MIRA INFORM REPORT

 

 

Report Date :

12.01.2013

 

IDENTIFICATION DETAILS

 

Name :

UPL DO BRASIL INDUSTRIA E COMERCIO DE INSUMOS AGROPECUARIOS S/A

 

 

Registered Office :

Av. Maeda S/N, - Distrito Industrial 14500-000 - Ituverava/Sp

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

05.02.1999

 

 

Legal Form :

Privately Held Corporation

 

 

Line of Business :

Manufacture and Industrialization of Products for Agriculture in General.

 

 

No. of Employees :

207

 

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

 

UPL DO BRASIL INDUSTRIA E COMERCIO DE INSUMOS AGROPECUARIOS S/A

 

 

ADDRESSES

 

MAIN ADDRESS:

AV. MAEDA S/N, - DISTRITO INDUSTRIAL

ZIP CODE/CITY:

14500-000 - ITUVERAVA/SP

 

 

PHONE:

163829-9200

E-MAIL:

vanessa.r@dvabrasil.com.br

WEB SITE:

www.dvabrasil.com.br

 

BRANCHES:

 

 

 

ADDRESS:

AVENIDA Z,150 - ARMAZEM 40D

ZIP CODE/CITY:

78098-530 CUIABÁ/MS

 

 

ADDRESS:

AVENIDA MAEDA - S/Nº.,0 - DISTRITO INDUSTRIAL

ZIP CODE/CITY:

14500-000 ITUVERAVA/SP

PHONE:

16 3829-9210

FAX:

16 3829-9210

CNPJ:

02.974.733/0003-14

STATE REGISTER:

389.102.627.118

 

 

ADDRESS:

RODOVIA CARLOS JOÃO STRASS,800 - SALA C

ZIP CODE/CITY:

86087-350 LONDRINA/PR

 

 

ADDRESS:

RODOVIA BR 386 - S/Nº. - KM 173,5 - SALA 50 - BOA VISTA

ZIP CODE/CITY:

99500-000 CARAZINHO/RS

 

 

ADDRESS:

AVENIDA EURÍPEDES MENEZES - ESQUINA C/ AVENIDA MARIA ELIAS LISBOA,0 SANTOS - QUADRA 04 - MÓDULOS 14 AO 17 - ARMAZÉM 1F - PARQUE INDUSTRIAL APARECIDA

ZIP CODE/CITY:

74993-540 APARECIDA DE GOIÂNIA/GO

 

 

ADDRESS:

RUA JOSE GERALDO FERREIRA,95 - DISTRITO PAZ

ZIP CODE/CITY:

13092-807 CAMPINAS/SP

PHONE:

19 3794-5645

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE AND INDUSTRIALIZATION OF PRODUCTS FOR AGRICULTURE IN GENERAL.

 

LEGAL FORM:

PRIVATELY HELD CORPORATION

 

 

INCORPORATION DATE:

05/02/1999

REGISTER DATE:

05/02/1999

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

02.974.733/0001-52

STATE REGISTER:

244.733.478.115

 

 

SHARE CAPITAL:

R$ 51.670.434,00

LAST REGISTER OF CAPITAL:

24/07/2011

 

BOARD OF DIRECTORS:

 

 

 

MARIA CONCEIÇÃO GUIMARAES

DIRECTOR

EDISON THOMAZ KOPACHESKI JUNIOR

DIRECTOR

ROGERIO PEREIRA DE CASTRO

DIRECTOR

VICENTE AMADEO GONGORA

DIRECTOR

 

 

AUTHORIZED USE OF SIGNATURE

 

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

 

SHAREHOLDERS / PARTNERS:

 

 

 

DVA AGRO GMBH

22,74%

UNITED PHOSPHORUS EMPRE. E PARTICIPAÇÕES LTDA

51,00%

DVA EMPREENDIMENTOS E PARTICIPAÇÕES S/A

26,26%

 

AFFILIATES / SUBSIDIARIES:

 

 

 

DVA ARMAZENS GERAIS LTDA

 

DVA TECHNOLOGY - SERV. DE CONS. EM TECNOL. E REGISTROS LTDA

 

MDA IND. E COM. DE AGROQ., FERTIL. E ESPECIALIDADES LTDA

 

DVA VETERINARIA - COM., IMP. E EXP. DE PRODS. VETERINÁRIOS L

 

DVA ESPECIALIDADES - COM., IMP., EXP. DE INSUMOS AGROP. LTDA

 

DVA AGRO SERV. DE TRANSBORDO, COM.E ARMAZ. PRODS. AGRIC. LT

 

VICA CONSULTORIA EMPRESARIAL LTDA

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON FEBRUARY 05, 1999 AS CONDAX COMERCIAL LTDA. TO BE ENGAGED IN THE SAID LINE OF BUSINESS BUT REMAINED UNDER PRE-OPERATIONAL PHASE UNTIL LATE 2005 WHEN IT STARTED ITS OPERATIONAL ACTIVITIES. ON JUNE 28, 2006 IT ALTERED TO DVA AGRO DO BRASIL - COMERCIO, IMPORTAÇÃO E EXPORTAÇÃO DE INSUMOS AGROPECUARIOS LTDA. JULY 07, 2011 IT ALTERED TO DVA AGRO DO BRASIL - COMERCIO, IMPORTAÇÃO E EXPORTAÇÃO DE INSUMOS AGROPECUARIOS S/A. ON MAY 24, 2012 IT ALTERED TO ABOVE-MENTIONED NAME.

 

ON JUNE 05, 2008 SUBJECT TOOK OVER THE COMPANY DVA COMÉRCIO IMPORTAÇÃO E EXPORTAÇÃO DE INSUMOS AGROPECUÁRIOS LTDA.

 

ON DECEMBER 01, 2010 SUBJECT TOOK OVER THE COMPANY DVA COMÉRCIO DE PRODUTOS QUÍMICOS LTDA, CNPJ 05.684.867/0001-27.

 

BUSINESS ADDRESS HAS CHANGED FROM (RUA DR. PAULO CASTRO PUPO NOGUEIRA, 90, NOVO – CAMPINAS/SP) TO THE PRESENT REGISTERED ONE.

 

 

PARTNERS/PRINCIPALS:

 

DVA AGRO GMBH (FORMERLY ADVANCED HANDELSGESELLSCHAFT DETLEF VON APPEN) HEADQUARTERED AT STADTHAUSBRÜCKE 1-3, 20355 HAMBURG, FEDERATIVE REPUBLIC OF GERMANY, TAXPAYER'S REGISTRATION UNDER 05.672.007/0001-73, REPRESENTED BY ITS ATTORNEY, MR. PLINIO ANDO YOSHIYASU, BRAZILIAN, MARRIED, LAWYER, HOLDER OF DOCUMENTS RG 23.174.035-9 SSP/SP AND CPF 246.591.718-84, BUSINESS ADDRESS AT AVENIDA BRIGADEIRO FARIA LIMA, 1355, 17º E 18º ANDARES, JARDIM PAULISTANO, ZIP CODE 01452-919, SÃO PAULO/SP;

 

DVA EMPREENDIMENTOS E PARTICIPAÇÕES S/A: NOT AVAILABLE;

 

UNITED PHOSPHORUS EMPREENDIMENTOS E PARTICIPAÇÕES LTDA.: NOT AVAILABLE.

 

THE COMPANY IS IN COURSE OF CHANGING ITS NAME TO DVA AGRO DO BRASIL S/A. HOWEVER, SUCH PROCEEDING IS STILL BEING ANALYZED BY THE REGISTER OF COMPANIES.

 

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 31/12/2011, 31/12/2010 AND 31/12/2009.

( FIGURES ARE IN REAIS ).

 

ASSETS

 

 

 

CURRENT:

31/12/2011

31/12/2010

31/12/2009

 

 

 

 

CASH AND CASH EQUIVALENTS

10.611.000,00

3.588.997,00

997.937,00

CLIENTS

164.809.000,00

118.010.153,00

104.079.194,00

RECOVERABLE TAXES

6.716.000,00

4.906.137,00

4.675.824,00

INVENTORY

84.640.000,00

36.926.594,00

34.322.511,00

PRE PAID EXPENSES

 

257.400,00

556.961,00

INTERCOMPANY CREDITS

856.000,00

9.500.688,00

18.166.177,00

ADVANCES

 

2.169.471,00

4.174.530,00

GRANTED LOANS

 

 

68.138,00

OTHER

124.000,00

 

 

 

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

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

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

TOTAL CURRENT ASSETS

267.756.000,00

175.359.440,00

167.041.272,00

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

RECOVERABLE TAXES

458.000,00

3.040.862,00

5.072.163,00

INVESTMENTS

 

46.000.000,00

 

MUTUAL CONTRACT

 

12.294.304,00

 

CLIENTS

5.948.000,00

 

 

DEFERRED TAXES

20.587.000,00

 

 

 

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

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

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

TOTAL LONG-TERM RECEIVABLES

26.993.000,00

61.335.166,00

5.072.163,00

 

FIXED ASSETS:

 

 

 

 

 

 

 

INVESTMENTS

85.000,00

7.987.545,00

8.694.223,00

FIXED ASSETS

38.252.000,00

36.133.013,00

29.849.943,00

INTANGIBLE

65.505.000,00

9.744.165,00

6.007.973,00

 

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

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

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

TOTAL FIXED ASSETS

103.842.000,00

53.864.723,00

44.552.139,00

 

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

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

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

TOTAL ASSETS

398.591.000,00

290.559.329,00

216.665.574,00

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2011

31/12/2010

31/12/2009

 

 

 

 

SUPPLIERS

75.682.000,00

69.355.087,00

74.190.123,00

TRIBUTARY OBLIGATIONS

2.457.000,00

506.051,00

3.797.781,00

LABOR OBLIGATIONS

2.178.000,00

1.188.693,00

623.193,00

ADVANCE FROM CLIENTS

352.000,00

299.546,00

12.120.849,00

INTERCOMPANY BORROWINGS

 

120.000,00

6.011.149,00

LOANS AND FINANCING

65.452.000,00

97.497.795,00

49.674.538,00

DEBT WITH RELATED PARTIES

38.783.000,00

20.182.835,00

18.514.604,00

OTHER

3.568.000,00

5.058.511,00

2.171.906,00

DEBT WITH PARTNERS

 

 

752.311,00

PROVISIONS

61.000,00

 

 

 

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

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

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

TOTAL CURRENT LIABILITIES

188.533.000,00

194.208.518,00

167.856.454,00

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

RELATED COMPANIES

 

2.514.921,00

3.181.533,00

LOANS AND FINANCING

36.330.000,00

39.677.781,00

20.103.989,00

SUPPLIERS

 

2.000.000,00

7.500.000,00

TRIBUTARY OBLIGATIONS

 

5.747.230,00

 

PROVISION FOR CONTINGENCIES

 

5.166.000,00

 

DEFERRED TAXES

1.893.000,00

 

 

LABOR PROVISIONS

5.644.000,00

 

 

 

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

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

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

TOTAL LONG TERM LIABILITIES

43.867.000,00

55.105.932,00

30.785.522,00

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

51.670.000,00

30.000.000,00

5.000.000,00

CAPITAL RESERVES

155.354.000,00

5.784,00

5.784,00

ACCRUED PROFIT (LOSS)

-40.833.000,00

2.165.443,00

12.863.398,00

PROFIT (LOSS) OF PERIOD

 

9.073.653,00

3.076.317,00

UNPAID CAPITAL

 

 

-2.921.901,00

 

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

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

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

TOTAL NET EQUITY

166.191.000,00

41.244.880,00

18.023.598,00

 

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

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

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

TOTAL LIABILITIES

398.591.000,00

290.559.330,00

216.665.574,00

 

PROFIT AND LOSS ACCOUNTS AS OF 31/12/2011, 31/12/2010 AND 31/12/2009.

( FIGURES ARE IN REAIS ).

 

 

31/12/2011

31/12/2010

31/12/2009

 

 

 

 

GROSS SALES

 

 

200.809.870,00

(-) TAXES ON SALES

 

 

12.445.828,00

 

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

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

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

NET SALES

339.307.000,00

200.983.403,00

188.364.042,00

(-) COST OF SOLD GOODS

290.015.000,00

156.547.932,00

157.330.729,00

 

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

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

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

GROSS PROFIT

49.292.000,00

44.435.471,00

31.033.313,00

OPERATING REVENUE (EXPENSE)

-66.348.000,00

-31.110.895,00

-10.997.353,00

FINANCIAL REVENUE(EXPENSE)

-59.457.000,00

1.496.306,00

-13.799.267,00

 

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

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

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

OPERATIONAL PROFIT (LOSS)

-76.513.000,00

14.820.882,00

6.236.693,00

CONTRIBUTION/INCOME TAX

24.441.000,00

-5.747.230,00

-3.160.376,00

 

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

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

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

NET PROFIT (LOSS)

-52.072.000,00

9.073.652,00

3.076.317,00

 

MONTHLY SALES

 

  2012

 

 

 

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

 

 

JANUARY

R$ 11.685.957,28

 

 

FEBRUARY

R$ 26.043.172,52

 

 

MARCH

R$ 35.194.792,57

 

 

APRIL

R$ 4.762.386,37

 

 

MAY

R$ 10.514.316,59

 

 

JUNE

R$ 12.053.467,98

 

 

JULY

R$ 13.734.913,29

 

 

AUGUST

R$ 26.749.708,78

 

 

SEPTEMBER

 

 

 

OCTOBER

 

 

 

NOVEMBER

 

 

 

DECEMBER

 

 

 

TOTAL

R$ 140.738.715,38

 

 

 

RATIOS:

31/12/2011

31/12/2010

31/12/2009

 

QUICK RATIO

,97

 

,71

 

,79

 

CURRENT RATIO

1,42

 

,90

 

1,00

 

ACCOUNTS RECEIVABLE TURNOVER

2,06

TIMES

1,70

TIMES

1,81

TIMES

DAYS' SALES IN RECEIVABLES

174,86

DAYS

211,38

DAYS

198,92

DAYS

INVENTORY TURNOVER

3,43

TIMES

4,24

TIMES

4,58

TIMES

ACCOUNTS PAYABLE PERIOD

93,95

DAYS

159,49

DAYS

169,76

DAYS

RETURN ON ASSETS

,85

TIMES

,69

TIMES

,87

TIMES

SALES TURNOVER ON NET EQUITY

2,04

TIMES

4,87

TIMES

10,45

TIMES

NET WORTH TIE-UP

,23

 

,88

 

1,66

 

INDEBTEDNESS

1,40

 

6,04

 

11,02

 

EQUITY RATIO

41,69

%

14,20

%

8,32

%

WORKING CAPITAL RATIO

42,02

%

-9,71

%

-,49

%

GENERAL SOLVENCY

1,72

 

1,17

 

1,09

 

RETURN ON NET EQUITY

-31,33

%

22,00

%

17,07

%

RETURN ON SALES (PROFIT MARGIN)

-15,35

%

4,51

%

1,63

%

GROSS PROFIT MARGIN

14,53

%

22,11

%

16,48

%

OPERATIONAL RESULT

-22,55

%

7,37

%

3,31

%

SALES TURNOVER ON LIABILITIES

1,80

TIMES

1,03

TIMES

1,12

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,02

 - OFFICIAL RATE ON 08/01/2013

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 FAIR FINANCIAL STANDING. THE LEVEL OF INDEBTEDNESS IS HIGH BUT IT IS NOTED GOOD CURRENT RATIO AND POSITIVE WORKING CAPITAL AMOUNT. IN ADDITION IT SHOWS GROWING SALES BUT ITS HIGH FINANCIAL EXPENSES DROVE THE COMPANY TO MAKE NEGATIVE RESULTS.

 

REMARKS:

 

THE HIGH GROWING SALES SHOWED CAN BE ATTRIBUTED TO THE TAKEOVER OF DVA COMÉRCIO IMPORTAÇÃO E EXPORTAÇÃO DE INSUMOS AGROPECUÁRIOS LTDA.

 

REAL ESTATE:

 

OWNED PREMISES ARE VALUED AT R$ 38.124,55

 

VEHICLES:

 

THE PARTNERS OWN VEHICLES VALUED AT R$ 110.000,00

 

MACHINES:

 

NOT AVAILABLE

 

 

INSURANCE

 

NOT AVAILABLE.

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

 

BANCO SANTANDER (BRASIL) S/A

11 3174-6609

 

BANCO DO BRASIL S/A

3362-6 / 19 3707-2000

 

BANCO ITAÚ S/A

1565   / 19 3735-9792

 

 

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"). DATE RESEARCHED JANUARY 08, 2013.

 

 

ACTIVITIES COMMENTS

 

THE SUBJECT IS ENGAGED IN THE MANUFACTURE, PROCESSING, PURCHASE, SALE, DISTRIBUTION, COMMISSION TRADE, IMPORT, EXPORT OF AGRICULTURAL EQUIPMENTS AND PRODUCTS IN GENERAL, SPECIALLY AGROCHEMICALS, VETERINARY PRODUCTS, WOOD PRESERVERS, CHEMICALS AND THE LIKE.

 

IMPORT AND EXPORT:

 

IMPORTS FROM:

GERMANY AND CHINA.

 

EXPORTS TO:

THE COMPANY DOES NOT EXPORT.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

CITY:

PHONE:

COMIGO - COOP. AGROINDL. PRODS. RURAIS SUDESTE GOIANO

RIO VERDE/GO

64 3611-1500

COOPLANTIO

ARAPOTI/PR

43 3512-1000

FIAGRIL COMÉRCIO E REPRESENTAÇÕES LTDA

RIO VERDE/GO

65 3549-9700

FMC QUÍMICA DO BRASIL LTDA

CAMPINAS/SP

19 3735-4400

SOAGRO - SOCIEDADE AGROPECUÁRIA

RIO VERDE/GO

64 3621-3222

 

STAFF:

 

THE COMPANY HAS: 207 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS OPERATING SINCE 1999 IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOR.

 

THE COMPANY HAS TRADE RELATIONS WITH SOME 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.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

PHONE:

AGRIPEC QUÍMICA E FARMACÊUTICA S/A

 

85 3215-1000

ASSFER FERRAMENTAS ELÉTRICAS LTDA

 

19 3772-9002

CARBONO QUÍMICA LTDA

 

 

FMC QUÍMICA DO BRASIL LTDA

 

19 3735-4400

LAMBRA COM. DE PRODS. QUIM. AUXILIARES LTDA

 

19 3466-9505

OXITENO NORDESTE S/A

 

11 3177-6318

PAE IND. E COM. DE EMB. PLÁSTICAS LTDA

 

19 3272-6699

 

PAYMENT HISTORY:

 

2 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 7.655,00

 

AMOUNT OF INVOICES PAID: 4

TOTAL OF PROMPT PAYMENTS: 100%

HIGHEST INVOICE: R$ 2.262,00

HIGHEST CREDIT: R$ 2.262,00

 

 

FINAL OPINION

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY AND IT IS NOTED HIGH SCALE OF ACTIVITIES. UP TO DATE IT HAS A CLEAR TRADE HISTORY 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.54.54

UK Pound

1

Rs.88.05

Euro

1

Rs.72.29

 

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.