MIRA
INFORM REPORT
|
Report Date : |
18.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
ROBERTO MORGANTI S.R.L. |
|
|
|
|
Registered Office : |
Via Del Molinuzzo, 8/C-8/D- 50047- Prato (PO)-IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
16.10.1979 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Subject is engaged in : ·
Preparation and spinning of textile fibres ·
Weaving of textiles ·
Wholesale of raw and semi-finished textile fibres |
|
|
|
|
No. of Employees : |
05 |
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) |
|
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, 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 |
company name & address
ROBERTO MORGANTI S.R.L.
Via Del Molinuzzo, 8/C-8/D-
50047- Prato (PO)-IT-
Summary
|
Fiscal Code |
: |
00267460970 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
16/10/1979 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
2.250.000/3.000.000 |
|
Number of Employees |
: |
from 1 to 5 |
Activity
Preparation and spinning of textile fibres
Weaving of textiles
Wholesale of raw and semi-finished textile fibres
Legal Data
Legal Form :
Limited liability company
Fiscal Code
: 00267460970
Foreign Trade Reg. no. :
PO010392 since 15/01/1992
Foreign Trade Reg. no. :
30945 of Firenze since 15/01/1992
Chamber of Commerce no. :
287180 of Prato since 24/10/1979
V.A.T. Code :
00267460970
Tribunal Co. Register :
6060 of
Foundation date :
16/10/1979
Establishment date :
16/10/1979
Start of Activities :
16/10/1979
Legal duration :
31/12/2020
Nominal Capital :
100.000
Subscribed Capital :
100.000
Paid up Capital :
100.000
Members
|
Morganti |
Roberto |
|
Born in Prato |
(FI) |
on 18/02/1949 |
- Fiscal Code : MRGRRT49B18G999H |
|
Residence: |
Montegrappa |
, 118 |
- 59100 |
Prato |
(PO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
29/05/2007 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Morganti |
Silvia |
|
Born in Prato |
(FI) |
on 27/09/1969 |
- Fiscal Code : MRGSLV69P67G999S |
|
Residence: |
Thomas Jefferson |
, 20 |
- 59016 |
Poggio a Caiano |
(PO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
29/05/2007 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Morganti |
Margaux |
|
Born in Firenze |
(FI) |
on 07/01/1987 |
- Fiscal Code : MRGMGX87A47D612Q |
|
Residence: |
Montegrappa |
, 118 |
- 59100 |
Prato |
(PO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/05/2007 |
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.
|
|
Morganti |
Roberto |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Conser - Consorzio Servizi Del Primo Macrolotto Industriale Di Prato
Societa' Co |
Prato (PO) - IT - |
03267770489 |
Director |
Active |
Registered |
|
Morganti Guerrino S.n.c. Di Morganti Roberto E Laura |
Prato (PO) - IT - |
01653540979 |
Partner |
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 |
|
Morganti Roberto |
Prato - IT - |
MRGRRT49B18G999H |
80.000 .Eur |
80,00 |
|
Morganti Silvia |
Poggio a Caiano - IT - |
MRGSLV69P67G999S |
10.000 .Eur |
10,00 |
|
Morganti Margaux |
Prato - IT - |
MRGMGX87A47D612Q |
10.000 .Eur |
10,00 |
Direct Participations
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares Amount |
% Ownership |
since |
until |
Share Status |
|
Conser - Consorzio Servizi Del Primo Mac rolotto Industriale Di Prato
Societa' Co |
Prato - IT - |
03267770489 |
79 .Eur |
0,76 |
Active |
Firm's location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
since 20/11/1986 |
|
Del Molinuzzo |
, 8/C-8/D- |
- 50047 |
- Prato |
(PO) |
- IT - |
|
PHONE |
: 0574620522 |
|
- |
Branch |
(Store) |
since 01/01/2008 |
|
Cerbino |
, 4/6 |
- 50048 |
- Vernio |
(PO) |
- IT - |
|
- |
Branch |
since 20/01/1987 |
|
Dei Fossi |
, 8/T |
- 50047 |
- Prato |
(PO) |
- IT - |
|
Employees |
: 5 |
|
Fittings and Equipment for a value of 80.000 |
Eur |
|
Stocks for a value of 2.650.000 |
Eur |
|
Furniture and fittings for a value of 18.000 |
Eur |
|
Vehicles for a value of 100.000 |
Eur |
Historical Information and/or Firm's Status
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Limited partnership |
Limited liability company |
05/11/1981 |
|
Limited liability company |
Joint stock company |
30/11/1981 |
EX-MEMBERS / EX-POSITIONS:
|
Morganti |
Roberto |
|
Born in Prato |
(FI) |
on 18/02/1949 |
- Fiscal Code : MRGRRT49B18G999H |
|
Residence: |
Montegrappa |
, 118 |
- 59100 |
Prato |
(PO) |
- IT - |
|
Ex-Postions |
|
Chairman and Managing Director |
|
Sole Director |
|
Malinconi Elisabetta |
|
Born in Campi Bisenzio |
(FI) |
on 29/05/1949 |
- Fiscal Code : MLNLBT49E69B507I |
|
Ex-Postions |
|
Managing Director |
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.
Financial and Economical Analysis
Company's starting of activities dates back to 1979.
The economic-financial analysis has been made on the base of the b/s of
the latests three years.
Under the financial profile unstable results are noted. with a negative
economic result in the last financial year.
The operating result is negative.
The amount of the operating loss for 2012 is equal to Eur. -130.374.
At the end of the latest financial year, a negative gross operating
margin of Eur. -35.690 was registered.
Very good financial situation: shareholder's equity covers short-terms
debts with an indebtedness level equal to 0,97 which is yet rising if compared
to 2011.
The equity capital is equal to Eur. 2.979.525 , unchanged if compared to
2011.
In the year 2012 total debts amounted to Eur. 3.834.117 with a growth
equal to 23,37%.
Bank borrowings' volume is slightly high but it modestly dips into
suppliers credit, 73,79 gg. is the payments' average time which is also lower
than the sector average.
Payments are supported by good current assets.
Trade credits average terms are slow, on average 173,71 days. besides
being higher than the sector's average.
During financial year 2012 the cash flow amounted to Eur. 66.221
Subordinate employment cost is of Eur. 175.722, i.e. 5,98% on total
production costs. and a 6,29% incidence on sales volumes.
Financial charges have a high incidence (-1,99%) on turnover figures.
Financial Data
|
Complete balance-sheet for the year |
31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.794.742 |
|
Profit (Loss) for the period |
-28.463 |
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.686.562 |
|
Profit (Loss) for the period |
246.817 |
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
3.191.512 |
|
Profit (Loss) for the period |
152.456 |
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.775.368 |
|
Profit (Loss) for the period |
-20.027 |
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.125.662 |
|
Profit (Loss) for the period |
-77.013 |
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 31/12/2012 - 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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PROFIT AND LOSS ACCOUNTS
|
VALUE OF PRODUCTION |
|||
|
. Revenues from sales and services |
2.794.742 |
2.686.562 |
3.191.512 |
|
. Changes in work in progress |
|||
|
. Changes in semi-manufact. products |
|||
|
. Capitalization of internal work |
|||
|
. Other income and revenues |
13.657 |
146.834 |
147.966 |
|
. . Contributions for operating expenses |
1.200 |
||
|
. . Different income and revenues |
13.657 |
146.834 |
146.766 |
|
Total value of production |
2.808.399 |
2.833.396 |
3.339.478 |
|
PRODUCTION COSTS |
|||
|
. Raw material,other materials and consum. |
2.093.905 |
1.996.942 |
1.598.099 |
|
. Services received |
542.072 |
508.177 |
561.325 |
|
. Leases and rentals |
9.075 |
19.396 |
|
|
. Payroll and related costs |
175.722 |
178.625 |
168.584 |
|
. . Wages and salaries |
123.599 |
125.006 |
118.551 |
|
. . Social security contributions |
52.055 |
39.778 |
37.774 |
|
. . Employee termination indemnities |
68 |
13.841 |
12.259 |
|
. . Pension and similar |
|||
|
. . Other costs |
|||
|
. Amortization and depreciation |
94.684 |
75.313 |
89.968 |
|
. . Amortization of intangible fixed assets |
362 |
1.311 |
1.900 |
|
. . Amortization of tangible fixed assets |
90.328 |
67.168 |
80.118 |
|
. . Depreciation of tangible fixed assets |
|||
|
. . Writedown of current receiv.and of liquid |
3.994 |
6.834 |
7.950 |
|
. Changes in raw materials |
-232.097 |
-447.153 |
444.962 |
|
. Provisions to risk reserves |
|||
|
. Other provisions |
|||
|
. Other operating costs |
264.487 |
41.615 |
96.033 |
|
Total production costs |
2.938.773 |
2.362.594 |
2.978.367 |
|
Diff. between value and cost of product. |
-130.374 |
470.802 |
361.111 |
|
FINANCIAL INCOME AND EXPENSE |
|||
|
. Income from equity investments |
|||
|
. . In subsidiary companies |
|||
|
. . In associated companies |
|||
|
. . In other companies |
|||
|
. Other financial income |
13.367 |
14.147 |
3.131 |
|
. . Financ.income from receivables |
|||
|
. . . Towards subsidiary companies |
|||
|
. . . Towards associated companies |
|||
|
. . . Towards holding companies |
|||
|
. . . Towards other companies |
|||
|
. . Financ.income from secur. t.f.assets |
|||
|
. . Financ.income from secur. cur.assets |
|||
|
. . Financ.income other than the above |
|||
|
. . . - Subsidiary companies |
|||
|
. . . - Associated companies |
|||
|
. . . - Holding companies |
|||
|
. . . - Other companies |
|||
|
. Interest and other financial expense |
-69.056 |
-97.569 |
-118.087 |
|
. . Towards subsidiary companies |
|||
|
. . Towards associated companies |
|||
|
. . Towards holding companies |
|||
|
. . Towards other companies |
|||
|
Total financial income and expense |
-55.689 |
-83.422 |
-114.956 |
|
ADJUSTMENTS TO FINANCIAL ASSETS |
|||
|
. Revaluations |
|||
|
. . Of equity investments |
|||
|
. . Of financ.fixed assets not repres.E.I. |
|||
|
. . Of securities incl.among current assets |
|||
|
. Devaluation |
|||
|
. . Of equity investments |
|||
|
. . Of financial fixed assets (no equity inv) |
|||
|
. . Of securities included among current ass |
|||
|
Total adjustments to financial assets |
|||
|
EXTRAORDINARY INCOME AND EXPENSE |
|||
|
. Extraordinary income |
173.618 |
15.141 |
1.436 |
|
. . Gains on disposals |
12.002 |
||
|
. . Other extraordinary income |
161.616 |
15.141 |
1.436 |
|
. Extraordinary expense |
-657 |
-15.942 |
-2 |
|
. . Losses on disposals |
|||
|
. . Taxes relating to prior years |
-656 |
-15.942 |
|
|
. . Other extraordinary expense |
-1 |
-2 |
|
|
Total extraordinary income and expense |
172.961 |
-801 |
1.434 |
|
Results before income taxes |
-13.102 |
386.579 |
247.589 |
|
. Taxes on current income |
15.361 |
139.762 |
95.133 |
|
. . current taxes |
33.346 |
147.064 |
91.935 |
|
. . differed taxes(anticip.) |
-17.985 |
-7.302 |
3.198 |
|
. Net income for the period |
-28.463 |
246.817 |
152.456 |
|
. Adjustments in tax regulations pursuance |
|||
|
. Provisions in tax regulations pursuance |
|||
|
. Profit (loss) of the year |
-28.463 |
246.817 |
152.456 |
|
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 |
0,46 |
0,41 |
0,44 |
0,22 |
|
Elasticity Ratio |
Units |
0,54 |
0,59 |
0,56 |
0,75 |
|
Availability of stock |
Units |
0,34 |
0,34 |
0,30 |
0,23 |
|
Total Liquidity Ratio |
Units |
0,20 |
0,25 |
0,26 |
0,45 |
|
Quick Ratio |
Units |
0,01 |
0,12 |
0,13 |
0,02 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
0,97 |
0,58 |
0,37 |
1,65 |
|
Self Financing Ratio |
Units |
0,38 |
0,42 |
0,41 |
0,30 |
|
Capital protection Ratio |
Units |
0,98 |
0,88 |
0,91 |
0,79 |
|
Liabilities consolidation quotient |
Units |
0,33 |
0,26 |
0,60 |
0,20 |
|
Financing |
Units |
1,29 |
1,03 |
1,04 |
2,05 |
|
Permanent Indebtedness Ratio |
Units |
0,51 |
0,52 |
0,58 |
0,45 |
|
M/L term Debts Ratio |
Units |
0,13 |
0,09 |
0,17 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
1,04 |
0,51 |
0,39 |
0,57 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,10 |
1,26 |
1,33 |
1,60 |
|
Current ratio |
Units |
1,40 |
1,62 |
1,97 |
1,27 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,52 |
0,69 |
0,93 |
0,84 |
|
Structure's primary quotient |
Units |
0,83 |
1,03 |
0,94 |
1,11 |
|
Treasury's primary quotient |
Units |
0,03 |
0,32 |
0,46 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
262,04 |
237,00 |
241,51 |
327,18 |
|
Current Capital ( net ) |
Value |
1.200.608 |
1.608.330 |
1.830.050 |
870.113 |
|
RETURN |
|||||
|
Return on Sales |
% |
2,37 |
11,99 |
7,60 |
1,60 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-0,96 |
8,21 |
5,52 |
0,47 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-0,44 |
12,85 |
8,97 |
2,85 |
|
Return on Investment ( R.O.I. ) |
% |
-1,67 |
6,60 |
5,42 |
2,55 |
|
Return/ Sales |
% |
-4,66 |
17,52 |
11,31 |
2,66 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
52,42 |
42,22 |
14,76 |
|
Cash Flow |
Value |
66.221 |
322.130 |
242.424 |
47.325 |
|
Operating Profit |
Value |
-130.374 |
470.802 |
361.111 |
69.715 |
|
Gross Operating Margin |
Value |
-35.690 |
546.115 |
451.079 |
147.816 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
173,71 |
116,10 |
n.c. |
114,56 |
|
Debts to suppliers average term |
Days |
73,79 |
66,57 |
117,41 |
113,59 |
|
Average stock waiting period |
Days |
340,99 |
323,62 |
221,98 |
93,83 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,36 |
0,38 |
0,48 |
0,96 |
|
Rate of stock return |
Units |
1,06 |
1,11 |
1,62 |
3,84 |
|
Labour cost incidence |
% |
6,29 |
6,65 |
5,28 |
15,62 |
|
Net financial revenues/ charges incidence |
% |
-1,99 |
-3,11 |
-3,60 |
-1,87 |
|
Labour cost on purchasing expenses |
% |
5,98 |
7,56 |
5,66 |
14,72 |
|
Short-term financing charges |
% |
1,80 |
3,14 |
4,10 |
3,34 |
|
Capital on hand |
% |
279,37 |
265,36 |
208,94 |
104,51 |
|
Sales pro employee |
Value |
558.948 |
537.312 |
565.870 |
218.478 |
|
Labour cost pro employee |
Value |
35.144 |
35.725 |
29.890 |
32.758 |
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 634 significant companies.
The companies cash their credits on an average of 115 dd.
The average duration of suppliers debts is about 114 dd.
The sector's profitability is on an average of 1,60%.
The labour cost affects the turnover in the measure of 15,62%.
Goods are held in stock in a range of 94 dd.
The difference between the sales volume and the resources used to
realize it is about 0,96.
The employees costs represent the 14,72% of the production costs.
Statistical Detrimental Data
Statistically the trade activity passes through serious crises.
The area is statistically considered moderately risky.
In the region 24.960 protested subjects are found; in the province they
count to 2.055.
The insolvency index for the region is 0,70, , while for the province it
is 0,88.
Total Bankrupt companies in the province : 3.109.
Total Bankrupt companies in the region : 20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.06 |
|
|
1 |
Rs.101.15 |
|
Euro |
1 |
Rs.84.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.