|
Report Date : |
19.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
PONTES INDÚSTRIA DE CERA LTDA |
|
|
|
|
Registered Office : |
Rua Irineu De Souza, 10 - |
|
|
|
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Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
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|
|
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Date of Incorporation : |
22.12.1986 |
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|
|
|
Legal Form : |
Limited liability company |
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|
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Line of Business : |
Engaged in the Extraction And Export of Carnauba Wax |
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No of Employees : |
Not Available |
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 : |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Brazil |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
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 |
PONTES INDÚSTRIA
DE CERA LTDA
|
MAIN ADDRESS: |
RUA IRINEU DE SOUZA, 10 - ALVARO WEYNE |
|
ZIP CODE/CITY: |
60337-180 - FORTALEZA/CE |
|
|
|
|
PHONE: |
85 3288-7100 |
|
FAX: |
85 3288-7101 |
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E-MAIL: |
lenapontes@pontes.ind.br |
|
WEB SITE: |
www.pontes.ind.br |
|
BRANCHES: |
|
NOT AVAILABLE. |
MAIN ACTIVITIES
EXTRACTION AND EXPORT OF NATURAL WAX.
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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|
|
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INCORPORATION DATE: |
22/12/1986 |
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REGISTER DATE: |
15/01/1987 |
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BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
11.741.022/0001-29 |
|
STATE REGISTER: |
06.029422-1 |
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|
|
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SHARE CAPITAL: |
R$ 4.500.000,00 |
|
LAST REGISTER OF CAPITAL: |
11/07/2008 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
LARA AZEVEDO PONTES |
MANAGING PARTNER |
|
LENA PONTES SANTOS |
MANAGING PARTNER |
|
LAIS AZEVEDO PONTES |
MANAGING PARTNER |
THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.
|
SHAREHOLDERS /
PARTNERS: |
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|
|
|
|
PONTES PARTICIPAÇÕES S/A |
R$ 4.379.943,00 |
|
LARA AZEVEDO PONTES |
R$ 40.019,00 |
|
LAIS AZEVEDO PONTES |
R$ 40.019,00 |
|
LENA PONTES SANTOS |
R$ 40.019,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR
DIRECTORS HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
|
|
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QUALIBRAS AQUICULTURA DO BRASIL LTDA |
|
|
PCI PONTES CONSTRUÇÃO E INCORPORAÇÃO LTDA |
|
|
PONTES INDÚSTRIA DE CERA DO PIAUÍ LTDA |
|
|
LLP PARTICIPAÇÕES LTDA |
|
THE SUBJECT WAS ESTABLISHED ON DECEMBER 22, 1986 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN.
THE COMPANY HAS THE ISO 9001 CERTIFICATION BY KOSHER AND HALAL.
PARTNERS:
PONTES PARTICIPAÇÕES S/A: HEADQUARTERED AT AVENIDA THEBERGE 1050,
FORTALEZA/CE, REGISTRATION # CNPJ 07.223.548/0001-40;
LARA AZEVEDO PONTES: BRAZILIAN, DIVORCED, HOLDER OF DOCUMENTS CPF 367.633.143-53
AND RG 91002191630 SSP/CE, RESIDENTIAL ADDRESS AT AVENIDA BEIRA MAR 3680, APTO
101, FORTALEZA/CE.
LENA PONTES SANTOS: BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS CPF
425.500.093-04 AND RG 8910002027028 SSP/CE, RESIDENTIAL ADDRESS AT AVENIDA PEREIRA
VALENTE 1194, APTO 1500, FORTALEZA/CE.
LAIS AZEVEDO PONTES: BRAZILIAN, SINGLE, HOLDER OF DOCUMENTS CPF
617.430.033-15 AND RG 95002158120 SSP/CE, RESIDENTIAL ADDRESS AT AVENIDA BEIRA
MAR 3678, APTO 400, FORTALEZA/CE.
FURTHER DETAILS ARE SO FAR NOT KNOWN.
WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. ODECIO, IMPORT
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:
NO DETRIMENTAL FILES WERE FOUND.
|
GENERAL BALANCE SHEETS AS OF 31/12/2010. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2010 |
|
|
|
|
|
|
|
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CASH AND CASH EQUIVALENTS |
2.059.884,24 |
|
|
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INVESTMENTS |
2.028.511,50 |
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|
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CLIENTS |
25.744,03 |
|
|
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DOUBTFUL DEBTORS |
-20.288,07 |
|
|
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INVENTORY |
5.423.238,90 |
|
|
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ADVANCE TO SUPPLIERS |
3.974.455,34 |
|
|
|
ACCOUNTS RECEIVABLE |
1.877.639,50 |
|
|
|
|
---------------- |
|
|
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TOTAL CURRENT ASSETS |
15.369.185,44 |
|
|
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LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
OTHER CREDITS |
2.828,00 |
|
|
|
|
---------------- |
|
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TOTAL LONG-TERM RECEIVABLES |
2.828,00 |
|
|
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FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
571.853,43 |
|
|
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DEFERRED |
175.386,90 |
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---------------- |
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TOTAL FIXED ASSETS |
747.240,33 |
|
|
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|
================ |
|
|
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TOTAL ASSETS |
16.119.253,77 |
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|
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LIABILITIES: |
|
|
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CURRENT: |
31/12/2010 |
|
|
|
|
|
|
|
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LOANS AND FINANCING |
877.735,43 |
|
|
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SUPPLIERS |
31.288,39 |
|
|
|
SOCIAL OBLIGATIONS |
40.144,41 |
|
|
|
TAX LIABILITIES |
121.154,61 |
|
|
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PROFIT SHARING |
10.486.770,93 |
|
|
|
|
---------------- |
|
|
|
TOTAL CURRENT LIABILITIES |
11.557.093,77 |
|
|
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
INTERCOMPANY DEBTS |
62.160,00 |
|
|
|
|
---------------- |
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TOTAL LONG TERM LIABILITIES |
62.160,00 |
|
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NET EQUITY: |
|
|
|
|
|
|
|
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SHARE CAPITAL |
4.500.000,00 |
|
|
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|
---------------- |
|
|
|
TOTAL NET EQUITY |
4.500.000,00 |
|
|
|
|
================ |
|
|
|
TOTAL LIABILITIES |
16.119.253,77 |
|
|
|
PROFIT AND LOSS
ACCOUNTS AS OF 31/12/2010. |
|
( FIGURES ARE IN
REAIS ). |
|
|
31/12/2010 |
|
|
|
|
|
|
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GROSS SALES |
20.162.068,50 |
|
|
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(-) TAXES ON SALES |
21.729,24 |
|
|
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|
---------------- |
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NET SALES |
20.140.339,26 |
|
|
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(-) COST OF SOLD GOODS |
15.165.907,93 |
|
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|
|
---------------- |
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GROSS PROFIT |
4.974.431,33 |
|
|
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OPERATING REVENUE (EXPENSE) |
-19.472,19 |
|
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FINANCIAL REVENUE(EXPENSE) |
291.161,08 |
|
|
|
|
---------------- |
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OPERATIONAL PROFIT (LOSS) |
5.246.120,22 |
|
|
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CONTRIBUTION/INCOME TAX |
-674.429,25 |
|
|
|
|
---------------- |
|
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NET PROFIT (LOSS) |
4.571.690,97 |
|
|
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RATIOS: |
31/12/2010 |
|
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QUICK RATIO |
,86 |
|
|
|
|
|
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CURRENT RATIO |
1,33 |
|
|
|
|
|
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ACCOUNTS RECEIVABLE TURNOVER |
782,33 |
TIMES |
|
|
|
|
|
DAYS' SALES IN RECEIVABLES |
,46 |
DAYS |
|
|
|
|
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INVENTORY TURNOVER |
2,80 |
TIMES |
|
|
|
|
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ACCOUNTS PAYABLE PERIOD |
,74 |
DAYS |
|
|
|
|
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RETURN ON ASSETS |
1,25 |
TIMES |
|
|
|
|
|
SALES TURNOVER ON NET EQUITY |
4,48 |
TIMES |
|
|
|
|
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NET WORTH TIE-UP |
,13 |
|
|
|
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INDEBTEDNESS |
2,58 |
|
|
|
|
|
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EQUITY RATIO |
27,92 |
% |
|
|
|
|
|
WORKING CAPITAL RATIO |
32,98 |
% |
|
|
|
|
|
GENERAL SOLVENCY |
1,39 |
|
|
|
|
|
|
RETURN ON NET EQUITY |
101,59 |
% |
|
|
|
|
|
RETURN ON SALES (PROFIT MARGIN) |
22,70 |
% |
|
|
|
|
|
GROSS PROFIT MARGIN |
24,70 |
% |
|
|
|
|
|
OPERATIONAL RESULT |
26,05 |
% |
|
|
|
|
|
SALES TURNOVER ON LIABILITIES |
1,74 |
TIMES |
|
|
|
|
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
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FOREIGN CURRENCY ON LIABILITIES |
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EXCHANGE RATE: |
|
US$ 1,00 = R$ 2,74 |
|
US$ 1,00 = R$ 1,66 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING. THE
LEVEL OF INDEBTEDNESS IS VERY HIGH BUT IT IS NOTED GOOD CURRENT RATIO AND
POSITIVE WORKING CAPITAL. ON THE OTHER HAND, IT SHOWS GOOD SALES VOLUME AND
POSTED PROFIT. |
REAL ESTATE:
NOT AVAILABLE
VEHICLES:
NOT AVAILABLE
MACHINES:
NOT AVAILABLE
NOT AVAILABLE.
|
|
BRANCH/PHONE: |
|
|
BANCO BRADESCO S/A |
2367-1 / 85 3464-3710 |
|
|
BANCO DO BRASIL S/A |
1604-7 / 85 3255-3212 |
|
|
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"). |
THE SUBJECT IS ENGAGED IN THE EXTRACTION AND EXPORT OF CARNAUBA WAX.
IMPORT AND EXPORT:
IMPORTS FROM:
KOREA, MEXICO, GERMANY AND TURKEY.
EXPORTS TO:
UNITED STATES, JAPAN, GERMANY, CHILE, INDIA, CHINA, PAKISTAN AND
BELGIUM.
MAIN CLIENTS:
DOMESTIC CLIENTS:
NOT AVAILABLE.
STAFF:
NOT AVAILABLE
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1986. SO FAR
IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOUR.
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: |
|
|
|
CIA DE GÁS DO CEARÁ CEGAS |
|
|
|
COREMAL COM. E REPRESENTAÇÕES MAIA LTDA |
|
|
|
DOMINGOS ARAUJO NETO |
|
|
|
IPIRANGA QUÍMICA S/A |
|
|
|
IPLASA IND. DE PLÁSTICOS SALVADOR LTDA |
|
|
|
MERCO QUÍMICA DO BRASIL LTDA |
|
|
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FOREIGN
SUPPLIERS: |
COUNTRY: |
|
|
BDV BEHRENS |
GERMANY |
|
|
CELITE MEXICANA S/A DE CV |
MEXICO |
|
|
OCI INTERNATIONAL |
KOREA |
|
|
PAYMENT HISTORY: |
|
02 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 12.894,00 |
|
|
|
AMOUNT OF INVOICES PAID: 2 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 10.400,00 |
|
HIGHEST CREDIT: R$ 10.400,00 |
|
|
BASED ON THE OVERALL DATA AVAILABLE THE SUBJECT MAY BE CONSIDERED FOR
NORMAL BUSINESS COMMITMENTS. CREDIT FACILITIES, HOWEVER, SHOULD BE GRANTED ON
SMALL AMOUNTS OR FULLY SECURED TERMS ONLY DUE TO THE ABSENCE OF UPDATED
FINANCIAL DATA.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.31 |
|
|
1 |
Rs.98.67 |
|
Euro |
1 |
Rs.78.10 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SHG |
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.