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Report Date : |
06.07.2013 |
IDENTIFICATION DETAILS
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Name : |
KLÖCKNER PENTAPLAST DO BRASIL LTDA |
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Registered Office : |
Rua Dos Estudantes - S/Nº. Rodovia Raposo Tavares Km 28,3 Moinho Velho, Zip Code 06714-025 - Cotia/Sp |
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Country : |
Brazil |
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Date of Incorporation : |
01.07.1988 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturer of plastic plates, plastic laminates and acrylics. |
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No. of Employees : |
100 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Exists |
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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Brazil |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source : CIA |
KLÖCKNER PENTAPLAST DO BRASIL LTDA
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MAIN ADDRESS: |
RUA DOS ESTUDANTES - S/Nº. RODOVIA RAPOSO TAVARES KM 28,3 MOINHO VELHO
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ZIP CODE/CITY: |
06714-025 - COTIA/SP |
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PHONE: |
11 4613-9982 |
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FAX: |
11 4613-9982 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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NOT AVAILABLE |
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MAIN ACTIVITIES: |
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MANUFACTURE OF PLASTIC PLATES, PLASTIC LAMINATES AND ACRYLICS. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
01/07/1988 |
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REGISTER DATE: |
01/07/1988 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
59.201.087/0001-08 |
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STATE REGISTER: |
278.147.190.114 |
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SHARE CAPITAL: |
R$ 20.471.059,00 |
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LAST REGISTER OF CAPITAL: |
26/05/2006 |
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BOARD OF
DIRECTORS: |
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ROBERTO KLAUS HUESSNER |
GENERAL DIRECTOR |
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THE DIRECTOR IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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KLÖCKNER PENTAPLAST OF AMERICA INC. (USA) |
R$ 20.471.058,00 |
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KP INVESTMENTS HOLDINGS, LLC |
R$ 1,00 |
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AFFILIATES /
SUBSIDIARIES: |
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KLÖCKNER PENTAPLAST GROUP |
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THE SUBJECT WAS ESTABLISHED ON JULY 01, 1988 AS KLOECKNER LATINO
AMERICANA INDÚSTRIA E COMÉRCIO LTDA., TO BE ENGAGED IN THE SAID LINE OF
BUSINESS. LATER IT ADOPTED THE ABOVE-MENTIONED NAME. TRADE NAME: "KLÖCKNER PENTAPLAST". PARTNERS: KLÖCKNER PENTAPLAST OF AMERICA INC.: COMPANY ESTABLISHED ACCORDING TO
THE LAWS OF THE DELAWARE, HEADQUARTERED AT P.O. BOX 500, 3585 KLÖCKNER ROAD,
GORDONSVILLE, VIRGINIA, UNITED STATES, TAXPAYER'S REGISTRATION UNDER 05.737.427/0001-90,
REPRESENTED BY ITS ATTORNEY, MR. RENATO PARREIRA STETNER, BRAZILIAN, SINGLE,
LAWYER, HOLDER OF DOCUMENTS OAB/SP 119.073 AND CPF 105.805.988-29, WITH
OFFICE AT RUA DO ROCIO, 291, 11º ANDAR, VILA OLÍMPIA, ZIP CODE 04552-000, SÃO
PAULO/SP; KP INVESTMENTS HOLDINGS, LLC.: COMPANY ESTABLISHED ACCORDING TO THE
LAWS OF THE VIRGINIA, HEADQUARTERED AT 3585 KLOCKNER ROAD, GORDONSVILLE,
VIRGINIA 22942, UNITED STATES. DIRECTOR: ROBERTO KLAUS HUESSNER: BRAZILIAN, MARRIED, CHEMICAL ENGINEER, HOLDER
OF DOCUMENTS CPF 537.967.808-49 AND RG 5.096.705-8 SSP/SP, RESIDENTIAL
ADDRESS AT CITY SÃO PAULO, STATE OF SÃOP PAULO, WITH OFFICE AT RUA DOS
ESTUDANTES - S/Nº. - RODOVIA RAPOSO TAVARES KM 28,3, MOINHO VELHO, ZIP CODE
06714-025, COTIA/SP; FURTHER DETAILS ARE SO FAR NOT KNOWN. WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. CARLOS, FINANCIAL
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. |
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PUBLIC INFORMATION: |
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LAWSUITS: |
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DATE: |
COURT OF LAW: |
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3 |
FEDERAL LAWSUITS |
15/06/09 |
VARA DE SP-COTIA |
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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. OUR INVESTIGATION THROUGH THE OUTSIDE SOURCES SHOWED NO FINANCIAL DATA
ABOUT THE SUBJECT. |
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EXCHANGE RATE: |
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US$ 1,00 = R$ 2,26 |
- OFFICIAL RATE ON 03/07/2013 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
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IN THE ABSENCE OF FINANCIAL INFORMATION NO COMMENTS CAN BE MADE ABOUT
THE SUBJECT'S CURRENT FINANCIAL STANDING. |
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REAL ESTATE: |
NOT AVAILABLE
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VEHICLES: |
NOT AVAILABLE
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MACHINES: |
NOT AVAILABLE
NOT AVAILABLE.
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NOT AVAILABLE. |
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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"). |
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THE SUBJECT IS ENGAGED IN THE MANUFACTURE OF PLASTIC PLATES, PLASTIC
LAMINATES AND ACRYLICS. |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
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NOT AVAILABLE. |
EXPORTS TO:
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NOT AVAILABLE. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
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NOT AVAILABLE. |
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STAFF: |
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THE COMPANY HAS: 100 EMPLOYEE(S) |
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1988. SO
FAR IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOR. BOTH THE COMPANY AND
THE PRINCIPALS ENJOY A FAVORABLE REPUTATION AMONG LOCAL TRADE SOURCES. 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. 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. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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AUTO POSTO SAKAMOTO LTDA |
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COREMAL COM REPRES MAIA LTDA |
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GIMBA SUPRIM ESCRIT INFOMAT LTDA |
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LUPER PLAS IND COM PLAST LTDA |
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PROT-CAP ARTIG P/ PROTEÇÃO INDL LTDA |
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PAYMENT HISTORY: |
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4 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 622.156,00 |
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AMOUNT OF INVOICES PAID: 65 |
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TOTAL OF PROMPT PAYMENTS: 99,8% |
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TOTAL OF DELAYED PAYMENTS: 0,2% |
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HIGHEST INVOICE: R$ 218.000,00 |
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HIGHEST CREDIT: R$ 218.000,00 |
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OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS: |
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--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL
AMOUNT: |
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DUE WITHIN 30 DAYS |
2 |
3 |
R$ 23.224,76 |
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. SO FAR IT SHOWS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOR. BASED ON THE OVERALL DATA AVAILABLE THE SUBJECT MAY BE CONSIDERED FOR
NORMAL BUSINESS COMMITMENTS. CREDIT FACILITIES HOWEVER SHOULD BE GRANTED ON
FULLY SECURED TERMS ONLY DUE TO THE ABSENCE OF FINANCIAL DATA. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.34 |
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UK Pound |
1 |
Rs.90.79 |
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Euro |
1 |
Rs.77.81 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.