MIRA INFORM REPORT

 

 

Report No. :

300111

Report Date :

13.01.2015

 

IDENTIFICATION DETAILS

 

Name :

SIDERQUÍMICA INDÚSTRIA E COMÉRCIO DE PRODUTOS QUÍMICOS S/A

 

 

Registered Office :

Rodovia Br 376 - S/Nº. - Km,625 Caixa Postal: 218 - Miringuava Mirim

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

21.10.1993

 

 

Legal Form :

Privately Held Corporation

 

 

Line of Business :

Subject is engaged in the manufacture of industrial chemicals, such as: lubricants, anticorrosive substances, hydraulic fluids and products for the steel, textile, plastic, paper and glass industries.

 

 

No. of Employee :

190

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

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

 

SIDERQUÍMICA INDÚSTRIA E COMÉRCIO DE PRODUTOS QUÍMICOS S/A

 

 

ADDRESSES

 

MAIN ADDRESS:

RODOVIA BR 376 - S/Nº. - KM,625 CAIXA POSTAL: 218 - MIRINGUAVA MIRIM

ZIP CODE/CITY:

83015-000 - SÃO JOSÉ DOS PINHAIS/PR

 

 

PHONE:

41 2105-3838/3810

FAX:

41 2105-3838

E-MAIL:

compras@siderquimica.com.br

WEB SITE:

www.siderquimica.com.br

 

BRANCHES:

 

DOES NOT HAVE.

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF INDUSTRIAL CHEMICALS.

 

LEGAL FORM:

PRIVATELY HELD CORPORATION

 

 

INCORPORATION DATE:

21/10/1993

REGISTER DATE:

21/10/1993

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

73.586.976/0001-61

STATE REGISTER:

10.507.440-90

 

 

SHARE CAPITAL:

R$ 21.476.363,00

LAST REGISTER OF CAPITAL:

01/04/2008

 

BOARD OF DIRECTORS:

 

 

 

STEFANO BONETTI

PRESIDENT DIRECTOR

VALDIVINO JOSE DOS REIS

VICE-PRESIDENT DIRECTOR

RAUL DIAS JUNIOR

INDUSTRIAL DIRECTOR

REGINALDO DE SOUZA HURGA

PRODUCTION DIRECTOR

SIDNEY TOSHIAKI MATSUDA

TECHNICAL DIRECTOR

 

AUTHORIZED USE OF SIGNATURE:

 

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

 

 

SHAREHOLDERS / PARTNERS:

 

 

 

S. BONETTI PARTICIPAÇÕES SOCIETÁRIAS LTDA

44,9%

THOMAS BONETTI

27,4%

ALEXANDER BONETTI

27,4%

 

AFFILIATES / SUBSIDIARIES:

 

 

 

ROCHESA S/A TINTAS E VERNIZES

 

SIDER FACTORING LTDA

 

SANQUIMICA PRODUTOS QUÍMICOS LTDA.

 

TOM DA COR COMÉRCIO DE TINTAS LTDA

 

PLEXBOND QUÍMICA NORDESTE S/A

 

TKL IMP. E EXP. DE PRODUTOS MÉDICOS E HOSPITALARES LTDA

 

VALENTINI INDÚSTRIAS MECÂNICAS LTDA

 

BONETTI IMÓVEIS LTDA.

 

DELSANTO DO BRASIL IMP., EXPORTAÇÃO E COM. DE ALIMENTOS LTDA

 

SANQUIMICA PRODUTOS QUIMICOS LTDA

 

S.B. CORANTES E LOGISTICA LTDA.

 

HURGA E SOARES CONFECÇOES LTDA

 

HURGA & HURGA LTDA

 

SAN STEFANO PARTICIPAÇÕES E EMPREENDIMENTOS

 

NUMISBRAS ND NUMISMATICA E ANTIGUIDADES

 

SIDER FACTORING LTDA

 

EDITORA MADEIRA E TECNOLOGIA LTDA

 

PH - COMPRA VENDA E INCORPORAÇÃO LTDA

 

ROCHESA NORDESTE TINTAS E VERNIZES S/A

 

SIDERQUIMICA NORDESTE S/A

 

PH REPRESENTAÇÕES COMERCIAIS LTDA

 

PJ ADMINISTRADORA DE BENS PRÓPRIOS LTDA

 

MAQTOM COMERCIO DE EMPILHADEIRAS LTDA

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON OCTOBER 21, 1993 AS SIDERQUÍMICA INDÚSTRIA E COMÉRCIO DE PRODUTOS QUÍMICOS LTDA. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. FEBRUARY 08 2000 IT ADOPTED THE ABOVE MENTIONED NAME AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN.

 

IN JUNE 1995 SUBJECT TOOK OVER THE SPLIT PART OF THE NET EQUITY OF SANQUIMICA PRODUTOS QUIMICOS LTDA., CNPJ 77.790.319/0001-92.

 

ON FEBRUARY 2000, THE LEGAL FORM WAS CHANGED FROM LIMITED LIABILITY COMPANY TO PRIVATELY HELD CORPORATION.

 

TRADE NAME: "SIDERQUIMICA"

 

SHAREHOLDERS:

 

S.BONETTI PARTICIPAÇÕES SOCIETÁRIAS LTDA: HEADQUARTERED AT RODOVIA BR-376, KM 22,5, MIRINGUAVA MIRIM, S.J. DOS PINHAIS/PR. CNPJ 05.448.620/0001-01

 

ALEXANDER NONETTI: ITALIAN, MARRIED, HOLDER OF DOCUMENTS RE # W-008.358-V -SE/DPMAF/DPF AND CPF 864.491.689-00. RESIDENTIAL AT RUA JOHAN SEBASTIAN BACH, 50, CURITIBA/PR.

 

THOMAS BONETTI: ITALIAN, MARRIED, HOLDER OF DOCUMENTS RE # W-008.360-7 -SE/DPMAF/DPF AND CPF 864.491.929-68. RESIDENTIAL AT AV. VISC. DE GUARAPUAVA, 5405 APTO 1201, CURITIBA/PR.

 

FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN.

 

REMARKS:

--------

 

WHEN INTERVIEWED SOURCES AT THE SUBJECT STATED THAT ARE STILL WAITING FOR AUTHORIZATION FROM THE PRINCIPALS TO PROVIDE THE DATA NECESSARY TO COMPLETE THIS REPORT.

 

A REQUEST FOR FURTHER DATA HAS BEEN SENT TO THE COMPANY. PROVIDED THE DATA REQUESTED ARE RECEIVED FROM THE SUBJECT A COMPLEMENTARY REPORT WILL BE SEND TO YOUR ATTENTION.

 

THE DATA CONTAINED HEREIN WERE OBTAINED FROM OUTSIDE SOURCES, OUR DATABASE AND OFFICIAL. NO FURTHER DATA WAS AVAILABLE WITH SEVERAL SOURCES USUALLY

 

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 REAIS ).

 

ASSETS

 

 

 

CURRENT:

31/12/2013

31/12/2012

31/12/2011

 

 

 

 

CASH AND BANKS

3.342.893,00

147.653,00

552.387,00

CLIENTS

39.315.776,00

41.028.704,00

36.165.643,00

INVENTORY

37.708.658,00

37.453.284,00

39.009.825,00

OTHER CREDITS

3.082.755,00

3.281.228,00

8.934.027,00

DIVIDENDS RECEIVABLES

1.907.754,00

8.267.665,00

2.271.711,00

RECOVERABLE TAXES

2.957.821,00

3.472.236,00

4.130.352,00

PREPAID EXPENSES

2.687.551,00

538.891,00

177.548,00

IMPORTS IN PROGRESS

1.090.380,00

900.324,00

1.847.156,00

 

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

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

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

TOTAL CURRENT ASSETS

92.093.588,00

95.089.985,00

93.088.649,00

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

INTERCOMPANY CREDITS

31.000.000,00

16.000.000,00

16.000.000,00

ACCOUNTS RECEIVABLES

4.135.000,00

4.135.000,00

4.835.000,00

 

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

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

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

TOTAL LONG-TERM RECEIVABLES

35.135.000,00

20.135.000,00

20.835.000,00

 

FIXED ASSETS:

 

 

 

 

 

 

 

INVESTMENTS

278.623,00

232.321,00

164.558,00

FIXED ASSETS

9.908.187,00

10.978.064,00

10.663.625,00

INTANGIBLE

 

17.377,00

24.729,00

 

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

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

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

TOTAL FIXED ASSETS

10.186.810,00

11.227.762,00

10.852.912,00

 

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

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

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

TOTAL ASSETS

137.415.398,00

126.452.747,00

124.776.561,00

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2013

31/12/2012

31/12/2011

 

 

 

 

SUPPLIERS

25.107.996,00

31.615.078,00

28.770.218,00

LABOR OBLIGATIONS

1.056.108,00

1.053.071,00

901.294,00

TAXES & CONTRIBUTIONS

4.622.988,00

1.980.009,00

1.536.973,00

LOANS AND FINANCING

23.676.312,00

40.120.997,00

41.538.804,00

OTHER

3.383.238,00

1.190.029,00

273.041,00

DIVIDENDS

 

 

1.503.230,00

 

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

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

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

TOTAL CURRENT LIABILITIES

57.846.642,00

75.959.184,00

74.523.560,00

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

LOANS AND FINANCING

53.429.014,00

25.212.330,00

25.755.861,00

TAXES AND CONTRIBUTIONS

8.751.128,00

5.897.394,00

2.540.942,00

 

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

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

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

TOTAL LONG TERM LIABILITIES

62.180.142,00

31.109.724,00

28.296.803,00

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

21.476.363,00

21.476.363,00

21.476.363,00

LEGAL RESERVES

412.636,00

412.636,00

412.636,00

PROFIT (LOSS) OF PERIOD

-4.500.385,00

-2.572.362,00

 

PROFIT RESERVES

 

67.201,00

67.201,00

 

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

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

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

TOTAL NET EQUITY

17.388.614,00

19.383.838,00

21.956.200,00

 

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

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

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

TOTAL LIABILITIES

137.415.398,00

126.452.746,00

124.776.563,00

 

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

244.095.312,00

250.797.629,00

230.871.403,00

(-) TAXES ON SALES

46.979.905,00

51.358.367,00

46.147.200,00

 

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

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

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

NET SALES

197.115.407,00

199.439.262,00

184.724.203,00

(-) COST OF SOLD GOODS

146.937.251,00

132.349.792,00

125.219.782,00

 

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

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

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

GROSS PROFIT

50.178.156,00

67.089.470,00

59.504.421,00

OPERATING REVENUE (EXPENSE)

-40.942.604,00

-52.977.632,00

-49.389.068,00

FINANCIAL REVENUE(EXPENSE)

-11.230.776,00

-16.684.200,00

-7.692.673,00

 

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

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

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

OPERATIONAL PROFIT (LOSS)

-1.995.224,00

-2.572.362,00

2.422.680,00

CONTRIBUTION/INCOME TAX

 

 

-840.332,00

 

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

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

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

NET PROFIT (LOSS)

-1.995.224,00

-2.572.362,00

1.582.348,00

 

RATIOS:

31/12/2013

31/12/2012

31/12/2011

 

QUICK RATIO

,94

 

,76

 

,73

 

CURRENT RATIO

1,59

 

1,25

 

1,25

 

ACCOUNTS RECEIVABLE TURNOVER

5,01

TIMES

4,86

TIMES

5,11

TIMES

DAYS' SALES IN RECEIVABLES

71,80

DAYS

74,06

DAYS

70,48

DAYS

INVENTORY TURNOVER

3,90

TIMES

3,53

TIMES

3,21

TIMES

ACCOUNTS PAYABLE PERIOD

61,52

DAYS

86,00

DAYS

82,71

DAYS

RETURN ON ASSETS

1,43

TIMES

1,58

TIMES

1,48

TIMES

SALES TURNOVER ON NET EQUITY

11,34

TIMES

10,29

TIMES

8,41

TIMES

NET WORTH TIE-UP

,57

 

,57

 

,49

 

INDEBTEDNESS

6,90

 

5,52

 

4,68

 

EQUITY RATIO

12,65

%

15,33

%

17,60

%

WORKING CAPITAL RATIO

59,20

%

25,19

%

24,91

%

GENERAL SOLVENCY

1,14

 

1,18

 

1,21

 

RETURN ON NET EQUITY

-11,47

%

-13,27

%

7,21

%

RETURN ON SALES (PROFIT MARGIN)

-1,01

%

-1,29

%

,86

%

GROSS PROFIT MARGIN

25,46

%

33,64

%

32,21

%

OPERATIONAL RESULT

-1,01

%

-1,29

%

1,31

%

SALES TURNOVER ON LIABILITIES

3,41

TIMES

2,63

TIMES

2,48

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,65

 - OFFICIAL RATE ON 09/01/2015

US$ 1,00 = R$ 2,04

 - OFFICIAL RATE ON 31/12/2012

US$ 1,00 = R$ 1,87

 - OFFICIAL RATE ON 31/12/2011

US$ 1,00 = R$ 2,34

 - OFFICIAL RATE ON 31/12/2013

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS.

 

THE ANNUAL FIGURES FOR 2013 SHOW A DELICATE FINANCIAL STANDING. THE LEVEL OF INDEBTEDNESS WAS VERY HIGH AND MAINLY IS COMPRISED BY SHORT AND LONG TERM FINANCIAL DEBTS. DESPITE THIS SCENARIO IT HAS GOOD CURRENT RATIO AND POSITIVE WORKING CAPITAL. IT SHOWS GROWING SALES BUT THE HIGH OPERATING AND FINANCIAL EXPENSES DROVE THE COMPANY TO MAKE LOSS.

 

REAL ESTATE:

 

   OWNED PREMISES ARE VALUED AT R$ 1.895.514,00

 

VEHICLES:

 

   OWNED VEHICLES ARE VALUED AT R$ 1.551.451,00

 

MACHINES:

 

   OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 2.408.661,00

 

 

INSURANCE

 

INSURANCE COMPANY:

MARITIMA SEGUROS S/A

COVERAGE:

FIRE, RAY, EXPLOSION AND STRIKE

VALUE:

R$ 40.000.000,00

 

 

BANKING REFERENCES:

 

 

BRANCH/PHONE:

CITY:

BANCO BRADESCO S/A

3645-5 / 41 3026-9769

CURITIBA/PR

 

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:

 

 

THE SUBJECT IS ENGAGED IN THE MANUFACTURE OF INDUSTRIAL CHEMICALS, SUCH AS: LUBRICANTS, ANTICORROSIVE SUBSTANCES, HYDRAULIC FLUIDS AND PRODUCTS FOR THE STEEL, TEXTILE, PLASTIC, PAPER AND GLASS INDUSTRIES.

 

THE SUBJECT MAY ALSO IMPORT, EXPORT AND PARTICIPATE IN OTHER BUSINESSES.

 

 

 

IMPORT AND EXPORT

 

   IMPORTS FROM:

UNITED STATES, GERMANY, CHINA, HOLLAND, SWEDEN AND TAIWAN.

 

   EXPORTS TO:

CHILE.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

 

IGARAS PAPEIS

 

 

TEKA TECELAGEM

 

 

VOTORANTIM CELULOSE E PAPEL

 

 

 

STAFF:

 

THE COMPANY HAS: 190 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT:

 

THE SUBJECT IS A COMPANY IN BUSINESS SINCE 1993. IT HAS A SUCCESSFUL TRADE HISTORY AND HAS BEEN OPERATING WITHOUT ANY INCONVENIENT. IT HAS A CLEAR TRADE HISTORY AND GOOD REPUTATION, BEING IN RELATION WITH IMPORTANT SUPPLIERS AND CUSTOMERS IN THE LOCAL MARKET.

 

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:

A. AZEVEDO IND. E COM. DE OLEOS LTDA

 

11 3806-4800

AKZO NOBEL LTDA.

 

11 4591-8800

ARCH QUIMICA BRASIL LTDA

 

11 4028-8036

BANDEIRANTE BRAZMO IND. E COM. LTDA

 

47 3438-6721

BASF S/A

 

11 4343-2958

BLUESTAR SILICONES BRASIL LTDA

 

19 3874-8068

BORDEN QUÍMICA S/A

 

41 3212-1600

BRENNTAG QUÍMICA BRASIL LTDA

 

47 2105-1000

BRESSAN IND. COM. EMBALAGENS

 

51 3466-8765

BUCKMAN LABORATÓRIOS LTDA

 

19 3864-5000

BUSCHLE & LEPPER S/A

 

41 3275-7577

CELANESE CHEMICALS

 

11 5683-7427

CERALIT S/A

 

19 3281-1488

CLARIANT S/A

 

11 5683-7553

COINBRA FRUTESP S/A

 

17 3344-6056

DOW CORNING DO BRASIL LTDA.

 

19 3887-9797

DOW QUÍMICA S/A

 

11 5188-9162

DU PONT DO BRASIL S/A

 

11 4166-8135

FOOTHILLS IND. E COM. LTDA

 

11 5033-2888

GE-OSI IND. DE SILICONES LTDA

 

11 4789-8321

INNOVA S/A

 

11 5507-6227

IPIRANGA COMERCIAL QUÍMICA S/A

 

0800-5102418

IQ SOLUÇÕES & QUIMICA S/A

 

0800-7017741

LANXESS LTDA

 

11 3741-1539

M. CASSAB COM. E IND. LTDA

 

 

MAKENI CHEMICALS COM. IND. QUIMICA. LTDA

 

11 4360-6400

MOMENTIVE PERFOMANCE LTDA

 

11 4534-9600

OXITENO S/A IND. COM.

 

11 3177-6666

PETROBRAS DISTRIBUIDORA S/A-BR

 

47 3348-6735

QUAKER CHEMICAL IND. COM. S/A

 

21 3305-1800

RIGESA CELULOSE, PAPEL E EMBALAGENS

 

47 3221-5333

ROYALPLAST IND. E COMÉRCIO LTDA

 

11 6462-2600

SNF DO BRASIL LTDA

 

11 2303-4290

SOLVAY QUÍMICA LTDA

 

11 3708-5276

SULATLANTICA IMP. E EXP. LTDA

 

21 2471-4923

SULATLANTICA IMP. E EXP. LTDA

 

21 2471-4923

SYNTEKO S/A

 

41 2105-7526

ULTRAFERTIL S/A

 

13 3362-0317

UNA PROSIL LTDA

 

11 4898-8090

WACKER QUIMICA DO BRASIL LTDA

 

11 4789-8320

 

PAYMENT HISTORY:

 

20 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 701.580,00

 

AMOUNT OF INVOICES PAID: 105

TOTAL OF PROMPT PAYMENTS: 97,4%

TOTAL OF DELAYED PAYMENTS: 2,6%

 

HIGHEST INVOICE: R$ 92.500,00

HIGHEST CREDIT: R$ 4.455,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS:

 

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

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

1

1

R$ 660,16

 

 

FINAL OPINION:

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS. 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.

 

DESPITE FOR HIGHER AMOUNTS IT WOULD BE RECOMMEND TAKING THE APPROPRIATE CAUTION.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs. 61.89

UK Pound

1

Rs. 93.92

Euro

1

Rs. 72.00

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

ASH

 

 

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.