|
Report No. : |
349602 |
|
Report Date : |
20.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
DYNATECH INDÚSTRIAS QUÍMICAS LTDA |
|
|
|
|
Registered Office : |
Rua Lino Peixoto Amorim, 1251 – Paineiras, 13295-000 - Itupeva/SP |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
29.06.2007 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture, trade, import and export of chemical products |
|
|
|
|
No. of Employee : |
157 |
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 |
DYNATECH INDÚSTRIAS
QUÍMICAS LTDA
|
MAIN ADDRESS: |
RUA LINO PEIXOTO AMORIM, 1251 - PAINEIRAS |
|
ZIP CODE/CITY: |
13295-000 - ITUPEVA/SP |
|
|
|
|
PHONE: |
11 4591-7178 |
|
FAX: |
11 4591-7171 |
|
E-MAIL: |
mgoncalves@dynatechbr.com |
|
WEB SITE: |
www.dynatechbr.com |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA PAU BRASIL, 979 - BAIRRO IDEAL |
|
ZIP CODE/CITY: |
93332-100 NOVO HAMBURGO/RS |
|
PHONE: |
51 3587-3765 |
|
FAX: |
51 3587-1607 |
|
|
|
|
ADDRESS: |
AVENIDA DR. CARDOSO DE MELO,900 7º ANDAR, CONJUNTO 72 - VILA OLÍMPIA |
|
ZIP CODE/CITY: |
04548-003 SÃO PAULO/SP |
|
PHONE: |
11 3849-4000 |
|
FAX: |
11 3848-9494 |
|
MAIN ACTIVITIES: |
|
MANUFACTURE, TRADE, IMPORT AND EXPORT OF CHEMICAL PRODUCTS. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
29/06/2007 |
|
REGISTER DATE: |
29/06/2007 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
09.054.341/0001-14 |
|
STATE REGISTER: |
388.081.175.110 |
|
|
|
|
SHARE CAPITAL: |
R$ 1.530.000,00 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
LUIS MERINO GOMEZ |
DIRECTOR |
|
RAFAEL MERINO GOMES |
DIRECTOR |
|
MARCELO GONÇALVES DA SILVA |
ADM./FINANCIAL MANAGER |
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
LUIZ MERINO GOMEZ |
50,00% |
|
RAFAEL MERINO GOMES |
50,00% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR
DIRECTORS HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
|
|
|
EFG PARTNER DO BRASIL LTDA |
|
|
DYNATECH COMERCIAL IMPORTAÇÃO E EXPORTAÇÃO LTDA |
|
|
DYNATECH QUÍMICA LTDA |
|
|
GEE IND E COMERCIO DE CONFECÇÕES LTDA |
|
|
DYNAPAR EMPREENDIMENTOS E PARTICIPAÇÕES |
|
|
THE SUBJECT WAS ESTABLISHED ON JUNE 29, 2007 AS IBERKEM INDÚSTRIAS
QUÍMICAS 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. TRADE NAME: "DYNATECH" PARTNERS LUIS MERINO GOMEZ: SPANISH, MARRIED, HOLDER OF DOCUMENTS, RNE
W-599.324-S-SE/DPMAF, AND CPF 099.400.448-60, RESIDENTIAL ADDRESS AT RUA
INHAMBU, 66, APART. 171, VILA NOVA CONCEIÇÃO - SÃO PAULO/SP; RAFAEL MERINO GOMES: BRAZILIAN, DIVORCED, HOLDER OF DOCUMENTS, RG
13.014.455-1 SSP/SP AND CPF 099.395.768-46, RESIDENTIAL ADDRESS AT RUA
PASSEIO DOS GALEÕES, 354, APTO. 71, RIVIERA DE SÃO LOURENÇO - BERTIOGA/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
1 |
STATE LAWSUIT |
06/04/13 |
VARA DE SP-JUNDIAÍ |
|
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 BANKS |
1.240.166,63 |
2.787.927,84 |
1.684.662,09 |
|
INVESTMENTS |
7.719.476,10 |
5.240.049,99 |
1.472.581,96 |
|
CLIENTS |
17.947.553,08 |
16.713.870,59 |
15.485.303,22 |
|
DOUBTFUL DEBTORS |
-212.575,76 |
-584.985,47 |
-1.454.932,16 |
|
INVENTORY |
29.504.394,52 |
23.176.021,60 |
20.155.238,13 |
|
RECOVERABLE TAXES |
3.562.054,86 |
1.368.574,11 |
1.163.420,33 |
|
IMPORTS IN PROGRESS |
1.115.307,12 |
1.077.759,66 |
93.102,55 |
|
ADVANCES |
2.524.442,35 |
1.007.982,35 |
|
|
OTHER |
66.408,67 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
63.467.227,57 |
50.787.200,67 |
38.599.376,12 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
65.017.447,21 |
38.267.583,83 |
30.074.770,15 |
|
DEPRECIATIONS |
-12.658.656,44 |
-6.747.030,88 |
|
|
INVESTMENTS |
1.286.331,12 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
53.645.121,89 |
31.520.552,95 |
30.074.770,15 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
117.112.349,46 |
82.307.753,62 |
68.674.146,27 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
SUPPLIERS |
10.653.647,01 |
8.379.519,90 |
11.116.723,72 |
|
LOANS AND FINANCING |
9.393.038,50 |
12.657.390,84 |
7.300.892,75 |
|
LABOR OBLIGATIONS |
1.511.602,50 |
1.211.309,00 |
798.204,11 |
|
TRIBUTARY OBLIGATIONS |
255.696,88 |
774.523,00 |
1.372.969,89 |
|
ADVANCE FROM CLIENTS |
|
352.295,81 |
366.056,07 |
|
OTHER |
|
616.263,68 |
820.705,17 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
21.813.984,89 |
23.991.302,23 |
21.775.551,71 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
35.414.641,93 |
18.161.672,21 |
10.017.616,39 |
|
PROVISIONS |
995.372,02 |
|
|
|
SUPPLIERS |
|
|
2.328.600,08 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
36.410.013,95 |
18.161.672,21 |
12.346.216,47 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
1.530.000,00 |
1.530.000,00 |
1.530.000,00 |
|
OTHER COMPREHENSIVE INCOME |
38.491.765,76 |
27.740.024,15 |
27.740.024,15 |
|
PROFIT RESERVES |
18.866.584,86 |
10.884.751,04 |
5.282.353,94 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
58.888.350,62 |
40.154.775,19 |
34.552.378,09 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
117.112.349,46 |
82.307.749,63 |
68.674.146,27 |
|
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 |
102.536.827,00 |
89.974.890,00 |
83.402.587,00 |
|
(-) TAXES ON SALES |
21.067.185,00 |
19.886.256,00 |
19.679.884,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
81.469.642,00 |
70.088.634,00 |
63.722.703,00 |
|
(-) COST OF SOLD GOODS |
56.371.595,00 |
50.035.622,00 |
43.655.400,00 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
25.098.047,00 |
20.053.012,00 |
20.067.303,00 |
|
OPERATING REVENUE (EXPENSE) |
-10.349.094,00 |
-8.509.606,00 |
-8.364.886,00 |
|
FINANCIAL REVENUE(EXPENSE) |
-3.208.975,00 |
-3.076.138,00 |
-627.924,00 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
11.539.978,00 |
8.467.268,00 |
11.074.493,00 |
|
CONTRIBUTION/INCOME TAX |
-3.558.144,00 |
-2.864.871,00 |
-3.741.328,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
7.981.834,00 |
5.602.397,00 |
7.333.165,00 |
|
MONTHLY SALES |
|||
|
|
2015 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 9.596.373,49 |
|
|
|
FEBRUARY |
|
|
|
|
MARCH |
|
|
|
|
APRIL |
|
|
|
|
MAY |
|
|
|
|
JUNE |
|
|
|
|
JULY |
|
|
|
|
AUGUST |
|
|
|
|
SEPTEMBER |
|
|
|
|
OCTOBER |
|
|
|
|
NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$ 9.596.373,49 |
|
|
|
RATIOS: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
QUICK RATIO |
1,56 |
|
1,15 |
|
,85 |
|
|
CURRENT RATIO |
2,91 |
|
2,12 |
|
1,77 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
4,54 |
TIMES |
4,19 |
TIMES |
4,12 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
79,31 |
DAYS |
85,85 |
DAYS |
87,48 |
DAYS |
|
INVENTORY TURNOVER |
1,91 |
TIMES |
2,16 |
TIMES |
2,17 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
68,04 |
DAYS |
60,29 |
DAYS |
91,67 |
DAYS |
|
RETURN ON ASSETS |
,70 |
TIMES |
,85 |
TIMES |
,93 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
1,38 |
TIMES |
1,75 |
TIMES |
1,84 |
TIMES |
|
NET WORTH TIE-UP |
1,10 |
|
,95 |
|
,87 |
|
|
INDEBTEDNESS |
,99 |
|
1,05 |
|
,99 |
|
|
EQUITY RATIO |
50,28 |
% |
48,79 |
% |
50,31 |
% |
|
WORKING CAPITAL RATIO |
190,95 |
% |
111,69 |
% |
77,26 |
% |
|
GENERAL SOLVENCY |
2,01 |
|
1,95 |
|
2,01 |
|
|
RETURN ON NET EQUITY |
13,55 |
% |
13,95 |
% |
21,22 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
9,80 |
% |
7,99 |
% |
11,51 |
% |
|
GROSS PROFIT MARGIN |
30,81 |
% |
28,61 |
% |
31,49 |
% |
|
OPERATIONAL RESULT |
14,16 |
% |
12,08 |
% |
17,38 |
% |
|
SALES TURNOVER ON LIABILITIES |
3,73 |
TIMES |
2,92 |
TIMES |
2,93 |
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 SATISFACTORY FINANCIAL STANDING. THE LEVEL
OF INDEBTEDNESS IS SOMEHOW HIGH BUT IT HAS GOOD LIQUIDITY RATIOS AND POSITIVE
WORKING CAPITAL. IN ADDITION, IT SHOWS HIGH GROWING SALES AND PROFITABILITY. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 13.200.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 378.813,22
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 3.542.868,07
|
NOT AVAILABLE. |
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO ITAÚ S/A |
2000 / 11 4523-5500 |
SÃO PAULO/SP |
|
BANCO BRADESCO S/A |
3380 / 11 2178-4166 |
SÃO PAULO/SP |
|
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 NOT RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682
BRAZILIAN CENTRAL BANK"). DATE RESEARCHED NOVEMBER 10, 2015. |
|
MANUFACTURE, TRADE, IMPORT AND EXPORT OF CHEMICAL PRODUCTS. MAIN PRODUCTS TRADED: BASIC DYES, DIRECT DYES, SOLVENT DYES, COMPLEX
DYES, METALLIZED ACID DYES, IRON OXIDE, TITANIUM DIOXIDE, OPTICAL
BRIGHTENERS, BIOCIDES, GLUES, ORGANIC COAGULANTS, PAINTS FLEXOGRAPHY, WATER
BASED PIGMENTS AND SOLVENT AND OTHERS MAIN RAW MATERIALS: ACETIC ACID, HYDROCHLORIC ACID, ETHYL GLYCOL,
SODIUM BICARBONATE, NONYLPHENOL 95, ETHYL ALCOHOL AND ADDITIVES. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
CHINA, INDIA, COLOMBIA AND SWITZERLAND. |
EXPORTS TO:
|
COLOMBIA, VENEZUELA, ARGENTINA AND CHINA. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
NOT AVAILABLE. |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 157 EMPLOYEE(S) |
|
THE SUBJECT IS A NEWLY-ESTABLISHED COMPANY, OPERATING SINCE 2007. SO
FAR IT HAS A CLEAR TRADE HISTORY AND NORMAL 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 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: |
|
PHONE: |
|
ASHLAND ESPECIALIDADES QUÍMICAS LTDA |
|
19 3475-3058 |
|
BRENNTAG QUÍMICA BRASIL LTDA |
|
11 2480-4151 |
|
HERCULES DO BRASIL PROD QUIMICOS LTDA |
|
19 3475-3032 |
|
NHEEL QUÍMICA LTDA |
|
11 5575-1155 |
|
RHODIA POLIAMIDA E ESPECIALIDADES LTDA |
|
11 3741-5824 |
|
SOLVAY DO BRASIL LTDA |
|
11 3708-5298 |
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
|
|
BODAL CHEMICALS LTD |
INDIA |
|
|
BRILLIANT JADE INDUSTRIAL LIMITED |
CHINA |
|
|
KELCO CHEMICAL CO. LTD |
CHINA |
|
|
MAJOR CHEMICALS (HK) CO. LTD. |
CHINA |
|
|
QUÍMICA ORIENTAL S/A |
URUGUAI |
|
|
PAYMENT HISTORY: |
|
07 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 1.195.933,00 |
|
|
|
AMOUNT OF INVOICES PAID: 48 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 501.863,00 |
|
HIGHEST CREDIT: R$ 501.863,00 |
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS.
UP TO DATE IT HAS A SATISFACTORY FINANCIAL STANDING, A CLEAR TRADE HISTORY
AND NORMAL 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. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.11 |
|
|
1 |
Rs.101.03 |
|
Euro |
1 |
Rs.70.78 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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.