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Report Date : |
01.10.2014 |
IDENTIFICATION DETAILS
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Name : |
SH FORMAS ANDAIMES E ESCORAMENTOS LTDA |
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Registered Office : |
Rua Visconde De Pirajá,595 14º Andar- Grupo 1401 – Ipanema 22.410-003
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Country : |
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Date of Incorporation : |
27.11.1973 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture Of Equipments For Civil Construction. |
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No. of Employees : |
1200 |
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 : |
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 – June 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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 |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
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 |
SH FORMAS ANDAIMES
E ESCORAMENTOS LTDA
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MAIN ADDRESS: |
RUA VISCONDE DE PIRAJÁ,595 14º ANDAR- GRUPO 1401 - IPANEMA |
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ZIP CODE/CITY: |
22.410-003 - RIO DE JANERIO/RJ |
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PHONE: |
21 2529-7676 |
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FAX: |
21 2512-7141 |
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E-MAIL: |
josiel.lima@sh.com.br |
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WEB SITE: |
www.sh.com.br |
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BRANCHES: |
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ADDRESS: |
AVENIDA
BRASIL,45208 |
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ZIP CODE/CITY: |
23.078-00 RIO DE JANEIRO/RJ |
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PHONE: |
21 3364-8500 |
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CNPJ: |
42.292.292/0003-95 |
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ADDRESS: |
RUA XF, 301 QD 4C,0 SETOR LESTE IND GAMA o 72.445-030 |
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ZIP CODE/CITY: |
29.164-26 SERRA/ES |
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ADDRESS: |
RUA CORONEL DÁRIO FERRAZ DE SÁ,,5 LOTE 157 QD 12/47A o PRAIA DO SOL |
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ZIP CODE/CITY: |
54.440-11 JABOATÃO DOS GUARARAPES/PE |
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ADDRESS: |
RUA SANTA ELIZABETH,150 |
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ZIP CODE/CITY: |
07241-170 GUARULHOS/SP |
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PHONE: |
11 2486-0548 |
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THE COMPANY ALSO HAS OTHER BRANCHES LOCATED IN: GUARULHOS, CAMAÇARI, BELO
HORIZONTE, GOIÂNIA, SÃO JOSÉ DOS PINHAIS, BRUSQUE, BARCARENA AND CAMPO
GRANDE. |
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MAIN ACTIVITIES: |
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MANUFACTURE OF EQUIPMENTS FOR CIVIL CONSTRUCTION. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
27/11/1973 |
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REGISTER DATE: |
27/11/1973 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
42.292.292/0001-23 |
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STATE REGISTER: |
77343148 |
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SHARE CAPITAL: |
R$ 61.675.560,00 |
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BOARD OF
DIRECTORS: |
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MICHAEL JOSEPH ROCK |
MANAGING PARTNER |
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RUTH KATZ DE CASTRO GELBAN |
MANAGING PARTNER |
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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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RUTH KATZ DE CASTRO GELBAN |
R$ 59.825.293,00 |
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MICHAEL JOSEPH ROCK |
R$ 1.850.267,00 |
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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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NALA EMPREENDIMENTOS E PARTICIPAÇÕES LTDA |
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SH INDUSTRIA DE METALURGICA E SERVIÇOS LTDA |
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SH SERVIÇOS LTDA |
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PRECISA EMPREENDIMENTOS IMOBILIÁRIOS LTDA |
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SH LOCAP LOCAÇÃO DE ESTRUTURAS LTDA |
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THE SUBJECT WAS ESTABLISHED ON NOVEMBER 270, 1973 AS SERVICON
HUNNEBECK FORMAS ANDAIMES E ESCORAMENTES LTDA. TO BE ENGAGED IN THE SAID LINE
OF BUSINESS. AUGUST 12, 1988 IT ALTERED TO SERVICON HUNNEBECK EQUIPAMENTOS
LTDA, ON JANUARY 20, 1994 IT ADOPTED THE ABOVE MENTIONED NAME AND UP TO DATE
IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN. THE COMPANY HAS THE ISO 9002 CERTIFICATION. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS. MARLI, 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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PROTESTS: |
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1 PROTEST,TOTAL AMOUNT R$
378.848,75 |
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DETAILS OF LATEST PROTESTS: |
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NOTARY OFFICE: |
DATE: |
VALUE: |
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4º CARTORIO DE RJ-RIO DE JANEIRO |
16/04/2013 |
R$ 378.848,75 |
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LAWSUITS: |
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DATE: |
COURT OF LAW: |
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1 |
STATE LAWSUIT |
31/01/13 |
VARA DE DF-BRASILIA |
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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$ 2,43 |
- OFFICIAL RATE ON 26/09/2014 |
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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
INSURANCE:
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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 NOT RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682
BRAZILIAN CENTRAL BANK"). |
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MANUFACTURE OF EQUIPMENTS FOR CIVIL CONSTRUCTION. PRODUCTS SOLD: FORMS FOR CONCRETE, SCAFFOLDING, METALLIC DRAIN,
CLAMPS, METAL FLOOR AND ETC. |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
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NOT AVAILABLE. |
EXPORTS TO:
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EUROPE, LATIN AMERICA. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
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CIKEL SERVIÇOS S/A |
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CONSÓRCIO MPE/ SETAL |
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CONSTRUPAC |
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CONSTRUTORA BARBOSA MELO |
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KLACON ENGENHARIA LTDA |
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MIP ENGENHARIA S/A |
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MTD ENGENHARIA LTDA |
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PARANASA |
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PONTO CIVIL ENGENHARIA CIVIL LTDA |
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RIP SERVIÇOS INDUSTRIAIS S/A |
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STAFF: |
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THE COMPANY HAS: 1200 EMPLOYEE(S) |
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THE SUBJECT WAS ESTABLISHED IN 1973. SO FAR IT HAS A TRADE HISTORY
BLEMISHED BY A RELEVANT PROTEST. 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. |
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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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25 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 369.805,00 |
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AMOUNT OF INVOICES PAID: 145 |
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TOTAL OF PROMPT PAYMENTS: 96,6% |
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TOTAL OF DELAYED PAYMENTS: 3,4% |
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HIGHEST INVOICE: R$ 24.577,00 |
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HIGHEST CREDIT: R$ 24.577,00 |
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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 AND THE
DETRIMENTAL FILES FOUND. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.61 |
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1 |
Rs.100.28 |
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Euro |
1 |
Rs.78.21 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
SDA |
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.