MIRA INFORM REPORT

 

 

Report Date :

15.05.2014

 

IDENTIFICATION DETAILS

 

Name :

SOCER BRASIL INDÚSTRIA E COMÉRCIO LTDA

 

 

Registered Office :

Estrada Do Guarujá,3150 Bloco 01 - Jardim Marília, 13320-902 - Salto/Sp

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

25.11.1996

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

The Subject is Engaged in the Manufacture of Intermediate Chemicals

 

 

No. of Employees

152

 

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 :

No complaints

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, 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

 

SOCER BRASIL INDÚSTRIA E COMÉRCIO LTDA

 

 

ADDRESSES

 

MAIN ADDRESS:

ESTRADA DO GUARUJÁ,3150 BLOCO 01 - JARDIM MARÍLIA

ZIP CODE/CITY:

13320-902 - SALTO/SP

 

 

PHONE:

11 4028-9900

FAX:

11 4028-9900

E-MAIL:

socer@resinasbrasil.com.br

WEB SITE:

www.socer.com.br

 

BRANCHES:

 

 

 

ADDRESS:

ESTRADA MUNICIPAL OLAVO EGYDIO DE SOUZA ARANHA SETUBAL,251 BLOCO B - PONTE ALTA

ZIP CODE/CITY:

18200-000 ITAPETININGA/SP

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF INTERMEDIATE CHEMICALS.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

25/11/1996

REGISTER DATE:

25/11/1996

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

01.593.699/0001-03

STATE REGISTER:

600.044.670.110

 

 

SHARE CAPITAL:

R$ 38.649.655,00

LAST REGISTER OF CAPITAL:

28/01/2014

 

BOARD OF DIRECTORS:

 

 

 

JOSÉ PINTO DA ROCHA JORGE FERREIRA

MANAGING PARTNER

ANTONIO MANUEL HENRIQUES JORGE FERREIRA

MANAGING PARTNER

 

AUTHORIZED USE OF SIGNATURE

 

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

 

SHAREHOLDERS / PARTNERS:

 

 

 

ANTONIO MANUEL HENRIQUES JORGE FERREIRA (PORTUGAL)

R$ 19.707.459,00

VITOR HENRIQUES LAGOA (PORTUGAL)

R$ 18.938.331,00

JOSÉ PINTO DA ROCHA JORGE FERREIRA

R$      3.865,00

 

AFFILIATES / SUBSIDIARIES:

 

 

 

AGRO FORESTAL RS LTDA

 

RESINAS RS LTDA

 

SLB SOC LUSO BRAS EXTRAÇÃO E COMERCIO RESINA LTDA

 

RB SUL INDUSTRIA E COMERCIO LTDA

 

RESPOL RB COMERCIO, IMPORTACAO E EXPORTACAO DE RESINAS LTDA

 

RESIFLOR AGRO FLORESTAL LTDA

 

SOCITEC PARTICIPAÇÕES LTDA

 

RESINAS SAO JOAO LTDA

 

RESINAS SAO JOSE LTDA

 

RESINAS BRASIL INDUSTRIA E COMERCIO LTDA

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON NOVEMBER 25, 1996 TO BE ENGAGED IN THE SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN.

 

APPROXIMATELY A HUNDRED YEARS OF HISTORY HAVE TRANSFORMED SOCER GROUP INTO A REMARKABLE COMPANY WITH WORLDWIDE RECOGNITION. ORIGINATING IN PORTUGAL IN 1910, SOCER GROUP, WHOSE OWNER WAS MR. MANUEL HENRIQUE JUNIOR, BEGAN THE MANUFACTURING AND COMMERCIALIZATION OF COLOPHONY.

 

IN THE 50'S, AFTER THE MERGE WITH TWO OTHER IMPORTANT COMPANIES IN THE PORTUGUESE MARKET: CPR - COMPANHIA DE PRODUTOS RESINOSOS AND CIR - COMPANHIA INDUSTRIAL RESINEIRA AND THE PURCHASE OF ANOTHER IMPORTANT COMPANY IN THIS TRADE, URP - UNIÃO RESINEIRA PORTUGUESA, SOCER GROUP REACHES THE LEADING POSITION IN THE PORTUGUESE MARKET AND BECOMES ONE OF THE MOST IMPORTANT EXPORTERS OF TERPENIC PRODUCTS IN THE MARKET.

 

SINCE THE BEGINNING, SOCER GROUP HAS BEEN IN THE VANGUARD OF THE DEVELOPMENT AND MANUFACTURING OF TERPENE DERIVATIVES AND SEVERAL PARTNERSHIPS WERE MADE THROUGHOUT THIS PERIOD WITH OTHER COMPANIES IN THE WORLD, SUCH AS: SEPULCHRE, REICHOLD, HERCULES, AND HOECHST.

 

AIMING TO INCREASE THEIR BUSINESS SHARE, THE GROUP STARTED TO EXPAND IN 1992, REACHING BRAZIL.  IN 1996, WITHIN A JOINT VENTURE WITH THE GROUP RESINAS BRASIL, THEY PURCHASED THE GUM ROSIN PRODUCTION UNIT FROM THE EUCATEX GROUP AND FOUNDED 'SOCER BRASIL LTDA.', THE COMPANY, WHICH SINCE 2003 UNIFIES THE WHOLE SOCER'S TERPENE PRODUCT MANUFACTURING.

 

IN 2004 BASED ON ITS MARKET PERFORMANCE SOCER BECAME BRAZIL'S SEGMENT LEADER AND LARGEST GUM ROSIN AND TURPENTINE DERIVATIVES EXPORTER WITH A COMPREHENSIVE PRODUCT PORTFOLIO.

 

IN 2007, SOCER WAS INTEGRALLY ACQUIRED BY THE GROUP RESINAS BRASIL AND BECAME PART OF THE LARGEST BRAZILIAN PRODUCER AND EXPORTER GROUP OF ITS MARKET SEGMENT IN LATIN AMERICA.

 

THE CONTACTS WERE MADE THROUGH THE COMPANY RESINAS BRASIL INDÚSTRIA E COMÉRCIO LTDA, PHONE 14 3711-2222.

 

THE COMPANY HAS THE ISO 9001 - 2008 CERTIFICATION.

 

PARTNERS:

 

JOSÉ PINTO DA ROCHA JORGE FERREIRA: BRAZILIAN, HOLDER OF DOCUMENTS CPF 215.669.748-52, RG 534424430, RESIDENTIAL ADDRESS AT AV. PREFEITO PAULO NOVAES 470, AVARE/SP.

 

ANTONIO MANUEL HENRIQUES JORGE FERREIRA: PORTUGUESE, MARRIED, HOLDER OF DOCUMENTS CPF 226.019.568-79, RG V512162-8 CGPI/DIREX/DPF - SP, RESIDENTIAL ADDRESS AT RUA GRECIA 85, AVARE/SP.

 

VITOR HENRIQUES LAGOA: PORTUGUESE, MARRIED, HOLDER OF DOCUMENTS CPF 226.019.638-16, PASSPORT 505576 - SP, RESIDENTIAL ADDRESS AT AV. NOSSA SENHORA DO ROSARIO 1012, CASCAIS, PORTUGAL.

 

FURTHER DETAILS 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

1.034.998,00

7.433,48

4.225,26

BANKS

 

529.586,78

472.744,23

CLIENTS

23.570.184,00

20.978.991,42

16.749.593,01

INVENTORY

13.863.193,00

8.092.484,60

9.133.053,51

ADVANCE TO SUPPLIERS

 

3.311.077,75

3.278.788,65

RECOVERABLE TAXES

7.719.879,00

7.961.811,68

6.379.860,22

JUDICIAL DEPOSITS

 

846.835,30

604.215,12

OTHER CREDITS

515.585,00

76.140,10

 

PRE PAID EXPENSES

180.736,00

131.351,47

95.990,49

INVESTMENTS

 

 

3.090.000,01

ADVANCES

1.124.817,00

 

 

 

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

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

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

TOTAL CURRENT ASSETS

48.009.392,00

41.935.712,58

39.808.470,50

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

DEFERRED TAXES

2.512.633,00

 

 

 

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

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

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

TOTAL LONG-TERM RECEIVABLES

2.512.633,00

 

 

 

FIXED ASSETS:

 

 

 

 

 

 

 

INVESTMENTS

106.783.338,00

87.693.668,09

46.455.321,39

FIXED ASSETS

63.545.567,00

73.039.079,03

72.330.280,26

 

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

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

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

TOTAL FIXED ASSETS

170.328.905,00

160.732.747,12

118.785.601,65

 

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

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

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

TOTAL ASSETS

220.850.930,00

202.668.459,70

158.594.072,15

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2013

31/12/2012

31/12/2011

 

 

 

 

SUPPLIERS

8.746.846,00

8.007.160,63

5.427.723,69

TRIBUTARY OBLIGATIONS

1.902.737,00

448.017,92

309.342,49

ADVANCE FROM CLIENTS

943.946,00

696.151,17

202.731,64

ACCOUNTS PAYABLE

 

 

8.500.000,00

SOCIAL CONTRIBUTION

 

1.097.328,10

804.571,05

ADVANCE TO EXCHANGE CONTRACT

 

14.294.558,74

17.750.595,10

LOANS AND FINANCING

15.710.715,00

 

 

SOCIAL OBLIGATIONS

700.419,00

 

 

OTHER

265.023,00

 

 

 

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

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

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

TOTAL CURRENT LIABILITIES

28.269.686,00

24.543.216,56

32.994.963,97

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

INTERCOMPANY DEBTS

 

15.950.550,00

750.550,00

LOANS AND FINANCING

53.347.006,00

50.297.835,87

47.008.765,15

DEFERRED TAXES

23.794.554,00

17.335.440,61

17.335.440,61

PROFIT SHARING

7.387.644,00

 

 

OTHER

2.500.000,00

 

 

 

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

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

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

TOTAL LONG TERM LIABILITIES

87.029.204,00

83.583.826,48

65.094.755,76

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

38.649.655,00

10.330.000,00

10.330.000,00

ACCRUED PROFIT (LOSS)

41.982.270,00

50.560.267,24

16.523.203,00

OTHER COMPREHENSIVE INCOME

24.903.280,00

33.651.149,42

33.651.149,42

RESERVES/TAX INCENTIVES

16.836,00

 

 

 

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

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

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

TOTAL NET EQUITY

105.552.041,00

94.541.416,66

60.504.352,42

 

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

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

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

TOTAL LIABILITIES

220.850.931,00

202.668.459,70

158.594.072,15

 

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

 

107.316.965,85

109.612.892,62

(-) TAXES ON SALES

 

20.125.164,18

20.939.802,01

 

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

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

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

NET SALES

105.601.432,00

87.191.801,67

88.673.090,61

(-) COST OF SOLD GOODS

87.030.458,00

76.624.573,99

75.193.649,36

 

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

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

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

GROSS PROFIT

18.570.974,00

10.567.227,68

13.479.441,25

OPERATING REVENUE (EXPENSE)

-2.004.232,00

31.054.135,46

-8.068.697,24

FINANCIAL REVENUE(EXPENSE)

-10.738.374,00

-6.189.368,65

-6.872.993,88

 

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

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

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

OPERATIONAL PROFIT (LOSS)

5.828.368,00

35.431.994,49

-1.462.249,87

CONTRIBUTION/INCOME TAX

1.374.692,00

-1.395.023,54

 

 

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

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

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

NET PROFIT (LOSS)

7.203.060,00

34.036.970,95

-1.462.249,87

 

 

RATIOS:

31/12/2013

31/12/2012

31/12/2011

 

QUICK RATIO

1,21

 

1,38

 

,93

 

CURRENT RATIO

1,70

 

1,71

 

1,21

 

ACCOUNTS RECEIVABLE TURNOVER

4,48

TIMES

4,16

TIMES

5,29

TIMES

DAYS' SALES IN RECEIVABLES

80,35

DAYS

86,62

DAYS

68,00

DAYS

INVENTORY TURNOVER

6,28

TIMES

9,47

TIMES

8,23

TIMES

ACCOUNTS PAYABLE PERIOD

36,18

DAYS

37,62

DAYS

25,99

DAYS

RETURN ON ASSETS

,48

TIMES

,43

TIMES

,56

TIMES

SALES TURNOVER ON NET EQUITY

1,00

TIMES

,92

TIMES

1,47

TIMES

NET WORTH TIE-UP

,60

 

,77

 

1,20

 

INDEBTEDNESS

1,09

 

1,14

 

1,62

 

EQUITY RATIO

47,79

%

46,65

%

38,15

%

WORKING CAPITAL RATIO

69,83

%

70,86

%

20,65

%

GENERAL SOLVENCY

1,92

 

1,87

 

1,62

 

RETURN ON NET EQUITY

6,82

%

36,00

%

-2,42

%

RETURN ON SALES (PROFIT MARGIN)

6,82

%

39,04

%

-1,65

%

GROSS PROFIT MARGIN

17,59

%

12,12

%

15,20

%

OPERATIONAL RESULT

5,52

%

40,64

%

-1,65

%

SALES TURNOVER ON LIABILITIES

3,74

TIMES

3,55

TIMES

2,69

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,21

 - OFFICIAL RATE ON 09/05/2014

US$ 1,00 = R$ 2,34

 - OFFICIAL RATE ON 31/12/2013

US$ 1,00 = R$ 2,04

 - OFFICIAL RATE ON 31/12/2012

US$ 1,00 = R$ 1,87

 - OFFICIAL RATE ON 31/12/2011

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS.

 

THE ANNUAL FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING. THE LEVEL OF INDEBTEDNESS IS HIGH BUT IT IS NOTED GOOD LIQUIDITY RATIOS AND POSITIVE WORKING CAPITAL. IN ADDITION IT SHOWS SALES RECOVER AND POSTED PROFITABLE RESULTS.

 

REAL ESTATE:

 

OWNED PREMISES ARE VALUED AT R$ 7.075.673,60

 

VEHICLES:

 

 OWNED VEHICLES ARE VALUED AT R$ 584.219,90

 

MACHINES:

 

 OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 44.197.095,92

 

 

INSURANCE

 

NOT AVAILABLE.

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

CITY:

BANCO ITAÚ S/A

0164   /    14 3733-1155

AVARÉ/SP

BANCO DO BRASIL S/A

14 3214-5200

BAURU/SP

 

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

 

THE SUBJECT IS ENGAGED IN THE MANUFACTURE OF INTERMEDIATE CHEMICALS.

 

IMPORT AND EXPORT:

 

IMPORTS FROM:

NOT AVAILABLE.

 

EXPORTS TO:

NOT AVAILABLE.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

PHONE:

3M DO BRASIL LTDA

 

19 3838-6865

ADECOL IND. QUIMICA LTDA

 

 

ARCOR DO BRASIL LTDA

 

19 3493-9117

AVERY DENNISON DO BRASIL LTDA

VINHEDO/SP

19 3876-7779

BOAINAIN IND. E COMERCIO LTDA

 

 

BOMBRIL S/A

 

 

FIRMENICH & CIA LTDA

 

11 4617-8800

GIVAUDAN DO BRAIL IND. E COM. DE AROMAS E FRAGANCIAS LTDA

 

19 3876-8819

KEMIRA CHEMICALS BRASIL LTDA

TELEMACO BORBA/PR

42 3271-7403

NACIONAL DE GRAFITE

 

37 3341-8000

RECKITT BENCKISER BRASIL LTDA

SÃO PAULO/SP

11 3783-7254

SUKEST INDÚSTRIA  DE ALIMENTOS E FARMA LTDA

 

14 4009-3000

 

STAFF:

 

THE COMPANY HAS: 152 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1996. SO FAR IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOR.

 

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:

CARBOCLORO S/A INDS. QUIMICAS

 

11 3704-4200

CIA BRASILEIRA DE PETROLEO IPIRANGA

 

 

COREMAL COM. REPRES. MAIA LTDA

 

81 3267-4700

ELEKEIROZ S/A

VARZEA PAULISTA/SP

11 4596-8879

FEIRABOR LTDA

 

11 4546-8879

GAFOR DISTRIBUIDORA LTDA

 

11 2107-3100

GMM EMBALAGENS INDUSTRIAIS S/A

RIO DE JANEIRO/RJ

21 2131-0066

GREIF EMBALAGENS INDUSRIAIS DO BRASIL LTDA

 

21 3865-3358

IBÉRIA IND. DE EMBALAGENS LTDA

 

19 3652-9108

IQ SOLUÇÕES & QUIMICA S/A

 

 

JORPAN IND. E COM. DE EMBALAGENS LTDA

 

11 4648-6877

KROMINOX ACOS METAIS LTDA

 

 

MAKENI CHEMICALS COM IND DE PROD. QUIMICOS LTDA

 

11 4071-0694

MAKENI CHEMICALS LTDA

DIADEMA/SP

11 4360-6400

MANCHESTER CHEMICAL PROD. QUIMICOS LTDA

 

11 6905-1522

MAPEX COML. DISTRIBUIDORA LTDA

 

 

MAUSER DO BRASIL EMBALAGENS INDUSTRIAIS S/A

MATÃO/SP

16 3383-1107

PETROBRAS DISTRIBUIDORA S/A

CUBATÃO/SP

19 3735-6742

PLURY QUIMICA LTDA

 

11 4091-4711

POLIKRAFGT SACOS MULTIFOLHADOS DE PAPEL LTDA

 

11 3686-5848

QUÍMICA AMPARO

AMPARO/SP

19 3808-8040

SUKEST IND SUCOS LTDA

 

 

 

PAYMENT HISTORY:

 

6 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 154.691,00

 

AMOUNT OF INVOICES PAID: 17

TOTAL OF PROMPT PAYMENTS: 100%

HIGHEST INVOICE: R$ 22.947,00

HIGHEST CREDIT: R$ 22.947,00

 

 

FINAL OPINION

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS. UP TO DATE IT HAS A SATISFACTORY 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

US Dollar

1

Rs.59.87

UK Pound

1

Rs.100.98

Euro

1

Rs.82.40

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

PDT

 

               

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.