MIRA INFORM REPORT

 

 

Report No. :

335688

Report Date :

08.08.2015

 

IDENTIFICATION DETAILS

 

Name :

VACCINAR INDÚSTRIA E COMÉRCIO LTDA

 

 

Registered Office :

Avenida Presidente Antônio Carlos,8005 Pavilhão 2 E 3 Níveis - Bairro São Luís 31275-083 - Belo Horizonte/Mg

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

23.10.1982

 

 

Legal Form :

Limited liability company

 

 

Line of Business :

Subject Is engaged in the manufacture of feeds for animals.

 

 

No. of Employees :

540

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate 

 

 

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

 

VACCINAR INDÚSTRIA E COMÉRCIO LTDA

 

 

ADDRESSES

 

MAIN ADDRESS:

AVENIDA PRESIDENTE ANTÔNIO CARLOS,8005 PAVILHÃO 2 E 3 NÍVEIS - BAIRRO SÃO LUÍS

ZIP CODE/CITY:

31275-083 - BELO HORIZONTE/MG

 

 

PHONE:

31 3448-5000

FAX:

31 3448-5089

E-MAIL:

juliana.marra@vaccinar.com.br

WEB SITE:

www.vaccinar.com.br

 

BRANCHES:

 

 

 

ADDRESS:

AVENIDA MARINGÁ,1500 - VILA EMILIANO PERNETA

ZIP CODE/CITY:

83320-970 PINHAIS/PR

PHONE:

41 3601-9201

CNPJ:

21.820.014/0008-06

 

 

ADDRESS:

RODOVIA SP 215 - KM,106 - SALA C - ZONA RURAL

ZIP CODE/CITY:

13690-000 DESCALVADO/SP

CNPJ:

21.820.014/0010-12

 

 

ADDRESS:

AVENIDA JOÃO DURVAL CARNEIRO,1634 - CENTRO

ZIP CODE/CITY:

44020-220 FEIRA DE SANTANA/BA

CNPJ:

21.820.014/0013-65

 

 

ADDRESS:

AVENIDA PRESIDENTE ANTONIO CARLOS,8005 PAVIMENTO 1º NIVEL - SÃO LUIZ

ZIP CODE/CITY:

31270-310 BELO HORIZONTE/MG

CNPJ:

21.820.014/0009-89

 

 

ADDRESS:

FAZENDA BURITI DO MEIO - S/Nº.,0

ZIP CODE/CITY:

35606-000 MARTINHO CAMPOS/MG

CNPJ:

21.820.014/0012-84

 

 

ADDRESS:

RODOVIA MG 164 - S/Nº. - KM,87 - ZONA RURAL

ZIP CODE/CITY:

35606-000 MARTINHO CAMPOS/MG

CNPJ:

21.820.014/0011-01

 

 

ADDRESS:

RODOVIA MG 164 - S/Nº. - KM,88 - ZONA RURAL

ZIP CODE/CITY:

35606-000 MARTINHO CAMPOS/MG

CNPJ:

21.820.014/0014-46

 

 

ADDRESS:

RUTA INTERNACIONAL, 7 - MONDAY KM 9 1/2,0 DEPART. ALTO PARANA/ - DEL ESTE

ZIP CODE/CITY:

99999-986 PARAGUAY/OP

CNPJ:

218200140

 

 

ADDRESS:

RODOVIA BR 262, S/Nº. KM,483 - ZONA RURAL

ZIP CODE/CITY:

35600-000 BOM DESPACHO/MG

CNPJ:

21.820.014/0016-08

 

 

ADDRESS:

ESTRADA ALMEIDA CAMPOS, S/Nº.,0 - ZONA RURAL

ZIP CODE/CITY:

38160-000 NOVA PONTE/MG

CNPJ:

21.820.014/0017-99

 

 

ADDRESS:

FAZENDA CERRADÃO, S/Nº.,0 - DISTRITO ALBERTO ISAACSON

ZIP CODE/CITY:

35606-000 MARTINHO CAMPOS/MG

CNPJ:

21.820.014/0015-27

 

 

ADDRESS:

RUA RIACHÃO,807 SALA 8, MEZANINO, LODULO 09-A - BAIRRO PRAZERES

ZIP CODE/CITY:

54335-025 JABOATÃO DOS GUARARAPES/PE

 

 

ADDRESS:

RUA CARLOS BARBOSA,3025 4-D - ZONA RURALVILA INDUSTRIAL

ZIP CODE/CITY:

85904-210 TOLEDO/PR

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF FEEDS FOR ANIMALS.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

23/10/1980

REGISTER DATE:

23/10/1980

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

21.820.014/0001-21

STATE REGISTER:

062308283.00-63

 

 

SHARE CAPITAL:

R$ 17.866.580,00

 

BOARD OF DIRECTORS:

 

 

 

NELSON DE SOUZA LOPES

MANAGING PARTNER

 

 

 

AUTHORIZED USE OF SIGNATURE

 

THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

NELSON DE SOUZA LOPES

99,90

FOX PARTICIPAÇÕES E NEGÓCIOS EMPRESARIAIS EIRELI

0,10%

 

AFFILIATES / SUBSIDIARIES:

A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS:

 

 FOX PARTICIPACOES E NEGOCIOS EMPRESARIAIS EIRELI

 DNA DANE NUTRIÇÃO ANIMAL LTDA

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON OCTOBER 23, 1980 AS ELETROAR - COMÉRCIO E INDÚSTRIA LTDA TO BE ENGAGED IN THE SAID LINE OF BUSINESS. LATER IT ADOPTED THE ABOVE-MENTIONED NAME.

 

TRADE NAME: "VACCINAR NUTRIÇÃO E SAÚDE ANIMAL".

 

 

PARTNERS:

 

NELSON DE SOUZA LOPES: BRAZILIAN, DIVORCED, HOLDER OF DOCUMENTS CPF 156.644.066-15, RG M-253-740 SSP/MG, RESIDENTIAL ADDRESS AT AV. PRESIDENTE ANTONIO CARLOS 8005, BELO HORIZONTE/MG;

 

FOX PARTICIPAÇÕES E NEGÓCIOS EMPRESARIAIS EIRELI: HEADQUARTERED AT AVENIDA PRESIDENTE ANTONIO CARLOS, 8005, PAVILHÃO 2 E 3 NIVEIS, BAIRRO SÃO LUIZ, ZIP CODE 31275-083, BELO HORIZONTE/MG, REGISTERED AT THE STATE OF MINAS GERAIS NOTARY OFFICE UNDER 31.600.083.620, TAXPAYER'S REGISTRATION UNDER CNPJ 19.017.803/0001-87.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

REMARKS:

--------

 

WHEN INTERVIEWED SOURCES AT THE SUBJECT STATED THAT ARE STILL WAITING FOR AUTHORIZATION FROM THE PRINCIPALS TO PROVIDE THE DATA NECESSARY TO COMPLETE THIS REPORT.

 

A REQUEST FOR FURTHER DATA HAS BEEN SENT TO THE COMPANY. PROVIDED THE DATA REQUESTED ARE RECEIVED FROM THE SUBJECT A COMPLEMENTARY REPORT WILL BE SENT TO YOUR ATTENTION.

 

THE DATA CONTAINED HEREIN WERE OBTAINED FROM OUTSIDE SOURCES, OUR DATABASE AND OFFICIAL. NO FURTHER DATA WAS AVAILABLE WITH SEVERAL SOURCES USUALLY INVESTIGATED.

 

PUBLIC INFORMATION:

 

NO DETRIMENTAL FILES WERE FOUND.

 

 

FINANCIAL INFORMATION

 

GENERAL BALANCE SHEETS AS OF 31/12/2011.

( FIGURES ARE IN REAIS ).

 

ASSETS

 

 

 

CURRENT:

31/12/2011

 

 

 

 

 

 

CASH AND BANKS

3.860.999,00

 

 

CLIENTS

34.456.462,00

 

 

INVENTORY

22.116.395,00

 

 

ADVANCE TO SUPPLIERS

4.802.934,00

 

 

RECOVERABLE TAXES

713.026,00

 

 

 

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

 

 

TOTAL CURRENT ASSETS

65.949.816,00

 

 

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

JUDICIAL DEPOSITS

85.613,00

 

 

ADVANCES

66.138,00

 

 

 

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

 

 

TOTAL LONG-TERM RECEIVABLES

151.751,00

 

 

 

FIXED ASSETS:

 

 

 

 

 

 

 

FIXED ASSETS

36.930.049,00

 

 

INVESTMENTS

289.375,00

 

 

 

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

 

 

TOTAL FIXED ASSETS

37.219.424,00

 

 

 

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

 

 

TOTAL ASSETS

103.320.991,00

 

 

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2011

 

 

 

 

 

 

SUPPLIERS

21.053.621,00

 

 

LOANS AND FINANCING

449.474,00

 

 

TAXES & CONTRIBUTIONS

1.067.883,00

 

 

INCOME TAX/SOCIAL CONTRIBUTION

274.323,00

 

 

LABOR PROVISIONS

1.161.702,00

 

 

INTERESTS ON OWN CAPITAL

1.700.844,00

 

 

OTHER

719.065,00

 

 

 

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

 

 

TOTAL CURRENT LIABILITIES

26.426.912,00

 

 

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

SUPPLIERS

2.391.587,00

 

 

LOANS AND FINANCING

1.370.947,00

 

 

TRIBUTARY OBLIGATIONS

113.538,00

 

 

OTHER

124.925,00

 

 

 

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

 

 

TOTAL LONG TERM LIABILITIES

4.000.997,00

 

 

 

DEFERRED INCOME

481.087,00

 

 

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

27.150.960,00

 

 

ACCRUED PROFIT (LOSS)

45.261.035,00

 

 

 

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

 

 

TOTAL NET EQUITY

72.411.995,00

 

 

 

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

 

 

TOTAL LIABILITIES

103.320.991,00

 

 

 

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

( FIGURES ARE IN REAIS ).

 

 

31/12/2011

 

 

 

 

 

 

GROSS SALES

210.517.951,00

 

 

(-) TAXES ON SALES

12.565.520,00

 

 

 

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

 

 

NET SALES

197.952.431,00

 

 

(-) COST OF SOLD GOODS

131.957.457,00

 

 

 

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

 

 

GROSS PROFIT

65.994.974,00

 

 

OPERATING REVENUE (EXPENSE)

-54.021.973,00

 

 

FINANCIAL REVENUE(EXPENSE)

3.372.602,00

 

 

 

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

 

 

OPERATIONAL PROFIT (LOSS)

15.345.603,00

 

 

NON-OPERATING RESULT

230.144,00

 

 

CONTRIBUTION/INCOME TAX

-4.858.491,00

 

 

 

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

 

 

NET PROFIT (LOSS)

10.717.256,00

 

 

 

MONTHLY SALES

 

  2012

 

 

 

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

 

 

JANUARY

R$ 17.349.480,40

 

 

FEBRUARY

R$ 17.560.916,35

 

 

MARCH

R$ 19.783.316,47

 

 

APRIL

R$ 19.391.219,36

 

 

MAY

R$ 21.267.240,99

 

 

JUNE

R$ 19.121.229,77

 

 

JULY

R$ 20.679.649,02

 

 

AUGUST

R$ 20.597.416,47

 

 

SEPTEMBER

R$ 20.173.742,69

 

 

OCTOBER

R$ 23.538.161,25

 

 

NOVEMBER

R$ 21.117.553,01

 

 

DECEMBER

 

 

 

TOTAL

R$ 220.579.925,78

 

 

 

RATIOS:

31/12/2011

 

 

 

QUICK RATIO

1,66

 

 

 

 

 

CURRENT RATIO

2,50

 

 

 

 

 

ACCOUNTS RECEIVABLE TURNOVER

5,75

TIMES

 

 

 

 

DAYS' SALES IN RECEIVABLES

62,66

DAYS

 

 

 

 

INVENTORY TURNOVER

5,97

TIMES

 

 

 

 

ACCOUNTS PAYABLE PERIOD

57,44

DAYS

 

 

 

 

RETURN ON ASSETS

1,92

TIMES

 

 

 

 

SALES TURNOVER ON NET EQUITY

2,73

TIMES

 

 

 

 

NET WORTH TIE-UP

,51

 

 

 

 

 

INDEBTEDNESS

,42

 

 

 

 

 

EQUITY RATIO

70,08

%

 

 

 

 

WORKING CAPITAL RATIO

149,56

%

 

 

 

 

GENERAL SOLVENCY

3,40

 

 

 

 

 

RETURN ON NET EQUITY

14,80

%

 

 

 

 

RETURN ON SALES (PROFIT MARGIN)

5,41

%

 

 

 

 

GROSS PROFIT MARGIN

33,34

%

 

 

 

 

OPERATIONAL RESULT

7,75

%

 

 

 

 

SALES TURNOVER ON LIABILITIES

7,49

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 ANNUAL FIGURES FOR 2011 SHOW GOOD FINANCIAL STANDING. IT HAS GOOD LIQUIDITY AND IMPORTANT WORKING CAPITAL, AS WELL AS LOW LEVEL OF INDEBTEDNESS. IN ADDITION, IT SHOWS GROWING SALES AND POSITIVE RESULT.

 

REAL ESTATE:

 

OWNED PREMISES ARE VALUED AT R$ 57.190.000,00

 

VEHICLES:

 

 OWNED VEHICLES ARE VALUED AT R$ 2.005.033,00

 

MACHINES:

 

 OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 3.383.270,00

 

 

INSURANCE

 

NOT AVAILABLE.

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

CITY:

BANCO DO BRASIL S/A

3394-4 VILA RICA / 31 3299-7900

BELO HORIZONTE/MG

BANCO BRADESCO S/A

1218 BARRO PRETO / 31 3295-5898

BELO HORIZONTE/MG

BANCO ITAÚ S/A

3179 ABRAHÃO CARAM / 31 3249-3691

BELO HORIZONTE/MG

BANCO SANTANDER (BRASIL) S/A

PAMPULHA / 31 3491-8050

BELO HORIZONTE/MG

 

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:

 

THE SUBJECT IS ENGAGED IN THE MANUFACTURE OF FEEDS FOR ANIMALS.

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

UNITED STATES, ARGENTINA, SPAIN, BELGIUM, FRANCE AND HOLLAND.

 

   EXPORTS TO:

DOES NOT EXPORT.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

 

NOT AVAILABLE.

 

 

 

STAFF:

 

THE COMPANY HAS: 540 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1980. SO FAR IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOUR.

 

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.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

CITY:

PHONE:

ADISSEO BRASIL LTDA

SANTO ANDRÉ/SP

11 3741-3560

AVENTIS ANIMAL NUTRITION BRASIL LTDA

 

11 3741-7764

BASF S/A

 

11 6421-0011

BUNGE FERTILIZANTES S/A

ARAXÁ/MG

34 3669-6221

CARAMURU ALIMENTOS LTDA

ITUMBIARA/GO

31 3697-7017

CJ DO BRASIL

PIRACICABA/SP

11 3717-8812

COPEBRAS LTDA

CATALAO/GO

64 3411-8305

ELI LILLY DO BRASIL LTDA

SÃO PAULO/SP

0800-11-2690

FERTILIZANTES SERRNA S/A

 

13 3854-9000

IICOM - MINERAÇÃO INDÚSTRIA E COMÉRCIO LTDA

 

31 3771-5700

IMPEXTRACO LATIN AMERICA LTDA

CURITIBA/SP

41 3302-0100

M. CASSAB COMÉRCIO INDÚSTRIA LTDA

 

11 3522-7788

MERIAL SAÚDE ANIMAL LTDA

CAMPINAS/SP

19 3707-5000

MICROSAL INDÚSTRIA E COMÉRCIO LTDA

CAPIVARI/SP

0800-55-5166

MINAS SUCATAS S/A

 

31 3626-9400

MOINHOS VERA CRUZ S/A

 

81 3641-6167

NOVUS DO BRASIL COMERCIO E IMPORTAÇÃO LTDA

INDAIATUBA/SP

51 3228-4488

PHIBRO SAÚDE ANIMAL INTERNACIONAL LTDA

GUARULHOS/SP

11 6472-4444

PIGMINAS PIMENTOS GERAIS

MATOZINHOS/MG

31 3712-1212

RAÇÕES RANORTE E ADUBOS DO NORTE LTDA

 

38 3214-1063

RHÔNE POULER ANIMAL NUTRITION BRASIL LTDA

 

11 3741-7764

SOLORRICO S/A INDÚSTRIA E COMÉRCIO

 

11 3253-5115

SUMITOMO CORPORATION DO BRASIL

 

11 4070-8403

TELAS UNIAO INDUSTRIA COMERCIO LTDA

 

31 3427-9600

 

PAYMENT HISTORY:

 

16 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 733.007,00

 

AMOUNT OF INVOICES PAID: 102

TOTAL OF PROMPT PAYMENTS: 99,2%

TOTAL OF DELAYED PAYMENTS: 0,8%

 

HIGHEST INVOICE: R$ 38.400,00

HIGHEST CREDIT: R$ 38.400,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 60 DAYS:

 

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

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

1

1

R$ 201,33

DUE WITHIN 60 DAYS

1

1

R$ 201,33

 

 

FINAL OPINION

 

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

 

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.63.81

UK Pound

1

Rs.98.93

Euro

1

Rs.69.66

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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.