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Report Date : |
31.05.2014 |
IDENTIFICATION DETAILS
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Name : |
VIMACEDO COMÉRCIO
DE CEREAIS LTDA. |
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Formerly Known as : |
VIMACEDO REPRESENTAÇÕES LTDA |
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Registered Office : |
Rua Professor Euripedes Simões De Paula,522 - Brás, Zip Code 03006-010 - São Paulo/Sp |
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Country : |
Brazil |
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Date of Incorporation : |
09.05.2000 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesaler of food products and cereals Subject product
ranges includes : ·
CANADIAN birdseed (IMPORTED) Peanut P / Ration (INSIDE SP) Peanut P / Ration (OFF SP) Rice C / Peel Needle Rice Cateto WITH Bark Whole oat Shelled oats (animal consumption) Clarinha Safflower Rape Sunflower coarse 10m (Paper) SUNNY IMPORTAD Sunflower Kid Flaxseed Brown (NEW) NATIONAL Mix w / Canary Mix w / collared Mix w / Bullfinch Mix w / Parrot w / fruit Mix w / Parakeet Mix w / Picharro Nabão Niger (IMPORTED) White Millet (IMPORTED) Common millet NATIONAL National Millet Millet Millet Portuguese (IMPORTED) Millet Black (IMPORT) Green Millet FLAG Red Millet (IMPORTED) Fine grits (corn) Average grits (corn) Granulated Feed - Guabi (Old SP) Feed Granular-Guabi (Within SP) Banana Aroma Granulated Feed Feed Granulated orange aroma Powdered Dry Ration Password Soybean (INSIDE SP) Graúda Soybean (OFF SP) Graúda Black Soybean (INSIDE SP) Black Soybean (OFF SP) White Sorghum Red Sorghum Wheat grain HUMAN CONSUMPTION Vitamin Yellow White Vitamin Farinhada Vitamin Jiló Red vitamin |
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No of Employees : |
51 |
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 : |
Exists |
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,
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 |
VIMACEDO COMÉRCIO
DE CEREAIS LTDA.
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MAIN ADDRESS: |
RUA PROFESSOR EURIPEDES SIMÕES DE PAULA,522 - BRÁS |
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ZIP CODE/CITY: |
03006-010 - SÃO PAULO/SP |
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PHONE: |
11 3324-2100 |
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FAX: |
11 3313-1782 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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ADDRESS: |
RUA NESTOR VICTOR,198 - CONJ. 306 - JOÃO GUALBERTO |
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ZIP CODE/CITY: |
83203-540 PARANAGUÁ/PR |
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MAIN ACTIVITIES: |
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WHOLESALE OF FOOD PRODUCTS AND CEREALS. |
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LEGAL FORM: |
LIMITED LIABILITY
COMPANY |
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INCORPORATION DATE: |
09/05/2000 |
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REGISTER DATE: |
09/05/2000 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
03.801.878/0001-14 |
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STATE REGISTER: |
116.843.927.111 |
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SHARE CAPITAL: |
R$ 3.000.000,00 |
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LAST REGISTER OF CAPITAL: |
11/10/2013 |
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BOARD OF
DIRECTORS: |
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VINICIUS SILVA MACEDO DOS SANTOS |
MANAGING PARTNER |
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THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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VINICIUS SILVA MACEDO DOS SANTOS |
R$ 2.700.000,00 |
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MAURO CESAR ROMERO |
R$ 300.000,00 |
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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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YANATA PARTICIPACOES LTDA – ME |
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THE SUBJECT WAS ESTABLISHED ON MAY 09, 2000 AS VIMACEDO REPRESENTAÇÕES
LTDA. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. LATER IT ADOPTED THE
ABOVE-MENTIONED NAME. PARTNERS: VINICIUS SILVA MACEDO DOS SANTOS: BRAZILIAN, HOLDER OF DOCUMENT CPF
166.070.628-90, RESIDENTIAL ADDRESS AT
RUA DOUTOR FLAQUER 62, APART. 111, PARAISO - SÃO PAULO/SP; MAURO CESAR ROMERO: BRAZILIAN, HOLDER OF DOCUMENT CPF 111.095.668-16,
RESIDENTIAL ADDRESS AT AV. FAGUNDES FILHO 623, APTO 81E, VILA MONTE ALEGRE -
SÃO PAULO/SP; FURTHER DETAILS ARE SO FAR NOT KNOWN. |
Subject product
ranges includes :
·
CANADIAN birdseed (IMPORTED)
Peanut P / Ration (INSIDE SP)
Peanut P / Ration (OFF SP)
Rice C / Peel Needle
Rice Cateto WITH Bark
Whole oat
Shelled oats (animal consumption) Clarinha
Safflower
Rape
Sunflower coarse 10m (Paper) SUNNY IMPORTAD
Sunflower Kid
Flaxseed Brown (NEW) NATIONAL
Mix w / Canary
Mix w / collared
Mix w / Bullfinch
Mix w / Parrot w / fruit
Mix w / Parakeet
Mix w / Picharro
Nabão
Niger (IMPORTED)
White Millet (IMPORTED)
Common millet NATIONAL
National Millet Millet
Millet Portuguese (IMPORTED)
Millet Black (IMPORT)
Green Millet FLAG
Red Millet (IMPORTED)
Fine grits (corn)
Average grits (corn)
Granulated Feed - Guabi (Old SP)
Feed Granular-Guabi (Within SP)
Banana Aroma Granulated Feed
Feed Granulated orange aroma
Powdered Dry Ration
Password
Soybean (INSIDE SP) Graúda
Soybean (OFF SP) Graúda
Black Soybean (INSIDE SP)
Black Soybean (OFF SP)
White Sorghum
Red Sorghum
Wheat grain HUMAN CONSUMPTION
Vitamin Yellow
White Vitamin Farinhada
Vitamin Jiló
Red vitamin
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PUBLIC
INFORMATION: |
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PROTESTS: |
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1 PROTEST,TOTAL AMOUNT R$ 67,55 |
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DETAILS OF LATEST PROTESTS: |
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NOTARY OFFICE: |
DATE: |
VALUE: |
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6º CARTORIO DE SAO PAULO/SP/CAPITAL |
09/01/2014 |
R$ 67,55 |
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LAWSUITS: |
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DATE: |
COURT OF LAW: |
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1 |
EXECUTIVE LAWSUIT |
24/06/13 |
7ª VARA DE SAO PAULO/SP/FEDERAL |
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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$ 2,21 |
- OFFICIAL RATE ON 20/05/2014 |
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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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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"). |
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THE SUBJECT IS ENGAGED IN THE WHOLESALE OF FOOD PRODUCTS AND CEREALS. |
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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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THE COMPANY HAS: 51 EMPLOYEE(S) |
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THE SUBJECT WAS ESTABLISHED IN 2000. SO FAR IT HAS A CLEAR TRADE
HISTORY AND GOOD PAYMENT BEHAVIOUR. THE COMPANY HAS TRADE RELATIONS WITH SOME 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. THE LAWSUIT REPORTED IS NOT RELATED WITH TRADE
DEBT. IT IS RELATED TO TAX DEBT THAT FOR ANY REASON THE COMPANY HAS NOT YET
PAID. NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUIT DOES NOT AFFECT THE
COMPANY’S TRADE REPUTATION. THE PROTEST IS IRRELEVANT. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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DAY BRASIL S/A |
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DICOL DISTRIBUIDORA DE PERFUMARIA E ALIMENTOS LTDA |
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IMPORTADORA DE FRUTAS LA VIOLETERA LTDA |
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RODOCERTO TRANSPORTES LTDA |
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SOCIL SOCIEDADE INDL. COMÉRCIO IMPORT. E EXPORT. LTDA |
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PAYMENT HISTORY: |
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3 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 341.793,00 |
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AMOUNT OF INVOICES PAID: 4 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 216.000,00 |
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HIGHEST CREDIT: R$ 216.000,00 |
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OUTSTANDING
INVOICES DUE WITHIN THE NEXT 60 DAYS: |
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--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL
AMOUNT: |
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DUE WITHIN 30 DAYS |
2 |
8 |
R$ 121.502,54 |
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DUE WITHIN 60 DAYS |
1 |
3 |
R$ 56.000,00 |
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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
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.03 |
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UK Pound |
1 |
Rs.98.91 |
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Euro |
1 |
Rs.80.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
MNL |
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 |
|
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 |
-- |
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.