MIRA
INFORM REPORT
|
Report Date : |
22.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
LUILOR S.P.A. |
|
|
|
|
Registered Office : |
Via Dei Tintori, 13/15/17 50045 – Montemurlo (PO) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
07.01.1991 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
Manufacture of textiles |
|
|
|
|
No. of Employees : |
From 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 – 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 and address
LUILOR S.P.A.
Via Dei Tintori, 13/15/17 50045 – Montemurlo (PO) -IT-
Summary
|
Fiscal Code |
: |
01584320970 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
07/01/1991 |
|
Equity |
: |
1.500.000 |
|
Turnover Range |
: |
15.500.000/18.000.000 |
|
Number of Employees |
: |
from 51 to 70 |
Activity
MANUFACTURE OF TEXTILES
Legal Data
Legal Form : Joint stock company
|
Fiscal Code : 01584320970 |
|
Foreign Trade Reg. no. : PO014121 since 08/04/1992 |
|
Foreign Trade Reg. no. : 014121 of Prato since 08/04/1992 |
|
Chamber of Commerce no. : 433809 of Firenze |
|
Chamber of Commerce no. : 433809 of Prato since 04/04/1991 |
|
Firms' Register : PO005-17637 of Prato since 19/02/1996 |
|
V.A.T. Code : 01584320970 |
|
Tribunal Co. Register : 17637 of |
|
Foundation date |
: 07/01/1991 |
|
|
Establishment date |
: 07/01/1991 |
|
|
Start of Activities |
: 07/01/1991 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 154.800 |
|
|
Subscribed Capital |
: 154.800 |
|
|
Paid up Capital |
: 154.800 |
|
Members
|
|
Bini |
Alessandro |
|
|
|
Born in Montale |
(PT) |
on 24/08/1956 |
- Fiscal Code : BNILSN56M24F410C |
|
|
|
Residence: |
|
G. Garibaldi |
, 43 |
- 51037 |
Montale |
(PT) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
30/04/2011 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Biagioni |
Marco |
|
|
|
Born in Prato |
(FI) |
on 16/08/1952 |
- Fiscal Code : BGNMRC52M16G999Y |
|
|
|
Residence: |
|
Iole Badioli |
, 86 |
- 59013 |
Montemurlo |
(PO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
30/04/2011 |
|
|
|
|
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.
|
|
Bini |
Alessandro |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Consorzio Prato Energia |
Prato (PO) - IT - |
01812470977 |
Director |
Active |
Registered |
|
|
Biagioni |
Marco |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Duelle S.r.l. |
Montemurlo (PO) - IT - |
01842710970 |
Managing Director |
Active |
Registered |
|
Duelle S.r.l. |
Montemurlo (PO) - IT - |
01842710970 |
Board Chairman |
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 |
|
Martinez Angelo |
Prato - IT - |
MRTNGL62L25G999Z |
6.192 .Eur |
4,00 |
|
Panerai Alessio |
Prato - IT - |
PNRLSS66D06G999J |
6.192 .Eur |
4,00 |
|
Duelle S.r.l. |
|
01842710970 |
142.416 .Eur |
92,00 |
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 |
|
Ellefil S.r.l. |
Montemurlo - IT - |
01709670978 |
6.352 .Eur |
41,00 |
|
|
Ceased |
|
GRUPPO TESSILE ARREDAMENTO S.R.L. |
Prato - IT - |
01787000973 |
7.901 .Eur |
51,00 |
|
|
Active |
Firm's location and structure
In order to carry out its activities the firm uses the following locations:
|
- |
Legal and operative seat |
|
since 07/01/1991 |
|
|
|
|
|
|
Dei Tintori |
, 13/15/17 |
- 50045 |
- Montemurlo |
(PO) |
- IT - |
|
|
|
|
PHONE |
: 0574692822 |
|
|
|
|
PHONE |
: 0574652822 |
|
|
|
|
FAX |
: 0574720471 |
|
- |
Branch |
(Factory) |
since 03/09/1991 |
until 10/01/1994 |
|
|
|
|
|
|
Venezia |
, 64 |
- 50045 |
- Montemurlo |
(PO) |
- IT - |
|
|
|
|
PHONE |
: 0574682653 |
|
- |
Branch |
(Store) |
since 08/11/1993 |
until 10/01/1994 |
|
|
|
|
|
|
Aniene |
, 8 |
- 50045 |
- Montemurlo |
(PO) |
- IT - |
|
|
|
|
PHONE |
: 0574652822 |
|
- |
Branch |
|
since 08/05/1998 |
until 20/09/1999 |
|
|
|
|
|
|
Tintori |
, 15 - 17 |
- 50045 |
- Montemurlo |
(PO) |
- IT - |
|
|
|
|
PHONE |
: 0574652822 |
|
- |
Branch |
|
since 12/05/1999 |
until 20/09/1999 |
|
|
|
|
|
|
Dei Tintori |
, 13 |
- 50045 |
- Montemurlo |
(PO) |
- IT - |
|
|
|
|
PHONE |
: 0574652822 |
|
- |
Branch |
|
since 20/09/1999 |
|
|
|
|
|
|
Aniene |
, 8 |
- 50045 |
- Montemurlo |
(PO) |
- IT - |
|
|
|
|
PHONE |
: 0574652822 |
|
- |
Branch |
(Factory) |
since 11/02/2000 |
|
|
|
|
|
|
Dei Tintori |
, 11 |
- 50045 |
- Montemurlo |
(PO) |
- IT - |
|
|
|
|
PHONE |
: 0574652822 |
|
- |
Branch |
|
since 24/11/2000 |
until 24/01/2001 |
|
|
|
|
|
|
Viareggio |
, 16 |
- 50047 |
- Prato |
(PO) |
- IT - |
|
- |
Branch |
(Factory) |
since 01/03/2001 |
|
|
|
|
|
|
Siena |
, 13 |
- 50045 |
- Montemurlo |
(PO) |
- IT - |
|
- |
Branch |
(Factory) |
since 28/07/2003 |
|
|
|
|
|
|
Dei Tintori |
, 5 |
- 50045 |
- Montemurlo |
(PO) |
- IT - |
|
- |
Branch |
(Factory) |
since 08/07/2004 |
|
|
|
|
|
|
Dei Tintori |
, 9 |
- 50045 |
- Montemurlo |
(PO) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 01/01/2007 |
|
|
|
|
|
|
Siena |
, 9 |
- 50045 |
- Montemurlo |
(PO) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 15/06/2013 |
|
|
|
|
|
|
Siena |
, 5 |
- 50045 |
- Montemurlo |
(PO) |
- IT - |
|
|
|
|
Employees |
: 59 |
|
Fittings and Equipment for a value of 350.000 |
Eur |
|
Stocks for a value of 1.150.000 |
Eur |
|
Vehicles: 1. |
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 |
01/12/1997 |
EX-MEMBERS / EX-POSITIONS:
|
Martinez |
Angelo |
|
|
Born in Prato |
(FI) |
on 25/07/1962 |
- Fiscal Code : MRTNGL62L25G999Z |
|
|
Fiscal residence: |
|
Montalese |
, 60 |
- 50047 |
Prato |
(FI) |
- IT - |
|
Ex-Postions |
|
Chairman |
|
Panerai |
Alessio |
|
|
Born in Prato |
(FI) |
on 06/04/1966 |
- Fiscal Code : PNRLSS66D06G999J |
|
|
Fiscal residence: |
|
Roma |
, 4812/D |
- 50047 |
Prato |
(FI) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Managing Director |
|
Gnuccoli |
Tiziana |
|
|
Born in CORTONA |
(AR) |
on 19/01/1956 |
- Fiscal Code : GNCTZN56A59D077G |
|
|
Residence: |
|
BADIOLI |
, 86 |
- 59013 |
Montemurlo |
(PO) |
- IT - |
|
Ex-Postions |
|
Board Chairman |
|
Biagioni |
Luigi |
|
|
Born in Prato |
(FI) |
on 05/11/1975 |
- Fiscal Code : BGNLGU75S05G999U |
|
|
Residence: |
|
Roma |
, 582/Z |
- 59100 |
Prato |
(PO) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
Busoni |
Domenico |
|
|
Born in Bagno Di Romagna |
(FO) |
on 22/05/1965 |
- Fiscal Code : BSNDNC65E22A565B |
|
|
Residence: |
|
Di Ricavo |
, 6 |
- 50049 |
Vaiano |
(PO) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
Leone |
Giampiero |
|
|
Born in PRATO |
(FI) |
on 01/07/1967 |
- Fiscal Code : LNEGPR67L01G999F |
|
|
Residence: |
|
DELLA REPUBBLICA |
, 25 |
- 59100 |
Prato |
(PO) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
Cipriani |
Piero Milton |
|
|
Born in Prato |
(FI) |
on 18/07/1949 |
- Fiscal Code : CPRPML49L18G999P |
|
|
Residence: |
|
Ozanam |
, 32 |
- 59100 |
Prato |
(PO) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
Biagioni |
Lorenzo |
|
|
Born in Prato |
(FI) |
on 06/06/1983 |
- Fiscal Code : BGNLNZ83H06G999L |
|
|
Residence: |
|
Della Scala |
, 15 |
- 50100 |
Firenze |
(FI) |
- IT - |
|
Ex-Postions |
|
Board Chairman |
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 1991.
The analysis is based on the latest 3 balance sheets.
Under an economic point of view, profits were registered during the last years with a r.o.e. of 52,76% in 2012 with a stable trend in the turnover.
The return on Investment in the last financial year was positive (13,89%) and reflects the field's average.
The amount of the operating result for the year 2012 is of Eur. 1.011.739 rising (+86,94%) in relation to the previous year.
The G.O.M. amounted to Eur. 1.213.783 with a 32,11% increase as opposed to the preceding year.
The ratio between shareholder's equity and borrowed capital is not well balanced, the indebtedness level is equal to 4,1 falling if compared to 2011.
Subject can manage an equity capital funds for an amount of Eur. 1.189.018 with a growth of 74,42% in 2012.
In the year 2012 total debts amounted to Eur. 5.661.173 , with no sensible variation.
Moderate recourse to bank credit while the exposure towards suppliers is rather high however still within the sector's average.
It shows a good range of liquidity.
Credits are collected in 87,79 days on the average. , shorter than the sector's average.
During financial year 2012 the cash flow amounted to Eur. 829.387
Labour cost amounts to Eur. 2.815.054, with a 17,58% incidence on production costs. , whereas the incidence on sales revenues is of 16,75%.
Limited financial charges in relation to sales volume.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
16.811.090 |
|
Profit (Loss) for the period |
627.343 |
|
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
17.930.350 |
|
Profit (Loss) for the period |
65.885 |
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
16.722.949 |
|
Profit (Loss) for the period |
161.239 |
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
|
|
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 |
0,08 |
0,08 |
0,29 |
0,29 |
|
Elasticity Ratio |
Units |
0,90 |
0,90 |
0,67 |
0,70 |
|
Availability of stock |
Units |
0,16 |
0,15 |
0,14 |
0,26 |
|
Total Liquidity Ratio |
Units |
0,74 |
0,75 |
0,53 |
0,39 |
|
Quick Ratio |
Units |
0,07 |
0,12 |
0,10 |
0,01 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
4,10 |
7,77 |
2,34 |
1,69 |
|
Self Financing Ratio |
Units |
0,16 |
0,09 |
0,21 |
0,29 |
|
Capital protection Ratio |
Units |
0,34 |
0,68 |
0,87 |
0,71 |
|
Liabilities consolidation quotient |
Units |
0,10 |
0,13 |
0,25 |
0,26 |
|
Financing |
Units |
4,76 |
9,93 |
3,41 |
2,12 |
|
Permanent Indebtedness Ratio |
Units |
0,24 |
0,19 |
0,36 |
0,45 |
|
M/L term Debts Ratio |
Units |
0,08 |
0,10 |
0,15 |
0,13 |
|
Net Financial Indebtedness Ratio |
Units |
0,49 |
1,01 |
0,39 |
0,96 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
3,09 |
2,22 |
1,22 |
1,38 |
|
Current ratio |
Units |
1,21 |
1,15 |
1,12 |
1,25 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,00 |
0,96 |
0,89 |
0,75 |
|
Structure's primary quotient |
Units |
2,10 |
1,02 |
0,71 |
0,90 |
|
Treasury's primary quotient |
Units |
0,10 |
0,16 |
0,17 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
612,59 |
1174,16 |
475,74 |
339,62 |
|
Current Capital ( net ) |
Value |
1.137.241 |
927.838 |
835.310 |
1.615.606 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
4,93 |
2,47 |
4,15 |
1,74 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
52,76 |
9,67 |
6,62 |
0,25 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
89,76 |
57,80 |
20,12 |
2,94 |
|
Return on Investment ( R.O.I. ) |
% |
13,89 |
6,76 |
2,74 |
2,31 |
|
Return/ Sales |
% |
6,02 |
3,02 |
1,90 |
2,50 |
|
Extra Management revenues/charges incid. |
% |
62,01 |
12,17 |
50,78 |
8,02 |
|
Cash Flow |
Value |
829.387 |
443.418 |
694.606 |
210.372 |
|
Operating Profit |
Value |
1.011.739 |
541.203 |
317.504 |
359.192 |
|
Gross Operating Margin |
Value |
1.213.783 |
918.736 |
850.871 |
692.382 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
87,79 |
86,62 |
95,56 |
111,18 |
|
Debts to suppliers average term |
Days |
95,87 |
106,43 |
128,77 |
104,44 |
|
Average stock waiting period |
Days |
24,57 |
23,60 |
34,01 |
86,89 |
|
Rate of capital employed return ( Turnover ) |
Units |
2,31 |
2,24 |
1,44 |
1,04 |
|
Rate of stock return |
Units |
14,65 |
15,26 |
10,58 |
4,12 |
|
Labour cost incidence |
% |
16,75 |
16,12 |
14,83 |
15,12 |
|
Net financial revenues/ charges incidence |
% |
-0,40 |
-0,45 |
-0,34 |
-2,07 |
|
Labour cost on purchasing expenses |
% |
17,58 |
16,46 |
14,48 |
14,82 |
|
Short-term financing charges |
% |
1,22 |
1,47 |
0,91 |
3,48 |
|
Capital on hand |
% |
43,33 |
44,64 |
69,27 |
95,83 |
|
Sales pro employee |
Value |
280.184 |
314.567 |
274.146 |
237.592 |
|
Labour cost pro employee |
Value |
46.917 |
50.699 |
40.669 |
33.432 |
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 |
: |
238.826 |
|
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 |
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.62.89 |
|
|
1 |
Rs.101.14 |
|
Euro |
1 |
Rs.84.42 |
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.