MIRA
INFORM REPORT
|
Report Date : |
03.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
GENIX - INDUSTRIA FARMACEUTICA LTDA |
|
|
|
|
Registered Office : |
Via Primária 1e - Quadra 3 - S/Nº. Módulos 1 E 2 Daia 75133-660 - Anápolis/Go |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
28.03.2001 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of Pharmaceuticals. |
|
|
|
|
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 : |
Good |
|
Payment Behaviour : |
Regular |
|
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, 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
Company name
GENIX - INDÚSTRIA
FARMACÊUTICA LTDA
ADDRESSES
|
MAIN ADDRESS: |
VIA PRIMÁRIA 1E - QUADRA 3 - S/Nº. MÓDULOS 1 E 2 DAIA |
|
ZIP CODE/CITY: |
75133-660 - ANÁPOLIS/GO |
|
|
|
|
PHONE: |
62 4014-9000 |
|
FAX: |
62 4014-9000 |
|
E-MAIL: |
valorcontabil1@gmail.com |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA CORONEL CABRITA, 121 JARDIM DA GLÓRIA |
|
ZIP CODE/CITY: |
01545-030 SÃO PAULO/SP |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF PHARMACEUTICALS. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
28/03/2001 |
|
REGISTER DATE: |
03/04/2001 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
04.376.121/0001-93 |
|
STATE REGISTER: |
10.338.210-0 |
|
|
|
|
SHARE CAPITAL: |
R$ 35.000.000,00 |
|
LAST REGISTER OF CAPITAL: |
01/11/2011 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
JULIO TOMIZO TANAKA |
MANAGING PARTNER |
AUTHORIZED USE OF SIGNATURE
|
THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
JULIO TOMIZO TANAKA |
R$ 34.825.000,00 |
|
IVAN DA GLORIA TEIXEIRA |
R$ 175.000,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR PARTNERS
HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
|
|
|
BISNAGO INDUSTRIA DE EMBALAGENS LTDA |
|
|
J.V.T. CONSTRUTORA E INCORPORADORA LTDA |
|
|
GEMINI INDUSTRIA DE INSUMOS FARMACEUTICOS LTDA |
|
|
LEVIALE COMERCIAL DE COSMÉTICOS LTDA |
|
|
LVA PARTICIPAÇÕES LTDA |
|
|
D CRIS CONFECÇÕES LTDA |
|
|
FARMACEUTICAL COML IMPORTAÇÃO E EXPORTAÇÃO LTDA |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON MARCH 28, 2001 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. TRADE NAME: "GENIX". PARTNERS: JULIO TOMIZO TANAKA: BRAZILIAN, MARRIED, ENTREPRENEUR, RESIDENTIAL
ADDRESS AT RUA DAS PRIMAVERAS 255, CONDOMINIO BOUGUEVILLE III, ZIP CODE
11750-000, PERUÍBE/SP, HOLDER OF DOCUMENTS RG 11.005.913 SSP-SP AND CPF
006.297.068-24; IVAN DA GLORIA TEIXEIRA: BRAZILIAN, MARRIED, ENTREPRENEUR, RESIDENTIAL
ADDRESS AT RUA 3, Nº. 483, APTO 401, CONDOMINIO SOLAR DAS ACÁCIAS, SETOR
OESTE, ZIP CODE 74115-050, GOIÂNIA/GO, HOLDER OF DOCUMENTS RG 405.390 SSP-GO
AND CPF 160.156.571-20. 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 REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
CASH AND BANKS |
648.481,07 |
1.031.694,80 |
2.594.852,77 |
|
SHORT TERM INVESTMENTS |
15.606.100,14 |
|
|
|
CLIENTS |
12.640.543,62 |
11.350.368,11 |
15.425.544,32 |
|
ADVANCE TO EMPLOYEES |
9.705,61 |
18.869,54 |
2.587,57 |
|
OTHER ADVANCES |
42.969,24 |
4.009.824,19 |
2.667.369,15 |
|
ACCOUNTS RECEIVABLE |
116.541,03 |
171.408,08 |
22.096,48 |
|
RECOVERABLE TAXES |
2.573.288,39 |
1.715.110,59 |
1.437.290,09 |
|
INVENTORY |
8.971.641,85 |
15.901.853,12 |
11.751.199,91 |
|
PRE PAID EXPENSES |
89.229,99 |
90.836,73 |
96.310,77 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
40.698.500,94 |
34.289.965,16 |
33.997.251,06 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
CREDITS |
8.142.646,15 |
3.835.792,43 |
2.538.240,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
8.142.646,15 |
3.835.792,43 |
2.538.240,00 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
18.347.177,57 |
19.851.055,78 |
15.749.047,57 |
|
DEFERRED |
|
|
4.916,34 |
|
INTANGIBLE |
671.412,71 |
405.734,69 |
177.159,72 |
|
OTHER |
|
|
1.129.967,34 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
19.018.590,28 |
20.256.790,47 |
17.061.090,97 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
67.859.737,37 |
58.382.548,06 |
53.596.582,03 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
SUPPLIERS |
2.288.402,38 |
2.905.653,37 |
1.755.699,14 |
|
FOREIGN SUPPLIERS |
1.863.548,91 |
1.321.753,14 |
2.067.189,40 |
|
SALARIES PAYABLE |
281.372,86 |
470.941,85 |
317.283,75 |
|
SOCIAL OBLIGATIONS |
395.700,05 |
457.533,93 |
308.787,03 |
|
PROVISIONS |
1.056.056,22 |
1.069.905,73 |
787.001,09 |
|
TRIBUTARY OBLIGATIONS |
687.464,82 |
580.474,28 |
1.250.239,47 |
|
ACCOUNTS PAYABLE |
247.541,46 |
227.827,82 |
88.340,49 |
|
FREIGHTS PAYABLE |
31.768,04 |
35.526,01 |
36.966,64 |
|
ADVANCE FROM CLIENTS |
13.057,55 |
335.500,00 |
335.500,00 |
|
OTHER DEBTS |
314.808,62 |
537.238,32 |
923.642,87 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
7.179.720,91 |
7.942.354,45 |
7.870.649,88 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
557.036,98 |
1.750.225,63 |
|
|
TRIBUTARY OBLIGATIONS |
5.665.708,18 |
7.176.513,81 |
9.107.948,14 |
|
INSTALLMENTS TAXES PAYABLE |
652.958,49 |
|
|
|
LEASING |
7.417.310,95 |
153.718,09 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
14.293.014,60 |
9.080.457,53 |
9.107.948,14 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
35.000.000,00 |
35.000.000,00 |
29.300.000,00 |
|
CAPITAL RESERVES |
10.895.534,08 |
6.000.006,36 |
5.865.731,35 |
|
ACCRUED PROFIT (LOSS) |
491.467,78 |
359.729,72 |
1.452.252,66 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
46.387.001,86 |
41.359.736,08 |
36.617.984,01 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
67.859.737,37 |
58.382.548,06 |
53.596.582,03 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2012, 31/12/2011 AND 31/12/2010. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
GROSS SALES |
70.247.089,84 |
77.839.904,62 |
84.507.801,39 |
|
(-) TAXES ON SALES |
13.110.028,71 |
12.001.060,36 |
13.387.454,60 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
57.137.061,13 |
65.838.844,26 |
71.120.346,79 |
|
(-) COST OF SOLD GOODS |
43.195.473,82 |
43.379.929,42 |
47.403.112,78 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
13.941.587,31 |
22.458.914,84 |
23.717.234,01 |
|
OPERATING REVENUE (EXPENSE) |
-12.175.972,97 |
-15.956.638,89 |
-14.979.369,09 |
|
FINANCIAL REVENUE(EXPENSE) |
5.120.402,14 |
5.423.907,73 |
179.625,44 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
6.886.016,48 |
11.926.183,68 |
8.917.490,36 |
|
NON-OPERATING RESULT |
175.636,40 |
-9.291,07 |
109.760,00 |
|
CONTRIBUTION/INCOME TAX |
-706.941,25 |
-2.025.893,94 |
-3.058.006,50 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
6.354.711,63 |
9.890.998,67 |
5.969.243,86 |
|
RATIOS: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
QUICK RATIO |
4,42 |
|
2,32 |
|
2,83 |
|
|
CURRENT RATIO |
5,67 |
|
4,32 |
|
4,32 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
4,52 |
TIMES |
5,80 |
TIMES |
4,61 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
79,64 |
DAYS |
62,06 |
DAYS |
78,08 |
DAYS |
|
INVENTORY TURNOVER |
4,81 |
TIMES |
2,73 |
TIMES |
4,03 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
19,07 |
DAYS |
24,11 |
DAYS |
13,33 |
DAYS |
|
RETURN ON ASSETS |
,84 |
TIMES |
1,13 |
TIMES |
1,33 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
1,23 |
TIMES |
1,59 |
TIMES |
1,94 |
TIMES |
|
NET WORTH TIE-UP |
,40 |
|
,48 |
|
,43 |
|
|
INDEBTEDNESS |
,46 |
|
,41 |
|
,46 |
|
|
EQUITY RATIO |
68,36 |
% |
70,84 |
% |
68,32 |
% |
|
WORKING CAPITAL RATIO |
466,85 |
% |
331,74 |
% |
331,95 |
% |
|
GENERAL SOLVENCY |
3,16 |
|
3,43 |
|
3,16 |
|
|
RETURN ON NET EQUITY |
13,70 |
% |
23,91 |
% |
16,30 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
11,12 |
% |
15,02 |
% |
8,39 |
% |
|
GROSS PROFIT MARGIN |
24,40 |
% |
34,11 |
% |
33,35 |
% |
|
OPERATIONAL RESULT |
12,05 |
% |
18,11 |
% |
12,54 |
% |
|
SALES TURNOVER ON LIABILITIES |
7,96 |
TIMES |
8,29 |
TIMES |
9,04 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,22 |
- OFFICIAL RATE ON 01/07/2013 |
|
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 FOR 2011 SHOW GOOD FINANCIAL STANDING. IT HAD HIGH
LIQUIDITY RATIOS AND GOOD WORKING CAPITAL, AS WELL AS LOW LEVEL OF
INDEBTEDNESS. SALES DROPPED BUT POSTED PROFIT. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
8.575.261,55
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
871.940,81
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 13.408.680,77
INSURANCE
|
NOT AVAILABLE. |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
|
|
BANCO SANTANDER (BRASIL) S/A |
62 3311-2002 |
|
|
BANCO DO BRASIL S/A |
62 3311-1633 |
|
|
BANCO ITAÚ S/A |
62 3311-1893 |
|
|
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 MANUFACTURE AND SALE OF PHARMACEUTICAL
RAW MATERIALS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
COLOMBIA, CHINA, UNITED STATE, INDIA AND OTHERS. |
EXPORTS TO:
|
DOES NOT EXPORT. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
CITY: |
|
|
DROGADERMUS DROG. E FARM. DE MAIP. LTDA |
GOIÂNIA/GO |
|
|
FARMACIA IANNARELLI LTDA |
JOÃO MOLEVADE/MG |
|
|
MICROGRAMA FARM. MANIP. LIDA - ME |
RIBEIRÃO PRETO/SP |
|
|
RENATA BATAGLIA GALLI |
JUNDIAÍ/SP |
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 335 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 2001. SO
FAR 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: |
|
BIOQUÍMICA SUPRIMENTOS ANALÍTICOS LTDA |
|
16 2138-6111 |
|
DEGUSA BRASIL LTDA |
|
11 3146-4100 |
|
ELETRO RODNEY MATS. ELETRICOS LTDA |
|
62 3311-6888 |
|
EMBALAGENS BANDEIRANTES LTDA |
|
11 4061-1115 |
|
GELITA DO BRASIL S/A |
|
11 4612-8111 |
|
LOCGUEL LOC. DE EUQUIPAMENTOS PARA CONSTRUÇÃO LTDA |
|
31 3464-0166 |
|
MERCK S/A |
|
11 3346-8500 |
|
PERKIN ELMER DO BRASIL LTDA |
|
11 3868-6200 |
|
SINTEFINA IND E COM LTDA. |
|
11 4056-7887 |
|
UNI TINTAS LTDA |
|
62 3310-8600 |
|
WATERS TECHNOLOGIES DO BRASIL LTDA |
|
11 4193-6133 |
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
|
|
CHIBA NATIONAL AERO-TECHOLOGY IMP & EXP. XIAME CORPORATION |
CHINA |
|
|
IPCA LABORATORIES LTDA |
INDIA |
|
|
SINOCHEM JIANGSU CORPORATION |
CHINA |
|
|
PAYMENT HISTORY: |
|
04 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 16.286,00 |
|
|
|
AMOUNT OF INVOICES PAID: 17 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 1.858,00 |
|
HIGHEST CREDIT: R$ 1.858,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
1 |
1 |
R$ 2.046,25 |
FINAL OPINION
|
THE SUBJECT HAS BEEN IN BUSINESS SINCE 2001. UP TO DATE IT HAS CLEAR
TRADE HISTORY AND NORMAL PAYMENT BEHAVIOR. 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.59.41 |
|
|
1 |
Rs.90.38 |
|
Euro |
1 |
Rs.77.61 |
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.