|
Report Date : |
02.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
VALCUCINE S.P.A. |
|
|
|
|
Registered Office : |
Via L. Savio, 11 33170 – |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
17.03.1980 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
Manufacture of kitchen furniture |
|
|
|
|
No. of Employees |
From 150 to 175 |
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 |
VALCUCINE S.P.A.
Via L. Savio, 11
33170 - Pordenone (PN) -IT-
|
Fiscal Code |
: |
00407160936 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
17/03/1980 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
25.000.000/35.000.000 |
|
Number of Employees |
: |
from 150 to 175 |
Manufacture of kitchen furniture
Legal Form : Joint stock company
|
Fiscal Code : 00407160936 |
|
Foreign Trade Reg. no. : PN004297 since 23/12/1991 |
|
Foreign Trade Reg. no. : 4297 of Pordenone |
|
Chamber of Commerce no. : 1933613 of Milano |
|
Chamber of Commerce no. : 28955 of Pordenone since 23/04/1980 |
|
V.A.T. Code : 00407160936 |
|
Tribunal Co. Register : 4367 of since 09/05/1980 |
|
Foundation date |
: 17/03/1980 |
|
|
Establishment date |
: 17/03/1980 |
|
|
Start of Activities |
: 17/03/1980 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 2.064.000 |
|
|
Subscribed Capital |
: 2.064.000 |
|
|
Paid up Capital |
: 2.064.000 |
|
|
Cappellotti Giovanni Dino |
|
|
|
Born in BRUGNERA |
(PN) |
on 29/10/1939 |
- Fiscal Code : CPPGNN39R29B215Z |
|
|
Residence: |
|
TAGLIO |
, 70 |
- 33070 |
Brugnera |
(PN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
|
|
No Prejudicial events are reported |
|
No Protests registered |
|
Corbetta |
Franco |
|
|
Born in Pramaggiore |
(VE) |
on 29/01/1935 |
- Fiscal Code : CRBFNC35A29G981Q |
|
|
Residence: |
|
Spellanzon |
, 80 |
- 31015 |
Conegliano |
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
|
|
No Prejudicial events are reported |
|
No Protests registered |
|
Centazzo |
Gabriele |
|
|
Born in Maniago |
(PN) |
on 01/04/1949 |
- Fiscal Code : CNTGRL49D01E889E |
|
|
Residence: |
|
Micela |
, 30 |
- 33084 |
Cordenons |
(PN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
|
|
No Prejudicial events are reported |
|
No Protests registered |
|
Corbetta |
Emidio |
|
|
Born in San Dona' di Piave |
(VE) |
on 03/06/1965 |
- Fiscal Code : CRBMDE65H03H823U |
|
|
Residence: |
|
Spellanzon |
, 77 |
- 31015 |
Conegliano |
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
09/05/2012 |
|
|
|
Managing Director |
10/09/2013 |
|
|
|
No Prejudicial events are reported |
|
No Protests registered |
|
Verardo |
Irina |
|
|
Born in Sacile |
(PN) |
on 30/04/1974 |
- Fiscal Code : VRRRNI74D70H657E |
|
|
Residence: |
Aldo Moro |
, 5 |
- 33070 |
Brugnera |
(PN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
09/05/2012 |
|
|
|
Managing Director |
10/09/2013 |
|
|
|
No Prejudicial events are reported |
|
No Protests registered |
|
Verardo Silvio |
|
|
|
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
|
|
No Prejudicial events are reported |
|
No Protests registered |
|
Cappellotto |
Leandro |
|
|
Born in Germania |
( ) |
on 11/05/1971 |
- Fiscal Code : CPPLDR71E11Z112N |
|
|
Residence: |
|
Sistiana Int 2 Scala A |
, 1 |
- 33170 |
Pordenone |
(PN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
09/05/2012 |
|
|
|
Managing Director |
10/09/2013 |
|
|
|
Board Chairman |
05/04/2014 |
|
|
|
No Prejudicial events are reported |
|
No Protests registered |
*checkings have been performed on a national scale.
In this module are listed the companies in which members hold or have holded positions.
|
Cappellotto |
Leandro |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
DOMUS DI CAPPELLOTTO GIOVANNI eamp; C. S.A.S. |
Brugnera (PN) - IT - |
01170150930 |
Limited Partner |
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.
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Cappellotti Giovanni Dino |
Brugnera - IT - |
CPPGNN39R29B215Z |
516.000 .Eur |
25,00 |
|
Corbetta Franco |
Conegliano - IT - |
CRBFNC35A29G981Q |
516.000 .Eur |
25,00 |
|
Centazzo Gabriele |
Cordenons - IT - |
CNTGRL49D01E889E |
516.000 .Eur |
25,00 |
|
Verardo Silvio |
|
VRRSLV44B21B215J |
516.000 .Eur |
25,00 |
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares Amount |
% Ownership |
since |
until |
Share Status |
|
Rete - Impresa Societa' Consortile A Res ponsabilita' Limitata |
Maniago - IT - |
01251320931 |
65 .Eur |
0,10 |
|
|
Active |
|
Pordenone Energia - Societa' Consortile Per Azioni |
Pordenone - IT - |
01400720932 |
250 .Eur |
0,06 |
|
|
Active |
In order to carry out its activities the firm uses the following locations:
|
- |
Legal and operative seat |
|
since 17/03/1980 |
|
|
|
|
|
|
L. Savio |
, 11 |
- 33170 |
- Pordenone |
(PN) |
- IT - |
|
|
|
|
PHONE |
: 0434517911 |
|
|
|
|
FAX |
: 0434572344 |
|
- |
Branch |
(Store) |
since 01/01/2007 |
|
|
|
|
|
|
Silverio Gatti |
- 33170 |
- Pordenone |
(PN) |
- IT - |
|
- |
Branch |
(Store) |
since 01/06/2013 |
|
|
|
|
|
|
Delle Crede |
, 7/A |
- 33170 |
- Pordenone |
(PN) |
- IT - |
|
- |
Branch |
|
since 01/06/2010 |
|
|
|
|
|
|
Garibaldi Giuseppe |
, 99 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
|
|
|
Total Surface: 10 Sq.mt. |
|
|
|
|
Employees |
: 167 |
|
Fittings and Equipment for a value of 1.670.000 |
Eur |
|
Stocks for a value of 6.040.000 |
Eur |
|
Vehicles for a value of 34.000 |
Eur |
|
|
The firm operates abroad as importer / exporter..
To purchase foreign products the firm uses the following channels :
|
- direct orders to foreign companies |
Export represents up to 20% of the global turnover.
Products abroad are placed by :
|
- importers |
|
- its own sales net-work |
|
- direct orders from foreign companies |
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Limited liability company |
Joint stock company |
16/06/1980 |
EX-MEMBERS / EX-POSITIONS:
|
Corbetta |
Franco |
|
|
Born in Pramaggiore |
(VE) |
on 29/01/1935 |
- Fiscal Code : CRBFNC35A29G981Q |
|
|
Residence: |
|
Spellanzon |
, 80 |
- 31015 |
Conegliano |
(TV) |
- IT - |
|
Ex-Postions |
|
Sole Director |
|
Centazzo |
Gabriele |
|
|
Born in Maniago |
(PN) |
on 01/04/1949 |
- Fiscal Code : CNTGRL49D01E889E |
|
|
Residence: |
|
Micela |
, 30 |
- 33084 |
Cordenons |
(PN) |
- IT - |
|
Ex-Postions |
|
Director |
|
Board Chairman |
|
Cappellotto |
Leandro |
|
|
Born in Germania |
( ) |
on 11/05/1971 |
- Fiscal Code : CPPLDR71E11Z112N |
|
|
Residence: |
|
Sistiana Int 2 Scala A |
, 1 |
- 33170 |
Pordenone |
(PN) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
De Rovere |
Valentino |
|
|
Born in Fontanafredda |
(PN) |
on 16/02/1949 |
- Fiscal Code : DRVVNT49B16D670Y |
|
|
Residence: |
|
Rive Fontane |
, 17 |
- 33170 |
Pordenone |
(PN) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
Renier |
Gian Franco |
|
|
Born in Venezia |
(VE) |
on 09/09/1938 |
- Fiscal Code : RNRGFR38P09L736U |
|
|
Residence: |
|
Taglio |
, 106 |
- 33070 |
Brugnera |
(PN) |
- IT - |
|
Ex-Postions |
|
Temporary 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.
The firm operates with:
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
BANCA POP. FRIULADRIA SPA |
SEDE |
PIAZZA XX SETTEMBRE,19 |
33170 |
Pordenone |
5336 |
12500 |
Company's starting of activities dates back to 1980.
Balance sheets for the years 2011, 2012 and 2013 were analyzed.
Under an economic point of view, profits were registered during the last years with a r.o.e. of 2,39% in 2013
The operating result was positive in the last financial year (3,71%) and in line with the sector's average.
An operating result of Eur. 1.177.999 has been registered. rising (+82,69%) in relation to the previous year.
A gross operating margine for a value of Eur. 2.629.885 was reached. with a 29,73% increase as opposed to the preceding year.
Very good financial situation: shareholder's equity covers short-terms debts with an indebtedness level equal to 0,66 lower than in 2012.
The management generated equity capital for an amount of Eur. 10.424.838 , unchanged if compared to 2012.
In the year 2013 total debts amounted to Eur. 19.027.631 showing a stable trend as opposed to 2012 (Eur. 17.356.273).
The company does not exceed in bank credits; payments average period is instead slightly high (107,77 gg.) however still within the sector's average.
It shows a good range of liquidity.
Credits are collected in 85,94 days on the average. , value within the sector's average.
During financial year 2013 the cash flow amounted to Eur. 1.701.523
Labour cost expenses amount to Eur. 7.018.411 , representing 20,58% on the total of production costs. , with a 20,13% incidence on turnover.
Financial charges have a limited incidence (-1,33%) on sales volume.
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
34.869.950 |
|
Profit (Loss) for the period |
249.637 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
38.112.146 |
|
Profit (Loss) for the period |
83.517 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
38.974.509 |
|
Profit (Loss) for the period |
188.685 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
43.419.944 |
|
Profit (Loss) for the period |
191.226 |
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
36.426.882 |
|
Profit (Loss) for the period |
286.783 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
0,34 |
0,38 |
0,37 |
0,25 |
|
Elasticity Ratio |
Units |
0,66 |
0,61 |
0,62 |
0,72 |
|
Availability of stock |
Units |
0,19 |
0,21 |
0,19 |
0,20 |
|
Total Liquidity Ratio |
Units |
0,47 |
0,41 |
0,44 |
0,45 |
|
Quick Ratio |
Units |
0,18 |
0,09 |
0,08 |
0,02 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
0,66 |
1,04 |
1,15 |
2,92 |
|
Self Financing Ratio |
Units |
0,33 |
0,34 |
0,34 |
0,19 |
|
Capital protection Ratio |
Units |
0,78 |
0,79 |
0,78 |
0,71 |
|
Liabilities consolidation quotient |
Units |
0,55 |
0,35 |
0,29 |
0,22 |
|
Financing |
Units |
1,83 |
1,71 |
1,71 |
3,80 |
|
Permanent Indebtedness Ratio |
Units |
0,55 |
0,50 |
0,47 |
0,38 |
|
M/L term Debts Ratio |
Units |
0,22 |
0,16 |
0,13 |
0,12 |
|
Net Financial Indebtedness Ratio |
Units |
0,27 |
0,25 |
0,23 |
0,97 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,62 |
1,30 |
1,27 |
1,26 |
|
Current ratio |
Units |
1,65 |
1,38 |
1,34 |
1,13 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,17 |
0,91 |
0,94 |
0,75 |
|
Structure's primary quotient |
Units |
0,97 |
0,90 |
0,90 |
0,76 |
|
Treasury's primary quotient |
Units |
0,45 |
0,21 |
0,17 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
304,50 |
293,23 |
296,02 |
515,14 |
|
Current Capital ( net ) |
Value |
8.221.197 |
4.993.639 |
4.736.335 |
177.926 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
4,88 |
3,85 |
3,22 |
2,74 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
2,39 |
0,82 |
1,86 |
1,67 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
6,91 |
2,99 |
6,34 |
8,36 |
|
Return on Investment ( R.O.I. ) |
% |
3,71 |
2,16 |
3,80 |
3,41 |
|
Return/ Sales |
% |
3,38 |
1,69 |
2,93 |
3,12 |
|
Extra Management revenues/charges incid. |
% |
21,19 |
12,95 |
16,51 |
15,78 |
|
Cash Flow |
Value |
1.701.523 |
1.465.877 |
1.253.042 |
76.501 |
|
Operating Profit |
Value |
1.177.999 |
644.789 |
1.143.014 |
88.970 |
|
Gross Operating Margin |
Value |
2.629.885 |
2.027.149 |
2.207.371 |
173.361 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
85,94 |
78,34 |
88,38 |
100,31 |
|
Debts to suppliers average term |
Days |
107,77 |
112,24 |
118,71 |
115,26 |
|
Average stock waiting period |
Days |
62,31 |
58,20 |
51,69 |
67,16 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,10 |
1,28 |
1,29 |
1,08 |
|
Rate of stock return |
Units |
5,78 |
6,19 |
6,96 |
5,32 |
|
Labour cost incidence |
% |
20,13 |
21,01 |
19,92 |
17,27 |
|
Net financial revenues/ charges incidence |
% |
-1,33 |
-0,98 |
-0,94 |
-1,88 |
|
Labour cost on purchasing expenses |
% |
20,58 |
20,72 |
19,82 |
16,89 |
|
Short-term financing charges |
% |
2,47 |
2,18 |
2,15 |
3,16 |
|
Capital on hand |
% |
91,03 |
78,29 |
77,26 |
92,21 |
|
Sales pro employee |
Value |
208.802 |
152.448 |
161.051 |
183.224 |
|
Labour cost pro employee |
Value |
42.026 |
32.027 |
32.083 |
32.179 |
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 |
: |
297.699 |
|
Population living in the region |
: |
1.204.718 |
|
Number of families in the region |
: |
516.349 |
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
377 |
|
- per non food products |
: |
1.727 |
|
- per energy consume |
: |
114 |
The values are calculated on a base of 2.257 significant companies.
The companies cash their credits on an average of 100 dd.
The average duration of suppliers debts is about 115 dd.
The sector's profitability is on an average of 2,74%.
The labour cost affects the turnover in the measure of 17,27%.
Goods are held in stock in a range of 67 dd.
The difference between the sales volume and the resources used to realize it is about 1,08.
The employees costs represent the 16,89% of the production costs.
Statistically the trade activity passes through serious crises.
The area is statistically considered lowly risky.
In the region 3.901 protested subjects are found; in the province they count to 695.
The insolvency index for the region is 0,33, , while for the province it is 0,24.
Total Bankrupt companies in the province : 1.260.
Total Bankrupt companies in the region : 5.085.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.85 |
|
|
1 |
Rs.102.68 |
|
Euro |
1 |
Rs.81.46 |
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.