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Report Date : |
27.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
FORTITECH SOUTH AMERICA INDUSTRIAL E COMERCIAL LTDA |
|
|
|
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Registered Office : |
Rodovia Santos Dumont Sp 075, Km 68 Pista Norte Bairro
Viracopos |
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Country : |
Brazil |
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Date of Incorporation : |
13.04.1995 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture, import, export and distribution of nutrient
products |
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|
|
|
No. of Employees |
Not Available |
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 |
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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 – 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 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate 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 |
FORTITECH SOUTH
AMERICA INDUSTRIAL E COMERCIAL LTDA
|
MAIN ADDRESS: |
RODOVIA SANTOS DUMONT SP 075, KM 68 PISTA NORTE BAIRRO VIRACOPOS |
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ZIP CODE/CITY: |
13053-050 - CAMPINAS/SP |
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PHONE: |
19 3765-8900 |
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E-MAIL: |
danilo.silva@dsm.com |
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WEB SITE: |
www.fortitech.com |
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BRANCHES: |
|
NOT AVAILABLE. |
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MAIN ACTIVITIES: |
|
MANUFACTURE, IMPORT, EXPORT AND DISTRIBUTION OF NUTRIENT PRODUCTS |
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LEGAL FORM: |
LIMITED LIABILITY COMPANY |
|
|
|
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INCORPORATION DATE: |
13/04/1995 |
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REGISTER DATE: |
13/04/1995 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
00.558.202/0001-53 |
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STATE REGISTER: |
244.537.961.111 |
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|
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SHARE CAPITAL: |
R$ 18.150.000,00 |
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LAST REGISTER OF CAPITAL: |
12/09/2002 |
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BOARD OF DIRECTORS: |
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|
|
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JUAREZ ANTONIO FAIRON RECH |
MANAGING PARTNER |
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MARTINIANO BIANCHINI MEDINA BRAGA |
MANAGER |
|
DANIELA ROBERTA DA SILVA |
MANAGER |
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THE MANAGING PARTNER AND MANAGERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS / PARTNERS: |
|
|
|
|
|
FORTITECH, INC (USA) |
R$ 18.149.999,00 |
|
JUAREZ ANTONIO FAIRON RECH |
R$ 1,00 |
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AFFILIATES / SUBSIDIARIES: |
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A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR PARTNERS HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
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SERRAFINA CONSULTORIA EM QUALIDADE DE VIDA LTDA |
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DSM PRODUTOS NUTRICIONAIS BRASIL LTDA |
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|
DSM SOUTH AMERICA LTDA |
|
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GRIFE TORTUGA ARTIGOS DO VESTUARIO E CONVENIENCIAS LTDA. |
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THE SUBJECT WAS ESTABLISHED ON APRIL 13, 1995 AS FORTITECH SOUTH AMERICA COMERCIAL LTDA. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON MARCH 1, 2003 IT ADOPTED THE ABOVE MENTIONED NAME. TRADE NAME: FORTITECH PARTNERS AND MANAGERS: FORTITECH INC,: HEADQUARTERED AT RIVERSIDE TECHNOLOGY PARK, 2105 TECHNOLOGY D RIVE, SCHENECTADY, UNITED STATES; JUAREZ ANTONIO FAIRON RECH: BRAZILIAN, HOLDER OF DOCUMENTS CPF: 291.928.380-49 AND RG 37.587.328-4, RESIDENTIAL ADDRESS AT RUA FLORINDA MARTINUCCI ROMANETTI, 62, ZIP CODE 13278-370, VALINHOS/SP; MARTINIANO BIANCHINI MEDINA BRAGA: BRAZILIAN, HOLDER OF DOCUMENTS CPF 161.343.338-75 AND RG 20.621.713-4-SP, WITH ADDRESS AT RODOVIA SANTOS DUMONT, SP 075, S/Nº. KM 68, PISTA NORTE, VIRACOPOS, ZIP CODE 13054-200, CAMPINAS/SP; DANIELA ROBERTA DA SILVA: BRAZILIAN, HOLDER OF DOCUMENTS CPF 137.699.558-11 AND RG 23.072.741-4-SP, WITH ADDRESS AT RODOVIA SANTOS DUMONT, SP 075, S/Nº. KM 68, PISTA NORTE, VIRACOPOS, ZIP CODE 13054-200, CAMPINAS/SP FURTHER DETAILS ARE SO FAR NOT KNOWN. WHEN INTERVIEWED SOURCES AT THE SUBJECT STATED THAT ARE STILL WAITING FOR AUTHORIZATION FROM THE PRINCIPALS TO PROVIDE THE DATA NECESSARY TO COMPLETE THIS REPORT. A REQUEST FOR FURTHER DATA HAS BEEN SENT TO THE COMPANY. PROVIDED THE DATA REQUESTED ARE RECEIVED FROM THE SUBJECT A COMPLEMENTARY REPORT WILL BE SENT TO YOUR ATTENTION. THE DATA CONTAINED HEREIN WERE OBTAINED FROM OUTSIDE SOURCES, OUR DATABASE AND OFFICIAL. NO FURTHER DATA WAS AVAILABLE WITH SEVERAL SOURCES USUALLY INVESTIGATED. |
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PUBLIC INFORMATION: |
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NO DETRIMENTAL FILES WERE FOUND. |
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DUE TO THE SUBJECT'S LEGAL FORM, IT IS NOT OBLIGED TO PUBLISH THE BALANCE SHEET INFORMATION. WHEN INTERVIEWING SOURCES AT THE SUBJECT COMPANY DECLINED TO PROVIDE ANY KIND OF FINANCIAL INFORMATION AS THEY ARE STILL NOT AUTHORIZED TO DO SO. OUR INVESTIGATION THROUGH THE OUTSIDE SOURCES SHOWED NO FINANCIAL DATA ABOUT THE SUBJECT. |
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EXCHANGE RATE: |
|
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US$ 1,00 = R$ 2,20 |
- OFFICIAL RATE ON 25/06/2014 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
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IN THE ABSENCE OF FINANCIAL INFORMATION NO COMMENTS CAN BE MADE ABOUT THE SUBJECT'S CURRENT FINANCIAL STANDING. |
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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: |
CITY: |
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BANCO BRADESCO S/A |
19 3735-1233 |
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BANCO ITAUBANK S/A |
19 3234-2633 |
CAMPINAS/SP |
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BANCO ITAÚ (UNIBANCO) S/A |
AG: 4871 |
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BANCO ITAU S/A |
19 3003-8795 |
CAMPINAS/SP |
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BANK OF AMERICA MERRILL LYNCH BANCO MULTIPLO S/A |
1306 |
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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 NO RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682 BRAZILIAN CENTRAL BANK"). |
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SUBJECT IS ENGAGED IN THE MANUFACTURE, IMPORT, EXPORT AND DISTRIBUTION OF NUTRIENT PRODUCTS. |
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IMPORT AND EXPORT: |
IMPORTS FROM:
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GERMANY, UNITED STATES AND ENGLAND. |
EXPORTS TO:
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NIGERIA AND SOUTH AMERICA COUNTRIES. |
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MAIN CLIENTS: |
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DOMESTIC CLIENTS: |
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PHONE: |
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MEAD JOHNSON DO BRASIL COM. E IMP. PROD. LTDA |
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11 3882-2000 |
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NESTLÉ BRASIL LTDA |
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11 5508-9540 |
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NOVARTIS BIOCIÊNCIAS S/A |
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21 2414-4129 |
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PEPSICO DO BRASIL LTDA |
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51 3222-6544 |
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TRÊS CORAÇÕES ALIMENTOS S/A |
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UNILEVER BRASIL INDL. LTDA |
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FOREIGN CLIENTS: |
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PHONE: |
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NESTLE RETIONAL PROCUREMENT SERVICES |
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56-2-338-4192 |
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STAFF: |
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NOT AVAILABLE |
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THE SUBJECT HAS BEEN OPERATING SINCE 1995. SO FAR IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOR. 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. |
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MAIN SUPPLIERS: |
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DOMESTIC SUPPLIERS: |
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PHONE: |
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AJINOMOTO INTERAMERICANA IND. E COM. LTDA |
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11 5080-6740 |
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ASTARIS BRASIL LTDA |
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BASF S/A |
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11 3043-2380 |
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BUSCHLE & LEPPER S/A |
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CARGIL AGRICOLA S/A |
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11 5099-3059 |
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CORN PRODUCTS BRASIL LTDA |
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DELAMANO MAT ELETRICOS LTDA |
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DSM PRODUTOS NUTRICIONAIS BRASIL LTD |
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IQ SOLUÇÕES & QUÍMICA S/A |
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MERCK S/A INDUSTRIAS QUÍMICAS BRASIL |
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11 3346-8578 |
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MOGIANA ALIM S/A |
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PLURY QUÍMICA LTDA |
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RAI INGREDIENTES AROMAS E FRAGANCIAS LTDA |
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RAI INGREDIENTES INDUSTRIAL LTDA |
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11 4176-9507 |
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SOLUTECH IND. E COMERCIO DE ING. ALIM. LTDA |
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11 3812-5655 |
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SPRINGER CARRIER LTDA |
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TECH DATA BRASIL LTDA |
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VICK COM PLAST ISOLANTES LTDA |
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FOREIGN SUPPLIERS: |
COUNTRY: |
|
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ATLANTIC CHEMICAL COMPANY |
USA / EUROPE |
|
|
CNE PHARMA |
CANADA |
|
|
LONZA LTD |
SWITZERLAND |
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PAYMENT HISTORY: |
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07 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 53.872,00 |
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AMOUNT OF INVOICES PAID: 23 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 5.844,00 |
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HIGHEST CREDIT: R$ 5.844,00 |
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BASED ON THE OVERALL DATA AVAILABLE THE SUBJECT MAY BE CONSIDERED FOR NORMAL BUSINESS COMMITMENTS. CREDIT FACILITIES HOWEVER SHOULD BE GRANTED ON FULLY SECURED TERMS ONLY DUE TO THE ABSENCE OF FINANCIAL DATA. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.16 |
|
|
1 |
Rs.102.23 |
|
Euro |
1 |
Rs.82.04 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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|
Report Prepared
by : |
NIS |
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 |
|
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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 |
|
|
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 |
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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.