MIRA INFORM REPORT

 

 

Report Date :

12.10.2013

 

IDENTIFICATION DETAILS

 

Name :

SESPO INDUSTRIA E COMERCIO LTDA

 

 

Registered Office :

Rua Manoel Joaquim Filho,303 - Térreo - Santa Terezinha

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

23.09.1947

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture and sale of organic chemical products and veterinary products.

 

 

No. of Employees :

75

 

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 :

Slow

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


Company name

 

SESPO INDÚSTRIA E COMÉRCIO LTDA

 

 

ADDRESSES

 

MAIN ADDRESS:

RUA MANOEL JOAQUIM FILHO,303 - TÉRREO - SANTA TEREZINHA

ZIP CODE/CITY:

13140-000 - PAULÍNIA/SP

 

 

PHONE:

19 3833-7700

FAX:

19 3833-7700

E-MAIL:

heloisa.colletto@ceva.com

 

BRANCHES:

 

 

 

ADDRESS:

AVENIDA PERIMETRAL NORTE,3483 - QUADRA 195 - IT 625 - SETOR EMPRESARIAL

ZIP CODE/CITY:

GOIÂNIA/GO

PHONE:

62 3586-5581

 

 

ADDRESS:

RUA SERGIO JUNGBLUT DIETERICH,270 - SÃO JOÃO

ZIP CODE/CITY:

PORTO ALEGRE/RS

PHONE:

51 3364-7692

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE AND SALE OF ORGANIC CHEMICAL PRODUCTS AND VETERINARY PRODUCTS.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

23/09/1947

REGISTER DATE:

23/09/1947

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

50.464.692/0001-05

STATE REGISTER:

513.461.200.111

 

 

SHARE CAPITAL:

R$ 39.059.884,00

LAST REGISTER OF CAPITAL:

28/11/2008

 

BOARD OF DIRECTORS:

 

 

 

ALEXIS HENRI GAETAN GOUX

PRESIDENT DIRECTOR

 

 

AUTHORIZED USE OF SIGNATURE

 

THE DIRECTOR IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

CEVA SANTE ANIMALE S.A. (FRANCE)

R$ 39.059.882,00

VALERIE CLAIRE ALINE FOUCHER EP MAZEAUD (FRANCE)

R$          1,00

VETCO HOLDING BRAZIL LLC (USA)

R$          1,00

 

AFFILIATES / SUBSIDIARIES:

 

A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS:

 

 

QUIMICA SABARA LTDA

 

CEVA SAÚDE ANIMAL LTDA

 

CEVA PRODUTOS VETERINÁRIOS LTDA

 

CNN LABORATÓRIO VETERINÁRIO LTDA

 

BALI DREAMS, COM IMP EXPORTACAO E DISTRIBUICAO ARTESANATO LTDA

 

ECAT IN OVO BRASIL, IMP EXP E COM DE EQUIPS VACINA EM OVO LTDA

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON SEPTEMBER 23, 1947 AS USAFARMA INDÚSTRIA QUÍMICA E FARMACÊUTICA LTDA TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON AUGUST 23, 1985 IT ALTERED TO SESPO QUIMICA FINA LTDA. ON NOVEMBER 30, 1992 IT ADOPTED THE ABOVE-MENTIONED NAME.

 

ON AUGUST 01, 2012 THE COMPANY TOOK OVER HYG PHARMA INDÚSTRIA E COMÉRCIO DE PRODUTOS VETERINÁRIOS LTDA, CNPJ 09.367.076/0001-24.

 

PARTNERS AND DIRECTORS:

 

CEVA SANTE ANIMALE SA .: HEADQUARTERED AT ZONA INDUSRIAL DE LA BAALLASTIERE, 33501, LIBOURNE, FRANCE, REPRESENTED BY MARIO ROBERTO VILLANOVA NOGUEIRA, BRAZILIAN, HOLDER OF DOCUMENTS RG 15380509, SP AND  CPF 112.098.1928-03, DOMICILIED IN THE STATE OF SÃO PAULO, WITH OFFICE AT AVENIDA PEDROSO DE MORAES, 1201, PINHEIROS, ZIP CODE 05419-001, SÃO PAULO/SP;

 

VETCO HOLDING BRAZIL LLC, : HEADQUARTERED AT CITY CLAYTON, STATE OF MISSOURI, USA, REPRESENTED BY MARIO ROBERTO VILLANOVA NOGUEIRA, BRAZILIAN, HOLDER OF DOCUMENTS RG 15380509, SP AND  CPF 112.098.1928-03, DOMICILIED IN THE STATE OF SÃO PAULO, WITH OFFICE AT AVENIDA PEDROSO DE MORAES, 1201, PINHEIROS, ZIP CODE 05419-001, SÃO PAULO/SP;

 

VALERIE CLAIRE ALINE FOUCHER EP MAZEAUD: FRENCH, HOLDER OF DOCUMENT CPF 233158918-69, RESIDENTIAL ADDRESS AT 10 PLACE DU CHAT BOTTE, 77150, LESIGNY, FRANCE,   REPRESENTED BY MARIO ROBERTO VILLANOVA NOGUEIRA, BRAZILIAN, HOLDER OF DOCUMENTS RG 15380509, SP AND CPF 112.098.1928-03, DOMICILIED IN THE STATE OF SÃO PAULO, WITH OFFICE AT AVENIDA PEDROSO DE MORAES, 1201, PINHEIROS, ZIP CODE 05419-001, SÃO PAULO/SP;

 

ALEXIS HENRI GAETAN GOUX: FRENCH, HOLDER OF DOCUMENTS RGRNE V479202W, SP AND CPF: 060.253.187-00, RESIDENTIAL ADDRESS AT RUA ITAPAIUNA, 1165, CASA 08, JARDIM MORUMBI, SAO PAULOSP.

 

REMARKS:

 

IN THE REGISTER OF COMPANIES THE SHARE CAPITAL IS R$ 39.059.884,00. HOWEVER, IN THE BALANCE SHEET IT SHOWS 33.303.230,00. ACCORDING TO THE COMPANY THE SHARE CAPITAL WAS DECREASED TO ABSORB A TAKEOVER WHICH DETAILS WERE NOT DISCLOSED. THE COMPANY DECLINE TO DISCLOSE ANY FURTHER DETAIL ABOUT SUCH DIFFERENCE.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

PUBLIC INFORMATION:

 

LAWSUITS:

 

 

 

DATE:

COURT OF LAW:

 

2

STATE LAWSUITS

05/06/13

1ª VARA DE SP-JACAREÍ

2

MUNICIPAL LAWSUITS

25/10/12

VARA DE SP-JACAREÍ

4

FEDERAL LAWSUITS

25/06/12

5ª VARA DE SP-CAMPINAS

 

(RESEARCH DATE: 26/09/2013)

 

 

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

1.188.433,00

929.113,00

958.761,00

CLIENTS

980.948,00

1.918.999,00

2.576.706,00

ADVANCES

367.895,00

711.594,00

926.905,00

RECOVERABLE TAXES

6.551.971,00

5.164.552,00

6.981.017,00

OTHER CREDITS

1.885.244,00

3.165.708,00

60.083,00

INVENTORY

4.858.108,00

2.984.628,00

3.493.786,00

PREPAID EXPENSES

 

56.930,00

56.930,00

DOUBTFUL DEBTORS

-87.289,00

-87.289,00

 

JUDICIAL DEPOSITS

5.070,00

5.070,00

 

GRANTED LOANS

49.045,00

41.532,00

 

 

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

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

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

TOTAL CURRENT ASSETS

15.799.425,00

14.890.837,00

15.054.188,00

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

CLIENTS

 

 

676.392,00

ADVANCE TO RELATED PARTIES

 

 

1.692.801,00

OTHER CREDITS

 

 

549.110,00

 

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

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

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

TOTAL LONG-TERM RECEIVABLES

 

 

2.918.303,00

 

FIXED ASSETS:

 

 

 

 

 

 

 

INVESTMENTS

4.976.127,00

7.816.308,00

15.608.602,00

FIXED ASSETS

15.362.616,00

16.160.476,00

17.718.523,00

INTANGIBLE

9.124,00

 

-6.544.691,00

 

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

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

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

TOTAL FIXED ASSETS

20.347.867,00

23.976.784,00

26.782.434,00

 

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

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

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

TOTAL ASSETS

36.147.292,00

38.867.621,00

44.754.925,00

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2012

31/12/2011

31/12/2010

 

 

 

 

SUPPLIERS

2.139.297,00

3.105.096,00

2.540.669,00

FINANCING

 

 

3.276.263,00

TRIBUTARY OBLIGATIONS

456.317,00

90.861,00

4.227.794,00

PROVISIONS

1.654.144,00

1.895.858,00

-107.321,00

LABOR OBLIGATIONS

33.029,00

23.357,00

16.256,00

SOCIAL OBLIGATIONS

 

100.080,00

 

OTHER DEBTS

286.645,00

704.128,00

1.032.984,00

 

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

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

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

TOTAL CURRENT LIABILITIES

4.569.432,00

5.919.380,00

10.986.645,00

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

ACCOUNTS PAYABLE

49.284,00

230.495,00

903.812,00

LOANS AND FINANCING

13.891.916,00

13.675.526,00

10.513.166,00

 

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

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

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

TOTAL LONG TERM LIABILITIES

13.941.200,00

13.906.021,00

11.416.978,00

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

33.303.230,00

33.303.230,00

39.059.885,00

ACCRUED PROFIT (LOSS)

-15.666.571,00

-14.261.010,00

-16.708.583,00

 

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

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

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

TOTAL NET EQUITY

17.636.659,00

19.042.220,00

22.351.302,00

 

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

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

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

TOTAL LIABILITIES

36.147.291,00

38.867.621,00

44.754.925,00

 

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

41.049.707,00

37.689.945,00

37.076.110,00

(-) TAXES ON SALES

5.223.155,00

4.266.819,00

4.689.474,00

 

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

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

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

NET SALES

35.826.552,00

33.423.126,00

32.386.636,00

(-) COST OF SOLD GOODS

19.598.429,00

19.768.087,00

18.515.191,00

 

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

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

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

GROSS PROFIT

16.228.123,00

13.655.039,00

13.871.445,00

OPERATING REVENUE (EXPENSE)

-15.453.487,00

-15.129.327,00

-12.138.443,00

FINANCIAL REVENUE(EXPENSE)

-1.746.576,00

-2.360.644,00

-1.614.864,00

 

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

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

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

OPERATIONAL PROFIT (LOSS)

-971.940,00

-3.834.932,00

118.138,00

NON-OPERATING RESULT

-230.353,00

525.850,00

-458.587,00

CONTRIBUTION/INCOME TAX

-203.268,00

 

 

 

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

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

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

NET PROFIT (LOSS)

-1.405.561,00

-3.309.082,00

-340.449,00

 

RATIOS:

31/12/2012

31/12/2011

31/12/2010

 

QUICK RATIO

2,39

 

2,01

 

1,05

 

CURRENT RATIO

3,46

 

2,52

 

1,37

 

ACCOUNTS RECEIVABLE TURNOVER

36,52

TIMES

17,42

TIMES

12,57

TIMES

DAYS' SALES IN RECEIVABLES

9,86

DAYS

20,67

DAYS

28,64

DAYS

INVENTORY TURNOVER

4,03

TIMES

6,62

TIMES

5,30

TIMES

ACCOUNTS PAYABLE PERIOD

39,30

DAYS

56,55

DAYS

49,40

DAYS

RETURN ON ASSETS

,99

TIMES

,86

TIMES

,72

TIMES

SALES TURNOVER ON NET EQUITY

2,03

TIMES

1,76

TIMES

1,45

TIMES

NET WORTH TIE-UP

,87

 

,85

 

,79

 

INDEBTEDNESS

1,05

 

1,04

 

1,00

 

EQUITY RATIO

48,79

%

48,99

%

49,94

%

WORKING CAPITAL RATIO

245,76

%

151,56

%

37,02

%

GENERAL SOLVENCY

1,95

 

1,96

 

2,00

 

RETURN ON NET EQUITY

-7,97

%

-17,38

%

-1,52

%

RETURN ON SALES (PROFIT MARGIN)

-3,92

%

-9,90

%

-1,05

%

GROSS PROFIT MARGIN

45,30

%

40,86

%

42,83

%

OPERATIONAL RESULT

-2,71

%

-11,47

%

,36

%

SALES TURNOVER ON LIABILITIES

7,84

TIMES

5,65

TIMES

2,95

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,22

 - OFFICIAL RATE ON 26/09/2013

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 DELICATE FINANCIAL STANDING. THE LEVEL OF INDEBTEDNESS IS SLIGHTLY HIGH BUT IT HAS GOOD LIQUIDITY RATIOS AND IMPORTANT WORKING CAPITAL, CONSIDERED SUFFICIENT TO COVER THE SHORT TERM DEBTS. IN ADDITION, SALES GREW SLIGHTLY BUT THE COSTS AND HIGH OPERATING EXPENSES DROVE THE COMPANY TO MAKE LOSS.

 

REAL ESTATE:

 

 OWNED PREMISES ARE VALUED AT R$ 630.795,54

 

DETAIL OF RENTED/LEASED REAL ESTATE:

 

 

 

TYPE:

BUILDING

VALUE:

R$ 3.604,00

 

VEHICLES:

 

OWNED VEHICLES ARE VALUED AT R$ 105.000,00

 

MACHINES:

 

 OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 1.200.000,00

 

INSURANCE

 

INSURANCE COMPANY:

VERA CRUZ SEGURADORA S/A

COVERAGE:

VEHICLES

 

 

INSURANCE COMPANY:

ITAÚ SEGUROS S/A

COVERAGE:

VEHICLES

 

 

INSURANCE COMPANY:

REAL PREV. SEGUROS S/A

COVERAGE:

VEHICLES

 

 

INSURANCE COMPANY:

ITAÚ WINTERTHUR SEGUROS S/A

COVERAGE:

MULTIRISK

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

CITY:

BANCO DO BRASIL S/A

12 3947-7700

SÃO JOSÉ DOS CAMPOS/SP

BANCO BRADESCO S/A

12 3941-9599

SÃO JOSÉ DOS CAMPOS/SP

BANCO ITAÚ S/A

19 3735-9701

PAULÍNIA/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"). DATE RESEARCHED SEPTEMBER 26, 2013.

 

 

ACTIVITIES COMMENTS

 

SUBJECT IS ENGAGED IN THE MANUFACTURE AND SALE OF ORGANIC CHEMICAL PRODUCTS AND VETERINARY PRODUCTS.

 

IMPORT AND EXPORT:

 

IMPORTS FROM:

CHINA, SWITZERLAND, UNITED STATES, SPAIN AND INDIA.

 

EXPORTS TO:

MEXICO AND BOLIVIA.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

PHONE:

AGRIBANDS DO BRASIL

 

19 3884-7188

FARMABASE SAÚDE ANIMAL

 

19 3269-0022

IMPORTADORA BAGE S/A - IBASA

 

 

LONDRIVET COM. DE PRODUTOS AGROPECUÁRIOS LTDA

 

 

MINERTHAL PRODUTOS AGROPECUÁRIOS

 

11 3045-5447

PENTAGRO COM. DE PRODUTOS AGROPECUÁRIOS LTDA

 

 

PURIMAX COM E REPRES DE PRODUTOS AGROPECUÁRIOS

 

 

RASTROFORTE AGRONEGÓCIOS LTDA

 

 

UNIÃO QUIMICA FARMACÊUTICA

 

11 4661-2400

VALLEE S/A

 

 

 

STAFF:

 

THE COMPANY HAS: 75 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY, OPERATING SINCE 1947. SO FAR IT HAS A CLEAR TRADE HISTORY AND OPERATES WITH A FAVORABLE REPUTATION AMONG LOCAL TRADE CIRCLES.

 

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, THUS THE SUBJECT HAS AN EXCELLENT TRADE REPUTATION.

 

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.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

PHONE:

BRENNTAG QUÍMICA BRASIL

 

11 5545-2176

DSM NUTRITIONAL PRODUTOS

 

11 3719-4628

GEGRAF INDÚSTRIA GRÁFICA LTDA

 

11 3612-9011

INDÚSTRIA QUÍMICA TAUBATÉ S/A

 

12 3232-3022

MOLENIA AGRO CIÊNCIAS

 

43 3371-9000

POLY BLOW INDÚSTRIA E COMÉRCIO LTDA

 

11 4178-0011

UNIPAR COMERCIAL LTDA

 

11 4977-2164

VOLP QUÍMICA E COMÉRCIO LTDA

 

11 3556-2040

WHEATON DO BRASIL IND. E COMÉRCIO LTDA

 

11 4355-1802

 

PAYMENT HISTORY:

 

2 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 13.098,00

 

AMOUNT OF INVOICES PAID: 10

TOTAL OF PROMPT PAYMENTS: 100%

HIGHEST INVOICE: R$ 2.282,00

HIGHEST CREDIT: R$ 576,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS:

 

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

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

1

1

R$ 576,70

 

 

FINAL OPINION

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS. UP TO DATE IT HAS CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOUR.

 

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.

 

DESPITE THE LOSSES, A CREDIT LIMIT OF US$ 250.000,00 MAY BE CONSIDERED.

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.16

UK Pound

1

Rs.97.77

Euro

1

Rs.82.78

 

 

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%)

 

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.