MIRA INFORM REPORT

 

 

Report No. :

302315

Report Date :

08.01.2015

 

IDENTIFICATION DETAILS

 

Name :

INDÚSTRIA QUÍMICA ANASTÁCIO S A

 

 

Registered Office :

Rua João Tibiriça,1262 - Vila Anastácio 05077-000 - SÃO Paulo/SP

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

19.09.1941

 

 

Legal Form :

Privately Held Corporation

 

 

Line of Business :

Manufacture of chemicals and chemical products

 

 

No. of Employees :

350

 

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

 

 

 

 


Company name

 

INDÚSTRIA QUÍMICA ANASTÁCIO S/A

 

 

ADDRESSES

 

MAIN ADDRESS:

RUA JOÃO TIBIRIÇA,1262 - VILA ANASTÁCIO

ZIP CODE/CITY:

05077-000 - SÃO PAULO/SP

 

 

PHONE:

11 3833-5330

E-MAIL:

adelita@quimicanastacio.com.br

WEB SITE:

www.quimicaanastacio.com.br

 

BRANCHES:

 

 

 

ADDRESS:

RUA RIACHO,807 MODULO 9 A - PRAZERES

ZIP CODE/CITY:

54335-025 JABOATÃO DOS GUARARAPES/PE

 

 

ADDRESS:

RUA GIL STEIN FERREIRA,357 7º ANDAR, SALA 703 - CENTRO

ZIP CODE/CITY:

88301-210 ITAJAÍ/SC

 

 

ADDRESS:

AVENIDA ENGENHEIRO ROBERTO ZUCOLO,215 - VILA LEOPOLDINA

ZIP CODE/CITY:

05307-190 SÃO PAULO/SP

PHONE:

11 2133-6600

CNPJ:

608.747.240-00

 

 

ADDRESS:

RUA GUARANA,1555 - RIO MARINHO

ZIP CODE/CITY:

29112-400 VILA VELHA/ES

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF CHEMICALS AND CHEMICAL PRODUCTS.

 

LEGAL FORM:

PRIVATELY HELD CORPORATION

 

 

INCORPORATION DATE:

19/09/1941

REGISTER DATE:

19/09/1941

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

60.874.724/0004-39

STATE REGISTER:

148.041.028.111

 

 

SHARE CAPITAL:

R$ 2.519.382,12

LAST REGISTER OF CAPITAL:

02/09/2002

 

BOARD OF DIRECTORS:

 

 

 

JAN FELIX KRUEDER

PRESIDENT DIRECTOR

ADELITA AZEVEDO ARAÚJO SILVA

SUPERVISING DIRECTOR

 

 

AUTHORIZED USE OF SIGNATURE

 

THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

JAN FELIX KRUEDER

85,048%

PWR EMPREENDIMENTOS E PARTICIPAÇÕES LTDA

14,952%

 

AFFILIATES / SUBSIDIARIES:

 

A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS:

 

 

ANASTACIO EMPREENDIMENTOS LTDA

 

HARAS VALE DOURADO LTDA

 

AGROPECUARIA SANTA CLARA DE DOURADO LTDA

 

ESTÂNCIA SANTA CLARA LTDA

 

SCS ECO SERVICOS LTDA

 

ORAMA ADMINISTRAÇÃO DE BENS LTDA.

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON SEPTEMBER 19, 1941 TO BE ENGAGED IN THE SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN.

 

TRADE NAME: "QUÍMICA ANASTÁCIO".

 

THE COMPANY HAS THE ISO 9001:2008 AND ISO 14644-1 CERTIFICATIONS.

 

DIRECTORS:

 

JAN FELIX KRUEDER: BRAZILIAN, HOLDER OF DOCUMENTS CPF 756.396.888-15 AND RG 9.706.129-3, RESIDENTIAL ADDRESS AT RUA ITACEMA, 100, APTO 12, SÃO PAULO/SP;

 

ADELITA AZEVEDO ARAÚJO SILVA: BRAZILIAN, HOLDER OF DOCUMENTS CPF 059.582.598-22 AND RG 14.263.774, RESIDENTIAL ADDRESS AT RUA PORTO ALEGRE, 20, CARAPICUIBA/SP.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

PUBLIC INFORMATION:

 

PROTESTS:

 

1  PROTEST,TOTAL AMOUNT R$ 1.800,00

 

DETAILS OF PROTEST:

 

NOTARY OFFICE:

DATE:

VALUE:

2º CARTORIO DE ITAJAI/SC

17/10/2014

R$ 1.800,00

 

LAWSUITS:

 

 

 

DATE:

COURT OF LAW:

 

1

FEDERAL LAWSUIT

18/11/13

4ª VARA DE SAO PAULO/SP/FEDERAL

1

MUNICIPAL LAWSUIT

18/12/13

VARA DE ITAQUAQUECETUBA/SP

 

 

FINANCIAL INFORMATION

 

GENERAL BALANCE SHEETS AS OF 31/12/2013, 31/12/2012 AND 31/12/2011.

( FIGURES ARE IN REAIS ).

 

ASSETS

 

 

 

CURRENT:

31/12/2013

31/12/2012

31/12/2011

 

 

 

 

CASH AND BANKS

2.302.579,13

1.456.420,51

852.540,67

CLIENTS

90.195.701,28

67.203.856,32

61.587.023,51

IMPORTS IN PROGRESS

18.764.805,26

19.010.753,77

14.537.792,59

RECOVERABLE TAXES

5.259.146,21

6.674.007,16

5.871.023,05

INVENTORY

50.639.198,75

44.546.047,19

27.028.489,26

CURRENT ACCOUNTS

4.220,20

4.157,99

5.164,76

OTHER CREDITS

184.491,36

515.195,97

9.398.295,94

 

----------------

----------------

----------------

TOTAL CURRENT ASSETS

167.350.142,19

139.410.438,91

119.280.329,78

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

COMPULSORY LOANS

 

12.935,91

12.935,91

JUDICIAL DEPOSITS

86.987,26

105.926,75

125.039,26

OTHER CREDITS

234.968,49

317.465,22

257.341,09

 

----------------

----------------

----------------

TOTAL LONG-TERM RECEIVABLES

321.955,75

436.327,88

395.316,26

 

FIXED ASSETS:

 

 

 

 

 

 

 

INVESTMENTS

10.054.438,46

5.712.625,57

4.824.415,85

FIXED ASSETS

9.820.665,60

11.384.366,65

10.692.058,54

DEPRECIATIONS

-4.927.636,15

-4.376.694,07

-4.021.035,90

 

----------------

----------------

----------------

TOTAL FIXED ASSETS

14.947.467,91

12.720.298,15

11.495.438,49

 

================

================

================

TOTAL ASSETS

182.619.565,85

152.567.064,94

131.171.084,53

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2013

31/12/2012

31/12/2011

 

 

 

 

SUPPLIERS

35.597.342,26

33.760.987,62

32.936.814,03

LOANS AND FINANCING

8.432.195,82

2.198.497,17

14.998.254,57

TAXES & CONTRIBUTIONS

1.609.338,56

5.002.858,57

984.625,36

ADVANCE FROM CLIENTS

1.196.868,93

1.674.255,35

2.035.552,37

PROVISIONS

1.009.354,20

856.928,57

907.477,46

SOCIAL / LABOR OBLIGATIONS

284.186,45

265.299,24

420.539,67

DIVIDENDS

14.442.710,78

9.626.913,72

4.939.458,95

 

----------------

----------------

----------------

TOTAL CURRENT LIABILITIES

62.571.997,00

53.385.740,24

57.222.722,41

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

INSTALLMENTS TAXES PAYABLE

838.166,92

20.308,47

215.894,96

LOANS AND FINANCING

12.103.774,30

9.502.811,34

8.346.745,72

TAXES AND CONTRIBUTIONS

2.058.830,82

3.808.683,46

3.808.683,46

OTHER

163.917,91

 

 

INTERESTS ON OWN CAPITAL

10.647.102,86

10.647.102,86

 

 

----------------

----------------

----------------

TOTAL LONG TERM LIABILITIES

25.811.792,81

23.978.906,13

12.371.324,14

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

2.519.382,12

2.519.382,12

2.519.382,12

CAPITAL RESERVES

4.379.663,17

4.379.663,17

4.379.663,17

PROFIT RESERVES

87.336.730,75

68.303.373,28

54.677.992,69

 

----------------

----------------

----------------

TOTAL NET EQUITY

94.235.776,04

75.202.418,57

61.577.037,98

 

================

================

================

TOTAL LIABILITIES

182.619.565,85

152.567.064,94

131.171.084,53

 

PROFIT AND LOSS ACCOUNTS AS OF 31/12/2013, 31/12/2012 AND 31/12/2011.

( FIGURES ARE IN REAIS ).

 

 

31/12/2013

31/12/2012

31/12/2011

 

 

 

 

GROSS SALES

501.320.067,18

422.252.141,96

337.091.059,76

(-) TAXES ON SALES

71.751.826,62

66.817.394,11

55.981.430,35

 

----------------

----------------

----------------

NET SALES

429.568.240,56

355.434.747,85

281.109.629,41

(-) COST OF SOLD GOODS

357.744.131,12

279.563.781,97

216.591.323,57

 

----------------

----------------

----------------

GROSS PROFIT

71.824.109,44

75.870.965,88

64.518.305,84

OPERATING REVENUE (EXPENSE)

-35.945.077,02

-33.632.202,64

-31.340.990,83

FINANCIAL REVENUE(EXPENSE)

-2.224.182,62

-14.627.460,43

613.784,39

 

----------------

----------------

----------------

OPERATIONAL PROFIT (LOSS)

33.654.849,80

27.611.302,81

33.791.099,40

NON-OPERATING RESULT

1.211.410,61

1.049.527,85

-2.309.239,48

CONTRIBUTION/INCOME TAX

-11.001.936,83

-9.336.966,28

-10.141.167,91

 

----------------

----------------

----------------

NET PROFIT (LOSS)

23.864.323,58

19.323.864,38

21.340.692,01

 

MONTHLY SALES

 

  2014

 

 

 

---------------------

 

 

JANUARY

R$ 48.413.633,51

 

 

FEBRUARY

R$ 46.651.846,72

 

 

MARCH

R$ 45.648.275,43

 

 

APRIL

R$ 46.779.609,53

 

 

MAY

R$ 48.036.358,03

 

 

JUNE

R$ 38.819.180,57

 

 

JULY

R$ 46.674.659,39

 

 

AUGUST

R$ 45.425.985,61

 

 

SEPTEMBER

 

 

 

OCTOBER

 

 

 

NOVEMBER

 

 

 

DECEMBER

 

 

 

TOTAL

R$ 366.449.548,79

 

 

 

RATIOS:

31/12/2013

31/12/2012

31/12/2011

 

QUICK RATIO

1,87

 

1,78

 

1,61

 

CURRENT RATIO

2,67

 

2,61

 

2,08

 

ACCOUNTS RECEIVABLE TURNOVER

4,76

TIMES

5,29

TIMES

4,56

TIMES

DAYS' SALES IN RECEIVABLES

75,59

DAYS

68,07

DAYS

78,87

DAYS

INVENTORY TURNOVER

7,06

TIMES

6,28

TIMES

8,01

TIMES

ACCOUNTS PAYABLE PERIOD

35,82

DAYS

43,47

DAYS

54,74

DAYS

RETURN ON ASSETS

2,35

TIMES

2,33

TIMES

2,14

TIMES

SALES TURNOVER ON NET EQUITY

4,56

TIMES

4,73

TIMES

4,57

TIMES

NET WORTH TIE-UP

,10

 

,15

 

,17

 

INDEBTEDNESS

,94

 

1,03

 

1,13

 

EQUITY RATIO

51,60

%

49,29

%

46,94

%

WORKING CAPITAL RATIO

167,45

%

161,14

%

108,45

%

GENERAL SOLVENCY

2,07

 

1,97

 

1,88

 

RETURN ON NET EQUITY

25,32

%

25,70

%

34,66

%

RETURN ON SALES (PROFIT MARGIN)

5,56

%

5,44

%

7,59

%

GROSS PROFIT MARGIN

16,72

%

21,35

%

22,95

%

OPERATIONAL RESULT

7,83

%

7,77

%

12,02

%

SALES TURNOVER ON LIABILITIES

6,87

TIMES

6,66

TIMES

4,91

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,70

 - OFFICIAL RATE ON 06/01/2015

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$ 1,87

 - OFFICIAL RATE ON 31/12/2011

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS

 

THE FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING. THE LEVEL OF INDEBTEDNESS IS CONSIDERED SOMEHOW HIGH BUT AND IT IS NOTED GOOD LIQUIDITY AND POSITIVE WORKING CAPITAL, CONSIDERED SUFFICIENT TO COVER THE SHORT TERM DEBTS. IT ALSO SHOWS GROWING SALES AND PROFITABILITY.

 

REAL ESTATE:

 

   OWNED PREMISES ARE VALUED AT R$ 4.720.575,94

 

   THE PARTNERS OWN REAL ESTATE VALUED AT  R$ 3.300.000,00

 

VEHICLES:

 

   OWNED VEHICLES ARE VALUED AT R$ 853.398,33

 

MACHINES:

 

   OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 771.166,67

 

 

INSURANCE

 

INSURANCE COMPANY:

ROYAL & SUN ALLINCE CIA DE SEGURO

COVERAGE:

ALL RISKS

VALUE:

R$ 6.477.002,00

 


 

BANKING REFERENCES

 

 

BRANCH/PHONE:

 

BANCO BRADESCO S/A

3394   /    2178-4968

 

BANCO SAFRA S/A

11500   /   3175-4114

 

BANCO SOFISA S/A

-           11 3176-5749

 

BANCO DO BRASIL S/A

-           11 3871-8466

 

BANCO ITAUBANK S/A

454     /   4004-1628

 

BANCO MERCANTIL DE SÃO PAULO S/A

-           11 3168-5199

 

BANCO SANTANDER BRASIL S/A

2006   /    3553-2749

 

 

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 MANUFACTURE OF CHEMICAL PRODUCTS FROM TALLOW AND VEGETAL OIL.

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

GERMANY, MALAYSIA, UNITED STATES, INDIA, URUGUAY, PARAGUAY AND ARGENTINA.

 

   EXPORTS TO:

SPAIN, CHILE AND ARGENTINA.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

 

ACRILEX TINTAS ESPECIAIS LTDA

 

 

AKZO NOBEL

 

 

AVON INDUSTRIAL

 

 

BAYER S/A

 

 

CASTROL DO BRASIL LTDA

 

 

CERAS JOHNSON LTDA

 

 

COLGATE PALMOLIVE

 

 

COSBA COSMETICOS LTDA

 

 

ECOLAB QUIMICA

 

 

IGL INDUSTRIAL LTDA

 

 

INDS. COSMETICSO NATURA

 

 

KOLYNOS DO BRASIL S/A

 

 

PROCOSA -PROD. DE BALEZA -(LOREAL)

 

 

QUAKER CHEMICAL

 

 

REIZA KERN IND. COM. LTDA

 

 

RENNER SAYERLACK

 

 

UNILEVER BRASIL LTDA

 

 

 

STAFF:

 

THE COMPANY HAS: 350 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS AN OLD-ESTABLISHED COMPANY, OPERATING SINCE 1941. 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.

 

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.

 

THE PROTEST IS IRRELEVANT.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

PHONE:

AKO NOBEL LTDA

 

11 4591-8800

CLARIANT S/A

 

11 5683-7233

EXCELL GRANO COMERCIAL LTDA

 

11 4154-6930

FABRAMEX IND. COM. LTDA

 

11 4337-4144

FLASKO INDL. DE EMBALAGNES LTDA

 

19 3864-3491

FONTANA S/A

 

51 3751-9090

FRIBOI LTDA

 

61  623-1800

FUSTPLAST EMB. PLASTICAS DO BRASIL S/A

 

11 2488-7311

GMM EMBALAGENS INDUSTRIAIS S/A

 

71 2107-3145

GREIF EMB. INDSUSTRIA E COMERCIO LTDA

 

11 5694-*9766

IGL INDUSTRIAL LTDA

 

11 3869-9690

LUCHETI LUBRIFICANTES LTDA

 

11 6412-0148

MCM QUIMICA INDUSTRIAL LTDA

 

15 3246-8118

MILANO AGRO INDUSTRIAL

 

11 4023-0027

OLEGINOSAS MARANHENSE S/A

 

98  241-1266

SAPONOLEO SANTO ANTONIO

 

99  642-0837

VAN LEER INDUSTRIAIS DO BRASIL

 

21 2573-8522

 

FOREIGN SUPPLIERS:

COUNTRY:

 

BASF AKTIENGELLSCHAFT

ALEMANHA

 

GODREJ

INDIA

 

MATERIA HERMANOS

ARGENTINA

 

PALM OIL

MALASIA

 

PENRECO

ESTADOS UNIDOS

 

PROCTER E GAMBLE

ESTADOS UNIDOS

 

 

PAYMENT HISTORY:

 

27 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 2.025.149,00

 

AMOUNT OF INVOICES PAID: 129

TOTAL OF PROMPT PAYMENTS: 97,7%

TOTAL OF DELAYED PAYMENTS: 2,3%

 

HIGHEST INVOICE: R$ 147.343,00

HIGHEST CREDIT: R$ 147.343,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS:

 

---------------------------

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

1

5

R$ 131.898,01

 

 

FINAL OPINION

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS. SO FAR IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOR.

 

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.63.45

UK Pound

1

Rs.95.99

Euro

1

Rs.63.45

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

NIS

 

               

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.