MIRA
INFORM REPORT
|
Report Date : |
01.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
UNITEC SPA |
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Registered Office : |
Via Provinciale Cotignola 20/9 Lugo, 48022 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
06.12.1988 |
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Com. Reg. No.: |
01090820398 |
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Legal Form : |
Public Independent |
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Line of Business : |
Manufacture of machinery for food, beverage and tobacco processing |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Italy |
A2 |
A2 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name and address
Unitec SpA
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Business
Description
|
Unitec SpA is primarily engaged in manufacture of agricultural dryers;
manufacture of machinery for the dairy industry (cream separators; milk
processing machinery (homogenisers and irradiators); milk converting
machinery (butter churns, butter workers and moulding machines);
cheese-making machines (homogenisers, moulders, presses, etc.); manufacture
of machinery for the grain milling industry (winnowers, sieving belts,
cyclone separators, aspirator separators, grain brushing machines and the
like; grinding mills, “breading†rolls or mills, feeders, sifters, bran
cleaners, blenders, rice hullers, pea splitters); manufacture of presses,
crushers, etc. used to make wine, cider, fruit juices, etc.; manufacture of
machinery for the bakery industry or for making macaroni, spaghetti or
similar products (manufacture of non-electric bakery ovens, dough mixers,
dough-dividers, moulders, slicers, cake depositing machines, etc.);
manufacture of machines and equipment to process diverse food (machinery to
make confectionery, cocoa or chocolate; to manufacture sugar; for breweries;
to process meat or poultry; to prepare fruit, nuts or vegetables; to prepare
fish, shell fish or other sea-food; other machinery for the industrial
preparation or manufacture of food or drink; manufacture of machinery for the
extraction or preparation of animal or vegetable fats or oils; manufacture of
machinery for the preparation of tobacco and for the making of cigarettes or
cigars, or for pipe or chewing tobacco or snuff; and manufacture of machinery
for the preparation of food in hotels and restaurants. |
Industry
|
Industry |
|
|
ANZSIC 2006: |
2469 - Other Specialised Machinery and Equipment
Manufacturing |
|
NACE 2002: |
2953 - Manufacture of machinery for food, beverage
and tobacco processing |
|
NAICS 2002: |
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UK SIC 2003: |
2953 - Manufacture of machinery for food, beverage
and tobacco processing |
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US SIC 1987: |
Key Executives
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News
|
1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
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Executives Report
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Unitec sale kicks off new bid for syndicated properties
New Zealand
Herald, The
22 October 2011
By Colin Taylor
|
[What follows is
the full text of the news story.] Colliers
International's marketing of the Unitec Institute of Technology'sNorth Shore
campus launches a new ``strategic commitment'' by the agency to the sale of syndicated
properties, says chief executive Mark Synnott. The campus at 10
Rothwell Ave, Albany, is being sold to investors by Commercial Investment
Properties under a ``proportionate ownership'' scheme. Subscribers may
apply to buy one or several of the 173 titles, which are available at $50,000
each through Tim Lichtenstein and Charlie Oscroft of Colliers International. Each title
represents an equal proportion of the registered freehold title on the land
and building. The closing date
for subscribers is Friday, November 25, Synnott says. ``The Unitec
offering is part of our strategic commitment to building the company's
proportionate ownership business nationally, bolstered by the expertise and
database support in our Auckland CBD office,'' he says. ``Rather than
handling proportionate ownership sales on a reactive basis regionally as we
have in the past, we have decided to make a strategic focus at a national
level to proactively drive an increase in our market share of the New Zealand
syndications business. ``With over 350
Colliers International commercial property staff in 13 offices in New
Zealand, our distribution channels are well-positioned to co-ordinate and tap
into the proportionate ownership market.'' The company has
marketed the sale of several syndicated properties around New Zealand over
the past three to five years, most recently the Farmers building in Hastings
and the Airways Building in Christchurch. A projected 10
per cent pre-tax annual cash return is on offer for subscribers to the Unitec
syndication, plus income growth every second year through rent reviews to the
consumer price index plus 2 per cent. The property is fully let to Unitec on
a new seven-year lease which began in July, with rights of renewal extending
the term to 16 years. Total net rental is about $1,230,000. Lichtenstein
says he expects the Unitec scheme to appeal to existing syndication owners
from Auckland and around the country, as well as individuals and small family
trusts. ``Investors who
have bought into syndication offerings previously and are looking to
diversify into the education property sector will likely be interested in the
property, likewise investors from outside Auckland who are looking to buy
into its market.'' Oscroft believes
the scheme's hassle-free nature will be a big drawcard for many. ``The management
contract is in place and the property is fully tenanted by a stable,
long-term occupier, giving buyers a ready-made commercial property investment
which they can put away, forget about and enjoy the income.'' The modern,
well-presented industrial property comprises a big 10,215sq m floor area on a
1.4ha site. Two levels of offices are at the front of the building, with a
large high-stud warehouse to the rear. There are 131 on-site carparks and
attractive landscaping. The property is
within the North Harbour Industrial Precinct. Oscroft says Unitec temporarily
established a campus in Takapuna while it researched the most suitable
location for its new North Shore campus. Owing to its demand and forecast growth,
Unitec picked the Rothwell Ave site because of its efficient access to both
the Northern and Western Motorways, extensive public transport links and the
building's quality. ``The site and
its central North Shore location is well positioned for Unitec's planned
growth,'' he says. Unitec is New
Zealand's largest institute of technology and educates over 23,000 students
from more than 80 countries at its four Auckland campuses. It reported an
$8.8 million surplus in the year to last June. Its North Shore
campus is intended to give residents, industry and high schools throughout
the North Shore and Rodney district access to vocational education and
training. It offers students industry-relevant certificate and diploma
qualifications to help them to get a job, apprenticeship or continue
training. |
|
Research on Medical Education Described by Scientists at Unitec New
Zealand
Medical Education
Education Letter
05 October 2011
|
[What follows is
the full text of the news story.] A report, "Web-based
faculty development: e-learning for clinical teachers in the London
Deanery," is newly published data in The Clinical Teacher. "the
London Deanery has provided a web-based resource for supporting the
educational development needs of clinical teachers since 2002. This forms
part of a range of resources supporting the professional development of
clinical teachers and postgraduate supervisors," researchers in London,
United Kingdom report. "Following
a review in 2007, the deanery commissioned a series of new e-learning modules
designed as an introduction to clinical teaching. the deanery's faculty
development initiatives are one response to requirements of the Postgraduate
Medical Education and Training Board (PMETB), other policy drivers, workforce
demands and service changes," wrote J. McKimm and colleagues, Unitec New
Zealand. The researchers
concluded: "Increasingly, doctors are required to provide an educational
portfolio of evidence, and satisfy the teaching and training component of
Good Medical Practice in revalidation or recertification." McKimm and
colleagues published their study in The Clinical Teacher (Web-based faculty
development: e-learning for clinical teachers in the London Deanery. The
Clinical Teacher, 2010;7(1):58-62). For additional
information, contact J. McKimm, Unitec New Zealand Auckland?London Deanery,
London, UK. Publisher
contact information for the journal The Clinical Teacher is: Blackwell
Publishing Inc., 350 Main St., Malden, MA 02148, USA. |
|
Industrial gas vendor Air Liquide buys Unitec York for undisclosed
amount
Canadian Press DataFile
04 October 2011
|
[What follows is
the full text of the news story.] MONTREAL _
Industrial gas distributor Air Liquide Canada said Tuesday its has bought
Unitec York a gas, welding equipment and propane business, for an undisclosed
amount. The subsidiary
of France-based industrial gas supplier Air Liquide Group said it will add
privately owned Unitec York's filling plant in Concord, Ont., and seven
outlets in the Toronto area to its stable of Canadian operations. The acquisition
"significantly strengthens our presence in the Greater Toronto Area, a
market representing substantial growth potential, and creates immediate value
as we have complementary customer bases," Air Liquide Canada president
and CEO Luc Doyon said in a statement. "In
addition to enhancing our overall market position in Ontario, we will be able
to count on employees who have extensive distribution expertise and knowledge
of the GTA market." Richard Stangl,
son of founder Joe Stangl, will remain with the company in order to assist
with the integration. |
|
French Air Liquide acquires Canadian Unitec York
ADP France News
04 October 2011
|
[What follows is
the full text of the news story.] (SeeNews) - Oct
4, 2011 - French industrial gases group Air Liquide (EPA:AI) said on Tuesday
that its Canadian subsidiary had acquired nearly all the assets of Canadian
Unitec York, which distributes industrial gases in the province of Ontario. Financial
details were not disclosed. Unitec owns a
plant and seven sales points in the region around Toronto. The acquisition
will enable Air Liquide to reinforce its position in Ontario, which offers
good growth potential. The group will
be able to increase its market share and will benefit from the expertise of
Unitec in the distribution sector and from its knowledge of the local market,
Air Liquide Canada's CEO Luc Doyon said. Source: |
|
Air Liquide Canada Acquires Ontario-based Unitec York Inc.
Canada Newswire
04 October 2011
|
[What follows is
the full text of the news story.] MONTREAL, Oct.
4, 2011 /CNW Telbec/ - Air Liquide Canada, a subsidiary of Air Liquide Group,
the world leader in gases for industry, health and the environment, announced
today it has acquired substantially all of the assets of Unitec York Inc. and
the Universal division of Stangl Holdings Limited (Unitec). Specializing in
the distribution of industrial gases, welding equipment and propane, Unitec
is a family-owned organization established in 1969 by Joe Stangl. Unitec has
one filling plant located in Concord, Ontario, and 7 outlets mainly located
in the Greater Toronto Area (GTA). "We are
very pleased with the acquisition of Unitec. It significantly strengthens our
presence in the GTA, a market representing substantial growth potential, and
creates immediate value as we have complementary customer bases," said Air Liquide
Canada's President and CEO, Luc Doyon. "In addition to enhancing our
overall market position in Ontario, we will be able to count on employees who
have extensive distribution expertise and knowledge of the GTA market.
Unitec's reputation as a service-oriented and quality-conscious organization
is a welcomed addition to Air Liquide Canada's existing network." Richard Stangl,
son of founder Joe Stangl, will remain with the company in order to assist
with the integration, ensure its development over the long term and to make
the integrated network more efficient in Ontario.
Air Liquide in
Canada Founded in 1911,
Air Liquide Canada has over 2200 employees and serves over 80,000 customers
in Canada's aeronautics, automobile, agri-food, chemical, defence,
electronics, energy, metallurgy, metal fabrication, mining and healthcare
industries from our sites located in key industrial regions from coast to
coast. |
|
BEST IN THE WEST
NZ Business (New Zealand)
01 October 2011
By Anonymous
|
[What follows is
the full text of the news story.] The winners of the
i?th annual Westpac Auckland West Business Awards were announced recently at
a prestigious gala dinner held at Trusts Stadium. More than 600 guests
gathered to recognise local business and celebrate with the 10 winners across
13 categories. The Westpac
Supreme Business Award winner is construction company Canam Group Limited,
also winner of the Unitec Excellence in Innovation, Babich Wines Excellence
in Export and Douglas Pharmaceutical Best Large Business awards. The Rosebank
Business Association Young Business Person of the Year is Stephanie Yost -
marketing and communications manager at VisionWest Community Trust - and the
Corban Reved Best Small Business Award went to OHbaby! Limited, a publishing
company that produces OHBaby! parenting and lifestyle magazine and the
website www.ohbaby.co.nz. |
|
Whitecliffe success at Arts Awards
New Zealand Herald, The
28 September 2011
|
[What follows is
the full text of the news story.] S tudents participated
in the inaugural Eden Arts Art Schools Award which brought together for the
first time Auckland's four major art institutions, Whitecliffe College of
Arts and Design, Elam School of Fine Arts, Unitec and AUT. Institution names
and the names of the 24 students selected, (six from each institution), were
concealed while judging took place. Donna Summers, Whitecliffe Year 4 BFA
Fine Arts student, was the overall winner and received $5,000 in prize money. The judges were
National Business Review arts writer, John Daly-Peoples, gallerist, Kate
Mullins and new Artspace director, Caterina Riva. ``Students used
the art of the past and present to make relevant and illuminating comments on
personal, social and environmental issues'', said John Daly-Peoples. Another
highlight sees the work of three fashion graduates selected to represent
contemporary New Zealand fashion in Black in Fashion: Wearing the Colour
Black in New Zealand, the second major exhibition presented by the New
Zealand Fashion Museum, which will run in the Auckland Britomart precinct
until 24 October. Fashion
graduate, Maxine Wooldridge, launched her label Dmonic Intent at New Zealand
Fashion Week as part of the 2011 Miromoda Showcase and will also present at
the Miromoda Fashion Extravaganza held in Wellington. These shows have given
Maxine the platform to present her work on an international level. These successes
follow that of the 2011 Young Bridal Designer Competition won by Year 3
Fashion student, Samantha Wainstein. Samantha's prize includes an internship
with two of the world's most acclaimed and iconic couture bridal designers,
Cymbeline of Paris and Ruben Perlotti of Barcelona. Samantha will travel to
Paris in January 2012 and spend two weeks with each designer. A further two
scholarships were awarded this year for outstanding achievements resulting in
trips overseas. Fraser Bingham, a Year 4 Graphic student attended a top
Typography Workshop in San Francisco and the second scholarship was awarded
to Madeleine Harman, a Year 4 Fashion student, who will be joining students
from Montclair State University to travel to Paris and Antwerp on a Fashion
Study Abroad trip. The icing on the
cake came last week at the prestigious Wallace Arts Award where two of the
top five awards where given to a Whitecliffe alumni and a current tutor.
Akiko Diegel (2006 Whitecliffe BFA graduate) winner of the Wallace Arts Trust
Paramount Award also receives a 6 month-residency at the International Studio
and Curatorial Program in New York and current tutor, Matt Ellwood won The
Kaipara Foundation Wallace Trust Award and he receives a 3 month-residency at
the Altes Spital in Solothurn, Switzerland. Much of the
success can be contributed to the excellent programme and tutoring by faculty
at Whitecliffe College. ``Whitecliffe offers an environment of challenge,
creativity, individualism and discovery whilst pursuing professional
standards and recognition'', said Belinda Watt, HOD of Fashion. _ Supplied
editorial |
|
Turning creative concepts into commercial reality
New Zealand Herald, The
24 September 2011
By Angela McCarthy
|
[What follows is
the full text of the news story.] Furniture, toys,
equipment, tools _ product designers turn creative ideas into commercial
success. New Zealand's
five product design degree providers are Otago Polytechnic (Dunedin),
Victoria University and Massey University (Wellington), AUT and Unitec
(Auckland). Unitec's applied
degree covers furniture, exhibition design and commercial or consumer
products. Students spend
50 per cent of their time on practical creativity, 25 per cent developing
technical knowledge and skills, and 25 per cent on theory. The degree can be done
part-time, but fulltime study is strongly recommended because of the degree's
studio-based nature. Students learn
design sketching, 2D and 3D visualisation and modelling, computer-based
simulation and animation. They use the latest design software, working in
state-of-the-art CAD laboratories, workshops and photographic studios. There
is also a machine shop and ergonomics lab. Practical
projects are done in studios, with students working on design challenges,
researching consumer behaviour, visualising ideas and testing prototypes.
About half their projects are done in collaboration with real organisations,
such as Auckland Museum, Waitemata District Health Board and Design Mobel
(bedroom furniture). Graduates find
work across a variety of sectors, including architectural hardware for office
furniture; lighting; sports equipment; aeroplane interiors; and caravan
manufacturers. Some set up their own businesses. My main role at
IMO is computer-aided design (CAD), but I also help with product design. It is a hard
industry to crack. You quickly learn sending your portfolio out to 150 people
doesn't work. You need to make personal contacts. I got my current job
through contacts. I was introduced to IMO director Sam Houghton through a
mate on the course when I was doing project research and we had a good chat.
Later, when I was job-hunting, he got me to help with a furniture
installation and then offered me a job. I was blown away. I've been here
about four months now. My first job
after graduation was with Finewood Furniture. I did my third-year project
through them, designing an occasional chair for the commercial market that
had to convey the essence of New Zealand's identity and be flat-packed for
export. I really enjoyed the project. CAD was one of
the most useful skills I developed at Unitec , and I continued developing my
skills further. Since then I've used it for job after job, including my
current role at IMO. You use CAD to
check your designs will work and to precisely specify the design to
manufacturers; it's the bridge between the designer's sketch and the
manufacturer. We also did quite a bit of graphic design. I'm glad I have it
because it makes me more multi-disciplinary in my approach. Overall, the
Unitec course was very practical. The tutors brought in industry people who
were really interesting and we visited lots of factories and design studios. We learned how
to use creativity in a controlled way and find practical solutions by working
on lots of projects that required varying amounts of creative and technical
design. Campbell often
has to work autonomously, so he has to handle responsibility, establish
priorities and plan his workload to ensure he meets deadlines. Proficiency with
CAD software, spatial awareness and an understanding of three-dimensional
objects are some of the more obvious practical skills Campbell obtained
through the degree. Accuracy and
attention to detail are critical when it comes to CAD. Not only can a small mistake
be highly costly, we also work to really tight production deadlines There are many
potential solutions to a problem when you are designing a product, so you
need to decipher what option is best. It's a demanding, comprehensive process
_ you need to be resourceful and have plenty of initiative. Campbell has the
confidence to contribute valuable ideas in brainstorming sessions and the
ability to use concept and prototype testing information to inform the
product development process and initiate better ways of doing things. His degree has
provided a platform of problem-solving skills, persistence and
self-awareness. I also believe
the ``studio'' environment and critiques students undergo are fantastic for
teaching students how to communicate with others, be open to suggestions and
understand other people's viewpoints. Mistakes become part of learning and
you learn how to give constructive and honest feedback. |
|
NZ institutions, Lovely professional university sign MOUs
Early Times (India)
07 September 2011
|
[What follows is
the full text of the news story.] Jalandhar, Sept.
7 -- Lovely Professional University has signed two important MOUs with top
Institutions of New Zealand, Unitec Institute of Technology (UIT), Auckland
& Waikato Institute of Technology (WIT), Hamilton. These MOUs are
Inter-Institutional Agreement of Co-operation for Programmes of Staff Student
Exchange, Collaborative Research, Conferences and seminars, Co-operative
learning, Development and Application of Educational Methods and
Technologies, Visiting scholar programmes, Short-term training Programmes and
projects etc. In this regard,
detailed and separate MOUs have been duly signed by Rick Ede, President and
Chief Executive, UIT & Monica Gulati, Registrar, LPU, on one hand and
between Stewart Brougham, Director Inter-nationalization, WIT, & Aman
Mittal, Deputy Director, Division of International Affairs, LPU on the other,
on strategic level. Under this, the
Institutions will also work towards developing jointly accredited programmes
and in establishing academic programmes by means of open and distance
education. These MOUs are
in continuation to an active delegation participation from eight universities
of New Zealand at the University, in the month of April, 2011, which kept
streamlining the collaborative purposes, since then. However, the coveted
MOUs have only been signed with these two most promising and students
favouring Universities. It is worth
illustration that 'Unitec' is a member of the International Association of
Universities; whereas, 'Wintec' is one of New Zealand's largest Institutes of
Technology/Polytechnics (ITPs). Both of these are leading provider of high
quality, vocational and professional education across a wide range of skills
that are highly sought after around the world. Published by HT Syndication
with permission from Early Times. For any query with respect to this article
or any other content requirement, please contact Editor at htsyndication@hindustantimes.com |
|
Annual Profit & Loss
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.755078 |
0.719047 |
0.683679 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total income |
24.7 |
22.4 |
25.2 |
|
Net sales |
25.0 |
22.6 |
25.5 |
|
Other operating income |
0.1 |
0.0 |
0.1 |
|
Raw materials and consumables employed |
5.6 |
7.2 |
10.3 |
|
Other expenses |
10.7 |
5.1 |
5.4 |
|
Total payroll costs |
7.1 |
6.4 |
6.3 |
|
Fixed asset depreciation and amortisation |
0.4 |
0.4 |
0.3 |
|
Other operating costs |
0.2 |
0.3 |
0.1 |
|
Net operating income |
0.8 |
3.0 |
2.7 |
|
Total financial income |
0.1 |
0.1 |
0.1 |
|
Total expenses |
- |
0.0 |
0.0 |
|
Profit before tax |
0.9 |
3.0 |
2.8 |
|
Extraordinary result |
0.1 |
0.1 |
- |
|
Profit after extraordinary items and before tax |
1.0 |
3.1 |
2.5 |
|
Total taxation |
0.5 |
1.2 |
1.1 |
|
Net profit |
0.5 |
2.0 |
1.4 |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total stockholders equity |
6.7 |
6.7 |
4.5 |
|
Provision for risks |
0.0 |
0.0 |
0.0 |
|
Provision for pensions |
0.4 |
0.4 |
0.4 |
|
Trade creditors |
4.6 |
3.7 |
3.8 |
|
Advances received |
2.6 |
0.7 |
1.0 |
|
Other current liabilities |
2.8 |
2.7 |
2.9 |
|
Accruals and deferred income |
0.1 |
0.2 |
0.0 |
|
Total current liabilities |
10.2 |
7.3 |
7.9 |
|
Total liabilities (including net worth) |
17.3 |
14.5 |
12.8 |
|
Intangibles |
0.1 |
0.2 |
0.1 |
|
Buildings |
0.0 |
0.0 |
0.0 |
|
Total tangible fixed assets |
0.7 |
0.8 |
0.7 |
|
Long-term investments |
0.3 |
0.3 |
0.3 |
|
Total financial assets |
0.5 |
0.5 |
0.4 |
|
Receivables due after 1 year |
0.0 |
0.0 |
0.0 |
|
Total non-current assets |
1.3 |
1.5 |
1.2 |
|
Work in progress |
2.3 |
0.6 |
0.6 |
|
Finished goods |
0.8 |
1.3 |
1.5 |
|
Net stocks and work in progress |
3.7 |
2.6 |
3.0 |
|
Trade debtors |
3.2 |
5.1 |
3.3 |
|
Other receivables |
2.2 |
1.5 |
1.6 |
|
Cash and liquid assets |
6.8 |
3.8 |
3.6 |
|
Accruals |
0.1 |
0.0 |
0.1 |
|
Total current assets |
16.1 |
13.0 |
11.6 |
|
Total assets |
17.3 |
14.5 |
12.8 |
|
|
|
Annual Ratios |
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Sales per employee |
0.40 |
0.34 |
0.42 |
|
Profit per employee |
0.02 |
0.05 |
0.04 |
|
Average wage per employee |
0.11 |
0.10 |
0.10 |
|
Net worth |
6.7 |
6.7 |
4.5 |
|
Number of employees |
91 |
93 |
80 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.87 |
|
|
1 |
Rs.78.11 |
|
Euro |
1 |
Rs.68.36 |
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 |
|
-- |
NB |
New Business |
-- |
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.