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Report No. : |
335305 |
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Report Date : |
08.08.2015 |
IDENTIFICATION DETAILS
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Name : |
EDNAH INDUSTRIA E COMERCIO DE PRODUTOS METALURGICOS LTDA - E.P.P |
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Formerly Known As : |
VILAG COMERCIO E SERVIÇOS LTDA |
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Registered Office : |
Rua Doutor Miguel Vieira Ferreira,573 - Chacaras Boa Vista 13185-072 – Hortolandia Sp |
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Country : |
Brazil |
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Date of Incorporation : |
11.07.1995 |
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Legal Form : |
Limited liability company |
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Line of Business : |
Development And Manufacture of Refiner Plates and Conical Fillings For
All Applications. |
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No. of Employees : |
23 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
Slow but correct |
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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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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. 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.
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Source
: CIA |
EDNAH INDUSTRIA E
COMERCIO DE PRODUTOS METALURGICOS LTDA - E.P.P
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MAIN ADDRESS: |
RUA DOUTOR MIGUEL VIEIRA FERREIRA,573 - CHACARAS BOA VISTA |
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ZIP CODE/CITY: |
13185-072 - HORTOLANDIA/SP |
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PHONE: |
19 3887-1420 |
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FAX: |
19 3887-1550 |
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E-MAIL: |
aline.silva@techmelt.com |
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WEB SITE: |
www.techmelt.com |
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BRANCHES: |
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NOT AVAILABLE |
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MAIN ACTIVITIES: |
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PRECISION METALLURGY. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
11/07/1995 |
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REGISTER DATE: |
11/07/1995 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
00.760.296/0001-49 |
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STATE REGISTER: |
748.138.834.117 |
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SHARE CAPITAL: |
R$ 100.000,00 |
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BOARD OF
DIRECTORS: |
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LUIZ CESAR GASTÃO |
MANAGING PARTNER |
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SINTYA CRISTINA GASTÃO |
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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LUIZ CESAR GASTÃO |
50,00% |
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SINTYA CRISTINA GASTÃO |
50,00% |
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AFFILIATES /
SUBSIDIARIES: |
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NOT AVAILABLE |
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THE SUBJECT WAS ESTABLISHED ON JULY 11, 1995 AS "VILAG COMERCIO E
SERVIÇOS LTDA". TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON DECEMBER
20, 1999 IT ADOPTED THE NAME "VILAG COMERCIO E SERVIÇOS LTDA" AND
ON AUGUST 07, 2007 IT ADOPTED THE ABOVE MENTIONED NAME. THE COMPANY OPERATES WITH THE TRADE NAME "TECHMELT". PARTNERS: LUIZ CESAR GASTÃO, BRAZILIAN, HOLDER OF DOCUMENTS, CPF 119.266.418-33
AND RG 19628439 SSP/SP, RESIDENTIAL ADDRESS AT RUA FRANCISCO AMENDOLA, 21,
JD. PAINEIRAS - CAMPINAS/SP; SINTYA CRISTINA GASTÃO, BRAZILIAN, HOLDER OF DOCUMENTS, CPF
249.990.828-96 AND RG 1945968 SSP/SP, RESIDENTIAL ADDRESS AT RUA FRANCISCO
AMENDOLA, 21, JD. PAINEIRAS - CAMPINAS/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. ELINE, 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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PROTESTS: |
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9 PROTESTS,TOTAL AMOUNT R$
66.068,43 |
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DATE OF FIRST PROTEST:
12/2013 R$ 8.914,06 |
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DATE OF HIGHEST PROTEST:
06/2014 R$ 9.082,69 |
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DETAILS OF LATEST PROTESTS: |
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NOTARY OFFICE: |
DATE: |
VALUE: |
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1º CARTORIO SUMARE/SP |
31/03/2014 |
R$ 9.082,69 |
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1º CARTORIO SUMARE/SP |
18/06/2014 |
R$ 8.914,06 |
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1º CARTORIO SUMARE/SP |
22/05/2014 |
R$ 9.082,69 |
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1º CARTORIO SUMARE/SP |
25/04/2014 |
R$ 9.082,69 |
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1º CARTORIO SUMARE/SP |
26/06/2014 |
R$ 9.082,69 |
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LAWSUITS: |
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DATE: |
COURT OF LAW: |
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1 |
FEDERAL LAWSUIT |
01/02/13 |
2ª VARA DE HORTOLANDIA/SP |
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DUE TO THE SUBJECT'S LEGAL FORM, IT IS NOT OBLIGED TO PUBLISH THE BALANCE
SHEET INFORMATION. WHEN INTERVIEWING SOURCES AT THE SUBJECT COMPANY DECLINED
TO PROVIDE ANY KIND OF FINANCIAL INFORMATION. OUTSIDE SOURCES CONTACTED SHOWED NO FINANCIAL DATA ABOUT THIS COMPANY.
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EXCHANGE RATE: |
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US$ 1,00 = R$ 3,53 |
- OFFICIAL RATE ON 06/08/2015 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
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IN THE ABSENCE OF FINANCIAL INFORMATION NO COMMENTS CAN BE MADE ABOUT
THE SUBJECT'S CURRENT FINANCIAL STANDING. |
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REAL ESTATE: |
NOT AVAILABLE
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VEHICLES: |
NOT AVAILABLE
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MACHINES: |
NOT AVAILABLE
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NOT AVAILABLE |
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NOT AVAILABLE |
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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"). DATE RESEARCHED: AUGUST 06, 2015. |
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DEVELOPMENT AND MANUFACTURE OF REFINER PLATES AND CONICAL FILLINGS FOR
ALL APPLICATIONS. |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
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NOT AVAILABLE |
EXPORTS TO:
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NOT AVAILABLE |
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MAIN CLIENTS: |
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DOMESTIC CLIENTS: |
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NOT AVAILABLE |
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STAFF: |
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THE COMPANY HAS: 23 EMPLOYEE(S) |
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THE SUBJECT WAS ESTABLISHED IN 1995. IT HAS A TRADE HISTORY BLEMISHED BY
SOME PROTESTS, SHOWING THAT AT THAT TIME THE COMPANY FAILED TO ACCOMPLISH ITS
COMMITMENTS WITH SEVERAL CREDITORS / SUPPLIERS. 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. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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NOT AVAILABLE |
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PAYMENT HISTORY: |
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1 SUPPLIER REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 148.030,00 |
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AMOUNT OF INVOICES PAID: 69 |
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TOTAL OF PROMPT PAYMENTS: 77,3% |
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TOTAL OF DELAYED PAYMENTS: 22,7% |
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HIGHEST INVOICE: R$ 3.980,59 |
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HIGHEST CREDIT: R$ 3.980,59 |
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OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
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--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
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DUE WITHIN 30 DAYS |
1 |
2 |
R$ 3.654,33 |
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BASED ON THE GENERAL INFORMATION AVAILABLE IT IS RECOMMENDED DEALING
UNDER FULLY SECURED TERMS ONLY. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.81 |
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UK Pound |
1 |
Rs.98.93 |
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Euro |
1 |
Rs.69.66 |
INFORMATION DETAILS
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Analysis Done by
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KAS |
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Report Prepared
by : |
TRU |
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.