ATIVO
CIRCULANTE
Caixa e Equivalentes de Caixa
Aplicaes Financeiras
Titulos para negociaes
Titulos disponveis p/ venda
Valores a Rec. de Contratos Futuros
Contas Receber de Clientes
Estoques
Impostos a Compensar
Impostos Diferidos
Outros Crditos
Total do Ativo Circulante
Valor
2008
AV
AH
Valor
2007
AV
2,163,998
15.84%
217.93%
680,655
7.89%
100.00
495,654
849,676
3.63%
6.22%
31.76%
-47.77%
376,170
1,626,725
4.36%
18.86%
100.00
100.00
813,319
790,467
1,851,020
441,818
132,969
98,255
5.95%
5.79%
13.55%
3.23%
0.97%
0.72%
443.39%
62.45%
58.35%
35.58%
269.44%
-24.79%
149,675
486,586
1,168,936
325,868
35,992
130,641
1.74%
5.64%
13.55%
3.78%
0.42%
1.51%
100.00
100.00
100.00
100.00
100.00
100.00
7,637,176
55.91%
53.32%
4,981,248
57.75%
100.00
270,332
352,168
728,597
41,609
61,693
85,383
1.98%
2.58%
5.33%
0.30%
50.09%
113.14%
663.93%
-0.94%
-0.10%
180.94%
2.09%
1.92%
1.11%
0.49%
0.72%
0.35%
100.00
100.00
100.00
100.00
0.45%
0.63%
180,111
165,225
95,375
42,004
61,753
30,392
1,539,782
11.27%
167.85%
574,860
6.67%
100.00
15,304
4,199,901
128,715
138,113
0.11%
30.75%
0.94%
1.01%
620.87%
45.74%
55.88%
34.92%
2,123
2,881,748
82,572
102,368
0.02%
33.41%
0.96%
1.19%
100.00
100.00
100.00
100.00
4,482,033
32.81%
46.05%
3,068,811
35.58%
100.00
AH
NO CIRCULANTE
Realizvel a longo prazo:
Aplicaes Financeiras
Titulos disponveis p/ venda
Imposto Compensar
Imposto Diferido
Depsitos Judiciais
Partes Relacionadas
Adiantamento Fornecedores
Outros Crditos
Total do Realizavel a Longo Prazo
Permanente
Imvestimentos
Imobilizado
Diferido
Intangvel
Total Permanente
Total do Ativo no Circulante
100.00
6,021,815
44.09%
65.27%
3,643,671
42.25%
100.00
TOTAL DO ATIVO
13,658,991
100.00%
58.37%
8,624,919
100.00%
100.00
PASSIVO
CIRCULANTE
Emprstimos e financiamentos
Valores a Pagar de Contratos Futuros
Fornecedors
Adiantamento de Controlada
Salarias e Encargos
Impostos e Obrigaes a Recolher
Dividendos a Distribuir
Participao de Empregados nos Resultado
Imposto Diferido
Outras Contas Pagar
4,164,391
2,777,054
918,687
154,587
57,661
3,901
9,866
12,907
318,963
30.49%
20.33%
6.73%
1.13%
0.42%
0.03%
0.07%
0.09%
2.34%
324.80%
3908.80%
54.67%
16.67%
-12.45%
-97.12%
-88.02%
17.67%
63.52%
980,327
69,274
593,951
132,500
65,859
135,666
82,346
10,969
195,055
11.37%
0.80%
6.89%
1.54%
0.76%
1.57%
0.95%
0%
2.26%
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
8,418,017
61.63%
271.50%
2,265,947
26.27%
100.00
NO CIRCULANTE
Exigvel a longo prazo:
Emprestimos e Financiamentos
Adiantamentos de Controladas
Plano de Beneficios e Empregados
Contingncias
Impostos Diferidos
Planos de Opes de Comp.de Aes
Outras Contas Pagar
4,384,745
118,295
55,517
120,931
8,067
88,580
32.10%
0.87%
0.41%
0.89%
0.06%
0.65%
63.12%
10.13%
-16.88%
-44.17%
-45.36%
89.11%
2,688,115
107,418
66,794
216,607
14,763
46,840
31.17%
1.25%
0.77%
2.51%
0.17%
0.54%
100.00
100.00
100.00
100.00
100.00
100.00
4,776,135
34.97%
52.08%
3,140,537
36.41%
100.00
53,955
0.40%
55.94%
34,599
0.40%
100.00
2,000,000
(97,064)
44,994
(11,718)
(1,525,328)
14.64%
-0.71%
0.33%
-0.09%
-11.17%
0.00%
15.39%
-80.34%
-2792.74%
2,000,000
1,650
980,828
(84,118)
228,830
56,646
23.19%
0.02%
11.37%
-0.98%
2.65%
0.66%
100.00
100.00
100.00
100.00
100.00
100.00
410,884
3.01%
-87.09%
3,183,836
36.91%
100.00
13,658,991
100.00%
58.37%
8,624,919
100.00%
100.00
AH
100.00
5,319,918
4,590,055
(1,201,832)
54%
46%
-12%
100.00
100.00
100.00
23.20%
8,708,141
88%
100.00
-67%
28.47%
(6,312,130)
-64%
100.00
21%
9.32%
2,396,011
24%
100.00
(1,727,067)
-14%
17.95%
(1,464,262)
-15%
100.00
DESPESAS ADIMINISTRATIVAS
(139,197)
-1%
43.37%
(97,088)
-1%
100.00
(20,165)
0%
22.71%
(16,433)
0%
100.00
(5,901)
8,352
2008
AV
100%
AH
23.03%
6,606,836
5,585,060
(1,463,254)
54%
46%
-12%
24.19%
21.68%
21.75%
10,728,642
88%
(8,109,377)
2,619,265
Valor
12,191,896
Valor
9,909,973
(3,892,336)
-32%
-3047.80%
132,042
1%
100.00
(2,927)
0%
-158.94%
4,966
0%
100.00
(17,833)
0%
-78.55%
(83,128)
-1%
100.00
11,689
0%
-188.85%
(13,156)
0%
100.00
3,197,850
26%
268.71%
867,304
9%
100.00
(26,475)
0%
-65.43%
(76,581)
-1%
100.00
729,233
6%
-3217.58%
(23,391)
0%
100.00
(2,495,092)
-20%
-425.16%
767,332
8%
100.00
10,258
0%
909.65%
1,016
0%
100.00
(2,484,834)
-20%
-423.40%
768,348
8%
100.00
2007
NDICES DE LIQUIDEZ
0.26
0.91
0.85
0.70
LIQUIDEZ IMEDIATA
LIQUIDEZ CORRENTE
LIQUIDEZ SECA
LIQUIDEZ GERAL
NDICES DE ENDIVIDAMENTO
0.30
2.20
2.03
1.03
2008
2007
3,211
0.64
10.91
0.86
NDICES DE ROTATIVIDADE
%
%
%
%
169.81
0.42
0.96
0.49
2008
GIRO DO ESTOQUE
GIRO DO ATIVO
MARGEM OPERACIONAL
MARGEM LIQUIDA
RENTABILIDADE DO PATRIMONIO LIQUIDO
PAY BACK
2007
5.37
0.79
29.81 %
94.87 %
1.38 %
74.52
ALAVANCAGEM FINANCEIRA
2008
Retorno do Ativo
5.40
1.01
9.96 %
32.07 %
0.24 %
32.38
2007
0.53
0.46
6.05
0.24
11.35
0.52
2008
Ebitda
Margem
2007
1,407,502.00
13%
768,348.00
9%
2008
2007
Lucro Liqudo
(-) Custo Oportunidade (Ativo Operacional) x 10% a.a.
2,484,834.00
1,149,022.00
(=) EVA
3,633,856.00
NDICES DE KANITZ
2007
6.05
0.70
0.69
0.91
32.11
0.24
1.03
1.68
2.20
1.70
2008
ENTRE: 0 7 = SOLVENTE
ENTRE: 0 - 3 = PENUMBRA
ENTRE: -3 -7 = INSOLVENTE
INSOLVENTE
2007
37.68
PENUMBRA
NDICES DE LIQUIDEZ
2.20
1.50
0.50
0.26
0.85
1.03
0.70
LIQUIDEZ CORRENTE
LIQUIDEZ SECA
0.30
LIQUIDEZ GERAL
2008
2007
3,211
450
LIQUIDEZ IMEDIATA
0.91
0.94
PARTICIPAO DE CAPITAIS DE
TERCEIRAOS
500
2.03
1.00
NDICES DE ENDIVIDAMENTO
2.50
2.00
768,348.00
444,957.70
323,390.30
2008
%
%
%
%
400
350
300
250
200
10.91
150
100
50
COMPOSIA DE
ENDIVIDAMENTO
169.81
IMOBILIZAO DO PATRIMONIO
LIQUIDO
0.86
0.64
0.42
2008
2007
0.96 0.49
40.00
32.07
29.81
20.00
32.38
2.00
9.96
1.01
0.79
-5.37
-1.38
ALAVANCAGEM FINANCEIRA
0.53
0.46
0.24
0.52
0.24
GIRO DO ATIVO
-20.00
NDICES DE ROTATIVIDADE
GIRO DO ESTOQUE
Retorno do Ativo
-2.00
-5.40
-4.00
MARGEM OPERACIONAL
-40.00
-6.05
-8.00
-80.00
-100.00
-6.00
MARGEM LIQUIDA
-60.00
-74.52
RENTABILIDADE DO
PATRIMONIO LIQUIDO
-94.87
Grau de alavancagem
financeira
-10.00
-11.35
-120.00
PAY BACK
2008
-12.00
2007
2008
2007
NDICES DE KANITZ
35.00
32.11
X1= Lucro Lquido/Patrimnio Lquido
30.00
25.00
X2 = Ativo Circulante + Realizvel a Longo Prazo/ Exig.Total
20.00
15.00
X3= Ativo Circulante Estoques/Passivo Circulante
10.00
5.00
0.70
0.69
0.91
0.24
1.03
1.68
2.20
1.70
-5.00
-10.00
2008
2007