MIRA
INFORM REPORT
|
Report Date : |
23.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
ARTHUR LUNDGREN TECIDOS SA - CASAS PERNAMBUCANAS |
|
|
|
|
Registered Office : |
Rua Da Consolação, 2387 /2411 - Cerqueira César 01301-909 - São
Paulo/Sp |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
10.04.1912 |
|
|
|
|
Legal Form : |
Privately Held Corporation |
|
|
|
|
Line of Business : |
Retail Chain Store |
|
|
|
|
No. of Employees : |
16014 |
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 |
|
Maximum Credit Limit : |
US$ 5.000.000,00 |
|
Status : |
Good |
|
Payment Behaviour : |
Regular |
|
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 and address
ARTHUR LUNDGREN TECIDOS S/A - CASAS PERNAMBUCANAS
ADDRESSES
|
MAIN ADDRESS: |
RUA DA CONSOLAÇÃO, 2387 /2411 - CERQUEIRA CÉSAR |
|
ZIP CODE/CITY: |
01301-909 |
|
|
|
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PHONE: |
11 3150-8550 |
|
FAX: |
11 3150-8866 |
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E-MAIL: |
abner.boa@pernambucanas.com.br |
|
WEB SITE: |
www.pernambucanas.com.br |
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BRANCHES: |
|
|
|
|
|
ADDRESS: |
AV. TAMBORE,1000 B - TAMBORE |
|
ZIP CODE/CITY: |
06460-000 BARUERI/SP |
|
|
|
|
ADDRESS: |
EST DOS ALPES,890 SETOR I - JARDIM BELVAL |
|
ZIP CODE/CITY: |
06.423-08 BARUERI/SP |
|
CNPJ: |
61.099.834/0217-83 |
|
THE COMPANY ALSO HAS 272 BRANCHES LOCATED THROUGHOUT THE FOLLOWING
STATES: SÃO PAULO, PARANÁ, MINAS GERAIS, SANTA CATARINA, MATO GROSSO, MATO
GROSSO DO SUL AND GOIÁS. A EMPRESA MANTÉM AINDA MAIS 3 (TRÊS) CENTROS DE DISTRIBUIÇÃO. |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
RETAIL CHAIN STORE. |
|
LEGAL FORM: |
PRIVATELY
HELD CORPORATION |
|
|
|
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INCORPORATION DATE: |
10/04/1912 |
|
REGISTER DATE: |
10/04/1912 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
61.099.834/0001-90 |
|
STATE REGISTER: |
100.705.469.119 |
|
|
|
|
SHARE CAPITAL: |
R$
231.000.000,00 |
|
BOARD OF DIRECTORS:
|
|
|
|
|
|
ANITA LOUISE REGINA HARLEY |
PRESIDENT DIRECTOR |
|
KARIN RÜGER DE ANTUNES MACIEL MÜSSNICH |
VICE-PRESIDENT DIRECTOR |
|
JIOVANINI DOMENICO CICCONE |
SUPERVISING DIRECTOR |
|
MARIO AUGUSTO MANTOVANI |
FINANCIAL DIRECTOR |
|
EDSON APPELLANIZ CELENTANO |
EXECUTIVE DIRECTOR |
|
MARCELO UBRIACO |
COMMERCIAL DIRECTOR |
|
VLADIMIR FORTES DOS SANTOS |
EXECUTIVE DIRECTOR |
AUTHORIZED USE OF SIGNATURE
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
NOVA PIRAJUÍ ADMINISTRAÇÃO S/A |
49,981% |
|
ALPHALUND COMPANHIA DE PARTICIPAÇÕES E INVESTIMENRTOS |
16,667% |
|
TABÚ PARTICIPAÇÕES E INVESTIMENTOS S/A |
16,667% |
|
RUMISA S/A |
16,666% |
|
ZODIAC EMPREENDIMENTOS E PARTICIPAÇÃO LTDA |
0,019% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
PERNAMBUCANAS FINANCIADORA S/A. CRED. FIN INV |
100,00% |
|
HOTEL JATIÚCA S/A |
99,60% |
|
MURICY SOC. DE COM. REPRES. E PARTICIPAÇÕES LTDA |
99,99% |
|
LUNDSERV ADM DE CARTÕES DE CRÉDITO E SERV GERAIS S/C LTDA |
99,80% |
|
TROPICANA HOTÉIS E TURISMO S/A |
100,00% |
|
JATIÚCA ADMINISTRADORA E SERVIÇOS LTDA |
10,00% |
COMPANY'S BACKGROUND
|
THE SUBJECT FIRM WAS ESTABLISHED ON APRIL 10, 1912 UNDER THE NAME
STYLE A.H. LUNDGREN & CO., AS RECORDED IN THE SAO ON APRIL 30, 1921, THE FIRM CHANGED ITS NAME TO ARTHUR LUNDGREN &
CIA LTDA., AND FINALLY, ON MAY 10, 1949 THE FIRM ACQUIRED ITS PRESENT NAME,
REGISTERED UNDER NO. 41.929. THE FIRM ENGAGES IN THE OPERATION OF A CHAIN OF 238 RETAIL STORES
LOCATED IN THE MAJOR COMMERCIAL AREAS THROUGHOUT BRAZIL. TRADE NAME: CASAS PERNAMBUCANAS. FURTHER DETAILS ARE SO FAR NOT KNOWN. WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. ABNER, ACCOUNTANT, WHO
INFORMED THAT WOULD NOT DISCLOSE ANY KIND OF INFORMATION UNLESS THE INQUIRING
PARTY'S NAME WAS DISCLOSED. IF IT IS POSSIBLE TO DISCLOSE THE NAME OF THE INTERESTED SUPPLIER OF
THE SUBJECT, WE MAY RESUME OUR CONTACTS AND TRY TO OBTAIN FURTHER
INFORMATION. THE DATA CONTAINED HEREIN WERE OBTAINED FROM OUTSIDE SOURCES, OUR
DATABASE AND OFFICIAL. NO FURTHER DATA WAS AVAILABLE WITH SEVERAL SOURCES
USUALLY INVESTIGATED. |
|
PUBLIC RECORDS
INFORMATION: |
|
PROTESTS: |
|
01 PROTEST,TOTAL AMOUNT R$ 6.300,00 |
|
DETAILS OF PROTEST: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
1º CARTORIO DE COTIA/SP |
29/11/2011 |
R$ 6.300,00 |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
9 |
MUNICIPAL LAWSUITS |
05/12/11 |
3ºVARA DE BELO HORIZONTE/MG |
|
6 |
FEDERAL LAWSUIT |
24/01/11 |
1° VARA DE SP-JAU |
|
3 |
STATE LAWSUIT |
23/11/11 |
2º VARA DE BELO HORIZONTE/MG |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 31/12/2010, 31/12/2009 AND 31/12/2008. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
CASH AND BANKS |
455.478 |
164.832 |
214.489 |
|
CLIENTS |
568.677 |
568.147 |
471.133 |
|
INVENTORY |
369.766 |
358.771 |
339.004 |
|
INTERCOMPANY CREDITS |
60.061 |
33.568 |
9.175 |
|
RECOVERABLE TAXES |
90.355 |
123.565 |
43.536 |
|
DERIVATIVES OPERATIONS |
|
|
32.548 |
|
OTHER CREDITS |
6.489 |
9.612 |
29.036 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
1.550.826 |
1.258.495 |
1.138.921 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
INTERCOMPANY CREDITS |
13.657 |
11.589 |
13.213 |
|
RECOVERABLE TAXES |
6.274 |
5.752 |
5.443 |
|
DERIVATIVES OPERATIONS |
|
|
69.346 |
|
DEFERRED TAXES |
52.803 |
55.752 |
52.953 |
|
JUDICIAL DEPOSITS |
15.486 |
21.415 |
23.723 |
|
OTHER CREDITS |
128 |
241 |
808 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
88.348 |
94.749 |
165.486 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
212.271 |
138.962 |
56.287 |
|
FIXED ASSETS |
328.952 |
292.904 |
302.807 |
|
INTANGIBLE |
30.925 |
21.552 |
19.042 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
572.148 |
453.418 |
378.136 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
2.211.322 |
1.806.662 |
1.682.543 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
SUPPLIERS |
637.193 |
561.303 |
428.308 |
|
LOANS AND FINANCING |
339.220 |
442.291 |
367.911 |
|
LABOR OBLIGATIONS |
112.490 |
90.345 |
69.320 |
|
TRIBUTARY OBLIGATIONS |
97.269 |
100.073 |
92.160 |
|
DEBT WITH RELATED PARTIES |
24.759 |
20.249 |
14.831 |
|
DERIVATIVES OPERATIONS |
10.963 |
21.607 |
4.599 |
|
DIVIDENDS |
28.767 |
15.151 |
12.754 |
|
INCOME TAX/SOCIAL CONTRIBUTION |
16.214 |
3.118 |
870 |
|
OTHER DEBTS |
36.964 |
33.055 |
20.629 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
1.303.839 |
1.287.192 |
1.011.382 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
SUPPLIERS |
2.203 |
|
|
|
RELATED COMPANIES |
2.328 |
2.188 |
2.111 |
|
TRIBUTARY OBLIGATIONS |
4.754 |
4.754 |
|
|
PROV./LOSSES IN INVESTMENTS |
7.536 |
4.788 |
3.288 |
|
LOANS AND FINANCING |
326.990 |
75.519 |
318.110 |
|
PROVISION FOR CONTINGENCIES |
17.884 |
|
12.976 |
|
OTHER |
2.723 |
12.966 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
364.418 |
100.215 |
336.485 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
231.000 |
231.000 |
231.000 |
|
PROFIT RESERVES |
312.065 |
188.255 |
103.676 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
543.065 |
419.255 |
334.676 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
2.211.322 |
1.806.662 |
1.682.543 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2010, 31/12/2009 AND 31/12/2008. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
GROSS SALES |
4.012.455 |
3.667.154 |
3.734.011 |
|
(-) TAXES ON SALES |
1.094.756 |
986.963 |
1.069.732 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
2.917.699 |
2.680.191 |
2.664.279 |
|
(-) COST OF SOLD GOODS |
1.895.373 |
1.722.269 |
1.776.876 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
1.022.326 |
957.922 |
887.403 |
|
OPERATING REVENUE (EXPENSE) |
-804.139 |
-793.632 |
-771.514 |
|
FINANCIAL REVENUE(EXPENSE) |
-25.300 |
-56.166 |
-60.468 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
192.887 |
108.124 |
55.421 |
|
CONTRIBUTION/INCOME TAX |
-30.461 |
-5.148 |
-1.722 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
162.426 |
102.976 |
53.699 |
|
RATIOS: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
QUICK RATIO |
,91 |
|
,70 |
|
,79 |
|
|
CURRENT RATIO |
1,19 |
|
,98 |
|
1,13 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
5,13 |
TIMES |
4,72 |
TIMES |
5,66 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
70,17 |
DAYS |
76,31 |
DAYS |
63,66 |
DAYS |
|
INVENTORY TURNOVER |
5,13 |
TIMES |
4,80 |
TIMES |
5,24 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
121,03 |
DAYS |
117,33 |
DAYS |
86,78 |
DAYS |
|
RETURN ON ASSETS |
1,32 |
TIMES |
1,48 |
TIMES |
1,58 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
5,37 |
TIMES |
6,39 |
TIMES |
7,96 |
TIMES |
|
NET WORTH TIE-UP |
,61 |
|
,70 |
|
,90 |
|
|
INDEBTEDNESS |
3,07 |
|
3,31 |
|
4,03 |
|
|
EQUITY RATIO |
24,56 |
% |
23,21 |
% |
19,89 |
% |
|
WORKING CAPITAL RATIO |
18,94 |
% |
-2,23 |
% |
12,61 |
% |
|
GENERAL SOLVENCY |
1,33 |
|
1,30 |
|
1,25 |
|
|
RETURN ON NET EQUITY |
29,91 |
% |
24,56 |
% |
16,05 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
5,57 |
% |
3,84 |
% |
2,02 |
% |
|
GROSS PROFIT MARGIN |
35,04 |
% |
35,74 |
% |
33,31 |
% |
|
OPERATIONAL RESULT |
6,61 |
% |
4,03 |
% |
2,08 |
% |
|
SALES TURNOVER ON LIABILITIES |
2,24 |
TIMES |
2,08 |
TIMES |
2,63 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,85 |
- OFFICIAL RATE ON 21/12/2011 |
|
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 A SATISFACTORY FINANCIAL STANDING. THE
LEVEL OF INDEBTEDNESS IS HIGH AND MAINLY IS COMPRISED BY TRADE AND FINANCIAL
DEBTS BUT IT IS NOTED NORMAL CURRENT RATIO AND POSITIVE WORKING CAPITAL,
CONSIDERED ENOUGH TO COVER THE SHORT TERM LIABILITIES. IN ADDITION IT IS
NOTED GROWING SALES AND PROFITABILITY. THE COMPANY HAS VERY HIGH FINANCIAL POWER AND KEEPS ON OPERATING
NORMALLY AND NO SIGNS OF FINANCIAL OR OPERATIONAL PROBLEMS ARE NOTED. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
127.551.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
2.203.000,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 24.668.000,00
INSURANCE
|
THE COMPANY MAINTAINS INSURANCE COVERAGE IN AMOUNT CONSIDERED
SUFFICIENT BY THE MANAGEMENT TO COVER CONTINGENCY RISKS OVER ITS ASSETS
AND/OR LIABILITIES. |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO ITAÚ S/A |
PAULISTA |
SÃO PAULO/SP |
|
BANCO SANTANDER S/A |
CENTRO |
SÃO PAULO/SP |
|
BANCO BRADESCO S/A |
REPÚBLICA |
SÃO PAULO/SP |
|
BANCO REAL (SANTANDER) S/A |
PAULISTA |
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
|
SUBJECT IS ENGAGED IN THE RETAIL CHAIN STORE. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
BELGIUM, KOREA, CHINA, COLOMBIA, PAKISTAN, USA, ARGENTINA AND URUGUAY. |
EXPORTS TO:
|
DOES NOT EXPORT. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
SUBJECT FIRM SELLS DIRECTLY TO END CONSUMERS |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 16014 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT WAS ESTABLISHED IN 1912. SO FAR IT HAS A CLEAR TRADE
HISTORY AND NO PAYMENT PROBLEMS ARE NOTED. THE COMPANY HAS TRADE RELATIONS WITH SEVERAL 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. MOST OF THE SUPPLIERS, WHICH PROVIDED INFORMATION, REPORTED PROMPT
PAYMENTS AND THE SUBJECT HAS A VERY GOOD PAYMENT RECORD. 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. THE PROTEST FOUND IS CONSIDERED IRRELEVANT. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
CITY: |
PHONE: |
|
BRASTEMP DA AMAZÔNIA S/A |
BARUERI/SP |
11 4689-8300 |
|
CORTIEX INDÚSTRIA TÊXTIL LTDA |
TRÊS LAGOAS/MS |
67 521-0649 |
|
COTEMINAS CIA DE TECIDO NORTE DE MINAS |
SÃO PAULO/SP |
11 2145-4508 |
|
DEGRADE CONFECÇÕES PORTO FELIZ LTDA |
PORTO FELIZ/SP |
15 3262-4483 |
|
ELECTROLUX DO BRASIL S/A |
SÃO PAULO/SP |
11 3967-5454 |
|
GUARARAPES CONFECÇÕES S/A |
NATAL/RN |
84 227-2266 |
|
KARSTEN S/A |
SÃO PAULO/SP |
11 3078-1151 |
|
LG ELECTRONICS DA AMAZONIA LTDA |
SÃO PAULO/SP |
11 2162-5596 |
|
MC MALHAS LTDA |
GASPAR/SC |
47 3397-0203 |
|
PANASONIC DA AMAZÔNIA S/A |
MANAUS/AM |
92 614-5000 |
|
SAMDOLAR MODAS LTDA |
SÃO PAULO/SP |
11 3326-4910 |
|
TÊXTIL J. SERRANO LTDA |
SÃO PAULO/SP |
11 4158-8100 |
|
WHIRLPOOL S/A |
SÃO PAULO/SP |
11 3787-6164 |
|
PAYMENT HISTORY: |
|
70 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 119.809.048,00 |
|
|
|
AMOUNT OF INVOICES PAID: 5075 |
|
TOTAL OF PROMPT PAYMENTS: 98% |
|
TOTAL OF DELAYED PAYMENTS: 2% |
|
|
|
HIGHEST INVOICE: R$ 3.380.000,00 |
|
HIGHEST CREDIT: R$ 3.380.000,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 90 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
11 |
294 |
R$ 4.922.691,62 |
|
DUE WITHIN 60 DAYS |
7 |
207 |
R$ 3.675.767,41 |
|
DUE WITHIN 90 DAYS |
3 |
188 |
R$ 2.431.866,95 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS SINCE 1985. IT
HAS AN EXCELLENT TRADE REPUTATION AND A GROWING SCALE OF ACTIVITIES. BASED ON THE OVERALL 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 SIZE AND FINANCIAL STRENGTH. AN INITIAL CREDIT LIMIT OF US$ 5.000.000,00 MAY BE CONSIDERED. EVEN
HIGHER AMOUNTS CAN BE GRANTED DEPENDING ON THE IMPORTANCE OF THE ACTIVITIES
BEING ESTABLISHED WITH THE SUBJECT. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.78 |
|
|
1 |
Rs.82.73 |
|
Euro |
1 |
Rs.68.88 |
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.