|
Report No. : |
306716 |
|
Report Date : |
09.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
ANTUNES PALMEIRA LTDA |
|
|
|
|
Registered Office : |
Rua |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.06.2014 |
|
|
|
|
Date of Incorporation : |
28.04.2005 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of Household Linen |
|
|
|
|
No. of Employee : |
545 |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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. In 2008, Brazil became a net
external creditor and two 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. Rising
inflation led the authorities to take measures to cool the economy; these
actions and the deteriorating international economic situation slowed growth in
2011-13. Unemployment is at historic lows and Brazil's traditionally high level
of income inequality has declined for each of the last 14 years. Brazil's
historically high interest rates have made it an attractive destination for
foreign investors. Large capital inflows over the past several years have
contributed to the appreciation of the currency, hurting the competitiveness of
Brazilian manufacturing and leading the government to intervene in foreign
exchange markets and raise taxes on some foreign capital inflows. President
Dilma ROUSSEFF has retained the previous administration's commitment to
inflation targeting by the central bank, a floating exchange rate, and fiscal
restraint.
|
Source
: CIA |
ANTUNES PALMEIRA
LTDA
|
MAIN ADDRESS: |
RUA DUQUE DE CAXIAS,324 - SANTO ANTONIO |
|
ZIP CODE/CITY: |
50.010-290 - RECIFE/PE |
|
|
|
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
AV MENINO
MARCELO,3800 - TABULEIRO DOS MARTINS |
|
ZIP CODE/CITY: |
57081-385
MACEIÓ/AL |
|
CNPJ: |
07.392.529/0009-02 |
|
|
|
|
ADDRESS: |
RUA NOVA,359 - SANTO ANTONIO |
|
ZIP CODE/CITY: |
5010-100 RECIFE/PE |
|
THE COMPANY IS REPORTED TO HAVE OTHER BRANCHES LOCATED IN: JABOATAO DOS GUARARAPES, SAVADOR,
ARAPIRACA, NATAL, CAMPINA GRANDE, JOÃO PESSOA, MACEIO, GARANHUNS, MOSSORO,
SANTA RITA. |
|
MAIN ACTIVITIES: |
|
WHOLESALE OF HOUSEHOLD LINEN |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
28/04/2005 |
|
REGISTER DATE: |
28/04/2005 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
07.392.529/0001-47 |
|
STATE REGISTER: |
032800630 |
|
|
|
|
SHARE CAPITAL: |
R$ 250.000,00 |
|
BOARD OF DIRECTORS:
|
|
|
|
|
|
JOSE NARCISO MAIA PALMEIRA |
MANAGING PARTNER |
|
THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
JOSE NARCISO MAIA PALMEIRA |
90% |
|
CAMILA PALMEIRA |
10% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
A SCAN THROUGH
OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS/HAVE THE FOLLOWING
UNCONFIRMED HOLDINGS: |
|
|
FRANCO BENELLY COMERCIO DE TECIDOS E CONFECÇÕES LTDA |
|
|
MASTERIX ADMINISTRAÇÃO DE BENS LTDA |
|
|
PALLAS TRADING IMPORTAÇÕES TÊXTEIS LTDA |
|
|
VILA DO CONDE ARTIGOS DO LAR LTDA |
|
|
ANTUNES PALMEIRA INVESTIMENTOS E PARTICIPAÇÕES LTDA |
|
|
PALMEIRA COMERCIO LTDA |
|
|
THE SUBJECT WAS ESTABLISHED ON APRIL 28, 2005 BE ENGAGED IN THE SAID
LINE OF BUSINESS. TRADE NAME: NARCISO ENXOVAIS. PARTNERS: JOSE NARCISO MAIA PALMEIRA: BRAZILIAN, SINGLE, HOLDER OF DOCUMENTS CPF
069.099.674-88, RG 7.773.594 SDS/PE, RESIDENTIAL ADDRESS AT AV. BOA VIAGEM
1734, APTO 1201, RECIFE/PE. CAMILA PALMEIRA: BRAZILIAN, SINGLE, HOLDER OF DOCUMENTS CPF
061.656.434-18, RG 7.054.000 SDS/PE, RESIDENTIAL ADDRESS AT AV. BOA VIAGEM
1734, APTO 1201, RECIFE/PE. REMARKS: WHEN TALKING TO MRS JANAINA, FOREIGN TRADE DEPARTMENT, WE WERE
INFORMED THAT ALL THE FIXED LINES ARE NOT WORKING PROPERLY, THUS THE CONTACT
ARE BEING MADE THROUGH THE MOBILE PHONE NUMBER 81 3092-3907. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO AR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
PROTESTS: |
|
4 PROTESTS,TOTAL AMOUNT R$
18.108,42 |
|
DETAILS OF LATEST PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
1º CARTORIO DE SANTA RITA/PB |
19/01/2015 |
R$ 358,05 |
|
1º CARTORIO DE SANTA RITA/PB |
12/01/2015 |
R$ 1.890,00 |
|
1º CARTORIO DE JOAO PESSOA/PB |
19/12/2014 |
R$ 441,12 |
|
1º CARTORIO DE JOAO PESSOA/PB |
04/11/2014 |
R$ 15.419,25 |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
1 |
EVICTION SUIT |
01/03/11 |
9ª VARA DE PB-CAMPINA GRANDE |
|
1 |
SEARCH AND SEIZURE |
24/02/14 |
5ª VARA DE RN-NATAL |
|
5 |
STATE LAWSUITS |
31/12/12 |
22ª VARA DE SE-ARACAJU |
|
GENERAL BALANCE SHEETS AS OF 30/06/2014, 31/12/2013 AND 31/12/2012. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
30/06/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
CASH AND CASH EQUIVALENTS |
682.063,36 |
909.071,95 |
658.895,88 |
|
CLIENTS |
20.489.045,29 |
20.072.227,85 |
23.439.619,91 |
|
CREDITS |
12.988.792,65 |
12.416.051,19 |
12.614.945,28 |
|
INVENTORY |
105.933.686,41 |
106.262.040,10 |
52.150.636,71 |
|
RECOVERABLE TAXES |
1.013.672,94 |
718.018,55 |
1.042.547,72 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
141.107.260,65 |
140.377.409,64 |
89.906.645,50 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
JUDICIAL DEPOSITS |
313.603,53 |
313.603,53 |
|
|
GRANTED LOANS |
843.981,83 |
493.581,83 |
229.572,33 |
|
CONSORTIUM |
202.949,72 |
197.929,98 |
162.057,26 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
1.360.535,08 |
1.005.115,34 |
391.629,59 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
2.454.698,39 |
2.231.528,09 |
1.582.481,09 |
|
INTANGIBLE |
320.000,00 |
320.000,00 |
320.000,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
2.774.698,39 |
2.551.528,09 |
1.902.481,09 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
145.242.494,12 |
143.934.053,07 |
92.200.756,18 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
30/06/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
SUPPLIERS |
116.428.344,23 |
113.497.378,06 |
75.287.417,21 |
|
LOANS AND FINANCING |
11.797.477,01 |
17.651.779,50 |
3.506.862,59 |
|
LABOR OBLIGATIONS |
1.364.995,26 |
1.641.111,73 |
966.945,61 |
|
TRIBUTARY OBLIGATIONS |
1.317.620,10 |
1.806.360,27 |
480.900,82 |
|
OTHER |
66.381,94 |
1.463,92 |
957,75 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
130.974.818,54 |
134.598.093,48 |
80.243.083,98 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
10.417.814,25 |
5.830.013,18 |
24.827,68 |
|
LEASING |
|
6.281,94 |
14.995,10 |
|
INSTALLMENTS TAXES PAYABLE |
|
303.376,52 |
408.579,43 |
|
MUTUAL CONTRACT |
|
|
9.375.041,17 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
10.417.814,25 |
6.139.671,64 |
9.823.443,38 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
250.000,00 |
250.000,00 |
250.000,00 |
|
ACCRUED PROFIT (LOSS) |
3.599.861,33 |
2.946.287,95 |
1.884.228,82 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
3.849.861,33 |
3.196.287,95 |
2.134.228,82 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
145.242.494,12 |
143.934.053,07 |
92.200.756,18 |
|
PROFIT AND LOSS ACCOUNTS
AS OF 30/06/2014, 31/12/2013 AND 31/12/2012. |
|
( FIGURES ARE IN
REAIS ). |
|
|
30/06/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
GROSS SALES |
54.513.016,60 |
103.399.187,85 |
73.035.637,83 |
|
(-) TAXES ON SALES |
14.309.666,85 |
26.485.373,33 |
19.562.051,81 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
40.203.349,75 |
76.913.814,52 |
53.473.586,02 |
|
(-) COST OF SOLD GOODS |
36.687.026,93 |
54.777.710,72 |
35.760.367,44 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
3.516.322,82 |
22.136.103,80 |
17.713.218,58 |
|
OPERATING REVENUE (EXPENSE) |
-2.309.041,20 |
-19.649.474,93 |
-14.942.889,68 |
|
FINANCIAL REVENUE(EXPENSE) |
-235.200,73 |
-913.812,06 |
-2.075.473,24 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
972.080,89 |
1.572.816,81 |
694.855,66 |
|
CONTRIBUTION/INCOME TAX |
-318.507,51 |
-510.757,68 |
-212.250,94 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
653.573,38 |
1.062.059,13 |
482.604,72 |
|
MONTHLY SALES |
|||
|
|
2014 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 11.346.774,44 |
|
|
|
FEBRUARY |
R$ 4.939.653,42 |
|
|
|
MARCH |
R$ 3.408.560,48 |
|
|
|
APRIL |
R$ 7.536.016,30 |
|
|
|
MAY |
R$ 12.436.573,40 |
|
|
|
JUNE |
R$ 10.190.263,69 |
|
|
|
JULY |
R$ 11.098.088,68 |
|
|
|
AUGUST |
R$ 10.923.503,45 |
|
|
|
SEPTEMBER |
R$ 12.972.651,52 |
|
|
|
OCTOBER |
|
|
|
|
NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$ 84.852.085,38 |
|
|
|
RATIOS: |
30/06/2014 |
31/12/2013 |
31/12/2012 |
|
QUICK RATIO |
,27 |
|
,25 |
|
,47 |
|
|
CURRENT RATIO |
1,08 |
|
1,04 |
|
1,12 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
1,96 |
TIMES |
3,83 |
TIMES |
2,28 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
91,73 |
DAYS |
93,95 |
DAYS |
157,80 |
DAYS |
|
INVENTORY TURNOVER |
,35 |
TIMES |
,52 |
TIMES |
,69 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
571,24 |
DAYS |
745,91 |
DAYS |
757,92 |
DAYS |
|
RETURN ON ASSETS |
,28 |
TIMES |
,53 |
TIMES |
,58 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
10,44 |
TIMES |
24,06 |
TIMES |
25,06 |
TIMES |
|
NET WORTH TIE-UP |
,64 |
|
,70 |
|
,74 |
|
|
INDEBTEDNESS |
36,73 |
|
44,03 |
|
42,20 |
|
|
EQUITY RATIO |
2,65 |
% |
2,22 |
% |
2,31 |
% |
|
WORKING CAPITAL RATIO |
7,74 |
% |
4,29 |
% |
12,04 |
% |
|
GENERAL SOLVENCY |
1,03 |
|
1,02 |
|
1,02 |
|
|
RETURN ON NET EQUITY |
16,98 |
% |
33,23 |
% |
22,61 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
1,63 |
% |
1,38 |
% |
,90 |
% |
|
GROSS PROFIT MARGIN |
8,75 |
% |
28,78 |
% |
33,13 |
% |
|
OPERATIONAL RESULT |
2,42 |
% |
2,04 |
% |
1,30 |
% |
|
SALES TURNOVER ON LIABILITIES |
,31 |
TIMES |
,57 |
TIMES |
,67 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,73 |
- OFFICIAL RATE ON 05/02/2015 |
|
US$ 1,00 = R$ 2,20 |
- OFFICIAL RATE ON 30/06/2014 |
|
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 2013 SHOW A SATISFACTORY FINANCIAL STANDING.
THE LEVEL OF INDEBTEDNESS WAS VERY HIGH BUT IT HAD ACCEPTABLE CURRENT RATIOS
AND POSITIVE WORKING CAPITAL, CONSIDERED SUFFICIENT TO COVER THE SHORT TERM
DEBTS. ON THE OTHER, HAND IT SHOWED GROWING SALES AND POSTED PROFIT. THE INTERIM FIGURES FOR JUNE 2014 INDICATE THAT THE LEVEL OF
INDEBTEDNESS IS STILL VERY HIGH BUT THE CURRENT RATIO IS ACCEPTABLE. IN
ADDITION IT IS NOTED GROWING SALES TREND AND THE OPERATIONS ARE PROFITABLE. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
|
NOT AVAILABLE. |
|
NOT AVAILABLE. |
|
|
|
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 () RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682
BRAZILIAN CENTRAL BANK"). |
|
THE SUBJECT IS ENGAGED IN THE WHOLESALE OF TABLE LINEN, BED LINEN AND
BATH LINEN. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
NOT AVAILABLE. |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 545 EMPLOYEE(S) |
|
THE SUBJECT IS A FAMILY-OWNED COMPANY, WHICH WAS ESTABLISHED IN 2005. SO
FAR IT HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEM IS NOTED. THE COMPANY HAS TRADE RELATIONS WITH SOME LOCAL SUPPLIERS BUT UP TO
DATE ONLY SMALL PAYMENTS WERE REPORTED AND THE SUBJECT IS NOT SAID TO BE USER
OF TRADE CREDIT FACILITIES. 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 ARE CONSIDERED
NORMAL AND DO NOT AFFECT ITS TRADE REPUTATION OR ITS CREDITWORTHINESS. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
|
|
A.S. TÊXTIL LTDA |
|
|
|
COLONELLA IND TÊXTIL LTDA |
|
|
|
FRIGELAR COMERCIO E DISTRIBUIÇÃO S/A |
|
|
|
KARSTEN S/A |
|
|
|
PAYMENT HISTORY: |
|
14 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 810.875,00 |
|
|
|
AMOUNT OF INVOICES PAID: 137 |
|
TOTAL OF PROMPT PAYMENTS: 92% |
|
TOTAL OF DELAYED PAYMENTS: 8% |
|
|
|
HIGHEST INVOICE: R$ 54.213,00 |
|
HIGHEST CREDIT: R$ 54.213,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 60 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
2 |
151 |
R$ 223.701,34 |
|
DUE WITHIN 60 DAYS |
2 |
378 |
R$ 242.166,12 |
|
DUE WITHIN 90 DAYS |
1 |
206 |
R$ 57.770,10 |
|
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. REVIEWING OUR PREVIOUS OPINION, A CREDIT LIMIT OF US$ 700.000,00.
HOWEVER, HIGHER AMOUNTS SHOULD BE GRANTED WITH SOME CAUTION AS SUBJECT HAS A
LOW NET EQUITY AND ONLY THE EXPRESSIVE AND GROWING SALES ARE THE MAIN SOURCE
TO GENERATE THE FUNDS NECESSARY TO FACE THE FINANCIAL AND TRADE COMMITMENTS. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.74 |
|
|
1 |
Rs.94.65 |
|
Euro |
1 |
Rs.70.79 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SDA |
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.