MIRA INFORM REPORT

 

 

Report Date :           

04.02.2012

 

IDENTIFICATION DETAILS

 

Name :

CENTRO PRESSE S.R.L.

 

 

Registered Office :

Corso Regina Margherita,  272,

10100 – Torino (TO)

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

14.04.2000

 

 

Com. Reg. No.:

TO-2000-84861

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesale of machine tools

 

 

No. of Employees :

06 to 10

 

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 :

130.000 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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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 

 

Centro Presse S.r.l.

 

Corso Regina Margherita,  272

 

10100 - Torino (TO) -IT-

 

 

Summary

 

Fiscal Code

:

07977300016

Legal Form

:

Limited liability company

Establishment Date

:

14/04/2000

Equity

:

200.000 Eur

Turnover Range

:

3.000.000/3.750.000 Eur

Number of Employees

:

fom 6 to 10

 

 

Credit Analysis

 

Credit Opinion

:

130.000 - Eur

 

 

Activity

 

Wholesale of machine tools

 

Legal Data

 

Legal Form : Limited liability company

Fiscal Code : 07977300016

 

Chamber of Commerce no. : 935838 of Torino since 18/05/2000

 

Firms' Register : TO-2000-84861

 

V.A.T. Code : 07977300016

 

Establishment date

: 14/04/2000

Nominal Capital

: 11.000

Eur

Subscribed Capital

: 11.000

Eur

Paid up Capital

: 11.000

Eur

 

Members

 

 

De Faveri

Giampiero

 

 

 

Born in Nizza Monferrato

(AT)

on 22/06/1957

- Fiscal Code : DFVGPR57H22F902T

 

 

 

Residence :

Via

Rivoli

, 84/A

- 10090

Rosta

(TO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Sole Director

15/09/2004

 

 

 

 

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.

 

 

DE FAVERI

GIAMPIERO

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

ASSERVO PRESSE SRL - IN LIQUIDAZIONE

Torino (TO) - IT -

04412760011

Liquidator

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

De Faveri Giampiero

Rosta - IT -

DFVGPR57H22F902T

1.100 .Eur

10,00

 

 

Direct Participations

 

The Company under review has no participations in other Companies.



Firm's location and structure

 

In order to carry out its activities the firm uses the following locations:

 

-

Registered office

 

 

 

 

 

Corso

Regina Margherita Studio Cascino

, 272

- 10100

- Torino

(TO)

- IT -

 

-

Operative seat

since 23/12/2004

 

 

 

 

 

Via

Don Sapino

, 134

- 10078

- Venaria

(TO)

- IT -

 

 

 

 

PHONE

: 011/715324

 

-

Branch

(Wholesale store )

since 23/12/2004

 

 

 

 

 

Via

Xxv Aprile

, 154/4

- 10042

- Nichelino

(TO)

- IT -

 

 

 

 

Employees

: 9

 

Fittings and Equipment for a value of 340.000

Eur

 

Stocks for a value of 470.000

Eur

 

 

 

Protests

 

Protests checking on the subject firm has given a negative result.

 

Legal Procedures

 

None reported, standing to the latest received edition of the Official Publications.

 

Financial and Economical Analysis

 

The company is active since 2000

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 0,71% in 2010 and during the last financial year an increase in sales volume was registered (more then 100% in 2010).

The operating result was positive in the last financial year (4,76%) and in line with the sector's average.

The operating result is positive and amounts to Eur. 100.990 , with no sizeable change as opposed to the year before.

During the latest financial year the gross operating margin amounted to Eur. 537.194 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 7,96 increasing as against 2009.

With regard to equity capital, an amount of Eur. 187.945 is registered. , unchanged if compared to 2009.

Eur. 1.499.819 is the amount of total debts, both commercial and of different nature, , showing an upward trend if compared to 2009.

The recourse to bank credit is slightly high and also borrowings from suppliers appear to be high, with an average payment period equal to 124,25 gg. but lined up with the field's average.

Liquidity is good (1,39)

As far as the collection of credit goes, the average is high (136,83 days). within the standard level of the average of the sector.

During financial year 2010 the cash flow amounted to Eur. 41.302

Labour cost amounts to Eur. 303.737, with a 9,65% incidence on production costs. , with a 9,42% incidence on turnover.

The incidence of the financial charges is of -1,36% on the sales amount.


Financial Data

 

 

 

Complete balance-sheet for the year

31/12/2010

(in Eur

x 1 )

 

Item Type

Value

Sales

3.223.260

Profit (Loss) for the period

1.337

 

 

 

Complete balance-sheet for the year

31/12/2009

(in Eur

x 1 )

 

Item Type

Value

Sales

1.408.197

Profit (Loss) for the period

30.846

 

 

 

Complete balance-sheet for the year

31/12/2008

(in Eur

x 1 )

 

Item Type

Value

Sales

5.046.671

Profit (Loss) for the period

28.397

 

 

 

Complete balance-sheet for the year

31/12/2007

(in Eur

x 1 )

 

Item Type

Value

Sales

2.373.761

Profit (Loss) for the period

28.515

 

 

 

Complete balance-sheet for the year

31/12/2006

(in Eur

x 1 )

 

Item Type

Value

Sales

2.076.939

Profit (Loss) for the period

41.575


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

 

Years

2010

2009

2008

BALANCE SHEET ACCOUNTS

 

ASSETS

 

 

 

CREDITS VS PARTNERS

 

 

 

. Deposits not yet withdrawn

 

 

 

. Deposits already withdrawn

 

 

 

Total credits vs partners

 

 

 

FIXED ASSETS

 

 

 

. INTANGIBLE FIXED ASSETS

 

 

 

. . Start-up and expansion expenses

 

 

 

. . Research,develop. and advert.expens.

 

 

 

. . Industrial patent rights

 

 

 

. . Concessions,licenses,trademarks,etc.

 

 

 

. . Goodwill

 

 

 

. . Assets in formation and advance paymen.

 

 

 

. . Other intangible fixed assets

 

 

 

. Total Intangible Fixed Assets

2.250

3.000

 

. TANGIBLE FIXED ASSETS

 

 

 

. . Real estate

 

 

 

. . Plant and machinery

 

 

 

. . Industrial and commercial equipment

 

 

 

. . Other assets

 

 

 

. . Assets under construction and advances

 

 

 

. Total Tangible fixed assets

24.848

31.308

36.323

. FINANCIAL FIXED ASSETS

 

 

 

. . Equity investments

 

 

 

. . . Equity invest. in subsidiary companies

 

 

 

. . . Equity invest. in associated companies

 

 

 

. . . Equity invest. in holding companies

 

 

 

. . . Equity invest. in other companies

 

 

 

. . Financial receivables

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . . Receivab due from subsidiaries

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . . Receivables due from assoc.comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . . Receivables due from holding comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . . Receivables due from third parties

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Other securities

 

 

 

. . Own shares

 

 

 

. . . Total nominal value

 

 

 

. Total financial fixed assets

387

387

387

Total fixed assets

27.485

34.695

36.710

CURRENT ASSETS

 

 

 

. INVENTORIES

 

 

 

. . Raw materials and other consumables

 

 

 

. . Work in progress and semimanufactured

 

 

 

. . Work in progress on order

 

 

 

. . Finished goods

 

 

 

. . Advance payments

 

 

 

. Total Inventories

473.000

650.000

410.000

. CREDITS NOT HELD AS FIXED ASSETS

 

 

 

. . Within 12 months

1.316.209

625.710

1.118.916

. . Beyond 12 months

294.086

11.264

13.990

. . Trade receivables

1.225.148

457.057

541.647

. . . . Within 12 months

1.225.148

457.057

541.647

. . . . Beyond 12 months

 

 

 

. . Receivables due from subsid. comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Receivables due from assoc. comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Receivables due from holding comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Fiscal Receivables

3.262

116.121

159.067

. . . . Within 12 months

3.262

116.121

159.067

. . . . Beyond 12 months

 

 

 

. . Receivables for anticipated taxes

1.330

11.264

13.990

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

1.330

11.264

13.990

. . Receivables due from third parties

380.555

52.532

418.202

. . . . Within 12 months

87.799

52.532

418.202

. . . . Beyond 12 months

292.756

 

 

. Total Credits not held as fixed assets

1.610.295

636.974

1.132.906

. FINANCIAL ASSETS

 

 

 

. . Equity invest. in subsidiary comp.

 

 

 

. . Equity invest. in associated companies

 

 

 

. . Equity invest. in holding companies

 

 

 

. . Other equity investments

 

 

 

. . Own shares

 

 

 

. . . Total nominale value

 

 

 

. . Other securities

 

 

 

. Total Financial Assets

 

 

 

. LIQUID FUNDS

 

 

 

. . Bank and post office deposits

 

 

 

. . Checks

 

 

 

. . Banknotes and coins

 

 

 

. Total Liquid funds

4.043

67.744

355.217

Total current assets

2.087.338

1.354.718

1.898.123

ADJUSTMENT ACCOUNTS

 

 

 

. Discount on loans

 

 

 

. Other adjustment accounts

5.246

8.421

10.552

Total adjustments accounts

5.246

8.421

10.552

TOTAL ASSETS

2.120.069

1.397.834

1.945.385

 

 

 

 

LIABILITIES

 

 

 

STOCKHOLDERS' EQUITY

 

 

 

. Capital stock

11.000

11.000

11.000

. Additional paid-in capital

 

 

 

. Revaluation reserves

 

 

 

. Legal reserve

4.395

4.395

4.395

. Reserve for Own shares

 

 

 

. Statute reserves

171.211

140.365

111.968

. Other reserves

2

1

2

. Accumulated Profits (Losses)

 

 

 

. Profit( loss) of the year

1.337

30.846

28.397

. Advances on dividends

 

 

 

. Partial loss of the year Coverage

 

 

 

Total Stockholders'Equity

187.945

186.607

155.762

RESERVES FOR RISKS AND CHARGES

 

 

 

. . Reserve for employee termination indem.

 

 

 

. . Taxation fund, also differed

 

 

 

. . Other funds

 

 

 

Total Reserves for Risks and Charges

396.239

 

 

Employee termination indemnities

22.148

12.241

6.468

ACCOUNTS PAYABLE

 

 

 

. . . . Within 12 months

1.499.819

1.198.986

1.783.155

. . . . Beyond 12 months

 

 

 

. . Bonds

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Convertible bonds repayable

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to shareholders for financing

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to banks

243.870

341.151

519.626

. . . . Within 12 months

243.870

341.151

519.626

. . . . Beyond 12 months

 

 

 

. . Due to other providers of finance

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Advances from customers

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Trade payables

706.804

408.551

997.837

. . . . Within 12 months

706.804

408.551

997.837

. . . . Beyond 12 months

 

 

 

. . Securities issued

56.740

118.728

 

. . . . Within 12 months

56.740

118.728

 

. . . . Beyond 12 months

 

 

 

. . Due to subsidiary companies

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to associated companies

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to holding companies

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to the tax authorities

358.276

268.382

242.943

. . . . Within 12 months

358.276

268.382

242.943

. . . . Beyond 12 months

 

 

 

. . Due to social security and welfare inst.

118.237

44.928

17.881

. . . . Within 12 months

118.237

44.928

17.881

. . . . Beyond 12 months

 

 

 

. . Other payables

15.892

17.246

4.868

. . . . Within 12 months

15.892

17.246

4.868

. . . . Beyond 12 months

 

 

 

Total accounts payable

1.499.819

1.198.986

1.783.155

ADJUSTMENT ACCOUNTS

 

 

 

. Agio on loans

 

 

 

. Other adjustment accounts

13.918

 

 

Total adjustment accounts

13.918

 

 

TOTAL LIABILITIES

2.120.069

1.397.834

1.945.385

 

 

 

 

 

 

MEMORANDUM ACCOUNTS

 

Third party goods

 

 

 

Investment accounts

 

 

 

Risk accounts

 

 

 

Civil and fiscal norms relation

 

 

 

 

 

 

 

 

 

PROFIT AND LOSS ACCOUNTS

 

VALUE OF PRODUCTION

 

 

 

. Revenues from sales and services

3.223.260

1.408.197

5.046.671

. Changes in work in progress

 

 

 

. Changes in semi-manufact. products

 

 

 

. Capitalization of internal work

 

 

 

. Other income and revenues

23.899

910

11.846

. . Contributions for operating expenses

 

 

 

. . Different income and revenues

23.899

910

11.846

Total value of production

3.247.159

1.409.107

5.058.517

PRODUCTION COSTS

 

 

 

. Raw material,other materials and consum.

1.642.729

994.370

3.719.459

. Services received

372.554

365.896

1.134.898

. Leases and rentals

197.008

16.648

17.805

. Payroll and related costs

303.737

159.819

97.528

. . Wages and salaries

211.329

122.331

68.652

. . Social security contributions

64.543

28.171

24.811

. . Employee termination indemnities

12.966

8.650

4.065

. . Pension and similar

 

 

 

. . Other costs

14.899

667

 

. Amortization and depreciation

39.965

10.014

8.043

. . Amortization of intangible fixed assets

750

750

 

. . Amortization of tangible fixed assets

8.253

9.264

8.043

. . Depreciation of tangible fixed assets

 

 

 

. . Writedown of current receiv.and of liquid

30.962

 

 

. Changes in raw materials

177.000

-240.000

-97.000

. Provisions to risk reserves

396.239

 

 

. Other provisions

 

 

 

. Other operating costs

16.937

6.788

60.010

Total production costs

3.146.169

1.313.535

4.940.743

Diff. between value and cost of product.

100.990

95.572

117.774

FINANCIAL INCOME AND EXPENSE

 

 

 

. Income from equity investments

 

 

 

. . In subsidiary companies

 

 

 

. . In associated companies

 

 

 

. . In other companies

 

 

 

. Other financial income

745

 

 

. . Financ.income from receivables

 

 

 

. . . Towards subsidiary companies

 

 

 

. . . Towards associated companies

 

 

 

. . . Towards holding companies

 

 

 

. . . Towards other companies

 

 

 

. . Financ.income from secur. t.f.assets

 

 

 

. . Financ.income from secur. cur.assets

 

 

 

. . Financ.income other than the above

745

 

 

. . . - Subsidiary companies

 

 

 

. . . - Associated companies

 

 

 

. . . - Holding companies

 

 

 

. . . - Other companies

 

 

 

. Interest and other financial expense

-44.636

-32.587

-59.946

. . Towards subsidiary companies

 

 

 

. . Towards associated companies

 

 

 

. . Towards holding companies

 

 

 

. . Towards other companies

 

 

 

Total financial income and expense

-43.891

-32.587

-59.946

ADJUSTMENTS TO FINANCIAL ASSETS

 

 

 

. Revaluations

 

 

 

. . Of equity investments

 

 

 

. . Of financ.fixed assets not repres.E.I.

 

 

 

. . Of securities incl.among current assets

 

 

 

. Devaluation

 

 

 

. . Of equity investments

 

 

 

. . Of financial fixed assets (no equity inv)

 

 

 

. . Of securities included among current ass

 

 

 

Total adjustments to financial assets

 

 

 

EXTRAORDINARY INCOME AND EXPENSE

 

 

 

. Extraordinary income

 

2

 

. . Gains on disposals

 

 

 

. . Other extraordinary income

 

2

 

. Extraordinary expense

-1

 

 

. . Losses on disposals

 

 

 

. . Taxes relating to prior years

 

 

 

. . Other extraordinary expense

-1

 

 

Total extraordinary income and expense

-1

2

 

Results before income taxes

57.098

62.987

57.828

. Taxes on current income

55.761

32.141

29.431

. . current taxes

54.227

29.415

31.123

. . differed taxes(anticip.)

1.534

2.726

-1.692

. Net income for the period

1.337

30.846

28.397

. Adjustments in tax regulations pursuance

 

 

 

. Provisions in tax regulations pursuance

 

 

 

. Profit (loss) of the year

1.337

30.846

28.397

 

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

0,01

0,02

0,02

0,10

Elasticity Ratio

Units

0,98

0,97

0,98

0,87

Availability of stock

Units

0,22

0,47

0,21

0,21

Total Liquidity Ratio

Units

0,76

0,50

0,76

0,61

Quick Ratio

Units

0,00

0,05

0,18

0,03

COMPOSITION ON SOURCE

 

 

 

 

 

Net Short-term indebtedness

Units

7,96

6,06

9,17

4,04

Self Financing Ratio

Units

0,09

0,13

0,08

0,16

Capital protection Ratio

Units

0,93

0,78

0,75

0,59

Liabilities consolidation quotient

Units

0,01

0,01

0,00

0,11

Financing

Units

7,98

6,43

11,45

4,85

Permanent Indebtedness Ratio

Units

0,10

0,14

0,08

0,26

M/L term Debts Ratio

Units

0,01

0,01

0,00

0,07

Net Financial Indebtedness Ratio

Units

1,28

1,47

1,06

1,01

CORRELATION

 

 

 

 

 

Fixed assets ratio

Units

7,64

5,73

4,42

2,12

Current ratio

Units

1,39

1,13

1,06

1,16

Acid Test Ratio-Liquidity Ratio

Units

1,08

0,59

0,83

0,88

Structure's primary quotient

Units

6,84

5,38

4,24

1,40

Treasury's primary quotient

Units

0,00

0,06

0,20

0,04

Rate of indebtedness ( Leverage )

%

1.128,03

749,08

1.248,95

620,22

Current Capital ( net )

Value

587.519

155.732

114.968

131.413

RETURN

 

 

 

 

 

Return on Sales

%

1,28

2,90

0,72

2,27

Return on Equity - Net- ( R.O.E. )

%

0,71

16,53

18,23

6,70

Return on Equity - Gross - ( R.O.E. )

%

30,38

33,75

37,13

18,85

Return on Investment ( R.O.I. )

%

4,76

6,84

6,05

4,76

Return/ Sales

%

3,13

6,79

2,33

3,70

Extra Management revenues/charges incid.

%

1,32

32,28

24,11

28,15

Cash Flow

Value

41.302

40.860

36.440

39.655

Operating Profit

Value

100.990

95.572

117.774

63.123

Gross Operating Margin

Value

537.194

105.586

125.817

99.042

MANAGEMENT

 

 

 

 

 

Credits to clients average term

Days

136,83

116,84

38,64

119,16

Debts to suppliers average term

Days

124,25

137,86

73,73

116,83

Average stock waiting period

Days

52,83

166,17

29,25

58,39

Rate of capital employed return ( Turnover )

Units

1,52

1,01

2,59

1,36

Rate of stock return

Units

6,81

2,17

12,31

6,14

Labour cost incidence

%

9,42

11,35

1,93

8,98

Net financial revenues/ charges incidence

%

- 1,36

- 2,31

- 1,19

- 1,08

Labour cost on purchasing expenses

%

9,65

12,17

1,97

8,98

Short-term financing charges

%

2,98

2,72

3,36

2,60

Capital on hand

%

65,77

99,26

38,55

73,17

Sales pro employee

Value

358.140

352.049

1.682.223

394.001

Labour cost pro employee

Value

33.748

39.954

32.509

34.340

 

 

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:

 

130.000 Eur.

 

 

Market / Territory Data

 

Population living in the province

:

2.236.941

Population living in the region

:

4.330.172

Number of families in the region

:

1.889.207

 

Monthly family expenses average in the region (in Eur.) :

 

- per food products

:

429

- per non food products

:

1.789

- per energy consume

:

135

 

Sector Data

 

The values are calculated on a base of 2.551 significant companies.

 

The companies cash their credits on an average of 119 dd.

The average duration of suppliers debts is about 116 dd.

The sector's profitability is on an average of 2,27%.

The labour cost affects the turnover in the measure of 8,98%.

Goods are held in stock in a range of 58 dd.

The difference between the sales volume and the resources used to realize it is about 1,36.

The employees costs represent the 8,98% of the production costs.

 

Statistical Detrimental Data

 

The area is statistically considered moderately risky.

In the region 27.019 protested subjects are found; in the province they count to 16.723.

The insolvency index for the region is 0,63, , while for the province it is 0,76.

Total Bankrupt companies in the province : 7.726.

Total Bankrupt companies in the region : 14.165.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.96

UK Pound

1

Rs.77.47

Euro

1

Rs.64.39

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.