|
|
|
MIRA INFORM REPORT
|
Report No. : |
498324 |
|
Report Date : |
30.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
OXITENO NORDESTE SA INDUSTRIA E COMERCIO |
|
|
|
|
Registered Office : |
Rua Benzeno,1065 - Pólo Petroquimico De Camaçari, 42810-000 -
Camaçari/Ba |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
22.08.1974 |
|
|
|
|
Legal Form : |
Privately Held Corporation |
|
|
|
|
Line of Business : |
Manufacture of Chemicals and Petrochemicals. |
|
|
|
|
No. of Employees : |
500 |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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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
|
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 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
OXITENO
NORDESTE SA INDUSTRIA E COMERCIO
ADDRESSES
|
|
MAIN ADDRESS: |
RUA BENZENO,1065 - PÓLO PETROQUIMICO DE CAMAÇARI |
|
ZIP CODE/CITY: |
42810-000 - CAMAÇARI/BA |
|
|
|
|
PHONE: |
71 3632-1049 |
|
E-MAIL: |
jclayber@oxiteno.com.br |
|
WEB SITE: |
www.oxiteno.com.br |
|
INQUIRY DETAILS: |
|
|
|
|
|
GIVEN NAME: |
OXITENO NORDESTE S/A |
|
CORRECT NAME: |
THE COMPLETE NAME IS STATED AT THE CAPTION. |
|
|
|
|
GIVEN ADDRESS: |
INDÚSTRIA E COMÉRCIO CNPJ: 14.109.664/0001-06 RUA BENZENO 1065
CAMACARI BA BR |
|
CORRECT ADDRESS: |
THE CORRECT ADDRESS IS STATED AT THE CAPTION. |
|
|
|
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
AV BRIGADEIRO LUÍS ANTONIO,1343 - BELA VISTA |
|
ZIP CODE/CITY: |
01317-910 SÃO PAULO/SP |
|
PHONE: |
11 3177-6075 |
|
|
|
|
ADDRESS: |
BR 386, RODOVIA TABAI / CANOAS S/N, KM 419, LOTE,7 |
|
ZIP CODE/CITY: |
98853-000 TRIUNFO/RS |
LEGAL
DATA
|
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF CHEMICALS AND PETROCHEMICALS. |
|
LEGAL FORM: |
PRIVATELY
HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
22/08/1974 |
|
REGISTER DATE: |
22/08/1974 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
14.109.664/0001-06 |
|
STATE REGISTER: |
01.205.92-NO |
|
|
|
|
SHARE CAPITAL: |
R$
946.651.964,00 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
JOÃO BENJAMIN PAROLIN |
SUPERVISING DIRECTOR |
|
THILO HELMUT GEORG MANNHARDT |
PRESIDENT DIRECTOR |
|
FLAVIO DO COUTO BEZERRA CAVALCANTI |
DIRECTOR |
|
ANA PAULA SANTORO CORIA |
DIRECTOR |
|
ANDREA CAMPOS SOARES |
DIRECTOR |
AUTHORIZED
USE OF SIGNATURE
|
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
OXITENO S/A. INDUSTRIA E COMERCIO |
99,99% |
|
OTHERS |
0,01% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS
HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
OLEOQUIMICA INDUSTRIA E
COMERCIO DE PRODUTOS QUIMICOS LTDA |
|
COMPANY'S
BACKGROUND
|
|
THE SUBJECT WAS ESTABLISHED ON AUGUST 22, 1974 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. THE SUBJECT IS A WHOLE-OWNED SUBSIDIARY OF OXITENO GROUP. OXITENO, CONTROLLED BY ULTRA GROUP, IS ONE OF THE BRAZILIAN LARGEST
CHEMICAL COMPANIES, OPERATING IN BRAZIL AND ABROAD. THE PRODUCTIVE OPERATIONS
OF ITS FOUR PLANS ARE COMPLETELY INTEGRATED. ITS OPERATIONS INCLUDE COMMODITIES AND CHEMICAL SPECIALITIES, AND ITS
PRODUCTS ARE DESTINATED TO OVER 30 MARKET WITH MORE EMPHASIS ON THE
AGROCHEMICAL, FOODSTUFFS, COSMETICS, LEATHER, HOUSEHOLD , PACKING FOR
BEVERAGES, POLYESTER FILAMENTS AND FIBRES, BRAKE FLUIDS, PETROLEUM, PAINT AND
VARNISH INDUSTRIES. TWO PERCENT OF ANNUAL REVENUES ARE INVESTED IN RESEARCH AND
DEVELOPMENT, THUS CONTINUALLY ENHANCING CUSTOMER ASSISTANCE AS WELL AS
DEVELOPMENT OF NEW PRODUCTS AND APPLICATIONS. OXITENO IS THE FIRST COMPANY IN BRAZIL, IN ITS FIELD, TO OBTAIN THE QS
9000/98 QUALITY CERTIFICATE REQUESTED BY THE PRINCIPAL CARMAKERS AND
PRODUCERS OF AUTO PARTS. THE OBJECTIVE OF OXITENO'S QUALITY SYSTEM IS TO GUARANTEE THE QUALITY
OF ITS PRODUCTS AND SERVICES IN ORDER TO MEET THE NEEDS AND EXPECTATIONS OF
THE COMPANY'S CLIENTS. THE CERTIFICATION OBTAINED IN ALL AREAS IS THE FIRST STEP IN OXITENO'S
IMPLEMENTATION OF ITS TOTAL QUALITY PROGRAM. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS. JOSE CARLOS LAYBER,
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 RECORDS. NO FURTHER DATA WAS AVAILABLE WITH SEVERAL
SOURCES USUALLY INVESTIGATED. |
|
PUBLIC RECORDS
INFORMATION: |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
2 |
FEDERAL LAWSUITS |
29/09/14 |
19ª VARA DE BA-SALVADOR |
|
1 |
STATE LAWSUIT |
05/10/16 |
9ª VARA DE BA-SALVADOR |
FINANCIAL
INFORMATION
|
|
GENERAL BALANCE SHEETS AS OF 31/12/2016, 31/12/2015 AND 31/12/2014. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2016 |
31/12/2015 |
31/12/2014 |
|
|
|
|
|
|
CASH AND BANKS |
425.185 |
363.535 |
217.832 |
|
INVESTMENTS |
73.943 |
123.765 |
124.656 |
|
CLIENTS |
186.151 |
252.124 |
210.874 |
|
INVENTORY |
201.907 |
222.989 |
166.247 |
|
RECOVERABLE TAXES |
55.095 |
47.454 |
45.522 |
|
PREPAID EXPENSES |
3.149 |
4.818 |
4.630 |
|
OTHER |
1.122 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
946.552 |
1.014.685 |
769.761 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
CLIENTS |
310 |
310 |
310 |
|
DEFERRED TAXES |
39.431 |
40.886 |
36.911 |
|
RECOVERABLE TAXES |
15.721 |
1.566 |
1.092 |
|
JUDICIAL DEPOSITS |
99.972 |
92.547 |
84.987 |
|
PRE PAID EXPENSES |
431 |
666 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
155.865 |
135.975 |
123.300 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
16.487 |
16.727 |
16.661 |
|
FIXED ASSETS |
537.297 |
555.644 |
580.713 |
|
INTANGIBLE |
970 |
2.203 |
4.460 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
554.754 |
574.574 |
601.834 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
1.657.171 |
1.725.234 |
1.494.895 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2016 |
31/12/2015 |
31/12/2014 |
|
|
|
|
|
|
LOANS AND FINANCING |
87.304 |
192.654 |
167.636 |
|
SUPPLIERS |
71.308 |
137.581 |
109.455 |
|
SOCIAL / LABOR OBLIGATIONS |
11.804 |
21.842 |
11.102 |
|
TRIBUTARY OBLIGATIONS |
5.262 |
5.013 |
5.539 |
|
DIVIDENDS |
84 |
151 |
130 |
|
INCOME TAX/SOCIAL CONTRIBUTION |
2.073 |
19.049 |
11.448 |
|
OTHER DEBTS |
9.303 |
12.304 |
8.625 |
|
LABOR PROVISIONS |
3.421 |
2.465 |
7.805 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
190.559 |
391.059 |
321.740 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
260.479 |
179.136 |
60.732 |
|
RELATED COMPANIES |
2.946 |
3.045 |
3.045 |
|
DEFERRED TAXES |
|
|
2.047 |
|
PROVISION FOR CONTINGENCIES |
101.803 |
93.335 |
85.910 |
|
LABOR OBLIGATIONS |
2.343 |
946 |
793 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
367.571 |
276.462 |
152.527 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
888.426 |
848.029 |
811.775 |
|
OTHER COMPREHENSIVE INCOME |
413 |
516 |
531 |
|
REVALUATION RESERVES |
114 |
126 |
139 |
|
PROFIT RESERVES |
210.088 |
152.847 |
114.343 |
|
DIVIDENDS |
|
56.195 |
93.840 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
1.099.041 |
1.057.713 |
1.020.628 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
1.657.171 |
1.725.234 |
1.494.895 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2016, 31/12/2015 AND 31/12/2014. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
31/12/2016 |
31/12/2015 |
31/12/2014 |
|
|
|
|
|
|
NET SALES |
2.093.806 |
2.139.669 |
1.893.103 |
|
(-) COST OF SOLD GOODS |
1.663.984 |
1.571.912 |
1.505.019 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
429.822 |
567.757 |
388.084 |
|
OPERATING REVENUE (EXPENSE) |
-157.536 |
-171.011 |
-149.679 |
|
FINANCIAL REVENUE(EXPENSE) |
19.925 |
-3.531 |
-2.443 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
292.211 |
393.215 |
235.962 |
|
CONTRIBUTION/INCOME TAX |
-54.707 |
-74.169 |
-41.267 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
237.504 |
319.046 |
194.695 |
|
RATIOS: |
31/12/2016 |
31/12/2015 |
31/12/2014 |
|
QUICK RATIO |
3,91 |
|
2,02 |
|
1,88 |
|
|
CURRENT RATIO |
4,97 |
|
2,59 |
|
2,39 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
11,25 |
TIMES |
8,49 |
TIMES |
8,98 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
32,01 |
DAYS |
42,42 |
DAYS |
40,10 |
DAYS |
|
INVENTORY TURNOVER |
8,24 |
TIMES |
7,05 |
TIMES |
9,05 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
15,43 |
DAYS |
31,51 |
DAYS |
26,18 |
DAYS |
|
RETURN ON ASSETS |
1,26 |
TIMES |
1,24 |
TIMES |
1,27 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
1,91 |
TIMES |
2,02 |
TIMES |
1,85 |
TIMES |
|
NET WORTH TIE-UP |
,49 |
|
,53 |
|
,57 |
|
|
INDEBTEDNESS |
,51 |
|
,63 |
|
,46 |
|
|
EQUITY RATIO |
66,32 |
% |
61,31 |
% |
68,27 |
% |
|
WORKING CAPITAL RATIO |
396,72 |
% |
159,47 |
% |
139,25 |
% |
|
GENERAL SOLVENCY |
2,97 |
|
2,58 |
|
3,15 |
|
|
RETURN ON NET EQUITY |
21,61 |
% |
30,16 |
% |
19,08 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
11,34 |
% |
14,91 |
% |
10,28 |
% |
|
GROSS PROFIT MARGIN |
20,53 |
% |
26,53 |
% |
20,50 |
% |
|
OPERATIONAL RESULT |
13,96 |
% |
18,38 |
% |
12,46 |
% |
|
SALES TURNOVER ON LIABILITIES |
10,99 |
TIMES |
5,47 |
TIMES |
5,88 |
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 NORMAL FINANCIAL STANDING. IT SHOWS HIGH LIQUIDITY
RATIOS AND POSITIVE WORKING CAPITAL, AS WELL AS LOW LEVEL OF INDEBTEDNESS. IN
ADDITION, IT IS NOTED DROP IN SALES BUT POSTED PROFITABILITY. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
INSURANCE
|
|
NOT AVAILABLE. |
BANKING
REFERENCES
|
|
|
|
|
|
BANCO ITAÚ (UNIBANCO) S.A |
|
|
|
BANCO ITAÚ S.A. |
0912 / 11 3708-2540 |
|
|
BANCO BRADESCO S/A |
2374 / 11 2178-4654 |
|
|
BANCO ITAUBANK S/A |
/ 11 3118-6625 |
|
|
BANCO DO BRASIL S/A |
3132-1 / 11 2128-7197 |
|
|
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
|
|
THE SUBJECT IS ENGAGED IN THE INDUSTRY AND TRADE OF CHEMICALS AND
PETROCHEMICALS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
CITY: |
PHONE: |
|
CLARIANT S/A |
SAO PAULO/SP |
11 4745-8121 |
|
COGNIS BRASIL LTDA |
JACAREÍ/SP |
|
|
FIBRA S.A. |
AMERICANA/SP |
|
|
MILENIA AGROCIENCIAS S/A |
LONDRINA/PR |
43 3371-9053 |
|
MONSANTO DO BRASIL LTDA |
SAO JOSE DOS CAMPOS/SP |
12 2134-7601 |
|
PROPPET S.A. |
CAMAÇARI/BA |
|
|
RHODIA - STER FIPACK S.A. |
SANTO ANDRÉ/SP |
|
|
SYNGENTA PROTEÇÃO DE CULTIVOS LTDA |
SAO PAULO/SP |
11 5643-2322 |
|
UNION CARBIDE QUÍMICA LTDA |
SÃO PAULO/SP |
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 500 EMPLOYEE(S) |
CONCEPT
AND FULFILMENT
|
|
THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY IN BUSINESS SINCE
1974 WITH A CLEAR TRADE HISTORY AND A GOOD PAYMENT BEHAVIOR. THE COMPANY HAS TRADE RELATIONS WITH SOME LOCAL SUPPLIERS AND IS GRANTED
CREDIT FACILITIES BY ITS SUPPLIERS IN TERMS AND AMOUNTS ADEQUATE TO ITS
NEEDS. SO FAR MOST OF THE SUPPLIERS WHICH PROVIDED INFORMATION REPORTED
PROMPT PAYMENTS AND THE SUBJECT HAS AN EXCELLENT TRADE REPUTATION. 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: |
CITY: |
PHONE: |
|
AKZO NOBEL LTDA |
ITUPEVA/SP |
11 4595-8966 |
|
BRASKEM S/A |
TRIUNFO/RS |
51 3457-6104 |
|
COMPANHIA DE GAS DA BIHIA |
SALVADOR/BA |
71 3206-6000 |
|
COPENE-PETROQUÍMICA DO NORDESTE S.A. |
CAMAÇARI/BA |
|
|
COPESUL- COMPANHIA PETROQUIMICA DO SUL |
TRIUNFO/RS |
|
|
GREIF EMBALAGENS INDUSTRIAIS DO BRASIL LTDA |
SANTO AMARO/SP |
11 5694-9800 |
|
METALBASA-METALÚRGICA DA BAHIA S.A. |
FRANCISCO DO CONDE/BA |
71 2102-3164 |
|
RHODIA DO BRASIL LTDA |
SÃO PAULO/SP |
|
|
UNIPAR-COMERCIAL E DIDTRIBUIDORA S.A. |
MAUÁ/SP |
|
|
WHHITE MARTINS GASES INDUSTRIAIS S.A. |
CAMAÇARI/BA |
71 3634-8009 |
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
PHONE: |
|
OXEA CORPORATION |
UNITED STATES |
+52 (55) 5480-9126 |
|
PAYMENT HISTORY: |
|
14 SUPPLIERS REPORTED PAYMENTS: |
|
AMOUNT OF INVOICES PAID: 105 |
|
TOTAL OF PROMPT PAYMENTS: 99,3% |
|
TOTAL OF DELAYED PAYMENTS: 0,7% |
|
|
|
HIGHEST INVOICE: R$ 243.490,00 |
|
HIGHEST CREDIT: R$ 243.490,00 |
FINAL
OPINION
|
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. UP TO DATE IT HAS GOOD FINANCIAL STANDING, A CLEAR TRADE HISTORY AND
GOOD PAYMENT PERFORMANCE. BASED ON THE GENERAL INFORMATION AVAILABLE ITS 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 65.04 |
|
|
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
|
BRL |
1 |
INR 19.70 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
TPT |
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.