|
Report Date : |
17.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
MEDQUIMICA INDUSTRIA FARMACÊUTICA S/A |
|
|
|
|
Registered Office : |
Rua Otacílio Esteves Da Silva, 40 - Granjas Betania |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.06.2013 |
|
|
|
|
Date of Incorporation : |
21.07.1975 |
|
|
|
|
Legal Form : |
Privately Held Corporation |
|
|
|
|
Line of Business : |
Manufacture of pharmaceutical products. |
|
|
|
|
No. of Employees : |
580 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
US$ 300.000,00 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
Litigation : |
Exists |
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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, 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 to 2.7% in 2011, and 1.3% in
2012. 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. In an effort to boost growth, in 2012 the administration implemented
a somewhat more expansionary monetary policy that has failed to stimulate much
growth.
|
Source
: CIA |
MEDQUIMICA
INDUSTRIA FARMACÊUTICA S/A
|
MAIN ADDRESS: |
RUA OTACÍLIO ESTEVES DA SILVA, 40 - GRANJAS BETANIA |
|
ZIP CODE/CITY: |
36047-400 - JUIZ DE FORA/MG |
|
|
|
|
PHONE: |
32 3224-4000 |
|
FAX: |
32 3224-4000 |
|
E-MAIL: |
ger.financeiro@medquimica.com |
|
WEB SITE: |
www.medquimica.ind.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA FERNANDO LAMARCA,255 BLOCO C - DISTRITO INDUSTRIAL |
|
ZIP CODE/CITY: |
36092-030 JUIZ DE FORA/MG |
|
PHONE: |
32 2101-4000 |
|
FAX: |
32 2101-4000 |
|
CNPJ: |
178.751.540-00 |
|
|
|
|
ADDRESS: |
RUA OTACILIO ESTEVES DA SILVA,759 - GRANJAS BETÂNIA |
|
ZIP CODE/CITY: |
36047-400 JUIZ DE FORA/MG |
|
CNPJ: |
17.875.154/0004-72 |
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF PHARMACEUTICAL PRODUCTS. |
|
LEGAL FORM: |
PRIVATELY HELD
CORPORATION |
|
|
|
|
INCORPORATION DATE: |
21/07/1975 |
|
REGISTER DATE: |
21/07/1975 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
17.875.154/0001-20 |
|
STATE REGISTER: |
367.170.800.0047 |
|
|
|
|
SHARE CAPITAL: |
R$ 37.014.223,00 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
JORGE LAGES DE OLIVEIRA |
PRESIDENT DIRECTOR |
|
EVANDRO RODRIGUES DA SILVA |
DIRECTOR |
|
VINICIUS BRAGA QUINTÃO |
DIRECTOR |
|
JADIR VIEIRA JUNIOR |
DIRECTOR |
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
JORGE LAGES DE OLIVEIRA |
72,31% |
|
EVANDRO RODRIGUES DA SILVA |
0,69% |
|
GCP FARMA HOLDING PARTICIPAÇÕES LTDA |
27,00% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS
HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
ENFERMAGEM EQUILIBRIO LTDA ME |
|
|
JLO PARTICIPAÇÕES LTDA |
|
|
DBLU PARTICIPAÇÕES LTDA |
|
|
THE SUBJECT WAS ESTABLISHED ON JULY 21, 1975 AS MEDQUIMICA INDUSTRIA
FARMACÊUTICA LTDA TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON DECEMBER 23,
2011 IT ALTERED TO ABOVE-MENTIONED NAME AND UP TO DATE IT IS STILL OPERATING
WITHIN THE GENERAL SCENE REPORTED HEREIN. SHAREHOLDERS : JORGE LAGES DE OLIVEIRA: BRAZILIAN, SINGLE, INDUSTRIAL, HOLDER OF DOCUMENTS
RG M-228.537 SSP/MG AND CPF 141.386.626-34, RESIDENTIAL ADDRESS AT RUA DELFIM
MOREIRA. 33, APTO 701, CENTRO, ZIP CODE 36010-570, JUIZ DE FORA/MG; EVANDRO RODRIGUES DA SILVA: BRAZILIAN, MARRIED, ADMINISTRATOR, HOLDER
OF DOCUMENTS RG M-8.128.180 SSP/MG AND CPF 005.450.486-48, RESIDENTIAL
ADDRESS AT RUA DR. OSMAR SILVA, 95, APTO 701, BAIRRO BOM PASTOR, ZIP CODE
36080-300, JUIZ DE FORA/MG; GCP FARMA HOLDING PARTICIPAÇÕES LTDA: HEADQUARTERED AT RUA TABAPUÃ,
1123, SALAS 241 A 244, ITAIM BIBI, ZIP CODE 04533-014, TAXPAYER'S
REGISTRATION UNDER 14.294.559/0001-86. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
2 |
FEDERAL LAWSUITS |
24/08/09 |
2ª VARA DE MG-JUIZ DE FORA |
|
1 |
STATE LAWSUIT |
22/07/09 |
VARA DE MG-JUIZ DE FORA |
|
GENERAL BALANCE
SHEETS AS OF 30/06/2013, 31/12/2012 AND 31/12/2011. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
30/06/2013 |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
CASH AND BANKS |
495 |
471 |
11.785 |
|
CLIENTS |
12.158 |
16.389 |
14.458 |
|
ADVANCES |
|
730 |
1.480 |
|
INVENTORY |
7.861 |
6.742 |
5.902 |
|
RECOVERABLE TAXES |
1.355 |
1.369 |
1.089 |
|
OTHER CREDITS |
991 |
306 |
751 |
|
PRE PAID EXPENSES |
76 |
144 |
134 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
22.936 |
26.151 |
35.599 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
INTERCOMPANY CREDITS |
1.140 |
881 |
|
|
OTHER CREDITS |
195 |
10 |
26 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
1.335 |
891 |
26 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
25.581 |
24.802 |
12.821 |
|
INTANGIBLE |
8.564 |
7.657 |
7.061 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
34.145 |
32.459 |
19.882 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
58.416 |
59.501 |
55.507 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
30/06/2013 |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
SUPPLIERS |
8.142 |
5.194 |
6.404 |
|
LOANS AND FINANCING |
12.327 |
18.438 |
8.802 |
|
TRIBUTARY OBLIGATIONS |
1.961 |
2.458 |
2.555 |
|
SOCIAL OBLIGATIONS |
2.959 |
3.108 |
2.820 |
|
OTHER DEBTS |
1.669 |
1.455 |
1.297 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
27.058 |
30.653 |
21.878 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
7.812 |
7.312 |
8.238 |
|
TRIBUTARY OBLIGATIONS |
6.363 |
6.120 |
7.369 |
|
SOCIAL OBLIGATIONS |
2.759 |
2.107 |
2.641 |
|
PROVISION FOR CONTINGENCIES |
176 |
176 |
671 |
|
OTHER |
126 |
57 |
21 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
17.236 |
15.772 |
18.940 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
37.014 |
37.014 |
37.014 |
|
CAPITAL RESERVES |
1 |
1 |
1 |
|
ACCRUED PROFIT (LOSS) |
-29.958 |
-31.004 |
-30.799 |
|
OTHER COMPREHENSIVE INCOME |
7.065 |
7.065 |
8.473 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
14.122 |
13.076 |
14.689 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
58.416 |
59.501 |
55.507 |
|
PROFIT AND LOSS
ACCOUNTS AS OF 30/06/2013, 31/12/2012 AND 31/12/2011. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
30/06/2013 |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
GROSS SALES |
|
|
72.515 |
|
(-) TAXES ON SALES |
|
|
14.704 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
36.834 |
62.905 |
57.811 |
|
(-) COST OF SOLD GOODS |
22.180 |
38.080 |
21.990 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
14.654 |
24.825 |
35.821 |
|
OPERATING REVENUE (EXPENSE) |
-10.654 |
-22.534 |
-43.845 |
|
FINANCIAL REVENUE(EXPENSE) |
-2.713 |
-3.904 |
-6.859 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
1.287 |
-1.613 |
-14.883 |
|
CONTRIBUTION/INCOME TAX |
-241 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
1.046 |
-1.613 |
-14.883 |
|
MONTHLY SALES |
|||
|
|
2012 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 4.354.272,75 |
|
|
|
FEBRUARY |
R$ 5.307.835,28 |
|
|
|
MARCH |
R$ 7.840.908,21 |
|
|
|
APRIL |
R$ 5.367.585,33 |
|
|
|
MAY |
R$ 7.102.341,03 |
|
|
|
JUNE |
R$ 6.508.987,22 |
|
|
|
JULY |
R$ 7.241.976,69 |
|
|
|
AUGUST |
R$ 7.201.129,71 |
|
|
|
SEPTEMBER |
|
|
|
|
OCTOBER |
|
|
|
|
NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$ 50.925.036,22 |
|
|
|
RATIOS: |
30/06/2013 |
31/12/2012 |
31/12/2011 |
|
QUICK RATIO |
,56 |
|
,63 |
|
1,36 |
|
|
CURRENT RATIO |
,85 |
|
,85 |
|
1,63 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
3,03 |
TIMES |
3,84 |
TIMES |
4,00 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
59,41 |
DAYS |
93,79 |
DAYS |
90,03 |
DAYS |
|
INVENTORY TURNOVER |
2,82 |
TIMES |
5,65 |
TIMES |
3,73 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
66,08 |
DAYS |
49,10 |
DAYS |
104,84 |
DAYS |
|
RETURN ON ASSETS |
,63 |
TIMES |
1,06 |
TIMES |
1,04 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
2,61 |
TIMES |
4,81 |
TIMES |
3,94 |
TIMES |
|
NET WORTH TIE-UP |
1,81 |
|
1,90 |
|
,87 |
|
|
INDEBTEDNESS |
3,14 |
|
3,55 |
|
2,78 |
|
|
EQUITY RATIO |
24,17 |
% |
21,98 |
% |
26,46 |
% |
|
WORKING CAPITAL RATIO |
-15,23 |
% |
-14,69 |
% |
62,72 |
% |
|
GENERAL SOLVENCY |
1,32 |
|
1,28 |
|
1,36 |
|
|
RETURN ON NET EQUITY |
7,41 |
% |
-12,34 |
% |
-101,32 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
2,84 |
% |
-2,56 |
% |
-25,74 |
% |
|
GROSS PROFIT MARGIN |
39,78 |
% |
39,46 |
% |
61,96 |
% |
|
OPERATIONAL RESULT |
3,49 |
% |
-2,56 |
% |
-25,74 |
% |
|
SALES TURNOVER ON LIABILITIES |
1,36 |
TIMES |
2,05 |
TIMES |
2,64 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,40 |
- OFFICIAL RATE |
|
US$ 1,00 = R$ 2,22 |
- OFFICIAL RATE |
|
US$ 1,00 = R$ 2,04 |
- OFFICIAL RATE |
|
US$ 1,00 = R$ 1,87 |
- OFFICIAL RATE |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE ANNUAL FIGURES AVAILABLE SHOW AN UNBALANCED FINANCIAL STANDING.
THE LEVEL OF INDEBTEDNESS IS VERY HIGH AND IT HAS LOW LIQUIDITY RATIOS. IN
ADDITION IT IS NOTED GROWING SALES BUT ITS HIGH FINANCIAL AND OPERATIONAL
EXPENSES THE COMPANY MADE NEGATIVE RESULTS. THE QUARTERLY FIGURES FOR JUNE 2013 SHOW THAT THE INDEBTEDNESS KEEPS
VERY HIGH AND THE LIQUIDITY LOW. ON THE OTHER HAND IT IS NOTED GROWING SALES
TREND AND THE OPERATIONS ARE PROFITABLE. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
5.498.767,49
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
2.381.086,41
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE
VALUED AT R$ 214.279,94
|
NOT AVAILABLE. |
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO ITAÚ S/A |
1345 / 31 3249-3558 |
BELO HORIZONTE/MG |
|
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 MANUFACTURE, IMPORT AND EXPORT OF PHARMACEUTICAL
PRODUCTS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
GERMANY, CHINA, SWITZERLAND, UNITED STATES AND INDIA. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
DIANALMED LTDA |
|
|
|
DISTRIBUIDORA VIANA GOMES |
|
|
|
J N DE LIMA COMERCIAL |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 580 EMPLOYEE(S) |
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1975. SO FAR
IT HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEMS ARE NOTED. THE COMPANY HAS TRADE RELATIONS WITH SOME 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 ARE 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. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
ALLPLAS IND E COMERCIO LTDA |
|
11 4612-2233 |
|
CIEL - CONFIANÇA IMP EXP LTDA |
|
21 3535-9550 |
|
COSMOQUIMICA |
|
0800 116-633 |
|
DINALAB COM IMP EXP LTDA |
|
11 5588-1444 |
|
FORLAB-CHITEC S/A COM INTERNACIONAL |
|
21 2232-0038 |
|
HEXIS CIENTÍFICA S/A |
|
11 4589-2706 |
|
INDUKERN DO BRASIL QUIMICA LTDA |
|
11 3689-7666 |
|
KLOCKNER PENTAPLAST DO BRASIL LTDA |
|
11 4613-9979 |
|
MACRON INDUSTRIA GRÁFICA LTDA |
|
11 4393-8366 |
|
MAKENI CHEMICALS COM IND PROD SQUIM LTDA |
|
11 4360-6400 |
|
PURIFARMA DISTRIB QUIMICA E FARM LTDA |
|
11 272-5600 |
|
VALDEQUIMICA PRODUTOS QUIMICOS LTDA |
|
11 3721-1077 |
|
VETEC QUIMICA FINA LTDA |
|
21 3125-1920 |
|
PAYMENT HISTORY: |
|
06 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 25.993,00 |
|
|
|
AMOUNT OF INVOICES PAID: 30 |
|
TOTAL OF PROMPT PAYMENTS: 78,2% |
|
TOTAL OF DELAYED PAYMENTS: 20,2% |
|
|
|
HIGHEST INVOICE: R$ 2.184,00 |
|
HIGHEST CREDIT: R$ 2.184,00 |
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.
DESPITE SOME NEGATIVE RATIOS SHOWN A CREDIT LIMIT OF US$ 300.000,00 MAY
BE CONSIDERED. FOR HIGHER AMOUNTS IT IS RECOMMENDED SOME CAUTION.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.28 |
|
|
1 |
Rs.103.67 |
|
Euro |
1 |
Rs.85.18 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.