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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

510899

Report Date :

24.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

VIU SA

 

 

Registered Office :

San Lorenzo 3902 - Esquina : Blas Parera Olivos 1636-Buenos Aires Argentina

 

 

Country :

Argentina

 

 

Financials (as on) :

2016 [Summarized]

 

 

Date of Incorporation :

1986

 

 

Legal Form :

Sociedad Anonima

 

 

Line of Business :

Subject is dedicated to the design, production and marketing of exclusive garments and accessories for women.

 

 

No. of Employees :

540

 

 

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

 

 

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)

Argentina

B2

B2

 

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

 


 

ARGENTINA - ECONOMIC OVERVIEW

 

Argentina benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector, and a diversified industrial base. Although one of the world's wealthiest countries 100 years ago, Argentina suffered during most of the 20th century from recurring economic crises, persistent fiscal and current account deficits, high inflation, mounting external debt, and capital flight. In 2016, the World Bank downgraded Argentina from a high-income to upper-middle-income economy, on par with Columbia.

 

A severe depression, growing public and external indebtedness, and an unprecedented bank run culminated in 2001 in the most serious economic, social, and political crisis in the country's turbulent history. Interim President Adolfo RODRIGUEZ SAA declared a default - at the time the largest ever - on the government's foreign debt in December of that year, and abruptly resigned only a few days after taking office. His successor, Eduardo DUHALDE, announced an end to the peso's decade-long 1-to-1 peg to the US dollar in early 2002. The economy bottomed out that year, with real GDP 18% smaller than in 1998 and almost 60% of Argentines below the poverty line. Real GDP rebounded to grow by an average 8.5% annually over the subsequent six years, taking advantage of previously idled industrial capacity and labor, and expansionary monetary and fiscal policies. Inflation also increased, however, during the administration of President Nestor KIRCHNER, which responded with price restraints on businesses, as well as export taxes and restraints, and beginning in 2007, with understating inflation data.

 

Cristina FERNANDEZ DE KIRCHNER succeeded her husband as president in late 2007, and the rapid economic growth of previous years began to slow sharply the following year as government policies held back exports and the world economy fell into recession. The economy in 2010 rebounded strongly from the 2009 recession, but slowed in late 2011 even as the government continued to rely on expansionary fiscal and monetary policies, which kept inflation in the double digits.

 

In order to deal with these problems, the government expanded state intervention in the economy: it nationalized the oil company YPF from Spain's Repsol, expanded measures to restrict imports, and further tightened currency controls in an effort to bolster foreign reserves and stem capital flight. Between 2011 and 2013, Central Bank foreign reserves dropped $21.3 billion from a high of $52.7 billion. In July 2014, Argentina and China agreed on an $11 billion currency swap; the Argentine Central Bank has received the equivalent of $3.2 billion in Chinese yuan, which it counts as international reserves.

 

With the election of President Mauricio MACRI in November 2015, Argentina began a historic political and economic transformation, as his administration took steps to liberalize the Argentine economy, lifting capital controls, floating the peso, removing export controls on some commodities, cutting some energy subsidies, and reforming the country’s official statistics. Argentina negotiated debt payments with holdout bond creditors and returned to international capital markets in April 2016. In September 2016, Argentina completed its first IMF Article IV Consultation since 2006.

 

After years of international isolation, Argentina took on several international leadership roles in 2017, including hosting the World Economic Forum on Latin America and the World Trade Organization Ministerial Conference, and is set to assume the presidency of the G-20 in 2018.

 

Source : CIA

 

 


Location Facts

Government

Republic

Currency

100 USD : ARS 1.586,00

EconomicRisk

Medium

 

 

Statutory Information

Legal Name

VIU SA

Trade Name

VITAMINA / UMA

ID

CUIT

ID Details

30-70853973-9

Creation Date

1986

Incorporation Date

25-08-2003

Legal Address

San Lorenzo 3902 - Esquina : Blas Parera Olivos 1636-Buenos Aires Argentina

Operative Address

San Lorenzo 3902 - Esquina : Blas Parera Olivos 1636-Buenos Aires Argentina

Telephone

+54-1147114700

Fax

+54-1147114700

Legal Form

Sociedad Anonima

E-Mail

e-store@vitamina.com.ar

marketing@viu.com.ar

rrhh@viu.com.ar

Registered In

ARGENTINA

Website

www.vitamina.com.ar / www.uma.com.ar

Contact

Aldo Adriano Navilli, President

Staff

540 employees

Activity

141199 (F-883) CLOTHING MANUFACTURE N.C.P., EXCEPT LEATHER, LEATHER AND KNITWEAR GARMENTS

 

Banks

Name of Bank

Reported Amount

BANCO DE LA NACION ARGENTINA

61708

BANCO DE LA PROVINCIA DE BUENOS AIRES

38918

BANCO DE LA PROVINCIA DE CORDOBA S.A.

36105

BANCO DE GALICIA Y BUENOS AIRES S.A.

24507

BBVA BANCO FRANCES S.A.

17552

BANCO COMAFI SOCIEDAD ANONIMA

12250

BANCO DE LA PAMPA SOCIEDAD DE ECONOMÍA M

8097

BANCO HIPOTECARIO S.A.

6027

BANCO MACRO S.A.

5437

BANCO SUPERVIELLE S.A.

3035

HSBC BANK ARGENTINA S.A.

2480

Description

According to the classification of banking relations of Argentina, the company operates with level: 1.

This is the highest classification in the system. It means that the company/person is fulfilling correctly its current Credit obligations.

There are no rejected checks for the subject.

POSITIVE CHECKS

POSITIVE CHECKS

Period

Check

Amount in ARS

jul-18

1

33,613.92

jun-18

4

238,228.18

may-18

7

600,817.37

apr-18

8

479,033.56

mar-18

4

280,042.17

jan-18

2

74,058.86

dec-17

6

391,570.16

nov-17

4

203,562.13

oct-17

12

672,031.28

sep-17

7

290,238.71

aug-17

8

187,700.65

jul-17

3

122,244.69

jun-17

7

247,921.90

may-17

24

1,290,654.14

apr-17

10

801,321.53

mar-17

9

686,895.78

feb-17

11

739,123.64

jan-17

15

719,018.91

dec-16

17

879,363.91

nov-16

9

465,135.39

oct-16

12

576,791.62

sep-16

8

356,996.65

aug-16

21

754,320.26

jul-16

12

264,476.43

jun-16

12

308,151.29

may-16

3

181,847.22

 

 

History

History

The company was founded in 1986

Key Developments

In 1986, Marcelo Goldberg had created Vitamina in partnership with Claudio Drescher. At first, the company had great potential but could not separate from the rest of the competitors and the numbers did not close. From the year 1994 to 1998, the turnover of Vitamin was multiplied by eight with double the number of stores and there it started to be profitable. The strongest concept that was given to the brand was modernity. That was the touch that could get away from the rest, make a difference. They began to innovate and they thought about summoning a model of color, alto totally innovative in the Argentine campaigns. For that they called Tyra Banks, who gave very well, and was the first success of the brand from the point of view of communication. However, they did not stay with that alone and went for more. His next model was Naomi Campbell. From that moment on, the brand began to have an identity, the clients looked for it, and the product was more valued.

CISA bought the brand for US $ 40 million, in the middle of the spring of consumption that aroused in the fashion world the massive arrival of international houses and foreign investors. But in 1999 the storm came, and the retraction that began to affect the sector is prolonged. The crisis of the real economy begins to take its first victims in the textile market, and Vitamin was one of the first to fall. At that time, it was owned by an investment fund comprised mainly of the American insurance group AIG, owner of the insurance company La Meridional, and Bank of America. At the beginning of that year, the director of CISA, Claudio Drescher, had announced with great fanfare that they would invest US $ 5 million to complete the construction of their Munro plant, remodel premises and expand their points of sale in the shopping centers. They even speculated on buying a brand of clothing for men and another for boys, but the crisis won them by hand and the 3 unpaid bills began to accumulate. The liability came to US $ 10 million and has also just cost Drescher, a former Vitamina owner and minority shareholder of the current society, who was asked to resign. Since the beginning of the year, suppliers had had severe difficulties in collecting their bills, and a quarter ago they began to have debts with the Treasury. The recession in the textile sector was affecting notoriously the largest firms, which had already lowered their prices between 20 and 25%, without this being able to stimulate demand. And the fall in sales added the difficulties to access bank financing, because the entities decided to close the taps until the picture is clarified. Vitamin had 50 stores and was one of the referents of the women's apparel market. It was the first local label to launch its own car - the limited edition of the Peugeot 106 - and one of the pioneers in having an emblematic branch: the traditional two-story mansion on Santa Fe Avenue, in which it had invested close to 1 , 2 million dollars. However, in the hands of Compañía de Indumentaria (CISA), the label ran out of cloth to cut. Overwhelmed by a bankruptcy and liability contest for more than US $ 40 million, it closed its premises one by one and ended in bankruptcy, with a sign of auction. Vitamin, along with Chocolate and Paula Cahen d'Anvers, was one of the leaders in the ABC1 segment of women's clothing.

Recover an icon of the Argentine fashion of the 90s: That was proposed by the Navilli family with the purchase of Vitamin. At the end of 2004, the firm went out to auction and was acquired by Aldo Navilli, owner of the 9 biscuits of Gold, Molino Cañuelas and Compañía Argentina de Granos, among others. He opened his first store on Avenida del Libertador, next to Patio Bullrich. The concept? "Classic, modern, feminine and sophisticated, who really likes and produces that magic that is Vitamin", define those responsible. Navilli was convinced there was room for revenge. He paid 700,000 pesos for the brand and, with absolute low profile, advanced in the new strategy. The first step was to find specialists in the sector and completely separate their textile business from the flour. It called for an exclusively female management, in which two key positions would be covered by former Vitamin Eliana Núñez as general manager, and Silvia Ortiz, leader of the design team. Both had worked four years in the brand, mainly in the first stage of growth. Ortiz studied Fashion Design and Textiles at the Fashion Institute of Technology in New York and also Fine Arts and Art History at Marymount College. In Argentina he had been responsible for the collection of tailoring and accessories. His team is completed by Pilar Dragán Gigena -ex Yagmour and Ona Saez- and Andrea Fernández Rigo, former Yagmour and Conindar. In the field of Marketing, the one convened was María de la Paz Racana -ex Paula Cahen D'Anvers and Uma- and Natalia Haro, a former Ayres who served as commercial manager. At that time, Navilli's goal was to expand the product lines.

The brand was seriously affected in 2014 as one of the companies of the Navilli group, Santa Cecilia del Oeste SA, was responsible for a clearing in the "El Carmen" ranch in the province of Salta, which was originally protected by the Forest Law. The government in response to the request modified the zoning for the authorization of this clearing and Greenpeace considering this illegal, since the deforestation of the farm would seriously affect the indigenous communities of the region, initiated a smear campaign against all the companies in the group , in which of course, Vitamin was one of those affected.

The previous name of the company was VITAMINA GROUP SOCIEDAD ANONIMA

Parent Company

NA

 

 

Principal Activity

General Description

VIU SA is dedicated to the design, production and marketing of exclusive garments and accessories for women.

Service/Product Description

MAIN PRODUCTS:
FASHION
Coats
Pilots and Camperas
Sacks
Tops
shirts
T-shirts
Divers
Sweaters
Joggings
Dresses
Skirts
Pants
JEANS
Jegging
Dart
Abbey
Liverpool
Glasgow
Oxford
Cropped
Coulotte
Mom
fashion
ACCESSORIES
Bijoux
Wallets
Footwear
Fragrance
Belts
Gloves
Socks
Scarves and Scarves
Hats
Wallets
COMES OUT
SS18
FW17

Sales

Wholesale and Retail

Operations Area

National and International

Imports From

Paraguay

Export To

Paraguay and Colombia

Employees

540 employees

Payments With Suppliers

Regular

BRANDS

Brand

Comments

VITAMINA

NA

UMA

NA

 

CLIENTS

Name of Client

Country

Comments

Tres Rosas Srl.

PARAGUAY

NA

Gini Armele Gianinna Paola.

PARAGUAY

NA

FALABELLA DE COLOMBIA S A

COLOMBIA

NA

C.I.Expofaro S . A . S .

COLOMBIA

NA

Comments

NA

 

SUPPLIERS

Supplier Name

Country

Comments

Ao Poti Sa.

PARAGUAY

NA

Comments

NA

 

 

Location

Headquarters

SAN LORENZO 3902 - ESQUINA : BLAS PARERA OLIVOS 1636-BUENOS AIRES ARGENTINA

Branches

ALCORTA SHOPPING

Jeronimo Salguero 3172, Local 1004/1005/1006.

Tel: 5777 6605

 

RECOLETA MALL

Vicente López 2050, Local 107

Tel: 4807 0596

 

EL SOLAR SHOPPING

Arce 940, Local 003

Tel: 4778 5136

 

GALERÍAS PACÍFICO

Florida y Av. Córdoba, Local 245

Tel: 5555 5245

 

ALTO PALERMO SHOPPING

Av. Santa Fe 3253, Local 1013/1014

Tel: 4508 2211

 

PALERMO SOHO

Honduras 4801, Esquina Armenia

Tel: 4897 2052

 

CABALLITO

Rosario 610

Tel: 4901 2868

 

ABASTO SHOPPING

Av. Corrientes 3247. Local 1014

Tel: 4959 3514

 

BELGRANO

La Pampa 2380

Tel: 4786 7487

 

DOT BAIRES SHOPPING

Vedia 3632, Local 039

Tel: 5777 9739

 

DEVOTO SHOPPING

Jose Pedro Varela 4866, Local 202

Tel: 4566 7936

 

AGUIRRE

Aguirre 864 - Palermo

Tel: 4775 1902

 

DISTRITO ARCOS

Paraguay 4979, Local 14 - Palermo

Tel: 5789 2714 / 2814

 

SHOP GALLERY

Aeroparque Jorge Newbery

 

UNICENTER SHOPPING

Paraná 3745, Local 1122 - Martínez

Tel: 4836 3060

 

LAS PALMAS DEL PILAR

Las Magnolias 754, Local 1113 - Pilar

Tel: (0230) 466 6599

 

NORDELTA CENTRO COMERCIAL

Av. de Los Lagos 7010, Local 160 - Tigre

Tel: 4871 4225

 

TORTUGAS OPEN MALL

Ramal Pilar Km 36.5, Local 52 - Malvinas Argentinas

Tel: (03327) 42 4246

 

PLAZA OESTE SHOPPING

Av. Brig. Gral. Juan Manuel de Rosas 658, Local 2013 -Morón

Tel: 4483 0690

 

ALTO AVELLANEDA SHOPPING

Avenida General Güemes 897, Local 273/274 - Avellaneda

Tel: 4229 0376

 

NINE SHOPPING

Av. Victorica 1128, Local 21 - Moreno

Tel: (0237) 463 1123

 

PASAJE RODRIGO MALL BOUTIQUE

Calle 51 entre 4 y 5, Local J1 y J2 - La Plata

Tel: (0221) 410 0425

 

BOULEVARD SHOPPING

Av. Hipolito Yrigoyen 13200, Local 149/150 -Adrogué

Tel: 4239 1149

 

LAS TOSCAS CANNING SHOPPING

Av. Castex y Formosa, Local 1008 - Canning

Tel: 5075 0123

 

SAN ISIDRO

Av. Diego Carman 423 - San Isidro

Tel: 4763 5285

 

MAR DEL PLATA

Garay 1367/69 - Mar del Plata

Tel: (0223) 486 0083

 

LOS GALLEGOS SHOPPING

Rivadavia 3050, Local 110/111 - Mar del Plata

Tel: (0223) 491 7103

 

BAHÍA BLANCA PLAZA SHOPPING

Sarmiento 2113, Local 157 - Bahía Blanca

Tel: (0291) 459 4157

 

CÓRDOBA SHOPPING

Jose de Goyechea 2851, Local 157/160

Tel: (0351) 420 5190

 

PATIO OLMOS SHOPPING

Av. Velez Sarsfield 361, Local 216/217

Tel: (0351) 570 4216

 

RÍO CUARTO

San Martín 185 - Río Cuarto

Tel: (0358) 462 5294

 

PASEO RIVERA INDARTE

Bodereau esq. Ricardo Rojas, Local 340.

Tel: (03543) 44 1907

 

PASEO DEL JOCKEY

Elias Jofre 1050, Local 22. - Barrio Jardín

Tel: (0351) 467 0430

 

ALTO ROSARIO SHOPPING

Junín 501, Local 0078 - Rosario

Tel: (0341) 410 6562

 

PORTAL ROSARIO

Nansen 323, Local 1053 - Rosario

Tel: (0341) 423 6860

 

LA RIBERA SHOPPING

Dique 1, Local 043 - Rosario

Tel: (0342) 471 1100

 

MENDOZA PLAZA SHOPPING

Acceso Este 3280, Local 0055 - Guaymallén

Tel: (0261) 449 0183

 

PORTAL LOS ANDES

Balcarce 897, Local 1046 - Godoy Cruz

Tel: (0261) 424 7227

 

PALMARES OPEN MALL

Ruta Panamericana 2650, Local D16

Tel: (0261) 413 9146

 

ALTO NOA

Av. Virrey Tole 702, Local 15/15A

Tel: (0387) 421 7903

 

PATIO ALVEAR SHOPPING

Av. Libertador Gral.San Martín 1826 (O) Local 54

Tel: (0264) 430 9055

 

LA JOAQUINA OPEN MALL

Av. del Viento Chorrillero 1653, Local 19

Tel: (0266) 445 0819

 

ALTO COMAHUE SHOPPING

Dr. Luis Ramón 399, Local 52

Tel: (0299) 434 0352

 

PORTAL PATAGONIA

Juan Julian Lastra 2400, Local 1060

Tel: (0299) 445 0429

 

PORTAL TUCUMÁN

Av. Cariola 42, Local 1223, Yerba Buena

Tel: (0381) 431 5442

 

SARMIENTO SHOPPING MALL

Av. Sarmiento 1999, Local 43

Tel: (0362) 497 7350

 

 

Group Structure and Subdiary Companies

Listed at the stock exchange

NO

Capital

ARS 438,766,650

Shareholders (%)

This is a private company. Major holders are Nehuel S.A. and Puramel S.A (companies of the group GRUPO NEVILLI, owned by Aldo Adriano Navilli.)

Management

Aldo Adriano Navilli, President
Mariano Navilli, Vice President
Aldo Luciano Navilli, Main Director
Santiago Paoletta, Administration and Accounting
Fernando Rodriguez, Financial Manager
Ana Bernardi, E-Commerce Manager
Miguel Sanchez, Wholesales
Bárbara Román, Sales Assistant
Chantal Antelme, Design Director
Gonzalo Sanchez Zinny, Operations Manager
Sylvia Ortiz, Products Manager

Subsidiary Companies

NA

Related Companies

GRUPO NEVILLI:
The corporate structure of the Navilli is complex and is characterized by having almost always the same family members rotating in the positions of the board. There are about 20 anonymous companies in the hands of the Navilli, such as:

Compañía Argentina de Granos (CAG).
Argentina

Molinos Cañuelas SA
Argentina

Molca SA
Argentina

Selene SA
Argentina

Santa Cecilia del Oeste SA
Argentina



Financial Information

General Description

The company does not make its financial statements public. The following information has been provided by private sources:

Year/Currency

2016 ARS$

Sales

17,500,000

Money Flow

Normal

Import Fob Dollar

Year

Amount

There are not Import Fob Dollar informed

Export Fob Dollar

Year

Amount

2012

1,514,861

2013

1,242,360

2014

802,414

2015

322,844

2016

156,366

2017

19,067

 

 

Legal Filings

Lawsuits

Date of the draw: 07/08/2013
CABA Executive Commercial Court: 010 Secretary: 020 File: 020771
Defendant / s: GLIKMAN FERNANDO DOC 18068431
Actor / s: VIU SA CUIT 30708539739

Date of the draw: 07/03/2013
CABA Executive Commercial Court: 007 Secretary: 014 File: 017567
Defendant: VILLEGAS JANICE IVANNA, CIANCI SERGIO GUSTAVO
Actor / s: VIU SA CUIT 30708539739

Date of the draw: 08/09/2016
SILVER, DAMAGES AND PERJUITIES BREACH CONTRACTUAL, Court: 009, Cause: 27518
Cover: VIU SA
Actor / s: CIGLIA LELLI LORENA CATALINA

Trademarks

VITAMINA

UMA

Patents Registered

No records found

Registration in AFIP:

(Administración Federal de Ingresos Públicos)

The Administración Federal de Ingresos Públicos, usually shortened as AFIP, is the revenue service of Argentina. It administers the taxation in Argentina.

Social contract: 08/25/2003 [14 years]

AFIP registration: 10/28/2003 [14 years old]

Earnings: Active

IVA: Active

Exclusion - Income Tax withholding

 

Certificate number: 562017026871

Fiscal period: 2,018

Percentage: 100

Resolution: EXCLUSION CERTIFICATES

Status: Definitive WITHOUT Provisional

File number: 0

Dates:

Issue: 01/10/2017 | Publication: 01/10/2017 | Validity: 07/31/2018

SRT - Superintendence of Workplace Risks

 

Updated at: 02/25/2018

Last contract

Insurance carrier:

THE SECOND

Contract No.:

231131

Since:

02/01/2016 - Change of insurer

Until:

Current membership -

Employer Contributions:

Period

Social security contributions

Contributions of social work

Employer contribution social work

May-17

Paid

Paid

Paid

Jun-17

Paid

Paid

Paid

Jul-17

Paid

Paid

Paid

Ago-17

Paid

Paid

Paid

Sep-17

Paid

Paid

Paid

Oct-17

Paid

Paid

Paid

Nov-17

Paid

Paid

Paid

Dic-17

Paid

Paid

Paid

Ene-18

Paid

Paid

Paid

Feb-18

Paid

Paid

Paid

Mar-18

Paid

Paid

Paid

Abr-18

Not Paid

Not Paid

Not Paid

Renewals

VIU S.A.
By Shareholders' Meeting of 09/13/17 the capital stock was increased from $ 422,766,650 to $ 438,766,650 through the issuance of 1,600,000 non-endorsable ordinary registered shares, class "B" of $ 10 par value each, with right to one vote per share, reforming the fourth article of the social statute. Authorized by private instrument Assembly dated 13/09/2017. Romina S. Quaratino Tº 101, Fº 652 C.P.A.C.F. Romina Soledad QUARATINO - T °: 101 F °: 652 C.P.A.C.F.
and. 11/16/2017 N ° 88546/17 v. 11/16/2017
Publication date 11/16/2017

The previous name of the company was VITAMINA GROUP SOCIEDAD ANONIMA

 

 

Summary

Summary

Founded in 1986, VIU SA is dedicated to the design, production and marketing of exclusive garments and accessories for women.

The company has approximately 540 employees and generates an estimated ARS 17.5 million in annual revenue.

It mainly imports from Paraguay and exports to Paraguay and Colombia, operating within national and international markets.

This has been an ACTIVE company incorporated in ARGENTINA in 2003.

 

 

Risk Information

Debts

Controlled

Payments

Regular

Cash Flow

Normal

State

ACTIVE

 

 

Interview

First Name

Florencia

Position

Operator

Comments

The person contacted confirmed legal name, trade name, telephone and principal activity.

She asked the reason of the call and transferred it to the Human Resources Area.

The person contacted explained that she was not allowed to provide information about the company through the phone. She also wanted to know the name of the client. Nevertheless, she provided this email for inquiries: rrhh@viu.com.ar

 

 

 

 


 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

INR 68.21

UK Pound

1

INR 91.43

Euro

1

INR 80.24

ARS

1

INR 2.78

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRI

 

 

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.