|
Report Date : |
26.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
LIBBS
FARMACÊUTICA LTDA |
|
|
|
|
Registered Office : |
Rua Josef Kryss,250 - Parque
Industrial Tomas Edson, 01.140-050 - São Paulo/Sp |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.10.2010 |
|
|
|
|
Date of Incorporation : |
22.02.1958 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of Pharmaceuticals |
|
|
|
|
No. of Employees : |
Not Available |
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) |
|
Brazil |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
BRAZIL - ECONOMIC OVERVIEW
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 |
LIBBS FARMACÊUTICA
LTDA
|
MAIN ADDRESS: |
RUA JOSEF KRYSS,250 - PARQUE INDUSTRIAL TOMAS EDSON |
|
ZIP CODE/CITY: |
01.140-050 - SÃO PAULO/SP |
|
|
|
|
PHONE: |
11 3879-2500 |
|
FAX: |
11 3879-2536 |
|
E-MAIL: |
|
|
WEB SITE: |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA DA. CESÁRIA CAMARGO DE OLIVEIRA,240 - JARDIM VISTA ALEGRE |
|
ZIP CODE/CITY: |
06807-320 EMBU/SP |
|
PHONE: |
11 4704-5084 |
|
|
|
|
ADDRESS: |
AVENIDA EMBAIXADOR MACEDO SOARES,10735 GALPÃO 5 - VILA ANASTÁCIO |
|
ZIP CODE/CITY: |
05035-000 SÃO PAULO/SP |
|
PHONE: |
11 3832-8661 |
|
|
|
|
ADDRESS: |
ALBERTO CORREA FRANKFORT,88 |
|
ZIP CODE/CITY: |
EMBU/SP |
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF PHARMACEUTICALS |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
22/02/1958 |
|
REGISTER DATE: |
22/02/1958 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
61.230.314/0001-75 |
|
STATE REGISTER: |
103.943.389.112 |
|
|
|
|
SHARE CAPITAL: |
R$
150.000.000,00 |
|
LAST REGISTER OF CAPITAL: |
20/05/2008 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
ALCEBIADES DE MENDONÇA ATHAYDE |
MANAGING PARTNER |
|
ALCEBIADES DE MENDONÇA ATHAYDE JUNIOR |
MANAGING PARTNER |
|
ALVARO MAGNANELLI DE MENDONÇA ATHAYDE |
MANAGING PARTNER |
|
THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
ALCEBIADES DE MENDONÇA ATHAYDE |
R$
126.300.000,00 |
|
ALCEBIADES DE MENDONÇA ATHAYDE JUNIOR |
R$ 11.850.000,00 |
|
ALVARO MAGNANELLI DE MENDONÇA ATHAYDE |
R$ 11.850.000,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
ALMENAT EXTENSÃO CORPORATIVA LTDA |
95,00% |
|
DISTRIBUIDORA AÇÃO E QUALIDADE DE PRODUTOS |
20,00% |
|
LIBBS FARMOQUIMICA LTDA |
99,70% |
|
DISAQ FARMACEUTICA LTDA |
100,00% |
|
MAXIM FACTORING FOMENTO COMERCIAL LTDA |
|
|
RESULTA ESTUDOS CONTINUOS S/S LTDA |
|
|
THE SUBJECT WAS ESTABLISHED IN 1958 AS LIBBS LABORATÓRIO INDÚSTRIAL
BRASILEIRO DE BIOLOGIA E SINTESE LTDA. TO BE ENGAGED IN THE SAID LINE OF
BUSINESS. ON OCTOBER 18, 1991 IT ADOPTED THE ABOVE-MENTIONED NAME AND UP TO DATE
IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN. TRADING STYLE: LIBBS BUSINESS ADDRESS HAS CHANGED FROM (RUA RAUL
POMPEIA,1071 1087 E 1103, VILA POMPÉIA – SÃO PAULO/SP) TO THE PRESENT
REGISTERED ONE. PARTNERS: ALCEBIADES DE MENDONÇA ATHAYDE: BRAZILIAN, MARRIED, INDUSTRIAL,
DOCUMENTS NUMBER RG 2.132.527 SSP/SP AND CPF 069.526.158-49, RESIDENTIAL
ADDRESS AT RUA BAHIA, 753 APTO. 181 - SÃO PAULO/SP; ALCEBIADES DE MENDONÇA ATHAYDE JUNIOR: BRAZILIAN, MARRIED,
ADMINISTRATOR OF COMPANIES, DOCUMENTS NUMBER RG 8.160.452-X SSP/SP AND CPF
004.548.138-56, RESIDENTIAL ADDRESS AT RUA FREDERICO BAROCCI, 43 - SÃO
PAULO/SP; ALVARO MAGNANELLI DE MENDONÇA ATHAYDE: BRAZILIAN, MARRIED, INDUSTRIAL,
DOCUMENTS NUMBER RG 9.158.516 SSP/SP AND CPF 036.438.868-45, RESIDENTIAL
ADDRESS AT RUA ZAPARA 256, VILA MADALENA - SÃO PAULO/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS. ROSICLER - 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 INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
|
GENERAL BALANCE SHEETS AS OF 31/10/2010, 31/12/2009 AND 31/12/2008. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/10/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
CASH AND CASH EQUIVALENTS |
84.220 |
19.331 |
39.305 |
|
CLIENTS |
43.832 |
70.695 |
45.612 |
|
INVENTORY |
47.722 |
59.426 |
55.832 |
|
ADVANCE TO SUPPLIERS |
3.063 |
3.405 |
6.343 |
|
OTHER CREDITS |
16.039 |
10.220 |
8.636 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
194.876 |
163.077 |
155.728 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
OTHER CREDITS |
7.441 |
6.809 |
4.044 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
7.441 |
6.809 |
4.044 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
32.210 |
28.269 |
43.309 |
|
FIXED ASSETS |
154.980 |
154.056 |
134.510 |
|
INTANGIBLE |
2.176 |
11.948 |
3.270 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
189.366 |
194.273 |
181.089 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
391.683 |
364.159 |
340.861 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/10/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
SUPPLIERS |
9.277 |
4.591 |
12.010 |
|
LOANS AND FINANCING |
6.891 |
5.058 |
5.064 |
|
TAXES & CONTRIBUTIONS |
14.158 |
333 |
|
|
SALARY, TAXES & CONTRIB. |
23.753 |
12.201 |
8.760 |
|
OTHER DEBTS |
31.575 |
33.628 |
25.052 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
85.654 |
55.811 |
50.886 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
6.542 |
11.087 |
13.059 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
6.542 |
11.087 |
13.059 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
150.000 |
150.000 |
150.000 |
|
ACCRUED PROFIT (LOSS) |
11.698 |
20.345 |
48.305 |
|
PROFIT RESERVES |
137.789 |
126.916 |
78.611 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
299.487 |
297.261 |
276.916 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
391.683 |
364.159 |
340.861 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/10/2010, 31/12/2009 AND 31/12/2008. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
31/10/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
GROSS SALES |
326.761 |
398.592 |
345.921 |
|
(-) TAXES ON SALES |
37.804 |
46.496 |
36.751 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
288.957 |
352.096 |
309.170 |
|
(-) COST OF SOLD GOODS |
63.384 |
85.891 |
70.323 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
225.573 |
266.205 |
238.847 |
|
OPERATING REVENUE (EXPENSE) |
-201.949 |
-226.640 |
-170.050 |
|
FINANCIAL REVENUE(EXPENSE) |
2.231 |
1.665 |
3.377 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
25.855 |
41.230 |
72.174 |
|
CONTRIBUTION/INCOME TAX |
-14.158 |
-3.924 |
-9.264 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
11.697 |
37.306 |
62.910 |
|
RATIOS: |
31/10/2010 |
31/12/2009 |
31/12/2008 |
|
QUICK RATIO |
1,72 |
|
1,86 |
|
1,96 |
|
|
CURRENT RATIO |
2,28 |
|
2,92 |
|
3,06 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
6,59 |
TIMES |
4,98 |
TIMES |
6,78 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
45,51 |
DAYS |
72,28 |
DAYS |
53,11 |
DAYS |
|
INVENTORY TURNOVER |
1,33 |
TIMES |
1,45 |
TIMES |
1,26 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
43,91 |
DAYS |
19,24 |
DAYS |
61,48 |
DAYS |
|
RETURN ON ASSETS |
,74 |
TIMES |
,97 |
TIMES |
,91 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
,96 |
TIMES |
1,18 |
TIMES |
1,12 |
TIMES |
|
NET WORTH TIE-UP |
,52 |
|
,52 |
|
,49 |
|
|
INDEBTEDNESS |
,31 |
|
,23 |
|
,23 |
|
|
EQUITY RATIO |
76,46 |
% |
81,63 |
% |
81,24 |
% |
|
WORKING CAPITAL RATIO |
127,52 |
% |
192,20 |
% |
206,03 |
% |
|
GENERAL SOLVENCY |
4,25 |
|
5,44 |
|
5,33 |
|
|
RETURN ON NET EQUITY |
3,91 |
% |
12,55 |
% |
22,72 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
4,05 |
% |
10,60 |
% |
20,35 |
% |
|
GROSS PROFIT MARGIN |
78,06 |
% |
75,61 |
% |
77,25 |
% |
|
OPERATIONAL RESULT |
8,95 |
% |
11,71 |
% |
23,34 |
% |
|
SALES TURNOVER ON LIABILITIES |
3,37 |
TIMES |
6,31 |
TIMES |
6,08 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,02 |
- OFFICIAL RATE ON 24/10/2012 |
|
US$ 1,00 = R$ 1,70 |
- OFFICIAL RATE ON 31/10/2010 |
|
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 IN 2009 SHOWED A GOOD FINANCIAL STANDING. IT IS
NOTED GOOD LIQUIDITY RATIOS AND IMPORTANT WORKING CAPITAL AMOUNT, LOW LEVEL OF
INDEBTEDNESS, AS WELL AS GROWING SALES AND PROFITABILITY. THE INTERIM FIGURES FOR OCTOBER 2010 SHOW MAINTENANCE OF ITS FINANCIAL
SITUATION. IT STILL SHOWS GOOD LIQUIDITY RATIOS AND LOW LEVEL OF
INDEBTEDNESS. DESPITE THE DOWNWARD SALES TREND THE OPERATIONS KEEPS
PROFITABLE. REMARK: THE COMPANY WILL NOT SEND ANY UPDATED FINANCIAL DATA. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
11.667.606,19
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
7.434.367,15
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 21.899.550,02
|
INSURANCE COMPANY: |
BRADESCO SEGUROS S/A |
|
COVERAGE: |
MULTI RISKS |
|
VALUE: |
R$ 16.000.000,00 |
|
|
BRANCH/PHONE: |
|
|
BANCO BRADESCO S/A |
0421-9 |
|
|
BANCO ITAU S/A |
0191 |
|
|
BANCO SANTANDER (NOROESTE) S/A |
0007 |
|
|
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"). |
|
SUBJECT IS ENGAGED IN THE MANUFACTURE OF PHARMACEUTICAL PRODUCTS, WITH
ITS CORE PRODUCTS BEING ANCORON, PLAMET, LOGAT AND PEPRAZOL. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
USA., CANADA, EUROPE, CHINA AND INDIA. |
EXPORTS TO:
|
MEXICO, IRA, EUROPE, ASIA AND MERCOSUR. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
ATHOS FARMA SUDESTE S/A |
|
|
|
AUDIFAR COMERCIAL LTDA |
|
|
|
DIMED DISTRIBUIDORA DE MEDICAMENTOS S/A |
|
|
|
DISTRIBUIDORA DE MEDICAMENTOS SANTA CRUZ LTDA. |
|
|
|
DISTRIBUIDORA FARMACÊUTICA PANARELLO LTDA |
|
|
|
DROGARIA SÃO PAULO S/A |
|
|
|
DROGASIL S/A |
|
|
|
ITA REPRESENTAÇÕES DE PRODUTOS FARMACEUTICS S/A |
|
|
|
MERCANTIL FARMED LTDA. |
|
|
|
PROFARMA DISTRIBUIDORA DE PRODUTOS FARMACEUTICOS S/A |
|
|
|
REYDROGAS COML. LTDA. |
|
|
|
SARGA PROD FARMACÊUTICOS LTDA |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 2000 EMPLOYEE(S) |
|
THE SUBJECT IS AN OLD-ESTABLISHED COMPANY, OPERATING SINCE 1948. IT IS
A FAMILY OWNED COMPANY, OPERATES WITH HIGH AND GROWING SALES AND AN EXCELLENT
TRADE REPUTATION. 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 PROTESTS ARE IRRELEVANT. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
ALCAN ALUMINIO DO BRASIL LTDA |
|
11 4512-7000 |
|
ALLPLAS IND E COMÉRCIO DE PLÃSTICOS LTDA |
|
11 4048-1722 |
|
ATLANTA QUIMICA INDUSTRIA LTDA |
|
11 6480-2288 |
|
BAFEMA INDUSTRIA DE EMBALAGENS LTDA |
|
|
|
CEARA MOTOR LTDA |
|
|
|
ELETRICA SILVEIRA LTDA |
|
|
|
GIMBA SUPRIM ESCRIT INFORMAT LTDA |
|
|
|
I Q B C PRODUTOS QUIMICOS LTDA |
|
|
|
IQBC PRODUTOS QUIMICOS LTDA |
|
11 4066-6622 |
|
MACRON IND. GRAFICA LTDA |
|
11 3845-8666 |
|
MANCHESTER CHEMICAL PRODS. QUIMICOS LTDA |
|
11 6905-1522 |
|
MKT BRASIL PHARMA COM. DE BRINDES E PRESENTES LTDA |
|
|
|
MUDE COMERCIO E SERVIÇOS LTDA |
|
|
|
NOVELIS DO BRASIL LTDA |
|
|
|
PHELPS DODGE BRASIL LTDA |
|
|
|
PIPPI PNEUS LTDA |
|
|
|
PLASTWAL INDUSTRIA DE PLASTICOS S/A |
|
|
|
PLATSVAL INDÚSTRIA DE PLÁSTICOS LTDA |
|
11 4612-2555 |
|
PROT-CAP ARTIG P/ PROTEÇÃO INDL LTDA |
|
|
|
RANGEL HERINGER & CIA LTDA |
|
|
|
RUDNIK COM DE PRODUTOS QUÍMICOS LTDA |
|
11 4702-6399 |
|
SQM BRASIL PRODUÇÃO COMERCIALIZAÇÃO PRODUTOS |
|
|
|
TICKET SERVIÇOS S/A |
|
11 883-7853 |
|
VEDAT TAMPAS HERMETRICAS LTDA |
|
11 4704-4266 |
|
VITALE ARTES GRAFICAS S/A |
|
|
|
PAYMENT HISTORY: |
|
18 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 203.254,00 |
|
|
|
AMOUNT OF INVOICES PAID: 27 |
|
TOTAL OF PROMPT PAYMENTS: 54,1% |
|
TOTAL OF DELAYED PAYMENTS: 45,9% |
|
|
|
HIGHEST INVOICE: R$ 84.456,00 |
|
HIGHEST CREDIT: R$ 84.456,00 |
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. UP TO DATE IT HAS A GOOD FINANCIAL STANDING, OPERATES WITH GROWING
SALES AND A CLEAR TRADE HISTORY. 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. DESPITE THE ABSENCE OF FURTHER FINANCIAL DATA AN INITIAL CREDIT LIMIT
OF US$ 1.000.000,00 MAY BE CONSIDERED. HIGHER AMOUNTS CAN BE GRANTED DEPENDING ON THE IMPORTANCE OF THE
OPERATIONS TO BE ESTABLISHED WITH THE SUBJECT. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.63 |
|
|
1 |
Rs.86.17 |
|
Euro |
1 |
Rs.69.74 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.