|
Report Date : |
27.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
SETA SA - EXTRATIVA TANINO DE ACÁCIA |
|
|
|
|
Registered Office : |
Avenida 1º DE MAIO, 1109 - Bairro Das Rosas 93600-000 - Estância Velha/RS |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
14.11.1941 |
|
|
|
|
Legal Form : |
Privately held corporation |
|
|
|
|
Line of Business : |
Subject is engaged in the manufacturing of chemicals for leather tanning |
|
|
|
|
No. of Employees : |
281 |
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 : |
Slow but correct |
|
Litigation : |
Exist |
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
SETA S/A - EXTRATIVA
TANINO DE ACÁCIA
|
MAIN ADDRESS: |
AVENIDA 1º DE MAIO, 1109 - BAIRRO DAS ROSAS |
|
ZIP CODE/CITY: |
93600-000 - ESTÂNCIA VELHA/RS |
|
|
|
|
PHONE: |
51 3561-2233 |
|
FAX: |
51 3561-2424 |
|
E-MAIL: |
lurdes.santarini@seta-sa.com.br |
|
WEB SITE: |
www.seta-sa.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA RUDOLFO SCHMELLING, 163 - CAIEIRA |
|
ZIP CODE/CITY: |
95860-000 TAQUARI/RS |
|
PHONE: |
51 3653-1155 |
|
CNPJ: |
89.717.268/0002-33 |
|
STATE REGISTER: |
142/0005879 |
|
|
|
|
ADDRESS: |
AV 1º DE MAIO, 1171 - RINÇÃO DA SAUDADE |
|
ZIP CODE/CITY: |
93600-000 ESTÂNCIA VELHA/RS |
|
PHONE: |
51 3561-2673 |
|
CNPJ: |
89.717.268/0003-14 |
|
STATE REGISTER: |
042/0014136 |
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF CHEMICALS. |
|
LEGAL FORM: |
PRIVATELY HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
14/11/1941 |
|
REGISTER DATE: |
12/12/1941 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
89.717.268/0001-52 |
|
STATE REGISTER: |
042/0002502 |
|
|
|
|
SHARE CAPITAL: |
R$ 42.495.194,18 |
|
BOARD OF DIRECTORS: |
|
|
|
|
|
CARLOS ALFREDO LEUCK |
PRESIDENT DIRECTOR |
|
ROBERTO LUZ |
DIRECTOR |
|
DIOGO CARLOS LEUCK |
DIRECTOR |
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS / PARTNERS: |
|
|
|
|
|
SETAPAR S/A |
68,85% |
|
OTHERS |
31,15% |
|
AFFILIATES / SUBSIDIARIES: |
|
|
|
|
|
AGROSETA S/A |
|
|
ACQUAQUIMICA LTDA |
|
|
TOPFIX REPRESENTAÇÕES LTDA |
|
|
CURTIDORA ÁQUILA S/A |
|
|
THE SUBJECT WAS ESTABLISHED ON NOVEMBER 14, 1941 AS S/A EXTRATIVA TANINO DE ACACIA TO BE ENGAGED IN THE SAID LINE OF BUSINESS. LATER IT ADOPTED THE ABOVE MENTIONED NAME. ABOUT SETA GROUP: SETA GROUP HAS BEEN LOCATED IN ESTÂNCIA VELHA CITY IN RIO GRANDE DO SUL STATE IN BRAZIL SINCE ITS FOUNDATION IN 1941. AT THIS PLANT, IT IS CENTERED THE ADMINISTRATION OF THE WHOLE GROUP, AS WELL AS THE PRODUCTION OF VEGETABLE TANNIN, CHEMICAL SPECIALITIES, COMMERCIALIZING AND STOCKING OF SETA'S LINE OF PRODUCTS AND ITS PARTNERS. COMPANIES, WHICH BELONG TO THE GROUP ARE: SETA S/A - EXTRATIVA TANINO DE ACÁCIA IS ITS NAME (EXTRACTIVE INDUSTRY OF TANNIN OF ACACIA), IT PRODUCES TANNIN AND OTHER CHEMICAL PRODUCTS TO SUPPLY THE LEATHER MARKET. ITS MAIN OFFICE IS LOCATED IN ESTÂNCIA VELHA CITY IN RIO GRANDE DO SUL STATE (RS) IN BRAZIL. THERE IS A BRANCH IN TAQUARI CITY IN RIO GRANDE DO SUL STATE. MITA LTDA., A JOINT VENTURE COMPOSED OF SETAPAR AND MITSUBISHI CORPORATION, CIA THAT PRODUCES WOODCHIPS TO THE CELLULOSE WORLDWIDE INTERNATIONAL MARKET. ACQUAQUÍMICA LTD. PRODUCES CHEMICAL SPECIALTIES BASED ON TANNIN TO SEVERAL INDUSTRIAL SEGMENTS. RIVER CHIMICA INDUSTRIALE S.P.A. MANAGES THE REPRESENTATIVE AND COMMERCIALIZING MATTERS OF CHEMICAL PRODUCTS. SETAPAR S/A IS THE GROUP'S HOLDING COMPANY. THE COMPANY HAS THE ISO 9001 CERTIFICATION. FURTHER DETAILS ARE SO FAR NOT KNOWN. WHEN CONTACTING THE SUBJECT WE INTERVIEWED MISS LURDES, 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. |
|
PUBLIC INFORMATION: |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
1 |
FEDERAL LAWSUIT |
12/08/11 |
VARA DE RS-ESTÂNCIA VELHA |
|
GENERAL BALANCE SHEETS AS OF 31/12/2012, 31/12/2011 AND 31/12/2010. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
CASH AND BANKS |
639 |
338 |
2.766 |
|
INVESTMENTS |
1.053 |
14.041 |
549 |
|
CLIENTS |
17.291 |
15.027 |
18.777 |
|
INVENTORY |
5.988 |
6.799 |
4.827 |
|
RECOVERABLE TAXES |
549 |
493 |
385 |
|
ADVANCE TO SUPPLIERS |
70 |
163 |
261 |
|
PREPAID EXPENSES |
24 |
31 |
101 |
|
OTHER CREDITS |
220 |
2.062 |
322 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
25.834 |
38.954 |
27.988 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
JUDICIAL DEPOSITS |
2.926 |
572 |
47 |
|
INTERCOMPANY CREDITS |
13.073 |
7.828 |
9.967 |
|
TRIBUTARY CREDITS |
82 |
138 |
176 |
|
OTHER CREDITS |
243 |
244 |
243 |
|
ASSETS HELD FOR SALE |
3.103 |
|
|
|
DEFERRED TAXES |
2.092 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
21.519 |
8.782 |
10.433 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
19.286 |
18.652 |
19.089 |
|
FIXED ASSETS |
26.943 |
25.051 |
24.285 |
|
INTANGIBLE |
1.420 |
1.880 |
1.577 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
47.649 |
45.583 |
44.951 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
95.002 |
93.319 |
83.372 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
SUPPLIERS |
2.518 |
2.336 |
1.628 |
|
BANKING DEBTS |
12 |
|
|
|
SOCIAL / LABOR OBLIGATIONS |
1.564 |
1.321 |
1.157 |
|
TRIBUTARY OBLIGATIONS |
2.523 |
2.345 |
1.379 |
|
COMMISSIONS DUE |
1.778 |
1.707 |
968 |
|
ADVANCE FROM CLIENTS |
120 |
41 |
4 |
|
SALES FOR FUTURE DELIVERY |
898 |
43 |
324 |
|
DIVIDENDS |
1.896 |
3.181 |
|
|
OTHER DEBTS |
238 |
234 |
612 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
11.547 |
11.208 |
6.072 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
10.797 |
10.797 |
10.797 |
|
TRIBUTARY OBLIGATIONS |
12.470 |
12.647 |
14.960 |
|
PROVISION FOR CONTINGENCIES |
1.756 |
1.139 |
1.222 |
|
PROV./LOSSES IN INVESTMENTS |
2.883 |
1.952 |
4.261 |
|
OTHER |
|
|
27 |
|
DEFERRED TAXES |
935 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
28.841 |
26.535 |
31.267 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
42.495 |
42.495 |
19.956 |
|
CAPITAL RESERVES |
|
|
67.768 |
|
REVALUATION RESERVES |
2.426 |
3.294 |
3.538 |
|
ACCRUED PROFIT (LOSS) |
9.693 |
9.787 |
-45.229 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
54.614 |
55.576 |
46.033 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
95.002 |
93.319 |
83.372 |
|
PROFIT AND LOSS
ACCOUNTS AS OF 31/12/2012, 31/12/2011 AND 31/12/2010. |
|
( FIGURES ARE IN
THOUSANDS OF REAIS ). |
|
|
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
GROSS SALES |
79.375 |
64.005 |
60.714 |
|
(-) TAXES ON SALES |
6.183 |
5.087 |
5.036 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
73.192 |
58.918 |
55.678 |
|
(-) COST OF SOLD GOODS |
38.378 |
32.052 |
30.031 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
34.814 |
26.866 |
25.647 |
|
OPERATING REVENUE (EXPENSE) |
-22.233 |
-11.785 |
-23.571 |
|
FINANCIAL REVENUE(EXPENSE) |
-1.270 |
-78 |
-10.902 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
11.311 |
15.003 |
-8.826 |
|
CONTRIBUTION/INCOME TAX |
-1.125 |
-2.279 |
|
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
10.186 |
12.724 |
-8.826 |
|
RATIOS: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
QUICK RATIO |
1,72 |
|
2,87 |
|
3,81 |
|
|
CURRENT RATIO |
2,24 |
|
3,48 |
|
4,61 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
4,23 |
TIMES |
3,92 |
TIMES |
2,97 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
85,05 |
DAYS |
91,82 |
DAYS |
121,41 |
DAYS |
|
INVENTORY TURNOVER |
6,41 |
TIMES |
4,71 |
TIMES |
6,22 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
23,62 |
DAYS |
26,24 |
DAYS |
19,52 |
DAYS |
|
RETURN ON ASSETS |
,77 |
TIMES |
,63 |
TIMES |
,67 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
1,34 |
TIMES |
1,06 |
TIMES |
1,21 |
TIMES |
|
NET WORTH TIE-UP |
,49 |
|
,45 |
|
,53 |
|
|
INDEBTEDNESS |
,74 |
|
,68 |
|
,81 |
|
|
EQUITY RATIO |
57,49 |
% |
59,55 |
% |
55,21 |
% |
|
WORKING CAPITAL RATIO |
123,73 |
% |
247,56 |
% |
360,94 |
% |
|
GENERAL SOLVENCY |
2,35 |
|
2,47 |
|
2,23 |
|
|
RETURN ON NET EQUITY |
18,65 |
% |
22,89 |
% |
-19,17 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
13,92 |
% |
21,60 |
% |
-15,85 |
% |
|
GROSS PROFIT MARGIN |
47,57 |
% |
45,60 |
% |
46,06 |
% |
|
OPERATIONAL RESULT |
15,45 |
% |
25,46 |
% |
-15,85 |
% |
|
SALES TURNOVER ON LIABILITIES |
6,34 |
TIMES |
5,26 |
TIMES |
9,17 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,32 |
- OFFICIAL RATE ON 14/11/2013 |
|
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 FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING. IT HAS HIGH LIQUIDITY AND GOOD WORKING CAPITAL, AS WELL AS ACCEPTABLE LEVEL OF INDEBTEDNESS. IT ALSO SHOWS GROWING SALES AND POSTED PROFIT, REVERSING THE PRIOR YEAR'S LOSS. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 16.140.000,00
|
DETAIL OF OWNED REAL ESTATE: |
|
QUANTITY: |
1 |
|
TYPE: |
PLANT |
|
TOTAL AREA: |
39.018,80 M² |
|
VALUE: |
R$ 11.085.000,00 |
|
ADDRESS: |
ESTÂNCIA VELHA PLANT |
|
|
|
|
QUANTITY: |
1 |
|
TYPE: |
PLANT |
|
TOTAL AREA: |
169.544,98 M² |
|
VALUE: |
R$ 11.210.900,00 |
|
ADDRESS: |
TAQUARI PLANT |
|
|
|
|
QUANTITY: |
1 |
|
TYPE: |
OTHERS |
|
TOTAL AREA: |
55.540 M² |
|
VALUE: |
R$ 4.084.700,00 |
|
ADDRESS: |
ESTÂNCIA VELHA OFFICE |
|
|
|
|
QUANTITY: |
1 |
|
TYPE: |
OTHERS |
|
TOTAL AREA: |
10.000 M² |
|
VALUE: |
R$ 1.942.400,00 |
|
ADDRESS: |
ESTÂNCIA VELHA CHEMICAL BRANCH |
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 368.000,00
|
MACHINES: |
NOT AVAILABLE
|
THE COMPANY ADOPTS THE POLICY TO CONRACT INSURANCE COVERAGE FOR ASSETS SUBJECT TO RISKS BY AMOUNTS CONSIDERED SUFFICIENT TO COVER POSSIBLE LOSES, CONSIDERING THE NATURE OF ITS ACTIVITY. |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO ITAÚ S/A |
51 3594-1004 |
NOVO HAMBURGO/RS |
|
BANCO BRADESCO S/A |
51 3594-1132 |
NOVO HAMBURGO/RS |
|
BANCO SANTANDER (BRASIL) S/A |
51 3562-2888 |
ESTÂNCIA VELHA/RS |
|
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"). |
|
SUBJECT IS ENGAGED IN THE MANUFACTURING OF CHEMICALS FOR LEATHER TANNING. |
|
IMPORT AND EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
ITALY, MEXICO, UNITED STATES, INDIA AND CHINA. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC CLIENTS: |
|
PHONE: |
|
A.P. MULLER S/A |
|
51 3562-1000 |
|
CURTIDORA NOSSA SENHORA APARECIDA LTDA |
|
35 3531-1775 |
|
INDÚSTRIAS REUNIDAS IRMÃOS SCARABEL LTDA |
|
19 3651-4122 |
|
WYNY DO BRASIL IND. E COM. DE COUROS LTDA |
|
43 3258-3635 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 281 EMPLOYEE(S) |
|
THE SUBJECT IS AN OLD-ESTABLISHED COMPANY, OPERATING SINCE 1966. SO FAR IT HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEMS ARE NOTED. 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 LAWSUIT REPORTED IS NOT RELATED WITH TRADE DEBT. IT IS RELATED TO TAX DEBT THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID. NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUIT DOES NOT AFFECT THE COMPANY'S TRADE REPUTATION. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC SUPPLIERS: |
|
PHONE: |
|
ABADIR DISTR. E IMPORT. DE ROLAMENTOS E PEÇAS |
|
1 3477-1650 |
|
DEMUTH MÁQUINAS INDUSTRIAIS LTDA |
|
51 3587-4011 |
|
PEDRAS BRANCAS INDÚSTRIA QUÍMICA LTDA |
|
54 3228-1377 |
|
PAYMENT HISTORY: |
|
09 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 323.891,00 |
|
|
|
AMOUNT OF INVOICES PAID: 72 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 19.000,00 |
|
HIGHEST CREDIT: R$ 19.000,00 |
|
|
|
OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
1 |
1 |
R$ 926,53 |
|
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.62.45 |
|
|
1 |
Rs.100.86 |
|
Euro |
1 |
Rs.84.50 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.