MIRA
INFORM REPORT
|
Report Date : |
20.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
Unifi Do Brazil Ltda |
|
|
|
|
Registered Office : |
Avenida Alfredo Egidio De Souza Aranha,177 2º Andar - Vila Cruzeiro
04726-170 - São Paulo/Sp |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
28.06.2009 |
|
|
|
|
Date of Incorporation : |
01.03.1999 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of Textiles. |
|
|
|
|
No. of Employees : |
425 |
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 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
UNIFI DO BRASIL LTDA.
ADDRESSES:
|
MAIN ADDRESS: |
AVENIDA ALFREDO EGIDIO DE SOUZA ARANHA,177 2º ANDAR - VILA CRUZEIRO |
|
ZIP CODE/CITY: |
04726-170 - SÃO PAULO/SP |
|
|
|
|
PHONE: |
11 2161-4800 |
|
FAX: |
11 2161-4848 |
|
E-MAIL: |
nilsonfranca@unifi.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
AVENIDA ALBERTO VIEIRA ROMÃO,1717 - DISTRITO INDUSTRIAL |
|
ZIP CODE/CITY: |
37130-000 ALFENAS/MG |
|
PHONE: |
35 3291-5733 |
|
FAX: |
35 3291-5733 |
|
CNPJ: |
030.139.730-00 |
|
STATE REGISTER: |
016198159.00-89 |
|
|
|
|
ADDRESS: |
ALAMEDA RIO BRANCO,238 SALA 52 - CENTRO |
|
ZIP CODE/CITY: |
89010-300 BLUMENAU/SC |
|
PHONE: |
47 3326-1866 |
|
FAX: |
47 3326-4015 |
|
CNPJ: |
03.013.973/0005-87 |
|
STATE REGISTER: |
EXEMPT |
|
|
|
|
ADDRESS: |
RUA 12 DE NOVEMBRO,180 SALA 33 - CENTRO |
|
ZIP CODE/CITY: |
13465-490 AMERICANA/SP |
|
PHONE: |
19 3405-8200 |
|
FAX: |
19 3405-3031 |
|
CNPJ: |
03.013.973/0006-68 |
|
STATE REGISTER: |
EXEMPT |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF TEXTILES. |
|
LEGAL
FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION
DATE: |
01/03/1999 |
|
REGISTER DATE: |
05/03/1999 |
|
BALANCE SHEET
FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR
NUMBER(CNPJ): |
03.013.973/0001-53 |
|
STATE REGISTER: |
115.362.039.112 |
|
|
|
|
SHARE CAPITAL: |
R$
129.719.437,00 |
|
LAST REGISTER OF
CAPITAL: |
01/11/2007 |
|
BOARD OF DIRECTORS:
|
|
|
|
|
|
LUCAS DE CARVALHO ROCHA |
GENERAL DIRECTOR |
|
JOSÉ ANTONIO MARANI |
DIRECTOR |
|
MAURO BARREIRA FERNANDES |
MARKETING DIRECTOR |
|
ALBERTO LINO DOS SANTOS FILHO |
FINANCIAL DIRECTOR |
|
FABIO ALMAS |
DIRECTOR |
AUTHORIZED USE OF SIGNATURE:
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
UNIFI, INC (USA) |
R$ 129.719.436,00 |
|
UNIFI MANUFACTURING, INC. (USA) |
R$ 1,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
NOT AVAILABLE. |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON MARCH 01, 1999 AS UNIF TEXTURED YARNS
SOUTH AMERICA LTDA. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. LATER IT ADOPTED
THE ABOVE MENTIONED NAME AND UP TO DATE IT IS STILL OPERATING WITHIN THE
GENERAL SCENE REPORTED HEREIN. THE COMPANY OPERATES WITH THE TRADE NAME: UNIFI THE UNIFI GROUP: ---------------- FOUNDED IN 1971, UNIFI IS ONE OF THE WORLD'S LARGEST PRODUCERS AND
PROCESSORS OF TEXTURED POLYESTER AND NYLON YARN FOUND IN APPAREL, HOME
FURNISHINGS, AUTOMOTIVE FABRICS, UPHOLSTERY AND LEGWEAR. SINCE THEN, UNIFI
HAS GROWN WELL BEYOND ITS NORTH CAROLINA ROOTS, WITH UNIFI-OWNED OR OPERATED
MANUFACTURING FACILITIES PRODUCING WORLD-CLASS YARN IN SEVEN COUNTRIES ON
FOUR CONTINENTS. THE GROUP HAS OVER 4000 EMPLOYEES. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN INTERVIEWED SOURCES AT THE SUBJECT STATED THAT ARE STILL WAITING
FOR AUTHORIZATION FROM THE PRINCIPALS TO PROVIDE THE DATA NECESSARY TO
COMPLETE THIS REPORT. A REQUEST FOR FURTHER DATA HAS BEEN SENT TO THE COMPANY. PROVIDED THE
DATA REQUESTED ARE RECEIVED FROM THE SUBJECT A COMPLEMENTARY REPORT WILL BE
SENT TO YOUR ATTENTION. 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: |
|
NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL INFORMATION:
|
THE SUBJECT IS A LIMITED LIABILITY COMPANY AND IT IS NOT OBLIGED TO
PUBLISH THE THE SUBJECT IS A LIMITED LIABILITY COMPANY AND IT IS NOT OBLIGED
TO PUBLISH THE BALANCE SHEET INFORMATION. WHEN INTERVIEWED THE SOURCES AT THE
SUBJECT WE WERE INFORMED THAT THEY WOULD NOT PROVIDE ANY FINANCIAL FIGURE PER
POLICY. OUR INVESTIGATION THROUGH THE OUTSIDE SOURCES SHOWED NO FINANCIAL DATA
ABOUT THE SUBJECT. THE DATA AVAILABLE IN OUR FILES
ARE OUTDATED AND WILL BE PRESENTED AS A MATTER OF INTEREST ONLY, IN ORDER TO
PROVIDE A GENERAL IDEA OF THE SUBJECT FINANCIAL STRENGTH. FOLLOWING FIGURES WERE OBTAINED IN THE PARENT COMPANY SEC FILING
INFORMATION. |
FOLLOWING FIGURES WERE OBTAINED IN THE PARENT COMPANY SEC FILING
INFORMATION.
|
|
|
JUNE 28, |
|
|
JUNE 29, |
|
||||
|
|
|
2009 |
|
|
2008 |
|
||||
|
|
|
(AMOUNTS IN USD THOUSANDS, EXCEPT PER SHARE DATA) |
|
|||||||
|
|
|
|
|
|
|
|
|
|
||
|
ASSETS |
||||||||||
|
CURRENT ASSETS: |
|
|
|
|
|
|
|
|
||
|
CASH AND CASH EQUIVALENTS |
|
$ |
42,659 |
|
|
$ |
20,248 |
|
||
|
RECEIVABLES, NET |
|
|
77,810 |
|
|
|
103,272 |
|
||
|
INVENTORIES |
|
|
89,665 |
|
|
|
122,890 |
|
||
|
DEFERRED INCOME TAXES |
|
|
1,223 |
|
|
|
2,357 |
|
||
|
ASSETS HELD FOR SALE |
|
|
1,350 |
|
|
|
4,124 |
|
||
|
RESTRICTED CASH |
|
|
6,477 |
|
|
|
9,314 |
|
||
|
OTHER CURRENT ASSETS |
|
|
5,464 |
|
|
|
3,693 |
|
||
|
|
|
|
|
|
|
|
|
|
||
|
TOTAL CURRENT ASSETS |
|
|
224,648 |
|
|
|
265,898 |
|
||
|
|
|
|
|
|
|
|
|
|
||
|
PROPERTY, PLANT AND EQUIPMENT: |
|
|
|
|
|
|
|
|
||
|
LAND |
|
|
3,489 |
|
|
|
3,696 |
|
||
|
BUILDINGS AND IMPROVEMENTS |
|
|
147,395 |
|
|
|
150,368 |
|
||
|
MACHINERY AND EQUIPMENT |
|
|
542,205 |
|
|
|
622,546 |
|
||
|
OTHER |
|
|
51,164 |
|
|
|
78,714 |
|
||
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
744,253 |
|
|
|
855,324 |
|
||
|
LESS ACCUMULATED DEPRECIATION |
|
|
(583,610 |
) |
|
|
(678,025 |
) |
||
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
160,643 |
|
|
|
177,299 |
|
||
|
INVESTMENTS IN UNCONSOLIDATED AFFILIATES |
|
|
60,051 |
|
|
|
70,562 |
|
||
|
RESTRICTED CASH |
|
|
453 |
|
|
|
26,048 |
|
||
|
GOODWILL |
|
|
— |
|
|
|
18,579 |
|
||
|
INTANGIBLE ASSETS, NET |
|
|
17,603 |
|
|
|
20,386 |
|
||
|
OTHER NONCURRENT ASSETS |
|
|
13,534 |
|
|
|
12,759 |
|
||
|
|
|
|
|
|
|
|
|
|
||
|
|
|
$ |
476,932 |
|
|
$ |
591,531 |
|
||
|
|
||||||||||
|
LIABILITIES AND
SHAREHOLDERS’ EQUITY |
||||||||||
|
CURRENT LIABILITIES: |
|
|
|
|
|
|
|
|
||
|
ACCOUNTS PAYABLE |
|
$ |
26,050 |
|
|
$ |
44,553 |
|
||
|
ACCRUED EXPENSES |
|
|
15,269 |
|
|
|
24,042 |
|
||
|
INCOME TAXES PAYABLE |
|
|
676 |
|
|
|
681 |
|
||
|
CURRENT MATURITIES OF LONG-TERM DEBT AND OTHER CURRENT LIABILITIES |
|
|
6,845 |
|
|
|
9,805 |
|
||
|
|
|
|
|
|
|
|
|
|
||
|
TOTAL CURRENT LIABILITIES |
|
|
48,840 |
|
|
|
79,081 |
|
||
|
|
|
|
|
|
|
|
|
|
||
|
LONG-TERM DEBT AND OTHER LIABILITIES |
|
|
182,707 |
|
|
|
205,855 |
|
||
|
DEFERRED INCOME TAXES |
|
|
416 |
|
|
|
926 |
|
||
|
COMMITMENTS AND CONTINGENCIES |
|
|
|
|
|
|
|
|
||
|
SHAREHOLDERS’ EQUITY: |
|
|
|
|
|
|
|
|
||
|
COMMON STOCK, $0.10 PAR (500,000 SHARES AUTHORIZED, 62,057 AND
60,689 SHARES OUTSTANDING) |
|
|
6,206 |
|
|
|
6,069 |
|
||
|
CAPITAL IN EXCESS OF PAR VALUE |
|
|
30,250 |
|
|
|
25,131 |
|
||
|
RETAINED EARNINGS |
|
|
205,498 |
|
|
|
254,494 |
|
||
|
ACCUMULATED OTHER COMPREHENSIVE INCOME |
|
|
3,015 |
|
|
|
19,975 |
|
||
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
244,969 |
|
|
|
305,669 |
|
||
|
|
|
|
|
|
|
|
|
|
||
|
|
|
$ |
476,932 |
|
|
$ |
591,531 |
|
||
CONSOLIDATED STATEMENTS OF OPERATIONS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FISCAL YEARS ENDED |
|
||||||||||
|
|
|
JUNE 28, |
|
|
JUNE 29, |
|
|
JUNE 24, |
|
||||
|
|
|
2009 |
|
|
2008 |
|
|
2007 |
|
||||
|
|
|
(AMOUNTS IN THOUSANDS, |
|
||||||||||
|
|
|
EXCEPT PER SHARE DATA) |
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SUMMARY OF OPERATIONS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET SALES |
|
$ |
553,663 |
|
|
$ |
713,346 |
|
|
$ |
690,308 |
|
|
|
COST OF SALES |
|
|
525,157 |
|
|
|
662,764 |
|
|
|
651,911 |
|
|
|
RESTRUCTURING CHARGES (RECOVERIES) |
|
|
91 |
|
|
|
4,027 |
|
|
|
(157 |
) |
|
|
WRITE DOWN OF LONG-LIVED ASSETS |
|
|
350 |
|
|
|
2,780 |
|
|
|
16,731 |
|
|
|
GOODWILL IMPAIRMENT |
|
|
18,580 |
|
|
|
— |
|
|
|
— |
|
|
|
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES |
|
|
39,122 |
|
|
|
47,572 |
|
|
|
44,886 |
|
|
|
PROVISION FOR BAD DEBTS |
|
|
2,414 |
|
|
|
214 |
|
|
|
7,174 |
|
|
|
OTHER OPERATING (INCOME) EXPENSE, NET |
|
|
(5,491 |
) |
|
|
(6,427 |
) |
|
|
(2,601 |
) |
|
|
NON-OPERATING (INCOME) EXPENSE: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INTEREST INCOME |
|
|
(2,933 |
) |
|
|
(2,910 |
) |
|
|
(3,187 |
) |
|
|
INTEREST EXPENSE |
|
|
23,152 |
|
|
|
26,056 |
|
|
|
25,518 |
|
|
|
(GAIN) LOSS ON EXTINGUISHMENT OF DEBT |
|
|
(251 |
) |
|
|
— |
|
|
|
25 |
|
|
|
EQUITY IN (EARNINGS) LOSSES OF UNCONSOLIDATED AFFILIATES |
|
|
(3,251 |
) |
|
|
(1,402 |
) |
|
|
4,292 |
|
|
|
WRITE DOWN OF INVESTMENT IN UNCONSOLIDATED AFFILIATES |
|
|
1,483 |
|
|
|
10,998 |
|
|
|
84,742 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES |
|
|
(44,760 |
) |
|
|
(30,326 |
) |
|
|
(139,026 |
) |
|
|
PROVISION (BENEFIT) FOR INCOME TAXES |
|
|
4,301 |
|
|
|
(10,949 |
) |
|
|
(21,769 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LOSS FROM CONTINUING OPERATIONS |
|
|
(49,061 |
) |
|
|
(19,377 |
) |
|
|
(117,257 |
) |
|
|
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX |
|
|
65 |
|
|
|
3,226 |
|
|
|
1,465 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET LOSS |
|
$ |
(48,996 |
) |
|
$ |
(16,151 |
) |
|
$ |
(115,792 |
) |
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,77 |
- OFFICIAL RATE ON 17/01/2012 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
IN THE ABSENCE OF UPDATED FINANCIAL DATA NO COMMENTS CAN BE GRANTED
ABOUT THE SUBJECT'S CURRENT FINANCIAL STANDING. HOWEVER, THE CONSOLIDATED FIGURES AVAILABLE SHOW A SATISFACTORY
FINANCIAL STANDING. IT SHOWS GOOD LIQUIDITY AND LOW LEVEL OF INDEBTEDNESS. HOWEVER,
IT IS NOTED DROP IN SALES AND NEGATIVE RESULT. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
INSURANCE:
|
NOT AVAILABLE. |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO ITAÚ S/A |
0912 |
SÃO PAULO/SP |
|
BANCO SANTANDER S/A |
0271 |
SÃO PAULO/SP |
|
BANCO BRADESCO S/A |
3380-4 |
SÃO PAULO/SP |
|
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
|
SUBJECT IS ENGAGED IN THE MANUFACTURE OF SYNTHETIC AND ARTIFICIAL
THREADS AND FIBERS. |
IMPORT AND EXPORT:
IMPORTS FROM:
|
INDIA AND ARGENTINA. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC CLIENTS: |
CITY: |
PHONE: |
|
AUNDE BRASIL S/A |
POÁ/SP |
11 4636-1711 |
|
BECKAUSER IND. E COM. MALHAS LTDA |
TUBARÃO/SC |
48 3621-0000 |
|
DOHLER S/A |
JOINVILLE/SC |
47 3441-1666 |
|
ITM INDS. TEXTEIS H MILAGRE S/A |
FARROUPILHA/RS |
54 3261-2822 |
|
MENEGOTTI INDL. LTDA |
JARAGUÁ DO SUL/SC |
47 3371-2777 |
|
NEOTEXTIL IND. COM. IMP. EXP. LTDA |
AMERICANA/SP |
11 3879-5392 |
|
PETTENATI S/A INDUSTRIA TEXTIL |
CAXIAS DO SUL/RS |
54 3227-1000 |
|
SARKIS & CIA LTDA |
SÃO PAULO/SP |
11 3611-5511 |
|
SINTERAMA DO BRASIL LTDA |
ALFENAS/MG |
35 3299-1950 |
|
TEXTIL MATEC LTDA |
FRANCO DA ROCHA/SP |
11 2187-7400 |
|
VICUNHA TEXTIL S/A |
FORTALEZA/CE |
85 4008-1444 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 425 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A NEW BUT WELL-ESTABLISHED COMPANY OPERATING SINCE 1999
ONLY. SO FAR NOTHING DETRIMENTAL IS HEARD ABOUT ITS TRADE 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. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
CITY: |
PHONE: |
|
DEICMAR S/A |
SANTOS/SP |
11 3870-2418 |
|
KLABIN FAB. PAPEL CEL. S/A |
JUNDIAÍ/SP |
11 7398-7000 |
|
OERLIKON TEXTILE BRASIL MÁQ. LTDA |
SÃO LEOPOLDO/RS |
51 3579-8500 |
|
SONOCO DO BRASIL LTDA |
ARARAS/SP |
19 3543-8100 |
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
|
|
MANUFACTURA DE FIBRAS SINTÉTICAS |
ARGENTINA |
|
|
RELIANCE INDUSTRIES LIMITED |
INDIA |
|
|
PAYMENT HISTORY: |
|
14 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 228.792,00 |
|
|
|
AMOUNT OF INVOICES PAID: 154 |
|
TOTAL OF PROMPT PAYMENTS: 97,5% |
|
TOTAL OF DELAYED PAYMENTS: 2,5% |
|
|
|
HIGHEST INVOICE: R$ 3.815,00 |
|
HIGHEST CREDIT: R$ 3.815,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
2 |
2 |
R$ 861,57 |
FINAL OPINION:
|
THE SUBJECT IS A NEW BUT WELL-ESTABLISHED COMPANY IN ACTIVITIES SINCE 1999
ONLY. IT IS A SUBSIDIARY OF A LARGE-SIZED US GROUP AND BOTH THE SUBJECT AND
THE GROUP IT BELONGS TO HAVE AN EXCELLENT TRADE REPUTATION. 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. DESPITE THE ABSENCE OF MORE UPDATED FINANCIAL DATA THE SUBJECT IS
STILL CONSIDERED GOOD FOR CREDIT FACILITIES. THE COMPANY BELONGS TO AN
IMPORTANT US GROUP AND HAS A SUCCESSFUL OPERATING HISTORY IN BRAZIL,
THEREFORE, AN INITIAL CREDIT LIMIT OF USD 500,000.00 CAN BE CONSIDERED. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.28 |
|
|
1 |
Rs.77.60 |
|
Euro |
1 |
Rs.64.66 |
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.