MIRA INFORM REPORT

 

 

Report Date :

23.12.2014

 

IDENTIFICATION DETAILS

 

Name :

METSO BRASIL INDÚSTRIA E COMÉRCIO LTDA

 

 

Registered Office :

Avenida Independência, 2500 - Bairro Iporanga  18087-101 - Sorocaba/SP

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

02.08.1990

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Subject is engaged in the industrialization of metallurgical products, machines for stone-crushing, handling, sorting, transformation and transport of iron, manufacture and sale of press roller and related equipments aimed at compaction in general; manufacturing of rubber, cement and resin parts; drawing, import, export, rendering of services in general and reform of machines and equipments.

 

 

No. of Employee :

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 :

Exist

 

 

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

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

 

Company name

 

METSO BRASIL INDÚSTRIA E COMÉRCIO LTDA

 

 

ADDRESSES

 

MAIN ADDRESS:

AVENIDA INDEPENDÊNCIA, 2500 - BAIRRO IPORANGA

ZIP CODE/CITY:

18087-101 - SOROCABA/SP

 

 

PHONE:

15 2102-1300

FAX:

15 2102-1679

E-MAIL:

carlos.r.silva@metso.com

WEB SITE:

www.metso.com

 

BRANCHES:

 

 

 

ADDRESS:

TRAVESSA CATALINA, 485 B / 495B - JARDIM ESPLANADA

ZIP CODE/CITY:

68372-855 ALTAMIRA/PA

 

 

ADDRESS:

AV. ITAVUVU, 11777 SALA 02 E SALA 04 DISTRITO INDUSTRIAL

ZIP CODE/CITY:

18078-005 SOROCABA/SP

 

 

ADDRESS:

VILA PITTINGA - S/Nº. - ALMOXARIFADO, VILA PITTINGA

ZIP CODE/CITY:

69737-000 PRESIDENTE FIGUEIREDO/AM

 

 

ADDRESS:

RODOVIA PA 160 - S/Nº. KM 24 QRN LOTE 01 DISTRITO INDL. PARAUAP

ZIP CODE/CITY:

68515-000 PARAUPEBAS/PA

 

 

ADDRESS:

AVENIDA TANTALISTA - S/Nº.- PRÉDIO VILA PITTINGA

ZIP CODE/CITY:

69737-000 PRESIDENTE FIGUEIREDO/AM

 

 

ADDRESS:

AVENIDA GUARAPARI, 634 - LOJA 1 - 636 L - SANTA AMELIA

ZIP CODE/CITY:

31560-300 BELO HORIZONTE/MG

 

 

ADDRESS:

AVENIDA FERNANDO STECCA, 5501

ZIP CODE/CITY:

SOROCABA/SP

PHONE:

15 2102-1300

 

 

ADDRESS:

RUA ARISTIDES BITTI, 145 - BAIRRO DE CARLI

ZIP CODE/CITY:

29194-006 ARACRUZ/ES

 

 

ADDRESS:

RUA DO BRONZE, S/Nº. QUADRA V, POLO DE APOIO

ZIP CODE/CITY:

42800-970 CAMAÇARI/BA

 

THE COMPANY ALSO HAS OTHER BRANCHES LOCATED IN: PRESIDENTE FIGUEIREDO/AM, CANAA DOS CARAJAS/PA, CURITIBA/PR, TABOÃO DA SERRA/SP, SOROCABA/SP, VITORIA/ES, ITABIRA/MS, BELO HORIZONTE/MG, MUCURI/BA, RIO DE JANEIRO/RJ, PARAUAPEBAS/PA AND BELEM/PA.

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

THE SUBJECT IS ENGAGED IN THE INDUSTRIALIZATION OF METALLURGICAL PRODUCTS, MACHINES FOR STONE-CRUSHING, HANDLING, SORTING, TRANSFORMATION AND TRANSPORT OF IRON, MANUFACTURE AND SALE OF PRESS ROLLER AND RELATED EQUIPMENTS AIMED AT COMPACTION IN GENERAL; MANUFACTURING OF RUBBER, CEMENT AND RESIN PARTS; DRAWING, IMPORT, EXPORT, RENDERING OF SERVICES IN GENERAL AND REFORM OF MACHINES AND EQUIPMENTS.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

02/08/1990

REGISTER DATE:

02/08/1990

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

16.622.284/0001-98

STATE REGISTER:

669.575.300.114

 

 

SHARE CAPITAL:

R$ 200.821.820,00

LAST REGISTER OF CAPITAL:

06/02/2009

 

BOARD OF DIRECTORS:

 

 

 

GENIVAL DE FREITAS LIMA

MANAGER

 

 

AUTHORIZED USE OF SIGNATURE

 

THE MANAGER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

METSO MINERALS OY

R$ 200.821.819,00

METSO MINERALS (SWEDEN) AB

R$ 1,00

 

AFFILIATES / SUBSIDIARIES:

 

 

 

METSO GROUP

 

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON AUGUST 02, 1990 TO BE ENGAGED IN THE SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN.

 

THE SUBJECT HAS UNDERGONE THE FOLLOWING CORPORATE NAME CHANGES:

SVEDALA FACO LTDA;

FÁBRICA DE AÇO PAULISTA LTDA.

 

TRADE NAME: "METSO".

 

PARTNERS:

 

METSO MINERALS OY: COMPANY REGISTERED UNDER TAXPAYER REGISTER NUMBER CNPJ 07.228.593/0001-97, LOCATED IN HELSINKI, P.O.BOX 1220, FI-00101, FINLAND, REPRESENTED BY ITS ATTORNEY LUCIENNE ZAKA, BRAZILIAN, HOLDER OF DOCUMENS CPF 529.979.796-68 AND RG 27.465.564-0-SP, WITH ADDRESS AT AVENIDA INDEPENDÊNCIA, 2500, IPORANGA, ZIP CODE 18087-101, SOROCABA/SP:

 

METSO MINERALS (SWEDEN) AB: COMPANY REGISTERED UNDER TAXPAYER REGISTER NUMBER CNPJ 19.572.202/0001-36, LOCATED IN P.O.BOX 132, SE-23122, TRELLEBORG, SWEDEN, REPRESENTED BY ITS ATTORNEY LUCIENNE ZAKA, BRAZILIAN, HOLDER OF DOCUMENS CPF 529.979.796-68 AND RG 27.465.564-0-SP, WITH ADDRESS AT AVENIDA INDEPENDÊNCIA, 2500, IPORANGA, ZIP CODE 18087-101, SOROCABA/SP;

 

GENIVAL DE FREITAS LIMA: BRAZILIAN, HOLDER OF DOCUMENTS CPF 096.529.118-95 AND RG 19.889.436-3-SP, WITH ADDRESS AT AVENIDA INDEPENDÊNCIA, 2500, IPORANGA, ZIP CODE 18087-101, SOROCABA/SP.

 

ON DECEMBER 01, 2006 SUBJECT TOOK OVER THE COMPANY METSO BRASIL INDUSTRIA E COMERCIO LTDA CNPJ 43.939.271/0001-10.

 

ON FEBRUARY 06, 2009 THE COMPANY MADE A PARTIAL SPLIT OFF WITH THE PARTIAL TRANSFERENCE OF ITS ASSETS TO METSO PAPER SOUTH AMERICA LTDA.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. CASRLOS, FINANCIAL MANAGER, 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:

 

PROTESTS:

 

3  PROTESTS,TOTAL AMOUNT R$ 969,85

 

DETAILS OF LATEST PROTESTS:

 

NOTARY OFFICE:

DATE:

VALUE:

1º CARTÓRIO DE SP-SOROCABA

10/11/2014

R$ 420,06

CARTÓRIO DE PA-PARAUPEBAS

21/11/2014

R$ 336,99

CARTÓRIO DE PA-PARAUAPEBAS

21/11/2014

R$ 212,80

 

LAWSUITS:

 

 

 

DATE:

COURT OF LAW:

 

1

MONITORY SUIT

13/04/13

1ª VARA DE SP-SOROCABA

3

MUNICIPAL LAWSUITS

17/03/14

1ª VARA DE MG-ITABIRA

2

FEDERAL LAWSUITS

11/05/12

2ª VARA DE SP-SOROCABA

 

 

FINANCIAL INFORMATION

 

GENERAL BALANCE SHEETS AS OF 31/12/2010.

( FIGURES ARE IN REAIS ).

 

ASSETS

 

CURRENT:

31/12/2010

 

 

CASH AND BANKS

46.582.557,27

CLIENTS

194.603.739,51

INVENTORY

294.522.085,61

RECOVERABLE TAXES

143.353.512,62

PRE PAID EXPENSES

283.391,18

OTHER CREDITS

7.813.473,00

 

----------------

TOTAL CURRENT ASSETS

687.158.759,19

 

LONG-TERM RECEIVABLES:

 

 

 

RECOVERABLE TAXES

3.283.231,32

JUDICIAL DEPOSITS

22.775.937,82

DEFERRED TAXES

31.514.701,29

OTHER CREDITS

2.331.391,99

 

----------------

TOTAL LONG-TERM RECEIVABLES

59.905.262,42

 

FIXED ASSETS:

 

 

 

FIXED ASSETS

93.221.810,43

INTANGIBLE

8.102.495,77

 

----------------

TOTAL FIXED ASSETS

101.324.306,20

 

================

TOTAL ASSETS

848.388.327,81

 

LIABILITIES:

 

CURRENT:

31/12/2010

 

 

SUPPLIERS

184.569.760,60

FOREIGN SUPPLIERS

14.085.264,11

FINANCING

91.008.655,26

TAXES & CONTRIBUTIONS

34.050.999,44

SALARY, TAXES & CONTRIB.

28.594.070,08

ADVANCE FROM CLIENTS

107.798.547,40

PROVISIONS

11.794.631,99

OTHER DEBTS

4.474.468,40

 

----------------

TOTAL CURRENT LIABILITIES

476.376.397,28

 

LONG TERM LIABILITIES:

 

 

 

DEBT WITH RELATED COMPANIES

80.789.625,00

PROVISION FOR CONTINGENCIES

55.658.163,75

PROVISIONS

1.260.338,00

 

----------------

TOTAL LONG TERM LIABILITIES

137.708.126,75

 

NET EQUITY:

 

 

 

SHARE CAPITAL

200.821.820,00

ACCRUED PROFIT (LOSS)

29.745.210,66

PROFIT RESERVES

3.736.773,12

 

----------------

TOTAL NET EQUITY

234.303.803,78

 

================

TOTAL LIABILITIES

848.388.327,81

 

PROFIT AND LOSS ACCOUNTS AS OF 31/12/2010.

( FIGURES ARE IN REAIS ).

 

 

31/12/2010

 

 

GROSS SALES

966.694.050,70

(-) TAXES ON SALES

164.852.809,10

 

----------------

NET SALES

801.841.241,60

(-) COST OF SOLD GOODS

616.276.349,83

 

----------------

GROSS PROFIT

185.564.891,77

OPERATING REVENUE (EXPENSE)

-122.689.963,88

FINANCIAL REVENUE(EXPENSE)

-17.795.000,87

 

----------------

OPERATIONAL PROFIT (LOSS)

45.079.927,02

CONTRIBUTION/INCOME TAX

-15.334.716,36

 

----------------

NET PROFIT (LOSS)

29.745.210,66

 

RATIOS:

31/12/2010

 

QUICK RATIO

,82

 

CURRENT RATIO

1,44

 

ACCOUNTS RECEIVABLE TURNOVER

4,12

TIMES

DAYS' SALES IN RECEIVABLES

87,37

DAYS

INVENTORY TURNOVER

2,09

TIMES

ACCOUNTS PAYABLE PERIOD

107,82

DAYS

RETURN ON ASSETS

,95

TIMES

SALES TURNOVER ON NET EQUITY

3,42

TIMES

NET WORTH TIE-UP

,40

 

INDEBTEDNESS

2,62

 

EQUITY RATIO

27,62

%

WORKING CAPITAL RATIO

44,25

%

GENERAL SOLVENCY

1,38

 

RETURN ON NET EQUITY

12,70

%

RETURN ON SALES (PROFIT MARGIN)

3,71

%

GROSS PROFIT MARGIN

23,14

%

OPERATIONAL RESULT

5,62

%

SALES TURNOVER ON LIABILITIES

1,68

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,64

 - OFFICIAL RATE ON 19/12/2014

US$ 1,00 = R$ 1,66

 - OFFICIAL RATE ON 31/12/2010

 

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 HAS GOOD CURRENT RATIO AND POSITIVE WORKING CAPITAL, CONSIDERED SUFFICIENT TO COVER THE SHORT TERM DEBTS.  IN ADDITION IT SHOWS GROWING SALES AND MADE PROFIT.

 

REAL ESTATE:

 

   NOT AVAILABLE

 

VEHICLES:

 

   NOT AVAILABLE

 

MACHINES:

 

   NOT AVAILABLE

 

 

INSURANCE

 

NOT AVAILABLE.

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

BANCO DO BRASIL S/A

0001

BANCO BRADESCO S/A

0152

HSBC BANK BRASIL S/A

0951

BANCO CITIBANK S/A

0009

BANCO DO BRASIL S/A

2414

BANCO BRADESCO S/A

2709

 

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"). DATE RESEARCHED DECEMBER 19, 2014.

 

 

ACTIVITIES COMMENTS

 

THE SUBJECT IS ENGAGED IN THE INDUSTRIALIZATION OF METALLURGICAL PRODUCTS, MACHINES FOR STONE-CRUSHING, HANDLING, SORTING, TRANSFORMATION AND TRANSPORT OF IRON, MANUFACTURE AND SALE OF PRESS ROLLER AND RELATED EQUIPMENTS AIMED AT COMPACTION IN GENERAL; MANUFACTURING OF RUBBER, CEMENT AND RESIN PARTS; DRAWING, IMPORT, EXPORT, RENDERING OF SERVICES IN GENERAL AND REFORM OF MACHINES AND EQUIPMENT.

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

UNITED STATES, GERMANY, AUSTRALIA AND SWITZERLAND.

 

   EXPORTS TO:

NOT AVAILABLE.

 

MAIN CLIENTS:

 

DOMESTIC CLIENTS:

CAMARGO CORREA METAIS S/A

CIA BRASILEIRA DE METALURGIA E MINERAÇÃO

CIA. SIDERÚRGICA NACIONAL

CONSTRUTORA ANDRADE GUTIERREZ

CONSTRUTORA CAMARGO CORRÊA

MINERAÇÃO BRASILEIRAS REUNIDAS - M.B.R

MINERAÇÃO RIO NORTE LTDA

MINERAÇÃO SERRA DA FORTALEZA LTDA

PETRÓLEO BRASILEIRO S/A - PETROBRAS

S/A INDÚSTRIAS VOTORANTIM

VALE S/A

VERACEL CELULOSE S/A

VOTORANTIM CELULOSE E PAPEL S/A

 

STAFF:

 

   NOT AVAILABLE

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT WAS ESTABLISHED IN 1990. SO FAR IT HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEMS ARE NOTED.

 

THE COMPANY HAS TRADE RELATIONS WITH SEVERAL SUPPLIERS IN BRAZIL. THE SUPPLIERS EXTEND CREDIT FACILITIES TO THE SUBJECT IN TERMS AND AMOUNTS ACCORDING TO THE COMPANY'S NEEDS AND SO FAR NO PAYMENT PROBLEMS E NOTED.

 

THE LAWSUITS REPORTED ARE NOT RELATED WITH TRADE DEBTS. THEY ARE RELATED TO TAX DEBTS THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID. NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUITS DO NOT AFFECT THE COMPANY'S TRADE REPUTATION.

 

THE PROTESTS FOUND DO NOT AFFECT SUBJECT'S REPUTATION.

 

MAIN SUPPLIERS:

 

DOMESTIC SUPPLIERS:

AGRO QUIMICA MARINGA S/A

ASHLAND RESINAS LTDA

CAMAQ CALDEIRARIA E MAQUINAS INDUSTRIAIS LTDA

CCM ESTRUTURAS METÁLICAS E CONSTRUÇÕS LTDA

CIA DE FERRO LIGAS DA BAHIA FERBASA

CIA. NÍQUEL TOCANTINS

CIA. SIDERÚRGICA PAULISTA - COSIPA

FUNDIÇÃO CORRADI S/A

FUNDIÇÃO MORENO LTDA

GOODYEAR DO BRASIL PRODUTOS DE BORRACHA LTDA

IRUSA ROLAM LTDA

METALURGICA ARGOS LTDA

P.T.I - POWER TRANSMISSION

S.K.F DO BRASIL

SIEMENS DO BRASIL

SUMIG IND TOCHAS LTDA

VOITH S/A MÁQUINAS E EQUIPAMENTOS

WEG S/A

 

FOREIGN SUPPLIERS:

IQ SOLUÇÕES & QUIMICA S/A

PETRONAS LUBRIF BRASIL S/A

 

PAYMENT HISTORY:

 

24 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 3.910.145,00

 

AMOUNT OF INVOICES PAID: 369

TOTAL OF PROMPT PAYMENTS: 89,1%

TOTAL OF DELAYED PAYMENTS: 10,9%

 

HIGHEST INVOICE: R$ 92.988,00

HIGHEST CREDIT: R$ 103.063,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS:

 

---------------------------

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

1

1

R$ 2.660,00

 

 

FINAL OPINION

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS. UP TO DATE IT HAS A CLEAR TRADE HISTORY AND GOOD 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.63.17

UK Pound

1

Rs.98.85

Euro

1

Rs.77.42

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

ANK

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.