MIRA INFORM REPORT
|
Report Date : |
21.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
ADATEX SA INDUSTRIAL E COMERCIAL |
|
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|
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Registered Office : |
Rua Marco Mehler, 45 - Bairro São João, Zip Code 12322-440 - Jacareí/Sp |
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Country : |
Brazil |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
06.10.1954 |
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Legal Form : |
Privately Held Corporation |
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Line of Business : |
Manufacturer of textiles |
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$ 300.000,00 |
|
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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
ADATEX S/A
INDUSTRIAL E COMERCIAL
company ADDRESSES
|
MAIN ADDRESS: |
RUA MARCO MEHLER, 45 - BAIRRO SÃO JOÃO |
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ZIP CODE/CITY: |
12322-440 - JACAREÍ/SP |
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PHONE: |
12 2127-2300 |
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FAX: |
12 2127-2390 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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THERE ARE BRANCHES IN: SÃO PAULO/SP AND GUARULHOS/SP. |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF TEXTILES. |
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LEGAL FORM: |
PRIVATELY
HELD CORPORATION |
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|
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INCORPORATION DATE: |
06/10/1954 |
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REGISTER DATE: |
06/10/1954 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
50.464.734/0001-08 |
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STATE REGISTER: |
392.005.415.114 |
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|
|
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SHARE CAPITAL: |
R$ 6.110.821,63 |
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LAST REGISTER OF CAPITAL: |
31/12/2004 |
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BOARD OF
DIRECTORS: |
|
|
|
|
|
ROBERTO MEHLER |
PRESIDENT DIRECTOR |
|
DANIEL EDUARDO MEHLER |
VICE-PRESIDENT DIRECTOR |
|
MONICA CARLOTA MEHLER |
ADMINISTRATIVE DIRECTOR |
AUTHORIZED USE OF SIGNATURE
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
DANIEL EDUARDO MEHLER (ARGENTINEAN) |
43,34% |
|
MONICA CARLOTA MEHLER (ARGENTINEAN) |
28,33% |
|
ROBERTO MEHLER (ARGENTINEAN) |
28,33% |
|
AFFILIATES /
SUBSIDIARIES: |
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|
|
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NOT AVAILABLE. |
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COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON OCTOBER 06, 1954 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 ADATEX. PARTNERS: DANIEL EDUARDO MEHLER: ARGENTINEAN, HOLDER OF DOCUMENTS CPF
011.785.748-30, RNE W199768-K, RESIDENTIAL ADDRESS AT RUA PÇA. SENADOR LINEU
PRESTES, 294, SÃO PAULO/SP; MONICA CARLOTA MEHLER: ARGENTINEAN, HOLDER OF DOCUMENTS CPF
138.399.648-22, RNE W062779-1, RESIDENTIAL ADDRESS AT RUA MARANHÃO, 320,
APTO. 31, SÃO PAULO/SP; ROBERTO MEHLER: ARGENTINEAN, HOLDER OF DOCUMENTS CPF 045.500.218-53,
RNE W042633-4, RESIDENTIAL ADDRESS AT RUA BAHIA, 528, 17º ANDAR, SÃO
PAULO/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. SANDRO, FINANCIAL
DEPARTMENT, 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: |
|
LAWSUITS: |
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DATE: |
COURT OF LAW: |
|
1 |
STATE LAWSUIT |
30/06/09 |
VARA DE JACAREI/SP |
FINANCIAL INFORMATION
|
DUE TO THE SUBJECT’S LEGAL FORM, IT IS NOT OBLIGED TO PUBLISH THE
BALANCE SHEET INFORMATION. WHEN INTERVIEWING SOURCES AT THE SUBJECT COMPANY DECLINED
TO PROVIDE ANY KIND OF FINANCIAL INFORMATION. OUTSIDE SOURCES CONTACTED SHOWED THE FOLLOWING FINANCIAL DATA ABOUT
THIS COMPANY. NO MORE UPDATE OR COMPLETE IS AVAILABLE. |
|
GENERAL BALANCE SHEETS AS OF 31/12/2008 AND 31/12/2007. |
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( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
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|
|
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CURRENT: |
31/12/2008 |
31/12/2007 |
|
|
|
|
|
|
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CASH AND CASH EQUIVALENTS |
6.408 |
506 |
|
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CLIENTS |
6.523 |
7.311 |
|
|
INVENTORY |
10.016 |
8.010 |
|
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PRE PAID EXPENSES |
87 |
101 |
|
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ADVANCES |
185 |
167 |
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ACCOUNTS RECEIVABLE |
481 |
62 |
|
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RECOVERABLE TAXES |
656 |
600 |
|
|
|
---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
24.356 |
16.757 |
|
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
JUDICIAL DEPOSITS |
1.614 |
1.948 |
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|
|
---------------- |
---------------- |
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TOTAL LONG-TERM RECEIVABLES |
1.614 |
1.948 |
|
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FIXED ASSETS: |
|
|
|
|
|
|
|
|
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INVESTMENTS |
83 |
220 |
|
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FIXED ASSETS |
4.464 |
4.134 |
|
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DEFERRED |
|
236 |
|
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INTANGIBLE |
192 |
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|
|
|
---------------- |
---------------- |
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TOTAL FIXED ASSETS |
4.739 |
4.590 |
|
|
|
================ |
================ |
|
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TOTAL ASSETS |
30.709 |
23.295 |
|
|
LIABILITIES: |
|
|
|
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CURRENT: |
31/12/2008 |
31/12/2007 |
|
|
|
|
|
|
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SUPPLIERS |
8.477 |
8.346 |
|
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TAXES & CONTRIBUTIONS |
354 |
263 |
|
|
LOANS AND FINANCING |
5.815 |
3.975 |
|
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LABOR OBLIGATIONS |
251 |
230 |
|
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INSTALLMENTS TAXES PAYABLE |
200 |
200 |
|
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LABOR PROVISIONS |
852 |
889 |
|
|
PROVISIONS/INCOME TAX |
|
289 |
|
|
OTHER DEBTS |
207 |
537 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
16.156 |
14.729 |
|
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
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TAXES AND CONTRIBUTIONS |
1.317 |
1.685 |
|
|
LOANS AND FINANCING |
6.598 |
|
|
|
DEBT WITH SHAREHOLDERS |
1.000 |
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|
|
|
---------------- |
---------------- |
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TOTAL LONG TERM LIABILITIES |
8.915 |
1.685 |
|
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NET EQUITY: |
|
|
|
|
|
|
|
|
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SHARE CAPITAL |
6.111 |
6.111 |
|
|
ACCRUED PROFIT (LOSS) |
-816 |
427 |
|
|
PROFIT RESERVES |
343 |
343 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL NET EQUITY |
5.638 |
6.881 |
|
|
|
================ |
================ |
|
|
TOTAL LIABILITIES |
30.709 |
23.295 |
|
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2008 AND 31/12/2007. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
31/12/2008 |
31/12/2007 |
|
|
|
|
|
|
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GROSS SALES |
74.904 |
84.270 |
|
|
(-) TAXES ON SALES |
15.325 |
17.483 |
|
|
|
---------------- |
---------------- |
|
|
NET SALES |
59.579 |
66.787 |
|
|
(-) COST OF SOLD GOODS |
53.460 |
60.551 |
|
|
|
---------------- |
---------------- |
|
|
GROSS PROFIT |
6.119 |
6.236 |
|
|
OPERATING REVENUE (EXPENSE) |
-5.890 |
-5.361 |
|
|
FINANCIAL REVENUE(EXPENSE) |
-725 |
177 |
|
|
|
---------------- |
---------------- |
|
|
OPERATIONAL PROFIT (LOSS) |
-496 |
1.052 |
|
|
NON-OPERATING RESULT |
|
106 |
|
|
CONTRIBUTION/INCOME TAX |
|
-290 |
|
|
|
---------------- |
---------------- |
|
|
NET PROFIT (LOSS) |
-496 |
868 |
|
|
RATIOS: |
31/12/2008 |
31/12/2007 |
|
|
QUICK RATIO |
,89 |
|
,59 |
|
|
|
|
CURRENT RATIO |
1,51 |
|
1,14 |
|
|
|
|
ACCOUNTS RECEIVABLE TURNOVER |
9,13 |
TIMES |
9,14 |
TIMES |
|
|
|
DAYS' SALES IN RECEIVABLES |
39,41 |
DAYS |
39,41 |
DAYS |
|
|
|
INVENTORY TURNOVER |
5,34 |
TIMES |
7,56 |
TIMES |
|
|
|
ACCOUNTS PAYABLE PERIOD |
57,08 |
DAYS |
49,62 |
DAYS |
|
|
|
RETURN ON ASSETS |
1,94 |
TIMES |
2,87 |
TIMES |
|
|
|
SALES TURNOVER ON NET EQUITY |
10,57 |
TIMES |
9,71 |
TIMES |
|
|
|
NET WORTH TIE-UP |
,79 |
|
,60 |
|
|
|
|
INDEBTEDNESS |
4,45 |
|
2,39 |
|
|
|
|
EQUITY RATIO |
18,36 |
% |
29,54 |
% |
|
|
|
WORKING CAPITAL RATIO |
50,76 |
% |
13,77 |
% |
|
|
|
GENERAL SOLVENCY |
1,22 |
|
1,42 |
|
|
|
|
RETURN ON NET EQUITY |
-8,80 |
% |
12,61 |
% |
|
|
|
RETURN ON SALES (PROFIT MARGIN) |
-,83 |
% |
1,30 |
% |
|
|
|
GROSS PROFIT MARGIN |
10,27 |
% |
9,34 |
% |
|
|
|
OPERATIONAL RESULT |
-,83 |
% |
1,58 |
% |
|
|
|
SALES TURNOVER ON LIABILITIES |
3,69 |
TIMES |
4,53 |
TIMES |
|
|
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,76 |
- OFFICIAL RATE ON 19/10/2011 |
|
US$ 1,00 = R$ 2,33 |
- 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 FAIR FINANCIAL STANDING. IT SHOWS HIGH
LEVEL OF INDEBTEDNESS AND IT IS MAINLY COMPRISED BY TRADE AND FINANCIAL PAYABLES.
ON THE OTHER HAND THE COMPANY OPERATES WITH GOOD CURRENT RATIO AND POSITIVE
WORKING CAPITAL AMOUNT. IN ADDITION IT IS NOTED DROP IN SALES AND LOSS WAS
MADE. REMARKS: THEY DECLINED TO DISCLOSE BALANCE SHEET FOR 2009. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 2.500.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 600.000,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 25.000.000,00
INSURANCE
|
THE COMPANY MAINTAINS INSURANCE COVERAGE CONSIDERED SUFFICIENT BY THE
MANAGEMENT TO COVER POSSIBLE RISKS OVER ITS ASSETS AND/OR LIABILITIES TO
ASSURE THE SUBSTITUTION OF HE GOODS AND THE CONTINUITY OF OPERATIONS IN CASE
OF INDEMNITY. |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
|
|
BANCO ITAU S/A |
0240 |
|
|
BANCO ABN AMRO REAL S/A |
0700 |
|
|
BANCO DO BRASIL S/A |
0683 |
|
|
BANCO BCN S/A |
0066 |
|
|
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 ELASTIC YARNS, LATEX AND
LYCRA PRODUCTS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
ISRAEL, THAILAND, ITALY, FRANCE AND USA. |
EXPORTS TO:
|
MERCOSUR, UNITED STATES, GERMANY, SPAIN AND OTHERS. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
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DOMESTIC
CLIENTS: |
|
|
|
CMR INDUSTRIA E COMERCIO LTDA |
|
|
|
DE MILLUS S/A INDUSTRIA E COMERCIO |
|
|
|
INDUSTRIA DE MEIAS ACO LTDA |
|
|
|
JOHNSON & JOHSON INDUSTRIA E COMERCIO LTDA |
|
|
|
LUPO S/A |
|
|
|
SANTISTA TEXTIL S/A |
|
|
|
TEXTIL CANATIBA LTDA |
|
|
|
WERNER FABRICA DE TECIDOS S/A |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 730 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS AN OLD-ESTABLISHED AND WELL-ESTABLISHED COMPANY IN
BUSINESS SINCE 1954. 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. THE LAWSUIT REPORTED IS NOT RELATED WITH TRADE
DEBT. IT IS RELATED TO TAX DEBT THAT FOR ANY REASON THE COMPANY HAS NOT YET
PAID. NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUIT DOES NOT AFFECT THE
COMPANY’S TRADE REPUTATION. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
|
|
CELULOSE IRANI S/A |
|
|
|
CIA TEXTIL DO NORDESTE |
|
|
|
DALWA DO BRASIL TEXTIL LTDA |
|
|
|
DU PONT DO BRASIL S/A |
|
|
|
FIBRA DUPONT SUDAMERICA S/A |
|
|
|
INDUSTRIA DE EMBALAGENS TOCANTINS LTDA |
|
|
|
RADICINYLON DO BRASIL LTDA |
|
|
|
RHODIA LTDA |
|
|
|
RHODIA POLIAMIDA BRASIL LTDA |
|
|
|
ROTA QUIMICA IND E COMERCIO |
|
|
|
SONOCO DO BRASIL LTDA |
|
|
|
UNIMAUA INDUSTRIAS QUIMICAS |
|
|
|
PAYMENT HISTORY: |
|
14 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 406.816,00 |
|
|
|
AMOUNT OF INVOICES PAID: 67 |
|
TOTAL OF PROMPT PAYMENTS: 90% |
|
TOTAL OF DELAYED PAYMENTS: 10% |
|
|
|
HIGHEST INVOICE: R$ 44.999,00 |
|
HIGHEST CREDIT: R$ 44.999,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
3 |
5 |
R$ 38.300,23 |
FINAL OPINION
|
THE SUBJECT IS AN OLD-ESTABLISHED AND WELL-ESTABLISHED COMPANY. OUR
INVESTIGATION SHOWED A CLEAR TRADE HISTORY AND THE COMPANY HAS VERY GOOD
PAYMENT BEHAVIOUR. 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. AS NO UPDATED FINANCIAL DATA IS AVAILABLE A CREDIT LIMIT OF US$
300.000,00 MAY BE CONSIDERED. |
|
|
|
|
|
|
|
BALANCE SHEET ANALYSIS |
FIGURES ARE IN THOUSANDS
OF REAIS |
|
|
|
|
|
31-12-08 |
|
31-12-07 |
|
|
ASSETS |
|
% |
|
% |
|
Current Assets |
79.31 |
$ 16,757 |
71.93 |
|
|
Fixed Assets |
$ 4,739 |
15.43 |
$ 4,590 |
19.70 |
|
TOTAL ASSETS |
$ 30,709 |
100.00 |
$
23,295 |
100.00 |
|
LIABILITIES |
|
|
|
|
|
Current Liabilities |
$ 16,156 |
52.61 |
$ 14,729 |
63.23 |
|
Long-Term Liabilities |
$ 8,915 |
29.03 |
$ 1,685 |
7.23 |
|
TOTAL LIABILITIES |
$ 25,071 |
81.64 |
$ 16,414 |
70.46 |
|
Deferred Income |
$ - |
0.00 |
$ - |
0.00 |
|
Net Equity |
$ 5,638 |
18.36 |
$ 6,881 |
29.54 |
|
TOTAL LIABILITIES + NET EQUITY |
$ 30,709 |
100.00 |
$ 23,295 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
|
Net Sales |
$ 59,579 |
100.00 |
$ 66,787 |
100.00 |
|
Costs |
$ 53,460 |
89.73 |
$ 60,551 |
90.66 |
|
Gross Profit |
$ 6,119 |
10.27 |
$ 6,236 |
9.34 |
|
Operating expenses |
$ (5,890) |
-9.89 |
$ (5,361) |
-8.03 |
|
operational Result |
$ (496) |
-0.83 |
$ 1,052 |
1.58 |
|
Net Profit (loss) |
$ (496) |
-0.83 |
$ 868 |
1.30 |
|
COMPLEMENTARY DATA |
|
|
|
|
|
Inventory |
$ 10,016 |
|
$ 8,010 |
|
|
Accounts receivable |
$ 6,523 |
|
$ 7,311 |
|
|
Accounts Payable |
$ 8,477 |
|
$ 8,346 |
|
|
Property, plant and equipment |
$ 4,464 |
|
$ 4,134 |
|
|
Purchases |
$ 4,739 |
|
$ 4,590 |
|
|
Financial Expenses |
$ (725) |
|
$ 177 |
|
|
Foreign Currency Assets |
|
|
|
|
|
Foreign Currency Liabilities |
|
|
|
|
|
Working Capital |
$ 8,200 |
|
$ 2,028 |
|
|
RATIOS: |
|
|
|
|
|
QUICK RATIO |
0.89 |
|
0.59 |
|
|
CURRENT RATIO |
1.51 |
|
1.14 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
9.13 |
times |
9.14 |
times |
|
DAYS' SALES IN RECEIVABLES |
39.41 |
days |
39.41 |
days |
|
INVENTORY TURNOVER |
5.34 |
times |
7.56 |
times |
|
57.08 |
days |
49.62 |
days |
|
|
RETURN ON ASSETS |
1.94 |
times |
2.87 |
times |
|
SALES TURNOVER ON NET EQUIY |
10.57 |
times |
9.71 |
times |
|
NET WORTH TIE-UP |
0.79 |
|
0.60 |
|
|
ENDEBTEDNESS |
4.45 |
|
2.39 |
|
|
EQUITY RATIO |
18.36 |
% |
29.54 |
% |
|
WORKING CAPITAL RATIO |
50.76 |
% |
13.77 |
% |
|
GENERAL SOLVENCY |
1.22 |
|
1.42 |
|
|
RETURN ON NET EQUITY |
(8.80) |
% |
12.61 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
(0.83) |
% |
1.30 |
% |
|
GROSS PROFIT MARGIN |
10.27 |
% |
9.34 |
% |
|
OPERATIONAL RESULT |
(0.83) |
% |
1.58 |
% |
|
SALES TURNOVER ON LIABILITIES |
3.69 |
times |
4.53 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
- |
% |
|
FOREIGN CURRENCY ON LIABILITIES |
- |
% |
- |
% |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.71 |
|
UK Pound |
1 |
Rs.78.09 |
|
Euro |
1 |
Rs.68.05 |
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.