MIRA INFORM
REPORT
|
Report Date : |
12.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
FARMAGRICOLA SA. IMPORTAÇÃO E EXPORTAÇÃO |
|
|
|
|
Registered Office : |
Rodovia Fernão Dias, S/N°. Km,56 - Terra Preta 07600-000 -
Mairiporã/Sp |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
15.09.1964 |
|
|
|
|
Legal Form : |
Privately Held Corporation |
|
|
|
|
Line of Business : |
Manufacturer of Medicines for Veterinary Usage. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 350.000,00 |
|
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
FARMAGRICOLA S/A.
IMPORTAÇÃO E EXPORTAÇÃO
company ADDRESSES
|
MAIN ADDRESS: |
RODOVIA FERNÃO DIAS, S/N°. KM,56 - TERRA PRETA |
|
ZIP CODE/CITY: |
07600-000 - MAIRIPORÃ/SP |
|
|
|
|
PHONE: |
11 4486-1512 |
|
FAX: |
11 4486-1512 |
|
E-MAIL: |
|
|
WEB SITE: |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA ALCÂNTARA,195 197 |
|
ZIP CODE/CITY: |
02110-000 SÃO PAULO/SP |
|
PHONE: |
11 2955-8288 |
|
FAX: |
11 2955-8288 |
|
CNPJ: |
605287420 |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF MEDICINES FOR VETERINARY USAGE. |
|
LEGAL FORM: |
PRIVATELY
HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
15/09/1964 |
|
REGISTER DATE: |
15/09/1964 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
60.528.742/0001-16 |
|
STATE REGISTER: |
433.010.170.113 |
|
|
|
|
SHARE CAPITAL: |
R$ 6.329.054,19 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
FABIO TADEU BISOGNIN |
PRESIDENT DIRECTOR |
|
ADRIANA MARIA LUIZA BISOGNIN VALLIM |
ADMINISTRATIVE DIRECTOR |
|
MIRELLA MARIA BISOGNIN |
INDUSTRIAL DIRECTOR |
AUTHORIZED USE OF SIGNATURE:
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
FABIO TADEU BISOGNIN |
43,42% |
|
MONTE BERICO PARTICIPAÇÕES LTDA |
56,58% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
|
|
|
MONTE BERICO PARTICIPAÇÕES LTDA E.P.P |
|
|
FARMA GROCOLA S/A IMPORTAÇÃO E EXPORTAÇÃO |
|
|
VALLIM ARQUITETOS ASSOCIOADOS LTDA |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON SEPTEMBER 15, 1964 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: FAGRA 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 31/12/2009, 31/12/2008 AND 31/12/2007. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2009 |
31/12/2008 |
31/12/2007 |
|
|
|
|
|
|
CASH AND BANKS |
114.609,43 |
24.986,15 |
61.285,76 |
|
CLIENTS |
3.617.468,73 |
3.694.445,29 |
4.340.465,45 |
|
DISCOUNTED NOTES |
-265.629,92 |
-2.072.623,85 |
-2.798.083,34 |
|
INVENTORY |
2.379.958,20 |
3.647.011,01 |
3.771.045,60 |
|
CREDIT AND VALUES |
1.707.460,35 |
154.010,51 |
85.831,48 |
|
ADVANCES |
180.574,61 |
223.001,23 |
296.107,24 |
|
INVESTMENTS |
1.567,41 |
12.931,21 |
26.357,04 |
|
PRE PAID EXPENSES |
27.700,60 |
63.195,46 |
80.593,63 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
7.763.709,41 |
5.746.957,01 |
5.863.602,86 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
ADVANCES |
10.987,50 |
63.925,62 |
30.864,06 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
10.987,50 |
63.925,62 |
30.864,06 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
171.903,22 |
171.903,22 |
171.903,22 |
|
FIXED ASSETS |
3.989.993,13 |
3.169.849,14 |
2.122.703,37 |
|
INTANGIBLE |
54.058,08 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
4.215.954,43 |
3.341.752,36 |
2.294.606,59 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
11.990.651,34 |
9.152.634,99 |
8.189.073,51 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2009 |
31/12/2008 |
31/12/2007 |
|
|
|
|
|
|
SUPPLIERS |
884.573,53 |
936.808,58 |
1.124.661,93 |
|
LABOR OBLIGATIONS |
360.285,15 |
283.999,96 |
376.178,41 |
|
TAXES & CONTRIBUTIONS |
344.473,44 |
374.423,42 |
389.852,26 |
|
ACCOUNTS PAYABLE |
60.677,92 |
66.873,27 |
35.782,49 |
|
LOANS AND FINANCING |
792.249,55 |
1.930.911,08 |
1.014.938,74 |
|
PROVISIONS |
294.407,55 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
2.736.667,14 |
3.593.016,31 |
2.941.413,83 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
TAXES AND CONTRIBUTIONS |
420.612,23 |
533.401,31 |
669.732,42 |
|
LOANS AND FINANCING |
3.481.632,90 |
884.351,38 |
109.540,62 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
3.902.245,13 |
1.417.752,69 |
779.273,04 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
5.127.985,70 |
5.127.985,70 |
5.127.985,70 |
|
ACCRUED PROFIT (LOSS) |
-986.119,71 |
-986.119,71 |
-659.599,06 |
|
PROFIT (LOSS) OF PERIOD |
1.209.873,08 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
5.351.739,07 |
4.141.865,99 |
4.468.386,64 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
11.990.651,34 |
9.152.634,99 |
8.189.073,51 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2009, 31/12/2008 AND 31/12/2007. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2009 |
31/12/2008 |
31/12/2007 |
|
|
|
|
|
|
GROSS SALES |
18.033.750,60 |
17.784.527,39 |
18.105.304,70 |
|
(-) TAXES ON SALES |
2.090.054,54 |
2.577.273,60 |
2.649.396,22 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
15.943.696,06 |
15.207.253,79 |
15.455.908,48 |
|
(-) COST OF SOLD GOODS |
9.983.779,01 |
8.473.770,47 |
8.728.138,73 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
5.959.917,05 |
6.733.483,32 |
6.727.769,75 |
|
OPERATING REVENUE (EXPENSE) |
-4.629.117,12 |
-5.728.432,22 |
-5.980.608,30 |
|
FINANCIAL REVENUE(EXPENSE) |
-1.498.930,35 |
-1.051.563,08 |
-777.046,96 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
-168.130,42 |
-46.511,98 |
-29.885,51 |
|
NON-OPERATING RESULT |
2.083.403,24 |
-280.008,67 |
35.179,39 |
|
CONTRIBUTION/INCOME TAX |
-352.699,87 |
|
-20.935,75 |
|
PROFIT SHARING |
-352.699,87 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
1.209.873,08 |
-326.520,65 |
-15.641,87 |
|
RATIOS: |
31/12/2009 |
31/12/2008 |
31/12/2007 |
|
QUICK RATIO |
1,97 |
|
,58 |
|
,71 |
|
|
CURRENT RATIO |
2,84 |
|
1,60 |
|
1,99 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
4,41 |
TIMES |
4,12 |
TIMES |
3,56 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
81,68 |
DAYS |
87,46 |
DAYS |
101,10 |
DAYS |
|
INVENTORY TURNOVER |
4,19 |
TIMES |
2,32 |
TIMES |
2,31 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
31,90 |
DAYS |
39,80 |
DAYS |
46,39 |
DAYS |
|
RETURN ON ASSETS |
1,33 |
TIMES |
1,66 |
TIMES |
1,89 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
2,98 |
TIMES |
3,67 |
TIMES |
3,46 |
TIMES |
|
NET WORTH TIE-UP |
,75 |
|
,77 |
|
,48 |
|
|
INDEBTEDNESS |
1,24 |
|
1,21 |
|
,83 |
|
|
EQUITY RATIO |
44,63 |
% |
45,25 |
% |
54,57 |
% |
|
WORKING CAPITAL RATIO |
183,69 |
% |
59,95 |
% |
99,35 |
% |
|
GENERAL SOLVENCY |
1,81 |
|
1,83 |
|
2,20 |
|
|
RETURN ON NET EQUITY |
22,61 |
% |
-7,88 |
% |
-,35 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
7,59 |
% |
-2,15 |
% |
-,10 |
% |
|
GROSS PROFIT MARGIN |
37,38 |
% |
44,28 |
% |
43,53 |
% |
|
OPERATIONAL RESULT |
-1,05 |
% |
-,31 |
% |
-,19 |
% |
|
SALES TURNOVER ON LIABILITIES |
5,83 |
TIMES |
4,23 |
TIMES |
5,25 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,68 |
- OFFICIAL RATE ON 07/01/2011 |
|
US$ 1,00 = R$ 1,74 |
- OFFICIAL RATE ON 31/12/2009 |
|
US$ 1,00 = R$ 1,33 |
- OFFICIAL RATE ON 31/12/2008 |
|
US$ 1,00 = R$ 1,77 |
- OFFICIAL RATE ON 31/12/2007 |
|
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 GOOD CURRENT RATIO AND POSITIVE
WORKING CAPITAL AMOUNT. IN ADDITION IT SHOWS SALES RECOVER AND POSITIVE
RESULT. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
2.600.000,00
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
INSURANCE
|
NOT AVAILABLE |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
|
|
BANCO DO BRASIL S.A |
11 6972-0700 |
|
|
BANCO ITAÚ S.A. |
11 6967-0777 |
|
|
BANCO BRADESCO S/A |
11 3235-9606 |
|
|
HSBC BANK BRASIL S/A |
|
|
|
BANCO |
11 4419-8300 |
|
|
REMARKS: IN ACCORDING TO THE CENTRAL BANK OF |
ACTIVITIES COMMENTS
|
THE SUBJECT IS ENGAGED IN THE MANUFACTURE OF VETERINARY PRODUCTS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE |
EXPORTS TO:
|
NOT AVAILABLE |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
BASSO PANCOTTE & CIA LATDA |
|
|
|
EMBRASIL EMPRESA BRASILEIRA DISTRIBUIDORA LTDA |
|
|
|
MARTINS COMERCIO E SERVIÇOS DE DISTRIBUIÇÃO S/A |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 90 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY. IT IS FAMILY OWNED
AND OPERATES SINCE 1964 WITH A CLEAR TRADE HISTORY AND GOOD REPUTATION. THE COMPANY HAS TRADE RELATIONS WITH SEVERAL SUPPLIERS IN |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
BASF S/A |
|
11 6421-0011 |
|
BOX PRINT GRUPOGRAF LTDA |
|
51 2111-1311 |
|
CIA INDUSTRIAL DE VIDROS - CIV |
|
11 2172-7433 |
|
|
|
11 3103-0300 |
|
|
|
11 2272-5600 |
|
HENRIFARMA PRODUTOS QUIMICOS FARMACÊUTICOS LTDA |
|
11 3399-2000 |
|
INDUKERN DO BRASIL QUIM. LTDA |
|
11 3689-7666 |
|
IQ SOLUÇÕES & QUIMICA S/A |
|
11 2195-9158 |
|
REGNUS INDUSTRIA E COMERCIO LTDA |
|
11 4051-3703 |
|
ROYAL MARK INDUSTRIA QUIMICA LTDA |
|
11 6412-8018 |
|
SESPO INDUSTRIA E COMERCIO LTDA |
|
|
|
VALDEQUIMICA PRODUTOS QUIMICOS LTDA |
|
11 3721-6407 |
|
|
|
11 4351-4433 |
|
PAYMENT HISTORY: |
|
12 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 119.606,00 |
|
|
|
AMOUNT OF INVOICES PAID: 54 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 20.100,00 |
|
HIGHEST CREDIT: R$ 30.150,00 |
|
|
|
OUTSTANDING INVOICES
DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
1 |
2 |
R$ 5.776,30 |
FINAL OPINION
|
THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY IN BUSINESS SINCE 1964.
UP TO DATE IT HAS 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. A CREDIT LIMIT OF USD 350.000,00 MAY BE CONSIDERED. |
|
|
|
|
|
|
|
|
|
BALANCE SHEET ANALYSIS |
FIGURES ARE IN REAIS |
|
|
|
|
|
|
|
31-12-09 |
|
31-12-08 |
|
31-12-07 |
|
|
ASSETS |
|
% |
|
% |
|
% |
|
Current
Assets |
64.75 |
$ 5,746,957 |
62.79 |
$
5,863,603 |
71.60 |
|
|
Fixed
Assets |
$ 4,215,954 |
35.16 |
$ 3,341,752 |
36.51 |
$
2,294,607 |
28.02 |
|
TOTAL
ASSETS |
$
11,990,651 |
100.00 |
$ 9,152,635 |
100.00 |
$
8,189,074 |
100.00 |
|
LIABILITIES |
|
|
|
|
|
|
|
Current
Liabilities |
$ 2,736,667 |
22.82 |
$ 3,593,016 |
39.26 |
$
2,941,414 |
35.92 |
|
Long-Term
Liabilities |
$ 3,902,245 |
32.54 |
$ 1,417,753 |
15.49 |
$
779,273 |
9.52 |
|
TOTAL
LIABILITIES |
$
6,638,912 |
55.37 |
$ 5,010,769 |
54.75 |
$
3,720,687 |
45.43 |
|
Deferred
Income |
$ - |
0.00 |
$ - |
0.00 |
$ - |
0.00 |
|
Net
Equity |
$ 5,351,739 |
44.63 |
$ 4,141,866 |
45.25 |
$
4,468,387 |
54.57 |
|
TOTAL
LIABILITIES + NET EQUITY |
$
11,990,651 |
100.00 |
$ 9,152,635 |
100.00 |
$
8,189,074 |
100.00 |
|
PROFIT
AND LOSS ACCOUNTS |
|
|
|
|
|
|
|
Net
Sales |
$
15,943,696 |
100.00 |
$
15,207,254 |
100.00 |
$
15,455,908 |
100.00 |
|
Costs |
$ 9,983,779 |
62.62 |
$ 8,473,770 |
55.72 |
$ 8,728,139 |
56.47 |
|
Gross
Profit |
$ 5,959,917 |
37.38 |
$ 6,733,483 |
44.28 |
$
6,727,770 |
43.53 |
|
Operating
expenses |
$
(4,629,117) |
-29.03 |
$
(5,728,432) |
-37.67 |
$
(5,980,608) |
-38.69 |
|
operational
Result |
$ (168,130) |
-1.05 |
$ (46,512) |
-0.31 |
$ (29,886) |
-0.19 |
|
Net
Profit (loss) |
$ 1,209,873 |
7.59 |
$ (326,521) |
-2.15 |
$ (15,642) |
-0.10 |
|
COMPLEMENTARY
DATA |
|
|
|
|
|
|
|
Inventory |
$ 2,379,958 |
|
$ 3,647,011 |
|
$
3,771,046 |
|
|
Accounts
receivable |
$ 3,617,469 |
|
$
3,694,445 |
|
$
4,340,465 |
|
|
Accounts
Payable |
$ 884,574 |
|
$ 936,809 |
|
$
1,124,662 |
|
|
Property,
plant and equipment |
$ 3,989,993 |
|
$ 3,169,849 |
|
$
2,122,703 |
|
|
Purchases |
$ 4,215,954 |
|
$ 3,341,752 |
|
$
2,294,607 |
|
|
Financial
Expenses |
$
(1,498,930) |
|
$
(1,051,563) |
|
$
(777,047) |
|
|
Foreign
Currency Assets |
|
|
|
|
|
|
|
Foreign
Currency Liabilities |
|
|
|
|
|
|
|
Working
Capital |
$ 5,027,042 |
|
$ 2,153,941 |
|
$
2,922,189 |
|
|
RATIOS: |
|
|
|
|
|
|
|
QUICK
RATIO |
1.97 |
|
0.58 |
|
0.71 |
|
|
CURRENT
RATIO |
2.84 |
|
1.60 |
|
1.99 |
|
|
ACCOUNTS
RECEIVABLE TURNOVER |
4.41 |
times |
4.12 |
times |
3.56 |
times |
|
DAYS'
SALES IN RECEIVABLES |
81.68 |
days |
87.46 |
days |
101.10 |
days |
|
INVENTORY
TURNOVER |
4.19 |
times |
2.32 |
times |
2.31 |
times |
|
31.90 |
days |
39.80 |
days |
46.39 |
days |
|
|
RETURN
ON ASSETS |
1.33 |
times |
1.66 |
times |
1.89 |
times |
|
SALES
TURNOVER ON NET EQUIY |
2.98 |
times |
3.67 |
times |
3.46 |
times |
|
NET
WORTH TIE-UP |
0.75 |
|
0.77 |
|
0.48 |
|
|
ENDEBTEDNESS |
1.24 |
|
1.21 |
|
0.83 |
|
|
EQUITY
RATIO |
44.63 |
% |
45.25 |
% |
54.57 |
% |
|
WORKING
CAPITAL RATIO |
183.69 |
% |
59.95 |
% |
99.35 |
% |
|
GENERAL
SOLVENCY |
1.81 |
|
1.83 |
|
2.20 |
|
|
RETURN
ON NET EQUITY |
22.61 |
% |
(7.88) |
% |
(0.35) |
% |
|
RETURN
ON SALES (PROFIT MARGIN) |
7.59 |
% |
(2.15) |
% |
(0.10) |
% |
|
GROSS
PROFIT MARGIN |
37.38 |
% |
44.28 |
% |
43.53 |
% |
|
OPERATIONAL
RESULT |
(1.05) |
% |
(0.31) |
% |
(0.19) |
% |
|
SALES
TURNOVER ON LIABILITIES |
5.83 |
times |
4.23 |
times |
5.25 |
times |
|
FOREIGN
CURRENCY ON ASSETS |
- |
% |
- |
% |
- |
% |
|
FOREIGN
CURRENCY ON LIABILITIES |
- |
% |
- |
% |
- |
% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.32 |
|
|
1 |
Rs.70.54 |
|
Euro |
1 |
Rs.58.70 |
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.