MIRA INFORM REPORT
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Report Date : |
17.10.2011 |
IDENTIFICATION DETAILS
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Name : |
ITW TEST AND MEASUREMENT ITALIA SRL |
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Registered Office : |
Via Airauda 12, Pianezza, 10044 |
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Country : |
Italy |
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Financials (as on) : |
30.11.2010 |
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Date of Incorporation : |
22.02.1966 |
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Com. Reg. No.: |
00468990015 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
manufacture of electronic instruments and
appliances for measuring, checking, testing, navigating and other purposes,
except industrial process control equipment |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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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 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Italy |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 & address
Itw Test And Measurement Italia SRL
Registered Office
/ Factory:
Via Airauda 12
Pianezza, 10044
Italy
Tel: +39 0119 664038
Fax: +39 0119 662902
E-mail: ceast.rfg@instron.com
Web: www.ceast.com
Location: Owned
Synthesis
Employees: 50
Company Type: Private Subsidiary
Corporate Family: 14
Companies
Ultimate Parent: ITW ITALY HOLDING SRL
Incorporation Date:
22-Feb-1966
Financials in: USD
(Millions)
Fiscal Year End:
30-Nov-2010
Reporting Currency: Euro
Annual Sales: 16.7
Total Assets: 16.9
Business Description
Itw Test and Measurement Italia SRL is primarily engaged in manufacture of
electronic instruments and appliances for measuring, checking, testing,
navigating and other purposes, except industrial process control equipment; and
manufacture of non-electronic instruments and appliances for measuring,
checking, testing, navigating and other purposes, except industrial process
control equipment.
Industry
Industry Scientific and Technical
Instruments
ANZSIC 2006: 2419 - Other
Professional and Scientific Equipment Manufacturing
NACE 2002: 3320 - Manufacture
of instruments and appliances for measuring, checking, testing, navigating
and other
purposes, except industrial process control equipment
NAICS 2002: 334513 -
Instrument's and Related Products Manufacturing for Measuring, Displaying, and
Controlling Industrial Process Variable
UK SIC 2003: 3320 - Manufacture
of instruments and appliances for measuring, checking, testing, navigating
and other
purposes, except industrial process control equipment
US SIC 1987: 3812 - Search,
Detection, Navigation, Guidance, Aeronautical, and Nautical Systems and
Instruments
Key Executives
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Name |
Title |
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Laura Filippi |
President |
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Pierluigi Alberico |
Executive |
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Paola Besusso |
Executive |
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Antonio Cassella |
Executive |
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Adam Baxter |
Managing director |
Registered No.(ITA): 00468990015
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7490675
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7681966
Corporate Overview
Location
Via Airauda 12
Pianezza, 10044
Italy
Tel: +39 0119 664038
Fax: +39 0119 662902
Sales EUR(mil): 12.5
Assets EUR(mil): 13.0
Employees: 40
Fiscal Year End: 30-Nov-2010
Industry: Scientific and Technical Instruments
Incorporation Date: 22-Feb-1966
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Registered No.(ITA): 00468990015
Managing director: Adam
Baxter
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2419 - Other Professional and Scientific Equipment Manufacturing
NACE 2002 Codes:
3320 - Manufacture of instruments and appliances for measuring,
checking, testing, navigating and other purposes, except industrial process
control equipment
NAICS 2002 Codes:
334513 - Instrument's and Related Products Manufacturing for
Measuring, Displaying, and Controlling Industrial Process Variable
US SIC 1987:
3812 - Search, Detection, Navigation, Guidance, Aeronautical, and
Nautical Systems and Instruments
UK SIC 2003:
3320 - Manufacture of instruments and appliances for measuring,
checking, testing, navigating and other purposes, except industrial process
control equipment
Business
Description
Itw Test and Measurement Italia SRL is primarily engaged in manufacture of
electronic instruments and appliances for measuring, checking, testing,
navigating and other purposes, except industrial process control equipment; and
manufacture of non-electronic instruments and appliances for measuring,
checking, testing, navigating and other purposes, except industrial process
control equipment.
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Corporate
Family |
Corporate
Structure News: |
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Total Corporate Family Members: 14 |
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Company
Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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ITW ITALY HOLDING SRL |
Parent |
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Subsidiary |
Legnago, Verona |
Italy |
Miscellaneous Capital Goods |
110.9 |
459 |
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Subsidiary |
Padova, Padova (Padua) |
Italy |
Electronic Instruments and Controls |
80.5 |
194 |
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Subsidiary |
Torino, Torino (Turin) |
Italy |
Electronic Instruments and Controls |
45.4 |
94 |
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Subsidiary |
Bastia Di Rovolon, Padova (Padua) |
Italy |
Fabricated Plastic and Rubber |
12.8 |
84 |
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Subsidiary |
Pianezza, Torino (Turin) |
Italy |
Scientific and Technical Instruments |
16.7 |
40 |
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Subsidiary |
Charlotte, NC |
United States |
Scientific and Technical Instruments |
2.0 |
8 |
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Subsidiary |
San Giuliano Milanese, Milano (Milan) |
Italy |
Miscellaneous Capital Goods |
23.4 |
39 |
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Subsidiary |
Valenza, Alessandria |
Italy |
Containers and Packaging |
21.4 |
30 |
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Subsidiary |
Forli', Null |
Italy |
Miscellaneous Capital Goods |
7.1 |
26 |
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Subsidiary |
Trezzano Sul Naviglio, Milano (Milan) |
Italy |
Construction and Agriculture Machinery |
7.1 |
16 |
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Subsidiary |
Campagnola Cremasca, Cremona |
Italy |
Miscellaneous Capital Goods |
4.0 |
16 |
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Subsidiary |
Guardamiglio, Lodi |
Italy |
Miscellaneous Capital Goods |
14.3 |
15 |
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Pr.A.I.
Progettazione Apparecchiature Industriali Societa A Responsabilita Limitata |
Subsidiary |
Roma, Roma (Rome) |
Italy |
Miscellaneous Capital Goods |
1.9 |
15 |
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Executive report
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Executives |
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President |
President |
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Managing director |
Managing Director |
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Managing director |
Managing Director |
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Managing director |
Managing Director |
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Managing director |
Managing Director |
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Managing director |
Managing Director |
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Executive |
Other |
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Executive |
Other |
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Executive |
Other |
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Executive |
Other |
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Executive |
Other |
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Executive |
Other |
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Information
Parted by:
Name: Ms. Luca Grosso
Designation: Executive
Additional details
Trading Terms:
Selling Terms : L/C
Types of
Customers:
End Users
Bankers:
Intesa Sanpaolo SPa
Branch Address : Pianezza, Torino, Italy
Auditors:
Deolitte & Touche
Address: Galleria San Federico Spa – Torino, Italy
Tel. No.: +3901155971
Annual Profit & Loss
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30-Nov-2010 |
30-Nov-2009 |
30-Nov-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.749067 |
0.723831 |
0.679113 |
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Consolidated |
No |
No |
No |
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Total income |
16.6 |
8.6 |
11.4 |
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Net sales |
16.7 |
8.8 |
10.8 |
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Other operating income |
0.4 |
0.2 |
0.6 |
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Raw materials and consumables employed |
4.9 |
2.8 |
3.5 |
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Other expenses |
3.9 |
2.2 |
3.6 |
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Total payroll costs |
4.9 |
3.4 |
3.5 |
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Fixed asset depreciation and amortisation |
0.8 |
0.2 |
0.3 |
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Other operating costs |
0.1 |
0.1 |
0.1 |
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Net operating
income |
1.9 |
0.0 |
0.4 |
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Total financial
income |
- |
- |
0.1 |
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Total expenses |
0.0 |
0.1 |
0.1 |
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Profit before tax |
1.9 |
- |
0.3 |
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Extraordinary result |
2.3 |
- |
- |
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Profit after extraordinary items and
before tax |
4.2 |
- |
0.0 |
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Total taxation |
1.4 |
0.2 |
0.5 |
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Net profit |
2.8 |
- |
- |
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Net loss |
- |
0.7 |
0.4 |
Annual Balance Sheet
Financials in: USD
(mil)
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|
30-Nov-2010 |
30-Nov-2009 |
30-Nov-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.768197 |
0.666067 |
0.788084 |
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Consolidated |
No |
No |
No |
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Total
stockholders equity |
9.8 |
3.2 |
3.3 |
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Provision for risks |
0.2 |
0.1 |
0.3 |
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Provision for pensions |
0.8 |
0.8 |
0.8 |
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Mortgages and loans |
0.8 |
1.4 |
1.4 |
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Other long-term liabilities |
- |
0.6 |
- |
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Trade creditors |
1.8 |
1.7 |
1.7 |
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Bank loans and overdrafts |
0.4 |
0.6 |
2.0 |
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Other current liabilities |
2.7 |
0.9 |
0.9 |
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Accruals and deferred income |
0.5 |
0.1 |
0.0 |
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Total current
liabilities |
5.4 |
3.3 |
4.6 |
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Total
liabilities (including net worth) |
16.9 |
9.3 |
10.4 |
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Intangibles |
3.2 |
0.1 |
0.0 |
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Buildings |
1.3 |
1.6 |
1.4 |
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Total tangible
fixed assets |
1.6 |
1.9 |
1.7 |
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Long-term investments |
0.0 |
0.0 |
0.0 |
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Total financial
assets |
0.3 |
0.3 |
0.5 |
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Loans to associated companies |
- |
- |
0.3 |
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Total
non-current assets |
5.1 |
2.2 |
2.3 |
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Finished goods |
0.8 |
1.3 |
1.4 |
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Net stocks and work in progress |
1.6 |
2.0 |
2.2 |
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Trade debtors |
3.4 |
2.9 |
2.8 |
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Other receivables |
6.3 |
1.6 |
1.2 |
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Cash and liquid assets |
0.2 |
0.2 |
0.4 |
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Marketable securities |
0.3 |
0.4 |
1.6 |
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Accruals |
0.0 |
0.0 |
0.1 |
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Total current
assets |
11.8 |
7.1 |
8.2 |
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Total assets |
16.9 |
9.3 |
10.4 |
Annual Ratios
Financials in: USD
(mil)
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|
30-Nov-2010 |
30-Nov-2009 |
30-Nov-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.768197 |
0.666067 |
0.788084 |
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Consolidated |
No |
No |
No |
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Sales per employee |
0.61 |
0.31 |
0.28 |
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Profit per employee |
0.15 |
- |
0.00 |
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Average wage per employee |
0.18 |
0.12 |
0.09 |
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Net worth |
9.8 |
3.2 |
3.3 |
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Number of employees |
40 |
40 |
50 |
Foreign exchange rates
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.48.89 |
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UK Pound |
1 |
Rs.77.31 |
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Euro |
1 |
Rs.67.79 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.