|
Report Date : |
06.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
JOHN BEAN TECHNOLOGIES S.P.A. |
|
|
|
|
Registered Office : |
Via Mantova,63/A 43100- Parma (PR) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
25.03.1960 |
|
|
|
|
Com. Reg. No.: |
PR027-18505 since 19/02/1996 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture of irradiation, electromedical and electrotherapeutic equipment |
|
|
|
|
No. of Employees : |
From 91 to 110 |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
70.000 - Eur |
|
Status : |
Moderate |
|
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 30, 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 |
John Bean Technologies S.p.a.
Via Mantova,63/A
43100- Parma (PR) -IT-
|
Fiscal Code |
: |
01987590153 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
25/03/1960 |
|
Equity |
: |
Over 2.582.254 Eur |
|
Turnover Range |
: |
18.000.000/20.000.000 Eur |
|
Number of Employees |
: |
from 91 to 110 |
|
Group |
: |
JOHN BEAN |
|
Credit Opinion |
: |
70.000 - Eur |
|
|
Manufacture of irradiation, electromedical and electrotherapeutic
equipment
Legal Form : Joint stock company
|
Fiscal Code : 01987590153 |
|
Foreign Trade Reg. no. : PR008823 since 20/02/1992 |
|
Chamber of Commerce no. : 238433 of Catania |
|
Chamber of Commerce no. : 1560791 of Milano |
|
Chamber of Commerce no. : 1852062 of Milano |
|
Chamber of Commerce no. : 82621 of Parma since 16/02/1961 |
|
Chamber of Commerce no. : 227781 of Varese |
|
Firms' Register : PR027-18505 since 19/02/1996 |
|
V.A.T. Code : 01621500345 |
|
Foundation date |
: 25/03/1960 |
|
|
Establishment date |
: 25/03/1960 |
|
|
Start of Activities |
: 25/03/1960 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 192.456 |
Eur |
|
Subscribed Capital |
: 192.456 |
Eur |
|
Paid up Capital |
: 192.456 |
Eur |
|
|
Parisini |
Gianluca |
|
|
|
Born in Parma |
(PR) |
on 14/11/1969 |
- Fiscal Code : PRSGLC69S14G337T |
|
|
|
Residence : |
Via |
Mantova |
, 63/A |
- 43100 |
Parma |
(PR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
15/12/2011 |
|
|
|
|
No Protests registered |
|
|
Fernandez Villena |
Carlos |
|
|
|
Born in Madrid |
on 19/01/1970 |
- Fiscal Code : FRNCLS70A19Z131M |
|
|
|
Residence : |
Via |
Mantova |
, 63/A |
- 43100 |
Parma |
(PR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
19/07/2010 |
|
|
|
Director |
09/07/2010 |
|
|
|
|
No Protests registered |
|
|
Tonelli |
Marco |
|
|
|
Born in Bologna |
(BO) |
on 28/02/1965 |
- Fiscal Code : TNLMRC65B28A944Y |
|
|
|
Residence : |
Via |
Mantova |
, 63/A |
- 43100 |
Parma |
(PR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
18/03/2009 |
|
|
|
|
No Protests registered |
|
|
Vitali Nari |
Michele |
|
|
|
Born in Parma |
(PR) |
on 30/01/1951 |
- Fiscal Code : VTLMHL51A30G337V |
|
|
|
Residence : |
Via |
F.maestri |
, 5 |
- 43100 |
Parma |
(PR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
05/10/2005 |
|
|
|
|
No Protests registered |
|
|
Arvidsson |
Olof Torbjoern |
|
|
|
Born in Gustav Adolf |
on 09/01/1952 |
- Fiscal Code : RVDLTR52A09Z132S |
|
|
|
Residence : |
Via |
Mantova |
, 63/A |
- 43122 |
Parma |
(PR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
09/07/2010 |
|
|
|
Board Chairman |
09/07/2010 |
|
|
|
|
No Protests registered |
|
|
Malhotra |
Avinash |
|
|
|
Born in New Delhi |
on 30/03/1960 |
- Fiscal Code : MLHVSH60C30Z222R |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
09/07/2010 |
|
|
|
|
No Protests registered |
|
|
Gelati |
Christian |
|
|
|
Born in Parma |
(PR) |
on 06/06/1970 |
- Fiscal Code : GLTCRS70H06G337U |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
15/12/2011 |
|
|
|
|
No Protests registered |
|
|
Marmiroli |
Gianluca |
|
|
|
Born in Parma |
(PR) |
on 02/03/1963 |
- Fiscal Code : MRMGLC63C02G337W |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
25/02/2010 |
|
|
|
|
No Protests registered |
|
|
Rabadan Velazquez |
Sergio Antonio |
|
|
|
Born in Madrid |
on 11/03/1970 |
- Fiscal Code : RBDSGN70C11Z131J |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
04/02/2011 |
|
|
|
|
No Protests registered |
|
|
Menozzi |
Giorgio |
|
|
|
Born in Parma |
(PR) |
on 21/02/1961 |
- Fiscal Code : MNZGRG61B21G337V |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
15/12/2011 |
|
|
|
|
No Protests registered |
*checkings have been performed on a national scale.
In this module the companies in which members hold/held positions are
listed.
The Members of the subject firm are not reported to be Members in other
companies.
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
John Bean Technologies Nv |
|
|
112.750 .Eur |
58,58 |
|
John Bean Technologies Corporation |
|
|
59.241 .Eur |
30,78 |
|
John Bean Technologies Holding Ab |
|
|
20.464 .Eur |
10,63 |
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares
Amount |
% Ownership |
since |
until |
Share Status |
|
So.Ge.A.P. Aeroporto Di Parma Societa' per La Gestione - S.p.A. |
Parma - IT - |
00901100347 |
159 .Eur |
|
|
|
Active |
|
Parma-tecnologia Consorzio Per L'impiantIstica Alimentare Srl
(societa' In Liqui |
Parma - IT - |
00488160342 |
1.291 .Eur |
2,70 |
|
|
Active |
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
since 09/11/1987 |
|
|
|
|
|
Via |
Mantova |
, 63/A |
- 43100 |
- Parma |
(PR) |
- IT - |
|
|
|
|
PHONE |
: 0521/908411 |
|
|
|
|
FAX |
: 0521/487960 |
|
- |
Branch |
(Operating branch ) |
since 18/06/2007 |
|
|
|
|
|
Viale |
Milanofiori Strada I |
- 20094 |
- Assago |
(MI) |
- IT - |
|
|
|
|
Employees |
: 109 |
|
Fittings and Equipment for a value of 6.450.000 |
Eur |
|
Stocks for a value of 2.170.000 |
Eur |
|
Work in progress for a value of 290.000 |
Eur |
Trade organization: direct or by agents.
Sales area on a national scale.
Transports are mainly done using own vehicles and third parties ones
The company 's mainly customers are companies.
|
|
Export represents more than 50% of the global turnover.
Products abroad are placed by :
|
- national or foreign important buyers |
|
- importers |
|
- trading companies |
|
- its own sales net-work |
|
- its own agents |
|
- its own foreign branches |
|
- direct orders from foreign companies |
Company uses to accept the following term of sales: 30-60-90 days.
Main sales modalities: issue cheques and bank transfers.
Purchase terms: 60-90-120 days.
The most used payment modality is the bank transfer one.
Import comes generally from the following nations:
|
- Francia |
|
- Austria |
Export is mainly towards:
|
- Irlanda |
|
- Grecia |
COMPANY STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
FMC TECHNOLOGIES ITALIA S.P.A. |
John Bean Technologies SpA |
27/06/2008 |
EX-MEMBERS / EX-POSITIONS:
|
|
Baker Tilly Consulaudit S.p.a. |
|
|
- Fiscal Code : 01213510017 |
|
|
|
Residence : |
Via |
Guido Reni |
, 2/2 |
- 40100 |
Bologna |
(BO) |
- IT - |
|
Ex-Postions |
|
|
|
|
Miranda Serrano |
Jose Manuel |
|
|
|
Born in Madrid |
on 21/01/1951 |
- Fiscal Code : MRNJMN51A21G337P |
|
|
|
Residence : |
Via |
Mantova |
, 63/A |
- 43100 |
Parma |
(PR) |
- IT - |
|
Ex-Postions |
|
Director |
|
Board Chairman |
|
|
Jonsson |
Karl Johan Fredrik |
|
|
|
Born in Glumslow |
on 07/06/1969 |
- Fiscal Code : JNSKLJ69H07Z132E |
|
|
|
Residence : |
Via |
Mantova |
, 63/A |
- 43100 |
Parma |
(PR) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Tosti |
Piero |
|
|
|
Born in Vetralla |
on 18/05/1950 |
- Fiscal Code : TSTPRI50E18L814D |
|
|
|
Residence : |
Via |
Mantova |
, 63/A |
- 43100 |
Parma |
(PR) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
|
Ramazzotti |
Mario |
|
|
|
Born in Parma |
on 16/11/1970 |
- Fiscal Code : RMZMRA70S16G337L |
|
|
|
Residence : |
Via |
Nazionale Est |
, 19 |
- 43044 |
Collecchio |
(PR) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
|
Horn |
Graham Douglas |
|
|
|
Born in Gran Bretagna E Irlanda Del No |
on 10/11/1965 |
- Fiscal Code : HRNGHM65S10Z114C |
|
|
|
Residence : |
Via |
Mantova |
, 63/A |
- 43100 |
Parma |
(PR) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
|
Carughi |
Alberto |
|
|
|
Born in Alessandria |
on 06/09/1951 |
- Fiscal Code : CRGLRT51P06A182Q |
|
|
|
Residence : |
Via |
Mantova |
, 63/A |
- 43100 |
Parma |
(PR) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
|
Marmiroli |
Claudio |
|
|
|
Born in Parma |
on 04/04/1954 |
- Fiscal Code : MRMCLD54D04G337Y |
|
|
|
Residence : |
Via |
Ciaccio Montalto |
, 2 |
- 43100 |
Parma |
(PR) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
|
Allotta |
Silvana |
|
|
|
Born in Trapani |
on 12/12/1952 |
- Fiscal Code : LLTSVN52T52L331A |
|
|
|
Residence : |
Via |
Gabibaldi |
, 284/Z |
- 95100 |
Viagrande |
(CT) |
- IT - |
|
Ex-Postions |
|
General Director |
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of merging by taking over of |
|
|
|
FMC PACKAGING MACHINERY S.P.A. |
|
|
|
, PARMA, VIA MANTOVA 63/A |
(PR) |
- IT - |
|
|
|
Fiscal Code: 09042490152 |
|
|
|
Date |
Merging/splitting-up project : |
12/06/1997 |
|
|
The firm absorbed by merging of |
|
|
|
FMC PACKAGING MACHINERY S.P.A. |
|
|
|
, PARMA, VIA MANTOVA 63/A |
(PR) |
- IT - |
|
|
|
Fiscal Code: 09042490152 |
|
|
|
Date |
: |
24/11/1997 |
|
|
The firm absorved |
|
|
|
SANDEI - S.R.L. |
|
|
|
, COLLECCHIO VIA NAZIONALE EST |
(PR) |
- IT - |
|
|
|
Fiscal Code: 00947730347 |
|
|
|
Date |
: |
24/11/1997 |
|
|
The firm absorbed by merging of |
|
|
|
FRIGOSCANDIA EQUIPMENT SRL |
|
|
|
Viale |
MONTE NERO |
, 11 |
, 20100 |
, Milano |
(MI) |
- IT - |
|
|
|
Fiscal Code: 01830390157 |
|
|
|
Date |
: |
24/11/1997 |
Protests checking on the subject firm has given a negative result.
Search performed on a National Scale
|
|
|
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 is active since 1960
Balance sheets for the years 2008, 2009 and 2010 were analyzed.
Under the financial profile unstable results are noted. ; in the last
financial year a loss was registered (r.o.e. -34,65%) In the last financial
year a drop in sales has been registered (-31,45%).
The return on investment in the last financial year was negative
(-5,13%).
The operating loss amounts to Eur. -1.140.541 .
During the latest financial year the gross operating margin amounted to
Eur. 573.418 showing a drop (-73,67%).
The financial status of the company is fairly balanced with an
indebtedness level of 3,6 yet on the increase as against the previous
accounting period.
The management generated equity capital for an amount of Eur. 3.887.013
with a -25,73% fall.
Total indebtedness totalled Eur. 14.020.502, on the same levels as the
year before.
The company does not exceed in bank credits; payments average period is
instead slightly high (124,08 gg.) however still within the sector's average.
It shows a not very good liquidity level.
Trade credits average terms are slow, on average 94,54 days. but in line
with the sector.
The financial management generated a cash flow of Eur. 348.202.
Labour cost expenses amount to Eur. 7.591.788 , representing 34,16% on
the total of production costs. , whereas the incidence of such costs on sales
revenues is equal to 38,61%.
The financial management has a limited economic impact, equal to -1,05%
on the sales.
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
19.665.210 |
|
Profit (Loss) for the period |
-1.346.893 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
28.691.580 |
|
Profit (Loss) for the period |
-652.088 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
32.414.196 |
|
Profit (Loss) for the period |
1.344.397 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
47.179.304 |
|
Profit (Loss) for the period |
646.641 |
|
|
|
Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
29.481.622 |
|
Profit (Loss) for the period |
-81.277 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
0,49 |
0,49 |
0,49 |
0,18 |
|
Elasticity Ratio |
Units |
0,50 |
0,51 |
0,50 |
0,78 |
|
Availability of stock |
Units |
0,10 |
0,10 |
0,12 |
0,21 |
|
Total Liquidity Ratio |
Units |
0,41 |
0,41 |
0,38 |
0,51 |
|
Quick Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,04 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
3,60 |
2,52 |
1,82 |
2,10 |
|
Self Financing Ratio |
Units |
0,17 |
0,23 |
0,28 |
0,25 |
|
Capital protection Ratio |
Units |
1,30 |
1,09 |
0,74 |
0,72 |
|
Liabilities consolidation quotient |
Units |
0,11 |
0,14 |
0,18 |
0,20 |
|
Financing |
Units |
3,61 |
2,52 |
1,83 |
2,77 |
|
Permanent Indebtedness Ratio |
Units |
0,25 |
0,30 |
0,37 |
0,42 |
|
M/L term Debts Ratio |
Units |
0,07 |
0,08 |
0,09 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,66 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
0,50 |
0,63 |
0,76 |
1,67 |
|
Current ratio |
Units |
0,80 |
0,90 |
0,97 |
1,29 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,64 |
0,73 |
0,73 |
0,89 |
|
Structure's primary quotient |
Units |
0,35 |
0,46 |
0,57 |
1,07 |
|
Treasury's primary quotient |
Units |
0,00 |
0,00 |
0,01 |
0,09 |
|
Rate of indebtedness ( Leverage ) |
% |
571,76 |
444,03 |
353,13 |
391,64 |
|
Current Capital ( net ) |
Value |
-2.850.358 |
-1.281.860 |
-313.564 |
649.109 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
1,77 |
3,10 |
8,96 |
3,67 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
- 34,65 |
- 12,46 |
22,84 |
5,57 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
- 30,07 |
- 8,00 |
27,27 |
15,37 |
|
Return on Investment ( R.O.I. ) |
% |
- 5,13 |
- 1,32 |
8,82 |
4,68 |
|
Return/ Sales |
% |
- 5,80 |
- 1,07 |
5,66 |
4,26 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
n.c. |
73,30 |
23,72 |
|
Cash Flow |
Value |
348.202 |
889.767 |
2.902.908 |
124.367 |
|
Operating Profit |
Value |
-1.140.541 |
-306.379 |
1.834.085 |
167.285 |
|
Gross Operating Margin |
Value |
573.418 |
2.178.092 |
3.645.610 |
316.895 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
94,54 |
90,33 |
57,26 |
111,74 |
|
Debts to suppliers average term |
Days |
124,08 |
83,63 |
128,25 |
115,66 |
|
Average stock waiting period |
Days |
39,67 |
28,68 |
28,62 |
63,87 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,88 |
1,23 |
1,56 |
1,17 |
|
Rate of stock return |
Units |
9,08 |
12,55 |
12,58 |
5,58 |
|
Labour cost incidence |
% |
38,61 |
29,56 |
27,26 |
19,50 |
|
Net financial revenues/ charges incidence |
% |
- 1,05 |
- 0,46 |
- 0,71 |
- 1,37 |
|
Labour cost on purchasing expenses |
% |
34,16 |
27,01 |
29,87 |
20,26 |
|
Short-term financing charges |
% |
1,65 |
1,02 |
2,29 |
2,70 |
|
Capital on hand |
% |
113,01 |
81,00 |
64,12 |
85,54 |
|
Sales pro employee |
Value |
82.975 |
108.270 |
279.432 |
218.435 |
|
Labour cost pro employee |
Value |
32.032 |
32.004 |
76.172 |
34.901 |
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:
70.000 Eur.
|
Population living in the province |
: |
413.198 |
|
Population living in the region |
: |
4.151.369 |
|
Number of families in the region |
: |
1.748.359 |
Monthly family expences average in the region (in Eur.) :
|
- per food products |
: |
425 |
|
- per non food products |
: |
2.063 |
|
- per energy consume |
: |
143 |
The values are calculated on a base of 564 significant companies.
The companies cash their credits on an average of 111 dd.
The average duration of suppliers debts is about 115 dd.
The sector's profitability is on an average of 3,67%.
The labour cost affects the turnover in the measure of 19,50%.
Goods are held in stock in a range of 63 dd.
The difference between the sales volume and the resources used to
realize it is about 1,17.
The employees costs represent the 20,26% of the production costs.
The area is statistically considered lowly risky.
In the region 18.860 protested subjects are found; in the province they
count to 1.231.
The insolvency index for the region is 0,46, , while for the province it
is 0,31.
Total Bankrupt companies in the province : 1.624.
Total Bankrupt companies in the region : 14.698.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.79 |
|
|
1 |
Rs.78.79 |
|
Euro |
1 |
Rs.65.74 |
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 SCs 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.