MIRA INFORM REPORT
|
Report Date : |
16.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
LORIS BELLINI S.P.A. |
|
|
|
|
Registered Office : |
Via Undici Febbraio, 26 ,20021- Bollate (MI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
01.01.1949 |
|
|
|
|
Com. Reg. No.: |
MI146-69032 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
Manufacture of machinery for textile,
apparel and leather industries (including spare parts and accessories) |
|
|
|
|
No. of Employees : |
from 16 to 25 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Usually correct |
|
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) |
|
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 |
Company name & address
LORIS BELLINI
S.P.A.
Via Undici Febbraio, 26
20021 - Bollate (MI) -IT-
Summary
|
Fiscal Code |
: |
00695610154 |
|
Legal Form |
: |
Joint stock company |
|
Foundation Date |
: |
01/01/1949 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
7.750.000/9.000.000 |
|
Number of Employees |
: |
from 16 to 25 |
|
Firm's Status |
: |
Merged |
Activity
Manufacture of machinery for textile,
apparel and leather industries
(including spare parts and accessories)
Legal Data
Legal Form : Joint stock company
|
Fiscal Code : 00695610154 |
|
Foreign Trade Reg. no. : MI089512 since
08/01/1992 |
|
Foreign Trade Reg. no. : 89512 of since
08/01/1992 |
|
Chamber of Commerce no. : 390505 of since
12/12/1949 |
|
Chamber of Commerce no. : 158881 of |
|
Firms' Register : MI146-69032 of since
19/02/1996 |
|
V.A.T. Code : 00695610154 |
|
Tribunal Co. Register : 69032 of |
|
Foundation date |
: 01/01/1949 |
|
|
Establishment date |
: 17/11/1949 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 1.868.400 |
|
|
Subscribed Capital |
: 1.868.400 |
|
|
Paid up Capital |
: 1.868.400 |
|
Members
|
|
Bellini |
Roberto |
|
|
|
Born in Bollate |
(MI) |
on 19/10/1952 |
- Fiscal Code : BLLRRT52R19A940A |
|
|
|
Residence: |
|
Leopardi |
, 30 |
- 20021 |
Bollate |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
26/05/2010 |
|
|
|
Director |
07/06/2007 |
|
|
|
Managing Director |
07/06/2010 |
|
|
|
|
No
Prejudicial events are reported |
|
|
No Protests
registered |
|
|
Formentini |
Luca |
|
|
|
Born in Bollate |
(MI) |
on 30/07/1979 |
- Fiscal Code : FRMLCU79L30A940O |
|
|
|
Residence: |
|
Leopardi |
, 18 |
- 20021 |
Bollate |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
26/05/2010 |
|
|
|
Managing Director |
07/06/2010 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Vecchia |
Gianmarco |
|
|
|
Born in Asola |
(MN) |
on 20/01/1968 |
- Fiscal Code : VCCGMR68A20A470Y |
|
|
|
Residence: |
|
Pasubio |
, 14 |
- 46041 |
Asola |
(MN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
10/12/2004 |
|
|
|
|
No
Prejudicial events are reported |
|
|
No Protests
registered |
|
|
Bellini |
Davide Maria |
|
|
|
Born in Milano |
(MI) |
on 12/11/1972 |
- Fiscal Code : BLLDDM72S12F205T |
|
|
|
Residence: |
|
Prealpi |
, 44 |
- 21047 |
Saronno |
(VA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
26/05/2010 |
|
|
|
|
No Protests
registered |
|
|
Vitale |
Lorenzo
Benedetto |
|
|
|
Born in Genova |
(GE) |
on 20/04/1939 |
- Fiscal Code : VTLLNZ39D20D969K |
|
|
|
Residence: |
|
Mario Pagano |
, 51 |
- 20145 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
26/05/2010 |
|
|
|
Managing Director |
07/06/2010 |
|
|
|
|
No
Prejudicial events are reported |
|
|
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.
|
|
Bellini |
Roberto |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Citac s.r.l. ex Loris Bellini S.r.l. |
Casalromano (MN) - IT - |
00208060202 |
Director |
Active |
Registered |
|
IMMOBILIARE AZZURRA SRL |
Milano (MI) - IT - |
10180390154 |
Director |
Withdrawn |
Registered |
|
Dyecontrol By Loris Bellini E Zaitex
S.r.l. |
Milano (MI) - IT - |
03954810960 |
Sole Director |
Withdrawn |
Registered |
|
Dyecontrol By Loris Bellini E Zaitex
S.r.l. |
Milano (MI) - IT - |
03954810960 |
Liquidator |
Active |
Registered |
|
Tecser S.r.l. |
Asola (MN) - IT - |
01366170205 |
Sole Director |
Withdrawn |
Registered |
|
Innovation E Research Srl |
Milano (MI) - IT - |
07834020963 |
Director |
Active |
Registered |
|
Innovation E Research Srl |
Milano (MI) - IT - |
07834020963 |
Board Chairman |
Active |
Registered |
|
Iniziative Immobiliari Italiane S.r.l. |
Casalromano (MN) - IT - |
02133650206 |
Sole Director |
Active |
Registered |
|
|
Formentini |
Luca |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Citac s.r.l. ex Loris Bellini S.r.l. |
Casalromano (MN) - IT - |
00208060202 |
Director |
Active |
Registered |
|
Innovation E Research Srl |
Milano (MI) - IT - |
07834020963 |
Director |
Active |
Registered |
|
|
Vitale |
Lorenzo
Benedetto |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Citac s.r.l. ex Loris Bellini S.r.l. |
Casalromano (MN) - IT - |
00208060202 |
Attorney with
special power |
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 |
|
Citac s.r.l. ex Loris Bellini S.r.l. |
Casalromano - IT - |
00208060202 |
1.868.400 .Eur |
100,00 |
Firm's location and structure
|
- |
Legal and
operative seat |
|
|
|
|
|
|
|
Undici Febbraio |
, 0026 |
- 20021 |
- Bollate |
(MI) |
- IT - |
|
|
|
|
PHONE |
: 023505901 |
|
|
|
|
PHONE |
: 023330871 |
|
|
|
|
Employees |
: 17 |
|
Fittings and Equipment for a value of
60.000 |
Eur |
|
Stocks for a value of 3.140.000 |
Eur |
|
|
The firm operates abroad as importer /
exporter..
To purchase foreign products the firm uses the
following channels :
|
- direct orders to foreign companies |
Export represents more than 50% of the
global turnover.
Products abroad are placed by :
|
- importers |
|
- its own sales net-work |
|
- its own agents |
|
- direct orders from foreign companies |
Export is mainly towards:
|
- Italy |
|
- Austria |
|
- France |
|
- Ireland |
Historical Information and/or Firm's Status
CHANGES TO THE
LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Limited liability company |
Joint stock company |
|
COMPANY STYLE
MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Loris Bellini e C. Srl |
Loris Bellini SpA |
20/12/1995 |
EX-MEMBERS /
EX-POSITIONS:
|
|
Bellini |
Roberto |
|
|
|
Born in Bollate |
(MI) |
on 19/10/1952 |
- Fiscal Code : BLLRRT52R19A940A |
|
|
|
Residence: |
|
Leopardi |
, 30 |
- 20021 |
Bollate |
(MI) |
- IT - |
|
Ex-Postions |
|
Sole Director |
|
|
Goldoni |
Roberta |
|
|
|
Born in Milano |
(MI) |
on 19/09/1951 |
- Fiscal Code : GLDRRT51P59F205N |
|
|
|
Residence: |
|
G Gozzi |
, 8 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Gallizia |
Pietro |
|
|
|
Born in Casatenovo |
(CO) |
on 15/03/1945 |
- Fiscal Code : GLLPTR45C15B943M |
|
|
|
Residence: |
|
Bianca Di Savoia |
, 17 |
- 20122 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
Invernizzi |
Carlo |
|
|
|
Born in Milano |
(MI) |
on 25/05/1957 |
- Fiscal Code : NVRCRL57E25F205H |
|
|
|
Residence: |
|
Venezia |
, 24 |
- 20121 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Bellini |
Giovanni |
|
|
|
Born in Bollate |
(MI) |
on 23/11/1943 |
- Fiscal Code : BLLGNN43S23A940J |
|
|
|
Residence: |
|
Gavinana |
, 35 |
- 20024 |
Garbagnate Milanese |
(MI) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
COLOMBO |
GIAN LUCA |
|
|
|
Born in MILANO |
(MI) |
on 06/08/1968 |
- Fiscal Code : CLMGLC68M06F205V |
|
|
|
Residence: |
|
BOLOGNA |
, 2/4 |
- 20051 |
Limbiate |
(MB) |
- IT - |
|
Ex-Postions |
|
Procurator |
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of
merging by taking over of |
|
|
|
|
Loris Bellini Servizi S.R.L.
|
|
|
|
XI FEBBRAIO |
, 0026 |
, 20021 |
, Bollate |
(MI) |
- IT - |
|
|
|
Fiscal Code: 07844970157 |
|
|
|
Date |
Merging/splitting-up project: |
30/05/2000 |
|
|
The firm
absorbed by merging of |
|
|
|
|
|
|
|
|
XI FEBBRAIO |
, 0026 |
, 20021 |
, Bollate |
(MI) |
- IT - |
|
|
|
Fiscal Code: 07844970157 |
|
|
|
Date |
: |
12/02/2001 |
|
|
Project of
merging into |
|
|
|
|
|
|
|
|
De Gasperi |
, 29/31 |
, 46040 |
, Casalromano |
(MN) |
- IT - |
|
|
|
Fiscal Code: 00208060202 |
|
|
|
Date |
Merging/splitting-up project: |
13/06/2011 |
|
|
Firm dissolved
owing to merging into |
|
|
|
|
|
|
|
|
De Gasperi |
, 29/31 |
, 46040 |
, Casalromano |
(MN) |
- IT - |
|
|
|
Fiscal Code: 00208060202 |
|
|
|
Date |
: |
28/10/2011 |
|
|
Resolution of
merging into |
|
|
|
|
|
|
|
|
De Gasperi |
, 29/31 |
, 46040 |
, Casalromano |
(MN) |
- IT - |
|
|
|
Fiscal Code: 00208060202 |
|
|
|
Date |
: |
27/07/2011 |
Protests
Protests checking on the subject firm has
given a negative result.
Data Base Prejudicial Events Search
Search performed on a National Scale
|
|
|
Prejudicial
Events Search Result: NEGATIVE |
Search performed on a specialized data base.
Legal Procedures
None reported, standing to the latest
received edition of the Official Publications.
Bankers
The firm operates with:
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
BANCA POPOLARE DI VERONA E NOVARA |
Agenzia di
Milano |
|
|
|
|
|
Financial and Economical Analysis
The company is active since 1949
Balance sheets for the years 2008, 2009 and
2010 were analyzed.
Last two financial years were marked by losses;
in 2010 r.o.e. is -3,69%. Losses are due to turnover decrease registered over
the last years.
A loss is registered as to the operating
result (-10,61%).
The amount of the operating loss for 2010 is
equal to Eur. -1.250.459.
It has been registered a negative gross
operating margin value of (Eur. -1.173.574).
The company has an excellent net worth if
compared to its debts, with a low indebtedness (0,17)
With regard to equity capital, an amount of
Eur. 6.767.405 is registered. , unchanged as opposed to the preceding year.
During the last financial year total debts
volume reached Eur. 4.384.354 (Eur. 368.006 were m/l term ones) , with a fall
of -55,64%.
Financial debts exposure is under control
while the recourse to commercial credit is rather frequent however still within
the sector's average.
The available funds are good.
Credits are collected in 82,11 days on the
average. , that compared to the sector's average is shorter.
Managerial cash flow has a minus sign and is
equal to Eur. -172.702.
During 2010 financial year labour costs
amounted to Eur. 1.142.035, with a 11,75% incidence on production costs. ,
whereas the incidence on sales revenues is of 13,65%.
No incidence of financial charges as lower
than the incomes.
The presence of detrimental items, apart
from the financial-economic analysis, makes the company not suitable for
business transactions on credit basis.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
8.365.962 |
|
Profit (Loss) for the period |
-249.587 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
9.957.893 |
|
Profit (Loss) for the period |
-169.436 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
11.488.519 |
|
Profit (Loss) for the period |
-359.572 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
13.323.546 |
|
Profit (Loss) for the period |
73.047 |
|
|
|
Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
11.001.469 |
|
Profit (Loss) for the period |
9.322 |
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: - Amounts x 1 |
|
- Balance Sheet as
at 31/12/2009 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet
as at 31/12/2008 - 12 Mesi - Currency: - Amounts x 1 |
|
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|
|
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 |
0,01 |
0,03 |
0,18 |
|
Elasticity Ratio |
Units |
0,99 |
0,99 |
0,97 |
0,80 |
|
Availability of stock |
Units |
0,27 |
0,18 |
0,21 |
0,24 |
|
Total Liquidity Ratio |
Units |
0,72 |
0,81 |
0,75 |
0,48 |
|
Quick Ratio |
Units |
0,47 |
0,69 |
0,55 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
0,17 |
n.c. |
n.c. |
3,25 |
|
Self Financing Ratio |
Units |
0,57 |
0,40 |
0,44 |
0,19 |
|
Capital protection Ratio |
Units |
0,92 |
0,91 |
0,93 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,23 |
0,11 |
0,14 |
0,19 |
|
Financing |
Units |
0,65 |
1,41 |
1,22 |
3,80 |
|
Permanent Indebtedness Ratio |
Units |
0,65 |
0,46 |
0,50 |
0,36 |
|
M/L term Debts Ratio |
Units |
0,08 |
0,06 |
0,07 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
n.c. |
0,63 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
62,52 |
53,79 |
15,86 |
1,75 |
|
Current ratio |
Units |
2,90 |
1,85 |
1,96 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
2,11 |
1,51 |
1,53 |
0,81 |
|
Structure's primary quotient |
Units |
54,87 |
46,79 |
13,70 |
1,03 |
|
Treasury's primary quotient |
Units |
1,39 |
1,28 |
1,11 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
174,10 |
249,13 |
229,72 |
516,42 |
|
Current Capital ( net ) |
Value |
7.611.291 |
7.925.451 |
8.212.053 |
422.465 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
-2,06 |
-0,94 |
-2,45 |
3,35 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-3,69 |
-2,41 |
-4,76 |
5,13 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-3,31 |
-1,95 |
-4,58 |
14,77 |
|
Return on Investment ( R.O.I. ) |
% |
-10,61 |
-0,73 |
-4,19 |
4,16 |
|
Return/ Sales |
% |
-14,95 |
-1,28 |
-6,32 |
4,11 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
n.c. |
n.c. |
28,57 |
|
Cash Flow |
Value |
-172.702 |
-93.719 |
-281.421 |
122.482 |
|
Operating Profit |
Value |
-1.250.459 |
-127.015 |
-726.161 |
144.752 |
|
Gross Operating Margin |
Value |
-1.173.574 |
-51.298 |
-648.010 |
241.990 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
82,11 |
43,05 |
78,13 |
111,85 |
|
Debts to suppliers average term |
Days |
141,21 |
n.c. |
n.c. |
128,30 |
|
Average stock waiting period |
Days |
134,92 |
112,82 |
115,16 |
80,43 |
|
Rate of capital employed return ( Turnover
) |
Units |
0,71 |
0,57 |
0,66 |
1,08 |
|
Rate of stock return |
Units |
2,67 |
3,19 |
3,13 |
4,45 |
|
Labour cost incidence |
% |
13,65 |
10,93 |
10,40 |
19,12 |
|
Net financial revenues/ charges incidence |
% |
1,67 |
0,87 |
3,03 |
-1,08 |
|
Labour cost on purchasing expenses |
% |
11,75 |
11,42 |
8,52 |
19,02 |
|
Short-term financing charges |
% |
n.c. |
0,11 |
0,55 |
2,68 |
|
Capital on hand |
% |
140,83 |
175,55 |
150,99 |
91,91 |
|
Sales pro employee |
Value |
363.737 |
292.879 |
310.500 |
198.432 |
|
Labour cost pro employee |
Value |
49.653 |
32.022 |
32.287 |
35.779 |
Remarks
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.
Market / Territory Data
|
Population living in the province |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
Monthly family expences average in the
region (in Eur..) :
|
- per food products |
: |
|
|
- per non food products |
: |
|
|
- per energy consume |
: |
|
Sector Data
The values are calculated on a base of 1.206
significant companies.
The companies cash their credits on an
average of 112 dd.
The average duration of suppliers debts is
about 128 dd.
The sector's profitability is on an average
of 3,35%.
The labour cost affects the turnover in the
measure of 19,12%.
Goods are held in stock in a range of 80 dd.
The difference between the sales volume and
the resources used to realize it is about 1,08.
The employees costs represent the 19,02% of
the production costs.
Statistical Detrimental Data
Statistcally the trade activity shows
periods of crisis.
The area is statistically considered lowly
risky.
In the region 50.886 protested subjects are
found; in the province they count to 24.765.
The insolvency index for the region is 0,55,
, while for the province it is 0,66.
Total Bankrupt companies in the province :
22.523.
Total Bankrupt companies in the region :
39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.54.16 |
|
UK Pound |
1 |
Rs.81.74 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.