MIRA INFORM REPORT
|
Report Date : |
23.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
DOMINGOS ARAÚJO NETO |
|
|
|
|
Registered Office : |
Avenida Francisco Sá, 3405 - Monte Castelo , 60310-000 - Fortaleza/Ce |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
30.09.2011 |
|
|
|
|
Date of Incorporation : |
02.10.1974 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Manufacture of Chemicals |
|
|
|
|
No. of Employees
: |
38 persons |
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$ 500.000,00 |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
No Complaints |
|
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 30th, 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
DOMINGOS
ARAÚJO NETO
company ADDRESSES
|
MAIN ADDRESS: |
AVENIDA FRANCISCO SÁ, 3405 - MONTE CASTELO |
|
ZIP CODE/CITY: |
60310-000 - FORTALEZA/CE |
|
|
|
|
PHONE: |
85 3236-3396 |
|
FAX: |
85 3236-3396 |
|
E-MAIL: |
|
|
WEB SITE: |
|
BRANCHES: |
|
THE COMPANY HAS A BRANCH LOCATED IN FORTALEZA/CE. |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF CHEMICALS. |
|
LEGAL FORM: |
SOLE
PROPRIETORSHIP |
|
|
|
|
INCORPORATION DATE: |
02/10/1974 |
|
REGISTER DATE: |
02/10/1974 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
07.947.526/0001-22 |
|
STATE REGISTER: |
06.152.942-7 |
|
|
|
|
SHARE CAPITAL: |
R$ 500.000,00 |
|
LAST REGISTER OF CAPITAL: |
04/02/2005 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
DOMINGOS ARAÚJO NETO |
MANAGER |
AUTHORIZED USE OF SIGNATURE
|
THE MANAGER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
DOMINGOS ARAÚJO NETO |
100% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
UNIĂO QUÍMICA DO BRASIL LTDA EPP |
50,00% |
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON OCTOBER 02, 1974 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS. TRADE NAME: "DANETO". OWNERSHIP: DOMINGOS ARAÚJO NETO: BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS RG
2001002070781 SSP/CE AND CPF 041.036.103-87, RESIDENTIAL ADDRESS AT RUA MAJOR
TIBURCIO CAVALCANTE, 398, APTO. 2200, ALDEOTA, ZIP CODE 60125-100,
FORTALEZA/CE. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 30/09/2011, 31/12/2010 AND 31/12/2009. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
30/09/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
CASH |
6.642,28 |
3.286,21 |
3.752,84 |
|
BANKS |
31.065,70 |
64.494,78 |
250.178,41 |
|
INVESTMENTS |
1.053.848,31 |
1.524.711,72 |
566.688,99 |
|
CLIENTS |
837.215,70 |
678.621,94 |
851.635,39 |
|
INVENTORY |
3.329.609,04 |
3.329.609,04 |
3.374.434,60 |
|
RECOVERABLE TAXES |
|
163.838,21 |
163.838,21 |
|
OTHER |
1.021.835,33 |
1.392.586,61 |
450.826,14 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
6.280.216,36 |
7.157.148,51 |
5.661.354,58 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
2.347.608,36 |
249.126,27 |
1.593.424,10 |
|
FIXED ASSETS |
2.066.482,84 |
2.055.583,80 |
592.917,55 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
4.414.091,20 |
2.304.710,07 |
2.186.341,65 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
10.694.307,56 |
9.461.858,58 |
7.847.696,23 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
30/09/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
SUPPLIERS |
953.925,00 |
1.332.141,37 |
728.133,73 |
|
FINANCING |
55.000,00 |
|
55.000,00 |
|
TAXES & CONTRIBUTIONS |
167.843,40 |
261.493,82 |
91.948,80 |
|
LABOR OBLIGATIONS |
44.296,73 |
21.160,78 |
16.936,28 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
1.221.065,13 |
1.614.795,97 |
892.018,81 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
169.113,52 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
169.113,52 |
|
|
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
500.000,00 |
500.000,00 |
500.000,00 |
|
PROFIT (LOSS) OF PERIOD |
957.066,30 |
1.371.385,19 |
410.868,91 |
|
ACCRUED PROFIT (LOSS) |
|
|
6.044.808,51 |
|
PROFIT RESERVES |
7.847.062,61 |
5.975.677,42 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
9.304.128,91 |
7.847.062,61 |
6.955.677,42 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
10.694.307,56 |
9.461.858,58 |
7.847.696,23 |
|
PROFIT AND LOSS ACCOUNTS AS OF 30/09/2011, 31/12/2010 AND 31/12/2009. |
|
( FIGURES ARE IN REAIS ). |
|
|
30/09/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
GROSS SALES |
13.352.099,48 |
17.537.979,35 |
18.521.088,78 |
|
(-) TAXES ON SALES |
3.016.279,38 |
3.062.371,82 |
3.353.710,18 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
10.335.820,10 |
14.475.607,53 |
15.167.378,60 |
|
(-) COST OF SOLD GOODS |
7.415.321,28 |
11.527.409,48 |
12.941.902,36 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
2.920.498,82 |
2.948.198,05 |
2.225.476,24 |
|
OPERATING REVENUE (EXPENSE) |
-1.546.081,59 |
-1.743.705,46 |
-2.426.218,46 |
|
FINANCIAL REVENUE(EXPENSE) |
-83.452,98 |
-94.929,19 |
-59.129,02 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
1.290.964,25 |
1.109.563,40 |
-259.871,24 |
|
NON-OPERATING RESULT |
53.545,91 |
776.578,93 |
1.219.226,49 |
|
CONTRIBUTION/INCOME TAX |
-387.443,86 |
-514.757,14 |
-548.486,34 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
957.066,30 |
1.371.385,19 |
410.868,91 |
|
RATIOS: |
30/09/2011 |
31/12/2010 |
31/12/2009 |
|
QUICK RATIO |
2,42 |
|
2,37 |
|
2,56 |
|
|
CURRENT RATIO |
5,14 |
|
4,43 |
|
6,35 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
12,35 |
TIMES |
21,33 |
TIMES |
17,81 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
21,87 |
DAYS |
16,88 |
DAYS |
20,21 |
DAYS |
|
INVENTORY TURNOVER |
2,23 |
TIMES |
3,46 |
TIMES |
3,84 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
34,73 |
DAYS |
41,60 |
DAYS |
20,25 |
DAYS |
|
RETURN ON ASSETS |
,97 |
TIMES |
1,53 |
TIMES |
1,93 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
1,11 |
TIMES |
1,84 |
TIMES |
2,18 |
TIMES |
|
NET WORTH TIE-UP |
,22 |
|
,26 |
|
,09 |
|
|
INDEBTEDNESS |
,15 |
|
,21 |
|
,13 |
|
|
EQUITY RATIO |
87,00 |
% |
82,93 |
% |
88,63 |
% |
|
WORKING CAPITAL RATIO |
414,32 |
% |
343,22 |
% |
534,67 |
% |
|
GENERAL SOLVENCY |
7,69 |
|
5,86 |
|
8,80 |
|
|
RETURN ON NET EQUITY |
10,29 |
% |
17,48 |
% |
5,91 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
9,26 |
% |
9,47 |
% |
2,71 |
% |
|
GROSS PROFIT MARGIN |
28,26 |
% |
20,37 |
% |
14,67 |
% |
|
OPERATIONAL RESULT |
12,49 |
% |
7,67 |
% |
-1,71 |
% |
|
SALES TURNOVER ON LIABILITIES |
8,46 |
TIMES |
8,96 |
TIMES |
17,00 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,85 |
- OFFICIAL RATE ON 20/12/2011 |
|
US$ 1,00 = R$ 1,85 |
- OFFICIAL RATE ON 30/09/2011 |
|
US$ 1,00 = R$ 1,66 |
- OFFICIAL RATE ON 31/12/2010 |
|
US$ 1,00 = R$ 1,74 |
- OFFICIAL RATE ON 31/12/2009 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE ANNUAL FIGURES FOR 2010 SHOW A GOOD FINANCIAL STANDING. IT HAD
HIGH LIQUIDITY RATIOS AND POSITIVE WORKING CAPITAL, AS WELL AS LOW LEVEL OF
INDEBTEDNESS. SALES DROPPED SLIGHTLY BUT POSTED PROFIT. THE INTERIM FIGURES FOR SEPTEMBER 2011 STILL SHOW A GOOD FINANCIAL
SITUATION AS THE LIQUIDITY REMAINS HIGH AND THE LEVEL OF INDEBTDNESS LOW. IN
ADDITION, IT SHOWS A SLIGHT GROWING SALES TREND AND POSITIVE RESULT. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 700.000,00
THE PARTNERS OWN REAL ESTATE VALUED AT R$
1.065.000,00
|
DETAIL OF
RENTED/LEASED REAL ESTATE: |
|
|
|
|
QUANTITY: |
1 |
|
TYPE: |
OTHERS |
|
VALUE: |
R$ 2.000,00 |
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 379.898,70
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 1.550.000,00
INSURANCE
|
INSURANCE COMPANY: |
BRADESCO SEGURADORA / SUL AMERICA SEGUROS |
|
COVERAGE: |
LIFE, VEHICLES, RESIDENTIAL AND CORPORATE |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO DO BRASIL S/A |
1702-7 / 85 3455-3740 |
FORTALEZA/CE |
|
BANCO BRADESCO S/A |
0452-9 / 85 3464-3800 |
FORTALEZA/CE |
|
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 ENGAGE IN THE MANUFACTURE OF CHEMICALS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
INDIA, CHINA, TURKEY, BELGIUM, FRANCE, GERMANY AND ITALY. |
EXPORTS TO:
|
DOES NOT EXPORT. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
CITY: |
PHONE: |
|
BERMAS |
|
85 3334-9000 |
|
CERA PERES |
|
85 3285-1900 |
|
CERVEJARIAS KAISER DO BRASIL S/A |
PACATUBA/CE |
85 3384-8100 |
|
COTECE S/A |
MARACANAÚ/CE |
85 3299-5822 |
|
NEIVADA LAVADERIA |
|
85 3245-2080 |
|
NORSA REFRIGERANTES |
MARACANAÚ/CE |
85 3299-2066 |
|
PONTES INDÚSTRIA DE CERA |
|
85 3228-1166 |
|
TEBASA S/A |
|
85 3463-1909 |
|
VICUNHA NORDESTE S/A |
MARACANAÚ/CE |
85 3499-1444 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 38 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1974. 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. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
CITY: |
PHONE: |
|
BANDEIRANTE QUÍMICA LTDA |
MAUÁ/SP |
11 4547-9999 |
|
BASF S/A |
|
12 3128-1579 |
|
BRENNTAG QUÍMICA BRASIL |
SĂO PAULO/SP |
11 5545-2100 |
|
CIA AGRO INDUSTRIAL IGARASSU |
IGARASSU/PE |
81 3543-7100 |
|
CLARIANT S/A |
SUZANO/SP |
11 5683-7233 |
|
DEGUSSA BRASIL LTDA |
|
27 3270-8800 |
|
MANUCHAR COM. EXTERIOR |
|
81 3251-2711 |
|
METALLOYS & CHEMICALS COMERCIAL LTDA |
SĂO BERNARDO DO CAMPO/SP |
11 4353-5000 |
|
PERNAMBUCO QUÍMICA S/A |
JABOATĂO DOS GUARARAPES/PE |
81 2123-1400 |
|
WALLUX COMERCIAL QUÍMICA LTDA |
ITAQUAQUECETUBA/SP |
11 4643-2446 |
|
WENDA CO LTDA |
|
11 5531-3197 |
|
PAYMENT HISTORY: |
|
09 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 128.060,00 |
|
|
|
AMOUNT OF INVOICES PAID: 36 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 11.250,00 |
|
HIGHEST CREDIT: R$ 12.505,00 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. UP TO DATE IT HAS GOOD FINANCIAL STANDING, A CLEAR TRADE HISTORY AND
GOOD PAYMENT BEHAVIOR. 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. A CREDIT LIMIT OF US$ 500.000,00 MAY BE CONSIDERED. |
|
|
|
|
|
|
|
|
|
BALANCE SHEET ANALYSIS |
FIGURES ARE IN REAIS |
|
|
|
|
|
|
|
30-09-11 |
|
31-12-10 |
|
31-12-09 |
|
|
ASSETS |
|
% |
|
% |
|
% |
|
Current Assets |
58.72 |
$ 7,157,149 |
75.64 |
$
5,661,355 |
72.14 |
|
|
Fixed Assets |
$ 4,414,091 |
41.28 |
$ 2,304,710 |
24.36 |
$
2,186,342 |
27.86 |
|
TOTAL ASSETS |
$
10,694,308 |
100.00 |
$ 9,461,859 |
100.00 |
$
7,847,696 |
100.00 |
|
LIABILITIES |
|
|
|
|
|
|
|
Current Liabilities |
$ 1,221,065 |
11.42 |
$ 1,614,796 |
17.07 |
$
892,019 |
11.37 |
|
Long-Term Liabilities |
$ 169,114 |
1.58 |
$ - |
0.00 |
$ - |
0.00 |
|
TOTAL LIABILITIES |
$ 1,390,179 |
13.00 |
$ 1,614,796 |
17.07 |
$
892,019 |
11.37 |
|
Deferred Income |
$
- |
0.00 |
$ - |
0.00 |
$ - |
0.00 |
|
Net Equity |
$ 9,304,129 |
87.00 |
$ 7,847,063 |
82.93 |
$
6,955,677 |
88.63 |
|
TOTAL LIABILITIES + NET EQUITY |
$
10,694,308 |
100.00 |
$ 9,461,859 |
100.00 |
$
7,847,696 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
|
|
|
Net Sales |
$
10,335,820 |
100.00 |
$
14,475,608 |
100.00 |
$
15,167,379 |
100.00 |
|
Costs |
$ 7,415,321 |
71.74 |
$
11,527,409 |
79.63 |
$
12,941,902 |
85.33 |
|
Gross Profit |
$ 2,920,499 |
28.26 |
$ 2,948,198 |
20.37 |
$
2,225,476 |
14.67 |
|
Operating expenses |
$
(1,546,082) |
-14.96 |
$
(1,743,705) |
-12.05 |
$
(2,426,218) |
-16.00 |
|
operational Result |
$ 1,290,964 |
12.49 |
$ 1,109,563 |
7.67 |
$
(259,871) |
-1.71 |
|
Net Profit (loss) |
$ 957,066 |
9.26 |
$ 1,371,385 |
9.47 |
$
410,869 |
2.71 |
|
COMPLEMENTARY DATA |
|
|
|
|
|
|
|
Inventory |
$ 3,329,609 |
|
$ 3,329,609 |
|
$
3,374,435 |
|
|
Accounts receivable |
$ 837,216 |
|
$ 678,622 |
|
$
851,635 |
|
|
Accounts Payable |
$ 953,925 |
|
$ 1,332,141 |
|
$
728,134 |
|
|
Property, plant and equipment |
$ 2,066,483 |
|
$ 2,055,584 |
|
$
592,918 |
|
|
Purchases |
$ 4,414,091 |
|
$ 2,304,710 |
|
$
2,186,342 |
|
|
Financial Expenses |
$ (83,453) |
|
$ (94,929) |
|
$ (59,129) |
|
|
Foreign Currency Assets |
|
|
|
|
|
|
|
Foreign Currency Liabilities |
|
|
|
|
|
|
|
Working Capital |
$ 5,059,151 |
|
$ 5,542,353 |
|
$
4,769,336 |
|
|
RATIOS: |
|
|
|
|
|
|
|
QUICK RATIO |
2.42 |
|
2.37 |
|
2.56 |
|
|
CURRENT RATIO |
5.14 |
|
4.43 |
|
6.35 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
12.35 |
times |
21.33 |
times |
17.81 |
times |
|
DAYS' SALES IN RECEIVABLES |
21.87 |
days |
16.88 |
days |
20.21 |
days |
|
INVENTORY TURNOVER |
2.23 |
times |
3.46 |
times |
3.84 |
times |
|
34.73 |
days |
41.60 |
days |
20.25 |
days |
|
|
RETURN ON ASSETS |
0.97 |
times |
1.53 |
times |
1.93 |
times |
|
SALES TURNOVER ON NET EQUIY |
1.11 |
times |
1.84 |
times |
2.18 |
times |
|
NET WORTH TIE-UP |
0.22 |
|
0.26 |
|
0.09 |
|
|
ENDEBTEDNESS |
0.15 |
|
0.21 |
|
0.13 |
|
|
EQUITY RATIO |
87.00 |
% |
82.93 |
% |
88.63 |
% |
|
WORKING CAPITAL RATIO |
414.32 |
% |
343.22 |
% |
534.67 |
% |
|
GENERAL SOLVENCY |
7.69 |
|
5.86 |
|
8.80 |
|
|
RETURN ON NET EQUITY |
10.29 |
% |
17.48 |
% |
5.91 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
9.26 |
% |
9.47 |
% |
2.71 |
% |
|
GROSS PROFIT MARGIN |
28.26 |
% |
20.37 |
% |
14.67 |
% |
|
OPERATIONAL RESULT |
12.49 |
% |
7.67 |
% |
(1.71) |
% |
|
SALES TURNOVER ON LIABILITIES |
8.46 |
times |
8.96 |
times |
17.00 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
- |
% |
- |
% |
|
FOREIGN CURRENCY ON LIABILITIES |
-
|
% |
- |
% |
- |
% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.78 |
|
UK Pound |
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.