MIRA INFORM
REPORT
Preliminary Report
|
Report Date : |
16.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
FRUTOS Y ESPECIAS S.A.C. |
|
|
|
|
Registered Office : |
Av. México 1937, La Victoria, Lima |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.05.2010 |
|
|
|
|
Date of Incorporation : |
01.02.1994 |
|
|
|
|
Com. Reg. No.: |
File 109557 (03.10.94) Entry 00347604 |
|
|
|
|
Legal Form : |
Closely-held Corporation |
|
|
|
|
Line of Business : |
Import and trading
of spices |
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 |
|
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
CORRECT
COMPANY NAME |
:
|
FRUTOS Y ESPECIAS S.A.C. |
|
TRADE
NAME |
:
|
N/A" |
|
TAXPAYER
REGISTRATION |
:
|
RUC 20207845044 |
|
MAIN
ADDRESS |
:
|
Av. México 1937, La Victoria |
|
CITY |
:
|
Lima |
|
DEPARTMENT/STATE |
:
|
Lima |
|
COUNTRY |
:
|
PERU |
|
TELEPHONE |
:
|
4737037/4737552/4737250 |
|
FAX |
:
|
4730276 |
|
WEB
SITE |
:
|
www.frutosyespecias.com.pe |
COMMENTS
.-
Other e-mail:
contador@frutosyespecias.com.pe
INCORPORATION :
1994
LAST CAPITAL : S/.2,040,000.= Nuevos Soles
SHAREHOLDERS ' EQUITY : S/.2,575,892.= Nuevo Sol
(31.12.2008)
SALES :
0.00
BUSINESS TREND :
Stable, unchanged
EMPLOYEES :
63
PAYMENTS : Usually to terms/good
CHIEF EXECUTIVE :
SANTISTEBAN RAMIREZ, PEDRO ROBERTO
Disposition :
TOTAL (Full information and figures).
|
LEGAL
ESTATUS |
:
|
Closely-held Corporation |
|
DATE
OF INCORPORATION |
:
|
01FEB1994 |
|
START
OF OPERATIONS |
:
|
01/02/1994 |
|
REGISTERED
IN |
:
|
Lima |
|
NOTARY
OFFICE |
:
|
César Torres Kruge |
|
DURATION |
:
|
Perpetual |
|
REGISTRATION |
:
|
File 109557 (03.10.94)
Entry 00347604 |
|
INITIAL
CAPITAL |
:
|
S/.10,000.= Nuevos Soles |
|
CURRENT
PAID-IN CAPITAL |
:
|
S/.2,040,000.= Nuevos Soles |
|
LAST
CAPITAL INCREASE |
:
|
December 2003 (latest
reported) |
|
SHAREHOLDERS'
EQUITY |
:
|
S/.2,575,892.= Nuevo Sol
(31.12.2008) |
|
TYPE
OF SHARES |
:
|
Registered |
|
LISTED
AT STOCK EXCHANGE |
:
|
No |
|
SHARE
VALUE |
:
|
S/.1.= Nuevo Sol |
|
CURRENT
EXCHANGE RATE |
:
|
S/.2.79 per USD1.00 |
|
MEMBERSHIP |
:
|
N/A |
COMMENTS
.-
Frutos y Especias is company specialized in the import, distribution
and wholesale of high quality products.
This is the only Peruvian company which has a dried
fruit processing plant in Chile. They
are representatives of the most important suppliers of the world.
The Company was founded on 01.02.1994 under the
name FRUTOS Y ESPECIAS S.A.
Later, it changed its legal status and became a
Closely-held Corporation pursuant to the provisions of the New Business Corporatation Act
(No.26887), hence, it adopted the current name:
FRUTOS Y ESPECIAS S.A.C.
History dates back to 1960, when Don Pedro
Santisteban started selling spices and dried fruit for the first time in the
Wholesale Market No.2 La Victoria, Lima, Peru, being supplied by Chinese
merchants that formed a closed group that supplied the Peruvian market.
In 1968 they started to import a container of
cinnamon, temporarily joined with other retailers and they moved to "La
Parada" wholesale market in Lima downtown. But this alliance did not last
long, so he continued with the imports.
In 1970, he founded
COMPAÑIA DE IMPORTACIONES Y EXPORTACIONES SANTIS S.A. dedicated to wholesaling spices and dried fruits at the
same time. Primarily, he worked with
raisins from the United States, which helps him to understand how the global
market for dried fruit operate.
In 1985, due to the growth of business it became
FRUTOS Y ESPECIAS S.A. That year, his wife joined the Company amd the early
90's (1992), his son Peter Santisteban joined the Group.
In 1995 the volume traded in Chile had grown
exponentially. In 1996 they started operations in Chile as AGRICOLA SANTISFRUT LTDA., they established
an office in Santiago. From there, they carried out exports to Peru and
negotiate with producers and agribusiness plants in Chile. Supply territory
covers II to VII region, mainly the V region.
Between 2000 and 2001, they decided to expand
operations in Chile due to logistical problems because they were not able to
ensure supply and quality of fruit that were received in Peru. At the same
time, due to good results obtained in
previous years they decided to diversify by investing abroad, and Chile offered
a good opportunity.
Thus, in 2001 they bought a plot of land of 5
hectares in Carretera General San Martín S/N Sector Bucalemu, San Felipe -
Chile, where in 2002, they constructed 10,000 m2 of warehouses and 200 m2 for
offices. At the same time, they installed a production line with latest machinery
to process raisins and prunes.
|
FULL
NAMES / COMPANY NAME |
TITLE |
OWNERSHIP
% |
|
SANTISTEBAN RAMIREZ, PEDRO
ROBERTO |
Exec. President/Legal Rep |
80% |
|
SANTISTEBAN ALEJOS, OMAR
PETER |
Managing Director |
|
|
ALEJOS FERNANDEZ, MERCEDES
SATURNA |
Director-Sales Mg/Leg.Rep |
20% |
|
SANTISTEBAN ALEJOS, ROXANA
VIRGINIA |
Director |
|
|
MONTOYA DIAZ, ROBERTO |
Accountant |
|
SANTISTEBAN
RAMIREZ, PEDRO ROBERTO
NATIONALITY : Peruvian
BORN : 29APR1943
DOC OF IDENT. : DNI 07399454
HOME ADDRESS : El Bucare Mz.I-1, Lote 1, La Molina, Lima
TLF : 4378012
CIVIL STATUS : Married to Mercedes Alejos Fernandez
BACKGROUND INFORMATION .-
Tax ID: RUC 10073994549 was issued on December
8th., 1993 to operate as a sole proprietorship.
Registered Office: Calle El Bucare 593, Urb.
Camacho, La Molina (Lima,12)
SANTISTEBAN
ALEJOS, OMAR PETER
NATIONALITY : Peruvian
BORN :
09MAR1970
DOC OF IDENT. : DNI 09399554
PROFESSION : Economist
HOME ADDRESS : Santiago, Chile
BACKGROUND INFORMATION .-
Parents: Pedro Roberto Santisteban Ramirez and
Mercedes Saturna Alejos Fernandez.
Businessman.
He resides in Chile.
Associated
as per our database to :
|
Company |
Position |
Tax.
Reg. |
Country |
|
SOCIEDAD EXPORTADORA SANTIS
FRUIT LTDA. |
|
|
CHILE |
ALEJOS
FERNANDEZ, MERCEDES SATURNA
NATIONALITY : Peruvian
BORN : 29NOV1949
DOC OF IDENT. : DNI 09175861
PROFESSION : Businessman
HOME ADDRESS : El Bucare Mz.I-1, Lote 1, La Molina, Lima
TLF : 4378012
CIVIL STATUS : Married to Pedro Roberto Santisteban Ramirez
SANTISTEBAN
ALEJOS, ROXANA VIRGINIA
NATIONALITY : Peruvian
BORN : 04OCT1973
DOC OF IDENT. : DNI 10060120
BACKGROUND INFORMATION .-
Parents:
Pedro Roberto Santisteban Ramirez y Mercedes Saturna Alejos Fernandez.
|
COMPANY NAME |
COUNTRY |
AX. REG. |
RELATION |
|
BOCADITOS E.I.R.L. |
PERU |
20252849417 |
Related |
|
LA EMPRESA SAC |
PERU |
20100802822 |
Related |
|
SOCIEDAD EXPORTADORA SANTIS
FRUIT LTDA. |
CHILE |
|
Related |
MAIN
ACTIVITY .-
`(cinnamon, cumin, pepper, clove, bay, curry, glutamate
and Chinese condiments); dried fruit (raisins, plums, peaches, apricots, pears,
walnuts, almonds, pecans, etc.).; pulses (lentils, peas, pop corn,
canary-seeds), canned foods, among other.
Trademarks: BABY POP, SANTIS, ARICA, NAKAMITO,
BELLA.
IMPORT : Yes
Argentina,
Brazil, Canada, Chile, China, Ecuador, Germany, India, Indonesia
Madagascar,
Malaysia, Mexico, Poland, Spain, Sri Lanka, Taiwan, Thailand ...
Annual Imports in US$ (CIF) :
Year
Monto
2010 1,935,591.00
2009 20,374,132.00
2008 19,953,296.00
2007 16,286,729.00
2006 8,845,996.00
2005 15,637,568.00
2004 12,756,401.00
2003 11,845,492.00
EXPORT : Yes
Chile
Annual Exports in US$ (FOB) :
Year
Monto
2010 112,970.00
2007 248,200.00
2006 358,468.00
2005 735,432.00
2004 381,600.00
2003 309,056.00
|
%
CASH SALES/METHOD |
:
|
70% |
|
%
CREDIT SALES/TERMS |
:
|
30% (at 15,30 and 45 days) |
|
%
FOREIGN SALES (COUNTRIES) |
:
|
10% |
|
%
DOMESTIC PURCHASES |
:
|
90% |
|
%
FOREIGN PURCHASES |
:
|
Frutos y Especias is company specialized in the import,
distribution and wholesale of high quality products. This is the only Peruvian company which has
a dried fruit processing plant in Chile.
They are representatives of the most important suppliers of the world. |
|
SELLING
TERRITORY |
:
|
90% (domestic market) |
|
EMPLOYEES |
:
|
63 |
LOCATION
.-
|
Premises |
:
|
Rented |
|
Monthly
Amount |
:
|
N/A |
|
Time
Occupied |
:
|
N/A |
|
Area |
:
|
8,000 m2 |
|
Floors |
:
|
2 |
|
Equipment |
:
|
Appropriate for its activities |
|
Condition |
:
|
Good |
|
Use |
:
|
Headquarters, commercial
offices and warehouse |
Remarks and other Premises .-
Premises are owned by the related company LA
EMPRESA S.A.C.
Besides they own a warehouse at Morro de Arica Lt.5
Villa Baja, Chorrillos, with a total land size of 500 m2.
Other Facilities. They are constructing a warehouse
of 10,000 m2, located at Av. Huarochirí 160, Santa Anita, Lima (Lima 43) Own
premises.
COMMENTS .-
The company also imports from Turkey and United
States. Transactions are made via bank transfers and letters of credit.
Main Clients:
- Fábrica de Productos Alimenticios Sibarita SA
- Nestlé Perú SA
- Laive SA
- Industrias Pacocha SA
- Supermercados Peruanos.
- Cencosud S.A.
- Main wholesalers of spices and grains nationwide
The company in Chile is currently under the process
to get the HACCPand SAFE certifications.
Executives of Frutos y Especias have visited main
food fair worldwide, among them: Feria SIAL (France) and ANUGA (Germany).
|
Interviewee(s) |
:
|
Mr. Jorge Taipe |
|
Position(s) |
:
|
Assistant to Manager |
|
Cooperation |
:
|
TOTAL (Full information and
figures). |
|
Information
Provided |
:
|
Mr. Taipe kindly provided
operating information including subsequently an extract of the Interim
Balance Sheet for the period ending as of 31.05.2010 (5 month) expressed in
Nuevos Soles (S/.) We consulted
reliable external sources and official and our files to complete this
report. We also include main accounts
of the Balance Sheet for the Fiscal Years ended as of December 31, 2009,
2008, 2007 and 2006, expressed in Nuevos Soles (S/.). |
INTERIM
BALANCE SHEET
|
BALANCE SHEET DATE |
31MAY2010 |
|
PERIOD |
5 months |
|
EXCHANGE RATE PER US$ |
2.85 |
|
CURRENCY |
Nuevo Sol |
|
ASSETS |
|
|
TOTAL CURRENT |
39,519,582.43 |
|
OTHERS |
2,363,505.72 |
|
TOTAL ASSETS |
41,883,088.15 |
|
LIABILITIES |
|
|
TOTAL CURRENT |
23,573,972.84 |
|
LONG TERM |
11,787,127.00 |
|
SHAREHOLDERS' EQUITY |
|
|
TOTAL
EQUITY |
6,521,988.31 |
|
TOTAL
LIABILITIES |
41,883,088.15 |
|
SALES |
25,566,469.56 |
|
PROFIT(LOSS) |
4,771,962.31 |
RATIO
|
LIQUIDITY RATIO |
1.68 |
(Current Assets/Current
Liabilities) |
|
DEBT-TO-EQUITY RATIO |
27.67 |
(Shareholders's
equity/Current Liabilities %) |
|
PROFITABILITY MARGIN |
18.66 |
(Profits/Sales %) |
|
WORKING CAPITAL |
15,945,609.59 |
(Current Assets - Current
Liabilities) |
BALANCE
SHEET
|
BALANCE SHEET DATE |
31DEC2009 |
31DEC2008 |
31DEC2007 |
31DEC2006 |
|
PERIOD |
12
months |
12
months |
12
months |
12
months |
|
EXCHANGE RATE PER US$ |
2.88 |
3.10 |
2.98 |
3.21 |
|
CURRENCY |
Nuevos
Soles |
Nuevos
Soles |
Nuevos
Soles |
Nuevos
Soles |
|
ASSETS |
|
|
|
|
|
TOTAL CURRENT |
27,145,698.00 |
28,481,181.00 |
32,701,247.00 |
32,177,000.00 |
|
FIXED |
894,707.00 |
1,389,701.00 |
1,105,587.00 |
940,018.00 |
|
OTHERS |
1,389,701.00 |
|
|
|
|
TOTAL ASSETS |
29,430,106.00 |
29,870,882.00 |
33,806,834.00 |
33,117,018.00 |
|
LIABILITIES |
|
|
|
|
|
TOTAL CURRENT |
10,411,903.00 |
15,512,438.00 |
13,431,904.00 |
19,480,765.00 |
|
LONG TERM |
16,405,362.00 |
11,782,552.00 |
18,607,619.00 |
12,382,209.00 |
|
SHAREHOLDERS' EQUITY |
|
|
|
|
|
TOTAL
EQUITY |
2,612,841.00 |
2,575,892.00 |
1,767,311.00 |
1,254,044.00 |
|
TOTAL
LIABILITIES |
29,430,106.00 |
29,870,882.00 |
33,806,834.00 |
33,117,018.00 |
|
SALES |
101,529,524.00 |
96,917,091.00 |
88,147,462.00 |
77,444,197.00 |
|
PROFIT(LOSS) |
550,000.00 |
295,530.00 |
442,479.00 |
356,923.00 |
RATIO
|
LIQUIDITY RATIO |
2.61 |
(Current Assets/Current
Liabilities) |
|
DEBT-TO-EQUITY RATIO |
25.09 |
(Shareholders's
equity/Current Liabilities %) |
|
PROFITABILITY MARGIN |
0.54 |
(Profits/Sales %) |
|
WORKING CAPITAL |
16,733,795.00 |
(Current Assets - Current
Liabilities) |
FINANCIAL
SITUATION : Active
Financial standing as of 31/12/2009 is considered
to be fair as indebtedness level is high and profits are limited at the end of
the Period. However, liquidity ratio is good and working capital is adequate
with a good sales volume that allows them to maintain regular operations.
With regards to the Interim Balance Sheet as of
31.05.2010 (5 months), financial standing is also fair. On that date,
accumulated sales totaled S/:25,566,469.56 Nuevos Soles, sale costs, S/.19,666,328.92 and operating
expenses, S/.1,268,185.76, with profits of 18.66%
On the other side, no negative backgrounds were
found concerning its payment record.
Recent references given by some
suppliers revealed open credit lines as well as credit used for low 5 figures
and low 6 figures in Dollars, paid within the agreed terms.
According to latest report dated 30/08/2010, the
Superintendence of Bank and Insurance - SBS rated it 100% NORMAL because of a
financing for the sum of S/.129,196 Nuevos Soles. No guarantees reported.
PROPERTY
OF THE COMPANY .-
We searched in the Registry of Vehicle Property of
Lima, and found 7 motor vehicles registered under the name FRUTOS Y ESPECIAS
SAC, as follows:
- RQH107 (as shown in the Entry 50096715)
- RIZ097 (as shown in the Entry 51039172)
- XO4151 (as shown in the Entry 51063348)
- XO5276 (as shown in the Entry 50082051)
- XI6129 (as shown in the Entry 50143688)
- PG0069 (as shown in the Entry 50143861)
- RQ6055 (as shown in the Entry 50012058)
INSURANCE
.-
Broker: Otes
Corredores de Seguros.
|
Company |
Againts |
Amount |
Expiration |
|
RIMAC INTERNACIONAL CIA DE
SEGUROS |
All risk |
US$15,000,000 |
US$15,000,000 |
TRADE REFERENCES .-
|
Supplier |
Country |
Tel. |
Line of Credit |
Monthly Average |
Terms(days) |
Perfomance? |
Time |
Products/Services |
|
Café Ricalde S.A.C. |
PERU |
(5184) 282221 |
Open |
US$ 30,000/40,000 |
Check/30 days |
Prompt |
4,5 yrs |
Colorings |
|
Morrison Outsourcing S.A.C. |
PERU |
(511) 2750084 |
N/A |
Not specified |
Cash |
N/A |
2006 |
Services |
|
Aduana y Logística S.A.C. |
PERU |
(511) 5623322 |
N/A |
US$ 20,000/30,000 |
Cash |
No experience |
+ 5 yrs |
Customs clearances |
|
Prunesco S.A. |
CHILE |
(562) 4890000 |
Open |
US$ 300,000.= |
30 days |
Prompt |
2007 |
Prune |
NOTE: Other Suppliers did not
provide information or could not be consulted.
|
Supplier |
Country |
Tel. |
|
Agro Carnes |
PERU |
N/A |
|
Carneiro Mendoica Industrial
e Exportadora Ltd |
PERU |
N/A |
|
H.K. Bio Chemical Ltd. |
PERU |
N/A |
|
Qingdad Shenda Commercial
and Trade Co.Ltd. |
PERU |
N/A |
|
Beagle Agente de Aduana S.A. |
PERU |
(511) 2640155 |
|
Aduamérica Ag. de Aduana |
PERU |
(511) 4290000 |
|
Transcontinental Ag. de
Aduana |
PERU |
(511) 5612290 |
|
Alimentos ATC Ltda. |
BRAZIL |
N/A |
|
Prunesco S.A. |
CHILE |
N/A |
|
Sociedad Exportadora Santis
Frot Ltda. |
CHILE |
N/A |
|
Prunesco SA |
CHILE |
N/A |
|
Jabs International Put Ltda. |
INDIA |
N/A |
|
Walker Seeds |
CANADA |
(306) 8733777 |
|
Commodius Trading Inc. |
CANADA |
N/A |
|
Export Packerd Company Ltd. |
CANADA |
N/A |
|
Dessang Corporation |
ARGENTINA |
(5634) 530051 |
|
Agrícola Comercial Sánchez .S.R.L. |
ARGENTINA |
N/A |
|
Ensland Starke |
GERMANY |
N/A |
|
North Pacific |
U.S.A. |
N/A |
|
Dessang Corporation |
U.S.A. |
226.2281 |
|
PS International |
U.S.A. |
N/A |
|
Cargill Inc. |
U.S.A. |
N/A |
CREDIT RISK CENTRAL .-
Found no protested documents, bad checks, cancelled
accounts or lawsuits against this Company.
No compulsory collections or payment failures were reported either
relative to State contributions.
CREDIT HISTORY .-
Previous report show a clear trade historical
record. No negative backgrounds found.
LAWSUITS .-
No legal actions or claims
have been initiated against this Company.
BANKERS
.-
|
Bank |
Contact |
Telephone |
Account # |
DC (S/.) |
FC (US$) |
|
BBVA BANCO CONTINENTAL |
Cristina Fernandez |
N/A |
N/A |
N/A |
N/A |
|
BANCO DE CREDITO DEL PERU |
Milena Portato |
N/A |
N/A |
N/A |
N/A |
Subject Company is a client of the above bank.
Further details were not given.
SUPERINTENDENCY
OF BANK & INSURANCE.-
The SBS reported the following debts the Financial
System as at 30AUG2010 (Last Report)
|
Obligations |
DC (S/.) |
FC (US$) |
|
Advance in current account cont |
0.00 |
0.00 |
|
Advance in current account cont |
0.00 |
0.00 |
|
Credit Cards-Contract |
0.00 |
0.00 |
|
Overdrafts-Current Account |
0.00 |
0.00 |
|
Discounts-Drafts |
129,162.00 |
0.00 |
|
Discounts promissory note |
0.00 |
0.00 |
|
Loans |
0.00 |
0.00 |
|
Financial Leasing |
0.00 |
0.00 |
|
Foreign trade credit |
0.00 |
0.00 |
|
Current accruals |
34.00 |
0.00 |
|
Letters of indemnity |
0.00 |
0.00 |
|
Letters of credit |
0.00 |
0.00 |
|
Banking acceptance |
0.00 |
0.00 |
|
other OTROS 1 INGLES |
0.00 |
0.00 |
|
0.00 |
|
|
|
Total Indebtedness |
129,196.00 |
0.00 |
|
Guarantees |
0.00 |
0.00 |
Debt structure for Bank
(Domestic Currency)
|
|
RATING |
% |
RATING DESCRIPTION ACCORDING
TO THE SBS |
|
X |
NORMAL |
100 |
Good Financial Situation.
Prompt payments, Consitent and Updated Information. |
|
|
PROBLEM POTENTIAL |
- |
Satisfactory Financial
Situation but cash flow can weaken which causes payment defaults. Irregular trend.
Weaken which causes payment defaults. Irregular trend. |
|
|
DEFICIENT |
- |
Deficient Financial
Situation with cash problems, profis shortage, continuous delayed payments,
overdue credits and/or collection by count order, decreasing trend. |
|
|
DOUBTFUL |
- |
Heavy Financial Situation,
cash flow shortage, continuous delayed payments, overdue credits and/or
collection by court order. Not too reliable information. Bad management. |
|
|
LOSS |
- |
Bad Financial Situation, cash
flow does not cover production costs, declared bankruptcy, payment
discontinuance,collection by court order. Bad management. |
Debt structure for Bank
(Domestic Currency)
|
Bank |
Amoun (S/.) |
|
BANCO DE CREDITO |
129,196.00 |
REPUTATION
.-
NOTHING
AGAINST COMPANY
NOTE: The Opinion given is confidential referential
and with out liability
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.84 |
|
UK Pound |
1 |
Rs.86.72 |
|
Euro |
1 |
Rs.69.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.