MIRA INFORM REPORT

 

 

Report Date :

12.04.2012

 

IDENTIFICATION DETAILS

 

Name :

UNIÃO QUÍMICA FARMACÊUTICA NACIONAL S/A

 

 

Registered Office :

Rua Coronel Luiz Tenório De Brito, 90 – Centro, 06900-000 - Embu Guaçu/Sp

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

27.11.1936

 

 

Legal Form :

Privately Held Corporation

 

 

Line of Business :

Manufacture, Sale, Import And Export Of Chemicals And Pharmaceutical Products For Human And Veterinary Usage.

 

 

No. of Employees :

1800

 

 

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$ 1.500.000,00

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 30, 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

 

UNIÃO QUÍMICA FARMACÊUTICA NACIONAL S/A

 

 

company ADDRESSES

 

MAIN ADDRESS:

RUA CORONEL LUIZ TENÓRIO DE BRITO, 90 - CENTRO

ZIP CODE/CITY:

06900-000 - EMBU GUAÇU/SP

 

 

PHONE:

11 4662 7200

FAX:

11 4662 7200

E-MAIL:

amucheironi@uniaoquimica.com.br

WEB SITE:

amucheironi@uniaoquimica.com.br

 

BRANCHES:

 

 

 

ADDRESS:

AVENIDA DO CAFÉ, 277 TORRE A, 7°. ANDAR - JABAQUARA

ZIP CODE/CITY:

04311-900 SÃO PAULO/SP

PHONE:

11 5586-2000

FAX:

11 5584-5234

CNPJ:

60.665.981/0002-07

STATE REGISTER:

110.090.796.116

 

 

ADDRESS:

ESTRADA VELHA AEROPORTO, 105 - SÃO CRISTOVÃO

ZIP CODE/CITY:

37550-00 POUSO ALEGRE/MG

PHONE:

35 3449-6000

CNPJ:

60.665.981/0005-41

STATE REGISTER:

525.775.526.0294

 

 

ADDRESS:

TRECHO 01, CONJUNTO 11, LOTES 06 A 12, POLO DE DESENVOLVIMENTO JK - SANTA MARIA

ZIP CODE/CITY:

72500-970 BRASÍLIA/DF

PHONE:

61 2103-3401

CNPJ:

60.665.981/0007-03

STATE REGISTER:

07-371-588/003-4

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE, SALE, IMPORT AND EXPORT OF CHEMICALS AND PHARMACEUTICAL PRODUCTS FOR HUMAN AND VETERINARY USAGE.

 

LEGAL FORM:

PRIVATELY HELD CORPORATION

 

 

INCORPORATION DATE:

27/11/1936

REGISTER DATE:

27/11/1936

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

60.665.981/0001-18

STATE REGISTER:

299.003.106.115

 

 

SHARE CAPITAL:

R$ 218.511.674,16

LAST REGISTER OF CAPITAL:

08/02/2012

 

BOARD OF DIRECTORS:

 

 

 

FERNANDO DE CASTRO MARQUES

PRESIDENT DIRECTOR

FRANCISCO FERDINANDO LOPES

DIRECTOR

RONALDO VALENTINI

DIRECTOR

 

 

AUTHORIZED USE OF SIGNATURE

 

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

 

SHAREHOLDERS / PARTNERS:

 

 

 

ROBFERMA ADM E PARTICIPAÇÕES LTDA

49,246665%

PROPARTS INVESTIMENTOS E PARTICIPAÇÕES LTDA

15,644044%

PROVA PARTICIPAÇÕES LTDA

15,763829%

MJP ADM E PARTICIPAÇÕES LTDA

11,380611%

CLEIDE MARQUES PINTO

3,982426%

CLEITA DE CASTRO MARQUES

3,982426%

 

AFFILIATES / SUBSIDIARIES:

 

 

 

ARTPACK EMBALAGENS LTDA

82,00%

BIOLAB SANUS FARMACÊUTICA LTDA

 

AGENER UNJIÃO DISTRIB. DE MEDICAMENTOS LTDA

 

SINTEFINA INDUSTRIA E COMERCIO LTDA

 

AGROPECUÁRIA MARTONA LTDA

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON NOVEMBER 27, 1936 AS LABORATÓRIO PRATA LTDA. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON MARCH 31, 1980 IT ADOPTED THE ABOVE MENTIONED REGISTERED NAME.

 

THE INFORMED NAME "URSULA CRISTINA FAVALE" REFERS TO A PERSON WHO WORKS AT THE IMPORTS DEPARTMENT. THE CORRECT COMPANY'S NAME IS DESCRIBED AT THE CAPTION.

 

DIRECTORS:

 

FERNANDO DE CASTRO MARQUES: BRAZILIAN, HOLDER OF DOCUMENTS CPF 662.966.768-91 AND RG 6.710.720-5, RESIDENTIAL ADDRESS AT AVENIDA JANDIRA, 610, APTO 102, ZIP CODE 04048-004, SÃO PAULO/SP;

 

FRANCISCO FERDINANDO LOPES: BRAZILIAN, HOLDER OF DOCUMENTS CPF 521.195.058-53 AND RG 5.779.755-9, RESIDENTIAL ADDRESS AT AVENIDA CAFÉ, 277, T.B. 7AD C.703, VILA GUARANI, ZIP CODE 04311-900, SÃO PAULO/SP;

 

RONALDO VALENTINI: BRAZILIAN, HOLDER OF DOCUMENTS CPF 521.394.418-34 AND RG 4.702.989-4, RESIDENTIAL ADDRESS AT RUA COMENDADOR ELIAS ZARZUR, 568 CS 5, ALTO DA BOA VISTA, ZIP CODE 04736-001, SÃO PAULO/SP.

 

THE COMPANY OPERATES WITH THE TRADE NAME UNIÃO QUÍMICA.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. ALEXANDRE, ACCOUNTING 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.

 

EM 16 DE DEZEMBRO DE 2011, A EMPRESA INCORPOROU A TECNOPEC CONSULTORIA, COMERCIO E REPRESENTAÇÃO LTDA., PASSANDO A SUCEDÊ-LA EM TODOS OS SEUS DIREITOS, DEVERES E OBRIGAÇÕES.

 

PUBLIC RECORDS INFORMATION:

 

PROTESTS:

 

19  PROTESTS,TOTAL AMOUNT R$ 46.709,98

    DATE OF FIRST PROTEST: JANUARY/2012  R$ 410,00

    DATE OF HIGHEST PROTEST: MARCH/2012  R$ 22.265,50

 

DETAILS OF LATEST PROTESTS:

 

NOTARY OFFICE:

DATE:

VALUE:

5º CARTORIO DE SP-SÃO PAULO

27/03/2012

R$ 1.158,64

9º CARTORIO DE SP-SÃO PAULO

26/03/2012

R$ 1.340,00

9º CARTORIO DE SP-SÃO PAULO

28/03/2012

R$ 1.403,00

1º CARTORIO DE SP-ITAPECERICA DA SERRA

27/03/2012

R$ 317,24

9º CARTÓRIO DE DF-GAMA

30/03/2012

R$ 600,52

 

LAWSUITS:

 

 

 

DATE:

COURT OF LAW:

 

3

STATE LAWSUITS

14/03/12

VARA DE SP-EMBU GUAÇU

1

FEDERAL LAWSUIT

06/03/12

VARA DE SP-EMBU GUAÇU

8

MUNICIPAL LAWSUITS

14/12/11

VARA DE SP-PRAIA GRANDE

1

EXECUTIVE LAWSUIT

29/09/11

2ª VARA DE SP-SP-JABAQUARA

 

(RESEARCH DATE: 10/04/2012)

 

 

FINANCIAL INFORMATION

 

GENERAL BALANCE SHEETS AS OF 31/12/2011, 31/12/2010 AND 31/12/2009.

( FIGURES ARE IN THOUSANDS OF REAIS ).

 

ASSETS

 

 

 

CURRENT:

31/12/2011

31/12/2010

31/12/2009

 

 

 

 

CASH AND BANKS

7.247

9.809

20.728

CLIENTS

130.048

115.652

81.049

INVENTORY

88.200

54.113

61.442

RECOVERABLE TAXES

3.170

3.910

8.156

MARKETABLE SECURITIES

18.429

 

 

PREPAID EXPENSES

244

563

370

OTHER CREDITS

9.596

2.779

5.938

 

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

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

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

TOTAL CURRENT ASSETS

256.934

186.826

177.683

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

RECOVERABLE TAXES

2.964

2.964

2.929

INVESTMENTS

3.770

1.705

1.051

JUDICIAL DEPOSITS

4.037

3.329

2.951

INTERCOMPANY CREDITS

14.728

11.965

11.947

OTHER CREDITS

3.584

3.584

3.584

DEFERRED TAXES

104

104

8.996

 

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

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

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

TOTAL LONG-TERM RECEIVABLES

29.187

23.651

31.458

 

FIXED ASSETS:

 

 

 

 

 

 

 

INVESTMENTS

 

11.611

4.678

FIXED ASSETS

174.217

168.670

153.410

INTANGIBLE

48.961

39.770

39.389

DEFERRED

1.010

1.244

1.478

 

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

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

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

TOTAL FIXED ASSETS

224.188

221.295

198.955

 

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

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

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

TOTAL ASSETS

510.309

431.772

408.096

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2011

31/12/2010

31/12/2009

 

 

 

 

SUPPLIERS

13.837

12.937

21.642

FOREIGN SUPPLIERS

6.954

3.518

3.216

LOANS AND FINANCING

20.900

77.803

50.563

TRIBUTARY OBLIGATIONS

20.704

16.946

15.792

INCOME TAX/SOCIAL CONTRIBUTION

210

 

 

INTERESTS ON OWN CAPITAL

1.679

2.765

225

OTHER DEBTS

4.057

3.553

3.172

 

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

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

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

TOTAL CURRENT LIABILITIES

68.341

117.522

94.610

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

LOANS AND FINANCING

162.022

81.594

97.707

PROVISION FOR CONTINGENCIES

10.640

10.109

9.520

RELATED COMPANIES

12.208

9.132

9.132

DEFERRED TAXES

 

 

4.432

TRIBUTARY OBLIGATIONS

7.128

 

 

 

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

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

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

TOTAL LONG TERM LIABILITIES

191.998

100.835

120.791

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

198.288

198.288

197.509

CAPITAL RESERVES

1.680

1.680

1.680

PROFIT RESERVES

38.024

12.734

 

ACCRUED PROFIT (LOSS)

 

 

-5.290

UNPAID CAPITAL

 

 

-1.204

LEGAL RESERVES

2.129

713

 

RESOURCE/INCREASE CAPITAL

9.849

 

 

 

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

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

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

TOTAL NET EQUITY

249.970

213.415

192.695

 

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

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

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

TOTAL LIABILITIES

510.309

431.772

408.096

 

PROFIT AND LOSS ACCOUNTS AS OF 31/12/2011, 31/12/2010 AND 31/12/2009.

( FIGURES ARE IN THOUSANDS OF REAIS ).

 

 

31/12/2011

31/12/2010

31/12/2009

 

 

 

 

GROSS SALES

474.091

431.135

369.753

(-) TAXES ON SALES

79.803

65.590

49.302

 

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

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

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

NET SALES

394.288

365.545

320.451

(-) COST OF SOLD GOODS

164.927

184.479

164.497

 

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

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

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

GROSS PROFIT

229.361

181.066

155.954

OPERATING REVENUE (EXPENSE)

-168.119

-139.430

-140.666

FINANCIAL REVENUE(EXPENSE)

-23.950

-10.618

18.816

 

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

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

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

OPERATIONAL PROFIT (LOSS)

37.292

31.018

34.104

CONTRIBUTION/INCOME TAX

-8.972

-11.468

-1.781

 

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

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

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

NET PROFIT (LOSS)

28.320

19.550

32.323

 

RATIOS:

31/12/2011

31/12/2010

31/12/2009

 

QUICK RATIO

2,47

 

1,13

 

1,23

 

CURRENT RATIO

3,76

 

1,59

 

1,88

 

ACCOUNTS RECEIVABLE TURNOVER

3,03

TIMES

3,16

TIMES

3,95

TIMES

DAYS' SALES IN RECEIVABLES

118,74

DAYS

113,90

DAYS

91,05

DAYS

INVENTORY TURNOVER

1,87

TIMES

3,41

TIMES

2,68

TIMES

ACCOUNTS PAYABLE PERIOD

30,20

DAYS

25,25

DAYS

47,36

DAYS

RETURN ON ASSETS

,77

TIMES

,85

TIMES

,79

TIMES

SALES TURNOVER ON NET EQUITY

1,58

TIMES

1,71

TIMES

1,66

TIMES

NET WORTH TIE-UP

,70

 

,79

 

,80

 

INDEBTEDNESS

1,04

 

1,02

 

1,12

 

EQUITY RATIO

48,98

%

49,43

%

47,22

%

WORKING CAPITAL RATIO

275,96

%

58,97

%

87,81

%

GENERAL SOLVENCY

1,96

 

1,98

 

1,89

 

RETURN ON NET EQUITY

11,33

%

9,16

%

16,77

%

RETURN ON SALES (PROFIT MARGIN)

7,18

%

5,35

%

10,09

%

GROSS PROFIT MARGIN

58,17

%

49,53

%

48,67

%

OPERATIONAL RESULT

9,46

%

8,49

%

10,64

%

SALES TURNOVER ON LIABILITIES

5,77

TIMES

3,11

TIMES

3,39

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 1,83

 - OFFICIAL RATE ON 10/04/2012

US$ 1,00 = R$ 1,87

 - OFFICIAL RATE ON 31/12/2011

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 AVAILABLE SHOW A NORMAL FINANCIAL STANDING. DESPITE THE HIGH LEVEL OF INDEBTEDNESS IT SHOWS GOOD LIQUIDITY RATIOS WITH POSITIVE WORKING CAPITAL. IN ADDITION, IT IS NOTED GROWING SALES PROFITABILITY.

 

THE COMPANY HAS A HIGH FINANCIAL POWER AND OPERATES WITH PROFITABLE RESULTS.

 

REAL ESTATE:

 

 OWNED PREMISES ARE VALUED AT R$ 94.565.000,00

 

VEHICLES:

 

  OWNED VEHICLES ARE VALUED AT R$ 10.979.000,00

 

MACHINES:

 

 OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 59.366.000,00

 

 

INSURANCE

 

AS OF DECEMBER 31, 2011 THE COMPANY HAD THE FOLLOWING INSURANCE COVERAGE:

 

COVERAGE:

OPERATIONAL RISKS, INCLUDING FIRE ON INVENTORY AND FIXED ASSETS

VALUE:

R$ 161.000,00

 

 

COVERAGE:

LAND TRANSPORT

VALUE:

R$ 467.000,00

 

 

COVERAGE:

AIRCRAFTS

REMARKS:

US$ 5.770.000

 

 

COVERAGE:

VEHICLES AND CIVIL LIABILITY

REMARKS:

MARKET VALUE

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

CITY:

BANCO DO BRASIL S/A

3132-1 / 11 2128-7189

SÃO PAULO/SP

BANCO ITAU BBA S/A

0150 / 11 3708-8558

SÃO PAULO/SP

BANCO ITAUBANK S/A

0002 / 11 3398-6053

SÃO PAULO/SP

BANCO SAFRA S/A

0018 / 11 3178-2205

SÃO PAULO/SP

BANCO REAL (SANTANDER) S/A

0689 / 11 3174-2829

SÃO PAULO/SP

BANCO REAL (SANTANDER) S/A

0255-1 / 35 3422-1000

POUSO ALEGRE/MG

 

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, SALE, IMPORT AND EXPORT OF CHEMICALS AND PHARMACEUTICAL PRODUCTS FOR HUMAN AND VETERINARY USAGE.

 

 

IMPORT AND EXPORT:

 

IMPORTS FROM:

 

SWITZERLAND, AUSTRIA AND FRANCE.

 

EXPORTS TO:

JAPAN.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

CITY:

TELEPHONE:

AGENER UNIÃO DISTRIBUIDORA DE MEDICAMENTOS LTDA

 

 

ALFA LOG COM. SERVIÇOS LTDA

VITÓRIA/ES

27 2124-4900

ARTACK EMBALAGENS LTDA

 

 

BIOLAB SANUS FARMACEUTICA LTDA

 

 

DISTRIBUIDORA DE MEDICAMENTOS STA CRUZ LTDA

OSASCO/SP

11 3040-7500

DISTRIBUIDORA FARMACEÚTICA PANARELLO LTDA

GOIÀNIA/GO

62  257-7162

GENESIO A. MENDES E CIA LTDA

TUBARÃO/SC

48  621-8000

PREFEITURA MUNICIPAL DO RIO DE JANEIRO

RIO DE JANEIRO/RJ

21   34-6240

SAGRA PRODUTOS FARMACEUTICOS

RIBEIRÃO PRETO/SP

16  603-9000

SINTEFINA INDUSTRIA E COMERCIO LTDA

 

 

 

STAFF:

 

THE COMPANY HAS: 1800 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY. IT IS A TRADITIONAL FAMILY-OWNED COMPANY IN ACTIVITIES SINCE 1936 WITH A 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.

 

IN SHORT THE SUBJECT IS AN OLD-ESTABLISHED COMPANY OPERATING WITH AN EXCELLENT TRADE REPUTATION.

 

OUR INVESTIGATION THROUGH THE PUBLIC RECORDS SHOWED SOME DETRIMENTAL FILES REGISTERED AGAINST THE SUBJECT BUT DUE TO THE SUBJECT'S HIGH FINANCIAL STRENGTH AND HIGH SCALE OF OPERATIONS THE DETRIMENTAL FILES DO NOT AFFECT ITS TRADE REPUTATION.

 

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

CITY:

PHONE:

ALCAN PACKAGING DO BRASIL LTDA

DIADEMA/SP

11 4075-6500

BASF S/A

GUARULHOS/SP

11 4343-2248

CIA. INDUSTRIAL DE VIDROS - CIV

VITÓRIA DE SANTO ANTÃO/PE

81 3168-6766

COLORCON DO BRASIL LTDA

COTIA/SP

11 4612-4262

DEGUSSA FLAVORS FR SYST BRASIL LTDA

COSMÓPOLIS/SP

19 6421-8400

EUROFARMA LABORATÓRIOS LTDA

SÃO PAULO/SP

11 5090-8600

FARMACAP INDÚSTRIA E COMÉRCIO LTDA

ITAPECERICA DA SERRA/SP

11 5641-2448

FORLAB CHITEC S/A COMERCIO INTERNACIONAL

RIO DE JANEIRO/RJ

21 3277-0488

MAKENI CHEMICALS LTDA

DIADEMA/SP

11 4360-6433

PEEQFLEX EMBALAGENS LTDA

SÃO PAULO/SP

11 5693-5400

SAINT GOBAIN VIDROS S/A

SÃO PAULO/SP

11 3874-7551

SCHOTT VITROSUL LTDA

EMBÚ/SP

11 4591-0223

THE WEST COMPANY BRASIL LTDA

DIADEMA/SP

11 4055-6062

WHEATON DO BRASIL IND. E COMÉRCIO LTDA

SÃO BERNARDO DO CAMPO/SP

11 4355-1800

 

FOREIGN SUPPLIERS:

COUNTRY:

 

BIOCHEMIE GESELISCHAFT

KUNDL/AUSTRIA

 

RHENOCHEM LDT

BASEL/SWITZERLAND

41/61/281 4888

ROUSSEL UCLAF

PARIS/FRANCE

 

SELECTCHEMIE A.G.

ZURICH/SWITZERLAND

 

 

PAYMENT HISTORY:

 

34 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 823.921,00

 

AMOUNT OF INVOICES PAID: 245

TOTAL OF PROMPT PAYMENTS: 94,7%

TOTAL OF DELAYED PAYMENTS: 5,3%

 

HIGHEST INVOICE: R$ 33.524,00

HIGHEST CREDIT: R$ 33.524,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS:

 

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

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

1

3

R$ 6.068,00

 

 

FINAL OPINION

 

THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY IN BUSINESS SINCE 1936. IT HAS 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.

AN INITIAL CREDIT LIMIT OF US$ 1.500.000,00 MAY BE CONSIDERED. EVEN HIGHER AMOUNTS MAY BE CONSIDERED DEPENDING ON THE NATURE OF THE BUSINESS AND INTEREST OF THE PARTS INVOLVED.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.51.54

UK Pound

1

Rs.81.94

Euro

1

Rs.67.56

 

 

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

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NB

                                       New Business

 

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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.