MIRA INFORM REPORT
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Report Date : |
04.04.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
I.F.C. S.R.L. ( ITALIAN FOODS COMPANY ) |
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Registered Office : |
Via Giuseppe Cosenza, 53, 80053 - |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
04.05.2007 |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Food Industries |
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No. of Employees
: |
01 to 05 employees |
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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Maximum Credit Limit : |
35.000 Eur |
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Status : |
Small Company |
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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
|
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 |
I.f.c. S.r.l. ( Italian Foods Company )
Via Giuseppe Cosenza, 53
80053 - Castellammare di Stabia (NA) -IT-
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Fiscal Code |
: |
04489600652 |
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Legal Form |
: |
Limited liability company |
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Establishment Date |
: |
04/05/2007 |
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Equity |
: |
400.000 Eur |
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Turnover Range |
: |
1.250.000/1.500.000 Eur |
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Number of Employees |
: |
from 1 to 5 |
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Credit Opinion |
: |
35.000 - Eur |
FOOD INDUSTRIES
Manufacture of other food
products n.e.c.
Wholesale of food, beverages and
tobacco
Legal Form : Limited liability
company
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Fiscal Code : 04489600652 |
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Chamber of Commerce no. : 790744 of Napoli
since 16/04/2008 |
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Establishment date |
: 04/05/2007 |
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Legal duration |
: 31/12/2050 |
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Nominal Capital |
: 60.000 |
Eur |
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Subscribed Capital |
: 60.000 |
Eur |
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Paid up Capital |
: 60.000 |
Eur |
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Giglio |
Maria Anna |
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Born in Castellammare di Stabia |
(NA) |
on 21/06/1974 |
- Fiscal Code : GGLMNN74H61C129J |
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Residence : |
Via |
Giovanni Pascoli |
, 1 |
- 80053 |
Castellammare di Stabia |
(NA) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
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Sole Director |
04/05/2007 |
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No Protests
registered |
*checkings have been performed
on a national scale.
In this module are listed the
companies in which members hold or have holded positions.
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GIGLIO |
MARIA ANNA |
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Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
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BAM S.R.L. |
Castellammare di Stabia (NA) - IT - |
07127791213 |
Board Chairman |
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.
Shareholders' list as at date of
data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Giglio Maria Anna |
Castellammare di Stabia - IT - |
GGLMNN74H61C129J |
30.000 .Eur |
50,00 |
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Rondinella Maria |
|
RNDMRA34C65F839B |
30.000 .Eur |
50,00 |
The Company under review has participations
in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares
Amount |
% Ownership |
since |
until |
Share Status |
|
Bam S.r.l. |
Castellammare di Stabia - IT - |
07127791213 |
|
100,00 |
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Active |
In order to carry out its
activities the firm uses the following locations:
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- |
Legal and
operative seat |
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Via |
Giuseppe Cosenza |
, 53 |
- 80053 |
- Castellammare di Stabia |
(NA) |
- IT - |
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PHONE |
: 081/0601567 |
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FAX |
: 081/0601569 |
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Employees |
: 2 |
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Stocks for a value of 320.000 |
Eur |
Protests checking on the subject
firm has given a negative result.
Search performed on a National
Scale
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Prejudicial
Events Search Result: NEGATIVE |
Search performed on a
specialized data base.
None reported, standing to the
latest received edition of the Official Publications.
Subject under review started the
activities in 2007.
An eco-fin analysis has been
made on the base od the b/s fo the years 2008, 2009 and 2010.
Under the financial profile unstable
results are noted. yet with a positive result in the 2010 (r.o.e. 22,01%).
The return on Investment in the
last financial year was positive (7,62%) and in line with the sector's average.
The amount of the operating
result is equal to Eur. 104.522 increasing if compared to the yeart 2009.
The G.O.M. amounted to Eur.
115.406 showing a more then 100% growth.
The financial status of the
company is fairly balanced with an indebtedness level of 1,32 and falling as
against the previous year (1,37).
It's shareholders funds amount
to Eur. 383.218 , with an upward trend.
In the year 2010 total debts
amounted to Eur. 973.448 , with no sensible variation.
Available funds are good.
As far as the cash flow is
concerned during the latest financial year it amounted to Eur. 95.213
During 2010 financial year
labour costs amounted to Eur. 70.546, with a 5,25% incidence on production
costs. , with a 4,79% incidence on turnover.
No incidence of financial
charges as lower than the incomes.
Financial Data
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Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1 ) |
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Item Type |
Value |
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Sales |
1.473.028 |
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Profit (Loss) for the period |
84.329 |
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Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
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Item Type |
Value |
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Sales |
1.613.738 |
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Profit (Loss) for the period |
27.776 |
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Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
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Item Type |
Value |
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Sales |
427.609 |
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Profit (Loss) for the period |
-6.053 |
Balance Sheets
From our constant monitoring of
the relevant Public Administration offices, no more recent balance sheets
result to have been filed.
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- Balance Sheet
as at 31/12/2010 - 12 Mesi - Currency: Eur - Amounts x 1 |
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- Balance Sheet as
at 31/12/2009 - 12 Mesi - Currency: Eur - Amounts x 1 |
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- 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 |
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COMPOSITION ON
INVESTMENT |
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Rigidity Ratio |
Units |
0,02 |
0,03 |
0,07 |
0,13 |
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Elasticity Ratio |
Units |
0,98 |
0,97 |
0,92 |
0,85 |
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Availability of stock |
Units |
0,23 |
0,28 |
0,01 |
0,16 |
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Total Liquidity Ratio |
Units |
0,75 |
0,69 |
0,91 |
0,62 |
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Quick Ratio |
Units |
0,29 |
0,31 |
0,07 |
0,03 |
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COMPOSITION ON
SOURCE |
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Net Short-term indebtedness |
Units |
1,32 |
1,37 |
1,60 |
5,02 |
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Self Financing Ratio |
Units |
0,28 |
0,24 |
0,32 |
0,13 |
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Capital protection Ratio |
Units |
0,73 |
0,84 |
- 0,04 |
0,58 |
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Liabilities consolidation quotient |
Units |
0,10 |
0,17 |
0,14 |
0,10 |
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Financing |
Units |
2,54 |
3,10 |
2,09 |
6,17 |
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Permanent Indebtedness Ratio |
Units |
0,34 |
0,35 |
0,41 |
0,25 |
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M/L term Debts Ratio |
Units |
0,06 |
0,11 |
0,08 |
0,07 |
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Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
0,10 |
1,16 |
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CORRELATION |
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Fixed assets ratio |
Units |
20,44 |
13,25 |
5,44 |
1,57 |
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Current ratio |
Units |
1,50 |
1,52 |
1,56 |
1,09 |
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Acid Test Ratio-Liquidity Ratio |
Units |
1,14 |
1,08 |
1,54 |
0,85 |
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Structure's primary quotient |
Units |
16,65 |
9,11 |
4,32 |
0,96 |
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Treasury's primary quotient |
Units |
0,44 |
0,48 |
0,13 |
0,05 |
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Rate of indebtedness ( Leverage ) |
% |
357,85 |
412,95 |
308,98 |
743,68 |
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Current Capital ( net ) |
Value |
446.632 |
409.677 |
52.646 |
70.465 |
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RETURN |
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Return on Sales |
% |
6,46 |
2,38 |
- 0,83 |
1,66 |
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Return on Equity - Net- ( R.O.E. ) |
% |
22,01 |
9,29 |
- 11,71 |
6,68 |
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Return on Equity - Gross - ( R.O.E. ) |
% |
34,74 |
18,64 |
- 5,43 |
19,39 |
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Return on Investment ( R.O.I. ) |
% |
7,62 |
2,65 |
0,04 |
3,84 |
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Return/ Sales |
% |
7,10 |
2,03 |
0,02 |
2,16 |
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Extra Management revenues/charges incid. |
% |
80,68 |
84,82 |
- 8.901,47 |
28,56 |
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Cash Flow |
Value |
95.213 |
38.365 |
-3.563 |
48.046 |
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Operating Profit |
Value |
104.522 |
32.748 |
68 |
59.910 |
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Gross Operating Margin |
Value |
115.406 |
43.337 |
2.558 |
99.701 |
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MANAGEMENT |
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Credits to clients average term |
Days |
n.c. |
n.c. |
108,98 |
86,56 |
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Debts to suppliers average term |
Days |
n.c. |
n.c. |
75,45 |
100,32 |
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Average stock waiting period |
Days |
78,42 |
77,57 |
1,37 |
31,97 |
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Rate of capital employed return ( Turnover
) |
Units |
1,07 |
1,31 |
2,68 |
1,82 |
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Rate of stock return |
Units |
4,59 |
4,64 |
262,66 |
11,18 |
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Labour cost incidence |
% |
4,79 |
4,67 |
11,71 |
5,95 |
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Net financial revenues/ charges incidence |
% |
2,51 |
0,54 |
- 0,69 |
- 0,81 |
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Labour cost on purchasing expenses |
% |
5,25 |
4,97 |
11,70 |
5,95 |
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Short-term financing charges |
% |
n.c. |
n.c. |
2,73 |
2,18 |
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Capital on hand |
% |
93,10 |
76,48 |
37,34 |
54,67 |
|
Sales pro employee |
Value |
736.514 |
806.869 |
427.609 |
507.073 |
|
Labour cost pro employee |
Value |
35.273 |
37.657 |
50.082 |
32.650 |
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Population living in the province |
: |
3.092.859 |
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Population living in the region |
: |
5.788.986 |
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Number of families in the region |
: |
1.966.064 |
Monthly family expenses average
in the region (in Eur.) :
|
- per food products |
: |
475 |
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- per non food products |
: |
1.304 |
|
- per energy consume |
: |
79 |
The values are calculated on a
base of 5.101 significant companies.
The companies cash their credits
on an average of 86 dd.
The average duration of
suppliers debts is about 100 dd.
The sector's profitability is on
an average of 1,66%.
The labour cost affects the
turnover in the measure of 5,95%.
Goods are held in stock in a
range of 31 dd.
The difference between the sales
volume and the resources used to realize it is about 1,82.
The employees costs represent
the 5,95% of the production costs.
The area is statistically
considered remarkably risky.
In the region 80.616 protested
subjects are found; in the province they count to 41.815.
The insolvency index for the
region is 1,40, , while for the province it is 1,36.
Total Bankrupt companies in the
province : 18.217.
Total Bankrupt companies in the
region : 28.514.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.56 |
|
UK Pound |
1 |
Rs.81.05 |
|
Euro |
1 |
Rs.67.49 |
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.