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Report Date : |
22.10.2014 |
IDENTIFICATION DETAILS
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Name : |
ACZ INOX COMERCIAL LTDA |
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Registered Office : |
Avenida Casa Grande, 1534 - Jardim Portinari 09961-350 - Diadema/Sp |
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Country : |
Brazil |
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Date of Incorporation : |
09.12.1992 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is engaged in the manufacture of stainless steel
wire and tapes. |
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No. of Employees : |
60 |
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 : |
No complaints |
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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
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 |
ACZ INOX COMERCIAL
LTDA
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MAIN ADDRESS: |
AVENIDA CASA GRANDE, 1534 - JARDIM PORTINARI |
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ZIP CODE/CITY: |
09961-350 - DIADEMA/SP |
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PHONE: |
11 4061-1661 |
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FAX: |
11 4067-1887 |
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E-MAIL: |
debora@aczinox.com.br |
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WEB SITE: |
www.aczinox.com.br |
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BRANCHES: |
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NOT AVAILABLE |
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MAIN ACTIVITIES: |
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MANUFACTURE AND SALE OF STAINLESS STEEL. |
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LEGAL FORM: |
LIMITED LIABILITY COMPANY |
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INCORPORATION DATE: |
09/12/1992 |
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REGISTER DATE: |
09/12/1992 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
69.184.778/0001-02 |
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STATE REGISTER: |
635.442.798.115 |
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SHARE CAPITAL: |
R$ 375.000,00 |
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LAST REGISTER OF CAPITAL: |
28/09/2009 |
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BOARD OF DIRECTORS: |
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EDIVALDO ZARA |
MANAGING PARTNER |
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HORACIO CORTON LENZA |
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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EDIVALDO ZARA |
R$ 125.000,00 |
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HORACIO CORTON LENZA |
R$ 125.000,00 |
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ALAN CAPASSI ZARA |
R$ 125.000,00 |
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AFFILIATES / SUBSIDIARIES: |
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A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR PARTNERS HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
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ALAN ADM PARTICIPAÇÃO E EMPREENDIMENTOS LTDA |
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CLASSE A SERVIÇOS AUTOMOTIVOS LTDA |
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THE SUBJECT WAS ESTABLISHED ON DECEMBER 09, 1992 TO BE ENGAGED IN THE SAID LINE OF BUSINESS. BUSINESS ADDRESS HAS CHANGED FROM (RUA PASCHOAL GASTALDO, 386/396 - VILA SANTA TEREZINHA - SÃO BERNARDO DO CAMPO/SP) TO THE PRESENT REGISTERED ONE. PARTNERS: EDIVALDO ZARA: BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS CPF 007.087.308-92, RG 8.693.887, SSP/SP, RESIDENTIAL ADDRESS AT RUA JOÃO FERREIRA DE ALMEIDA 343 - SÃO BERNARDO DO CAMPO/SP. HORACIO CORTON LENZA: BRAZILIAN, HOLDER OF DOCUMENTS CPF 107.653.118-01, RG 162622405 SSP/SP, RESIDENTIAL ADDRESS AT RUA JOSÉ LIMA FILHO, 275, PARQUE ESPACIAL - SÃO BERNARDO DO CAMPO/SP. ALAN CAPASSI ZARA: BRAZILIAN, HOLDER OF DOCUMENTS CPF 411.705.378-71, RG 382366311, SSP/SP, RESIDENTIAL ADDRESS AT RUA APARECIDA 195, APART. 31, BAETA NEVES - SÃO BERNARDO DO CAMPO/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. WHEN CONTACTING THE SUBJECT WE INTERVIEWED MRS. DEBORA, 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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LAWSUITS: |
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DATE: |
COURT OF LAW: |
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1 |
STATE LAWSUIT |
28/10/11 |
2ª VARA DE SP-SÃO BERNARDO DO CAMPO |
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DUE TO ITS LEGAL FORM SUBJECT IS NOT OBLIGED TO PUBLISH BALANCE SHEET INFORMATION. WHEN INTERVIEWED SOURCES AT THE SUBJECT STATED NO BALANCE SHEET INFORMATION IS AVAILABLE. THE SUBJECT FILES THE ACCOUNTS THROUGH AN ACCOUNTANCY PROCEEDING NAMED "LUCRO PRESUMIDO" (PRESUMED PROFIT) WHICH EXEMPTS IT OF BUILDING UP BALANCE SHEET OR ANY OTHER BOOKING PROCEEDINGS WHICH ARE USUAL FOR COMPANIES WHICH FILE ACCOUNTS THROUGH THE ACCOUNTANCY PROCEEDING NAMED "LUCRO REAL" (REAL PROFIT). OUTSIDE SOURCES CONTACTED SHOWED NO FINANCIAL DATA ABOUT THIS COMPANY. |
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EXCHANGE RATE: |
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US$ 1,00 = R$ 2,44 |
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COMMENTS ON THE FINANCIAL INFORMATION: |
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IN THE ABSENCE OF FINANCIAL DATA WE ARE NOT ABLE TO ACCESS THE SUBJECT FINANCIAL STANDING BY THE USUAL STANDARDS. ACCORDING TO THE RULES OF THE ACCOUNTANCY PROCEEDING FOLLOWED BY THE SUBJECT, IT COLLECTS THE TAXES, WHICH ARE DUE OVER THE GROSS SALES AMOUNT. THE TAXES SHOULD BE COLLECTED EITHER WITH PROFIT OR LOSS AT THE END OF THE FISCAL YEAR. REGARDING THE RULES OF THE ABOVE SAID PROCEEDING IT MAY BE POSSIBLE TO STATE THAT COMPANIES WHICH FILE ACCOUNTS THROUGH THIS PROCEEDING ARE PROFITABLE COMPANIES. IT IS STATED BECAUSE THE MAIN DIFFERENCE OF THE PROCEEDING NAMED "LUCRO REAL" AND THE ONE NAMED "LUCRO PRESUMIDO" IS THAT IN THE FIRST THE COMPANY ONLY PAYS INCOME TAX WHEN IT HAS PROFIT AT THE END OF THE FISCAL YEAR, WHILE IN THE LAST THE COMPANY PAYS INCOME TAX REGARDLESS IT HAS PROFIT OR LOSS. THEREFORE, IF ANY COMPANY WHICH ADOPTS THE "PRESUMED PROFIT" PROCEEDING WAS NOT PROFITABLE IT WOULD BE A BETTER OPTION TO FILE ACCOUNTS THROUGH THE "LUCRO REAL" PROCEEDING BECAUSE IN THIS PROCEEDING TAXES ARE DUE ONLY WHEN PROFITABLE RESULTS ARE MET. IN CASE OF LOSSES NO INCOME TAX IS DUE. IN SHORT, COMPANIES, WHICH FILE ACCOUNTS THROUGH "LUCRO PRESUMIDO" PROCEEDING, ARE USUALLY PROFITABLE COMPANIES. |
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REAL ESTATE: |
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DETAIL OF OWNED REAL ESTATE PARTNER: |
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TYPE: |
OTHERS |
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VALUE: |
R$ ,00 |
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REMARKS: |
PREMISES COMPRISE A BUILD UP ÁREA OF 1.700 SQ MTS. |
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VEHICLES: |
NOT AVAILABLE
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MACHINES: |
NOT AVAILABLE
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NOT AVAILABLE. |
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BRANCH/PHONE: |
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BANCO DO BRASIL S/A |
3190-9 / 4123-9644 |
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BANCO SANTANDER (BRASIL) S/A |
2163 / 4043-2300 |
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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 MANUFACTURE OF STAINLESS STEEL WIRE AND TAPES. |
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IMPORT AND EXPORT: |
IMPORTS FROM:
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INDIA, ENGLAND, CHINA AND GERMANY. |
EXPORTS TO:
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NOT AVAILABLE. |
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MAIN CLIENTS: |
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DOMESTIC CLIENTS: |
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PHONE: |
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DANA |
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51 3489-3000 |
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ELRING KLINGER |
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19 3124-9000 |
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TRW |
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11 4070-8800 |
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STAFF: |
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THE COMPANY HAS: 60 EMPLOYEE(S) |
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1992. SO FAR IT OPERATES WITH GROWING SCALE OF ACTIVITIES, A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOR. 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 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. |
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MAIN SUPPLIERS: |
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DOMESTIC SUPPLIERS: |
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PHONE: |
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ACESITA SERV. COM. IND. E PARTICIPAÇÕES LTDA |
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11 6591-4000 |
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ARMCO DO BRASIL S/A |
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11 6915-2600 |
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INTERCAMBIO DE METAIS INLAC LTDA |
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11 3209-1411 |
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NOVAMETAL DO BRASIL LTDA |
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12 3644-4500 |
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SUPERFINE STEEL AÇOS INOXIDAVEIS LTDA |
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19 3455-1104 |
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FOREIGN SUPPLIERS: |
COUNTRY: |
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INTERCAMBIO GMBH |
GERMANY |
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RAAJRATNA METAL INDUSTRIES LIMITED |
INDIA |
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PAYMENT HISTORY: |
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10 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 90.210,00 |
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AMOUNT OF INVOICES PAID: 40 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 32.067,00 |
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS. UP TO DATE IT HAS A CLEAR TRADE HISTORY AND NO ADVERSE INFORMATION IS NOTED. 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
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Indian Rupees |
|
US Dollar |
1 |
Rs.61.30 |
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|
1 |
Rs.99.16 |
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Euro |
1 |
Rs.78.59 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
NIS |
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.