MIRA INFORM REPORT

 

 

Report No. :

320719

Report Date :

21.05.2015

 

IDENTIFICATION DETAILS

 

Name :

CIMED INDÚSTRIA DE MEDICAMENTOS LTDA

 

 

Registered Office :

Rua Engenheiro Prudente,121 - Vila Monumento  01550-000 - São Paulo/Sp

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

22.10.1998

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture and sale of pharmaceuticals.

 

 

No. of Employee :

Not Available

 

 

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 :

Exist

 

 

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

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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. 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. Unemployment is at historic lows and Brazil's traditionally high level of income inequality has declined for each of the last 15 years. Rising inflation led the authorities to take measures to cool the economy in 2011; these actions and the deteriorating international economic situation slowed growth in 2011-14. Brazil’s fiscal and current account balances have eroded during the past three years as the government attempted to boost economic growth through targeted tax cuts for industry and incentives to spur household consumption. President Dilma ROUSSEFF has indicated that her government in her second term will pursue more austere fiscal policies to reduce these imbalances and preserve the country’s credit rating.

 

Source : CIA

 

 

Company name

 

CIMED INDÚSTRIA DE MEDICAMENTOS LTDA

 

 

ADDRESSES

 

MAIN ADDRESS:

RUA ENGENHEIRO PRUDENTE,121 - VILA MONUMENTO

ZIP CODE/CITY:

01550-000 - SÃO PAULO/SP

 

 

PHONE:

11 2915-9090

FAX:

11 2915-9090

E-MAIL:

contabil.coordenacao@grupocimed.com.br

 

 

 

BRANCHES:

 

 

 

ADDRESS:

AVENIDA ANGÉLICA,2248  ANDAR 5 ANDAR 6 ANDAR 7 - CONSOLAÇÃO

ZIP CODE/CITY:

01228-200 SÃO PAULO/SP

PHONE:

11 3544-7200

CNPJ:

02.814.497/0003-79

 

 

REQUESTED ADDRESS:

AV. CORONEL ARMANDO RUBENS STORINO,2750 - UNIDADE INDUSTRIAL I - BAIRRO DO ALGODÃO

ZIP CODE/CITY:

37550-000 POUSO ALEGRE/MG

PHONE:

35 2102-2000

CNPJ:

02.814.497/0002-98

 

 

ADDRESS:

RUA GONZALES PECOTCHE,284 - ARISTOCRATA

ZIP CODE/CITY:

83030-200 SÃO JOSÉ DOS PINHAIS/PR

CNPJ:

02.814.497/0004-50

 

 

ADDRESS:

AVENIDA RIO BRANCO,847 SALA 605 - CENTRO

ZIP CODE/CITY:

88015-205 FLORIANÓPOLIS/SC

CNPJ:

028.144.970-00

 

 

ADDRESS:

AVENIDA MARGINAL PROJETADA,1652 GALPÃO 08 - JARDIM MUTINGA

ZIP CODE/CITY:

06463-400 BARUERI/SP

 

 

ADDRESS:

RUA  ENGENHEIRO PRUDENTE,121 - VILA MONUMENTO

ZIP CODE/CITY:

01550-000 SÃO PAULO/SP

 

 

ADDRESS:

RUA GRACYRA RESSE DE GOUVEIA,1514 LOTE 45 - DISTRITO INDUSTRIAL

ZIP CODE/CITY:

32689-372 BETIM/MG

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE AND SALE OF PHARMACEUTICALS.

 

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

22/10/1998

REGISTER DATE:

22/10/1998

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

02.814.497/0001-07

STATE REGISTER:

115.980.771.110

 

 

SHARE CAPITAL:

R$ 53.709.924,00

 

BOARD OF DIRECTORS:

 

 

 

JOÃO DE CASTRO MARQUES

MANAGING PARTNER

JOÃO ADIBE ZACHARIAS MARQUES

MANAGING PARTNER

KARLA MARQUES FELMANAS

MANAGING PARTNER

MARIANA ZACHARIAS MARQUES BARBOSA

MANAGING PARTNER

 

 

AUTHORIZED USE OF SIGNATURE

 

THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

JOÃO DE CASTRO MARQUES

R$ 31.382.709,00

JOÃO ADIBE ZACHARIAS MARQUES

R$ 14.281.469,00

KARLA MARQUES FELMANAS

R$ 6.439.820,00

MARIANA ZACHARIAS MARQUES BARBOSA

R$ 1.605.926,00

 

AFFILIATES / SUBSIDIARIES:

 

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

 

 

NECKERMAN INDUSTRIA FARMACEUTICA LTDA

 

PREDILETA TOCANTINS DISTRIBUIDORA DE MEDICAMENTOS LTDA.

 

PREDILETA PE DISTRIBUIDORA DE MEDICAMENTOS LTDA. - EPP

 

TEC-COLOR HAIR COSMETICOS DO BRASIL LTDA - ME

 

K.M.G. DISTRIBUIDORA FARMACEUTICA LTDA - EPP

 

KAZAC PARTICIPACOES E EMPREENDIMENTOS LTDA.

 

PREDILETA SE DISTRIBUIDORA DE MEDICAMENTOS LTDA - EPP

 

PREDILETA MT DISTRIBUIDORA DE MEDICAMENTOS LTDA

 

PREDILETA DF DISTRIBUIDORA DE MEDICAMENTOS LTDA

 

ASSOCIACAO EDUCACIONAL CLAUDIA MARQUES DE EDUCACAO

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON OCTOBER 22, 1998 AS CIMED INDÚSTRIA DE MEDICAMENTOS S/A TO BE ENGAGED IN THE SAID LINE OF BUSINESS. LATER IT ADOPTED THE ABOVE MENTIONED NAME.

 

TRADE NAME: "CIMED".

 

PARTNERS:

 

JOÃO DE CASTRO MARQUES: BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS RG 3718471 SP, CPF 232.877.308-780, RESIDENTIAL ADDRESS AT RUA ENGENHEIRO EDGARD EGIDIO DE SOUSA 303, APTO 31, PACAEMBU, ZIP CODE 01233-020, SÃO PAULO/SP;

 

JOÃO ADIBE ZACHARIAS MARQUES: BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS RG 14600581 SP, CPF 129.633.008-75, RESIDENTIAL ADDRESS AT RODOVIA HAROLDO SOARES GLAVAN 4450, CASA 05, CACUPE, ZIP CODE 88050-005, FLORIANOPOLIS/SC;

 

KARLA MARQUES FELMANAS: BRAZILIAN, DIVORCED, HOLDER OF DOCUMENTS RG 14.600.582-X SP, CPF 128.260.488-05, RESIDENTIAL ADDRESS AT RUA MELO MORAIS FILHO 169, JARDIM GUEDALA, ZIP CODE 05610-040, SÃO PAULO/SP;

 

MARIANA ZACHARIAS MARQUES BARBOSA: BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS RG 18.190-178-X SP, CPF 166.310.298-80, RESIDENTIAL ADDRESS AT RUA DR. SERAFICO DE ASSIS CARVALHO 103, APTO 74, JARDIM LEONOR, ZIP CODE 05614-040, SÃO PAULO/SP;

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

REMARKS:

--------

 

WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS. ANA, ACCOUNTING DEPARTMENT, 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.

 

PUBLIC INFORMATION:

 

LAWSUITS:

 

 

 

DATE:

COURT OF LAW:

 

1

STATE LAWSUIT

31/12/12

VARA DE FLORIANOPOLIS/SC

1

FEDERAL LAWSUIT

23/07/13

2ª VARA DE POUSO ALEGRE/MG

 

 

FINANCIAL INFORMATION

 

GENERAL BALANCE SHEETS AS OF 31/12/2011.

( FIGURES ARE IN REAIS ).

 

ASSETS

 

 

 

CURRENT:

31/12/2011

 

 

 

 

 

 

CASH AND CASH EQUIVALENTS

931.050,70

 

 

CLIENTS

75.167.174,31

 

 

INVENTORY

22.548.474,03

 

 

RECOVERABLE TAXES

2.408.032,74

 

 

PRE PAID EXPENSES

677.921,53

 

 

OTHER CREDITS

1.582.185,33

 

 

 

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

 

 

TOTAL CURRENT ASSETS

103.314.838,64

 

 

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

RECOVERABLE TAXES

306.323,34

 

 

GUARANTEE DEPOSITS

6.072.334,24

 

 

JUDICIAL DEPOSITS

462.999,78

 

 

 

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

 

 

TOTAL LONG-TERM RECEIVABLES

6.841.657,36

 

 

 

FIXED ASSETS:

 

 

 

 

 

 

 

INVESTMENTS

12.564.068,84

 

 

FIXED ASSETS

87.929.102,16

 

 

 

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

 

 

TOTAL FIXED ASSETS

100.493.171,00

 

 

 

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

 

 

TOTAL ASSETS

210.649.667,00

 

 

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2011

 

 

 

 

 

 

SUPPLIERS

9.689.059,47

 

 

FOREIGN SUPPLIERS

4.635.245,25

 

 

BANKING DEBTS

29.061.121,85

 

 

TAXES & CONTRIBUTIONS

6.173.513,87

 

 

SALARIES PAYABLE

6.426.895,94

 

 

INTERCOMPANY DEBTS

2.197.220,91

 

 

COMMISSIONS DUE

1.119.285,35

 

 

OTHER DEBTS

895.470,52

 

 

PROVISIONS

25.000,00

 

 

 

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

 

 

TOTAL CURRENT LIABILITIES

60.222.813,16

 

 

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

LOANS AND FINANCING

83.494.097,15

 

 

TAXES AND CONTRIBUTIONS

1.523.758,76

 

 

 

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

 

 

TOTAL LONG TERM LIABILITIES

85.017.855,91

 

 

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

34.038.000,00

 

 

PROFIT SHARING

-819.057,98

 

 

PROFIT (LOSS) OF PERIOD

-4.014.191,36

 

 

PROFIT RESERVES

16.502.448,30

 

 

RESOURCE/INCREASE CAPITAL

19.671.924,00

 

 

PRIOR YEARS ADJUSTMENTS

29.874,97

 

 

 

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

 

 

TOTAL NET EQUITY

65.408.997,93

 

 

 

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

 

 

TOTAL LIABILITIES

210.649.667,00

 

 

 

PROFIT AND LOSS ACCOUNTS AS OF 31/12/2011.

( FIGURES ARE IN REAIS ).

 

 

31/12/2011

 

 

 

 

 

 

GROSS SALES

237.293.246,95

 

 

(-) TAXES ON SALES

54.612.791,31

 

 

 

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

 

 

NET SALES

182.680.455,64

 

 

(-) COST OF SOLD GOODS

97.135.326,19

 

 

 

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

 

 

GROSS PROFIT

85.545.129,45

 

 

OPERATING REVENUE (EXPENSE)

-69.807.421,54

 

 

FINANCIAL REVENUE(EXPENSE)

-20.367.895,71

 

 

 

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

 

 

OPERATIONAL PROFIT (LOSS)

-4.630.187,80

 

 

NON-OPERATING RESULT

615.996,44

 

 

 

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

 

 

NET PROFIT (LOSS)

-4.014.191,36

 

 

 

MONTHLY SALES

 

  2012

 

 

 

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

 

 

JANUARY

R$ 20.205.894,19

 

 

FEBRUARY

R$ 23.058.131,07

 

 

MARCH

R$ 24.336.229,44

 

 

APRIL

R$ 23.610.187,93

 

 

MAY

R$ 28.518.585,53

 

 

JUNE

R$ 25.624.704,58

 

 

JULY

R$ 28.964.915,48

 

 

AUGUST

R$ 32.700.072,52

 

 

SEPTEMBER

R$ 22.912.289,82

 

 

OCTOBER

R$ 28.769.067,36

 

 

NOVEMBER

 

 

 

DECEMBER

 

 

 

TOTAL

R$ 258.700.077,92

 

 

 

RATIOS:

31/12/2011

 

 

 

QUICK RATIO

1,34

 

 

 

 

 

CURRENT RATIO

1,72

 

 

 

 

 

ACCOUNTS RECEIVABLE TURNOVER

2,43

TIMES

 

 

 

 

DAYS' SALES IN RECEIVABLES

148,13

DAYS

 

 

 

 

INVENTORY TURNOVER

4,31

TIMES

 

 

 

 

ACCOUNTS PAYABLE PERIOD

35,91

DAYS

 

 

 

 

RETURN ON ASSETS

,87

TIMES

 

 

 

 

SALES TURNOVER ON NET EQUITY

2,79

TIMES

 

 

 

 

NET WORTH TIE-UP

1,34

 

 

 

 

 

INDEBTEDNESS

2,22

 

 

 

 

 

EQUITY RATIO

31,05

%

 

 

 

 

WORKING CAPITAL RATIO

71,55

%

 

 

 

 

GENERAL SOLVENCY

1,45

 

 

 

 

 

RETURN ON NET EQUITY

-6,14

%

 

 

 

 

RETURN ON SALES (PROFIT MARGIN)

-2,20

%

 

 

 

 

GROSS PROFIT MARGIN

46,83

%

 

 

 

 

OPERATIONAL RESULT

-2,53

%

 

 

 

 

SALES TURNOVER ON LIABILITIES

3,03

TIMES

 

 

 

 

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,99

 - OFFICIAL RATE ON 30/04/2015

US$ 1,00 = R$ 2,87

 - OFFICIAL RATE ON 31/12/2011

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS.

 

THE FIGURES AVAILABLE SHOW AN ACCEPTABLE FINANCIAL STANDING. THE LEVEL OF INDEBTEDNESS IS HIGH AND MAINLY IS COMPRISED BY FINANCIAL DEBTS. DESPITE THIS, IT HAS GOOD LIQUIDITY RATIOS AND WORKING CAPITAL, CONSIDERED SUFFICIENT TO COVER THE SHORT-TERM LIABILITIES. IN ADDITION IT SHOWS HIGH SALES BUT ITS HIGH EXPENSES DROVE THE COMPANY TO MAKE NEGATIVE RESULTS.

 

REAL ESTATE:

 

THE PARTNERS OWN REAL ESTATE VALUED AT  R$ 2.399.175,00

 

 

VEHICLES:

 

NOT AVAILABLE

 

MACHINES:

 

NOT AVAILABLE

 

 

INSURANCE

 

NOT AVAILABLE.

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

 

BANCO DO BRASIL S/A

3322 -7  /  11 3708-8987

 

BANCO BRADESCO S/A

0138 / 11 2178-4280

 

BANCO ITAÚ S/A

3381-2  /  11 2065-4071

 

 

 

ACTIVITIES COMMENTS

 

 

SUBJECT IS ENGAGED IN THE MANUFACTURE AND SALE OF PHARMACEUTICALS.

 

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

UNITED STATES, CHINA, INDIA, ITALY, GERMANY, URUGUAY, PANAMA AND MEXICO.

 

   EXPORTS TO:

DOES NOT EXPORT.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

 

DEMAC PRODUTOS FARMACÊUTICOS LTDA

 

 

DROG MAIS ECONÔMICA LTDA

 

 

EMPREENDIMENTOS PAGUE MENOS

 

 

 

STAFF:

 

   NOT AVAILABLE

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY OPERATING SINCE 1998. SO FAR IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOUR.

 

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.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

 

ART PACK EMBALAGENS LTDA

 

 

BRASÍLIA MÁQUINAS E FERRAMENTAS LTDA

 

11 6097-8500

C A S IMP. EXP. LTDA

 

11 5677-9696

DAMATEC CORREIAS INDUSTRIAIS LTDA

 

11 6421-7752

IMPACTA S/A. INDÚSTRIA E COMÉRCIO

 

 

INDURKERN DO BRASIL QUÍMICA LTDA

 

11 3689-7676

M CASSAB COMÉRCIO E INDÚSTRIA LTDA

 

11 5522-7788

ORBIS INDUSTRIAL E COMERCIO LTDA

 

 

OWENS ILLINOIS DO BRASIL S/A

 

 

RINEPLAST PLASTICOS RIO NEGRINHO LTDA

 

 

SHELLMAR EMBALAGEM MODER LTDA

 

11 4128-5200

SOUFER INDUSTRIAL LTDA

 

19 3634-3600

VALDEQUÍMICA PRODUTOS QUÍMICOS LTDA

 

11 3721-6407

 

FOREIGN SUPPLIERS:

COUNTRY:

PHONE:

ASHFORD INVEST & TRADE

PANAMA

59829244525

FERRO IM - UND EXPORT GMBH

GERMANY

49403068680

MEDISEAL GMBH

GERMANY

49522078880

 

PAYMENT HISTORY:

 

24 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 295.628,00

 

AMOUNT OF INVOICES PAID: 24

TOTAL OF PROMPT PAYMENTS: 97,6%

TOTAL OF DELAYED PAYMENTS: 2,4%

 

HIGHEST INVOICE: R$ 45.725,00

HIGHEST CREDIT: R$ 45.725,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS:

 

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

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

1

2

R$ 5.665,00

 

 

FINAL OPINION

 

THE SUBJECT HAS BEEN IN BUSINESS SINCE 1998. UP TO DATE IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOR.

 

BASED ON THE GENERAL INFORMATION AVAILABLE ITS 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 THE NEGATIVE RESULT A CREDIT LIMIT OF USD 1.000.000,00 MAY BE CONSIDERED. FOR HIGHER AMOUNTS IT WOULD BE RECOMMENDED DEMANDING A COLLATERAL OF THE SHAREHOLDERS.

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.63.86

UK Pound

1

Rs.98.89

Euro

1

Rs.70.73

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

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%)

 

 

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.