|
|
|
MIRA
INFORM REPORT
|
Report No. : |
510130 |
|
Report Date : |
19.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
GRANOTEC PERU SA |
|
|
|
|
Registered Office : |
Avenida Los Ingenieros No. 112, Urbanización Santa Raquel 2da. Etapa,
Ate Vitarte |
|
|
|
|
Country : |
Peru |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
27.03.1995 |
|
|
|
|
Com. Reg. No.: |
03021961 |
|
|
|
|
Legal Form : |
Stock Company |
|
|
|
|
Line of Business : |
Subject is engaged in Production and trade of inputs for the food industry. |
|
|
|
|
No. of Employees : |
38 |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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) |
|
Peru |
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 |
PERU - ECONOMIC OVERVIEW
Peru's economy reflects its varied topography - an arid lowland coastal region, the central high sierra of the Andes, and the dense forest of the Amazon. A wide range of important mineral resources are found in the mountainous and coastal areas, and Peru's coastal waters provide excellent fishing grounds. Peru is the world's second largest producer of silver and copper.
The Peruvian economy grew by an average of 5.6% per year from 2009-13 with a stable exchange rate and low inflation. This growth was due partly to high international prices for Peru's metals and minerals exports, which account for 55% of the country's total exports. Growth slipped from 2014 to 2017, due to weaker world prices for these resources. Despite Peru's strong macroeconomic performance, dependence on minerals and metals exports and imported foodstuffs makes the economy vulnerable to fluctuations in world prices.
Peru's rapid expansion coupled with cash transfers and other programs have helped to reduce the national poverty rate by over 35 percentage points since 2004, but inequality persists and continued to pose a challenge for the Ollanta HUMALA administration, which championed a policy of social inclusion and a more equitable distribution of income. Poor infrastructure hinders the spread of growth to Peru's non-coastal areas. The HUMALA administration passed several economic stimulus packages in 2014 to bolster growth, including reforms to environmental regulations in order to spur investment in Peru’s lucrative mining sector, a move that was opposed by some environmental groups. However, in 2015, mining investment fell as global commodity prices remained low and social conflicts plagued the sector.
Peru's free trade policy continued under the HUMALA administration; since 2006, Peru has signed trade deals with the US, Canada, Singapore, China, Korea, Mexico, Japan, the EU, the European Free Trade Association, Chile, Thailand, Costa Rica, Panama, Venezuela, Honduras, concluded negotiations with Guatemala and the Trans-Pacific Partnership, and begun trade talks with El Salvador, India, and Turkey. Peru also has signed a trade pact with Chile, Colombia, and Mexico, called the Pacific Alliance, that seeks integration of services, capital, investment and movement of people. Since the US-Peru Trade Promotion Agreement entered into force in February 2009, total trade between Peru and the US has doubled. President Pedro Pablo KUCZYNSKI succeeded HUMALA in July 2016 and is focusing on economic reforms and free market policies aimed at boosting investment in Peru. Mining output increased significantly in 2016-17, which helped Peru attain one of the highest GDP growth rates in Latin America, and Peru should maintain strong growth in 2018. However, economic performance was depressed by delays in infrastructure mega-projects and the start of a corruption scandal associated with a Brazilian firm. Massive flooding in early 2017 also was a drag on growth, offset somewhat by additional public spending aimed at recovery efforts.
|
Source
: CIA |
Company name and address
|
COMPANY NAME |
GRANOTEC PERU SA |
|
TRADE NAME |
GRANOTEC |
|
TAX ID. TYPE |
RUC |
|
TAX ID. NUMBER |
20263019807 |
|
CURRENT STATUS |
Active |
|
MAIN ADDRESS |
Avenida Los Ingenieros No. 112, Urbanización Santa
Raquel 2da. Etapa, Ate Vitarte |
|
CITY/PROVINCE/STATE |
Lima 3 |
|
PHONE NUMBER(S) |
(51-1) 349.7788/349.1404 |
|
FAX NUMBER(S) |
(51-1) 349.6307 |
|
EMAIL |
ventas@granotec.com.pe |
|
WEBSITE REMARKS OF IDENTIFICATION |
Another e-mail address: gpev@granotec.com.pe This report was requested with address: Av. Los
Ingenitros No.112 Urb. Santa Raquel
2da Etapa Lima Peru. Please note that the correct address is shown above. |
|
CREDIT
OPINION |
|
Industrial company of renowned prestige deemed to be
operating satisfactorily. No detrimental records were found. |
LEGAL INFORMATION
|
TYPE OF COMPANY |
Stock Company |
|
INCORPORATION DATE |
27/03/1995 |
|
REGISTERED IN |
Lima |
|
REGISTRATION |
Certificate No. 03021961 of the Registry of Legal
Persons of Lima |
|
DURATION |
Unlimited |
|
PAID-UP CAPITAL |
S/.1,608,640.00 Soles |
|
LAST CAPITAL INCREASE |
20/09/2011 |
|
NET WORTH |
S/.6,025,177.00 (as of 31/12/2016) |
|
LISTED AT STOCK EXCHANGE |
NO |
LEGAL ASPECTS
The subject is member of the following organizations:
International Association for Cereal, Science and
Technology
American Association of Cereal Chemists
COMMENTS ON RELATED COMPANIES.
The subject is part of the GRUPO GRANOTEC, Chilean
group with solid presence in Latin America. It has technological centers in
Argentina and Brazil (since 1991), Peru (1995), Uruguay (2000), Ecuador (2001)
and Mexico (2002).
Through its representatives, the Grupo Granotec has
presence in all Latin America, gathering countries like Paraguay, Bolivia,
Venezuela, Colombia and other countries of Central America and the Caribbean.
Some companies of this group are:
RELATED COMPANIES |
||
|
COMPANY NAME |
TAX ID. NUMBER |
COUNTRY |
|
DRESDEN
LAB SAC |
RUC
20507165461 |
PERU |
|
GRANOTEC
CHILE SA |
RUT
96.506.730-2 |
CHILE |
|
GRANOTEC
ECUADOR SA GRANOTECUA |
RUC
0992155663001 |
ECUADOR |
|
GRANOTEX
MEXICO SA DE CV |
RFC
GME-020209-AY2 |
MEXICO |
|
INVERSIONES
INMOBILIARIAS CENTRALES SA |
RUC
20520470132 |
PERU |
BOARD OF DIRECTORS, EXECUTIVES AND SHAREHOLDERS
|
NAME |
JOB TITLE |
STAKE |
|
GONZALEZ ORTIZ, MIGUEL ANGEL |
President |
|
|
PAGOLA HOLLEMART, NICOLE |
Director |
|
|
FUNCKE CIRIANI, BRUNO ALBERTO |
Director |
|
|
FUNCKE CIRIANI, WALTER RICHARD |
Director/General Manager |
|
|
ACEVEDO, GUILLERMO |
Trade Manager |
|
|
GONZALEZ, MILUSKA |
Technical Manager |
|
|
ASOREY AIROLDI, MARCELO LUIS |
Proxy |
|
|
BAZALAR PALACIN, ZOILA ISABEL |
Proxy |
|
|
INVERSIONES QUEENCORP SA |
Shareholder |
50% |
|
DRESDEN CORP SAC |
Shareholder |
50% |
DATA OF BOARD OF DIRECTORS, EXECUTIVES AND SHAREHOLDERS
FUNCKE CIRIANI, WALTER RICHARD
Peruvian, ID No. 07829206. He studied at:
Instituto Tecnológico Autónomo de México / ITAM
ASOREY AIROLDI, MARCELO LUIS
Peruvian, ID No. 07563063.
BAZALAR PALACIN, ZOILA ISABEL
Peruvian, ID No. 08607413.
INVERSIONES QUEENCORP SA
Chilean company situated in El Rosal No. 4644,
Huechuraba, Santiago.
DRESDEN CORP SAC
Peru, RUC 20601167230. It is situated in Av. Los Libertadores No. 395, Urb. San Isidro, Lima. Its Legal Representative is Mr. Walter Funcke Ciriani.
OPERATIONS
|
SECTOR |
C- Manufacturing Industries |
|
ACTIVITY |
Production of inputs |
|
ISIC CATEGORY |
32- Other manufacturing industries |
|
ISIC CLASS |
3290- Other manufacturing industries |
|
MAIN ACTIVITY |
Production and trade of inputs for the food
industry. |
|
% SALES IN CASH |
20% |
|
% SALES ON CREDIT |
80% (terms at 30, 60 days) |
|
% TERRITORY OF SALES |
98% (national market) |
|
% FOREIGN SALES |
2% |
|
% DOMESTIC PURCHASES |
10% |
|
% FOREIGN PURCHASES |
90% |
|
N. OF EMPLOYEES |
38 |
LOCATION
ADMINISTRATIVE OFFICES, TAX DOMICILE & PLANT:
Located at the heading address, in industrial zone of the city. Two-story
premises with 700 sq.m. of area, owned by INVERSIONES INMOBILIARIAS CENTRALES
SA (related company). Premises occupied since 09/02/1999.
Prior address: Av. Republica de Panama No. 3581, San
Isidro, Lima 27.
COMMENTS OF OPERATIONS
Operations are made directly.
It imports food inputs: Wheat gluten, Phosphates,
Peptones and its derivatives, acyclic polycarboxylic acids and others. Imports
are made against direct credit at 90 days.
It exports eventually pancreatic enzymes and its
concentrates, calcium phosphates, among others.
It counts with 300 clients including:
INSUMOS ALIMENTICIOS HENSIL SRL
P & D ANDINA ALIMENTOS SA
CORPORACION ORO VERDE SAC
QUIMICA INDUSTRIAL J MONTES SA
INVERSIONES PERU PACIFICO SA
TEOMA LABS SAC
CORPORACION DE ALIMENTOS SAC
ALICORP SAA
SAN FERNANDO SA
DVIERI PERU SAC
PRODUCTOS VANSS SA
GLORIA SA
PESQUERA HAYDUK SA
UNIVERSIDAD PERUANA UNION
MOLITALIA SA
INTERNATIONAL BAKERY SAC
GRUPO 11 SA
ANITA FOODS SA, among others.
Main competitors:
LEVAPAN DEL PERU SA
AROMAS DEL PERU SA
MONTANA SA, among others.
FOREIGN TRADE
|
|
IMPORTS |
|
YEAR |
2018 (January – April) |
|
AMOUNT |
US$1,593,431.00 |
|
COUNTRIES |
China, Colombia, Denmark, Estonia, Finland, France,
Germany, Holland, Philippines, USA |
|
OPERATIONS |
56 |
|
|
IMPORTS |
|
YEAR |
2017 |
|
AMOUNT |
US$6,839,161.00 |
|
COUNTRIES |
Germany, China, Spain, Mexico, France, India,
Belgium, Sweden, The Philippines, Holland, Denmark |
|
OPERATIONS |
227 |
|
|
IMPORTS |
|
YEAR |
2016 |
|
AMOUNT |
US$6,508,340.96 |
|
COUNTRIES |
Belgium, Brazil, China, Colombia, Denmark, Ecuador,
Estonia, Finland, France, Germany, India, Mexico, Holland, Philippines,
Spain, Sweden, Switzerland, UK, USA |
|
OPERATIONS |
249 |
|
|
IMPORTS |
|
YEAR |
2015 |
|
AMOUNT |
US$6,851,195.00 |
|
COUNTRIES |
Australia, Belgium, Brazil, China, Colombia,
Denmark, Ecuador, Estonia, Finland, France, Germany, Japan, Lithuania, India,
Mexico, Holland, Philippines, Spain, Sweden, Switzerland, UK, USA |
|
OPERATIONS |
260 |
|
|
IMPORTS |
|
YEAR |
2014 |
|
AMOUNT |
US$5,542,391.00 |
|
COUNTRIES |
Australia, Belgium, Brazil, China, Colombia,
Denmark, Ecuador, Estonia, Finland, France, Germany, Japan, Lithuania, India,
Mexico, Holland, Philippines, Spain, Sweden, Switzerland, UK, USA |
|
OPERATIONS |
192 |
|
|
IMPORTS |
|
YEAR |
2013 |
|
AMOUNT |
US$5,106,642.82 |
|
COUNTRIES |
Australia, Belgium, Brazil, China, Colombia,
Denmark, Ecuador, Estonia, Finland, France, Germany, Japan, Lithuania, India,
Mexico, Holland, Philippines, Spain, Sweden, Switzerland, UK, USA |
|
OPERATIONS |
183 |
|
|
IMPORTS |
|
YEAR |
2012 |
|
AMOUNT |
US$6,404,078.39 |
|
COUNTRIES |
Australia, Belgium, Brazil, China, Colombia,
Denmark, Ecuador, Estonia, Finland, France, Germany, Japan, Lithuania, India,
Mexico, Holland, Philippines, Spain, Sweden, Switzerland, UK, USA |
|
OPERATIONS |
232 |
|
|
EXPORTS |
|
YEAR |
2018 (January – April) |
|
AMOUNT |
US$28,526.00 |
|
COUNTRIES |
Ecuador, Chile |
|
OPERATIONS |
2 |
|
|
EXPORTS |
|
YEAR |
2017 |
|
AMOUNT |
US$193,373.00 |
|
COUNTRIES |
Ecuador, Chile |
|
OPERATIONS |
13 |
|
|
EXPORTS |
|
YEAR |
2016 |
|
AMOUNT |
US$153,570.00 |
|
COUNTRIES |
Bolivia, Ecuador |
|
OPERATIONS |
2 |
|
|
EXPORTS |
|
YEAR |
2015 |
|
AMOUNT |
US$102,069.00 |
|
COUNTRIES |
Chile |
|
OPERATIONS |
8 |
|
|
EXPORTS |
|
YEAR |
2014 |
|
AMOUNT |
US$151,980.00 |
|
COUNTRIES |
Ecuador, Chile |
|
OPERATIONS |
8 |
FINANCIAL INFORMATION
In recent interview, Mr. Fernando Olivera (Finance
Department) kindly furnished commercial information including the Balance
Sheets as of 31/12/2016 and 31/12/2015 (12 months each one), expressed in Soles
as below:
|
GENERAL BALANCE |
|
|
Balance Date |
31/12/2016 |
|
Currency |
Soles |
|
Exchange Rate |
3.34 |
|
Current Total |
14,647,979.00 |
|
Net Fixed |
6,473,538.00 |
|
Total Assets |
21,121,517.00 |
|
Current Liabilities |
12,834,841.00 |
|
Non-current Liabilities |
2,261,499.00 |
|
Total Liabilities |
15,096,340.00 |
|
Total Equity |
6,025,177.00 |
|
Total Liabilities and Equity |
21,121,517.00 |
|
|
|
|
Balance Date |
31/12/2016 |
|
Currency |
Soles |
|
Exchange Rate |
3.34 |
|
|
|
|
Net Sales |
36,025,462.00 |
|
Profit |
2,142,205.00 |
|
RATIO OF THE BUSINESS YEAR 2016 |
|
|
Liquidity Index |
1.14 |
|
Working Capital |
S/.1,813,138.00 |
|
Indebtedness Ratio |
0.47% |
|
Profitability Ratio |
0.06% |
|
GENERAL BALANCE |
|
|
Balance Date |
31/12/2015 |
|
Currency |
Soles |
|
Exchange Rate |
3.35 |
|
Current Total |
16,988,851.00 |
|
Net Fixed |
5,825,017.00 |
|
Total Assets |
22,813,868.00 |
|
Current Liabilities |
13,877,917.00 |
|
Non-current Liabilities |
3,343,063.00 |
|
Total Liabilities |
17,220,980.00 |
|
Total Equity |
5,592,888.00 |
|
Total Liabilities and Equity |
22,813,868.00 |
|
|
|
|
Balance Date |
31/12/2015 |
|
Currency |
Soles |
|
Exchange Rate |
3.35 |
|
|
|
|
Net Sales |
32,540,682.00 |
|
Profit |
1,218,304.00 |
|
RATIO OF THE BUSINESS YEAR 2015 |
|
|
Liquidity Index |
1.23 |
|
Working Capital |
S/.3,110,934.00 Soles |
|
Indebtedness Ratio |
0.41% |
|
Profitability Ratio |
0.04% |
FINANCIAL COMMENTS
Its monthly sales are from S/.1,000,000.00 to
S/.1,100,000.00 Soles.
INSURANCE
The subject takes out an all-loss insurance policy
with RIMAC SEGUROS Y REASEGUROS SA. (Unspecified coverage amount and maturity
date).
PAYMENTS REFERENCES
|
SUPPLIER |
NATIONAL |
|
START OF THE BUSINESS |
Several years ago |
|
CREDIT TERMS |
Invoices at 30 days |
|
PRODUCTS/SERVICES |
Customs clearance |
|
COMMENTS |
It is considered a good client. Supplier: PALACIOS &
ASOCIADOS AG. AD. SA |
|
SUPPLIER |
NATIONAL |
|
START OF THE BUSINESS |
Several years ago |
|
CREDIT TERMS |
Invoices at 30 days |
|
PRODUCTS/SERVICES |
Customs clearance |
|
COMMENTS |
It is considered a good client. Supplier: AG. AD. ANTANA SA |
|
SUPPLIER |
NATIONAL |
|
START OF THE BUSINESS |
Several years ago |
|
CREDIT TERMS MONTHLY SALES |
Invoices at 30 days S/.40,000.00 |
|
PRODUCTS/SERVICES |
Customs clearance |
|
COMMENTS |
It is considered a good client. Supplier: CASOR ADUANEROS SAC |
|
SUPPLIER |
NATIONAL |
|
START OF THE BUSINESS |
Several years ago |
|
CREDIT TERMS |
Invoices at 30 days |
|
PRODUCTS/SERVICES |
It was not specified |
|
COMMENTS |
It is considered a good client. Supplier: E Y M SRL |
|
SUPPLIER |
NATIONAL |
|
START OF THE BUSINESS |
Since 2010 |
|
CREDIT TERMS |
Invoices at 30 days |
|
PRODUCTS/SERVICES |
Certification service |
|
COMMENTS |
It is considered a good client. Supplier: CERTIFICACIONES DEL
PERU SA |
|
SUPPLIER |
NATIONAL |
|
START OF THE BUSINESS |
9 years ago |
|
MONTHLY SALES |
S/.40,000.00 |
|
CREDIT TERMS |
Invoices at 45 days |
|
PRODUCTS/SERVICES |
Grains and seed |
|
COMMENTS |
It is considered a good client. Supplier: GRANOS Y SEMILLAS
BENDITOS DEL PERU SA |
|
SUPPLIER |
NATIONAL |
|
START OF THE BUSINESS |
9 years ago |
|
MONTHLY SALES |
S/.40,000.00 Soles |
|
CREDIT TERMS |
Invoices at 45 days |
|
PRODUCTS/SERVICES |
Grains and seed |
|
COMMENTS |
It is considered a good client. Supplier: GRANOS Y SEMILLAS
BENDITOS DEL PERU SA |
|
SUPPLIER |
NATIONAL |
|
START OF THE BUSINESS |
Since 2016 |
|
CREDIT TERMS |
Invoices at 30 days |
|
PRODUCTS/SERVICES |
Customs clearance |
|
COMMENTS |
It is considered a good client. Supplier: SLI ADUANAS SAC |
|
SUPPLIER |
NATIONAL |
|
START OF THE BUSINESS |
9 years ago |
|
CREDIT TERMS |
Invoices at 45 days |
|
PRODUCTS/SERVICES |
Grains and seed
|
|
COMMENTS |
It is considered a good client. Supplier: GRANOS Y SEMILLAS
BENDITOS DEL PERU SA |
|
SUPPLIER |
NATIONAL |
|
START OF THE BUSINESS |
Several years ago |
|
CREDIT TERMS |
Invoices at 30 days |
|
PRODUCTS/SERVICES |
Customs clearance |
|
COMMENTS |
It is considered a good client. Supplier: ADUALINK SAC |
|
LOCAL SUPPLIERS |
Phone Number |
Contact Name |
|
ADUALINK SAC |
|
Pedro
Miranda |
|
AGENCIA
DE ADUANA ANTANA SA |
(51-1)
452.1501 |
Lucy Reyes |
|
ALEFERO OPERADOR INTERNACIONAL
SAC |
|
|
|
CASOR
ADUANEROS SAC |
(51-1)
613.6262 |
Jacqueline Encarnacion |
|
CERTIFICACIONES
DEL PERU SA |
(51-1)
319.9000 |
Abdul Quiroz |
|
COGORNO
SA |
(51-1)
414.3900 |
Jessica Castillo |
|
E
Y M SRL |
(51-1)
206.5600 |
Roxana Rondon |
|
GRANOS
Y SEMILLAS BENDITOS DEL PERU SA |
(51-1)
292.4414 |
Angela
Marquez |
|
PALACIOS
& ASOCIADOS AGENTES DE ADUANA SA |
(51-1)
465.2959 |
Erika
Urbina |
|
QUIMICA
ALIMENTARIA SA |
(51-1)
474.1284 |
|
|
SLI ADUANAS SAC |
|
Sarita
Reyna |
|
FOREIGN SUPPLIERS |
Country |
Phone Number |
|
AGRIDIENT
BV |
Holland |
(31-20) 301.1400 |
|
BUDENHEIM
DE MEXICO SA DE CV |
Mexico |
(52-81) 8215.3000 |
|
BUDENHEIM
GERMANY |
Germany |
|
|
CARGILL
BV |
Holland |
(31-20) 500.6000 |
|
GRANOTEC
CHILE SA |
Chile |
(56-2) 2443.1518 |
|
GRANOTEC
ECUADOR SA |
Ecuador |
(593-4) 370.5555 |
|
GRANOTEC
MEXICO SA DE CV |
Mexico |
(52-442)
221.5925 |
|
HRA
UNIQUIMICA SAS |
Colombia |
(57-4) 309.5555 |
|
NINGBO BRIDGE IMP. EXP. CO. LTD. |
China |
(86-574) 5500.2529 |
COMMENTS OF SUPPLIERS
Other consulted suppliers do not provide trade
references on grounds of confidentiality.
BANKS
|
Bank
Name |
Country |
|
BANCO
DE CREDITO DEL PERU SA |
Peru |
|
BANCO
GNB PERU SA |
Peru |
|
BANCO
INTERAMERICANO DE FINANZAS – BANBIF |
Peru |
|
BANCO
INTERNACIONAL DEL PERU SAA – INTERBANK |
Peru |
|
SCOTIABANK
PERU SAA |
Peru |
BANK REFERENCES
Consulted banks do not provide information of their
clients on grounds of confidentiality.
LITIGATIONS
No lawsuits were filed against the company.
CENTRAL RISK
The subject registers a document pending to regularize
for the amount US$3,494.00 Dollars.
SUPERINTENDENCY
According to the latest bulletin as of 31/03/2018
issued by the Bank and Insurance Superintendency, the company receives a
qualification of 100% NORMAL, based on the following information:
Credits to Large Companies
Loans S/.4,191,253.00
Foreign trade credits S/.3,189,915.00
Discounts S/.2,192,298.00
Finance lease S/.324,565.00
Credit cards S/.27,832.00
Accrued current credit interests S/.104,335.00
------------------------------------------------------------------------------------
TOTAL DEBT S/.10,030,198.00
GUARANTEES S/.7,643,886.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.95 |
|
|
1 |
INR 91.87 |
|
Euro |
1 |
INR 80.27 |
|
PEN |
1 |
INR 20.67 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
DNS |
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.