MIRA
INFORM REPORT
|
Report Date : |
01.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
NORDA S.P.A. |
|
|
|
|
Registered Office : |
Via Case Sparse, 103, 25124 – |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
24.12.1970 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
Manufacture of machinery and equipment |
|
|
|
|
No. of Employees : |
41 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 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.
|
Source
: CIA |
Company name and address
NORDA S.P.A.
Via Case Sparse, 103
25124 – Brescia (BS) -IT-
Summary
|
Fiscal Code |
: |
00298210170 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
24/12/1970 |
|
Equity |
: |
2.000.000 |
|
Turnover Range |
: |
9.000.000/10.000.000 |
|
Number of Employees |
: |
from 36 to 50 |
Activity
MANUFACTURE OF MACHINERY AND EQUIPMENT N.E.C.
Legal Data
Legal Form : Joint stock company
|
Fiscal Code : 00298210170 |
|
Foreign Trade Reg. no. : BS010501 since 13/12/1991 |
|
Chamber of Commerce no. : 178823 of Brescia since 01/03/1971 |
|
Firms' Register : BS029-8882 of Brescia since 19/02/1996 |
|
V.A.T. Code : 00298210170 |
|
Establishment date |
: 24/12/1970 |
|
|
Start of Activities |
: 24/12/1970 |
|
|
Legal duration |
: 31/12/2100 |
|
|
Nominal Capital |
: 300.000 |
|
|
Subscribed Capital |
: 300.000 |
|
|
Paid up Capital |
: 300.000 |
|
Members
|
|
Andersson |
Tord Evald |
|
|
|
Born in Jung |
( ) |
on 23/02/1956 |
- Fiscal Code : NDRTDV56B23Z132J |
|
|
|
Residence: |
Svezia |
- SE - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
04/06/2012 |
|
|
|
Director |
13/09/2006 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Castellani |
Gian Mario |
|
|
|
Born in Cortona |
(AR) |
on 08/06/1949 |
- Fiscal Code : CSTGMR49H08D077E |
|
|
|
Residence: |
|
Paolo Vi |
- 25060 |
Cellatica |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
04/06/2012 |
|
|
|
Director |
04/06/2012 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Jonson |
Evert Michael |
|
|
|
Born in Kumla |
( ) |
on 17/06/1957 |
- Fiscal Code : JNSVTM57H17Z132Z |
|
|
|
Residence: |
Boltensternsvagen |
, 35 |
Holliviken |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
04/06/2012 |
|
|
|
|
Automation, Press And Tooling, A.p. E T. |
Ab |
|
|
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
|
|
|
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.
|
|
Andersson |
Tord Evald |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Dienne S.r.l. |
Brescia (BS) - IT - |
03221110178 |
Director |
Withdrawn |
Registered |
|
|
Castellani |
Gian Mario |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Dienne S.r.l. |
Brescia (BS) - IT - |
03221110178 |
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.
Capital Shareholders
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Automation, Press And Tooling, A.p. E T. Ab |
|
|
299.700 .Eur |
99,90 |
|
Ap E T Sweden Ab |
|
|
300 .Eur |
0,10 |
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 |
|
Apicaf S.p.a. |
Varese - IT - |
02522640123 |
1 .Eur |
|
|
|
Active |
|
Consorzio Bresciano Per La Ricerca Appli Cata E L'innovazione Tecnologica
Nel Se |
Brescia - IT - |
03067310171 |
351 .Eur |
0,04 |
|
|
Active |
Firm's location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
|
|
|
|
|
|
Case Sparse |
, 103 |
- 25100 |
- Brescia |
(BS) |
- IT - |
|
|
|
|
PHONE |
: 0302165311 |
|
|
|
|
FAX |
: 0302165350 |
|
|
|
|
Employees |
: 41 |
|
Fittings and Equipment for a value of 280.000 |
Eur |
|
Stocks for a value of 1.000.000 |
Eur |
Trade organization: direct or by agents.
Sales are mainly addressed to Northern Italy
Transports are mainly done using own vehicles and third parties ones
The company 's mainly customers are companies.
|
|
Export represents from 20% to 50% of the global turnover.
Products abroad are placed by :
|
- importers |
|
- direct orders from foreign companies |
Company uses to accept the following term of sales: 30-60-90 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.
Historical Information and/or
Firm's Status
EX-MEMBERS / EX-POSITIONS:
|
|
Pipperi |
Luigi |
|
|
|
Born in Pontevico |
(BS) |
on 27/06/1940 |
- Fiscal Code : PPPLGU40H27G859H |
|
|
|
Residence: |
|
Capoluogo |
, 6 |
- 25026 |
Pontevico |
(BS) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
Mattson |
Per Arne |
|
|
|
Born in Blidsberg |
( ) |
on 26/04/1954 |
- Fiscal Code : MTTPRN54D26Z132F |
|
Ex-Postions |
|
Director |
|
|
Pipperi |
Claudio |
|
|
|
Born in Pontevico |
(BS) |
on 24/08/1970 |
- Fiscal Code : PPPCLD70M24G859X |
|
|
|
Residence: |
|
Marconi |
, 30 |
- 25026 |
Pontevico |
(BS) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Wannehag Lindahl |
Mats Urban |
|
|
|
Born in Svezia |
( ) |
on 14/07/1964 |
- Fiscal Code : WNNMSR64L14Z132G |
|
|
|
Residence: |
Hallonvagen |
, 12 |
Svezia |
- SE - |
|
Ex-Postions |
|
Director |
|
|
Bertelli |
Francesca |
|
|
|
Born in Brescia |
(BS) |
on 07/05/1970 |
- Fiscal Code : BRTFNC70E47B157Y |
|
|
|
Residence: |
|
Pietro Marone |
, 26 |
- 25100 |
Brescia |
(BS) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Perazzi |
Vittorio |
|
|
|
Born in Toscolano Maderno |
(BS) |
on 18/02/1940 |
- Fiscal Code : PRZVTR40B18L312S |
|
|
|
Residence: |
|
Bornata |
, 117 |
- 25100 |
Brescia |
(BS) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
CEASINGS/INCORPORATIONS/MERGES:
|
|
The firm absorved |
|
|
|
|
|
|
|
|
Valcamonica |
, 14/F |
, 25100 |
, Brescia |
(BS) |
- IT - |
|
|
|
Fiscal Code: 03221110178 |
|
|
|
Date |
: |
16/04/1996 |
|
|
The firm absorbed by merging of |
|
|
|
|
|
|
|
|
Valcamonica |
, 14/F |
, 25100 |
, Brescia |
(BS) |
- IT - |
|
|
|
Fiscal Code: 03221110178 |
|
|
|
Date |
: |
16/04/1996 |
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 1970.
The analysis is based on the latest 3 balance sheets.
During the last years, it achieved profits (r.o.e. 21,36% on 2013) but
without a significant increase in the turnover.
The operating result in 2013 was positive (8,36%) and in line with the
sector's average.
The amount of the operating result for the year 2013 is of Eur. 694.696
on stable levels if compared to the previous year.
The economic management produced a gross operating margin of Eur.
774.077 with no sensible increase as against 2012.
The financial status of the company is fairly balanced with an
indebtedness level of 2,24 yet on the increase as against the previous
accounting period.
Subject can manage an equity capital funds for an amount of Eur.
1.992.087 on stable levels.
During the last financial year total debts volume reached Eur. 5.173.516
(Eur. 658.668 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.
Trade credits average terms are slow, on average 194,33 days. and higher
than the average of the sector.
The financial management generated a cash flow of Eur. 497.917.
Subordinate employment cost is of Eur. 2.854.774, i.e. 36,1% on total production
costs. , whereas 28,94% is the incidence on sales revenues.
The financial charges do not negatively affect the management, as they
are covered by the incomes.
Financial Data
|
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
9.863.020 |
|
Profit (Loss) for the period |
425.518 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
9.326.415 |
|
Profit (Loss) for the period |
402.342 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.971.548 |
|
Profit (Loss) for the period |
49.577 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.231.585 |
|
Profit (Loss) for the period |
53.225 |
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 31/12/2013 - 12 Mesi - Currency: - Amounts x 1 |
|
- 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 |
|
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|
|
PROFIT AND LOSS ACCOUNTS |
|
VALUE OF PRODUCTION |
|
|
|
|
. Revenues from sales and services |
9.863.020 |
9.326.415 |
5.971.550 |
|
. Changes in work in progress |
-1.322.641 |
653.008 |
1.024.060 |
|
. Changes in semi-manufact. products |
|
|
|
|
. Capitalization of internal work |
|
|
|
|
. Other income and revenues |
61.370 |
63.369 |
47.873 |
|
. . Contributions for operating expenses |
|
|
|
|
. . Different income and revenues |
61.370 |
63.369 |
47.873 |
|
Total value of production |
8.601.749 |
10.042.792 |
7.043.483 |
|
PRODUCTION COSTS |
|
|
|
|
. Raw material,other materials and consum. |
3.290.174 |
4.504.798 |
3.438.447 |
|
. Services received |
1.643.004 |
1.482.396 |
929.382 |
|
. Leases and rentals |
40.744 |
34.495 |
54.718 |
|
. Payroll and related costs |
2.854.774 |
2.886.302 |
2.619.971 |
|
. . Wages and salaries |
2.079.432 |
2.093.925 |
1.827.725 |
|
. . Social security contributions |
632.448 |
637.774 |
623.204 |
|
. . Employee termination indemnities |
142.894 |
154.603 |
169.042 |
|
. . Pension and similar |
|
|
|
|
. . Other costs |
|
|
|
|
. Amortization and depreciation |
72.399 |
86.901 |
79.103 |
|
. . Amortization of intangible fixed assets |
3.141 |
12.293 |
12.152 |
|
. . Amortization of tangible fixed assets |
42.398 |
64.865 |
55.380 |
|
. . Depreciation of tangible fixed assets |
|
|
|
|
. . Writedown of current receiv.and of liquid |
26.860 |
9.743 |
11.571 |
|
. Changes in raw materials |
-27.365 |
314.432 |
-319.830 |
|
. Provisions to risk reserves |
|
|
|
|
. Other provisions |
6.982 |
4.591 |
3.236 |
|
. Other operating costs |
26.341 |
27.060 |
12.518 |
|
Total production costs |
7.907.053 |
9.340.975 |
6.817.545 |
|
Diff. between value and cost of product. |
694.696 |
701.817 |
225.938 |
|
FINANCIAL INCOME AND EXPENSE |
|
|
|
|
. Income from equity investments |
|
|
|
|
. . In subsidiary companies |
|
|
|
|
. . In associated companies |
|
|
|
|
. . In other companies |
|
|
|
|
. Other financial income |
29.763 |
38.135 |
14.490 |
|
. . 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 |
|
|
14.490 |
|
. . . - Subsidiary companies |
|
|
|
|
. . . - Associated companies |
|
|
|
|
. . . - Holding companies |
|
|
|
|
. . . - Other companies |
|
|
14.490 |
|
. Interest and other financial expense |
-26.948 |
-34.009 |
-46.600 |
|
. . Towards subsidiary companies |
|
|
|
|
. . Towards associated companies |
|
|
|
|
. . Towards holding companies |
|
|
|
|
. . Towards other companies |
|
|
46.600 |
|
Total financial income and expense |
2.815 |
4.126 |
-32.110 |
|
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 |
13.041 |
389 |
3.050 |
|
. . Gains on disposals |
|
|
|
|
. . Other extraordinary income |
13.041 |
389 |
3.050 |
|
. Extraordinary expense |
-12 |
-2.639 |
-1.061 |
|
. . Losses on disposals |
|
|
|
|
. . Taxes relating to prior years |
|
|
|
|
. . Other extraordinary expense |
-12 |
-2.639 |
-1.061 |
|
Total extraordinary income and expense |
13.029 |
-2.250 |
1.989 |
|
Results before income taxes |
710.540 |
703.693 |
195.817 |
|
. Taxes on current income |
285.022 |
301.351 |
146.240 |
|
. . current taxes |
285.022 |
301.351 |
146.240 |
|
. . differed taxes(anticip.) |
|
|
|
|
. Net income for the period |
425.518 |
402.342 |
49.577 |
|
. Adjustments in tax regulations pursuance |
|
|
|
|
. Provisions in tax regulations pursuance |
|
|
|
|
. Profit (loss) of the year |
425.518 |
402.342 |
49.577 |
|
RATIOS |
Value Type |
as
at 31/12/2013 |
as
at 31/12/2012 |
as
at 31/12/2011 |
Sector
Average |
|
COMPOSITION ON INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,09 |
0,09 |
0,09 |
0,16 |
|
Elasticity Ratio |
Units |
0,91 |
0,91 |
0,91 |
0,82 |
|
Availability of stock |
Units |
0,12 |
0,29 |
0,26 |
0,20 |
|
Total Liquidity Ratio |
Units |
0,79 |
0,62 |
0,66 |
0,56 |
|
Quick Ratio |
Units |
0,01 |
0,31 |
0,26 |
0,04 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
2,24 |
1,13 |
1,86 |
3,10 |
|
Self Financing Ratio |
Units |
0,24 |
0,22 |
0,17 |
0,19 |
|
Capital protection Ratio |
Units |
0,64 |
0,59 |
0,73 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,28 |
0,31 |
0,36 |
0,16 |
|
Financing |
Units |
2,60 |
3,01 |
4,06 |
4,16 |
|
Permanent Indebtedness Ratio |
Units |
0,39 |
0,39 |
0,38 |
0,38 |
|
M/L term Debts Ratio |
Units |
0,15 |
0,17 |
0,21 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
0,42 |
0,00 |
0,00 |
0,02 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
4,44 |
4,56 |
4,48 |
1,80 |
|
Current ratio |
Units |
1,68 |
1,66 |
1,59 |
1,24 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,45 |
1,13 |
1,14 |
0,96 |
|
Structure's primary quotient |
Units |
2,73 |
2,54 |
2,02 |
1,18 |
|
Treasury's primary quotient |
Units |
0,01 |
0,56 |
0,44 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
416,95 |
462,09 |
581,72 |
534,62 |
|
Current Capital ( net ) |
Value |
3.052.268 |
2.867.578 |
2.580.527 |
881.162 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
5,05 |
5,25 |
2,15 |
3,66 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
21,36 |
23,44 |
3,77 |
8,90 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
35,67 |
40,99 |
14,90 |
19,94 |
|
Return on Investment ( R.O.I. ) |
% |
8,36 |
8,85 |
2,96 |
5,24 |
|
Return/ Sales |
% |
7,04 |
7,53 |
3,78 |
4,57 |
|
Extra Management revenues/charges incid. |
% |
61,25 |
57,33 |
21,94 |
35,24 |
|
Cash Flow |
Value |
497.917 |
489.243 |
128.680 |
214.985 |
|
Operating Profit |
Value |
694.696 |
701.817 |
225.938 |
310.321 |
|
Gross Operating Margin |
Value |
774.077 |
793.309 |
308.277 |
419.513 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
194,33 |
74,41 |
138,81 |
117,11 |
|
Debts to suppliers average term |
Days |
100,41 |
119,06 |
155,52 |
124,74 |
|
Average stock waiting period |
Days |
36,48 |
88,58 |
117,93 |
56,77 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,19 |
1,18 |
0,78 |
1,11 |
|
Rate of stock return |
Units |
9,87 |
4,06 |
3,05 |
6,23 |
|
Labour cost incidence |
% |
28,94 |
30,95 |
43,87 |
17,11 |
|
Net financial revenues/ charges incidence |
% |
0,03 |
0,04 |
-0,54 |
-0,80 |
|
Labour cost on purchasing expenses |
% |
36,10 |
30,90 |
38,43 |
17,78 |
|
Short-term financing charges |
% |
0,52 |
0,66 |
0,87 |
2,20 |
|
Capital on hand |
% |
84,21 |
85,05 |
128,02 |
89,56 |
|
Sales pro employee |
Value |
253.482 |
242.748 |
73.722 |
208.953 |
|
Labour cost pro employee |
Value |
73.368 |
75.124 |
32.345 |
36.854 |
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 |
: |
|
1.169.259Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
|
|
- per non food products |
: |
|
|
- per energy consume |
: |
|
Statistical Detrimental Data
Statistcally the trade activity shows periods of crisis.
The area is statistically considered moderately risky.
In the region 50.886 protested subjects are found; in the province they count
to 5.551.
The insolvency index for the region is 0,55, , while for the province it
is 0,48.
Total Bankrupt companies in the province : 3.452.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.25 |
|
|
1 |
Rs.101.92 |
|
Euro |
1 |
Rs.80.70 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
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.