MIRA INFORM REPORT

 

 

Report No. :

352124

Report Date :

10.12.2015

 

IDENTIFICATION DETAILS

 

Name :

SIDERQUÍMICA INDÚSTRIA E COMÉRCIO DE PRODUTOS QUÍMICOS S/A

 

 

Registered Office :

Rodovia BR 376 S/Nº. KM 625 Caixa Postal 218 Miringuava Mirim

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

21.10.1993

 

 

Legal Form :

Privately Held Corporation

 

 

Line of Business :

Manufacture of industrial chemicals.

 

 

No. of Employee :

190

 

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 :

Slow but correct

 

 

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. 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. 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.

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 reelection 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

 

SIDERQUÍMICA INDÚSTRIA E COMÉRCIO DE PRODUTOS QUÍMICOS S/A

 

 

ADDRESSES

 

MAIN ADDRESS:

RODOVIA BR 376 S/Nº. KM 625 CAIXA POSTAL 218 MIRINGUAVA MIRIM

ZIP CODE/CITY:

83015-000 - SÃO JOSÉ DOS PINHAIS/PR

 

 

PHONE:

41 2105-3838/3810

FAX:

41 2105-3838

E-MAIL:

compras@siderquimica.com.br 

WEB SITE:

www.siderquimica.com.br

 

BRANCHES:

 

NOT AVAILABLE.

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF INDUSTRIAL CHEMICALS.

 

LEGAL FORM:

PRIVATELY HELD CORPORATION

 

 

INCORPORATION DATE:

21/10/1993

REGISTER DATE:

21/10/1993

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

73.586.976/0001-61

STATE REGISTER:

10507440-90

 

 

SHARE CAPITAL:

R$ 21.476.363,00

LAST REGISTER OF CAPITAL:

01/04/2008

 

BOARD OF DIRECTORS:

 

 

 

STEFANO BONETTI

PRESIDENT DIRECTOR

REGINALDO DE SOUZA HURGA

DIRECTOR

 

 

AUTHORIZED USE OF SIGNATURE

 

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

 

SHAREHOLDERS / PARTNERS:

 

 

 

S. BONETTI PARTICIPAÇÕES SOCIETÁRIAS LTDA

44,9%

THOMAS BONETTI

27,4%

ALEXANDER BONETTI

27,4%

 

 

AFFILIATES / SUBSIDIARIES:

 

 

 

ROCHESA S/A TINTAS E VERNIZES

 

SIDER FACTORING LTDA

 

SANQUIMICA PRODUTOS QUÍMICOS LTDA.

 

TOM DA COR COMÉRCIO DE TINTAS LTDA

 

PLEXBOND QUÍMICA NORDESTE S/A

 

TKL IMP. E EXP. DE PRODUTOS MÉDICOS E HOSPITALARES LTDA

 

VALENTINI INDÚSTRIAS MECÂNICAS LTDA

 

BONETTI IMÓVEIS LTDA.

 

DELSANTO DO BRASIL IMP., EXPORTAÇÃO E COM. DE ALIMENTOS LTDA

 

SANQUIMICA PRODUTOS QUIMICOS LTDA

 

S.B. CORANTES E LOGISTICA LTDA.

 

HURGA E SOARES CONFECÇOES LTDA

 

HURGA & HURGA LTDA

 

SAN STEFANO PARTICIPAÇÕES E EMPREENDIMENTOS

 

NUMISBRAS ND NUMISMATICA E ANTIGUIDADES

 

SIDER FACTORING LTDA

 

EDITORA MADEIRA E TECNOLOGIA LTDA

 

PH - COMPRA VENDA E INCORPORAÇÃO LTDA

 

ROCHESA NORDESTE TINTAS E VERNIZES S/A

 

SIDERQUIMICA NORDESTE S/A

 

PH REPRESENTAÇÕES COMERCIAIS LTDA

 

PJ ADMINISTRADORA DE BENS PRÓPRIOS LTDA

 

MAQTOM COMERCIO DE EMPILHADEIRAS LTDA

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON OCTOBER 21, 1993 AS SIDERQUÍMICA INDÚSTRIA E COMÉRCIO DE PRODUTOS QUÍMICOS LTDA. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. FEBRUARY 08 2000 IT ADOPTED THE ABOVE MENTIONED NAME AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN.

 

IN JUNE 1995 SUBJECT TOOK OVER THE SPLIT PART OF THE NET EQUITY OF SANQUIMICA PRODUTOS QUIMICOS LTDA., CNPJ 77.790.319/0001-92.

 

ON FEBRUARY 2000, THE LEGAL FORM WAS CHANGED FROM LIMITED LIABILITY COMPANY TO PRIVATELY HELD CORPORATION.

 

TRADE NAME: "SIDERQUIMICA"

 

SHAREHOLDERS AND DIRECTOR:

 

S.BONETTI PARTICIPAÇÕES SOCIETÁRIAS LTDA: HEADQUARTERED AT RODOVIA BR-376, KM 22,5, MIRINGUAVA MIRIM, S.J. DOS PINHAIS/PR. CNPJ 05.448.620/0001-01

 

ALEXANDER NONETTI: ITALIAN, MARRIED, HOLDER OF DOCUMENTS RE # W-008.358-V -SE/DPMAF/DPF AND CPF 864.491.689-00. RESIDENTIAL AT RUA JOHAN SEBASTIAN BACH, 50, CURITIBA/PR.

 

THOMAS BONETTI: ITALIAN, MARRIED, HOLDER OF DOCUMENTS RE # W-008.360-7 -SE/DPMAF/DPF AND CPF 864.491.929-68. RESIDENTIAL AT AV. VISC. DE GUARAPUAVA, 5405 APTO 1201, CURITIBA/PR;

 

STEFANO BONETTI: ITALIAN, MARRIED, ENTREPRENEUR, HOLDER OF DOCUMENTS RNE 0.686.154 SE/DPMAF/DPF AND CPF 444.358.949-04, RESIDENTIAL ADDRESS AT RUA DR. ALBINO FARRACHA DE CASTRO, 216, JARDIM COROADOS, ZIP CODE 82010-640, CURITIBA/PR.

 

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

 

PUBLIC INFORMATION:

 

NO DETRIMENTAL FILES WERE FOUND.

 

 

FINANCIAL INFORMATION

 

GENERAL BALANCE SHEETS AS OF 31/12/2014, 31/12/2013 AND 31/12/2012.

( FIGURES ARE IN REAIS ).

 

ASSETS

 

 

 

CURRENT:

31/12/2014

31/12/2013

31/12/2012

 

 

 

 

CASH AND BANKS

450.193,82

3.342.893,00

147.653,00

CLIENTS

43.331.100,81

39.315.776,00

41.028.704,00

INVENTORY

50.393.081,27

37.708.658,00

37.453.284,00

OTHER CREDITS

2.844.288,06

3.082.755,00

3.281.228,00

DIVIDENDS RECEIVABLES

4.906.953,59

1.907.754,00

8.267.665,00

RECOVERABLE TAXES

3.058.803,05

2.957.821,00

3.472.236,00

PREPAID EXPENSES

2.257.341,26

2.687.551,00

538.891,00

IMPORTS IN PROGRESS

1.970.853,20

1.090.380,00

900.324,00

 

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

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

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

TOTAL CURRENT ASSETS

109.212.615,06

92.093.588,00

95.089.985,00

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

INTERCOMPANY CREDITS

31.000.000,00

31.000.000,00

16.000.000,00

ACCOUNTS RECEIVABLES

5.087.799,38

4.135.000,00

4.135.000,00

 

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

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

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

TOTAL LONG-TERM RECEIVABLES

36.087.799,38

35.135.000,00

20.135.000,00

 

FIXED ASSETS:

 

 

 

 

 

 

 

INVESTMENTS

182.138,00

278.623,00

232.321,00

FIXED ASSETS

8.105.039,24

9.908.187,00

10.978.064,00

INTANGIBLE

71.130,99

 

17.377,00

 

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

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

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

TOTAL FIXED ASSETS

8.358.308,23

10.186.810,00

11.227.762,00

 

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

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

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

TOTAL ASSETS

153.658.722,67

137.415.398,00

126.452.747,00

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2014

31/12/2013

31/12/2012

 

 

 

 

SUPPLIERS

35.230.633,75

25.107.996,00

31.615.078,00

LOANS AND FINANCING

26.891.293,21

23.676.312,00

40.120.997,00

LABOR OBLIGATIONS

1.132.278,57

1.056.108,00

1.053.071,00

TAXES & CONTRIBUTIONS

4.931.054,53

4.622.988,00

1.980.009,00

OTHER

28.395,10

3.383.238,00

1.190.029,00

 

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

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

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

TOTAL CURRENT LIABILITIES

68.213.655,16

57.846.642,00

75.959.184,00

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

LOANS AND FINANCING

55.761.672,82

53.429.014,00

25.212.330,00

TAXES AND CONTRIBUTIONS

15.584.514,98

8.751.128,00

5.897.394,00

 

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

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

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

TOTAL LONG TERM LIABILITIES

71.346.187,80

62.180.142,00

31.109.724,00

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

21.476.363,00

21.476.363,00

21.476.363,00

LEGAL RESERVES

412.636,26

412.636,00

412.636,00

PROFIT (LOSS) OF PERIOD

 

-4.500.385,00

-2.572.362,00

PROFIT RESERVES

 

 

67.201,00

ACCRUED PROFIT (LOSS)

-7.790.119,55

 

 

 

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

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

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

TOTAL NET EQUITY

14.098.879,71

17.388.614,00

19.383.838,00

 

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

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

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

TOTAL LIABILITIES

153.658.722,67

137.415.398,00

126.452.746,00

 

PROFIT AND LOSS ACCOUNTS AS OF 31/12/2014, 31/12/2013 AND 31/12/2012.

( FIGURES ARE IN REAIS ).

 

 

31/12/2014

31/12/2013

31/12/2012

 

 

 

 

GROSS SALES

267.082.524,87

244.095.312,00

250.797.629,00

(-) TAXES ON SALES

51.491.440,24

46.979.905,00

51.358.367,00

 

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

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

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

NET SALES

215.591.084,63

197.115.407,00

199.439.262,00

(-) COST OF SOLD GOODS

162.597.572,73

146.937.251,00

132.349.792,00

 

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

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

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

GROSS PROFIT

52.993.511,90

50.178.156,00

67.089.470,00

OPERATING REVENUE (EXPENSE)

-45.394.279,59

-40.942.604,00

-52.977.632,00

FINANCIAL REVENUE(EXPENSE)

-10.888.967,02

-11.230.776,00

-16.684.200,00

 

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

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

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

OPERATIONAL PROFIT (LOSS)

-3.289.734,71

-1.995.224,00

-2.572.362,00

 

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

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

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

NET PROFIT (LOSS)

-3.289.734,71

-1.995.224,00

-2.572.362,00

 

MONTHLY SALES

 

  2015

 

 

 

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

 

 

JANUARY

R$ 23.560.997,66

 

 

FEBRUARY

R$ 20.118.081,99

 

 

MARCH

R$ 23.902.576,50

 

 

APRIL

R$ 21.828.999,48

 

 

MAY

R$ 18.915.754,97

 

 

JUNE

R$ 19.885.299,18

 

 

JULY

 

 

 

AUGUST

 

 

 

SEPTEMBER

 

 

 

OCTOBER

 

 

 

NOVEMBER

 

 

 

DECEMBER

 

 

 

TOTAL

R$ 128.211.709,78

 

 

 

RATIOS:

31/12/2014

31/12/2013

31/12/2012

 

QUICK RATIO

,86

 

,94

 

,76

 

CURRENT RATIO

1,60

 

1,59

 

1,25

 

ACCOUNTS RECEIVABLE TURNOVER

4,98

TIMES

5,01

TIMES

4,86

TIMES

DAYS' SALES IN RECEIVABLES

72,36

DAYS

71,80

DAYS

74,06

DAYS

INVENTORY TURNOVER

3,23

TIMES

3,90

TIMES

3,53

TIMES

ACCOUNTS PAYABLE PERIOD

78,00

DAYS

61,52

DAYS

86,00

DAYS

RETURN ON ASSETS

1,40

TIMES

1,43

TIMES

1,58

TIMES

SALES TURNOVER ON NET EQUITY

15,29

TIMES

11,34

TIMES

10,29

TIMES

NET WORTH TIE-UP

,57

 

,57

 

,57

 

INDEBTEDNESS

9,90

 

6,90

 

5,52

 

EQUITY RATIO

9,18

%

12,65

%

15,33

%

WORKING CAPITAL RATIO

60,10

%

59,20

%

25,19

%

GENERAL SOLVENCY

1,10

 

1,14

 

1,18

 

RETURN ON NET EQUITY

-23,33

%

-11,47

%

-13,27

%

RETURN ON SALES (PROFIT MARGIN)

-1,53

%

-1,01

%

-1,29

%

GROSS PROFIT MARGIN

24,58

%

25,46

%

33,64

%

OPERATIONAL RESULT

-1,53

%

-1,01

%

-1,29

%

SALES TURNOVER ON LIABILITIES

3,16

TIMES

3,41

TIMES

2,63

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 3,76

 - OFFICIAL RATE ON 25/11/2015

US$ 1,00 = R$ 2,65

 - OFFICIAL RATE ON 31/12/2014

US$ 1,00 = R$ 2,34

 - OFFICIAL RATE ON 31/12/2013

US$ 1,00 = R$ 2,04

 - OFFICIAL RATE ON 31/12/2012

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS.

 

THE ANNUAL FIGURES FOR 2014 SHOW A DELICATE FINANCIAL STANDING. THE LEVEL OF INDEBTEDNESS IS VERY HIGH AND IS MAINLY COMPRISED BY SHORT AND LONG TERM FINANCIAL DEBTS. DESPITE THIS SCENARIO IT HAS GOOD CURRENT RATIO AND POSITIVE WORKING CAPITAL, CONSIDERED SUFFICIENT TO COVER THE SHORT TERM DEBTS. IT SHOWS RECOVERY IN SALES BUT THE HIGH OPERATING AND FINANCIAL EXPENSES DROVE THE COMPANY TO MAKE LOSS.

 

REAL ESTATE:

 

   OWNED PREMISES ARE VALUED AT R$ 1.895.514,00

 

VEHICLES:

 

   OWNED VEHICLES ARE VALUED AT R$ 1.551.451,00

 

MACHINES:

 

   OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 2.408.661,00

 

 

INSURANCE

 

INSURANCE COMPANY:

MARITIMA SEGUROS S/A

COVERAGE:

FIRE, RAY, EXPLOSION AND STRIKE

VALUE:

R$ 40.000.000,00

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

CITY:

BANCO BRADESCO S/A

3645-5 / 41 3026-9769

CURITIBA/PR

 

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: NOVEMBER 25, 2015.

 

 

ACTIVITIES COMMENTS

 

THE SUBJECT IS ENGAGED IN THE MANUFACTURE OF INDUSTRIAL CHEMICALS, SUCH AS: LUBRICANTS, ANTICORROSIVE SUBSTANCES, HYDRAULIC FLUIDS AND PRODUCTS FOR THE STEEL, TEXTILE, PLASTIC, PAPER AND GLASS INDUSTRIES.

 

THE SUBJECT MAY ALSO IMPORT, EXPORT AND PARTICIPATE IN OTHER BUSINESSES.

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

UNITED STATES, GERMANY, CHINA, HOLLAND, SWEDEN AND TAIWAN.

 

   EXPORTS TO:

CHILE.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

 

IGARAS PAPEIS

 

 

TEKA TECELAGEM

 

 

VOTORANTIM CELULOSE E PAPEL

 

 

 

STAFF:

 

THE COMPANY HAS: 190 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS A COMPANY IN BUSINESS SINCE 1993. IT HAS A SUCCESSFUL TRADE HISTORY AND HAS BEEN OPERATING WITHOUT ANY INCONVENIENT. IT SHOWS A CLEAR TRADE HISTORY AND GOOD REPUTATION, BEING IN RELATION WITH IMPORTANT SUPPLIERS AND CUSTOMERS IN THE LOCAL MARKET.

 

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:

 

PHONE:

A. AZEVEDO IND. E COM. DE OLEOS LTDA

 

11 3806-4800

AKZO NOBEL LTDA.

 

11 4591-8800

ARCH QUIMICA BRASIL LTDA

 

11 4028-8036

BANDEIRANTE BRAZMO IND. E COM. LTDA

 

47 3438-6721

BASF S/A

 

11 4343-2958

BLUESTAR SILICONES BRASIL LTDA

 

19 3874-8068

BORDEN QUÍMICA S/A

 

41 3212-1600

BRENNTAG QUÍMICA BRASIL LTDA

 

47 2105-1000

BRESSAN IND. COM. EMBALAGENS

 

51 3466-8765

BUCKMAN LABORATÓRIOS LTDA

 

19 3864-5000

BUSCHLE & LEPPER S/A

 

41 3275-7577

CELANESE CHEMICALS

 

11 5683-7427

CERALIT S/A

 

19 3281-1488

CLARIANT S/A

 

11 5683-7553

COINBRA FRUTESP S/A

 

17 3344-6056

DOW CORNING DO BRASIL LTDA.

 

19 3887-9797

DOW QUÍMICA S/A

 

11 5188-9162

DU PONT DO BRASIL S/A

 

11 4166-8135

FOOTHILLS IND. E COM. LTDA

 

11 5033-2888

GE-OSI IND. DE SILICONES LTDA

 

11 4789-8321

INNOVA S/A

 

11 5507-6227

IPIRANGA COMERCIAL QUÍMICA S/A

 

0800-5102418

IQ SOLUÇÕES & QUIMICA S/A

 

0800-7017741

LANXESS LTDA

 

11 3741-1539

M. CASSAB COM. E IND. LTDA

 

 

MAKENI CHEMICALS COM. IND. QUIMICA. LTDA

 

11 4360-6400

MOMENTIVE PERFOMANCE LTDA

 

11 4534-9600

OXITENO S/A IND. COM.

 

11 3177-6666

PETROBRAS DISTRIBUIDORA S/A-BR

 

47 3348-6735

QUAKER CHEMICAL IND. COM. S/A

 

21 3305-1800

RIGESA CELULOSE, PAPEL E EMBALAGENS

 

47 3221-5333

ROYALPLAST IND. E COMÉRCIO LTDA

 

11 6462-2600

SNF DO BRASIL LTDA

 

11 2303-4290

SOLVAY QUÍMICA LTDA

 

11 3708-5276

SULATLANTICA IMP. E EXP. LTDA

 

21 2471-4923

SULATLANTICA IMP. E EXP. LTDA

 

21 2471-4923

SYNTEKO S/A

 

41 2105-7526

ULTRAFERTIL S/A

 

13 3362-0317

UNA PROSIL LTDA

 

11 4898-8090

WACKER QUIMICA DO BRASIL LTDA

 

11 4789-8320

 

PAYMENT HISTORY:

 

18 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 134.101,00

 

AMOUNT OF INVOICES PAID: 76

TOTAL OF PROMPT PAYMENTS: 93,5%

TOTAL OF DELAYED PAYMENTS: 6,5%

 

HIGHEST INVOICE: R$ 8.271,00

HIGHEST CREDIT: R$ 14.750,00

 

 

FINAL OPINION

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS. UP TO DATE IT HAS A SATISFACTORY FINANCIAL STANDING BUT 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.

 

DESPITE THE LOSS, A CREDIT LIMIT OF US$ 1.000.000,00 MAY BE CONSIDERED. HIGHER AMOUNTS SHOULD BE GRANTED TAKING THE APPROPRIATE CAUTION.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.75

UK Pound

1

Rs.100.29

Euro

1

Rs.72.89

BRL

1

Rs. 17.71

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

TRI

 

 

Report Prepared by :

ASH

 

 

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

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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%)

 

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.