|
Report Date : |
22.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
Procond electtronica s.r.l. |
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Registered Office : |
Localita Villanova - Zona Industriale, 6- 32013 - Longaron (BL) |
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Country : |
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|
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
19.10.2005 |
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Legal Form : |
Sole-Member Limited Liability Company |
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Line of Business : |
Manufacture of electrical and electronic equipment for motor vehicles and
their engines |
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No. of Employees : |
from 251 to 500 |
|
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
|
A2 |
A2 |
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Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
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 |
|
Source
: CIA |
Procond Elettronica S.r.l.
Localita' Villanova - Zona Industriale, 6
32013 - Longarone (BL) -IT-
Fiscal Code : 05026120963
Legal Form : Sole-Member Limited Liability Company
start of
Activities : 16/12/2005
Equity : Over 2.582.254
Turnover Range : 50.000.000/75.000.000
Number of
Employees : from 251 to 500
Procond Elettronica was
born in 1948 and produces electrical.
Its range of products becomes wider and wider over the years, going through
different business till its current specialization in appliances and
automotive.
In 1969 it produces capacitors for tv sets and for computer industry (Olivetti
and Honeywell). In 1978 it enlarges its production realizing RFI filters
for appliances and computers. In 1984 it enters the electronic control
business, starts producing switch-mode power supply for computers (IBM
and Digital) and becomes the COE (Center of Excellence) for electronic
controls for appliances for Zanussi.
In 1990 it exits the computer industry and starts gaining new appliances
(Bosch-Siemens, Merloni, Carrier) and
automotive (BMW, FIAT) customers.
In 1992 develops and produces airbag controls for Renault but it exits
from this business in 1997 to focus on the design, development, industrialization
and production of electronic controls and RFI filters for appliances and
automotive.
Today Procond Elettronica is the ideal partner for OEM clients of the
home appliances market who want to work in close contact with a company
characterized by very high technical and applicative competencies. Procond
Elettronica is actually able to quickly develop innovative electronic controls
and to produce them at low costs but with a very high quality level.
Manufacture of electronic components
Manufacture of electrical and electronic equipment for motor vehicles
and their engines
Legal Form : Sole-Member Limited Liability Company
|
Fiscal Code : 05026120963 |
|
Chamber of Commerce no. : 90070 of since 12/02/2009 |
|
V.A.T. Code : 05026120963 |
|
Establishment date |
: 19/10/2005 |
|
|
Start of Activities |
: 16/12/2005 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 3.000.000 |
|
|
Subscribed Capital |
: 3.000.000 |
|
|
Paid up Capital |
: 3.000.000 |
|
|
Olivotto |
Giampaolo |
|
|
Born in Belluno |
(BL) |
on 25/02/1958 |
- Fiscal Code : LVTGPL58B25A757E |
|
|
Residence: |
|
Mameli |
, 18 |
- 32100 |
Belluno |
(BL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
22/12/2010 |
|
|
|
No Prejudicial events are reported |
|
No Protests registered |
|
|
|
Bertolina |
Giorgio |
|
|
Born in Ivrea |
(TO) |
on 20/03/1960 |
- Fiscal Code : BRTGRG60C20E379J |
|
|
Residence: |
|
Aurelia |
, 21-9 |
- 16100 |
Genova |
(GE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
31/07/2012 |
|
|
|
|
No Protests registered |
|
|
Paulon |
Sabrina |
|
|
|
Born in Belluno |
(BL) |
on 24/08/1972 |
- Fiscal Code : PLNSRN72M64A757I |
|
|
|
Residence: |
|
Monte Frusseda |
, 9 |
- 32014 |
Ponte nelle Alpi |
(BL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
20/10/2006 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Rossi |
Pier Giorgio |
|
|
|
Born in Arezzo |
(AR) |
on 03/02/1942 |
- Fiscal Code : RSSPGR42B03A390Q |
|
|
|
Residence: |
|
Campaccio |
, 210 |
- 52044 |
Cortona |
(AR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
01/09/2009 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Cigana |
Fiorenzo |
|
|
|
Born in Torre di Mosto |
(VE) |
on 25/10/1954 |
- Fiscal Code : CGNFNZ54R25L267E |
|
|
|
Residence: |
|
Villastorta |
, 25 |
- 30026 |
Portogruaro |
(VE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
31/07/2012 |
|
|
|
Board Chairman |
31/07/2012 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Cianciulli |
Andrea |
|
|
|
Born in Montevarchi |
(AR) |
on 19/08/1970 |
- Fiscal Code : CNCNDR70M19F656B |
|
|
|
Residence: |
|
Celestino Bianchi |
, 3 |
- 50100 |
Firenze |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
01/09/2009 |
|
|
|
Director |
31/07/2012 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Selcom Elettronica S.p.a. |
|
|
|
|
|
|
Residence: |
|
Grandi |
, 5 |
- 40013 |
Castel Maggiore |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
|
|
|
|
|
No Prejudicial events are reported |
|
|
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 |
|
Selcom Elettronica S.p.a. |
Castel Maggiore - IT - |
13381780157 |
|
100,00 |
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares
Amount |
% Ownership |
since |
until |
Share Status |
|
Prosa Systems S.p.a.
- In Liquidazione - |
Porcia - IT - |
01595150937 |
250.000 .Eur |
50,00 |
|
|
Active |
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
|
|
Villanova - Zona Industriale |
, 6 |
- 32013 |
- Longarone |
(BL) |
- IT - |
|
|
PHONE |
: 0437577211-577333 |
|
|
FAX |
: 0437770751 |
|
|
Website |
: www.selcomgroup.com |
|
Employees |
: 311 |
|
Fittings and Equipment for a value of 2.920.000 |
Eur |
|
Stocks for a value of 7.580.000 |
Eur |
Sales area on a national scale.
The company supplies wholesalers and resellers.
EX-MEMBERS / EX-POSITIONS:
|
|
Bertolina |
Giorgio |
|
|
|
Born in Ivrea |
(TO) |
on 20/03/1960 |
- Fiscal Code : BRTGRG60C20E379J |
|
|
|
Residence: |
|
Aurelia |
, 21-9 |
- 16100 |
Genova |
(GE) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
Cigana |
Fiorenzo |
|
|
|
Born in Torre di Mosto |
(VE) |
on 25/10/1954 |
- Fiscal Code : CGNFNZ54R25L267E |
|
|
|
Residence: |
|
Villastorta |
, 25 |
- 30026 |
Portogruaro |
(VE) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
Savian |
Giuseppe |
|
|
|
Born in Motta di Livenza |
(TV) |
on 19/03/1973 |
- Fiscal Code : SVNGPP73C19F770Y |
|
|
|
Residence: |
|
Repubblica |
, 38 |
- 33080 |
Fiume Veneto |
(PN) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
De Bon |
Bruno |
|
|
|
Born in Akosombo |
( ) |
on 28/12/1964 |
- Fiscal Code : DBNBRN64T28Z318A |
|
|
|
Residence: |
|
Palladio |
, 18 |
- 32036 |
Sedico |
(BL) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Bernardi |
Sandro |
|
|
|
Born in Cortina d'Ampezzo |
(BL) |
on 02/11/1964 |
- Fiscal Code : BRNSDR64S02A266L |
|
|
|
Residence: |
|
Zona Industriale |
, 6 |
- 32013 |
Longarone |
(BL) |
- IT - |
|
Ex-Postions |
|
Person in charge |
|
Person in charge |
|
Managing Director |
|
Director |
|
|
Agnoli |
Luciano |
|
|
|
Born in Belluno |
(BL) |
on 13/12/1964 |
- Fiscal Code : GNLLCN64T13A757L |
|
|
|
Residence: |
|
F. Frigimelica |
, 28 |
- 32100 |
Belluno |
(BL) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Santamaria Amato |
Giuliana |
|
|
|
Born in Napoli |
(NA) |
on 29/09/1972 |
- Fiscal Code : SNTGLN72P69F839D |
|
|
|
Residence: |
|
Sandro Pertini |
, 6/C |
- 20020 |
Arese |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Fandella |
Sergio |
|
|
|
Born in Rapallo |
(GE) |
on 03/12/1961 |
- Fiscal Code : FNDSRG61T03H183U |
|
|
|
Residence: |
|
Trevisanato |
, 27 |
- 31021 |
Mogliano Veneto |
(TV) |
- IT - |
|
Ex-Postions |
|
Board Chairman |
|
Director |
|
|
Davia' |
Elena |
|
|
|
Born in Bologna |
(BO) |
on 07/11/1970 |
- Fiscal Code : DVALNE70S47A944S |
|
|
|
Residence: |
|
A. Sandi |
, 18 |
- 32015 |
Puos d'Alpago |
(BL) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Schiavo Campo De
Gregorio |
Marco |
|
|
|
Born in Palermo |
(PA) |
on 26/01/1951 |
- Fiscal Code : SCHMRC51A26G273G |
|
|
|
Residence: |
|
Sant'ambrogio |
, 4 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Director |
|
|
Frecchiami |
Andrea |
|
|
|
Born in Milano |
(MI) |
on 23/08/1969 |
- Fiscal Code : FRCNDR69M23F205Q |
|
|
|
Residence: |
|
P. Verri |
, 8 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Bellomo |
Alberto |
|
|
|
Born in Feltre |
(BL) |
on 01/07/1969 |
- Fiscal Code : BLLLRT69L01D530X |
|
|
Residence: |
|
Monte Grappa |
, 44 |
- 32032 |
Feltre |
(BL) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
|
Galbucci |
Claudio |
|
|
|
Born in Bologna |
(BO) |
on 06/10/1949 |
- Fiscal Code : GLBCLD49R06A944G |
|
|
|
Residence: |
|
Donato Creti |
, 53/2 |
- 40100 |
Bologna |
(BO) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Brandolini |
Gian Piero |
|
|
|
Born in Faenza |
(RA) |
on 13/03/1942 |
- Fiscal Code : BRNGPR42C13D458T |
|
|
|
Residence: |
|
Belvedere |
, SNC |
- 09010 |
Domus De Maria |
(CA) |
- IT - |
|
Ex-Postions |
|
Board Chairman |
|
Director |
|
|
Montanari |
Franco |
|
|
|
Born in Bologna |
(BO) |
on 30/04/1949 |
- Fiscal Code : MNTFNC49D30A944F |
|
|
|
Residence: |
|
San Donato |
, 71 |
- 40057 |
Granarolo dell'Emilia |
(BO) |
- IT - |
|
Ex-Postions |
|
Director |
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.
The firm operates with:
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
CASSA RISP. IN BOLOGNA SPA |
BOLOGNA - VIALE A.
MORO 60 - 60 A |
VIALE ALDO MORO, 60 - 60-A |
40100 |
Bologna |
6385 |
2461 |
Company's starting of activities dates back to 2005.
The analysis is based on the latest 3 balance sheets.
During the last years, net losses were registered; in 2011 r.o.e. is -23,89%. Losses are due to turnover decrease
registered over the last years.
The operating result in 2011 was positive (0,99%) and reflects the
field's average.
An operating result of Eur. 532.222 has been
registered. showing an upward trend more then 100% compared to the previous
financial year.
The G.O.M. amounted to Eur. 3.279.219 growing
by more then 100% if compared to the year before.
Financial condition is not balanced as own capitals do not cover debts,
indebtedness level is in fact high (10,29) which is rising compared to 2010.
The management generated equity capital for an amount of Eur. 3.991.596 , unchanged as opposed to the preceding
year.
During the last financial year debts totalled Eur. 43.311.898 (Eur. 1.017.543
of which were m/l term debts) on the same levels as the year before.
Both financial indebtedness as well as exsposure
to suplliers are rated as fairly high and higher than
sector's average.
Liquid assets are not adequatel to subject's
needs.
Accounts receivable average term is 77,64 days. , a value lower than the
sector's average.
The financial management generated a cash flow of Eur.
1.793.506.
Labour cost expenses amount to Eur.
12.252.567 , representing 19,63% on the total of production costs. and a 19,91%
incidence on sales volumes.
Finacial chareges are
high: the incidence on sales volume amounts to -1,7%
|
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
61.526.296 |
|
Profit (Loss) for the period |
-953.491 |
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
76.395.000 |
|
Profit (Loss) for the period |
-3.882.000 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
81.623.848 |
|
Profit (Loss) for the period |
-7.657.117 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
118.490.904 |
|
Profit (Loss) for the period |
-9.625.869 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
117.051.877 |
|
Profit (Loss) for the period |
-1.576.668 |
From our constant monitoring of the relevant Public Administration
offices, no more recent balance sheets result to have been filed.
|
- Balance Sheet as at 31/12/2011 - 12 Mesi -
Currency: - Amounts x 1 |
|
- Balance Sheet as at 31/12/2010 - 12 Mesi -
Currency: - Amounts x 1 |
|
- Balance Sheet as at 31/12/2009 - 12 Mesi -
Currency: - Amounts x 1 |
|
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|
|
RATIOS |
Value Type |
as at 31/12/2011 |
as at 31/12/2010 |
as at 31/12/2009 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,42 |
0,38 |
0,42 |
0,22 |
|
Elasticity Ratio |
Units |
0,58 |
0,62 |
0,57 |
0,76 |
|
Availability of stock |
Units |
0,14 |
0,17 |
0,22 |
0,19 |
|
Total Liquidity Ratio |
Units |
0,44 |
0,45 |
0,35 |
0,52 |
|
Quick Ratio |
Units |
0,02 |
0,02 |
0,02 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
10,29 |
10,25 |
18,73 |
2,39 |
|
Self Financing Ratio |
Units |
0,07 |
0,08 |
0,04 |
0,22 |
|
Capital protection Ratio |
Units |
0,49 |
1,18 |
3,19 |
0,65 |
|
Liabilities consolidation quotient |
Units |
0,09 |
0,09 |
0,15 |
0,23 |
|
Financing |
Units |
10,85 |
10,81 |
20,05 |
3,19 |
|
Permanent Indebtedness Ratio |
Units |
0,15 |
0,15 |
0,16 |
0,42 |
|
M/L term Debts Ratio |
Units |
0,07 |
0,07 |
0,12 |
0,13 |
|
Net Financial Indebtedness Ratio |
Units |
2,95 |
3,07 |
2,58 |
0,64 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
0,35 |
0,40 |
0,38 |
1,80 |
|
Current ratio |
Units |
0,73 |
0,77 |
0,70 |
1,30 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,55 |
0,56 |
0,43 |
0,92 |
|
Structure's primary quotient |
Units |
0,18 |
0,20 |
0,10 |
1,08 |
|
Treasury's primary quotient |
Units |
0,03 |
0,02 |
0,02 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
1342,00 |
1304,93 |
2328,47 |
456,81 |
|
Current Capital ( net ) |
Value |
-11.383.481 |
-11.596.000 |
-12.404.300 |
682.896 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
2,92 |
-1,21 |
-2,42 |
4,56 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-23,89 |
-79,78 |
-360,79 |
6,81 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-12,86 |
-61,39 |
-352,04 |
18,85 |
|
Return on Investment ( R.O.I. ) |
% |
0,99 |
-3,27 |
-13,45 |
5,41 |
|
Return/ Sales |
% |
0,87 |
-2,72 |
-8,14 |
4,75 |
|
Extra Management revenues/charges incid. |
% |
-179,15 |
n.c. |
n.c. |
35,79 |
|
Cash Flow |
Value |
1.793.506 |
-927.000 |
-1.975.718 |
237.257 |
|
Operating Profit |
Value |
532.222 |
-2.075.000 |
-6.644.395 |
228.892 |
|
Gross Operating Margin |
Value |
3.279.219 |
950.000 |
-961.236 |
406.634 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
77,64 |
86,09 |
43,66 |
118,40 |
|
Debts to suppliers average term |
Days |
201,87 |
174,54 |
165,92 |
128,10 |
|
Average stock waiting period |
Days |
44,35 |
50,74 |
48,34 |
54,07 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,15 |
1,20 |
1,65 |
1,13 |
|
Rate of stock return |
Units |
8,12 |
7,09 |
7,45 |
6,62 |
|
Labour cost incidence |
% |
19,91 |
17,24 |
17,72 |
18,32 |
|
Net financial revenues/ charges incidence |
% |
-1,70 |
-1,50 |
-0,91 |
-1,25 |
|
Labour cost on purchasing expenses |
% |
19,63 |
16,63 |
16,29 |
17,78 |
|
Short-term financing charges |
% |
2,42 |
2,21 |
2,46 |
3,03 |
|
Capital on hand |
% |
87,06 |
83,12 |
60,54 |
88,55 |
|
Sales pro employee |
Value |
194.703 |
228.727 |
180.584 |
190.738 |
|
Labour cost pro employee |
Value |
38.773 |
39.443 |
32.001 |
33.796 |
1) Protests checking (relative to the last five years) performed by
crossing and matching the members names and the Firm's Style with the reported
addresses, is supplied by the Informatic Registry
managed by the Italian Chamber of Commerce. If the fiscal code is not
indicated, the eventual homonymous cases are submitted to expert staff
evaluation in order to limit wrong matching risks.
2) The Legal Data, supplied and retrived from
the Firm's Registry of the Italian Chamber of Commerce, are in line with the
last registered modifications.
3) Risk evaluation and Credit Opinion have been performed on the base of
the actual data at the moment of their availability.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.16 |
|
|
1 |
Rs.88.03 |
|
Euro |
1 |
Rs.70.86 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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.