MIRA INFORM REPORT

 

 

Report Date :

24.01.2013

 

IDENTIFICATION DETAILS

 

Name :

DOREMUS ALIMENTOS LTDA

 

 

Registered Office :

Rua Santa Maria Do Pará,32 / 42 – Bonsucesso 07175-400 - Guarulhos/Sp

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

20.03.1985

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Production, Processing and Preserving of Meat

 

 

No. of Employees :

335

 

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

 

DOREMUS ALIMENTOS LTDA

 

 

ADDRESSES

 

MAIN ADDRESS:

RUA SANTA MARIA DO PARÁ,32 / 42 - BONSUCESSO

ZIP CODE/CITY:

07175-400 - GUARULHOS/SP

 

 

PHONE:

11 2436-3333

FAX:

11 2436-3336

E-MAIL:

contabilidade@doremus.com.br

WEB SITE:

www.doremus.com.br

 

BRANCHES:

 

 

 

ADDRESS:

RUA SANTA MARIA DO PARÁ,31

ZIP CODE/CITY:

07175-400 GUARULHOS/SP

 

 

ADDRESS:

RODOVIA BR 116 - KM 285 - RUA PORTO ALEGRE,601

ZIP CODE/CITY:

92990-000 ELDORADO DO SUL/RS

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

PRODUCTION, PROCESSING AND PRESERVING OF MEAT.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

20/03/1985

REGISTER DATE:

20/03/1985

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

54.289.830/0001-00

STATE REGISTER:

336.185.305.116

 

 

SHARE CAPITAL:

R$ 20.000.000,00

LAST REGISTER OF CAPITAL:

15/06/2011

 

BOARD OF DIRECTORS:

 

 

 

PATRICE MICHEL PIERRE GROJEAN

MANAGING PARTNER

JOSÉ AUGUSTO SCHITTKOWSKI

MANAGING PARTNER

 

 

AUTHORIZED USE OF SIGNATURE

 

THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

PATRICE MICHEL PIERRE GROJEAN

50%

JOSÉ AUGUSTO SCHITTKOWSKI

20%

MICHEL LOUIS GROJEAN

10%

PAULO EDUARDO GROJEAN

10%

PHILIPPE MICHEL LUC GROJEAN

10%

 

AFFILIATES / SUBSIDIARIES:

 

 

 

DCA ALIMENTOS LTDA

 

DORERIO PRODUTOS FRIGORÍFICOS LTDA.

 

DORESUL PRODUTOS FRIGORÍFICOS LTDA

 

MISTRAL EXPRESS LTDA

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON MARCH 20, 1985 AS DOREMUS DO BRASIL INDÚSTRIA E COMÉRCIO LTDA. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON AUGUST 26, 2003 IT ADOPTED THE ABOVE MENTIONED NAME.

 

ON JUNE 2005 SUBJECT TOOK OVER THE COMPANY DCA ALIMENTOS LTDA, CNPJ 71.734.149/0001-42.

 

RELYING ON AN EXPERIENCE AND TRADITION THAT IT HAD BUILT UP OVER MORE THAN 70 YEARS WORKING IN THE EUROPEAN MARKET, DOREMUS ALIMENTOS LTDA STARTED OPERATING IN THE NATURAL CASINGS SECTOR IN 1985. IN 1993, WITH THE AIM OF DIVERSIFYING ITS OPERATIONS, IT ESTABLISHED A DIVISION TO SERVE THE ADDITIVES, CONDIMENTS AND COLORANTS SECTOR. TO DO THIS A NEW INDUSTRIAL PLANT WAS PLANNED AND BUILT TO MEET THE MOST RIGID OF FOOD SAFETY AND HYGIENE RULES, USING THE VERY LATEST GENERATION PROCESS AND AUTOMATION TECHNOLOGY. THE COMPANY INVESTED IN PURCHASING NEW EQUIPMENT AND EXPANDED ITS TECHNICAL AND SALES TEAM, THEREBY ACHIEVING AN INCREASE IN PRODUCTION CAPACITY AND AN IMPROVEMENT IN CUSTOMER SERVICE.

 

IN 2003, IN LINE WITH THE STRATEGIC PLANNING PROGRAM OF THE COMPANY, WHICH WAS ALREADY STRUCTURED AND FOCUSED TO HANDLE OTHER MARKET SEGMENTS, DOREMUS INAUGURATED ITS FOOD INGREDIENTS DIVISION. THIS DECISION WAS TAKEN BECAUSE OF THE GROWTH THE COMPANY HAD UNDERGONE AND ITS PHILOSOPHY OF ALWAYS RESEARCHING INTO AND DEVELOPING PRODUCTS AND SOLUTIONS FOR ITS CUSTOMERS.

 

TODAY, AFTER 20 YEARS OPERATING IN THE FOOD MARKET, DOREMUS IS ONE OF THE MAIN SUPPLIERS OF CASINGS AND INGREDIENTS TO THE MEAT-PROCESSING INDUSTRY AND IS ALREADY A MAJOR PLAYER IN VARIOUS SEGMENTS OF THE FOOD SECTOR.

 

TRADE NAME: "DOREMUS DO BRASIL".

 

PARTNERS:

 

PATRICE MICHEL PIERRE GROJEAN: BRAZILIAN, HOLDER OF DOCUMENTS CPF 671.638.408-10, RESIDENTIAL ADDRESS AT RUA BAHIA, 555, 11º ANDAR, APTO. 111, HIGIENÓPOLIS, ZIP CODE 01244-001, SÃO PAULO/SP;

 

JOSÉ AUGUSTO SCHITTKOWSKI: BRAZILIAN, HOLDER OF DOCUMENTS CPF 080.724.378-79, RESIDENTIAL ADDRESS AT RUA PERNAMBUCO, 176, APTO. 111, HIGIENÓPOLIS, ZIP CODE 01240-020, SÃO PAULO/SP;

 

MICHEL LOUIS GROJEAN: BRAZILIAN, HOLDER OF DOCUMENTS CPF 285.696.248-32, RESIDENTIAL ADDRESS AT RUA BAHIA, 555, APTO. 111, HIGIENÓPOLIS, ZIP CODE 01244-001, SÃO PAULO/SP;

 

PAULO EDUARDO GROJEAN: BRAZILIAN, HOLDER OF DOCUMENTS CPF 285.706.688-05, RESIDENTIAL ADDRESS AT RUA BAHIA, 555, APTO. 111, HIGIENÓPOLIS, ZIP CODE 01244-001, SÃO PAULO/SP;

 

PHILIPPE MICHEL LUC GROJEAN: BRAZILIAN, HOLDER OF DOCUMENTS CPF 214.017.718-58, RESIDENTIAL ADDRESS AT RUA BAHIA, 555, APTO. 111, HIGIENÓPOLIS, ZIP CODE 01244-001, SÃO PAULO/SP.

 

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

 

WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. EDSON, IMPORT DEPARTMENT, WHO INFORMED THAT WOULD NOT DISCLOSE ANY KIND OF INFORMATION UNLESS THE INQUIRING PARTY'S NAME WAS DISCLOSED.

 

IF IT IS POSSIBLE TO DISCLOSE THE NAME OF THE INTERESTED SUPPLIER OF THE SUBJECT, WE MAY RESUME OUR CONTACTS AND TRY TO OBTAIN FURTHER INFORMATION.

 

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:

 

LAWSUITS:

 

 

 

DATE:

COURT OF LAW:

 

1

FEDERAL LAWSUIT

12/09/11

3ª VARA DE SP-GUARULHOS

1

MUNICIPAL LAWSUIT

25/01/10

1ª VARA DE SP-GUARULHOS

 

 

FINANCIAL INFORMATION

 

DUE TO THE SUBJECT'S LEGAL FORM, IT IS NOT OBLIGED TO PUBLISH THE BALANCE SHEET INFORMATION. WHEN INTERVIEWING SOURCES AT THE SUBJECT COMPANY DECLINED TO PROVIDE ANY KIND OF FINANCIAL INFORMATION.

 

OUTSIDE SOURCES CONTACTED SHOWED THE FOLLOWING FINANCIAL DATA ABOUT THIS COMPANY. NO MORE UPDATE OR COMPLETE IS AVAILABLE.

 

GENERAL BALANCE SHEETS AS OF 30/06/2010 AND 31/12/2009.

( FIGURES ARE IN THOUSANDS OF REAIS ).

 

ASSETS

 

 

 

CURRENT:

30/06/2010

31/12/2009

 

 

 

 

 

CASH AND CASH EQUIVALENTS

447

557

 

CLIENTS

27.836

25.208

 

INVENTORY

26.835

25.059

 

ADVANCE TO SUPPLIERS

1.514

288

 

OTHER

6.052

5.315

 

 

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

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

 

TOTAL CURRENT ASSETS

62.684

56.427

 

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

OTHER CREDITS

1.827

85

 

INVESTMENTS

2

 

 

 

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

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

 

TOTAL LONG-TERM RECEIVABLES

1.829

85

 

 

FIXED ASSETS:

 

 

 

 

 

 

 

FIXED ASSETS

13.632

12.549

 

INVESTMENTS

150

150

 

INTANGIBLE

3

9

 

 

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

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

 

TOTAL FIXED ASSETS

13.785

12.708

 

 

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

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

 

TOTAL ASSETS

78.298

69.220

 

 

LIABILITIES:

 

 

 

CURRENT:

30/06/2010

31/12/2009

 

 

 

 

 

SUPPLIERS

18.059

22.505

 

LOANS AND FINANCING

16.250

14.283

 

SALARY, TAXES & CONTRIB.

2.302

3.487

 

OTHER DEBTS

697

597

 

 

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

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

 

TOTAL CURRENT LIABILITIES

37.308

40.872

 

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

LOANS AND FINANCING

19.143

15.809

 

CURRENT ACCOUNT

1.250

 

 

OTHER

1.624

 

 

 

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

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

 

TOTAL LONG TERM LIABILITIES

22.017

15.809

 

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

10.000

3.321

 

ACCRUED PROFIT (LOSS)

8.973

9.218

 

 

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

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

 

TOTAL NET EQUITY

18.973

12.539

 

 

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

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

 

TOTAL LIABILITIES

78.298

69.220

 

 

PROFIT AND LOSS ACCOUNTS AS OF 30/06/2010 AND 31/12/2009.

( FIGURES ARE IN THOUSANDS OF REAIS ).

 

 

30/06/2010

31/12/2009

 

 

 

 

 

GROSS SALES

90.780

177.883

 

(-) TAXES ON SALES

21.334

41.269

 

 

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

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

 

NET SALES

69.446

136.614

 

(-) COST OF SOLD GOODS

57.555

123.567

 

 

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

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

 

GROSS PROFIT

11.891

13.047

 

OPERATING REVENUE (EXPENSE)

-6.124

-11.410

 

FINANCIAL REVENUE(EXPENSE)

641

-584

 

 

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

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

 

OPERATIONAL PROFIT (LOSS)

6.408

1.053

 

CONTRIBUTION/INCOME TAX

 

-386

 

 

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

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

 

NET PROFIT (LOSS)

6.408

667

 

 

RATIOS:

30/06/2010

31/12/2009

 

 

QUICK RATIO

,96

 

,77

 

 

 

CURRENT RATIO

1,68

 

1,38

 

 

 

ACCOUNTS RECEIVABLE TURNOVER

2,49

TIMES

5,42

TIMES

 

 

DAYS' SALES IN RECEIVABLES

72,15

DAYS

66,43

DAYS

 

 

INVENTORY TURNOVER

2,14

TIMES

4,93

TIMES

 

 

ACCOUNTS PAYABLE PERIOD

56,48

DAYS

65,57

DAYS

 

 

RETURN ON ASSETS

,89

TIMES

1,97

TIMES

 

 

SALES TURNOVER ON NET EQUITY

3,66

TIMES

10,90

TIMES

 

 

NET WORTH TIE-UP

,72

 

1,00

 

 

 

INDEBTEDNESS

3,13

 

4,52

 

 

 

EQUITY RATIO

24,23

%

18,11

%

 

 

WORKING CAPITAL RATIO

68,02

%

38,06

%

 

 

GENERAL SOLVENCY

1,32

 

1,22

 

 

 

RETURN ON NET EQUITY

33,77

%

5,32

%

 

 

RETURN ON SALES (PROFIT MARGIN)

9,23

%

,49

%

 

 

GROSS PROFIT MARGIN

17,12

%

9,55

%

 

 

OPERATIONAL RESULT

9,23

%

,77

%

 

 

SALES TURNOVER ON LIABILITIES

1,86

TIMES

3,34

TIMES

 

 

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,04

 - OFFICIAL RATE ON 18/01/2013

US$ 1,00 = R$ 1,80

 - OFFICIAL RATE ON 30/06/2010

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 IN 2009 SHOWED A SATISFACTORY FINANCIAL STANDING. IT SHOWED HIGH LEVEL OF INDEBTEDNESS MAINLY DUE TO ITS HIGH TRADE AND FINANCIAL DEBTS BUT IT WAS NOTED GOOD CURRENT RATIO AND POSITIVE WORKING CAPITAL AMOUNT, CONSIDERED SUFFICIENT TO COVER THE SHORT-TERM LIABILITIES. IN ADDITION THE COMPANY OPERATED WITH GROWING SALES AND PROFITABILITY.

 

THE INTERIM FIGURES FOR JUNE 2010 SHOW IMPROVEMENT IN THE FINANCIALS. THE INDEBTEDNESS KEEPS HIGH BUT DECREASED AND THE LIQUIDITY WAS IMPROVED. ALSO THE COMPANY OPERATES NORMALLY WITH GOOD GROWING SALES AND POSITIVE RESULT.

 

REMARK:

 

THE COMPANY WILL NOT SEND ANY UPDATED FINANCIAL DATA.

 

REAL ESTATE:

 

THE PARTNERS OWN REAL ESTATE VALUED AT  R$ 7.200.000,00

 

VEHICLES:

 

NOT AVAILABLE

 

MACHINES:

 

NOT AVAILABLE

 

 

INSURANCE

 

NOT AVAILABLE.

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

CITY:

BANCO BRADESCO S/A

11 6423-6926

GUARULHOS/SP

BANCO DO BRASIL S/A

11 6447-1455

GUARULHOS/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").

 

 

ACTIVITIES COMMENTS

 

THE SUBJECT IS ENGAGED IN THE PRODUCTION, PROCESSING AND PRESERVING OF MEAT.

 

IMPORT AND EXPORT:

 

IMPORTS FROM:

NOT AVAILABLE.

 

EXPORTS TO:

NOT AVAILABLE.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

 

COOPER-AURORA

 

 

COOPERATIVA CENTRAL C. LTDA

 

 

COOPERATIVA TRITÍCOLA ERECHIM LTDA

 

 

FRIGORÍFICO MARBA LTDA

 

 

PERDIGÃO AGROINDUSTRIAL S/A

 

 

 

STAFF:

 

THE COMPANY HAS: 335 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1985. SO FAR IT HAS A CLEAR TRADE HISTORY AND EXCELLENT PAYMENT BEHAVIOUR.

 

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.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

 

AGRO QUÍMICA MARINGÁ S/A

 

 

ALCAMP ALIMENTOS CAMPINAS LTDA

 

 

ASSAD COM. DE PAPEIS LTDA EPP

 

 

CBS INDÚSTRIA E COM. DE IMPORTAÇÃO E EXP. LTDA

 

11 2148-7200

CERBA DISTILARIA DE ÁLCOOL LTDA

 

19 3424-2333

CORN PRODUCTS BRASIL ING. INDUSTRIAIS LTDA

 

19 3861-9600

ELÉTRICA TAKEI COM. LTDA

 

 

GOTAQUIMICA PRODUTOS QUÍMICOS LTDA

 

 

INCEPI DO BRASIL INDÚSTRIA E COM. DE EMB. LTDA

 

11 6721-5156

LIFE COMÉRCIO DESP. LTDA

 

 

M CASSAB COMÉRCIO E INDÚSTRIA LTDA

 

 

MACO IMPORTAÇÃO E EXPORTAÇÃO LTDA

 

 

NORTE SALINEIRA S/A IND. E COMÉRCIO NORSAL

 

11 3767-3810

ORION E REPRESENTAÇÕES LTDA

 

 

PLÁSTICOS PUMA LTDA

 

 

POLIBRAS MINAS PLAST. LTDA

 

 

PROT-CAP ARTIG P/ PROTEÇÃO LTDA

 

 

QUALYSAL ALIMENTOS DO BRASIL LTDA

 

 

REFINARIA NACIONAL DE SAL S/A

 

 

ROMACO COML. IMP. ROLAM. LTDA

 

 

SOCEL SOC. OESTE LTDA

 

 

UNIPAC EMBALAGENS LTDA

 

11 4166-4260

 

PAYMENT HISTORY:

 

16 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 885.221,00

 

AMOUNT OF INVOICES PAID: 84

TOTAL OF PROMPT PAYMENTS: 99,7%

TOTAL OF DELAYED PAYMENTS: 0,3%

 

HIGHEST INVOICE: R$ 86.449,00

HIGHEST CREDIT: R$ 86.449,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS:

 

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

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

1

3

R$ 33.984,73

 

 

FINAL OPINION

 

THE SUBJECT HAS BEEN IN BUSINESS SINCE 1985 WITH A GOOD SCALE OF BUSINESS AND A CLEAR TRADE HISTORY. OUR INVESTIGATION SHOWED AND THE COMPANY HAS GOOD PAYMENT BEHAVIOR.

 

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.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.53.77

UK Pound

1

Rs.85.13

Euro

1

Rs.71.57

 

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.