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Report Date : |
29.11.2012 |
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Tel. No.: |
011 52 728 285 0569 |
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Fax No.: |
011 52 728 285 0330 |
IDENTIFICATION DETAILS
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Name : |
SENSIENT COLORS S.A. DE C.V. |
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Registered Office : |
Rodolfo Patron 12, Col. Parque Industrial Lerma 52000 Lerma |
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Country : |
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Date of Incorporation : |
29.07.1964 |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
Processing, distribution, marketing of flavors, fragrances and
synthetic and natural dyes for foods, pharmaceuticals and cosmetics. |
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No. of Employees : |
50 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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 (31.03.2011) |
Current Rating (30.06.2012) |
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Mexico |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
MEXICO - ECONOMIC OVERVIEW
Mexico has a free market
economy in the trillion dollar class. It contains a mixture of modern and
outmoded industry and agriculture, increasingly dominated by the private
sector. Recent administrations have expanded competition in seaports,
railroads, telecommunications, electricity generation, natural gas
distribution, and airports. Per capita income is roughly one-third that of the
US; income distribution remains highly unequal. Since the implementation of the
North American Free Trade Agreement (NAFTA) in 1994, Mexico's share of US
imports has increased from 7% to 12%, and its share of Canadian imports has
doubled to 5%. Mexico has free trade agreements with over 50 countries
including Guatemala, Honduras, El Salvador, the European Free Trade Area, and
Japan - putting more than 90% of trade under free trade agreements. In 2007,
during its first year in office, the Felipe CALDERON administration was able to
garner support from the opposition to successfully pass pension and fiscal
reforms. The administration passed an energy reform measure in 2008 and another
fiscal reform in 2009. Mexico''s GDP plunged 6.2% in 2009 as world demand for
exports dropped, asset prices tumbled, and remittances and investment declined.
GDP posted positive growth of 5.4% in 2010 and 3.8% in 2011, with exports -
particularly to the United States - leading the way. The administration
continues to face many economic challenges, including improving the public
education system, upgrading infrastructure, modernizing labor laws, and
fostering private investment in the energy sector. CALDERON has stated that his
top economic priorities remain reducing poverty and creating jobs.
Source
: CIA
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CORRECT COMPANY
NAME |
SENSIENT COLORS S.A. DE C.V. |
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TRADE NAME |
SENSIENT COLORS MEXICO |
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TAXPAYER REGISTRATION |
RFC SCO640729E10 |
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MAIN ADDRESS |
Rodolfo Patron 12, Col. Parque Industrial Lerma |
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POSTAL CODE |
52000 |
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PROVINCE / DEPARTAMENT |
Lerma |
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STATE / REGION |
México |
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COUNTRY |
MEXICO |
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TELEPHONE |
(52728) 2850569 - 2820512 - 2820560 |
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E-MAIL |
gabriela.lopezfuentes@sensient.com |
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WEB |
www.sensient-tech.com |
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Date of foundation |
1964 |
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Capital stock |
No specified |
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permanent employees |
50 |
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Chief Executive |
SANCHEZ VILLALON, RICARDO |
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Disposition |
Poor.- Only general information without figures. |
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Payments policy |
Usually to terms/good |
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Credit (**) |
Risk is Moderate. Within Average. Lightly Fair Situation. |
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LEGAL BACKGROUNDS |
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LEGAL STATUS |
Stock Company of Variable Capital |
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DATE OF INCORPORATION |
29JUL1964 |
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PLACE OF REGISTRY |
Mexico |
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DURATION |
99 years |
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CURRENT PAID-IN CAPITAL |
No specified |
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LISTED AT STOCK EXCHANGE |
No |
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CURRENT EXCHANGE RATE (US$) |
$12.99 pesos per USD1 |
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MEMBERSHIP |
Ilse de México A.C. |
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FULL NAMES / COMPANY NAME |
TITLE |
%PART. |
SINCE |
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SANCHEZ VILLALON, RICARDO |
General Director |
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TREVINO RODRIGUEZ, CARLOS CANDELARIO |
Director of Operations |
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LOPEZ FUENTES, GABRIELA |
Purchasing Manager |
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ALDAMA, PEDRO |
Chief Finance |
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VASQUEZ ALCANTARA, ALEJANDRO |
General Accountant |
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SENSIENT TECHNOLOGIES CORP. |
Shareholder / Member |
100% |
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SANCHEZ VILLALON, RICARDO |
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NATIONALITY |
Mexican |
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D.O.B. |
1967 |
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PROFESSION |
University graduate |
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TREVINO RODRIGUEZ, CARLOS CANDELARIO |
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NATIONALITY |
Mexican |
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LOPEZ FUENTES, GABRIELA |
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NATIONALITY |
Mexican |
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ALDAMA, PEDRO |
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NATIONALITY |
Mexican |
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SENSIENT TECHNOLOGIES CORP. |
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BUSINESS
BACKGROUND American Enterprise. Engaged in manufacturing and marketing synthetic and natural pigments
for foods industry, pharmaceuticals and cosmetics worldwide |
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SENSIENT COLORS S.A. DE C.V. is a
company 100% controlled by foreign capital , which has been operating in the country since 1964
and is considered a company with the most complete line of essential oils from
spices and herbs.
The company under investigation is part of a business group with a
presence on five continents where it has related companies.
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COMPANY NAME |
COUNTRY |
TAX REG. |
RELATION % |
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ADICOL S.A. |
ARGENTINA |
30645586332 |
Related |
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DISAROMAS |
COLOMBIA |
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Related |
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FELISATTI S.A. |
URUGUAY |
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Related |
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PANDOCK C.A. |
VENEZUELA |
J000280274 |
Related |
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PRINAL S.A. |
CHILE |
838776000 |
Related |
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PT SENSIENT TECHNOLOGIES INDONESIA |
INDONESIA |
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Related |
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SENSIENT COLOR (UK) |
UNITED KINGDOM |
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Related |
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SENSIENT COLORS - LATIN AMERICA |
MEXICO |
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Related |
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SENSIENT COLORS S.A. |
ARGENTINA |
30700951592 |
Related |
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SENSIENT COSMETIC TECHNOLOGIES |
BRAZIL |
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Related |
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SENSIENT FLAVORS - LATIN AMERICA |
MEXICO |
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Related |
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SENSIENT FLAVORS CANADA INC. |
CANADA |
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Related |
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SENSIENT PHARMACEUTICAL COATING SYSTEMS |
SINGAPORE |
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Related |
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SENSIENT TECHNOLOGIES (PHILIPPINES) INC |
PHILIPPINES |
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Related |
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SENSIENT TECHNOLOGIES BRASIL LTDA. |
BRAZIL |
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Related |
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SENSIENT TECHNOLOGIES CORP. |
U.S.A. |
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Shareholder / Member |
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SENSIENT TECHNOLOGIES CORP. (CHINA) LTD. |
CHINA |
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Related |
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SENSIENT TECHNOLOGIES NEW ZEALAND |
NEW ZEALAND |
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Related |
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SENSIENT TECHNOLOGIES THAILAND LTD. |
THAILAND |
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Related |
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SIC Classification |
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Main activity |
Processing, distribution, marketing of flavors, fragrances and
synthetic and natural dyes for foods, pharmaceuticals and cosmetics. |
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Import |
Yes |
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Country |
USA, China, India |
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Export |
No |
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% CASH SALES / METHOD |
10% |
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% Credit SALES / Terms |
90% 30 days |
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% DOMESTIC PURCHASES |
85% |
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% FOREIGN PURCHASES |
15% |
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SELLING TerritorY |
National market - 100% |
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EMPLOYEES |
50 |
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Comments |
Subject's sales are intended for the food industry, pharmaceutical and
cosmetics. |
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Interviewee(s) |
Alejandro Vásquez |
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Position(s) |
General Accountant |
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Disposition |
Poor.- Only general information without figures. |
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Information provided |
The person interviewed provided trade data about the company and
offered to send us financial data with permission from superiors; If outcome is positive, we'll immediately
forward on to you a supplemental report; otherwise, please consider this as a
final report. Simultaneously, we made inquiries in various external reference
sources achieving to get further information. Despite efforts found no
individual balance sheets of this company for assessment. For client's reference report contains the CONSOLIDATED BALANCE SHEET
OF SENSIENT TECHNOLOGIES CORPORATION AND SUBSIDIARIES (including the company
under investigation) at 31/12/2011 , expressed in U.S. Dollars. |
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Comments |
CONSOLIDATED BALANCE SHEET OF
SENSIENT TECHNOLOGIES CORPORATION AND SUBSIDIARIES BALANCE SHEET
DATE : 31DEC2011 BALANCE SHEET TYPE : Consolidated BALANCE SHEET OF : 12 months
TYPE OF CURRENCY : US Dollars ASSETS TOTAL CURRENT : 706,870,000.00 FIXED : 451,539,000.00 OTHER : 495,755,000.00 TOTAL ASSETS : 1,654,164,000.00 LIABILITIES TOTAL CURRENT : 207,275,000.00 LONG-TERM : 312,422,000.00 OTHER : 85,257,000.00 SHAREHOLDERS' EQUITY :
1,049,210,000.00 TOTAL LIAB/EQUITY :
1,654,164,000.00 SALES : 1,430,789,000.00 PROFIT (LOSS) : 120,484,000.00 |
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SALES |
US$ 0.00 () |
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FINANCIAL SITUATION |
UNDETERMINED Financial situation is considered indeterminate since no separate
financial statements were available to analyze Subject's results. Nonetheless, taking into account the size and age of the firm, and the
lack of negative and support of its parent company, we estimate it is
operating normally. |
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Property of company comments |
Transportation equipment Furniture and office equipment Machinery and equipment Computer equipment |
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INSURANCE |
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TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS
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TRADE REFERENCES |
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Note : Other suppliers did not provide information or could not be
consulted |
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BANKERS Banking is with: BANCO NACIONAL DE MEXICO - BANAMEX CITIBANK |
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REPUTATION |
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NOTHING AGAINST COMPANY |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.55.70 |
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1 |
Rs.89.34 |
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Euro |
1 |
Rs.72.35 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.