MIRA INFORM REPORT
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Report Date : |
25.04.2012 |
IDENTIFICATION DETAILS
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Name : |
COSMATIC S.R.L. |
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Registered Office : |
Via Della Chimica, 9 20867 - Caponago (MB) |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
03.02.2005 |
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Legal Form : |
Sole-Member Limited Liability Company |
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Line of Business : |
Manufacture of machinery and equipment for the chemical, petrochemical and petroleum industries (including separate parts and accessories |
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No. of Employees
: |
from 6 to 10 employees |
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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Maximum Credit Limit : |
50.000 Eur |
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Status : |
Good |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
Cosmatic S.r.l.
Via Della Chimica, 9
20867 - Caponago (MB) -IT-
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Fiscal Code |
: |
04735260962 |
|
Legal Form |
: |
Sole-Member Limited Liability Company |
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start of Activities |
: |
01/03/2005 |
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Equity |
: |
500.000 Eur |
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Turnover Range |
: |
1.250.000/1.500.000 Eur |
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Number of Employees |
: |
fom 6 to 10 |
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Credit Opinion |
: |
50.000 - Eur |
Manufacture of machinery and
equipment for the chemical,petrochemical and petroleum industries (including
seperate parts and accessories)
Legal Form : Sole-Member Limited
Liability Company
|
Fiscal Code : 04735260962 |
|
Chamber of Commerce no. : 1869264 of Monza
e Brianza |
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Chamber of Commerce no. : 1767868 of
Milano since 11/02/2005 |
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V.A.T. Code : 04735260962 |
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Establishment date |
: 03/02/2005 |
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Start of Activities |
: 01/03/2005 |
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Legal duration |
: 31/12/2050 |
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Nominal Capital |
: 10.000 |
Eur |
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Subscribed Capital |
: 10.000 |
Eur |
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Paid up Capital |
: 10.000 |
Eur |
|
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Del Piccolo |
Giuseppe |
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Born in Seregno |
(MB) |
on 03/05/1955 |
- Fiscal Code : DLPGPP55E03I625N |
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Residence : |
Via |
Paolo Ballerini |
, 10 |
- 20831 |
Seregno |
(MB) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
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Sole Director |
03/02/2005 |
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Sole partner |
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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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DEL PICCOLO |
GIUSEPPE |
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Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
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IMMOBILIARE 127 S.R.L. |
Agrate Brianza (MB) - IT - |
07552110962 |
Sole Director |
Active |
Registered |
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IMMOBILIARE 127 S.R.L. |
Agrate Brianza (MB) - IT - |
07552110962 |
Sole 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.
Shareholders' list as at date of
data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Del Piccolo Giuseppe |
Seregno - IT - |
DLPGPP55E03I625N |
|
100,00 |
The Company under review has no participations
in other Companies.
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 |
Della Chimica |
, 9 |
- 20040 |
- Caponago |
(MI) |
- IT - |
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PHONE |
: 02/95742351 |
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FAX |
: 02/95748228 |
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Employees |
: 6 |
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Fittings and Equipment for a value of
120.000 |
Eur |
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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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|
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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.
Company's starting of activities
dates back to 2005.
An eco-fin analysis has been
made on the base od the b/s fo the years 2008, 2009 and 2010.
Under an economic point of view,
profits were registered during the last years with a r.o.e. of 21,79% in 2010
with a stable trend in the turnover.
The operating result in 2010 was
positive (13,86%) and reflects the field's average.
The amount of the operating
result for the year 2010 is of Eur. 154.973 recording a drop as opposed to the
year before (-20,45%).
During the latest financial year
the gross operating margin amounted to Eur. 224.007 with a -23,44% fall.
The company has an excellent net
worth if compared to its debts, with a low indebtedness (0,29) improved in
comparison with the year before (0,38.).
The management generated equity
capital for an amount of Eur. 444.367 , rising by 27,86%.
Total debts recorded amounted to
Eur. 646.060 (Eur. 3.110 of which were m/l term debts) , with no sensible
variation.
Moderate recourse to bank credit
while the exposure towards suppliers is rather high but lined up with the
field's average.
It shows a good range of
liquidity.
As to due from customers, the
average terms are 38,27 days. , that compared to the sector's average is
shorter.
Eur. 165.881 is the value of
cash flow during the year 2010
Labour cost expenses amount to
Eur. 212.370 , representing 14,95% on the total of production costs. and a
16,15% incidence on sales volumes.
The financial charges are lower
than the financial 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 |
1.315.015 |
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Profit (Loss) for the period |
96.847 |
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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 |
1.334.214 |
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Profit (Loss) for the period |
156.412 |
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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 |
1.558.039 |
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Profit (Loss) for the period |
81.121 |
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Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
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Item Type |
Value |
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Sales |
1.278.027 |
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Profit (Loss) for the period |
56.560 |
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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|
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Rigidity Ratio |
Units |
0,05 |
0,12 |
0,12 |
0,18 |
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Elasticity Ratio |
Units |
0,95 |
0,88 |
0,87 |
0,79 |
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Availability of stock |
Units |
0,29 |
0,07 |
0,18 |
0,21 |
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Total Liquidity Ratio |
Units |
0,66 |
0,81 |
0,70 |
0,52 |
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Quick Ratio |
Units |
0,46 |
0,45 |
0,10 |
0,03 |
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COMPOSITION ON
SOURCE |
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Net Short-term indebtedness |
Units |
0,29 |
0,38 |
2,41 |
3,01 |
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Self Financing Ratio |
Units |
0,40 |
0,38 |
0,26 |
0,19 |
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Capital protection Ratio |
Units |
0,76 |
0,52 |
0,52 |
0,66 |
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Liabilities consolidation quotient |
Units |
0,05 |
0,05 |
0,02 |
0,16 |
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Financing |
Units |
1,45 |
1,57 |
2,77 |
3,56 |
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Permanent Indebtedness Ratio |
Units |
0,42 |
0,41 |
0,27 |
0,34 |
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M/L term Debts Ratio |
Units |
0,03 |
0,03 |
0,01 |
0,10 |
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Net Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,69 |
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CORRELATION |
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Fixed assets ratio |
Units |
8,95 |
3,39 |
2,31 |
1,65 |
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Current ratio |
Units |
1,65 |
1,48 |
1,20 |
1,18 |
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Acid Test Ratio-Liquidity Ratio |
Units |
1,16 |
1,36 |
0,96 |
0,86 |
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Structure's primary quotient |
Units |
8,38 |
3,17 |
2,21 |
1,02 |
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Treasury's primary quotient |
Units |
0,80 |
0,75 |
0,13 |
0,06 |
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Rate of indebtedness ( Leverage ) |
% |
251,55 |
262,50 |
381,93 |
509,92 |
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Current Capital ( net ) |
Value |
420.052 |
258.906 |
108.304 |
330.495 |
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RETURN |
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Return on Sales |
% |
12,61 |
19,05 |
8,13 |
3,79 |
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Return on Equity - Net- ( R.O.E. ) |
% |
21,79 |
45,01 |
42,45 |
6,70 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
35,64 |
60,87 |
66,73 |
18,82 |
|
Return on Investment ( R.O.I. ) |
% |
13,86 |
21,36 |
14,43 |
4,89 |
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Return/ Sales |
% |
11,78 |
14,60 |
6,76 |
4,78 |
|
Extra Management revenues/charges incid. |
% |
62,49 |
80,29 |
77,03 |
29,96 |
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Cash Flow |
Value |
165.881 |
254.220 |
126.745 |
165.166 |
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Operating Profit |
Value |
154.973 |
194.817 |
105.317 |
225.593 |
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Gross Operating Margin |
Value |
224.007 |
292.625 |
150.941 |
376.080 |
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MANAGEMENT |
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Credits to clients average term |
Days |
38,27 |
47,14 |
32,26 |
111,07 |
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Debts to suppliers average term |
Days |
111,89 |
138,39 |
106,27 |
127,44 |
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Average stock waiting period |
Days |
87,59 |
17,29 |
29,76 |
62,88 |
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Rate of capital employed return ( Turnover
) |
Units |
1,18 |
1,46 |
2,13 |
1,10 |
|
Rate of stock return |
Units |
4,11 |
20,82 |
12,10 |
5,58 |
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Labour cost incidence |
% |
16,15 |
15,52 |
9,13 |
18,94 |
|
Net financial revenues/ charges incidence |
% |
0,14 |
0,11 |
0,43 |
- 1,15 |
|
Labour cost on purchasing expenses |
% |
14,95 |
16,63 |
10,20 |
18,99 |
|
Short-term financing charges |
% |
0,03 |
0,16 |
0,05 |
2,55 |
|
Capital on hand |
% |
85,00 |
68,37 |
46,85 |
90,89 |
|
Sales pro employee |
Value |
219.169 |
222.369 |
389.509 |
199.007 |
|
Labour cost pro employee |
Value |
35.395 |
34.520 |
35.550 |
34.820 |
|
Population living in the province |
: |
0 |
|
Population living in the region |
: |
9.393.092 |
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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 |
The values are calculated on a
base of 1.964 significant companies.
The companies cash their credits
on an average of 111 dd.
The average duration of
suppliers debts is about 127 dd.
The sector's profitability is on
an average of 3,79%.
The labour cost affects the
turnover in the measure of 18,94%.
Goods are held in stock in a
range of 62 dd.
The difference between the sales
volume and the resources used to realize it is about 1,10.
The employees costs represent
the 18,99% of the production costs.
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.52.79 |
|
UK Pound |
1 |
Rs.85.17 |
|
Euro |
1 |
Rs.69.53 |
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.