MIRA
INFORM REPORT
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Report Date : |
04.09.2012 |
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IDENTIFICATION DETAILS
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Name : |
ELSTER MEDICAO DE ENERGIA LTDA |
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Registered Office : |
Rua Marcos Wainstein 447 Cachoeirinha, 94930-360 |
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Country : |
Brazil |
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Date of Incorporation : |
Not Available |
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Com. Reg. No.: |
05120418000156 |
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Legal Form : |
Private Independent |
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Line of Business : |
Manufacture of instruments and appliances for measuring, checking, testing, navigating and other purposes, except industrial process control equipment |
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No. of Employees : |
200 |
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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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Brazil |
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 |
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
Company name and address
Elster Medicao De
Energia Ltda.
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Business
Description
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Instruments to measure electricity |
Industry
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Industry |
Scientific and Technical Instruments |
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ANZSIC 2006: |
2419 - Other Professional and Scientific
Equipment Manufacturing |
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NACE 2002: |
3320 - Manufacture of instruments and
appliances for measuring, checking, testing, navigating and other purposes, except
industrial process control equipment |
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NAICS 2002: |
334515 - Instrument Manufacturing for
Measuring and Testing Electricity and Electrical Signals |
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UK SIC 2003: |
3320 - Manufacture of instruments and appliances
for measuring, checking, testing, navigating and other purposes, except
industrial process control equipment |
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UK SIC 2007: |
2651 - Manufacture of instruments and
appliances for measuring, testing and navigation |
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US SIC 1987: |
3825 - Instruments for Measuring and
Testing of Electricity and Electrical Signals |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = USD 1
2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1
Corporate Overview
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Executives Report
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.45 |
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1 |
Rs.87.98 |
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Euro |
1 |
Rs.69.69 |
INFORMATION DETAILS
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Report
Prepared by : |
PRL |
RATING EXPLANATIONS
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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 |
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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.