MIRA INFORM REPORT

 

 

Report Date :

10.09.2014              

 

IDENTIFICATION DETAILS

 

Name :

LABORATÓRIO TEUTO BRASILEIRO S/A

 

 

Registered Office :

LOC VP 7D - Módulo,11 Quadra 13 – Daia, 75045-190 - Anápolis/GO

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

25.03.1957

 

 

Legal Form :

Privately Held Corporation

 

 

Line of Business :

Subject is Engaged in the Manufacture of Pharmaceuticals

 

 

No. of Employees :

3247

 

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 01, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Brazil

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

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

 


Company name

 

LABORATÓRIO TEUTO BRASILEIRO S/A

 

 

Company ADDRESSES

 

MAIN ADDRESS:

LOC VP 7D - MÓDULO,11 QUADRA 13 - DAIA

ZIP CODE/CITY:

75045-190 - ANÁPOLIS/GO

 

 

PHONE:

62 3310-2116

FAX:

62 3310-2000

E-MAIL:

contabilidade@teuto.com.br

WEB SITE:

www.teuto.com.br

 

BRANCHES:

 

 

 

ADDRESS:

RUA EMBAIXADOR MACEDO SOARES, 10735

ZIP CODE/CITY:

05095-020 SÃO PAULO/SP

CNPJ:

17.159.229/0008-42

 

 

ADDRESS:

RUA WILK FERREIRA DE SOUZA, 145

ZIP CODE/CITY:

70230-477 SÃO JOSÉ DO RIO PRETO/SP

CNPJ:

17.159.229/0007-61

 

 

ADDRESS:

RUA ANTONIO LUIZ SOARES, 217

ZIP CODE/CITY:

51210-050 RECIFE/PE

CNPJ:

17.159.229/0005-08

 

 

ADDRESS:

RODOVIA MG-5 - Nº 1020 - IPÊ

ZIP CODE/CITY:

31950-000 BELO HORIZONTE/MG

CNPJ:

17.159.229/0006-80

 

 

ADDRESS:

RUA CONDE DE PORTO ALEGRE, 57 - ROCHA

ZIP CODE/CITY:

20960-110 RIO DE JANEIRO/RJ

CNPJ:

17.159.229/0003-38

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF PHARMACEUTICALS.

 

LEGAL FORM:

PRIVATELY HELD CORPORATION

 

 

INCORPORATION DATE:

25/03/1957

REGISTER DATE:

25/03/1957

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

17.159.229/0001-76

STATE REGISTER:

10.223003-0

 

 

SHARE CAPITAL:

R$ 68.808.167,59

 

BOARD OF DIRECTORS:

 

 

 

CARLOS ROBERTO DE ANDRADE

INDUSTRIAL DIRECTOR

ALBANO LUIS SARAIVA PATROCINIO

BUSINESS DIRECTOR

OSVALDO SOARES PINTO

COMMERCIAL DIRECTOR

SERGIO ANTONIO SANTAMARIA CASTRO

FINANCIAL DIRECTOR

ÍTALO DE MELO

MARKETING DIRECTOR

 

 

AUTHORIZED USE OF SIGNATURE

 

THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

WALTERCI DE MELO

57,92%

PFIZER MEDICAMENTOS GENÉRICOS E PARTICIP. LTDA

40,00%

MARCELO LEITE HENRIQUES

2,00%

ÍTALO NOGUEIRA ALVES DE MELO

0,07%

IGOR NOGUEIRA ALVES DE MELO

0,01%

 

AFFILIATES / SUBSIDIARIES:

 

 

 

WI COMUNICAÇÃO LTDA

 

TEUTUR - TEUTO TURISMO LTDA

 

TRANSPORTADORA WORLDPRESS LTDA

 

MELO PARTICIPAÇÕES LTDA

 

EMANAR - PESQUISAS IND., COM., IMP., EXP. E REPR. LTDA

 

ITPA - INSTITUTO TEUTO DE PESQUISAS AVANÇADAS S/S LTDA

 

PORTHIA ASSESSORIA DE COMUNICAÇÃO LTDA

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED IN 1947, BY MR. ADOLFO KRUMEIR.

 

AMAZED BY THE BRAZIL'S RESOURCES, INVESTED ALL ITS EFFORTS, WITHOUT LOSING ITS TIES WITH HIS HOMELAND. THE TIME GOES BY AND THE SUBJECT CHANGES ITS MANAGEMENT.

 

MR. WALTERCI DE MELO REALIZED THAT TEUTO OWNED A STRONG BRAND AND HE DECIDED ON TAKING ADVANTAGE OF IT BY INVESTING IN NEW EQUIPMENTS, RENEWING ITS PRODUCT LINE, IMPROVING THE PACKAGE GIVING MORE AGGRESSIVENESS TO ITS MANAGEMENT.

 

IN 1992 IT WAS PUT THE LIMESTONE IN ANÁPOLIS AND IN 1993 ITS HEADQUARTERS WAS OPENED WITH 12.000 SQ MTS OF BUILT-U AREA.

 

THE SUBJECT IS A LEADING COMPANY AND KEEPS OPERATING UP TO DATE WITH A LEADING POSITION AND HIGH EFFICIENCY LEVEL.

 

ON JUNE 16, 2002 SUBJECT WAS TRANSFORMED INTO STOCK COMPANY AND ALTERED ITS NAME FROM LABORATÓRIO TEUTO BRASILEIRO LTDA. TO THE PRESENT REGISTERED ONE.

 

THE COMPANY HAS THE ISO 9000 CERTIFICATION.

 

TRADE NAME: "TEUTO".

 

FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN.

 

PUBLIC INFORMATION:

 

PROTESTS:

 

1  PROTEST, TOTAL AMOUNT R$ 1.843.858,46

 

DETAILS OF PROTEST:

 

NOTARY OFFICE:

DATE:

VALUE:

1º CARTÓRIO DE RJ-RIO DE JANEIRO

20/10/2011

R$ 1.843.858,46

 

LAWSUITS:

 

 

 

DATE:

COURT OF LAW:

 

5

STATE LAWSUITS

27/09/13

1ª VARA DE MG-BELO HORIZONTE

2

MUNICIPAL LAWSUITS

25/02/14

1ª VARA DE MG-BELO HORIZONTE

1

FEDERAL LAWSUIT

17/09/10

VARA DE GO-ANÁPOLIS

2

EXECUTIVE LAWSUITS

05/02/13

16ª VARA DE SP-SP-CENTRAL

 

 

FINANCIAL INFORMATION

 

GENERAL BALANCE SHEETS AS OF 31/12/2013, 31/12/2012 AND 31/12/2011.

( FIGURES ARE IN THOUSANDS OF REAIS ).

 

ASSETS

 

 

 

CURRENT:

31/12/2013

31/12/2012

31/12/2011

 

 

 

 

CASH AND BANKS

8.059

9.281

9.334

CLIENTS

243.920

147.384

150.369

INVENTORY

153.278

117.884

91.354

RECOVERABLE TAXES

3.878

3.298

1.415

DEFERRED TAXES

 

 

6.395

PRE PAID EXPENSES

7.945

17.287

202

OTHER CREDITS

3.074

2.997

9.782

 

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

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

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

TOTAL CURRENT ASSETS

420.154

298.131

268.851

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

ACCOUNTS RECEIVABLES

9.050

7.566

1.712

JUDICIAL DEPOSITS

 

 

8.739

RECOVERABLE TAXES

15.704

14.630

11.993

DEFERRED TAXES

 

 

11.652

INVESTMENTS

 

 

1.151

OTHER CREDITS

31.819

118

66

BANK ESCROW ACCOUNT

9.109

31.166

 

PRE PAID EXPENSES

293

292

 

ACCOUNTS RECEIVABLES

152

15.166

 

 

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

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

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

TOTAL LONG-TERM RECEIVABLES

66.127

68.938

35.313

 

FIXED ASSETS:

 

 

 

 

 

 

 

FIXED ASSETS

238.624

209.259

174.743

INTANGIBLE

1.585

1.628

845

INVESTMENTS

19.459

17.663

 

 

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

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

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

TOTAL FIXED ASSETS

259.668

228.550

175.588

 

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

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

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

TOTAL ASSETS

745.949

595.619

479.752

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2013

31/12/2012

31/12/2011

 

 

 

 

SUPPLIERS

49.762

39.572

30.097

LOANS AND FINANCING

123.435

113.689

66.722

SOCIAL / LABOR OBLIGATIONS

19.074

20.420

18.057

TRIBUTARY OBLIGATIONS

17.115

15.322

9.037

PROVISIONS

 

 

72

DIVIDENDS

14.619

7.518

 

OTHER DEBTS

7.532

16.011

8.127

 

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

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

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

TOTAL CURRENT LIABILITIES

231.537

212.532

132.112

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

LOANS AND FINANCING

176.781

125.889

81.615

TAXES AND CONTRIBUTIONS

5.712

8.239

5.757

DEFERRED TAXES

5.948

444

21.972

ACCOUNTS PAYABLE

 

1.455

 

PROVISION FOR CONTINGENCIES

7.866

3.615

1.630

LABOR OBLIGATIONS

 

 

219

OTHER

6.677

4.228

855

 

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

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

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

TOTAL LONG TERM LIABILITIES

202.984

143.870

112.048

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

68.808

68.808

68.808

REVALUATION RESERVES

36.499

38.655

41.302

LEGAL RESERVES

7.612

3.646

782

RESERVES/TAX INCENTIVES

139.275

92.334

67.692

SUBVENTION RESERVES

 

2.676

2.675

OTHER COMPREHENSIVE INCOME

5.559

5.559

 

PROFIT RESERVES

50.999

27.539

2.632

ACCRUED PROFIT (LOSS)

 

 

2.986

PROFIT (LOSS) OF PERIOD

 

 

48.712

CAPITAL RESERVES

2.676

 

 

 

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

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

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

TOTAL NET EQUITY

311.428

239.217

235.589

 

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

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

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

TOTAL LIABILITIES

745.949

595.619

479.749

 

PROFIT AND LOSS ACCOUNTS AS OF 31/12/2013, 31/12/2012 AND 31/12/2011.

( FIGURES ARE IN THOUSANDS OF REAIS ).

 

 

31/12/2013

31/12/2012

31/12/2011

 

 

 

 

GROSS SALES

 

 

449.789

(-) TAXES ON SALES

 

 

70.426

 

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

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

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

NET SALES

561.526

366.862

379.363

(-) COST OF SOLD GOODS

329.432

214.244

225.706

 

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

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

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

GROSS PROFIT

232.094

152.618

153.657

OPERATING REVENUE (EXPENSE)

-88.705

-116.147

-70.778

FINANCIAL REVENUE(EXPENSE)

-41.241

-32.927

-28.306

 

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

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

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

OPERATIONAL PROFIT (LOSS)

102.148

3.544

54.573

CONTRIBUTION/INCOME TAX

-22.836

1.333

-5.861

 

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

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

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

NET PROFIT (LOSS)

79.312

4.877

48.712

 

RATIOS:

31/12/2013

31/12/2012

31/12/2011

 

QUICK RATIO

1,15

 

,85

 

1,34

 

CURRENT RATIO

1,81

 

1,40

 

2,04

 

ACCOUNTS RECEIVABLE TURNOVER

2,30

TIMES

2,49

TIMES

2,52

TIMES

DAYS' SALES IN RECEIVABLES

156,38

DAYS

144,63

DAYS

142,69

DAYS

INVENTORY TURNOVER

2,15

TIMES

1,82

TIMES

2,47

TIMES

ACCOUNTS PAYABLE PERIOD

54,38

DAYS

66,49

DAYS

48,00

DAYS

RETURN ON ASSETS

,75

TIMES

,62

TIMES

,79

TIMES

SALES TURNOVER ON NET EQUITY

1,80

TIMES

1,53

TIMES

1,61

TIMES

NET WORTH TIE-UP

,77

 

,87

 

,74

 

INDEBTEDNESS

1,40

 

1,49

 

1,04

 

EQUITY RATIO

41,75

%

40,16

%

49,11

%

WORKING CAPITAL RATIO

81,46

%

40,28

%

103,50

%

GENERAL SOLVENCY

1,72

 

1,67

 

1,96

 

RETURN ON NET EQUITY

25,47

%

2,04

%

20,68

%

RETURN ON SALES (PROFIT MARGIN)

14,12

%

1,33

%

12,84

%

GROSS PROFIT MARGIN

41,33

%

41,60

%

40,50

%

OPERATIONAL RESULT

18,19

%

,97

%

14,39

%

SALES TURNOVER ON LIABILITIES

2,43

TIMES

1,73

TIMES

2,87

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,23

 - OFFICIAL RATE ON 04/09/2014

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 SATISFACTORY FINANCIAL STANDING. THE LEVEL OF INDEBTEDNESS IS SOMEHOW HIGH BUT IT HAS GOOD LIQUIDITY RATIOS AND POSITIVE WORKING CAPITAL, CONSIDERED SUFFICIENT TO COVER THE SHORT TERM DEBTS. IN ADDITION, IT SHOWS RECOVERY IN SALES AND POSTED PROFIT.

 

REAL ESTATE:

 

   OWNED PREMISES ARE VALUED AT R$ 103.249.197,00

 

VEHICLES:

 

   OWNED VEHICLES ARE VALUED AT R$ 1.201.600,00

 

MACHINES:

 

   OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 25.492.900,90

 

 


INSURANCE

 

NOT AVAILABLE.

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

 

BANCO DO BRASIL S/A

3307-3 / 62 3216-5456

 

HSBC BANK BRASIL S/A BANCO MÚLTIPLO

62 3311-1177

 

BANCO SAFRA S/A

62 3235-4405

 

BANCO ITAÚ S/A

62 3215-5466

 

BANCO SANTANDER (BRASIL) S/A

62 3311-2244

 

BANCO SANTANDER (BRASIL) S/A

62 3224-3300

 

BANCO INDUSTRIAL E COMERCIAL S/A - BICBANCO

62 3224-3157

 

 

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").

 

 

ACTIVITIES COMMENTS

 

SUBJECT IS ENGAGED IN THE MANUFACTURE OF PHARMACEUTICALS

 

THE SUBJECT HAS A HIGH CONTROL OF QUALITY. BEFORE ENTERING THE PRODUCTION THE RAW MATERIALS IMPORTED FROM EUROPE ARE CHECKED AND STAY UNDER OBSERVATION FOR 40 DAYS UNTIL THEY ARE ANALYZED BY THE TECHNICIANS, AFTER THAT THEY ARE SENT TO THE PRODUCTION.

 

EACH MEDICINE HAS DIFFERENT PROCEEDING. THE PILLS FOR INSTANCE HAVE EVALUATION EACH 30 MINUTES.

 

THE SUBJECT BROUGHT FROM EUROPE EQUIPMENTS SUITABLE TO CONTROL THE TEMPERATURE AND THE HUMIDITY OF ITS AREAS.

 

TEUTO IS DIVIDED INTO SEVEN SECTORS: SOLIDS, SEMI-SOLIDS, LIQUID ORALS, INJECTION, ANTIBIOTICS, QUALITY CONTROL AND PHARMACY AND TECHNICAL DEVELOPMENT.

 

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

UNITED STATES, INDIA, SWITZERLAND, GERMANY AND ITALY.

 

   EXPORTS TO:

ANGOLA, ECUADOR, DOMINICAN REPUBLIC, MOZAMBIQUE AND IVORY COAST.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

PHONE:

COMERCIAL BRUNELLI LTDA

 

27 3521-2215

DIMEBEL DIST. MED. BEVILACOUA LTDA

 

45 3224-2333

DISTRIBUIDORA FARM. PANARELLO LTDA.

 

62 3257-7000

GAUCHAFARMA MEDICAMENTOS LTDA.

 

51 3338-1566

IMP. E EXP. IRMÃOS TAKEDA LTDA

 

92 3622-3535

INTERMED FARMACÊUTICA LTDA

 

32 3215-6973

MARTINS COM. IMP. EXP. LTDA

 

34 3218-1073

NORTE SUL MEDICAMENTOS LTDA

 

62 3317-1888

PRESTOFARMA COML. IMP. E EXP. LTDA

 

11 6110-9211

SAMALINS COM. REPRE. LTDA

 

14 3522-5688

SB COMÉRCIO LTDA

 

92 3643-3535

TAKEDA LTDA

 

92 3622-3535

WW DIST. MEDIC. LTDA

 

61 3399-8686

 

STAFF:

 

THE COMPANY HAS: 3247 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY OPERATING SINCE 1957. IT HAS A HIGH SCALE OF ACTIVITIES, CLEAR TRADE HISTORY AND AN EXCELLENT REPUTATION.

 

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 LAWSUITS REPORTED ARE NOT RELATED WITH TRADE DEBTS. THEY ARE RELATED TO TAX DEBTS THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID. NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUITS DO NOT AFFECT THE COMPANY'S TRADE REPUTATION.

 

OUR INVESTIGATION THROUGH THE PUBLIC SHOWED A PROTEST OF RELEVANT AMOUNT BUT IT DOES NOT AFFECT THE COMPANY'S REPUTATION GIVEN ITS HIGH SCALE OF ACTIVITIES. ACCORDING TO THE COMPANY SUCH PROTEST IS UNDUE AND IT IS BEING DISPUTED ON COURT.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

PHONE:

ALLPLAS LTDA

 

11 4613-1000

CARTOGRAFIA FENIX LTDA

 

31 3361-6199

CARTONAGEM ANAPOLINA LTDA.

 

62 3316-1033

CIEL CONFIANÇA IMP E EXPORTAÇÃO

 

21 3535-9550

COLORCON DO BRASIL LTDA.

 

11 4612-4262

COMPANHIA IND. DE VIDROS

 

11 3168-6766

GENIX INDUSTRIA FARMACÊUTICA LTDA (PURIFARMA)

 

11 2067-5600

INDUKERN DO BRASIL

 

11 3689-7665

ISP - INTERNACIONAL SPECIALITY PRODUCTS.

 

11 3649-0452

 

PAYMENT HISTORY:

 

25 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 1.832.472,00

 

AMOUNT OF INVOICES PAID: 297

TOTAL OF PROMPT PAYMENTS: 83%

TOTAL OF DELAYED PAYMENTS: 17%

 

HIGHEST INVOICE: R$ 119.452,00

HIGHEST CREDIT: R$ 119.452,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS:

 

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

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

3

4

R$ 4.484,92

 

 

FINAL OPINION

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS. UP TO DATE IT HAS CLEAR TRADE HISTORY AND GOOD PAYMENT RECORD.

 

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.

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.60.42

UK Pound

1

Rs.97.24

Euro

1

Rs.77.92

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

PDT

 

               

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 regarded 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.