MIRA
INFORM REPORT
|
Report No. : |
308130 |
|
Report Date : |
20.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
SETA SA - EXTRATIVA TANINO DE ACÁCIA |
|
|
|
|
Formerly Known as : |
S/A EXTRATIVA TANINO DE ACACIA |
|
|
|
|
Registered Office : |
Avenida 1º De Maio,1109 - Bairro Das Rosas, Zip Code 93600-000 - Estância Velha/Rs |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
14.11.1941 |
|
|
|
|
Legal Form : |
Privately Held Corporation |
|
|
|
|
Line of Business : |
Engaged in production
of vegetable tannins and Chemical Specialties, as
well as the Commercialization and Storage of SETA’s and its Commercial
Partners’ Products. |
|
|
|
|
No of Employees : |
281 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
Company name
SETA S/A -
EXTRATIVA TANINO DE ACÁCIA
Company ADDRESSES
|
MAIN ADDRESS: |
AVENIDA 1º DE MAIO,1109 - BAIRRO DAS ROSAS |
|
ZIP CODE/CITY: |
93600-000 - ESTÂNCIA VELHA/RS |
|
|
|
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PHONE: |
51 3561-2233 |
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FAX: |
51 3561-2424 |
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E-MAIL: |
|
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WEB SITE: |
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BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA RUDOLFO SCHMELLING,163 - CAIEIRA |
|
ZIP CODE/CITY: |
95860-000 TAQUARI/RS |
|
PHONE: |
51 3653-1155 |
|
CNPJ: |
89.717.268/0002-33 |
|
STATE REGISTER: |
142/0005879 |
|
|
|
|
ADDRESS: |
AV 1º DE MAIO,1171 - RINÇÃO DA SAUDADE |
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ZIP CODE/CITY: |
93600-000 ESTÂNCIA VELHA/RS |
|
PHONE: |
51 3561-2673 |
|
CNPJ: |
89.717.268/0003-14 |
|
STATE REGISTER: |
042/0014136 |
LEGAL
DATA
|
MAIN ACTIVITIES: |
|
·
Engaged
in production of vegetable tannins and Chemical Specialties, as well as the
Commercialization and Storage of SETA’s and its Commercial Partners’
Products. |
|
LEGAL FORM: |
PRIVATELY
HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
14/11/1941 |
|
REGISTER DATE: |
12/12/1941 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
89.717.268/0001-52 |
|
STATE REGISTER: |
042/0002502 |
|
|
|
|
SHARE CAPITAL: |
R$ 42.495.194,18 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
CARLOS ALFREDO LEUCK |
PRESIDENT DIRECTOR |
|
ROBERTO LUZ |
DIRECTOR |
|
DIOGO CARLOS LEUCK |
DIRECTOR |
AUTHORIZED USE OF SIGNATURE
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
SETAPAR S/A |
68,85% |
|
OTHERS |
31,15% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
AGROSETA S/A |
|
|
ACQUAQUIMICA LTDA |
|
|
TOPFIX REPRESENTAÇÕES LTDA |
|
|
CURTIDORA ÁQUILA S/A |
|
|
MITA LTDA |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON NOVEMBER 14, 1941 AS S/A EXTRATIVA
TANINO DE ACACIA TO BE ENGAGED IN THE SAID LINE OF BUSINESS. LATER IT ADOPTED
THE ABOVE MENTIONED NAME. ABOUT SETA GROUP: SETA GROUP HAS BEEN LOCATED IN ESTÂNCIA VELHA CITY IN RIO GRANDE DO
SUL STATE IN BRAZIL SINCE ITS FOUNDATION IN 1941. AT THIS PLANT, IT IS CENTERED THE ADMINISTRATION OF THE WHOLE GROUP,
AS WELL AS THE PRODUCTION OF VEGETABLE TANNIN, CHEMICAL SPECIALITIES,
COMMERCIALIZING AND STOCKING OF SETA'S LINE OF PRODUCTS AND ITS PARTNERS. COMPANIES, WHICH BELONG TO THE GROUP ARE: SETA S/A - EXTRATIVA TANINO DE ACÁCIA IS ITS NAME (EXTRACTIVE INDUSTRY
OF TANNIN OF ACACIA), IT PRODUCES TANNIN AND OTHER CHEMICAL PRODUCTS TO
SUPPLY THE LEATHER MARKET. ITS MAIN OFFICE IS LOCATED IN ESTÂNCIA VELHA CITY
IN RIO GRANDE DO SUL STATE (RS) IN BRAZIL. THERE IS A BRANCH IN TAQUARI CITY
IN RIO GRANDE DO SUL STATE. MITA LTDA., A JOINT VENTURE COMPOSED OF SETAPAR AND MITSUBISHI
CORPORATION, CIA THAT PRODUCES WOODCHIPS TO THE CELLULOSE WORLDWIDE
INTERNATIONAL MARKET. ACQUAQUÍMICA LTD. PRODUCES CHEMICAL SPECIALTIES BASED ON TANNIN TO
SEVERAL INDUSTRIAL SEGMENTS. RIVER CHIMICA INDUSTRIALE S.P.A. MANAGES THE REPRESENTATIVE AND COMMERCIALIZING
MATTERS OF CHEMICAL PRODUCTS. SETAPAR S/A IS THE GROUP'S HOLDING COMPANY. THE COMPANY HAS THE ISO 9001 CERTIFICATION. FURTHER DETAILS ARE SO FAR NOT KNOWN. WHEN CONTACTING THE SUBJECT WE INTERVIEWED MISS LURDES, 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. |
|
PUBLIC INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 31/12/2013, 31/12/2012 AND 31/12/2011. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
CASH AND BANKS |
10.537 |
639 |
338 |
|
CLIENTS |
19.585 |
17.291 |
15.027 |
|
INVESTMENTS |
567 |
1.053 |
14.041 |
|
RECOVERABLE TAXES |
311 |
549 |
493 |
|
ADVANCE TO SUPPLIERS |
155 |
70 |
163 |
|
INVENTORY |
7.199 |
5.988 |
6.799 |
|
PREPAID EXPENSES |
14 |
24 |
31 |
|
OTHER CREDITS |
342 |
220 |
2.062 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
38.710 |
25.834 |
38.954 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
JUDICIAL DEPOSITS |
3.033 |
2.926 |
572 |
|
INTERCOMPANY CREDITS |
8.092 |
13.073 |
7.828 |
|
TRIBUTARY CREDITS |
161 |
82 |
138 |
|
OTHER CREDITS |
243 |
243 |
244 |
|
ASSETS HELD FOR SALE |
2.465 |
3.103 |
|
|
DEFERRED TAXES |
515 |
2.092 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
14.509 |
21.519 |
8.782 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
26.610 |
19.286 |
18.652 |
|
FIXED ASSETS |
25.287 |
26.943 |
25.051 |
|
INTANGIBLE |
1.318 |
1.420 |
1.880 |
|
BIOLOGICAL ASSETS |
1.946 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
55.161 |
47.649 |
45.583 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
108.380 |
95.002 |
93.319 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
SUPPLIERS |
2.409 |
2.518 |
2.336 |
|
SOCIAL / LABOR OBLIGATIONS |
1.692 |
1.564 |
1.321 |
|
TRIBUTARY OBLIGATIONS |
2.836 |
2.523 |
2.345 |
|
COMMISSIONS DUE |
1.841 |
1.778 |
1.707 |
|
ADVANCE FROM CLIENTS |
13 |
120 |
41 |
|
SALES FOR FUTURE DELIVERY |
930 |
898 |
43 |
|
DIVIDENDS |
4.315 |
1.896 |
3.181 |
|
OTHER DEBTS |
200 |
238 |
234 |
|
BANKING DEBTS |
71 |
12 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
14.307 |
11.547 |
11.208 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
10.960 |
10.797 |
10.797 |
|
TRIBUTARY OBLIGATIONS |
12.187 |
12.470 |
12.647 |
|
PROVISION FOR CONTINGENCIES |
1.057 |
1.756 |
1.139 |
|
PROV./LOSSES IN INVESTMENTS |
2.128 |
2.883 |
1.952 |
|
DEFERRED TAXES |
868 |
935 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
27.200 |
28.841 |
26.535 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
42.495 |
42.495 |
42.495 |
|
REVALUATION RESERVES |
2.385 |
2.426 |
3.294 |
|
ACCRUED PROFIT (LOSS) |
21.993 |
9.693 |
9.787 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
66.873 |
54.614 |
55.576 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
108.380 |
95.002 |
93.319 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2013, 31/12/2012 AND 31/12/2011. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
GROSS SALES |
83.085 |
79.375 |
64.005 |
|
(-) TAXES ON SALES |
5.778 |
6.183 |
5.087 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
77.307 |
73.192 |
58.918 |
|
(-) COST OF SOLD GOODS |
41.475 |
38.378 |
32.052 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
35.832 |
34.814 |
26.866 |
|
OPERATING REVENUE (EXPENSE) |
-15.169 |
-22.233 |
-11.785 |
|
FINANCIAL REVENUE(EXPENSE) |
1.055 |
-1.270 |
-78 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
21.718 |
11.311 |
15.003 |
|
CONTRIBUTION/INCOME TAX |
-5.211 |
-1.125 |
-2.279 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
16.507 |
10.186 |
12.724 |
|
RATIOS: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
QUICK RATIO |
2,20 |
|
1,72 |
|
2,87 |
|
|
CURRENT RATIO |
2,71 |
|
2,24 |
|
3,48 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
3,95 |
TIMES |
4,23 |
TIMES |
3,92 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
91,20 |
DAYS |
85,05 |
DAYS |
91,82 |
DAYS |
|
INVENTORY TURNOVER |
5,76 |
TIMES |
6,41 |
TIMES |
4,71 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
20,91 |
DAYS |
23,62 |
DAYS |
26,24 |
DAYS |
|
RETURN ON ASSETS |
,71 |
TIMES |
,77 |
TIMES |
,63 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
1,16 |
TIMES |
1,34 |
TIMES |
1,06 |
TIMES |
|
NET WORTH TIE-UP |
,38 |
|
,49 |
|
,45 |
|
|
INDEBTEDNESS |
,62 |
|
,74 |
|
,68 |
|
|
EQUITY RATIO |
61,70 |
% |
57,49 |
% |
59,55 |
% |
|
WORKING CAPITAL RATIO |
170,57 |
% |
123,73 |
% |
247,56 |
% |
|
GENERAL SOLVENCY |
2,61 |
|
2,35 |
|
2,47 |
|
|
RETURN ON NET EQUITY |
24,68 |
% |
18,65 |
% |
22,89 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
21,35 |
% |
13,92 |
% |
21,60 |
% |
|
GROSS PROFIT MARGIN |
46,35 |
% |
47,57 |
% |
45,60 |
% |
|
OPERATIONAL RESULT |
28,09 |
% |
15,45 |
% |
25,46 |
% |
|
SALES TURNOVER ON LIABILITIES |
5,40 |
TIMES |
6,34 |
TIMES |
5,26 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,84 |
- OFFICIAL RATE ON 18/02/2015 |
|
US$ 1,00 = R$ 2,34 |
- OFFICIAL RATE ON 31/12/2013 |
|
US$ 1,00 = R$ 2,04 |
- OFFICIAL RATE
ON 31/12/2012 |
|
US$ 1,00 = R$ 1.387,00 |
- OFFICIAL RATE ON 31/12/2011 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS THE FIGURES AVAILABLE SHOW A GOOD FINANCIAL STANDING. IT SHOWS HIGH
LIQUIDITY RATIOS WITH POSITIVE WORKING CAPITAL AMOUNT AND LOW LEVEL OF
INDEBTEDNESS. IN ADDITION IT IS NOTED GROWING SALES AND PROFITABILITY. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
18.025.000,00
|
DETAIL OF OWNED
REAL ESTATE: |
|
QUANTITY: |
1 |
|
TYPE: |
PLANT |
|
TOTAL AREA: |
39.018,80 M² |
|
VALUE: |
R$ 11.085.000,00 |
|
ADDRESS: |
ESTÂNCIA VELHA - PLANT |
|
|
|
|
QUANTITY: |
1 |
|
TYPE: |
PLANT |
|
TOTAL AREA: |
169.544,98 M² |
|
VALUE: |
R$ 11.210.900,00 |
|
ADDRESS: |
TAQUARI PLANT |
|
|
|
|
QUANTITY: |
1 |
|
TYPE: |
OTHERS |
|
TOTAL AREA: |
55.540 M² |
|
VALUE: |
R$ 4.084.700,00 |
|
ADDRESS: |
ESTÂNCIA VELHA - PLANT |
|
|
|
|
QUANTITY: |
1 |
|
TYPE: |
OTHERS |
|
TOTAL AREA: |
10.000 M² |
|
VALUE: |
R$ 1.942.400,00 |
|
ADDRESS: |
ESTÂNCIA VELHA CHEMICAL BRANCH |
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 557.000,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 49.460.000,00
INSURANCE
|
THE COMPANY ADOPTS THE POLICY TO CONTRACT INSURANCE COVERAGE FOR
ASSETS SUBJECT TO RISKS BY AMOUNTS CONSIDERED SUFFICIENT TO COVER POSSIBLE
LOSES, CONSIDERING THE NATURE OF ITS ACTIVITY. |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO ITAÚ S/A |
51 3594-1004 |
NOVO HAMBURGO/RS |
|
BANCO BRADESCO S/A |
51 3594-1132 |
NOVO HAMBURGO/RS |
|
BANCO SANTANDER (BRASIL) S/A |
51 3562-2888 |
ESTÂNCIA VELHA/RS |
|
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
|
SUBJECT IS ENGAGED IN THE MANUFACTURING OF CHEMICALS FOR LEATHER TANNING. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
ITALY, MEXICO, UNITED STATES, INDIA AND CHINA. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
PHONE: |
|
A.P. MULLER S/A |
|
51 3562-1000 |
|
CURTIDORA NOSSA SENHORA APARECIDA LTDA |
|
35 3531-1775 |
|
INDÚSTRIAS REUNIDAS IRMÃOS SCARABEL LTDA |
|
19 3651-4122 |
|
WYNY DO BRASIL IND. E COM. DE COUROS LTDA |
|
43 3258-3635 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 281 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS AN OLD-ESTABLISHED COMPANY, OPERATING SINCE 1966. SO
FAR IT HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEMS ARE NOTED. 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: |
|
ABADIR DISTR. E IMPORT. DE ROLAMENTOS E PEÇAS |
|
11 3477-1650 |
|
DEMUTH MÁQUINAS INDUSTRIAIS LTDA |
|
51 3587-4011 |
|
PEDRAS BRANCAS INDÚSTRIA QUÍMICA LTDA |
|
54 3228-1377 |
|
PAYMENT HISTORY: |
|
PAYMENT HISTORY: |
|
17 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 185.875,00 |
|
|
|
AMOUNT OF INVOICES PAID: 83 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 16.500,00 |
|
HIGHEST CREDIT: R$ 16.500,00 |
|
|
|
OUTSTANDING INVOICES
DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL
AMOUNT: |
|
DUE WITHIN 30 DAYS |
1 |
1 |
R$ 12.320,00 |
FINAL OPINION
|
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.62.25 |
|
UK Pound |
1 |
Rs.95.57 |
|
Euro |
1 |
Rs.71.01 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MNL |
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.