|
Report Date : |
22.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
RISATEL-SOCIEDADE COMERCIAL DE FIOS TEXTEIS LDA |
|
|
|
|
Registered Office : |
Rua do Vilar, 675 Guimaraes 4835-256-Guimaraes, Braga |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
21.11.1997 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale trade of textiles |
|
|
|
|
No. of Employees : |
24 |
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 |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Portugal |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
portugal - ECONOMIC OVERVIEW
Portugal has become a diversified and increasingly service-based economy since joining the European Community - the EU's predecessor - in 1986. Over the past two decades, successive governments have privatized many state-controlled firms and liberalized key areas of the economy, including the financial and telecommunications sectors. The country qualified for the Economic and Monetary Union (EMU) in 1998 and began circulating the euro on 1 January 2002 along with 11 other EU members. The economy had grown by more than the EU average for much of the 1990s, but fell back in 2001-08, and contracted 2.5% in 2009, before growing 1.3% in 2010. But GDP fell again in 2011, as the government implemented austerity measures, including a 5% public salary cut, a 2% increase in the value-added tax, and an extraordinary tax on yearend bonuses to comply with conditions of an EU-IMF financial rescue package agreed to in May 2011. GDP per capita stands at roughly two-thirds of the EU-27 average. A rigid labor market has been an obstacle to greater productivity and growth. Portugal also has been increasingly overshadowed by lower-cost producers in Central Europe and Asia as a destination for foreign direct investment. Portugal's low competitiveness, low growth prospects, and high levels of public debt have made it vulnerable to bond market turbulence. The government reduced the budget deficit from 10.1% of GDP in 2009 to 4.5% in 2011, an achievement made possible only by the extraordinary revenues obtained from the one-time transfer of bank pension funds to the social security system. Investors, however, continue to express concern about the government's ability to achieve future budget deficit targets and obtain foreign financing to cover its sovereign debt obligations when the EU-IMF financing program expires in 2013. Without the option for stimulus measures, the government is focusing instead on boosting exports and implementing labor market and other structural reforms to try to raise GDP growth and increase Portugal's competitiveness - which, over time, may help mitigate investor concerns.
|
Source : CIA |
|
Name |
RISATEL-SOCIEDADE COMERCIAL DE FIOS TEXTEIS LDA |
|
V.A.T. Number / NIF |
504024477 |
|
Address |
Rua do Vilar, 675 |
|
Locality |
Guimaraes |
|
Postal Code |
4835-256-GUIMARAES |
|
Municipality |
GUIMARAES |
|
District |
BRAGA |
|
Telephone |
253520730 |
|
Fax |
253520739 |
|
E-Mail |
risatel@risatel.com |
|
Web Site |
www.risatel.com |
|
|
|
|
C.A.E.(Rev 3) |
46410- Wholesale trade of textiles |
|
Legal Form |
Private Limited Company |
|
Constitution |
21-11-1997 |
|
V.A.T. Number / NIF |
504024477 |
|
Employees |
24 |
|
Capital |
3.000.000,00 |
|
Sales in : 31-12-2011 |
24.265.453,37 |
|
Shareholders Funds in: 31-12-2011 |
4.593.609,59 |
|
Credit Risk Level |
Low Credit Risk |
|
Payments |
Good |
|
Rating |
E2 |
|
Actual Condition |
In activity |
|
|
31-12-2009 |
|
31-12-2010 |
|
31-12-2011 |
|
Net Sales |
29.228.479,49 |
|
34.352.998,55 |
|
24.265.453,37 |
|
Net Income For the Year |
394.800,01 |
|
666.764,68 |
|
219.067,51 |
|
Shareholders Funds |
3.723.859,53 |
|
4.374.542,08 |
|
4.593.609,59 |
|
Stocks |
4.892.721,54 |
|
4.767.356,22 |
|
7.075.587,39 |
|
LIABILITY |
17.850.949,28 |
|
17.441.058,96 |
|
12.729.715,84 |
|
ASSETS |
21.574.808,81 |
|
21.815.601,04 |
|
17.323.325,43 |
Consulted sources say that the subject has been respecting its payments
and commercial commitments, so credit connections with this company are
recommended.
All the amounts are express in Euros, otherwise you will be advised
|
VITOR VALDEMAR TEIXEIRA RIBEIRO |
Managing-Partner |
|
MARIA ALEXANDRA PINHEIRO JORDAO SANTOALHA |
Managing-Partner |
|
Registed on the Register Record Office of Guimaraes with the Register
Number 504024477 previous number 5738 in 21-11-1997 |
|
Constitution celebrated in 21-11-1997 published on Diário da República
number 18 of 22-01-1998 |
|
To oblige the company it is necessary 1 signatures |
Changes to Society
|
In 25-01-2010 on Portal MJ of 26-01-2010 increase of capital Clique
para ver detalhes
|
|
|
In 31-01-2001 on Diário da República number 60 of 12-03-2001 increase
of capital Clique para ver detalhes
|
|
The Capital is 3.000.000,00 |
|
with the following distribution
|
VITOR VALDEMAR TEIXEIRA RIBEIRO |
1.500.000,00 |
50% |
|
MARIA ALEXANDRA PINHEIRO JORDAO SANTOALHA |
1.500.000,00 |
50% |
|
Name |
VITOR VALDEMAR TEIXEIRA RIBEIRO |
|
Funtion |
Managing-Partner |
|
Address |
Rua Dr.José Sampaio, 761 |
|
Locality |
Guimaraes |
|
Naturality |
Costa-Guimarăes |
|
Civil State |
Married |
|
Consort |
Lúcia de Fátima de Freitas Ribeiro |
|
Professional Connections |
The subject has connections with the following company (ies) |
|
|
RISAFO-COMERCIO E INVESTIMENTOS SA as Board of Director's President . |
|
|
MULTIFIBRAS-COMERCIO E IMPORTACAO DE FIOS LDA as Managing-Partner with
a participation of 49.879,79 , in a capital of 99.759,58 . |
|
|
FIBRATEL-COMERCIO DE TEXTEIS LDA as Managing-Partner with a
participation of 25.000,00 , in a capital of 50.000,00 . |
|
|
VIMARDOMUS-INVESTIMENTOS IMOBILIARIOS SA as Administrator . |
|
|
LETASIR-IMOBILIARIA LDA as Partner with a participation of 100.000,00
, in a capital of 200.000,00 . |
|
|
|
|
Name |
MARIA ALEXANDRA PINHEIRO JORDAO SANTOALHA |
|
Funtion |
Managing-Partner |
|
Address |
Avenida de Londres, Bloco 4 - 5.º Esq. |
|
Locality |
Guimaraes |
|
Civil State |
Married |
|
Consort |
Joăo Nuno da Cunha Guimarăes Santoalha |
|
Professional Connections |
The subject has connections with the following company (ies) |
|
|
LETASIR-IMOBILIARIA LDA as Manager . |
|
Line of Business |
Percentage |
|
Wholesale of textiles (yarn) |
100% |
|
Type of Clients |
Industries/Private Companies |
|
|
|
Sales Conditions |
Credit |
|
|
|
Imports from |
INDIA,PAQUISTĂO |
|
|
|
Exports to |
ALEMANHA,BELGICA,BRASIL,DINAMARCA,ESPANHA,FINLANDIA,FRANÇA,HOLANDA,IRLANDA,LUXEMBURGO,REINO
UNIDO,SUIÇA,SUECIA |
|
|
|
BANIF - BANCO INTERNACIONAL DO FUNCHAL, SA |
Centro de Empresas de Guimarăes |
|
BPN - BANCO PORTUGUES DE NEGOCIOS, SA |
Centro de Empresas de Guimarăes |
|
CAIXA GERAL DE DEPOSITOS, SA |
Guimarăes |
|
BARCLAYS BANK, PLC |
Guimarăes |
There are no of incidents on our database
|
Total |
24 |
|
|
|
|
|
|
Companhia Seguros Allianz Portugal SA
Head office and office Rua do Vilar, 675, Guimaraes, 4835-256,
GUIMARAES, Tel:253520730, Fax:253520739
Had head office Avenida D. Afonso Henriques, 228, Urgezes, 4810,
GUIMARAES
|
Balance Sheet SNC |
||
|
CoinEURO |
|
Date31-12-2011 |
|
|
||
|
Closing Date |
31-12-2011 |
31-12-2010 |
31-12-2009 |
Variaçăo (%) |
|
ASSET |
|
|||
|
|
|
|
|
|
|
Non-current assets |
|
|||
|
Tangible fixed assets |
1.527.796,08 |
1.616.373,27 |
550.991,39 |
(5,48) |
|
Other financial assets |
|
86.317,12 |
200.000,00 |
|
|
Total |
1.527.796,08 |
1.702.690,39 |
750.991,39 |
(10,27) |
|
|
|
|
|
|
|
Current assets |
|
|
||
|
Inventories |
7.075.587,39 |
4.767.356,22 |
4.892.721,54 |
48,42 |
|
Costumers |
7.665.941,80 |
12.678.482,13 |
13.288.548,89 |
(39,54) |
|
Advances to suppliers |
368.181,61 |
809.728,00 |
277.344,23 |
(54,53) |
|
State and other public entities |
461.948,18 |
621.936,59 |
|
(25,72) |
|
Other accounts receivable |
11.729,39 |
389.403,62 |
1.614.290,26 |
(96,99) |
|
Deferrals |
19.163,71 |
19.347,15 |
28.351,70 |
(0,95) |
|
Financial assets held for trading |
38.868,99 |
38.750,55 |
39.496,42 |
0,31 |
|
Cashier and bank deposits |
154.108,28 |
787.906,39 |
683.064,38 |
(80,44) |
|
Total |
15.795.529,35 |
20.112.910,65 |
20.823.817,42 |
(21,47) |
|
TOTAL ASSET |
17.323.325,43 |
21.815.601,04 |
21.574.808,81 |
(20,59) |
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS AND LIABILITIES |
|
|
||
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|
||
|
Capital |
3.000.000,00 |
3.000.000,00 |
3.000.000,00 |
|
|
Legal reserves |
600.000,00 |
306.351,90 |
286.611,90 |
95,85 |
|
Other reserves |
774.542,08 |
417.507,64 |
255.312,70 |
85,52 |
|
Net retained |
|
(16.082,14) |
(212.865,08) |
|
|
Total |
4.374.542,08 |
3.707.777,40 |
3.329.059,52 |
17,98 |
|
Net income for the period |
219.067,51 |
666.764,68 |
394.800,01 |
(67,14) |
|
TOTAL OF SHAREHOLDERS FUNDS |
4.593.609,59 |
4.374.542,08 |
3.723.859,53 |
5,01 |
|
|
|
|
|
|
|
LIABILITY |
|
|
||
|
|
|
|
|
|
|
Non-current liiabilities |
|
|
||
|
Financing obtained |
542.926,97 |
850.468,82 |
1.457.185,53 |
(36,16) |
|
Total |
542.926,97 |
850.468,82 |
1.457.185,53 |
(36,16) |
|
|
|
|
|
|
|
Current liabilities |
|
|
||
|
Suppliers |
1.655.353,66 |
1.985.570,42 |
2.452.925,39 |
(16,63) |
|
Advances from costumers |
|
|
570.000,00 |
|
|
State and other public entities |
14.171,06 |
165.577,75 |
448.192,90 |
(91,44) |
|
Financing obtained |
10.362.653,73 |
14.181.942,83 |
12.530.964,55 |
(26,93) |
|
Other payable accounts |
154.610,42 |
257.499,14 |
391.680,91 |
(39,96) |
|
Total |
12.186.788,87 |
16.590.590,14 |
16.393.763,75 |
(26,54) |
|
TOTAL LIABILITIES |
12.729.715,84 |
17.441.058,96 |
17.850.949,28 |
(27,01) |
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
17.323.325,43 |
21.815.601,04 |
21.574.808,81 |
(20,59) |
|
|
|
|
|
|
|
INCOME STATEMENT |
|
|
||
|
|
|
|
|
|
|
INCOME AND EXPENSES |
|
|
||
|
Sales and services |
24.265.453,37 |
34.352.998,55 |
29.228.479,49 |
(29,36) |
|
Variation in production inventories |
27.284,22 |
47.986,75 |
14.367,55 |
(43,14) |
|
Cost of goods sold and materials consumed |
21.138.195,46 |
30.898.019,64 |
25.891.597,41 |
(31,59) |
|
Suppliers and external services |
1.236.605,71 |
1.337.863,01 |
1.604.353,46 |
(7,57) |
|
Personnel costs |
478.276,62 |
557.781,05 |
371.604,12 |
(14,25) |
|
Impairment of receivables (losses/revearsals) |
9.553,31 |
32.126,78 |
154.227,37 |
(70,26) |
|
Other income and gains |
532.164,87 |
937.869,38 |
784.766,15 |
(43,26) |
|
Other expenses and losses |
886.965,55 |
1.187.913,65 |
305.019,90 |
(25,33) |
|
Result before depreciation, financing costs and taxes |
1.075.305,81 |
1.325.150,55 |
1.700.810,93 |
(18,85) |
|
Expenses/reversals of depreciation and amortization |
123.574,36 |
152.642,76 |
157.575,82 |
(19,04) |
|
Operating result (before financing costs and taxes) |
951.731,45 |
1.172.507,79 |
1.543.235,11 |
(18,83) |
|
interest and similar expenses incurred |
628.691,85 |
226.318,05 |
962.173,32 |
177,79 |
|
Net before taxes |
323.039,60 |
946.189,74 |
581.061,79 |
(65,86) |
|
Income tax of the period |
103.972,09 |
279.425,06 |
186.261,78 |
(62,79) |
|
Net profit for the period |
219.067,51 |
666.764,68 |
394.800,01 |
(67,14) |
|
Closing Date |
31-12-2011 |
31-12-2010 |
31-12-2009 |
|
|
|
|
|||
|
TURNOVER RATIOS |
|
|||
|
Shareholder's Funds Profitability |
0,048 |
0,152 |
0,106 |
|
|
Assets Profitability |
0,055 |
0,054 |
0,072 |
|
|
Sales Net Profitability |
0,009 |
0,019 |
0,014 |
|
|
|
|
|
|
|
|
EFFICIENCY RATIOS |
|
|
||
|
Medium Term Receivable |
115,31 |
134,708 |
165,945 |
|
|
Asset Rotation |
1,401 |
1,575 |
1,355 |
|
|
|
|
|
|
|
|
PRODUCTIVITY RATIOS |
|
|
||
|
Productivity |
6,539 |
6,194 |
8,98 |
|
|
|
|
|
|
|
|
SHORT TERM RATIOS |
|
|
||
|
General Liquidity |
1,296 |
1,212 |
1,27 |
|
|
Reduced Liquidity |
0,716 |
0,925 |
0,972 |
|
|
Immediate Liquidity |
0,013 |
0,047 |
0,042 |
|
|
|
|
|
|
|
|
MEDIUM LONG TERM RATIOS |
|
|
||
|
Financial Autonomy |
0,265 |
0,201 |
0,173 |
|
|
Solvability |
0,361 |
0,251 |
0,209 |
|
|
Borrowed Capital Structure |
0,957 |
0,951 |
0,918 |
|
|
General Debt |
2,374 |
3,436 |
3,756 |
|
|
Medium Long Term Debt |
0,118 |
0,194 |
0,391 |
|
|
Debt Structure |
0,957 |
0,951 |
0,918 |
|
|
Capital Structure |
8,461 |
5,144 |
2,556 |
|
|
|
|
|
|
|
|
Operational and Financial Risk |
|
|
||
|
Operational Leverage Level |
3,286 |
2,947 |
2,162 |
|
|
Financial Leverage Level |
2,946 |
1,239 |
2,656 |
|
|
Combined Leverage Level |
9,681 |
3,651 |
5,742 |
|
|
|
31-12-2009 |
|
|
Tangible Assets |
550.992,00 |
|
|
Investments |
200.000,00 |
|
|
Stocks |
4.892.722,00 |
|
|
Medium and Long Term Receivable |
86.317,00 |
|
|
Short Term Receivable |
5.829.486,00 |
|
|
Trading Securities |
395.496,00 |
|
|
Banks and Cash |
327.064,00 |
|
|
Accruals and Deferrals |
28.352,00 |
|
|
Total Assets |
12.310.429,00 |
|
|
Shareholder's Funds |
3.723.860,00 |
|
|
Medium and Long Term Payable |
1.457.186,00 |
|
|
Short Term Payable |
7.085.136,00 |
|
|
Accruals and Deferrals |
44.247,00 |
|
|
Total Liabilities and Shareholder's Funds |
12.310.429,00 |
|
|
Cost of Goods and Consumable Materials |
25.891.597,00 |
|
|
Outside Supplies and Services |
1.434.916,00 |
|
|
Personnel Costs |
371.604,00 |
|
|
Sales |
29.228.480,00 |
|
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
Net Sales |
25.028.827,00 |
25.951.739,00 |
29.228.480,00 |
|
Net Income For the Year |
87.567,00 |
100.009,00 |
394.800,00 |
|
Current Assets |
8.592.822,00 |
10.789.388,00 |
11.473.120,00 |
|
Short Term Payables |
6.629.640,00 |
8.696.901,00 |
7.085.136,00 |
|
Cash Flow |
1.963.182,00 |
2.092.487,00 |
4.387.984,00 |
|
Total Assets |
9.403.115,00 |
11.741.363,00 |
12.310.429,00 |
|
Total Liabilities |
6.661.920,00 |
8.900.160,00 |
8.586.569,00 |
|
Shareholders Funds |
2.741.195,00 |
2.841.203,00 |
3.723.860,00 |
|
Personnel Costs |
240.912,00 |
320.969,00 |
371.604,00 |
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
FINANCIAL SITUATION |
|
|
|
|
General Liquidity |
1,30 |
1,24 |
1,62 |
|
Immediate Liquidity |
0,71 |
0,64 |
0,93 |
|
Financial Autonomy |
0,29 |
0,24 |
0,30 |
|
Solvency |
0,41 |
0,32 |
0,43 |
|
RENTABILITY |
|
|
|
|
Sales Rentability |
0,35
% |
0,39
% |
1,35
% |
|
Sales Rate Increase |
|
3,69
% |
12,63
% |
|
EFFICIÊNCY |
|
|
|
|
Assets Turnover |
2,66 |
2,21 |
2,37 |
|
Balance Sheet |
||
|
CoinEURO |
|
Date31-12-2009 |
|
|
||
|
|
Gross Assets |
Depreciations / Provisions |
Net Assets |
|
Tangible Assets |
|
Subtotal |
1.508.038,00 |
957.046,00 |
550.992,00 |
|
Financial Investments |
|
Subtotal |
200.000,00 |
|
200.000,00 |
|
Stocks |
|
Subtotal |
4.892.722,00 |
|
4.892.722,00 |
|
Medium and Long Term Receivable |
|
Subtotal |
688.557,00 |
(602.240,00) |
86.317,00 |
|
Short Term Receivable |
|
Subtotal |
5.829.486,00 |
|
5.829.486,00 |
|
Trading Securities |
|
Subtotal |
395.496,00 |
|
395.496,00 |
|
Bank Deposits and Cash |
|
Cash |
5.281,00 |
|
5.281,00 |
|
Bank Deposites |
321.783,00 |
|
321.783,00 |
|
Subtotal |
327.064,00 |
|
327.064,00 |
|
Accruals and Deferrals |
|
Deferred Cost |
28.352,00 |
|
28.352,00 |
|
Subtotal |
28.352,00 |
|
28.352,00 |
|
|
|
Total Assets |
13.869.715,00 |
1.559.286,00 |
12.310.429,00 |
|
Shareholders Funds and Liabilities |
|
Shareholders Funds |
|
Capital |
3.000.000,00 |
|
|
Treasury Stock: |
|
|
|
Reserves : |
|
|
|
Free |
541.925,00 |
|
|
Net Retained |
(212.865,00) |
|
|
Net Income For the Year |
394.800,00 |
|
|
Total |
3.723.860,00 |
|
|
Short Term Payable |
|
Bank Loans |
3.060.228,00 |
|
|
Advance For Clients |
570.000,00 |
|
|
Supliers Fixed Asset |
93.358,00 |
|
|
State and Other Public Bodies |
531.069,00 |
|
|
Other Creditors |
347.469,00 |
|
|
Trade Creditors |
2.452.925,00 |
|
|
Shareholders |
30.086,00 |
|
|
Subtotal |
7.085.136,00 |
|
|
Medium and Long Term Payable |
|
Bank Loans |
1.379.201,00 |
|
|
Adv. For Clients |
77.984,00 |
|
|
Subtotal |
1.457.186,00 |
|
|
Accruals and Deferrals |
|
Accrued Charges |
44.247,00 |
|
|
Subtotal |
44.247,00 |
|
|
TOTAL LIABILITIES |
8.586.569,00 |
|
|
TOTAL LIABILITIES AND SHAREHOLDERS FUNDS |
12.310.429,00 |
|
|
Income Statement |
|
Costs and Losses |
|
Cost of Materials Consumed and Goods Sold: |
|
|
|
Subtotal |
25.891.597,00 |
|
|
Outside Supplies and Services |
1.434.916,00 |
|
|
Personnel Costs |
|
|
|
Subtotal |
371.604,00 |
|
|
Depreciation |
157.576,00 |
|
|
Provisions |
154.227,00 |
|
|
Subtotal |
311.803,00 |
|
|
Other Operating Costs |
103.231,00 |
|
|
Int. and Similar Costs: |
|
|
|
Subtotal |
1.222.115,00 |
|
|
Ext. Costs and Losses |
111.285,00 |
|
|
Taxation Over Income |
186.262,00 |
|
|
Net Income For the Year |
394.800,00 |
|
|
Income and Profits |
|
Sales of : |
|
|
|
Products |
29.221.887,00 |
|
|
Services Provided |
6.593,00 |
|
|
Subtotal |
29.228.480,00 |
|
|
Variation in Production |
14.368,00 |
|
|
Trading Securities Income |
|
|
|
Int. and Similar Costs |
|
|
|
Other |
710.034,00 |
|
|
Extra Income and Gains |
74.732,00 |
|
|
Net Income For the Year |
394.800,00 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.03 |
|
UK Pound |
1 |
Rs.82.43 |
|
Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.