MIRA
INFORM REPORT
|
Report Date : |
28.09.2007 |
IDENTIFICATION DETAILS
|
Name : |
S.i.m.a. Societa'
Industrie Meccaniche A ffini - A Responsabilita'limitata |
|
|
|
|
Registered Office : |
Via Chiesaccia, 2, 40056
– Crespellano (BO) -IT- |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
09/06/1947 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
General mechanic. Manufacturing and installation of textile machines and their
accessories. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
301.600 - Eur |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name & address
S.i.m.a. Societa' Industrie Meccaniche A ffini - A
Responsabilita'limitata
Via
Chiesaccia, 2
40056 -
Crespellano (BO) -IT-
SUMMARY
|
Legal Form |
: |
Limited liability company |
|
Start of Activities |
: |
09/06/1947 |
|
Patrimonial Consistence |
: |
Over 2.500.000 Eur |
|
|
: |
15.500.000/18.000.000 Eur |
|
Number of Employees |
: |
from 71 to 90 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
301.600 - Eur |
ACTIVITY
General mechanic.
Manufacturing and installation of textile machines and their
accessories.
LEGAL DATA
Legal Form : Limited liability company
|
Fiscal Code : 00283860377 |
|
Foreign Trade Reg. no. : BO025891 since 21/05/1992 |
|
Foreign Trade Reg. no. : 025891 of |
|
Chamber of Commerce no. : 77061 of |
|
Firms' Register : BO006-7920 since 19/02/1996 |
|
Foundation Date |
: 09/06/1947 |
|
|
Establishment Date |
: 09/06/1947 |
|
|
Start of Activities |
: 09/06/1947 |
|
|
Legal Duration Date |
: 31/12/2030 |
|
|
Nominal Capital |
: 1.550.000 |
Eur |
|
Subscribed Capital |
: 1.550.000 |
Eur |
|
Paid up Capital |
: 1.550.000 |
Eur |
MEMBERS
|
Aicardi |
Piero |
|
Born in |
(BO) |
on 21/04/1959 |
- Fiscal Code : CRDPRI59D21A944V |
|
Residence : |
Via |
Monte Donato |
, 15 |
- 40100 |
|
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
09/05/2007 |
|
|
|
Board Chairman |
09/05/2007 |
|
|
No Protests registered.
|
Mazzoni |
Simonetta |
|
Born in Casalecchio di Reno |
(BO) |
on 20/05/1959 |
- Fiscal Code : MZZSNT59E60A944N |
|
Residence : |
Via |
Venezia |
, 8 |
- 40033 |
Casalecchio di Reno |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
09/05/2007 |
|
|
No Protests registered.
|
Mazzoni |
Roberta |
|
Born in |
(BO) |
on 12/11/1962 |
- Fiscal Code : MZZRRT62S52A944B |
|
Residence : |
Via |
Panigale |
, 9/2 |
- 40100 |
|
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
09/05/2007 |
|
|
No Protests registered.
|
Sesenna |
Sergio |
|
Born in |
(PC) |
on 27/04/1947 |
- Fiscal Code : SSNSRG47D27B812U |
|
Residence : |
Via |
Giovanni Campesio |
, 25 |
- 29100 |
|
(PC) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
09/05/2007 |
|
|
No Protests registered.
COMPANIES CONNECTED
TO MEMBERS *
*checkings have been performed on a national scale.
*In this module are listed the companies in which members hold or held
positions.
|
AICARDI PIERO |
|
The indication "REGISTERED" as Firm Status could refere to
Firms in Liquidation, Active, Inactive, etc.
For more information, in this case, we advise to request further
investigations.
CAPITAL
SHAREHOLDERS
|
Style / Name |
Seat / Address |
Fiscal Code |
Owned Shares |
% of Ownership |
|
Mazzoni Simonetta |
Casalecchio di Reno - IT - |
MZZSNT59E60A944N |
24.800 .Eur |
1,60 |
|
Mazzoni Alberto |
|
MZZLRT22S19A944X |
334.800 .Eur |
21,60 |
|
Mazzoni Roberta |
|
MZZRRT62S52A944B |
24.800 .Eur |
1,60 |
|
DRAGHETTI TERESA |
|
DRGTRS25T55B880Z |
105.400 .Eur |
6,80 |
DIRECT
PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
S.T.I.E.M. - SOCIETA' TECNICA INDUSTRIALE
ELETTRO MECCANI- CA.- S.R.L. |
Crespellano - IT - |
00283910370 |
4.992 .Eur |
48,00 |
Active |
|
Cermet - Certificazione E Ricerca Per
LaQualita' Soc. Cons. A R. |
Granarolo dell'Emilia - IT - |
03502820370 |
419 .Eur |
0,10 |
Active |
|
PROGETTO ZOLA S.R.L. |
|
01518190697 |
102.500 .Eur |
100,00 |
Ceased |
|
W M - Costruzioni Meccaniche - S.R.L. |
Imola - IT - |
03341420374 |
64.260 .Eur |
84,00 |
Active |
|
Alta S.r.l In Liquidazione |
Crespellano - IT - |
01508000567 |
|
100,00 |
Ceased |
|
Plastex S.r.l. |
Crespellano - IT - |
01511220699 |
|
100,00 |
Active |
STRUCTURE AND
COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
in : |
|
|
|
|
|
Via |
Chiesaccia |
, 2 |
- 40056 - |
Crespellano |
(BO) |
- IT - |
|
|
|
|
|
Total Surface: 40.000 (Sq.Mt.) |
|
|
|
|
|
Covered Surface: 23.000 (Sq.Mt.) |
|
|
|
|
PHONE |
: 051/605511 |
|
|
|
|
FAX |
: 051/7395888 |
|
- |
Branch |
(Factory ) |
since 04/01/1993 |
in : |
|
|
|
|
|
Via |
Chiesaccia |
, 27/2 |
- 40056 - |
Crespellano |
(BO) |
- IT - |
|
|
|
|
PHONE |
: 051/605511 |
|
- |
Branch |
(Store ) |
since 20/12/1996 |
in : |
|
|
|
|
|
Via |
Caduti Di Amola |
, 30 |
- 40132 - |
|
(BO) |
- IT - |
|
|
|
|
PHONE |
: 051/402134 |
|
|
|
|
Employees |
: 76 |
|
|
|
|
Assistants |
: 2 |
|
|
|
|
Fittings and Equipment |
for a value of
563.500 |
Eur |
|
|
|
|
Stocks |
for a value of
6.862.500 |
Eur |
|
|
|
|
Furniture and fittings |
for a value of
284.051 |
Eur |
|
|
|
|
Vehicles |
for a value of
154.937 |
Eur |
HISTORICAL INFORMATION
AND/OR FIRM'S
STATUS
|
Ex-Members /
Ex-Positions |
|
Romani |
Alberto |
|
Born in |
on 29/07/1941 |
- Fiscal Code : RMNLRT41L29A944T |
|
Residence : |
Via |
Tambroni |
, 8 |
- 40100 |
|
(BO) |
- IT - |
|
Position |
|
Temporary Auditor |
|
Romani |
Stefano |
|
Born in |
on 30/05/1938 |
- Fiscal Code : RMNSFN38E30A944Q |
|
Residence : |
Via |
FONTANELLE |
, 11 |
- 40069 |
Zola Predosa |
(BO) |
- IT - |
|
Position |
|
Supervisory Board Chairman |
|
Gambini |
Massimo |
|
Born in |
on 03/11/1957 |
- Fiscal Code : GMBMSM57S03A944G |
|
Residence : |
Via |
Paolo Costa |
, 9 |
- 40100 |
|
(BO) |
- IT - |
|
Position |
|
Permanent Auditor |
|
Romani |
Daniela |
|
Born in |
on 30/07/1948 |
- Fiscal Code : RMNDNL48L70A944H |
|
Residence : |
Via |
Paolo Costa |
, 9 |
- 40100 |
|
(BO) |
- IT - |
|
Position |
|
Temporary Auditor |
|
|
Marco |
|
Born in |
on 06/07/1960 |
- Fiscal Code : VNTMRC60L06A944X |
|
Residence : |
Via |
ROCCA CORNETO |
, 1 |
- 40042 |
Lizzano in Belvedere |
(BO) |
- IT - |
|
Position |
|
Director |
|
Mazzoni |
Alberto |
|
Born in |
on 19/11/1922 |
- Fiscal Code : MZZLRT22S19A944X |
|
Residence : |
Via |
CADUTI DI AMOLA, |
, 30 |
- 40100 |
|
(BO) |
- IT - |
|
Position |
|
Chairman |
|
Managing Director |
|
Mazzoni |
Alberto |
|
Born in |
on 19/11/1922 |
- Fiscal Code : MZZLRT22S19A944X |
|
Fiscal residence : |
Via |
Caduti di Amola |
, 30 |
- 40100 |
|
(BO) |
- IT - |
|
Position |
|
Chairman |
|
Serra |
Graziano |
|
Born in |
on 22/03/1960 |
- Fiscal Code : SRRGZN60C22A944K |
|
Position |
|
Managing Director |
|
Grossi |
Carlo |
|
Born in |
on 16/01/1956 |
- Fiscal Code : GRSCRL56A16E507F |
|
Residence : |
Via |
Barberia |
, 11 |
- 40100 |
|
(BO) |
- IT - |
|
Position |
|
Managing Director |
|
Raimondi |
Loris |
|
Born in |
on 08/09/1946 |
- Fiscal Code : RMNLRS46P08A944S |
|
Residence : |
Via |
Tamagno |
, 2 |
- 40137 |
|
(BO) |
- IT - |
|
Position |
|
Temporary Auditor |
|
Giosue' |
Mario |
|
Born in |
on 31/08/1932 |
- Fiscal Code : GSIMRA32M31F522X |
|
Residence : |
Via |
Dei Lamponi |
, 21/2 |
- 40137 |
|
(BO) |
- IT - |
|
Position |
|
Permanent Auditor |
|
Giosue' |
Maria Cristina |
|
Born in |
on 29/04/1943 |
- Fiscal Code : GSIMCR43D69F522B |
|
Residence : |
Via |
G.dagnini |
, 26 |
- 40100 |
|
(BO) |
- IT - |
|
Position |
|
Temporary Auditor |
|
FORESTI |
ANDREA |
|
Born in |
on 24/05/1970 |
- Fiscal Code : FRSNDR70E24A944U |
|
Residence : |
Strada |
MAGGIORE |
, 77 |
- 40100 |
|
(BO) |
- IT - |
|
Position |
|
Temporary Auditor |
|
Bolognese |
Giovanna |
|
Born in Vasto |
on 09/10/1960 |
- Fiscal Code : BLGGNN60R49E372G |
|
Residence : |
Corso |
Mazzini |
, 2/1 |
- 66054 |
Vasto |
(CH) |
- IT - |
|
Position |
|
Permanent Auditor |
|
Martelli |
Marco |
|
Born in |
on 14/03/1972 |
- Fiscal Code : MRTMRC72C14A944J |
|
Residence : |
Via |
Abruzzo |
, 10 |
- 40100 |
|
(BO) |
- IT - |
|
Position |
|
Temporary Auditor |
|
Sesenna |
Sergio |
|
Born in |
on 27/04/1947 |
- Fiscal Code : SSNSRG47D27B812U |
|
Residence : |
Via |
Giovanni Campesio |
, 25 |
- 29100 |
|
(PC) |
- IT - |
|
Position |
|
Managing Director |
|
TOSI ERCOLE |
|
|
Born in |
on 02/07/1944 |
- Fiscal Code : TSORCL44L02A944C |
|
Residence : |
Via |
MARCELLO ORETTI |
, 6 |
- 40100 |
|
(BO) |
- IT - |
|
Position |
|
Attorney General |
|
Former seats |
|
- |
Branch |
|
since 03/10/1977 |
until 20/12/1996 |
|
|
|
|
|
Via |
Chiesaccia |
- 40056 |
- Crespellano |
(BO) |
- IT - |
|
- |
Branch |
|
until 17/10/1990 |
|
|
|
|
|
Via |
Caduti Di Amola |
- 40100 |
- |
(BO) |
- IT - |
PAYMENTS ANALYSIS
The average term of debts to suppliers is normal compared with that of
the sector.
PAYMENTS SCORE : - No insolvency
CREDIT REVOLVING
The subject of inquiry has been monitored by our company:
During the last 12 Months : n. 1 times.
PROTESTS
Protests checking on the subject firm has given a negative result.
LEGAL PROCEDURES
None reported, standing to the last received edition of the Official
Publications.
BANKERS
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
UNICREDIT BANCA SPA |
|
|
|
|
2008 |
0 |
IMMOVABLES *
*No specific (mortgage/cadastrial registrations) inspections have been
requested.
|
Immovable Type |
Value |
|
Real estates |
1.856.892 .Eur |
NB.: For Capital Companies the value of the Immovables is the one
reported in the last available financial documents.
FINANCIAL AND
ECONOMICAL ANALYSIS
The company is active since 1947
During the last years, it recorded positive net results (r.o.e. 13,79%
in 2006) with a stable trend in the turnover.
The return on Investment in the last financial year was positive (4,76%)
and reflects the field's average.
The ratio between shareholder's equity and borrowed capital is not well
balanced, the indebtedness level is equal to 4,24 which is decreasing.
Financial debts as well as debts to suppliers are rather high even if it
still falls within the sector's average.
It shows a good range of liquidity.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
15.750.960 |
filed balance sheet |
|
Profit (Loss) for the period |
389.415 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
15.641.921 |
filed balance sheet |
|
Profit (Loss) for the period |
882.889 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
7.678.104 |
filed balance sheet |
|
Profit (Loss) for the period |
-1.882.514 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2003 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
9.547.493 |
filed balance sheet |
|
Profit (Loss) for the period |
-4.993.793 |
filed balance sheet |
BALANCE SHEETS
From our constant monitoring of the Public Administration, actually, no
more recent balance sheets result to be filed.
|
Balance Sheet as
at 31/12/2006 - Months 12 - Currency Eur - Amounts x 1 |
|
Balance Sheet as
at 31/12/2005 - Months 12 - Currency Eur - Amounts x 1 |
|
Years |
|
|
2006 |
2005 |
|
|
BALANCE SHEET
ACCOUNTS |
|
|
|
|
. |
|
|
|
|
|
ASSETS |
|
|
|
|
|
CREDITS TO SHAREHOLDERS |
|
|
|
|
|
FIXED ASSETS ( NET ) |
|
|
7.306.725 |
5.175.639 |
|
. Intangible assets |
|
|
290.422 |
201.020 |
|
. Tangible fixed assets |
|
|
2.438.331 |
3.075.852 |
|
. . Land and buildings |
|
|
1.856.892 |
2.473.776 |
|
. . Plants, Equipm.and Machinery |
|
|
563.516 |
598.909 |
|
. Long-term Investments |
|
|
4.577.972 |
1.898.767 |
|
. . Financial loans |
|
|
4.577.972 |
1.898.767 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
12.970.857 |
16.398.807 |
|
. Stock |
|
|
6.862.535 |
9.132.082 |
|
. Credits |
|
|
5.480.857 |
5.686.527 |
|
. . Credits to clients |
|
|
4.116.413 |
2.873.095 |
|
. . Other credits |
|
|
1.364.444 |
2.813.432 |
|
. Short-term financial assets |
|
|
141.637 |
502.991 |
|
. Liquid assets |
|
|
485.828 |
1.077.207 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
79.107 |
70.690 |
|
TOTAL ASSETS |
|
|
20.356.689 |
21.645.136 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
2.822.307 |
2.432.889 |
|
. Company's capital |
|
|
1.550.000 |
1.550.000 |
|
. Reserves |
|
|
882.892 |
|
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
389.415 |
882.889 |
|
PROVISION CHARGES ACCOUNTS |
|
|
|
|
|
STAFF TERM INDEMNITY |
|
|
1.027.024 |
952.589 |
|
DEBTS |
|
|
16.343.251 |
18.092.419 |
|
. Financial M/L terms |
|
|
3.865.402 |
5.345.711 |
|
. . Financial M/L term banks |
|
|
3.865.402 |
5.345.711 |
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
6.323.298 |
4.141.650 |
|
. . Financial short-term banks |
|
|
6.239.534 |
4.057.886 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
83.764 |
83.764 |
|
. M/L term debts to suppliers |
|
|
|
30.363 |
|
. Short-term debts to suppliers |
|
|
3.336.401 |
5.228.845 |
|
. Sundry M/L debts |
|
|
|
591.326 |
|
. Sundry short-term debts |
|
|
2.818.150 |
2.754.524 |
|
ACCRUED COSTS DEFERR. LIABILITIES |
|
|
164.107 |
167.239 |
|
TOTAL LIABILITIES |
|
|
20.356.689 |
21.645.136 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
18.648.566 |
17.577.578 |
|
. Revenues from sales/services |
|
|
15.750.960 |
15.641.921 |
|
. Change of stock (products) |
|
|
502.478 |
1.617.917 |
|
OPERATING EXPENSES |
|
|
17.679.577 |
17.112.975 |
|
. Purchasing expenses |
|
|
7.695.201 |
11.034.520 |
|
. Change of stock (raw material) |
|
|
2.772.025 |
-1.040.008 |
|
. Expenses from services |
|
|
2.526.780 |
2.428.233 |
|
. Expenses from leasing |
|
|
38.175 |
146.317 |
|
. General expenses/sundry charges |
|
|
264.892 |
403.325 |
|
. Staff expenses |
|
|
3.923.110 |
3.566.181 |
|
. Depreciation/Devaluation costs |
|
|
459.394 |
574.407 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-553.164 |
-149.667 |
|
. Financial charges |
|
|
-622.385 |
-212.313 |
|
. Financial revenues |
|
|
69.221 |
62.646 |
|
FINANCIAL ASSETS CORRECTION |
|
|
-1.212.039 |
-982.617 |
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
2.260.216 |
88.523 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
1.464.002 |
-579.158 |
|
TAX |
|
|
1.074.587 |
-1.462.047 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
389.415 |
882.889 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2006 |
as at 31/12/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
|
1,05 |
1,80 |
2,08 |
|
Net Short-term indebtedness |
Units |
- 1 |
|
4,24 |
4,54 |
2,53 |
|
Current ratio |
Units |
=> 1 |
|
1,03 |
1,35 |
1,34 |
|
Acid Test Ratio-Liquidity Ratio |
Units' |
=> 1 |
|
0,48 |
0,59 |
0,91 |
|
Return on Sales |
% |
|
|
5,38 |
9,31 |
2,28 |
|
Average stock waiting period |
dd |
|
|
156,81 |
210,16 |
81,97 |
|
Credits to clients average term |
dd |
|
|
94,06 |
66,09 |
129,24 |
|
Debts to suppliers average term |
dd |
|
|
117,03 |
139,10 |
140,98 |
|
Net financial revenues/ charges incidence |
% |
|
|
- 3,51 |
- 0,95 |
- 1,01 |
|
Labour cost incidence |
% |
|
|
24,90 |
22,79 |
24,74 |
O.V. = Optimal Value. When not present refer to the sector's.
A coloured item indicates the opinion of the rate during the last
financial year
(green=good; orange=not optimal; red=insufficient;
FURTHER INFORMATION
The company under review seems to have overcome the financial problems
which marked 2004.
Now subject's trend is regular.
We consider as possible business transactions on credit basis.
CREDIT OPINION
On the basis of the above mentioned, and the sales volume obtained, we
deem that the maximum exposure for short and medium term transactions ( 90 -
120 days ) could be of:
301.600 .Eur.
MARKET / TERRITORY
DATA
|
Population living in the province |
: |
944.297 |
|
Population living in the region |
: |
4.151.369 |
|
Number of families in the region |
: |
1.748.359 |
Monthly family expenses average in the region (in Eur.) :
|
- per food products |
: |
425 |
|
- per non food products |
: |
2.063 |
|
- per energy consume |
: |
143 |
SECTOR DATA
The values are calculated on a base of 202 significant companies.
The companies cash their credits on an average of 129 dd.
The average duration of suppliers debts is about 140 dd.
The sector's profitability is on an average of 2,28%.
The labour cost affects the turnover in the measure of 24,74%.
Goods are held in stock in a range of 81 dd.
The difference between the sales volume and the resources used to
realize it is about 1,04.
The employees costs represent the 24,70% of the production costs.
STATISTICAL
DETRIMENTAL DATA
Statistically the trade activity shows periods of crisis.
The area is statistically considered lowly risky.
In the region 18.860 protested subjects are found; in the province they
count to 3.720.
The insolvency index for the region is 0,46, while for the province it
is 0,40.
Total Bankrupt companies in the province : 4.335.
Total Bankrupt companies in the region : 14.698.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)