|
Report Date : |
11.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
RENUKA DO BRASIL SA |
|
|
|
|
|
|
Registered Office : |
Av. Nove De Julho, 5519 / 5º Andar - Pinheiros 01407-200 - São Paulo/Sp |
|
|
|
|
|
|
Country : |
|
|
|
|
|
|
|
Financials (as on) : |
31.03.2009 |
|
|
|
|
|
|
Date of Incorporation : |
15.07.1980 |
|
|
|
|
|
|
Legal Form : |
Privately Held Corporation |
|
|
|
|
|
|
Line of Business : |
Sugar and Alcohol Mill. |
|
|
|
|
|
|
No. of Employees : |
7000 |
|
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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
RENUKA DO BRASIL
SA
|
MAIN ADDRESS: |
AV. NOVE DE JULHO, 5519 / 5º ANDAR - PINHEIROS |
|
ZIP CODE/CITY: |
01407-200 - SÃO PAULO/SP |
|
|
|
|
PHONE: |
11 3074-6900 |
|
FAX: |
11 3074-6900 |
|
E-MAIL: |
leli.ferreira@renukabrasil.com.br |
|
WEB SITE: |
www.renukabrasil.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA CARLOS RODRIGUES PINTO,85 - NOSSO TETO |
|
ZIP CODE/CITY: |
16370-000 PROMISSÃO/SP |
|
PHONE: |
14 3543-9111 |
|
CNPJ: |
43.932.102/0005-81 |
|
STATE REGISTER: |
564.017.725.113 |
|
|
|
|
ADDRESS: |
AV SELMA PARADA, Nº 201,
EDIFICIO II, 2ºANDAR, SALA,224 GALERIA OFFICE PARK - FAZENDA SAO
QUIRINO |
|
ZIP CODE/CITY: |
13091-901 CAMPINAS/SP |
|
PHONE: |
19 3707-4889 |
|
CNPJ: |
43.932.102/0009-05 |
|
STATE REGISTER: |
244.952.597.110 |
|
|
|
|
ADDRESS: |
RODOVIA MARECHAL RONDON, KM,455 - PATOS |
|
ZIP CODE/CITY: |
16370-000 PROMISSÃO/SP |
|
PHONE: |
14 3543-9110 |
|
MAIN ACTIVITIES: |
|
SUGAR AND ALCOHOL MILL. |
|
LEGAL FORM: |
PRIVATELY
HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
15/07/1980 |
|
REGISTER DATE: |
15/07/1980 |
|
BALANCE SHEET FILING DATE: |
31/03 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
43.932.102/0001-58 |
|
STATE REGISTER: |
110.415.640.112 |
|
|
|
|
SHARE CAPITAL: |
R$
1.246.605.368,88 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
PAULO ADALBERTO ZANETTI |
PRESIDENT DIRECTOR |
|
RICARDO JOSE PIRES DE AQUINO PEREIRA |
DIRECTOR |
|
MIGUEL LOWNDES DALE |
DIRECTOR |
|
PAULO CESAR GIBIM |
DIRECTOR |
|
TONY MARCELO GONZALEZ RIVERA |
DIRECTOR |
|
GERALDO DONIZETTI DE OLIVEIRA HOMEM |
DIRECTOR |
|
LUIZ ANTONIO BORGES |
DIRECTOR |
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
EQUIPAV S/A PAVIMENTACAO ENGENHARIA E COMERCIO |
|
|
GREQ PARTICIPAÇÕES E ADMINISTRAÇÃO LTDA |
|
|
EMPATE ENGENHARIA E COMERCIO LTDA |
|
|
SHREE RENUKA SÃO PAULO PARTICIPAÇÕES LTDA |
|
|
NARENDRA MURKUMBI |
|
|
ANDREA DE SOUSA RAMOS VETTORAZZO LINS |
|
|
ASHUTOSH MAHESHVARI |
|
|
GURDEEP SINGH |
|
|
OSCAR BORONAT VALLVERDU |
|
|
PEDRO AGUIAR DE FREITAS |
|
|
PLINIO MARIO NASTARI |
|
|
SERGIO LUIS BOTELHO DE MORAES TOLEDO |
|
|
LUIZ CONRADO DOS SANTOS CARVALHO SUNDFELD |
|
|
|
|
|
THE INTERESTS HELD BY EACH SHAREHOLDER WERE NOT DISCLOSED. THE FOLLOWING
SHAREHOLDERS’ NAMES WERE EXTRACTED FROM A MINUTE. FURTHER DETAILS ARE NOT
AVAILABLE. |
|
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
CONCREPAV S/A ENG. E COMÉRCIO |
16,45% |
|
FERTIPAV FERTILIZANTES AGRÍCOLAS LTDA |
99,96% |
|
BARREIRINHA AGROPEC. LTDA |
78,00% |
|
AGROPAV AGROPECUÁRIA LTDA |
78,04% |
|
NOVAGROPAV AGROPECUÁRIA LTDA |
78,00% |
|
CANAPAV AGROPECUÁRIA LTDA |
78,00% |
|
BIOPAV S/A AÇÚCAR E ÁLCOOL |
50,00% |
|
EQUIPAV GERADORA DE ENERGIA ELÉTRICA LTDA |
99,64% |
|
TRANSPAV PREST. SERV. GERAIS LTDA |
50,00% |
|
THE SUBJECT WAS ESTABLISHED ON JULY 15, 1980 AS EQUIPAV S/A AÇÚCAR E
ÁLCOOL. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. LATER IT ADOPTED THE ABOVE
MENTIONED NAME AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE
REPORTED HEREIN. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY IS SO FAR NOT KNOWN. REMARKS: -------- WHEN INTERVIEWED SOURCES AT THE SUBJECT STATED THAT ARE STILL WAITING
FOR AUTHORIZATION FROM THE PRINCIPALS TO PROVIDE THE DATA NECESSARY TO
COMPLETE THIS REPORT. A REQUEST FOR FURTHER DATA HAS BEEN SENT TO THE COMPANY. PROVIDED THE
DATA REQUESTED ARE RECEIVED FROM THE SUBJECT A COMPLEMENTARY REPORT WILL BE
SENT TO YOUR ATTENTION. 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: |
|
PROTESTS: |
|
237 PROTESTS,TOTAL AMOUNT R$ 1.879.243,66 |
|
DATE OF FIRST PROTEST:
12/2008 R$ 2.130,04 |
|
DATE OF HIGHEST PROTEST:
07/2009 R$ 168.646,56 |
|
DETAILS OF LATEST PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
2º CARTÓRIO DE PROMISSÃO/SP |
13/08/2012 |
R$ 495,73 |
|
1º CARTÓRIO DE PROMISSÃO/SP |
13/08/2012 |
R$ 2.548,24 |
|
2º CARTÓRIO DE PROMISSÃO/SP |
13/08/2012 |
R$ 34.385,16 |
|
3º CARTÓRIO DE CAMPINAS/SP |
17/08/2012 |
R$ 12.696,00 |
|
2º CARTÓRIO DE PROMISSÃO/SP |
27/08/2012 |
R$ 2.488,00 |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
3 |
EXECUTIVE LAWSUITS |
17/07/12 |
1ª VARA DE PROMISSAO/SP |
|
1 |
STATE LAWSUIT |
12/04/11 |
2º VARA DE PROMISSAO/SP |
|
GENERAL BALANCE SHEETS AS OF 31/03/2009 AND 31/03/2008. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/03/2009 |
31/03/2008 |
|
|
|
|
|
|
|
CASH AND BANKS |
3.409 |
14.914 |
|
|
INVESTMENTS |
189 |
24.288 |
|
|
CLIENTS |
14.645 |
36.073 |
|
|
INVENTORY |
20.623 |
42.558 |
|
|
ADVANCE TO SUPPLIERS |
68.259 |
118.205 |
|
|
RECOVERABLE TAXES |
11.550 |
13.695 |
|
|
OTHER CREDITS |
6.036 |
6.238 |
|
|
INTERCOMPANY CREDITS |
167.181 |
109.944 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
291.892 |
365.915 |
|
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
INTERCOMPANY CREDITS |
226.906 |
293.821 |
|
|
JUDICIAL DEPOSITS |
9.504 |
9.515 |
|
|
RECOVERABLE TAXES |
4.576 |
6.668 |
|
|
ADVANCE TO SUPPLIERS |
47.543 |
41.252 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL LONG-TERM RECEIVABLES |
288.529 |
351.256 |
|
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
402.178 |
438.349 |
|
|
FIXED ASSETS |
310.926 |
373.256 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL FIXED ASSETS |
713.104 |
811.605 |
|
|
|
================ |
================ |
|
|
TOTAL ASSETS |
1.293.525 |
1.528.776 |
|
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/03/2009 |
31/03/2008 |
|
|
|
|
|
|
|
SUPPLIERS |
86.950 |
43.713 |
|
|
LOANS AND FINANCING |
731.671 |
618.511 |
|
|
LABOR OBLIGATIONS |
6.265 |
4.555 |
|
|
INTERCOMPANY DEBTS |
24.340 |
24.705 |
|
|
ADVANCE FROM CLIENTS |
9.754 |
11.007 |
|
|
ACCOUNTS PAYABLE |
239 |
254 |
|
|
BANKING DEBTS |
12.637 |
9.975 |
|
|
TAXES & CONTRIBUTIONS |
30.813 |
4.527 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
902.669 |
717.247 |
|
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
312.186 |
299.791 |
|
|
INTERCOMPANY DEBTS |
197.146 |
76.901 |
|
|
DEFERRED TAXES |
31.361 |
42.109 |
|
|
PROVISION FOR CONTINGENCIES |
23.527 |
21.231 |
|
|
TAXES AND CONTRIBUTIONS |
2.813 |
|
|
|
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
567.033 |
440.032 |
|
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
596.578 |
596.578 |
|
|
PROFIT RESERVES |
3 |
3 |
|
|
REVALUATION RESERVES |
108.404 |
144.158 |
|
|
ACCRUED PROFIT (LOSS) |
-881.162 |
-369.242 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL NET EQUITY |
-176.177 |
371.497 |
|
|
|
================ |
================ |
|
|
TOTAL LIABILITIES |
1.293.525 |
1.528.776 |
|
|
PROFIT AND LOSS ACCOUNTS AS OF 31/03/2009 AND 31/03/2008. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
31/03/2009 |
31/03/2008 |
|
|
|
|
|
|
|
GROSS SALES |
544.103 |
108.324 |
|
|
(-) TAXES ON SALES |
51.128 |
6.727 |
|
|
|
---------------- |
---------------- |
|
|
NET SALES |
492.975 |
101.597 |
|
|
(-) COST OF SOLD GOODS |
380.811 |
91.845 |
|
|
|
---------------- |
---------------- |
|
|
GROSS PROFIT |
112.164 |
9.752 |
|
|
OPERATING REVENUE (EXPENSE) |
-266.946 |
-38.711 |
|
|
FINANCIAL REVENUE(EXPENSE) |
-403.476 |
-31.357 |
|
|
|
---------------- |
---------------- |
|
|
OPERATIONAL PROFIT (LOSS) |
-558.258 |
-60.316 |
|
|
CONTRIBUTION/INCOME TAX |
10.748 |
1.307 |
|
|
|
---------------- |
---------------- |
|
|
NET PROFIT (LOSS) |
-547.510 |
-59.009 |
|
|
RATIOS: |
31/03/2009 |
31/03/2008 |
|
|
QUICK RATIO |
,30 |
|
,45 |
|
|
|
|
CURRENT RATIO |
,32 |
|
,51 |
|
|
|
|
ACCOUNTS RECEIVABLE TURNOVER |
33,66 |
TIMES |
2,82 |
TIMES |
|
|
|
DAYS' SALES IN RECEIVABLES |
2,67 |
DAYS |
31,96 |
DAYS |
|
|
|
INVENTORY TURNOVER |
18,47 |
TIMES |
2,16 |
TIMES |
|
|
|
ACCOUNTS PAYABLE PERIOD |
20,55 |
DAYS |
42,83 |
DAYS |
|
|
|
RETURN ON ASSETS |
,38 |
TIMES |
,07 |
TIMES |
|
|
|
SALES TURNOVER ON NET EQUITY |
-2,80 |
TIMES |
,27 |
TIMES |
|
|
|
NET WORTH TIE-UP |
-1,76 |
|
1,00 |
|
|
|
|
INDEBTEDNESS |
-8,34 |
|
3,12 |
|
|
|
|
EQUITY RATIO |
-13,62 |
% |
24,30 |
% |
|
|
|
WORKING CAPITAL RATIO |
-67,66 |
% |
-48,98 |
% |
|
|
|
GENERAL SOLVENCY |
,88 |
|
1,32 |
|
|
|
|
RETURN ON NET EQUITY |
310,77 |
% |
-15,88 |
% |
|
|
|
RETURN ON SALES (PROFIT MARGIN) |
-111,06 |
% |
-58,08 |
% |
|
|
|
GROSS PROFIT MARGIN |
22,75 |
% |
9,60 |
% |
|
|
|
OPERATIONAL RESULT |
-113,24 |
% |
-59,37 |
% |
|
|
|
SALES TURNOVER ON LIABILITIES |
,55 |
TIMES |
,14 |
TIMES |
|
|
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,03 |
- OFFICIAL RATE ON 06/09/2012 |
|
US$ 1,00 = R$ 2,31 |
- OFFICIAL RATE ON 31/03/2009 |
|
US$ 1,00 = R$ 1,68 |
- OFFICIAL RATE ON 31/03/2008 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW AN UNFAVORABLE FINANCIAL STANDING. THE
LIQUIDITY IS LOW AND THE LEVEL OF INDEBTEDNESS INCREASED TO A HIGH LEVEL. IN
ADDITION IT SHOWS DROP ON SALES AND THE HIGH OPERATING AND FINANCIAL EXPENSES
LED THE COMPANY TO MAKE LOSS AGAIN. RENARKS: ON MARCH 31, 2008 SUBJECT CHANGED ITS FISCAL CALENDAR FROM DECEMBER
31, TO MARCH 31, THEREFORE THE BALANCE SHEET FOR MARCH 31, 2008 COMPRISE ONLY
3 MONTHS. A REQUEST FOR FURTHER DATA HAS BEEN SENT TO THE COMPANY. PROVIDED THE
DATA REQUESTED ARE RECEIVED FROM THE SUBJECT A COMPLEMENTARY REPORT WILL BE
SENT TO YOUR ATTENTION. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
50.794.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
19.377.000,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 208.647.000,00
|
NOT AVAILABLE |
|
|
BRANCH/PHONE: |
CITY: |
|
HSBC BANK BRASIL S/A |
14 3522-3144 |
LINS/SP |
|
BANCO DO BRASIL S/A |
19 3794-9009 |
CAMPINAS/SP |
|
BANCO BRADESCO S/A |
14 3541-0175 |
PROMISSÃO/SP |
|
BANCO ITAUBANK S/A |
19 3775-1211 |
CAMPINAS/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"). |
|
SUBJECT IS ENGAGED IN THE SUGAR AND ALCOHOL MILLING. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE |
EXPORTS TO:
|
NOT AVAILABLE |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
CITY: |
|
|
DISTR. PETER. IPIRANGA |
BAURU/SP |
|
|
ESSO BRAIL PETER S/A |
BAURU/SP |
|
|
PANDURATA ALIMENTOS LTDA |
SÃO PAULO/SP |
|
|
SESSE ALIMENTOS LTDA |
JARAGUA DO SUL/SC |
|
|
SHELL BRASIL S/A PET. |
BAURU/SP |
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 7000 EMPLOYEE(S) |
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1980.
HOWEVER, IT HAS A CLEAR TRADE HISTORY AFFECTED BY SEVERAL DETRIMENTAL FILES
SHOWED RECENTLY. OUR INVESTIGATION THROUGH THE PUBLIC RECORDS SHOWED SEVERAL DETRIMENTAL
FILES REGISTERED AGAINST THE SUBJECT, INDICATING IT HAS BEEN FAILING TO
FULFILL ITS TRADE COMMITMENTS PROPERLY. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
DEDINI S/A INDÚSTRIA E COMÉRCIO |
|
19 3641-3131 |
|
FASAL S/A COM. IND. PRODUTOS SIDERURGICOS |
|
19 3434-6977 |
|
LINK STEEL EQUIPAMENTOS INDUSTRIAIS LTDA |
|
19 3493-9300 |
|
NG METALURGIA LTDA |
|
19 3429-7123 |
|
RENK ZANINI S/A EQUIPAMENTOS INDUSTRIAIS |
|
16 3951-9000 |
|
PAYMENT HISTORY: |
|
13 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 225.501,00 |
|
|
|
AMOUNT OF INVOICES PAID: 95 |
|
TOTAL OF PROMPT PAYMENTS: 90,3% |
|
TOTAL OF DELAYED PAYMENTS: 9,7% |
|
|
|
HIGHEST INVOICE: R$ 57.400,00 |
|
HIGHEST CREDIT: R$ 57.400,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
1 |
1 |
R$ 632,24 |
|
BASED ON THE OVERALL DATA AVAILABLE THE SUBJECT MAY BE CONSIDERED FOR
NORMAL BUSINESS COMMITMENTS. CREDIT FACILITIES HOWEVER SHOULD BE GRANTED ON
FULLY SECURED TERMS ONLY DUE TO THE UNBALANCED FINANCIAL STANDING AND THE
HIGH AMOUNT OF DETRIMENTAL FILES. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.34 |
|
|
1 |
Rs.88.50 |
|
Euro |
1 |
Rs.70.74 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.