MIRA INFORM REPORT

 

 

Report Date :

12.06.2013

 

IDENTIFICATION DETAILS

 

Name :

INDÚSTRIAS TÊXTEIS SUECO LTDA.

 

 

Registered Office :

Estrada Municipal,57 - Jardim Santo Afonso07270-000 - Guarulhos/Sp

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

05.05.1970

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of Textiles

 

 

No. of Employees :

570

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

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 – 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

 

INDÚSTRIAS TÊXTEIS SUECO LTDA.

 

 

ADDRESSES

 

MAIN ADDRESS:

ESTRADA MUNICIPAL,57 - JARDIM SANTO AFONSO

ZIP CODE/CITY:

07270-000 - GUARULHOS/SP

 

 

PHONE:

11 2196-2299

FAX:

11 2196-2299

E-MAIL:

rosana.salgo@itsueco.com.br

WEB SITE:

www.itsueco.com.br

 

BRANCHES:

 

 

 

ADDRESS:

RUA CORREIA DE MELO,192 7°. ANDAR - BOM RETIRO

ZIP CODE/CITY:

01123-020 SÃO PAULO/SP

PHONE:

11 2196-2299

FAX:

11 2196-2263

CNPJ:

62.781.778/0009-00

STATE REGISTER:

EXEMPT

 

 

ADDRESS:

RODOVIA BR 101, KM 112, Nº,700 SALA 3 - SALSEIROS

ZIP CODE/CITY:

88311600 ITAJAI/SC

PHONE:

47 3344-6053

CNPJ:

62.781.778/0015-38

 

 

ADDRESS:

RODOVIA BR 101, KM,271 SALA 7 - TIMS

ZIP CODE/CITY:

29160-970 CARAPINA/ES

CNPJ:

62.781.778/0014-57

 

 

ADDRESS:

RUA JOSE GOMES,53 SALA 04 - CENTRO

ZIP CODE/CITY:

83204-970 PARANAGUÁ/PR

CNPJ:

62.781.778/0016-19

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF TEXTILES.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

05/05/1970

REGISTER DATE:

05/05/1970

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

62.781.778/0001-32

STATE REGISTER:

336.229.720.119

 

 

SHARE CAPITAL:

R$ 6.000.000,00

LAST REGISTER OF CAPITAL:

26/07/2007

 

BOARD OF DIRECTORS:

 

 

 

ALBERT SOUED

MANAGING PARTNER

YACHA SOUED

MANAGING PARTNER

 

 

AUTHORIZED USE OF SIGNATURE

 

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

 

SHAREHOLDERS / PARTNERS:

 

 

 

ALBERT SOUED

50%

YACHA SOUED

50%

 

AFFILIATES / SUBSIDIARIES:

 

 

 

NOT AVAILABLE

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON MAY 5, 1970 TO BE ENGAGED IN THE SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN.

 

THE COMPANY OPERATES WITH THE TRADE NAME MALHARIA SUECO.

 

THE PARTNERS:

 

ALBERT SOUED, BRAZILIAN, MARRIED, ENTREPRENEUR, HOLDER OF DOCUMENTS, RG 4.517.083 SSP/SP AND CPF 100.064.278-04, RESIDENCIAL ADDRESS AT RUA ENGENHEIRO EDGARD DE SOUZA 221, APTº 151, PACAEMBU, SÃO PAULO/SP;

 

YACHA SOUED, BRAZILIAN, MARRIED, ENTREPRENEUR, HOLDER OF DOCUMENTS, RG 5.064.119-0 SSP/SP AND CPF 457.991.648-49, RESIDENCIAL ADDRESS AT RUA MANGABEIRAS 91, APTº 221, SANTA CECÍLIA, PAULO/SP.

 

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

 

PUBLIC INFORMATION:

 

PROTESTS:

 

2  PROTESTS,TOTAL AMOUNT R$ 4.590,89

 

DETAILS OF LATEST PROTESTS:

 

NOTARY OFFICE:

DATE:

VALUE:

1º CARTORIO DE GUARULHOS//SP

28/02/2013

R$ 3.183,00

CARTORIO DE GUARAMIRIM/SC

24/05/2013

R$ 1.407,89

 

 

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 BANKS

6.514.398,29

4.504.316,15

16.975.273,99

CLIENTS

17.601.301,21

20.830.824,38

10.371.478,61

ACCOUNTS RECEIVABLE

1.021.322,21

1.314.845,99

1.044.223,07

ADVANCES

688.976,02

154.104,53

657.040,99

RECOVERABLE TAXES

958.251,59

395.757,83

252.955,82

GRANTED LOANS

 

 

23.834,17

INVENTORY

22.223.865,30

12.773.412,50

13.558.692,75

RECTIFICATION ACCOUNTS

-6.242.485,91

-699.203,43

-699.203,43

PREPAID EXPENSES

176.665,64

187.853,66

137.014,49

EXPORT RECECEIVABLES

1.076.910,00

5.070.624,98

4.449.945,14

ADVANCE TO SUPPLIERS

4.956.574,71

5.058.743,64

 

OTHER

247.185,16

247.185,16

 

 

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

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

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

TOTAL CURRENT ASSETS

49.222.964,22

49.838.465,39

46.771.255,60

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

NOTES RECEIVABLE

 

 

438.423,50

INTERCOMPANY CREDITS

39.826.522,86

18.100.221,37

9.720.765,29

JUDICIAL DEPOSITS

106.687,19

106.687,19

 

GRANTED LOANS

1.899.407,71

1.899.407,71

 

MARKETABLE SECURITIES

50.000,00

50.000,00

 

 

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

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

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

TOTAL LONG-TERM RECEIVABLES

41.882.617,76

20.156.316,27

10.159.188,79

 

FIXED ASSETS:

 

 

 

 

 

 

 

INVESTMENTS

14.771,24

14.771,24

14.771,24

FIXED ASSETS

14.480.948,23

14.944.140,47

13.832.617,91

INTANGIBLE

779.984,02

779.984,02

776.084,02

 

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

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

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

TOTAL FIXED ASSETS

15.275.703,49

15.738.895,73

14.623.473,17

 

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

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

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

TOTAL ASSETS

106.381.285,47

85.733.677,39

71.553.917,56

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2011

31/12/2010

31/12/2009

 

 

 

 

SUPPLIERS

6.896.150,29

7.865.831,02

5.015.011,59

LOANS AND FINANCING

55.231.725,35

44.135.856,40

18.967.775,53

SOCIAL / LABOR OBLIGATIONS

3.572.627,18

1.539.652,10

1.260.050,55

TRIBUTARY OBLIGATIONS

951.953,49

4.305.454,85

1.570.157,43

ACCOUNTS PAYABLE

665.178,56

236.486,78

243.367,57

PROVISIONS

673.975,25

490.573,06

 

IMPORTS IN PROGRESS

106.938,55

106.938,55

 

INTERESTS ON OWN CAPITAL

1.086.465,55

 

 

 

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

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

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

TOTAL CURRENT LIABILITIES

69.185.014,22

58.680.792,76

27.056.362,67

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

RELATED COMPANIES

182.057,46

924.389,97

 

DEFERRED TAXES

586.592,56

586.592,56

1.602.779,68

LOANS AND FINANCING

27.202.931,51

17.686.137,78

33.569.565,41

INSTALLMENTS TAXES PAYABLE

504.650,44

504.650,44

 

 

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

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

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

TOTAL LONG TERM LIABILITIES

28.476.231,97

19.701.770,75

35.172.345,09

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

6.000.000,00

6.000.000,00

6.000.000,00

UNPAID CAPITAL

-5.450.000,00

-5.450.000,00

-5.450.000,00

CAPITAL RESERVES

3.787.985,07

3.787.985,07

2.628.221,99

PROFIT RESERVES

3.013.128,82

3.013.128,82

2.130.071,54

ACCRUED PROFIT (LOSS)

 

 

884.554,73

REVALUATION RESERVES

 

 

3.132.361,54

OTHER

1.368.925,39

-,01

 

 

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

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

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

TOTAL NET EQUITY

8.720.039,28

7.351.113,88

9.325.209,80

 

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

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

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

TOTAL LIABILITIES

106.381.285,47

85.733.677,39

71.553.917,56

 

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

306.547.763,00

292.079.489,23

226.287.754,83

(-) TAXES ON SALES

75.854.926,00

74.055.091,57

32.087.374,14

 

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

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

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

NET SALES

230.692.837,00

218.024.397,66

194.200.380,69

(-) COST OF SOLD GOODS

158.401.259,00

197.516.664,76

164.743.332,10

 

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

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

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

GROSS PROFIT

72.291.578,00

20.507.732,90

29.457.048,59

OPERATING REVENUE (EXPENSE)

-61.114.639,00

-15.969.499,58

-27.934.664,09

FINANCIAL REVENUE(EXPENSE)

-9.089.296,00

-5.702.416,04

-370.966,18

 

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

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

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

OPERATIONAL PROFIT (LOSS)

2.087.643,00

-1.164.182,72

1.151.418,32

NON-OPERATING RESULT

60.833,00

2.988.785,58

 

CONTRIBUTION/INCOME TAX

-673.975,00

-490.573,06

-266.863,59

PROFIT SHARING

-105.576,00

-41.924,93

 

 

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

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

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

NET PROFIT (LOSS)

1.368.925,00

1.292.104,87

884.554,73

 

MONTHLY SALES

 

  2013

  2012

 

 

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

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

 

JANUARY

R$ 28.270.512,77

R$ 25.884.945,32

 

FEBRUARY

R$ 27.299.188,44

R$ 31.784.136,42

 

MARCH

R$ 24.512.169,77

R$ 32.423.376,07

 

APRIL

R$ 31.872.591,19

R$ 28.137.620,82

 

MAY

 

R$ 31.411.337,76

 

JUNE

 

R$ 31.479.221,85

 

JULY

 

R$ 34.290.799,44

 

AUGUST

 

R$ 34.646.488,88

 

SEPTEMBER

 

R$ 33.459.885,63

 

OCTOBER

 

R$ 38.311.371,19

 

NOVEMBER

 

R$ 30.738.914,03

 

DECEMBER

 

R$ 22.090.599,67

 

TOTAL

R$ 111.954.462,17

R$ 374.658.697,08

 

 

RATIOS:

31/12/2011

31/12/2010

31/12/2009

 

QUICK RATIO

,39

 

,63

 

1,23

 

CURRENT RATIO

,71

 

,85

 

1,73

 

ACCOUNTS RECEIVABLE TURNOVER

13,11

TIMES

10,47

TIMES

18,72

TIMES

DAYS' SALES IN RECEIVABLES

27,47

DAYS

34,40

DAYS

19,23

DAYS

INVENTORY TURNOVER

7,13

TIMES

15,46

TIMES

12,15

TIMES

ACCOUNTS PAYABLE PERIOD

15,67

DAYS

14,34

DAYS

10,96

DAYS

RETURN ON ASSETS

2,17

TIMES

2,54

TIMES

2,71

TIMES

SALES TURNOVER ON NET EQUITY

26,46

TIMES

29,66

TIMES

20,83

TIMES

NET WORTH TIE-UP

1,66

 

2,03

 

1,48

 

INDEBTEDNESS

11,20

 

10,66

 

6,67

 

EQUITY RATIO

8,20

%

8,57

%

13,03

%

WORKING CAPITAL RATIO

-28,85

%

-15,07

%

72,87

%

GENERAL SOLVENCY

1,09

 

1,09

 

1,15

 

RETURN ON NET EQUITY

15,70

%

17,58

%

9,49

%

RETURN ON SALES (PROFIT MARGIN)

,59

%

,59

%

,46

%

GROSS PROFIT MARGIN

31,34

%

9,41

%

15,17

%

OPERATIONAL RESULT

,90

%

-,53

%

,59

%

SALES TURNOVER ON LIABILITIES

3,33

TIMES

3,72

TIMES

7,18

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,15

 - OFFICIAL RATE ON 10/06/2013

US$ 1,00 = R$ 1,87

 - OFFICIAL RATE ON 31/12/2011

US$ 1,00 = R$ 1,33

 - 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 VERY HIGH AND IT SHOWS LOW LIQUIDITY. ON THE OTHER HAND THE COMPANY SHOWS GROWING SALES AND POSITIVE RESULT WAS MADE.

 

REMARK: THE COMPANY DID NOT SEND ANY CLARIFICATION ABOUT THE NON-OPERATING RESULTS SHOWED IN THE BALANCE SHEETS.

 

REAL ESTATE:

 

OWNED PREMISES ARE VALUED AT R$ 236.307,37

 

VEHICLES:

 

   OWNED VEHICLES ARE VALUED AT R$ 999.951,00

 

MACHINES:

 

OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 17.009.762,03

 

 

INSURANCE

 

INSURANCE COMPANY:

ALLIANZ

COVERAGE:

CORPORATE (COMPREHENSIVE)

EXPIRATION:

29/04/2014

VALUE:

R$ 58.350.000,00

 

 

INSURANCE COMPANY:

GENERALI BRASIL SEGURUOS

COVERAGE:

VEHICLES

EXPIRATION:

06/05/2013

VALUE:

R$ 26.415,48

 

 

INSURANCE COMPANY:

PORTO SEGURO

COVERAGE:

VEHICLES

EXPIRATION:

22/06/2013

VALUE:

R$ 7.610,95

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

CITY:

BANCO FIBRA S/A

FARIA LIMA / 11 3847-6625

SÃO PAULO/SP

BANCO BRADESCO S/A

CENTRAL / 11 3235-9281

SÃO PAULO/SP

BANCO SAFRA S/A

BOM RETIRO / 11 2177-5555

SÃO PAULO/SP

BANCO DAYCOVAL S/A

BOM RETIRO / 11 3367-6700

SÃO PAULO/SP

BANCO ABN AMRO REAL S/A

BOA VISTA / 11 3242-6099

SÃO PAULO/SP

BANCO RENDIMENTO S/A

MATRIZ / 11 3457-0789

SÃO PAULO/SP

BANCO DO BRASIL S/A

11 2106-1021

SÃO PAULO/SP

BANCO CITIBANK S/A

MATRIZ / 11 4009-8566

SÃO PAULO/SP

BANCO SOFISA S/A

MATRIZ / 11 3176-5567

SÃO PAULO/SP

BANCO UNIBANCO S/A

AUGUSTA / 11 3343-9898

SÃO PAULO/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

 

SUBJECT IS ENGAGED IN THE MANUFACTURE OF TEXTILES, DYEING AND PRINTED FABRICS.

 

IMPORT AND EXPORT:

 

IMPORTS FROM:

SINGAPORE, KOREA AND INDONESIA.

 

EXPORTS TO:

NOT AVAILABLE

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

 

ANTONIN TEXTIL LTDA

 

 

ART LIVRE MODAS LTDA  - EPP

 

 

BRUMAS DE ALGODÃO COM DE CONFECÇÕES LTDA

 

11 4193-5011

CONFECÇÕES BELA VISUAL LTDA

 

11 6292-0930

CONFORMATEC IND E COM SOCIEDADE LTDA

 

35 3539-4600

DISTRIBUIDORA SULAMERICANA IMP EXP LTDA

 

11 3611-9455

ENR MODA ESPORTIVA IND E COM LTDA

 

11 3871-2825

FIBRA TEXTIL LTDA

 

 

JAVLIN IND E COM DE CONFECÇÕES LTDA

 

11 2580-7538

KABRIOLI CONFECÇÕES LTDA

 

11 2127-7777

MARCO POLO TEXTIL IND E COM LTDA

 

11 2149-7000

MATURO´S MALHAS LTDA - ME

 

 

MIL MLHAS LTDA

 

 

RHINOTEX INDUSTRIA E COMERCIO

 

11 6694-3357

SPACE ONE IND E COM DE CONFECÇÕES LTDA

 

11 2577-9911

TEXTIL CORTI LESTER S/A

 

 

TEXTIL OBOMGO LTDA

 

 

TEXTIL SILVA SANTOS LTDA

 

11 6090-3800

TRÊS ESTADOS IND E COM LTDA

 

11 3337-0101

 

STAFF:

 

THE COMPANY HAS: 570 EMPLOYEE(S)

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY OPERATING SINCE 1970 WITH FAVORABLE REPUTATION AND A GROWING SCALE OF ACTIVITIES.

 

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.

 

MOST OF THE SUPPLIERS WHICH PROVIDED INFORMATION REPORTED PROMPT PAYMENTS AND THE SUBJECT HAS A GOOD PAYMENT RECORD.

 

THE PROTESTS FOUND ARE CONSIDERED IRRELEVANT.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

 

ALFACOM S/A

 

 

BOEHME PAN AMERICA INDUSTRIAL LTDA

 

47 3353-9900

CIA DE GÁS DE SÃO PAULO - COMGAS

 

11 4504-5211

CLARIANT S/A

 

11 5683-7586

CLARIANT S/A

 

 

COGNIS BRASIL LTDA

 

11 2133-2531

CUCINARE PRÓ ALIMENTAÇÃO LTDA

 

11 2141-5333

DYSTAR LTDA

 

11 5508-3681

HJ MALHAS LTDA

 

 

LUMALOG TRANSPORTES LTDA

 

 

OTL OECKSLER TEXTIL LTDA

 

 

ROMANI S/A INDUSTRIA E COMERCIO

 

 

SANTA MARIA CIA DE PAPEL CELULOSE

 

42 3621-4000

TECHINICAL QUIMICA LTDA - EPP

 

 

VBR LOGISTCA LTDA

 

 

 

FOREIGN SUPPLIERS:

COUNTRY:

PHONE:

DO BEST CO LTD

KOREA

82.2.3271.3800

DO BEST CO. LTDA

KOREA

82.2.3271.3800

HOF GARN GMBH

 

 

ISIN LANKA LTD

 

 

KAYBEE EXIM PTE LTD

SINGAPORE

62998900

PT INDORAMA SYNTHETICS

INDONESIA

11 3313-3564

TEXPORTO PTE LTD

 

 

TONGKOOK CO

KOREA

2001.6000

TREOS L.L.C

 

 

 

PAYMENT HISTORY:

 

6 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 296.449,00

 

AMOUNT OF INVOICES PAID: 25

TOTAL OF PROMPT PAYMENTS: 100%

HIGHEST INVOICE: R$ 88.651,00

HIGHEST CREDIT: R$ 1.832,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 60 DAYS:

 

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

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

4

10

R$ 16.166,60

DUE WITHIN 60 DAYS

1

1

R$ 8.775,00

 

 

FINAL OPINION

 

THE SUBJECT IS A TRADITIONAL AND WELL-ESTABLISHED COMPANY OPERATING FOR OVER 30 YEARS. OUR INVESTIGATION SHOWED A CLEAR TRADE HISTORY 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.

 

DESPITE SOME NEGATIVE RESULTS A CREDIT LIMIT OF USD 500.000,00 MAY BE CONSIDERED.

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.58.92

UK Pound

1

Rs.91.80

Euro

1

Rs.78.18

 

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

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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%)

 

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.