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Report No. : |
345627 |
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Report Date : |
24.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
COLORNET COMÉRCIO EXTERIOR LTDA |
|
|
|
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Registered Office : |
Rua São Matheus, 483 - Chacara Santo Antônio, 04776-000 - São Paulo/Sp |
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Country : |
Brazil |
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Date of Incorporation : |
22.07.1996 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale of Chemical Products. |
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No. of Employees : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
|
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 |
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Very High |
C1 |
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Restricted |
C2 |
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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. 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. 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. 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 |
COLORNET COMÉRCIO EXTERIOR LTDA
ADDRESSES:
|
|
MAIN ADDRESS: |
RUA SÃO MATHEUS, 483 - CHACARA SANTO ANTÔNIO |
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ZIP CODE/CITY: |
04776-000 - SÃO PAULO/SP |
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|
|
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PHONE: |
11 5183-8323 |
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FAX: |
11 5183-2548 |
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E-MAIL: |
marta@colornet.com.br |
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WEB SITE: |
www.colornet.com.br |
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BRANCHES: |
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ADDRESS: |
RUA FELIX BUSSO ASSEBURG,52 SALA 02-B - CENTRO |
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ZIP CODE/CITY: |
88301-090 ITAJAÍ/SC |
LEGAL
DATA:
|
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MAIN ACTIVITIES: |
|
WHOLESALE OF CHEMICAL PRODUCTS. |
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LEGAL FORM: |
LIMITED LIABILITY COMPANY |
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INCORPORATION DATE: |
22/07/1996 |
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REGISTER DATE: |
02/08/1996 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
01.382.160/0001-05 |
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STATE REGISTER: |
114.926.807.111 |
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SHARE CAPITAL: |
R$ 300.000,00 |
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LAST REGISTER OF CAPITAL: |
10/05/2004 |
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BOARD OF DIRECTORS: |
|
|
|
|
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YARA CARMEN RUBAYO MUSCALU RAICHER |
MANAGING PARTNER |
|
MARCOS RAICHER |
MANAGING PARTNER |
AUTHORIZED
USE OF SIGNATURE:
|
|
THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS / PARTNERS: |
|
|
|
|
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YARA CARMEN RUBAYO MUSCALU RAICHER |
R$ 150.000,00 |
|
MARCOS RAICHER |
R$ 150.000,00 |
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AFFILIATES / SUBSIDIARIES: |
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS/HAVE
THE FOLLOWING UNCONFIRMED HOLDINGS: |
|
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TUTTO SOMMATO COMERCIO E DECORAÇÕES LTDA |
|
|
MYRKA PARTICIPACOES LTDA |
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COMPANY'S
BACKGROUND:
|
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THE SUBJECT WAS ESTABLISHED ON JULY 22, 1996 TO BE ENGAGED IN THE SAID
LINE OF BUSINESS. TRADE NAME: COLORNET BUSINESS ADDRESS HAS CHANGED FROM (AV. RIO BONITO, 287, CAPELA DO
SOCORRO, SÃO PAULO - SP, CEP 04776-000) TO THE PRESENT REGISTERED ONE. SUBJECT IS ISO 9001/2000 CERTIFIED BY DNV ON 19/02/2004. PARTNERS: YARA CARMEN RUBAYO MUSCALU RAICHER: BRAZILIAN, MARRIED, HOLDER OF
DOCUMENTS, RG 6.763.685 SSP-SP, CPF 945.423.928-72, RESIDENTIAL ADDRESS AT,
RUA JOAQUIM JOSE ESTEVES 60, APTO 112, SÃO PAULO/SP MARCOS RAICHER: BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS, RG
5.532.122-7 SSP-SP, CPF 944.469.468-20, RESIDENTIAL ADDRESS AT, RUA JOAQUIM
JOSE ESTEVES 60, APTO 112, SÃO PAULO/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS. MARTA, ACCOUTING 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. |
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PUBLIC INFORMATION: |
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NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL
INFORMATION:
|
|
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. OUR INVESTIGATION THROUGH THE OUTSIDE SOURCES SHOWED NO FINANCIAL DATA
ABOUT THE SUBJECT. |
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EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 3,93 |
- OFFICIAL RATE ON 21/10/2015 |
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COMMENTS ON THE FINANCIAL INFORMATION: |
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IN THE ABSENCE OF FINANCIAL INFORMATION NO COMMENTS CAN BE MADE ABOUT THE
SUBJECT'S CURRENT FINANCIAL STANDING. |
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REAL ESTATE: |
NOT AVAILABLE
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DETAIL OF OWNED REAL ESTATE: |
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TYPE: |
OTHERS |
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VALUE: |
R$ ,00 |
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REMARKS: |
THE COMPANY IS NOT A REAL ESTATE OWNER. IT OPERATES IN RENTED
PREMISES. |
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VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
449.694,52
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 82.020,75
INSURANCE:
|
|
NOT AVAILABLE |
BANKING
REFERENCES:
|
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BRANCH/PHONE: |
CITY: |
|
BANCO ITAÚ S/A |
11 3742-7056 |
SÃO PAULO/SP |
|
BANCO DO BRASIL S/A |
11 5644-5900 |
SÃO PAULO/SP |
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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"). |
ACTIVITIES
COMMENTS:
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|
SUBJECT IS ENGAGED IN THE WHOLESALE OF CHEMICAL PRODUCTS. |
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IMPORT AND EXPORT: |
IMPORTS FROM:
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USA, ENGLAND, GERMANY, CANADA AND FRANCE. |
EXPORTS TO:
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THE COMPANY DOES NOT EXPORT. |
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MAIN CLIENTS: |
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DOMESTIC CLIENTS: |
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PHONE: |
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AKZO NOBEL |
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11 4346-1747 |
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DU PONT |
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11 6465-8280 |
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HELIOS CARBEX |
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11 4198-2044 |
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SHERWIN WILLIAMS |
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11 4788-5094 |
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STAFF: |
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THE COMPANY HAS: 10 EMPLOYEE(S) |
CONCEPT
AND FULFILMENT:
|
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1996. SO FAR
IT HAS A CLEAR TRADE HISTORY AND MODEST PAYMENT RECORD. IT IS A FAMILY-RUN
COMPANY AND BOTH THE COMPANY AND THE PRINCIPALS ENJOY A FAVORABLE REPUTATION
AMONG LOCAL TRADE SOURCES. LITTLE OR NOTHING IS LOCALLY KNOWN OF SUBJECT AS A USER OF CREDIT
FACILITIES, SINCE SUBJECT MAIN SUPPLIERS ARE SAID TO BE THE FOREIGN COMPANIES
AND DUE TO THE NATURE OF ITS BUSINESS. |
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MAIN SUPPLIERS: |
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|
|
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DOMESTIC SUPPLIERS: |
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|
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BRAZMO IND E COMERCIO LTDA |
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CASSEMA IND E COMERCIO DE PRODS. TEXTEIS LTDA |
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COMERCIAL DE VEÍCULOS DIVENA LTDA |
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CONSTRUMEGA MEGA CENTER DA CONSTUÇÃO LTDA |
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CREATIVE INDUSTRIA E COMERCIO LTDA |
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DAM COLOR COMERCIAL LTDA |
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DELL COMPUTADORES DO BRASIL LTDA |
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GLOBEX UTILIDADES S/A |
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KALUNGA COMERCIO E IND GRÁFICA LTDA |
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SILBERLINE BRASIL LTDA |
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FOREIGN SUPPLIERS: |
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PHONE: |
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AVECI LTD |
|
1 281 497-4801 |
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DYNASTY |
|
|
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FRANCOLOR PIGMENTS FRANCE |
|
33 344 74 4614 |
|
GOKUL |
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1 732 388-6177 |
|
HEUBACH |
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49 5326 52 167 |
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HOLLIDAY |
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44 14823887-63 |
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STAHL |
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33 4 7431 4901 |
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PAYMENT HISTORY: |
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01 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 647,00 |
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|
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AMOUNT OF INVOICES PAID: 3 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 230,00 |
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HIGHEST CREDIT: R$ 230,00 |
FINAL
OPINION:
|
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BASED ON THE OVERALL DATA AVAILABLE THE SUBJECT MAY BE CONSIDERED FOR NORMAL
BUSINESS COMMITMENTS. CREDIT FACILITIES HOWEVER SHOULD BE GRANTED ON FULLY
SECURED TERMS ONLY DUE TO THE ABSENCE OF FINANCIAL DATA. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.88 |
|
|
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
Report Prepared
by : |
TPT |
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.