|
Report Date : |
26.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
MERCK S/A. |
|
|
|
|
Registered Office : |
Estrada Dos Bandeirantes,1099 – Jacarepaguá, 22710-571 - Rio De
Janeiro/Rj |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
22.02.1923 |
|
|
|
|
Legal Form : |
Privately Held Corporation |
|
|
|
|
Line of Business : |
Manufacture of Pharmaceuticals |
|
|
|
|
No. of Employees : |
1072 |
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 |
MERCK S/A.
|
MAIN ADDRESS: |
ESTRADA DOS BANDEIRANTES,1099 - JACAREPAGUÁ |
|
ZIP CODE/CITY: |
22710-571 - RIO DE JANEIRO/RJ |
|
|
|
|
PHONE: |
21 2444-2200 |
|
E-MAIL: |
|
|
WEB SITE: |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
LOTE 3A - GLEBA A, RUA TORRE EIFFEL,100 |
|
ZIP CODE/CITY: |
06705-481 CORIA/SP |
|
PHONE: |
11 4616-5431 |
|
FAX: |
11 4614-0109 |
|
|
|
|
ADDRESS: |
AV. NAÇÕES UNIDAS,12995 CONJ. 301 E 302 - BROOKLIN NOVO |
|
ZIP CODE/CITY: |
SÃO PAULO/SP |
|
CNPJ: |
330692120 |
|
|
|
|
ADDRESS: |
AV DO CONTORNO, Nº,6283 CJ. 304 |
|
ZIP CODE/CITY: |
30110-110 BELO HORIZONTE/MG |
|
|
|
|
ADDRESS: |
AV MARLY SARNEY,120 |
|
ZIP CODE/CITY: |
05040-840 SÃO LUÍS/MA |
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF PHARMACEUTICALS |
|
LEGAL FORM: |
PRIVATELY
HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
22/02/1923 |
|
REGISTER DATE: |
22/02/1923 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
33.069.212/0001-84 |
|
STATE REGISTER: |
82.123.911 |
|
|
|
|
SHARE CAPITAL: |
R$
187.765.759,00 |
|
LAST REGISTER OF CAPITAL: |
29/12/2009 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
CELSO ARAUJO BRAGA |
PRESIDENT DIRECTOR |
|
LUIZ ALBERTO BARRETO |
FINANCIAL DIRECTOR |
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
MERCK HOLDING GMBH |
R$
155.282.126,00 |
|
MERCK B.V. |
R$ 32.483.476,00 |
|
CELSO ARAUJO BRAGA |
R$ 121,00 |
|
CORNELIA HELGA BAUER |
R$ 24,00 |
|
FERNANDA PEREIRA RABELLO |
R$ 12,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
E.M. SUPRIMENTOS ANALITICOS LTDA |
|
|
IN 1827 UNDER THE SUPERVISING OF MR. HEINRICH EMANUEL MERCK (1794 -
1855) THE MERCK GROUP STARTED IMPROVING ITS INDUSTRIAL ACTIVITIES. MERCK IS AN EUROPEAN GROUP LEADER IN ITS LINE OF BUSINESS AND OFFERS
OVER 20 THOUSAND KINDS OF MEDICINES. IT IS HAS OPERATIONS IN 47 COUNTRIES AND
67 OWNED FACTORIES IN 28 OF THEM. IN BRAZIL ITS ACTIVITIES STARTED IN 1923 IN PALMIRA, MG. 10 YEARS
LATER IT MOVED ITS FACILITIES TO RIO DE JANEIRO AND STARTED THE LOCAL
PRODUCTION OF MEDICINES AND CHEMICALS. IN 1968 WERE STATED THE
ACTIVITIES OF MERK NORDESTE WITH THE INDUSTRIAL FACILITIES OF MERCK MARANHÃO
AND AFTER WITH THE FACILITIES OF THE COMPANY VEGETEX IN PARNAÍBA, PIAUÍ. IN 1974 IT BUILT A NEW FACTORY IN RIO DE JANEIRO AND SINCE THEM IT HAS
BEEN GROWING IN BRAZIL AND ABROAD AND BECAME ONE OF THE WORLD'S MOST
TRADITIONAL AND WELL-KNOWN COMPANIES IN ITS LINE OF BUSINESS. ON APRIL 28, 1972 IT ALTERED ITS CORPROATE NAME FROM MERCK S/A
PRODUTOS FARMACEUTICOS TO MERCK S/A INDÚSTRIAS QUÍMICAS. ON NOVEMBER 22, 2002
IT ADOPTED THE ABOVE MENTIONED NAME. ON MARCH 28, 2008 THE COMPANY TOOK OVER SERONO PRODUTOS FARMACÊUTICOS
LTDA. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
1 |
STATE LAWSUIT |
27/11/09 |
VARA DE EXEC. FISCAL ESTADUAL-SP |
|
GENERAL BALANCE SHEETS AS OF 31/12/2011, 31/12/2010 AND 31/12/2009. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
CASH AND BANKS |
15.202 |
34.692 |
28.960 |
|
CLIENTS |
144.469 |
126.815 |
114.523 |
|
INVENTORY |
135.931 |
124.871 |
77.052 |
|
RECOVERABLE TAXES |
9.581 |
43.626 |
23.519 |
|
PRE PAID EXPENSES |
981 |
949 |
989 |
|
OTHER |
5.669 |
8.040 |
9.258 |
|
CREDIT WITH RELATED PARTIES |
37.994 |
10.912 |
747 |
|
DEFERRED TAXES |
|
|
11.412 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
349.827 |
349.905 |
266.460 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
DEFERRED TAXES |
10.883 |
13.811 |
3.569 |
|
RECOVERABLE TAXES |
28.000 |
27.010 |
18.314 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
38.883 |
40.821 |
21.883 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
37.640 |
37.601 |
35.600 |
|
INTANGIBLE |
11.198 |
13.246 |
21.212 |
|
INVESTMENTS |
57.119 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
105.957 |
50.847 |
56.812 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
494.667 |
441.573 |
345.155 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
SUPPLIERS |
19.311 |
9.303 |
17.089 |
|
TAXES & CONTRIBUTIONS |
6.785 |
3.654 |
406 |
|
LABOR OBLIGATIONS |
14.900 |
17.710 |
17.555 |
|
ACCOUNTS PAYABLE |
4.032 |
3.301 |
9.309 |
|
INCOME TAX/SOCIAL CONTRIBUTION |
8.676 |
41.773 |
6.192 |
|
DEBT WITH RELATED PARTIES |
102.502 |
55.113 |
20.302 |
|
PROVISIONS |
3.307 |
2.630 |
|
|
DIVIDENDS |
7.601 |
11.749 |
|
|
INTERESTS ON OWN CAPITAL |
2.581 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
169.695 |
145.233 |
70.853 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
PROVISIONS |
29.348 |
37.027 |
34.860 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
29.348 |
37.027 |
34.860 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
187.766 |
187.766 |
187.766 |
|
CAPITAL RESERVES |
1.409 |
1.409 |
1.409 |
|
LEGAL RESERVES |
13.021 |
8.919 |
50.267 |
|
PROFIT RESERVES |
58.460 |
|
|
|
DIVIDENDS |
34.968 |
61.219 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
295.624 |
259.313 |
239.442 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
494.667 |
441.573 |
345.155 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2011, 31/12/2010 AND 31/12/2009. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
GROSS SALES |
1.010.520 |
934.427 |
856.866 |
|
(-) TAXES ON SALES |
129.075 |
128.242 |
117.290 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
881.445 |
806.185 |
739.576 |
|
(-) COST OF SOLD GOODS |
473.249 |
438.919 |
356.617 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
408.196 |
367.266 |
382.959 |
|
OPERATING REVENUE (EXPENSE) |
-287.836 |
-241.971 |
-291.365 |
|
FINANCIAL REVENUE(EXPENSE) |
4.910 |
4.098 |
-12.551 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
125.270 |
129.393 |
79.043 |
|
CONTRIBUTION/INCOME TAX |
-42.328 |
-42.942 |
-35.237 |
|
PROFIT SHARING |
-893 |
-530 |
-1.591 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
82.049 |
85.921 |
42.215 |
|
MONTHLY SALES |
|||
|
|
2012 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 63.684.654,04 |
|
|
|
FEBRUARY |
R$ 66.453.742,61 |
|
|
|
MARCH |
R$
115.570.190,19 |
|
|
|
APRIL |
R$ 71.250.473,18 |
|
|
|
MAY |
R$ 80.429.020,57 |
|
|
|
JUNE |
R$
112.007.297,47 |
|
|
|
JULY |
R$ 81.204.300,91 |
|
|
|
AUGUST |
R$ 84.181.419,27 |
|
|
|
SEPTEMBER |
R$
110.061.067,24 |
|
|
|
OCTOBER |
|
|
|
|
NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$
784.842.165,48 |
|
|
|
RATIOS: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
QUICK RATIO |
1,26 |
|
1,55 |
|
2,67 |
|
|
CURRENT RATIO |
2,06 |
|
2,41 |
|
3,76 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
6,10 |
TIMES |
6,36 |
TIMES |
6,46 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
59,00 |
DAYS |
56,63 |
DAYS |
55,75 |
DAYS |
|
INVENTORY TURNOVER |
3,48 |
TIMES |
3,52 |
TIMES |
4,63 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
14,69 |
DAYS |
7,63 |
DAYS |
17,25 |
DAYS |
|
RETURN ON ASSETS |
1,78 |
TIMES |
1,83 |
TIMES |
2,14 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
2,98 |
TIMES |
3,11 |
TIMES |
3,09 |
TIMES |
|
NET WORTH TIE-UP |
,13 |
|
,15 |
|
,15 |
|
|
INDEBTEDNESS |
,67 |
|
,70 |
|
,44 |
|
|
EQUITY RATIO |
59,76 |
% |
58,72 |
% |
69,37 |
% |
|
WORKING CAPITAL RATIO |
106,15 |
% |
140,93 |
% |
276,07 |
% |
|
GENERAL SOLVENCY |
2,49 |
|
2,42 |
|
3,27 |
|
|
RETURN ON NET EQUITY |
27,75 |
% |
33,13 |
% |
17,63 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
9,31 |
% |
10,66 |
% |
5,71 |
% |
|
GROSS PROFIT MARGIN |
46,31 |
% |
45,56 |
% |
51,78 |
% |
|
OPERATIONAL RESULT |
14,21 |
% |
16,05 |
% |
10,69 |
% |
|
SALES TURNOVER ON LIABILITIES |
5,19 |
TIMES |
5,55 |
TIMES |
10,44 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,02 |
- OFFICIAL RATE ON 23/10/2012 |
|
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 FIGURES AVAILABLE SHOW A GOOD FINANCIAL STANDING. IT SHOWS HIGH
LIQUIDITY RATIOS WITH POSITIVE WORKING CAPITAL AMOUNT AND LOW LEVEL OF
INDEBTEDNESS. IN ADDITION IT IS NOTED GROWING SALES AND PROFITABILITY. REMARK: THE INCREASE IN THE SALES VOLUME IS ATTRIBUTABLE TO THE
TAKEOVER OF SERONO. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 1.243.067,00
|
MACHINES: |
NOT AVAILABLE
|
THE SUBJECT IS SAID TO HOLD INSURANCE POLICIES BUT DETAILS WERE NOT
DISCLOSED. |
|
|
BRANCH/PHONE: |
|
|
BANCO ITAÚ S/A |
0911 / 21 3288-1535 |
|
|
BANCO BRADESCO S/A |
2373 / 21 3849-5477 |
|
|
BANCO DO BRASIL |
3309-X / 21 2543-1810 |
|
|
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 MANUFACTURE AND COMMERCIALIZATION OF
PHARMACEUTICAL, CHEMICAL, DIETARY, COSMETICS, REAGENTS, DIAGNOSTIC PRODUCTS,
CHEMICAL VEGETABLE PRODUCTS AND SCIENTIFIC APPARATUSES AS WELL AS
AGRO-INDUSTRIAL ACTIVITIES. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
GERMANY, PERU, CHILE, MEXICO, FRANCE, COLOMBIA AND URUGUAY. |
EXPORTS TO:
|
CHILE, PANAMA, VENEZUELA, PERU, MEXICO AND COLOMBIA. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
AUDITAR COM. DE DROGAS LTDA. |
|
|
|
DIMED DISTRIBUIDORA DE MEDICAMENTOS LTDA. |
|
|
|
JAMYR VASCONSELLOS S/A |
|
|
|
MACRON IND. GRAFICA LTDA |
|
|
|
MARTINS COM. SERVIÇOS DISTR. S/A |
|
|
|
MEDCALL PRODUTOS FARMACEUTICOS LTDA |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 1072 EMPLOYEE(S) |
|
THE SUBJECT IS AN OLD AND WELL-ESTABLISHED SUBSIDIARY OF MERCK GROUP A
MULTINATIONAL GROUP KNOWN WORLDWIDE BY ITS HIGH SCALE OF OPERATIONS AND HUGE
FINANCIAL POWER. IN BRAZIL IT OPERATES SINCE 1923 AND SO FAR IT HAS EXCELLENT
TRADE REPUTATION AND GOOD PAYMENT BEHAVIOR. LOCAL SUPPLIERS REPORTED THAT EXTEND CREDIT FACILITIES TO THE SUBJECT
IN TERMS AND AMOUNTS ACCORDING TO THE SUBJECT'S NEEDS AND SO FAR ALL THE
SUPPLIERS REPORTED THAT THE SUBJECT MEETS THE AGREED TERMS. 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. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
|
|
AGRO QUIMICA MARINGA S/A |
|
|
|
ALCAN PACKAGING DO BRASIL LTDA |
|
|
|
COPAG DA AMAZONIA S/A |
|
|
|
EMEFARMA RIO REPRESENTACOES LTDA |
|
|
|
EXAPLAS RESINAS PRODS. PLAST.LT. |
|
21 560-8861 |
|
GRÁFICA RAINHA LTDA. |
|
21 597-2112 |
|
IQ SOLUÇÕES & QUIMICA S/A |
|
|
|
LABORCLIN PROD PARA LAB LTDA |
|
|
|
LAKELAND BRASIL S/A |
|
|
|
MACRON IND. GRAFICA LTDA. |
|
|
|
MAKENI CHEMICALS COM IND PROD QUIMICOS LTDA |
|
|
|
PROT-CAP ARTIG P/ PROTEÇÃO INDL LTDA |
|
|
|
SHOT VTRONAC LTDA. |
|
21 597-0562 |
|
WHITE MARTINS FASES INDLS. LTDA |
|
|
|
WIKA DO BRASIL IND COM LTDA |
|
|
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
PHONE: |
|
ARES TRADING URUGUAY S/A |
URUGUAY |
(598) 2518 2351 |
|
EM INDUSTRIES |
U.S.A. |
|
|
MERCK KGAA |
GERMANY |
(49) 61 5172 7326 |
|
MERCK PERUANA |
LIMA / PERU |
51 5114375440 |
|
MERCK S.A. DE C.V. |
CIDADE DO MEXICO / MEXICO |
51 2122 1600 |
|
MERCK SANTIAGO |
SANTIAGO / CHILE |
51 5623400255 |
|
THEODOR SCHURCHARDT |
GERMANY |
|
|
PAYMENT HISTORY: |
|
8 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 49.335,00 |
|
|
|
AMOUNT OF INVOICES PAID: 24 |
|
TOTAL OF PROMPT PAYMENTS: 97,4% |
|
TOTAL OF DELAYED PAYMENTS: 2,6% |
|
|
|
HIGHEST INVOICE: R$ 12.479,00 |
|
HIGHEST CREDIT: R$ 12.479,00 |
|
THE SUBJECT IS AN OLD AND WELL-ESTABLISHED
COMPANY, MEMBER OF A MULTINATIONAL GROUP WITH A HUGE FINANCIAL POWER AND AN
EXCELLENT TRADE REPUTATION WORLDWIDE. BASED ON THE OVERALL 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 SIZE AND FINANCIAL STRENGTH. AN INITIAL CREDIT LIMIT OF USD
5.000.000,00 CAN 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.