|
Report No. : |
348084 |
|
Report Date : |
07.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
COPERMED COMERCIAL IMPORTADORA LTDA |
|
|
|
|
Registered Office : |
Rua Dr. Murilo Carvalho Coutinho, 90 Bairro Fatima Iii, 37500-000 - Pouso Alegre/Mg |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
09.07.2007 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of pharmaceuticals |
|
|
|
|
No. of Employee : |
15 |
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 – 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. 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. 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.
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 reelection 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 |
COPERMED COMERCIAL
IMPORTADORA LTDA
ADDRESSES
|
|
MAIN ADDRESS: |
RUA DR. MURILO CARVALHO COUTINHO, 90 BAIRRO FATIMA III |
|
ZIP CODE/CITY: |
37500-000 - POUSO ALEGRE/MG |
|
|
|
|
PHONE: |
35 3422-9744 |
|
FAX: |
35 3422-9744 |
|
E-MAIL: |
copermed@bol.com.br |
|
WEB SITE: |
www.copermed.com |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
AVENIDA PINTO COBRA, 370 VILA MARIANA |
|
ZIP CODE/CITY: |
37550-000 POUSO ALEGRE/RS |
LEGAL
DATA
|
|
MAIN ACTIVITIES: |
|
WHOLESALE OF PHARMACEUTICALS. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
09/07/2007 |
|
REGISTER DATE: |
09/07/2007 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
09.029.404/0001-82 |
|
STATE REGISTER: |
001.042.00000-97 |
|
|
|
|
SHARE CAPITAL: |
R$ 2.700.000,00 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
BRUNO ALEXANDRE DEMORI |
MANAGING PARTNER |
AUTHORIZED
USE OF SIGNATURE
|
|
THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
ANGELO EURICO DEMORI (DECEASED) |
99% |
|
BRUNO ALEXANDRE DEMORI |
1% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
NO SHARE INTERESTS IN OTHER COMPANIES WERE NOTED |
|
COMPANY'S
BACKGROUND
|
|
THE SUBJECT WAS ESTABLISHED ON JULY 9, 2007 AS COPREMED COMERCIO DE
PERFUMARIA E MEDICAMENTOS LTDA. TO BE ENGAGED IN THE SAID LINE OF BUSINESS.
LATER IT ADOPTED THE ABOVE MENTIONED NAME AND UP TO DATE IT IS STILL
OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN. BUSINESS ADDRESS HAS CHANGED FROM (RODOVIA JK, KM (BR 459), 111 S/Nº -
BAIRRO DOS CHAVES, POUSO ALEGRE/MG) TO THE PRESENT REGISTERED ONE. TRADE NAME: "COPERMED" PARTNERS: ANGELO EURICO DEMORI: REPRESENTED BY BRUNO ALEXANDRE DEMORI BRUNO ALEXANDRE DEMORI: BRAZILIAN, SINGLE, ENTREPRENEUR, HOLDER OF
DOCUMENTS CPF 376.360.938-55 AND RG 44.553.570-2, SSP/SP, RESIDENTIAL ADDRESS
AT RODOVIA J.K. 111, S/Nº. BAIRRO DOS CHAVES, ZIP CODE 37550-000, POUSO
ALEGRE/MG. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
1 |
FEDERAL LAWSUIT |
01/12/14 |
1ª VARA DE MG-POUSO ALEGRE |
FINANCIAL
INFORMATION
|
|
GENERAL BALANCE SHEETS AS OF 31/12/2014, 31/12/2013 AND 31/12/2012. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
CASH AND CASH EQUIVALENTS |
6.769,93 |
86.339,94 |
59.595,48 |
|
CLIENTS |
26.573.723,60 |
291.816,90 |
876.281,64 |
|
ADVANCE TO SUPPLIERS |
|
|
46.022,54 |
|
ADVANCES |
80.310,10 |
57.050,59 |
25.512,74 |
|
RECOVERABLE TAXES |
805.266,21 |
1.333.236,24 |
304.594,08 |
|
INVENTORY |
3.523.118,20 |
2.889.230,36 |
1.650.059,15 |
|
ADVANCE TO EMPLOYEES |
|
43.700,00 |
43.700,00 |
|
DISCOUNTED NOTES |
-26.568.656,74 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
4.420.531,30 |
4.701.374,03 |
3.005.765,63 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
ACCOUNTS RECEIVABLES |
495.193,85 |
495.193,85 |
495.193,85 |
|
JUDICIAL DEPOSITS |
35.433,01 |
35.433,01 |
35.433,01 |
|
OTHER CREDITS |
|
858.705,78 |
242.616,62 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
530.626,86 |
1.389.332,64 |
773.243,48 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
2.571.235,81 |
1.025.167,61 |
460.349,64 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
2.571.235,81 |
1.025.167,61 |
460.349,64 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
7.522.393,97 |
7.115.874,28 |
4.239.358,75 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
LABOR OBLIGATIONS |
42.998,99 |
84.528,63 |
104.905,54 |
|
TRIBUTARY OBLIGATIONS |
470.343,64 |
567.551,34 |
240.574,76 |
|
FINANCING |
110.000,00 |
1.499.215,58 |
|
|
SUPPLIERS |
2.268.225,07 |
2.508.487,52 |
2.378.971,78 |
|
OTHER |
800.000,00 |
1.804,29 |
101,39 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
3.691.567,70 |
4.661.587,36 |
2.724.553,47 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
6.158,86 |
6.158,86 |
138.949,38 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
6.158,86 |
6.158,86 |
138.949,38 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
2.700.000,00 |
12.600,00 |
12.600,00 |
|
ACCRUED PROFIT (LOSS) |
1.124.667,41 |
2.435.528,06 |
1.363.255,90 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
3.824.667,41 |
2.448.128,06 |
1.375.855,90 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
7.522.393,97 |
7.115.874,28 |
4.239.358,75 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2014, 31/12/2013 AND 31/12/2012. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
GROSS SALES |
21.036.443,09 |
17.886.865,26 |
9.655.329,15 |
|
(-) TAXES ON SALES |
2.082.568,27 |
1.475.147,40 |
980.734,18 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
18.953.874,82 |
16.411.717,86 |
8.674.594,97 |
|
(-) COST OF SOLD GOODS |
13.293.242,36 |
10.182.941,88 |
4.798.505,38 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
5.660.632,46 |
6.228.775,98 |
3.876.089,59 |
|
OPERATING REVENUE (EXPENSE) |
-3.464.832,94 |
-4.257.045,42 |
-2.451.296,88 |
|
FINANCIAL REVENUE(EXPENSE) |
-194.183,90 |
-129.671,76 |
-86.844,09 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
2.001.615,62 |
1.842.058,80 |
1.337.948,62 |
|
NON-OPERATING RESULT |
-1.140,71 |
|
-476,71 |
|
CONTRIBUTION/INCOME TAX |
-623.935,56 |
-769.786,64 |
-265.909,73 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
1.376.539,35 |
1.072.272,16 |
1.071.562,18 |
|
MONTHLY SALES |
|||
|
|
2015 |
|
|
|
|
--------------------- |
--------------------- |
|
|
JANUARY |
R$ 725.189,87 |
|
|
|
FEBRUARY |
R$ 1.550.190,31 |
|
|
|
MARCH |
R$ 2.178.104,40 |
|
|
|
APRIL |
R$ 1.058.334,76 |
|
|
|
MAY |
R$ 643.061,58 |
|
|
|
JUNE |
R$ 1.545.726,66 |
|
|
|
JULY |
R$ 1.087.776,14 |
|
|
|
AUGUST |
|
|
|
|
SEPTEMBER |
|
|
|
|
OCTOBER |
|
|
|
|
NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$ 8.788.383,72 |
|
|
|
RATIOS: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
QUICK RATIO |
,24 |
|
,39 |
|
,50 |
|
|
CURRENT RATIO |
1,20 |
|
1,01 |
|
1,10 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
,71 |
TIMES |
56,24 |
TIMES |
9,90 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
504,73 |
DAYS |
6,40 |
DAYS |
36,37 |
DAYS |
|
INVENTORY TURNOVER |
3,77 |
TIMES |
3,52 |
TIMES |
2,91 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
61,43 |
DAYS |
88,68 |
DAYS |
178,48 |
DAYS |
|
RETURN ON ASSETS |
2,52 |
TIMES |
2,31 |
TIMES |
2,05 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
4,96 |
TIMES |
6,70 |
TIMES |
6,30 |
TIMES |
|
NET WORTH TIE-UP |
,67 |
|
,42 |
|
,33 |
|
|
INDEBTEDNESS |
,97 |
|
1,91 |
|
2,08 |
|
|
EQUITY RATIO |
50,84 |
% |
34,40 |
% |
32,45 |
% |
|
WORKING CAPITAL RATIO |
19,75 |
% |
,85 |
% |
10,32 |
% |
|
GENERAL SOLVENCY |
2,03 |
|
1,52 |
|
1,48 |
|
|
RETURN ON NET EQUITY |
35,99 |
% |
43,80 |
% |
77,88 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
7,26 |
% |
6,53 |
% |
12,35 |
% |
|
GROSS PROFIT MARGIN |
29,87 |
% |
37,95 |
% |
44,68 |
% |
|
OPERATIONAL RESULT |
10,56 |
% |
11,22 |
% |
15,42 |
% |
|
SALES TURNOVER ON LIABILITIES |
5,13 |
TIMES |
3,52 |
TIMES |
3,18 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 3,81 |
- OFFICIAL RATE ON 03/11/2015 |
|
US$ 1,00 = R$ 2,65 |
- OFFICIAL RATE ON 31/12/2014 |
|
US$ 1,00 = R$ 2,34 |
- OFFICIAL RATE ON 31/12/2013 |
|
US$ 1,00 = R$ 2,04 |
- OFFICIAL RATE ON 31/12/2012 |
|
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 SOMEHOW HIGH BUT IT HAS NORMAL CURRENT RATIO AND
POSITIVE WORKING CAPITAL, CONSIDERED SUFFICIENT TO COVER THE SHORT TERM
DEBTS. IT ALSO SHOWS HIGH GROWING SALES AND PROFITABILITY. THE INCREASE IN THE SALES VOLUME WAS ATTRIBUTABLE TO THE INCREASE OF
THE DEMAND. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 2.571.235,81
THE PARTNERS OWN REAL ESTATE VALUED AT
R$ 350.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
324.465,00
MACHINES
|
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 68.134,90
INSURANCE
|
|
INSURANCE COMPANY: |
BRADESCO SEGUROS |
|
COVERAGE: |
INVENTORY (ROBBERY / FIRE) |
|
VALUE: |
R$ 500.000,00 |
BANKING
REFERENCES
|
|
|
BRANCH/PHONE: |
|
|
BANCO SANTANDER (BRASIL) S/A |
3255 / 35 3429-7100 |
|
|
BANCO ITAÚ S/A |
7347 |
POUSO ALEGRE/MG |
|
BANCO DO BRASIL S/A |
0368-9 / 35 3449-4600 |
|
|
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 RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682
BRAZILIAN CENTRAL BANK"). |
ACTIVITIES
COMMENTS
|
|
WHOLESALE OF PHARMACEUTICALS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
INDIA AND EUROPE. |
EXPORTS TO:
|
ARGENTINA, URUGUAY, PARAGUAY AND CHILE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
PHONE: |
|
ADRIVAN |
|
11 4043-0411 |
|
BELFAR INDUSTRIA FARMACEUTICA |
|
31 3492-1100 |
|
CIMED INUSTRIA MEDICAMENTOS LTDA |
|
11 3544-7200 |
|
FAGRON DO BRASIL FARMACEUTICA LTDA |
|
11 5033-3700 |
|
HYPERMARCAS S/A |
|
62 3310-2500 |
|
HYPOFARMA INST. HYPODERMA |
|
31 3626-9019 |
|
LABORATORIO TEUTO |
|
62 3310-2088 |
|
MEDQUIMICA |
|
32 3222-1433 |
|
NEO QUIMICA |
|
62 3310-2400 |
|
NOVAFARMA INDUSTRIA FARMACEUTIVA |
|
62 3310-8200 |
|
ROYTON INDUSTRIA FARMACEUTICA |
|
11 2107-9008 |
|
VALDEQUIMICA PRODUTOS QUIMICOS |
|
11 3721-6407 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 15 EMPLOYEE(S) |
CONCEPT
AND FULFILMENT
|
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 2007. SO
FAR IT HAS A CLEAR TRADE HISTORY AND NORMAL BEHAVIOR. THE COMPANY HAS TRADE RELATIONS WITH SOME LOCAL SUPPLIERS BUT UP TO
DATE ONLY SMALL PAYMENTS WERE REPORTED AND THE SUBJECT IS NOT SAID TO BE USER
OF TRADE CREDIT FACILITIES. THE LAWSUIT REPORTED IS NOT RELATED WITH TRADE DEBT. IT IS RELATED TO
TAX DEBT THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID. NEVERTHELESS WE POINT
OUT THAT THE SAID LAWSUIT DOES NOT AFFECT THE COMPANY'S TRADE REPUTATION. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
|
|
LABORIS FARMACEUTICA LTDA |
|
|
|
OURO FINO SAUDE ANIMAL LTDA |
|
16 3518-2326 |
|
PAULINERIS TRANSPORTES E ENCOMENDAS LTDA |
|
35 3422-8935 |
|
PHARMASAIS COM. DIS. ESP.FARMACEUTICA LTDA |
|
11 3806-1760 |
|
TRANSPALLET TRANSPORTES E LOGISTICA LTDA |
|
11 2445-5515 |
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
|
|
DP PHARM CHEM |
GERMANY |
|
|
INDOCO REMEDIES |
INDIA |
|
|
JIANGSU GUOTAI INTERN. GROUP |
CHINA |
|
|
LACTOSE INDIA LTD |
INDIA |
|
|
SHAANXI TIANRUN PHYTOCHEMICAL CO |
|
|
|
SINOCHEM LIAONING CORPORATION |
CHINA |
|
|
SURYA PHARMACEUTICALS |
INDIA |
|
|
TECNHO DRUGS POLYDUGCOS |
|
|
|
VUAB FARMA AS |
|
|
|
PAYMENT HISTORY: |
|
5 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 153.546,00 |
|
|
|
AMOUNT OF INVOICES PAID: 15 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 33.390,00 |
|
HIGHEST CREDIT: R$ 33.390,00 |
|
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.65.79 |
|
|
1 |
Rs.99.95 |
|
Euro |
1 |
Rs.71.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.