MIRA
INFORM REPORT
|
Report Date : |
02.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
FERSOL INDÚSTRIA E COMÉRCIO S/A |
|
|
|
|
Registered Office : |
Rodovia Presidente Castelo Branco, S/Nº. Km 68,5 Bairro
Olhos D’água |
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Country : |
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|
|
|
Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
15.09.1975 |
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|
Legal Form : |
Limited Liability Company |
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|
|
|
Line of Business : |
Manufacture, Packaging, Re-Packaging, Warehousing,
Distribution, Forwarding, Import, Export and Representation of Crop Protection
Products, Manure, Fertilizers and Other Products Related to The Agriculture. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
Payment Behaviour : |
No complaints |
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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 – March 31st, 2010
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
FERSOL
INDÚSTRIA E COMÉRCIO S/A
Company ADDRESSES
|
MAIN
ADDRESS: |
RODOVIA PRESIDENTE CASTELO BRANCO, S/Nº. KM 68,5 BAIRRO
OLHOS D’ÁGUA |
|
ZIP CODE/CITY: |
18120-000 - MAIRINQUE/SP |
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|
PHONE: |
11 4246-6200 |
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FAX: |
11 4246-6200 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
|
|
|
|
|
ADDRESS: |
RODOVIA ITAPETININGA/ANGATUBA, KM 180 |
|
ZIP CODE/CITY: |
18120-000 ITAPETININGA/SP |
|
PHONE: |
15 272-4478 |
|
CNPJ: |
47.226.493/0006-50 |
|
|
|
|
ADDRESS: |
RODOVIA SP |
|
ZIP CODE/CITY: |
TATUÍ/SP |
|
|
|
|
ADDRESS: |
AVENIDA BRIGADEIRO FARIA |
|
ZIP CODE/CITY: |
SÃO PAULO/SP |
|
PHONE: |
11 3038-1700/1712 |
|
FAX: |
11 3038-1712 |
LEGAL DATA
|
MAIN
ACTIVITIES: |
|
MANUFACTURE, PACKAGING, RE-PACKAGING, WAREHOUSING,
DISTRIBUTION, FORWARDING, IMPORT, EXPORT AND REPRESENTATION OF CROP
PROTECTION PRODUCTS, MANURE, FERTILIZERS AND OTHER PRODUCTS RELATED TO THE
AGRICULTURE. |
|
LEGAL
FORM: |
PRIVATELY HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
15/09/1975 |
|
REGISTER DATE: |
15/09/1975 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
47.226.493/0001-46 |
|
STATE REGISTER: |
432.021.780.115 |
|
|
|
|
SHARE CAPITAL: |
R$
16.000.000,00 |
|
LAST REGISTER OF CAPITAL: |
30/09/2001 |
|
BOARD OF DIRECTORS: |
|
|
|
|
|
ELIANA
APARECIDA FRANCISCO |
DIRECTOR |
|
SILVIA
CRISTINA ELIAS ZAGO |
DIRECTOR |
AUTHORIZED USE OF
SIGNATURE:
|
|
THE DIRECTORS ARE AUTHORIZED
TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS / PARTNERS: |
|
|
|
|
|
AMERIBRÁS
EMPREENDIMENTOS E PARTICIPAÇÕES LTDA |
81,50% |
|
NICOLE
ZILLO ROITBERG |
1,00% |
|
PATRICK
ZILLO ROITBERG |
1,00% |
|
ALDIR
LEONEL DE QUEIROZ |
1,00% |
|
SHARES
IN TREASURY |
15,50% |
|
|
|
|
IN
ADDITION, MR MIGUEL MAURICIO ROITBERG HAS ONLY 1 SHARE, WHICH ACCOUNTS FOR
LESS THAN 1%. |
|
|
AFFILIATES / SUBSIDIARIES: |
|
|
|
|
|
BIOSYNTETICA
CIÊNCIA E TECNOLOGIA LTDA |
|
|
FERSOL
DO BRASIL LTDA |
|
|
METTA
OLHAS PRODUÇÕES LTDA |
|
COMPANY'S BACKGROUND:
|
THE SUBJECT WAS ESTABLISHED ON SEPTEMBER 15, 1975 AS
FERSOL COMERCIO DE PRODUTOS AGRICOLAS LTDA., TO BE ENGAGED IN THE SAID LINE
OF BUSINESS. IN 1977 IT ALTERED TO FERSOL INDUSTRIA E COMERCIO LTDA. ON JUNE
24, 2004 IT CHANGED THE LEGAL FORM FROM LIMITED LIABILITY COMPANY TO
PRIVATELY HELD CORPORATION AND ADOPTED THE ABOVE-MENTIONED NAME. IN MARCH 1983 ACQUIRED FROM THE COMPANY BENZENEX AN
INDUSTRIAL UNIT IN MAIRINQUE/SP. IN MAY 1986 ACQUIRED FROM CHEVRON DO BRASIL AN
EXPERIMENTAL STATION IN ITAPETININGA/SP. IN 1992 ACQUIRED FROM BASF THE MAGNESIUM SULPHATE PLANT
AND ANNEXED IT TO ITS PLANT FROM TATUÍ/SP. ON DECEMBER 31, 1998 THE SUBJECT TOOK OVER THE COMPANY
TWOPAR COMÉRCIO E PARTICIPAÇÕES LTDA. DIRECTORS: SILVIA CRISTINA ELIAS ZAGO: BRAZILIAN, HOLDER OF DOCUMENTS
CPF 061.757.628-94 AND RG 16.266.247-6, RESIDENTIAL ADDRESS AT AVENIDA
CONSELHEIRO RODRIGUES ALVES, 780, APTO 111, VILA MARIANA, ZIP CODE 04014-002,
SÃO PAULO/SP; ELIANA APARECIDA FRANCISCO: BRAZILIAN, HOLDER OF DOCUMENTS
CPF 189.204.878-71 AND RG 25.804.166-3, RESIDENTIAL ADDRESS AT AVENIDA
ANTONIO JOSE BENTES, 151, SÃO PAULO/SP. THE
COMPANY HAS A TOTAL OF 300 EMPLOYEES, OF WHICH 150 ARE STEADY AND 150
OUTSOURCED/TEMPORARY. TRADE NAME: FERSOL. 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 30/06/2011, 31/12/2010 AND
31/12/2009. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS
|
|
|
|
|
CURRENT: |
30/06/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
CASH AND BANKS |
97.713,00 |
228,00 |
60.489,00 |
|
CLIENTS |
12.606.702,00 |
7.776.561,00 |
6.327.401,00 |
|
INVENTORY |
20.627.783,00 |
19.048.981,00 |
21.828.090,00 |
|
RECOVERABLE TAXES |
12.174.476,00 |
10.018.007,00 |
4.614.749,00 |
|
PRE PAID EXPENSES |
7.516,00 |
47.437,00 |
50.330,00 |
|
OTHER CREDITS |
5.041.917,00 |
5.019.707,00 |
2.164.385,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
50.556.107,00 |
41.910.921,00 |
35.045.444,00 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
RECOVERABLE TAXES |
15.642.986,00 |
22.859.691,00 |
24.720.618,00 |
|
INTERCOMPANY CREDITS |
13.819.120,00 |
14.104.578,00 |
11.760.041,00 |
|
JUDICIAL DEPOSITS |
1.210.143,00 |
1.249.449,00 |
1.277.499,00 |
|
OTHER CREDITS |
419.835,00 |
419.834,00 |
419.838,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
31.092.084,00 |
38.633.552,00 |
38.177.996,00 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED
ASSETS |
31.304.122,00 |
36.819.037,00 |
38.699.170,00 |
|
INTANGIBLE |
703.424,00 |
707.902,00 |
734.399,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
FIXED ASSETS |
32.007.546,00 |
37.526.939,00 |
39.433.569,00 |
|
|
================ |
================ |
================ |
|
TOTAL
ASSETS |
113.655.737,00 |
118.071.412,00 |
112.657.009,00 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
30/06/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
LOANS
AND FINANCING |
3.710.373,00 |
12.850.764,00 |
3.543.289,00 |
|
SUPPLIERS |
7.301.875,00 |
8.749.357,00 |
13.142.083,00 |
|
LABOR
OBLIGATIONS |
511.708,00 |
500.144,00 |
557.550,00 |
|
TRIBUTARY
OBLIGATIONS |
284.024,00 |
358.588,00 |
332.355,00 |
|
INCOME
TAX/SOCIAL CONTRIBUTION |
3.121.199,00 |
462.107,00 |
129.451,00 |
|
DEFERRED
TAXES |
351.942,00 |
351.942,00 |
351.942,00 |
|
INSTALLMENTS
TAXES PAYABLE |
9.546.558,00 |
3.811.149,00 |
581.207,00 |
|
INTERESTS
ON OWN CAPITAL |
|
|
2.365.294,00 |
|
ACCOUNTS
PAYABLE |
3.942.319,00 |
1.915.234,00 |
1.279.651,00 |
|
OTHER
DEBTS |
5.192.123,00 |
4.355.219,00 |
2.681.411,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
CURRENT LIABILITIES |
33.962.121,00 |
33.354.504,00 |
24.964.233,00 |
|
LONG
TERM LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
725.681,00 |
898.304,00 |
2.745.290,00 |
|
SUPPLIERS |
3.450.283,00 |
7.013.415,00 |
11.716.535,00 |
|
TRIBUTARY OBLIGATIONS |
2.982.093,00 |
3.158.064,00 |
3.510.006,00 |
|
INSTALLMENTS TAXES PAYABLE |
42.748.113,00 |
45.998.709,00 |
38.718.678,00 |
|
PROVISION FOR CONTINGENCIES |
5.672.050,00 |
5.672.050,00 |
8.409.219,00 |
|
OTHER |
9.061.807,00 |
10.179.085,00 |
11.941.174,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
64.640.027,00 |
72.919.627,00 |
77.040.902,00 |
|
NET
EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
16.000.000,00 |
16.000.000,00 |
16.000.000,00 |
|
TREASURY SHARES |
-2.480.000,00 |
-2.480.000,00 |
-2.480.000,00 |
|
REVALUATION RESERVES |
7.229.340,00 |
7.570.930,00 |
8.254.112,00 |
|
PROFIT RESERVES |
437.497,00 |
437.497,00 |
437.497,00 |
|
ACCRUED PROFIT (LOSS) |
-6.133.248,00 |
-9.731.146,00 |
-11.559.735,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
15.053.589,00 |
11.797.281,00 |
10.651.874,00 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
113.655.737,00 |
118.071.412,00 |
112.657.009,00 |
|
PROFIT AND LOSS ACCOUNTS AS OF 30/06/2011, 31/12/2010 AND
31/12/2009. |
|
( FIGURES ARE IN REAIS ). |
|
|
30/06/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
GROSS SALES |
117.715.998,00 |
155.129.330,00 |
125.296.694,00 |
|
(-) TAXES ON SALES |
4.679.526,00 |
7.333.238,00 |
12.269.533,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
113.036.472,00 |
147.796.092,00 |
113.027.161,00 |
|
(-) COST OF SOLD GOODS |
79.015.530,00 |
102.997.020,00 |
87.895.245,00 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
34.020.942,00 |
44.799.072,00 |
25.131.916,00 |
|
OPERATING REVENUE (EXPENSE) |
-23.448.107,00 |
-30.797.950,00 |
-27.234.101,00 |
|
FINANCIAL REVENUE(EXPENSE) |
-4.433.838,00 |
-13.751.569,00 |
11.448.524,00 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
6.138.997,00 |
249.553,00 |
9.346.339,00 |
|
CONTRIBUTION/INCOME TAX |
-2.882.689,00 |
-1.469.440,00 |
-1.776.590,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
3.256.308,00 |
-1.219.887,00 |
7.569.749,00 |
|
MONTHLY
SALES |
|||
|
|
2011 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$
15.895.000,00 |
|
|
|
FEBRUARY |
R$
17.477.000,00 |
|
|
|
MARCH |
R$
20.995.000,00 |
|
|
|
APRIL |
R$
18.961.000,00 |
|
|
|
MAY |
R$
20.963.000,00 |
|
|
|
JUNE |
R$
19.504.000,00 |
|
|
|
JULY |
R$
18.804.000,00 |
|
|
|
AUGUST |
|
|
|
|
SEPTEMBER |
|
|
|
|
OCTOBER |
|
|
|
|
NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$
132.599.000,00 |
|
|
|
RATIOS: |
30/06/2011 |
31/12/2010 |
31/12/2009 |
|
QUICK RATIO |
,88 |
|
,69 |
|
,53 |
|
|
CURRENT RATIO |
1,49 |
|
1,26 |
|
1,40 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
8,97 |
TIMES |
19,01 |
TIMES |
17,86 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
20,08 |
DAYS |
18,94 |
DAYS |
20,15 |
DAYS |
|
INVENTORY TURNOVER |
3,83 |
TIMES |
5,41 |
TIMES |
4,03 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
16,63 |
DAYS |
30,58 |
DAYS |
53,83 |
DAYS |
|
RETURN ON ASSETS |
,99 |
TIMES |
1,25 |
TIMES |
1,00 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
7,51 |
TIMES |
12,53 |
TIMES |
10,61 |
TIMES |
|
NET WORTH TIE-UP |
2,08 |
|
3,12 |
|
3,63 |
|
|
INDEBTEDNESS |
6,55 |
|
9,01 |
|
9,58 |
|
|
EQUITY RATIO |
13,24 |
% |
9,99 |
% |
9,46 |
% |
|
WORKING CAPITAL RATIO |
48,86 |
% |
25,65 |
% |
40,38 |
% |
|
GENERAL SOLVENCY |
1,15 |
|
1,11 |
|
1,10 |
|
|
RETURN ON NET EQUITY |
21,63 |
% |
-10,34 |
% |
71,07 |
% |
|
RETURN ON SALES (PROFIT
MARGIN) |
2,88 |
% |
-,83 |
% |
6,70 |
% |
|
GROSS PROFIT MARGIN |
30,10 |
% |
30,31 |
% |
22,24 |
% |
|
OPERATIONAL RESULT |
5,43 |
% |
,17 |
% |
8,27 |
% |
|
SALES TURNOVER ON LIABILITIES |
3,33 |
TIMES |
4,43 |
TIMES |
4,53 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON
LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE
RATE: |
|
|
US$ 1,00 = R$ 1,60 |
- OFFICIAL RATE ON
23/08/2011 |
|
US$ 1,00 = R$ 1,56 |
- OFFICIAL RATE ON
30/06/2011 |
|
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 FIGURES FOR 2010 SHOW A SATISFACTORY FINANCIAL
STANDING. THE LEVEL OF INDEBTEDNESS WAS VERY HIGH BUT THE COMPANY HAD GOOD
CURRENT RATIO AND POSITIVE WORKING CAPITAL. IN ADDITION, IT SHOWED GROWING
SALES BUT THE OPERATING EXPENSES AND TAXES DROVE THE COMPANY TO MAKE LOSS THE INTERIM FIGURES FOR JUNE 2011 SHOW AN IMPROVED
FINANCIAL STANDING. THE LEVEL OF INDEBTEDNESS DECREASED BUT IS STILL HIGH BUT
THE CURRENT RATIO IMPROVED. IT ALSO SHOWS GROWING SALES TREND AND MADE
PROFIT. THE LATEST FIGURES SHOW THE SUBJECT IS IMPROVING THE
FINANCIAL STANDING. |
|
|
REAL
ESTATE: |
|
OWNED PREMISES ARE VALUED AT R$ 12.450.000,00
THE PARTNERS OWN REAL ESTATE VALUED AT R$ 2.700.000,00
|
VEHICLES: |
OWNED VEHICLES ARE
VALUED AT R$ 6.406.820,23
|
MACHINES: |
OWNED MACHINES AND
EQUIPMENTS ARE VALUED AT R$ 484.771,37
INSURANCE
|
INSURANCE COMPANY: |
MARITIMA SEGUROS |
|
COVERAGE: |
FIRE/RAY//EXPLOSION |
|
VALUE: |
R$ 35.000.000,00 |
|
|
|
|
INSURANCE COMPANY: |
MARITIMA SEGUROS |
|
COVERAGE: |
ELECTRIC DAMAGE |
|
VALUE: |
R$ 150.000,00 |
|
|
|
|
INSURANCE COMPANY: |
MARITIMA SEGUROS |
|
COVERAGE: |
TREFT |
|
VALUE: |
R$ 120.000,00 |
|
|
|
|
INSURANCE COMPANY: |
MARITIMA SEGUROS |
|
COVERAGE: |
LOSS OF PROFIT |
|
VALUE: |
R$ 38.000.000,00 |
|
|
|
|
INSURANCE COMPANY: |
MARITIMA SEGUROS |
|
COVERAGE: |
MACHINES |
|
VALUE: |
R$ 120.000,00 |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO BRADESCO S/A |
3372-3 / 15 231-1886 |
SOROCABA/SP |
|
BANCO DO BRASIL S/A |
3336-7 |
SÃO PAULO/SP |
|
BANCO ITAÚ S/A |
0076 / 15 3331-8842 |
SOROCABA/SP |
|
REMARKS: IN ACCORDING TO THE CENTRAL BANK
OF |
ACTIVITIES COMMENTS
|
SUBJECT IS ENGAGED IN THE MANUFACTURE, PACKAGING,
RE-PACKAGING, WAREHOUSING, DISTRIBUTION, FORWARDING, IMPORT, EXPORT AND
REPRESENTATION OF CROP PROTECTION PRODUCTS, MANURE, FERTILIZERS AND OTHER
PRODUCTS RELATED TO THE AGRICULTURE. |
|
IMPORT
AND EXPORT: |
IMPORTS FROM:
|
|
EXPORTS TO:
|
TRINIDAD TOBAGO AND |
|
MAIN
CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
PHONE: |
|
BASF S/A |
|
11 4343-2819 |
|
BAYER S/A |
|
11 4771-9532 |
|
CHEMTURA INDUSTRIA QUIMICA |
|
11 3522-5000 |
|
DOW AGROCIENCES INDÚSTRIA LTDA |
|
12 3954-2100 |
|
HELM DO BRASIL MERCANTIL |
|
11 5181-4099 |
|
TANGARA IMPORTADORA E EXPORTADORA |
|
35 2223-2786 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 150 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1975. IT
HAS A HIGH AND GROWING SCALE OF ACTIVITIES AND ITS CURRENT OPERATING STANDING
SHOWS IT HAS SUCCESSFULLY RECOVERED FROM THE PROBLEMS FACED A FEW YEARS AGO. THE COMPANY HAS TRADE RELATIONS WITH SEVERAL SUPPLIERS IN CURRENTLY THE COMPANY HAS A
VERY PROMPT PAYMENT RECORD AND NO DETRIMENTAL FILES ARE REGISTERED. |
||
|
|
||
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC SUPPLIERS: |
|
PHONE: |
|
CIA ULTRAGAZ |
|
0800-130123 |
|
CIMPLAST EMBALAGENS LTDA |
|
11 3601-2004 |
|
OXITENO S/A |
|
11 3177-6597 |
|
RHODIA BRASIL LTDA |
|
11 3741-7640 |
|
|
|
11 4166-4260 |
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
|
|
AARTI |
|
|
|
BIESTERFIELD |
|
|
|
BIESTERFIELD |
UNITED STATES |
|
|
|
|
|
|
WENDA |
|
|
|
PAYMENT
HISTORY: |
|
31 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL
AMOUNT: R$ 733.328,00 |
|
|
|
AMOUNT OF INVOICES PAID: 317 |
|
TOTAL OF PROMPT PAYMENTS: 96% |
|
TOTAL OF DELAYED PAYMENTS: 4% |
|
|
|
HIGHEST INVOICE: R$ 83.664,00 |
|
HIGHEST CREDIT: R$ 96.000,00 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. IN THE RECENT PAST THE COMPANY HAD A TRADE HISTORY BLEMISHED DUE TO
HIGH DEBTS WITH SUPPLIERS BUT THE FINANCIAL STANDING HAS IMPROVED AND THE
CURRENT PAYMENTS WITH SUPPLIERS ARE STRICTLY PROMPT. THE SUBJECT CURRENT
REPUTATION IS GOOD AND IMPROVING. BASED ON THE GENERAL INFORMATION AVAILABLE THE SUBJECT MAY BE
CONSIDERED FOR THE COMPANY IS CONSIDERED GOOD
FOR CURRENT CREDIT FACILITIES UP TO USD 2.500.000,00. HIGHER AMOUNTS CAN BE
GRANTED DEPENDING ON THE IMPORTANCE OF THE BUSINESS RELATIONS ESTABLISHED. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.01 |
|
|
1 |
Rs.75.42 |
|
Euro |
1 |
Rs.66.69 |
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.