|
Report No. : |
327198 |
|
Report Date : |
23.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
MEDQUIMICA INDUSTRIA FARMACÊUTICA S/A |
|
|
|
|
Registered Office : |
Rua Otacílio Esteves Da Silva,40 - Granjas Betania 36047-400 - Juiz De
Fora/Mg |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
21.07.1975 |
|
|
|
|
Legal Form : |
Privately Held Corporation |
|
|
|
|
Line of Business : |
Manufacture of pharmaceutical products. |
|
|
|
|
No. of Employee : |
537 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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. Since 2008, Brazil became a net external creditor and all three of the major 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. After reaching historic lows of 4.5% in early 2014, the unemployment rate remains low, but is rising. Brazil's traditionally high level of income inequality has declined for each of the last 15 years. GDP growth has slowed since 2011, due to several factors, including: overdependence on exports of raw commodities, low productivity, high operational costs, persistently high inflation, and low levels of investment. Brazil’s fiscal and current account balances have eroded during the past four years as the government attempted to boost economic growth through targeted tax cuts for industry and incentives to spur household consumption. After winning re-election in October 2014 by a historically narrow margin, President Dilma ROUSSEFF appointed a new economic team led by Finance Minister Joaquim LEVY, who introduced a fiscal austerity package intended to restore the primary account surplus to 1.2% of GDP and preserve the country’s investment-grade sovereign credit rating. Brazil seeks to strengthen its workforce and its economy over the long run by imposing local content and technology transfer requirements on foreign businesses, by investing in education through social programs such as Bolsa Familia and the Brazil Science Mobility Program, and by investing in research in the areas of space, nanotechnology, healthcare, and energy.
|
Source
: CIA |
MEDQUIMICA
INDUSTRIA FARMACÊUTICA S/A
ADDRESSES
|
|
MAIN ADDRESS: |
RUA OTACÍLIO ESTEVES DA SILVA,40 - GRANJAS BETANIA |
|
ZIP CODE/CITY: |
36047-400 - JUIZ DE FORA/MG |
|
|
|
|
PHONE: |
32 3224-4000 |
|
FAX: |
32 3224-4000 |
|
E-MAIL: |
|
|
WEB SITE: |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA FERNANDO LAMARCA,255
BLOCO C - DISTRITO INDUSTRIAL |
|
ZIP CODE/CITY: |
36092-030 JUIZ
DE FORA/MG |
|
PHONE: |
32 2101-4000 |
|
FAX: |
32 2101-4000 |
|
CNPJ: |
17.875.154/0003-91 |
|
|
|
|
ADDRESS: |
RUA OTACILIO ESTEVES DA SILVA,759 - GRANJAS BETÂNIA |
|
ZIP CODE/CITY: |
36047-400 JUIZ DE FORA/MG |
|
CNPJ: |
17.875.154/0004-72 |
LEGAL
DATA
|
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF PHARMACEUTICAL PRODUCTS. |
|
LEGAL FORM: |
PRIVATELY
HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
21/07/1975 |
|
REGISTER DATE: |
21/07/1975 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
17.875.154/0001-20 |
|
STATE REGISTER: |
367.170.800.0047 |
|
|
|
|
SHARE CAPITAL: |
R$ 37.014.224,00 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
JORGE LAGES DE OLIVEIRA |
PRESIDENT DIRECTOR |
|
EVANDRO RODRIGUES DA SILVA |
EXECUTIVE DIRECTOR |
|
VINICIUS BRAGA QUINTÃO |
COMMERCIAL DIRECTOR |
|
JADIR VIEIRA JUNIOR |
INDUSTRIAL DIRECTOR |
|
RODRIGO NICACIO |
FINANCIAL DIRECTOR |
AUTHORIZED
USE OF SIGNATURE
|
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
LUPIN LIMITED |
100% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
A SCAN THROUGH OUTSIDE
SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS/HAVE THE FOLLOWING
UNCONFIRMED HOLDINGS: |
|
|
DBLU PARTICIPAÇÕES LTDA |
|
COMPANY'S
BACKGROUND
|
|
THE SUBJECT WAS ESTABLISHED ON JULY 21, 1975 AS MEDQUIMICA INDUSTRIA FARMACÊUTICA
LTDA TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON DECEMBER 23, 2011 IT
ALTERED TO ABOVE-MENTIONED NAME AND UP TO DATE IT IS STILL OPERATING WITHIN
THE GENERAL SCENE REPORTED HEREIN. PARTNERS: JIPE PARTICIPACOES LTDA: HEADQUARTERED AT RUA FERNANDO LAMARCA
255, JUIZ DE FORA/MG, REGISTRATION #
CJPJ 17.870.693/0001-76. GCP FARMA HOLDING PARTICIPAÇÕES S/A: HEADQUARTERED AT RUA TABAPUA,
1123 - SALA 241 A 244, SAO PAULO/SP, REGISTRATION # CJPJ 14.294.559/0001-86. FURTHER DETAILS 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
SENT 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 INVESTIGATED. |
|
PUBLIC INFORMATION: |
|
PROTESTS: |
|
1 PROTESTS,TOTAL AMOUNT R$
8.830,31 |
|
DETAILS OF LATEST PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
1º CAROTORIO DE JUIZ DE FORA/MG |
22/05/2015 |
R$ 8.830,31 |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
1 |
EXECUTIVE LAWSUIT |
13/08/14 |
4ª VARA DE JUIZ DE FORA/MG |
|
1 |
FEDERAL LAWSUIT |
22/05/14 |
2ª VARA DE MG-JUIZ DE FORA |
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 |
683 |
471 |
11.785 |
|
CLIENTS |
22.863 |
16.389 |
14.458 |
|
ADVANCES |
481 |
730 |
1.480 |
|
INVENTORY |
8.661 |
6.742 |
5.902 |
|
RECOVERABLE TAXES |
1.289 |
1.369 |
1.089 |
|
PRE PAID EXPENSES |
80 |
144 |
134 |
|
OTHER CREDITS |
217 |
306 |
751 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
34.274 |
26.151 |
35.599 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
INTERCOMPANY CREDITS |
1.435 |
881 |
|
|
OTHER CREDITS |
138 |
10 |
26 |
|
RECOVERABLE TAXES |
114 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
1.687 |
891 |
26 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
25.336 |
24.802 |
12.821 |
|
INTANGIBLE |
9.875 |
7.657 |
7.061 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
35.211 |
32.459 |
19.882 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
71.172 |
59.501 |
55.507 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
SUPPLIERS |
8.342 |
5.194 |
6.404 |
|
LOANS AND FINANCING |
28.736 |
18.438 |
8.802 |
|
TRIBUTARY OBLIGATIONS |
2.600 |
2.458 |
2.555 |
|
SOCIAL OBLIGATIONS |
3.661 |
3.108 |
2.820 |
|
OTHER DEBTS |
1.483 |
1.455 |
1.297 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
44.822 |
30.653 |
21.878 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
4.855 |
7.312 |
8.238 |
|
TRIBUTARY OBLIGATIONS |
5.117 |
6.120 |
7.369 |
|
SOCIAL OBLIGATIONS |
1.886 |
2.107 |
2.641 |
|
PROVISION FOR CONTINGENCIES |
248 |
176 |
671 |
|
OTHER |
27 |
57 |
21 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
12.133 |
15.772 |
18.940 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
37.014 |
37.014 |
37.014 |
|
CAPITAL RESERVES |
1 |
1 |
1 |
|
ACCRUED PROFIT (LOSS) |
-29.863 |
-31.004 |
-30.799 |
|
OTHER COMPREHENSIVE INCOME |
7.065 |
7.065 |
8.473 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
14.217 |
13.076 |
14.689 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
71.172 |
59.501 |
55.507 |
|
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 |
|
|
72.515 |
|
(-) TAXES ON SALES |
|
|
14.704 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
80.828 |
62.905 |
57.811 |
|
(-) COST OF SOLD GOODS |
49.388 |
38.080 |
21.990 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
31.440 |
24.825 |
35.821 |
|
OPERATING REVENUE (EXPENSE) |
-23.860 |
-22.534 |
-43.845 |
|
FINANCIAL REVENUE(EXPENSE) |
-6.192 |
-3.904 |
-6.859 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
1.388 |
-1.613 |
-14.883 |
|
CONTRIBUTION/INCOME TAX |
-247 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
1.141 |
-1.613 |
-14.883 |
|
MONTHLY SALES |
|||
|
|
2014 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 7.478.935,58 |
|
|
|
FEBRUARY |
R$ 8.274.927,55 |
|
|
|
MARCH |
R$ 10.034.312,68 |
|
|
|
APRIL |
|
|
|
|
MAY |
|
|
|
|
JUNE |
|
|
|
|
JULY |
|
|
|
|
AUGUST |
|
|
|
|
SEPTEMBER |
|
|
|
|
OCTOBER |
|
|
|
|
NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$ 25.788.175,81 |
|
|
|
RATIOS: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
QUICK RATIO |
,57 |
|
,63 |
|
1,36 |
|
|
CURRENT RATIO |
,76 |
|
,85 |
|
1,63 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
3,54 |
TIMES |
3,84 |
TIMES |
4,00 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
101,83 |
DAYS |
93,79 |
DAYS |
90,03 |
DAYS |
|
INVENTORY TURNOVER |
5,70 |
TIMES |
5,65 |
TIMES |
3,73 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
60,81 |
DAYS |
49,10 |
DAYS |
104,84 |
DAYS |
|
RETURN ON ASSETS |
1,14 |
TIMES |
1,06 |
TIMES |
1,04 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
5,69 |
TIMES |
4,81 |
TIMES |
3,94 |
TIMES |
|
NET WORTH TIE-UP |
1,78 |
|
1,90 |
|
,87 |
|
|
INDEBTEDNESS |
4,01 |
|
3,55 |
|
2,78 |
|
|
EQUITY RATIO |
19,98 |
% |
21,98 |
% |
26,46 |
% |
|
WORKING CAPITAL RATIO |
-23,53 |
% |
-14,69 |
% |
62,72 |
% |
|
GENERAL SOLVENCY |
1,25 |
|
1,28 |
|
1,36 |
|
|
RETURN ON NET EQUITY |
8,03 |
% |
-12,34 |
% |
-101,32 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
1,41 |
% |
-2,56 |
% |
-25,74 |
% |
|
GROSS PROFIT MARGIN |
38,90 |
% |
39,46 |
% |
61,96 |
% |
|
OPERATIONAL RESULT |
1,72 |
% |
-2,56 |
% |
-25,74 |
% |
|
SALES TURNOVER ON LIABILITIES |
1,80 |
TIMES |
2,05 |
TIMES |
2,64 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 3,07 |
- OFFICIAL RATE ON 19/06/2015 |
|
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 ANNUAL FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING.
THE LEVEL OF INDEBTEDNESS IS VERY HIGH AND IT HAS LOW LIQUIDITY RATIOS. IN
ADDITION IT IS NOTED GROWING SALES AND MADE POSITIVE RESULTS. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 5.498.767,49
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 2.381.086,41
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 214.279,94
INSURANCE
|
|
NOT AVAILABLE. |
BANKING
REFERENCES
|
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO ITAÚ S/A |
1345 / 31 3249-3556 |
BELO HORIZONTE/MG |
|
BANCO SANTANDER S/A |
3901 / 32 3691-1800 |
|
|
BANCO BRADESCO S/A |
3505 / 32 3237-9752 |
|
|
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"). DATE RESEARCHED JUNE 19, 2015. |
ACTIVITIES
COMMENTS
|
|
THE SUBJECT IS ENGAGED IN THE MANUFACTURE, IMPORT AND EXPORT OF
PHARMACEUTICAL PRODUCTS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
CHINA, INDIA, TAIWAN, SWITZERLAND, URUGUAY, ARGENTINA, SOUTH COREA,
THAILAND, UNITED STATE |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
DIANALMED LTDA |
|
|
|
DISTRIBUIDORA VIANA GOMES |
|
|
|
J N DE LIMA COMERCIAL |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 537 EMPLOYEE(S) |
CONCEPT
AND FULFILMENT
|
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1975. SO FAR
IT HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEMS ARE NOTED. THE COMPANY HAS TRADE RELATIONS WITH SOME 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: |
|
ALLPLAS IND E COMERCIO LTDA |
|
11 4612-2233 |
|
CIEL - CONFIANÇA IMP EXP LTDA |
|
21 3535-9550 |
|
COSMOQUIMICA |
|
0800 116-633 |
|
DINALAB COM IMP EXP LTDA |
|
11 5588-1444 |
|
FORLAB-CHITEC S/A COM INTERNACIONAL |
|
21 2232-0038 |
|
HEXIS CIENTÍFICA S/A |
|
11 4589-2706 |
|
INDUKERN DO BRASIL QUIMICA LTDA |
|
11 3689-7666 |
|
KLOCKNER PENTAPLAST DO BRASIL LTDA |
|
11 4613-9979 |
|
MACRON INDUSTRIA GRÁFICA LTDA |
|
11 4393-8366 |
|
MAKENI CHEMICALS COM IND PROD SQUIM LTDA |
|
11 4360-6400 |
|
PURIFARMA DISTRIB QUIMICA E FARM LTDA |
|
11 272-5600 |
|
VALDEQUIMICA PRODUTOS QUIMICOS LTDA |
|
11 3721-1077 |
|
VETEC QUIMICA FINA LTDA |
|
21 3125-1920 |
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
|
|
POLYDRUG |
INDIA |
|
|
TIANJIN CHENGYI |
CHINA |
|
|
TRIOX |
INDIA |
|
|
PAYMENT HISTORY: |
|
12 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 46.337,00 |
|
|
|
AMOUNT OF INVOICES PAID: 36 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 4.524,00 |
|
HIGHEST CREDIT: R$ 4.524,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 60 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
1 |
2 |
R$ 1.850,00 |
|
DUE WITHIN 60 DAYS |
1 |
1 |
R$ 924,99 |
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.63.51 |
|
|
1 |
Rs.100.94 |
|
Euro |
1 |
Rs.72.32 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
ANK |
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.