Makes recommendations to the company based on your analysis and interpretation of the financial position as per the following analysis:

December 31, 2020	20	December 31, 2019	19	December 31, 2018	18	2020 Vs 2019	2019 Vs 2018
Cash and cash equivalents	24,890,848.00	8%	22,775,922.00	8%	26,033,073.00	9%	109%	87%	22%
Short-term financial assets at fair value through profit or loss	60,528.00	0%	1,463,362.00	0%	1,717,732.00	1%	4%	85%	-81%
Trade receivables	26,231,413.00	8%	29,760,796.00	9%	29,059,541.00	9%	88%	102%	-14%
Inventories	27,144,693.00	8%	22,674,661.00	7%	24,869,754.00	8%	120%	91%	29%
Property, plant and equipment	109,239,795.00	34%	101,507,691.00	32%	99,031,047.00	31%	108%	103%	5%
Total assets	320,414,624.00	100%	298,667,777.00	93%	291,178,800.00	91%	107%	103%	5%
Trade payables	8,250,382.00	10%	7,385,463.00	9%	7,276,025.00	8%	112%	102%	10%
Current income tax liabilities	3,753,014.00	4%	1,175,623.00	1%	7,482,067.00	9%	319%	16%	304%
Total liabilities	86,650,926.00	100%	75,974,024.00	88%	78,599,066.00	91%	114%	97%	17%
Retained earnings	229,629,870.00	98%	215,664,672.00	92%	208,243,059.00	89%	106%	104%	3%
Total Equities	233,763,698.00	100%	222,693,753.00	95%	212,579,734.00	91%	105%	105%	0%