MIRA INFORM REPORT

 

 

Report No. :

346972

Report Date :

28.10.2015

 

IDENTIFICATION DETAILS

 

Name :

TRUST - IMPORTACAO E EXPORTACAO EIRELI

 

 

Registered Office :

Rua Cesar Augusto Delcoquio, 4255 Galpão B - Bairro Salseiros

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

31.03.2005

 

 

Legal Form :

Limited Liability Proprietorship

 

 

Line of Business :

Trade Representation, Rendering Of Services, Import, Export And Trade Of General Goods.

 

 

No. of Employees :

77

 

 

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. 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

 

Company name

 

TRUST - IMPORTACAO E EXPORTACAO EIRELI

 

 

ADDRESSES

 

MAIN ADDRESS:

RUA CESAR AUGUSTO DELCOQUIO, 4255 GALPÃO B - BAIRRO SALSEIROS

ZIP CODE/CITY:

88311-500 - ITAJAÍ/SC

 

 

PHONE:

47 3405-8312

FAX:

47 3405-8316

E-MAIL:

grazi@trustlog.com.br

WEB SITE:

www.trustlog.com.br

 

BRANCHES:

 

 

 

ADDRESS:

AVENIDA GOVERNADOR MANOEL RIBAS,2369 SALA 01 - BAIRRO DOM PEDRO II

ZIP CODE/CITY:

83221-560 PARANAGUÁ/PR

CNPJ:

07.426.908/0002-91

 

 

ADDRESS:

AVENIDA BRASÍLIA,2115 SALA 21 - CENTRO

ZIP CODE/CITY:

36804-490 PORTO VELHO/RO

CNPJ:

07.426.908/0004-53

 

 

ADDRESS:

RUA CORONEL PEDRO BENEDET,46 SALA 311 - CENTRO

ZIP CODE/CITY:

8801-250 CRICIÚMA/SC

CNPJ:

07.426.908/0005-34

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

TRADE REPRESENTATION, RENDERING OF SERVICES, IMPORT, EXPORT AND TRADE OF GENERAL GOODS.

 

LEGAL FORM:

LIMITED LIABILITY PROPRIETORSHIP

 

 

INCORPORATION DATE:

31/03/2005

REGISTER DATE:

31/03/2005

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

07.426.908/0001-00

STATE REGISTER:

255.036.345

 

 

SHARE CAPITAL:

R$ 800.000,00

LAST REGISTER OF CAPITAL:

20/06/2006

BOARD OF DIRECTORS:

 

 

 

JULIANO D´ALMEIDA VICTORINO

MANAGER

 

 

AUTHORIZED USE OF SIGNATURE

 

THE MANAGER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

JULIANO D´ALMEIDA VICTORINO

100%

 

AFFILIATES / SUBSIDIARIES:

 

A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR PARTNERS HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS:

DOOHS PUBLICIDADE LTDA EPP

 

MARINA PARK LTDA EPP

 

DESTINY HOLDING S/A

 

TRUSTLOG IMPORTAÇÃO E EXPORTAÇÃO LTDA

 

TAGLOG SERVIÇOS LOGÍSTICOS LTDA

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON MARCH 31, 2005 AS TRUST - IMPORTAÇÃO E EXPORTAÇÃO LTDA TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON JULY 29, 2015 IT ADOPTED THE ABOVE MENTIONED NAME AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN.

 

TRADE NAME: "TRUST TRADING & LOGISTIC".

 

OWNERSHIP:

 

JULIANO D'ALMEIDA VICTORINO: BRAZILIAN, SINGLE, TRADER, HOLDER OF DOCUMENTS CPF 006.299.009-81 AND RG 3.503.464 SSP/SC, RESIDENTIAL ADDRESS RUA VALDEMAR PEREIRA, 143, PRAINHA DE SÃO MIGUEL, ZIP CODE 88385-000, PENHA/SC;

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

PUBLIC INFORMATION:

 

NO DETRIMENTAL FILES WERE FOUND.

 

 

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

2.552.702,00

3.196,62

2.878,34

BANKS

 

333.556,80

374.936,69

INVESTMENTS

 

2.417.961,25

1.227.787,06

CLIENTS

11.436.047,00

10.515.344,70

5.370.770,82

INVENTORY

17.131.252,00

10.767.477,54

3.459.985,91

ADVANCES

7.195.333,00

3.973.324,55

2.497.477,44

RECOVERABLE TAXES

158.198,00

276.524,19

114.273,90

PRE PAID EXPENSES

 

80.064,91

32.680,68

OTHER CREDITS

2.403.133,00

877.566,43

599.694,20

 

----------------

----------------

----------------

TOTAL CURRENT ASSETS

40.876.665,00

29.245.016,99

13.680.485,04

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

INVESTMENTS

 

5.074,77

5.074,77

JUDICIAL DEPOSITS

 

 

372,24

INVESTMENTS

5.487.009,00

5.487.009,44

5.473.079,08

NOTES RECEIVABLE

8.271,00

 

30.920,26

 

----------------

----------------

----------------

TOTAL LONG-TERM RECEIVABLES

5.495.280,00

5.492.084,21

5.509.446,35

 

FIXED ASSETS:

 

 

 

 

 

 

 

FIXED ASSETS

4.000.988,00

3.925.467,90

4.410.283,72

INTANGIBLE

 

9.665,05

12.787,60

 

----------------

----------------

----------------

TOTAL FIXED ASSETS

4.000.988,00

3.935.132,95

4.423.071,32

OFF-BALANCE ACCOUNTS

 

 

291.748,53

 

================

================

================

TOTAL ASSETS

50.372.933,00

38.672.234,15

23.904.751,24

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2014

31/12/2013

31/12/2012

 

 

 

 

SUPPLIERS

19.784.588,00

10.380.184,24

3.294.840,88

LOANS AND FINANCING

1.778.682,00

 

 

LABOR OBLIGATIONS

251.294,00

106.334,48

52.695,50

TAX LIABILITIES

1.313.951,00

1.632.782,27

1.213.954,30

IMPORTS IN PROGRESS

2.525.137,00

630.042,45

1.324.987,54

LEASING

 

 

568.511,55

CURRENT ACCOUNTS

158.389,00

 

 

PROVISIONS

 

141.842,71

53.403,81

ACCOUNTS PAYABLE

30.198,00

2.585.596,27

36.174,30

 

----------------

----------------

----------------

TOTAL CURRENT LIABILITIES

25.842.239,00

15.476.782,42

6.544.567,88

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

ACCOUNTS PAYABLE

 

 

304.950,30

ADVANCE FROM CLIENTS

3.608.987,00

3.952.785,23

1.293.300,36

LOANS AND FINANCING

6.951.191,00

5.726.175,84

957.943,93

INTERCOMPANY DEBTS

 

 

3.607.098,13

 

----------------

----------------

----------------

TOTAL LONG TERM LIABILITIES

10.560.178,00

9.678.961,07

6.163.292,72

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

800.000,00

800.000,00

800.000,00

ACCRUED PROFIT (LOSS)

13.170.516,00

12.716.490,66

10.392.490,57

 

----------------

----------------

----------------

TOTAL NET EQUITY

13.970.516,00

13.516.490,66

11.192.490,57

OFF-BALANCE ACCOUNTS

 

 

4.400,07

 

================

================

================

TOTAL LIABILITIES

50.372.933,00

38.672.234,15

23.904.751,24

 

 

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

76.886.545,00

71.842.766,93

36.304.195,09

(-) TAXES ON SALES

13.741.982,00

12.987.996,98

6.489.581,91

 

----------------

----------------

----------------

NET SALES

63.144.563,00

58.854.769,95

29.814.613,18

(-) COST OF SOLD GOODS

51.129.835,00

50.742.499,81

25.816.572,86

 

----------------

----------------

----------------

GROSS PROFIT

12.014.728,00

8.112.270,14

3.998.040,32

OPERATING REVENUE (EXPENSE)

-9.171.463,00

-2.676.881,53

-1.739.949,06

FINANCIAL REVENUE(EXPENSE)

-572.302,00

-792.697,88

-190.209,18

 

----------------

----------------

----------------

OPERATIONAL PROFIT (LOSS)

2.270.963,00

4.642.690,73

2.067.882,08

NON-OPERATING RESULT

1.303.359,00

-58.855,62

2.653.179,17

CONTRIBUTION/INCOME TAX

-1.191.269,00

-1.594.127,39

-679.079,91

 

----------------

----------------

----------------

NET PROFIT (LOSS)

2.383.053,00

2.989.707,72

4.041.981,34

 

MONTHLY SALES

 

  2015

 

 

 

---------------------

 

 

JANUARY

R$ 68.593.356,31

 

 

FEBRUARY

R$ 47.113.599,99

 

 

MARCH

R$ 64.673.773,94

 

 

APRIL

R$ 51.192.604,56

 

 

MAY

R$ 52.343.816,90

 

 

JUNE

R$ 51.969.422,60

 

 

JULY

 

 

 

AUGUST

 

 

 

SEPTEMBER

 

 

 

OCTOBER

 

 

 

NOVEMBER

 

 

 

DECEMBER

 

 

 

TOTAL

R$ 335.886.574,30

 

 

 

RATIOS:

31/12/2014

31/12/2013

31/12/2012

 

QUICK RATIO

,92

 

1,19

 

1,56

 

CURRENT RATIO

1,58

 

1,89

 

2,09

 

ACCOUNTS RECEIVABLE TURNOVER

5,52

TIMES

5,60

TIMES

5,55

TIMES

DAYS' SALES IN RECEIVABLES

65,20

DAYS

64,32

DAYS

64,85

DAYS

INVENTORY TURNOVER

2,98

TIMES

4,71

TIMES

7,46

TIMES

ACCOUNTS PAYABLE PERIOD

139,30

DAYS

73,64

DAYS

45,95

DAYS

RETURN ON ASSETS

1,25

TIMES

1,52

TIMES

1,25

TIMES

SALES TURNOVER ON NET EQUITY

4,52

TIMES

4,35

TIMES

2,66

TIMES

NET WORTH TIE-UP

,29

 

,29

 

,39

 

INDEBTEDNESS

2,61

 

1,86

 

1,14

 

EQUITY RATIO

27,73

%

34,95

%

46,82

%

WORKING CAPITAL RATIO

58,18

%

88,96

%

109,04

%

GENERAL SOLVENCY

1,38

 

1,54

 

1,88

 

RETURN ON NET EQUITY

17,06

%

22,12

%

36,11

%

RETURN ON SALES (PROFIT MARGIN)

3,77

%

5,08

%

13,56

%

GROSS PROFIT MARGIN

19,03

%

13,78

%

13,41

%

OPERATIONAL RESULT

3,60

%

7,89

%

6,94

%

SALES TURNOVER ON LIABILITIES

2,44

TIMES

3,80

TIMES

4,56

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 3,89

 - OFFICIAL RATE ON 23/10/2015

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 HIGH BUT IT IS NOTED GOOD CURRENT RATIO AND POSITIVE WORKING CAPITAL, CONSIDERED SUFFICIENT TO COVER THE SHORT TERM DEBTS. IN ADDITION IT SHOWS SHARP SALES GROWTH AND PROFITABILITY.

 

REMARKS:

 

IN THE BALANCE SHEET IT IS ONLY REGISTERED THE COMPANY'S OWN REVENUE FROM THE SERVICES RENDERED. HOWEVER, IN THE MONTHLY SALES IT SHOWS THE GLOBAL REVENUE WHICH IS COMPRISED BY THE COMPANY'S OWN REVENUE PLUS THE REVENUE GENERATED FROM THE OPERATIONS IT CARRIES OUT ON THE ACCOUNT OF OTHERS. FORMERLY THE COMPANIES USED TO PREPARE THE BALANCE SHEET SHOWING THE TOTAL REVENUE BUT THE BRAZILIAN TAX AUTHORITY HAS ISSUED A RESOLUTION DEMANDING THE TRADING / FOREIGN TRADE COMPANIES TO SEGREGATE THE REVENUES, THUS THE DIFFERENCE IN THE VALUES.

 

 

REAL ESTATE:

 

   OWNED PREMISES ARE VALUED AT R$ 1.690.000,00

 

 

DETAIL OF OWNED REAL ESTATE:

 

OWNER:

JULIANO D´ALMEIDA VICTORINO

QUANTITY:

1

TYPE:

LAND

VALUE:

R$ 28.048,75

ADDRESS:

CIDADE DE PENHA/SC

 

 

OWNER:

JULIANO D´ALMEIDA VICTORINO

QUANTITY:

1

TYPE:

LAND

TOTAL AREA:

390 SQ MTS

VALUE:

R$ 52.000,00

ADDRESS:

MUNICÍPIO DE BOMBINHAS/SC

 

 

OWNER:

JULIANO D´ALMEIDA VICTORINO

QUANTITY:

1

TYPE:

LAND

TOTAL AREA:

704 SQ MTS

VALUE:

R$ 9.000,00

ADDRESS:

BALNEÁRIO PIÇARRAS/SC

REMARKS:

OWNS 50% OF THE LANDS

 

 

OWNER:

JULIANO D´ALMEIDA VICTORINO

QUANTITY:

1

TYPE:

LAND

TOTAL AREA:

1.122,46 SQ MTS

VALUE:

R$ 67.890,50

ADDRESS:

BALNEÁRIO DE PIÇARRAS/SC

REMARKS:

OWNS 50% OF THE LANDS

 

 

OWNER:

JULIANO D´ALMEIDA VICTORINO

QUANTITY:

1

TYPE:

LAND

TOTAL AREA:

4.602,61 SQ MTS

VALUE:

R$ 60.000,00

ADDRESS:

BALNEÁRIO PIÇARRAS/SC

REMARKS:

OWNS 50% OF THE LANDS

 

 

OWNER:

JULIANO D´ALMEIDA VICTORINO

QUANTITY:

1

TYPE:

LAND

TOTAL AREA:

1/4

VALUE:

R$ 25.000,00

ADDRESS:

ITAJAÍ/SC

REMARKS:

OWNS 50% OF THE LANDS

 

 

OWNER:

JULIANO D´ALMEIDA VICTORINO

QUANTITY:

1

TYPE:

LAND

TOTAL AREA:

121.000 SQ MTS

VALUE:

R$ 15.000,00

ADDRESS:

NAVEGANTES/SC

REMARKS:

OWNS 50% OF THE LANDS

 

VEHICLES:

 

   OWNED VEHICLES ARE VALUED AT R$ 117.600,00

 

MACHINES:

 

   NOT AVAILABLE

 

 

INSURANCE

 

NOT AVAILABLE

 

 

BANKING REFERENCES

 

BRANCH/PHONE:

 

BANCO BRADESCO S/A           2548-8 / 47 3345-0899

 

BANCO DO BRASIL S/A            4295-1 / 47 3249-0955

 

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

 

SUBJECT IS ENGAGED IN THE TRADE REPRESENTATION, RENDERING OF SERVICES, IMPORT, EXPORT AND TRADE OF GENERAL GOODS.

 

MAIN PRODUCTS TRADED: SYNTHETIC FIBRE AND TIRES.

MAIN PRODUCTS TRADED: SYNTHETIC FIBRE AND TIRES.

 

NATIONAL INDUSTRY CLASSIFICATION CODE(S) (CNAE):

46.19-2-00 - TRADE RPRESENTATION AND TRADE OF GOODS IN GENERAL;

70.20-4-00 - ACTIVITIES OF BUSINESS MANAGEMENT CONSULTANCY;

46.23-1-09 - WHOLESALE OF PREPARED ANIMAL FEEDS;

46.49-4-02 - WHOLESALE OF ELECTRONIC APPARATUS FOR PERSONAL AND HOUSEHOLD USE;

46.41-9-03 - WHOLESALE OF HABERDASHERIES.

 

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

INDONESIA, CHINA, JAPAN, ARGENTINA, URUGUAY AND PARAGUAY.

 

   EXPORTS TO:

DOES NOT EXPORT.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

PHONE:

FABRIS COMÉRCIO DE PNEUS

 

41 3349-4422

MAIZUMM AUTO CENTER

 

48 3240-2016

MARILUA TÊXTIL

 

47 3323-8465

RENTEQ EQUIPAMENTOS

 

48 3241-1801

RIBOR IMP. E EXPORTAÇÃO LTDA

 

48 2108-8800

TASCHNER INDÚSTRIA TÊXTIL

 

47 3371-1988

TRANSPORTADORA VANTROBA

 

42 3227-5252

 

STAFF:

 

THE COMPANY HAS: 77 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 2005. 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 SINCE ITS CORE SUPPLIERS ARE LOCATED ABROAD.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

PHONE:

OPEN LAB

 

47 3344-5842

TRANSCUNHA LTDA

 

47 3348-3160

 

 

FOREIGN SUPPLIERS:

COUNTRY:

DUNLOP / BELFIRE

JAPAN

FATE

ARGENTINA

HANWHA CORPORATION

CHINA

PT APAC

INDONESIA

PT PACIFIC

INDONESIA

SUNSET

PARAGUAY

WENDA CO

CHINA

 

 

PAYMENT HISTORY:

 

01 SUPPLIER REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 616,00

 

AMOUNT OF INVOICES PAID: 1

TOTAL OF PROMPT PAYMENTS: 100%

HIGHEST INVOICE: R$ 616,00

HIGHEST CREDIT: R$ 616,00

 

 

FINAL OPINION

 

THE SUBJECT WAS ESTABLISHED IN 2005 AND OPERATES WITH AN EXPRESSIVE SCALE OF ACTIVITIES AND A GOOD TRADE REPUTATION. THE OPERATING HISTORY IS CLEAR AND SUBJECT HAS A NORMAL PAYMENT BEHAVIOR.

 

BASED ON THE GENERAL INFORMATION AVAILABLE IT IS BELIEVED THAT TRADE RELATIONS MAY BE ESTABLISHED. CREDIT FACILITIES MAY BE EXTENDED IN TERMS AND AMOUNTS ADEQUATE TO THE SUBJECT SIZE AND FINANCIAL STRENGHT.

 

EVEN HIGHER AMOUNTS MAY BE CONSIDERED DEPENDING ON THE BUSINESS BEING ESTABLISHED WITH THE SUBJECT.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.64.95

UK Pound

1

Rs.99.73

Euro

1

Rs.71.84

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

Report Prepared by :

DPT

 

               

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.