|
Report Date : |
22.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
SETA SA - EXTRATIVA TANINO DE ACÁCIA |
|
|
|
|
|
|
Registered Office : |
Avenida 1º De Maio, 1109 - Bairro Das Rosas 93600-000 - Estância Velha/Rs |
|
|
|
|
|
|
Country : |
Brazil |
|
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
|
|
Date of Incorporation : |
14.11.1941 |
|
|
|
|
|
|
Legal Form : |
Privately Held Corporation |
|
|
|
|
|
|
Line of Business : |
Manufacture of Chemicals. |
|
|
|
|
|
|
No. of Employees : |
266 |
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 |
|
Payment Behaviour : |
Slow but correct |
|
Litigation : |
-- |
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 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Brazil |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
BRAZIL - ECONOMIC OVERVIEW
Characterized by large and
well-developed agricultural, mining, manufacturing, and service sectors, Brazil's
economy outweighs that of all other South American countries, and Brazil is
expanding its presence in world markets. Since 2003, Brazil has steadily
improved its macroeconomic stability, building up foreign reserves, and
reducing its debt profile by shifting its debt burden toward real denominated
and domestically held instruments. In 2008, Brazil became a net external
creditor and two ratings agencies awarded investment grade status to its debt.
After strong growth in 2007 and 2008, the onset of the global financial crisis
hit Brazil in 2008. Brazil experienced two quarters of recession, as global
demand for Brazil's commodity-based exports dwindled and external credit dried
up. However, Brazil was one of the first emerging markets to begin a recovery.
In 2010, consumer and investor confidence revived and GDP growth reached 7.5%,
the highest growth rate in the past 25 years. Rising inflation led the
authorities to take measures to cool the economy; these actions and the
deteriorating international economic situation slowed growth to 2.7% for 2011
as a whole, though forecasts for 2012 growth are somewhat higher. Despite
slower growth in 2011, Brazil overtook the United Kingdom as the world's
seventh largest economy in terms of GDP. Urban unemployment is at the historic
low of 4.7% (December 2011), and Brazil's traditionally high level of income
inequality has declined for each of the last 12 years. Brazil's high interest
rates make it an attractive destination for foreign investors. Large capital
inflows over the past several years have contributed to the appreciation of the
currency, hurting the competitiveness of Brazilian manufacturing and leading
the government to intervene in foreign exchanges markets and raise taxes on
some foreign capital inflows. President Dilma ROUSSEFF has retained the
previous administration's commitment to inflation targeting by the central
bank, a floating exchange rate, and fiscal restraint.
Source
: CIA
SETA S/A -
EXTRATIVA TANINO DE ACÁCIA
|
MAIN ADDRESS: |
AVENIDA 1º DE MAIO, 1109 - BAIRRO DAS ROSAS |
|
ZIP CODE/CITY: |
93600-000 - ESTÂNCIA VELHA/RS |
|
|
|
|
PHONE: |
51 3561-2233 |
|
FAX: |
51 3561-2424 / 51 3561-2366 |
|
E-MAIL: |
teresa.ribas@seta-sa.com.br |
|
WEB SITE: |
www.seta-sa.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA RUDOLFO SCHMELLING, 163 - CAIEIRA |
|
ZIP CODE/CITY: |
95860-000 TAQUARI/RS |
|
PHONE: |
51 3653-1155 |
|
CNPJ: |
89.717.268/0002-33 |
|
STATE REGISTER: |
142/0005879 |
|
|
|
|
ADDRESS: |
AV 1º DE MAIO, 1171 - RINÇÃO DA SAUDADE |
|
ZIP CODE/CITY: |
93600-000 ESTÂNCIA VELHA/RS |
|
PHONE: |
51 3561-2673 |
|
CNPJ: |
89.717.268/0003-14 |
|
STATE REGISTER: |
042/0014136 |
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF CHEMICALS. |
|
LEGAL FORM: |
PRIVATELY
HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
14/11/1941 |
|
REGISTER DATE: |
12/12/1941 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
89.717.268/0001-52 |
|
STATE REGISTER: |
042/0002502 |
|
|
|
|
SHARE CAPITAL: |
R$ 42.495.194,18 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
CARLOS ALFREDO LEUCK |
PRESIDENT DIRECTOR |
|
ROBERTO LUZ |
DIRECTOR |
|
DIOGO CARLOS LEUCK |
DIRECTOR |
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
SETAPAR S/A |
68,85% |
|
OTHERS |
31,15% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
AGROSETA S/A |
|
|
ACQUAQUIMICA LTDA |
|
|
TOPFIX REPRESENTAÇÕES LTDA |
|
|
CURTIDORA ÁQUILA S/A |
|
|
THE SUBJECT WAS ESTABLISHED ON NOVEMBER 14, 1941 AS S/A EXTRATIVA
TANINO DE ACACIA TO BE ENGAGED IN THE SAID LINE OF BUSINESS. LATER IT ADOPTED
THE ABOVE MENTIONED NAME. ABOUT SETA GROUP: SETA GROUP HAS BEEN LOCATED IN ESTÂNCIA VELHA CITY IN RIO GRANDE DO
SUL STATE IN BRAZIL SINCE ITS FOUNDATION IN 1941. AT THIS PLANT, IT IS CENTERED THE ADMINISTRATION OF THE WHOLE GROUP,
AS WELL AS THE PRODUCTION OF VEGETABLE TANNIN, CHEMICAL SPECIALITIES,
COMMERCIALIZING AND STOCKING OF SETA'S LINE OF PRODUCTS AND ITS PARTNERS. COMPANIES, WHICH BELONG TO THE GROUP ARE: SETA S/A - EXTRATIVA TANINO DE ACÁCIA IS ITS NAME (EXTRACTIVE INDUSTRY
OF TANNIN OF ACACIA), IT PRODUCES TANNIN AND OTHER CHEMICAL PRODUCTS TO
SUPPLY THE LEATHER MARKET. ITS MAIN OFFICE IS LOCATED IN ESTÂNCIA VELHA CITY
IN RIO GRANDE DO SUL STATE (RS) IN BRAZIL. THERE IS A BRANCH IN TAQUARI CITY
IN RIO GRANDE DO SUL STATE. MITA LTDA., A JOINT VENTURE COMPOSED OF SETAPAR AND MITSUBISHI
CORPORATION, CIA THAT PRODUCES WOODCHIPS TO THE CELLULOSE WORLDWIDE
INTERNATIONAL MARKET. ACQUAQUÍMICA LTD. PRODUCES CHEMICAL SPECIALTIES BASED ON TANNIN TO
SEVERAL INDUSTRIAL SEGMENTS. RIVER CHIMICA INDUSTRIALE S.P.A. MANAGES THE REPRESENTATIVE AND
COMMERCIALIZING MATTERS OF CHEMICAL PRODUCTS. SETAPAR S/A IS THE GROUP'S HOLDING COMPANY. FURTHER DETAILS ARE SO FAR NOT KNOWN. WHEN CONTACTING THE SUBJECT WE INTERVIEWED MISS LURDES, 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 INFORMATION: |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
1 |
FEDERAL LAWSUIT |
12/08/11 |
VARA DE ESTÂNCIA VELHA/RS |
|
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 |
338 |
2.766 |
5.969 |
|
CLIENTS |
15.027 |
18.777 |
17.901 |
|
INVESTMENTS |
14.041 |
549 |
4 |
|
RECOVERABLE TAXES |
493 |
385 |
237 |
|
ADVANCE TO SUPPLIERS |
163 |
261 |
928 |
|
INVENTORY |
6.799 |
4.827 |
6.500 |
|
PREPAID EXPENSES |
31 |
101 |
147 |
|
OTHER CREDITS |
2.062 |
322 |
287 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
38.954 |
27.988 |
31.973 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
JUDICIAL DEPOSITS |
572 |
47 |
495 |
|
INTERCOMPANY CREDITS |
7.828 |
9.967 |
|
|
TRIBUTARY CREDITS |
138 |
176 |
121 |
|
OTHER CREDITS |
244 |
243 |
243 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
8.782 |
10.433 |
859 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
18.652 |
19.089 |
5.536 |
|
FIXED ASSETS |
25.051 |
24.285 |
25.094 |
|
INTANGIBLE |
1.880 |
1.577 |
1.087 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
45.583 |
44.951 |
31.717 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
93.319 |
83.372 |
64.549 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
SUPPLIERS |
2.336 |
1.628 |
1.942 |
|
SOCIAL / LABOR OBLIGATIONS |
1.321 |
1.157 |
1.050 |
|
TRIBUTARY OBLIGATIONS |
2.345 |
1.379 |
1.836 |
|
COMMISSIONS DUE |
1.707 |
968 |
1.141 |
|
ADVANCE FROM CLIENTS |
41 |
4 |
27 |
|
SALES FOR FUTURE DELIVERY |
43 |
324 |
|
|
DIVIDENDS |
3.181 |
|
|
|
OTHER DEBTS |
234 |
612 |
1.287 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
11.208 |
6.072 |
7.283 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
10.797 |
10.797 |
71.189 |
|
TRIBUTARY OBLIGATIONS |
12.647 |
14.960 |
15.456 |
|
PROVISION FOR CONTINGENCIES |
1.139 |
1.222 |
|
|
PROV./LOSSES IN INVESTMENTS |
1.952 |
4.261 |
|
|
OTHER |
|
27 |
285 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
26.535 |
31.267 |
86.930 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
42.495 |
19.956 |
15.715 |
|
CAPITAL RESERVES |
|
67.768 |
87 |
|
REVALUATION RESERVES |
3.294 |
3.538 |
7.125 |
|
ACCRUED PROFIT (LOSS) |
9.787 |
-45.229 |
-52.591 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
55.576 |
46.033 |
-29.664 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
93.319 |
83.372 |
64.549 |
|
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 |
64.005 |
60.714 |
57.967 |
|
(-) TAXES ON SALES |
5.087 |
5.036 |
4.799 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
58.918 |
55.678 |
53.168 |
|
(-) COST OF SOLD GOODS |
32.052 |
30.031 |
27.834 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
26.866 |
25.647 |
25.334 |
|
OPERATING REVENUE (EXPENSE) |
-11.785 |
-23.571 |
-14.247 |
|
FINANCIAL REVENUE(EXPENSE) |
-78 |
-10.902 |
-11.389 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
15.003 |
-8.826 |
-302 |
|
CONTRIBUTION/INCOME TAX |
-2.279 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
12.724 |
-8.826 |
-302 |
|
RATIOS: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
QUICK RATIO |
2,87 |
|
3,81 |
|
3,50 |
|
|
CURRENT RATIO |
3,48 |
|
4,61 |
|
4,39 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
3,92 |
TIMES |
2,97 |
TIMES |
2,97 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
91,82 |
DAYS |
121,41 |
DAYS |
121,21 |
DAYS |
|
INVENTORY TURNOVER |
4,71 |
TIMES |
6,22 |
TIMES |
4,28 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
26,24 |
DAYS |
19,52 |
DAYS |
25,12 |
DAYS |
|
RETURN ON ASSETS |
,63 |
TIMES |
,67 |
TIMES |
,82 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
1,06 |
TIMES |
1,21 |
TIMES |
-1,79 |
TIMES |
|
NET WORTH TIE-UP |
,45 |
|
,53 |
|
-,85 |
|
|
INDEBTEDNESS |
,68 |
|
,81 |
|
-3,18 |
|
|
EQUITY RATIO |
59,55 |
% |
55,21 |
% |
-45,96 |
% |
|
WORKING CAPITAL RATIO |
247,56 |
% |
360,94 |
% |
339,01 |
% |
|
GENERAL SOLVENCY |
2,47 |
|
2,23 |
|
,69 |
|
|
RETURN ON NET EQUITY |
22,89 |
% |
-19,17 |
% |
1,02 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
21,60 |
% |
-15,85 |
% |
-,57 |
% |
|
GROSS PROFIT MARGIN |
45,60 |
% |
46,06 |
% |
47,65 |
% |
|
OPERATIONAL RESULT |
25,46 |
% |
-15,85 |
% |
-,57 |
% |
|
SALES TURNOVER ON LIABILITIES |
5,26 |
TIMES |
9,17 |
TIMES |
7,30 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,09 |
- OFFICIAL RATE ON 18/12/2012 |
|
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 SATISFACTORY FINANCIAL STANDING. IT HAS
HIGH LIQUIDITY AND GOOD WORKING CAPITAL, AS WELL AS ACCEPTABLE LEVEL OF
INDEBTEDNESS. IT ALSO SHOWS GROWING SALES AND POSTED PROFIT, REVERSING THE
PRIOR YEAR’S LOSS. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
16.140.000,00
|
DETAIL OF OWNED
REAL ESTATE: |
|
QUANTITY: |
1 |
|
TYPE: |
PLANT |
|
TOTAL AREA: |
39.018,80 SQ MTS |
|
VALUE: |
R$ 11.085.000,00 |
|
ADDRESS: |
ESTÂNCIA VELHA PLANT |
|
|
|
|
QUANTITY: |
1 |
|
TYPE: |
PLANT |
|
TOTAL AREA: |
169.544,98 SQ MTS |
|
VALUE: |
R$ 11.210.900,00 |
|
ADDRESS: |
TAQUARI PLANT |
|
|
|
|
QUANTITY: |
1 |
|
TYPE: |
OTHERS |
|
TOTAL AREA: |
55.540 SQ MTS |
|
VALUE: |
R$ 4.084.700,00 |
|
ADDRESS: |
ESTÂNCIA VELHA PLANT |
|
|
|
|
QUANTITY: |
1 |
|
TYPE: |
OTHERS |
|
TOTAL AREA: |
10.000 SQ MTS |
|
VALUE: |
R$ 1.942.400,00 |
|
ADDRESS: |
ESTÂNCIA VELHA CHEMICAL BRANCH |
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
368.000,00
|
MACHINES: |
NOT AVAILABLE
|
THE COMPANY ADOPTS THE POLICY TO CONRACT INSURANCE COVERAGE FOR ASSETS
SUBJECT TO RISKS BY AMOUNTS CONSIDERED SUFFICIENT TO COVER POSSIBLE LOSES,
CONSIDERING THE NATURE OF ITS ACTIVITY. |
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO ITAÚ S/A |
51 3594-1004 |
NOVO HAMBURGO/RS |
|
BANCO BRADESCO S/A |
51 3594-1132 |
NOVO HAMBURGO/RS |
|
BANCO SANTANDER (BRASIL) S/A |
51 3562-2888 |
ESTÂNCIA VELHA/RS |
|
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"). |
|
SUBJECT IS ENGAGED IN THE MANUFACTURE OF CHEMICALS FOR LEATHER
TANNING. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
ITALY, MEXICO, UNITED STATES, INDIA AND CHINA. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
PHONE: |
|
A.P. MULLER S/A |
|
51 3562-1000 |
|
CURTIDORA NOSSA SENHORA APARECIDA LTDA |
|
35 3531-1775 |
|
INDÚSTRIAS REUNIDAS IRMÃOS SCARABEL LTDA |
|
19 3651-4122 |
|
WYNY DO BRASIL IND. E COM. DE COUROS LTDA |
|
43 3258-3635 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 266 EMPLOYEE(S) |
|
THE SUBJECT IS AN OLD-ESTABLISHED COMPANY, OPERATING SINCE 1966. 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: |
|
PHONE: |
|
ABADIR DISTR. E IMPORT. DE ROLAMENTOS E PEÇAS |
|
1 3477-1650 |
|
DEMUTH MÁQUINAS INDUSTRIAIS LTDA |
|
51 3587-4011 |
|
PEDRAS BRANCAS INDÚSTRIA QUÍMICA LTDA |
|
54 3228-1377 |
|
PAYMENT HISTORY: |
|
6 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 231.184,00 |
|
|
|
AMOUNT OF INVOICES PAID: 71 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 12.012,00 |
|
HIGHEST CREDIT: R$ 21.560,00 |
|
|
|
OUTSTANDING INVOICES DUE WITHIN THE NEXT 60 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
3 |
5 |
R$ 27.570,00 |
|
DUE WITHIN 60 DAYS |
1 |
1 |
R$ 1.675,00 |
|
ALL |
3 |
6 |
R$ 29.245,00 |
|
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. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.08 |
|
|
1 |
Rs.89.53 |
|
Euro |
1 |
Rs.72.77 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.