|
Report Date : |
21.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
GASPARI MENOTTI - S.P.A. |
|
|
|
|
Registered Office : |
Viale Zaccagna, 18/F Nazzano 54033 – Carrara (MS) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
01.01.1981 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
Manufacture of machine tools |
|
|
|
|
No. of Employees : |
From 71 to 90 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but 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 – 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
GASPARI MENOTTI - S.P.A.
Viale Zaccagna, 18/F Nazzano 54033 – Carrara (MS) -IT-
|
Fiscal Code |
: |
00363950452 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
01/01/1981 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
20.000.000/25.000.000 |
|
Number of Employees |
: |
from 71 to 90 |
Manufacture of other machine tools
Legal Form : Joint stock company
|
Fiscal Code : 00363950452 |
|
Foreign Trade Reg. no. : MS001168 since 02/12/1991 |
|
Chamber of Commerce no. : 75081 of Massa since 06/01/1981 |
|
Firms' Register : MS010-3291 of Massa since 19/02/1996 |
|
V.A.T. Code : 00363950452 |
|
Establishment date |
: 15/12/1980 |
|
|
Start of Activities |
: 01/01/1981 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 5.170.165 |
|
|
Subscribed Capital |
: 5.170.165 |
|
|
Paid up Capital |
: 5.170.165 |
|
|
|
Gaspari |
Ciro |
|
|
|
Born in Carrara |
(MS) |
on 29/07/1956 |
- Fiscal Code : GSPCRI56L29B832Y |
|
|
|
Residence: |
|
Xx Settembre |
, 127 |
- 54033 |
Carrara |
(MS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/04/2011 |
|
|
|
Board Chairman |
30/04/2011 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Roberti |
Franco |
|
|
|
Born in San Severo |
(FG) |
on 21/04/1947 |
- Fiscal Code : RBRFNC47D21I158X |
|
|
|
Residence: |
|
Xx Settembre |
, 127 BIS |
- 54033 |
Carrara |
(MS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/04/2011 |
|
|
|
|
Roberti |
Barbara |
|
|
|
Born in Carrara |
(MS) |
on 16/05/1975 |
- Fiscal Code : RBRBBR75E56B832K |
|
|
|
Residence: |
|
Xx Settembre |
, 127 BIS |
- 54033 |
Carrara |
(MS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/04/2011 |
|
|
*checkings have been performed on a national scale.
In this module are listed the companies in which members hold or have holded positions.
|
|
Gaspari |
Ciro |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Gaspari Menotti E Figli Holding S.r.l InSigla Gmef Holding S.r.l. |
Carrara (MS) - IT - |
00285090452 |
Managing Director |
Active |
Registered |
|
Gaspari Menotti E Figli Holding S.r.l InSigla Gmef Holding S.r.l. |
Carrara (MS) - IT - |
00285090452 |
Director |
Active |
Registered |
|
Societa' Apuana Marmi S.r.l. In Sigla S.a.m. S.r.l. |
Carrara (MS) - IT - |
00297570459 |
Director |
Active |
Registered |
|
Societa' Apuana Marmi S.r.l. In Sigla S.a.m. S.r.l. |
Carrara (MS) - IT - |
00297570459 |
Memb.of the Executive Committee |
Active |
Registered |
|
Societa' Apuana Marmi S.r.l. In Sigla S.a.m. S.r.l. |
Carrara (MS) - IT - |
00297570459 |
Board Chairman |
Active |
Registered |
|
Edilinvest S.r.l. |
Carrara (MS) - IT - |
01081940452 |
Director |
Active |
Registered |
|
Erton S.r.l. |
Carrara (MS) - IT - |
01274330453 |
Director |
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.
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Gaspari Ciro |
Carrara - IT - |
GSPCRI56L29B832Y |
47.001 .Eur |
0,91 |
|
Gaspari Elena |
Carrara - IT - |
GSPLNE50D69B832Q |
47.001 .Eur |
0,91 |
|
Gaspari Menotti E Figli Holding S.r.l In Sigla Gmef Holding S.r.l. |
|
00285090452 |
5.076.162 .Eur |
98,18 |
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares Amount |
% Ownership |
since |
until |
Share Status |
|
Agenzia Sviluppo Industriale - A.s.i. - S.r.l. |
Carrara - IT - |
00280960451 |
1.142.600.000 .Eur |
10,39 |
|
|
Active |
|
S.t.a. - S.r.l. |
Massa - IT - |
00252980453 |
3.500.000.000 .Eur |
50,00 |
|
|
Active |
|
Protec S.r.l. In Liquidazione |
Massa - IT - |
00372470450 |
640.000 .Eur |
50,00 |
|
|
Active |
|
Assoservizi Industria S.r.l. |
Carrara - IT - |
00681620456 |
25.000.000 .Eur |
3,07 |
|
|
Active |
In order to carry out its activities the firm uses the following locations:
|
- |
Legal and operative seat |
|
|
|
|
|
|
|
Zaccagna - Nazzano |
, 18/F |
- 54033 |
- Carrara |
(MS) |
- IT - |
|
|
|
|
PHONE |
: 0585857215 - 64551 |
|
|
|
|
FAX |
: 0585645555 |
|
|
|
|
Legal mail |
: GASPARIMENOTTI@PEC.IT |
|
- |
Branch |
(Factory) |
since 10/11/1981 |
until 12/05/2005 |
|
|
|
|
|
|
Catagnina |
, 25 |
- 54100 |
- Massa |
(MS) |
- IT - |
|
|
|
|
PHONE |
: 0585830818 |
|
- |
Branch |
(Factory) |
since 16/11/1995 |
until 12/05/2005 |
|
|
|
|
|
|
D. Zaccagna |
- 54033 |
- Carrara |
(MS) |
- IT - |
|
|
|
|
Employees |
: 75 |
|
Fittings and Equipment for a value of 220.000 |
Eur |
|
Stocks for a value of 13.590.000 |
Eur |
|
Work in progress for a value of 4.250.000 |
Eur |
Trade organization: direct or by agents.
Sales area on a national scale.
Transports are mainly done using own vehicles and third parties ones
|
|
Export represents more than 50% of the global turnover.
Products abroad are placed by :
|
- its own agents |
|
- direct orders from foreign companies |
Subject generally proposes terms of sale between 30 and 60 days.
Financial means used for sale: bank transfers and bank orders.
Purchase terms: 60-90-120 days.
Main used payment modalities are by cash orders and bank transfers.
Export is mainly towards:
|
- France |
|
- Gabon |
|
- Belgium |
|
- |
|
- Italy |
|
- Ireland |
EX-MEMBERS / EX-POSITIONS:
|
Marchetti |
Gianfranco |
|
|
Born in Carrara |
(MS) |
on 24/10/1940 |
- Fiscal Code : MRCGFR40R24B832C |
|
|
Residence: |
|
Micheli |
, 11 |
- 54036 |
Carrara |
(MS) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
Alluisini |
Carlo |
|
|
Born in Ameglia |
(SP) |
on 26/11/1936 |
- Fiscal Code : LLSCRL36S26A261X |
|
|
Residence: |
|
Del Cavatore |
, 10/A |
- 54033 |
Carrara |
(MS) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
Andreani |
Giulio |
|
|
Born in Ortonovo |
(SP) |
on 18/04/1956 |
- Fiscal Code : NDRGLI56D18G143I |
|
|
Residence: |
|
Montia |
, 33 |
- 54033 |
Carrara |
(MS) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
Conti |
Giulio |
|
|
Born in Carrara |
(MS) |
on 07/09/1937 |
- Fiscal Code : CNTGLI37P07B832I |
|
|
Residence: |
|
Perla |
, 30 |
- 54033 |
Carrara |
(MS) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
Giovannetti |
Paolo Giuseppe |
|
|
Born in Carrara |
(MS) |
on 04/02/1963 |
- Fiscal Code : GVNPGS63B04B832D |
|
|
Residence: |
|
Buonarroti |
, 16 |
- 54033 |
Carrara |
(MS) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
Gaspari |
Menotti |
|
|
Born in Carrara |
(MS) |
on 29/09/1928 |
- Fiscal Code : GSPMTT28P29B832S |
|
|
Residence: |
|
Xx Settembre |
, 125 |
- 54033 |
Carrara |
(MS) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Chairman |
|
Gaspari |
Ciro |
|
|
Born in Carrara |
(MS) |
on 29/07/1956 |
- Fiscal Code : GSPCRI56L29B832Y |
|
|
Residence: |
|
Xx Settembre |
, 127 |
- 54033 |
Carrara |
(MS) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Roberti |
Franco |
|
|
Born in San Severo |
(FG) |
on 21/04/1947 |
- Fiscal Code : RBRFNC47D21I158X |
|
|
Residence: |
|
Xx Settembre |
, 127 BIS |
- 54033 |
Carrara |
(MS) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Giovanetti |
Paolo |
|
|
Born in Carrara |
(MS) |
on 04/02/1963 |
- Fiscal Code : GVNPLA63B04B832A |
|
|
Residence: |
|
Buonarroti |
, 16 |
- 54033 |
Carrara |
(MS) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
CEASINGS/INCORPORATIONS/MERGES:
|
Project of merging by taking over of |
|
|
|
INDUSTRIA MARMI E GRANITI S.R.L. (I.M.E.GRA. S.R.L.) |
|
|
|
AURELIA, |
, 12 |
, 54033 |
, Carrara |
(MS) |
- IT - |
|
|
Fiscal Code: 00491880456 |
|
|
Date |
Merging/splitting-up project: |
30/06/2005 |
|
The firm absorbed by merging of |
|
|
|
INDUSTRIA MARMI E GRANITI S.R.L. (I.M.E.GRA. S.R.L.) |
|
|
|
AURELIA, |
, 12 |
, 54033 |
, Carrara |
(MS) |
- IT - |
|
|
Fiscal Code: 00491880456 |
|
|
Date |
: |
25/10/2005 |
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 1981
The eonomic-financial analysis is based on the latest 3 b/s.
During the last years the subject suffered net losses and in 2012 r.o.e. is -19,07%. The last financial year was marked by a decrease in the turnover.
The operating result is negative.
The operating loss is equal to Eur. -1.292.425.
The economic management produced a gross operating margin of Eur. 49.548 recording a -97,77% decrease.
The analysis shows a fair financial position as the indebtedness volume is acceptable (1,34) yet on the increase as against the previous accounting period.
The management generated equity capital for an amount of Eur. 14.859.518 on stable levels.
In the year 2012 total debts amounted to Eur. 32.624.103 with no important change.
The exposure towards banks is slightly high, the recourse to suppliers' credit is limited below the sector's average.
The management determines a good range of liquidity.
Accounts receivable average term is 82,98 days. , lower than the sector's average.
Managerial cash flow has a minus sign and is equal to Eur. -1.491.477.
Labour cost expenses amount to Eur. 4.097.105 , representing 15,59% on the total of production costs. , whereas the incidence of such costs on sales revenues is equal to 17,16%.
Financial charges have a high incidence (-4,57%) on turnover figures.
|
|
Complete balance-sheet for the year |
31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
23.869.911 |
|
Profit (Loss) for the period |
-2.833.450 |
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
34.289.866 |
|
Profit (Loss) for the period |
-451.585 |
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
22.767.515 |
|
Profit (Loss) for the period |
-863.389 |
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
13.658.295 |
|
Profit (Loss) for the period |
-3.840.054 |
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
25.287.010 |
|
Profit (Loss) for the period |
-202.876 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MEMORANDUM ACCOUNTS
|
|
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 |
0,55 |
0,52 |
0,52 |
0,17 |
|
Elasticity Ratio |
Units |
0,45 |
0,47 |
0,47 |
0,80 |
|
Availability of stock |
Units |
0,28 |
0,27 |
0,26 |
0,27 |
|
Total Liquidity Ratio |
Units |
0,17 |
0,21 |
0,21 |
0,50 |
|
Quick Ratio |
Units |
0,00 |
0,00 |
0,01 |
0,03 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
1,34 |
1,09 |
1,00 |
3,14 |
|
Self Financing Ratio |
Units |
0,30 |
0,34 |
0,35 |
0,19 |
|
Capital protection Ratio |
Units |
0,84 |
0,73 |
0,76 |
0,68 |
|
Liabilities consolidation quotient |
Units |
0,70 |
0,75 |
0,84 |
0,18 |
|
Financing |
Units |
2,20 |
1,85 |
1,82 |
3,79 |
|
Permanent Indebtedness Ratio |
Units |
0,59 |
0,62 |
0,64 |
0,34 |
|
M/L term Debts Ratio |
Units |
0,28 |
0,28 |
0,30 |
0,09 |
|
Net Financial Indebtedness Ratio |
Units |
1,64 |
1,16 |
0,99 |
0,77 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,08 |
1,18 |
1,22 |
1,75 |
|
Current ratio |
Units |
1,11 |
1,26 |
1,32 |
1,23 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,42 |
0,55 |
0,60 |
0,78 |
|
Structure's primary quotient |
Units |
0,56 |
0,65 |
0,66 |
1,04 |
|
Treasury's primary quotient |
Units |
0,00 |
0,01 |
0,03 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
329,46 |
293,20 |
289,70 |
518,96 |
|
Current Capital ( net ) |
Value |
2.100.540 |
5.126.042 |
6.033.537 |
406.983 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
-6,25 |
2,61 |
1,09 |
3,69 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-19,07 |
-2,55 |
-4,76 |
5,16 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-18,66 |
-0,69 |
-4,08 |
17,72 |
|
Return on Investment ( R.O.I. ) |
% |
-2,64 |
1,70 |
0,12 |
3,94 |
|
Return/ Sales |
% |
-5,41 |
2,58 |
0,28 |
4,48 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
-51,12 |
-1339,92 |
26,52 |
|
Cash Flow |
Value |
-1.491.477 |
893.777 |
248.630 |
142.024 |
|
Operating Profit |
Value |
-1.292.425 |
883.363 |
64.436 |
126.602 |
|
Gross Operating Margin |
Value |
49.548 |
2.228.725 |
1.176.455 |
241.461 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
82,98 |
71,29 |
112,72 |
116,01 |
|
Debts to suppliers average term |
Days |
83,69 |
121,25 |
180,46 |
127,79 |
|
Average stock waiting period |
Days |
205,02 |
145,54 |
213,81 |
96,89 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,49 |
0,66 |
0,43 |
1,03 |
|
Rate of stock return |
Units |
1,76 |
2,47 |
1,68 |
3,58 |
|
Labour cost incidence |
% |
17,16 |
12,77 |
16,98 |
21,20 |
|
Net financial revenues/ charges incidence |
% |
-4,57 |
-3,64 |
-3,70 |
-1,00 |
|
Labour cost on purchasing expenses |
% |
15,59 |
12,89 |
14,58 |
20,95 |
|
Short-term financing charges |
% |
3,63 |
4,93 |
2,74 |
2,70 |
|
Capital on hand |
% |
205,10 |
151,25 |
230,75 |
96,90 |
|
Sales pro employee |
Value |
322.566 |
451.182 |
189.729 |
191.520 |
|
Labour cost pro employee |
Value |
55.366 |
57.612 |
32.224 |
39.641 |
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.
|
Population living in the province |
: |
200.644 |
|
Population living in the region |
: |
3.598.269 |
|
Number of families in the region |
: |
1.474.681 |
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
444 |
|
- per non food products |
: |
2.009 |
|
- per energy consume |
: |
122 |
The values are calculated on a base of 45 significant companies.
The companies cash their credits on an average of 116 dd.
The average duration of suppliers debts is about 128 dd.
The sector's profitability is on an average of 3,69%.
The labour cost affects the turnover in the measure of 21,20%.
Goods are held in stock in a range of 97 dd.
The difference between the sales volume and the resources used to realize it is about 1,03.
The employees costs represent the 20,95% of the production costs.
Statistcally the trade activity shows periods of crisis.
The area is statistically considered moderately risky.
In the region 24.960 protested subjects are found; in the province they count to 1.432.
The insolvency index for the region is 0,70, , while for the province it is 0,72.
Total Bankrupt companies in the province : 1.056.
Total Bankrupt companies in the region : 20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.56 |
|
|
1 |
Rs.100.77 |
|
Euro |
1 |
Rs.84.71 |
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.