|
Report No. : |
350849 |
|
Report Date : |
30.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
WMS SUPERMERCADOS DO BRASIL LTDA |
|
|
|
|
Registered Office : |
Avenida Sertório, 6600 Sobreloja – Sarandi, 91110-580 - Porto Alegre/RS |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Date of Incorporation : |
15.12.1989 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Retail Sale of Goods in General |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 |
WMS SUPERMERCADOS
DO BRASIL LTDA
|
MAIN ADDRESS: |
AVENIDA SERTÓRIO,6600 SOBRELOJA - SARANDI |
|
ZIP CODE/CITY: |
91110-580 - PORTO ALEGRE/RS |
|
|
|
|
PHONE: |
51 3083-4307 |
|
E-MAIL: |
carlos@walmart.com.br |
|
WEB SITE: |
www.walmart.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RODOVIA BR 116 - KM,12 - INDUSTRIAL |
|
ZIP CODE/CITY: |
93270-000 ESTEIO/RS |
|
PHONE: |
51 3473-5000 |
|
|
|
|
ADDRESS: |
AVENIDA ITABERABA,1863 - FREGUESIA DO Ó |
|
ZIP CODE/CITY: |
02734-000 SÃO PAULO/SP |
|
PHONE: |
11 3877-6800 |
|
|
|
|
ADDRESS: |
AVENIDA CENTENÁRIO - S/Nº. - LOJA,34 - PRÓSPERA |
|
ZIP CODE/CITY: |
88813-095 CRICIÚMA/SC |
|
PHONE: |
48 3431-8100 |
|
|
|
|
ADDRESS: |
RUA SÃO BENTO,2469 - VILA HAUTER |
|
ZIP CODE/CITY: |
81630-230 CURITIBA/PR |
|
PHONE: |
41 3376-4122 |
|
CNPJ: |
93.209.765/0142-58 |
|
|
|
|
ADDRESS: |
RODOVIA BR 116 - Nº.,665 - SALA G - VILA DOS TRÊS PONTOS |
|
ZIP CODE/CITY: |
93250-000 ESTEIO/RS |
|
CNPJ: |
93.209.765/0275-89 |
|
|
|
|
ADDRESS: |
RUA SERGIO DIETRICH,913 - SARANDI |
|
ZIP CODE/CITY: |
91060-410 PORTO ALEGRE/RS |
|
CNPJ: |
93.209.765/0006-21 |
|
|
|
|
ADDRESS: |
AV. VENANCIO AIRES,1211 - FARROUPILHAS |
|
ZIP CODE/CITY: |
90040-192 PORTO ALEGRE/RS |
|
PHONE: |
51 3901-5344 |
|
CNPJ: |
932097650 |
|
THE COMPANY HAS OVER 250 BRANCHES LOCATED IN: PORTO ALEGRE/RS,
OSASCO/SP, BARUERI/SP, ESTEIO/RS, SÃO JOSÉ DOS PINHAIS/PR, CURITIBA/PR,
CANOAS/RS, MONTENEGRO/RS, CACHOEIRINHA/RS, CRICIUMA/SC, FLORIANOPOLIS/SC,
SANTA MARIA/SC, SANTOS/SP, GUARULHOS/SP, CANOAS/RS, GRAVATAÍ/RS, PELOTAS/RS,
CAMAQUI/RS, CAPÃO DA CANOA/RS, NOVO HAMBURGO/RS, RIO GRANDE/RS, SÃO
LEOPOLDO/RS, TORRES/RS, TRAMANDAI/RS, MARINGÁ/PR, PONTA GROSSA/PR, CAXIAS DO
SUL/RS, SAPUCAIA DO SUL/RS, VIAMÃO/RS, ALVORADA/RS, ESTÂNCIA VELHA/RS,
GUAÍBA/RS, LAJEADO/RS, SÃO PAULO/SP, LIVRAMENTO/RS AND SÃO BORJA/RS. |
|
MAIN ACTIVITIES: |
|
RETAIL SALE OF GOODS IN GENERAL. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
15/12/1989 |
|
REGISTER DATE: |
15/12/1989 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
93.209.765/0001-17 |
|
STATE REGISTER: |
096/2105503 |
|
|
|
|
SHARE CAPITAL: |
R$
3.372.934.797,99 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
DANIEL GROSS GARCIA |
MANAGER |
|
GUILHERME MACEDO DE SOUZA LOUREIRO |
MANAGER |
|
MARCOS IGNACIO AMBROSANO |
MANAGER |
|
FLAVIO FIGUEIRA COTINI |
MANAGER |
|
ALEXANDRE MARQUES ESPER |
MANAGER |
|
CLEBER EUGENIO VOELZKE |
MANAGER |
|
LIVIA CRISTIANE DE AZEVEDO MOTTA E SILVA |
MANAGER |
|
THE MANAGERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
WMT BRASIL S.A.R.L. |
R$
3.372.934.787,99 |
|
BRASIL SEGUNDO LLC |
R$ 10,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
FCNI PARTICIPACOES LTDA |
|
|
BOMPREÇO BAHIA SUPERMERCADOS LTDA |
|
|
WMB DISTRIBUIDORA LTDA |
|
|
BOMPREÇO SUPERMERCADOS DO NORDESTE LTDA |
|
|
DG2 CONSTRUCOES E INCORPORACOES LTDA |
|
|
WAL MART BRASIL LTDA |
|
|
FCP PARTICIPACOES LTDA |
|
|
FRUX PARTICIPACOES LTDA |
|
|
THE SUBJECT WAS ESTABLISHED ON DECEMBER 15, 1989 AS SONAE DISTRIBUIÇÃO
BRASIL S/A TO BE ENGAGED IN THE SAID
LINE OF BUSINESS. ON JANUARY 02, 2006 THE COMPANY ADOPTED THE ABOVE MENTIONED
NAME AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED
HEREIN. THE COMPANY OPERATES WITH THE TRADE NAME OF "WALMART BRASIL" LATE THE 80'S, THE LARGEST PORTUGUESE FINANCIAL GROUP AND ONE OF THE EUROPEAN'S LARGEST OF THE DISTRIBUTION SECTOR, ARRIVED IN BRAZIL
THROUGH A JOINT VENTURE WITH THE COMPANY JOSAPAR ARISING CIA REAL DE
DISTRIBUIÇÃO, ESTABLISHED IN THE STATE OF RIO GRANDE DO SUL. YEARS AFTER, THE
PORTUGUESE GROUP ACQUIRED THE TOTALITY OF THE BRAZILIAN COMPANY. IN 1998, ASSOCIATED WITH THE COMPANY CÂNDIA MERCANTIL NORTE SUL, IN
SÃO PAULO, IN AN AGREEMENT, WHICH ORIGINATED OTHER COMPANY NAMED SONAE
DISTRIBUIÇÃO BRASIL S.A. AN OPERATION LATE 1998 MADE THE GROUP THE NEW
PROPRIETORSHIP OF A CHAIN IN PARANA NAMED MERCADORAMA, FIRST IN THE RANKING
IN THIS STATE. LATE JANUARY 1999, SONAE GROUP ALSO ACQUIRED THE EXTRA CHAIN
IN RIO GRANDE DO SUL, AND LATER TOOK PLACE THE ACQUISITION OF THE CHAINS
NACIONAL IN RIO GRANDE DO SUL, AND COLETÃO AND MUFFATÃO IN PARANÁ. THE GROUP CONTROLS APPROXIMATELY 72 STORES NATIONWIDE, WITH THE BRANDS
MAXXI FOR WHOLESALE AND CANDIA (SP), NACIONAL (RS), AND MERCADORAMA (PR) FOR
SUPERMARKETS. ACCORDING TO THE LOCAL MEDIA THE SUBJECT HAS DIVESTED 10 OF ITS
SUPERMARKETS WITH THE BRAND BIG IN SÃO PAULO, WHICH WERE ACQUIRED BY
CARREFOUR. AS A RESULT OF SUCH DIVESTMENT THE COMPANY OBTAINED ABOUT R$
317.000.000 WHICH WILL BE USED TO SETTLE AT LEAST HALF OF THE COMPANY'S DEBTS
IN BRAZIL WHICH ARE APPROXIMATELY R$ 600.000.000,00. IN JANUARY 2006 THE SUBJECT TOOK OVER HUNTAIL PARTICIPAÇÕES LTDA, CNPJ
07.652.471-23. IMPORTANT NOTE: *************** ACCORDING TO THE WEBSITE OF BOM PREÇO, WHICH IS A SUBSIDIARY OF
WAL-MART IN THE NORTHEASTERN REGION OF BRAZIL, THE PRESIDENT OF WAL-MART
BRASIL, VICENT TRIUS ANNOUNCED TODAY THE ACQUISITION OF THE SUBJEC'S ASSETS
BY THE AMOUNT OF EUR 635 MILLION. FURTHER INFORMATION IS NOT AVAILABLE YET. ACCORDING TO EXTRAORDINARY GENERAL MEETING HELD ON JANUARY 02, 2006
THE SUBJECT ALTERED ITS CORPORATE NAME FROM SONAE DISTRIBUIÇÃO S/A TO WMS
SUPERMERCADOS BRASIL LTDA. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS. DANIELA, FINANCIAL
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: |
|
1657 PROTESTS,TOTAL AMOUNT R$
13.455.157,13 |
|
DATE OF FIRST PROTEST:
11/2010 R$ 3.434,19 |
|
DATE OF HIGHEST PROTEST: 08/2014 R$ 331.822,68 |
|
DETAILS OF LATEST PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
CARTORIO DE RS-ALVORADA |
05/11/2015 |
R$ 3.863,25 |
|
CARTORIO DE RS-ESTEIO |
11/11/2015 |
R$ 14.619,14 |
|
CARTORIO DE RS-ALVORADA |
05/11/2015 |
R$ 3.615,75 |
|
CARTORIO DE RS-ESTEIO |
11/11/2015 |
R$ 1.927,15 |
|
CARTORIO DE RS-ESTEIO |
11/11/2015 |
R$ 2.425,15 |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
12 |
FEDERAL LAWSUITS |
21/03/14 |
VARA DE SP-RIO CLARO |
|
31 |
STATE LAWSUITS |
19/03/15 |
2ª VARA DE RS-ESTEIO |
|
17 |
MUNICIPAL LAWSUITS |
22/05/15 |
VARA DE SP-ARACATUBA |
|
3 |
MONITORY SUITS |
22/08/14 |
2ª VARA DE SP-EMBU |
|
11 |
EXECUTIVE LAWSUITS |
21/07/15 |
10ª VARA DE RS-PORTO ALEGRE |
|
DUE TO THE SUBJECT'S LEGAL FORM, IT IS NOT OBLIGED TO PUBLISH THE
BALANCE SHEET INFORMATION. WHEN INTERVIEWING SOURCES AT THE SUBJECT COMPANY
DECLINED TO PROVIDE ANY KIND OF FINANCIAL INFORMATION. OUTSIDE SOURCES CONTACTED SHOWED NO FINANCIAL DATA ABOUT THIS COMPANY.
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 3,72 |
- OFFICIAL RATE ON 24/11/2015 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
IN THE ABSENCE OF FINANCIAL INFORMATION NO COMMENTS CAN BE MADE ABOUT
THE SUBJECT'S CURRENT FINANCIAL STANDING. HOWEVER, IT IS WORTH COMMENTING
THAT SUBJECT IS ONE OF THE LARGEST COMPANIES IN ITS LINE OF BUSINESS IN
BRAZIL, THUS IT IS HOLDER OF HIGH FINANCIAL STRENGTH. FURTHER, NOW THAT
SUBJECT IS A SUBSIDIARY OF THE WAL-MART GROUP, WHICH IS THE WORLD'S LARGEST
RETAIL CHAIN AND HOLDER OF HUGE FINANCIAL POWER, THUS MAY GIVE THE SUBJECT
THE NECESSARY FINANCIAL SUPPORT WHENEVER REQUIRED. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
227.240.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
4.581.000,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 152.555.000,00
|
THE SUBJECT IS SAID TO HOLD INSURANCE POLICIES BUT DETAILS WERE NOT
DISCLOSED. |
|
|
BRANCH/PHONE: |
|
|
BANCO ITAÚ S/A |
51 3346-7800 |
|
|
BANCO ITAÚ S/A |
51 3221-4477 |
|
|
BANCO SANTANDER (REAL) S/A |
51 3221-2848 |
|
|
HSBC BANK BRASIL S/A |
51 3346-1322 |
|
|
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"). |
|
SUBJECT IS ENGAGED AS A HYPERMARKET AND SUPERMARKET CHAIN. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
GERMANY, ARGENTINA, AUSTRIA, BELGIUM, BOLIVIA, CHILE, CHINA, COLOMBIA,
DENMARK, SPAIN, USA, FRANCE, GREECE, HONG KONG, INDIA, ITALY, NETHERLANDS,
PORTUGAL, UNITED KINGDOM, URUGUAY AND VENEZUELA. |
EXPORTS TO:
|
DOES NOT EXPORT. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
CONSUMIDOR FINAL |
|
|
|
STAFF: |
|
|
|
NOT AVAILABLE |
|
THE SUBJECT IS A WELL-ESTABLISHED SUBSIDIARY OF THE WALMART GROUP, OPERATING
SINCE 1989. SO FAR IT SHOWS PROTESTED BILLS BUT ITS PAYMENT BEHAVIOR SHOW
PAYMENTS INVOLVING HIGHER AMOUNTS, THUS SUCH PROTESTS DO NOT AFFECT THE
SUBJECT'S REPUTATION. IT ALSO HAS 39 PAST DUE BILLS WITH FINANCIAL INSTITUTIONS IN A TOTAL
AMOUNT OF R$ 1.901.100,65 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. 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.
USUALLY THIS KIND OF SUITS DO NOT AFFECT THE COMPANY REPUTATION BUT IN THE
SUBJECT SPECIFIC CASE IT IS NOT POSSIBLE TO EVALUATE AS THERE ARE SEVERAL
SUITS REGISTERED AND NO DETAILS REGARDING THE AMOUNTS INVOLVED ARE AVAILABLE
FOR PUBLIC INSPECTION. IN GENERAL, THE SUBJECT BELONGS TO WALMART GROUP, WHICH HAS GOOD
REPUTATION BEING KNOWN AS ONE OF THE BIGGEST SUPERMARKET CHAINS OPERATING IN
THE COUNTRY HOWEVER, ITS BEHAVIOR WITH SOME SUPPLIERS IS VERY NEGATIVE. THE
SUBJECT TAKES ADVANTAGE FROM ITS HIGH FINANCIAL POWER AND PURCHASING POWER AS
THERE ARE MANY POTENTIAL SUPPLIERS AND SOMETIMES SHOWS A VERY POOR PAYMENT
BEHAVIOR. IN SHORT THE SUBJECT HAS A GOOD PAYMENT BEHAVIOR WITH THE SUPPLIERS
WHICH ARE DEEMED INTERESTING TO ITS OPERATIONS AND AN UNFAIR BEHAVIOR WITH
THOSE WHICH ARE NOT CONSIDERED CORE SUPPLIERS FOR ITS OPERATIONS. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
CITY: |
PHONE: |
|
INDÚSTRIAS GESSY LEVER LTDA |
SÃO PAULO/SP |
11 3741-4333 |
|
JOHNSON & JOHNSON IND. COMÉRCIO LTDA |
SÃO PAULO/SP |
11 3817-8175 |
|
KRAFT FOODS BRASIL S/A |
|
|
|
NESTLÉ INDUSTRIAL COMERCIAL LTDA |
SÃO BERNARDO DO CAMPO/SP |
11 3752-2504 |
|
NORTEC GUINDASTES NORTE CATARINENSE LTDA |
|
47 3473-6009 |
|
PARMALAT BRASIL S/A INDÚSTRIA ALIMENTOS |
SÃO PAULO/SP |
11 3246-6977 |
|
PROD. ALIM. FLEISCHMANN & ROYAL |
RIO DE JANEIRO/RJ |
21 3574-1100 |
|
SINOSCAR S/A |
|
51 3584-1459 |
|
UNILEVER BRASIL LTDA |
|
|
|
PAYMENT HISTORY: |
|
134 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 245.169.679,00 |
|
|
|
AMOUNT OF INVOICES PAID: 23555 |
|
TOTAL OF PROMPT PAYMENTS: 26,3% |
|
TOTAL OF DELAYED PAYMENTS: 73,7% |
|
|
|
HIGHEST INVOICE: R$ 7.805.470,00 |
|
HIGHEST CREDIT: R$ 7.805.470,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 91 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
35 |
3202 |
R$ 22.877.829,63 |
|
DUE WITHIN 60 DAYS |
25 |
1051 |
R$ 11.746.924,42 |
|
DUE WITHIN 90 DAYS |
12 |
129 |
R$ 2.647.022,14 |
|
DUE WITHIN 91 DAYS |
6 |
106 |
R$ 4.123.156,72 |
|
THE SUBJECT IS A WELL-ESTABLISHED AND REPUTED SUBSIDIARY OF THE WALMART
GROUP IN BUSINESS FOR SEVERAL YEARS. IT FIGURES AMONG THE BRAZIL'S LARGEST
SUPERMARKET CHAINS. IT IS POSSIBLE TO KEEP GOOD TRADE RELATION WITH IT;
HOWEVER, CAUTION IS ADVISABLE, AS IT TENDS TO DELAY ITS PAYMENTS. THE CREDIT LIMIT SHOULD BE ASSESSED ACCORDING TO INQUIRING PART'S
CAPACITY TO FACE POSSIBLE DELAYS IN PAYMENTS. THE FULFILLMENT OF THE
CONTRACT'S CONDITIONS BY THE SUPPLIERS AND A CONSTANT FOLLOW-UP OF THE
RECEIVABLES ARE RECOMMENDED IN ORDER TO AVOID ARREARS. THE SUBJECT IS A
COMPANY, WHICH TENDS TO DELAY ITS PAYMENTS, HOWEVER, SHOWS A MODEST RISK OF
DEFAULT OR NON-PAYMENT. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.75 |
|
|
1 |
Rs.100.68 |
|
Euro |
1 |
Rs.70.88 |
|
BRL |
1 |
Rs.17.33 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
NIT |
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.