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Report Date : |
04.06.2013 |
IDENTIFICATION DETAILS
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Name : |
MOLECULAS FINAS DE MEXICO S.A. DE C.V. |
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Registered Office : |
Filipinas 110 BIS, Col. Portales, Deleg. Benito Juárez 03300 |
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Country : |
Mexico |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
19.06.1991 |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
Subject is engaged in trading and distribution of raw material for pharmaceutical
industry, chemical preparations for pharmaceutical use, chemical preparations
for veterinary use, chemical-pharmaceutical preparations and chemical
reagents for human or veterinary use and for cosmetic and food industries. |
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No. of Employees : |
70 (*) |
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 : |
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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Mexico |
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 |
MEXICO - ECONOMIC OVERVIEW
Mexico has a free market economy in the trillion dollar
class. It contains a mixture of modern and outmoded industry and agriculture, increasingly
dominated by the private sector. Recent administrations have expanded
competition in seaports, railroads, telecommunications, electricity generation,
natural gas distribution, and airports. Per capita income is roughly one-third
that of the US; income distribution remains highly unequal. Since the
implementation of the North American Free Trade Agreement (NAFTA) in 1994,
Mexico's share of US imports has increased from 7% to 12%, and its share of
Canadian imports has doubled to 5.5%. Mexico has free trade agreements with
over 50 countries including Guatemala, Honduras, El Salvador, the European Free
Trade Area, and Japan - putting more than 90% of trade under free trade
agreements. In 2012 Mexico formally joined the Trans-Pacific Partnership negotiations
and in July it formed the Pacific Alliance with Peru, Colombia and Chile. In
2007, during its first year in office, the Felipe CALDERON administration was
able to garner support from the opposition to successfully pass pension and
fiscal reforms. The administration passed an energy reform measure in 2008 and
another fiscal reform in 2009. Mexico's GDP plunged 6.2% in 2009 as world
demand for exports dropped, asset prices tumbled, and remittances and
investment declined. GDP posted positive growth of 5.6% in 2010 with exports -
particularly to the United States - leading the way. Growth slowed to 3.9% in
2011 and slightly recovered to 4% in 2012. In November 2012, Mexico's
legislature passed a comprehensive labor reform which was signed into law by former
President Felipe CALDERON. Mexico's new PRI government, led by President
Enrique PENA NIETO, has said it will prioritize structural economic reforms and
competitiveness. The new president signed the Pact for Mexico, an agreement
that lists 95 priority commitments, along with the leaders of the country's
three main political parties: the Institutional Revolutionary Party (PRI), the
National Action Party (PAN) and the Party of the Democratic Revolution (PRD).
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Source
: CIA |
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CORRECT COMPANY NAME |
MOLECULAS FINAS DE MEXICO S.A. DE C.V. |
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TRADE NAME |
MOLECULAS FINAS |
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TAXPAYER REGISTRATION |
RFC MFM9106192N5 |
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MAIN ADDRESS |
Filipinas 110 BIS, Col. Portales, Deleg. Benito Juárez |
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POSTAL CODE |
03300 |
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DEPT/PROV/REGION/STATE |
México D.F. |
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COUNTRY |
MEXICO |
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TELEPHONE |
(5255) 25951440 |
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CORPORATE E-MAIL |
atencionclientes@moleculas-finas.com.mx |
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WEB |
www.moleculas-finas.com |
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COMMENTS |
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Fax: (5255) 25951440 Additional E-mail: info@moleculas-finas.com |
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Date of foundation |
1991 |
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Capital stock |
Not specified |
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Shareholders' equity |
85,910,417.00 Pesos (31DEC2011) |
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Profits (loss) |
4,610,123.00 Pesos (31DEC2011) |
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permanent employees |
70 (*) |
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Chief Executive |
FUENTES RAMIREZ, FILOGONIO |
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Disposition |
REPORT PREPARED FROM OUTSIDE SOURCES. |
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Payments policy |
Usually to terms/good |
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Credit (**) |
With no Risk, Reliable, Solvent, Profiatble, Good Financial Situation. |
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Number of times that this company was required: 8 |
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LEGAL STATUS |
Stock Company of Variable Capital |
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DATE OF INCORPORATION |
19JUN1991 |
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PLACE OF REGISTRY |
Mexico DF |
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CURRENT PAID-IN CAPITAL |
Not specified |
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SHAREHOLDERS EQUITY |
85,910,417.00 Pesos () |
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CURRENT EXCHANGE RATE (US$) |
Ps$12.78 per US$1.= Dollar |
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COMMENTS |
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MOLECULAS FINAS DE MEXICO is a Mexican company with over 20 years of experience
in the trading of Active Ingredients (API's) for the Pharmaceutical, Cosmetic
and Food industries, which has became one of the main suppliers of API's
nationwide as a result of its approach in meeting its client's requirements. It is one of the first companies in its line of business to obtain the
ISO 9001-2008 certification based on a quality control system that allows it
to ensure the effectiveness of its processes and the quality of its products,
as well as the development and growth of its personnel. Its alliances with manufacturers having certification in Good
Manufacturing Practices (GMP) worldwide allows it to supply quality products
fulfilling the requirements of a regulated market, like is Mexico as from
February 2010, as well as to contribute in the health improvement and
preservation. |
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FULL NAMES / COMPANY NAME |
TITLE |
%PART. |
SINCE |
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FUENTES RAMIREZ, FILOGONIO |
General Director |
50% |
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ESPARZA SAUCEDO, MARIA GUADALUPE |
Chief Administrative Off. |
50% |
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HERNANDEZ, JOSE LUIS |
Finance Director |
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ESPINOZA, ALEJANDRA |
General Accountant |
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FUENTES RAMIREZ, FILOGONIO |
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TITLE |
General Director |
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NATIONALITY |
Mexican |
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D.O.B. |
23SEP1958 |
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PROFESSION |
Engineer |
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TAX ID |
FURF5809238V0 |
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ASSOCIATED AS PER OUR DATABASE TO |
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ESPARZA SAUCEDO, MARIA GUADALUPE |
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TITLE |
Chief Administrative Off. |
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NATIONALITY |
Mexican |
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D.O.B. |
30NOV1957 |
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TAX ID |
EASG571130JS9 |
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BACKGROUND INFORMATION |
Master's Degree in Sciences |
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ASSOCIATED AS PER OUR DATABASE TO |
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ESPINOZA, ALEJANDRA |
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TITLE |
General Accountant |
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NATIONALITY |
Mexican |
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PROFESSION |
Public Accountant |
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Subject is related to MOLECULAS FINAS DE ARGENTINA S.A. By Notarial Act, dated 16/04/2004, before the Notary Marta N.
Ignatiuk, as registered under Page 180, Record 1132 in the Capital, MOLECULAS
FINAS DE ARGENTINA S.A. was incorporated. Its partners are: - Maria Marcela Goldberg, Argentinian, born on 08/09/1966, single,
trader, ID Card No.17.918.482, Tax ID No.27-17918482-1, with address on
Thames 841, P.B. 5, Cdad. Bs. As., - Eduardo Goldberg, Argentinian, born on 04/12/1933, married,
engineer, ID Card No.4.124.583, Tax ID No.20-04124583-3, with address on Zapata
552, 8ş pisoCdad. Bs. As. - Filogonio Fuentes Ramirez, Mexican, born on 23/09/1958, married,
trader, Mexican passport No.95330003298, Tax ID No.20-60313840-7, with
address on Jorge Newbery 2497 Cdad. Bs. As. It is located on the jurisdiction of the City of Buenos Aires. Duration: 99 years from its registration in the Public Registry of
Commerce. Purpose: To be engaged itself or by third parties or associated with
third parties in the Argentinian Republic in the following activities:
import, export, manufacture, division, purchase, sale and distribution of
chemicals in general and/or manufactured products. |
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COMPANY NAME |
COUNTRY |
TAX REG. |
RELATION % |
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BASICOS FEED GRADE S.A. DE C.V. |
MEXICO |
(AC) BFG930901Q81 |
Related |
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GENERICOS VETERINARIOS S.A. DE C.V. |
MEXICO |
(AC) GVE090727KI6 |
Related |
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MOLECULAS FINAS DE ARGENTINA S.A. |
ARGENTINA |
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Related |
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RETOS Y METAS S.A. DE C.V. |
MEXICO |
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Related |
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VETI MEDICA S.A. DE C.V. |
MEXICO |
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Related |
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Main activity |
Subject is engaged in trading and distribution of raw material for
pharmaceutical industry, chemical preparations for pharmaceutical use,
chemical preparations for veterinary use, chemical-pharmaceutical
preparations and chemical reagents for human or veterinary use and for
cosmetic and food industries. It provides technical support, technical information, such as
specifications, analysis methods, safety data sheets. It develops products of recent patent release. It works with suppliers
to develop active ingredients that comply with its internal specifications
and to cooperate in requirements of its bioequivalence and bioavailability
testing. Sold products: Analgesics, anti-ulcer drugs, descongestant, vitamins,
diuretic, stimulants, anti-obesity drugs, hormonal medicines, expectorants,
flavonoids, gastroprokinetic drugs, hypocholesterolaemic drugs, immune
depressors, laxative, etc. Sold brand: MFM |
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O P E R A T I O N S |
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Import |
Yes |
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Country |
India |
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Export |
Yes |
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COUNTRY |
Central America |
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% Credit SALES / Terms |
100% (Terms: 30, 60 days) |
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% Ventas exterior (Paises) |
2% |
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% DOMESTIC PURCHASES |
10% |
% FOREIGN PURCHASES |
90% |
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SELLING TerritorY |
98% (Domestic market) |
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EMPLOYEES |
70 (*) |
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Comments |
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(*) Workers are hired by outsourcing. Its portfolio consists of 200 customers, including: - Internacional Química Carte S.A. de C.V. - Pecuarios Laboratorios S.A. de C.V. - Química Agrovet S.A. de C.V. It has been granted the ISO 9001:2008 Certification, Approved Group of
Western Service Providers. |
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Disposition |
TF: REPORT PREPARED FROM OUTSIDE SOURCES. |
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Interviewee(s) |
Third-party sources |
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Information provided |
This report was developed with information that was collected from third-party
sources, official and our files because we could contact any of subject's
executives to ask for information. From previous investigations, the Annual Balance Sheets as of
31/12/2011and 31/12/2010 (12 months each) are available. Figures are expressed
in Pesos (Ps$). In consulted sources, it was not found more updated financial
information. |
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FINANCIAL SITUATION |
A+: GOOD According to the last Financial Statement, the company's Financial
Standing is considered to be Satisfactory as it has an adequate
higher-than-average liquidity ratio. Working capital is positive and allows
an orderly fulfillment of payments. Debt-to-equity ratio is acceptable.
Economic results have been satisfactory. In commercial circles, its suppliers gave good references of subject,
with no showing operating problems. |
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Property of company comments |
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Subject's assets include: - Transportation equipment - Laboratory equipment - Computer equipment - Office furniture and equipment - Warehouse equipment |
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INSURANCE |
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Insurance Comments |
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Coverage: Vehicles and merchandise. |
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(Confidential Information)
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TRADE REFERENCES |
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Note : Other suppliers did not provide information or could not be consulted |
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REPUTATION |
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NOTHING AGAINST COMPANY |
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Explanation about commercial reputation |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.56.57 |
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1 |
Rs.86.15 |
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Euro |
1 |
Rs.73.64 |
INFORMATION DETAILS
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Report Prepared
by : |
SDA |
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.