|
Report Date : |
19.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
COMERCIAL INDUSTRIAL DELTA S.A. CIDELSA |
|
|
|
|
Registered Office : |
Pedro Miotta 910, Urb. San Juan (Zona Industrial) San Juan de Miraflores, Lima, 29 |
|
|
|
|
Country : |
Peru |
|
|
|
|
Financials (as on) : |
31.12.2010 (Interim Balance Sheet) |
|
|
|
|
Date of Incorporation : |
02.11.1967 |
|
|
|
|
Com. Reg. No.: |
Card 286, Page 373, Entry 1 |
|
|
|
|
Legal Form : |
Joint-Stock Company |
|
|
|
|
Line of Business : |
manufacturer
of light structures, swimming pool tensile coverings and structured
warehouses, commercial, industrial and multi-purpose awnings, as well as
tents, blankets, flexible tanks, safety clothing, advertising panels &
inflatable silos as well as at the same time subject installs PVC and HDPE
waterproof geomembranes for leaching processes of minerals, pipes,
agrotextiles & geotextiles |
|
|
|
|
No of Employees : |
333 |
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 but Correct |
|
|
|
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Peru |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
Peru ECONOMIC OVERVIEW
Peru's economy reflects its varied geography - an arid lowland coastal
region, the central high sierra of the Andes, the dense forest of the Amazon, with
tropical lands bordering Colombia and Brazil. A wide range of important mineral
resources are found in the mountainous and coastal areas, and Peru's coastal
waters provide excellent fishing grounds. The Peruvian economy has been growing
by an average of 6.4% per year since 2002 with a stable/slightly appreciating
exchange rate and low inflation, which in 2013 is expected to be below the
upper limit of the Central Bank target range of 1 to 3%. Growth has been in the
6-9% range for the last three years, due partly to a leap in private
investment, especially in the extractive sector, which accounts for more than
60% of Peru's total exports. Despite Peru's strong macroeconomic performance,
dependence on minerals and metals exports and imported foodstuffs subjects the
economy to fluctuations in world prices. Poor infrastructure hinders the spread
of growth to Peru's non-coastal areas. Peru's rapid expansion coupled with cash
transfers and other programs have helped to reduce the national poverty rate by
23 percentage points since 2002, but inequality persists and continues to pose
a challenge for the new Ollanta HUMALA administration, which has championed a
policy of social inclusion and a more equitable distribution of income. Peru's
free trade policy has continued under the HUMALA administration; since 2006,
Peru has signed trade deals with the US, Canada, Singapore, China, Korea,
Mexico, Japan, the European Free Trade Association, Chile, and four other
countries; concluded negotiations with Venezuela, Costa Rica, and Guatemala;
and begun trade talks with two other Central American countries and the
Trans-Pacific Partnership. Peru also has signed a trade pact with Chile,
Colombia, and Mexico called the Pacific Alliance that rivals Mercosur in
combined population, GDP, and trade. The US-Peru Trade Promotion Agreement
entered into force 1 February 2009, opening the way to greater trade and
investment between the two economies. Although Peru has continued to attract
foreign investment, political activism and protests are hampering development
of some projects related to natural resource extraction.
|
Source : CIA |
IDENTIFICATION |
|
|
CORRECT COMPANY NAME |
COMERCIAL
INDUSTRIAL DELTA S.A. CIDELSA |
|
TRADE NAME |
CIDELSA |
|
TAXPAYER REGISTRATION |
RUC 20101391397 |
|
MAIN ADDRESS |
Pedro Miotta 910, Urb. San Juan (Zona
Industrial) San Juan de Miraflores, |
|
POSTAL CODE |
Lima, 29 |
|
DEPT/PROV/REGION/STATE |
Lima / Lima |
|
COUNTRY |
PERU |
|
TELEPHONE |
(511) 6178787 - 6178700 |
|
CORPORATE E-MAIL |
|
|
WEB |
|
|
COMMENTS |
|
Additional E-mails: atencioncliente@cidelsa.com ; grosales@cidelsa.com |
|
EXECUTIVE SUMMARY |
|
|
Date of foundation |
1967 |
|
permanent employees |
333 |
|
Chief Executive |
RODRIGUEZ FAVERON, FERNANDO ENRIQUE |
|
Disposition |
REPORT PREPARED FROM OUTSIDE SOURCES. |
|
Payments policy |
Delays but within sector norms |
|
Credit (**) |
MODERATE RISK. (Acceptable financial
situation but limited). |
|
Number of times that this company was
required: 17 |
|
LEGAL STRUCTURE |
|||
|
LEGAL STATUS |
Joint-Stock Company |
|
|
|
DATE OF INCORPORATION |
02NOV1967 |
STARTING DATE |
03/11/1967 |
|
PLACE OF REGISTRY |
Lima |
|
|
|
NOTARY OFFICE |
|
DURATION |
Indefinite |
|
REGISTRATION |
Card 286, Page 373, Entry 1 |
|
|
|
CURRENT EXCHANGE RATE (US$) |
S/.2.80 per US$1.= Dollar |
|
|
|
MEMBERSHIP |
Camara de Comercio de Lima |
|
|
|
COMMENTS |
|
||
Adrian Revilla Vergara stopped being the General Manager in February 2012. |
|||
EXECUTIVES - SHAREHOLDERS
|
FULL NAMES / COMPANY NAME |
TITLE |
%PART. |
SINCE |
|
RODRIGUEZ
ALVAREZ, FERNANDO FEDERICO |
President |
|
27/06/2002 |
|
RODRIGUEZ FAVERON, FERNANDO ENRIQUE |
General Manager |
6% |
22/03/2012 |
|
RODRIGUEZ FAVERON, ALDO GUSTAVO |
Commercial Director |
|
|
|
RODRIGUEZ FAVERON, PAOLA ERIKA |
Director/LogisticsManager |
|
|
|
RODRIGUEZ FAVERON, CARLOS FERNANDO |
Commercial Director |
|
11/11/2004 |
|
RODRIGUEZ FAVERON, GERMAN FERNANDO |
Director |
6% |
11/11/1999 |
|
REVILLA VERGARA, ADRIAN FRANCISCO |
Director |
|
|
|
VARGAS ASCENZO, MIGUEL |
Admin. & Finance Manager |
|
|
|
CORAL CHAVEZ, ANGELA CELESTE |
General Accountant |
|
30/05/2013 |
|
GRAY ROCK INC |
Shareholder / Member |
88% |
|
|
RODRIGUEZ
ALVAREZ, FERNANDO FEDERICO |
|
|
TITLE |
President |
|
NATIONALITY |
Peruvian |
|
D.O.B. |
01OCT1937 |
|
ID |
DNI 08182033 |
|
DOMICILE |
Venecia 147, Urb. Chacarilla del Estanque
(Alt. cdra. 29 Av. San Lius) San Borja, Lima |
|
PROFESSION |
Public Accountant |
|
TAX ID |
10081820339 |
|
BACKGROUND INFORMATION |
In addition to his position of President, he is also a Legal Representative in COMERCIAL INDUSTRIAL DELTA S.A. CIDELSA.His tax ID is active, as issued to be engaged as Invidual without business in business advising activities. |
|
COMPANY |
TITLE |
TAX REG |
COUNTRY |
|
DITEC SAC |
Managing Director |
20101398642 |
PERU |
RODRIGUEZ FAVERON, FERNANDO ENRIQUE
|
TITLE |
General Manager |
|
NATIONALITY |
Peruvian |
|
D.O.B. |
02AUG1963 |
|
ID |
DNI 08190061 |
|
DOMICILE |
Toquepala 182, Dpto.101, Surco , Lima |
|
RODRIGUEZ
FAVERON, FERNANDO ENRIQUE TAX ID |
10081900618 |
|
BACKGROUND INFORMATION |
During February 2013, he was a guarantor for COMERCIAL INDUSTRIAL DELTA S.A., for the global amounts of S/.135,656.= Nuevos Soles and US$2,803,822.= Dollars. |
ASSOCIATED AS PER OUR DATABASE TO
|
COMPANY |
TITLE |
TAX REG |
COUNTRY |
|
DITEC SAC |
Director |
20101398642 |
PERU |
RODRIGUEZ FAVERON, ALDO GUSTAVO
|
TITLE |
Commercial Director |
|
NATIONALITY |
Peruvian |
|
D.O.B. |
27FEB1965 |
|
ID |
DNI 09299272 |
|
DOMICILE |
Marco Jara Schenone 235, Miraflores , Lima |
|
TAX ID |
10092992727 |
ASSOCIATED AS PER OUR DATABASE TO
|
COMPANY |
TITLE |
TAX REG |
COUNTRY |
|
DITEC SAC |
Shareholder |
20101398642 |
PERU |
|
RODRIGUEZ
FAVERON, PAOLA ERIKA |
|
|
TITLE |
Director/LogisticsManager |
|
NATIONALITY |
Peruvian |
|
D.O.B. |
02NOV1969 |
|
ID |
DNI 09533927 |
|
DOMICILE |
El Polo 781, Int. C104, Urb. El Derby
(Costado Clínica San Pablo) Surco, Lima |
|
PROFESSION |
Business Administrator |
|
TAX ID |
10095339277 |
|
BACKGROUND INFORMATION |
In addition to be Logistics Director, she is also a Legal Representative of COMERCIAL INDUSTRIAL DELTA S.A. CIDELSA. |
|
RODRIGUEZ
FAVERON, CARLOS FERNANDO |
|
|
TITLE |
Commercial Director |
|
NATIONALITY |
Peruvian |
|
D.O.B. |
01JUN1973 |
|
ID |
DNI 09993340 |
|
DOMICILE |
Venecia 147, San Borja, Lima |
|
TAX ID |
10099933408 |
|
BACKGROUND INFORMATION |
In addition to be Commercial Director, he is a Legal Representative of COMERCIAL INDUSTRIAL DELTA S.A. CIDELSA. |
|
RODRIGUEZ FAVERON,
GERMAN FERNANDO |
|
|
TITLE |
Director |
|
NATIONALITY |
Peruvian |
|
D.O.B. |
25MAR1964 |
|
ID |
DNI 08211358 |
|
DOMICILE |
Venecia 147, Urb.Chacarilla, San Borja ,
Lima |
|
TAX ID |
10082113580 |
|
BACKGROUND INFORMATION |
In addition to his position of Director, he is also a Legal Representative of COMERCIAL INDUSTRIAL DELTA S.A. CIDELSA.To December 2013, he appears to be a guarantor for COMERCIAL INDUSTRIAL DELTA S.A. for amounts of S/.135,656.= Nuevos Soles and US$2,803,822.= Dollars. |
ASSOCIATED AS PER OUR DATABASE TO
|
COMPANY |
TITLE |
TAX REG |
COUNTRY |
|
DITEC SAC |
Shareholder |
20101398642 |
PERU |
|
REVILLA VERGARA,
ADRIAN FRANCISCO |
|
|
TITLE |
Director |
|
NATIONALITY |
Peruvian |
|
D.O.B. |
02APR1955 |
|
ID |
DNI 08220971 |
|
CIVIL STATUS |
Married |
|
DOMICILE |
Trinidad 210 Dto. 2B, Chacarilla, San
Borja, Lima |
|
PROFESSION |
Lawyer |
|
TAX ID |
10082209714 |
|
BACKGROUND INFORMATION |
His tax ID is valid and was issued on 30/04/1993 to be engaged as Individual without business to legal activities. |
|
VARGAS ASCENZO,
MIGUEL |
|
|
TITLE |
Admin. & Finance Manager |
|
NATIONALITY |
Peruvian |
|
D.O.B. |
28NOV1969 |
|
ID |
DNI 09445023 |
|
DOMICILE |
Nicolás de Piérola 530, Cercado, Lima |
|
TAX ID |
10094450239 |
|
BACKGROUND INFORMATION |
His tax ID is valid and was issued on 25/103/1997 to be engaged in business advising activities. |
|
CORAL CHAVEZ,
ANGELA CELESTE |
|
|
TITLE |
General Accountant |
|
NATIONALITY |
Peruvian |
|
D.O.B. |
01NOV1964 |
|
ID |
DNI 08048171 |
|
DOMICILE |
Calle 24 No. 241, Dto.202, Urb. Córpac,
San Isidro, Lima |
|
PROFESSION |
Public Accountant |
|
TAX ID |
10080481719 |
|
BACKGROUND INFORMATION |
In addition to her position of Accountant in COMERCIAL INDUSTRIAL DELTA S.A. CIDELSA, she is also a Legal Representative. |
Subject is part of the CIDELSA Group, which includes the following
companies among others:
|
COMPANY NAME |
COUNTRY |
TAX REG. |
RELATION % |
|
ARI PERU SAC |
PERU |
20469841457 |
Related |
|
CIDELSA SELVA S.A. |
PERU |
20134980754 |
Related |
|
DITEC SAC |
PERU |
20101398642 |
Related |
|
SEDIC S.A.-SUCURSAL PERU |
PERU |
20433749074 |
Related |
SIC Classification
L - INDUSTRIA MANUFACTURERA - CONFECCIONES (Industria manufacturera diversa de
productos y artículos de consumo y utilitarios, vestidos, camisas,
confecciones)
|
Main activity |
Subject is engaged in manufacture of light structures, swimming pool tensile coverings and structured warehouses, commercial, industrial and multi-purpose awnings, as well as tents, blankets, flexible tanks, safety clothing, advertising panels, inflatable silos, etc. At the same time, it installs PVC and HDPE waterproof geomembranes for leaching processes of minerals, pipes, agrotextiles & geotextiles |
|
OPERATIONS |
|||||||||||||||
|
Import |
Yes |
||||||||||||||
|
Country |
Belgium, Brazil, Canada, Chile, China,
Colombia, France, Germany, India, Japan, Italy, Korea, Spain, Mexico, Sri
Lanka, USA, Vietnam |
||||||||||||||
|
ANNUAL Imports In US$ (CIF) |
|
||||||||||||||
|
Export |
Yes |
||||||||||||||
|
COUNTRY |
Argentina, Chile, Colombia, Ecuador |
||||||||||||||
|
Annual exports in US$ (FOB) |
|
||||||||||||||
|
% CASH SALES / METHOD |
50% |
||||||||||||||
|
% Credit SALES / Terms |
50% (30-day terms) |
||||||||||||||
|
% DOMESTIC PURCHASES |
20% |
% FOREIGN PURCHASES |
80% |
||||||||||||
|
SELLING TerritorY |
Domestic and foreign market |
||||||||||||||
|
EMPLOYEES |
333 |
||||||||||||||
|
LOCATION |
|
|
PREMISES |
Own Settled |
|
AREA |
4,721 m2 |
|
OTHER PREMISES |
Subject's registered office, production plant, administrative offices are located on the above-mentioned address.Commercial Establishment: Calle Venecia 147, Chacarilla del Estanque, San Borja, Lima 41.Warehouses:- S/N Caserío Vijus (Caserio Vijus Margen Izquierda Rio Marañ), Pataz, La Libertad.- Av. Los Eucaliptos Mz.D, Loe 14, Urb. Santa Genoveva, Lurín - Lima.Production Plant: Calle Los Flamencos Mz.F, Lote 5 y 6, Urb. Huertos, Santa Genoveva, Lurin - Lima. |
|
PREVIOUS ADDRESS |
|
|
Calle Juan L. Miller 249, Urb. Industrial
La Chalaca, Callao. |
|
Comments |
|
Subject sells nationwide at 70% in Lima, and at 30% in Arequipa, Cajarmarca, Cuzco, Iquitos, Piura, Tacna.Subject's imports are paid by wire transfers, on credit at 90-day terms, and/or by letters of credit at 90-day terms less often.Its local sales are carried out through salespersons and in provinces through travelling salespersons.Some of its main customers are:- UNION DE CERVECERIAS PERUANAS BACKUS & JOHNSTON S.A.- CIA. MINERA ANTAMINA S.A.- MINERA BARRICK MISQUICHILCA S.A.- SOCIEDAD MINERA CERRO VERDE S.A.- CENTROMIN PERU S.A.- CIA. MINERA MILPO S.A.- MINERA YANACOCHA S.R.L.- GRAÑA Y MONTERO S.A.- COSAPI S.A., among others |
|
|
Disposition |
REPORT PREPARED FROM OUTSIDE SOURCES. |
|
Interviewee(s) |
Third-party sources |
|
Information provided |
This report was completely developed with information that was collected from third parties because although various arrangements were made, we could not arrange an interview with subject's executives. A formal request letter was submitted, but no answers were received.We tried to contact Mrs. Angela Coral (Finance Manager), but unsuccessfully.Although a thorough investigation was made, we were not able to obtain any updated balance sheets or figures to determine subject's current situation.From previous investigations, there are available those figures from the Annual Balance Sheet as of 31/12/2010 (12 months), which are expressed in Nuevos Soles and detailed below as references. Also, there is available the estimated turnover to 31/12/2011, which is expressed in the same currency. |
|
Balance Sheet Date |
31DEC2010 |
|
Type of balance sheet |
Annual |
|
Period |
12
months |
|
Currency |
Nuevos
Soles |
|
Exchange Rate per US$ |
2.8 |
|
A
S S E T S |
|
|
Current Assets |
46,295,820.00 |
|
Fixed |
12,027,461.00 |
|
Total Assets |
58,323,281.00 |
|
L
I A B I L I T I E S |
|
|
Current liabilities |
35,247,902.00 |
|
Long term |
622,548.00 |
|
S
H A R E H O L D E R S' E Q U I T Y |
|
|
Total shareholders equity |
22,452,831.00 |
|
Total liab. / Sh. equity |
58,323,281.00 |
|
Sales |
76,307,153.00 |
|
Profit (Loss) |
5,885,636.00 |
|
RATIO |
|
|
|
Liquidity ratio |
1.31 |
(Current assets / Current liabilities) |
|
Debt-to-equity ratio |
63.70
% |
(Shareholders' equity / Current
liabilities %) |
|
Profitability ratio |
7.71
% |
(Profits / Sales %) |
|
Working capital |
11,047,918.00 |
(Current assets - Current liabilities) |
|
SALES |
US$ 0.00 () |
|
FINANCIAL SITUATION |
FAIRFinancial statements are not available to properly analyze subject's results for the last fiscal year; however, based on available information, it may be said that CIDELSA is a privately-held Peruvian company that has operated since 1967, and since then engaged in manufacture of light structures, swimming pool tensile coverings and warehouses, among others. It has 333 workers, so it is considered a big-sized company.Although no figures are available to give a better opinion, it should be emphasized that recent references given by its suppliers disclose some contradictions, since one of them reported delayed payments, while the others said that subject pays appropriately.Meanwhile, its credit experience with entities in the financial sector is rated as Normal, in accordance with the report of the Superintendency of Banking and Insurances. |
Sales History in US$ (of Balance Sheet,
statement of third parties)
|
Date |
Sales
(US$) |
|
31/12/2011 |
35,925,925.93 |
|
31/12/2010 |
27,252,554.64 |
Property of company comments
Subject is referred to own the following assets:- Property located on Av. Pedro Miota 910, San Juan de Miraflores- Property located on Calle Juan L. Miller 249, Urb. Industrial La Chalaca/Callao.- (02) HDPE SERROT sealing machines- (01) Extruder and 1 WEDGE COLUMBI- (01) Bag sewing machine- (01) CAMBELL/EDIPESA compressor- (01) HILTI FIXA TE-5 drill- (03) 486, CALMET DATA computers- (01) Impresora EPSON LX-300/FX-1170- (01) NISSAN double-cabin white vanamong other tools.
INSURANCE
|
COMPANY |
AGAINST |
AMOUNT |
EXPIRATION |
|
RIMAC INTERNACIONAL CIA. DE SEG.Y REASEG |
All risk |
Not
specified |
Yearly |
(Confidential
Information)
TRADE REFERENCES
|
Supplier: MEXICHEM PERÚ S.A. |
Tel.: (511) 6276038 |
Country: PERU |
|
Goods/Services?
: Geotextiles |
|
|
|
Highest credit?
: Open |
|
|
|
Client since? : 2008 |
Terms? : 45-60 days |
Performance? : Prompt |
|
Comments : Excellent
customer |
||
|
Supplier: TUBOS Y PERFILES METÁLICOS S.A. |
Tel.: (511) 637000 |
Country: PERU |
|
Goods/Services?
: Rolled pipes |
|
|
|
Highest credit?
: Not specified |
|
|
|
Client since? : 2008 |
Terms? : 45 days |
Performance? : Sometimes
delayed |
|
Comments : Last purchase in
2012. Subject delayed a little, but paid all. |
||
|
Supplier: JAIME RAMIREZ MC CUBBIN S.C.R.LTDA. |
Tel.: (511) 6377830 |
Country: PERU |
|
Goods/Services?
: Customs service |
|
|
|
Highest credit?
: Not specified |
|
|
|
Client since? : Sv.years |
Terms? : 30 days |
Performance? : Prompt |
Note : Other suppliers did not provide information or could not be
consulted
|
Supplier |
Country |
|
IMAGEX COLOR SAC |
PERU |
|
JORVEX & CIA S.A. |
PERU |
|
TUBERÍAS Y GEOSISTEMAS DEL PERÚ S.A. |
PERU |
|
TINTAS FLUÍDAS Y BÁRNICES |
PERU |
|
VIPLASTIC PERÚ SA |
PERU |
|
TECNOLOGÍA DE MATERIALES S.A. |
PERU |
|
CIMER S.R.L. |
PERU |
|
SAMSUNG SA |
BRAZIL |
|
PAUCO S.A. |
COLOMBIA |
|
WEATHERHAVEN TM |
CANADA |
|
GSE LINING TECHNOLOGY CHILE S.A. |
CHILE |
|
FILMTEX S.A. |
COLOMBIA |
|
PAUCO S.A. |
COLOMBIA |
|
NCC CIA. LTDA. |
SOUTH COREA |
|
KOREA INTERNATIONAL |
SOUTH COREA |
|
C AND C CORPORATION |
SOUTH COREA |
|
NOVA CORPORATION |
SOUTH COREA |
|
SOLMAX |
CANADA |
|
HISSAGE ET ENDUCION SERGE FERRARI S.A. |
FRANCE |
|
REFLECTIX INC. |
U.S.A. |
|
SEAMAN CORPORATION |
U.S.A. |
|
AC INTERNATIONAL INC. |
U.S.A. |
CREDIT BUREAU
COMMENTS
To the date of this report, it was not found any on protested documents, cancelled accounts, or lawsuits against subject. It was not also found any debts under coercive collection or omission in payment of its contributions to the state.
|
SUPERINTENDENCY
OF BANK & INSURANCE (SBS) |
|
||||||||||||||||||||||||||||||||||||||||
|
Debt structure for bank. SBS Latest
Consolidated Credit Report as of : 28/02/2014 |
|
||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||
|
CONSOLIDATED DEBT (ALL
BANKS) ENTITIES
NUMBER : 5 30/11/2012 |
|
||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.38 |
|
UK Pound |
1 |
Rs.101.63 |
|
Euro |
1 |
Rs.83.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MNL |
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.