MIRA
INFORM REPORT
|
Report Date : |
05.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
SANVAL COMÉRCIO E INDÚSTRIA LTDA |
|
|
|
|
Registered Office : |
Avenida Nicolau Alayon, 441 - Interlagos 04802-000 - São Paulo/Sp |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
02.02.1960 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of Pharmaceuticals |
|
|
|
|
No. of Employees : |
158 |
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 |
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|
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Brazil |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
SANVAL COMÉRCIO E INDÚSTRIA LTDA
ADDRESSES
|
MAIN ADDRESS: |
AVENIDA NICOLAU ALAYON, 441 - INTERLAGOS |
|
ZIP CODE/CITY: |
04802-000 - SÃO PAULO/SP |
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|
|
|
PHONE: |
11 5660-4022 |
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FAX: |
11 5521-2033 |
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E-MAIL: |
fernandooliveira@hipolabor.com.br |
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WEB SITE: |
www.sanval.com.br |
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BRANCHES: |
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|
|
|
ADDRESS: |
AVENIDA HERÁCLITO MOURÃO DE MIRANDA, 2520 - CASTELO |
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ZIP CODE/CITY: |
31330-270 BELO HORIZONTE/MG |
|
CNPJ: |
61.068.755/0006-27 |
|
STATE REGISTER: |
001118559.00-30 |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF PHARMACEUTICALS. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
02/02/1960 |
|
REGISTER DATE: |
02/02/1960 |
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BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER (CNPJ): |
61.068.755/0001-12 |
|
STATE REGISTER: |
105.211.358.111 |
|
|
|
|
SHARE CAPITAL: |
R$ 8.610.000,00 |
|
LAST REGISTER OF CAPITAL: |
31/12/2003 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
ILDEU DE OLIVEIRA MAGALHÃES |
MANAGING PARTNER |
AUTHORIZED USE OF SIGNATURE
|
THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
ILDEU DE OLIVEIRA MAGALHÃES |
96,0% |
|
VIRGÍNIA ARANTES NEVES DE MAGALHÃES |
1,0% |
|
GUSTAVO NEVES DE MAGALHÃES |
1,0% |
|
ANDRÉ NEVES DE MAGALHÃES |
1,0% |
|
RENATO ALVES DA SILVA |
1,0% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
HIPOLABOR FARMACÊUTICA LTDA |
|
|
FERGUS MODA MASCULINA LTDA |
|
|
BIOFOCUS PESQUISA E DESENVOLVIMENTO FARMACÊUTICO LTDA |
|
|
CEBIO - CENTRO DE PESQUISA EM BIOTECNOLOGIA LTDA |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON FEBRUARY 2, 1960 AS SANVAL S/A COMÉRCIO
REPRESENTAÇÃO E IMPORTAÇÃO TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON
MARCH 2, 1967 IT ADOPTED THE ABOVE-MENTIONED NAME AND UP TO DATE IT IS STILL
OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN. TRADE NAME: "SANVAL". PARTNERS: ILDEU DE OLIVEIRA MAGALHÃES: BRAZILIAN, MARRIED, INDUSTRIAL, HOLDER OF
DOCUMENTS CPF 138.361.376-15 AND RG M-570.996 SSP/MG, RESIDENTIAL ADDRESS RUA
TOMÁS GONZAGA, 530, APTO. 2600, LOURDES, ZIP CODE 30180-140, BELO
HORIZONTE/MG; VIRGÍNIA ARANTES NEVES DE MAGALHÃES: BRAZILIAN, MARRIED, MANAGER,
HOLDER OF DOCUMENTS CPF 315.221.496-00 AND RG M-995.424 SSP/MG, RESIDENTIAL
ADDRESS RUA TOMÁS GONZAGA, 530, APTO. 2600, LOURDES, ZIP CODE 30180-140, BELO
HORIZONTE/MG; GUSTAVO NEVES DE MAGALHÃES: BRAZILIAN, SINGLE, ENTREPRENEUR, HOLDER OF
DOCUMENTS CPF 053.214.066-42 AND RG MG-10.742.772 SSP/MG, RESIDENTIAL ADDRESS
RUA TOMÁS GONZAGA, 530, APTO. 2600, LOURDES, ZIP CODE 30180-140, BELO
HORIZONTE/MG; ANDRÉ NEVES DE MAGALHÃES: BRAZILIAN, SINGLE, ENTREPRENEUR, HOLDER OF
DOCUMENTS CPF 059.035.236-92 AND RG MG-11.531.172 SSP/MG, RESIDENTIAL ADDRESS
RUA TOMÁS GONZAGA, 530, APTO. 2600, LOURDES, ZIP CODE 30180-140, BELO
HORIZONTE/MG; RENATO ALVES DA SILVA: BRAZILIAN, MARRIED, PHARMACIST, HOLDER OF
DOCUMENTS CPF 829.318-606-20 AND RG M-4.332.539 SSP/MG, RESIDENTIAL ADDRESS
RUA JOSÉ FERREIRA CASCÃO, 30, APTO. 600, BELVEDERE, ZIP CODE 30320-720, BELO
HORIZONTE/MG. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
2 |
MUNICIPAL LAWSUIT |
28/12/09 |
1ª VARA DE SOROCABA/SP |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 31/12/2010, 31/12/2009 AND 31/12/2008. |
|
(FIGURES ARE IN REAIS). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
CASH AND BANKS |
520.104,05 |
587.288,59 |
249.773,73 |
|
CLIENTS |
4.930.892,55 |
8.446.842,73 |
5.477.859,78 |
|
INVENTORY |
14.378.819,30 |
8.998.520,72 |
7.782.078,09 |
|
RECOVERABLE TAXES |
817.778,63 |
236.721,30 |
1.087.316,50 |
|
ADVANCE TO EMPLOYEES |
21.116,95 |
28.238,76 |
65.958,88 |
|
OTHER ADVANCES |
215.288,48 |
1.195.113,72 |
1.257.047,61 |
|
OTHER |
5.483,21 |
5.483,21 |
5.483,21 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
20.889.483,17 |
19.498.209,03 |
15.925.517,80 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
JUDICIAL DEPOSITS |
244.225,13 |
139.138,42 |
67.968,50 |
|
OTHER CREDITS |
240,00 |
240,00 |
240,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
244.465,13 |
139.378,42 |
68.208,50 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
757.849,17 |
1.340.396,61 |
1.911.616,41 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
757.849,17 |
1.340.396,61 |
1.911.616,41 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
21.891.797,47 |
20.977.984,06 |
17.905.342,71 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
SUPPLIERS |
4.545.796,30 |
4.131.843,21 |
5.513.422,18 |
|
LOANS AND FINANCING |
|
1.732.373,28 |
|
|
LABOR OBLIGATIONS |
428.886,26 |
397.571,92 |
534.374,34 |
|
TRIBUTARY OBLIGATIONS |
36.845,78 |
262.383,20 |
72.704,93 |
|
SOCIAL OBLIGATIONS |
212.116,54 |
213.867,15 |
182.179,07 |
|
OTHER DEBTS |
1.758.523,22 |
1.361.904,24 |
243.962,08 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
6.982.168,10 |
8.099.943,00 |
6.546.642,60 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS |
8.735.370,87 |
8.411.931,75 |
5.827.507,08 |
|
MUTUAL CONTRACT |
19.941.573,59 |
1.529.705,85 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
28.676.944,46 |
9.941.637,60 |
5.827.507,08 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
8.610.000,00 |
8.610.000,00 |
8.610.000,00 |
|
RESOURCE/INCREASE CAPITAL |
|
15.288.068,25 |
15.288.068,25 |
|
ACCRUED PROFIT (LOSS) |
-22.377.315,09 |
-20.961.664,79 |
-18.366.875,22 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
-13.767.315,09 |
2.936.403,46 |
5.531.193,03 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
21.891.797,47 |
20.977.984,06 |
17.905.342,71 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2010, 31/12/2009 AND 31/12/2008. |
|
(FIGURES ARE IN REAIS). |
|
|
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
GROSS SALES |
39.674.656,68 |
44.079.030,75 |
42.263.107,52 |
|
(-) TAXES ON SALES |
6.175.505,58 |
6.182.444,81 |
7.236.775,37 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
33.499.151,10 |
37.896.585,94 |
35.026.332,15 |
|
(-) COST OF SOLD GOODS |
26.740.361,88 |
30.064.167,70 |
28.646.333,41 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
6.758.789,22 |
7.832.418,24 |
6.379.998,74 |
|
OPERATING REVENUE (EXPENSE) |
-4.146.618,38 |
-6.486.994,59 |
-7.979.650,56 |
|
FINANCIAL REVENUE (EXPENSE) |
-4.027.821,14 |
-3.940.213,22 |
-3.877.649,86 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
-1.415.650,30 |
-2.594.789,57 |
-5.477.301,68 |
|
NON-OPERATING RESULT |
|
|
-35.849,55 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
-1.415.650,30 |
-2.594.789,57 |
-5.513.151,23 |
|
MONTHLY SALES |
|||
|
|
2011 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 3.994.391,64 |
|
|
|
FEBRUARY |
R$ 2.410.684,81 |
|
|
|
MARCH |
R$ 3.327.600,83 |
|
|
|
APRIL |
R$ 2.383.222,51 |
|
|
|
MAY |
R$ 2.682.611,22 |
|
|
|
JUNE |
R$ 2.927.274,22 |
|
|
|
JULY |
R$ 3.228.029,44 |
|
|
|
AUGUST |
R$ 2.136.865,41 |
|
|
|
SEPTEMBER |
|
|
|
|
OCTOBER |
|
|
|
|
NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$ 23.090.680,08 |
|
|
|
RATIOS: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
QUICK RATIO |
,93 |
|
1,30 |
|
1,24 |
|
|
CURRENT RATIO |
2,99 |
|
2,41 |
|
2,43 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
6,79 |
TIMES |
4,49 |
TIMES |
6,39 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
52,99 |
DAYS |
80,24 |
DAYS |
56,30 |
DAYS |
|
INVENTORY TURNOVER |
1,86 |
TIMES |
3,34 |
TIMES |
3,68 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
61,20 |
DAYS |
49,48 |
DAYS |
69,29 |
DAYS |
|
RETURN ON ASSETS |
1,53 |
TIMES |
1,81 |
TIMES |
1,96 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
-2,43 |
TIMES |
12,91 |
TIMES |
6,33 |
TIMES |
|
NET WORTH TIE-UP |
-,06 |
|
,46 |
|
,35 |
|
|
INDEBTEDNESS |
-2,59 |
|
6,14 |
|
2,24 |
|
|
EQUITY RATIO |
-62,89 |
% |
14,00 |
% |
30,89 |
% |
|
WORKING CAPITAL RATIO |
199,18 |
% |
140,72 |
% |
143,26 |
% |
|
GENERAL SOLVENCY |
,61 |
|
1,16 |
|
1,45 |
|
|
RETURN ON NET EQUITY |
10,28 |
% |
-88,37 |
% |
-99,67 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
-4,23 |
% |
-6,85 |
% |
-15,74 |
% |
|
GROSS PROFIT MARGIN |
20,18 |
% |
20,67 |
% |
18,21 |
% |
|
OPERATIONAL RESULT |
-4,23 |
% |
-6,85 |
% |
-15,64 |
% |
|
SALES TURNOVER ON LIABILITIES |
4,80 |
TIMES |
4,68 |
TIMES |
5,35 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,79 |
- OFFICIAL RATE ON 01/12/2011 |
|
US$ 1,00 = R$ 1,66 |
- OFFICIAL RATE ON 31/12/2010 |
|
US$ 1,00 = R$ 1,74 |
- OFFICIAL RATE ON 31/12/2009 |
|
US$ 1,00 = R$ 2,33 |
- OFFICIAL RATE ON 31/12/2008 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW AN UNBALANCED FINANCIAL. IT IS NOTED VERY HIGH
LEVEL OF INDEBTEDNESS WITH NEGATIVE NET EQUITY BUT THE COMPANY OPERATES WITH
GOOD LIQUIDITY WHICH IS CONSIDERED SUFFICIENT TO COVER THE SHORT TERM DEBTS.
IT SHOWS GROWING SALES BUT THE HIGH FINANCIAL AND OPERATING EXPENSES DROVE
THE COMPANY TO MAKE HIGH LOSS. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
7.640.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
253.990,55
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 7.382.633,16
INSURANCE
|
INSURANCE COMPANY: |
SUL AMERICA CIA NACIONAL DE SEGUROS |
|
COVERAGE: |
FACILITIES AND BUILDING |
|
VALUE: |
R$ 22.200.000,00 |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO DO BRASIL S/A |
2434-1 / 11 5644-5900 |
SÃO PAULO/SP |
|
BANCO RURAL S/A |
0002 / 31 2126-5021 |
BELO HORIZONTE/MG |
|
BANCO SANTANDER (BRASIL) S/A |
/ 11 5668-1600 |
SÃO PAULO/SP |
|
BANCO SANTANDER (BRASIL) S/A |
/ 31 3287-5128 |
BELO HORIZONTE/MG |
|
BANCO BRADESCO S/A |
/ 11 5545-9626 |
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"). |
ACTIVITIES COMMENTS
|
THE SUBJECT IS ENGAGED IN THE MANUFACTURE OF PHARMACEUTICALS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
ITALY, CHINA, INDIA, SWITZERLAND, GERMANY AND FRANCE. |
EXPORTS TO:
|
DOES NOT EXPORT. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
PHONE: |
|
BUARQUE COMÉRCIO E REPRES. LTDA |
|
85 3272-5959 |
|
CERVOSUL DISTRIBUIDORA PERFUMARIA LTDA |
|
51 3232-9247 |
|
COMERCIAL CIRÚRGICA RIOCARENSE LTDA |
|
19 3522-5800 |
|
DIFARMIG LTDA |
|
31 3295-1377 |
|
DISTRIBUIDORA NAVARRO DE MEDICAMENTOS LTDA |
|
11 3975-4852 |
|
GAUCHAFARMA MEDICAMENTOS LTDA |
|
51 3338-1566 |
|
RHAMIS DISTRIBUIDORA FARMACÊUTICA LTDA |
|
31 3486-9697 |
|
UNIVERSAL DISTRIBUIDORA FARMACÊUTICA LTDA |
|
85 3264-3333 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 158 EMPLOYEES |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS AN OLD-ESTABLISHED COMPANY, OPERATING SINCE 1960. SO
FAR IT HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEMS ARE NOTED. THE COMPANY HAS TRADE RELATIONS WITH SOME 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. THE LAWSUITS REPORTED ARE NOT RELATED WITH TRADE DEBTS. THEY ARE
RELATED TO TAX DEBTS THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID.
NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUITS DO NOT AFFECT THE COMPANY’S
TRADE REPUTATION. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
BLANVER FARMOQUÍMICA LTDA |
|
11 7922-8588 |
|
CIA UNIÃO DOS REFIN. DE AÇÚCAR E CAFÉ |
|
11 3608-8225 |
|
COLORCON DO BRASIL LTDA |
|
11 4612-4262 |
|
FORLAB-CHITEC S/A COMÉRCIO INTERNACIONAL |
|
11 3277-0488 |
|
INDÚSTRIA GRÁFICA RODAR LTDA |
|
11 3521-1733 |
|
INNOVAPACK GRÁFICA E EDITORA S/A |
|
11 4646-4466 |
|
KENPACK SOLUÇÕES EM EMBALAGENS LTDA |
|
11 4057-6014 |
|
LAS DO BRASIL COM. PRODS. LABORAT. LTDA |
|
62 3094-5552 |
|
PLASTWAL INDÚSTRIA DE PLÁSTICOS LTDA |
|
11 4613-7600 |
|
TUBOCAP ARTEFATOS DE METAL LTDA |
|
11 3819-5049 |
|
VEDAT TAMPAS HERMÉTICAS LTDA |
|
11 4704-4266 |
|
VETEC QUÍMICA FINA LTDA |
|
21 3125-1920 |
|
VULCAN MATERIAL PLÁSTICO LTDA |
|
21 3362-2336 |
|
WHEATON DO BRASIL S/A |
|
11 4351-4433 |
|
FOREIGN
SUPPLIERS: |
|
COUNTRY: |
|
CHINA FORTUNE WAY CO LTD |
|
CHINA |
|
FERRO IM UND EXPORT |
|
GERMANY |
|
SUN PHARMACEUTICAL |
|
INDIA |
|
PAYMENT HISTORY: |
|
7 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 59.049,00 |
|
|
|
AMOUNT OF INVOICES PAID: 53 |
|
TOTAL OF PROMPT PAYMENTS: 97,3% |
|
TOTAL OF DELAYED PAYMENTS: 2,7% |
|
|
|
HIGHEST INVOICE: R$ 3.082,00 |
|
HIGHEST CREDIT: R$ 3.082,00 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. UP TO DATE IT HAS CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOR. BASED ON THE OVERALL DATA AVAILABLE THE SUBJECT MAY BE CONSIDERED FOR
NORMAL BUSINESS COMMITMENTS. CREDIT FACILITIES HOWEVER SHOULD BE GRANTED ON
FULLY SECURED TERMS ONLY DUE TO THE UNBALANCED FINANCIAL STANDING. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.35 |
|
|
1 |
Rs.80.50 |
|
Euro |
1 |
Rs.69.14 |
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.