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Report No. : |
307595 |
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Report Date : |
20.02.2015 |
IDENTIFICATION DETAILS
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Name : |
SPICE INDUSTRIA QUÍMICA LTDA |
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Registered Office : |
Avenida Das Nações Unidas, Nº. 18001, Salas 701, 703, 705, 707,709, 711,
713, 715, 717, 719, 721 - |
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Country : |
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Date of Incorporation : |
19.02.2013 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of Chemical Products. |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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Brazil |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source
: CIA |
SPICE INDUSTRIA
QUÍMICA LTDA
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MAIN ADDRESS: |
AVENIDA DAS NAÇÕES UNIDAS, Nº. 18001, SALAS 701, 703, 705, 707,709,
711, 713, 715, 717, 719, 721 - VILA ALMEIDA |
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ZIP CODE/CITY: |
04.795-900 - SÃO PAULO/SP |
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PHONE: |
11 5683-7902 |
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FAX: |
11 5683-7902 |
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E-MAIL: |
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BRANCHES: |
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ADDRESS: |
RUA BENTO BRANCO DE ANDRADE FILHO,488 1º ANDAR SALAS 103 A 109, 111, 202,
SS1, SS2, SS - VILA ALMEIDA |
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ZIP CODE/CITY: |
04757-000 SAO PAULO/SP |
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CNPJ: |
177015160 |
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ADDRESS: |
AV. ABRAHAO CARAM,820 SALAS 1101, 1103 E 1105 - PAMPULHA |
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ZIP CODE/CITY: |
312175-00 SAO PAULO/SP |
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CNPJ: |
177015160 |
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ADDRESS: |
AV JORGE BEI MALUF,2175 - VILA
THEODORO |
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ZIP CODE/CITY: |
08686-000 SUZANO/SP |
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PHONE: |
11 4745-8125 |
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CNPJ: |
17.701.516/0005-90 |
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MAIN ACTIVITIES |
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MANUFACTURE OF CHEMICAL PRODUCTS. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
19/02/2013 |
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REGISTER DATE: |
19/02/2013 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
17.701.516/0001-66 |
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STATE REGISTER: |
142.167.492.110 |
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SHARE CAPITAL: |
R$ 90.072.325,00 |
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LAST REGISTER OF CAPITAL: |
30/10/2013 |
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BOARD OF
DIRECTORS: |
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LAWRENCE ALEXANDER DOUGALL |
DIRECTOR |
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FABRICIO AUGUSTO MATOS JARDIM ZAMPIERI CRISTOFANO |
DIRECTOR |
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MIGUEL DE BELLIS |
DIRECTOR |
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PEDRO EMIDIO SALLES |
DIRECTOR |
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THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS / PARTNERS: |
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ARCHROMA TEXTILES S.A.R.L. |
R$ 50.323.408,00 |
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ARCHROMA PAPER, S.A.R.L. |
R$ 31.201.053,00 |
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ARCHROMA EMULSIONS, S.A.R.L. |
R$ 8.547.864,00 |
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AFFILIATES /
SUBSIDIARIES: |
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NOT AVAILABLE. |
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THE SUBJECT WAS ESTABLISHED ON FEBRUARY
19, 2013 TO BE ENGAGED IN THE SAID LINE OF BUSINESS. TRADING STYLE: ARCHROMA PARTNERS / DIRECTORS: ARCHROMA EMULSIONS, S.A.R.L.,:
HEADQUARTERED AT : BOULEVARD GRANDE-DUCHESSE CHARLOTTE 65 LU L-1331, ,
REGISTRATION # NIRE 18823152000; ARCHROMA PAPER, S.A.R.L.: HEADQUARTERED AT
: BOULEVARD GRANDE-DUCHESSE CHARLOTTE 65 LU L-1331, , REGISTRATION # NIRE
18815062000; ARCHROMA TEXTILES S.A.R.L.: HEADQUARTERED
AT : BOULEVARD GRANDE-DUCHESSE CHARLOTTE 65 LU L-1331, , REGISTRATION # NIRE
18815064000; FABRICIO AUGUSTO MATOS JARDIM ZAMPIERI
CRISTOFANO: BRAZILIAN, HOLDER OF DOCUMENTS ,CPF 182.171.028-21, RG/RNE:
234333443, RESIDENTE À AVENIDA DAS NACOES UNIDAS,
18.00, 7 ANDAR, VILA ALMEIDA - SAO PAULO/SP; PEDRO EMIDIO SALLES: BRAZILIAN, HOLDER OF
DOCUMENTS, CPF: 006.060.398-48, RG/RNE: 12609407X - SP, RESIDENTIAL ADDRESS
AT AVENIDA JORGE BEI MALUF, 2175, VILA THEODORO - SUZANO/SP. LAWRENCE ALEXANDER DOUGALL, ENGLISH, HOLDER
OF DOCUMENTS, CPF: 236.015.658-62, RG/RNE: V889039K, RESIDENTIAL ADDRESS AT
AV DAS NACOES UNIDAS, 18001, 7 ANDAR, VL ALMEIDA - SÃO PAULO/SP. MIGUEL DE BELLIS, BRAZILIAN, HOLDER OF
DOCUMENTS, CPF: 010.394.118-51, RG/RNE: 126698442 - SP, RESIDENTIAL ADDRESS
AT AV DAS NACOES UNIDAS, 18001, 7 ANDAR, VL ALMEIDA - SÃO PAULO/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- SUBJECT BELONGS TO ARCHROMA GROUP WHICH
HAS ACQUIRED THE TEXTILE SPECIALTIES, PAPER SOLUTOINS AND EMULSION PRODUCTS
DIVISIONS OF CLARIANT. WHEN CONTACTING THE SUBJECT WE INTERVIEWED
MR. PEDRO SALLES, FINANCIAL DIRECTOR, 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. |
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PROTESTS: |
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4 PROTESTS,TOTAL AMOUNT R$
2.058,97 |
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DETAILS OF LATEST PROTESTS: |
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NOTARY OFFICE: |
DATE: |
VALUE: |
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1º CARTORIO DE RESENDE/RJ |
02/02/2015 |
R$ 816,27 |
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2º CARTORIO DE RIO DE JANEIRO/RJ |
26/12/2014 |
R$ 429,00 |
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1º CARTORIO DE RESENDE/RJ |
02/12/2014 |
R$ 610,28 |
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2º CARTORIO DE DUQUE DE CAIXAS/RJ |
27/11/2014 |
R$ 203,42 |
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DUE TO THE SUBJECT'S LEGAL FORM, IT IS NOT OBLIGED TO PUBLISH THE
BALANCE SHEET INFORMATION. WHEN INTERVIEWING SOURCES AT THE SUBJECT COMPANY
DECLINED TO PROVIDE ANY KIND OF FINANCIAL INFORMATION AS THEY ARE STILL NOT
AUTHORIZED TO DO SO. OUR INVESTIGATION THROUGH THE OUTSIDE SOURCES SHOWED NO FINANCIAL DATA
ABOUT THE SUBJECT. |
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EXCHANGE RATE: |
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US$ 1,00 = R$ 2,84 |
- OFFICIAL RATE ON 18/02/2015 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
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IN THE ABSENCE OF FINANCIAL INFORMATION NO COMMENTS CAN BE MADE ABOUT
THE SUBJECT'S CURRENT FINANCIAL STANDING. |
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REAL ESTATE: |
NOT AVAILABLE
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VEHICLES: |
NOT AVAILABLE
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MACHINES: |
NOT AVAILABLE
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NOT AVAILABLE. |
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NOT AVAILABLE. |
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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 NOT RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682
BRAZILIAN CENTRAL BANK"). DATE RESEARCHED FEBRUARY 18, 2015. |
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MANUFACTURE OF CHEMICAL PRODUCTS. |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
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NOT AVAILABLE. |
EXPORTS TO:
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NOT AVAILABLE. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
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NOT AVAILABLE. |
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STAFF: |
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THE COMPANY HAS: 422 EMPLOYEE(S) |
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THE SUBJECT IS A NEWLY-ESTABLISHED COMPANY, OPERATING SINCE 2013. SO
FAR IT HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEM IS 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. THE PROTESTS ARE IRRELEVANT. |
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MAIN SUPPLIERS |
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DOMESTIC
SUPPLIERS: |
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NOT AVAILABLE. |
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PAYMENT HISTORY: |
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17 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 1.081.287,00 |
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AMOUNT OF INVOICES PAID: 69 |
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TOTAL OF PROMPT PAYMENTS: 91,3% |
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TOTAL OF DELAYED PAYMENTS: 8,7% |
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HIGHEST INVOICE: R$ 83.480,00 |
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HIGHEST CREDIT: R$ 83.480,00 |
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BASED ON THE OVERALL DATA AVAILABLE THE SUBJECT MAY BE CONSIDERED FOR NORMAL
BUSINESS COMMITMENTS. CREDIT FACILITIES HOWEVER SHOULD BE GRANTED ON FULLY
SECURED TERMS ONLY AS THE COMPANY IS NEWLY ESTABLISHED AND NO FINANCIAL DATA
IS AVAILABLE. IT WOULD BE RECOMMENDED DEMANDING COLLATERAL OF THE SHAREHOLDERS. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.25 |
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1 |
Rs.95.57 |
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Euro |
1 |
Rs.71.01 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.