
% |
50,07 |
% |
47,95 |
% |
|
GENERAL SOLVENCY |
1,96 |
|
1,73 |
|
1,62 |
|
|
RETURN ON NET EQUITY |
38,55 |
% |
26,76 |
% |
23,08 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
6,76 |
% |
3,98 |
% |
4,06 |
% |
|
GROSS PROFIT MARGIN |
34,06 |
% |
31,08 |
% |
32,02 |
% |
|
OPERATIONAL RESULT |
10,19 |
% |
5,96 |
% |
6,07 |
% |
|
SALES TURNOVER ON LIABILITIES |
5,48 |
TIMES |
4,92 |
TIMES |
3,52 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 3,01 |
- OFFICIAL RATE ON 22/04/2015 |
|
US$ 1,00 = R$ 2,65 |
- OFFICIAL RATE ON 31/12/2014 |
|
US$ 1,00 = R$ 2,34 |
- OFFICIAL RATE ON 31/12/2013 |
|
US$ 1,00 = R$ 2,04 |
- OFFICIAL RATE ON 31/12/2012 |
|
COMMENTS ON THE FINANCIAL
INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS THE ANNUAL FIGURES AVAILABLE SHOW A FAIR FINANCIAL STANDING. THE LEVEL
OF INDEBTEDNESS IS SOMEHOW HIGH BUT IT IS NOTED GOOD CURRENT RATIO AND
POSITIVE WORKING CAPITAL, CONSIDERED SUFFICIENT TO COVER THE SHORT TERM
DEBTS. IN ADDITION IT SHOWS GROWING SALES AND PROFITABILITY. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
100.000,00
THE PARTNERS OWN REAL ESTATE
VALUED AT R$ 925.000,00
VEHICLES
|
OWNED VEHICLES ARE VALUED AT R$
244.947,47
MACHINES
|
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 277.112,49
INSURANCE
|
|
INSURANCE COMPANY: |
CGV CIA. |
|
COVERAGE: |
SEVERAL CORPORATE RISKS |
|
VALUE: |
R$ 1.368.000,00 |
|
|
|
|
INSURANCE COMPANY: |
BRADESCO/MARITIMA |
|
COVERAGE: |
VEHICLES |
|
VALUE: |
R$ 10.000,00 |
BANKING
REFERENCES
|
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO BRADESCO S/A |
11 3721-5233 |
SÃO PAULO/SP |
|
BANCO DO BRASIL S/A |
11 6845-8360 |
SÃO PAULO/SP |
|
BANCO ITAU S/A |
11 6950-1438 |
SÃO PAULO/SP |
|
BANCO SANTANDER 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
|
|
THE SUBJECT IS ENGAGED IN THE WHOLESALE AND IMPORT OF CHEMICAL AND
PHARMACEUTICAL PRODUCTS, WITH ITS CORE PRODUCTS BEING VITAMINS AND
ANTIBIOTICS. |
|
IMPORT AND
EXPORT |
IMPORTS FROM:
|
MEXICO, ARGENTINA, URUGUAY, ENGLAND, ITALY, SWITZERLAND, KOREA, ISRAEL,
NORWAY, CHINA, INDIA, JAPAN, UNITED STATES, SPAIN, GERMANY AND DENMARK. |
EXPORTS TO:
|
DOES NOT EXPORT. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
PHONE: |
|
ACHE LABORATÓRIOS FARMACÊUTICOS S/A |
|
11 3961-6000 |
|
BELFAR LTDA |
|
31 3492-1100 |
|
CIFARMA CIENTIFICA FARMACÊUTICA LTDA |
|
31 3641-4100 |
|
EUROFARMA LABORATÓRIOS LTDA |
|
11 5090-8774 |
|
HEXAL DO BRASIL LTDA |
|
11 3276-6733 |
|
HIPOLABOR FARMACÊUTICA LTDA |
|
31 3691-1133 |
|
INSTITUTO TERAPÊUTICO DELTA LTDA |
|
11 3910-2311 |
|
KLEY HERTZ S/A |
|
51 3346-8488 |
|
LABORATÓRIO SINTOFARMA S/A |
|
11 7967-3100 |
|
LABORATÓRIO TEUTO BRASILEIRO LTDA |
|
62 3310-2005 |
|
LUPER INDÚSTRIA FARMACÊUTICA LTDA |
|
11 7844-1066 |
|
ROYTON QUÍMICA FARMACÊUTICA LTDA |
|
11 3820-9060 |
|
SANTA CASA DE MISERICÓRDIA DE BAURU |
|
14 3223-3977 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 54 EMPLOYEE(S) |
CONCEPT
AND FULFILMENT
|
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1972. IT HAS
TRADE RELATIONS WITH SEVERAL SUPPLIERS AND SO FAR NO PAYMENT PROBLEMS ARE
NOTED. THE COMPANY HAS TRADE RELATIONS WITH SOME LOCAL SUPPLIERS BUT UP TO
DATE ONLY SMALL PAYMENTS WERE REPORTED AND THE SUBJECT IS NOT SAID TO BE USER
OF TRADE CREDIT FACILITIES. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
AB FARMO QUIMICA LTDA |
|
11 5054-6999 |
|
BUSCHLE & LEPPER S/A |
|
41 3275-7577 |
|
DEGUSSA HULS LTDA |
|
11 3146-4143 |
|
DELQUÍMICA COMERCIAL LTDA |
|
11 6412-1040 |
|
DENVER-COTIA INDÚSTRIA E COMÉRCIO LTDA |
|
11 3048-8736 |
|
ESKISA S/A |
|
11 5536-0533 |
|
ISP DO BRASIL LTDA |
|
11 3034-4866 |
|
M. CASSAB COMÉRCIO E INDÚSTRIA LTDA |
|
11 5522-7788 |
|
QUIMIMAX QUÍMICA COMÉRCIO INDÚSTRIA LTDA |
|
19 3227-5971 |
|
REIZA KERN INDÚSTRIA E COMÉRCIO LTDA |
|
19 3225-5034 |
|
RP SCHERER DO BRASIL LTDA |
|
15 3235-3500 |
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
|
|
DR. RODDY S |
INDIA |
|
|
FERRO |
GERMANY |
|
|
PROCOS |
ITALY |
|
|
PAYMENT HISTORY: |
|
10 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 132.893,00 |
|
|
|
AMOUNT OF INVOICES PAID: 44 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 15.000,00 |
FINAL
OPINION
|
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. UP TO DATE IT HAS A CLEAR TRADE HISTORY AND NORMAL 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 |
|
|||||
|
|
31-12-14 |
|
31-12-13 |
|
31-12-12 |
|
|
ASSETS |
|
% |
|
% |
|
% |
|
Current Assets |
86.59 |
$ 14,996,566 |
86.60 |
$ 16,322,620 |
91.45 |
|
|
Fixed Assets |
$ 2,432,113 |
13.41 |
$ 2,321,013 |
13.40 |
$ 1,525,890 |
8.55 |
|
TOTAL ASSETS |
$ 18,138,963 |
100.00 |
$ 17,317,579 |
100.00 |
$ 17,848,510 |
100.00 |
|
LIABILITIES |
|
|
|
|
|
|
|
Current Liabilities |
$ 9,245,411 |
50.97 |
$ 9,993,281 |
57.71 |
$ 11,032,794 |
61.81 |
|
Long-Term Liabilities |
$ - |
0.00 |
$ - |
0.00 |
$ - |
0.00 |
|
TOTAL LIABILITIES |
$ 9,245,411 |
50.97 |
$ 9,993,281 |
57.71 |
$ 11,032,794 |
61.81 |
|
Deferred Income |
$ - |
0.00 |
$ - |
0.00 |
$ - |
0.00 |
|
Net Equity |
$ 8,893,552 |
49.03 |
$ 7,324,298 |
42.29 |
$ 6,815,716 |
38.19 |
|
TOTAL LIABILITIES + NET EQUITY |
$ 18,138,963 |
100.00 |
$ 17,317,579 |
100.00 |
$ 17,848,510 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
|
|
|
Net Sales |
$ 50,689,954 |
100.00 |
$ 49,203,376 |
100.00 |
$ 38,785,861 |
100.00 |
|
Costs |
$ 33,422,692 |
65.94 |
$ 33,910,276 |
68.92 |
$ 26,368,086 |
67.98 |
|
Gross Profit |
$ 17,267,262 |
34.06 |
$ 15,293,099 |
31.08 |
$ 12,417,775 |
32.02 |
|
Operating expenses |
$ (10,879,145) |
-21.46 |
$ (10,781,556) |
-21.91 |
$ (8,319,992) |
-21.45 |
|
operational Result |
$ 5,162,871 |
10.19 |
$ 2,933,219 |
5.96 |
$ 2,355,016 |
6.07 |
|
Net Profit (loss) |
$ 3,428,770 |
6.76 |
$ 1,959,924 |
3.98 |
$ 1,572,799 |
4.06 |
|
COMPLEMENTARY DATA |
|
|
|
|
|
|
|
Inventory |
$ 6,351,081 |
|
$ 8,852,023 |
|
$ 10,746,056 |
|
|
Accounts receivable |
$ 7,589,154 |
|
$ 5,534,658 |
|
$ 4,910,703 |
|
|
Accounts Payable |
$ 750,529 |
|
$ 659,383 |
|
$ 1,136,165 |
|
|
Property, plant and equipment |
$ 2,445,604 |
|
$ 2,338,249 |
|
$ 1,556,519 |
|
|
Purchases |
$ 2,432,113 |
|
$ 2,321,013 |
|
$ 1,525,890 |
|
|
Financial Expenses |
$ (1,225,246) |
|
$ (1,578,325) |
|
$ (1,742,767) |
|
|
Foreign Currency Assets |
|
|
|
|
|
|
|
Foreign Currency Liabilities |
|
|
|
|
|
|
|
Working Capital |
$ 6,461,439 |
|
$ 5,003,285 |
|
$ 5,289,826 |
|
|
RATIOS: |
|
|
|
|
|
|
|
QUICK RATIO |
1.01 |
|
0.61 |
|
0.51 |
|
|
CURRENT RATIO |
1.70 |
|
1.50 |
|
1.48 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
6.68 |
times |
8.89 |
times |
7.90 |
times |
|
DAYS' SALES IN RECEIVABLES |
53.90 |
days |
40.49 |
days |
45.58 |
days |
|
INVENTORY TURNOVER |
5.26 |
times |
3.83 |
times |
2.45 |
times |
|
8.08 |
days |
7.00 |
days |
15.51 |
days |
|
|
RETURN ON ASSETS |
2.79 |
times |
2.84 |
times |
2.17 |
times |
|
SALES TURNOVER ON NET EQUIY |
5.70 |
times |
6.72 |
times |
5.69 |
times |
|
NET WORTH TIE-UP |
0.27 |
|
0.32 |
|
0.23 |
|
|
ENDEBTEDNESS |
1.04 |
|
1.36 |
|
1.62 |
|
|
EQUITY RATIO |
49.03 |
% |
42.29 |
% |
38.19 |
% |
|
WORKING CAPITAL RATIO |
69.89 |
% |
50.07 |
% |
47.95 |
% |
|
GENERAL SOLVENCY |
1.96 |
|
1.73 |
|
1.62 |
|
|
RETURN ON NET EQUITY |
38.55 |
% |
26.76 |
% |
23.08 |
% |
|
RETURN ON SALES (PROFIT
MARGIN) |
6.76 |
% |
3.98 |
% |
4.06 |
% |
|
GROSS PROFIT MARGIN |
34.06 |
% |
31.08 |
% |
32.02 |
% |
|
OPERATIONAL RESULT |
10.19 |
% |
5.96 |
% |
6.07 |
% |
|
SALES TURNOVER ON LIABILITIES |
5.48 |
times |
4.92 |
times |
3.52 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
- |
% |
- |
% |
|
FOREIGN CURRENCY ON
LIABILITIES |
- |
% |
- |
% |
- |
% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.40 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.68.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ASH |
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.