MIRA INFORM REPORT

 

 

Report Date :

26.02.2011

 

IDENTIFICATION DETAILS

 

Name :

LABORATORIO TEUTO BRASILEIRO SA

 

 

Registered Office :

Loc Vp 7d, Módulo, 11 Quadra 13 - Bairro Daia, Zip Code 75045-190 - Anápolis/Go

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

25.03.1957

 

 

Legal Form :

Privately Held Corporation

 

 

Line of Business :

Manufacturer of pharmaceuticals

 

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 :

USD 1.000.000,00

 

 

Status :

Satisfactory

 

 

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

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

 

LABORATORIO TEUTO BRASILEIRO S/A

 

 

Company ADDRESSES

 

MAIN ADDRESS:

LOC VP 7D, MÓDULO, 11 QUADRA 13 - BAIRRO DAIA

ZIP CODE/CITY:

75045-190 - ANÁPOLIS/GO

 

 

PHONE:

62 3310-2116

FAX:

62 3310-2116

E-MAIL:

contabilidade@teuto.com.br

WEB SITE:

www.teuto.com.br

 

BRANCHES:

 

 

 

ADDRESS:

RUA EMBAIXADOR MACEDO SOARES, 10735

ZIP CODE/CITY:

05095-020 SÃO PAULO/SP

CNPJ:

17.159.229/0008-42

 

 

ADDRESS:

RUA WILK FERREIRA DE SOUZA, 145

ZIP CODE/CITY:

70230-477 SÃO JOSÉ DO RIO PRETO/SP

CNPJ:

17.159.229/0007-61

 

 

ADDRESS:

RUA ANTONIO LUIZ SOARES, 217

ZIP CODE/CITY:

51210-050 RECIFE/PE

CNPJ:

17.159.229/0005-08

 

 

ADDRESS:

RODOVIA MG-5, Nº 1020 - IPE

ZIP CODE/CITY:

31950-000 BELO HORIZONTE/MG

CNPJ:

17.159.229/0006-80

 

 

ADDRESS:

RUA CONDE DE PORTO ALEGRE, 57 - ROCHA

ZIP CODE/CITY:

20960-110 RIO DE JANEIRO/RJ

CNPJ:

17.159.229/0003-38

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF PHARMACEUTICALS.

 

LEGAL FORM:

PRIVATELY HELD CORPORATION

 

 

INCORPORATION DATE:

25/03/1957

REGISTER DATE:

25/03/1957

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

17.159.229/0001-76

STATE REGISTER:

10.223003-0

 

 

SHARE CAPITAL:

R$ 68.808.167,59

LAST REGISTER OF CAPITAL:

04/11/2010

 

BOARD OF DIRECTORS:

 

 

 

MARCELO LEITE HENRIQUES

PRESIDENT DIRECTOR

RICARDO CLEMENTE

FINANCIAL DIRECTOR

OSVALDO SOARES PINTO

COMMERCIAL DIRECTOR

CARLOS ROBERTO DE ANDRADE

INDUSTRIAL DIRECTOR

 

 

AUTHORIZED USE OF SIGNATURE

 

THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

WALTERCI DE MELO

57,924187%

FLAVIA MODESTO TELES DE MELO

0,000016%

PRISCILLA NOGUEIRA ALVES DE MELO

0,000016%

ANNA ÇIZ TELES DE MELO

0,000016%

ÍTALO NOGUEIRA ALVES DE MELO

0,075747%

IGOR NOGUEIRA ALVES DE MELO

0,000018%

MARCELO LEITE HENRIQUES

2,000000%

PFIZER

40,000000%

 

AFFILIATES / SUBSIDIARIES:

 

 

 

WI COMUNICAÇÃO LTDA

 

TEUTUR TEUTO TURISMO LTDA

 

TRANSPORTADORA WORLD PRESS LTDA

 

MELO PARTICIPAÇÕES LTDA

 

EMANAR PESQUISAS IND. COM. IMPORTAÇÃO EXP. REPRESENTAÇÕES LT

 

ITPA INSTITO TEUTO DE PESQUISAS AVANÇADAS S S LTDA

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED IN 1947, BY MR. ADOLFO KRUMEIR.

 

AMAZED BY THE BRAZIL'S RESOURCES, INVESTED ALL ITS EFFORTS, WITHOUT LOSING ITS TIES WITH HIS HOMELAND. THE TIME GOES BY AND THE SUBJECT CHANGES ITS MANAGEMENT.

 

MR. WALTERCI DE MELO REALIZED THAT TEUTO OWNED A STRONG BRAND AND HE DECIDED ON TAKING ADVANTAGE OF IT BY INVESTING IN NEW EQUIPMENTS, RENEWING ITS PRODUCT LINE, IMPROVING THE PACKAGE GIVING MORE AGGRESSIVENESS TO ITS MANAGEMENT.

 

IN 1992 IT WAS PUT THE LIMESTONE IN ANÁPOLIS AND IN 1993 ITS HEADQUARTERS WAS OPENED WITH 12.000 SQ MTS OF BUILT-U AREA.

 

THE SUBJECT IS A LEADING COMPANY AND KEEPS OPERATING UP TO DATE WITH A LEADING POSITION AND HIGH EFFICIENCY LEVEL.

 

PREVIOUS CORPORATE NAME: LABORATÓRIO TEUTO BRASILEIRO LTDA. ON JUNE 16, 2002 ITS CORPORATE NAME WAS MODIFIED TO THE CURRENT ONE.

 

FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN.

 

PUBLIC INFORMATION:

 

LAWSUITS:

 

 

 

DATE:

COURT OF LAW:

 

2

STATE LAWSUITS

19/02/09

1ª VARA DE SP-SÃO JOSÉ DO RIO PRETO

 

 

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

4.640.832,00

5.176.454,00

4.771.740,00

CLIENTS

88.005.055,00

76.943.835,00

56.698.955,00

INVENTORY

86.083.711,00

45.658.480,00

52.974.091,00

RECOVERABLE TAXES

7.727.800,00

7.301.124,00

8.650.746,00

DEFERRED TAXES

4.881.576,00

1.862.326,00

3.371.943,00

PRE PAID EXPENSES

270.818,00

102.636,00

428.231,00

INTERCOMPANY CREDITS

 

 

164.232,00

OTHER CREDITS

8.057.999,00

6.216.127,00

7.524.746,00

 

----------------

----------------

----------------

TOTAL CURRENT ASSETS

199.667.791,00

143.260.982,00

134.584.684,00

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

ACCOUNTS RECEIVABLES

958.907,00

958.907,00

472.622,00

JUDICIAL DEPOSITS

3.061.518,00

3.286.635,00

2.079.494,00

RECOVERABLE TAXES

8.979.545,00

6.510.804,00

5.057.341,00

DEFERRED TAXES

15.012.177,00

17.712.317,00

16.860.113,00

INVESTMENTS

825.476,00

1.085.840,00

1.031.581,00

OTHER CREDITS

36.865,00

154.775,00

 

PRE PAID EXPENSES

 

1.354,00

 

 

----------------

----------------

----------------

TOTAL LONG-TERM RECEIVABLES

28.874.488,00

29.710.632,00

25.501.151,00

 

FIXED ASSETS:

 

 

 

 

 

 

 

FIXED ASSETS

165.779.664,00

170.423.743,00

177.129.582,00

INTANGIBLE

715.669,00

1.133.866,00

1.552.064,00

 

----------------

----------------

----------------

TOTAL FIXED ASSETS

166.495.333,00

171.557.609,00

178.681.646,00

 

================

================

================

TOTAL ASSETS

395.037.612,00

344.529.223,00

338.767.481,00

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2010

31/12/2009

31/12/2008

 

 

 

 

SUPPLIERS

29.433.389,00

20.043.982,00

37.939.320,00

LOANS AND FINANCING

69.416.207,00

41.604.461,00

38.332.665,00

SOCIAL / LABOR OBLIGATIONS

13.829.359,00

9.556.563,00

8.851.031,00

TRIBUTARY OBLIGATIONS

4.860.797,00

10.770.891,00

15.943.059,00

ADVANCE FROM CLIENTS

408.080,00

341.752,00

255.347,00

DEBT WITH RELATED PARTIES

 

 

2.589.209,00

OTHER DEBTS

8.933.894,00

2.522.727,00

6.100.060,00

PROVISIONS

676.013,00

 

 

 

----------------

----------------

----------------

TOTAL CURRENT LIABILITIES

127.557.739,00

84.840.376,00

110.010.691,00

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

LOANS AND FINANCING

46.278.182,00

18.419.523,00

5.456.290,00

TAXES AND CONTRIBUTIONS

9.787.141,00

15.717.493,00

28.423.701,00

OTHER

521.774,00

13.686,00

938.426,00

DEFERRED TAXES

22.580.765,00

23.769.796,00

24.389.411,00

ACCOUNTS PAYABLE

 

1.818.416,00

2.915.818,00

PROVISION FOR CONTINGENCIES

1.355.316,00

539.137,00

1.533.765,00

LABOR OBLIGATIONS

1.138.151,00

1.540.571,00

455.027,00

RELATED COMPANIES

 

16.042.674,00

9.448.829,00

 

----------------

----------------

----------------

TOTAL LONG TERM LIABILITIES

81.661.329,00

77.861.296,00

73.561.267,00

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

68.808.168,00

54.655.555,00

54.655.555,00

REVALUATION RESERVES

43.833.249,00

57.221.044,00

59.363.546,00

LEGAL RESERVES

781.850,00

2.166.452,00

981.162,00

RESERVES/TAX INCENTIVES

67.691.842,00

31.618.509,00

16.015.430,00

SUBVENTION RESERVES

2.675.395,00

24.179.830,00

24.179.830,00

CAPITAL RESERVES

 

11.986.161,00

 

PROFIT RESERVES

2.028.040,00

 

 

 

----------------

----------------

----------------

TOTAL NET EQUITY

185.818.544,00

181.827.551,00

155.195.523,00

 

================

================

================

TOTAL LIABILITIES

395.037.612,00

344.529.223,00

338.767.481,00

 

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

324.891.566,00

300.872.362,00

256.070.814,00

(-) TAXES ON SALES

50.489.909,00

48.151.058,00

34.281.315,00

 

----------------

----------------

----------------

NET SALES

274.401.657,00

252.721.304,00

221.789.499,00

(-) COST OF SOLD GOODS

170.994.061,00

172.116.773,00

145.588.259,00

 

----------------

----------------

----------------

GROSS PROFIT

103.407.596,00

80.604.531,00

76.201.240,00

OPERATING REVENUE (EXPENSE)

-70.027.427,00

-29.630.519,00

-59.814.759,00

FINANCIAL REVENUE(EXPENSE)

-21.798.536,00

-9.860.487,00

15.899.203,00

 

----------------

----------------

----------------

OPERATIONAL PROFIT (LOSS)

11.581.633,00

41.113.525,00

32.285.684,00

NON-OPERATING RESULT

 

 

-19.097.276,00

CONTRIBUTION/INCOME TAX

4.055.364,00

-496.746,00

6.434.838,00

 

----------------

----------------

----------------

NET PROFIT (LOSS)

15.636.997,00

40.616.779,00

19.623.246,00

 

RATIOS:

31/12/2010

31/12/2009

31/12/2008

 

QUICK RATIO

,89

 

1,15

 

,74

 

CURRENT RATIO

1,57

 

1,69

 

1,22

 

ACCOUNTS RECEIVABLE TURNOVER

3,12

TIMES

3,28

TIMES

3,91

TIMES

DAYS' SALES IN RECEIVABLES

115,46

DAYS

109,61

DAYS

92,03

DAYS

INVENTORY TURNOVER

1,99

TIMES

3,77

TIMES

2,75

TIMES

ACCOUNTS PAYABLE PERIOD

61,97

DAYS

41,92

DAYS

93,81

DAYS

RETURN ON ASSETS

,69

TIMES

,73

TIMES

,65

TIMES

SALES TURNOVER ON NET EQUITY

1,48

TIMES

1,39

TIMES

1,43

TIMES

NET WORTH TIE-UP

,89

 

,94

 

1,14

 

INDEBTEDNESS

1,13

 

,89

 

1,18

 

EQUITY RATIO

47,04

%

52,78

%

45,81

%

WORKING CAPITAL RATIO

56,53

%

68,86

%

22,34

%

GENERAL SOLVENCY

1,89

 

2,12

 

1,85

 

RETURN ON NET EQUITY

8,42

%

22,34

%

12,64

%

RETURN ON SALES (PROFIT MARGIN)

5,70

%

16,07

%

8,85

%

GROSS PROFIT MARGIN

37,68

%

31,89

%

34,36

%

OPERATIONAL RESULT

4,22

%

16,27

%

14,56

%

SALES TURNOVER ON LIABILITIES

2,15

TIMES

2,98

TIMES

2,02

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 1,66

 - OFFICIAL RATE ON 22/02/2011

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 BUT IT IS NOTED SATISFACTORY CURRENT RATIO AND POSITIVE WORKING CAPITAL AMOUNT. IN ADDITION IT SHOWS GROWING SALES AND PROFITABILITY.

 

REAL ESTATE:

OWNED PREMISES ARE VALUED AT R$ 103.249.197,00

 

VEHICLES:

OWNED VEHICLES ARE VALUED AT R$ 1.201.600,00

 

MACHINES:

OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 25.492.900,90

 

 

INSURANCE

 

NOT AVAILABLE.

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

 

BANCO DO BRASIL S/A

62 216-5474

 

HSBC BANK BRASIL S/A BANCO MULTIPLO

62 311-1177

 

BANCO SAFRA S/A

62 235-4405

 

BANCO ITAÚ S/A

62 215-5466

 

BANCO ABN AMRO REAL S/A

62 311-2244

 

BANCO SANTANDER S/A

62 224-3300

 

BANCO BICBANCO S/A

62 224-3157

 

 

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 MANUFACTURE OF PHARMACEUTICALS

 

THE SUBJECT HAS A HIGH CONTROL OF QUALITY. BEFORE ENTERING THE PRODUCTION THE RAW MATERIALS IMPORTED FROM EUROPE ARE CHECKED AND STAY UNDER OBSERVATION FOR 40 DAYS UNTIL THEY ARE ANALYZED BY THE TECHNICIANS, AFTER THAT THEY ARE SENT TO THE PRODUCTION.

 

EACH MEDICINE HAS DIFFERENT PROCEEDING. THE PILLS FOR INSTANCE HAVE EVALUATION EACH 30 MINUTES.

 

THE SUBJECT BROUGHT FROM EUROPE EQUIPMENTS SUITABLE TO CONTROL THE TEMPERATURE AND THE HUMIDITY OF ITS AREAS.

 

TEUTO IS DIVIDED INTO SEVEN SECTORS: SOLIDS, SEMI-SOLIDS, LIQUID ORALS, INJECTION, ANTIBIOTICS, QUALITY CONTROL AND PHARMACY AND TECHNICAL DEVELOPMENT.

 

IMPORT AND EXPORT:

 

 IMPORTS FROM:

UNITED STATES, INDIA, SWITZERLAND, GERMANY AND ITALY.

 

 EXPORTS TO:

ANGOLA, ECUADOR, DOMINICAN REPUBLIC, MOZAMBIQUE AND IVORY COAST.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

PHONE:

COMERCIAL BRUNELLI LTDA

 

27  521-2215

DIMEBEL DIST. MED. BEVILACOUA LTDA

 

45 224-2333

DISTRIBUIDORA FARM. PANARELLO LTDA.

 

62  257-7000

GAUCHAFARMA MEDICAMENTOS LTDA.

 

51 3338-1566

IMP. E EXP. IRMÃOS TAKEDA LTDA

 

92  622-3535

INTERMED FARMACÊUTICA LTDA

 

32 3215-6973

MARTINS COM. IMP. EXP. LTDA

 

34  218-1073

NORTE SUL MEDICAMENTOS LTDA

 

62  317-1888

PRESTOFARMA COML. IMP. E EXP. LTDA

 

11 6110-9211

SAMALINS COM,. REPRE. LTDA

 

14  522-5688

SB COMERCIO LTDA

 

92 643-3535

TAKEDA LTDA

 

92  622-3535

WW DIST. MEDIC LTDA

 

61 399-8686

 

STAFF:

 

THE COMPANY HAS: 1950 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY OPERATING SINCE 1957. IT HAS A HIGH SCALE OF ACTIVITIES, CLEAR TRADE HISTORY AND AN EXCELLENT REPUTATION.

 

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.

 

ALL OF THE SUPPLIERS, WHICH PROVIDED INFORMATION REPORTED PROMPT PAYMENTS, IT MAY BE NOTED SUBJECT HAS VERY GOOD TRADE BEHAVIOUR.

 

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:

ALLPLAS LTDA

 

11 4613-1000

CARTOGRAFIA FENIX LTDA

 

31 3361-6199

CARTONAGEM ANAPOLINA LTDA.

 

62 3316-1033

COLORCON DO BRASIL LTDA.

 

11 4612-4262

COMPANHIA IND. DE VIDROS

 

11 3168-6766

INTERNACIONAL SPECIALITY PRODUCTS

 

11 3649-0452

ISP- INTERNACIONAL SPECIALITY PRODUCTS.

 

11 3649-0452

 

PAYMENT HISTORY:

 

32 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 1.074.696,00

 

AMOUNT OF INVOICES PAID: 365

TOTAL OF PROMPT PAYMENTS: 100%

HIGHEST INVOICE: R$ 287.612,00

HIGHEST CREDIT: R$ 287.612,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS:

 

---------------------------

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

2

26

R$ 234.053,00

 

 

FINAL OPINION

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS. UP TO DATE IT HAS CLEAR TRADE HISTORY AND GOOD PAYMENT RECORD.

 

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.

 

AN INITIAL CREDIT LIMIT OF USD 1.000.000,00 MAY BE CONSIDERED.

 

 


FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.37

UK Pound

1

Rs.73.25

Euro

1

Rs.62.68

 

 

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

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.