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Report Date : |
22.12.2014 |
IDENTIFICATION DETAILS
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Name : |
DISTRIBUIDORA DE ACEROS Y METALES SAS |
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Registered Office : |
Calle 13 Numero 56 – 71, |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
11.11.1993 |
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Legal Form : |
Simplified Joint Stock Company |
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Line of Business : |
· Wholesale of construction material, plumbing and heating articles. · The subject is engaged in the manufacture, import, trade of ferrous and non-ferrous metals, and hardware products. |
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No. of Employee : |
60 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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.
ECGC Country Risk Classification List – September 30, 2014
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Source
: CIA |
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IDENTIFICATION |
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COMPANY NAME |
DISTRIBUIDORA DE ACEROS Y METALES SAS |
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TRADE NAME |
DISAMETALES SAS |
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TAX ID TYPE |
NIT |
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TAX ID NUMBER |
800212914 - 9 |
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CURRENT STATUS |
Active |
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MAIN ADDRESS |
Calle 13 Numero 56 - 71 |
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PHONE NUMBER(S) |
(57-1) 4206624 / 2610646 / 4144439 |
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FAX NUMBER |
(57-1) 4206623 |
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E-MAIL |
jgpedraza@disametales.com |
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WEB SITE |
http://www.disametales.com/ |
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CR-RATING |
CR. B: LOW RISK |
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PAYMENT HISTORY |
EP. A: PAYMENTS USUALLY PROMPT |
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COMMENTS OF IDENTIFICATION.- |
This report was requested as: DISAMETALS SAS and with address:
Calle-13 N 56-71 Bogata. Please be advised that the correct data are as shown
above. |
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LEGAL ASPECTS |
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LEGAL STATUS |
Simplified Joint Stock Company |
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INCORPORATION DATE |
11/11/1993 |
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REGISTERED IN |
Bogota DC |
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DURATION |
Deed No. 7145 |
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REGISTRATION |
Unlimited |
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PAID-UP CAPITAL |
Ps$850,000,000.00 Pesos |
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LAST CAPITAL INCREASE |
December 2012 |
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NET WORTH |
Ps$1,162,322,000.00 Pesos (As of 31/12/2013) |
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TYPE OF SHARES |
Registered Shares |
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SHARE VALUE |
Ps$10.00 Pesos |
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COMMENTS ON LEGAL ASPECTS .- |
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Its check digit is 9. The check digit is a digit added to the NIT, which
is a key number to be used in error detection and possible correction, given
by the Superintendency of Companies. The subject is member of the Unique
Business Registry with the following data: Chamber of Commerce of Bogota
Mercantile Reg. No. 574381 File 54203 Date of registration: 22/11/1993 State
of registration: Active It is member of the Colombian Chamber of Construction
(CAMACOL). |
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BOARD OF DIRECTORS-EXECUTIVES-SHAREHOLDERS |
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NAME |
JOB TITLE |
% STAKE |
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PEDRAZA SANCHEZ, JOSE GABRIEL |
General Manager |
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ESCOBAR PEDRAZA, JHON WILLIAM |
Legal Representative 1st Substitute |
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RODRIGUEZ RINCON, DANIEL |
Statutory Auditor |
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ORJUELA DUEÑAS, GILMA INES |
Deputy Statutory Auditor |
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CHINCHILLA CUBILLOS, MARIA TERESA |
Accountant |
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WHO IS WHO? |
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PEDRAZA SANCHEZ, JOSE GABRIEL |
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Colombian, C.I., 6758048, Businessman, . |
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ESCOBAR PEDRAZA, JHON WILLIAM |
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Colombian, C.I., 7172960, Businessman, . |
No negative information found.
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LISTED AT STOCK EXCHANGE |
NO |
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IMPORTS |
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YEAR |
2014 (January - October) |
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AMOUNT |
US$ 261,639.43 |
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COUNTRIES |
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OPERATIONS |
Operations: 8 |
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YEAR |
2013 |
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AMOUNT |
US$ 403,019.86 |
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COUNTRIES |
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OPERATIONS |
Operations: 13 |
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YEAR |
2012 |
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AMOUNT |
US$ 442,171.78 |
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COUNTRIES |
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OPERATIONS |
Operations: 15 |
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YEAR |
2011 |
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AMOUNT |
US$ 412,520.50 |
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COUNTRIES |
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OPERATIONS |
Operations: 21 |
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PAYMENTS |
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TRADE REFERENCES |
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TYPE OF SUPPLIER |
NATIONAL |
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CREDIT FACILITIES |
No current operations limit |
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SUPPLIER FROM |
Many years ago |
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MONTHLY AVERAGE |
US$100,000.00 Dollars |
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DEADLINES |
Invoices at 15, 30 days |
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PRODUCTS SOLD |
Steel |
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RATING |
PROMPT |
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COMMENTS.- |
Payments are made by checks and bank transfers. Good client. |
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CREDIT FILES |
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The consulted supplier just confirmed subject as client without
disclosing further details. |
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LOCAL SUPPLIERS |
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Name |
Contact |
Telephone |
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COMPAÑIA GENERAL DE ACEROS SA |
Luz Romero |
(57-1) 7700560 |
N/A
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FINANCIAL INFORMATION |
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CONTENT.- |
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We had an interview with Mrs. María Chinchilla (Accountant) who
furnished commercial data on the company and the balance sheet as of
31/12/2013 and 31/12/2012 (12 months) in Pesos, as follows: |
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GENERAL BALANCE
SHEET |
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Balance Date |
31/12/2013 |
31/12/2012 |
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Currency |
Peso |
Peso |
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Exchange Rate |
1,917.40 |
1,774.50 |
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.Current Total |
3,300,964,000.00 |
3,571,037,000.00 |
-7.56 |
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.Net Fixed |
80,365,000.00 |
82,782,000.00 |
-2.92 |
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.Total Assets |
3,381,329,000.00 |
3,653,819,000.00 |
-7.46 |
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.Total Current Liabilities |
2,026,511,000.00 |
2,426,131,000.00 |
-16.47 |
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.Long Term Accounts |
192,496,000.00 |
82,280,000.00 |
133.95 |
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Total Liabilities |
2,219,007,000.00 |
2,508,411,000.00 |
-11.54 |
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Total Equity |
1,162,322,000.00 |
1,145,408,000.00 |
1.48 |
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Total Liabilities and Equity |
3,381,329,000.00 |
3,653,819,000.00 |
-7.46 |
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PROFIT AND LOSS
ACCOUNT |
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Balance Date |
31/12/2013 |
31/12/2012 |
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Currency |
Peso |
Peso |
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Exchange Rate |
1,917.40 |
1,774.50 |
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Net Sales |
4,202,574,000.00 |
4,610,383,000.00 |
-8.85 |
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Net Income(Net Loss) |
52,914,000.00 |
84,823,000.00 |
-37.62 |
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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 |
1,274,453,000.00 |
1,144,906,000.00 |
0.11 |
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.LIQUIDITY RATIO |
1.63 |
1.47 |
0.11 |
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.CONTENTS OF THE ACID TEST |
0.00 |
0.00 |
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.INDEBTEDNESS |
1.52 |
1.46 |
0.04 |
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.LIABILITIES, CAPITAL |
0.00 |
0.00 |
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.TOTAL ASSET TURNOVER |
1.24 |
1.26 |
-0.02 |
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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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The subject is an industrial firm in business since 1993 which does
not register any negative data, which makes us estimate its operations are
conducted normally. COUNTRY CONTEXT - |
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INSURANCE.- |
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No insurance policies found through outside sources. |
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RATE OF EXCHANGE |
US$1.00 = Ps$2,343.50 (as of report date) |
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OPERATIONS |
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SECTOR |
1.-INDUSTRY |
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ACTIVITY |
HARDWARE |
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ISIC CATEGORY |
G-WHOLESALE AND/OR RETAIL |
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ISIC CLASS |
5143-Wholesale of construction material, plumbing and heating
articles. |
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MAIN ACTIVITY |
The subject is engaged in the manufacture, import, trade of ferrous
and non-ferrous metals, and hardware products. |
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% CASH SALES/PAYMENT METHOD |
60% |
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% CREDIT SALES/TERMS |
40% (terms at 30 days) |
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100% (Domestic market) |
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% LOCAL PURCHASING |
60% |
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% FOREIGN PURCHASING |
40% |
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N. OF EMPLOYEES |
60 approximately |
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LOCATION |
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ADMINISTRATIVE OFFICE, WAREHOUSE: at heading address in an industrial
zone of easy access. Spacious own premise with land area of 400 sq.m. |
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COMMENTS OF OPERATIONS.- |
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Sales are made 100% directly. We were able to observe a large stock of
merchandise and good flow of clients. Location is in a commercial zone highly
frequented by general public, private and public institutions. It has a large
portfolio of clients in |
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BANKERS / REFERENCE |
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Bank Name |
Account Number |
Account Officer |
Telephone |
Country |
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BANCO POPULAR COLOMBIA SA |
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BANCO SANTANDER COLOMBIA SA |
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CITIBANK COLOMBIA SA |
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BANK COMENTS |
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The consulted banks do not disclose any data on clients as per bank
secrecy. |
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CENTRAL RISK |
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Having consulted judicial bulletins, legal filings and other specialized
publications we did not find any negative data that may affect its
reputation. |
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N/A
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.07 |
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1 |
Rs.98.73 |
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Euro |
1 |
Rs.77.46 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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Report Prepared
by : |
TPT |
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 |
-- |
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.