|
Report Date : |
29.04.2014
|
IDENTIFICATION DETAILS
|
Name : |
ARAV KIDS S.P.A. |
|
|
|
|
Registered Office : |
Localita' Pagliarelle, SN 80030 - San Vitaliano (NA) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
06.11.2008 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
Retail sale of clothing in specialised stores |
|
|
|
|
No. of Employees |
From 26 to 35 |
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 : |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 higher. 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 133% of GDP in 2013, but investor concerns about Italy and the broader euro-zone crisis eased in 2013, bringing down Italy's borrowing costs on sovereign government debt from euro-era. The government still faces pressure from investors and European partners to sustain its efforts to address Italy's long-standing structural impediments to growth, such as labor market inefficiencies and widespread tax evasion. In 2013 economic growth and labor market conditions deteriorated, with growth at -1.8% and unemployment rising to 12.4%, with youth unemployment around 40%. Italy's GDP is now 8% below its 2007 pre-crisis level
ARAV KIDS S.P.A.
Localita' Pagliarelle, SN
80030 - San Vitaliano (NA) -IT-
|
Fiscal Code |
: |
06189741215 |
|
Legal Form |
: |
Joint stock company |
|
Establishment Date |
: |
06/11/2008 |
|
Equity |
: |
2.000.000 |
|
Turnover Range |
: |
25.000.000/35.000.000 |
|
Number of Employees |
: |
from 26 to 35 |
Retail sale of clothing in specialised stores
Legal Form : Joint stock company
|
Fiscal Code : 06189741215 |
|
Chamber of Commerce no. : 276764 of Caserta |
|
Chamber of Commerce no. : 67467 of Enna |
|
Chamber of Commerce no. : 800723 of Napoli since 19/11/2008 |
|
V.A.T. Code : 06189741215 |
|
Establishment date |
: 06/11/2008 |
|
|
Legal duration |
: 31/12/2040 |
|
|
Nominal Capital |
: 2.420.000 |
|
|
Subscribed Capital |
: 2.420.000 |
|
|
Paid up Capital |
: 2.420.000 |
OFFICE ADDRESS
Cis Di Nola Isola 3 - Lotto 323- 80035 Nola (Na) Italy
|
Nagar |
Paolo |
|
Born in Napoli |
(NA) |
on 08/07/1967 |
- Fiscal Code : NGRPLA67L08F839Q |
|
Residence: |
Dei Martiri |
, 30 |
- 80121 |
Napoli |
(NA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
05/06/2013 |
|
Ammaturo |
Giuseppe |
|
Born in Palma Campania |
(NA) |
on 15/02/1969 |
- Fiscal Code : MMTGPP69B15G283C |
|
Residence: |
Nuova Sarno |
, 558 |
- 80036 |
Palma Campania |
(NA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
05/06/2013 |
||
|
Director |
05/06/2013 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Pricewaterhousecoopers S.p.a. In Breve |
Pwc |
|
Residence: |
Monte Rosa |
, 91 |
- 20149 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Auditor |
18/12/2013 |
|
Marano Nunziata |
Anna Maria Gaetana |
|
Born in San Gennaro Vesuviano |
(NA) |
on 30/08/1972 |
- Fiscal Code : MRNNMR72M70H860Z |
|
Residence: |
Nuova Sarno |
, 558 |
- 80036 |
Palma Campania |
(NA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
05/06/2013 |
||
|
Managing Director |
05/06/2013 |
|
Prejudicial Events found with cancellations* |
Legal Mortgage - 23/02/2006. - 10.667 Euro. Event writing-off
|
GEST LINE S. P. A. |
|
No Protests registered |
|
Oliva |
Pietro |
|
Born in Scafati |
(SA) |
on 13/09/1963 |
- Fiscal Code : LVOPTR63P13I483N |
|
Residence: |
Rivolta |
, 25 |
- 80040 |
Striano |
(NA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
05/06/2013 |
|
Mg S.p.a. |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
No Prejudicial events are reported |
|
No Protests registered |
*Concerns also partially erased events.
*checkings have been performed on a national scale.
In this module are listed the companies in which members hold or have holded positions.
|
Ammaturo |
Giuseppe |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
G.a.d.a. L'abbigliamento Per I Bambini Di Ammaturo Giuseppe E C. S.a.s. |
Palma Campania (NA) - IT - |
05768940636 |
General Partner |
Withdrawn |
Registered |
|
Mg S.r.l. |
San Vitaliano (NA) - IT - |
03627721214 |
Sole Director |
Active |
Registered |
|
Megi S.r.l. |
Nola (NA) - IT - |
06970791213 |
Director |
Active |
Registered |
|
Megi S.r.l. |
Nola (NA) - IT - |
06970791213 |
Board Chairman |
Active |
Registered |
|
Arav Fashion S.p.a. |
San Vitaliano (NA) - IT - |
07433471211 |
Director |
Active |
Registered |
|
Arav Fashion S.p.a. |
San Vitaliano (NA) - IT - |
07433471211 |
Board Chairman |
Active |
Registered |
|
Rovi S.r.l. |
Napoli (NA) - IT - |
06970691215 |
Sole Director |
Active |
Registered |
|
Marano Nunziata |
Anna Maria Gaetana |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Conf.amm. S.a.s. Di Marano Nunziata AnnaMaria Gaetana |
Palma Campania (NA) - IT - |
03372921217 |
General Partner |
Withdrawn |
Ceased |
|
Arav Holding S.r.l. A Socio Unico |
Palma Campania (NA) - IT - |
02626781211 |
Sole Director |
Withdrawn |
Registered |
|
Arav Holding S.r.l. A Socio Unico |
Palma Campania (NA) - IT - |
02626781211 |
General Partner |
Withdrawn |
Registered |
|
Arav Holding S.r.l. A Socio Unico |
Palma Campania (NA) - IT - |
02626781211 |
Sole partner |
Withdrawn |
Registered |
|
Arav Trade S.r.l. A Socio Unico In Liquidazione |
Nola (NA) - IT - |
04247561212 |
Sole partner |
Withdrawn |
In liquidation |
|
Mg S.r.l. |
San Vitaliano (NA) - IT - |
03627721214 |
Sole Director |
Withdrawn |
Registered |
|
Mg S.r.l. |
San Vitaliano (NA) - IT - |
03627721214 |
Sole partner |
Withdrawn |
Registered |
|
Sh Group S.r.l. |
Napoli (NA) - IT - |
06721101217 |
Director |
Withdrawn |
Registered |
|
Megi S.r.l. |
Nola (NA) - IT - |
06970791213 |
Managing Director |
Active |
Registered |
|
Megi S.r.l. |
Nola (NA) - IT - |
06970791213 |
Director |
Active |
Registered |
|
Arav Fashion S.p.a. |
San Vitaliano (NA) - IT - |
07433471211 |
Managing Director |
Active |
Registered |
|
Arav Fashion S.p.a. |
San Vitaliano (NA) - IT - |
07433471211 |
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 |
|
Oliva Pietro |
Striano - IT - |
LVOPTR63P13I483N |
48.000 .Eur |
1,98 |
|
Mg S.p.a. |
03627721214 |
2.372.000 .Eur |
98,01 |
The Company under review has no participations in other Companies.
In order to carry out its activities the firm uses the following locations:
|
- |
Legal and operative seat |
|
Pagliarelle |
, SN |
- 80030 |
- San Vitaliano |
(NA) |
- IT - |
|
Total Surface: 100 Sq.mt. |
|
- |
Branch |
(Shop) |
since 30/07/2012 |
|
Provinciale Per Nola |
, SNC |
- 80030 |
- San Vitaliano |
(NA) |
- IT - |
|
- |
Branch |
(Shop) |
since 01/10/2012 |
|
Provinciale 336 |
, SNC |
- 81025 |
- Marcianise |
(CE) |
- IT - |
|
Total Surface: 132 Sq.mt. |
|
- |
Branch |
(Shop) |
since 23/04/2013 |
|
Mandre Bianche |
, SNC |
- 94011 |
- Agira |
(EN) |
- IT - |
|
Total Surface: 61 Sq.mt. |
|
Employees |
: 28 |
|
Fittings and Equipment for a value of 24.000 |
Eur |
|
Stocks for a value of 5.850.000 |
Eur |
EX-MEMBERS / EX-POSITIONS:
|
Garrone |
Marco |
|
Born in Milano |
(MI) |
on 03/02/1963 |
- Fiscal Code : GRRMRC63B03F205G |
|
Residence: |
Ruffini Fratelli |
, 10 |
- 20123 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
Ammaturo |
Giuseppe |
|
Born in Palma Campania |
(NA) |
on 15/02/1969 |
- Fiscal Code : MMTGPP69B15G283C |
|
Residence: |
Nuova Sarno |
, 558 |
- 80036 |
Palma Campania |
(NA) |
- IT - |
|
Ex-Postions |
|
Sole Director |
|
Busnach |
Piero Alberto |
|
Born in Alessandria D'egitto |
( ) |
on 09/08/1954 |
- Fiscal Code : BSNPLB54M09Z336I |
|
Residence: |
De Togni Aristide |
, 10 |
- 20123 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
Bontempelli |
Mauro Dario |
|
Born in Milano |
(MI) |
on 22/02/1954 |
- Fiscal Code : BNTMDR54B22F205G |
|
Residence: |
Domenichino |
, 49 |
- 20149 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
Maresca |
Maurizio |
|
Born in Positano |
(SA) |
on 16/08/1946 |
- Fiscal Code : MRSMRZ46M16G932U |
|
Residence: |
Caracciolo |
, 71 |
- 80062 |
Meta |
(NA) |
- IT - |
|
Ex-Postions |
|
Assistant board Chairman |
|
Director |
|
Giove |
Giuseppe |
|
Born in Gioia del Colle |
(BA) |
on 31/12/1974 |
- Fiscal Code : GVIGPP74T31E038O |
|
Residence: |
G. DI VITTORIO |
, 29 |
- 70023 |
Gioia del Colle |
(BA) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
Stea |
Patrizio |
|
Born in Bari |
(BA) |
on 22/05/1974 |
- Fiscal Code : STEPRZ74E22A662V |
|
Ex-Postions |
|
Permanent Auditor |
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.
Company's starting of activities dates back to 2008.
The economic-financial analysis has been made on the base of the b/s of the latests three years.
Unstable economic results mark the company's financial state of affairs. ; in the last financial year a loss was registered (r.o.e. -76,26%) Upward trend as to the turnover in the last financial year (+13,06%).
A loss is registered as to the operating result (-4,33%).
The operating result is negative (Eur. -776.922).
At the end of the latest financial year, a negative gross operating margin of Eur. -151.228 was registered.
The ratio between shareholder's equity and borrowed capital is not well balanced, the indebtedness level is equal to 8,21 which is also improving if compared to the previous year.
The management generated equity capital for an amount of Eur. 1.540.675 , falling in comparison with the year before.
During the last financial year total debts volume reached Eur. 16.044.916 (Eur. 659.244 were m/l term ones) with no important change.
Moderate recourse to bank credit while the exposure towards suppliers is rather high but lined up with the field's average.
The available funds are good.
As far as the collection of credit goes, the average is high (114,94 days). also in relation to the average of the sector.
Cash flow is negative at the end of financial year 2012.
Subordinate employment cost is of Eur. 506.272, i.e. 1,87% on total production costs. , with a 1,94% incidence on turnover.
The incidence of the financial charges is of -1,18% on the sales amount.
|
Complete balance-sheet for the year |
31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
26.120.239 |
|
Profit (Loss) for the period |
-1.174.866 |
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
23.102.466 |
|
Profit (Loss) for the period |
216.549 |
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
14.378.540 |
|
Profit (Loss) for the period |
101.303 |
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 |
0,03 |
0,03 |
0,06 |
0,13 |
|
Elasticity Ratio |
Units |
0,97 |
0,95 |
0,92 |
0,85 |
|
Availability of stock |
Units |
0,33 |
0,41 |
0,30 |
0,54 |
|
Total Liquidity Ratio |
Units |
0,64 |
0,55 |
0,62 |
0,22 |
|
Quick Ratio |
Units |
0,15 |
0,08 |
0,21 |
0,04 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
8,21 |
4,48 |
38,03 |
4,36 |
|
Self Financing Ratio |
Units |
0,09 |
0,16 |
0,02 |
0,14 |
|
Capital protection Ratio |
Units |
0,19 |
0,40 |
-0,11 |
0,56 |
|
Liabilities consolidation quotient |
Units |
0,04 |
0,00 |
0,14 |
0,15 |
|
Financing |
Units |
10,41 |
4,96 |
57,99 |
5,86 |
|
Permanent Indebtedness Ratio |
Units |
0,12 |
0,17 |
0,14 |
0,31 |
|
M/L term Debts Ratio |
Units |
0,04 |
0,00 |
0,12 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
0,56 |
0,84 |
12,76 |
0,98 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
4,27 |
4,97 |
2,32 |
2,02 |
|
Current ratio |
Units |
1,13 |
1,17 |
1,08 |
1,15 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,75 |
0,67 |
0,73 |
0,36 |
|
Structure's primary quotient |
Units |
2,96 |
4,93 |
0,28 |
1,06 |
|
Treasury's primary quotient |
Units |
0,18 |
0,10 |
0,25 |
0,07 |
|
Rate of indebtedness ( Leverage ) |
% |
1165,78 |
608,92 |
5966,20 |
707,22 |
|
Current Capital ( net ) |
Value |
2.008.432 |
2.272.691 |
717.201 |
61.776 |
|
RETURN |
|||||
|
Return on Sales |
% |
-2,66 |
1,86 |
1,70 |
2,62 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-76,26 |
7,97 |
56,10 |
6,19 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-75,58 |
19,47 |
116,80 |
15,72 |
|
Return on Investment ( R.O.I. ) |
% |
-4,33 |
5,27 |
3,07 |
3,25 |
|
Return/ Sales |
% |
-2,97 |
3,77 |
2,30 |
2,94 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
24,84 |
30,68 |
31,16 |
|
Cash Flow |
Value |
-694.683 |
429.328 |
244.058 |
20.178 |
|
Operating Profit |
Value |
-776.922 |
871.668 |
330.215 |
23.558 |
|
Gross Operating Margin |
Value |
-151.228 |
1.265.099 |
539.877 |
40.605 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
114,94 |
117,26 |
107,29 |
26,46 |
|
Debts to suppliers average term |
Days |
133,43 |
102,06 |
101,89 |
152,76 |
|
Average stock waiting period |
Days |
80,67 |
104,74 |
80,43 |
158,60 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,45 |
1,40 |
1,33 |
1,10 |
|
Rate of stock return |
Units |
4,46 |
3,44 |
4,48 |
2,21 |
|
Labour cost incidence |
% |
1,94 |
2,16 |
1,79 |
10,29 |
|
Net financial revenues/ charges incidence |
% |
-1,18 |
-1,26 |
-0,82 |
-1,31 |
|
Labour cost on purchasing expenses |
% |
1,87 |
2,22 |
1,81 |
10,25 |
|
Short-term financing charges |
% |
1,95 |
2,17 |
1,14 |
2,10 |
|
Capital on hand |
% |
68,76 |
71,57 |
74,92 |
90,76 |
|
Sales pro employee |
Value |
1.088.343 |
1.540.164 |
1.797.317 |
267.102 |
|
Labour cost pro employee |
Value |
21.094 |
33.298 |
32.233 |
30.754 |
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 |
: |
3.092.859 |
|
Population living in the region |
: |
5.788.986 |
|
Number of families in the region |
: |
1.966.064 |
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
475 |
|
- per non food products |
: |
1.304 |
|
- per energy consume |
: |
79 |
Sector Data
The values are calculated on a base of 2.211 significant companies.
The companies cash their credits on an average of 26 dd.
The average duration of suppliers debts is about 153 dd.
The sector's profitability is on an average of 2,62%.
The labour cost affects the turnover in the measure of 10,29%.
Goods are held in stock in a range of 159 dd.
The difference between the sales volume and the resources used to realize it is about 1,10.
The employees costs represent the 10,25% of the production costs.
Statistically the trade activity passes through serious crises.
The area is statistically considered remarkably risky.
In the region 80.616 protested subjects are found; in the province they count to 41.815.
The insolvency index for the region is 1,40, , while for the province it is 1,36.
Total Bankrupt companies in the province : 18.217.
Total Bankrupt companies in the region : 28.514.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.50 |
|
|
1 |
Rs.101.69 |
|
Euro |
1 |
Rs.83.62 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.