|
Report No. : |
349491 |
|
Report Date : |
18.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
ACRINOR - ACRILONITRILA DO NORDESTE S/A |
|
|
|
|
Registered Office : |
Rua Hidrogenio,824 - Pólo Petroquímico 42810-010 - Camaçari/Ba |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
23.09.1976 |
|
|
|
|
Legal Form : |
Privately Held Corporation |
|
|
|
|
Line of Business : |
Manufacture of petrochemicals |
|
|
|
|
No. of Employee : |
100 |
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 |
ACRINOR - ACRILONITRILA DO NORDESTE S/A
ADDRESSES
|
|
MAIN ADDRESS: |
RUA
HIDROGENIO,824 - PÓLO PETROQUÍMICO |
|
ZIP CODE/CITY: |
42810-010 -
CAMAÇARI/BA |
|
|
|
|
PHONE: |
71 3878-6335 |
|
E-MAIL: |
mauro.duarte@unigel.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
LOC AREA DE TANQUES, S/N - ILHA DE BARNABE |
|
ZIP CODE/CITY: |
11.015-14
SANTOS/SP |
LEGAL
DATA
|
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF
PETROCHEMICALS |
|
LEGAL FORM: |
PRIVATELY HELD CORPORATION |
|
|
|
|
INCORPORATION
DATE: |
23/09/1976 |
|
REGISTER DATE: |
14/10/1976 |
|
BALANCE SHEET
FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR
NUMBER(CNPJ): |
13.546.353/0001-33 |
|
STATE REGISTER: |
00.911.567 NO |
|
|
|
|
SHARE CAPITAL: |
R$ 144.800.842,00 |
|
BOARD OF DIRECTORS: |
|
|
|
|
|
WENDEL OLIVEIRA
DE SOUZA |
DIRECTOR |
|
ROBERTO FIAMENGHI |
DIRECTOR |
|
LUIZ ANTONIO DE
OLIVEIRA MASCARENHAS |
DIRECTOR |
|
ROBERTO NORONHA
SANTOS |
DIRECTOR |
AUTHORIZED
USE OF SIGNATURE
|
|
THE DIRECTORS ARE
AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS / PARTNERS: |
|
|
|
|
|
UNIGEL S/A |
100% |
|
AFFILIATES / SUBSIDIARIES: |
|
|
|
|
|
PROQUIGEL QUÍMICA |
|
|
RESARBRÁS
ACRÍLICOS |
|
|
CBE - COMPANHIA
BRASILEIRA DE ESTIRENO |
|
|
POLICARBONATOS DO
BRASIL |
|
|
PQU -
PETROQUIMICA UNIAO |
|
|
POLO FILMS |
|
|
CARDINALI
INDÚSTRIA |
|
|
ENGEPACK |
|
|
LATAPACK-BALL
EMBALAGENS LTDA |
|
|
UNIGEL PLÁSTICOS |
|
|
PLASTIGLAS
(MEXICO) |
|
COMPANY'S
BACKGROUND
|
|
THE SUBJECT WAS ESTABLISHED
ON SEPTEMBER 23, 1976 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:
"ACRINOR" IT BELONGS TO THE
UNIGEL GROUP, WHICH IS COMPRISED BY SEVERAL COMPANIES AND THE RESULT OF THIS
ATTITUDE REFLECTS ON THEIR NATIONAL AND INTERNATIONAL MARKETING POSITION
MAKING THE GROUP AN IMPORTANT INDUSTRIAL PARTNER. THE UNIGEL GROUP HAS A
TURNOVER OF USD 500 MILLION, OF WHICH THE CHEMICAL DIVISION REPRESENTS 60%. FURTHER DETAILS
ARE SO FAR NOT KNOWN. SHAREHOLDER: UNIGEL S/A:
HEADQUARTERED AT AV. PRESIDENTE JUSCELINO KUBITSCHEK 1726, 13.AND-CJ.131-A,
SAO PAULO/SP, REGISTRATION # CNPJ 05.303.481/0001-28. THE PREVIOUS
NUMBER OF EMPLOYEES (150) WAS INCORRECT. REMARKS: -------- WHEN CONTACTING
THE SUBJECT WE INTERVIEWED MR. MAURO DUARTE, 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: |
|
PROTESTS: |
|
6 PROTESTS,TOTAL AMOUNT R$ 5.081,18 |
|
DATE OF FIRST PROTEST: 03/2015 R$ 800,00 |
|
DATE OF HIGHEST PROTEST: 03/2015 R$ 1,479,30 |
|
DETAILS OF
LATEST PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
CARTÓRIO DE
CAMAÇARI/BA |
06/10/2015 |
R$ 1.108,20 |
|
CARTÓRIO DE
CAMAÇARI/BA |
10/09/2015 |
R$ 330,00 |
|
CARTÓRIO DE
CAMAÇARI/BA |
01/09/2015 |
R$ 630,00 |
|
CARTÓRIO DE
CAMAÇARI/BA |
30/07/2015 |
R$ 733,68 |
|
CARTÓRIO DE
CAMAÇARI/BA |
30/03/2015 |
R$ 800,00 |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
2 |
EXECUTIVE
LAWSUITS |
20/06/11 |
2ª VARA DE
CAMACARI/BA |
FINANCIAL
INFORMATION
|
|
GENERAL BALANCE
SHEETS AS OF 31/12/2014, 31/12/2013 AND 31/12/2012. |
|
( FIGURES ARE IN THOUSANDS
OF REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
CASH AND BANKS |
300 |
66 |
29.884 |
|
CLIENTS |
466.947 |
11.477 |
4.343 |
|
INVENTORY |
32.839 |
47.130 |
31.911 |
|
RECOVERABLE TAXES |
60.809 |
49.531 |
28.812 |
|
DEFERRED TAXES |
1.529 |
527 |
1.544 |
|
PRE PAID EXPENSES |
1.337 |
246 |
307 |
|
OTHER CREDITS |
6.321 |
61 |
208 |
|
CURRENT ACCOUNTS |
22.954 |
13.240 |
3.416 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT
ASSETS |
593.036 |
122.278 |
100.425 |
|
LONG-TERM RECEIVABLES: |
|
|
|
|
|
|
|
|
|
RECOVERABLE TAXES |
776 |
107 |
91 |
|
DEFERRED TAXES |
|
6.227 |
|
|
JUDICIAL DEPOSITS |
3.775 |
2.421 |
2.192 |
|
CURRENT ACCOUNT |
411.111 |
385.082 |
311.071 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM
RECEIVABLES |
415.662 |
393.837 |
313.354 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
1.521 |
1.626 |
1.626 |
|
FIXED ASSETS |
271.827 |
74.456 |
82.107 |
|
INTANGIBLE |
271 |
139 |
233 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED
ASSETS |
273.619 |
76.221 |
83.966 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
1.282.317 |
592.336 |
497.745 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
LOANS AND
FINANCING |
55.868 |
40.000 |
13.789 |
|
SUPPLIERS |
147.051 |
94.417 |
46.443 |
|
TAXES &
CONTRIBUTIONS |
21.818 |
490 |
1.091 |
|
SALARIES PAYABLE |
4.591 |
2.027 |
1.829 |
|
OTHER DEBTS |
13.586 |
3.726 |
2.560 |
|
DIVIDENDS |
8.108 |
|
|
|
CURRENT ACCOUNTS |
1.908 |
678 |
611 |
|
INCOME TAX/SOCIAL
CONTRIBUTION |
3.568 |
4 |
452 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES
|
256.498 |
141.342 |
66.775 |
|
LONG TERM LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND
FINANCING |
75.175 |
26.828 |
55.191 |
|
PROVISION FOR
CONTINGENCIES |
3.284 |
3.601 |
2.822 |
|
TAXES AND
CONTRIBUTIONS |
4.551 |
3.584 |
3.655 |
|
OTHER |
1.891 |
4.355 |
8.969 |
|
DEFERRED TAXES |
10.259 |
|
1.188 |
|
CURRENT ACCOUNT |
172.197 |
224.818 |
156.747 |
|
SUPPLIERS |
123.329 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM
LIABILITIES |
390.686 |
263.186 |
228.572 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
144.801 |
92.685 |
92.238 |
|
PROFIT RESERVES |
427.043 |
68.275 |
73.759 |
|
OTHER
COMPREHENSIVE INCOME |
56.260 |
24.315 |
33.868 |
|
DIVIDENDS |
7.029 |
2.533 |
2.533 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
635.133 |
187.808 |
202.398 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES
|
1.282.317 |
592.336 |
497.745 |
|
PROFIT AND LOSS ACCOUNTS
AS OF 31/12/2014, 31/12/2013 AND 31/12/2012. |
|
( FIGURES ARE IN
THOUSANDS OF REAIS ). |
|
|
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
NET SALES |
595.184 |
267.980 |
292.180 |
|
(-) COST OF SOLD
GOODS |
511.153 |
246.036 |
284.277 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
84.031 |
21.944 |
7.903 |
|
OPERATING REVENUE
(EXPENSE) |
-34.128 |
-18.130 |
-11.153 |
|
FINANCIAL
REVENUE(EXPENSE) |
-30.121 |
-18.109 |
-11.679 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL
PROFIT (LOSS) |
19.782 |
-14.295 |
-14.929 |
|
CONTRIBUTION/INCOME
TAX |
1.595 |
5.088 |
5.071 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS)
|
21.377 |
-9.207 |
-9.858 |
|
RATIOS: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
QUICK RATIO |
2,18 |
|
,53 |
|
1,03 |
|
|
CURRENT RATIO |
2,31 |
|
,87 |
|
1,50 |
|
|
ACCOUNTS
RECEIVABLE TURNOVER |
1,27 |
TIMES |
23,35 |
TIMES |
67,28 |
TIMES |
|
DAYS' SALES IN
RECEIVABLES |
282,44 |
DAYS |
15,42 |
DAYS |
5,35 |
DAYS |
|
INVENTORY
TURNOVER |
15,57 |
TIMES |
5,22 |
TIMES |
8,91 |
TIMES |
|
ACCOUNTS PAYABLE
PERIOD |
103,57 |
DAYS |
138,15 |
DAYS |
58,81 |
DAYS |
|
RETURN ON ASSETS |
,46 |
TIMES |
,45 |
TIMES |
,59 |
TIMES |
|
SALES TURNOVER ON
NET EQUITY |
,94 |
TIMES |
1,43 |
TIMES |
1,44 |
TIMES |
|
NET WORTH TIE-UP |
,43 |
|
,40 |
|
,41 |
|
|
INDEBTEDNESS |
1,02 |
|
2,15 |
|
1,46 |
|
|
EQUITY RATIO |
49,53 |
% |
31,71 |
% |
40,66 |
% |
|
WORKING CAPITAL
RATIO |
131,20 |
% |
-13,49 |
% |
50,39 |
% |
|
GENERAL SOLVENCY |
1,98 |
|
1,46 |
|
1,69 |
|
|
RETURN ON NET
EQUITY |
3,37 |
% |
-4,90 |
% |
-4,87 |
% |
|
RETURN ON SALES
(PROFIT MARGIN) |
3,59 |
% |
-3,44 |
% |
-3,37 |
% |
|
GROSS PROFIT
MARGIN |
14,12 |
% |
8,19 |
% |
2,70 |
% |
|
OPERATIONAL
RESULT |
3,32 |
% |
-5,33 |
% |
-5,11 |
% |
|
SALES TURNOVER ON
LIABILITIES |
2,32 |
TIMES |
1,90 |
TIMES |
4,38 |
TIMES |
|
FOREIGN CURRENCY
ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY
ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$
3,79 |
- OFFICIAL RATE ON 10/11/2015 |
|
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 NORMAL FINANCIAL STANDING. THE LEVEL OF INDEBTEDNESS IS
SOMEHOW HIGH BUT IT IS NOTED GOOD LIQUIDITY RATIOS AND POSITIVE WORKING CAPITAL
AMOUNT. IN ADDITION IT SHOWS HIGH GROWING SALES AND PROFITABILITY. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
INSURANCE
|
|
NOT AVAILABLE |
BANKING
REFERENCES
|
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO ITAUBANK
S/A |
0028 / 71 3346-
9864 |
SALVADOR/BA |
|
BANCO REAL
(SANTANDER) S/A |
0593 / 11 3174-
6267 |
CAMAÇARI/BA |
|
BANCO ITAÚ
(UNIBANCO) S/A |
0349 / 11 3097-
1164 |
SALVADOR/BA |
|
BANCO SANTANDER
(BRASIL) S/A |
0135 / 71 3243-
3144 |
SALVADOR/BA |
|
BANCO BRADESCO
S/A |
0826 / 71 3327-
7046 |
CAMAÇARI/BA |
|
BANCO DO BRASIL
S/A |
2940 / 11 2128-
7199 |
SALVADOR/BA |
|
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: NOVEMBER 10, 2015. |
ACTIVITIES
COMMENTS
|
|
SUBJECT IS
ENGAGED IN THE MANUFACTURE OF PETROCHEMICALS. IT IS THE UNIQUE PRODUCER OF
ACRYLONITRILE IN SOUTH AMERICA. |
|
IMPORT AND EXPORT: |
IMPORTS FROM:
|
UNITED STATES, ITALY
AND EUROPE. |
EXPORTS TO:
|
ITALY, UNITED
STATES AND ARGENTINA. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC CLIENTS: |
|
|
|
BASF |
|
|
|
NITRIFLEX |
|
|
|
PETROFLEX |
|
|
|
PROQUIGEL |
|
|
|
RADICI FIBRAS |
|
|
|
FOREIGN CLIENTS: |
COUNTRY: |
|
|
FISIPE |
ITALY |
|
|
ICC |
USA |
|
|
INNOVENNE |
ITALY |
|
|
PETROBRAS |
ARGENTINA |
|
|
POLIMERI |
ITALY |
|
|
STAFF: |
|
|
|
THE COMPANY HAS:
100 EMPLOYEE(S) |
CONCEPT
AND FULFILMENT
|
|
THE SUBJECT IS A WELL-ESTABLISHED
COMPANY, OPERATING SINCE 1976. SO FAR IT HAS HIGH SCALE OF ACTIVITIES AND
BELONGS TO A LARGE-SIZED GROUP. SO FAR IT HAS A CLEAR TRADE HISTORY AND
MODEST PAYMENT 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 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. OUR INVESTIGATION
THROUGH THE PUBLIC RECORDS SHOWED SOME DETRIMENTAL FILES REGISTERED AGAINST
THE SUBJECT BUT DUE TO THE SUBJECT’S HIGH FINANCIAL STRENGTH AND HIGH SCALE OF
OPERATIONS THE DETRIMENTAL FILES ARE CONSIDERED NORMAL AND DO NOT AFFECT ITS
TRADE REPUTATION OR ITS CREDITWORTHINESS. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC SUPPLIERS: |
|
|
|
BAHIANA
DISTRIBUIDORA DE GÁS - BAHIAGAS |
|
|
|
BRASKEM S/A |
|
|
|
PETROLEO
BRASILEIRO S/A- PETROBRAS |
|
|
|
PAYMENT HISTORY: |
|
8 SUPPLIERS
REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 95.882,00 |
|
|
|
AMOUNT OF
INVOICES PAID: 42 |
|
TOTAL OF PROMPT
PAYMENTS: 65,2% |
|
TOTAL OF DELAYED
PAYMENTS: 34,8% |
|
|
|
HIGHEST INVOICE:
R$ 15.561,00 |
|
HIGHEST CREDIT:
R$ 15.561,00 |
|
|
|
OUTSTANDING INVOICES DUE WITHIN THE NEXT
30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL
AMOUNT: |
|
DUE WITHIN 30
DAYS |
1 |
1 |
R$ 181,20 |
FINAL
OPINION
|
|
THE SUBJECT IS A
WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS. UP TO DATE IT HAS A
NORMAL FINANCIAL STANDING BUT A CLEAR TRADE HISTORY AND SATISFACTORY 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. AN INITIAL CREDIT
LIMIT OF USD 1.000.000,00 MAY BE CONSIDERED. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.98 |
|
|
1 |
Rs.100.11 |
|
Euro |
1 |
Rs.70.35 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.