|
Report No. : |
353502 |
|
Report Date : |
16.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
LANXESS ELASTÔMEROS DO BRASIL S/A |
|
|
|
|
Registered Office : |
Rua Marumbi,600 Parte - Campos Elíseos, 25221-000 - Duque De Caxias/RJ |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
11.02.1977 |
|
|
|
|
Legal Form : |
Privately Held Corporation |
|
|
|
|
Line of Business : |
Manufacture of petrochemicals and chemicals |
|
|
|
|
No. of Employee : |
413 |
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. 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 |
LANXESS
ELASTÔMEROS DO BRASIL S/A
|
MAIN ADDRESS: |
RUA MARUMBI,600 PARTE - CAMPOS ELÍSEOS |
|
ZIP CODE/CITY: |
25221-000 - DUQUE DE CAXIAS/RJ |
|
|
|
|
PHONE: |
21 2677-1241 |
|
FAX: |
21 2677-1241 |
|
E-MAIL: |
anderson.faria@lanxess.com |
|
WEB SITE: |
www.lanxess.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RODOVIA BR 386 - TABAÍ/CANOAS - KM,419 - VIA DE CONTORNO, 920 -
COMPLEXO BÁSICO - POLO PETROQUÍMICO |
|
ZIP CODE/CITY: |
95853-000 TRIUNFO/RS |
|
PHONE: |
51 2108-3200 |
|
FAX: |
51 2108-3324 |
|
CNPJ: |
29.667.227/0006-81 |
|
|
|
|
ADDRESS: |
RODOVIA BR 101 - KM,99 |
|
ZIP CODE/CITY: |
54510-900 CABO/PE |
|
PHONE: |
81 2119-7300 |
|
|
|
|
ADDRESS: |
AV MARIA COELHO AGUIAR,215 BLOCO B, 2º ANDAR - JD. SÃO LUIZ |
|
ZIP CODE/CITY: |
05804-902 SÃO PAULO/SP |
|
PHONE: |
11 3741-2500 |
|
|
|
|
ADDRESS: |
RUA MARUMBI,600 - CAMPOS
ELISEOS |
|
ZIP CODE/CITY: |
25.221-00 DUQUE DE CAXIAS/RS |
|
CNPJ: |
29.667.227/0003-09 |
|
THE COMPANY ALSO HAS OTHER BRANCHES LOCATED IN: CABO DE SANTO AGOSTINHO/PE,
DUQUE DA CAXIAS/RJ, RIO DE JANEIRO/RJ, SÃO PAULO/SP, SANTOS/SP AND
TRIUNFO/RS. |
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF PETROCHEMICALS AND CHEMICALS. |
|
LEGAL FORM: |
PRIVATELY HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
11/02/1977 |
|
REGISTER DATE: |
11/02/1977 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
29.667.227/0001-77 |
|
STATE REGISTER: |
80.192.460 |
|
|
|
|
SHARE CAPITAL: |
R$ 555.847.303,56 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
MARCELO LACERDA SOARES NETO |
PRESIDENT DIRECTOR |
|
FREDERIC ALEXANDRE CHARLES SCHOTT |
ADM./FINANCIAL DIRECTOR |
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
LANXESS INTERNATIONAL HOLDING GMBH |
99,99% |
|
LANXESS DEUTSCHLAND GMBH. |
0,01% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
LANXESS INDÚSTRIA DE PRODUTOS QUÍMICOS E PLÁSTICOS LTDA |
|
|
THE SUBJECT WAS ESTABLISHED ON FEBRUARY 11, 1977 AS PETROFLEX
INDÚSTRIA E COMÉRCIO S/A., TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON
FEBRUARY 03, 2009 IT ADOPTED THE ABOVE-MENTIONED NAME. ON OCTOBER 16, 2008, THE CONTROL OF THE COMPANY WAS TRANSFERRED TO
LANXESS INTERNATIONAL HOLDING GMBH. THE PREVIOUS SHAREHOLDER "LANXESS
PARTICIPAÇÕES LTDA" WAS TAKEN OVER BY IN DECEMBER 2008 BY LANXESS
ELASTÔMEROS DO BRASIL S/A. THE CONTACTS WERE MADE THROUGH THE COMPANY OF THE GROUP LANXESS
INDÚSTRIA DE PRODUTOS QUÍMICOS E PLÁSTICOS LTDA, CNPJ 06.176.436/0001-12,
PHONE 11 3741-2500. CERTIFICATIONS: ISO 9001 ISO 14001. DIRECTORS: MARCELO LACERDA SOARES NETO: BRAZILIAN, LAWYER, MARRIED, HOLDER OF
DOCUMENTS RG 11.389.478-8 SSP/SP AND CPF 701.701.697-15; FREDERIC ALEXANDRE CHARLES SCHOTT: FRENCH, ENTREPRENEUR, MARRIED,
HOLDER OF DOCUMENTS RNE V851546-0 AND CPF 235.513.268-27, WITH ADDRESS AT
AVENIDA MARIA COELHO DE AGUIAR, 215, BLOCO B, 2º ANDAR, JARDIM SÃO LUIZ, ZIP
CODE 05804-902, SÃO PAULO/SP. THE REGISTERED SHARE CPAITAL IS R$ 555.847.303,56, A LITTLE DIFERENT
FROM THE ONE SHOWN IN THE BALANCE SHEET. THE COMPANY DID NOT PROVIDE
CLARIFICATION ABOUT IT. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
PROTESTS: |
|
3 PROTESTS,TOTAL AMOUNT R$
9.383,14 |
|
DETAILS OF LATEST PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
2º CARTÓRIO DE RJ-DUQUE DE CAXIAS |
28/08/2015 |
R$ 310,50 |
|
2º CARTÓRIO DE PE-CABO |
28/09/2015 |
R$ 4.970,89 |
|
2º CARTÓRIO DE PE-CABO |
27/04/2015 |
R$ 4.101,75 |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
5 |
FEDERAL LAWSUITS |
12/01/12 |
1ª VARA DE RJ-DUQUE DE CAXIAS |
|
GENERAL BALANCE SHEETS AS OF 31/12/2014, 31/12/2013 AND 31/12/2012. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
CASH AND BANKS |
61.119 |
69.437 |
24.034 |
|
CLIENTS |
282.944 |
291.270 |
247.630 |
|
INVENTORY |
199.531 |
163.567 |
211.097 |
|
DERIVATIVES OPERATIONS |
1.443 |
18 |
6.155 |
|
RECOVERABLE TAXES |
48.147 |
41.196 |
55.704 |
|
OTHER |
925 |
621 |
682 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
594.109 |
566.109 |
545.302 |
|
LONG-TERM RECEIVABLES:
|
|
|
|
|
|
|
|
|
|
CREDITS |
1.023 |
71.163 |
171.531 |
|
DEFERRED TAXES |
216.890 |
228.195 |
189.789 |
|
RECOVERABLE TAXES |
21.362 |
41.150 |
55.264 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
239.275 |
340.508 |
416.584 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
1.341 |
1.494 |
3.368 |
|
FIXED ASSETS |
341.777 |
333.228 |
321.467 |
|
INTANGIBLE |
2.235 |
2.866 |
3.155 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
345.353 |
337.588 |
327.990 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
1.178.737 |
1.244.205 |
1.289.876 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
LOANS AND FINANCING |
|
|
25.784 |
|
SUPPLIERS |
54.093 |
48.320 |
104.296 |
|
TAXES & CONTRIBUTIONS |
8.209 |
7.539 |
3.920 |
|
DIVIDENDS |
9.510 |
1.829 |
17.464 |
|
PROVISIONS |
85.991 |
53.317 |
50.253 |
|
INTERCOMPANY DEBTS |
124.765 |
204.302 |
87.817 |
|
DERIVATIVES OPERATIONS |
43.989 |
54.697 |
17.198 |
|
OTHER |
842 |
902 |
384 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
327.399 |
370.906 |
307.116 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
PROVISIONS |
95.812 |
78.836 |
82.104 |
|
INSTALLMENTS TAXES PAYABLE |
8.358 |
31.061 |
42.666 |
|
SUPPLIERS |
|
213 |
1.103 |
|
RELATED COMPANIES |
|
|
20.000 |
|
DERIVATIVES OPERATIONS |
7.331 |
29.235 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
111.501 |
139.345 |
145.873 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
555.853 |
555.853 |
555.853 |
|
CAPITAL RESERVES |
129.558 |
129.558 |
129.558 |
|
PROFIT RESERVES |
342.381 |
305.344 |
282.034 |
|
TREASURY SHARES |
-23.086 |
-23.086 |
-23.086 |
|
OTHER COMPREHENSIVE INCOME |
-264.869 |
-233.715 |
-107.472 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
739.837 |
733.954 |
836.887 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
1.178.737 |
1.244.205 |
1.289.876 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2014, 31/12/2013 AND 31/12/2012. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
NET SALES |
1.407.357 |
1.460.566 |
1.765.508 |
|
(-) COST OF SOLD GOODS |
1.090.952 |
1.221.516 |
1.473.472 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
316.405 |
239.050 |
292.036 |
|
OPERATING REVENUE (EXPENSE) |
-237.027 |
-207.542 |
-189.552 |
|
FINANCIAL REVENUE(EXPENSE) |
-9.401 |
2.824 |
17.863 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
69.977 |
34.332 |
120.347 |
|
CONTRIBUTION/INCOME TAX |
-25.258 |
-26.628 |
-50.493 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
44.719 |
7.704 |
69.854 |
|
RATIOS: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
QUICK RATIO |
1,21 |
|
1,09 |
|
1,09 |
|
|
CURRENT RATIO |
1,81 |
|
1,53 |
|
1,78 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
4,97 |
TIMES |
5,01 |
TIMES |
7,13 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
72,38 |
DAYS |
71,79 |
DAYS |
50,49 |
DAYS |
|
INVENTORY TURNOVER |
5,47 |
TIMES |
7,47 |
TIMES |
6,98 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
17,85 |
DAYS |
14,24 |
DAYS |
25,48 |
DAYS |
|
RETURN ON ASSETS |
1,19 |
TIMES |
1,17 |
TIMES |
1,37 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
1,90 |
TIMES |
1,99 |
TIMES |
2,11 |
TIMES |
|
NET WORTH TIE-UP |
,46 |
|
,45 |
|
,38 |
|
|
INDEBTEDNESS |
,59 |
|
,70 |
|
,54 |
|
|
EQUITY RATIO |
62,77 |
% |
58,99 |
% |
64,88 |
% |
|
WORKING CAPITAL RATIO |
81,46 |
% |
52,63 |
% |
77,56 |
% |
|
GENERAL SOLVENCY |
2,69 |
|
2,44 |
|
2,85 |
|
|
RETURN ON NET EQUITY |
6,04 |
% |
1,05 |
% |
8,35 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
3,18 |
% |
,53 |
% |
3,96 |
% |
|
GROSS PROFIT MARGIN |
22,48 |
% |
16,37 |
% |
16,54 |
% |
|
OPERATIONAL RESULT |
4,97 |
% |
2,35 |
% |
6,82 |
% |
|
SALES TURNOVER ON LIABILITIES |
4,30 |
TIMES |
3,94 |
TIMES |
5,75 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 3,72 |
- OFFICIAL RATE ON 07/12/2015 |
|
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 FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING. IT SHOWS
GOOD LIQUIDITY RATIOS AND POSITIVE WORKING CAPITAL, AS WELL AS LOW LEVEL OF
INDEBTEDNESS. IN ADDITION IT SHOWS DROP IN SALES BUT POSTED PROFIT. IT IS WORTH COMMENTING THAT THE SUBJECT HAS HIGH FINANCIAL POWER AND
BELONGS TO LARGE-SIZED GROUP, THUS IT IS NOT LIKELY TO FACE FINANCIAL
PROBLEMS AS IT MAY COUNT ON THE FINANCIAL SUPPORT OF ITS GROUP. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 53.087.000,00
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 185.627.000,00
|
COVERAGE: |
INVENTORIES AND BUILDINGS - FIRE, RAY AND EXPLOSION |
|
VALUE: |
R$ 1.403.625.000,00 |
|
|
|
|
COVERAGE: |
GENERAL CIVIL LIABILITY |
|
VALUE: |
R$ 43.526.000,00 |
|
|
|
|
COVERAGE: |
CIVIL LIABILITY - DIRECTORS AND MANAGERS |
|
VALUE: |
R$ 17.200.000,00 |
|
|
|
|
COVERAGE: |
TRANSPORTS - ALL RISKS AGAINST LOSS AND DAMAGES TO THE GOODS - IMPORT AND
EXPORT |
|
VALUE: |
R$ 66.000.000,00 |
|
|
|
|
COVERAGE: |
LIFE IN GROUP - DEATH/DISABILITY OF EMPLOYEES AND DIRECTORS |
|
VALUE: |
R$ 927.000,00 |
|
|
BRANCH/PHONE: |
|
|
BANCO BRADESCO S/A |
0026-4 |
|
|
BANCO ITAÚ S/A |
0911 |
|
|
BANCO SAFRA S/A |
0600 |
|
|
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"). |
THE SUBJECT IS A PETROCHEMICAL AND CHEMICAL PRODUCTS. IT MAIN PRODUCT IS
SYNTHETIC RUBBER.
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
UNITED STATES, GERMANY AND FRANCE. |
EXPORTS TO:
|
SOUTH AMERICA (12,2%), NORTH AMERICA (10,4%), EUROPE (5,8%),
ASIA/OCEANIA (7,9%) AND AFRICA (0,2%). |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
BRIDGESTONE/FIRESTONE DO BRASIL LTDA |
|
|
|
GOODYEAR DO BRASIL PRODS. BORRACHA |
|
|
|
PIRELLI PNEUS S/A |
|
|
|
PNEUMÁTICOS MICHELIN LTDA |
|
|
|
VIPAL |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 413 EMPLOYEE(S) |
|
THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY IN BUSINESS SINCE
1977. IT HAS A HIGH SCALE OF OPERATIONS AND A HIGH FINANCIAL POWER. 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. OUR INVESTIGATION THROUGH THE PUBLIC SHOWED SOME DETRIMENTAL FILES
REGISTERED AGAINST THE SUBJECT BUT DUE TO THE SUBJECT'S HIGH FINANCIAL
STRENGTH AND HIGH SCALE OF OPERATIONS THE DETRIMENTAL FILES DO NOT AFFECT ITS
TRADE REPUTATION. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
|
|
BRAIDO |
|
|
|
BRASKEM S.A. |
|
|
|
CHEVRON/PHILIPS |
|
|
|
COPESUL - CIA PETROQUÍMICA DO SUL |
|
|
|
DOW/LYONDELL/INNOVA |
|
|
|
PETROQUÍMICA DO NORDESTE S/A |
|
|
|
PQU - PETROQUÍMICA UNIÃO S/A |
|
|
|
RESITEC |
|
|
|
SUZANO QUÍMICA LTDA. |
|
|
|
UNIPAR COMÉRCIO E DISTRIBUIDORA S.A. |
|
|
|
FOREIGN SUPPLIERS: |
|
|
|
PETROFLEX AMERICA INC. |
|
|
|
PETROFLEX INTERNATIONAL LTD. |
|
|
|
PETROFLEX TRADING S.A. |
|
|
|
PAYMENT HISTORY: |
|
21 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 2.098.125,00 |
|
|
|
AMOUNT OF INVOICES PAID: 117 |
|
TOTAL OF PROMPT PAYMENTS: 91,5% |
|
TOTAL OF DELAYED PAYMENTS: 8,5% |
|
|
|
HIGHEST INVOICE: R$ 137.775,00 |
|
HIGHEST CREDIT: R$ 448.476,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
2 |
2 |
R$ 25.312,01 |
|
THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY. IT HAS A HIGH
SCALE OF OPERATIONS AND A HUGE FINANCIAL POWER. BASED ON THE OVER ALL 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.67.04 |
|
|
1 |
Rs.101.67 |
|
Euro |
1 |
Rs.73.93 |
|
BRL |
1 |
Rs. 17.12 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
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 |
|
-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.