MIRA
INFORM REPORT
|
Report Date : |
12.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
HENRIFARMA PRODUTOS QUIMICOS E FARMACEUTICOS LTDA. |
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Registered Office : |
Rua Freire Da Silva,209 E 217 - Vila Monumento 01523-020 - São Paulo/SP |
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Country : |
Brazil |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
05.06.1963 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale of Chemical and Pharmaceutical Products. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name of the company
HENRIFARMA PRODUTOS QUIMICOS E FARMACEUTICOS LTDA.
ADDRESSES
MAIN ADDRESS: RUA FREIRE DA
SILVA,209 E 217 - VILA MONUMENTO
ZIP CODE/CITY: 01523-020
- SÃO PAULO/SP
PHONE: 11
3385-2013
FAX: 11
3385-2013
E-MAIL: laercio@henrifarma.com.br
WEB SITE: www.henrifarma.com.br
BRANCHES:
ADDRESS: RUA
MACHADO DE ASSIS,137 / 141
ZIP CODE/CITY: SÃO PAULO/SP
LEGAL DATA
MAIN ACTIVITIES:
WHOLESALE OF CHEMICAL AND PHARMACEUTICAL PRODUCTS.
LEGAL FORM: LIMITED LIABILITY COMPANY
INCORPORATION
DATE: 05/06/1963
REGISTER DATE: 13/08/1963
BALANCE SHEET
FILING DATE: 31/12
TAX CONTRIBUTOR
NUMBER(CNPJ): 61.074.662/0001-09
STATE REGISTER: 105.285.583.114
SHARE CAPITAL: R$
500.000,00
LAST REGISTER OF
CAPITAL: 07/08/1998
BOARD OF DIRECTORS:
ERNESTO HENRIQUES DIRECTOR
FERNANDO HENRIQUES
JUNIOR DIRECTOR
RUBENS HENRIQUES DIRECTOR
AUTHORIZED USE OF SIGNATURE
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.
SHAREHOLDERS / PARTNERS:
MERCEDES MARQUES
HENRIQUES 39,76%
FERNANDO HENRIQUES 39,76%
NELSON HENRIQUES
(DECEASED) 12,52%
RUBENS HENRIQUES 7,96%
AFFILIATES / SUBSIDIARIES:
HENRI - MÓVEIS LTDA
COMPANY'S BACKGROUND
THE SUBJECT WAS ESTABLISHED IN AUGUST 1963 TO BE ENGAGED IN THE SAID
LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE
REPORTED HEREIN.
THE COMPANY OPERATES WITH THE TRADE NAME HENRIFARMA.
FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN.
PUBLIC
INFORMATION:
NO DETRIMENTAL FILES WERE FOUND.
(RESEARCH DATE: 08/08/2008)
FINANCIAL INFORMATION
GENERAL BALANCE SHEETS AS OF 31/12/2006, 31/12/2005 AND 31/12/2004.
( FIGURES ARE IN REAIS ).
|
ASSETS |
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|
|
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CURRENT: |
31/12/2006 |
31/12/2005 |
31/12/2004 |
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|
|
|
|
|
CASH AND BANKS |
162.068,48 |
218.299,65 |
72.642,92 |
|
CLIENTS |
1.299.546,53 |
1.172.502,73 |
1.151.805,54 |
|
INVENTORY |
2.301.611,00 |
2.049.611,34 |
2.168.148,40 |
|
ADVANCES |
|
117.968,93 |
294.892,64 |
|
OTHER |
35.506,29 |
|
9.084,26 |
|
SHORT TERM INVESTMENTS |
|
27.942,44 |
27.942,44 |
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---------------- |
---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
3.798.732,30 |
3.586.325,09 |
3.724.516,20 |
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LONG-TERM
RECEIVABLES: |
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|
|
|
|
|
|
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COMPULSORY LOANS |
|
28.817,60 |
28.817,60 |
|
OTHER CREDITS |
68.855,30 |
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|
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JUDICIAL DEPOSITS |
16.633,22 |
16.633,22 |
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---------------- |
---------------- |
---------------- |
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TOTAL LONG-TERM RECEIVABLES |
85.488,52 |
45.450,82 |
28.817,60 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
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FIXED ASSETS |
1.378.357,13 |
631.081,07 |
701.395,04 |
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---------------- |
---------------- |
---------------- |
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TOTAL FIXED ASSETS |
1.378.357,13 |
631.081,07 |
701.395,04 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
5.262.577,95 |
4.262.856,98 |
4.454.728,84 |
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LIABILITIES: |
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|
|
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CURRENT: |
31/12/2006 |
31/12/2005 |
31/12/2004 |
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|
|
|
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SUPPLIERS |
806.936,57 |
370.425,29 |
398.876,47 |
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FOREIGN SUPPLIERS |
|
488.677,64 |
447.897,25 |
|
LOANS AND FINANCING |
1.446.848,86 |
922.621,88 |
545.714,48 |
|
TAXES & CONTRIBUTIONS |
730.262,93 |
306.861,04 |
249.196,69 |
|
ACCOUNTS PAYABLE |
124.564,99 |
82.439,50 |
103.600,04 |
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---------------- |
---------------- |
---------------- |
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TOTAL CURRENT LIABILITIES |
3.108.613,35 |
2.171.025,35 |
1.745.284,93 |
|
LONG TERM
LIABILITIES: |
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|
|
|
|
|
|
|
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LOANS AND FINANCING |
765.880,78 |
765.156,06 |
734.219,00 |
|
TAXES AND CONTRIBUTIONS |
359.974,51 |
649.189,62 |
1.400.053,45 |
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---------------- |
---------------- |
---------------- |
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TOTAL LONG TERM LIABILITIES |
1.125.855,29 |
1.414.345,68 |
2.134.272,45 |
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NET EQUITY: |
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|
|
|
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SHARE CAPITAL |
500.000,00 |
500.000,00 |
500.000,00 |
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CAPITAL RESERVES |
16.007,40 |
16.007,40 |
16.007,40 |
|
ACCRUED PROFIT (LOSS) |
512.101,91 |
161.478,55 |
59.164,06 |
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---------------- |
---------------- |
---------------- |
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TOTAL NET EQUITY |
1.028.109,31 |
677.485,95 |
575.171,46 |
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================ |
================ |
================ |
|
TOTAL LIABILITIES |
5.262.577,95 |
4.262.856,98 |
4.454.728,84 |
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PROFIT AND LOSS ACCOUNTS AS OF 31/12/2006,
31/12/2005 AND 31/12/2004. |
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( FIGURES ARE IN REAIS ). |
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|
31/12/2006 |
31/12/2005 |
31/12/2004 |
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|
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GROSS SALES |
14.540.009,36 |
13.776.227,00 |
11.804.971,28 |
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(-) TAXES ON
SALES |
3.981.069,10 |
2.542.343,48 |
1.843.507,32 |
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---------------- |
---------------- |
---------------- |
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NET SALES |
10.558.940,26 |
11.233.883,52 |
9.961.463,96 |
|
(-) COST OF SOLD
GOODS |
5.460.034,24 |
6.106.160,19 |
5.746.455,73 |
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---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
5.098.906,02 |
5.127.723,33 |
4.215.008,23 |
|
OPERATING
REVENUE (EXPENSE) |
-4.825.625,44 |
-4.081.019,60 |
-3.205.788,91 |
|
FINANCIAL
REVENUE(EXPENSE) |
-783.059,56 |
-895.869,90 |
-928.667,72 |
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---------------- |
---------------- |
---------------- |
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OPERATIONAL
PROFIT (LOSS) |
-509.778,98 |
150.833,83 |
80.551,60 |
|
NON-OPERATING
RESULT |
860.402,34 |
|
|
|
CONTRIBUTION/INCOME
TAX |
|
-48.519,34 |
-21.387,54 |
|
|
---------------- |
---------------- |
---------------- |
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NET PROFIT
(LOSS) |
350.623,36 |
102.314,49 |
59.164,06 |
|
MONTHLY SALES |
|||
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|
2008 |
2007 |
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--------------------- |
--------------------- |
|
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JANUARY |
R$ 1.069.534,28 |
R$ 1.104.001,53 |
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FEBRUARY |
R$ 1.066.412,65 |
R$ 928.597,19 |
|
|
MARCH |
R$ 1.021.069,00 |
R$ 1.224.199,86 |
|
|
APRIL |
R$ 1.218.886,32 |
R$ 1.133.421,38 |
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|
MAY |
R$ 1.360.735,33 |
R$ 1.330.067,40 |
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JUNE |
|
R$ 1.133.197,59 |
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JULY |
|
R$ 1.183.355,78 |
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AUGUST |
|
R$ 1.290.253,53 |
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SEPTEMBER |
|
R$ 1.327.537,84 |
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OCTOBER |
|
R$ 1.447.162,99 |
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NOVEMBER |
|
R$ 1.122.574,51 |
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DECEMBER |
|
R$ 1.041.222,87 |
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TOTAL |
R$ 5.736.637,58 |
R$ 14.265.592,47 |
|
|
RATIOS: |
31/12/2006 |
31/12/2005 |
31/12/2004 |
|
QUICK RATIO |
,48 |
|
,71 |
|
,89 |
|
|
CURRENT RATIO |
1,22 |
|
1,65 |
|
2,13 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
8,13 |
TIMES |
9,58 |
TIMES |
8,65 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
44,31 |
DAYS |
37,57 |
DAYS |
41,63 |
DAYS |
|
INVENTORY TURNOVER |
2,37 |
TIMES |
2,98 |
TIMES |
2,65 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
53,20 |
DAYS |
21,84 |
DAYS |
24,99 |
DAYS |
|
RETURN ON ASSETS |
2,01 |
TIMES |
2,64 |
TIMES |
2,24 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
10,27 |
TIMES |
16,58 |
TIMES |
17,32 |
TIMES |
|
NET WORTH TIE-UP |
1,34 |
|
,93 |
|
1,22 |
|
|
INDEBTEDNESS |
4,12 |
|
5,29 |
|
6,75 |
|
|
EQUITY RATIO |
19,54 |
% |
15,89 |
% |
12,91 |
% |
|
WORKING CAPITAL RATIO |
22,20 |
% |
65,19 |
% |
113,40 |
% |
|
GENERAL SOLVENCY |
1,24 |
|
1,19 |
|
1,15 |
|
|
RETURN ON NET EQUITY |
34,10 |
% |
15,10 |
% |
10,29 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
3,32 |
% |
,91 |
% |
,59 |
% |
|
GROSS PROFIT MARGIN |
48,29 |
% |
45,65 |
% |
42,31 |
% |
|
OPERATIONAL RESULT |
-4,83 |
% |
1,34 |
% |
,81 |
% |
|
SALES TURNOVER ON LIABILITIES |
3,40 |
TIMES |
5,17 |
TIMES |
5,71 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
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|
|
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EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,61 |
- OFFICIAL RATE ON 08/08/2008 |
|
US$ 1,00 = R$ 2,13 |
- OFFICIAL RATE ON 31/12/2006 |
|
US$ 1,00 = R$ 2,34 |
- OFFICIAL RATE ON 31/12/2005 |
|
US$ 1,00 = R$ 2,34 |
- OFFICIAL RATE ON 31/12/2004 |
COMMENTS ON THE
FINANCIAL INFORMATION:
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS.
THE FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING. IT SHOWS HIGH
LEVEL OF INDEBTEDNESS MAINLY DUE TO ITS HIGH TRADE AND FINANCIAL DEBTS BUT IT
IS NOTED GOOD CURRENT RATIO AND POSITIVE WORKING CAPITAL AMOUNT, CONSIDERED
SUFFICIENT TO COVER THE SHORT-TERM LIABILITIES. IN ADDITION THE COMPANY
OPERATES WITH GROWING SALES AND PROFITABILITY. SO FAR NO SIGNS OF FINANCIAL OR
OPERATIONAL PROBLEMS ARE NOTED.
REAL ESTATE:
OWNED PREMISES ARE VALUED AT R$
1.100.000,00
VEHICLES:
NOT AVAILABLE
MACHINES:
NOT AVAILABLE
INSURANCE
|
INSURANCE COMPANY: |
ITAÚ, SUL AMERICA, TÓQUIO MARINE, MARÍTIMA SEGUROS, PORTO SEGURO, AGF
BRASIL SEGUROS, BRADESCO |
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COVERAGE: |
THEFT, FIRE, LIFE |
|
EXPIRATION: |
NOT AVAILABLE |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO BRADESCO
S/A |
11 3209-9733 |
SÃO PAULO/SP |
|
BANCO DO BRASIL
S/A |
11 6165-4000 |
SÃO PAULO/SP |
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"). DATE RESEARCHED: AUGUST 8, 2008.
ACTIVITIES COMMENTS
THE SUBJECT IS ENGAGED IN THE WHOLESALE AND RETAIL SALE OF CHEMICAL AND
PHARMACEUTICAL PRODUCTS. THE PRODUCTS ARE SOLD MAINLY TO HOSPITAL, DRUGSTORES,
LABORATORIES, UNIVERSITIES AND RELATED CLIENTS. PRODUCTS ARE ALSO SOLD TO
CHEMICAL INDUSTRIES, PHARMACEUTICAL INDUSTRIES AND THE INDUSTRIES OF COSMETICS
AND VETERINARY PRODUCTS.
IMPORT AND EXPORT:
IMPORTS FROM:
SWITZERLAND, ITALY, GERMANY, INDIA, SPAIN, DENMARK AND CHINA.
EXPORTS TO:
DOES NOT EXPORT.
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
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BOTICA AO VEADO D,OURO LTDA |
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|
FUNEED - FUNDAÇÃO EZEQUIEL DIAS |
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|
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FURP - FUNDAÇÃO PARA O REMÉDIO POPULAR |
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HOSPITAL DAS CLÍNICAS DE SÃO PAULO |
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STAFF: |
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THE COMPANY HAS: 56 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1963. SO FAR
IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOUR, ENJOYING A FAVORABLE
REPUTATION AMONG LOCAL TRADE SOURCES.
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.
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MAIN SUPPLIERS: |
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|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
BUSCHLE & LEPPER S/A |
|
41 275-9669 |
|
CRODA DO BRASIL LTDA |
|
19 3765-3506 |
|
EKA QUÍMICA S/A |
|
11 5585-3671 |
|
ISP DO BRASIL LTDA |
|
11 3649-0458 |
|
LABSYNTH PRODUTOS PARA LABORATÓRIOS LTDA |
|
11 4072-6115 |
|
QUIMVALE Q.I. VALE DO PARAÍBA LTDA |
|
11 5082-4640 |
PAYMENT HISTORY:
|
13 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 197.370,00 |
|
|
|
AMOUNT OF INVOICES PAID: 120 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 8.874,00 |
|
HIGHEST CREDIT: R$ 29.169,00 |
|
|
|
OUTSTANDING INVOICES
DUE WITHIN THE NEXT 60 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
ALL |
4 |
24 |
R$ 42.590,00 |
|
DUE WITHIN 30 DAYS |
4 |
22 |
R$ 35.611,00 |
|
DUE WITHIN 60 DAYS |
1 |
21 |
R$ 6.979,00 |
FINAL OPINION
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS.
IT IS A FAMILY-RUN. UP TO DATE IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT
BEHAVIOUR.
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.
AMOUNT: 130.000,00 US DOLLAR
TERMS: 180 DAYS
THE COMPANY HAS PAYMENT CAPACITY AND IS CONSIDERED CREDITWORTHY FOR THE
ABOVE AMOUNT AND TERM.
|
HENRIFARMA
PRODUTOS QUIMICOS E FARMACEUTICOS LTDA |
|
|
|
|
|
|
|
BALANCE SHEET
ANALYSIS |
FIGURES ARE IN REAIS |
|
|
|
|
|
|
|
31-12-06 |
|
31-12-05 |
|
31-12-04 |
|
|
ASSETS |
|
% |
|
% |
|
% |
|
Current Assets |
72.18 |
$ 3,586,325 |
84.13 |
$ 3,724,516 |
83.61 |
|
|
Fixed Assets |
$ 1,378,357 |
26.19 |
$ 631,081 |
14.80 |
$ 701,395 |
15.74 |
|
TOTAL ASSETS |
$ 5,262,578 |
100.00 |
$ 4,262,857 |
100.00 |
$ 4,454,729 |
100.00 |
|
LIABILITIES |
|
|
|
|
|
|
|
Current Liabilities |
$ 3,108,613 |
59.07 |
$ 2,171,025 |
50.93 |
$ 1,745,285 |
39.18 |
|
Long-Term Liabilities |
$ 1,125,855 |
21.39 |
$ 1,414,346 |
33.18 |
$ 2,134,272 |
47.91 |
|
TOTAL LIABILITIES |
$ 4,234,469 |
80.46 |
$ 3,585,371 |
84.11 |
$ 3,879,557 |
87.09 |
|
Deferred Income |
$ - |
0.00 |
$ - |
0.00 |
$ - |
0.00 |
|
Net Equity |
$ 1,028,109 |
19.54 |
$ 677,486 |
15.89 |
$ 575,171 |
12.91 |
|
TOTAL LIABILITIES + NET EQUITY |
$ 5,262,578 |
100.00 |
$ 4,262,857 |
100.00 |
$ 4,454,729 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
|
|
|
Net Sales |
$ 10,558,940 |
100.00 |
$ 11,233,884 |
100.00 |
$ 9,961,464 |
100.00 |
|
Costs |
$ 5,460,034 |
51.71 |
$ 6,106,160 |
54.35 |
$ 5,746,456 |
57.69 |
|
Gross Profit |
$ 5,098,906 |
48.29 |
$ 5,127,723 |
45.65 |
$ 4,215,008 |
42.31 |
|
Operating expenses |
$ (4,825,625) |
-45.70 |
$ (4,081,020) |
-36.33 |
$ (3,205,789) |
-32.18 |
|
operational Result |
$ (509,779) |
-4.83 |
$ 150,834 |
1.34 |
$ 80,552 |
0.81 |
|
Net Profit (loss) |
$ 350,623 |
3.32 |
$ 102,314 |
0.91 |
$ 59,164 |
0.59 |
|
COMPLEMENTARY DATA |
|
|
|
|
|
|
|
Inventory |
$ 2,301,611 |
|
$ 2,049,611 |
|
$ 2,168,148 |
|
|
Accounts receivable |
$ 1,299,547 |
|
$ 1,172,503 |
|
$ 1,151,806 |
|
|
Accounts Payable |
$ 806,937 |
|
$ 370,425 |
|
$ 398,876 |
|
|
Property, plant and equipment |
$ 1,378,357 |
|
$ 631,081 |
|
$ 701,395 |
|
|
Purchases |
$ 1,378,357 |
|
$ 631,081 |
|
$ 701,395 |
|
|
Financial Expenses |
$ (783,060) |
|
$ (895,870) |
|
$ (928,668) |
|
|
Foreign Currency Assets |
|
|
|
|
|
|
|
Foreign Currency Liabilities |
|
|
|
|
|
|
|
Working Capital |
$ 690,119 |
|
$ 1,415,300 |
|
$ 1,979,231 |
|
|
RATIOS: |
|
|
|
|
|
|
|
QUICK RATIO |
0.48 |
|
0.71 |
|
0.89 |
|
|
CURRENT RATIO |
1.22 |
|
1.65 |
|
2.13 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
8.13 |
times |
9.58 |
times |
8.65 |
times |
|
DAYS' SALES IN RECEIVABLES |
44.31 |
days |
37.57 |
days |
41.63 |
days |
|
INVENTORY TURNOVER |
2.37 |
times |
2.98 |
times |
2.65 |
times |
|
53.20 |
days |
21.84 |
days |
24.99 |
days |
|
|
RETURN ON ASSETS |
2.01 |
times |
2.64 |
times |
2.24 |
times |
|
SALES TURNOVER ON NET EQUIY |
10.27 |
times |
16.58 |
times |
17.32 |
times |
|
NET WORTH TIE-UP |
1.34 |
|
0.93 |
|
1.22 |
|
|
ENDEBTEDNESS |
4.12 |
|
5.29 |
|
6.75 |
|
|
EQUITY RATIO |
19.54 |
% |
15.89 |
% |
12.91 |
% |
|
WORKING CAPITAL RATIO |
22.20 |
% |
65.19 |
% |
113.40 |
% |
|
GENERAL SOLVENCY |
1.24 |
|
1.19 |
|
1.15 |
|
|
RETURN ON NET EQUITY |
34.10 |
% |
15.10 |
% |
10.29 |
% |
|
RETURN ON SALES (PROFIT
MARGIN) |
3.32 |
% |
0.91 |
% |
0.59 |
% |
|
GROSS PROFIT MARGIN |
48.29 |
% |
45.65 |
% |
42.31 |
% |
|
OPERATIONAL RESULT |
(4.83) |
% |
1.34 |
% |
0.81 |
% |
|
SALES TURNOVER ON LIABILITIES |
3.40 |
times |
5.17 |
times |
5.71 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
- |
% |
- |
% |
|
FOREIGN CURRENCY ON
LIABILITIES |
- |
% |
- |
% |
- |
% |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.67 |
|
UK Pound |
1 |
Rs.80.92 |
|
Euro |
1 |
Rs.63.71 |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)