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Report Date : |
30.05.2014 |
IDENTIFICATION DETAILS
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Name : |
INOX-TECH COMÉRCIO DE AÇOS INOXIDÁVEIS LTDA |
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Registered Office : |
Avenida Moinho Fabrini, 1296 - Bairro Independência, 09862-000 - São Bernardo Do Campo/Sp |
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Country : |
Brazil |
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Date of Incorporation : |
11.05.1978 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale of iron and steel products. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
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 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately 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.
|
Source
: CIA |
INOX-TECH COMÉRCIO
DE AÇOS INOXIDÁVEIS LTDA
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MAIN ADDRESS: |
AVENIDA MOINHO FABRINI, 1296 - BAIRRO INDEPENDÊNCIA |
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ZIP CODE/CITY: |
09862-000 - SÃO BERNARDO DO CAMPO/SP |
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PHONE: |
11 4343-1999 |
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FAX: |
11 4343-4043 |
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E-MAIL: |
rgois@feital.com.br |
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WEB SITE: |
www.feital.com.br |
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BRANCHES: |
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ADDRESS: |
RUA PEDRO RIPOLI, 2380 - VILA OASIS |
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ZIP CODE/CITY: |
09410-020 RIBEIRÃO PIRES/SP |
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CNPJ: |
49.934.250/0013-21 |
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ADDRESS: |
RUA MAURÍCIO SIROTSKI SOBRINHO, 455 - DISTRITO INDUSTRIAL |
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ZIP CODE/CITY: |
94930-370 CACHOEIRINHA/RS |
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CNPJ: |
49.934.250/0007-83 |
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MAIN ACTIVITIES: |
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WHOLESALE OF IRON AND STEEL PRODUCTS. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
11/05/1978 |
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REGISTER DATE: |
11/05/1978 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
49.934.250/0001-98 |
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STATE REGISTER: |
635.511.052.117 |
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SHARE CAPITAL: |
R$ 70.957.862,00 |
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LAST REGISTER OF CAPITAL: |
01/06/2009 |
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BOARD OF
DIRECTORS: |
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MARCOS JOSÉ FEITAL |
PRESIDENT DIRECTOR |
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OSWALDO JOSÉ FEITAL NETO |
DIRECTOR |
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MARIA PAOLA COELHO FEITAL |
DIRECTOR |
|
MARIA LAURA FEITAL JACOB |
DIRECTOR |
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THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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VMCF EMPREENDIMENTOS E PARTICIPAÇÕES LTDA |
R$ 64.842.603,00 |
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MARCOS JOSÉ FEITAL |
R$ 6.115.253,00 |
|
OSWALDO JOSÉ FEITAL NETO |
R$ 2,00 |
|
VERA MARIA COELHO FEITAL |
R$ 2,00 |
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MARIA PAOLA COELHO FEITAL |
R$ 1,00 |
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MARIA LAURA FEITAL JACOB |
R$ 1,00 |
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AFFILIATES /
SUBSIDIARIES: |
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A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS
HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
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DALFERINOX INDUSTRIA E COMERCIO LTDA |
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M.J.F. CONSULTORIA EMPRESARIAL LTDA. |
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FITTINOX COMÉRCIO DE AÇOS INOXIDÁVEIS LTDA |
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FT EMPREENDIMENTOS E ADMINISTRACAO DE BENS PROPRIOS LTDA |
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PLACAS MINEIRAS DE ACO INOXIDAVEL PLAMINOX S/A |
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THE SUBJECT WAS ESTABLISHED ON MAY 11, 1978 AS TUBRA TUBOS BRASILEIROS
LTDA TO BE ENGAGED IN THE SAID LINE OF BUSINESS. LATER IT ALTERED TO
INOX-TECH SERVICENTER LTDA. ON MAY 01, 2007 IT ADOPTED THE ABOVE-MENTIONED
NAME. TRADE NAME: "TUBRA". PARTNERS: VMCF EMPREENDIMENTOS E PARTICIPAÇÕES LTDA: REGISTERED AT THE STATE OF
SÃO PAULO NOTARY OFFICE UNDER NIRE
35.214.197.386, TAXPAYER'S REGISTRATION UNDER CNPJ 01.602.125/0001-54,
HEADQUARTERED AT AVENIDA MOINHO FABRINI, 1296, SALA 02, INDEPENDÊNCIA, ZIP
CODE 09862-000, SÃO BERNARDO DO CAMPO/SP; MARCOS JOSÉ FEITAL: BRAZILIAN, HOLDER OF DOCUMENTS CPF 002.760.497-72
AND RG 1451691, RESIDENTIAL ADDRESS AT AVENIDA NOSSA SENHORA DO SABARÁ, 400,
APTO. 91B, JARDIM BÉLGICA, ZIP CODE 04686-000, SÃO PAULO/SP; OSWALDO JOSÉ FEITAL NETO: BRAZILIAN, HOLDER OF DOCUMENTS CPF
125.747.508-88 AND RG 199355678, RESIDENTIAL ADDRESS AT AVENIDA NOSSA SENHORA
DO SABARÁ, 400, APTO. 131C, JARDIM BÉLGICA, ZIP CODE 04686-000, SÃO PAULO/SP; VERA MARIA COELHO FEITAL: BRAZILIAN, HOLDER OF DOCUMENTS CPF
270.733.218-65 AND RG 381424194, RESIDENTIAL ADDRESS AT AVENIDA NOSSA SENHORA
DO SABARÁ, 400, APTO. 91B, JARDIM BÉLGICA, ZIP CODE 04686-000, SÃO PAULO/SP; MARIA PAOLA COELHO FEITAL: BRAZILIAN, HOLDER OF DOCUMENTS CPF
277.575.758-85 AND RG 231283726, RESIDENTIAL ADDRESS AT AVENIDA WASHINGTON
LUIS, 1277, APTO. 91A, ZIP CODE 04662-002, SÃO PAULO/SP. MARIA LAURA FEITAL JACOB: BRAZILIAN, HOLDER OF DOCUMENTS CPF
269.907.118-84 AND RG 19935568X - SP, RESIDENTIAL ADDRESS AT AVENIDA IGATI, 2,
APTO 241A ZIP CODE 04673-040, SÃO PAULO/SP. ON JANUARY 03, 2006 THE SUBJECT TOOK OVER THE COMPANIES "FEITAL
COMERCIAL LTDA" AND "FITTINOX COMERCIAL LTDA". FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MRS. REGINA FINANCIAL
DEPARTMENT, WHO INFORMED THAT WOULD NOT DISCLOSE ANY KIND OF INFORMATION
UNLESS THE INQUIRING PARTY'S NAME WAS DISCLOSED. IF IT IS POSSIBLE TO DISCLOSE THE NAME OF THE INTERESTED SUPPLIER OF
THE SUBJECT, WE MAY RESUME OUR CONTACTS AND TRY TO OBTAIN FURTHER
INFORMATION. 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. OUTSIDE SOURCES CONTACTED SHOWED NO FINANCIAL DATA ABOUT THIS COMPANY. |
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EXCHANGE RATE: |
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US$ 1,00 = R$ 2,23 |
- OFFICIAL RATE |
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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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NOT AVAILABLE. |
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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"). |
THE SUBJECT IS ENGAGED IN THE WHOLESALE OF IRON AND STEEL PRODUCTS.
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IMPORT AND
EXPORT: |
IMPORTS FROM:
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NOT AVAILABLE. |
EXPORTS TO:
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NOT AVAILABLE. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
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NOT AVAILABLE. |
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STAFF: |
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NOT AVAILABLE |
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THE SUBJECT IS AN OLD-ESTABLISHED COMPANY, OPERATING SINCE 1978. 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. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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NOT AVAILABLE. |
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PAYMENT HISTORY: |
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15 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 2.123.552,00 |
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AMOUNT OF INVOICES PAID: 120 |
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TOTAL OF PROMPT PAYMENTS: 98,1% |
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TOTAL OF DELAYED PAYMENTS: 1,9% |
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HIGHEST INVOICE: R$ 157.257,00 |
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HIGHEST CREDIT: R$ 157.257,00 |
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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.58.84 |
|
|
1 |
Rs.98.41 |
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Euro |
1 |
Rs.80.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
NNA |
RATING EXPLANATIONS
|
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 |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.