MIRA INFORM REPORT
|
Report Date : |
04.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
TECNOPOLIMERI S.P.A. |
|
|
|
|
Registered Office : |
Via Solferino, 6/8/10, 20038 – Seregno (MB) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
26.09.1977 |
|
|
|
|
Com. Reg. No.: |
MI149-24209 since 19/02/1996 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Wholesale of books, magazines
and newspapers |
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Italy |
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
Tecnopolimeri S.p.a.
Via Solferino, 6/8/10
20038 - Seregno (MB) -IT-
Summary
|
Fiscal Code |
: |
00636860124 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
26/09/1977 |
|
Equity |
: |
Over 2.582.254 Eur |
|
Turnover Range |
: |
75.000.000/100.000.000 Eur |
|
Number of Employees |
: |
from 11 to 15 |
Credit Analysis
|
Credit Opinion |
: |
250.000 - Eur |
Activity
Wholesale of books, magazines
and newspapers
Wholesale of Industrial chemical
products
Wholesale of packaging
Legal Data
Legal Form : Joint stock company
|
Fiscal Code : 00636860124 |
|
Foreign Trade Reg. no. : MB018203 since
05/02/1992 |
|
Foreign Trade Reg. no. : 123345 of Milano
since 05/02/1992 |
|
Chamber of Commerce no. : 1128850 of Monza
e Brianza since 20/07/2007 |
|
Firms' Register : MI149-24209 since
19/02/1996 |
|
V.A.T. Code : 00678290966 |
|
Tribunal Co. Register : 24209 of Monza |
|
Foundation date |
: 26/09/1977 |
|
|
Establishment date |
: 26/09/1977 |
|
|
Start of Activities |
: 26/09/1977 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 2.000.000 |
Eur |
|
Subscribed Capital |
: 2.000.000 |
Eur |
|
Paid up Capital |
: 2.000.000 |
Eur |
Members
|
|
Torti |
Donatella |
|
|
|
Born in Ferrara |
(FE) |
on 02/05/1960 |
- Fiscal Code : TRTDTL60E42D548P |
|
|
|
Residence : |
Via |
Cattaneo |
, 23 |
- 20011 |
Corbetta |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/04/2007 |
|
|
|
Managing Director |
29/06/2010 |
|
|
|
|
No Protests
registered |
|
|
Pozzoli |
Giuseppe |
|
|
|
Born in Milano |
(MI) |
on 27/09/1957 |
- Fiscal Code : PZZGPP57P27F205K |
|
|
|
Residence : |
Via |
Redipuglia |
, 26 |
- 20034 |
Giussano |
(MB) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/06/2010 |
|
|
|
Managing Director |
29/06/2010 |
|
|
|
Board Chairman |
12/12/2009 |
|
|
|
|
No Protests
registered |
|
|
Torti |
Cristina |
|
|
|
Born in Tortona |
(AL) |
on 23/06/1965 |
- Fiscal Code : TRTCST65H63L304Z |
|
|
|
Residence : |
Via |
Talamoni |
, 12 |
- 20052 |
Monza |
(MB) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/04/2007 |
|
|
|
Managing Director |
29/06/2010 |
|
|
|
|
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.
|
|
TORTI |
DONATELLA |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
B E B S.R.L. |
Seregno (MB) - IT - |
03560460960 |
Sole Director |
Active |
Registered |
|
FAS TECH:TECHNOLOGY, VALUE, SOLUTIONS
S.R.L. |
Seregno (MB) - IT - |
04118720962 |
Sole Director |
Withdrawn |
Registered |
|
|
POZZOLI |
GIUSEPPE |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
4 S (QUATTRO ESSE) S.R.L. |
Seregno (MB) - IT - |
02524770159 |
Permanent
Auditor |
Withdrawn |
Registered |
|
ARVAL S.P.A. |
Lentate Sul Seveso (MB) - IT - |
08354160155 |
Chairman of the
Board of Aud. |
Active |
Registered |
|
AZIENDA SPECIALE FARMACIA COMUNALE DI
GIUSSANO |
Giussano (MB) - IT - |
02642710962 |
|
Active |
Registered |
|
BONOMI PATTINI GIUSEPPE E FIGLI S.P.A. |
Varedo (MB) - IT - |
07993030159 |
Temporary
Auditor |
Active |
Registered |
|
COMO GIOCHI SRL |
Misinto (MB) - IT - |
01443750136 |
Temporary
Auditor |
Withdrawn |
Registered |
|
DEMIAN S.R.L. IN LIQUIDAZIONE |
Cologno Monzese (MI) - IT - |
02864400151 |
Trustee |
Active |
Registered |
|
DI LIDDO E PEREGO S.P.A. |
Meda (MB) - IT - |
00683550156 |
Permanent
Auditor |
Active |
Registered |
|
ENZO DEGLI ANGIUONI S.P.A. |
Lentate Sul Seveso (MB) - IT - |
06685820158 |
Chairman of the
Board of Aud. |
Active |
Registered |
|
ENZO DEGLI ANGIUONI TESSITURA S.R.L. |
Lentate sul Seveso (MI) - IT - |
01377260136 |
Permanent
Auditor |
Withdrawn |
Ceased |
|
ESA ELETTRONICA S.P.A. |
Mariano Comense (CO) - IT - |
13464240152 |
Chairman of the
Board of Aud. |
Active |
Registered |
|
FILTOMATIC FASTENERS S.P.A. |
Correzzana (MB) - IT - |
00731550158 |
Temporary
Auditor |
Active |
Registered |
|
FINAGEST S.P.A. |
Seregno (MB) - IT - |
07145810151 |
Temporary
Auditor |
Active |
Registered |
|
GOMMA GOMMA S.P.A. |
Desio (MB) - IT - |
00859040156 |
Permanent
Auditor |
Withdrawn |
Liquidated |
|
GOMMAGOMMA S.P.A. |
Caronno Pertusella (VA) - IT - |
04251540151 |
Permanent
Auditor |
Active |
Registered |
|
HYUNDAI MERCHANT MARINE (ITALY) S.R.L. |
Genova (GE) - IT - |
01736990993 |
Permanent
Auditor |
Active |
Registered |
|
IMMOBILIARE PAMELA S.R.L. |
Seregno (MB) - IT - |
02587640968 |
Sole Director |
Active |
Registered |
|
IMPACT COMMUNICATION TECHNOLOGY S.P.A. IN
FORMA ABBREVIATA IMPACT S.P.A. |
Sesto San Giovanni (MI) - IT - |
03046310961 |
Temporary Auditor |
Active |
Registered |
|
ISTITUTO ITALIANO DI GARANZIA DELLA
QUALITA' |
Milano (MI) - IT - |
07871590159 |
|
Active |
Registered |
|
L.I.M.A. LAVORAZIONE ITALIANA METALLI
AFFINI - S.P.A. |
Milano (MI) - IT - |
00806900155 |
Chairman of the
Board of Aud. |
Withdrawn |
Registered |
|
L.I.M.A. LAVORAZIONE ITALIANA METALLI
AFFINI - S.P.A. |
Milano (MI) - IT - |
00806900155 |
Permanent
Auditor |
Withdrawn |
Registered |
|
M.I.L. S.R.L. |
Milano (MI) - IT - |
02092110960 |
Chairman of the
Board of Aud. |
Withdrawn |
Ceased |
|
MART-TEX S.R.L. |
Seregno (MB) - IT - |
08834310156 |
Permanent
Auditor |
- |
Bankrupt |
|
METALLURGICA GRAFFIGNANA S.P.A. |
Milano (MI) - IT - |
00805330156 |
Permanent
Auditor |
Active |
Registered |
|
RICONVERSIDER S.R.L. |
Milano (MI) - IT - |
07435600155 |
Chairman of the
Board of Aud. |
Active |
Registered |
|
SIDERSERVIZI S.R.L. IN LIQUIDAZIONE |
Milano (MI) - IT - |
07934600151 |
Sole Director |
Withdrawn |
Registered |
|
SIDERSERVIZI S.R.L. IN LIQUIDAZIONE |
Milano (MI) - IT - |
07934600151 |
Liquidator |
Active |
Registered |
|
SUPERGELO S.R.L. |
Sesto San Giovanni (MI) - IT - |
02520750965 |
Liquidator |
Active |
Registered |
|
UNIGEST S.R.L. - HOLDING MOBILIARE
IMMOBILIARE |
Seregno (MB) - IT - |
02838850960 |
Director |
Active |
Registered |
|
VILLA E RIVA S.R.L. |
Cassago Brianza (LC) - IT - |
01558810139 |
Permanent
Auditor |
Withdrawn |
Registered |
|
|
TORTI |
CRISTINA |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
ALTEA SRL |
Monza (MB) - IT - |
08233650152 |
Sole Director |
Active |
Registered |
|
ASFIN S.A.S. DI TORTI CRISTINA E C. |
Monza (MB) - IT - |
08924050159 |
General Partner |
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 |
|
Torti Luigi |
Monza - IT - |
TRTLGU31T10F293L |
400.000 .Eur |
20,00 |
|
Torti Donatella |
Corbetta - IT - |
TRTDTL60E42D548P |
800.000 .Eur |
40,00 |
|
Torti Cristina |
Monza - IT - |
TRTCST65H63L304Z |
800.000 .Eur |
40,00 |
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 |
|
Fas Tech:technology, Value, Solutions
S.r.l. |
Seregno - IT - |
04118720962 |
15.000 .Eur |
30,00 |
|
|
Active |
|
Rossitalkauchuk S.R.L. |
Seregno - IT - |
07212120153 |
20.245 .Eur |
98,00 |
|
|
Active |
Firm's location and structure
In order to carry out its
activities the firm uses the following locations:
|
- |
Legal and
operative seat |
|
since 26/09/1977 |
|
|
|
|
|
Via |
Solferino |
, 6/8/10/ |
- 20038 |
- Seregno |
(MB) |
- IT - |
|
|
|
|
PHONE |
: 0362/224101 |
|
|
|
|
FAX |
: 0362/221880 |
|
|
|
|
Website |
: www.tecnopolimeri.com |
|
|
|
|
Employees |
: 11 |
|
Fittings and Equipment for a value of
14.000 |
Eur |
|
Stocks for a value of 13.110.000 |
Eur |
|
for a value of 100.000 |
Eur |
|
for a value of 10.000 |
Eur |
Sales are on an international
scale.
|
|
The firm operates abroad as
importer / exporter. .
To purchase foreign products the
firm uses the following channels :
|
- its own sales net-work |
Export represents up to 20% of
the global turnover.
Products abroad are placed by :
|
- its own sales net-work |
Import comes generally from the
following nations:
|
- Austria |
|
- Cipro |
Export is mainly towards:
|
- Austria |
Historical Information and/or Firm's Status
EX-MEMBERS
/ EX-POSITIONS:
|
|
Torti |
Luigi |
|
|
|
Born in Molino dei Torti |
on 10/12/1931 |
- Fiscal Code : TRTLGU31T10F293L |
|
|
|
Residence : |
Via |
Boito |
, 12 |
- 20052 |
Monza |
(MI) |
- IT - |
|
Ex-Postions |
|
Director |
|
Sole Director |
|
Sole Director |
|
Managing Director |
|
Board Chairman |
|
|
Torti |
Luca |
|
|
|
Born in Pavia |
on 29/08/1979 |
- Fiscal Code : TRTLCU79M29G388G |
|
|
|
Residence : |
Via |
Cavour |
, 30 |
- 27050 |
Cornale |
(PV) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
Protests
Protests checking on the subject
firm has given a negative result.
Negativities
In the name of the firm the
following events are registered:
|
Type |
Expiry Date |
Amount in |
Reason |
Result |
Closure Date |
|
Inquiry before contentious procedure |
25/03/1993 |
|
|
|
|
Legal Procedures
None reported, standing to the
latest received edition of the Official Publications.
Financial and Economical Analysis
Company's starting of activities
dates back to 1977.
The analysis is based on the
latest 3 balance sheets.
Under an economic point of view,
profits were registered during the last years with a r.o.e. of 33,15% in 2010
thanks to a progressive increase in turnover (+44,2% in 2010 compared to 2009
and +1,56% in 2009 compared to 2008).
The operating result was
positive in the last financial year (8,22%) and in line with the sector's
average.
The amount of the operating
result for the year 2010 is of Eur. 4.144.468 with an increase of more then
100% if the compared to the previous financial year.
A gross operating margine for a
value of Eur. 4.298.369 was reached. with a more then 100% increase as opposed
to the preceding year.
The ratio between shareholder's
equity and borrowed capital is not well balanced, the indebtedness level is
equal to 4,61 but on the decrease if compared to the year before.
With regard to equity capital,
an amount of Eur. 7.539.705 is registered. , increasing by 49,58% if compared
to the year before.
Total indebtedness was equal to
Eur. 40.651.154 (Eur. 5.314.242 was the value of m/l term debts) while during
the financial year 2009 the amount was equal to Eur. 32.992.973.
Bank borrowings' volume is
slightly high but the recourse to suppliers' credit is modest below the
sector's average.
Payments are supported by good
current assets.
Accounts receivable average term
is 67,76 days. , a better value than the sector's average.
As far as the cash flow is
concerned during the latest financial year it amounted to Eur. 2.653.068
In the last financial year
labour cost was of Eur. 674.802, with a 0,76% incidence on total costs of
production. , whereas the incidence of such costs on sales revenues is equal to
0,73%.
If compared to the sales volume
(-0,51%), the impact of the financial charges is limited.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
92.620.338 |
|
Profit (Loss) for the period |
2.499.167 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
64.226.144 |
|
Profit (Loss) for the period |
226.306 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
63.233.868 |
|
Profit (Loss) for the period |
818.653 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
60.483.285 |
|
Profit (Loss) for the period |
667.031 |
|
|
|
Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
51.709.794 |
|
Profit (Loss) for the period |
625.548 |
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 31/12/2010 - 12 Mesi - Currency: Eur - Amounts x 1 |
|
- 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 |
|
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|
|
RATIOS |
Value
Type |
as at 31/12/2010 |
as at 31/12/2009 |
as at 31/12/2008 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,05 |
0,05 |
0,07 |
0,11 |
|
Elasticity Ratio |
Units |
0,95 |
0,94 |
0,92 |
0,87 |
|
Availability of stock |
Units |
0,26 |
0,27 |
0,34 |
0,22 |
|
Total Liquidity Ratio |
Units |
0,69 |
0,67 |
0,58 |
0,56 |
|
Quick Ratio |
Units |
0,01 |
0,05 |
0,03 |
0,02 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
4,61 |
5,37 |
3,56 |
3,81 |
|
Self Financing Ratio |
Units |
0,15 |
0,13 |
0,17 |
0,17 |
|
Capital protection Ratio |
Units |
0,40 |
0,56 |
0,41 |
0,65 |
|
Liabilities consolidation quotient |
Units |
0,15 |
0,14 |
0,29 |
0,12 |
|
Financing |
Units |
5,39 |
6,55 |
4,80 |
4,72 |
|
Permanent Indebtedness Ratio |
Units |
0,26 |
0,23 |
0,35 |
0,30 |
|
M/L term Debts Ratio |
Units |
0,11 |
0,10 |
0,18 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
4,85 |
5,51 |
3,97 |
1,28 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
5,34 |
4,60 |
4,96 |
2,06 |
|
Current ratio |
Units |
1,36 |
1,30 |
1,44 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,99 |
0,92 |
0,90 |
0,84 |
|
Structure's primary quotient |
Units |
3,10 |
2,53 |
2,39 |
1,28 |
|
Treasury's primary quotient |
Units |
0,02 |
0,07 |
0,05 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
668,39 |
795,99 |
584,99 |
591,61 |
|
Current Capital ( net ) |
Value |
12.608.815 |
8.745.449 |
7.909.646 |
219.071 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
2,86 |
0,45 |
1,39 |
2,22 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
33,15 |
4,49 |
17,00 |
6,27 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
48,87 |
25,02 |
27,68 |
15,95 |
|
Return on Investment ( R.O.I. ) |
% |
8,22 |
4,68 |
7,59 |
4,19 |
|
Return/ Sales |
% |
4,47 |
2,92 |
3,38 |
3,42 |
|
Extra Management revenues/charges incid. |
% |
60,30 |
12,05 |
38,30 |
29,26 |
|
Cash Flow |
Value |
2.653.068 |
287.480 |
882.094 |
61.669 |
|
Operating Profit |
Value |
4.144.468 |
1.878.211 |
2.137.582 |
95.558 |
|
Gross Operating Margin |
Value |
4.298.369 |
1.957.385 |
2.201.023 |
144.934 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
67,76 |
90,22 |
68,94 |
120,94 |
|
Debts to suppliers average term |
Days |
13,23 |
12,32 |
15,14 |
120,04 |
|
Average stock waiting period |
Days |
50,94 |
61,42 |
55,28 |
61,92 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,84 |
1,60 |
2,25 |
1,27 |
|
Rate of stock return |
Units |
7,07 |
5,86 |
6,51 |
5,74 |
|
Labour cost incidence |
% |
0,73 |
0,99 |
0,90 |
7,77 |
|
Net financial revenues/ charges incidence |
% |
- 0,51 |
- 0,63 |
- 0,99 |
- 1,26 |
|
Labour cost on purchasing expenses |
% |
0,76 |
0,95 |
0,93 |
7,90 |
|
Short-term financing charges |
% |
1,18 |
1,24 |
2,84 |
2,67 |
|
Capital on hand |
% |
54,41 |
62,47 |
44,54 |
78,39 |
|
Sales pro employee |
Value |
9.262.033 |
5.838.740 |
4.516.704 |
437.713 |
|
Labour cost pro employee |
Value |
67.480 |
57.658 |
40.504 |
33.928 |
Reliability Score
Considering also subject's
structural and behavioural characteristics its credit margin rate (from 0 to
100%) is equal to 75%, in respect of a sector average of 48%.
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:
250.000
Eur.
Market / Territory Data
|
Population living in the province |
: |
0 |
|
Population living in the region |
: |
9.393.092 |
|
Number of families in the region |
: |
3.858.736 |
Monthly family expenses 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 6.137 significant companies.
The companies cash their credits
on an average of 120 dd.
The average duration of
suppliers debts is about 120 dd.
The sector's profitability is on
an average of 2,22%.
The labour cost affects the
turnover in the measure of 7,77%.
Goods are held in stock in a
range of 61 dd.
The difference between the sales
volume and the resources used to realize it is about 1,27.
The employees costs represent
the 7,90% of the production costs.
Statistical Detrimental Data
The area is statistically
considered lowly risky.
In the region 50.886 protested
subjects are found; in the province they count to 0.
The insolvency index for the
region is 0,55, , while for the province it is .
Total Bankrupt companies in the
region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.90 |
|
UK Pound |
1 |
Rs.74.31 |
|
Euro |
1 |
Rs.65.41 |
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.