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Report No. : |
314621 |
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Report Date : |
08.04.2015 |
IDENTIFICATION DETAILS
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Name : |
VIAKEM S.A. DE C.V. |
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Registered Office : |
Arquitecto Pedro Ramírez Vázquez 200-11, Piso 9, Col. Valle Oriente |
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Country : |
Mexico |
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Date of Incorporation : |
16.10.1946 |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
Subject is engaged in the production of chemicals, mainly, pigments
and dyes for the textile, inks, plastic, paint, detergent and soaps sectors
and also for, school, construction and petroleum byproducts. |
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No. of Employees : |
800 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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Mexico |
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 |
MEXICO - ECONOMIC OVERVIEW
Mexico's $1.3 trillion
economy has become increasingly oriented toward manufacturing in the 20 years since
the North American Free Trade Agreement (NAFTA) entered into force. Per capita
income is roughly one-third that of the US; income distribution remains highly
unequal. Mexico has become the United States' second-largest export market and
third-largest source of imports. In 2013, two-way merchandise trade reached
nearly $507 billion. Mexico has free trade agreements with over 50 countries
including Guatemala, Honduras, El Salvador, the European Free Trade Area, and
Japan - putting more than 90% of trade under free trade agreements. In 2012
Mexico formally joined the Trans-Pacific Partnership negotiations and formed
the Pacific Alliance with Peru, Colombia and Chile. Mexico's current
government, led by President Enrique PENA NIETO, emphasized economic reforms
during its first year in office, passing education, energy, financial, fiscal
and telecommunications reform legislation. The three-party "Pact for
Mexico" reform agenda aims to improve competitiveness and economic growth
across the Mexican economy
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Source
: CIA |
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IDENTIFICATION |
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CORRECT COMPANY NAME |
VIAKEM S.A. DE C.V. |
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TRADE NAME |
VIAKEM |
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TAXPAYER REGISTRATION |
RFC PYO890309SV5 |
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MAIN ADDRESS |
Arquitecto Pedro Ramírez Vázquez 200-11, Piso 9, Col. Valle Oriente |
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POSTAL CODE |
66260 |
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DEPT/PROV/REGION/STATE |
San Pedro Garza García / Nuevo León |
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COUNTRY |
MEXICO |
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TELEPHONE |
(5281) 19586100 |
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CORPORATE E-MAIL |
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WEB |
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COMMENTS |
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The report was requested by the name of PYOSA SA DE CV We made it clear that the current and correct name of the company is
VIAKEM SA DE CV The right address is indicated in the heading. The address on the order
corresponds to one of the company premises. The order came without phone number. Please be advised that the
investigated company DOES NOT appear in the list of companies linked to
terrorism and drug trafficking published by OFAC, Office of Foreign Assets
Control of the United States Department of the Treasury (Clinton List). |
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Date of foundation |
1946 |
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permanent employees |
800 |
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Chief Executive |
ASSAM HELÚ, JORGE EMILIO |
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Disposition |
SATISFACTORY |
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Payments policy |
Usually to terms / good |
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Number of times that this company was required: 20 |
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REPUTATION |
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NOTHING AGAINST SUBJECT |
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LEGAL STRUCTURE |
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LEGAL STATUS |
Stock Company of Variable Capital |
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DATE OF INCORPORATION |
16OCT1946 |
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PLACE OF REGISTRY |
Monterrey, Nuevo León |
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NOTARY OFFICE |
DURATION |
99 years |
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REGISTRATION |
No.41, Page 139, Vol. 12, , 3rd Book, 2nd
Auxiliar |
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INITIAL CAPITAL |
Ps$.200,000 Pesos (old Pesos) |
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CURRENT EXCHANGE RATE (US$) |
Ps$15,23 per USD.1.00 |
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MEMBERSHIP |
ANIQ A.C.; COMCE NORESTE A.C.; ANAFAPYT |
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FULL NAMES / COMPANY NAME |
TITLE |
%PART. |
SINCE |
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ASSAM HELÚ, JORGE EMILIO |
Executive Director |
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GIL YANO, HÉCTOR MANUEL |
Adm and Finance Director |
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ASSAM HELÚ, JORGE EMILIO |
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TITLE |
Executive Director |
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NATIONALITY |
Mexican |
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CIVIL STATUS |
Married |
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PROFESSION |
Chemical Engineer-Administrator |
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BACKGROUND INFORMATION |
He has been the Executive Director since 1999; previously he was
responsible for the overall management of
PYOSA Fine Chemicals and other previous responsibilities related to
engineering process. Graduated from Instituto Tecnológico y de Estudios Superiores de
Monterrey (Class 1978), Professional License No. 516745. |
The Company was founded on October 16, 1946 under the name Pigmentos y
Óxidos S.A. and started operating in
1947 to be engaged in the production of chemicals, mainly, pigments and dyes
for the textile, inks, plastic, paint, detergent and soaps sectors and also
for, school, construction and petroleum byproducts.
Later , Pigmentos y Óxidos S.A. changed its name to Grupo Pyosa S.A. de
C.V.
According to Charter No.7544 (Vol.XIX, Book IV, Page 29), dated March 9,
1989, before Víctor M. Garza Salinas, Notary Public 67 of the City of
Monterrey, Nuevo León, it changed its name to PYOSA S.A. de C.V.
On June 17, 2009 Pyosa S.A. de C.V.
merged Financieracapi S.A. de C.V., surviving Pyosa S.A. de C.V. as
acquiring company; Financieracapi S.A. de C.V. dissapeared as merged company.
On October 21, 2010, Pyosa S.A. de C.V. split without extinction and
created a new company called Pyosa
Inmuebles S.A. de C.V.
On May 21, 2013, PYOSA SA de C.V. split without extinction and create a
new company called PYOSA Industries SAPI de C.V.
In December 2014, PYOSA SA de C.V. change its name to VIAKEM SA DE CV
History of Piosa
1930 - 1937
Don Rafael Fernández Saldaña, founder of PYOSA, founded along with his
brother Julio, the firm Convertibles Monterrey S.A., a firm devoted to trading
lead oxides in the State of Nuevo León.
A technological change in gasoline refining methods put an end to the
use of lead oxide as a sulfur eliminating agent. Having lost its main market, Convertibles
Monterrey was forced to close.
1938 - 1940
Don Rafael, at age 60, with his son Albert of 20 years, formed at the
end of 1938 a commercial and industrial and company under the name of Mercantil
Fernández.
In the commercial sector, they sterilized and packed Kremo wheat
breakfast cereal and conducted purchase - sale activities and commercial
representation of all kinds of products related to cream of wheat. In the industrial field, Mercantil Fernández
purchased raw litharge from Minera y Metalúrgica Peñoles foundry operations and
milled molten litharge, and then sold it to potters, battery manufacturers, and
others. Producing minium and lead oxides
was the first diversification of the company that was to become Mexico's leader
in this field.
1947 - 1954
In 1947 Pigmentos y Óxidos, S. A. (PYOSA) was duly incorporated. That
same year it started exporting lead litharge to accumulators makers in the USA
and competes with American producers including Eagle Picher, a company with
which manages a partnership that allows PYOSA to acquire more equipment and so
that it quadrupled its plant capacity.
1955 - 1952
In 1955, the Plant 2 is built, which will serve to increase the area of
pigments and textile dyes and certified colors for food, cosmetics and
pharmaceuticals. That same year Pigmentos y Óxidos merged and its subsidiary
Insecticidas Cruz Negra of agricultural chemical area.
In 1968, they began to produce dispersed colorants at Plant 3 and, by
1969, dispersed colorant production led the Company to develop solvent
colorants for Pemex to differentiate greases and oils and, later on, for
gasoline too. In 1971, Insecticidas Cruz
Negra was liquidated.
In the following years, true to its vision, PYOSA implemented actions to
transform itself in order to offer its customers more and better solutions, not
just through products but by integrating added value services too.
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COMPANY NAME |
COUNTRY |
TAX REG. |
RELATION % |
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PYOSA INDUSTRIAS S.A.P.I. DE C.V. |
MEXICO |
Related |
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Main activity |
The company focuses on the development, production and marketing of chemicals
of the highest quality available on the market. Also provides advice and technical support for the application of its
products in the transformation processes of its customers. |
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OPERATIONS |
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Import |
Yes |
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Country |
United States, Switzerland, France, Holland, China, India; direct
credit at 120 days |
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Export |
Yes |
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COUNTRY |
Countries in the 5 continents; direct credit at 90 days |
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% CASH SALES / METHOD |
35% |
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% Credit SALES / Terms |
70% - 30, 45 and 60 days |
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% Ventas exterior (Paises) |
35% |
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% DOMESTIC PURCHASES |
20% |
% FOREIGN PURCHASES |
80% |
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SELLING TerritorY |
Domestic market - 65% |
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EMPLOYEES |
800 |
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Comments |
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The Company serves a Group of Clients in Industrial Markets such as Ink,
Textiles, Paints, Plastics, Leather, Paper, fuels, detergents, Accumulators,
picture tubes, Agrochemicals and several Chemical Intermediates, among them: Main clients: PYOSA Industrias S.A.P.I. de C.V. (México) AromatProdutos Químicos Ltda. (Brazil) Sorein Ltda. (Colombia) Cipeq Cía. Ltda. (Ecuador) Resinas Chilenas Limitada (Chile) Abba Chem Supply C.A. (Venezuela) Chemsol de Guatemala, S.A. (Guatemala) Terrachem, S.A. (Dominican Republic) ChemcentroSdn BHD (Malaysia) Chemsource Enterprise Pte. Ltd. (Singapore) GultasKimyasalMad. Ith. San. Ve. Tic A.S. (Turkey) Vicco, S.A. (Peru) Color-Plast, S.R.L. (Argentina) Chemsol de Costa Rica S.A. (Costa Rica) |
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Disposition |
REPORT PREPARED FROM OUTSIDE SOURCES. |
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Interviewee(s) |
Héctor Manuel Gil Yano |
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Position(s) |
Director of Finance and Administration |
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Information provided |
After many efforts recently we contact Mr. Héctor Manuel Gil Yano (Director
of Finance and Administration) who by order of his superiors declined to
provide information to third parties and much less financial statements as
confidential. Therefore all information contained in this report was obtained
through a compilation of data from various external sources through which it
was not possible access of accounting figures or balances sheets. |
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SALES |
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FINANCIAL SITUATION |
SATISFACTORY Despite having no financial statements available,it is public
knowledge that the company operates without problems. |
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Property of company comments |
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The company has: - Vehicles - Furniture and Office Equipment - Computer equipment - Reactors to 20m³ - Analysis Laboratory - Pipes - Truck Tanks (Railway) - Sea Containers |
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INSURANCE |
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(Confidential Information)
TRADE REFERENCES
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Supplier: INDUSTRIA QUÍMICA DEL ITSMO S.A. DE
C.V. |
Tel.: 52 81 81582323 |
Country: MEXICO |
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Goods/Services? : Chemicals |
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Highest credit? : Ps$ Open |
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Client since? : Sv.years |
Terms? : 45 days |
Performance? : Prompt |
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Comments : Monthly average:
Ps$.1,700,000 Pesos. GOOD CLIENT |
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Supplier: AGENCIA ADUANERA DE AMÉRICA EN
MONTERREY S.C. |
Tel.: 52 81 88509100. |
Country: MEXICO |
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Goods/Services? : Customs service |
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Highest credit? : Ps$ Not specified |
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Client since? : Sv.years |
Terms? : Cash |
Performance? : Prompt |
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Comments : Good client |
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Supplier: POTOSINOS EXPRESS PACK S.A. DE C.V.
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Tel.: 52 81 83583637. |
Country: MEXICO |
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Highest credit? : n/a |
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Comments : No contact
achieved with supplier. |
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Note : Other suppliers did not provide information or could not be
consulted
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No delinquency was reported to Credit Bureau. |
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COMMENTS:
Found no bank debts owed by the Company in the last bulletin. Banks of the
country do not provide references about their clients. In both cases
unfortunately we can not give banking information.
BANCO SANTANDER (MÉXICO) S.A.
BANCO MERCANTIL DEL NORTE S.A.
Further information could not be obtained.
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Explanation about commercial reputation |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.33 |
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1 |
Rs.92.83 |
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Euro |
1 |
Rs.68.08 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
NIT |
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.