MIRA INFORM REPORT
|
Report Date : |
18.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
BORGHI S.P.A
|
|
|
|
|
Registered Office : |
Via Cristoforo Colombo, 12 Cavazzona, 41013-
Castelfranco Emilia (MO) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
01.01.1981 |
|
|
|
|
Com. Reg. No.: |
MO023-16524 since 19/02/1996 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturer of metal forming machinery and tool machines |
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 : |
250.000 Eur |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
No Complaints |
|
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
Borghi S.p.a
Via Cristoforo Colombo, 12 Cavazzona
41013 - Castelfranco Emilia (MO) -IT-
Summary
|
Fiscal Code |
: |
01346250366 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
14/10/1981 |
|
Equity |
: |
Over 2.582.254 Eur |
|
|
: |
18.000.000/20.000.000 Eur |
|
Number of Employees |
: |
from 176 to 200 |
Credit Analysis
|
Credit Opinion |
: |
250.000 - Eur |
Activity
Manufacture of metal forming machinery and tool machines
Legal Data
Legal Form : Joint stock company
|
Fiscal Code : 01346250366 |
|
Foreign Trade Reg. no. : MO010486 since 09/01/1992 |
|
Chamber of Commerce no. : 209839 of |
|
Firms' Register : MO023-16524 since 19/02/1996 |
|
V.A.T. Code : 01346250366 |
|
Foundation date |
: 01/01/1981 |
|
|
Establishment date |
: 14/10/1981 |
|
|
Start of Activities |
: 14/10/1981 |
|
|
Legal duration |
: 31/12/2040 |
|
|
Nominal Capital |
: 5.877.517 |
Eur |
|
Subscribed Capital |
: 5.877.517 |
Eur |
|
Paid up Capital |
: 5.877.517 |
Eur |
Members
|
Ferrari |
Enzo |
|
|
|
Born in Castelfranco Emilia |
(MO) |
on 29/01/1950 |
- Fiscal Code : FRRNZE50A29C107E |
|
|
|
Residence : |
Via |
Galilei |
, 25 |
- 41013 |
Castelfranco Emilia |
(MO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/04/2008 |
|
|
|
Board Chairman |
28/04/2008 |
|
|
|
|
No Protests registered |
|
|
Righi |
Mauro |
|
|
|
Born in Castelfranco Emilia |
(MO) |
on 25/09/1950 |
- Fiscal Code : RGHMRA50P25C107X |
|
|
|
Residence : |
Via |
Solferino |
, 23 |
- 41013 |
Castelfranco Emilia |
(MO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/04/2008 |
|
|
|
|
No Protests registered |
|
|
Solato |
Claudio |
|
|
|
Born in Castelfranco Emilia |
(MO) |
on 10/02/1947 |
- Fiscal Code : SLTCLD47B10C107F |
|
|
|
Residence : |
Via |
San Michele |
, 7 |
- 41013 |
Castelfranco Emilia |
(MO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/04/2008 |
|
|
|
Assistant board Chairman |
28/04/2008 |
|
|
|
No Protests registered |
|
|
Galavotti |
Stefano |
|
|
Born in Mirandola |
(MO) |
on 26/06/1956 |
- Fiscal Code : GLVSFN56H26F240S |
|
|
|
Residence : |
Via |
Brunatti |
, 18 |
- 41037 |
Mirandola |
(MO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/04/2008 |
|
|
|
|
No Protests registered |
|
|
Biagi |
Fabrizio |
|
|
|
Born in |
(MO) |
on 07/09/1963 |
- Fiscal Code : BGIFRZ63P07F257D |
|
|
|
Residence : |
Via |
Monte |
, 45 |
- 41013 |
Castelfranco Emilia |
(MO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/04/2008 |
|
|
|
|
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 have
holded positions.
|
|
FERRARI |
ENZO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
CONSORZIO AREA INDUSTRIALE CAVAZZONA |
Castelfranco Emilia (MO) - IT - |
02736490364 |
Assistant board
Chairman |
Active |
Registered |
|
TECHNO PLASTIC S.R.L. |
Castelfranco Emilia (MO) - IT - |
02579000361 |
Director |
Active |
Registered |
|
UNIMAC S.R.L. |
Zola Predosa (BO) - IT - |
03279300374 |
Director |
Active |
Registered |
The indication "REGISTERED" as Firm Status could refer to
Firms in Liquidation, Active, Inactive, etc.
For more information, in this case, we advise to request further
investigations.
Capital Shareholders
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Borghi S.p.a |
Castelfranco Emilia - IT - |
01346250366 |
1.075.116 .Eur |
18,29 |
|
Simoni Rino |
Castelfranco Emilia - IT - |
SMNRNI46B26C107K |
352.739 .Eur |
6,00 |
|
Ferrari Enzo |
Castelfranco Emilia - IT - |
FRRNZE50A29C107E |
971.473 .Eur |
16,52 |
|
Biagi Romano |
Castelfranco Emilia - IT - |
BGIRMN39M18C107Q |
871.607 .Eur |
14,82 |
|
Righi Mauro |
Castelfranco Emilia - IT - |
RGHMRA50P25C107X |
377.431 .Eur |
6,42 |
|
Solato Claudio |
Castelfranco Emilia - IT - |
SLTCLD47B10C107F |
878.508 .Eur |
14,94 |
|
PELLICCIARI PAOLO |
Monteveglio - IT - |
PLLPLA53C02C107E |
42.415 .Eur |
0,72 |
|
GHIOTTO ANTONELLA |
Monteveglio - IT - |
GHTNNL59A57C107O |
62.041 .Eur |
1,05 |
|
Galavotti Stefano |
Mirandola - IT - |
GLVSFN56H26F240S |
110.493 .Eur |
1,87 |
|
Biagi Fabrizio |
Castelfranco Emilia - IT - |
BGIFRZ63P07F257D |
65.559 .Eur |
1,11 |
|
Ferrari Fabio |
|
FRRFBA79C06C107E |
91.203 .Eur |
1,55 |
|
Solato Stefano |
|
SLTSFN70M08C107Y |
55.806 .Eur |
0,94 |
|
Biagi Cinzia |
|
BGICNZ68S68F257I |
65.559 .Eur |
1,11 |
|
Olivieri Valeria |
|
LVRVLR74M66L885E |
186.102 .Eur |
3,16 |
|
Anderlini Paolo |
|
NDRPLA59R26A944B |
218.309 .Eur |
3,71 |
|
Bellucci Massimo |
|
BLLMSM65M27F257K |
218.309 .Eur |
3,71 |
|
Pini Vittorio |
|
PNIVTR70E05F257C |
132.471 .Eur |
2,25 |
|
Generali Glauco |
|
GNRGLC75L12A944K |
55.806 .Eur |
0,94 |
|
Roversi Giampaolo |
|
RVRGPL67H13C107T |
46.570 .Eur |
0,79 |
Direct Participations
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares
Amount |
% Ownership |
since |
until |
Share Status |
|
Borghi S.p.a |
Castelfranco Emilia - IT - |
01346250366 |
1.075.116 .Eur |
18,29 |
|
|
Active |
|
Techno Plastic S.r.l. |
Castelfranco Emilia - IT - |
02579000361 |
32.536 .Eur |
70,00 |
|
|
Active |
|
M.A.S.S. - S.N.C. - DI RIGHI MAURO E C. |
Castelfranco Emilia (MO) - IT - |
00183650365 |
50.106 .Eur |
99,00 |
|
|
Active |
Firm's location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
|
|
|
|
|
Via |
Cristoforo Colombo |
, 12 Loc. CAVAZZONA |
- 41013 |
- Castelfranco Emilia |
(MO) |
- IT - |
|
|
|
|
Employees |
: 178 |
|
Fittings and Equipment for a value of 760.000 |
Eur |
|
Stocks for a value of 7.540.000 |
Eur |
Trade organization: direct or by agents.
Sales area on a national scale.
Transports are mainly done using own vehicles and third parties ones
The company 's mainly customers are companies.
|
|
Export represents more than 50% of the global turnover.
Products abroad are placed by :
|
- its own agents |
|
- direct orders from foreign companies |
Company uses to accept the following term of sales: 30-60-90 days.
Financial means used for sale: bank transfers and bank orders.
Purchase terms: 60-90-120 days.
Export is mainly towards:
|
- Grecia |
|
- Irlanda |
|
- |
|
- Etiopia |
Historical Information and/or
Firm's Status
EX-MEMBERS / EX-POSITIONS:
|
|
Giacobazzi |
Gabriele |
|
|
|
Born in Sassuolo |
on 24/03/1961 |
- Fiscal Code : GCBGRL61C24I462Y |
|
|
|
Residence : |
Via |
Nuova |
, 4296 |
- 41048 |
Prignano sulla Secchia |
(MO) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Poddesu |
Antonella |
|
|
|
Born in |
on 02/03/1965 |
- Fiscal Code : PDDNNL65C42F257T |
|
|
|
Residence : |
Via |
Tito Speri |
, 136 |
- 41100 |
|
(MO) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
Tufariello |
Fausto |
|
|
|
Born in MILANO |
on 24/05/1959 |
- Fiscal Code : TFRFST59E24F205Y |
|
|
|
Residence : |
Via |
|
, 35 |
- 41049 |
Sassuolo |
(MO) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Cartelli |
Claudio |
|
|
|
Born in Sassuolo |
on 29/03/1953 |
- Fiscal Code : CRTCLD53C29I462N |
|
|
|
Residence : |
Piazza |
Martiri Partigiani |
, 68 |
- 41049 |
Sassuolo |
(MO) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Butturi |
Giorgio |
|
|
Born in Mirandola |
on 17/10/1946 |
- Fiscal Code : BTTGRG46R17F240F |
|
|
|
Residence : |
Via |
Antonio Diliberto |
, 11 |
- 41037 |
Mirandola |
(MO) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Ferrari |
Enzo |
|
|
|
Born in Castelfranco Emilia |
on 29/01/1950 |
- Fiscal Code : FRRNZE50A29C107E |
|
|
|
Residence : |
Via |
Galilei |
, 25 |
- 41013 |
Castelfranco Emilia |
(MO) |
- IT - |
|
Ex-Postions |
|
Assistant board Chairman |
|
|
Biagi |
Romano |
|
|
|
Born in Castelfranco Emilia |
on 18/08/1939 |
- Fiscal Code : BGIRMN39M18C107Q |
|
|
|
Residence : |
Via |
Piave |
, 40 |
- 41013 |
Castelfranco Emilia |
(MO) |
- IT - |
|
Ex-Postions |
|
Director |
|
Board Chairman |
|
Barbari |
Amos |
|
|
|
Born in Pavullo Nel Frignano |
on 27/09/1948 |
- Fiscal Code : BRBMSA48P27G393F |
|
|
|
Residence : |
Via |
Ca' Bianca |
, 50 |
- 40050 |
Monteveglio |
(BO) |
- IT - |
|
Ex-Postions |
|
Director |
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of merging by taking over of |
|
|
|
Osmas 3 S.R.L. |
|
|
|
Via |
Fermi |
, 4/6 |
, 41013 |
, Castelfranco Emilia |
(MO) |
- IT - |
|
|
|
Fiscal Code: 00223610361 |
|
|
|
Date |
Merging/splitting-up project : |
20/05/2005 |
|
|
The firm absorbed by merging of |
|
|
|
Osmas 3 S.R.L. |
|
|
|
Via |
Fermi |
, 4/6 |
, 41013 |
, Castelfranco Emilia |
(MO) |
- IT - |
|
|
|
Fiscal Code: 00223610361 |
|
|
|
Date |
: |
26/09/2005 |
|
|
Project of merging by taking over of |
|
|
|
M.A.S.S. - S.N.C. - DI RIGHI MAURO E C. |
|
|
|
Via |
Emilia Ovest |
, 42 |
, 41013 |
, Castelfranco Emilia (MO) |
- IT - |
|
|
|
Fiscal Code: 00183650365 |
|
|
|
Date |
Merging/splitting-up project : |
12/06/2006 |
|
|
The firm absorbed by merging of |
|
|
|
M.A.S.S. - S.N.C. - DI RIGHI MAURO E C. |
|
|
Via |
Emilia Ovest |
, 42 |
, 41013 |
, Castelfranco Emilia (MO) |
- IT - |
|
|
|
Fiscal Code: 00183650365 |
|
|
|
Date |
: |
20/11/2006 |
Protests
Protests checking on the subject firm has given a negative result.
Legal Procedures
None reported, standing to the latest received edition of the Official
Publications.
Immovables *
*Subject to survey.
|
Immovable Type |
Value |
|
Real estates |
19.752.798 - Eur |
NB.: For Capital Companies the value of the Immovables is the one
reported in the latest available financial documents.
Financial and Economical Analysis
Subject is active since 1981
The economic-financial analysis has been made on the base of the b/s of
the latests three years.
In the economic management , good and bad results followed on by turns.
with a loss in the last financial year. Business volume is falling in the last
financial year.
The operating result in 2009 was positive (1,64%) falling within the
field's average.
An operating result of Eur. 666.432 has been registered. , with no
sizeable change as opposed to the year before.
During the latest financial year the gross operating margin amounted to
Eur. 1.631.388 ,with no change if compared to the year before.
Very good financial situation: shareholder's equity covers short-terms
debts with an indebtedness level equal to 0,64 increasing compared to last year
(0,54)
The equity capital is equal to Eur. 17.800.324 , unchanged if compared
to 2008.
Total indebtedness was equal to Eur. 20.028.878 (Eur. 8.222.580 was the
value of m/l term debts) , a more or less stable value.
The company does not exceed in bank credits; payments average period is
instead slightly high (113,09 gg.) but lower than the field average.
It shows a good range of liquidity.
As far as the collection of credit goes, the average is high (106,11
days). within the standard level of the average of the sector.
As far as the cash flow is concerned during the latest financial year it
amounted to Eur. 959.539
Subordinate employment cost is of Eur. 7.976.860, i.e. 43,89% on total
production costs. and a 40,68% incidence on sales volumes.
Financial charges are high: the incidence on sales volume amounts to
-1,73%
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
19.607.615 |
|
Profit (Loss) for the period |
-4.495 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
21.550.681 |
|
Profit (Loss) for the period |
-8.222 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
22.939.824 |
|
Profit (Loss) for the period |
429.696 |
|
|
|
Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
21.925.308 |
|
Profit (Loss) for the period |
173.383 |
|
|
|
Complete balance-sheet for the year |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
20.538.156 |
|
Profit (Loss) for the period |
-295.188 |
Balance Sheets
From our constant monitoring of the relevant Public Administration
offices, no more recent balance sheets result to have been filed.
|
- Balance Sheet as at 31/12/2009 - 12 Mesi - Currency: Eur - Amounts x
1 |
|
- Balance Sheet as at 31/12/2008 - 12 Mesi - Currency: Eur - Amounts x
1 |
|
- Balance Sheet as at 31/12/2007 - 12 Mesi - Currency: Eur - Amounts x
1 |
|
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|
|
RATIOS |
Value Type |
as at 31/12/2009 |
as at 31/12/2008 |
as at 31/12/2007 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,61 |
0,57 |
0,48 |
0,18 |
|
Elasticity Ratio |
Units |
0,39 |
0,43 |
0,50 |
0,80 |
|
Availability of stock |
Units |
0,19 |
0,23 |
0,28 |
0,26 |
|
Total Liquidity Ratio |
Units |
0,20 |
0,20 |
0,22 |
0,44 |
|
Quick Ratio |
Units |
0,02 |
0,03 |
0,01 |
0,02 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
0,64 |
0,54 |
0,77 |
3,95 |
|
Self Financing Ratio |
Units |
0,44 |
0,46 |
0,33 |
0,13 |
|
Capital protection Ratio |
Units |
0,67 |
0,67 |
0,40 |
0,60 |
|
Liabilities consolidation quotient |
Units |
0,90 |
1,05 |
1,29 |
0,11 |
|
Financing |
Units |
1,13 |
1,00 |
1,59 |
5,08 |
|
Permanent Indebtedness Ratio |
Units |
0,70 |
0,73 |
0,70 |
0,30 |
|
M/L term Debts Ratio |
Units |
0,26 |
0,27 |
0,36 |
0,08 |
|
Net Financial Indebtedness Ratio |
Units |
0,78 |
0,65 |
0,83 |
0,76 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,14 |
1,28 |
1,43 |
1,78 |
|
Current ratio |
Units |
1,33 |
1,66 |
1,80 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,69 |
0,77 |
0,78 |
0,67 |
|
Structure's primary quotient |
Units |
0,72 |
0,80 |
0,69 |
0,93 |
|
Treasury's primary quotient |
Units |
0,07 |
0,13 |
0,06 |
0,02 |
|
Rate of indebtedness ( Leverage ) |
% |
228,59 |
219,40 |
296,27 |
711,85 |
|
Current Capital ( net ) |
Value |
3.906.987 |
6.683.360 |
7.078.818 |
260.523 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
4,89 |
3,76 |
5,22 |
2,69 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
- 0,03 |
- 0,05 |
4,05 |
3,59 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
2,18 |
2,20 |
11,03 |
23,65 |
|
Return on Investment ( R.O.I. ) |
% |
1,64 |
2,06 |
5,71 |
4,42 |
|
Return/ Sales |
% |
3,40 |
3,74 |
7,82 |
3,96 |
|
Extra Management revenues/charges incid. |
% |
- 0,67 |
- 1,02 |
23,92 |
14,09 |
|
Cash Flow |
Value |
959.539 |
810.168 |
1.199.177 |
61.403 |
|
Operating Profit |
Value |
666.432 |
805.106 |
1.795.806 |
126.277 |
|
Gross Operating Margin |
Value |
1.631.388 |
1.623.496 |
2.565.287 |
173.261 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
106,11 |
88,47 |
86,40 |
127,36 |
|
Debts to suppliers average term |
Days |
113,09 |
97,35 |
113,50 |
154,41 |
|
Average stock waiting period |
Days |
138,46 |
151,15 |
141,26 |
107,40 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,48 |
0,55 |
0,73 |
1,06 |
|
Rate of stock return |
Units |
2,60 |
2,38 |
2,54 |
3,34 |
|
Labour cost incidence |
% |
40,68 |
41,08 |
37,56 |
21,45 |
|
Net financial revenues/ charges incidence |
% |
- 1,73 |
- 2,42 |
- 2,14 |
- 1,57 |
|
Labour cost on purchasing expenses |
% |
43,89 |
40,97 |
38,66 |
21,15 |
|
Short-term financing charges |
% |
2,39 |
3,62 |
3,63 |
3,24 |
|
Capital on hand |
% |
207,52 |
181,33 |
136,90 |
94,33 |
|
Sales pro employee |
Value |
110.155 |
117.763 |
126.042 |
182.108 |
|
Labour cost pro employee |
Value |
44.813 |
48.373 |
47.347 |
36.959 |
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:
250.000Eur.
Market / Territory Data
|
Population living in the province |
: |
659.925 |
|
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 45 significant companies.
The companies cash their credits on an average of 127 dd.
The average duration of suppliers debts is about 154 dd.
The sector's profitability is on an average of 2,69%.
The labour cost affects the turnover in the measure of 21,45%.
Goods are held in stock in a range of 107 dd.
The difference between the sales volume and the resources used to
realize it is about 1,06.
The employees costs represent the 21,15% of the production costs.
Statistical Detrimental Data
The area is statistically considered lowly risky.
In the region 18.860 protested subjects are found; in the province they
count to 3.557.
The insolvency index for the region is 0,46, , while for the province it
is 0,55.
Total Bankrupt companies in the province : 2.526.
Total Bankrupt companies in the region : 14.698.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.24 |
|
|
1 |
Rs.72.57 |
|
Euro |
1 |
Rs.63.00 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.