|
Report Date : |
06.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
BINACCHI E C. S.R.L. |
|
|
|
|
Registered Office : |
Via Antonio Gramsci, 84 21045 - Gazzada Schianno (VA) -IT- |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
15.05.1970 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Manufacture of machinery and equipment for the chemical,
petrochemical and petroleum industries. |
|
|
|
|
No. of Employees : |
32 |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Italy has a diversified industrial economy, which is divided
into a developed industrial north, dominated by private companies, and a
less-developed, highly subsidized, agricultural south, where unemployment is
high. 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 its exceptionally high public debt
and structural impediments to growth have rendered it vulnerable to scrutiny by
financial markets. Public debt has increased steadily since 2007, topping 126%
of GDP in 2012, and investor concerns about the broader euro-zone crisis at
times have caused borrowing costs on sovereign government debt to rise to
euro-era. During the second half of 2011 the government passed three austerity
packages to reduce its budget deficit and help bring down borrowing costs.
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 sustain its recent efforts to address
Italy's long-standing structural impediments to growth, such as labor market
inefficiencies and widespread tax evasion. In 2012 economic growth and labor
market conditions deteriorated, with growth at -2.3% and unemployment rising to
nearly 11%, with youth unemployment around 35%. The government has undertaken
several reform initiatives designed to increase long-term economic growth.
Italy's GDP is now 7% below its 2007 pre-crisis level
Source
: CIA
BINACCHI E C. S.R.L.
Via Antonio Gramsci, 84 21045 - Gazzada Schianno (VA) -IT-
|
Fiscal Code |
: |
00264230129 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
15/05/1970 |
|
Equity |
: |
1.500.000 |
|
Turnover Range |
: |
9.000.000/10.000.000 |
|
Number of Employees |
: |
from 26 to 35 |
Manufacture of machinery and equipment for the chemical, petrochemical and petroleum industries (including seperate parts and accessories
Legal Form : Limited liability company
|
Fiscal Code : 00264230129 |
|
Foreign Trade Reg. no. : VA001035 since 26/11/1991 |
|
Chamber of Commerce no. : 116420 of Varese since 25/05/1970 |
|
Firms' Register : VA133-6440 of Varese since 19/02/1996 |
|
V.A.T. Code : 00264230129 |
|
Foundation date |
: 15/05/1970 |
|
|
Establishment date |
: 15/05/1970 |
|
|
Start of Activities |
: 15/05/1970 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 520.000 |
|
|
Subscribed Capital |
: 520.000 |
|
|
Paid up Capital |
: 520.000 |
|
|
Binacchi |
Walter Sergio |
|
|
Born in Varese |
(VA) |
on 14/04/1934 |
- Fiscal Code : BNCWTR34D14L682I |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
27/02/2006 |
|
|
|
Director |
29/04/2011 |
|
|
|
Managing Director |
01/06/2011 |
|
|
|
No Prejudicial events are reported |
|
No Protests registered |
|
Binacchi |
Franco |
|
|
Born in Varese |
(VA) |
on 28/09/1957 |
- Fiscal Code : BNCFNC57P28L682Y |
|
|
Residence: |
|
Giuliani |
, 7 |
- 21100 |
Varese |
(VA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2011 |
|
|
|
Binacchi |
Fabio |
|
|
Born in Varese |
(VA) |
on 10/11/1960 |
- Fiscal Code : BNCFBA60S10L682N |
|
|
Residence: |
|
Postale Vecchia |
, 13/B |
- 21020 |
Luvinate |
(VA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2011 |
|
|
|
Rabolini |
Margherita |
|
|
Born in Busto Arsizio |
(VA) |
on 12/05/1977 |
- Fiscal Code : RBLMGH77E52B300V |
|
|
Residence: |
|
Roberto Culin |
, 11 |
- 21052 |
Busto Arsizio |
(VA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2011 |
|
|
*checkings have been performed on a national scale.
In this module are listed the companies in which members hold or have holded positions.
|
Binacchi |
Walter Sergio |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
"CARPENTERIA LOMBARDA - S.R.L." |
Gazzada Schianno (VA) - IT - |
01558660120 |
Managing Director |
Withdrawn |
Registered |
|
"BIMAC - S.P.A." -0145044 |
Varese (VA) - IT - |
00809600125 |
Chairman |
Withdrawn |
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.
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Binacchi Walter Sergio |
|
BNCWTR34D14L682I |
78.000 .Eur |
15,00 |
|
BINACCHI EMANUELA PAOLA |
|
BNCMLP47H41L682V |
52.000 .Eur |
10,00 |
|
BINACCHI RENATA |
|
BNCRNT49C43L682R |
52.000 .Eur |
10,00 |
|
DAVERIO ELENA |
|
DVRLNE31T57L682Y |
43.334 .Eur |
8,33 |
|
Binacchi Franco |
Varese - IT - |
BNCFNC57P28L682Y |
28.888 .Eur |
5,55 |
|
BINACCHI LUCIA GIOVANNA |
|
BNCLGV64B60L682A |
28.888 .Eur |
5,55 |
|
Binacchi Alessandro |
Varese - IT - |
BNCLSN66S16L682M |
28.888 .Eur |
5,55 |
|
Binacchi Fabio |
Luvinate - IT - |
BNCFBA60S10L682N |
182.000 .Eur |
35,00 |
|
Rabolini Margherita |
Busto Arsizio - IT - |
RBLMGH77E52B300V |
26.000 .Eur |
5,00 |
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares Amount |
% Ownership |
since |
until |
Share Status |
|
"CARPENTERIA LOMBARDA - S.R.L." |
Gazzada Schianno - IT - |
01558660120 |
33.800 .Eur |
100,00 |
|
|
Active |
In order to carry out its activities the firm uses the following locations:
|
- |
Legal and operative seat |
(Factory) |
since 15/05/1970 |
|
|
|
|
|
|
Antonio Gramsci |
, 84 |
- 21045 |
- Gazzada Schianno |
(VA) |
- IT - |
|
|
|
|
PHONE |
: 0332461354 |
|
|
|
|
FAX |
: 0332464218 |
|
|
|
|
Employees |
: 32 |
|
Fittings and Equipment for a value of 46.000 |
Eur |
|
Stocks for a value of 5.560.000 |
Eur |
Trade organization: direct or by agents.
Sales are mainly addressed to Northern Italy
|
|
The firm operates abroad as importer / exporter..
Export represents more than 50% of the global turnover.
Products abroad are placed by :
|
- national or foreign important buyers |
|
- its own sales net-work |
|
- its own agents |
|
- direct orders from foreign companies |
Import comes generally from the following nations:
|
- Germany |
|
- France |
Export is mainly towards:
|
- Italy |
|
- France |
|
- |
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
General partnership |
Limited liability company |
01/01/1984 |
COMPANY STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Snc Binacchi eamp; C. di Fulvio Binacchi eamp; C. |
Binacchi e C. Srl |
01/01/1984 |
EX-MEMBERS / EX-POSITIONS:
|
Bisiach |
Massimo |
|
|
Born in Venegono Superiore |
(VA) |
on 01/09/1942 |
- Fiscal Code : BSCMSM42P01L734J |
|
|
Residence: |
|
Del Fante |
, 22 |
- 21040 |
Venegono Inferiore |
(VA) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
Binacchi |
Walter Sergio |
|
|
Born in Varese |
(VA) |
on 14/04/1934 |
- Fiscal Code : BNCWTR34D14L682I |
|
Ex-Postions |
|
Chairman |
|
Managing Director |
|
Binacchi |
Fulvio |
|
|
Born in Cantu' |
(CO) |
on 29/07/1923 |
- Fiscal Code : BNCFLV23L29B639T |
|
Ex-Postions |
|
Vice-Chairman |
|
Assistant board Chairman |
|
Director |
|
Managing Director |
|
Galli |
Sergio Antonio |
|
|
Born in Gattico |
(NO) |
on 13/06/1933 |
- Fiscal Code : GLLSGN33H13D937Z |
|
|
Residence: |
|
Orazio |
, 7 |
- 21052 |
Busto Arsizio |
(VA) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Director |
|
Orlandi |
Federico Carlo |
|
|
Born in Desenzano del Garda |
(BS) |
on 24/05/1963 |
- Fiscal Code : RLNFRC63E24D284N |
|
|
Residence: |
|
Quattro Novembre |
, 2 |
- 25121 |
Brescia |
(BS) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
Caravati |
Luigino |
|
|
Born in Varese |
(VA) |
on 30/06/1945 |
- Fiscal Code : CRVLGN45H30L682P |
|
|
Residence: |
|
Montegeneroso |
, 141 |
- 21100 |
Varese |
(VA) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
Caravati |
Franco |
|
|
Born in Varese |
(VA) |
on 10/03/1934 |
- Fiscal Code : CRVFNC34C10L682M |
|
|
Residence: |
|
Doniga |
, 18 |
- 21100 |
Varese |
(VA) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
Bottinelli |
Giovanni |
|
|
Born in Varese |
(VA) |
on 31/10/1965 |
- Fiscal Code : BTTGNN65R31L682M |
|
|
Residence: |
|
Buozzi |
, 12 |
- 21100 |
Varese |
(VA) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
Binacchi |
Franco |
|
|
Born in Varese |
(VA) |
on 28/09/1957 |
- Fiscal Code : BNCFNC57P28L682Y |
|
|
Residence: |
|
Giuliani |
, 7 |
- 21100 |
Varese |
(VA) |
- IT - |
|
Ex-Postions |
|
Director |
|
Binacchi |
Alessandro |
|
|
Born in Varese |
(VA) |
on 16/11/1966 |
- Fiscal Code : BNCLSN66S16L682M |
|
|
Residence: |
|
Maestri Del Lavoro |
, 11 |
- 21100 |
Varese |
(VA) |
- IT - |
|
Ex-Postions |
|
Director |
|
Binacchi |
Fabio |
|
|
Born in Varese |
(VA) |
on 10/11/1960 |
- Fiscal Code : BNCFBA60S10L682N |
|
|
Residence: |
|
Postale Vecchia |
, 13/B |
- 21020 |
Luvinate |
(VA) |
- IT - |
|
Ex-Postions |
|
Director |
|
Rabolini |
Margherita |
|
|
Born in Busto Arsizio |
(VA) |
on 12/05/1977 |
- Fiscal Code : RBLMGH77E52B300V |
|
|
Residence: |
|
Roberto Culin |
, 11 |
- 21052 |
Busto Arsizio |
(VA) |
- IT - |
|
Ex-Postions |
|
Director |
|
Galli |
Angelo |
|
|
Born in Busto Arsizio |
(VA) |
on 07/04/1944 |
- Fiscal Code : GLLNGL44D07B300L |
|
|
Residence: |
|
Cadore |
, 1 |
- 21022 |
Azzate |
(VA) |
- IT - |
|
Ex-Postions |
|
Director |
|
The firm absorbed by merging of |
|
|
|
Bimac SpA |
|
|
Date |
: |
23/12/1988 |
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.
None reported, standing to the latest received edition of the Official Publications.
Company's starting of activities dates back to 1970.
An eco-fin analysis has been made on the base od the b/s fo the years 2010, 2011 and 2012.
Under an economic point of view, profits were registered during the last years with a r.o.e. of 14,35% in 2012 keeping the turnover steady during the last two years.
The operating result in 2012 was positive (1,95%) falling within the field's average.
The operating result is positive and amounts to Eur. 268.364 with no increase in relation to the financial year 2011.
The gross operating margin of the latest financial year is of Eur. 334.630 on the same levels as the previous financial year.
The ratio between shareholder's equity and borrowed capital is not well balanced, the indebtedness level is equal to 4,3 increasing as against 2011.
The management generated equity capital for an amount of Eur. 1.432.747 on stable levels.
Eur. 11.494.057 is the amount of total debts, both commercial and of different nature, increasing if compared to the previous year, during which they were equal to Eur. 4.793.079 (more then 100%).
Financial debts exposure is under control while the recourse to commercial credit is rather frequent even if it is lower than the sector's average.
Liquidity is good (1,18)
Credits are collected in 80,22 days on the average. , shorter than the sector's average.
During financial year 2012 the cash flow amounted to Eur. 271.801
Labour cost amounts to Eur. 1.951.110, with a 16,05% incidence on production costs. and a 21,46% incidence on sales volumes.
The financial charges are lower than the financial incomes.
|
|
Complete balance-sheet for the year |
31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
9.090.145 |
|
Profit (Loss) for the period |
205.535 |
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
9.054.985 |
|
Profit (Loss) for the period |
162.995 |
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
8.841.157 |
|
Profit (Loss) for the period |
129.870 |
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.163.478 |
|
Profit (Loss) for the period |
-110.634 |
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.941.621 |
|
Profit (Loss) for the period |
-264.374 |
From our constant monitoring of the relevant Public Administration offices, no more recent balance sheets result to have been filed.
|
- Balance Sheet as at 31/12/2012 - 12 Mesi - Currency: - Amounts x 1 |
|
- 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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
RATIOS |
Value Type |
as at 31/12/2012 |
as at 31/12/2011 |
as at 31/12/2010 |
Sector Average |
|
COMPOSITION ON INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,02 |
0,07 |
0,19 |
0,18 |
|
Elasticity Ratio |
Units |
0,98 |
0,92 |
0,81 |
0,79 |
|
Availability of stock |
Units |
0,40 |
0,36 |
0,29 |
0,21 |
|
Total Liquidity Ratio |
Units |
0,58 |
0,57 |
0,52 |
0,52 |
|
Quick Ratio |
Units |
0,41 |
0,37 |
0,28 |
0,03 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
4,30 |
1,99 |
2,17 |
3,01 |
|
Self Financing Ratio |
Units |
0,10 |
0,18 |
0,18 |
0,19 |
|
Capital protection Ratio |
Units |
0,49 |
0,44 |
0,39 |
0,66 |
|
Liabilities consolidation quotient |
Units |
0,07 |
0,16 |
0,19 |
0,16 |
|
Financing |
Units |
8,02 |
3,91 |
3,79 |
3,56 |
|
Permanent Indebtedness Ratio |
Units |
0,16 |
0,29 |
0,31 |
0,34 |
|
M/L term Debts Ratio |
Units |
0,06 |
0,11 |
0,13 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,69 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
10,46 |
4,07 |
1,65 |
1,65 |
|
Current ratio |
Units |
1,18 |
1,31 |
1,20 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,69 |
0,80 |
0,77 |
0,86 |
|
Structure's primary quotient |
Units |
6,65 |
2,52 |
0,96 |
1,02 |
|
Treasury's primary quotient |
Units |
0,49 |
0,53 |
0,42 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
960,36 |
552,58 |
557,87 |
509,92 |
|
Current Capital ( net ) |
Value |
2.044.558 |
1.478.201 |
817.714 |
330.495 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
2,99 |
2,63 |
2,18 |
3,79 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
14,35 |
13,28 |
12,20 |
6,70 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
24,42 |
27,28 |
27,78 |
18,82 |
|
Return on Investment ( R.O.I. ) |
% |
1,95 |
3,55 |
4,60 |
4,89 |
|
Return/ Sales |
% |
2,95 |
2,66 |
3,09 |
4,78 |
|
Extra Management revenues/charges incid. |
% |
76,59 |
67,70 |
47,55 |
29,96 |
|
Cash Flow |
Value |
271.801 |
237.879 |
193.116 |
165.166 |
|
Operating Profit |
Value |
268.364 |
240.775 |
273.111 |
225.594 |
|
Gross Operating Margin |
Value |
334.630 |
315.659 |
336.567 |
376.080 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
80,22 |
41,44 |
46,97 |
111,07 |
|
Debts to suppliers average term |
Days |
95,50 |
82,93 |
120,99 |
127,44 |
|
Average stock waiting period |
Days |
220,25 |
95,93 |
71,26 |
62,88 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,66 |
1,34 |
1,49 |
1,10 |
|
Rate of stock return |
Units |
1,63 |
3,75 |
5,05 |
5,58 |
|
Labour cost incidence |
% |
21,46 |
22,18 |
20,44 |
18,94 |
|
Net financial revenues/ charges incidence |
% |
0,59 |
0,30 |
0,10 |
-1,15 |
|
Labour cost on purchasing expenses |
% |
16,05 |
20,34 |
21,32 |
18,99 |
|
Short-term financing charges |
% |
n.c. |
n.c. |
0,03 |
2,55 |
|
Capital on hand |
% |
151,37 |
74,89 |
67,15 |
90,89 |
|
Sales pro employee |
Value |
284.067 |
266.323 |
267.913 |
199.007 |
|
Labour cost pro employee |
Value |
60.972 |
59.073 |
54.759 |
34.820 |
The credit opinion determination is divided into two phases :
1) Risk analysis (Score).
2) Reliability score identification.
Risk Analysis (Score)
On the base of precise indicators as "Activity sector", "Area", "Firm's foundation", "Payment analysis","Profitability", we analysed the companies included in the same activity sector of subject company, classifying them by their own risk score.
The company under review falls within the range of Low risk.
Considering also subject's structural and behavioural characteristics its credit margin rate (from 0 to 100%) is equal to 68%, in respect of a sector average of 60%.
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.
Our Company collects data from public registers, lists, archives or contained in Acts and/or documents (held by the National Chamber of Commerce or Immovables Territorial Agency), users, reporters or however generally accessible (for example, from categorical lists, statistical institutes, press reports and from public inspection internet sites).
The present report is supplied for Your exclusive use and is bond to the general conditions of the contract. Personal Data collection and treatment, reported, are conform to our company's activities and to Your mandate conferred to us by Your request, for the purposes in relation to Marketing Management, Sales and Monetary Administration. It does not contain, nor could contain, information cancelled by a justified opposition right.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.79 |
|
|
1 |
Rs.98.66 |
|
Euro |
1 |
Rs.83.42 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.