MIRA INFORM REPORT

 

 

Report Date :

02.10.2014

 

IDENTIFICATION DETAILS

 

Name :

CICLO CAIRU LTDA

 

 

Registered Office :

Rua Cairu, 601 - Setor Industrial, 76970-000 - Pimenta Bueno/RO

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

20.03.1998

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesale of bicycles, tricycles and other amusing vehicles

 

 

No of Employees :

762

 

 

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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Brazil

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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.

 

Source : CIA

 

 

 

 


COMPANY NAME

 

CICLO CAIRU LTDA

 

 

ADDRESSES

 

MAIN ADDRESS:

RUA CAIRU,601 - SETOR INDUSTRIAL

ZIP CODE/CITY:

76970-000 - PIMENTA BUENO/RO

 

 

PHONE:

69 3451-0500

FAX:

69 3451-0500/2367

E-MAIL:

ronaldo@ciclocairu.com.br

WEB SITE:

www.ciclocairu.com.br

 

BRANCHES:

 

 

 

ADDRESS:

RUA GOVERNADOR ERNANI SÁTIRO,55 A - ACÁCIO FIGUEIREDO

ZIP CODE/CITY:

58421-090 CAMPINA GRANDE/PB

CNPJ:

02.513.526/0012-53

 

 

ADDRESS:

AVENIDA VICTOR CANDELORO,288 S

ZIP CODE/CITY:

78310-000 COMODORO/MT

CNPJ:

02.513.526/0004-43

 

 

ADDRESS:

AV TURÍBIO ODILON RIBEIRO,574 B - ALVORADA

ZIP CODE/CITY:

76970-000 PIMENTA BUENO/RO

CNPJ:

02.513.526/0005-24

 

 

ADDRESS:

RUA CAIRU,601 A - SETOR INDUSTRIAL

ZIP CODE/CITY:

76970-000 PIMENTA BUENO/RO

CNPJ:

02.513.526/0002-81

 

 

ADDRESS:

RUA TAMANDARE,920 - JD. ORIENTAL

ZIP CODE/CITY:

65913-255 IMPERATRIZ/MA

CNPJ:

02.513.526/0008-77

 

 

ADDRESS:

AV ARAGUAIA,1399 - EMERENCIO

ZIP CODE/CITY:

68540-000 CONCEIÇÃO DO ARAGUAIA/PA

CNPJ:

02.513.526/0009-58

 

 

ADDRESS:

AV JK DE OLIVEIRA,751 - FLOR DO IPÊ

ZIP CODE/CITY:

68633-000 DOM ELISEU/PA

CNPJ:

02.513.526/0010-91

 

 

ADDRESS:

RUA SETE DE SETEMBRO,979 A - JD. BOA VISTA

ZIP CODE/CITY:

68193-000 NOVO PROGRESSO/PA

CNPJ:

02.513.526/0011-72

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

WHOLESALE OF BICYCLES, TRICYCLES AND OTHER AMUSING VEHICLES.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

20/03/1998

REGISTER DATE:

22/04/1998

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

02.513.526/0001-09

STATE REGISTER:

0000000090766-9

 

 

SHARE CAPITAL:

R$ 100.000,00

LAST REGISTER OF CAPITAL:

09/02/2004

 

BOARD OF DIRECTORS:

 

 

 

EUGENIO ODILON RIBEIRO

MANAGING PARTNER

EUFLAVIO ODILON RIBEIRO

MANAGING PARTNER

 

 

AUTHORIZED USE OF SIGNATURE

 

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

 

SHAREHOLDERS / PARTNERS:

 

 

 

EUGENIO ODILON RIBEIRO

0,5%

EUFLAVIO ODILON RIBEIRO

0,5%

CAIRU PARTICIPAÇÕES LTDA

99,0%

 

AFFILIATES / SUBSIDIARIES:

 

 

 

AUTO POSTO PIMENTA BUENO LTDA

100,00%

CCI COMERCIO DE COMBUSTÍVEIS ITAPORANGA LTDA

100,00%

DISTRIBUIDORA DE GÁS RIBEIRO LTDA

100,00%

TRR BRASDIESEL LTDA

100,00%

CAIRU LOGÍSTICA LTDA

 

AUTO POSTO RIBEIRO LTDA

100,00%

CAIRU BIODISEL PROD. DE BIOCOMBUSTÍVEIS LTDA

100,00%

CICLO CAIRU COMERCIO DE PEÇAS PARA MOTOCICLETAS LTDA

100,00%

CAIRU INDÚSTRIA DE BICICLETAS LTDA

100,00%

CAIRU SERVIÇOS DE VIGILÂNCIA LTDA

100,00%

COMERCIO DE COMBUSTÍVEIS ESPIGÃO LTDA

100,00%

EDITORA JORNALISTICA A SEMANA LTDA

100,00%

ODILON & RIBEIRO LTDA

100,00%

EA ADMINISTRAÇÕES E PARTICIPAÇÕES LTDA

 

ENE ADMINISTRAÇÕES E PARTICIPAÇÕES LTDA

 

CAIRU COMBUSTIVEIS LTDA

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON MARCH 20, 1998 TO BE ENGAGED IN THE SAID LINE OF BUSINESS.

 

BUSINESS ADDRESS HAS CHANGED FROM (AVENIDA TURIBIO ODILON RIBEIRO, 574, APIDIA - PIMENTA BUENO/RO) TO THE PRESENT REGISTERED ONE.

 

PARTNERS:

 

EUGENIO ODILON RIBEIRO: BRAZILIAN, MARRIED, BUSINESSMAN, DOMICILED AT RUA NAÇÕES UNIDAS, 215, SERINGAL, ZIP CODE 78984-000, PIMENTA BUENO/RO, HOLDER OF DOCUMENTS RG 307.109/SSP/RO, CPF 256.101.712-53.

 

EUFLAVIO ODILON RIBEIRO: BRAZILIAN, MARRIED, BUSINESSMAN, DOMICILED AT RUA NAÇÕES UNIDAS, 252, SERINGAL, ZIP CODE 78984-000, PIMENTA BUENO/RO, HOLDER OF DOCUMENTS RG 230.020/SSP/RO, CPF 191.143.382-20.

 

CAIRU PARTICIPAÇÕES LTDA: HEADQUARTERED AT RUA CAIRU, 601, ANEXO I, SETOR INDUSTRIAL, ZIP CODE  76970-000, PIMENTA BUENO, RONDONIA/RO, REGISTERED AT THE STATE OF RONDONIA NOTARY OFFICE UNDER NIRE 11.300.002.997, TAXPAYER'S REGISTRATION UNDER CNPJ 02.513.526/0001-09, REPRESENTED BY ITS DIRECORS, MRS. EUGÊNIO ODILON RIBEIRO AND MRS. EUFLÁVIO ODILON RIBEIRO, AS ABOVE MENTIONED.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

PUBLIC INFORMATION:

 

PROTESTS:

 

1  PROTEST,TOTAL AMOUNT R$ 703,17

 

DETAILS OF PROTEST:

 

NOTARY OFFICE:

DATE:

VALUE:

CARTORIO DE SENADOR GUIOMARD/AC

06/01/2014

R$ 703,17

 

 

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 AND CASH EQUIVALENTS

1.058.215,20

534.991,70

3.266.881,59

INVENTORY

50.324.988,57

49.951.809,72

32.102.153,38

ADVANCE TO SUPPLIERS

455.960,85

743.880,63

 

CLIENTS

76.271.655,54

67.525.108,29

45.157.941,26

IMPORTS IN PROGRESS

11.074.470,09

9.290.083,42

5.195.672,92

TAX CREDITS

2.936.974,13

3.628.911,59

1.683.394,41

 

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

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

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

TOTAL CURRENT ASSETS

142.122.264,38

131.674.785,35

87.406.043,56

 

FIXED ASSETS:

 

 

 

 

 

 

 

INVESTMENTS

149.900,00

246.049,40

215.514,00

FIXED ASSETS

34.930.576,98

31.105.797,43

32.211.926,06

INTANGIBLE

32.984,40

32.984,40

32.984,40

 

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

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

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

TOTAL FIXED ASSETS

35.113.461,38

31.384.831,23

32.460.424,46

 

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

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

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

TOTAL ASSETS

177.235.725,76

163.059.616,58

119.866.468,02

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2013

31/12/2012

31/12/2011

 

 

 

 

SUPPLIERS

13.720.198,62

8.119.758,89

3.043.639,52

LOANS AND FINANCING

2.014.277,36

11.282.365,73

4.500.000,00

TRIBUTARY OBLIGATIONS

1.559.549,75

1.631.881,43

1.440.108,35

OBLIGATIONS/THIRD PARTIES

483.140,33

6.879.794,87

5.362.191,39

SOCIAL / LABOR OBLIGATIONS

2.260.243,39

2.180.934,51

1.990.851,16

 

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

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

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

TOTAL CURRENT LIABILITIES

20.037.409,45

30.094.735,43

16.336.790,42

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

LOANS AND FINANCING

14.878.113,91

3.403.389,46

10.362.378,27

RELATED COMPANIES

 

6.608.600,00

 

OTHER

279.616,30

251.174,63

 

 

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

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

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

TOTAL LONG TERM LIABILITIES

15.157.730,21

10.263.164,09

10.362.378,27

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

100.000,00

100.000,00

100.000,00

PROFIT RESERVES

131.940.586,10

112.601.717,06

93.067.299,33

RESOURCE/INCREASE CAPITAL

10.000.000,00

10.000.000,00

 

 

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

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

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

TOTAL NET EQUITY

142.040.586,10

122.701.717,06

93.167.299,33

 

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

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

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

TOTAL LIABILITIES

177.235.725,76

163.059.616,58

119.866.468,02

 

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

397.936.813,30

327.067.552,61

248.302.049,81

(-) TAXES ON SALES

97.363.266,61

83.883.300,01

51.029.529,98

 

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

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

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

NET SALES

300.573.546,69

243.184.252,60

197.272.519,83

(-) COST OF SOLD GOODS

212.872.768,15

166.232.132,95

133.886.020,55

 

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

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

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

GROSS PROFIT

87.700.778,54

76.952.119,65

63.386.499,28

OPERATING REVENUE (EXPENSE)

-65.708.209,89

-53.718.902,65

-48.860.430,93

FINANCIAL REVENUE(EXPENSE)

-1.532.908,80

-2.280.882,31

-1.605.596,37

 

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

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

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

OPERATIONAL PROFIT (LOSS)

20.459.659,85

20.952.334,69

12.920.471,98

CONTRIBUTION/INCOME TAX

-998.262,60

-1.020.373,44

-254.759,77

 

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

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

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

NET PROFIT (LOSS)

19.461.397,25

19.931.961,25

12.665.712,21

 

MONTHLY SALES

 

  2014

 

 

 

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

 

 

JANUARY

R$ 36.561.109,21

 

 

FEBRUARY

R$ 37.490.538,39

 

 

MARCH

R$ 36.805.592,43

 

 

APRIL

R$ 36.647.759,20

 

 

MAY

R$ 37.895.652,07

 

 

JUNE

R$ 34.277.167,47

 

 

JULY

R$ 36.000.084,47

 

 

AUGUST

R$ 37.654.203,15

 

 

SEPTEMBER

 

 

 

OCTOBER

 

 

 

NOVEMBER

 

 

 

DECEMBER

 

 

 

TOTAL

R$ 293.332.106,39

 

 

 

RATIOS:

31/12/2013

31/12/2012

31/12/2011

 

QUICK RATIO

4,58

 

2,72

 

3,39

 

CURRENT RATIO

7,09

 

4,38

 

5,35

 

ACCOUNTS RECEIVABLE TURNOVER

3,94

TIMES

3,60

TIMES

4,37

TIMES

DAYS' SALES IN RECEIVABLES

91,35

DAYS

99,96

DAYS

82,41

DAYS

INVENTORY TURNOVER

4,23

TIMES

3,33

TIMES

4,17

TIMES

ACCOUNTS PAYABLE PERIOD

23,20

DAYS

17,58

DAYS

8,18

DAYS

RETURN ON ASSETS

1,70

TIMES

1,49

TIMES

1,65

TIMES

SALES TURNOVER ON NET EQUITY

2,12

TIMES

1,98

TIMES

2,12

TIMES

NET WORTH TIE-UP

,25

 

,25

 

,35

 

INDEBTEDNESS

,25

 

,33

 

,29

 

EQUITY RATIO

80,14

%

75,25

%

77,73

%

WORKING CAPITAL RATIO

609,28

%

337,53

%

435,03

%

GENERAL SOLVENCY

5,04

 

4,04

 

4,49

 

RETURN ON NET EQUITY

13,70

%

16,24

%

13,59

%

RETURN ON SALES (PROFIT MARGIN)

6,47

%

8,20

%

6,42

%

GROSS PROFIT MARGIN

29,18

%

31,64

%

32,13

%

OPERATIONAL RESULT

6,81

%

8,62

%

6,55

%

SALES TURNOVER ON LIABILITIES

15,00

TIMES

8,08

TIMES

12,08

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,43

 - OFFICIAL RATE ON 26/09/2014

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 FIGURES AVAILABLE SHOW A GOOD FINANCIAL STANDING. IT IS NOTED HIGH LIQUIDITY RATIOS AND POSITIVE WORKING CAPITAL, AS WELL AS LOW LEVEL OF INDEBTEDNESS. IT ALSO SHOWS GROWING SALES AND PROFITABILITY.

 

REMARK:

 

THE COMPANY DID NOT SEND ANY CLARIFICATION ABOUT THE VARIATION SHOWED IN THE NET EQUITY.

 

REAL ESTATE:

 

 OWNED PREMISES ARE VALUED AT R$ 1.694.715,97

 

VEHICLES:

 

 OWNED VEHICLES ARE VALUED AT R$ 8.210.593,00

 

MACHINES:

 

 OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 1.767.801,77

 

 

INSURANCE

 

INSURANCE COMPANY:

ALLIANZ SEGURADORA

COVERAGE:

FIRE / RAY / EXPLSION / ELECTRICS DAMAGES

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

 

BANCO DO BRASIL S/A

1181-9   69 3451-2377

 

BANCO BRADESCO S/A

0483-9   69 3451-2577

 

 

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"). DATE RESEARCHED SEPTEMBER 26, 2014.

 

 

ACTIVITIES COMMENTS

 

SUBJECT IS ENGAGED IN THE WHOLESALE OF BICYCLES, TRICYCLES AND OTHER AMUSING VEHICLES.

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

CHINA, TAIWAN, VIETNAM,  INDIA AND ITALY.

 

   EXPORTS TO:

DOES NOT EXPORT.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

PHONE:

CICLO CAPITAL LTDA

 

69 3227-3507

DINIZ PEÇAS LTDA

 

 

F. OZAMIR CARVALHO DA CRUZ

 

69 3481-2036

J. R. GUIMARÃES - ME

 

 

PAULO GONÇALVES LOPES - ME

 

68 3322-2057

 

STAFF:

 

THE COMPANY HAS: 762 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS A FAMILY-RUN COMPANY WHICH WAS ESTABLISHED IN 1998. SO FAR IT HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEMS ARE NOTED.

 

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.

 

THE PROTEST IS IRRELEVANT.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

 

CECRISA REVEST CERAMICOS S/A

 

 

CIA INDL H. CARLOS SCHNEIDER - CISER

 

 

EBF VAZ INDÚSTRIA E COMERCIO LTDA

 

11 4585-3900

GIMBA SUPRIM ESCRIT INFORMAT LTDA

 

 

ICAFLEX INDUSTRIA & COMÉRCIO LTDA

 

16 3373-7700

INDUSTRIAL LEVORIN S/A

 

11 2464-6500

MERCOTRADE IMP EXP LTDA

 

 

NKG DO BRASIL S/A

 

11 4793-8000

PARAMOTOS IND. COM. LTDA

 

35 3291-3355

PERFIPAR S/A MANUF DE AÇO

 

 

PHILIPS ELETRONICA S/A

 

11 2125-0577

PIRELLI PNEUS S/A

 

11 4998-5522

RINALDI S/A

 

11 3455-7500

TORK IND. COM. EQUIP. P/ MOTOS LTDA

 

43 3571-1138

 

FOREIGN SUPPLIERS:

COUNTRY:

 

CIXI POWER CYCLE CO; LTD

CHINA

 

EASTMAN INDUST. LTD.

INDIA

 

EVEREST INT. INDUST. LTD.

CHINA

 

KMC CHAIN CO; LTD

CHINA

 

LOGAN INDUSTRIAL CO LIMITED

TAIWAN

 

LUCKY EXPORTS

CHINA

 

MARCOS GLOBAL LTD.

TAIWAN

 

NINGBO POWER IMP. AND EXP. CO LTD

CHINA

 

SADEM INDUSTRIES

INDIA

 

STIG JIANGSU

CHINA

 

 

PAYMENT HISTORY:

 

25 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 3.130.825,00

 

AMOUNT OF INVOICES PAID: 282

TOTAL OF PROMPT PAYMENTS: 98,1%

TOTAL OF DELAYED PAYMENTS: 1,9%

 

HIGHEST INVOICE: R$ 121.869,00

HIGHEST CREDIT: R$ 121.869,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 60 DAYS:

 

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

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

1

1

R$ 13.286,44

 

 

FINAL OPINION

 

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

 

AN INITIAL CREDIT LIMIT OF US$ 1.000.000,00 MAY BE CONSIDERED.

 

REPORTING DATE 29/09/2014  MAGNO

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.75

UK Pound

1

Rs.100.07

Euro

1

Rs.77.95

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

SMN

 

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 Regular

arded 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.