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Report Date : |
27.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
BUSINESS PEOPLE UNLIMITED & CIA S.C.A. |
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|
|
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Registered Office : |
Autopista Medellin Km 1.5, Via Siberia, Costado Sur Parque
Industrial La |
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Country : |
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|
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
14.02.1995 |
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Com. Reg. No.: |
632166 |
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|
|
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Legal Form : |
Limited Joint-Stock Company |
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|
|
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Line of Business : |
Subject is engaged in the importation and distribution of
glassworks, cutlery, crockery and cooking utensils. |
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|
|
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No. of Employees |
24 |
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 |
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Payment Behaviour : |
No complaints |
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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.
COLOMBIA ECONOMIC OVERVIEW
Colombia's consistently sound economic policies and aggressive promotion of free trade agreements in recent years have bolstered its ability to weather external shocks. Real GDP has grown more than 4% per year for the past three years, continuing almost a decade of strong economic performance. All three major ratings agencies have upgraded Colombia's government debt to investment grade. Nevertheless, Colombia depends heavily on energy and mining exports, making it vulnerable to a drop in commodity prices. Colombia is the world's fourth largest coal exporter and Latin America’s fourth largest oil producer. Economic development is stymied by inadequate infrastructure and an uncertain security situation. Moreover, the unemployment rate of 9.7% in 2013 is still one of Latin America's highest. The SANTOS Administration's foreign policy has focused on bolstering Colombia's commercial ties and boosting investment at home. Colombia has signed or is negotiating Free Trade Agreements (FTA) with more than a dozen countries; the US-Colombia FTA went into force on May 2012. Colombia is also a founding member of the Pacific Alliance - a regional grouping formed in 2012 by Chile, Colombia, Mexico, and Peru to promote regional trade and economic integration. In 2013, Colombia began its ascension process to the OECD. The annual level of foreign direct investment - notably in the oil and gas sectors - reached a record high of $16.8 billion in 2013, an increase of 7% over 2012. Inequality, poverty, and narcotrafficking remain significant challenges, and Colombia's infrastructure requires major improvements to sustain economic expansion
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Source
: CIA |
|
IDENTIFICATION |
|
|
COMPANY NAME |
BUSINESS PEOPLE
UNLIMITED & CIA S.C.A. |
|
TRADE NAME |
BPU |
|
TAX ID TYPE |
NIT |
|
TAX ID NUMBER |
830000844-0 |
|
CURRENT STATUS |
Active |
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MAIN ADDRESS |
Autopista Medellin Km 1.5, Via Siberia, Costado Sur Parque Industrial La Florida, Bodega 22 |
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CITY/PROVINCE/STATE |
Bogota |
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PHONE NUMBER(S) |
(57-1) 896.6092 |
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FAX NUMBER |
(57-1) 896.6092 |
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|
natalia.jaimes@bpu.com.co |
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WEB SITE |
www.bpu.com.co |
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|
contabilidad@bpu.com.co |
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COMMENTS OF IDENTIFICATION.- |
The report was ordered with address: Calle 109 No. 15-17 Local 2, Bogota. Please be noticed that it belongs to the subject's former address; the current one is as shown in caption. |
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BOARD OF DIRECTORS-EXECUTIVES-SHAREHOLDERS |
||
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NAME |
JOB TITLE |
% STAKE |
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ARISTIZABAL SALAZAR, HERNANDO DE JESUS |
General Manager/Legal Rep. |
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|
JARAMILLO DE ARISTIZABAL, MAISSIE |
Commercial Manager |
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ARISTIZABAL JARAMILLO, MARKOS |
Marketing Manager |
|
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DIAZ, MARTIN |
Tax Inspector |
|
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JAIMES SOTELO, JENNY NATALIA |
Accountant |
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WHO IS WHO? |
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ARISTIZABAL SALAZAR, HERNANDO DE JESUS |
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ID, 017132740, . |
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JARAMILLO DE ARISTIZABAL, MAISSIE |
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ID, 041397259, . |
No negative information found.
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PAID-UP CAPITAL |
Ps$1,000,000,000.00 Pesos |
|
LAST CAPITAL INCREASE |
31/12/2013 |
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NET WORTH |
Ps$1,832,493,000.00 Pesos (as of 31/12/2013) |
PAYMENT INFORMATION
|
PAYMENT HISTORY |
EP. E: WITHOUT CREDIT EXPERIENCE |
|
% CASH SALES/PAYMENT METHOD |
50% |
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% CREDIT SALES/TERMS |
50% (Terms at 30-60 days) |
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TERRITORY OF SALES |
99% (Local market) |
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% FOREIGN SALES |
1% |
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% FOREIGN PURCHASING |
100% |
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IMPORTS |
|
|
YEAR |
2013 |
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AMOUNT |
US$ 752,524.71 |
|
|
|
|
YEAR |
2012 |
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AMOUNT |
US$ 544,493.78 |
|
|
|
|
YEAR |
2011 |
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AMOUNT |
US$ 429,386.05 |
|
|
|
|
YEAR |
2010 |
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AMOUNT |
US$ 406,861.84 |
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EXPORTS |
|
|
YEAR |
2014 (January - July) |
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AMOUNT |
US$ 1,759.00 |
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|
|
|
YEAR |
2013 |
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AMOUNT |
US$ 16,369.74 |
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|
|
|
YEAR |
2012 |
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AMOUNT |
US$ 5,490.78 |
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|
|
|
YEAR |
2011 |
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AMOUNT |
US$ 8,716.40 |
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FOREIGN SUPPLIERS |
|||
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Name |
Contact |
Telephone/fax |
Country |
|
CLIPPER MILL |
|
|
U.S.A. |
|
FRONT OF THE HOUSE |
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|
U.S.A. |
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CRISA LIBBEY COMERCIAL S DE RL DE CV |
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MEXICO |
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LIBBEY GLASS INC |
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U.S.A. |
N/a
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FINANCIAL INFORMATION |
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CONTENT.- |
|
During this investigation, we interviewed Miss Natalia Jaimes (Accountant) who provided us with commercial information on the subject including the Balance Sheet as of 31/12/2013 and 31/12/2012 (12 months, each one), expressed in Pesos, as follow: |
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GENERAL BALANCE
SHEET |
|||
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Balance Date |
31/12/2013 |
31/12/2012 |
|
|
Currency |
Peso |
Peso |
|
|
Exchange Rate |
1,927.50 |
1,774.50 |
|
|
.Current Total |
3,175,461,000.00 |
2,548,576,000.00 |
24.60 |
|
.Net Fixed |
3,331,563,000.00 |
1,203,397,000.00 |
176.85 |
|
.Total Assets |
6,507,024,000.00 |
3,751,973,000.00 |
73.43 |
|
.Total Current Liabilities |
2,784,262,000.00 |
2,331,781,000.00 |
19.40 |
|
.Long Term Accounts |
1,890,269,000.00 |
|
|
|
Total Liabilities |
4,674,531,000.00 |
2,331,781,000.00 |
100.47 |
|
Total Equity |
1,832,493,000.00 |
1,420,192,000.00 |
29.03 |
|
Total Liabilities and Equity |
6,507,024,000.00 |
3,751,973,000.00 |
73.43 |
|
PROFIT AND LOSS
ACCOUNT |
|||
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Balance Date |
31/12/2013 |
31/12/2012 |
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Currency |
Peso |
Peso |
|
|
Exchange Rate |
1,927.50 |
1,774.50 |
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Net Sales |
5,216,357,000.00 |
4,766,738,000.00 |
9.43 |
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Net Income(Net Loss) |
675,546,000.00 |
600,119,000.00 |
12.57 |
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RATIOS FINANCIAL |
|||
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PERIOD |
2,013.00 |
2,012.00 |
0.00 |
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.NET WORKING CAPITAL |
391,199,000.00 |
216,795,000.00 |
0.80 |
|
.LIQUIDITY RATIO |
1.14 |
1.09 |
0.05 |
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.CONTENTS OF THE ACID TEST |
0.00 |
0.00 |
|
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.INDEBTEDNESS |
1.39 |
1.61 |
-0.14 |
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.LIABILITIES, CAPITAL |
0.00 |
0.00 |
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.TOTAL ASSET TURNOVER |
0.80 |
1.27 |
-0.37 |
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.RETURN ON EQUITY |
0.00 |
0.00 |
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.NET RETURN ON SALES |
0.00 |
0.00 |
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FINANCIAL COMMENTS.- |
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COUNTRY CONTEXT - COLOMBIA: The below Country comments were obtained from a highly regarded public source that issues economic comments on all of World's countries. Taxes: Colombian income tax: 38.5% on the net profit-business:. Tax agreements with the Andean Community and Spain which allow residents in this countries to have a special tax treatment. Alphabetic currency code for every country, established by the International Organization for Standardization (ISO) 4217: Colombian Peso (COP) Main economic indicators: External debt: US$85.83 billion (31 December 2013 est.) International reserves: US$43.74 billion (31 December 2013 est.) Inflation rate : 2.2% (2013 est.) GDP growth rate: 4.2% (2013 est.) Annual GDP per capita: US$11,100 (2013 est.) GDP - composition, by sector of origin: agriculture: 6.6% industry: 37.8% services: 55.6% (2013 est.) ? Labour force of 23.08 million people (2013 est.) divided by: agriculture: 17% industry: 21% services: 62% Unemployment rate: 9.7% (2013 est.) Productive sectors: Agriculture - products: coffee, cut flowers, bananas, rice, tobacco, corn, sugarcane, cocoa beans, oilseed, vegetables; shrimp; forest products Industries: textiles, food processing, oil, clothing and footwear, beverages, chemicals, cement; gold, coal, emeralds Foreign trade: Exports: $58.7 billion (2013 est.) country comparison to the world: 56 $59.85 billion (2012 est.) Exports - commodities: petroleum, coal, emeralds, coffee, nickel, cut flowers, bananas, apparel Exports - partners: US 36.6%, China 5.5%, Spain 4.8%, Panama 4.7%, Venezuela 4.4%, Netherlands 4.1% Imports: $53.5 billion (2013 est.) country comparison to the world: 54 $54.64 billion (2012 est.) Imports - commodities: industrial equipment, transportation equipment, consumer goods, chemicals, paper products, fuels, electricity Imports - partners: US 24.2%, China 16.3%, Mexico 10.9%, Brazil 4.8% Country risks: Commercial Country Risk: MEDIUM Political Country Risk: LOW |
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INSURANCE.- |
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No insurance data reported. |
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CREDIT FILES |
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Possible local consulted suppliers do not provide trade references on clients per company policies. |
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RATE OF EXCHANGE |
US$1.00 = Ps$1,918.5, as of report date |
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LEGAL ASPECTS |
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LEGAL STATUS |
Limited Joint-Stock Company |
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INCORPORATION DATE |
14/02/1995 |
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REGISTERED IN |
Bogota |
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DURATION |
23/06/2054 |
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REGISTRATION |
Commercial Registration No.632166 |
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LISTED AT STOCK EXCHANGE |
NO |
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COMMENTS ON LEGAL
ASPECTS .- |
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The subject's Check Digit (DV) number is: 0 The DV number is a digit added to the Tax Id. (NIT), a key number to be used in the detection of errors and its possible correction, granted by the Superintendency of Companies. As an advertising method, the subject announes, uploadas and answers technical questions related to the products that it trades, in the sites: - https://www.facebook.com/businesspeopleunlimited/timeline - https://twitter.com/bpucolombia |
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OPERATIONS |
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SECTOR |
3.-TRADE ( WHOLESALE AND RETAIL) |
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ACTIVITY |
DIVERSE PRODUCTS |
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ISIC CATEGORY |
G-WHOLESALE AND/OR RETAIL |
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MAIN ACTIVITY |
Subject is engaged in the importation and distribution of glassworks, cutlery, crockery and cooking utensils. |
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N. OF EMPLOYEES |
24 |
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LOCATION |
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ADMINISTRATIVE OFFICES and WAREHOUSE: Located at the address
shown in caption, in a commercial zone of the city with easy access routes.
Rented large premise kept in good repair. Former address: Calle 109 No.15-17,
Local 2, |
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COMMENTS OF
OPERATIONS.- |
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Currently, the subject attends more than 1,300 establishments within the country, such as: fast foods, casual food restaurant chains, premium restaurants, hotels, 5 star hotels, bars, clinics, casinos, cafeterias and the most prestigious clubs of the country, providing a wide range of products, such as: silverware, cutlery, glassware, table accessories, knives for beef, bar utensils, trays, recipients, etc. Imports come from USA, Mexico, Belgium, Turkey, Germany, Thailand, China, and Sri Lanka. Exports go to Ecuador and Panama. |
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BANKERS / REFERENCE |
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Bank Name |
Account Number |
Account Officer |
Telephone |
Country |
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BANCO DAVIVIENDA SA |
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COLOMBIA |
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BANCOLOMBIA SA |
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COLOMBIA |
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BANCO DE CREDITO SA |
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COLOMBIA |
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BANK COMENTS |
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The above banks do not furnish information about clients by preserving confidentiality of bank-client information. |
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COMMENT: The subject is a long-standing commercial company in market, which conducts operations satisfactorily. Besides, it registers a solid client portfolio and no detrimental were found. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.50 |
|
|
1 |
Rs.100.33 |
|
Euro |
1 |
Rs.79.91 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.