|
Report Date : |
09.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
TÊXTIL RENAUXVIEW S/A |
|
|
|
|
Registered Office : |
Rua Centenário, 215 Caixa Postal 15 - Centro 88351-020 - Brusque/Sc |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
30.09.2011 |
|
|
|
|
Date of Incorporation : |
27.04.1925 |
|
|
|
|
Legal Form : |
Publicly Held Corporation |
|
|
|
|
Line of Business : |
Manufacure of Cotton Textiles. |
|
|
|
|
No. of Employees : |
796 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
Not Recommended |
|
Status : |
Poor |
|
Payment Behaviour : |
Slow |
|
Litigation : |
Exist |
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 |
TÊXTIL RENAUXVIEW S/A
|
MAIN ADDRESS: |
RUA CENTENÁRIO, 215 CAIXA POSTAL 15 - CENTRO |
|
ZIP CODE/CITY: |
88351-020 - BRUSQUE/SC |
|
|
|
|
PHONE: |
47 3255-1000 |
|
FAX: |
47 3255-1001 |
|
E-MAIL: |
|
|
WEB SITE: |
www.renauxview.com.br |
|
BRANCHES: |
|
DOES NOT HAVE. |
|
MAIN ACTIVITIES: |
|
MANUFACURE OF COTTON TEXTILES. |
|
LEGAL FORM: |
PUBLICLY
HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
27/04/1925 |
|
REGISTER DATE: |
27/04/1925 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
82.982.075/0001-80 |
|
STATE REGISTER: |
250.067.196 |
|
|
|
|
SHARE CAPITAL: |
R$ 8.186.220,16 |
|
LAST REGISTER OF CAPITAL: |
30/03/2009 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
ARMANDO CESAR HESS DE SOUZA |
PRESIDENT DIRECTOR |
|
MARCIO LUIZ BERTOLDI |
INVESTORS RELATIONS DIRECTOR |
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
D&D PARTICIPAÇÕES LTDA |
60,69% |
|
OTHERS |
39,31% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
RENAUXVIEW LTDA |
99,98% |
|
MARCADA CONSULTORIA EMPRESARIAL LTDA |
|
|
DE BOER ADVOGADOS |
|
|
BREDA PARTICIPAÇÕES LTDA |
|
|
THE SUBJECT WAS FOUNDED BY MR. OTO RENAUX, WITH THE SUPPORT OF THE
TECHNICIAN MR. OTTO NEITSCH. THEY ALSO HAD THE SUPPORT OF MR. FERNANDO DO
BOETGER, MR. ALOYS MORITZ, MR. LUIS STRECKER AND MR. GUILHERME AND GEORG
BOETGER. THEY PROJECTED THE PRODUCTION CENTER TO BE ENGAGED IN THE PRODUCTION
OF A NEW LINE OF TEXTILES AND ESTABLISHED THE COMPANY TÊXTIL RENAUX S.A. IT
WAS A PIONEER COMPANY IN BRAZIL IN THE PRODUCTION OF TEXTILES NAMED "
MADRAS ". THE FOUNDATION OF THE SUBJECT WAS REGISTERED ON 24/04/1925 AS TEXTIL
RENAUX S/A. AT THAT TIME THE COMPANY ALREADY COUNTED ON THE SUPPORT OF MR.
CARLOS RENAUX. ON APRIL 2000, THE COMPANY ADOPTED THE REGISTERED NAME TÊXTIL RENAUX
S.A. ON MAY 29, 2007 IT ALTERED TO ABOVE-MENTIONED NAME AND UP TO DATE IT
IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN. IN NOVEMBER 1924 WAS STARTED THE MOUNTING OF THE FIRST MACHINES AND IN
MARCH 1925 THE PRODUCTION WAS STARTED. THE COMPANY PRODUCED THE TEXTILES
" MADRAS " AND " BAGDAD ". THE FACTORY WAS BUILD AND THE
MACHINES STARTED OPERATING BEFORE THE COMPANY'S REGISTRATION WAS APPROVED,
WHAT ONLY HAPPENED ON MAY 22, 1925. LATELY THE COMPANY HAS BEEN INVESTING IN THE FIELD OF PRODUCTION OF
COTTON YARNS AND RELATED YARNS THAT FURTHER TO BE USED IN ITS OWN PRODUCTION
OF TEXTILES THE COMPANY ALSO TRADES THE SAID PRODUCTS WHICH REPRESENT 40% OF
THE COMPANY'S TOTAL SALES. EXTRAJUDICIAL RECOVERY PLAN: ON MAY 05, 2010
THE COMPANY FILED A VOLUNTARY PETITION BEFORE THE STATE JUSTICE OF THE COURT
OF THE CITY OF BRUSQUE. SUCH PETITION FOR JUDICIAL RECOVERY ENCOMPASES THE
CREDITORS CELESC DISTRIBUIÇÃO S/A AND DEBENTURE HOLDERS REPRESENTED BY THEIR
TRUSTEE PLANNER CORRETORA DE VALORES S/A. ON FEBRURARY 11,
2011 THE JUDGE OF THE COURT OF THE CITY OF BRUSQUE DECIDED THE MATTER, REJECTING
THE JUDICIAL RECOVERY PLAN. ON MARCH 03, 2011 THE COMPANY APPEALED AGAINST
SUCH DECISION. ON AUGUST 09,
2011 THE APPEAL WAS SUBMITTED TO THE COURT OF JUSTICE OF THE STATE OF SANTA
CATARINA, WHERE IT IS HELD FOR JUDGEMENT. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
2 |
EXECUTIVE LAWSUITS |
21/11/08 |
3º VARA DE SC-FLORIANOPOLIS |
|
1 |
FEDERAL LAWSUIT |
12/09/07 |
VARA DE SC-BRUSQUE |
|
GENERAL BALANCE SHEETS AS OF 30/09/2011, 31/12/2010 AND 31/12/2009. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
30/09/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
CASH AND BANKS |
275 |
1.205 |
26 |
|
CLIENTS |
33.719 |
20.606 |
19.418 |
|
INVENTORY |
40.643 |
33.061 |
16.786 |
|
RECOVERABLE TAXES |
1.837 |
1.047 |
909 |
|
ACCOUNTS RECEIVABLE |
4.964 |
7.996 |
2.227 |
|
PRE PAID EXPENSES |
667 |
442 |
225 |
|
ADVANCE TO SUPPLIERS |
|
1.125 |
116 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
82.105 |
65.482 |
39.707 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
JUDICIAL DEPOSITS |
|
2.548 |
2.452 |
|
RECOVERABLE TAXES |
|
3.460 |
3.931 |
|
INTERCOMPANY CREDITS |
428 |
615 |
1.024 |
|
DEFERRED TAXES |
30.908 |
27.618 |
5.816 |
|
OTHER CREDITS |
1.569 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
32.905 |
34.241 |
13.223 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
1 |
30 |
155 |
|
FIXED ASSETS |
130.739 |
120.766 |
52.444 |
|
INTANGIBLE |
1.265 |
983 |
120 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
132.005 |
121.779 |
52.719 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
247.015 |
221.502 |
105.649 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
30/09/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
LOANS AND FINANCING |
67.913 |
63.650 |
40.998 |
|
SUPPLIERS |
16.716 |
10.796 |
10.444 |
|
TAXES & CONTRIBUTIONS |
35.432 |
32.096 |
28.451 |
|
DIVIDENDS |
2 |
2 |
2 |
|
PROVISIONS |
31.750 |
11.105 |
6.327 |
|
DEBENTURES |
|
|
14.508 |
|
LABOR OBLIGATIONS |
28.581 |
18.829 |
10.589 |
|
OTHER DEBTS |
504 |
716 |
155 |
|
COMMISSIONS DUE |
1.387 |
763 |
491 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
182.285 |
137.957 |
111.965 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
1.057 |
1.461 |
3.042 |
|
PROVISIONS |
49 |
49 |
|
|
INTERCOMPANY DEBTS |
69.171 |
58.487 |
38.673 |
|
INSTALLMENTS TAXES PAYABLE |
92.282 |
99.392 |
101.970 |
|
JUDICIAL DEPOSITS |
|
|
2.439 |
|
DEFERRED TAXES |
27.486 |
27.618 |
5.816 |
|
OTHER |
1.420 |
2.396 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
191.465 |
189.403 |
151.940 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
8.186 |
8.186 |
8.186 |
|
REVALUATION RESERVES |
18.742 |
18.193 |
18.715 |
|
PROFIT RESERVES |
571 |
571 |
571 |
|
ACCRUED PROFIT (LOSS) |
-196.613 |
-175.674 |
-185.728 |
|
OTHER COMPREHENSIVE INCOME |
42.379 |
42.866 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
-126.735 |
-105.858 |
-158.256 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
247.015 |
221.502 |
105.649 |
|
PROFIT AND LOSS ACCOUNTS AS OF 30/09/2011, 31/12/2010 AND 31/12/2009. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
30/09/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
GROSS SALES |
112.885 |
107.984 |
102.746 |
|
(-) TAXES ON SALES |
|
|
27.688 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
112.885 |
107.984 |
75.058 |
|
(-) COST OF SOLD GOODS |
83.848 |
78.670 |
59.029 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
29.037 |
29.314 |
16.029 |
|
OPERATING REVENUE (EXPENSE) |
-18.284 |
-21.538 |
-32.256 |
|
FINANCIAL REVENUE(EXPENSE) |
-31.762 |
-26.246 |
-15.900 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
-21.009 |
-18.470 |
-32.127 |
|
CONTRIBUTION/INCOME TAX |
|
|
17.691 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
-21.009 |
-18.470 |
-14.436 |
|
RATIOS: |
30/09/2011 |
31/12/2010 |
31/12/2009 |
|
QUICK RATIO |
,23 |
|
,24 |
|
,20 |
|
|
CURRENT RATIO |
,45 |
|
,47 |
|
,35 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
3,35 |
TIMES |
5,24 |
TIMES |
3,87 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
80,65 |
DAYS |
68,70 |
DAYS |
93,13 |
DAYS |
|
INVENTORY TURNOVER |
2,06 |
TIMES |
2,38 |
TIMES |
3,52 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
53,83 |
DAYS |
49,40 |
DAYS |
63,69 |
DAYS |
|
RETURN ON ASSETS |
,46 |
TIMES |
,49 |
TIMES |
,71 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
-,89 |
TIMES |
-1,02 |
TIMES |
-,47 |
TIMES |
|
NET WORTH TIE-UP |
-1,03 |
|
-1,14 |
|
-,33 |
|
|
INDEBTEDNESS |
-2,95 |
|
-3,09 |
|
-1,67 |
|
|
EQUITY RATIO |
-51,31 |
% |
-47,79 |
% |
-149,79 |
% |
|
WORKING CAPITAL RATIO |
-54,96 |
% |
-52,53 |
% |
-64,54 |
% |
|
GENERAL SOLVENCY |
,66 |
|
,68 |
|
,40 |
|
|
RETURN ON NET EQUITY |
16,58 |
% |
17,45 |
% |
9,12 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
-18,61 |
% |
-17,10 |
% |
-19,23 |
% |
|
GROSS PROFIT MARGIN |
25,72 |
% |
27,15 |
% |
21,36 |
% |
|
OPERATIONAL RESULT |
-18,61 |
% |
-17,10 |
% |
-42,80 |
% |
|
SALES TURNOVER ON LIABILITIES |
,62 |
TIMES |
,78 |
TIMES |
,67 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,73 |
- OFFICIAL RATE ON 05/03/2012 |
|
US$ 1,00 = R$ 1,85 |
- OFFICIAL RATE ON 30/09/2011 |
|
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 ANNUAL FINANCIAL DATA SHOWS AN IRREGULAR FINANCIAL STANDING. THE
INDEBTEDNESS IS VERY HIGH WITH NEGATIVE NET EQUITY AND LIQUIDITY IS SHORT.
DESPITE THE GROWING SALES, LOSS WAS MADE. THE QUARTERLY FIGURES FOR MARCH 2011 SHOW THAT THE INDEBTEDNESS INCREASED
AND THE LIQUIDITY IS POOR. IN ADDITION IT SHOWS GROWING SALES TREND BUT
NEGATIVE RESULT WAS MADE AGAIN. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
87.618.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
764.000,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 38.469.000,00
|
THE INSURANCE POLICY IS BASED ON THE TECHNICAL ORIENTATION OF EXPORTS
AND OF CONFORMITY WITH THE RISK LEVEL INVOLVED, BEING CONSIDERED ADEQUATE TO COVER
POSSIBLE LOSSES IN THE EVENT OF LOSS. |
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO BRADESCO S/A |
47 3351-1900 |
BRUSQUE/SC |
|
BANCO BESC S/A |
47 3351-2000 |
BRUSQUE/SC |
|
BIC BANCO INDL E COMERCIAL S/A |
47 2102-9000 |
BLUMENAU/SC |
|
BANCO SAFRA S/A |
47 2101-7600 |
JOINVILLE/SC |
|
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 TEXTILE INDUSTRY ENGAGED IN THE MANUFACTURE AND SALE
OF TEXTILES, YARNS AND OTHER COTTON TEXTILES. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
PARAGUAY, BELGIUM, ARGENTINA AND JAPAN. |
EXPORTS TO:
|
MERCOSUR, PERU, BOLIVIA, MEXICO, COLOMBIA, PORTUGAL AND ITALY. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
CITY: |
|
|
BENEX BENEFICIAMENTO TÊXTIL LTDA |
INDAIAL/SC |
|
|
BUETTNER S/A IND E COMERCIO |
BRUSQUE/SC |
|
|
K & R CONFECÇÕES LTDA |
BLUMENAU/SC |
|
|
KARSTEN S/A |
BLUMENAU/SC |
|
|
TOALHAS DIANELLI LTDA ME |
GUABIRUBA/SC |
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 796 EMPLOYEE(S) |
|
THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY IN BUSINESS SINCE 1925.
IT IS A SUBSIDIARY OF CARLOS RENAUX GROUP AN OLD-ESTABLISHED AND LARGE SIZED
INDUSTRIAL GROUP. SO FAR IT IS NOTED CLEAR TRADE HISTORY AND GOOD PAYMENT
BEHAVIOUR. 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 LAWSUITS REPORTED ARE NOT RELATED WITH TRADE DEBTS. THEY ARE
RELATED TO TAX DEBTS THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID. AS STATED ABOVE THE COMPANY HAS FILED A VOLUNTARY PETITION FOR
JUDICIAL RECOVERY. HOWEVER, SUCH PETITION IS STILL THE COURTHOUSE FOR
APPRECIATION AS THE INITIAL MOTION WAS DENIED. THE OUTCOME OF THIS PROCEEDING
CANNOT BE FORESEEN BUT COMPANIES WHICH FILE FOR JUDICIAL RECOVERY ARE
UNDERGOING SERIOUS FINANCIAL PROBLEMS. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
CITY: |
PHONE: |
|
ALGOVIN ALGODOEIRA LTDA |
VINHEDO/SP |
19 3886-6586 |
|
CONACENTRO COOP PROD CENTRO OESTE LTDA |
NOVA UBIRATÃ/MT |
67 3345-4800 |
|
HUNTSMAN ADVANCED MATL QUIMICO BRASIL LTDA |
TABOÃO DA SERRA/SP |
11 5532-7418 |
|
PULCRA ESPECIALIDADES QUIMICAS LTDA |
JUNDIAÍ/SP |
11 2133-2531 |
|
UNICOTTON COOP PROD ALGODÃO SUDESTE DO MT |
PRIMAVERA DO LESTE/MT |
66 3497-1057 |
|
PAYMENT HISTORY: |
|
22 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 638.777,00 |
|
|
|
AMOUNT OF INVOICES PAID: 200 |
|
TOTAL OF PROMPT PAYMENTS: 97,5% |
|
TOTAL OF DELAYED PAYMENTS: 2,5% |
|
|
|
HIGHEST INVOICE: R$ 55.212,00 |
|
HIGHEST CREDIT: R$ 55.212,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
2 |
2 |
R$ 1.376,98 |
|
THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY IN BUSINESS SINCE
1925. SO FAR IT HAS AN IRREGULAR FINANCIAL STANDING AND STILL SHOWS CLEAR
TRADE HISTORY. TAKING INTO ACCOUNT THE IRREGULAR FINANCIAL STANDING AND THE JUDICIAL
RECOVERY PROCEEDING THE COMPANY ABOUT TO BE INVOLVED, WE RECOMMEND THAT ANY
KIND OF BUSINESS DEALINGS SHOULD BE CARRIED OUT AT SIGHT OR ADVANCE PAYMENT. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.57 |
|
|
1 |
Rs.79.57 |
|
Euro |
1 |
Rs.66.49 |
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.