MIRA INFORM REPORT

 

 

Report Date :

22.03.2012

 

IDENTIFICATION DETAILS

 

Name :

NUTRON ALIMENTOS LTDA.

 

 

Registered Office :

Rua Roupen Tilkian,77 - Distrito Industrial Hro 13970-970 - Itapira/Sp

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

16.01.1995

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of Prepared Animal Feeds

 

 

No. of Employees :

800

 

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 3.000.000,00

Status :

Satisfactory

Payment Behaviour :

No Complaints

Litigation :

Exists

 

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 

 

NUTRON ALIMENTOS LTDA.

 

 

ADDRESSES

 

MAIN ADDRESS:

RUA ROUPEN TILKIAN,77 - DISTRITO INDUSTRIAL HRO

ZIP CODE/CITY:

13970-970 - ITAPIRA/SP

 

 

PHONE:

19 3813-9000

FAX:

19 3813-9000

E-MAIL:

m.ferreira@nutron.com.br

WEB SITE:

www.nutron.com.br

 

BRANCHES:

 

 

 

ADDRESS:

RODOVIA PR 182, KM 1,5 - TREVO ASSIS PALOTINA

ZIP CODE/CITY:

85906-300 TOLEDO/PR

CNPJ:

01.961.898/0005-50

STATE REGISTER:

418.067.29-29

 

 

REQUESTED ADDRESS:

AVENIDA DR. JOSE BONIFÁCIO COUTINHO NOGUEIRA,150 SALA 602 - JARDIM MADALENA

ZIP CODE/CITY:

13091-611 CAMPINAS/SP

PHONE:

19 2101-5080

CNPJ:

01.961.898/0003-99

STATE REGISTER:

244.637.497.118

 

 

ADDRESS:

RODEIO CHATO, S/N°. MARGENS DA RODOVIA BR 480

ZIP CODE/CITY:

89802-000 CHAPECÓ/SC

CNPJ:

01.961.898/0004-70

STATE REGISTER:

253.904.889

 

 

ADDRESS:

RODOVIA SP 340, KM,152

ZIP CODE/CITY:

13800-000 MOGI MIRIM/SP

CNPJ:

01.961.898/0006-31

STATE REGISTER:

456.128.910.117

 

 

ADDRESS:

QUARTO ANEL VIÁRIO,2700 B - MESSEJANA

ZIP CODE/CITY:

60877-700 FORTALEZA/CE

CNPJ:

01.961.898/0009-84

STATE REGISTER:

06.694.985-8

 

 

ADDRESS:

ALAMEDA A, Nº 175, GALPÃO II - CHÁCARA SÃO PEDRO

ZIP CODE/CITY:

74923-090 APARECIDA DE GOIÂNIA/GO

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF PREPARED ANIMAL FEEDS

 

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

16/01/1995

REGISTER DATE:

16/01/1995

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

01.961.898/0001-27

STATE REGISTER:

374.117.298.113

 

 

SHARE CAPITAL:

R$ 25.825.477,00

LAST REGISTER OF CAPITAL:

08/08/2002

 

BOARD OF DIRECTORS:

 

 

 

CELSO DO AMARAL MELLO JUNIOR

MANAGER

ADRIANO CESAR MARCON

MANAGER

 

 

AUTHORIZED USE OF SIGNATURE

 

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

 

SHAREHOLDERS / PARTNERS:

 

 

 

PROVIMI HOLDING B.V (HOLLAND)

99,99%

PROVIMI B.V (HOLLAND)

0,01%

 

AFFILIATES / SUBSIDIARIES:

 

 

 

NOT AVAILABLE.

 

 

 

COMPANY'S BACKGROUND

 

SUBJECT STARTED-UP ON JANUARY 16, 1995, IN CAMPINAS/SP.

 

FOUNDED BY PROFESSIONALS WITH LONG YEARS OF EXPERIENCE IN THE ANIMAL NOURISHMENT FIELD. THEIR MAIN PROPOSAL WAS TO MEET THE CLIENT'S DEMANDS, WITH EFFICIENT AND ECONOMIC SOLUTIONS.

 

SINCE THE BEGINNING, PRODUCING WITH HIGH QUALITY, THE SUBJECT WENT FROM 235 TONS IN JANUARY UP TO 1080 IN DECEMBER IN THE SAME YEAR WITH ITS SECOND PLANT ALREADY OPERATING IN TOLEDO PR.

 

TAKING ADVANTAGE OF A SPECTACULAR GROWTH THROUGH YEARS AND YEARS, NUTRON, DREW THE ATTENTION OF THE AGRICULTURAL-INDUSTRIAL EUROPEAN GROUP ERIDANIA BÉGHIN-SAY, ONE OF THE WORLD'S TOP 100 COMPANIES, WHICH AUGUST 1997, SUMMED WITH THE SUBJECT.

 

INTEGRATING THE EBS'S ANIMAL NOURISHMENT DIVISION, ONE OF THE LARGEST IN THIS FIELD, THE SUBJECT BEGAN A NEW PHASE OF PROFESSIONAL AND TECHNOLOGICAL CO-OPERATION. IN 1999, HEADED THE "PREMIX" MARKET, WITH A MONTHLY OUTPUT OF 3200 TONS, 12 TIMES MORE THAN THE FIRST MONTH OF ACTIVITY.

 

IN ORDER TO BE ALWAYS READY TO MEET THE CLIENT'S NEEDS AND SERVE THEM WITH READINESS, THE SUBJECT COUNTS ON WITH 02 PLANTS AND AROUND 70 REPRESENTATIVES NATIONWIDE.

 

NUTRON BELONGS TO EBS GROUP, AN AGRICULTURAL-INDUSTRIAL ORGANIZATION, WITH PRESENCE IN SEVERAL EUROPEAN, ASIA AND CENTRAL, NORTH AND SOUTH AMERICA COUNTRIES, WITH OVER 200 COMPANIES AND 5 RESEARCH CENTERS IN THE ANIMAL FIELD.

 

THE POWERFUL INFRASTRUCTURE AND THE DIVERSIFIED KNOW-HOW OF THIS EUROPEAN LEADER IN ANIMAL NOURISHMENT, NOW INCLUDES NUTRON.

 

ON JANUARY 26, 2000, NUTRON HOLDING LTDA, TOOK OVER ITS CONTROLLED NUTRON ALIMENTOS LTDA, ALTERING ITS TAXPAYER'S REGISTRY (CNPJ) FROM 00.310.312.902/0001-63 TO 01.961.898/0001-27 AND CHANGED ITS LEGAL NAME TO NUTRON ALIMENTOS LTDA.

 

THE COMPANY HAS BEEN AWARDED THE ISO 9001 QUALITY CERTIFICATION.

 

PARTNERS:

 

PROVIMI HOLDING B.V (HOLLAND): HEADQUARTERED AT VEERLAN 17-23, 3072 AN ROTTERDAM, HOLLAND, / REGISTRATION # CNPJ 05.717.254/0001-49.

 

PROVIMI B.V (HOLLAND): HEADQUARTERED AT VEERLAN 17-23, 3072 AN ROTTERDAM, HOLLAND, / REGISTRATION # CNPJ 05.717.225/0004-87.

 

FURTHER DETAILS ABOUT THE SUBJECT'S COMPANY ARE SO FAR NOT KNOWN.

 

PUBLIC INFORMATION:

 

LAWSUITS:

 

 

 

DATE:

COURT OF LAW:

 

5

STATE LAWSUITS

24/02/12

VARA DE CAMPINAS/SP

1

MUNICIPAL LAWSUIT

04/12/09

VARA DE CAMPINAS/SP

 

 


FINANCIAL INFORMATION

 

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

2.346

2.179

2.360

SHORT TERM INVESTMENTS

18.647

23

57

CLIENTS

42.024

39.425

37.582

INVENTORY

27.518

24.992

19.592

RECOVERABLE TAXES

1.302

3.942

4.713

PREPAID EXPENSES

502

496

414

OTHER CREDITS

856

1.642

1.598

 

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

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

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

TOTAL CURRENT ASSETS

93.195

72.699

66.316

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

RECOVERABLE TAXES

2.280

20

19

DEFERRED TAXES

6.609

10.380

8.705

 

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

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

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

TOTAL LONG-TERM RECEIVABLES

8.889

10.400

8.724

 

FIXED ASSETS:

 

 

 

 

 

 

 

FIXED ASSETS

42.403

37.785

33.973

INVESTMENTS

1.168

1.169

1.169

 

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

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

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

TOTAL FIXED ASSETS

43.571

38.954

35.142

 

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

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

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

TOTAL ASSETS

145.655

122.053

110.182

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2010

31/12/2009

31/12/2008

 

 

 

 

SUPPLIERS

41.748

33.561

33.445

LOANS AND FINANCING

 

 

1.645

TAXES & CONTRIBUTIONS

439

1.865

4.483

LABOR OBLIGATIONS

1.994

1.086

1.053

PROVISIONS

5.050

3.476

3.286

PROVISION FOR CONTINGENCIES

3.309

3.216

6.380

DIVIDENDS

4.833

2.855

 

LEASING

55

186

 

OTHER DEBTS

10.885

13.324

10.112

 

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

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

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

TOTAL CURRENT LIABILITIES

68.313

59.569

60.404

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

LOANS AND FINANCING

 

122

180

INTERCOMPANY DEBTS

 

 

5.489

INTERESTS ON OWN CAPITAL

 

 

2.357

PROVISION FOR CONTINGENCIES

5.073

3.665

 

RELATED COMPANIES

3.189

3.308

 

 

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

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

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

TOTAL LONG TERM LIABILITIES

8.262

7.095

8.026

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

25.825

25.825

25.825

ADJUSTMENTS

 

 

-2.205

PROFIT (LOSS) OF PERIOD

46.089

38.228

37.531

OTHER

4.120

4.659

4.658

PROFIT SHARING

-6.955

-13.323

-24.058

 

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

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

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

TOTAL NET EQUITY

69.079

55.389

41.751

 

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

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

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

TOTAL LIABILITIES

145.654

122.053

110.181

 

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

519.530

465.029

469.450

(-) TAXES ON SALES

59.829

57.776

57.935

 

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

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

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

NET SALES

459.701

407.253

411.515

(-) COST OF SOLD GOODS

314.794

268.913

277.140

 

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

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

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

GROSS PROFIT

144.907

138.340

134.375

OPERATING REVENUE (EXPENSE)

-67.505

-76.909

-80.277

FINANCIAL REVENUE(EXPENSE)

-5.593

-3.001

-545

 

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

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

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

OPERATIONAL PROFIT (LOSS)

71.809

58.430

53.553

NON-OPERATING RESULT

 

-141

70

CONTRIBUTION/INCOME TAX

-25.720

-20.061

-18.297

INTERESTS ON OWN CAPITAL

2.327

1.823

2.205

 

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

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

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

NET PROFIT (LOSS)

48.416

40.051

37.531

 

MONTHLY SALES

 

  2011

 

 

 

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

 

 

JANUARY

R$ 40.708.282,37

 

 

FEBRUARY

R$ 36.900.040,99

 

 

MARCH

R$ 41.865.532,62

 

 

APRIL

R$ 39.686.924,56

 

 

MAY

R$ 49.481.661,28

 

 

JUNE

R$ 51.860.654,19

 

 

JULY

R$ 48.828.235,37

 

 

AUGUST

R$ 51.064.350,90

 

 

SEPTEMBER

R$ 51.333.037,28

 

 

OCTOBER

 

 

 

NOVEMBER

 

 

 

DECEMBER

 

 

 

TOTAL

R$ 411.728.719,56

 

 

 

RATIOS:

31/12/2010

31/12/2009

31/12/2008

 

QUICK RATIO

,96

 

,80

 

,77

 

CURRENT RATIO

1,36

 

1,22

 

1,10

 

ACCOUNTS RECEIVABLE TURNOVER

10,94

TIMES

10,33

TIMES

10,95

TIMES

DAYS' SALES IN RECEIVABLES

32,91

DAYS

34,85

DAYS

32,88

DAYS

INVENTORY TURNOVER

11,44

TIMES

10,76

TIMES

14,15

TIMES

ACCOUNTS PAYABLE PERIOD

47,74

DAYS

44,93

DAYS

43,44

DAYS

RETURN ON ASSETS

3,16

TIMES

3,34

TIMES

3,73

TIMES

SALES TURNOVER ON NET EQUITY

6,65

TIMES

7,35

TIMES

9,86

TIMES

NET WORTH TIE-UP

,61

 

,68

 

,81

 

INDEBTEDNESS

1,11

 

1,20

 

1,64

 

EQUITY RATIO

47,43

%

45,38

%

37,89

%

WORKING CAPITAL RATIO

36,42

%

22,04

%

9,79

%

GENERAL SOLVENCY

1,90

 

1,83

 

1,61

 

RETURN ON NET EQUITY

70,09

%

72,31

%

89,89

%

RETURN ON SALES (PROFIT MARGIN)

10,53

%

9,83

%

9,12

%

GROSS PROFIT MARGIN

31,52

%

33,97

%

32,65

%

OPERATIONAL RESULT

15,62

%

14,35

%

13,01

%

SALES TURNOVER ON LIABILITIES

6,73

TIMES

6,84

TIMES

6,81

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 1,82

 - OFFICIAL RATE ON 20/03/2012

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 NORMAL FINANCIAL STANDING. THE LEVEL OF INDEBTEDNESS IS SLIGHTLY HIGH BUT IT IS MOST COMPRISED BY TRADE DEBTS. ON THE OTHER HAND IT HAS GOOD CURRENT RATIO AND POSITIVE WORKING CAPITAL, CONSIDERED SUFFICIENT TO COVER THE SHORT TERM DEBTS. FURTHER, IT SHOWS SIGNIFICANT RECOVERY IN SALES AND GOOD PROFIT.

 

THE SUBJECT HAS A GOOD FINANCIAL POWER AND SO FAR NO SIGNS OF FINANCIAL PROBLEMS ARE NOTED.

 

REAL ESTATE:

 

   OWNED PREMISES ARE VALUED AT R$ 781.000,00

 

VEHICLES:

 

   NOT AVAILABLE

 

MACHINES:

 

   NOT AVAILABLE

 

 

INSURANCE

 

NOT AVAILABLE.

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

CITY:

BANCO BRADESCO S/A

0595-9  / 19 3735-9765

CAMPINAS/SP

BANCO ITAU S/A

0546    / 19 3236-3033

CAMPINAS/SP

HSBC BANK BRASIL S/A

1195    / 19 3227-6204

CAMPINAS/SP

BANCO DO BRASIL S/A

1893-7  /  19 3794-9011

 

 

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 PREPARED FEEDS FOR FARM ANIMALS AND PETS, INCLUDING DOGS, CATS, BIRDS, FISH ETC. ANIMAL FEED CONCENTRATED AND FEED SUPPLEMENTS.

 

BALANCED RATIONS         92%

RESALE OF RAW MATERIAL   07%

VETERINARY CONSULTANCY   01%

 

FISH, SWINE, POULTRY, BEEF AND DAIRY CATTLE PRODUCTS:

 

RATION (CORE):

ESSENCIAL

PERFORMA

MAXIMA

 

RATION (PREMIX):

 

VITMIN

VIT

MICROMIN

 

SPECIAL PRODUCTS:

ADSORB

NOTOX

ACTIVEMOS

PHYZYME XP

PHYZYME XP TPT

AVIZYME

 

BEEF CATTLE:

 

SPECIAL PRODUCTS:

NUTRONBEEF INICIAL

NUTRONBEEF CRESCIMENTO

NUTRONBEEF REPRODUÇÃO

NUTRONBEEF CALF

NUTRONBEEF STEER

NUTRONBEEF BACKFAT

NUTRONBEEF TMR 1500 M

NUTRONBEEF GRANO ENTERO

 

DAIRY CATTLE:

 

SPECIAL PRODUCTS:

NUTRONLYT

DRENCH

MAELK

LEITEMIX

LACTAL

MILK SWEET

BOVILAC

 

SWINE:

 

SPECIAL PRODUCTS:

PORCOMEL

AMINOMIX

DEFENSE

DEFENCE PRECISE

PIG GROW

NUTRONLYT

CROMIUM

ENERGY

ZEOTEK

NUTRIHUME

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

CHINA, U.S.A., ARGENTINA, BELGIUM, DENMARK, HOLLAND, SPAIN, INDIA, GERMANY AND SOUTH AFRICA.

 

   EXPORTS TO:

BOLIVIA, SOUTH AFRICA, CHILE, ARGENTINA AND VENEZUELA

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

PHONE:

ASA ALIMENTOS LTDA

 

61 3245-3733

COOP AGROP CASTROLANDA

 

42 3234-8000

COOP DE PROD. CONCORDIA LTDA

 

49 3441-6000

COOP REGIONAL ALFA LTDA

 

49 3321-7146

COOP. AGROINDUSTRIAL COPAGRIL

 

45 3284-1133

COOP. SUINOCULTORES DE ENCANTADO LTDA

 

51 3571-3000

COOP. TRITÍCOLA DE GETÚLIO VARGAS

 

54  337-3300

DIPLOMATA INDL. E COMERCIAL LTDA

 

45  326-2222

GLOBO AVES AVÍCOLA LTDA

 

45  218-2000

VITÓRIA AGROINDUSTRIAL LTDA

 

17  267-9500

 

STAFF:

 

THE COMPANY HAS: 800 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY OPERATING WITH A HIGH SCALE OF ACTIVITIES AND AN EXCELLENT TRADE REPUTATION. IT IS A LEADING COMPANY IN ITS LINE OF BUSINESS AND OPERATES WITH A CLEAR TRADE HISTORY.

 

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. NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUITS DO NOT AFFECT THE COMPANY’S TRADE REPUTATION.

 

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

PHONE:

AGRO QUIMICA MARINGA S/A

 

11 4056-9500

AJINOMOTO BIOLATINA

 

11 5080-6929

BASF S/A

 

11 4343-2618

DEGUSSA S/A

 

11 3146-4100

ELI LILLY DO BRASIL LTDA

 

11 5532-6800

PHIBRO SAÚDE ANIMAL INT. LTDA

 

11 6464-7344

 

PAYMENT HISTORY:

 

20 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 2.233.223,00

 

AMOUNT OF INVOICES PAID: 244

TOTAL OF PROMPT PAYMENTS: 99,6%

TOTAL OF DELAYED PAYMENTS: 0,4%

 

HIGHEST INVOICE: R$ 146.153,00

HIGHEST CREDIT: R$ 146.153,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS:

 

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

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

1

3

R$ 42.510,00

 

 

FINAL OPINION

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY. IT HAS A HIGH SCALE OF ACTIVITIES, A CLEAR TRADE HISTORY AND A GOOD PAYMENT RECORD.

 

BASED ON THE OVERALL 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 3.000.000,00 MAY BE CONSIDERED.

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.50.59

UK Pound

1

Rs.80.34

Euro

1

Rs.67.14

 

 

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%)

 

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.