|
|
|
MIRA INFORM REPORT
|
Report No. : |
487780 |
|
Report Date : |
24.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
INTERSTEEL AÇOS E METAIS LTDA |
|
|
|
|
Registered Office : |
Rua Antonio Chiarizzi, 145 - Parque Da Moóca, 03109-050 - São Paulo/Sp |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
21.05.1992 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of metal and steel |
|
|
|
|
No. of Employees : |
94 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
Brazil |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
BRAZIL - ECONOMIC OVERVIEW
Brazil is the eighth-largest economy in the world, but is recovering from a recession in 2015 and 2016 that ranks as the worst in the country’s history. Falling commodity prices reduced export revenues and investment, which weakened the Brazilian real and cut tax revenues. The weaker real made existing public debt, which was largely denominated in foreign currency, more expensive. Lower tax revenues strained the government budget.
Economic reforms, proposed in 2016, aim to slow the growth of government spending and reduce barriers to foreign investment. Government spending growth helped to push public debt to 78% of GDP at the end of 2017, up from 50% in 2012. Policies to strengthen Brazil’s workforce and industrial sector, such as local content requirements, may have boosted employment at the expense of investment.
Former President Dilma ROUSSEFF was impeached and convicted in August 2016 for moving funds among government budgets; the economy has also been affected by multiple corruption scandals involving private companies and government officials. Sanctions against the firms involved — some of the largest in Brazil — has limited their business opportunities, producing a ripple effect on associated businesses and contractors. In addition, investment in these companies has declined because of the scandals.
Brazil is a member of the Common Market of the South (Mercosur), a trade bloc including Argentina, Paraguay, Uruguay, and Venezuela. After the Asian and Russian financial crises, Mercosur adopted a protectionist stance to guard against exposure to the volatility of foreign markets. Brazil and its Mercosur partners have pledged to open the bloc to more trade and investment, but changes require approval of all five members, which makes policy adjustments too difficult to enact.
|
Source : CIA |
Company
name
|
INTERSTEEL
AÇOS E METAIS LTDA |
ADDRESSES
|
|
MAIN ADDRESS: |
RUA
ANTONIO CHIARIZZI, 145 - PARQUE DA MOÓCA, |
|
ZIP
CODE/CITY: |
03109-050
- SÃO PAULO/SP |
|
|
|
|
PHONE: |
11
2067-3536 |
|
E-MAIL: |
silva@intersteel.com.br |
|
WEB
SITE: |
www.intersteel.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA
HERVAL DO OESTE, 185 – ELDORADO, |
|
ZIP
CODE/CITY: |
89810-225
CHAPECÓ/SC |
|
|
|
|
ADDRESS: |
AV.
DENDEZEIROS, 184 - BAIRRO DO BONFIM, |
|
ZIP
CODE/CITY: |
40415-006
SALVADOR/BA |
LEGAL
DATA
|
|
MAIN ACTIVITIES: |
|
WHOLESALE OF METAL AND STEEL. |
|
LEGAL FORM: |
LIMITED LIABILITY COMPANY |
|
|
|
|
INCORPORATION
DATE: |
21/05/1992 |
|
REGISTER
DATE: |
21/05/1992 |
|
BALANCE
SHEET FILING DATE: |
31/12 |
|
TAX
CONTRIBUTOR NUMBER (CNPJ): |
67.889.634/0001-18 |
|
STATE
REGISTER: |
113.442.842.110 |
|
|
|
|
SHARE
CAPITAL: |
R$
1.050.000,00 |
|
LAST
REGISTER OF CAPITAL: |
22/02/2011 |
|
BOARD OF DIRECTORS: |
|
|
|
|
|
MARCOS
CARBONI |
DIRECTOR |
|
GISELE
NAZZONI CARBONI |
DIRECTOR |
AUTHORIZED
USE OF SIGNATURE
|
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF
THE COMPANY. |
|
SHAREHOLDERS / PARTNERS: |
|
|
|
|
|
GAP
PARTICIPAÇÕES LTDA |
50% |
|
BONI
PARTICIPAÇÕES LTDA |
50% |
|
AFFILIATES / SUBSIDIARIES: |
|
|
A SCAN
THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS/HAVE THE
FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
STEEL NORDESTE LTDA EPP |
|
|
BARK ADMINISTRAÇÃO LTDA |
|
|
SOROLAC - INDUSTRIA DE CONCENTRAÇÃO E SECAGEM
ROLIM DE MOURA |
|
COMPANY'S
BACKGROUND
|
|
THE SUBJECT WAS ESTABLISHED ON MAY 21, 1992 TO BE
ENGAGED IN THE SAID LINE OF BUSINESS. TRADE NAME: "INTERSTEEL". BUSINESS ADDRESS HAS CHANGED FROM (AV. HENRY FORD 2380,
SAO PAULO/SP) TO THE PRESENT REGISTERED ONE. THE COMPANY HAS THE ISO 9001:2008 CERTIFICATION. PARTNERS: BONI PARTICIPAÇÕES LTDA: HEADQUARTERED AT AVENIDA
HENRY FORD 2380, 1º ANDAR, SALA 03, PARQUE DA MOÓCA, ZIP CODE 03109-001, SAO
PAULO/SP, TAXPAYER'S REGISTRATION UNDER
CNPJ: 13.936.012/0001-74 AND REGISTERED AT THE STATE OF SÃO PAULO
NOTARY OFFICE UNDER NIRE 35.225.479.957, REPRESENTED BY ITS ATTORNEY MR.
MARCOS CARBONI, AS BELOW MENTIONED; GAP PARTICIPAÇÕES LTDA: HEADQUARTERED AT AVENIDA.
HENRY FORD 2380, 1º ANDAR, SALA 02, PARQUE DA MOÓCA, ZIP CODE 03109-001, SAO
PAULO/SP, TAXPAYER'S REGISTRATION UNDER
CNPJ: 13.934.424/0001-75 AND REGISTERED AT THE STATE OF SÃO PAULO
NOTARY OFFICE UNDER NIRE 35.225.479.990, REPRESENTED BY ITS ATTORNEY, MS GISELE
NAZZONI CARBONI, AS BELOW MENTIONED. DIRECTORS: MARCOS CARBONI: BRAZILIAN, HOLDER OF DOCUMENTS CPF
023.363.518-11, RESIDENTIAL ADDRESS AT RUA RENE ZANLUTTI, 85, APTO. 81,
JARDIM VILA MARIANA, ZIP CODE 04116-260, SÃO PAULO/SP; GISELE NAZZONI CARBONI: BRAZILIAN, HOLDER OF
DOCUMENTS CPF 060.048.208-14, RESIDENTIAL ADDRESS AT RUA RENE ZANLUTTI, 85,
APTO. 81, JARDIM VILA MARIANA, ZIP CODE 04116-260, SÃO PAULO/SP. BUSINESS ADDRESS HAS CHANGED FROM (AVENIDA HENRY
FORD,2380 - PARQUE DA MOOCA, SÃO PAULO/SP) TO THE PRESENT REGISTERED ONE. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL
INFORMATION
|
|
GENERAL BALANCE SHEETS AS OF 31/12/2016, 31/12/2015
AND 31/12/2014. |
|
(
FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2016 |
31/12/2015 |
31/12/2014 |
|
|
|
|
|
|
CASH
AND CASH EQUIVALENTS |
460.039,05 |
1.214.124,00 |
1.409.122,28 |
|
CLIENTS |
9.290.758,08 |
11.451.218,97 |
14.363.911,19 |
|
DOUBTFUL
DEBTORS |
-2.054.394,76 |
-1.591.547,14 |
-1.519.713,37 |
|
RECOVERABLE
TAXES |
1.429.917,91 |
772.498,76 |
944.977,58 |
|
GRANTED
LOANS |
25.967,13 |
|
|
|
INVENTORY |
5.979.347,81 |
7.363.146,19 |
9.315.416,85 |
|
PRE
PAID EXPENSES |
52.843,24 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
CURRENT ASSETS |
15.184.478,46 |
19.209.440,78 |
24.513.714,53 |
|
LONG-TERM RECEIVABLES: |
|
|
|
|
|
|
|
|
|
IMPORTS
IN PROGRESS |
3.801.155,52 |
3.553.281,06 |
5.441.878,57 |
|
PRE
PAID EXPENSES |
|
|
71.678,24 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
LONG-TERM RECEIVABLES |
3.801.155,52 |
3.553.281,06 |
5.513.556,81 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED
ASSETS |
6.586.433,12 |
6.654.212,87 |
4.371.122,32 |
|
INTANGIBLE |
|
|
11.724,90 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
FIXED ASSETS |
6.586.433,12 |
6.654.212,87 |
4.382.847,22 |
|
|
================ |
================ |
================ |
|
TOTAL
ASSETS |
25.572.067,10 |
29.416.934,71 |
34.410.118,56 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2016 |
31/12/2015 |
31/12/2014 |
|
|
|
|
|
|
SUPPLIERS |
735.209,89 |
2.392.424,00 |
3.827.395,84 |
|
FOREIGN
SUPPLIERS |
5.763.364,50 |
7.643.822,64 |
9.761.938,14 |
|
TAXES
& CONTRIBUTIONS |
881.394,31 |
273.780,60 |
720.508,13 |
|
SALARIES
PAYABLE |
78.815,54 |
98.020,17 |
118.334,94 |
|
SOCIAL
OBLIGATIONS |
107.031,78 |
122.801,33 |
147.983,99 |
|
PROVISIONS |
187.214,68 |
194.180,80 |
174.898,03 |
|
LOANS
AND FINANCING |
4.260.887,80 |
1.926.783,64 |
|
|
CURRENT
ACCOUNTS |
133.333,31 |
133.333,31 |
|
|
ADVANCE
FROM CLIENTS |
|
|
799.646,99 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
CURRENT LIABILITIES |
12.147.251,81 |
12.785.146,49 |
15.550.706,06 |
|
LONG TERM LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS
AND FINANCING |
1.596.900,04 |
5.111.433,04 |
6.807.244,99 |
|
INSTALLMENTS
TAXES PAYABLE |
1.105.643,88 |
511.623,04 |
901.867,49 |
|
PROVISION
FOR CONTINGENCIES |
2.147.770,63 |
2.839.497,19 |
2.897.141,07 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
LONG TERM LIABILITIES |
4.850.314,55 |
8.462.553,27 |
10.606.253,55 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE
CAPITAL |
1.050.000,00 |
1.050.000,00 |
1.050.000,00 |
|
CAPITAL
RESERVES |
31.337,07 |
31.337,07 |
31.337,07 |
|
PROFIT
RESERVES |
6.138.049,70 |
5.401.209,80 |
5.485.133,80 |
|
OTHER
COMPREHENSIVE INCOME |
1.438.937,97 |
|
|
|
ACCRUED
PROFIT (LOSS) |
-83.824,00 |
|
|
|
REVALUATION
RESERVES |
|
1.686.688,08 |
1.686.688,08 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
NET EQUITY |
8.574.500,74 |
8.169.234,95 |
8.253.158,95 |
|
|
================ |
================ |
================ |
|
TOTAL
LIABILITIES |
25.572.067,10 |
29.416.934,71 |
34.410.118,56 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2016,
31/12/2015 AND 31/12/2014. |
|
(
FIGURES ARE IN REAIS ). |
|
|
31/12/2016 |
31/12/2015 |
31/12/2014 |
|
|
|
|
|
|
GROSS
SALES |
73.351.982,09 |
90.579.533,59 |
99.801.216,99 |
|
(-)
TAXES ON SALES |
19.086.224,71 |
23.852.323,44 |
26.891.312,80 |
|
|
---------------- |
---------------- |
---------------- |
|
NET
SALES |
54.265.757,38 |
66.727.210,15 |
72.909.904,19 |
|
(-)
COST OF SOLD GOODS |
38.948.443,59 |
50.714.624,39 |
55.220.005,93 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS
PROFIT |
15.317.313,79 |
16.012.585,76 |
17.689.898,26 |
|
OPERATING
REVENUE (EXPENSE) |
-8.868.183,67 |
-10.231.194,28 |
-11.281.402,81 |
|
FINANCIAL
REVENUE (EXPENSE) |
-5.127.564,18 |
-5.536.804,98 |
-2.469.283,48 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL
PROFIT (LOSS) |
1.321.565,94 |
244.586,50 |
3.939.211,97 |
|
NON-OPERATING
RESULT |
-20.682,40 |
-412,85 |
-8.651,37 |
|
CONTRIBUTION/INCOME
TAX |
-278.967,64 |
-328.097,65 |
-1.312.390,62 |
|
|
---------------- |
---------------- |
---------------- |
|
NET
PROFIT (LOSS) |
1.021.915,90 |
-83.924,00 |
2.618.169,98 |
|
MONTHLY SALES |
|||
|
|
2016 |
|
|
|
|
--------------------- |
|
|
|
JANUARY
|
R$
6.987.500,93 |
|
|
|
FEBRUARY
|
R$
5.066.975,70 |
|
|
|
MARCH
|
R$
7.201.570,66 |
|
|
|
APRIL
|
R$
5.843.246,28 |
|
|
|
MAY
|
R$
7.141.771,18 |
|
|
|
JUNE
|
R$
6.089.578,59 |
|
|
|
JULY
|
R$
5.105.299,55 |
|
|
|
AUGUST
|
R$
5.279.291,75 |
|
|
|
SEPTEMBER
|
R$
5.299.888,23 |
|
|
|
OCTOBER
|
R$
5.421.385,09 |
|
|
|
NOVEMBER
|
R$
7.813.906,18 |
|
|
|
DECEMBER
|
R$
4.923.644,87 |
|
|
|
TOTAL
|
R$
72.174.059,01 |
|
|
|
RATIOS: |
31/12/2016 |
31/12/2015 |
31/12/2014 |
|
QUICK
RATIO |
,76 |
|
,93 |
|
,98 |
|
|
CURRENT
RATIO |
1,25 |
|
1,50 |
|
1,58 |
|
|
ACCOUNTS
RECEIVABLE TURNOVER |
5,84 |
TIMES |
5,83 |
TIMES |
5,08 |
TIMES |
|
DAYS'
SALES IN RECEIVABLES |
61,64 |
DAYS |
61,78 |
DAYS |
70,92 |
DAYS |
|
INVENTORY
TURNOVER |
6,51 |
TIMES |
6,89 |
TIMES |
5,93 |
TIMES |
|
ACCOUNTS
PAYABLE PERIOD |
6,80 |
DAYS |
16,98 |
DAYS |
24,95 |
DAYS |
|
RETURN
ON ASSETS |
2,12 |
TIMES |
2,27 |
TIMES |
2,12 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
6,33 |
TIMES |
8,17 |
TIMES |
8,83 |
TIMES |
|
NET
WORTH TIE-UP |
,77 |
|
,81 |
|
,53 |
|
|
INDEBTEDNESS |
1,98 |
|
2,60 |
|
3,17 |
|
|
EQUITY
RATIO |
33,53 |
% |
27,77 |
% |
23,98 |
% |
|
WORKING
CAPITAL RATIO |
25,00 |
% |
50,25 |
% |
57,64 |
% |
|
GENERAL
SOLVENCY |
1,50 |
|
1,38 |
|
1,32 |
|
|
RETURN
ON NET EQUITY |
11,92 |
% |
-1,03 |
% |
31,72 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
1,88 |
% |
-,13 |
% |
3,59 |
% |
|
GROSS
PROFIT MARGIN |
28,23 |
% |
24,00 |
% |
24,26 |
% |
|
OPERATIONAL
RESULT |
2,44 |
% |
,37 |
% |
5,40 |
% |
|
SALES
TURNOVER ON LIABILITIES |
4,47 |
TIMES |
5,22 |
TIMES |
4,69 |
TIMES |
|
FOREIGN
CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN
CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL
RATIOS. THE ANNUAL FIGURES AVAILABLE SHOW A SATISFACTORY
FINANCIAL STANDING. THE LEVEL OF INDEBTEDNESS IS VERY HIGH BUT IT IS NOTED
GOOD CURRENT RATIO AND POSITIVE WORKING CAPITAL AMOUNT. IN ADDITION IT SHOWS
DROP IN SALES BUT POSTED PROFITABILITY. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
2.004.359,94
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 6.014.870,00
INSURANCE
|
|
NOT
AVAILABLE. |
BANKING
REFERENCES
|
|
BANCO
SANTANDER (BRASIL) S/A |
|
|
|
BANCO
ITAU S/A |
|
|
|
BANCO
SAFRA S/A |
|
|
|
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
|
|
WHOLESALE OF METAL AND STEEL. |
|
IMPORT AND EXPORT: |
IMPORTS FROM:
|
CHINA, USA, TURKEY, ITALY, SOUTH AFRICA |
EXPORTS TO:
|
NOT
AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC CLIENTS: |
|
|
|
NOT
AVAILABLE. |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 94 EMPLOYEES |
CONCEPT
AND FULFILMENT
|
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING
SINCE 1992. CURRENTLY IT SHOWS A CLEAR TRADE HISTORY. 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. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC SUPPLIERS: |
|
PHONE: |
|
AÇOS
CEARENSE |
|
85
- 40111361 |
|
AÇOS
MORTTA PRODS. SIDERÚRGICOS LTDA |
|
|
|
APERAM |
|
41
- 2141-4030 |
|
CDC
BRASIL DISTRIBUIDORA LTDA |
|
|
|
JATINOX |
|
41
- 32415111 |
|
KROMINOX
AÇOS METAIS LTDA |
|
|
|
MARCEGAGLIA
DO BRASIL LTDA |
|
|
|
MARCOS
RIBEIRO & CIA LTDA |
|
|
|
MICROCENTER
TELEINFORMAT. COM. REPRES. LTDA |
|
|
|
RODOCERTO
TRANSP. LTDA |
|
|
|
SANTIL
COMERCIAL EELTRICA LTDA |
|
|
|
TINTAS
MC LTDA |
|
|
|
FOREIGN SUPPLIERS: |
COUNTRY: |
|
|
COLUMBUS |
SOUTH
AFRICA |
|
|
OUTOKUMPU |
USA |
|
|
YIEH
CORPORATION |
CHINA |
|
|
PAYMENT HISTORY: |
|
13
SUPPLIERS REPORTED PAYMENTS: |
|
AMOUNT
OF INVOICES PAID: 127 |
|
TOTAL
OF PROMPT PAYMENTS: 95,4% |
|
TOTAL
OF DELAYED PAYMENTS: 4,6% |
|
|
|
HIGHEST
INVOICE: R$ 16.946,00 |
|
HIGHEST
CREDIT: R$ 225.348,00 |
FINAL
OPINION
|
|
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 |
INR 63.77 |
|
|
1 |
INR 89.20 |
|
Euro |
1 |
INR 78.22 |
|
BRL |
1 |
INR 19.66 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SYL |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.