MIRA INFORM REPORT

 

 

Report Date :

20.04.2013

 

IDENTIFICATION DETAILS

 

Name :

COLUMBIA TRADING S/A

 

 

Registered Office :

Avenida Nossa Senhora Dos Navegantes,451  Andar: 11; Sala: 1.102/1103; Edif: Petro Tower Busines - Enseada Do Suá 29050-335 - Vitória/Es

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

10.04.1975

 

 

Legal Form :

Privately Held Corporation

 

 

Line of Business :

Subject is Engaged in The Commercial Operations of Import and Export, As Well as Rendering of Services of Commercial Consultancy, advisory and Planning of Import and Export. The Import Activities, Which Accounts for 95% of Revenue, Are Substantially Carried Out Through The Port of Vitória, Espirito Santo.

 

 

No. of Employees :

126

 

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

 

Company Name

 

COLUMBIA TRADING S/A

 

 

ADDRESSES

 

MAIN ADDRESS:

AVENIDA NOSSA SENHORA DOS NAVEGANTES,451  ANDAR: 11; SALA: 1.102/1103; EDIF: PETRO TOWER BUSINES - ENSEADA DO SUÁ

ZIP CODE/CITY:

29050-335 - VITÓRIA/ES

 

 

PHONE:

27 2123-0127

FAX:

27 2123-0129

E-MAIL:

rmariano@columbia.com.br / kaaraujo@columbia.com.br

WEB SIE

www.columbia.com.br

 

BRANCHES:

 

 

 

ADDRESS:

AVENIDA TAMBORÉ,1440 2°. ANDAR - ALPHAVILLE

ZIP CODE/CITY:

06460-000 BARUERI/SP

PHONE:

11 3305-9934

FAX:

11 3305-9934

 

 

ADDRESS:

RUA JOSE RODRIGUES PINHEIRO,2590 SALA 01 - CIDADE INDUSTRIAL

ZIP CODE/CITY:

81170-200 CURITIBA/PR

PHONE:

41 3062-1900

 

 

ADDRESS:

AVENIDA TEPORTI,876 SALA 10 - BAIRRO CORDEIROS

ZIP CODE/CITY:

88311-480 ITAJAÍ/SC

PHONE:

47 3249-7402

CNPJ:

46.548.574/0005-23

 

 

ADDRESS:

AVENIDA BRIGADEIRO FARIA LIMA,1485

ZIP CODE/CITY:

01452-921 SÃO PAULO/SP

PHONE:

11 3330-6700

CNPJ:

465485740

 

 

ADDRESS:

RUA CYRO CORREIA PEREIRA,2400 SALA 04

ZIP CODE/CITY:

81460-050 CURITIBA/PR

PHONE:

41 2104-3860

 

 

ADDRESS:

RODOVIA BR 242, KM 88 TRACHO,3 SALA 02 - DISTRITO INDUSTRIAL

ZIP CODE/CITY:

MAGALHAES/BA

 

 

ADDRESS:

AV. BATEL,1230 CONJ. 501

ZIP CODE/CITY:

80420-907 CURITIBA/PR

 

THE COMPANY ALSO HAS OTHER BRANCHES LOCATED IN: ANAPOLID/GO, BARUERI/SP, CURITIBA/PR, ITAJAI/SC, IGUATEMI/MS, LUIS EDUARDO MAGALHAES/BA, PORTO DOS GAUCHOS/MT, RONDONOPOLIS/MT, SANTOS/SP AND VARGINHA/MG.

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

SUBJECT IS ENGAGED IN THE COMMERCIAL OPERATIONS OF IMPORT AND EXPORT, AS WELL AS RENDERING OF SERVICES OF COMMERCIAL CONSULTANCY, ADVISORY AND PLANNING OF IMPORT AND EXPORT. THE IMPORT ACTIVITIES, WHICH ACCOUNTS FOR 95% OF REVENUE, ARE SUBSTANTIALLY CARRIED OUT THROUGH THE PORT OF VITÓRIA, ESPIRITO SANTO.

 

LEGAL FORM:

PRIVATELY HELD CORPORATION

 

 

INCORPORATION DATE:

10/04/1975

REGISTER DATE:

10/04/1975

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

46.548.574/0001-08

STATE REGISTER:

082.00416-1

 

 

SHARE CAPITAL:

R$ 13.048.274,09

LAST REGISTER OF CAPITAL:

20/12/2011

 

BOARD OF DIRECTORS:

 

 

 

RODRIGO FRANCO SOMLO

PRESIDENT DIRECTOR

RODRIGO OTTOBRINI SUCENA RASGA

DIRECTOR

NIVALDO TUBA

DIRECTOR

 

 

AUTHORIZED USE OF SIGNATURE

 

THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

COLUMBIA S/A

70%

RODRIGO FRANCO SOMLO

30%

 

AFFILIATES / SUBSIDIARIES:

 

 

 

COLUMBIA SERVIÇOS INTERNACIONAIS LTDA

99,90%

TERGUAR TERMINAISGUARUJÁ LTDA

14,12%

SISTECON SISTEMA INTEGRADO DE TERMINAIS LTDA

50,00%

EADISUL TERMINAL DE CARGAS LTDA

 

CRTS LOGISTICA AUTOMOTIVA S/A

40,00%

A ACTIVE CARGO DO BRASIL LTDA

99,75%

COLUMBIA SERV. AUX. DE TRANSPORTE AÉREO LTDA

99,96%

AAC LOGISTICS DO BRASIL LTDA

50,00%

PIM LOGISTICA S/A

11,60%

COLUMBIA SURGRVEYSEED S/A

14,12%

COLUMBIA TRANSPORTES LTDA

99,90%

RIO CUBATÃO LOGÍSTICA PORTUÁRIA LTDA

40,00%

AEROCOLUMBIA LTDA

99,99%

CONSORCIO EADI SANTO ANDRÉ

50,00%

ALPHA TRADING S/A

 

CONSORCIO EADI ANDRE

 

COLUMBIA METAIS S/A

99,90%

EADI SUL TERMINAL DE CARGAS LTDA

50,00%

ARMAZENS GERAIS COLUMBIA S/A

 

LR2 - AGROPECUARIA LTDA.

 

EELUM ADMINISTRAÇÃO E PARTICIPAÇÕES LTDA

 

ESCOL CIA. AGRICOLA E COMERCIAL

 

SCOL SOC COMERCIAL DE ORGANIZACAO DE NEGOCIOS LTDA

 

RFS PARTICIPACOES E ADMINISTRACAO LTDA

 

APC LOGISTICA DO NORDESTE S.A.

 

EXPORTADORA E IMPORTADORA ATLAS LTDA

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED IN 1975 AS IBERMAT DE DESENVOLVIMENTO AGROPECUARIO LTDA TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON MAY 17, 1999 IT ALTERED TO EXIMTRADING S/A. ON JUNE 24, 2004 IT ADOPTED THE ABOVE MENTIONED NAME.

 

FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN.

 

PUBLIC INFORMATION:

 

NO DETRIMENTAL FILES WERE FOUND.

 

 

FINANCIAL INFORMATION

 

GENERAL BALANCE SHEETS AS OF 31/12/2012, 31/12/2011 AND 31/12/2010.

( FIGURES ARE IN THOUSANDS OF REAIS ).

 

ASSETS

 

 

 

CURRENT:

31/12/2012

31/12/2011

31/12/2010

 

 

 

 

CASH AND BANKS

50.851

12.449

15.258

CLIENTS

270.060

204.374

95.374

INVENTORY

13.421

58.725

13.439

ADVANCES

59.966

48.092

44.528

TAX INCENTIVES

9.393

12.624

3.889

RECOVERABLE TAXES

19.548

41.418

4.700

INTERCOMPANY CREDITS

908

596

922

DERIVATIVES OPERATIONS

 

1.492

344

OTHER CREDITS

45

1.274

99

 

----------------

----------------

----------------

TOTAL CURRENT ASSETS

424.192

381.044

178.553

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

JUDICIAL DEPOSITS

531

406

355

DEFERRED TAXES

2.421

 

2.450

GUARANTEE DEPOSITS

5.489

3.122

695

IMPORTS IN PROGRESS

3.538

2.221

2.221

 

----------------

----------------

----------------

TOTAL LONG-TERM RECEIVABLES

11.979

5.749

5.721

 

FIXED ASSETS:

 

 

 

 

 

 

 

INVESTMENTS

5.668

1.833

2.059

FIXED ASSETS

7.569

6.484

1.262

INTANGIBLE

1.765

1.580

436

 

----------------

----------------

----------------

TOTAL FIXED ASSETS

15.002

9.897

3.757

 

================

================

================

TOTAL ASSETS

451.173

396.690

188.031

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2012

31/12/2011

31/12/2010

 

 

 

 

SUPPLIERS

119.723

140.643

63.177

LOANS AND FINANCING

259.087

204.092

85.733

LABOR OBLIGATIONS

3.212

3.780

2.696

TRIBUTARY OBLIGATIONS

19.922

8.594

4.453

INCOME TAX/SOCIAL CONTRIBUTION

2.368

 

2.859

INSTALLMENTS TAXES PAYABLE

1.083

1.065

1.101

ADVANCE FROM CLIENTS

10.274

3.380

2.979

DEBT WITH RELATED PARTIES

 

406

788

PROVISION FOR CONTINGENCIES

 

364

364

DIVIDENDS

2.804

3.757

2.881

OTHER DEBTS

100

32

460

DEFERRED INCOME

 

2.271

 

 

----------------

----------------

----------------

TOTAL CURRENT LIABILITIES

418.573

368.384

167.491

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

LOANS AND FINANCING

 

 

351

INSTALLMENTS TAXES PAYABLE

565

1.539

2.642

PROVISION FOR CONTINGENCIES

414

51

51

OTHER

 

 

363

DEFERRED TAXES

 

734

 

 

----------------

----------------

----------------

TOTAL LONG TERM LIABILITIES

979

2.324

3.407

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

13.049

13.049

5.896

OTHER COMPREHENSIVE INCOME

-6

-35

-52

PROFIT RESERVES

16.883

12.968

11.289

LEGAL RESERVES

1.697

 

 

 

----------------

----------------

----------------

TOTAL NET EQUITY

31.623

25.982

17.133

 

================

================

================

TOTAL LIABILITIES

451.175

396.690

188.031

 

PROFIT AND LOSS ACCOUNTS AS OF 31/12/2012, 31/12/2011 AND 31/12/2010.

( FIGURES ARE IN THOUSANDS OF REAIS ).

 

 

31/12/2012

31/12/2011

31/12/2010

 

 

 

 

GROSS SALES

1.615.966

1.635.558

1.025.603

(-) TAXES ON SALES

309.713

237.872

168.600

 

----------------

----------------

----------------

NET SALES

1.306.253

1.397.686

857.003

(-) COST OF SOLD GOODS

1.248.730

1.311.902

796.906

 

----------------

----------------

----------------

GROSS PROFIT

57.523

85.784

60.097

OPERATING REVENUE (EXPENSE)

-31.027

-24.120

-26.392

FINANCIAL REVENUE(EXPENSE)

-9.890

-34.674

-19.309

 

----------------

----------------

----------------

OPERATIONAL PROFIT (LOSS)

16.606

26.990

14.396

CONTRIBUTION/INCOME TAX

-4.752

-11.169

-2.267

 

----------------

----------------

----------------

NET PROFIT (LOSS)

11.854

15.821

12.129

 

RATIOS:

31/12/2012

31/12/2011

31/12/2010

 

QUICK RATIO

,98

 

,88

 

,99

 

CURRENT RATIO

1,01

 

1,03

 

1,07

 

ACCOUNTS RECEIVABLE TURNOVER

4,84

TIMES

6,84

TIMES

8,99

TIMES

DAYS' SALES IN RECEIVABLES

74,43

DAYS

52,64

DAYS

40,06

DAYS

INVENTORY TURNOVER

93,04

TIMES

22,34

TIMES

59,30

TIMES

ACCOUNTS PAYABLE PERIOD

34,52

DAYS

38,59

DAYS

28,54

DAYS

RETURN ON ASSETS

2,90

TIMES

3,52

TIMES

4,56

TIMES

SALES TURNOVER ON NET EQUITY

41,31

TIMES

53,79

TIMES

50,02

TIMES

NET WORTH TIE-UP

,24

 

,25

 

,07

 

INDEBTEDNESS

13,27

 

14,27

 

9,97

 

EQUITY RATIO

7,01

%

6,55

%

9,11

%

WORKING CAPITAL RATIO

1,34

%

3,44

%

6,60

%

GENERAL SOLVENCY

1,08

 

1,07

 

1,10

 

RETURN ON NET EQUITY

37,49

%

60,89

%

70,79

%

RETURN ON SALES (PROFIT MARGIN)

,91

%

1,13

%

1,42

%

GROSS PROFIT MARGIN

4,40

%

6,14

%

7,01

%

OPERATIONAL RESULT

1,27

%

1,93

%

1,68

%

SALES TURNOVER ON LIABILITIES

3,12

TIMES

3,79

TIMES

5,12

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 1,99

 - OFFICIAL RATE ON 16/04/2013

US$ 1,00 = R$ 2,04

 - OFFICIAL RATE ON 31/12/2012

US$ 1,00 = R$ 1,87

 - OFFICIAL RATE ON 31/12/2011

US$ 1,00 = R$ 1,66

 - OFFICIAL RATE ON 31/12/2010

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS

 

THE ANNUAL FIGURES AVAILABLE SHOW A FAIR FINANCIAL STANDING. THE LEVEL OF INDEBTEDNESS KEEPS VERY HIGH BUT THE LIQUIDITY IS CONSIDERED ACCEPTABLE. IN ADDITION IT IS NOTED STEADY SALES BUT PROFIT WAS MADE.

 

REAL ESTATE:

 

NOT AVAILABLE

 

VEHICLES:

 

NOT AVAILABLE

 

MACHINES:

 

NOT AVAILABLE

 

 

INSURANCE

 

THE SUBJECT IS SAID TO HOLD INSURANCE POLICIES BUT DETAILS WERE NOT DISCLOSED.

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

 

BANCO ITAU S/A

11 5506-2711

 

BANCO BRADESCO S/A

11 4689-4642

 

BANCO DO BRASIL S/A

11 3491-3962

 

BANCO BNL DO BRASIL S/A

11 3170-6111

 

 

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").

ACTIVITIES COMMENTS

 

SUBJECT IS ENGAGED IN THE COMMERCIAL OPERATIONS OF IMPORT AND EXPORT, AS WELL AS RENDERING OF SERVICES OF COMMERCIAL CONSULTANCY, ADVISORY AND PLANNING OF IMPORT AND EXPORT. THE IMPORT ACTIVITIES, WHICH ACCOUNTS FOR 95% OF REVENUE, ARE SUBSTANTIALLY CARRIED OUT THROUGH THE PORT OF VITÓRIA, ESPIRITO SANTO.

 

IMPORT AND EXPORT:

 

IMPORTS FROM:

CHINA, JAPAN, USA, ITALY, FRANCE AND THAILAND.

 

EXPORTS TO:

JAPAN AND USA.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

PHONE:

ARCOFIL BRASIL LTDA

 

 

CAR CRAFT SERVIÇOS E COM. LTDA

 

 

COMERCIAL IMPORTADORA MMD LTDA

 

11 3801-1446

DAISAN PRODUTOS INDUSTRIAIS LTDA

 

 

GALSTAFF MULTIRESINE DO BRASIL LTDA

 

 

GENTE BRASIL LTDA

 

 

GRUPO RADICI

 

11 4136-6500

JVC DO BRASIL LTDA

 

11 3145-1900

M. CASSAB COMERCIO INDUSTRIA LTDA

 

11 5522-7788

MATTEL DO BRASIL LTDA

 

11 2161-8847

NU SKIN BRASIL LTDA

 

 

PURO CIGAR DE HABANA REPRESENTAÇÕES LTDA

 

 

RADICI PLASTICS LTDA

 

 

RODOSIS RASTREAMENTOS DE VEICULOS LTDA

 

43 3315-8585

SPIN COMERCIAL LTDA

 

 

 

STAFF:

 

THE COMPANY HAS: 126 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS AN OLD-ESTABLISHED COMPANY, OPERATING SINCE 1975. IT HAS A HIGH SCALE OF ACTIVITIES AND BELONGS TO ONE OF THE LARGEST LEADING GROUPS IN THIS LINE OF BUSINESS. OUR INVESTIGATION SHOWED THE COMPANY IS MANAGED BY EXPERIENCED BUSINESSMEN AND ENJOYS A FAVORABLE REPUTATION WITH LOCAL SUPPLIERS AND CLIENTS.

 

THE COMPANY HAS TRADE RELATIONS WITH SOME CORE LOCAL SUPPLIERS. 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.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

PHONE:

BERGEN INFORMATICA LTDA.

 

 

COOPERATIVA DE PRODUTOS METALURGICOS DE MOCOCA COP.

 

 

ESTEVE IRMÃOS LTDA

 

 

GENIE BRASIL LTDA

 

 

GIMBA SUPRIMENTOS ESCRIT. INFORMATICA LTDA

 

11 6165-5083

GRANIBRAS GRANITOS BRASILEIROS LTDA.

 

 

IBM BRASIL IND. MAQUINAS E SERVIÇOS LTDA

 

 

ITAQUA MARMORES E GRANITOS LTDA.

 

 

PERFILADOS GRANADO LTDA

 

 

TAM EXPRESS

 

11 5091-3219

TAN LINHAS AEREAS S/A

 

 

TEGMA LOGISTICA INTEGRADA S/A

 

 

UNICONSULT SISTEMAS E SERVIÇOS S/C LTDA

 

 

 

FOREIGN SUPPLIERS:

COUNTRY:

PHONE:

PRECISION TRADING CORP.

USA

1 305 529-4500

 

PAYMENT HISTORY:

 

2 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 18.277,00

 

AMOUNT OF INVOICES PAID: 3

TOTAL OF PROMPT PAYMENTS: 100%

HIGHEST INVOICE: R$ 16.962,00

HIGHEST CREDIT: R$ 16.962,00

 

 

FINAL OPINION

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS. UP TO DATE IT SHOWS VERY HIGH SCALE OF ACTIVITIES, A FAIR FINANCIAL STANDING AND NO ADVERSE INFORMATION IS NOTED.

 

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.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.03

UK Pound

1

Rs.82.43

Euro

1

Rs.70.49

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.