|
Report Date : |
14.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
LANXESS ELASTÔMEROS DO BRASIL SA |
|
|
|
|
Registered Office : |
Rua Marumbi, 600 Parte - Campos Elíseos 25221-000 - Duque De Caxias/Rj |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
11.02.1977 |
|
|
|
|
Legal Form : |
Privately Held Corporation |
|
|
|
|
Line of Business : |
Manufacture of Petrochemicals and Chemicals. |
|
|
|
|
No. of Employees : |
491 |
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 : |
USD 5.000.000,00 |
|
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 |
LANXESS
ELASTÔMEROS DO BRASIL S/A
|
MAIN ADDRESS: |
RUA MARUMBI, 600 PARTE - CAMPOS ELÍSEOS |
|
ZIP CODE/CITY: |
25221-000 - DUQUE DE CAXIAS/RJ |
|
|
|
|
PHONE: |
21 2677-1241 |
|
FAX: |
21 2677-1241 |
|
E-MAIL: |
carlos.duarte@lanxess.com |
|
WEB SITE: |
www.lanxess.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RODOVIA BR 386 - TABAÍ/CANOAS – KM 419 - VIA DE CONTORNO, 920 -
COMPLEXO BÁSICO - POLO PETROQUÍMICO |
|
ZIP CODE/CITY: |
95853-000 TRIUNFO/RS |
|
PHONE: |
51 2108-3200 |
|
FAX: |
51 2108-3324 |
|
CNPJ: |
29.667.227/0006-81 |
|
|
|
|
ADDRESS: |
RODOVIA BR 101 – KM 99 |
|
ZIP CODE/CITY: |
54510-900 CABO/PE |
|
PHONE: |
81 2119-7300 |
|
|
|
|
ADDRESS: |
RUA MARUMBI, 600 - CAMPOS ELÍSEOS |
|
ZIP CODE/CITY: |
25221-000 DUQUE DE CAXIAS/RJ |
|
THE COMPANY ALSO HAS OTHER BRANCHES LOCATED IN: CABO DE SANTO
AGOSTINHO/PE, DUQUE DA CAXIAS/RJ, RIO DE JANEIRO/RJ, SÃO PAULO/SP, SANTOS/SP
AND TRIUNFO/RS. |
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF PETROCHEMICALS AND CHEMICALS. |
|
LEGAL FORM: |
PRIVATELY
HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
11/02/1977 |
|
REGISTER DATE: |
11/02/1977 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
29.667.227/0001-77 |
|
STATE REGISTER: |
80.192.460 |
|
|
|
|
SHARE CAPITAL: |
R$
555.847.303,56 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
JÖRG SCHNEIDER |
PRESIDENT DIRECTOR |
|
JACQUES LOUIS ALBERT PEREZ |
DIRECTOR |
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
LANXESS INTERNATIONAL HOLDING GMBH |
100% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
PETROFLEX TRADING S.A. |
100,00% |
|
PETROFLEX AMERICA INC. |
100,00% |
|
LANXESS INDÚSTRIA DE PRODUTOS QUÍMICOS E PLÁSTICOS LTDA |
|
|
LANXESS S.A DE C.V. |
|
|
LANXESS HONG KONG LTD. |
|
|
LANXESS INC. |
|
|
LANXESS CORP. |
|
|
LANXESS N.V. |
|
|
LANXESS PTE. LTD |
|
|
LANXESS AG. |
|
|
LANXESS INTERNATIONAL S.A. |
|
|
LANXESS DEUTSCHLAND GMBH. |
|
|
THE SUBJECT WAS ESTABLISHED ON FEBRUARY 11, 1977 AS PETROFLEX
INDÚSTRIA E COMÉRCIO S/A., TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON
FEBRUARY 03, 2009 IT ADOPTED THE ABOVE-MENTIONED NAME. ON OCTOBER 16, 2008, THE CONTROL OF THE COMPANY WAS TRANSFERRED TO
LANXESS INTERNATIONAL HOLDING GMBH. THE PREVIOUS SHAREHOLDER "LANXESS
PARTICIPAÇÕES LTDA" WAS TAKEN OVER BY IN DECEMBER 2008 BY LANXESS
ELASTÔMEROS DO BRASIL S/A. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
PROTESTS: |
|
17 PROTESTS,TOTAL AMOUNT R$
409.919,38 |
|
DATE OF FIRST PROTEST:
DECEMBER/2011 R$ 2.835,00 |
|
DATE OF HIGHEST PROTEST:
JANUARY/2012 R$ 64.328,06 |
|
DETAILS OF LATEST PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
2º CARTÓRIO DE RJ-DUQUE DE CAXIAS |
30/01/2012 |
R$ 56.314,40 |
|
2º CARTÓRIO DE RJ-DUQUE DE CAXIAS |
30/01/2012 |
R$ 3.716,45 |
|
4º CARTÓRIO DE RJ-RIO DE JANEIRO |
30/01/2012 |
R$ 64.328,06 |
|
3º CARTÓRIO DE RJ-RIO DE JANEIRO |
30/01/2012 |
R$ 49.111,23 |
|
2º CARTÓRIO DE RJ-DUQUE DE CAXIAS |
02/02/2012 |
R$ 55.807,75 |
|
GENERAL BALANCE SHEETS AS OF 31/12/2010, 31/12/2009 AND 31/12/2008. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
CASH AND BANKS |
11.685 |
17.508 |
19.513 |
|
INVESTMENTS |
30.145 |
706 |
725 |
|
CLIENTS |
190.423 |
166.531 |
262.335 |
|
INVENTORY |
124.460 |
128.751 |
207.814 |
|
DERIVATIVES OPERATIONS |
8.513 |
|
|
|
RECOVERABLE TAXES |
42.179 |
16.256 |
5.086 |
|
DEFERRED TAXES |
|
51.670 |
71.708 |
|
OTHER |
3.888 |
15.680 |
9.983 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
411.293 |
397.102 |
577.164 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
CREDITS |
161.030 |
86.453 |
36.311 |
|
DEFERRED TAXES |
237.160 |
241.410 |
167.419 |
|
RECOVERABLE TAXES |
31.594 |
27.149 |
37.596 |
|
JUDICIAL DEPOSITS |
21.071 |
15.399 |
7.287 |
|
NOTES RECEIVABLE |
26.136 |
34.006 |
85.978 |
|
OTHER CREDITS |
4.245 |
3.688 |
10.870 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
481.236 |
408.105 |
345.461 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
2.895 |
2.899 |
7.532 |
|
FIXED ASSETS |
284.924 |
274.114 |
303.399 |
|
INTANGIBLE |
2.147 |
5.398 |
10.437 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
289.966 |
282.411 |
321.368 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
1.182.495 |
1.087.618 |
1.243.993 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
LOANS AND FINANCING |
156.270 |
12.815 |
49.759 |
|
SUPPLIERS |
71.143 |
63.184 |
116.840 |
|
TAXES & CONTRIBUTIONS |
10.910 |
7.368 |
10.301 |
|
DIVIDENDS |
5.339 |
|
|
|
PROVISIONS |
63.997 |
53.696 |
74.805 |
|
INTERCOMPANY DEBTS |
1.324 |
1.264 |
40.026 |
|
DERIVATIVES OPERATIONS |
193 |
|
|
|
MUTUAL CONTRACT |
35.611 |
361.815 |
358.455 |
|
DEFERRED TAXES |
|
29.308 |
|
|
OTHER |
4.075 |
4.699 |
5.492 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
348.862 |
534.149 |
655.678 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
5.207 |
10.995 |
30.816 |
|
PROVISIONS |
118.037 |
81.118 |
79.878 |
|
INSTALLMENTS TAXES PAYABLE |
41.768 |
43.864 |
41.378 |
|
PROV./LOSSES IN INVESTMENTS |
2.958 |
3.081 |
|
|
OTHER |
10.660 |
10.283 |
5.462 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
178.630 |
149.341 |
157.534 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
385.992 |
186.880 |
186.880 |
|
CAPITAL RESERVES |
129.558 |
129.558 |
129.556 |
|
PROFIT RESERVES |
158.399 |
141.259 |
137.430 |
|
ACCRUED PROFIT (LOSS) |
|
-30.483 |
|
|
TREASURY SHARES |
-23.086 |
-23.086 |
-23.086 |
|
OTHER COMPREHENSIVE INCOME |
4.140 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
655.003 |
404.128 |
430.780 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
1.182.495 |
1.087.618 |
1.243.992 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2010, 31/12/2009 AND 31/12/2008. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
GROSS SALES |
1.879.796 |
1.187.421 |
1.995.861 |
|
(-) TAXES ON SALES |
374.470 |
217.474 |
403.119 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
1.505.326 |
969.947 |
1.592.742 |
|
(-) COST OF SOLD GOODS |
1.280.121 |
910.947 |
1.240.399 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
225.205 |
59.000 |
352.343 |
|
OPERATING REVENUE (EXPENSE) |
-165.357 |
-111.236 |
-299.763 |
|
FINANCIAL REVENUE(EXPENSE) |
17.594 |
-2.893 |
-22.496 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
77.442 |
-55.129 |
30.084 |
|
CONTRIBUTION/INCOME TAX |
-24.480 |
24.646 |
-7.399 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
52.962 |
-30.483 |
22.685 |
|
RATIOS: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
QUICK RATIO |
,82 |
|
,50 |
|
,56 |
|
|
CURRENT RATIO |
1,18 |
|
,74 |
|
,88 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
7,91 |
TIMES |
5,82 |
TIMES |
6,07 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
45,54 |
DAYS |
61,81 |
DAYS |
59,29 |
DAYS |
|
INVENTORY TURNOVER |
10,29 |
TIMES |
7,08 |
TIMES |
5,97 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
20,01 |
DAYS |
24,97 |
DAYS |
33,91 |
DAYS |
|
RETURN ON ASSETS |
1,27 |
TIMES |
,89 |
TIMES |
1,28 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
2,30 |
TIMES |
2,40 |
TIMES |
3,70 |
TIMES |
|
NET WORTH TIE-UP |
,44 |
|
,68 |
|
,70 |
|
|
INDEBTEDNESS |
,81 |
|
1,69 |
|
1,89 |
|
|
EQUITY RATIO |
55,39 |
% |
37,16 |
% |
34,63 |
% |
|
WORKING CAPITAL RATIO |
17,90 |
% |
-25,66 |
% |
-11,97 |
% |
|
GENERAL SOLVENCY |
2,24 |
|
1,59 |
|
1,53 |
|
|
RETURN ON NET EQUITY |
8,09 |
% |
-7,54 |
% |
5,27 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
3,52 |
% |
-3,14 |
% |
1,42 |
% |
|
GROSS PROFIT MARGIN |
14,96 |
% |
6,08 |
% |
22,12 |
% |
|
OPERATIONAL RESULT |
5,14 |
% |
-5,68 |
% |
1,89 |
% |
|
SALES TURNOVER ON LIABILITIES |
4,32 |
TIMES |
1,82 |
TIMES |
2,43 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,72 |
- OFFICIAL RATE ON 10/02/2012 |
|
US$ 1,00 = R$ 1,66 |
- OFFICIAL RATE ON 31/12/2010 |
|
US$ 1,00 = R$ 1,74 |
- OFFICIAL RATE ON 31/12/2009 |
|
US$ 1,00 = R$ 2,33 |
- OFFICIAL RATE ON 31/12/2008 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A GOOD FINANCIAL STANDING. IT SHOWS GOOD CURRENT
RATIO AND POSITIVE WORKING CAPITAL, AS WELL AS ACCEPTABLE LEVEL OF
INDEBTEDNESS. IT ALSO SHOWS GOOD RECOVERY IN SALES AND MADE PROFIT. IT IS WORTH COMMENTING THAT THE SUBJECT HAS HIGH FINANCIAL POWER AND
BELONGS TO LARGE-SIZED GROUP, THUS IT IS NOT LIKELY TO FACE FINANCIAL
PROBLEMS AS IT MAY COUNT ON THE FINANCIAL SUPPORT OF ITS GROUP. REMARK: ******* THE 2011 BALANCE SHEET IS NOT READY YET. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
53.087.000,00
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 185.627.000,00
|
COVERAGE: |
INVENTORIES AND BUILDINGS - FIRE, RAY AND EXPLOSION |
|
VALUE: |
R$ 1.403.625.000,00 |
|
|
|
|
COVERAGE: |
GENERAL CIVIL LIABILITY |
|
VALUE: |
R$ 43.526.000,00 |
|
|
|
|
COVERAGE: |
CIVIL LIABILITY - DIRECTORS AND MANAGERS |
|
VALUE: |
R$ 17.200.000,00 |
|
|
|
|
COVERAGE: |
TRANSPORTS - ALL RISKS AGAINST LOSS AND DAMAGES TO THE GOODS - IMPORT
AND EXPORT |
|
VALUE: |
R$ 66.000.000,00 |
|
|
|
|
COVERAGE: |
LIFE IN GROUP - DEATH/DISABILITY OF EMPLOYEES AND DIRECTORS |
|
VALUE: |
R$ 927.000,00 |
|
|
BRANCH/PHONE: |
|
|
BANCO BRADESCO S/A |
AG. 0026-4 |
|
|
BANCO ITAÚ S/A |
AG. 0911 |
|
|
BANCO SAFRA S/A |
AG. 0600 |
|
|
BANCO SANTANDER (BRASIL) S/A |
|
|
|
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"). |
|
THE SUBJECT IS A PETROCHEMICAL AND CHEMICAL PRODUCTS. IT MAIN PRODUCT
IS SYNTHETIC RUBBER. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
UNITED STATES, GERMANY AND FRANCE. |
EXPORTS TO:
|
SOUTH AMERICA (12,2%), NORTH AMERICA (10,4%), EUROPE (5,8%),
ASIA/OCEANIA (7,9%) AND AFRICA (0,2%). |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
BRIDGESTONE/FIRESTONE DO BRASIL LTDA |
|
|
|
GOODYEAR DO BRASIL PRODS. BORRACHA |
|
|
|
PIRELLI PNEUS S/A |
|
|
|
PNEUMÁTICOS MICHELIN LTDA |
|
|
|
VIPAL |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 491 EMPLOYEE(S) |
|
THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY IN BUSINESS SINCE
1977. IT HAS A HIGH SCALE OF OPERATIONS AND A HIGH FINANCIAL POWER. 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. 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: |
|
|
|
BRAIDO |
|
|
|
BRASKEM S.A. |
|
|
|
CHEVRON/PHILIPS |
|
|
|
COPESUL - CIA PETROQUÍMICA DO SUL |
|
|
|
DOW/LYONDELL/INNOVA |
|
|
|
PETROQUÍMICA DO NORDESTE S/A |
|
|
|
PQU - PETROQUÍMICA UNIÃO S/A |
|
|
|
RESITEC |
|
|
|
SUZANO QUÍMICA LTDA. |
|
|
|
UNIPAR COMÉRCIO E DISTRIBUIDORA S.A. |
|
|
|
FOREIGN
SUPPLIERS: |
|
|
|
PETROFLEX AMERICA INC. |
|
|
|
PETROFLEX INTERNATIONAL LTD. |
|
|
|
PETROFLEX TRADING S.A. |
|
|
|
PAYMENT HISTORY: |
|
20 SUPPLIERS REPORTED PAYMENTS: |
|
|
TOTAL AMOUNT: R$ 3.348.184,00 |
|
|
|
|
|
AMOUNT OF INVOICES PAID: 100 |
|
|
TOTAL OF PROMPT PAYMENTS: 66,6% |
|
|
TOTAL OF DELAYED PAYMENTS: 33,4% |
|
|
|
|
|
HIGHEST INVOICE: R$ 138.646,00 |
|
|
HIGHEST CREDIT: R$ 197.027,00 |
|
|
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
2 |
4 |
R$ 198.826,74 |
|
THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY. IT HAS A HIGH
SCALE OF OPERATIONS AND A HUGE FINANCIAL POWER. BASED ON THE OVER ALL 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. AN INITIAL CREDIT LIMIT OF USD 5.000.000,00 MAY BE CONSIDERED. EVEN
HIGHER AMOUNTS CAN BE GRANTED DEPENDING ON THE IMPORTANCE OF THE ACTIVITIES
BEING ESTABLISHED WITH THE SUBJECT. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.32 |
|
|
1 |
Rs.77.84 |
|
Euro |
1 |
Rs.65.35 |
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.