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Report No. : |
338708 |
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Report Date : |
02.09.2015 |
IDENTIFICATION DETAILS
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Name : |
DOW AGROSCIENCES INDUSTRIAL LTDA. |
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Registered Office : |
Avenida Das Nações Unidas,14171 / 2º Andar - Santo Amaro, 04795-100 - São Paulo/Sp |
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Country : |
Brazil |
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Date of Incorporation : |
28.08.1975 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of Agrochemicals. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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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 re-election 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.
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Source
: CIA |
DOW AGROSCIENCES
INDUSTRIAL LTDA.
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MAIN ADDRESS: |
AVENIDA DAS NAÇÕES UNIDAS,14171 / 2º ANDAR - SANTO AMARO |
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ZIP CODE/CITY: |
04795-100 - SÃO PAULO/SP |
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PHONE: |
11 5188-9000 |
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FAX: |
11 5188-9395 |
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E-MAIL: |
ragomides@dow.com |
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WEB SITE: |
www.dowagro.com/br/nossa/ |
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BRANCHES: |
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ADDRESS: |
AV PRESIDENTE HUMBERTO DE ALENCAR CASTELO BRANCO,3200 PARTE - RIO
ABAIXO |
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ZIP CODE/CITY: |
12321-150 JACAREÍ/SP |
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PHONE: |
12 3954-2100 |
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ADDRESS: |
RODOVIA PRESIDENTE TANCREDO DE ALMEIDA NEVES S/N, KM,38 - H. FLORESTAL
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ZIP CODE/CITY: |
07863-230 FRANCO DA ROCHA/SP |
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PHONE: |
11 4449-1792 |
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ADDRESS: |
RODOVIA ANHANGUERA S/N, KM,344
- ZONA RURAL |
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ZIP CODE/CITY: |
14680-000 JARDINOPOLIS/SP |
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PHONE: |
16 3690-1500 |
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FURTHER TO THE ABOVE THE COMPANY ALSO HAS OTHER BRANCHES. |
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MAIN ACTIVITIES: |
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MANUFACTURE OF AGROCHEMICALS |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
28/08/1975 |
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REGISTER DATE: |
04/09/1975 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
47.180.625/0001-46 |
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STATE REGISTER: |
115.360.755.112 |
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SHARE CAPITAL: |
R$
530.426.899,04 |
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BOARD OF
DIRECTORS: |
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|
WELLES CLOVIS PASCHOAL |
DIRECTOR |
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MARCELO LIMA VIEIRA |
DIRECTOR |
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THAIS DA SILVA SOUZA CARLONI |
DIRECTOR |
|
EVERSON ESTEVAO MEDEIROS |
DIRECTOR |
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RAMIRO ALFREDO DA LA CRUZ |
PRESIDENT DIRECTOR |
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THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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DOW BRASIL INDUSTRIA E COMERCIO DE PRODUTOS QUIMICOS LTDA |
R$
530.426.897,32 |
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WELLES CLOVIS PASCOAL |
R$ 1,72 |
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AFFILIATES /
SUBSIDIARIES: |
|
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A SCAN THROUGH
OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS/HAVE THE FOLLOWING
UNCONFIRMED HOLDINGS: |
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COODETEC DESENVOLVIMENTO, PRODUCAO E COM. AGRICOLA LTDA |
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ROHM AND HASS QUIMICA LTDA |
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DOW NORDESTE QUIMICA LTDA |
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PREVDOW SOCIEDADES DE PREVIDENCIA
PRIVADA |
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CURITIBA SOBRACELHA ESTETICA - ME |
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DOW AGROCIENCIES SEMENTES & BIOTECNILOGIA BRASIL LTDA |
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THE SUBJECT WAS ESTABLISHED ON AUGUST 28, 1975 TO BE ENGAGED IN THE SAID
LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. THE COMPANY OPERATES WITH THE TRADE NAME: DOW AGROSCIENCES PREVIOUS NAMES: LIMAGRAIN DO BRASIL PRODUTOS AGRICOLAS LTDA. DINAMILHO DO BRASIL PRODUTOS AGRICOLAS LTDA. DINAMILHO PRODUTOS AGRICOLAS LTDA. SEMENTES DOW AGROSCIENCES LTDA. DINAMILHO CAROL PRODUTOS AGRICOLAS LTDA. PARTNERS: DOW BRASIL INDUSTRIA E COMERCIO DE PRODUTOS QUIMICOS LTDA:
HEADQUARTERED AT AV.NACOES UNIDAS, 14171, ED.DIAMOND TO, SANTO AMARO, SAO
PAULO - SP, REGISTRATION # NIRE 35227985612. WELLES CLOVIS PASCOAL, BRAZILIAN, HOLDER OF DOCUMENTS, CPF:
263.295.496-72, RG/RNE: 1160572, RESIDENTIAL ADDRESS AT AVENIDA NACOES
UNIDAS, DAS, 14171, VILA GERTRUDES, SAO PAULO - SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. RENATO GOMIDES,
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. |
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PUBLIC INFORMATION: |
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PROTESTS: |
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3 PROTESTS,TOTAL AMOUNT R$
8.412,20 |
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DETAILS OF LATEST PROTESTS: |
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NOTARY OFFICE: |
DATE: |
VALUE: |
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2º CARTORIO DE RIBEIRAO PRETO/SP |
17/02/2011 |
R$ 6.727,71 |
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1º CARTORIO DE FRANCO DA ROCHA/SP |
21/10/2013 |
R$ 515,83 |
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2º CARTORIO DE FRANCO DA ROCHA/SP |
16/10/2012 |
R$ 1.168,66 |
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LAWSUITS: |
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DATE: |
COURT OF LAW: |
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1 |
STATE LAWSUIT |
04/09/13 |
VARA DE CUIABA/MT |
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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.
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EXCHANGE RATE: |
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US$ 1,00 = R$ 1,98 |
- OFFICIAL RATE ON 06/02/2013 |
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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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VEHICLES: |
NOT AVAILABLE
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MACHINES: |
NOT AVAILABLE
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NOT AVAILABLE. |
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BRANCH/PHONE: |
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BANCO DO BRASIL S/A |
2211 |
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BANCO BRADESCO S/A |
0443 |
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BANCO ITAU S/A |
0058 |
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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"). |
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MANUFACTURE OF AGROCHEMICALS |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
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NOT AVAILABLE. |
EXPORTS TO:
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NOT AVAILABLE. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
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NOT AVAILABLE. |
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STAFF: |
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NOT AVAILABLE |
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THE SUBJECT IS A WELL-ESTABLISHED SUBSIDIARY OF A LARGE-SIZED
MULTINATIONAL GROUP, OPERATING IN BRAZIL SINCE 1975. SO FAR IT HAS HIGH SCALE
OF ACTIVITIES, A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOR. 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 AND SO FAR NO PAYMENT PROBLEMS ARE NOTED. MOST OF THE SUPPLIERS WHICH PROVIDED INFORMATION REPORTED PROMPT
PAYMENTS, THUS THE SUBJECT HAS GOOD TRADE REPUTATION. 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. 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. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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CIA BRAS. DE PETROLEO IPIRANGA |
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ELEKEIROZ S/A |
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IPIRANGA QUIMICA S/A |
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KSB BOMBAS HIDRAULICAS S/A |
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SAVIEZZA PROPAGANDA PUBLICIDADE E EVENTOS LTDA |
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PAYMENT HISTORY: |
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13 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 166.425,00 |
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AMOUNT OF INVOICES PAID: 52 |
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TOTAL OF PROMPT PAYMENTS: 93,4% |
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TOTAL OF DELAYED PAYMENTS: 6,4% |
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HIGHEST INVOICE: R$ 31.913,00 |
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HIGHEST CREDIT: R$ 31.913,00 |
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OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
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DUE WITHIN 30 DAYS |
1 |
1 |
R$ 2.238,56 |
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. UP TO DATE IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT
PERFORMANCE. BASED ON THE OVERALL DATA AVAILABLE THE SUBJECT MAY BE CONSIDERED FOR NORMAL
BUSINESS COMMITMENTS. SUBJECT IS BELIEVED TO BE WORTH CREDIT. HOWEVER, IN THE
ABSENCE OF FINANCIAL DATA IT WOULD BE ADVISABLE SOME CAUTION. IT WOULD BE
RECOMMENDED REQUIRING A COLLATERAL OF THE CONTROLLING COMPANIES. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.26 |
|
|
1 |
Rs.101.99 |
|
Euro |
1 |
Rs.74.79 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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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 |
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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 |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.