MIRA
INFORM REPORT
|
Report Date : |
14.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
COSTACURTA S.P.A. VICO |
|
|
|
|
Registered Office : |
Via Privata Grazioli Don B., 30 20100 – Milano (MI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
15.12.1964 |
|
|
|
|
Com. Reg. No.: |
MI146-125645 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Production of Various Material Resulting from Wire Processing. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
EUR 1.237.000 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
Costacurta S.p.a. Vico
Via Privata
Grazioli Don B., 30
20100 - Milano (MI) -IT-
SUMMARY
|
Fiscal Code |
: |
03147720159 |
|
Legal Form |
: |
Joint stock company |
|
Start of Activities |
: |
15/12/1964 |
|
Patrimonial Consistence |
: |
Over 2.500.000 Eur |
|
Turnover Range |
: |
35.000.000/50.000.000 Eur |
|
Number of Employees |
: |
from 201 to 250 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
1.237.000 - Eur |
|
Score |
: |
Risk low |
|
Creditworthness Rate |
: |
Excellent |
|
|
|
Financial/patrimonial analysis very good - Credit with very low risk |
ACTIVITY
Production of various material resulting from wire processing.
Manufacture of metallic bridges and metallic foot-bridges.
Manufacturing of metal furniture and fittings.
LEGAL DATA
Legal Form
: Joint stock company
|
Fiscal Code : 03147720159 |
|
Foreign Trade Reg. no.
: MI001244 since 02/12/1991 |
|
Foreign Trade Reg. no.
: 1244 of Milano since 02/12/1991 |
|
Chamber of Commerce no. :
167025 of Lecco |
|
Chamber of Commerce no. :
681572 of Milano since 22/12/1964 |
|
Firms' Register : MI146-125645 since 19/02/1996 |
|
V.A.T. Code : 03147720159 |
|
Foundation Date |
: 15/12/1964 |
|
|
Establishment Date |
: 15/12/1964 |
|
|
Start of Activities |
: 15/12/1964 |
|
|
Legal Duration Date |
: 31/12/2100 |
|
|
Nominal Capital |
: 2.500.000 |
Eur |
|
Subscribed Capital |
: 2.500.000 |
Eur |
|
Paid up Capital |
: 2.500.000 |
Eur |
MEMBERS
|
Costacurta |
Maria Ada |
|
Born in Galbiate |
(CO) |
on 14/07/1925 |
- Fiscal Code : CSTMRD25L54D865Z |
|
Residence : |
Via |
Pergolesi |
, 9 |
- 20124 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Honorary President |
10/01/2000 |
|
|
No Protests registered.
|
Fedeli |
Valerio |
|
Born in Jesi |
(AN) |
on 22/07/1947 |
- Fiscal Code : FDLVLR47L22E388X |
|
Residence : |
Via |
La Spina |
, 94 |
- 60044 |
Fabriano |
(AN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/09/2006 |
|
|
No Protests registered.
|
Mondello |
Paolo |
|
Born in Milano |
(MI) |
on 29/06/1954 |
- Fiscal Code : MNDPLA54H29F205H |
|
Residence : |
Via |
Monte Leone |
, 2 |
- 20149 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
02/05/2006 |
|
|
|
Director |
28/04/2006 |
|
|
|
Procurator |
08/11/1982 |
|
|
|
Board Chairman |
02/07/2007 |
|
|
No Protests registered.
|
Pirola |
Gianfranco |
|
Born in Barce |
on 20/09/1938 |
- Fiscal Code : PRLGFR38P20Z326A |
|
Residence : |
Viale |
Dante |
, 20 |
- 22053 |
Lecco |
(LC) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/04/2006 |
|
|
No Protests registered.
|
Manzoni |
Osvaldo |
|
Born in Missaglia |
(CO) |
on 17/02/1957 |
- Fiscal Code : MNZSLD57B17F248U |
|
Residence : |
Via |
Delle Rose |
, 9 |
- 23873 |
Missaglia |
(LC) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Responsible |
10/01/2000 |
|
|
|
Responsible technician |
28/06/2002 |
|
|
No Protests registered.
|
Orioli |
Marco |
|
Born in Milano |
(MI) |
on 19/09/1951 |
- Fiscal Code : RLOMRC51P19F205K |
|
Residence : |
Via |
Pianell Salvatore |
, 21 |
- 20125 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
26/07/2005 |
|
|
No Protests registered.
|
Gambino |
Renzo |
|
Born in Milano |
(MI) |
on 06/08/1940 |
- Fiscal Code : GMBRNZ40M06F205Y |
|
Residence : |
Via |
Mons. Cazzaniga |
, 33 |
- 20064 |
Gorgonzola |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
26/07/2005 |
|
|
No Protests registered.
|
Bodega |
Domenico |
|
Born in Lecco |
(CO) |
on 05/10/1960 |
- Fiscal Code : BDGDNC60R05E507J |
|
Residence : |
Via |
Soave Francesco |
, 7 |
- 20135 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/09/2006 |
|
|
No Protests registered.
|
Mondello |
Allegra |
|
Born in Milano |
(MI) |
on 19/04/1985 |
- Fiscal Code : MNDLGR85D59F205F |
|
Residence : |
Via |
Monte Leone |
, 2 |
- 20149 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/04/2008 |
|
|
No Protests registered.
|
Valli |
Marco |
|
Born in Lezzeno |
(CO) |
on 09/11/1968 |
- Fiscal Code : VLLMRC68S09E569R |
|
Residence : |
Via |
Pescau |
, 38 |
- 22025 |
Lezzeno |
(CO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Person in charge |
28/06/2002 |
|
|
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.
|
MONDELLO |
PAOLO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
MOFIN S.R.L. |
Milano (MI) - IT - |
01259550133 |
Managing Director |
- |
Ceased |
|
MONDELLO DI BRUNO MONDELLO E MARIA ADA COSTACURTA E C. SAS |
Milano (MI) - IT - |
10197320152 |
Limited Partner |
Active |
Registered |
|
PM FINANZIARIA S.P.A. |
Milano (MI) - IT - |
07588800156 |
Director |
Active |
Registered |
|
PM FINANZIARIA S.P.A. |
Milano (MI) - IT - |
07588800156 |
Board Chairman |
Active |
Registered |
|
MANZONI |
OSVALDO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
ASSOCIAZIONE LOMANIGA |
MISSAGLIA (LC) - IT - |
01615170139 |
Legal representative |
Dismiss |
Registered |
|
TUBETTIFICIO EUROPEO S.P.A. |
Lecco (CO) - IT - |
01675420135 |
Procurator |
- |
Ceased |
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 |
|
Costacurta S.p.a. Vico |
Milano - IT - |
03147720159 |
249.998 .Eur |
9,99 |
|
Costacurta Maria Ada |
Milano - IT - |
CSTMRD25L54D865Z |
31.528 .Eur |
1,26 |
|
Pm Finanziaria S.p.a. |
Milano - IT - |
07588800156 |
2.186.946 .Eur |
87,47 |
|
Mondello Paolo |
Milano - IT - |
MNDPLA54H29F205H |
31.528 .Eur |
1,26 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
Costacurta S.p.a. Vico |
Milano - IT - |
03147720159 |
249.998 .Eur |
9,99 |
Active |
|
CONSORZIO POLO TECNOLOGICO MAGONA |
Cecina - IT - |
01228620496 |
7.746 .Eur |
8,33 |
Active |
STRUCTURE AND COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
since 15/12/1964 |
in : |
|
|
|
|
|
Via Privata |
Grazioli Don B. |
, 30 |
- 20100 - |
Milano |
(MI) |
- IT - |
|
|
|
|
|
Total Surface: 1.200 (Sq.Mt.) |
|
|
|
|
PHONE |
: 02/66202066 |
|
|
|
|
FAX |
: 02/66202099 |
|
- |
Branch |
(Factory ) |
since 01/10/1979 |
in : |
|
|
|
|
|
Via |
Valmolina Inferiore |
, 130 |
- 23852 - |
Garlate |
(LC) |
- IT - |
|
|
|
|
|
Total Surface: 20.000 (Sq.Mt.) |
|
- |
Branch |
(Factory ) |
since 29/06/1998 |
in : |
|
|
|
|
|
Via |
Adda |
, 20 |
- 23854 - |
Olginate |
(LC) |
- IT - |
|
|
|
|
|
Total Surface: 10.000 (Sq.Mt.) |
|
|
|
|
Employees |
: 230 |
|
|
|
|
Fittings and Equipment |
for a value of
10.870.000 |
Eur |
|
|
|
|
Stocks |
for a value of
12.350.000 |
Eur |
|
|
|
|
Furniture and fittings |
for a value of 270.000 |
Eur |
|
|
|
|
Vehicles |
for a value of
220.000 |
Eur |
|
|
The firm operates abroad as importer / exporter. .
To purchase foreign products the firm uses the following channels :
|
- direct orders to foreign companies |
Export represents from 20% to 50% of the global turnover.
Products abroad are placed by :
|
- importers |
|
- its own agents |
|
- direct orders from foreign companies |
Export is mainly towards:
|
- Austria |
|
- Francia |
|
- Belgio |
|
- Islanda |
HISTORICAL INFORMATION AND/OR
FIRM'S STATUS
|
Company Style
modifications |
|
Former Style |
New Style |
Changement Date |
|
Immobiliare Manzoni S.p.A. |
|
01/10/1979 |
|
Ex-Members /
Ex-Positions |
|
Costacurta |
Maria Ada |
|
Born in Galbiate |
on 14/07/1925 |
- Fiscal Code : CSTMRD25L54D865Z |
|
Residence : |
Via |
Pergolesi |
, 9 |
- 20124 |
Milano |
(MI) |
- IT - |
|
Position |
|
Chairman |
|
Mondello |
Bruno |
|
Born in TORINO |
on 25/04/1927 |
- Fiscal Code : MNDBRN27D25L219C |
|
Residence : |
Via |
PERGOLESI GIOVANNI BATTISTA |
, 9 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Managing Director |
|
Director |
|
Board Chairman |
|
Fedeli |
Valerio |
|
Born in Jesi |
on 22/07/1947 |
- Fiscal Code : FDLVLR47L22E388X |
|
Residence : |
Via |
La Spina |
, 94 |
- 60044 |
Fabriano |
(AN) |
- IT - |
|
Position |
|
Director |
|
Mondello |
Paolo |
|
Born in Milano |
on 29/06/1954 |
- Fiscal Code : MNDPLA54H29F205H |
|
Residence : |
Via |
Monte Leone |
, 2 |
- 20149 |
Milano |
(MI) |
- IT - |
|
Position |
|
General Manager |
|
Cattaneo |
Alberto |
|
Born in CORTE |
on 24/10/1922 |
- Fiscal Code : CTTLRT22R24D053O |
|
Residence : |
Via |
GIOVANNI XXIII |
, 3 |
- 23801 |
Calolziocorte |
(LC) |
- IT - |
|
Position |
|
Permanent Auditor |
|
Monti |
Patrizia |
|
Born in Casale Monferrato |
on 17/10/1969 |
- Fiscal Code : MNTPRZ69R57B885G |
|
Residence : |
Via |
Giulio Cesare |
, 150 |
- 21040 |
Cislago |
(VA) |
- IT - |
|
Position |
|
Temporary Auditor |
|
Former seats |
|
- |
Secondary office |
|
|
|
|
|
|
- Santpoort |
- NL - |
|
The firm absorbed by merging of |
|
COSTACURIA E C. S.A.S. |
|
, MILANO |
- IT - |
|
Date |
: |
01/10/1979 |
PAYMENTS ANALYSIS
The average term of debts to suppliers is shorter than the sector one.
PAYMENTS SCORE : - No insolvency
CREDIT REVOLVING
During last Year, the subject of inquiry has not been monitored by our
company.
PROTESTS
Protests checking on the subject firm has given a negative result.
OTHER DETRIMENTAL EVENTS
Against the firm the following events are registered:
|
Type |
Subject |
Expiry Date |
Amount |
Reason |
Result |
Closure Date |
|
None registered |
|
27/09/2004 |
0. |
|
|
|
LEGAL PROCEDURES
None reported, standing to the last received edition of the Official
Publications.
IMMOVABLES *
*No specific (mortgage/cadastrial registrations) inspections have been
requested.
|
Immovable Type |
Value |
|
Real estates |
10.972.868 .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 1964
During the last years, it recorded positive net results (r.o.e. 7,3% in
2006) but without a significant increase in the turnover.
The operating result was positive in the last financial year (9,15%) and
reflects the field's average.
Excellent equity structure since liquidity is higher than short term
liabilities.
Moderate recourse to bank credit while the exposure towards suppliers is
rather high even if it is lower than the sector's average.
Liquidity is good (3,68)
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
46.251.365 |
filed balance sheet |
|
Profit (Loss) for the period |
3.888.122 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
43.766.494 |
filed balance sheet |
|
Profit (Loss) for the period |
4.376.874 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
38.983.454 |
filed balance sheet |
|
Profit (Loss) for the period |
4.989.417 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2003 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
36.505.909 |
filed balance sheet |
|
Profit (Loss) for the period |
3.134.420 |
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 ) |
|
|
26.031.385 |
26.467.792 |
|
. Intangible assets |
|
|
51.253 |
183.580 |
|
. Tangible fixed assets |
|
|
23.165.583 |
22.556.508 |
|
. . Land and buildings |
|
|
10.972.868 |
9.997.655 |
|
. . Plants, Equipm.and Machinery |
|
|
10.872.241 |
11.443.682 |
|
. Long-term Investments |
|
|
2.814.549 |
3.727.704 |
|
. . Financial loans |
|
|
451.529 |
426.684 |
|
. . Own shares |
|
|
175.020 |
175.020 |
|
CURRENT ASSETS |
|
|
45.030.754 |
38.967.363 |
|
. Stock |
|
|
12.349.829 |
10.612.183 |
|
. Credits |
|
|
14.425.552 |
12.734.781 |
|
. . Credits to clients |
|
|
13.401.711 |
12.179.766 |
|
. . Other credits |
|
|
1.023.841 |
555.015 |
|
. Short-term financial assets |
|
|
928.362 |
|
|
. Liquid assets |
|
|
17.327.011 |
15.620.399 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
26.529 |
25.501 |
|
TOTAL ASSETS |
|
|
71.088.668 |
65.460.656 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
53.223.129 |
50.122.504 |
|
. Company's capital |
|
|
2.500.000 |
2.500.000 |
|
. Reserves |
|
|
46.659.899 |
43.070.538 |
|
. Reserves company's own shares |
|
|
175.020 |
175.020 |
|
. Retained profits (losses) |
|
|
88 |
72 |
|
. Profit (loss) |
|
|
3.888.122 |
4.376.874 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
1.416.916 |
1.188.271 |
|
SEVERANCE INDEMNITY FUND |
|
|
4.208.666 |
3.989.599 |
|
DEBTS |
|
|
12.234.126 |
10.158.003 |
|
. Financial M/L terms |
|
|
|
|
|
. . Financial M/L term banks |
|
|
|
|
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
|
|
|
. . Financial short-term banks |
|
|
|
|
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
|
|
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
7.658.367 |
5.758.530 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
4.575.759 |
4.399.473 |
|
ACCRUED EXPENSE |
|
|
5.831 |
2.279 |
|
TOTAL LIABILITIES |
|
|
71.088.668 |
65.460.656 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
47.600.240 |
44.978.866 |
|
. Revenues from sales/services |
|
|
46.251.365 |
43.766.494 |
|
. Change of stock (products) |
|
|
784.391 |
561.606 |
|
OPERATING EXPENSES |
|
|
41.092.990 |
38.078.963 |
|
. Purchasing expenses |
|
|
20.006.075 |
17.188.618 |
|
. Change of stock (raw material) |
|
|
-942.450 |
-883.249 |
|
. Expenses from services |
|
|
8.478.426 |
8.736.953 |
|
. Expenses from leasing |
|
|
19.830 |
10.821 |
|
. General expenses/sundry charges |
|
|
260.526 |
249.753 |
|
. Staff expenses |
|
|
10.716.216 |
10.271.614 |
|
. Depreciation/Devaluation costs |
|
|
2.554.367 |
2.504.453 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
407.062 |
337.435 |
|
. Financial charges |
|
|
-78.447 |
4.340 |
|
. Financial revenues |
|
|
485.509 |
333.095 |
|
FINANCIAL ASSETS CORRECTION |
|
|
69.549 |
156.021 |
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
-6.413 |
236.110 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
6.977.448 |
7.629.469 |
|
TAX |
|
|
3.089.326 |
3.252.595 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
3.888.122 |
4.376.874 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2006 |
as at 31/12/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
2,20 |
2,04 |
1,70 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
n.c. |
n.c. |
2,40 |
|
Current ratio |
Units |
=> 1 |
l |
3,68 |
3,83 |
1,28 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
2,67 |
2,79 |
0,91 |
|
Return on Sales |
% |
|
l |
13,92 |
15,72 |
4,20 |
|
Average stock waiting period |
dd |
|
l |
96,12 |
87,26 |
60,87 |
|
Credits to clients average term |
dd |
|
l |
104,29 |
100,15 |
127,42 |
|
Debts to suppliers average term |
dd |
|
l |
96,69 |
79,92 |
146,23 |
|
Net financial revenues/ charges incidence |
% |
|
l |
0,88 |
0,77 |
- 1,03 |
|
Labour cost incidence |
% |
|
l |
23,16 |
23,46 |
19,34 |
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; n.c.=not computable)
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:
1.237.000 .Eur.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
3.839.216 |
|
Population living in the region |
: |
9.393.092 |
|
Number of families in the region |
: |
3.858.736 |
Monthly family expences average in the region (in Eur.) :
|
- per food products |
: |
460 |
|
- per non food products |
: |
2.090 |
|
- per energy consume |
: |
114 |
SECTOR DATA
The values are calculated on a base of 1.713 significant companies.
The companies cash their credits on an average of 127 dd.
The average duration of suppliers debts is about 146 dd.
The sector's profitability is on an average of 4,20%.
The labour cost affects the turnover in the measure of 19,34%.
Goods are held in stock in a range of 60 dd.
The difference between the sales volume and the resources used to
realize it is about 1,13.
The employees costs represent the 19,65% of the production costs.
STATISTICAL DETRIMENTAL DATA
Statistcally the trade activity shows periods of crisis.
The area is statistically considered lowly risky.
In the region 50.886 protested subjects are found; in the province they
count to 24.765.
The insolvency index for the region is 0,55, while for the province it
is 0,66.
Total Bankrupt companies in the province : 22.523.
Total Bankrupt companies in the region : 39.612.
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%)