|
Report Date : |
13.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
LANXESS ELASTÔMEROS DO BRASIL S A |
|
|
|
|
Registered Office : |
Rua Marumbi,600 Parte - |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
11.02.1977 |
|
|
|
|
Legal Form : |
Privately Held Corporation |
|
|
|
|
Line of Business : |
Manufacture of petrochemicals and chemicals. |
|
|
|
|
No. of Employees : |
554 |
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 : |
Exist |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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% in 2011, and 1.3% in 2012.
Unemployment is at historic lows and Brazil's traditionally high level of
income inequality has declined for each of the last 14 years. Brazil's
historically high interest rates have made 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
exchange 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.
In an effort to boost growth, in 2012 the administration implemented a somewhat
more expansionary monetary policy that has failed to stimulate much growth
Source
: CIA
LANXESS ELASTÔMEROS
DO BRASIL S/A
|
MAIN ADDRESS: |
RUA MARUMBI,600 PARTE - CAMPOS ELÍSEOS |
|
ZIP CODE/CITY: |
25221-000 - DUQUE DE CAXIAS/RJ |
|
|
|
|
PHONE: |
21 2677-1241 |
|
FAX: |
21 2677-1241 |
|
E-MAIL: |
anderson.faria@lanxess.com |
|
WEB SITE: |
www.lanxess.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RODOVIA BR 386 - TABAÍ/CANOAS - KM,419 - VIA DE CONTORNO, 920 - COMPLEXO BÁSICO - POLO PETROQUÍMICO |
|
ZIP CODE/CITY: |
95853-000 TRIUNFO/RS |
|
PHONE: |
51 2108-3200 |
|
FAX: |
51 2108-3324 |
|
CNPJ: |
29.667.227/0006-81 |
|
|
|
|
ADDRESS: |
RODOVIA BR 101 - KM,99 |
|
ZIP CODE/CITY: |
54510-900 CABO/PE |
|
PHONE: |
81 2119-7300 |
|
|
|
|
ADDRESS: |
AV MARIA COELHO AGUIAR,215 BLOCO B, 2º ANDAR - JD. SÃO LUIZ |
|
ZIP CODE/CITY: |
05804-902 SÃO PAULO/SP |
|
PHONE: |
11 3741-2500 |
|
FURTHER TO THE ABOVE THE COMPANY ALSO HAS OTHER BRANCHES LOCATED IN: CABO DE SANTO AGOSTINHO/PE, DUQUE DA CAXIAS/RJ, RIO DE JANEIRO/RJ, SÃO PAULO/SP, SANTOS/SP AND TRIUNFO/RS. |
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF PETROCHEMICALS AND CHEMICALS. |
|
LEGAL FORM: |
PRIVATELY HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
11/02/1977 |
|
REGISTER DATE: |
11/02/1977 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
29.667.227/0001-77 |
|
STATE REGISTER: |
80.192.460 |
|
|
|
|
SHARE CAPITAL: |
R$ 555.847.303,56 |
|
BOARD OF DIRECTORS: |
|
|
|
|
|
MARCELO LACERDA SOARES NETO |
PRESIDENT DIRECTOR |
|
FREDERIC ALEXANDRE CHARLES SCHOTT |
ADM./FINANCIAL DIRECTOR |
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS / PARTNERS: |
|
|
|
|
|
LANXESS INTERNATIONAL HOLDING GMBH |
99,99% |
|
LANXESS DEUTSCHLAND GMBH. |
0,01% |
|
AFFILIATES / SUBSIDIARIES: |
|
|
|
|
|
PETROFLEX TRADING S.A. |
100,00% |
|
PETROFLEX AMERICA INC. |
100,00% |
|
LANXESS INDÚSTRIA DE PRODUTOS QUÍMICOS E PLÁSTICOS LTDA |
|
|
LANXESS S.A DE C.V. |
|
|
LANXESS HONG KONG LTD. |
|
|
LANXESS INC. |
|
|
LANXESS CORP. |
|
|
LANXESS N.V. |
|
|
LANXESS PTE. LTD |
|
|
LANXESS AG. |
|
|
LANXESS INTERNATIONAL S.A. |
|
|
THE SUBJECT WAS ESTABLISHED ON FEBRUARY 11, 1977 AS PETROFLEX INDÚSTRIA E COMÉRCIO S/A., TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON FEBRUARY 03, 2009 IT ADOPTED THE ABOVE-MENTIONED NAME. ON OCTOBER 16, 2008, THE CONTROL OF THE COMPANY WAS TRANSFERRED TO LANXESS INTERNATIONAL HOLDING GMBH. THE PREVIOUS SHAREHOLDER "LANXESS PARTICIPAÇÕES LTDA" WAS TAKEN OVER BY IN DECEMBER 2008 BY LANXESS ELASTÔMEROS DO BRASIL S/A. CERTIFICATIONS: ISO 9001 ISO 14001. DIRECTORS: MARCELO LACERDA SOARES NETO: BRAZILIAN, LAWYER, MARRIED, HOLDER OF DOCUMENTS RG 11.389.478-8 SSP/SP AND CPF 701.701.697-15; FREDERIC ALEXANDRE CHARLES SCHOTT: FRENCH, ENTREPRENEUR, MARRIED, HOLDER OF DOCUMENTS RNE V851546-0 AND CPF 235.513.268-27, WITH ADDRESS AT AVENIDA MARIA COELHO DE AGUIAR, 215, BLOCO B, 2º ANDAR, JARDIM SÃO LUIZ, ZIP CODE 05804-902, SÃO PAULO/SP. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
|
PUBLIC INFORMATION: |
|
PROTESTS: |
|
4 PROTESTS,TOTAL AMOUNT R$ 7.143,74 |
|
DETAILS OF LATEST PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
CARTÓRIO DE RS-TRIUNFO |
24/09/2013 |
R$ 504,67 |
|
4º CARTÓRIO DE RJ-DUQUE DE CAXIAS |
30/07/2013 |
R$ 6.339,01 |
|
CARTÓRIO DE RS-TRIUNFO |
24/09/2013 |
R$ 98,10 |
|
2º CARTÓRIO DE RJ-DUQUE DE CAXIAS |
15/08/2013 |
R$ 201,96 |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
6 |
FEDERAL LAWSUITS |
12/01/12 |
2ª VARA DE RJ-DUQUE DE CAXIAS |
|
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 |
14.716 |
14.899 |
11.685 |
|
INVESTMENTS |
9.318 |
6.408 |
30.145 |
|
CLIENTS |
247.630 |
275.395 |
190.423 |
|
INVENTORY |
211.097 |
223.536 |
124.460 |
|
DERIVATIVES OPERATIONS |
6.155 |
1.264 |
8.513 |
|
RECOVERABLE TAXES |
55.704 |
73.068 |
42.179 |
|
OTHER |
682 |
4.124 |
3.888 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
545.302 |
598.694 |
411.293 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
CREDITS |
171.531 |
204.231 |
178.098 |
|
DEFERRED TAXES |
189.789 |
211.701 |
231.357 |
|
RECOVERABLE TAXES |
55.264 |
45.180 |
31.594 |
|
JUDICIAL DEPOSITS |
|
31.480 |
21.071 |
|
NOTES RECEIVABLE |
|
21.602 |
26.136 |
|
OTHER CREDITS |
|
909 |
4.245 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
416.584 |
515.103 |
492.501 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
3.368 |
3.333 |
2.895 |
|
FIXED ASSETS |
321.467 |
310.677 |
284.924 |
|
INTANGIBLE |
3.155 |
2.541 |
2.147 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
327.990 |
316.551 |
289.966 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
1.289.876 |
1.430.348 |
1.193.760 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
LOANS AND FINANCING |
25.784 |
131.563 |
156.270 |
|
SUPPLIERS |
104.296 |
138.677 |
71.143 |
|
TAXES & CONTRIBUTIONS |
3.920 |
3.095 |
10.910 |
|
DIVIDENDS |
17.464 |
5.478 |
5.339 |
|
PROVISIONS |
50.253 |
60.994 |
63.997 |
|
INTERCOMPANY DEBTS |
87.817 |
4.107 |
1.324 |
|
DERIVATIVES OPERATIONS |
17.198 |
13.532 |
193 |
|
MUTUAL CONTRACT |
|
70.771 |
35.611 |
|
OTHER |
384 |
1.887 |
4.075 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
307.116 |
430.104 |
348.862 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
|
1.157 |
5.207 |
|
PROVISIONS |
82.104 |
121.576 |
118.037 |
|
INSTALLMENTS TAXES PAYABLE |
42.666 |
40.453 |
41.768 |
|
PROV./LOSSES IN INVESTMENTS |
|
|
2.958 |
|
OTHER |
|
3.229 |
10.660 |
|
SUPPLIERS |
1.103 |
|
|
|
RELATED COMPANIES |
20.000 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
145.873 |
166.415 |
178.630 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
555.853 |
555.853 |
385.992 |
|
CAPITAL RESERVES |
129.558 |
129.558 |
129.558 |
|
PROFIT RESERVES |
282.034 |
229.644 |
212.058 |
|
TREASURY SHARES |
-23.086 |
-23.086 |
-23.086 |
|
OTHER COMPREHENSIVE INCOME |
-107.472 |
-58.140 |
-38.254 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
836.887 |
833.829 |
666.268 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
1.289.876 |
1.430.348 |
1.193.760 |
|
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 |
|
|
1.879.796 |
|
(-) TAXES ON SALES |
|
|
374.470 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
1.765.508 |
1.872.493 |
1.505.326 |
|
(-) COST OF SOLD GOODS |
1.473.472 |
1.709.131 |
1.280.121 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
292.036 |
163.362 |
225.205 |
|
OPERATING REVENUE (EXPENSE) |
-189.552 |
-107.990 |
-165.357 |
|
FINANCIAL REVENUE(EXPENSE) |
17.863 |
-6.363 |
-10.143 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
120.347 |
49.009 |
49.705 |
|
CONTRIBUTION/INCOME TAX |
-50.493 |
-25.945 |
-15.049 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
69.854 |
23.064 |
34.656 |
|
RATIOS: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
QUICK RATIO |
1,09 |
|
,87 |
|
,82 |
|
|
CURRENT RATIO |
1,78 |
|
1,39 |
|
1,18 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
7,13 |
TIMES |
6,80 |
TIMES |
7,91 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
50,49 |
DAYS |
52,95 |
DAYS |
45,54 |
DAYS |
|
INVENTORY TURNOVER |
6,98 |
TIMES |
7,65 |
TIMES |
10,29 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
25,48 |
DAYS |
29,21 |
DAYS |
20,01 |
DAYS |
|
RETURN ON ASSETS |
1,37 |
TIMES |
1,31 |
TIMES |
1,26 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
2,11 |
TIMES |
2,25 |
TIMES |
2,26 |
TIMES |
|
NET WORTH TIE-UP |
,38 |
|
,37 |
|
,43 |
|
|
INDEBTEDNESS |
,54 |
|
,72 |
|
,79 |
|
|
EQUITY RATIO |
64,88 |
% |
58,30 |
% |
55,81 |
% |
|
WORKING CAPITAL RATIO |
77,56 |
% |
39,20 |
% |
17,90 |
% |
|
GENERAL SOLVENCY |
2,85 |
|
2,40 |
|
2,26 |
|
|
RETURN ON NET EQUITY |
8,35 |
% |
2,77 |
% |
5,20 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
3,96 |
% |
1,23 |
% |
2,30 |
% |
|
GROSS PROFIT MARGIN |
16,54 |
% |
8,72 |
% |
14,96 |
% |
|
OPERATIONAL RESULT |
6,82 |
% |
2,62 |
% |
3,30 |
% |
|
SALES TURNOVER ON LIABILITIES |
5,75 |
TIMES |
4,35 |
TIMES |
4,32 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,16 |
- OFFICIAL RATE ON 18/10/2013 |
|
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 |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A NORMAL FINANCIAL STANDING. IT SHOWS GOOD CURRENT RATIO AND POSITIVE WORKING CAPITAL, AS WELL AS LOW LEVEL OF INDEBTEDNESS. IN ADDITION IT SHOWS DROP IN SALES BUT POSTED PROFIT. IT IS WORTH COMMENTING THAT THE SUBJECT HAS HIGH FINANCIAL POWER AND BELONGS TO LARGE-SIZED GROUP, THUS IT IS NOT LIKELY TO FACE FINANCIAL PROBLEMS AS IT MAY COUNT ON THE FINANCIAL SUPPORT OF ITS GROUP. |
OWNED PREMISES ARE VALUED AT R$ 53.087.000,00
NOT AVAILABLE
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 185.627.000,00
|
COVERAGE: |
INVENTORIES AND BUILDINGS - FIRE, RAY AND EXPLOSION |
|
VALUE: |
R$ 1.403.625.000,00 |
|
|
|
|
COVERAGE: |
GENERAL CIVIL LIABILITY |
|
VALUE: |
R$ 43.526.000,00 |
|
|
|
|
COVERAGE: |
CIVIL LIABILITY - DIRECTORS AND MANAGERS |
|
VALUE: |
R$ 17.200.000,00 |
|
|
|
|
COVERAGE: |
TRANSPORTS - ALL RISKS AGAINST LOSS AND DAMAGES TO THE GOODS - IMPORT AND EXPORT |
|
VALUE: |
R$ 66.000.000,00 |
|
|
|
|
COVERAGE: |
LIFE IN GROUP - DEATH/DISABILITY OF EMPLOYEES AND DIRECTORS |
|
VALUE: |
R$ 927.000,00 |
|
|
BRANCH/PHONE: |
|
|
BANCO BRADESCO S/A |
0026-4 |
|
|
BANCO ITAÚ S/A |
0911 |
|
|
BANCO SAFRA S/A |
0600 |
|
|
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 A PETROCHEMICAL AND CHEMICAL PRODUCTS. ITS MAIN PRODUCT IS SYNTHETIC RUBBER. |
IMPORTS FROM:
|
UNITED STATES, GERMANY AND FRANCE. |
EXPORTS TO:
|
SOUTH AMERICA (12,2%), NORTH AMERICA (10,4%), EUROPE (5,8%), ASIA/OCEANIA (7,9%) AND AFRICA (0,2%). |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC CLIENTS: |
|
|
|
BRIDGESTONE/FIRESTONE DO BRASIL LTDA |
|
|
|
GOODYEAR DO BRASIL PRODS. BORRACHA |
|
|
|
PIRELLI PNEUS S/A |
|
|
|
PNEUMÁTICOS MICHELIN LTDA |
|
|
|
VIPAL |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 554 EMPLOYEE(S) |
|
THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY IN BUSINESS SINCE 1977. IT HAS A HIGH SCALE OF OPERATIONS AND A HIGH FINANCIAL POWER. 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 LAWSUITS REPORTED ARE NOT RELATED WITH TRADE DEBTS. THEY ARE RELATED TO TAX DEBTS THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID. NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUITS DO NOT AFFECT THE COMPANY'S TRADE REPUTATION. OUR INVESTIGATION THROUGH THE PUBLIC SHOWED SOME DETRIMENTAL FILES REGISTERED AGAINST THE SUBJECT BUT DUE TO THE SUBJECT'S HIGH FINANCIAL STRENGTH AND HIGH SCALE OF OPERATIONS THE DETRIMENTAL FILES DO NOT AFFECT ITS TRADE REPUTATION. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC SUPPLIERS: |
|
|
|
BRAIDO |
|
|
|
BRASKEM S.A. |
|
|
|
CHEVRON/PHILIPS |
|
|
|
COPESUL - CIA PETROQUÍMICA DO SUL |
|
|
|
DOW/LYONDELL/INNOVA |
|
|
|
PETROQUÍMICA DO NORDESTE S/A |
|
|
|
PQU - PETROQUÍMICA UNIÃO S/A |
|
|
|
RESITEC |
|
|
|
SUZANO QUÍMICA LTDA. |
|
|
|
UNIPAR COMÉRCIO E DISTRIBUIDORA S.A. |
|
|
|
FOREIGN SUPPLIERS: |
|
|
|
PETROFLEX AMERICA INC. |
|
|
|
PETROFLEX INTERNATIONAL LTD. |
|
|
|
PETROFLEX TRADING S.A. |
|
|
|
8 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 2.663.944,00 |
|
|
|
AMOUNT OF INVOICES PAID: 38 |
|
TOTAL OF PROMPT PAYMENTS: 85,3% |
|
TOTAL OF DELAYED PAYMENTS: 14,7% |
|
|
|
HIGHEST INVOICE: R$ 140.400,00 |
|
HIGHEST CREDIT: R$ 95.935,00 |
|
|
|
OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
2 |
4 |
R$ 201.689,69 |
|
THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY. IT HAS A HIGH SCALE OF OPERATIONS AND A HUGE FINANCIAL POWER. BASED ON THE OVER ALL 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 MAY BE CONSIDERED. EVEN HIGHER AMOUNTS CAN BE GRANTED DEPENDING ON THE IMPORTANCE OF THE ACTIVITIES BEING ESTABLISHED WITH THE SUBJECT. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.62 |
|
|
1 |
Rs.100.84 |
|
Euro |
1 |
Rs.84.98 |
INFORMATION DETAILS
|
Report
Prepared by : |
NNA |
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.