|
Report Date : |
26.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
FIMINOX S.P.A. |
|
|
|
|
Registered Office : |
Via Montale Eugenio, 21/23 , 20090 – Opera (MI) IT |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
09.01.1971 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
·
Wholesale of furniture, rugs and lighting
equipment ·
Wholesale of metalliferous minerals, ferrous metals
and semi-finished products ·
Retail sale of hardware, paints, flat glass and
building materials in specialized stores |
|
|
|
|
No of Employees : |
From 16 to 25 |
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 : |
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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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.
|
Source
: CIA |
FIMINOX S.P.A.
Via Montale Eugenio, 21/23
20090 - Opera (MI) -IT-
|
Fiscal Code |
: |
00925070153 |
|
Legal Form |
: |
Joint stock company |
|
start of
Activities |
: |
09/01/1971 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
5.000.000/6.500.000 |
|
Number of
Employees |
: |
from 16 to 25 |
Wholesale of furniture, rugs and lighting equipment
Wholesale of metalliferous minerals, ferrous metals and semi-finished
products
Retail sale of hardware, paints, flat glass and building materials in
specialized stores
Legal Form : Joint stock company
|
Fiscal Code : 00925070153 |
|
Foreign Trade Reg. no. : MI059671 since 20/12/1991 |
|
Chamber of Commerce no. : 817228 of Milano since 11/02/1971 |
|
Firms' Register : MI146-144909 of Milano since 19/02/1996 |
|
V.A.T. Code : 00925070153 |
|
Foundation date |
: 09/01/1971 |
|
|
Establishment date |
: 09/01/1971 |
|
|
Start of Activities |
: 09/01/1971 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 500.000 |
|
|
Subscribed Capital |
: 500.000 |
|
|
Paid up Capital |
: 500.000 |
|
|
|
Servidati |
Giuseppe Battista |
|
Born in Melegnano |
(MI) |
on 06/06/1948 |
- Fiscal Code : SRVGPP48H06F100O |
|
Residence: |
|
Dei Tigli |
, 19 |
- 20090 |
Opera |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
23/04/1976 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Bettinelli |
Luigi |
|
|
|
Born in Melegnano |
(MI) |
on 18/03/1939 |
- Fiscal Code : BTTLGU39C18F100W |
|
|
|
Residence: |
|
Degli Oleandri |
, 7 |
- 20077 |
Melegnano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/04/2012 |
|
|
|
Attorney General |
01/07/2003 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Spazzini |
Valeria |
|
|
|
Born in Vizzolo Predabissi |
(MI) |
on 22/02/1942 |
- Fiscal Code : SPZVLR42B62M102B |
|
|
|
Residence: |
|
Degli Oleandri |
, 7 |
- 20077 |
Melegnano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/04/2012 |
|
|
|
|
Bettinelli |
Stefano |
|
|
|
Born in Milano |
(MI) |
on 07/03/1966 |
- Fiscal Code : BTTSFN66C07F205N |
|
|
|
Residence: |
|
A.moro |
, 3 |
- 20070 |
Vizzolo Predabissi |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/04/2012 |
|
|
|
Board Chairman |
23/04/2012 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Bettinelli |
Paolo |
|
|
|
Born in Vizzolo Predabissi |
(MI) |
on 26/01/1971 |
- Fiscal Code : BTTPLA71A26M102B |
|
|
|
Residence: |
|
S. Pertini |
, 9/1 |
- 20077 |
Melegnano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/04/2012 |
|
|
|
Managing Director |
23/04/2012 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Bettinelli |
Maria Grazia |
|
|
|
Born in Milano |
(MI) |
on 22/05/1967 |
- Fiscal Code : BTTMGR67E62F205M |
|
|
|
Residence: |
|
Dei Cedri |
, 19 |
- 20077 |
Melegnano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/04/2012 |
|
|
|
|
Bettinelli |
Silvia |
|
|
|
Born in Milano |
(MI) |
on 27/10/1964 |
- Fiscal Code : BTTSLV64R67F205T |
|
|
|
Residence: |
|
Dei Cedri |
, 27 |
- 20077 |
Melegnano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/04/2012 |
|
|
|
|
Bettinelli |
Chiara |
|
|
|
Born in Vizzolo Predabissi |
(MI) |
on 17/09/1977 |
- Fiscal Code : BTTCHR77P57M102F |
|
|
|
Residence: |
|
Degli Oleandri |
, 5 |
- 20077 |
Melegnano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/04/2012 |
|
|
*checkings have been performed on a national scale.
In this module are listed the companies in which members hold or have
holded positions.
|
|
Bettinelli |
Stefano |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Tekinox S.r.l. |
Treviglio (BG) - IT - |
02572240162 |
Director |
Active |
Registered |
|
Tekinox S.r.l. |
Treviglio (BG) - IT - |
02572240162 |
Board Chairman |
Active |
Registered |
|
Solar Montaggi S.r.l. |
Melegnano (MI) - IT - |
06997890964 |
Director |
Withdrawn |
Registered |
|
Solar Montaggi S.r.l. |
Melegnano (MI) - IT - |
06997890964 |
Managing
Director |
Withdrawn |
Registered |
|
|
Bettinelli |
Paolo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Tekinox S.r.l. |
Treviglio (BG) - IT - |
02572240162 |
Director |
Active |
Registered |
|
Tekinox S.r.l. |
Treviglio (BG) - IT - |
02572240162 |
Board Chairman |
Withdrawn |
Registered |
|
Melegnano Energia Ambiente S.p.a - In Breve Mea S.p.a. |
Melegnano (MI) - IT - |
11744720159 |
Director |
Withdrawn |
Registered |
|
Solar Montaggi S.r.l. |
Melegnano (MI) - IT - |
06997890964 |
Director |
Withdrawn |
Registered |
|
Solar Montaggi S.r.l. |
Melegnano (MI) - IT - |
06997890964 |
Managing
Director |
Withdrawn |
Registered |
|
Solar Montaggi S.r.l. |
Melegnano (MI) - IT - |
06997890964 |
Board 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.
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Servidati Giuseppe Battista |
Opera - IT - |
SRVGPP48H06F100O |
25.000 .Eur |
5,00 |
|
Bettinelli Luigi |
Melegnano - IT - |
BTTLGU39C18F100W |
300.000 .Eur |
60,00 |
|
Spazzini Valeria |
Melegnano - IT - |
SPZVLR42B62M102B |
75.000 .Eur |
15,00 |
|
Prati Maria Caterina |
Opera - IT - |
PRTMCT47L59H930S |
100.000 .Eur |
20,00 |
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares
Amount |
% Ownership |
since |
until |
Share Status |
|
Apicaf S.p.a. |
Varese - IT - |
02522640123 |
1 .Eur |
|
|
|
Active |
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
|
|
|
|
Montale Eugenio |
, 21/23 |
- 20090 |
- Opera |
(MI) |
- IT - |
|
|
|
|
PHONE |
: 0257602944 |
|
|
|
|
PHONE |
: 0257602941 |
|
|
|
|
FAX |
: 0257604754 |
|
- |
Branch |
(Store) |
since 01/06/1996 |
|
|
|
|
|
|
E. Montale |
, 4 |
- 20090 |
- Opera |
(MI) |
- IT - |
|
- |
Branch |
(Store) |
since 16/06/1997 |
|
|
|
|
|
|
Armando Diaz |
, 44 |
- 20090 |
- Opera |
(MI) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 26/06/1998 |
|
|
|
|
|
|
E. Montale |
, 12 |
- 20090 |
- Opera |
(MI) |
- IT - |
|
- |
Branch |
(Store) |
since 01/09/2008 |
|
|
|
|
|
|
Per Carpiano |
, 18 |
- 20077 |
- Melegnano |
(MI) |
- IT - |
|
|
|
|
PHONE |
: 0298033501 |
|
|
|
|
Employees |
: 22 |
|
Fittings and Equipment for a value of 430.000 |
Eur |
|
Stocks for a value of 3.300.000 |
Eur |
|
|
The firm operates abroad as importer / exporter..
To purchase foreign products the firm uses the following channels :
|
- its own sales net-work |
Export represents up to 20% of the global turnover.
Products abroad are placed by :
|
- its own sales net-work |
Import comes generally from the following nations:
|
- Belgium |
EX-MEMBERS / EX-POSITIONS:
|
|
Servidati |
Giuseppe Battista |
|
|
|
Born in Melegnano |
(MI) |
on 06/06/1948 |
- Fiscal Code : SRVGPP48H06F100O |
|
|
|
Residence: |
|
Dei Tigli |
, 19 |
- 20090 |
Opera |
(MI) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Venegoni |
Marino |
|
|
|
Born in OSSONA |
(MI) |
on 22/11/1953 |
|
|
|
Residence: |
|
SETTEMBRINI LUIGI |
, 1 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Bettinelli |
Luigi |
|
|
|
Born in Melegnano |
(MI) |
on 18/03/1939 |
- Fiscal Code : BTTLGU39C18F100W |
|
|
|
Residence: |
|
Degli Oleandri |
, 7 |
- 20077 |
Melegnano |
(MI) |
- IT - |
|
Ex-Postions |
|
Board Chairman |
|
Managing Director |
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 1971.
An eco-fin analysis has been made on the base od the b/s fo the years 2011, 2012 and 2013.
During the last years, it recorded positive net results (r.o.e. 0,44% in 2013)
The operating result in 2013 was positive (0,83%) falling within the field's average.
The amount of the operating result for the year 2013 is of Eur. 119.141 with a -57,62% fall as against the year 2012.
During the latest financial year the gross operating margin amounted to Eur. 294.475 showing a downward trend as opposed to the previous year.
The company has an excellent net worth if compared to its debts, with a low indebtedness (0,23) increasing compared to last year (0,17)
With regard to equity capital, an amount of Eur. 7.954.593 is registered. , unchanged as opposed to the preceding year.
In the year 2013 total debts amounted to Eur. 5.817.208 on the same levels as the year before.
Bank exsposure is limited and the suppliers' credit is modest too, 57,94 gg. is the payment average period which is also lower than the sector average.
The liquidity level is positive (3,28).
As far as the collection of credit goes, the average is high (163,16 days). even higher than the average of the specific sector.
2013 financial year closed with a cash flow of Eur. 210.412
During 2013 financial year labour costs amounted to Eur. 1.154.964, with a 21,14% incidence on production costs. , whereas the incidence of such costs on sales revenues is equal to 21,58%.
Limited financial charges in relation to sales volume.
|
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.352.094 |
|
Profit (Loss) for the period |
35.078 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.191.044 |
|
Profit (Loss) for the period |
45.420 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
7.403.242 |
|
Profit (Loss) for the period |
56.988 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
7.975.133 |
|
Profit (Loss) for the period |
70.960 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.668.251 |
|
Profit (Loss) for the period |
39.976 |
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 |
0,58 |
0,59 |
0,56 |
0,13 |
|
Elasticity Ratio |
Units |
0,42 |
0,41 |
0,44 |
0,86 |
|
Availability of stock |
Units |
0,23 |
0,21 |
0,21 |
0,43 |
|
Total Liquidity Ratio |
Units |
0,19 |
0,20 |
0,24 |
0,31 |
|
Quick Ratio |
Units |
0,00 |
0,01 |
0,01 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
0,23 |
0,17 |
0,22 |
3,98 |
|
Self Financing Ratio |
Units |
0,56 |
0,56 |
0,56 |
0,15 |
|
Capital protection Ratio |
Units |
0,93 |
0,93 |
0,93 |
0,63 |
|
Liabilities consolidation quotient |
Units |
2,42 |
3,19 |
2,38 |
0,18 |
|
Financing |
Units |
0,73 |
0,72 |
0,73 |
5,26 |
|
Permanent Indebtedness Ratio |
Units |
0,87 |
0,89 |
0,87 |
0,33 |
|
M/L term Debts Ratio |
Units |
0,31 |
0,33 |
0,31 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
0,60 |
0,60 |
0,62 |
0,90 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,50 |
1,51 |
1,56 |
2,05 |
|
Current ratio |
Units |
3,28 |
3,93 |
3,42 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,49 |
1,93 |
1,82 |
0,51 |
|
Structure's primary quotient |
Units |
0,96 |
0,95 |
1,00 |
1,01 |
|
Treasury's primary quotient |
Units |
0,01 |
0,10 |
0,06 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
179,77 |
178,50 |
178,99 |
648,19 |
|
Current Capital ( net ) |
Value |
4.194.632 |
4.314.323 |
4.415.489 |
102.498 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
3,93 |
4,81 |
4,14 |
2,38 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
0,44 |
0,57 |
0,72 |
3,81 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
0,68 |
1,76 |
2,33 |
11,92 |
|
Return on Investment ( R.O.I. ) |
% |
0,83 |
1,99 |
2,93 |
3,28 |
|
Return/ Sales |
% |
2,23 |
4,54 |
5,58 |
3,01 |
|
Extra Management revenues/charges incid. |
% |
29,44 |
16,15 |
13,79 |
24,55 |
|
Cash Flow |
Value |
210.412 |
297.757 |
306.611 |
25.464 |
|
Operating Profit |
Value |
119.141 |
281.164 |
413.157 |
32.755 |
|
Gross Operating Margin |
Value |
294.475 |
533.501 |
662.780 |
54.739 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
163,16 |
145,44 |
132,96 |
61,66 |
|
Debts to suppliers average term |
Days |
57,94 |
48,76 |
26,90 |
139,97 |
|
Average stock waiting period |
Days |
221,72 |
171,46 |
141,57 |
132,27 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,37 |
0,44 |
0,53 |
1,09 |
|
Rate of stock return |
Units |
1,62 |
2,10 |
2,54 |
2,67 |
|
Labour cost incidence |
% |
21,58 |
18,86 |
17,75 |
10,50 |
|
Net financial revenues/ charges incidence |
% |
-1,42 |
-3,04 |
-3,10 |
-1,44 |
|
Labour cost on purchasing expenses |
% |
21,14 |
19,09 |
18,11 |
10,43 |
|
Short-term financing charges |
% |
1,31 |
3,30 |
4,19 |
2,33 |
|
Capital on hand |
% |
267,18 |
228,33 |
190,37 |
91,36 |
|
Sales pro employee |
Value |
243.277 |
171.973 |
321.880 |
286.155 |
|
Labour cost pro employee |
Value |
52.498 |
32.436 |
57.138 |
32.316 |
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 |
: |
3.839.216 |
|
Population living in the region |
: |
9.393.092 |
|
Number of families in the region |
: |
3.858.736 |
Monthly family expenses average in the region (in Eur.):
|
- per food products |
: |
460 |
|
- per nonfood products |
: |
2.090 |
|
- per energy consume |
: |
114 |
·
The values are calculated on a base of 4.015 significant
companies.
·
The companies cash their credits on an average of
62 dd.
·
The average duration of suppliers debts is about
140 dd.
·
The sector's profitability is on an average of
2,38%.
·
The labour cost affects the turnover in the measure
of 10,50%.
·
Goods are held in stock in a range of 132 dd.
·
The difference between the sales volume and the
resources used to realize it is about 1,09.
·
The employees costs represent the 10,43% of the
production costs.
·
Statistically the trade activity shows periods of
crisis.
·
The area is statistically considered lowly risky.
·
In the region 50.886 protested subjects are found;
in the province they count to 24.765.
·
The insolvency index for the region is 0,55, ,
while for the province it is 0,66.
·
Total Bankrupt companies in the province : 22.523.
·
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.43 |
|
|
1 |
Rs.100.12 |
|
Euro |
1 |
Rs.79.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.