MIRA INFORM REPORT

 

 

Report No. :

335548

Report Date :

08.08.2015

 

IDENTIFICATION DETAILS

 

Name :

CARGILL ALIMENTOS LTDA

 

 

Registered Office :

Rua Roupen Tilkian,77 Distrito Industrial - Hermelindo Ruete De Oliveira 13970-970 - Itapira/Sp

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

16.01.1995

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Subject is engaged in the manufacture of prepared feeds for farm animals and pets, including dogs, cats, birds, fish. Animal feed concentrated and feed supplements.

 

 

No. of Employees :

Not Available

 

 

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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. Since 2008, Brazil became a net external creditor and all three of the major 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. After reaching historic lows of 4.5% in early 2014, the unemployment rate remains low, but is rising. Brazil's traditionally high level of income inequality has declined for each of the last 15 years. GDP growth has slowed since 2011, due to several factors, including: overdependence on exports of raw commodities, low productivity, high operational costs, persistently high inflation, and low levels of investment. Brazil’s fiscal and current account balances have eroded during the past four years as the government attempted to boost economic growth through targeted tax cuts for industry and incentives to spur household consumption. After winning re-election in October 2014 by a historically narrow margin, President Dilma ROUSSEFF appointed a new economic team led by Finance Minister Joaquim LEVY, who introduced a fiscal austerity package intended to restore the primary account surplus to 1.2% of GDP and preserve the country’s investment-grade sovereign credit rating. Brazil seeks to strengthen its workforce and its economy over the long run by imposing local content and technology transfer requirements on foreign businesses, by investing in education through social programs such as Bolsa Familia and the Brazil Science Mobility Program, and by investing in research in the areas of space, nanotechnology, healthcare, and energy.

 

Source : CIA

 

 

 

Company Name

 

CARGILL ALIMENTOS LTDA

 

 

ADDRESSES

 

MAIN ADDRESS:

RUA ROUPEN TILKIAN,77 DISTRITO INDUSTRIAL - HERMELINDO RUETE DE OLIVEIRA

ZIP CODE/CITY:

13970-970 - ITAPIRA/SP

 

 

PHONE:

19 3813-9000

FAX:

19 3813-9000

E-MAIL:

anna_casarin@cargil.com

WEB SITE:

www.nutron.com.br

 

BRANCHES:

 

 

 

ADDRESS:

RODOVIA PR 182, KM 1,5,0 - TREVO ASSIS PALOTINA

ZIP CODE/CITY:

85906-300 TOLEDO/PR

CNPJ:

019.618.980-00

STATE REGISTER:

418.067.29-29

 

 

ADDRESS:

AVENIDA DR. JOSE BONIFÁCIO COUTINHO NOGUEIRA,150 SALA 602 - JARDIM MADALENA

ZIP CODE/CITY:

13091-611 CAMPINAS/SP

PHONE:

19 2101-5084

CNPJ:

01.961.898/0003-99

STATE REGISTER:

244.637.497.118

 

 

ADDRESS:

RODEIO CHATO, S/N°. MARGENS DA RODOVIA BR 480,0

ZIP CODE/CITY:

89802-000 CHAPECÓ/SC

CNPJ:

01.961.898/0004-70

STATE REGISTER:

253.904.889

 

 

ADDRESS:

RODOVIA SP 340, KM,152

ZIP CODE/CITY:

13800-000 MOGI MIRIM/SP

CNPJ:

01.961.898/0006-31

STATE REGISTER:

456.128.910.117

 

 

ADDRESS:

ALAMEDA A, Nş,175 GALPĂO II - CHÁCARA SĂO PEDRO

ZIP CODE/CITY:

74923-090 APARECIDA DE GOIÂNIA/GO

 

 

ADDRESS:

AV. JOSE BONIFACIO COUTINHO NOGUEIRA,150 SALA 601 - JARDIM MADALENA

ZIP CODE/CITY:

13091-611 CAMPINAS/SP

PHONE:

19 2101-5000

CNPJ:

01.961.898/0003-99

STATE REGISTER:

244.637.497.118

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF PREPARED ANIMAL FEEDS

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

16/01/1995

REGISTER DATE:

16/01/1995

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

01.961.898/0001-27

STATE REGISTER:

374.117.298.113

 

 

SHARE CAPITAL:

R$ 1.914.295.707,00

 

BOARD OF DIRECTORS:

 

 

 

LUIZ ANTONIO DOS SANTOS PRETTI

PRESIDENT DIRECTOR

CELSO DO AMARAL MELLO JUNIOR

DIRECTOR

SOLANGE MARQUES FERREIRA

DIRECTOR

PAULO HUMBERTO ALVES DE SOUSA

DIRECTOR

ANDREA WANDERLAY DOS ANJOS ROSATI

DIRECTOR

 

 

AUTHORIZED USE OF SIGNATURE

 

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

 

SHAREHOLDERS / PARTNERS:

 

 

 

CARGILL BRAZIL HOLDING II B.V (HOLLAND)

R$ 1.914.295.706,00

PROVIMI B.V (HOLLAND)

R$ 1,00

 

AFFILIATES / SUBSIDIARIES:

 

CARGILL AGRO LTDA

CARGILL HOLDING PARTICIPACOES LTDA

CARGILL NUTRICAO ANIMAL LTDA

CARGILL SPECIALTIES IND COM PRODS ALIMENTICIOS LTDA

CARGILL COMERCIALIZADORA DE ENERGIA LTDA

CARGILL AGRICOLA S/A

 

COMPANY'S BACKGROUND

 

SUBJECT STARTED-UP ON JANUARY 16, 1995, IN CAMPINAS/SP.

 

FOUNDED BY PROFESSIONALS WITH LONG YEARS OF EXPERIENCE IN THE ANIMAL NOURISHMENT FIELD. THEIR MAIN PROPOSAL WAS TO MEET THE CLIENT'S DEMANDS, WITH EFFICIENT AND ECONOMIC SOLUTIONS.

 

SINCE THE BEGINNING, PRODUCING WITH HIGH QUALITY, THE SUBJECT WENT FROM 235 TONS IN JANUARY UP TO 1080 IN DECEMBER IN THE SAME YEAR WITH ITS SECOND PLANT ALREADY OPERATING IN TOLEDO PR.

 

TAKING ADVANTAGE OF A SPECTACULAR GROWTH THROUGH YEARS AND YEARS, NUTRON, DREW THE ATTENTION OF THE AGRICULTURAL-INDUSTRIAL EUROPEAN GROUP ERIDANIA BÉGHIN-SAY, ONE OF THE WORLD'S TOP 100 COMPANIES, WHICH AUGUST 1997, SUMMED WITH THE SUBJECT.

 

INTEGRATING THE EBS'S ANIMAL NOURISHMENT DIVISION, ONE OF THE LARGEST IN THIS FIELD, THE SUBJECT BEGAN A NEW PHASE OF PROFESSIONAL AND TECHNOLOGICAL CO-OPERATION. IN 1999, HEADED THE "PREMIX" MARKET, WITH A MONTHLY OUTPUT OF 3200 TONS, 12 TIMES MORE THAN THE FIRST MONTH OF ACTIVITY.

 

IN ORDER TO BE ALWAYS READY TO MEET THE CLIENT'S NEEDS AND SERVE THEM WITH READINESS, THE SUBJECT COUNTS ON WITH 02 PLANTS AND AROUND 70 REPRESENTATIVES NATIONWIDE.

 

NUTRON BELONGS TO EBS GROUP, AN AGRICULTURAL-INDUSTRIAL ORGANIZATION, WITH PRESENCE IN SEVERAL EUROPEAN, ASIA AND CENTRAL, NORTH AND SOUTH AMERICA COUNTRIES, WITH OVER 200 COMPANIES AND 5 RESEARCH CENTERS IN THE ANIMAL FIELD.

 

THE POWERFUL INFRASTRUCTURE AND THE DIVERSIFIED KNOW-HOW OF THIS EUROPEAN LEADER IN ANIMAL NOURISHMENT, NOW INCLUDES NUTRON.

 

ON JANUARY 26, 2000, NUTRON HOLDING LTDA, TOOK OVER ITS CONTROLLED NUTRON ALIMENTOS LTDA, ALTERING ITS TAXPAYER'S REGISTRY (CNPJ) FROM 00.310.312.902/0001-63 TO 01.961.898/0001-27 AND CHANGED ITS LEGAL NAME TO NUTRON ALIMENTOS LTDA.

 

THE COMPANY HAS BEEN AWARDED THE ISO 9001 QUALITY CERTIFICATION.

 

ON FEBRUARY 04, 2014 THE CORPORATE NAME HAS CHANGED FROM "NUTRON ALIMENTOS LTDA" TO THE PRESENT REGISTERED ONE.

 

SHAREHOLDERS:

 

CARGILL BRAZIL HOLDINGS II B.V (HOLLAND): HEADQUARTERED AT COENHAVENWEG, 2,  ROTTERDAM, HOLLAND, REPRESENTED BY ITS ATTORNEY,MR. MAURICIO MANILE, BRAZILIAN, HOLDER OF DOCUMENTS CPF 124.975.718-56 AND RG 13.570.722-5-SP, RESIDENTIAL ADDRESS AT AVENIDA MORUMBI, 8234, BROOKLIN, ZIP CODE 04703-002, SĂO PAULO/SP;

 

PROVIMI B.V (HOLLAND): HEADQUARTERED AT VEERLAN 17-23, 3072 AN ROTTERDAM, HOLLAND, / REGISTRATION # CNPJ 05.717.225/0004-87;

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

 

PUBLIC INFORMATION:

 

LAWSUITS:

 

 

 

DATE:

COURT OF LAW:

 

1

FEDERAL LAWSUIT

02/04/12

VARA DE SP-ITAPIRA

5

STATE LAWSUITS

10/07/12

VARA DE SP-CAMPINAS

1

MUNICIPAL LAWSUIT

14/11/14

VARA DE SP-CAMPINAS

 

 

FINANCIAL INFORMATION

 

GENERAL BALANCE SHEETS AS OF 31/12/2011.

( FIGURES ARE IN THOUSANDS OF REAIS ).

 

ASSETS

 

 

 

CURRENT:

31/12/2011

 

 

 

 

 

 

CASH AND BANKS

10.617

 

 

SHORT TERM INVESTMENTS

28.127

 

 

CLIENTS

49.069

 

 

INVENTORY

30.734

 

 

RECOVERABLE TAXES

3.884

 

 

PREPAID EXPENSES

668

 

 

ADVANCE TO SUPPLIERS

1.254

 

 

OTHER CREDITS

1.342

 

 

 

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

 

 

TOTAL CURRENT ASSETS

125.695

 

 

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

RECOVERABLE TAXES

1.879

 

 

DEFERRED TAXES

6.794

 

 

JUDICIAL DEPOSITS

36

 

 

 

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

 

 

TOTAL LONG-TERM RECEIVABLES

8.709

 

 

 

FIXED ASSETS:

 

 

 

 

 

 

 

FIXED ASSETS

34.482

 

 

INVESTMENTS

1.169

 

 

INTANGIBLE

8.633

 

 

 

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

 

 

TOTAL FIXED ASSETS

44.284

 

 

 

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

 

 

TOTAL ASSETS

178.688

 

 

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2011

 

 

 

 

 

 

SUPPLIERS

47.286

 

 

TAXES & CONTRIBUTIONS

-937

 

 

LABOR OBLIGATIONS

8.004

 

 

PROVISIONS

5.147

 

 

OTHER DEBTS

5.628

 

 

DIVIDENDS

7.959

 

 

LEASING

84

 

 

ADVANCE FROM CLIENTS

1.029

 

 

DEBT WITH RELATED PARTIES

5.190

 

 

 

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

 

 

TOTAL CURRENT LIABILITIES

79.390

 

 

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

LOANS AND FINANCING

33

 

 

PROVISION FOR CONTINGENCIES

6.249

 

 

RELATED COMPANIES

3.564

 

 

DEFERRED TAXES

1.214

 

 

 

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

 

 

TOTAL LONG TERM LIABILITIES

11.060

 

 

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

25.825

 

 

PROFIT (LOSS) OF PERIOD

40.634

 

 

ACCRUED PROFIT (LOSS)

17.660

 

 

SUBVENTION RESERVES

4.119

 

 

 

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

 

 

TOTAL NET EQUITY

88.238

 

 

 

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

 

 

TOTAL LIABILITIES

178.688

 

 

 

PROFIT AND LOSS ACCOUNTS AS OF 31/12/2011.

( FIGURES ARE IN THOUSANDS OF REAIS ).

 

 

31/12/2011

 

 

 

 

 

 

NET SALES

487.174

 

 

(-) COST OF SOLD GOODS

326.267

 

 

 

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

 

 

GROSS PROFIT

160.907

 

 

OPERATING REVENUE (EXPENSE)

-100.796

 

 

FINANCIAL REVENUE(EXPENSE)

-78

 

 

 

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

 

 

OPERATIONAL PROFIT (LOSS)

60.033

 

 

CONTRIBUTION/INCOME TAX

-22.482

 

 

INTERESTS ON OWN CAPITAL

3.083

 

 

 

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

 

 

NET PROFIT (LOSS)

40.634

 

 

 

 

RATIOS:

31/12/2011

 

 

 

QUICK RATIO

1,20

 

 

 

 

 

CURRENT RATIO

1,58

 

 

 

 

 

ACCOUNTS RECEIVABLE TURNOVER

9,93

TIMES

 

 

 

 

DAYS' SALES IN RECEIVABLES

36,26

DAYS

 

 

 

 

INVENTORY TURNOVER

10,62

TIMES

 

 

 

 

ACCOUNTS PAYABLE PERIOD

52,17

DAYS

 

 

 

 

RETURN ON ASSETS

2,73

TIMES

 

 

 

 

SALES TURNOVER ON NET EQUITY

5,52

TIMES

 

 

 

 

NET WORTH TIE-UP

,39

 

 

 

 

 

INDEBTEDNESS

1,03

 

 

 

 

 

EQUITY RATIO

49,38

%

 

 

 

 

WORKING CAPITAL RATIO

58,33

%

 

 

 

 

GENERAL SOLVENCY

1,98

 

 

 

 

 

RETURN ON NET EQUITY

46,05

%

 

 

 

 

RETURN ON SALES (PROFIT MARGIN)

8,34

%

 

 

 

 

GROSS PROFIT MARGIN

33,03

%

 

 

 

 

OPERATIONAL RESULT

12,32

%

 

 

 

 

SALES TURNOVER ON LIABILITIES

6,14

TIMES

 

 

 

 

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 3,48

 - OFFICIAL RATE ON 05/08/2015

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 NORMAL FINANCIAL STANDING. THE LEVEL OF INDEBTEDNESS IS SLIGHTLY HIGH BUT IT IS MOST COMPRISED BY TRADE DEBTS. ON THE OTHER HAND IT HAS GOOD CURRENT RATIO AND POSITIVE WORKING CAPITAL, CONSIDERED SUFFICIENT TO COVER THE SHORT TERM DEBTS. FURTHER, IT SHOWS PROFIT.

 

 

REAL ESTATE:

 

OWNED PREMISES ARE VALUED AT R$ 781.000,00

 

VEHICLES:

 

NOT AVAILABLE

 

MACHINES:

 

   NOT AVAILABLE

 

 

INSURANCE

 

NOT AVAILABLE.

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

CITY:

BANCO BRADESCO S/A

0595-9 / 19 3735-9765

CAMPINAS/SP

BANCO ITAU S/A

0546 / 11 3708-8104

 

HSBC BANK BRASIL S/A

1195 / 11 3847-5385

 

BANCO DO BRASIL S/A

1893-7  /  11 2128-7273

 

 

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 PREPARED FEEDS FOR FARM ANIMALS AND PETS, INCLUDING DOGS, CATS, BIRDS, FISH. ANIMAL FEED CONCENTRATED AND FEED SUPPLEMENTS.

 

BALANCED RATIONS         92%

RESALE OF RAW MATERIAL   07%

VETERINARY CONSULTANCY   01%

 

FISH, SWINE, POULTRY, BEEF AND DAIRY CATTLE PRODUCTS:

 

RATION (CORE):

ESSENCIAL

PERFORMA

MAXIMA

 

RATION (PREMIX):

 

VITMIN

VIT

MICROMIN

 

SPECIAL PRODUCTS:

ADSORB

NOTOX

ACTIVEMOS

PHYZYME XP

PHYZYME XP TPT

AVIZYME

 

BEEF CATTLE:

 

SPECIAL PRODUCTS:

NUTRONBEEF INICIAL

NUTRONBEEF CRESCIMENTO

NUTRONBEEF REPRODUÇĂO

NUTRONBEEF CALF

NUTRONBEEF STEER

NUTRONBEEF BACKFAT

NUTRONBEEF TMR 1500 M

NUTRONBEEF GRANO ENTERO

 

DAIRY CATTLE:

 

SPECIAL PRODUCTS:

NUTRONLYT

DRENCH

MAELK

LEITEMIX

LACTAL

MILK SWEET

BOVILAC

 

SWINE:

 

SPECIAL PRODUCTS:

PORCOMEL

AMINOMIX

DEFENSE

DEFENCE PRECISE

PIG GROW

NUTRONLYT

CROMIUM

ENERGY

ZEOTEK

NUTRIHUME

BALANCED RATIONS         92%

RESALE OF RAW MATERIAL   07%

VETERINARY CONSULTANCY   01%

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

CHINA, U.S.A., ARGENTINA, BELGIUM, DENMARK, HOLLAND, SPAIN, INDIA, GERMANY AND SOUTH AFRICA.

 

   EXPORTS TO:

BOLIVIA, SOUTH AFRICA, CHILE, ARGENTINA AND VENEZUELA

 

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

PHONE:

ASA ALIMENTOS LTDA

 

61 3245-3733

COOP AGROP CASTROLANDA

 

42 3234-8000

COOP DE PROD. CONCORDIA LTDA

 

49 3441-6000

COOP REGIONAL ALFA LTDA

 

49 3321-7146

COOP. AGROINDUSTRIAL COPAGRIL

 

45 3284-1133

COOP. SUINOCULTORES DE ENCANTADO LTDA

 

51 3571-3000

COOP. TRITÍCOLA DE GETÚLIO VARGAS

 

54  337-3300

DIPLOMATA INDL. E COMERCIAL LTDA

 

45  326-2222

GLOBO AVES AVÍCOLA LTDA

 

45  218-2000

VITÓRIA AGROINDUSTRIAL LTDA

 

17  267-9500

 

STAFF:

 

   NOT AVAILABLE

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY OPERATING WITH A HIGH SCALE OF ACTIVITIES AND AN EXCELLENT TRADE REPUTATION. IT IS A LEADING COMPANY IN ITS LINE OF BUSINESS AND OPERATES WITH A CLEAR TRADE HISTORY.

 

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.

 

 

 

MAIN SUPPLIERS:

 

 

 

DOMESTIC SUPPLIERS:

PHONE:

AGRO QUIMICA MARINGA S/A

11 4056-9500

AJINOMOTO BIOLATINA

11 5080-6929

BASF S/A

11 2039-2776

CJ DO BRASIL IND. COM. PRODUTOS ALIM.

11 3717-8870

DEGUSSA S/A

11 3146-4100

ELI LILLY DO BRASIL LTDA

11 5532-6800

EVONIK S/A

11 3146-4100

PHIBRO SAÚDE ANIMAL INT. LTDA

11 6464-7344

 

 

PAYMENT HISTORY:

 

24 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 1.431.483,00

 

AMOUNT OF INVOICES PAID: 190

TOTAL OF PROMPT PAYMENTS: 99,5%

TOTAL OF DELAYED PAYMENTS: 0,5%

 

HIGHEST INVOICE: R$ 123.840,00

HIGHEST CREDIT: R$ 123.840,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS:

 

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

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

2

10

R$ 45.043,20

 

 

FINAL OPINION

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY. IT HAS A HIGH SCALE OF ACTIVITIES, A CLEAR TRADE HISTORY AND A GOOD PAYMENT RECORD.

 

BASED ON THE OVERALL 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 SIZE AND FINANCIAL STRENGTH.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.81

UK Pound

1

Rs.98.93

Euro

1

Rs.69.66

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

Report Prepared by :

TRU

 

               

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.