|
|
|
MIRA
INFORM REPORT
|
Report No. : |
495950 |
|
Report Date : |
05.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
TRUFER COMÉRCIO DE SUCATAS LTDA |
|
|
|
|
Registered Office : |
Avenida Fagundes De Oliveira,1212 – Piraporinha, 09950-615 - Diadema/SP |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
20.10.1970 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of Metal Scrap. |
|
|
|
|
No. of Employees : |
270 |
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 (30.09.2017) |
Current Rating (31.12.2017) |
|
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 70% of GDP at the end of 2016 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
TRUFER COMÉRCIO DE
SUCATAS LTDA
ADDRESSES
|
MAIN ADDRESS: |
AVENIDA FAGUNDES DE OLIVEIRA,1212 - PIRAPORINHA |
|
ZIP CODE/CITY: |
09950-615 - DIADEMA/SP |
|
PHONE: |
11 4075-0555 |
|
FAX: |
11 4075-1737 |
|
E-MAIL: |
|
|
WEB SITE: |
|
INQUIRY DETAILS: |
|
|
|
|
|
GIVEN ADDRESS: |
AV FAGUNDES DE OLIVEIRA,1212 PIRAPORINHA DIADEMA, SÃO PAULO |
|
CORRECT ADDRESS: |
THE COMPLETE ADDRESS IS STATED AT THE CAPTION. |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
ESTRADA MUNICIPAL MINEKO ITO,3710 - JARDIM DULCE |
|
ZIP CODE/CITY: |
13178-535 SUMARÉ/SP |
|
CNPJ: |
62.862.479/0009-80 |
|
|
|
|
ADDRESS: |
RUA LICIO DE MIRANDA,477 - VILA CARIOCA |
|
ZIP CODE/CITY: |
04225-03 SÃO PAULO/SP |
|
PHONE: |
11 2914.6611 |
|
CNPJ: |
62.862.479/0005-56 |
|
|
|
|
ADDRESS: |
RODOVIA BR 376,17201 - CENTRO |
|
ZIP CODE/CITY: |
83015-000 SÃO JOSE DOS PINHAIS/SP |
|
PHONE: |
413385.5521 |
|
FAX: |
413383.1104 |
|
CNPJ: |
62.862.479/0004-75 |
|
|
|
|
ADDRESS: |
AVENIDA PROJETADA, S/Nº.,0 - BAIRRO PIRACANGUAGA |
|
ZIP CODE/CITY: |
12042-000 TAUBATÉ/SP |
|
PHONE: |
12 3686.2199 |
|
FAX: |
123686.4680 |
|
CNPJ: |
62.862.479/0006-37 |
|
|
|
|
ADDRESS: |
RUA AMERICO SANTIAGO PIACENZA,750 - BAIRRO CINCO |
|
ZIP CODE/CITY: |
32010-030 CONTAGEM/MG |
|
PHONE: |
31 3395.3528 |
|
CNPJ: |
62.862.479/0007-18 |
|
|
|
|
ADDRESS: |
AVENIDA PRESIDENTE KENNEDY,3323 - BAIRRO ANA BOM |
|
ZIP CODE/CITY: |
27323-641 BARRA MANSA/RJ |
|
CNPJ: |
62.862.479/0008-07 |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
WHOLESALE OF METAL SCRAP. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
20/10/1970 |
|
REGISTER DATE: |
20/10/1970 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
62.862.479/0001-22 |
|
STATE REGISTER: |
286.033.145.112 |
|
|
|
|
SHARE CAPITAL: |
R$ 6.000.000,00 |
|
LAST REGISTER OF CAPITAL: |
04/09/2013 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
JOSE TRUJILLO RODRIGUEZ |
MANAGING PARTNER |
|
MANUEL TRUJILLO MEDINA |
MANAGING PARTNER |
AUTHORIZED USE OF SIGNATURE
|
THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
JOSE TRUJILLO RODRIGUEZ |
R$ 5.700.000,00 |
|
MANUEL TRUJILLO MEDINA |
R$ 300.000,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
NOT AVAILABLE. |
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON OCTOBER 20, 1970 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 HAS THE ISO 9001 CERTIFICATION ISSUED BY BSI -
"BRITISH STANDARDS INSTITUTION MANAGEMENT SYSTEMS". PARTNERS: JOSE TRUJILLO RODRIGUEZ: SPANISH, MARRIED, ENTREPRENEUR, HOLDER OF
DOCUMENTS CPF 460.215.078-00 AND RNE W135133-8 DPF RESIDENTIAL ADDRESS AT RUA
MINISTRO GABRIEL DE RESENDE PASSOS 60, ATPO 111, MOEMA, ZIP CODE 04521-020,
SAO PAULO/SP; MANUEL TRUJILLO MEDINA: SPANISH, MARRIED, ENTREPRENEUR, HOLDER OF
DOCUMENTS CPF 460.214.778-04 AND RG W135152-4 DPF, RESIDENTIAL ADDRESS AT RUA
FREI ROLIM 128, BOSQUE DA SAÚDE, ZIP CODE 04151-000, SAO PAULO/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC RECORDS
INFORMATION: |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
5 |
FEDERAL LAWSUITS |
10/10/16 |
2ªVARA DE SP-SAO BERNARDO DO CAMPO |
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 |
6.816.541,70 |
2.557.003,02 |
4.042.428,96 |
|
CLIENTS |
41.836.723,26 |
38.254.429,74 |
36.703.003,51 |
|
RECOVERABLE TAXES |
10.646.562,76 |
10.308.366,68 |
9.977.122,20 |
|
INVENTORY |
24.105.651,08 |
18.118.783,10 |
38.772.828,38 |
|
ADVANCE TO SUPPLIERS |
9.302.611,45 |
10.018.708,14 |
1.254.628,45 |
|
ADVANCES |
427,92 |
427,92 |
427,92 |
|
CREDITS |
3.706.430,90 |
3.681.430,90 |
3.646.186,10 |
|
TAXES IN ADVANCE |
54.847,87 |
54.847,87 |
54.847,87 |
|
JUDICIAL DEPOSITS |
1.556.554,91 |
1.085.298,25 |
988.535,87 |
|
CURRENT ACCOUNTS |
127.783,18 |
1.126.171,12 |
1.145.437,03 |
|
PRE PAID EXPENSES |
41.900,90 |
167.603,90 |
293.306,90 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
98.196.035,93 |
85.373.070,64 |
96.878.753,19 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
JUDICIAL DEPOSITS |
244.430,92 |
242.430,92 |
239.730,92 |
|
CREDITS |
6.576,06 |
6.576,06 |
6.576,06 |
|
CURRENT ACCOUNT |
|
434.912,61 |
423.217,87 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
251.006,98 |
683.919,59 |
669.524,85 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
2.755.164,63 |
2.755.164,63 |
2.755.164,63 |
|
FIXED ASSETS |
24.912.204,94 |
27.842.772,66 |
34.332.854,62 |
|
INTANGIBLE |
|
|
1.752,96 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
27.667.369,57 |
30.597.937,29 |
37.089.772,21 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
126.114.412,48 |
116.654.927,52 |
134.638.050,25 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2016 |
31/12/2015 |
31/12/2014 |
|
|
|
|
|
|
SUPPLIERS |
29.699.381,25 |
25.860.977,03 |
15.226.258,08 |
|
TRIBUTARY OBLIGATIONS |
640.201,45 |
118.573,82 |
387.667,02 |
|
LABOR OBLIGATIONS |
|
1.989,72 |
160.695,32 |
|
SOCIAL OBLIGATIONS |
280.266,49 |
243.455,60 |
367.514,98 |
|
PROVISIONS |
506.954,60 |
692.498,26 |
2.088.963,06 |
|
ADVANCE FROM CLIENTS |
20.444.499,54 |
10.223.949,22 |
3.095.984,58 |
|
ACCOUNTS PAYABLE |
|
8.902,32 |
8.902,32 |
|
CURRENT ACCOUNTS |
9.300.000,00 |
8.300.000,00 |
6.200.000,00 |
|
FINANCING |
41.900,90 |
167.603,90 |
125.702,94 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
60.913.204,23 |
45.617.949,87 |
27.661.688,30 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
CURRENT ACCOUNT |
2.090.000,00 |
2.000.000,00 |
|
|
FINANCING |
|
|
167.603,96 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
2.090.000,00 |
2.000.000,00 |
167.603,96 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
6.000.000,00 |
6.000.000,00 |
6.000.000,00 |
|
PROFIT RESERVES |
4.501.853,70 |
4.501.853,70 |
4.501.853,70 |
|
ACCRUED PROFIT (LOSS) |
84.064.172,98 |
89.494.942,69 |
90.538.206,90 |
|
PROFIT (LOSS) OF PERIOD |
-31.454.818,43 |
-30.959.818,74 |
5.768.697,39 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
63.111.208,25 |
69.036.977,65 |
106.808.757,99 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
126.114.412,48 |
116.654.927,52 |
134.638.050,25 |
|
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 |
239.537.017,06 |
243.813.311,66 |
357.996.833,99 |
|
(-) TAXES ON SALES |
11.621.911,76 |
13.351.749,89 |
24.643.652,96 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
227.915.105,30 |
230.461.561,77 |
333.353.181,03 |
|
(-) COST OF SOLD GOODS |
165.118.673,46 |
190.844.631,57 |
247.450.239,83 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
62.796.431,84 |
39.616.930,20 |
85.902.941,20 |
|
OPERATING REVENUE (EXPENSE) |
-60.881.172,79 |
-73.188.237,33 |
-78.188.451,94 |
|
FINANCIAL REVENUE(EXPENSE) |
-2.684.555,19 |
2.611.488,39 |
1.019.870,93 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
-769.296,14 |
-30.959.818,74 |
8.734.360,19 |
|
CONTRIBUTION/INCOME TAX |
|
|
-2.965.662,80 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
-769.296,14 |
-30.959.818,74 |
5.768.697,39 |
|
MONTHLY SALES |
|||
|
|
2017 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 21.202.172,91 |
|
|
|
FEBRUARY |
R$ 27.487.503,93 |
|
|
|
MARCH |
R$ 24.756.976,03 |
|
|
|
APRIL |
R$ 21.404.385,90 |
|
|
|
MAY |
R$ 30.366.692,86 |
|
|
|
JUNE |
R$ 25.499.396,82 |
|
|
|
JULY |
R$ 24.834.003,72 |
|
|
|
AUGUST |
R$ 26.032.421,27 |
|
|
|
SEPTEMBER |
R$ 27.491.101,33 |
|
|
|
OCTOBER |
R$ 30.012.788,36 |
|
|
|
NOVEMBER |
R$ 25.784.536,85 |
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$
284.871.979,98 |
|
|
|
RATIOS: |
31/12/2016 |
31/12/2015 |
31/12/2014 |
|
QUICK RATIO |
1,22 |
|
1,47 |
|
2,10 |
|
|
CURRENT RATIO |
1,61 |
|
1,87 |
|
3,50 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
5,45 |
TIMES |
6,02 |
TIMES |
9,08 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
66,08 |
DAYS |
59,76 |
DAYS |
39,64 |
DAYS |
|
INVENTORY TURNOVER |
6,85 |
TIMES |
10,53 |
TIMES |
6,38 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
64,75 |
DAYS |
48,78 |
DAYS |
22,15 |
DAYS |
|
RETURN ON ASSETS |
1,81 |
TIMES |
1,98 |
TIMES |
2,48 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
3,61 |
TIMES |
3,34 |
TIMES |
3,12 |
TIMES |
|
NET WORTH TIE-UP |
,39 |
|
,40 |
|
,32 |
|
|
INDEBTEDNESS |
1,00 |
|
,69 |
|
,26 |
|
|
EQUITY RATIO |
50,04 |
% |
59,18 |
% |
79,33 |
% |
|
WORKING CAPITAL RATIO |
61,21 |
% |
87,15 |
% |
250,23 |
% |
|
GENERAL SOLVENCY |
2,00 |
|
2,45 |
|
4,84 |
|
|
RETURN ON NET EQUITY |
-1,22 |
% |
-44,85 |
% |
5,40 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
-,34 |
% |
-13,43 |
% |
1,73 |
% |
|
GROSS PROFIT MARGIN |
27,55 |
% |
17,19 |
% |
25,77 |
% |
|
OPERATIONAL RESULT |
-,34 |
% |
-13,43 |
% |
2,62 |
% |
|
SALES TURNOVER ON LIABILITIES |
3,74 |
TIMES |
5,05 |
TIMES |
12,05 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
COMMENTS ON THE FINANCIAL INFORMATION |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A REGULAR FINANCIAL STANDING. THE LEVEL OF
INDEBTEDNESS IS SOMEHOW HIGH BUT IT IS NOTED GOOD LIQUIDITY RATIOS AND
POSITIVE WORKING CAPITAL AMOUNT. ON THE OTHER HAND IT SHOWS DROP IN SALES AND
POSTED NEGATIVE RESULT. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 584.724,96
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 32.761.491,75
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 47.283.696,63
INSURANCE
|
NOT AVAILABLE. |
BANKING REFERENCES
|
BANCO ITAU S/A |
|
|
|
BANCO BRADESCO S/A |
PIRAPORINHA / 11 4066-2455 |
DIADEMA/SP |
|
BANCO DO BRASIL 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 SCRAP. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
DOES NOT HAVE. |
EXPORTS TO:
|
EUROPE AND ASIA |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
CITY: |
PHONE: |
|
AÇOS VILLARES |
PINDAMONHANGABA/SP |
19 3864-8000 |
|
ARCELOR BRASIL (BELGO MINEIRA) |
PIRACICABA/SP |
19 3429-3100 |
|
COMPANHIA SIDERÚRGICA NACIONAL |
VOLTA REDONDA/RJ |
24 3344-6000 |
|
FUNDIÇÃO TUPY |
JOINVILLE/SC |
47 3441-8181 |
|
VOTORANTIM METAIS (SIDERÚRGICA BARRA MANSA) |
BARRA MANSA/RJ |
24 3324-9655 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 270 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT WAS ESTABLISHED IN 1970. SO FAR IT HAS A CLEAR TARDE
HISTORY AND GOOD PAYMENT BEHAVIOUR. 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. 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.
NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUITS DO NOT AFFECT THE COMPANY'S
TRADE REPUTATION. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
|
|
ACE SCHMERSAL ELETROELETRONICA INDL LTDA |
|
|
|
CDC BRASIL DISTRIBUIDORA LTDA |
|
|
|
DELMANO SOLUÇÕES EM MRO LTDA |
|
|
|
FORD BRASIL |
SÃO BERNARDO DO CAMPO/SP |
11 4174-8855 |
|
IRENILDA MARIA DE SIQUEIRA LIMA |
|
|
|
PANDURATA ALIMENTOS LTDA |
|
|
|
PINDUCA INDUSTRIA DE ALIMENTOS LTDA |
|
|
|
POMGAR COM REPRES SERV AUTO PEÇAS LTDA |
|
|
|
SIFCO S/A. |
JUNDIAÍ/SP |
11 4588-1500 |
|
TINTAS MC LTDA |
|
|
|
TUBOS IPIRANGA INDUSTRIA E COMERCIO LTDA |
|
|
|
VOLKSWAGEN DO BRASIL |
SÃO BERNARDO CAMPO/SP |
11 4347-2355 |
|
PAYMENT HISTORY: |
|
15 SUPPLIERS REPORTED PAYMENTS: |
|
AMOUNT OF INVOICES PAID: 60 |
|
TOTAL OF PROMPT PAYMENTS: 99,5% |
|
TOTAL OF DELAYED PAYMENTS: 0,5% |
|
|
|
HIGHEST INVOICE: R$ 257.810,00 |
|
HIGHEST CREDIT: R$ 257.810,00 |
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 65.23 |
|
|
1 |
INR 89.71 |
|
Euro |
1 |
INR 79.50 |
|
BRL |
1 |
INR 20.01 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
NIT |
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.