MIRA INFORM REPORT

 

 

Report Date :

11.05.2012

 

IDENTIFICATION DETAILS

 

Name :

FRESENIUS KABI BRASIL LTDA

 

 

Registered Office :

Avenida Marginal Projetada,1652 Galpao1,2,3,4, E 5 Km Altura Km 21 E 22 Km Rod.Cas - Sitio Tamboré  06.463-400 - Barueri/Sp

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

01.07.1963

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacturing of Pharmaceutical and Hospital Products, As Well As Foodstuffs For Entheral Diet.

 

 

No. of Employees :

966

 

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 :

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 

 

FRESENIUS KABI BRASIL LTDA

 

 

ADDRESSES

 

MAIN ADDRESS:

AVENIDA MARGINAL PROJETADA,1652 GALPAO1,2,3,4, E 5 KM ALTURA KM 21 E 22 KM ROD.CAS - SITIO TAMBORÉ

ZIP CODE/CITY:

06.463-400 - BARUERI/SP

 

 

PHONE:

11 2504-1552

FAX:

11 2504-1552

E-MAIL:

regio.pedroso@fresenius-kabi.com

WEB SITE:

www.fresenius-kabi.com.br

 

BRANCHES:

 

 

 

ADDRESS:

RODOVIA CE 040 - KM,10 S/Nº - JACUNDÁ

ZIP CODE/CITY:

61700-000 AQUIRAZ/CE

PHONE:

85 3421-6700

STATE REGISTER:

06.843.694-7

 

 

ADDRESS:

AVENIDA GOVERNADOR AGAMENON MAGALHÃES,4775 SALAS 103 E 104 - ILHA DO LEITE

ZIP CODE/CITY:

50070-160 RECIFE/PE

 

 

ADDRESS:

RUA GONÇALVES DIAS,229 CONJUNTO 406 - BAIRRO FUNCIONÁRIOS

ZIP CODE/CITY:

30140-090 BELO HORIZONTE/MG

PHONE:

31 3225-9646

 

 

ADDRESS:

RUA AMÉRICO BRASILIENSE,1856 SALAS 21/22 - VILA SEIXAS

ZIP CODE/CITY:

14015-050 RIBEIRÃO PRETO/SP

PHONE:

16 3625-1824

 

 

ADDRESS:

AVENIDA PRESIDENTE FRANKLIN ROOSEVELT,1241 AP 505 S-GE

ZIP CODE/CITY:

90230-002 PORTO ALEGRE/RS

PHONE:

51 3346-1322

 

 

ADDRESS:

RUA VIEIRA BUENO,33 - SÃO CRISTOVÃO

ZIP CODE/CITY:

20920-390 RIO DE JANEIRO/RJ

PHONE:

21 2589-8621

 

 


LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURING OF PHARMACEUTICAL AND HOSPITAL PRODUCTS, AS WELL AS FOODSTUFFS FOR ENTHERAL DIET.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

01/07/1963

REGISTER DATE:

01/07/1963

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

49.324.221/0001-04

STATE REGISTER:

244.021.947.118

 

 

SHARE CAPITAL:

R$ 166.108.112,00

 

BOARD OF DIRECTORS:

 

 

 

GUSTAVO PAGANI

ADM./FINANCIAL DIRECTOR

FRANCISCO JOSE DOS SANTOS BRÁZ DE CASTRO

PRESIDENT DIRECTOR

 

 

AUTHORIZED USE OF SIGNATURE

 

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

 

SHAREHOLDERS / PARTNERS:

 

 

 

FRESENIUS KABI DEUTSCHLAND  MBH

99,99%

ANDREAS SANDEN

0,01%

 

AFFILIATES / SUBSIDIARIES:

 

 

 

LABORATORIES FILAXIS S.A. (ARGENTINA)

 

FRESENIUS KABI ARGENTINA S/A (ARGENTINA)

 

FRESENIUS HEMOCARE BRASIL LTDA. (BRAZIL)

 

FRESENIUS KABI CHILE LTDA. (CHILE)

 

THERAPIA IV LTDA. (CHILE)

 

LAB. SANDERSON S.A. (CHILE)

 

FRESENIUS KABI MÉXICO S.A. DE C.V. (MEXICO)

 

FRESENIUS KABI AUSTRIA GMBH

 

FRESENIUS KABI N.V. (BELGIUM)

 

OTHERS

 

GAN RIO APOIO NUTRICIONAL GANUTRE

 

ZILVETI E SANDEN ADVOGADOS

 

LIPAL PARTICIPAÇÕES LTDA.

 

CAMARA JUNIOR JUNTO A CAMARA DE COM. E IN

 

MEBEA DO BRASIL LTDA.

 

FRESENIUS KABI BRASIL LTDA.

 

DEMAG CRANES / COMPONENTES LTDA.

 

STABILUS LTDA

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON JULY 01, 1963 TO BE ENGAGED IN THE SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN.

PARTNERS AND DIRECTORS:

 

FRESENIUS KABI DEUTSCHLAND  MBH: HEADQUARTERED AT EKSE-KRÖNER-STRASSE 1, BAD HOMBURG, GERMANY, TAXPAYER'S REGISTRATION UNDER 05.547.865/0001-96, REPRESENTED BY ITS ATTORNEY, MR. ANDREAS SANDEN;

 

ANDREAS SANDEN: GERMAN, MARRIED, LAWYER, HOLDER OF DOCUMENTS RG/RNE V 068.266-8 SE/DPMAF/DPF AND CPF: 544.090.715-72, RESIDENTIAL ADDRESS AT SÃO PAULO/SP, WITH OFFICE AT AVENIDA PAULISTA, 1499, 20º. ANDAR, CERQUEIRA CESAR, ZIP CODE 01311-928, SÃO PAULO/SP;

 

PAULO DINIZ COELHO RIBEIRO FERNANDES: PORTUGUESE, MARRIED, ADMINISTRATOR, HOLDER OF DOCUMENTS RG/RNE V222118-Q DEPMAF AND CPF: 054.342.827-36, RESIDENTIAL ADDRESS AT AVENIDA MARGINAL PROJETADA, 1652, ALTURA KM 21/22 DA RODOVIA PRESIDENTE CASTELO BRANCO, GALPÕES 1, 2, 3, 4 E 5, SÍTIO TAMBORÉ, ZIP CODE 06463-400, BARUERI/SP;

 

FRANCISCO JOSE DOS SANTOS BRÁZ DE CASTRO: PORTUGUESE, MARRIED, HOLDER OF DOCUMENTS RG/RNE V365521-C SE/DPF.2/CAS/SP AND CPF: 229.941.958-60, RESIDENTIAL ADDRESS AT AVENIDA MARGINAL PROJETADA, 1652, ALTURA KM 21/22 DA RODOVIA PRESIDENTE CASTELO BRANCO, GALPÕES 1, 2, 3, 4 E 5, SÍTIO TAMBORÉ, ZIP CODE 06463-400, BARUERI/SP.

 

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

 

PUBLIC INFORMATION:

 

PROTESTS:

 

4  PROTESTS,TOTAL AMOUNT R$ 35.876,44

 

DETAILS OF LATEST PROTESTS:

 

NOTARY OFFICE:

DATE:

VALUE:

1º CARTORIO DE BARUERI/SP

15/02/2012

R$ 670,00

1º CARTORIO DE AQUIRAZ/CE

06/12/2011

R$ 73,44

1º CARTORIO DE AQUIRAZ/CE

04/08/2011

R$ 17.566,50

1º CARTORIO DE AQUIRAZ/CE

04/08/2012

R$ 17.566,50

 

 


FINANCIAL INFORMATION

 

GENERAL BALANCE SHEETS AS OF 31/12/2011, 31/12/2010 AND 31/12/2009.

( FIGURES ARE IN REAIS ).

 

ASSETS

 

 

 

CURRENT:

31/12/2011

31/12/2010

31/12/2009

 

 

 

 

CASH AND BANKS

4.863.936,00

4.253.498,00

207.803,00

INVESTMENTS

 

 

1.809.093,00

CLIENTS

71.479.713,00

61.753.001,00

55.575.006,00

INVENTORY

61.353.285,00

51.339.325,00

36.126.456,00

OTHER CREDITS

5.856.213,00

28.534.175,00

20.705.581,00

DEFERRED TAXES

 

11.892.578,00

10.111.863,00

INTERCOMPANY CREDITS

6.777.112,00

4.529.671,00

2.815.356,00

RECOVERABLE TAXES

40.809.161,00

 

 

DERIVATIVES OPERATIONS

762.154,00

 

 

 

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

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

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

TOTAL CURRENT ASSETS

191.901.574,00

162.302.248,00

127.351.158,00

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

INTERCOMPANY CREDITS

4.751.526,00

3.834.156,00

1.930.253,00

TAX BENEFITS

16.665.727,00

14.570.182,00

10.407.250,00

OTHER CREDITS

 

 

1.329.410,00

DEFERRED TAXES

22.641.950,00

5.427.300,00

15.867.012,00

PRE PAID EXPENSES

1.104.488,00

1.218.124,00

 

 

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

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

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

TOTAL LONG-TERM RECEIVABLES

45.163.691,00

25.049.762,00

29.533.925,00

 

FIXED ASSETS:

 

 

 

 

 

 

 

INVESTMENTS

20.003.216,00

16.049.253,00

108.359.338,00

FIXED ASSETS

117.100.806,00

117.525.356,00

12.508.674,00

INTANGIBLE

777.442,00

825.980,00

926.864,00

 

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

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

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

TOTAL FIXED ASSETS

137.881.464,00

134.400.589,00

121.794.876,00

 

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

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

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

TOTAL ASSETS

374.946.729,00

321.752.599,00

278.679.959,00

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2011

31/12/2010

31/12/2009

 

 

 

 

SUPPLIERS

12.194.943,00

11.018.971,00

10.461.903,00

LOANS AND FINANCING

51.594.887,00

29.008.867,00

12.176.733,00

SOCIAL / LABOR OBLIGATIONS

 

 

7.725.996,00

TRIBUTARY OBLIGATIONS

2.389.380,00

4.670.434,00

2.113.728,00

INTERCOMPANY DEBTS

34.431.681,00

29.041.322,00

19.691.771,00

ACCOUNTS PAYABLE

1.393.592,00

 

9.433.276,00

DEFERRED TAXES

 

4.792.525,00

4.017.171,00

INCOME TAX/SOCIAL CONTRIBUTION

 

577.608,00

643.905,00

LABOR PROVISIONS

8.826.971,00

8.986.976,00

 

PROVISIONS

8.787.148,00

12.641.499,00

 

 

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

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

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

TOTAL CURRENT LIABILITIES

119.618.602,00

100.738.202,00

66.264.483,00

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

INTERCOMPANY DEBTS

75.184.662,00

34.836.921,00

40.824.843,00

LOANS AND FINANCING

30.836.175,00

40.888.960,00

37.479.401,00

TAXES AND CONTRIBUTIONS

4.505.456,00

3.993.320,00

4.600.259,00

PROVISION FOR CONTINGENCIES

2.520.991,00

4.004.693,00

3.871.745,00

DEFERRED TAXES

2.574.247,00

 

 

 

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

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

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

TOTAL LONG TERM LIABILITIES

115.621.531,00

83.723.894,00

86.776.248,00

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

166.108.112,00

166.108.112,00

166.108.112,00

CAPITAL RESERVES

854.906,00

854.906,00

854.907,00

ACCRUED PROFIT (LOSS)

-26.143.700,00

-40.372.790,00

-32.186.361,00

PROFIT (LOSS) OF PERIOD

-1.874.878,00

14.229.090,47

-8.186.430,00

OTHER COMPREHENSIVE INCOME

762.154,00

-3.528.814,00

-951.000,00

 

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

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

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

TOTAL NET EQUITY

139.706.594,00

137.290.504,47

125.639.228,00

 

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

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

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

TOTAL LIABILITIES

374.946.727,00

321.752.600,47

278.679.959,00

 

PROFIT AND LOSS ACCOUNTS AS OF 31/12/2011, 31/12/2010 AND 31/12/2009.

( FIGURES ARE IN REAIS ).

 

 

31/12/2011

31/12/2010

31/12/2009

 

 

 

 

GROSS SALES

283.823.806,00

297.522.854,00

239.547.398,00

(-) TAXES ON SALES

46.396.465,00

47.449.877,00

36.581.533,00

 

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

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

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

NET SALES

237.427.341,00

250.072.977,00

202.965.865,00

(-) COST OF SOLD GOODS

167.472.276,00

133.706.886,00

132.809.518,00

 

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

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

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

GROSS PROFIT

69.955.065,00

116.366.091,00

70.156.347,00

OPERATING REVENUE (EXPENSE)

-60.603.641,00

-74.537.488,00

-75.462.575,00

FINANCIAL REVENUE(EXPENSE)

-18.701.137,00

-11.618.944,00

-2.645.301,00

 

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

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

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

OPERATIONAL PROFIT (LOSS)

-9.349.713,00

30.209.659,00

-7.951.529,00

CONTRIBUTION/INCOME TAX

7.474.835,00

-15.980.569,00

-234.900,00

 

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

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

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

NET PROFIT (LOSS)

-1.874.878,00

14.229.090,00

-8.186.429,00

 

RATIOS:

31/12/2011

31/12/2010

31/12/2009

 

QUICK RATIO

1,09

 

1,10

 

1,38

 

CURRENT RATIO

1,60

 

1,61

 

1,92

 

ACCOUNTS RECEIVABLE TURNOVER

3,32

TIMES

4,05

TIMES

3,65

TIMES

DAYS' SALES IN RECEIVABLES

108,38

DAYS

88,90

DAYS

98,57

DAYS

INVENTORY TURNOVER

2,73

TIMES

2,60

TIMES

3,68

TIMES

ACCOUNTS PAYABLE PERIOD

26,21

DAYS

29,67

DAYS

28,36

DAYS

RETURN ON ASSETS

,63

TIMES

,78

TIMES

,73

TIMES

SALES TURNOVER ON NET EQUITY

1,70

TIMES

1,82

TIMES

1,62

TIMES

NET WORTH TIE-UP

,84

 

,86

 

,10

 

INDEBTEDNESS

1,68

 

1,34

 

1,22

 

EQUITY RATIO

37,26

%

42,67

%

45,08

%

WORKING CAPITAL RATIO

60,43

%

61,11

%

92,19

%

GENERAL SOLVENCY

1,59

 

1,74

 

1,82

 

RETURN ON NET EQUITY

-1,34

%

10,36

%

-6,52

%

RETURN ON SALES (PROFIT MARGIN)

-,79

%

5,69

%

-4,03

%

GROSS PROFIT MARGIN

29,46

%

46,53

%

34,57

%

OPERATIONAL RESULT

-3,94

%

12,08

%

-3,92

%

SALES TURNOVER ON LIABILITIES

1,98

TIMES

2,48

TIMES

3,06

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 1,93

 - OFFICIAL RATE ON 08/05/2012

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 ANNUAL FIGURES AVAILABLE SHOW A FAIR FINANCIAL STANDING. IT IS NOTED HIGH LEVEL OF INDEBTEDNESS BUT THE COMPANY KEEPS ON OPERATING WITH GOOD CURRENT RATIO AND POSITIVE WORKING CAPITAL. IN ADDITION IT IS NOTED DROP IN SALES AND ITS HIGH COSTS AND EXPENSES DROVE THE COMPANY TO MAKE NEGATIVE RESULTS.

 

REAL ESTATE:

 

   NOT AVAILABLE

 

VEHICLES:

 

   NOT AVAILABLE

 

MACHINES:

 

   NOT AVAILABLE

 

 

INSURANCE

 

INSURANCE COMPANY:

HANNOVER INTERNATIONAL SEGUROS S/A

COVERAGE:

OPERATIONAL RISKS

EXPIRATION:

01012013

VALUE:

R$ 214.544.000,00

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

CITY:

BANCO DO BRASIL S/A

3360-X / 19 3753-2000

CAMPINAS/SP

BANCO BRADESCO S/A

3389-8 / 19 3735-1233

CAMPINAS/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 MANUFACTURING OF PHARMACEUTICAL AND HOSPITAL PRODUCTS, AS WELL AS FOODSTUFFS FOR ENTHERAL DIET.

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

GERMANY.

 

   EXPORTS TO:

MERCOSUR.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

PHONE:

HOSPITAL DAS CLÍNICAS - FAC. MEDICINA SÃO PAULO

 

11 3069-6000

HOSPITAL DAS CLÍNICAS FAC. MEDICINA  RIBEIRÃO PRETO

 

16 3633-1000

REAL BENEF. SOC. PORTUGUESA DE SÃO PAULO

 

11 3253-5022

 

STAFF:

 

THE COMPANY HAS: 966 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS AN OLD-ESTABLISHED COMPANY, OPERATING SINCE 1963. 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.

 

MOST OF THE SUPPLIERS, WHICH PROVIDED INFORMATION, REPORTED PROMPT PAYMENTS, THUS THE SUBJECT HAS A VERY GOOD TRADE REPUTATION.

 

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 ARE CONSIDERED NORMAL AND DO NOT AFFECT ITS TRADE REPUTATION OR ITS CREDITWORTHINESS.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

CITY:

PHONE:

BRASKEM S/A

SÃO PAULO/SP

11 3576-9107

EMBRAMED IND COM LTDA

 

 

EURO MONEY FOMENTO MERCL LTDA

 

 

KLABIN S/A

JUNDIAÍ/SP

11 4588-7090

NEWLAND VEIC LTDA

 

 

PRIMORDIALE FOMENTO MERCL LTDA

 

 

RIGESA DO NORDESTE S/A

PACAJUS/CE

85 3488-8000

 

PAYMENT HISTORY:

 

14 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 100.201,00

 

AMOUNT OF INVOICES PAID: 64

TOTAL OF PROMPT PAYMENTS: 95,5%

TOTAL OF DELAYED PAYMENTS: 4,5%

 

HIGHEST INVOICE: R$ 10.905,00

HIGHEST CREDIT: R$ 10.905,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS:

 

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

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

1

1

R$ 2.155,00

 

FINAL OPINION

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS. UP TO DATE IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOUR.

 

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.53.34

UK Pound

1

Rs.86.11

Euro

1

Rs.69.07

 

 

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%)

 

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.