MIRA
INFORM REPORT
|
Report Date : |
01.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
VALDEQUIMICA
PRODUTOS QUÍMICOS LTDA |
|
|
|
|
Registered Office : |
Rua Dos Três Irmãos, 212 / 218 - |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
24.07.1972 |
|
|
|
|
Legal Form : |
Limited
Liability Company |
|
|
|
|
Line of Business : |
wholesaler and importer
of chemical and pharmaceutical products, with its core products being
vitamins and antibiotics. |
|
|
|
|
No of Employees : |
53 |
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 : |
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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Brazil |
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 |
brazil ECONOMIC OVERVIEW
Characterized by large and
well-developed agricultural, mining, manufacturing, and service sectors, and a
rapidly expanding middle class, 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 in 2011-13. 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.
|
Source : CIA |
Company name
VALDEQUIMICA
PRODUTOS QUÍMICOS LTDA
company ADDRESSES
|
MAIN ADDRESS: |
RUA DOS TRÊS IRMÃOS, 212 / 218 - VILA PROGREDIOR |
|
ZIP CODE/CITY: |
05615-190 - SÃO PAULO/SP |
|
|
|
|
PHONE: |
11 3721-6407 |
|
FAX: |
11 3721-6407 |
|
E-MAIL: |
|
|
WEB SITE: |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
AVENIDA PROFESSOR FRANCISCO MORATO,1815 (ESQUINA C/RUA JOÃO SCACIOTI,
55) - BUTANTÃ |
|
ZIP CODE/CITY: |
05513-200 SÃO PAULO/SP |
|
PHONE: |
3726-5109 |
|
CNPJ: |
43.365.816/0002-02 |
|
STATE REGISTER: |
116.232.013.110 |
|
|
|
|
ADDRESS: |
AVENIDA CÉSAR SIMÕES,361 E 371 - JARDIM HENRIQUETA |
|
ZIP CODE/CITY: |
06764-480 TABOÃO DA SERRA/SP |
|
CNPJ: |
43.365.816/0003-93 |
|
STATE REGISTER: |
675.188.572.113 |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
WHOLESALE AND IMPORT OF CHEMICAL AND PHARMACEUTICAL PRODUCTS, WITH ITS
CORE PRODUCTS BEING VITAMINES AND ANTIBIOTICS. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
24/07/1972 |
|
REGISTER DATE: |
16/08/1972 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
43.365.816/0001-21 |
|
STATE REGISTER: |
108.802.143.113 |
|
|
|
|
SHARE CAPITAL: |
R$ 5.000.000,00 |
|
LAST REGISTER OF CAPITAL: |
30/11/2012 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
ALBANO JOSÉ PEREIRA DOS SANTOS |
MANAGING PARTNER |
|
PAULO APARECIDO PEREZ MARTINS |
MANAGING PARTNER |
AUTHORIZED USE OF SIGNATURE
|
THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
ALBANO JOSÉ PEREIRA DOS SANTOS |
50% |
|
PAULO APARECIDO PEREZ MARTINS |
50% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR PARTNERS
HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
TPLPM EMPREENDIMENTOS E PARTICIPAÇÕES LTDA |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED IN 1972 TO BE ENGAGED IN THE SAID LINE OF
BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE
REPORTED HEREIN. TRADE NAME: "VALDEQUIMICA". PARTNERS: ALBANO JOSÉ PEREIRA DOS SANTOS: PORTUGUESE, MARRIED, TRADER, HOLDER OF
DOCUMENTS RNE # W 700.522-Z - SE/DPMAF, CPF # 295.794.908-30, RESIDENTIAL
ADDRESS AT RUA DR. ORLANDO ZAMITI MAMMANA, 33, APTO. 41, CHÁCARA DO ENCOSTO,
ZIP CODE 02417-022, SÃO PAULO/SP; PAULO APARECIDO PEREZ MARTINS: BRAZILIAN, MARRIED, TRADER, HOLDER OF
DOCUMENTS RG # 6.353.323-SSP-SP, CPF # 515.987.448-87, RESIDENTIAL ADDRESS AT
RUA SÃO VICENTE DE PAULA, 606, APTO. 111, SANTA CECÍLIA, ZIP CODE 01229-010,
SÃO PAULO/SP. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 31/12/2013, 31/12/2012 AND 31/12/2011. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
CASH |
529,13 |
10.763,61 |
7.151,39 |
|
BANKS |
99.700,23 |
161.898,02 |
441.748,81 |
|
INVESTMENTS |
43.662,62 |
39.834,79 |
23.683,57 |
|
CLIENTS |
5.534.657,73 |
4.910.702,80 |
4.127.820,39 |
|
INVENTORY |
8.852.023,49 |
10.746.056,18 |
8.962.664,58 |
|
RECOVERABLE TAXES |
|
209.990,01 |
257.795,37 |
|
ADVANCES |
465.992,42 |
243.375,03 |
442.353,86 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
14.996.565,62 |
16.322.620,44 |
14.263.217,97 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
3.386,21 |
3.386,21 |
3.386,21 |
|
FIXED ASSETS |
2.338.248,73 |
1.556.519,30 |
1.353.327,20 |
|
DEPRECIATIONS |
-27.233,49 |
-34.015,49 |
-34.015,49 |
|
INTANGIBLE |
6.611,95 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
2.321.013,40 |
1.525.890,02 |
1.322.697,92 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
17.317.579,02 |
17.848.510,46 |
15.585.915,89 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
SUPPLIERS |
659.383,04 |
1.136.164,51 |
674.082,58 |
|
LOANS AND FINANCING |
2.378.018,42 |
4.086.957,24 |
4.733.211,42 |
|
IMPORTS PAYABLE |
6.232.350,88 |
5.090.239,00 |
3.213.162,23 |
|
SALARIES PAYABLE |
79.724,90 |
70.261,12 |
52.954,47 |
|
SOCIAL OBLIGATIONS |
60.927,61 |
106.987,34 |
52.099,55 |
|
TRIBUTARY OBLIGATIONS |
408.495,36 |
31.941,67 |
345.774,39 |
|
ACCOUNTS PAYABLE |
64.380,58 |
80.478,16 |
51.016,32 |
|
ADVANCE FROM CLIENTS |
|
316.030,06 |
|
|
MUTUAL CONTRACT |
110.000,00 |
110.000,00 |
110.000,00 |
|
OTHER |
|
3.734,95 |
78.132,75 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
9.993.280,79 |
11.032.794,05 |
9.310.433,71 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
5.000.000,00 |
5.000.000,00 |
2.500.000,00 |
|
ACCRUED PROFIT (LOSS) |
2.324.298,23 |
1.815.716,41 |
3.775.482,18 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
7.324.298,23 |
6.815.716,41 |
6.275.482,18 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
17.317.579,02 |
17.848.510,46 |
15.585.915,89 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2013, 31/12/2012 AND 31/12/2011. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
GROSS SALES |
59.365.713,14 |
47.279.508,04 |
38.736.680,10 |
|
(-) TAXES ON SALES |
10.162.337,35 |
8.493.647,45 |
7.034.802,75 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
49.203.375,79 |
38.785.860,59 |
31.701.877,35 |
|
(-) COST OF SOLD GOODS |
33.910.276,35 |
26.368.085,83 |
18.768.092,79 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
15.293.099,44 |
12.417.774,76 |
12.933.784,56 |
|
OPERATING REVENUE (EXPENSE) |
-10.781.556,27 |
-8.319.991,89 |
-7.767.771,66 |
|
FINANCIAL REVENUE(EXPENSE) |
-1.578.324,57 |
-1.742.766,59 |
-1.124.109,23 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
2.933.218,60 |
2.355.016,28 |
4.041.903,67 |
|
CONTRIBUTION/INCOME TAX |
-973.294,30 |
-782.216,99 |
-1.350.247,24 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
1.959.924,30 |
1.572.799,29 |
2.691.656,43 |
|
RATIOS: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
QUICK RATIO |
,61 |
|
,51 |
|
,57 |
|
|
CURRENT RATIO |
1,50 |
|
1,48 |
|
1,53 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
8,89 |
TIMES |
7,90 |
TIMES |
7,68 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
40,49 |
DAYS |
45,58 |
DAYS |
46,87 |
DAYS |
|
INVENTORY TURNOVER |
3,83 |
TIMES |
2,45 |
TIMES |
2,09 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
7,00 |
DAYS |
15,51 |
DAYS |
12,93 |
DAYS |
|
RETURN ON ASSETS |
2,84 |
TIMES |
2,17 |
TIMES |
2,03 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
6,72 |
TIMES |
5,69 |
TIMES |
5,05 |
TIMES |
|
NET WORTH TIE-UP |
,32 |
|
,23 |
|
,22 |
|
|
INDEBTEDNESS |
1,36 |
|
1,62 |
|
1,48 |
|
|
EQUITY RATIO |
42,29 |
% |
38,19 |
% |
40,26 |
% |
|
WORKING CAPITAL RATIO |
50,07 |
% |
47,95 |
% |
53,20 |
% |
|
GENERAL SOLVENCY |
1,73 |
|
1,62 |
|
1,67 |
|
|
RETURN ON NET EQUITY |
26,76 |
% |
23,08 |
% |
42,89 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
3,98 |
% |
4,06 |
% |
8,49 |
% |
|
GROSS PROFIT MARGIN |
31,08 |
% |
32,02 |
% |
40,80 |
% |
|
OPERATIONAL RESULT |
5,96 |
% |
6,07 |
% |
12,75 |
% |
|
SALES TURNOVER ON LIABILITIES |
4,92 |
TIMES |
3,52 |
TIMES |
3,41 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,22 |
- OFFICIAL RATE ON 29/07/2014 |
|
US$ 1,00 = R$ 2,34 |
- OFFICIAL RATE
ON 31/12/2013 |
|
US$ 1,00 = R$ 2,04 |
- OFFICIAL RATE ON 31/12/2012 |
|
US$ 1,00 = R$ 1,87 |
- OFFICIAL RATE ON 31/12/2011 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS THE ANNUAL FIGURES AVAILABLE SHOW A FAIR FINANCIAL STANDING. THE LEVEL
OF INDEBTEDNESS IS HIGH BUT IT IS NOTED GOOD CURRENT RATIO AND POSITIVE
WORKING CAPITAL, CONSIDERED SUFFICIENT TO COVER THE SHORT TERM DEBTS. IN
ADDITION IT SHOWS GROWING SALES AND PROFITABILITY. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 100.000,00
THE PARTNERS OWN REAL ESTATE VALUED AT R$ 925.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 226.208,32
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 32.114,00
INSURANCE
|
INSURANCE COMPANY: |
CGV CIA. |
|
COVERAGE: |
SEVERAL CORPORATE RISKS |
|
VALUE: |
R$ 1.368.000,00 |
|
|
|
|
INSURANCE COMPANY: |
BRADESCO/MARITIMA |
|
COVERAGE: |
VEHICLES |
|
VALUE: |
R$ 10.000,00 |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO BRADESCO S/A |
11 3721-5233 |
SÃO PAULO/SP |
|
BANCO DO BRASIL S/A |
11 6845-8360 |
SÃO PAULO/SP |
|
BANCO ITAU S/A |
11 6950-1438 |
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
|
THE SUBJECT IS ENGAGED IN THE WHOLESALE AND IMPORT OF CHEMICAL AND
PHARMACEUTICAL PRODUCTS, WITH ITS CORE PRODUCTS BEING VITAMINS AND
ANTIBIOTICS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
MEXICO, ARGENTINA, URUGUAY, ENGLAND, ITALY, SWITZERLAND, KOREA,
ISRAEL, NORWAY, CHINA, INDIA, JAPAN, UNITED STATES, SPAIN, GERMANY AND
DENMARK. |
EXPORTS TO:
|
DOES NOT EXPORT. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
PHONE: |
|
ACHE LABORATÓRIOS FARMACÊUTICOS S/A |
|
11 3961-6000 |
|
BELFAR LTDA |
|
31 3492-1100 |
|
CIFARMA CIENTIFICA FARMACÊUTICA LTDA |
|
31 3641-4100 |
|
EUROFARMA LABORATÓRIOS LTDA |
|
11 5090-8774 |
|
HEXAL DO BRASIL LTDA |
|
11 3276-6733 |
|
HIPOLABOR FARMACÊUTICA LTDA |
|
31 3691-1133 |
|
INSTITUTO TERAPÊUTICO DELTA LTDA |
|
11 3910-2311 |
|
KLEY HERTZ S/A |
|
51 3346-8488 |
|
LABORATÓRIO SINTOFARMA S/A |
|
11 7967-3100 |
|
LABORATÓRIO TEUTO BRASILEIRO LTDA |
|
62 3310-2005 |
|
LUPER INDÚSTRIA FARMACÊUTICA LTDA |
|
11 7844-1066 |
|
ROYTON QUÍMICA FARMACÊUTICA LTDA |
|
11 3820-9060 |
|
SANTA CASA DE MISERICÓRDIA DE BAURU |
|
14 3223-3977 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 53 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1972. IT
HAS TRADE RELATIONS WITH SEVERAL SUPPLIERS AND SO FAR NO PAYMENT PROBLEMS ARE
NOTED. THE COMPANY HAS TRADE RELATIONS WITH SOME LOCAL SUPPLIERS BUT UP TO
DATE ONLY SMALL PAYMENTS WERE REPORTED AND THE SUBJECT IS NOT SAID TO BE USER
OF TRADE CREDIT FACILITIES. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
AB FARMO QUIMICA LTDA |
|
11 5054-6999 |
|
BUSCHLE & LEPPER S/A |
|
41 3275-7577 |
|
DEGUSSA HULS LTDA |
|
11 3146-4143 |
|
DELQUÍMICA COMERCIAL LTDA |
|
11 6412-1040 |
|
DENVER-COTIA INDÚSTRIA E COMÉRCIO LTDA |
|
11 3048-8736 |
|
ESKISA S/A |
|
11 5536-0533 |
|
ISP DO BRASIL LTDA |
|
11 3034-4866 |
|
M. CASSAB COMÉRCIO E INDÚSTRIA LTDA |
|
11 5522-7788 |
|
QUIMIMAX QUÍMICA COMÉRCIO INDÚSTRIA LTDA |
|
19 3227-5971 |
|
REIZA KERN INDÚSTRIA E COMÉRCIO LTDA |
|
19 3225-5034 |
|
RP SCHERER DO BRASIL LTDA |
|
15 3235-3500 |
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
|
|
DR. RODDY S |
INDIA |
|
|
FERRO |
GERMANY |
|
|
PROCOS |
ITALY |
|
|
PAYMENT HISTORY: |
|
07 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 60.686,00 |
|
|
|
AMOUNT OF INVOICES PAID: 19 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 15.000,00 |
|
HIGHEST CREDIT: R$ 15.000,00 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. UP TO DATE IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOR. 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.60.25 |
|
UK Pound |
1 |
Rs.101.92 |
|
Euro |
1 |
Rs.80.70 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.