MIRA INFORM REPORT

 

 

Report Date :

02.07.2014

 

IDENTIFICATION DETAILS

 

Name :

LABORATÓRIO GLOBO LTDA.

 

 

Registered Office :

Rodovia Mg 424, S/Nº, KM 8,8 - Zona Rural, 33350-000 - São Jose Da Lapa/MG

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

18.01.1954

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of Pharmaceuticals.

 

 

No. of Employees :

414

 

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

Payment Behaviour :

Slow but correct

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 – March 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

Brazil

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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

 

LABORATÓRIO GLOBO LTDA.

 

 

ADDRESSES

 

MAIN ADDRESS:

RODOVIA MG 424, S/Nº, KM 8,8 - ZONA RURAL

ZIP CODE/CITY:

33350-000 - SÃO JOSE DA LAPA/MG

 

 

PHONE:

31 3623-3500

FAX:

31 3623-3500

E-MAIL:

financeiro1@laboratorioglobo.com.br

WEB SITE:

www.laboratorioglobo.com.br

 

BRANCHES:

 

DOES NOT HAVE.

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF PHARMACEUTICALS.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

18/01/1954

REGISTER DATE:

29/01/1954

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

17.115.437/0001-73

STATE REGISTER:

763.116599.0091

 

 

SHARE CAPITAL:

R$ 40.000.032,00

LAST REGISTER OF CAPITAL:

07/11/2012

 

BOARD OF DIRECTORS:

 

 

 

GEOVANE MAURILIO DA SILVA

MANAGER

PAULO MONTEIRO LOPES FILHO

MANAGING PARTNER

ADRIANA LACERDA GARCIA

MANAGING PARTNER

ANA PAULA CAMPOS MONTEIRO FONSECA

MANAGING PARTNER

 

AUTHORIZED USE OF SIGNATURE

 

THE MANAGER AND MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

NEUZA CAMPOS MONTEIRO

25,000%

MARIA LINA GARCIA LACERDA

25,000%

ANA PAULA CAMPOS MONTEIRO FONSECA

8,333%

PAULO MONTEIRO LOPES FILHO

8,333%

VIVIANE CAMPOS MONTEIRO

8,333%

SILVIA LACERDA GARCIA

8,333%

ADRIANA LACERDA GARCIA

8,333%

PAULO HENRIQUE G LACERDA

8,333%

 

AFFILIATES / SUBSIDIARIES:

 

 

 

GALIA FARMACEUTICA LTDA

 

NACIONAL HOSPITATAR LDA

 

AREIAO SANTA LUZIA LTDA ME

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED AND STARTED ITS ACTIVITIES ON JANUARY 18, 1954. SINCE ITS FOUNDATION IN 1954 IT OPERATES IN THE SAME LINE OF BUSINESS AND OPERATES UNDER THE CONTROL OF THE FOUNDER PARTNERS.

 

THE COMPANY OPERATES WITH THE TRADE NAME LABORATÓRIO GLOBO. IT HAS GOVERNMENT AUTHORIZATION THROUGH A GOVERNMENT BODY NAMED SUS SISTEMA ÚNICO DE SAÚDE, ("UNIQUE HEALTHY SISTEM") TO OPERATE AS A PHARMACEUTICAL LABORATORY.

 

PARTNERS/MANAGERS:

 

MARIA LINA GARCIA LACERDA: BRAZILIAN, MARRIED, TEACHER, RESIDENTIAL ADDRESS AT RUA MARTIM DE CARVALHO 256, APTO 1401, BELO HORIZONTE, MG, HOLDER OF DOCUMENTS CPF: 548.950.146-49 AND RG M-3.034.100 SSP/MG;

 

PAULO MONTEIRO LOPES FILHO: BRAZILIAN, MARRIED, ADMINISTRATOR, RESIDENTIAL ADDRESS AT RUA HERCULANO DE FREITAS, 138, APTO 1300, HOLDER OF DOCUMENTS CPF: 770.996.806-68 AND RG M-3.634.575, SSP/MG;

 

ADRIANA LACERDA GARCIA: BRAZILIAN, MARRIED, ECONOMIST, RESIDENTIAL ADDRESS AT RUA GONÇALVES DIAS 2579, APTO 700, BELO HORIZONTE/MG, HOLDER OF DOCUMENTS CPF: 031.157.386-09 AND RG M-7.155.618 SSP/MG;

 

ANA PAULA CAMPOS MONTEIRO FONSECA: BRAZILIAN, MARRIED, ADMINISTRATOR, RESIDENTIAL ADDRESS AT RUA THOMAZ GONZAGA, 657, APTO 1001, BELO HORIZONTE/MG, HOLDER OF DOCUMENTS CPF: 747.129.856-15 AND RG M-4.040.115 SSP/MG;

 

NEUZA CAMPOS MONTEIRO: BRAZILIAN, WIDOW, ADMINISTRATOR, RESIDENTIAL ADDRESS AT RUA ALVARENGA PEIXOTO 300, APTO 301, BELO HORIZONTE/MG, HOLDER OF DOCUMENTS CPF: 040.782.816-80 AND RG M-1.468.149 SSP-MG.

 

VIVIANE CAMPOS MONTEIRO: BRAZILIAN, MARRIED, ADMINISTRATOR, RESIDENTIAL ADDRESS AT RUA MATIAS CARDOSO 236, APTO 1304, BELO HORIZONTE/MG, HOLDER OF DOCUMENTS CPF: 976.599.406-00 AND RG M-6.070.628 SSP-MG.

 

SILVIA LACERDA GARCIA: BRAZILIAN, WIDOW, ADMINISTRATOR, RESIDENTIAL ADDRESS AT AV. BARBACENA 1330, APTO 1401, BELO HORIZONTE/MG, HOLDER OF DOCUMENTS CPF: 908.197.306-10 AND RG M-6.304.767 SSP-MG.

 

PAULO HENRIQUE G LACERDA: BRAZILIAN, MARRIED, ADMINISTRATOR, RESIDENTIAL ADDRESS AT RUA OSCAR TROMPOWSKY 565, APTO 601, BELO HORIZONTE/MG, HOLDER OF DOCUMENTS CPF: 037.496.056-96 AND RG M-10.713.909 SSP-MG.

 

FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN.

 

PUBLIC INFORMATION:

 

NO DETRIMENTAL FILES WERE FOUND.

 

 

FINANCIAL INFORMATION

 

GENERAL BALANCE SHEETS AS OF 31/12/2013, 31/12/2012 AND 31/12/2011.

( FIGURES ARE IN REAIS ).

 

ASSETS

 

 

 

CURRENT:

31/12/2013

31/12/2012

31/12/2011

 

 

 

 

CASH AND CASH EQUIVALENTS

676.400,33

1.099.505,33

613.967,34

INVESTMENTS

4.370.139,90

324.656,08

83.056,12

CLIENTS

23.113.796,23

24.179.288,61

25.006.465,72

INVENTORY

14.095.680,61

18.065.717,40

15.436.896,72

ADVANCE TO SUPPLIERS

58.232,19

258.228,76

345.510,70

RECOVERABLE TAXES

1.041.528,73

642.983,84

1.208.952,03

OTHER ADVANCES

13.024,93

21.453,11

22.540,14

OTHER CREDITS

1.571.059,81

928.015,93

250.772,24

 

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

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

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

TOTAL CURRENT ASSETS

44.939.862,73

45.519.849,06

42.968.161,01

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

JUDICIAL DEPOSITS

12.016,46

10.516,46

4.808,65

 

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

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

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

TOTAL LONG-TERM RECEIVABLES

12.016,46

10.516,46

4.808,65

 

FIXED ASSETS:

 

 

 

 

 

 

 

FIXED ASSETS

26.099.588,24

24.999.242,04

26.074.636,20

 

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

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

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

TOTAL FIXED ASSETS

26.099.588,24

24.999.242,04

26.074.636,20

 

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

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

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

TOTAL ASSETS

71.051.467,43

70.529.607,56

69.047.605,86

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2013

31/12/2012

31/12/2011

 

 

 

 

SUPPLIERS

4.145.903,70

3.177.471,86

2.897.325,87

LOANS AND FINANCING

2.367.470,69

3.568.570,32

3.527.751,77

SOCIAL OBLIGATIONS

257.571,19

259.379,28

251.619,18

TAX LIABILITIES

638.825,02

461.841,91

1.420.892,13

LABOR OBLIGATIONS

870.719,49

900.910,81

906.093,62

ADVANCE FROM CLIENTS

49.501,22

 

109.364,63

INCOME TAX/SOCIAL CONTRIBUTION

717.082,67

1.824.071,30

3.476.794,00

OTHER

 

1.399,71

 

 

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

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

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

TOTAL CURRENT LIABILITIES

9.047.073,98

10.193.645,19

12.589.841,20

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

LOANS AND FINANCING

1.977.538,36

2.741.493,53

3.905.666,82

 

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

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

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

TOTAL LONG TERM LIABILITIES

1.977.538,36

2.741.493,53

3.905.666,82

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

40.000.032,00

40.000.032,00

5.150.000,00

REVALUATION RESERVES

596.328,76

596.328,76

596.328,76

ACCRUED PROFIT (LOSS)

19.430.494,33

16.998.108,08

46.805.769,08

 

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

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

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

TOTAL NET EQUITY

60.026.855,09

57.594.468,84

52.552.097,84

 

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

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

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

TOTAL LIABILITIES

71.051.467,43

70.529.607,56

69.047.605,86

 

PROFIT AND LOSS ACCOUNTS AS OF 31/12/2013, 31/12/2012 AND 31/12/2011.

( FIGURES ARE IN REAIS ).

 

 

31/12/2013

31/12/2012

31/12/2011

 

 

 

 

GROSS SALES

70.476.522,03

72.027.499,02

72.787.616,33

(-) TAXES ON SALES

8.369.032,98

8.933.615,24

9.732.372,62

 

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

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

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

NET SALES

62.107.489,05

63.093.883,78

63.055.243,71

(-) COST OF SOLD GOODS

37.173.100,73

34.853.344,11

30.031.671,39

 

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

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

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

GROSS PROFIT

24.934.388,32

28.240.539,67

33.023.572,32

OPERATING REVENUE (EXPENSE)

-15.797.498,72

-15.373.138,75

-15.155.482,22

FINANCIAL REVENUE(EXPENSE)

-753.976,15

-966.877,88

-1.061.816,11

 

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

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

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

OPERATIONAL PROFIT (LOSS)

8.382.913,45

11.900.523,04

16.806.273,99

NON-OPERATING RESULT

19.135,07

69.449,05

15.833,78

CONTRIBUTION/INCOME TAX

-2.891.397,57

-3.977.601,09

-5.709.963,06

 

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

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

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

NET PROFIT (LOSS)

5.510.650,95

7.992.371,00

11.112.144,71

 

RATIOS:

31/12/2013

31/12/2012

31/12/2011

 

QUICK RATIO

3,41

 

2,69

 

2,19

 

CURRENT RATIO

4,97

 

4,47

 

3,41

 

ACCOUNTS RECEIVABLE TURNOVER

2,69

TIMES

2,61

TIMES

2,52

TIMES

DAYS' SALES IN RECEIVABLES

133,98

DAYS

137,96

DAYS

142,77

DAYS

INVENTORY TURNOVER

2,64

TIMES

1,93

TIMES

1,95

TIMES

ACCOUNTS PAYABLE PERIOD

40,15

DAYS

32,82

DAYS

34,73

DAYS

RETURN ON ASSETS

,87

TIMES

,89

TIMES

,91

TIMES

SALES TURNOVER ON NET EQUITY

1,03

TIMES

1,10

TIMES

1,20

TIMES

NET WORTH TIE-UP

,43

 

,43

 

,50

 

INDEBTEDNESS

,18

 

,22

 

,31

 

EQUITY RATIO

84,48

%

81,66

%

76,11

%

WORKING CAPITAL RATIO

396,73

%

346,55

%

241,29

%

GENERAL SOLVENCY

6,44

 

5,45

 

4,19

 

RETURN ON NET EQUITY

9,18

%

13,88

%

21,15

%

RETURN ON SALES (PROFIT MARGIN)

8,87

%

12,67

%

17,62

%

GROSS PROFIT MARGIN

40,15

%

44,76

%

52,37

%

OPERATIONAL RESULT

13,50

%

18,86

%

26,65

%

SALES TURNOVER ON LIABILITIES

6,86

TIMES

6,19

TIMES

5,01

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,20

 - OFFICIAL RATE

US$ 1,00 = R$ 2,34

 - 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 FIGURES AVAILABLE SHOW A GOOD FINANCIAL STANDING. IT SHOWS HIGH LIQUIDITY RATIOS AND GOOD WORKING CAPITAL, AS WELL AS LEVEL OF INDEBTEDNESS. SALES DROPPED BUT POSTED PROFIT.

 

 

REAL ESTATE:

 

  OWNED PREMISES ARE VALUED AT R$ 8.496.529,95

 

DETAIL OF OWNED REAL ESTATE PARTNER:

 

TYPE:

OTHERS

VALUE:

R$ ,00

REMARKS:

THE COMPANY OWNS BUILDINGS VALUED AT R$ 4.912.452,75 AND LANDS VALUED AT R$ 72.640,00.

 

VEHICLES:

 

 OWNED VEHICLES ARE VALUED AT R$ 306.822,35

 

MACHINES:

 

  OWNED MACHINES AND EQUIPMENT ARE VALUED AT R$ 24.012.621,38

 

 

INSURANCE

 

INSURANCE COMPANY:

TOKIO MARINE SEGURADORA

COVERAGE:

FIRE

EXPIRATION:

07/2013

VALUE:

R$ 44.025.000,00

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

CITY:

BANCO DO BRASIL S/A

31 3299-7900

BELO HORIZONTE/MG

BANCO ITAÚ S/A

31 3249-3655

BELO HORIZONTE/MG

BANCO SANTANDER S/A

31 3269-6887

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").

 

ACTIVITIES COMMENTS

 

MANUFACTURE OF MEDICINES FOR HUMAN USAGE.

IMPORT AND EXPORT:

 

  IMPORTS FROM:

SWITZERLAND, HONG KONG, GERMANY, ITALY, BRITISH VIRGIN ISLANDS, SPAIN, BELGIUM AND DENMARK

 

 EXPORTS TO:

BOLIVIA.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

PHONE:

BONIFIK DISTRIB PRODS FARMACÊUTICOS LTDA

 

13 3232-9262

CERVOSUL DISTRUB. DE MEDICAMENTOS LTDA

 

51 3230-4000

DISTRIB VIANA GOMES LTDA

 

75  623-6612

GALINDO REPRESENTAÇÕES LTDA

 

81 3343-8999

J.S. CUNHA

 

93  523-1958

MOITA GARCÊS DISTRIB. LTDA

 

92  663-6436

MULTIMED DISTRIBUIDORA MED. LTDA

 

47 3334-1818

N.J.A SOUZA E CIA LTDA

 

93  523-1958

UNIÃO COMERCIAL LTDA

 

91  276-0434

UNIGARRA DISTRIBUIDORA MED. PERFUMARIA LTDA

 

21 3757-8556

 

STAFF:

 

THE COMPANY HAS: 414 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS AN OLD-ESTABLISHED COMPANY, OPERATING SINCE 1954. 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 ARE NOTED.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

PHONE:

AGRO QUIMICA MARINGA S/A

 

 

ANALITICA LTDA

 

31 3481-2155

CARTOGRÁFICA FÊNIX LTDA

 

31  443-5005

CIEL - CONFIANÇA IMP. E EXP. LTDA

 

21 3535-9550

DINALAB COMÉRCIO IMP. E EXP. LTDA

 

11 5588-9000

GENIX INDUSTRIA FARMACEUTICA LTDA

 

62 3316-2222

GIMBA SUPRIM ESCRIT INFORMAT LTDA

 

 

HOLCIM BRASIL S/A

 

 

PAULU´S GRAF EMBALAGENS LTDA

 

31 3426-1224

PB PONTO DO BOMBEIRO MAT HIDR LTDA

 

 

PRINT COMPANY LTDA

 

31 3488-1455

SUPERMIX COML S/A

 

 

VALDEQUIMICA PRODUTOS QUÍMICOS LTDA

 

11 3721-1077

WHEATON DO BRASIL IND E COM LTDA

 

11 4351-4433

 

 

FOREIGN SUPPLIERS:

COUNTRY:

PHONE:

AARTHI DRUGS LTD

INDIA

022 407 34 62

ACG PAM PAC MACH PHARMA TECH PVT LTD

INDIA

912230780700

ALLPHARMA RESEARCH S.L.

SWITZERLAND

 

CADILA HEALTHCARE LIMITED

INDIA

(91 79) 2686 8100

CHEMPHAR

HONG KONG

 

ERWEKA GMBH

GERMANY

(06104) 6903-0

FARMABIOS SPA

ITALY

 

FERSINSA GIST-BROCADES S.A DE C.V

 

 

HOMESTEAD INTERNACIONAL COMPANY CO

BRITISH VIRGIN ISLAN

 

IMPEX QUIMICA

SPAIN

 

MEDILON E CO N.V

BELGIUM

 

MEDIPHARM LTD A.S

DENMARK

 

SELECTCHEMIE AG

SWITZERLAND

41(0) 14879611

SUPOR PHARMACEUTICALS CO. LTD.

 

 

 

PAYMENT HISTORY:

 

11 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 116.560,00

 

AMOUNT OF INVOICES PAID: 41

TOTAL OF PROMPT PAYMENTS: 93,5%

TOTAL OF DELAYED PAYMENTS: 6,5%

 

HIGHEST INVOICE: R$ 34.072,00

HIGHEST CREDIT: R$ 34.072,00

 

 

FINAL OPINION

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS. UP TO DATE IT HAS A NORMAL FINANCIAL STANDING, 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

S Dollar

1

Rs.60.14

UK Pound

1

Rs.102.83

Euro

1

Rs.82.28

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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%)

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.