|
Report Date : |
14.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
BIANCO S.P.A. |
|
|
|
|
Registered Office : |
Viale Industria, 4 12051 – Alba (CN)
|
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
30.09.2011 |
|
|
|
|
Date of Incorporation : |
01.03.1999 |
|
|
|
|
Com. Reg. No.: |
CN-1999-10366 |
|
|
|
|
Legal Form : |
Joint Stock Company with Sole Shareholder |
|
|
|
|
Line of Business : |
Manufacture of textile
machinery, machinery and systems for auxiliary treatment of textiles, sewing
and weaving machines (including spare parts and accessories) |
|
|
|
|
No. of Employees : |
51 to 70 |
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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
ITALY - ECONOMIC OVERVIEW
Italy has a
diversified industrial economy, which is divided into a developed industrial
north, dominated by private companies, and a less-developed, welfare-dependent,
agricultural south, with high unemployment. The Italian economy is driven in
large part by the manufacture of high-quality consumer goods produced by small
and medium-sized enterprises, many of them family owned. Italy also has a
sizable underground economy, which by some estimates accounts for as much as
17% of GDP. These activities are most common within the agriculture,
construction, and service sectors. Italy is the third-largest economy in the
euro-zone, but exceptionally high public debt burdens and structural
impediments to growth have rendered it vulnerable to scrutiny by financial
markets. Public debt has increased steadily since 2007, reaching 120% of GDP in
2011, and borrowing costs on sovereign government debt have risen to record
levels. During the second half of 2011 the government passed a series of three
austerity packages to balance its budget by 2013 and decrease its public debt
burden. These measures included a hike in the value-added tax, pension reforms,
and cuts to public administration. The government also faces pressure from
investors and European partners to address Italy's long-standing structural
impediments to growth, such as an inflexible labor market and widespread tax
evasion. The international financial crisis worsened conditions in Italy''s
labor market, with unemployment rising from 6.2% in 2007 to 8.4% in 2011, but
in the longer-term Italy''s low fertility rate and quota-driven immigration
policies will increasingly strain its economy. The euro-zone crisis along with
Italian austerity measures have reduced exports and domestic demand, slowing
Italy''s recovery. Italy''s GDP is still 5% below its 2007 pre-crisis level.
Source
: CIA
Bianco S.p.A.
Viale Industria, 4
12051 – Alba (CN) -IT-
|
Fiscal Code |
: |
02683390047 |
|
Legal Form |
: |
Joint stock company with sole shareholder |
|
start of Activities |
: |
01/03/1999 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
15.500.000/18.000.000 |
|
Number of Employees |
: |
from 51 to 70 |
Manufacture of textile machinery, machinery
and systems for auxiliary treatment of textiles, sewing and weaving machines
(including spare parts and accessories)
Legal Form : Joint stock company with sole
shareholder
|
Fiscal Code : 02683390047 |
|
Chamber of Commerce no. : 228013 of since
22/02/1999 |
|
Firms' Register : CN-1999-10366 of since
01/03/1999 |
|
V.A.T. Code : 02683390047 |
|
Establishment date |
: 26/01/1999 |
|
|
Start of Activities |
: 01/03/1999 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 1.000.000 |
|
|
Subscribed Capital |
: 1.000.000 |
|
|
Paid up Capital |
: 1.000.000 |
|
|
|
Tcn S.r.l. |
|
|
|
|
|
|
: |
|
Industria |
, 5 |
- 12062 |
Cherasco |
(CN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
|
|
|
|
|
No Protests registered |
|
|
Bernocco |
Giuseppe |
|
|
|
Born in Bra |
(CN) |
on 23/09/1969 |
- Fiscal Code : BRNGPP69P23B111V |
|
|
|
Residence: |
|
Sant'iffredo |
, 3 |
- 12062 |
Cherasco |
(CN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
14/02/2011 |
|
|
|
Board Chairman |
14/02/2011 |
|
|
|
|
No Protests registered |
|
|
Borromeo |
Stefano |
|
|
|
Born in Torino |
(TO) |
on 16/08/1969 |
- Fiscal Code : BRRSFN69M16L219J |
|
|
|
Residence: |
|
Re Umberto |
, 55 |
- 10128 |
Torino |
(TO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
14/02/2011 |
|
|
|
Managing Director |
14/02/2011 |
|
|
|
|
No Protests registered |
|
|
Milanesio |
Marco |
|
|
|
Born in Bra |
(CN) |
on 03/08/1969 |
- Fiscal Code : MLNMRC69M03B111S |
|
|
|
Residence: |
|
Aldo Moro |
, 5 |
- 12030 |
Cavallermaggiore |
(CN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
04/04/2005 |
|
|
|
|
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 |
|
Tcn S.r.l. |
Cherasco - IT - |
02175810049 |
|
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 |
|
Eltex S.r.l. |
Alba - IT - |
01825050048 |
10.329 .Eur |
99,99 |
|
|
Active |
In order to carry out its activities the firm
uses the following locations:
|
- |
Legal and operative seat |
(Workshop) |
|
|
|
|
|
|
Industria |
, 4 |
- 12051 |
- Alba |
(CN) |
- IT - |
|
|
|
|
PHONE |
: 0173314111 |
|
|
|
|
FAX |
: 017334872 |
|
|
|
|
Website |
: www.bianco-spa.com |
|
|
|
|
Employees |
: 63 |
|
Fittings and Equipment for a value of
130.000 |
Eur |
|
Stocks for a value of 3.890.000 |
Eur |
|
|
EX-MEMBERS / EX-POSITIONS:
|
|
Brignolo |
Gian Paolo |
|
|
|
Born in Alba |
(CN) |
on 30/04/1961 |
- Fiscal Code : BRGGPL61D30A124M |
|
|
|
Residence: |
|
De Gasperi |
, 61 |
- 12040 |
Govone |
(CN) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Tibaldi |
Claudio |
|
|
|
Born in Bra |
(CN) |
on 21/02/1941 |
- Fiscal Code : TBLCLD41B21B111Q |
|
|
|
Residence: |
|
E. Brizio |
, 27/B |
- 12042 |
Bra |
(CN) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
Rebuffi |
Giovanni |
|
|
|
Born in Sommariva del Bosco |
(CN) |
on 27/02/1954 |
- Fiscal Code : RBFGNN54B27I822B |
|
|
|
Residence: |
|
Principi Di Piemonte |
, 4 |
- 12042 |
Bra |
(CN) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Rodo |
Maria Jose |
|
|
|
Born in Camerana |
(CN) |
on 30/11/1942 |
- Fiscal Code : RDOMJS42S70B467H |
|
|
|
Residence: |
|
Cauda |
, 110 |
- 12051 |
Alba |
(CN) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Stra |
Pierpaolo |
|
|
|
Born in Alba |
(CN) |
on 19/06/1963 |
- Fiscal Code : STRPPL63H19A124G |
|
|
|
Residence: |
|
Loc. Roccalini |
, 7 |
- 12050 |
Barbaresco |
(CN) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
Marchetti |
Emanuele |
|
|
|
Born in Cuneo |
(CN) |
on 13/04/1969 |
- Fiscal Code : MRCMNL69D13D205N |
|
|
|
Residence: |
|
Principi Di Piemonte |
, 4 |
- 12042 |
Bra |
(CN) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Lanzone |
Mariangela |
|
|
|
Born in Monticello d'Alba |
(CN) |
on 27/05/1960 |
- Fiscal Code : LNZMNG60E67F669Q |
|
|
|
Residence: |
|
Langhe |
, 69 |
- 12051 |
Alba |
(CN) |
- IT - |
|
Ex-Postions |
|
Director |
|
Board Chairman |
|
Sole Director |
|
|
Bellone |
Federico |
|
|
|
Born in Alba |
(CN) |
on 16/09/1967 |
- Fiscal Code : BLLFRC67P16A124E |
|
|
|
Residence: |
|
Sen. Cagnasso |
, 2 |
- 12051 |
Alba |
(CN) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Busca |
Sandra |
|
|
|
Born in Alba |
(CN) |
on 14/02/1961 |
- Fiscal Code : BSCSDR61B54A124C |
|
|
|
Residence: |
|
Guido Chiampo |
, 10 |
- 12051 |
Alba |
(CN) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Castellengo |
Carlo |
|
|
|
Born in Alba |
(CN) |
on 10/01/1941 |
- Fiscal Code : CSTCRL41A10A124E |
|
|
|
Residence: |
|
Altavilla |
, 30 |
- 12051 |
Alba |
(CN) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Messa |
Giuseppe |
|
|
|
Born in Pocapaglia |
(CN) |
on 15/02/1948 |
- Fiscal Code : MSSGPP48B15G742F |
|
|
|
Residence: |
|
Umberto I |
, 64/A |
- 12042 |
Bra |
(CN) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Tintero |
Giorgio |
|
|
|
Born in Mango |
(CN) |
on 12/11/1952 |
- Fiscal Code : TNTGRG52S12E887M |
|
|
|
Residence: |
|
Cavourrina |
, 8/D |
- 12060 |
Grinzane Cavour |
(CN) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Lanzetti |
Gianfranco |
|
|
|
Born in Pocapaglia |
(CN) |
on 31/05/1948 |
- Fiscal Code : LNZGFR48E31G742H |
|
|
|
Residence: |
|
Borgo San Martino |
, 6 |
- 12042 |
Bra |
(CN) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Costa |
Rinaldo |
|
|
|
Born in Castino |
(CN) |
on 03/05/1949 |
- Fiscal Code : CSTRLD49E03C323J |
|
|
|
Residence: |
|
San Cassiano |
, 13 |
- 12051 |
Alba |
(CN) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Muller |
Manfred |
|
|
|
Born in Buchholtz |
( ) |
on 17/06/1947 |
- Fiscal Code : MLLMFR47H17Z112B |
|
|
|
Residence: |
|
Cottolengo |
, 35 |
- 12040 |
Corneliano d'Alba |
(CN) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Bernocco |
Giuseppe |
|
|
|
Born in Bra |
(CN) |
on 23/09/1969 |
- Fiscal Code : BRNGPP69P23B111V |
|
|
|
Residence: |
|
Sant'iffredo |
, 3 |
- 12062 |
Cherasco |
(CN) |
- IT - |
|
Ex-Postions |
|
Sole Director |
|
|
Tibaldi |
Bruno |
|
|
|
Born in Bra |
(CN) |
on 10/09/1966 |
- Fiscal Code : TBLBRN66P10B111R |
|
|
|
Residence: |
|
Vittorio Emanuele Ii^ |
, 321 |
- 12042 |
Bra |
(CN) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Costa |
Massimo |
|
|
|
Born in Alba |
(CN) |
on 07/04/1969 |
- Fiscal Code : CSTMSM69D07A124C |
|
|
|
Residence: |
|
Toetto |
, 31 |
- 12060 |
Roddi |
(CN) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Porello |
Luciana |
|
|
|
Born in Alba |
(CN) |
on 02/02/1973 |
- Fiscal Code : PRLLCN73B42A124P |
|
|
|
Residence: |
|
Scaparoni |
, 11 |
- 12051 |
Alba |
(CN) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of merging by taking over of |
|
|
|
Eltex S.r.l. |
|
|
|
|
Industria |
, 12051 |
, Alba |
(CN) |
- IT - |
|
|
|
Fiscal Code: 01825050048 |
|
|
|
Date |
Merging/splitting-up project: |
08/10/1999 |
|
|
The firm absorbed by merging of |
|
|
|
Eltex S.r.l. |
|
|
|
|
Industria |
, 12051 |
, Alba |
(CN) |
- IT - |
|
|
|
Fiscal Code: 01825050048 |
|
|
|
Date |
: |
23/12/1999 |
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 1999
The economic-financial analysis has been made
on the base of the b/s of the latests three years.
During the last years, it achieved profits
(r.o.e. 17,1% on 2011) with a remarkable upward trend (+10,1% on 2011 compared
to 2010 and +69,04% on 2010 compared to 2009).
The operating result was positive in the last
financial year (5,19%) and in line with the sector's average.
The amount of the operating result for the
year 2011 is of Eur. 610.079 , with no sizeable change as opposed to the year
before.
A gross operating margine for a value of Eur.
1.010.012 was reached. ,with no change if compared to the year before.
The analysis shows a fair financial position
as the indebtedness volume is acceptable (1,6) and decreasing as against 2010.
It's shareholders funds amount to Eur.
2.532.648 with a growth of 20,62% in 2011.
Total debts recorded amounted to Eur.
7.390.277 (Eur. 1.426.422 of which were m/l term debts) with no important
change.
The recourse to financial credit is within
the limits; on the other hand the recourse to suppliers' credit is rated as
fairly high even in comparison with the sector's.
Liquid assets are good.
Accounts receivable average term is high
(99,82 days). within the average values of the sector.
During financial year 2011 the cash flow amounted
to Eur. 806.394
Subordinate employment cost is of Eur.
3.157.340, i.e. 20,9% on total production costs. , whereas the incidence of
such costs on sales revenues is equal to 20,24%.
Financial charges have a limited incidence
(-0,25%) on sales volume.
|
|
|
Complete balance-sheet for the year |
30/09/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
15.600.197 |
|
Profit (Loss) for the period |
433.041 |
|
|
|
Complete balance-sheet for the year |
30/09/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
14.168.033 |
|
Profit (Loss) for the period |
713.969 |
|
|
|
Complete balance-sheet for the year |
30/09/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
8.381.359 |
|
Profit (Loss) for the period |
381.299 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
15.795.624 |
|
Profit (Loss) for the period |
-1.819.901 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
21.186.899 |
|
Profit (Loss) for the period |
-1.785.634 |
From our constant monitoring of the relevant
Public Administration offices, no more recent balance sheets result to have
been filed.
|
- Balance Sheet as at 30/09/2011 - 12 Mesi
- Currency: - Amounts x 1 |
|
- Balance Sheet as at 30/09/2010 - 12 Mesi
- Currency: - Amounts x 1 |
|
- Balance Sheet as at 30/09/2009 - 12 Mesi
- Currency: - Amounts x 1 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
RATIOS |
Value Type |
as at 30/09/2011 |
as at 30/09/2010 |
as at 30/09/2009 |
Sector Average |
|
COMPOSITION ON INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,05 |
0,07 |
0,12 |
0,18 |
|
Elasticity Ratio |
Units |
0,94 |
0,92 |
0,87 |
0,80 |
|
Availability of stock |
Units |
0,33 |
0,35 |
0,34 |
0,24 |
|
Total Liquidity Ratio |
Units |
0,61 |
0,57 |
0,53 |
0,48 |
|
Quick Ratio |
Units |
0,16 |
0,09 |
0,07 |
0,03 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
1,60 |
2,19 |
2,92 |
3,25 |
|
Self Financing Ratio |
Units |
0,22 |
0,18 |
0,14 |
0,19 |
|
Capital protection Ratio |
Units |
0,43 |
0,18 |
0,00 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,37 |
0,48 |
0,67 |
0,19 |
|
Financing |
Units |
2,92 |
3,60 |
4,98 |
3,80 |
|
Permanent Indebtedness Ratio |
Units |
0,40 |
0,42 |
0,45 |
0,36 |
|
M/L term Debts Ratio |
Units |
0,19 |
0,24 |
0,31 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,36 |
1,22 |
0,63 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
8,08 |
5,70 |
3,88 |
1,75 |
|
Current ratio |
Units |
1,85 |
1,85 |
1,88 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,20 |
1,15 |
1,14 |
0,81 |
|
Structure's primary quotient |
Units |
4,31 |
2,48 |
1,18 |
1,03 |
|
Treasury's primary quotient |
Units |
0,32 |
0,19 |
0,14 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
464,32 |
545,60 |
729,70 |
516,42 |
|
Current Capital ( net ) |
Value |
5.051.520 |
4.834.840 |
4.125.054 |
422.465 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
5,17 |
8,27 |
7,26 |
3,35 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
17,10 |
34,00 |
27,52 |
5,13 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
23,19 |
39,15 |
30,40 |
14,77 |
|
Return on Investment ( R.O.I. ) |
% |
5,19 |
6,03 |
0,69 |
4,16 |
|
Return/ Sales |
% |
3,91 |
4,87 |
0,83 |
4,11 |
|
Extra Management revenues/charges incid. |
% |
70,98 |
103,44 |
546,67 |
28,57 |
|
Cash Flow |
Value |
806.394 |
1.171.738 |
608.132 |
122.482 |
|
Operating Profit |
Value |
610.079 |
690.196 |
69.750 |
144.752 |
|
Gross Operating Margin |
Value |
1.010.012 |
1.194.465 |
297.638 |
241.990 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
99,82 |
110,49 |
157,75 |
111,85 |
|
Debts to suppliers average term |
Days |
160,44 |
168,68 |
261,49 |
128,30 |
|
Average stock waiting period |
Days |
89,71 |
100,69 |
148,06 |
80,43 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,33 |
1,24 |
0,83 |
1,08 |
|
Rate of stock return |
Units |
4,01 |
3,58 |
2,43 |
4,45 |
|
Labour cost incidence |
% |
20,24 |
20,42 |
23,74 |
19,12 |
|
Net financial revenues/ charges incidence |
% |
-0,25 |
-0,35 |
-1,31 |
-1,08 |
|
Labour cost on purchasing expenses |
% |
20,90 |
20,59 |
24,26 |
19,02 |
|
Short-term financing charges |
% |
0,69 |
0,70 |
1,65 |
2,68 |
|
Capital on hand |
% |
75,38 |
80,85 |
120,64 |
91,91 |
|
Sales pro employee |
Value |
264.410 |
240.136 |
130.958 |
198.432 |
|
Labour cost pro employee |
Value |
53.514 |
49.039 |
31.086 |
35.779 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.85 |
|
|
1 |
Rs.84.42 |
|
Euro |
1 |
Rs.72.40 |
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.