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Report Date : |
04.06.2014 |
IDENTIFICATION DETAILS
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Name : |
PAMEX IMPORTACAO E EXPORTACAO DE MINERAIS LTDA - EPP. |
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Registered Office : |
Rua Luiz Ribeiro,28 -
Sao Judas Tadeu 35.796-000 - Inimutaba/MG |
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Country : |
Brazil |
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Date of Incorporation : |
11.08.2008 |
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Legal Form : |
Limited Liability Company |
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LINE OF BUSINESS : |
IMPORT AND EXPORT OF MINERALS |
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No. of Employees |
15 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – March 31, 2014
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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Brazil |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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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
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Source
: CIA |
PAMEX IMPORTACAO E
EXPORTACAO DE MINERAIS LTDA - EPP.
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MAIN ADDRESS: |
RUA LUIZ RIBEIRO,28 - SAO JUDAS TADEU |
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ZIP CODE/CITY: |
35.796-000 - INIMUTABA/MG |
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PHONE: |
38 3723-1138 |
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E-MAIL: |
goiex@uol.com.br |
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BRANCHES: |
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NOT AVAILABLE. |
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MAIN ACTIVITIES: |
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IMPORT AND EXPORT OF MINERALS. |
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LEGAL FORM: |
LIMITED LIABILITY COMPANY |
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INCORPORATION DATE: |
11/08/2008 |
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REGISTER DATE: |
11/08/2008 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
10.306.029/0001-50 |
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STATE REGISTER: |
001.087.753.00-9 |
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SHARE CAPITAL: |
R$ 100.000,00 |
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BOARD OF DIRECTORS: |
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PAULO FERREIRA PALMIERI |
MANAGER |
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MARCELO MARTINS GARCIA |
MANAGER |
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THE MANAGERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS / PARTNERS: |
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HANS FABIAN GISBERT JOACHIM KRUSE |
R$ 50.000,00 |
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FRANCISCO PALMIERI NETO |
R$ 49.000,00 |
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DENISE NOTARI RODRIGUES PALMIERI |
R$ 1.000,00 |
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AFFILIATES / SUBSIDIARIES: |
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GOIEX COMERCIAL EXPORTADORA LTDA |
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THE SUBJECT WAS ESTABLISHED ON AUGUST 11, 2008 TO BE ENGAGED IN THE SAID LINE OF BUSINESS. PARTNERS: HANS FABIAN GISBERT JOACHIM KRUSE: GERMAN, MARRIED, HOLDER OF DOCUMENTS CPF 018.900.926-81, PASSPORT 132824150, RESIDENTIAL ADDRESS AT BRAHMSALLEE 101 - D-20144 - HAMBURG, GERMANY. FRANCISCO PALMIERI NETO: BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS CPF 072.968.197-15, RG 1.759.167 DESP/RJ, RESIDENTIAL ADDRESS AT RUA OSCAR VALDETARO 94, APTO 703, RIO DE JANEIRO/RJ. DENISE NOTARI RODRIGUES PALMIERI: BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS CPF 018.377.907-01, RG 20.072.655-2 SSP/RJ, RESIDENTIAL ADDRESS AT RUA CORONEL VEIGA 702 - BLOCO 3, APTO 102, PETROPOLIS/RJ. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
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PUBLIC INFORMATION: |
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LAWSUITS: |
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DATE: |
COURT OF LAW: |
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1 |
FEDERAL LAWSUIT |
25/09/13 |
VARA DE CURVELO/MG |
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1 |
EXECUTIVE LAWSUIT |
22/07/13 |
2Ş VARA DE CURVELO/MG |
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DUE TO ITS LEGAL FORM SUBJECT IS NOT OBLIGED TO PUBLISH BALANCE SHEET INFORMATION. WHEN INTERVIEWED SOURCES AT THE SUBJECT STATED NO BALANCE SHEET INFORMATION IS AVAILABLE. THE SUBJECT FILES THE ACCOUNTS THROUGH AN ACCOUNTANCY PROCEEDING NAMED "LUCRO PRESUMIDO" (PRESUMED PROFIT) WHICH EXEMPTS IT OF BUILDING UP BALANCE SHEET OR ANY OTHER BOOKING PROCEEDINGS WHICH ARE USUAL FOR COMPANIES WHICH FILE ACCOUNTS THROUGH THE ACCOUNTANCY PROCEEDING NAMED "LUCRO REAL" (REAL PROFIT). DUE TO THAT REASON, THE SUBJECT HAS NO BALANCE SHEET INFORMATION TO PROVIDE BUT HAS DISCLOSED THE FOLLOWING FIGURES REGARDING ITS SALES: |
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MONTHLY SALES |
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2014 |
2013 |
2012 |
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--------------------- |
--------------------- |
--------------------- |
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JANUARY |
R$ 12.000,00 |
R$ 122.155,92 |
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FEBRUARY |
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R$ 98.000,00 |
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MARCH |
R$ 128.920,00 |
R$ 61.180,21 |
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APRIL |
R$ 106.560,00 |
R$ 54.668,48 |
R$ 189.033,76 |
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MAY |
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R$ 72.143,30 |
R$ 107.870,40 |
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JUNE |
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R$ 40.520,31 |
R$ 188.636,44 |
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JULY |
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R$ 221.139,93 |
R$ 152.064,00 |
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AUGUST |
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R$ 52.813,92 |
R$ 213.206,40 |
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SEPTEMBER |
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R$ 103.108,22 |
R$ 106.656,00 |
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OCTOBER |
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R$ 21.626,52 |
R$ 254.274,40 |
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NOVEMBER |
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R$ 133.493,45 |
R$ 123.510,48 |
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DECEMBER |
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R$ 16.563,60 |
R$ 124.294,22 |
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TOTAL |
R$ 247.480,00 |
R$ 899.413,86 |
R$ 1.557.546,10 |
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EXCHANGE RATE: |
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US$ 1,00 = R$ 2,23 |
- OFFICIAL RATE ON 30/05/2014 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
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IN THE ABSENCE OF FURTHER FINANCIAL DATA WE ARE NOT ABLE TO ACCESS THE SUBJECT FINANCIAL STANDING BY THE USUAL STANDARDS. ALL THAT WE CAN REPORT IS THAT SUBJECT HAS A SMALL SCALE OF ACTIVITIES AND A LOW FINANCIAL STRENGTH. ACCORDING TO THE RULES OF THE ACCOUNTANCY PROCEEDING FOLLOWED BY THE SUBJECT, IT COLLECTS THE TAXES, WHICH ARE DUE OVER THE GROSS SALES AMOUNT. THE TAXES SHOULD BE COLLECTED EITHER WITH PROFIT OR LOSS AT THE END OF THE FISCAL YEAR. REGARDING THE RULES OF THE ABOVE SAID PROCEEDING IT MAY BE POSSIBLE TO STATE THAT COMPANIES WHICH FILE ACCOUNTS THROUGH THIS PROCEEDING ARE PROFITABLE COMPANIES. IT IS STATED BECAUSE THE MAIN DIFFERENCE OF THE PROCEEDING NAMED "LUCRO REAL" AND THE ONE NAMED "LUCRO PRESUMIDO" IS THAT IN THE FIRST THE COMPANY ONLY PAYS INCOME TAX WHEN IT HAS PROFIT AT THE END OF THE FISCAL YEAR, WHILE IN THE LAST THE COMPANY PAYS INCOME TAX REGARDLESS IT HAS PROFIT OR LOSS. THEREFORE, IF ANY COMPANY WHICH ADOPTS THE "PRESUMED PROFIT" PROCEEDING WAS NOT PROFITABLE IT WOULD BE A BETTER OPTION TO FILE ACCOUNTS THROUGH THE "LUCRO REAL" PROCEEDING BECAUSE IN THIS PROCEEDING TAXES ARE DUE ONLY WHEN PROFITABLE RESULTS ARE MET. IN CASE OF LOSSES NO INCOME TAX IS DUE. IN SHORT, COMPANIES, WHICH FILE ACCOUNTS THROUGH "LUCRO PRESUMIDO" PROCEEDING, ARE USUALLY PROFITABLE COMPANIES. |
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REAL ESTATE: |
NOT AVAILABLE
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VEHICLES: |
NOT AVAILABLE
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MACHINES: |
NOT AVAILABLE
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NOT AVAILABLE. |
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BRANCH/PHONE: |
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BANCO BRADESCO S/A |
2606 / 21 3003-8585 |
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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 NOT RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682 BRAZILIAN CENTRAL BANK").. |
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IMPORT AND EXPORT OF MINERALS. |
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IMPORT AND EXPORT: |
IMPORTS FROM:
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GERMANY AND UNITED STATES. |
EXPORTS TO:
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NOT AVAILABLE. |
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STAFF: |
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THE COMPANY HAS: 15 EMPLOYEE(S) |
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THE SUBJECT WAS ESTABLISHED IN 2008. 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. 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. |
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MAIN SUPPLIERS: |
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DOMESTIC SUPPLIERS: |
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PHONE: |
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FOUTRADE CORRETORA DE CAMBIO |
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21 3316-3065 |
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SACARIA MOREIRA |
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21 2660-5520 |
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FOREIGN SUPPLIERS: |
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HO HO GEMS CO. |
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MORIMURA BROTHRES INC |
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OPC O. PRIESS & CO. |
GERMANY |
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STRICKLAND ENTERPRISES |
UNITED STATES |
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PAYMENT HISTORY: |
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1 SUPPLIER REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 989,00 |
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AMOUNT OF INVOICES PAID: 2 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 592,00 |
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HIGHEST CREDIT: R$ 592,00 |
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BASED ON THE GENERAL INFORMATION AVAILABLE IT IS BELIEVED THAT GOOD TRADE RELATIONS MAY BE ESTABLISHED. CREDIT FACILITIES AT ITS TURN, SHOULD BE LIMITED TO SMALL AMOUNTS ONLY OR BE CARRIED OUT IN FULLY SECURED TERMS AS THE SUBJECT HAS A LOW FINANCIAL POWER.. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.59.21 |
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1 |
Rs.99.17 |
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Euro |
1 |
Rs.80.56 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIS |
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 |
-- |
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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.