|
Report Date : |
26.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
RECKITT BENCKISER (BRASIL) LTDA |
|
|
|
|
Registered Office : |
Rodovia Raposo Tavares, Nº. 8015, Km 18 Jardim Arpoador , Zip Code 05577-900 - São Paulo/Sp |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Date of Incorporation : |
12.10.1988 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture and sale of hygienic products, perfumes, cosmetics and sanitation products |
|
|
|
|
No. of Employees : |
1090 employees |
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 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Characterized by large and well-developed agricultural, mining, manufacturing, and service sectors, Brazil's economy outweighs that of all other South American countries, and Brazil is expanding its presence in world markets. Since 2003, Brazil has steadily improved its macroeconomic stability, building up foreign reserves, and reducing its debt profile by shifting its debt burden toward real denominated and domestically held instruments. In 2008, Brazil became a net external creditor and two ratings agencies awarded investment grade status to its debt. After strong growth in 2007 and 2008, the onset of the global financial crisis hit Brazil in 2008. Brazil experienced two quarters of recession, as global demand for Brazil's commodity-based exports dwindled and external credit dried up. However, Brazil was one of the first emerging markets to begin a recovery. In 2010, consumer and investor confidence revived and GDP growth reached 7.5%, the highest growth rate in the past 25 years. Rising inflation led the authorities to take measures to cool the economy; these actions and the deteriorating international economic situation slowed growth to 2.7% for 2011 as a whole, though forecasts for 2012 growth are somewhat higher. Despite slower growth in 2011, Brazil overtook the United Kingdom as the world's seventh largest economy in terms of GDP. Urban unemployment is at the historic low of 4.7% (December 2011), and Brazil's traditionally high level of income equality has declined for each of the last 12 years. Brazil's high interest rates make it an attractive destination for foreign investors. Large capital inflows over the past several years have contributed to the appreciation of the currency, hurting the competitiveness of Brazilian manufacturing and leading the government to intervene in foreign exchanges markets and raise taxes on some foreign capital inflows. President Dilma ROUSSEFF has retained the previous administration's commitment to inflation targeting by the central bank, a floating exchange rate, and fiscal restraint.
|
Source : CIA |
RECKITT BENCKISER
(BRASIL) LTDA
|
MAIN ADDRESS: |
RODOVIA RAPOSO TAVARES, Nº. |
|
ZIP CODE/CITY: |
05577-900 - SÃO PAULO/SP |
|
|
|
|
PHONE: |
11 3783-7000 |
|
FAX: |
11 3783-7063 |
|
E-MAIL: |
|
|
WEB SITE: |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
VIA ANHANGUERA S/Nº. KM 26,421 SL 9 JARDIM JAGUARA |
|
ZIP CODE/CITY: |
05275-000 SÃO PAULO/SP |
|
|
|
|
ADDRESS: |
ALAMEDA DOS MARACATINS, 992 BLOCO A, 3º ANDAR |
|
ZIP CODE/CITY: |
04089-001 SÃO PAULO/SP |
|
PHONE: |
11 5095-3887 |
|
FAX: |
11 5543-7577 |
|
THE COMPANY ALSO HAS OTHER BRANCHES LOCATED IN: CURITIBA, JABOATÃO DOS
GUARARAPES, PINHAIS, RIO DE JANEIRO, SÃO PAULO, SUMARÉ, UBERABA AND
UBERLÂNDIA. |
|
MAIN ACTIVITIES: |
|
MANUFACTURE AND SALE OF HYGIENIC PRODUCTS, PERFUMES, COSMETICS AND
SANITATION PRODUCTS. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
12/10/1988 |
|
REGISTER DATE: |
12/10/1988 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
59.557.124/0001-15 |
|
STATE REGISTER: |
111.169.670.112 |
|
|
|
|
SHARE CAPITAL: |
R$
393.273.274,00 |
|
LAST REGISTER OF CAPITAL: |
01/12/2010 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
FREDERIC BERENGER MICHEL MORLIE |
PRESIDENT DIRECTOR |
|
COURTNAY KATHLEEN ECCLESTON |
DIRECTOR |
|
JIRI KULIK |
DIRECTOR |
|
DAVID WILLEM ALAIN YVES PRINSELAAR |
DIRECTOR |
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
LANCASTER SQUARE HOLDINGS S. L. (SPAIN) |
R$
393.273.273,00 |
|
R & C NOMINEES LIMITED (UK) |
R$ 1,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
RECPLASTE FABRICA DE EMBALAGENS PLASTICAS LTDA |
|
|
THE HISTORY OF RECKITT BENCKISER HAS MANY STEPS AND BEGAN ITS
SUCCESSFUL JOURNEY BACK IN 1913 WHEN THE ENGLISH COMPANIES J & J COLMAN
AND RECKITT & SONS ARRIVED IN LATIN AMERICA. THIS JOINT VENTURE ADOPTED A
NEW NAME - ATLANTIS LTDA. - AND WAS BASED IN ARGENTINA. THIS SAME JOINT VENTURE WOULD ONLY TAKE PLACE IN ENGLAND IN 1938
ORIGINATING THE RECKITT & COLMAN LTDA. ITS FIRST FACTORY WAS BUILT IN
1924 AND BASICALLY PRODUCED ONLY ONE PRODUCT - ANIL LAUNDRY BLEACH. ITS SECOND PLANT WAS INAUGURATED IN MAUÁ, SÃO PAULO IN 1934. IT BEGAN
DIVERSIFYING ITS PRODUCT LINE BY INTRODUCING INDUSTRIAL PIGMENTS AND POWDER
DYES. IT ADDED TWO HIGHLY SUCCESSFUL PRODUCTS SOON AFTER - BRASSO AND SILVO -
METAL POLISHERS.WITH THE LAUNCHING THE SHOE CARE PRODUCT NUGGET AND THE FLOOR
WAX CARDEAL, BOTH IN 1953, ITS PRESENCE IN THE BRAZILIAN MARKET NOT ONLY GREW
BUT ALSO BECAME SOLID REGARDING BOTH PRODUCT AND BRAND. THE INTRODUCTION OF POLIFLOR WAX IN 1960 REVOLUTIONIZED THE FLOOR-WAXING
SEGMENT. A FEW YEARS LATER, IN 1966, THE COMPANY MADE ITS FIRST ACQUISITION -
COMPANHIA QUÍMICA DUAS ÂNCORAS - AND ADDED MORE BRANDS TO ITS GROWING NUMBER
OF PRODUCTS. ITS FAMOUS PARQUETINA WAS WHICH CELEBRATED ITS CENTENNIAL IN
1998 WAS INTRODUCED AT THIS TIME. GLOBO S.A TINTAS E PIGMENTOS WAS ACQUIRED IN 1974 AND BECAME THE MAJOR
PRODUCER OF SYNTHETIC IRON OXIDE PIGMENTS. THIS FACTORY ALSO PRODUCED POWDER
DYES, REGULAR PIGMENTS AND PAINTS. THIS DECADE WAS MARKED BY MANY IMPORTANT
MARKET LAUNCHES - VEJA MULTI-PURPOSE, KARPEX, FABULON, SANPIC AND POLIFLOR.
THE COMPANIES STRENGTHEN ITS FOOTHOLD IN THE HOUSEHOLD PRODUCTS SEGMENT. THIS SUCCESSFUL LAUNCHING SPREE CONTINUED IN THE 1980S. HARPIC, DESTAC
AND VIDREX CLOSELY FOLLOWED THE LAUNCHING OF THE BEST SELLER - NUGGET INSTANT
LIQUID SHINE. THE COMPANY ACQUIRED TEMANA IN A NEW FAMOUS PEST CONTROL PRODUCT - DETEFON - WAS ADDED TO ITS PRODUCT
LINE THROUGH THE ACQUISITION OF BOYLE-MIDWAY REPRESENTED IN BRAZIL BY ANAKOL
LABORATORY. FOLLOWING THE INTERNATIONAL TREND ALL THESE COMPANIES BECAME ONE
IN 1993 - THE RECKITT & COLMAN COMPANY. GLOBO TINTAS WAS SOLD FOLLOWING A
CORPORATE DECISION IN 1996 REDEFINING THE COMPANY'S FOCUS IN HOUSEHOLD
CLEANING, PERSONAL AND HEALTH CARE PRODUCTS. THE COMPANY'S CENTRALIZED ITS
ACTIVITIES 1997 AT THE "RAPOSO TAVARES" PLANT LOCATED IN SÃO PAULO.
RECKITT & COLMAN MERGED WITH THE GERMAN COMPANY BENCKISER IN
DECEMBER 1999 - RECKITT BENCKISER COMPANY. THIS MERGER CONSOLIDATED THE
ALREADY SUCCESSFUL BRANDS AND ADDED SOME NEW PRODUCTS SUCH AS CHLORINE FREE
VANISH SAFE BLEACH AND THE VEET. THE COMPANY NEW ACTIVITIES BEGAN
SIMULTANEOUSLY WITH THE NEW MILLENNIUM PROJECTING INTO THE FUTURE THE SAME
STANDARDS AND VALUES. OUR SHOW THAT THE SUBJECT HAS ALREADY OPERATED WITH THE FOLLOWING
CORPORATE NAMES: REPRESENTAÇÃO E PARTICIPAÇÕES ATLANTIS BRASIL LTDA ATLANTIS BRASIL COMERCIO E INDUSTRIA LTDA. RECKITT E COLMAN INDUSTRIAL LTDA RECKITT E COLMAN INDUSTRIAL LTDA RECKITT & COLMAN LTDA. PARTNERS AND DIRECTORS: LANCASTER SQUARE HOLDINGS S. L: HEADQUARTERED AT CALLE FRAY CARBO 24,
E-08400, GRANOLLERS, BARCELONA, SPAIN; R & C NOMINEES LIMITED (UK): HEADQUARTERED AT 67 ALMA ROAD,
WINDSOR, BERKSHIRE, SL4, ENGLAND; FREDERIC BERENGER MICHEL MORLIE: BELGIUM, MARRIED, ENTREPRENEUR, WITH
ADDRESS AT RODOVIA RAPOSO TAVARES, COURTNAY KATHLEEN ECCLESTON: AMERICAN, HOLDER OF DOCUMENTS CPF
235.598.238-46 AND RNE V832163-A-SP, WITH ADDRESS AT RODOVIA RAPOSO TAVARES, JIRI KULIK: CZECH, HOLDER OF DOCUMENTS CPF 235.590.198-85 AND RNE
V829450-F-SP, WITH ADDRESS AT RODOVIA RAPOSO TAVARES, DAVID WILLEM ALAIN YVES PRINSELAAR: FRENCH, HOLDER OF DOCUMENTS CPF
234.903.338-45 AND RNE V792048-I, RODOVIA RAPOSO TAVARES, FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS. TATIANE, FINANCIAL
DEPARTMENT, WHO INFORMED THAT WOULD NOT DISCLOSE ANY KIND OF INFORMATION
UNLESS THE INQUIRING PARTY'S NAME WAS DISCLOSED. IF IT IS POSSIBLE TO DISCLOSE THE NAME OF THE INTERESTED SUPPLIER OF
THE SUBJECT, WE MAY RESUME OUR CONTACTS AND TRY TO OBTAIN FURTHER
INFORMATION. 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: |
|
PROTESTS: |
|
96 PROTESTS,TOTAL AMOUNT R$
321.813,73 |
|
DATE OF FIRST PROTEST:
SEPTEMBER/2012 R$ 2.020,00 |
|
DATE OF HIGHEST PROTEST:
NOVEMBER/2012 R$ 70.000,00 |
|
DETAILS OF LATEST PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
3º CARTÓRIO DE SP-SÃO PAULO |
13/11/2012 |
R$ 16,08 |
|
3º CARTÓRIO DE SP-SÃO PAULO |
13/11/2012 |
R$ 75,68 |
|
3º CARTÓRIO DE SP-SÃO PAULO |
13/11/2012 |
R$ 20,54 |
|
3º CARTÓRIO DE SP-SÃO PAULO |
13/11/2012 |
R$ 83,26 |
|
3º CARTÓRIO DE SP-SÃO PAULO |
13/11/2012 |
R$ 52,17 |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
1 |
FEDERAL LAWSUIT |
29/10/12 |
2ª VARA DE SP-SP-FEDERAL |
|
DUE TO THE SUBJECT'S LEGAL FORM, IT IS NOT OBLIGED TO PUBLISH THE
BALANCE SHEET INFORMATION. WHEN INTERVIEWING SOURCES AT THE SUBJECT COMPANY
DECLINED TO PROVIDE ANY KIND OF FINANCIAL INFORMATION PER POLICY. OUTSIDE SOURCES SHOWED NO FINANCIAL DATA FOR THIS COMPANY. |
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,09 |
- OFFICIAL RATE ON 21/11/2012 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
THE SUBJECT BELONGS TO A LARGE SIZED GROUP WITH HUGE FINANCIAL POWER. THE GROUP IS A GLOBAL PLAYER SERVING 180 COUNTRIES WITH A VAST ARRAY
OF HIGH-IMPACT BRANDS - VIA 60 BRANCH OFFICES AND WITH ROUGHLY 20,000
EMPLOYEES. IT IS LIKELY TO HAVE A VERY GOOD FINANCIAL STANDING. HOWEVER, IN THE
ABSENCE OF FINANCIAL INFORMATION NO FURTHER COMMENTS CAN BE PROVIDED. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
|
NOT AVAILABLE. |
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO ITAUBANK S/A |
11 3708-8983 |
SÃO PAULO/SP |
|
BANCO SANTANDER (BRASIL) S/A |
11 3012-7046 |
SÃO PAULO/SP |
|
BANCO CITIBANK S/A |
11 4009-5552 |
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"). |
|
THE SUBJECT IS ENGAGED IN THE MANUFACTURE AND SALE OF HYGIENIC
PRODUCTS, PERFUMES, COSMETICS AND SANITATION PRODUCTS. THE PRODUCTS ARE TRADE WITH THE REGISTERED TRADE MARKS: VEJA, DESTAC, POLIFLOR,
VIDREX, PARQUETINA, REPELEX, CARDEAL, DETEFON, LYSOL, COLMEINA, FABULON,
MEPO, ANIL COLMAN, CACHOPA, SILVO, BRASSO, BOM AR, NUGGET, RODASOL, HARPIC,
RODOX, SAN PIC, PASSE BEM, KARPEX, RESOLV, EASY-OFF, DES TOP, VANISH. ALL THE ABOVE TRADE MARKS ARE WELL-KNOWN LOCALLY AND SOME ARE LEADING
TRADE MARKS IN THE LOCAL MARKET. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
ATACADÃO |
|
|
|
CARREFOUR COM. IND. LTDA |
|
|
|
CIA. BRASILEIRA DE DISTRIBUIÇÃO (PÃO DE AÇÚCAR) |
|
|
|
CIRO DISTRA ALIMENTOS LTDA |
|
|
|
MAKRO ATACADISTA S/A |
|
|
|
MARTINS COM. IMP. EXP. LTDA |
|
|
|
PEIXOTO COM. IMP. LTDA |
|
|
|
SÉ S/A COM. IMP |
|
|
|
SONAE DISTRA BRASIL S/A |
|
|
|
WAL MART BRASIL S/A |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 1090 EMPLOYEE(S) |
|
THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY OPERATING SINCE 1988.
IT HAS A VERY GOOD TRADE REPUTATION AND IS MANUFACTURER OF PRODUCTS WHICH ARE
LEADING TRADE MARKS IN BRAZIL. 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 SUBJECT HAS GOOD PAYMENT RECORD. THE LAWSUIT REPORTED IS NOT RELATED WITH TRADE DEBT. IT IS RELATED TO
TAX DEBT THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID. NEVERTHELESS WE
POINT OUT THAT THE SAID LAWSUIT DOES NOT AFFECT THE COMPANY'S 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 NOT LIKELY TO
AFFECT ITS TRADE REPUTATION. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
CITY: |
PHONE: |
|
BANDEIRANTE QUIMICA LTDA |
|
|
|
BERTIN LTDA |
|
|
|
BRIGAPLAST IND. COM. DE PLÁSTICOS LTDA |
SOROCABA/SP |
15 3232-3171 |
|
CIA. METALÚRGICA PRADA |
SÃO PAULO/SP |
11 5682-5657 |
|
ELDORADO INDUSTRIAS PLÁSTICAS LTDA |
|
|
|
IFF ESSÊNCIAS E FRAGRÂNCIAS LTDA |
BARUERI/SP |
21 3369-6200 |
|
IPIRANGA PETROQUIMICA LTDA |
SÃO PAULO/SP |
11 5185-9091 |
|
MITROPLAST IND COMERCIO DE PLASTICOS LTDA |
|
|
|
OXITENO DO NORDESTE S/A |
SÃO PAULO/SP |
11 3177-6550 |
|
POLIALDEN PETROQUÍMICA S/A |
|
71 6325-5986 |
|
PRIOR PACK SERVIÇOS DE EMPACOTAMENTO LTDA |
|
|
|
ROHM AND HAAS QUÍMICA LTDA |
|
11 5112-9016 |
|
SPP AGAPRINT INDUSTRIAL E COMERCIAL LTDA |
|
|
|
TECIDOS CASSIA NAHAS LTDA |
|
11 3315-5555 |
|
TECNOPLASTIC IND COM LTDA |
COTIA/SP |
11 4612-4445 |
|
PAYMENT HISTORY: |
|
21 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 235.363,00 |
|
|
|
AMOUNT OF INVOICES PAID: 150 |
|
TOTAL OF PROMPT PAYMENTS: 88,5% |
|
TOTAL OF DELAYED PAYMENTS: 11,5% |
|
|
|
HIGHEST INVOICE: R$ 19.768,00 |
|
HIGHEST CREDIT: R$ 19.768,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
4 |
5 |
R$ 3.498,05 |
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS SINCE 1924. IT OPERATES
AS A SUBSIDIARY OF A LARGE-SIZED GROUP WITH OPERATIONS ALL OVER THE WORLD AND
KNOWN BY ITS LEADING MARKET POSITION. BASED ON THE GENERAL INFORMATION AVAILABLE IT IS BELIEVED THAT GOOD
TRADE RELATIONS MAY BE ESTABLISHED. DESPITE THE ABSENCE OF FINANCIAL DATA THE
SUBJECT IS CONSIDERED GOOD FOR CREDIT FACILITIES WITHIN THE USUAL TERMS AND
IN AMOUNTS ADEQUATE TO ITS SCALE OF ACTIVITIES. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.34 |
|
UK Pound |
1 |
Rs.88.30 |
|
Euro |
1 |
Rs.71.37 |
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.