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Report No. : |
301922 |
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Report Date : |
06.01.2015 |
IDENTIFICATION DETAILS
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Name : |
TREFILADOS INOXIDABLES DE MEXICO S.A. DE C.V. |
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Registered Office : |
Otomies S/N, Col. Ciudad Industrial Xicontencatl II 90500 Huamantla / Tlaxcala |
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Country : |
Mexico |
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Date of Incorporation : |
24.11.1999 |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
Engaged as manufacturer
of Stainless Steel Wire, Aluminum, Nickel Alloys, welding and solders
for a variety of application. |
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No. of Employees : |
150 |
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 : |
No Complaints |
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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 – September 30, 2014
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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Mexico |
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 |
MEXICO -
ECONOMIC OVERVIEW
Mexico's $1.3 trillion economy
has become increasingly oriented toward manufacturing in the 20 years since the
North American Free Trade Agreement (NAFTA) entered into force. Per capita
income is roughly one-third that of the US; income distribution remains highly
unequal. Mexico has become the United States' second-largest export market and
third-largest source of imports. In 2013, two-way merchandise trade reached
nearly $507 billion. Mexico has free trade agreements with over 50 countries
including Guatemala, Honduras, El Salvador, the European Free Trade Area, and
Japan - putting more than 90% of trade under free trade agreements. In 2012
Mexico formally joined the Trans-Pacific Partnership negotiations and formed
the Pacific Alliance with Peru, Colombia and Chile. Mexico's current
government, led by President Enrique PENA NIETO, emphasized economic reforms
during its first year in office, passing education, energy, financial, fiscal
and telecommunications reform legislation. The three-party "Pact for
Mexico" reform agenda aims to improve competitiveness and economic growth
across the Mexican economy.
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Source : CIA |
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CORRECT COMPANY NAME |
TREFILADOS INOXIDABLES DE
MEXICO S.A. DE C.V. |
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TRADE NAME |
TIM MEXICO |
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TAXPAYER REGISTRATION |
RFC TIM991124TE4 |
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MAIN ADDRESS |
Otomies S/N, Col. Ciudad
Industrial Xicontencatl II |
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POSTAL CODE |
90500 |
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DEPT/PROV/REGION/STATE |
Huamantla / Tlaxcala |
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COUNTRY |
MEXICO |
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TELEPHONE |
(52247) 4725411 |
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CORPORATE E-MAIL |
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WEB |
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Head Office Address
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Paseo
De la Reforma No 116-801 Col Juarez CP 06600 |
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FAX |
(247) 4723160 |
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E-Mail |
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COMMENTS |
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The above domicile is the
Legal Address of the Company. |
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Date of foundation |
1999 |
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permanent employees |
150 |
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Chief Executive |
SAMETZ REMBA, LEON |
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Disposition |
Moderate. Some data and
figures were confirmed. |
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Financial Situation |
FAIR |
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Payments policy |
Usually to terms / good |
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Company Size |
(GE) LARGE COMPANY |
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Credit (**) |
MODERATE RISK. (Acceptable
financial situation but limited). |
Number of times that this company was required: 4
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LEGAL STATUS |
Stock Company of Variable Capital |
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DATE OF INCORPORATION |
24NOV1999 |
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PLACE OF REGISTRY |
Juárez, Tlaxcala |
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NOTARY OFFICE |
No. 1, Lic. José Luis Macias |
DURATION |
99 years |
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REGISTRATION |
Notarial Act 28726, Volume 316 |
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INITIAL CAPITAL |
Ps$.50,000.= Pesos |
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CURRENT EXCHANGE RATE (US$) |
Ps$.13.58 per USD.1.00 |
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MEMBERSHIP |
Cámara Nacional de la Industria del Hierro y del Acero - CANACERO |
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COMMENTS |
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The Company has been entered in the Public Registryt of Property under Entry 21, Fifth Section, Volume 9, of the District of Juárez, Tlaxcala, dated January 7th, 2000. |
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EXECUTIVES –
SHAREHOLDERS
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FULL NAMES / COMPANY NAME |
TITLE |
%PART. |
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SAMETZ REMBA, LEON |
Director General |
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PIMENTEL GONZALEZ, LUIS EDMUNDO |
Legal Representative |
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HUERTA MENDOZA, JOSUE |
General Accountant |
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MARZORATI, EUGENIO |
Shareholder |
Yes |
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NOVAMETAL S.A. |
Majority Shareholder (Parent Company) |
Yes |
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SAMETZ REMBA, LEON |
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TITLE |
Director General |
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NATIONALITY |
Mexican |
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D.O.B. |
25FEB1941 |
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CIVIL STATUS |
Single |
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PROFESSION |
Engineer |
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TAX ID |
SARL410225EP4 |
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BACKGROUND INFORMATION |
President of the Asociación Metropolitana de la industria Manufacturera y Maquiladora de exportación A.C. |
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HUERTA MENDOZA,
JOSUE |
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TITLE |
General Accountant |
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NATIONALITY |
Mexican |
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PROFESSION |
Public Accountant |
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NOVAMETAL S.A. |
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BUSINESS BACKGROUND NOVAMETAL SA is a Swiss corporation founded in 1982 dedicated to manufacturing stainless steel wire, aluminum and alloys for a variety of application. Headquarters: Prati Maggi, Rancate, Switzeland Ch-6862 - Tel: 41-91-640-83-83 / Fax: 41-91-640-83-02 E-Mail: info @ novametal. com - Website: www.novametal.com |
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TREFILADOS INOXIDABLES DE
MEXICO S.A. DE C.V. was formed on November 24, 1999. Charter Members: Carlos Ramos Miranda and
Sprint Metal. In January 2001, the Company started
operating and subsequently, it was acquired by Grupo Arcelor and was known as
"Tim Grupo Arcelor". As from 2005, Grupo Arcelor
sold the Company to Grupo Novametal from Switzerland which currently controls
it. The Company belongs to Grupo
Novametal which is specialized in Stainless Steel, Aluminum and Nickel-Alloy
Wires selling its products throughout the world. Grupo Novametal gathers the following companies: GRUPO NOVAMETAL is supported by
an extensive network of distributors in France, England, Germany and United
States. This global presence enables the group to guarantee customers a
dedicated and rapid assistance regarding their needs. |
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COMPANY NAME |
COUNTRY |
TAX REG. |
RELATION % |
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ACEROPCIS S.A. DE C.V. |
MEXICO |
(AC) ACE020806DRO |
Related |
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BIENNAFORM AG |
GERMANY |
Related |
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NOVAMETAL DO BRASIL LTDA. |
BRAZIL |
Related |
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TDV LTD |
FRANCE |
Related |
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WPSS (PTY) LTD. |
SOUTH AFRICA |
Related |
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SIC Classification |
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Main activity |
Engaged as manufacturer in the market for Stainless Steel Wire, Aluminum, Nickel Alloys, welding and solders for a variety of application. besides being the only manufacturer in Mexico of stainless steel bars, with the best equipment and the latest technology for grinding bar. Subject have excellent laboratory equipment and machinery to ensure production of a product of the highest quality, so TIM has become the most important plant wires in America. |
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OPERATIONS |
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Import |
Yes |
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Country |
Italy, Switzerland, Spain, USA, China, Taiwan; direct credit at 30, 60, 90 days |
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Export |
Yes |
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COUNTRY |
Europe, United States, Central and South America; direct credit |
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% CASH SALES / METHOD |
10% |
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% Credit SALES / Terms |
90% - 30, 60, 90, 120, 180 days |
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% Ventas exterior (Paises) |
20% |
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% DOMESTIC PURCHASES |
10% |
% FOREIGN PURCHASES |
90% |
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SELLING TerritorY |
Mexican market - 80% |
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EMPLOYEES |
150 |
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AREA |
36,000 sqm |
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OTHER PREMISES |
Legal address, administrative offices, sales, warehouse and production plant operate at the above address. Premises are owned by the Company. They cover an area of 36,000 m2 and a surface area of 13,000 m2 for factories and offices. Head Offices: Paseo de la Reforma 116-801, Col. Juárez, C.P. 06600, Mexico D.F. Tel: (55) 57051258 / 57051383 / 57051508 / 57054772, Fax: (55) 55350385. |
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CLIENT: The Company serves different industries: Food, automotive, chemical, petrochemical, marine, among them - Gabriel Quiroz Garcia - Aceros Levinson S.A. de C.V. - Compañía Nacional de Suministros S.A. de C.V. - Megatropa S.C. de R.L. de C.V. - Novametal S.A. (Switzerland) - Ingeniería y Filtración Limitada (Colombia) - Novametal do Brasil Ltda. (Brazil) - TDS Exp. Futtings SLU (Spain) Exportation Programs: PITEX, PROSEC E IMMEX. Certification: ISO 9001:2008. |
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Disposition |
Moderate. Some data and figures were confirmed. |
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Interviewee(s) |
José Huerta Mendoza |
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Position(s) |
General Accountant |
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Information provided |
Jose Huerta Mendoza supplied the information in this report except for the financials under confidentiality. We checked other sources but neither balance sheets nor estimated accounting figures were available. |
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FINANCIAL SITUATION |
FAIR This is a big-sized company operating in the market for several years. Even though no balance sheets were available, it is important to comment that suppliers have reported favorably on the Company's payment behavior. No negative have been reported either. |
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Property of company comments |
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They include: - Vehicles - Machinery and equipment - Office furniture and fixtures - Computers |
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COMPANY |
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ATRADIUS SEGUROS DE CRÉDITO S.A. |
(Confidential Information)
TRADE REFERENCES
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Supplier: ACEROPCIS S.A. DE C.V. |
Tel.: (55) 57051258 |
Country: MEXICO |
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Goods/Services? : Aluminum |
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Highest credit? : Not specified |
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Client since? : Sv.years |
Terms? : 30 days |
Performance? : Prompt |
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Comments : Monthly average: Ps$.700,000 Pesos. Good client |
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Supplier: AGUILAR MORFIN S.C. |
Tel.: (55) 57090394 |
Country: MEXICO |
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Goods/Services? : Customs services |
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Highest credit? : Not specified |
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Client since? : Sv.years |
Terms? : CASH |
Performance? : Prompt |
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Supplier: INTERTAM S.A. DE C.V. |
Tel.: (55) 55250026 |
Country: MEXICO |
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Goods/Services? : Customs services |
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Highest credit? : Not specified |
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Client since? : Sv.years |
Terms? : CASH |
Performance? : Prompt |
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Note : Other suppliers did not provide information or could not be consulted
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Supplier |
Country |
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ESTEVES-DWD ESPAIN S.A. |
SPAIN |
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RICHARDS APEX, INC. |
U.S.A. |
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INTERNATIONAL FAST FORWARDING |
U.S.A. |
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YIEH HSING ENTERPRISE CO. LTD. |
TAIWAN |
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LUBRA S.P.A. |
ITALY |
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COGNE ACCIAI SPECIALI S.P.A. |
ITALY |
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NOVAMETAL S.A. |
SWITZERLAND |
THE FOLLOWING INFORMATION IS REPORTED BY
RISK INFORMATION CENTER
No reported banking debt.
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Comments : |
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BANKERS : BBVA BANCOMER S.A. Further information was not given. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.39 |
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1 |
Rs.96.85 |
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Euro |
1 |
Rs.75.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
MNL |
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.