MIRA INFORM REPORT
|
Report Date : |
02.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
GASPARI MENOTTI – S.P.A. |
|
|
|
|
Registered Office : |
Viale Zaccagna, 18/F Nazzano 54033- Carrara (MS) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
01.01.1981 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturer of Other Machine Tools. |
|
|
|
|
No. of Employees : |
From 71 to 90 |
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 : |
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 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
GASPARI MENOTTI -
S.P.A.
Viale Zaccagna, 18/F
Nazzano
54033 - Carrara (MS) -IT-
Summary
|
Fiscal Code |
: |
00363950452 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
01/01/1981 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
25.000.000/35.000.000 |
|
Number of Employees |
: |
from 71 to 90 |
Activity
Manufacture of other machine tools
Legal
Data
Legal Form : Joint stock company
Fiscal Code : 00363950452
Foreign Trade Reg. no. : MS001168 since 02/12/1991
Chamber of Commerce no. : 75081 of Massa since 06/01/1981
Firms' Register : MS010-3291 of Massa since 19/02/1996
V.A.T. Code : 00363950452
|
Establishment date |
: 15/12/1980 |
|
Start of Activities |
: 01/01/1981 |
|
Legal duration |
: 31/12/2030 |
|
Nominal Capital |
: 5.170.165 |
|
Subscribed Capital |
: 5.170.165 |
|
Paid up Capital |
: 5.170.165 |
Members
|
|
Gaspari |
Ciro |
|
|
Born in Carrara |
(MS) |
on 29/07/1956 |
- Fiscal Code : GSPCRI56L29B832Y |
|
|
Residence: |
Xx Settembre |
, 127 |
- 54033 |
Carrara |
(MS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
25/06/2014 |
||
|
Board Chairman |
25/06/2014 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Roberti |
Franco |
|
|
Born in San Severo |
(FG) |
on 21/04/1947 |
- Fiscal Code : RBRFNC47D21I158X |
|
|
Residence: |
Xx Settembre |
, 127 BIS |
- 54033 |
Carrara |
(MS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
25/06/2014 |
||
|
Managing Director |
03/07/2014 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Roberti |
Barbara |
|
|
Born in Carrara |
(MS) |
on 16/05/1975 |
- Fiscal Code : RBRBBR75E56B832K |
|
|
Residence: |
Xx Settembre |
, 127 BIS |
- 54033 |
Carrara |
(MS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
25/06/2014 |
|
|
Gaspari Menotti
E Figli Holding S.r.l In |
Sigla Gmef
Holding S.r.l. |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
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.
|
|
Gaspari |
Ciro |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Gaspari Menotti E Figli Holding S.r.l
InSigla Gmef Holding S.r.l. |
Carrara (MS) - IT - |
00285090452 |
Managing
Director |
Active |
Registered |
|
Gaspari Menotti E Figli Holding S.r.l
InSigla Gmef Holding S.r.l. |
Carrara (MS) - IT - |
00285090452 |
Director |
Active |
Registered |
|
Societa' Apuana Marmi S.r.l. In Sigla S.a.m.
S.r.l. |
Carrara (MS) - IT - |
00297570459 |
Director |
Withdrawn |
Registered |
|
Societa' Apuana Marmi S.r.l. In Sigla
S.a.m. S.r.l. |
Carrara (MS) - IT - |
00297570459 |
Memb.of the
Executive Committee |
Withdrawn |
Registered |
|
Societa' Apuana Marmi S.r.l. In Sigla
S.a.m. S.r.l. |
Carrara (MS) - IT - |
00297570459 |
Board Chairman |
Withdrawn |
Registered |
|
Edilinvest S.r.l. |
Carrara (MS) - IT - |
01081940452 |
Director |
Active |
Registered |
|
Erton S.r.l. |
Carrara (MS) - IT - |
01274330453 |
Director |
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 |
|
Gaspari Ciro |
Carrara - IT - |
GSPCRI56L29B832Y |
47.001 .Eur |
0,90 |
|
Gaspari Elena |
Carrara - IT - |
GSPLNE50D69B832Q |
47.001 .Eur |
0,90 |
|
Gaspari Menotti E Figli Holding S.r.l In
Sigla Gmef Holding S.r.l. |
00285090452 |
5.076.162 .Eur |
98,18 |
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 |
|
Internazionale Marmi E Macchine - Carrar a
S.p.a. |
Carrara - IT - |
00207170457 |
25.866 .Eur |
0,08 |
Active |
||
|
Protec S.r.l. In Liquidazione |
Massa - IT - |
00372470450 |
640.000 .Eur |
50,00 |
Active |
||
|
Assoservizi Industria S.r.l. |
Carrara - IT - |
00681620456 |
6.108 .Eur |
0,84 |
Active |
||
|
Errebi S.r.l. In Liquidazione |
01998110462 |
12.500 .Eur |
25,00 |
Active |
Firm's
location and structure
In order to carry out its activities the
firm uses the following locations:
|
- |
Legal and
operative seat |
|
Zaccagna |
, 18/F |
- 54033 |
- Carrara |
(MS) |
- IT - |
|
- |
Branch |
(Factory) |
since 10/11/1981 |
until 12/05/2005 |
|
Catagnina |
, 25 |
- 54100 |
- Massa |
(MS) |
- IT - |
|
PHONE |
: 0585830818 |
|
- |
Branch |
(Factory) |
since 16/11/1995 |
until 12/05/2005 |
|
D. Zaccagna |
- 54033 |
- Carrara |
(MS) |
- IT - |
|
Employees |
: 76 |
|
Fittings and Equipment for a value of
210.000 |
Eur |
|
Stocks for a value of 12.210.000 |
Eur |
|
Work in progress for a value of 1.800.000 |
Eur |
Trade organization: direct or by agents.
Sales area on a national scale.
Transports are mainly done using own
vehicles and third parties ones
Export represents more than 50% of the
global turnover.
Products abroad are placed by :
|
- its own agents |
|
- direct orders from foreign companies |
Subject generally proposes terms of sale
between 30 and 60 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.
Export is mainly towards:
|
- France |
|
- Gabon |
|
- Belgium |
|
- Italy |
|
- Ireland |
Historical Information and/or Firm's Status
EX-MEMBERS /
EX-POSITIONS:
|
|
Andreani |
Giulio |
|
|
Born in Ortonovo |
(SP) |
on 18/04/1956 |
- Fiscal Code : NDRGLI56D18G143I |
|
|
Residence: |
Pablo Picasso |
, 15 |
- 55042 |
Forte dei Marmi |
(LU) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Gaspari |
Ciro |
|
|
Born in Carrara |
(MS) |
on 29/07/1956 |
- Fiscal Code : GSPCRI56L29B832Y |
|
|
Residence: |
Xx Settembre |
, 127 |
- 54033 |
Carrara |
(MS) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
Roberti |
Franco |
|
|
Born in San Severo |
(FG) |
on 21/04/1947 |
- Fiscal Code : RBRFNC47D21I158X |
|
|
Residence: |
Xx Settembre |
, 127 BIS |
- 54033 |
Carrara |
(MS) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
Giovanetti |
Paolo |
|
|
Born in Carrara |
(MS) |
on 04/02/1963 |
- Fiscal Code : GVNPLA63B04B832A |
|
|
Residence: |
Buonarroti |
, 16 |
- 54033 |
Carrara |
(MS) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Gaspari |
Menotti |
|
|
Born in Carrara |
(MS) |
on 29/09/1928 |
- Fiscal Code : GSPMTT28P29B832S |
|
|
Residence: |
Xx Settembre |
, 125 |
- 54033 |
Carrara |
(MS) |
- IT - |
|
Ex-Postions |
|
Chairman |
|
Managing Director |
|
|
Marchetti |
Gianfranco |
|
|
Born in Carrara |
(MS) |
on 24/10/1940 |
- Fiscal Code : MRCGFR40R24B832C |
|
|
Residence: |
Micheli |
, 11 |
- 54036 |
Carrara |
(MS) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Alluisini |
Carlo |
|
|
Born in Ameglia |
(SP) |
on 26/11/1936 |
- Fiscal Code : LLSCRL36S26A261X |
|
|
Residence: |
F. Cavallotti |
, 54 |
- 54036 |
Carrara |
(MS) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Giovannetti |
Paolo Giuseppe |
|
|
Born in Carrara |
(MS) |
on 04/02/1963 |
- Fiscal Code : GVNPGS63B04B832D |
|
|
Residence: |
Buonarroti |
, 16 |
- 54033 |
Carrara |
(MS) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Conti |
Giulio |
|
|
Born in Carrara |
(MS) |
on 07/09/1937 |
- Fiscal Code : CNTGLI37P07B832I |
|
|
Residence: |
Perla |
, 30 |
- 54033 |
Carrara |
(MS) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of
merging by taking over of |
|
|
|
|
AURELIA, |
, 12 |
, 54033 |
, Carrara |
(MS) |
- IT - |
|
|
Fiscal Code: 00491880456 |
|
|
Date |
Merging/splitting-up project: |
30/06/2005 |
|
|
The firm
absorbed by merging of |
|
|
|
|
AURELIA, |
, 12 |
, 54033 |
, Carrara |
(MS) |
- IT - |
|
|
Fiscal Code: 00491880456 |
|
|
Date |
: |
25/10/2005 |
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
The company is active since 1981
The economic-financial analysis has been
made on the base of the b/s of the latests three years.
Last two financial years were marked by losses;
in 2013 r.o.e. is -13,95%.
A loss is registered as to the operating
result (-1,06%).
The amount of the operating loss for 2013 is
equal to Eur. -539.917.
The G.O.M. amounted to Eur. 749.012 growing
by more then 100% if compared to the year before.
The financial status of the company is
fairly balanced with an indebtedness level of 1,79 even though on the increase
if compared to 2012.
It's shareholders funds amount to Eur.
13.044.496 on stable levels.
During the last financial year debts
totalled Eur. 35.973.074 (Eur. 11.921.450 of which were m/l term debts) with no
important change.
The recourse to bank credit is slightly high
and also borrowings from suppliers appear to be high, with an average payment
period equal to 141,03 gg. however still within the sector's average.
It shows a good range of liquidity.
On average trade credits are collected in
85,79 days. , shorter than the sector's average.
A negative cash flow marked the year 2013
totalling Eur. -531.087.
Labour cost amounts to Eur. 4.312.588, with
a 13,36% incidence on production costs. , whereas the incidence on sales
revenues is of 13,02%.
High incidence of financial charges on
turnover.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
33.131.712 |
|
Profit (Loss) for the period |
-1.820.016 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
23.869.911 |
|
Profit (Loss) for the period |
-2.833.450 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
34.289.866 |
|
Profit (Loss) for the period |
-451.585 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
22.767.515 |
|
Profit (Loss) for the period |
-863.389 |
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
13.658.295 |
|
Profit (Loss) for the period |
-3.840.054 |
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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|
|
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 |
0,52 |
0,55 |
0,52 |
0,17 |
|
Elasticity Ratio |
Units |
0,47 |
0,45 |
0,47 |
0,80 |
|
Availability of stock |
Units |
0,24 |
0,28 |
0,27 |
0,27 |
|
Total Liquidity Ratio |
Units |
0,23 |
0,17 |
0,21 |
0,50 |
|
Quick Ratio |
Units |
0,02 |
0,00 |
0,00 |
0,03 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
1,79 |
1,34 |
1,09 |
3,14 |
|
Self Financing Ratio |
Units |
0,26 |
0,30 |
0,34 |
0,19 |
|
Capital protection Ratio |
Units |
0,74 |
0,84 |
0,73 |
0,68 |
|
Liabilities consolidation quotient |
Units |
0,55 |
0,70 |
0,75 |
0,18 |
|
Financing |
Units |
2,76 |
2,20 |
1,85 |
3,79 |
|
Permanent Indebtedness Ratio |
Units |
0,52 |
0,59 |
0,62 |
0,34 |
|
M/L term Debts Ratio |
Units |
0,26 |
0,28 |
0,28 |
0,09 |
|
Net Financial Indebtedness Ratio |
Units |
1,45 |
1,64 |
1,16 |
0,77 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
0,99 |
1,08 |
1,18 |
1,75 |
|
Current ratio |
Units |
1,00 |
1,11 |
1,26 |
1,23 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,49 |
0,42 |
0,55 |
0,78 |
|
Structure's primary quotient |
Units |
0,49 |
0,56 |
0,65 |
1,04 |
|
Treasury's primary quotient |
Units |
0,03 |
0,00 |
0,01 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
389,24 |
329,46 |
293,20 |
518,96 |
|
Current Capital ( net ) |
Value |
13.412 |
2.100.540 |
5.126.042 |
406.983 |
|
RETURN |
|||||
|
Return on Sales |
% |
-1,60 |
-6,25 |
2,61 |
3,69 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-13,95 |
-19,07 |
-2,55 |
5,16 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-13,19 |
-18,66 |
-0,69 |
17,72 |
|
Return on Investment ( R.O.I. ) |
% |
-1,06 |
-2,64 |
1,70 |
3,94 |
|
Return/ Sales |
% |
-1,63 |
-5,41 |
2,58 |
4,48 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
n.c. |
-51,12 |
26,52 |
|
Cash Flow |
Value |
-531.087 |
-1.491.477 |
893.777 |
142.024 |
|
Operating Profit |
Value |
-539.917 |
-1.292.425 |
883.363 |
126.602 |
|
Gross Operating Margin |
Value |
749.012 |
49.548 |
2.228.725 |
241.461 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
85,79 |
82,98 |
71,29 |
116,01 |
|
Debts to suppliers average term |
Days |
141,03 |
83,69 |
121,25 |
127,79 |
|
Average stock waiting period |
Days |
132,69 |
205,02 |
145,54 |
96,89 |
|
Rate of capital employed return ( Turnover
) |
Units |
0,65 |
0,49 |
0,66 |
1,03 |
|
Rate of stock return |
Units |
2,71 |
1,76 |
2,47 |
3,58 |
|
Labour cost incidence |
% |
13,02 |
17,16 |
12,77 |
21,20 |
|
Net financial revenues/ charges incidence |
% |
-3,40 |
-4,57 |
-3,64 |
-1,00 |
|
Labour cost on purchasing expenses |
% |
13,36 |
15,59 |
12,89 |
20,95 |
|
Short-term financing charges |
% |
3,24 |
3,63 |
4,93 |
2,70 |
|
Capital on hand |
% |
153,25 |
205,10 |
151,25 |
96,90 |
|
Sales pro employee |
Value |
247.251 |
322.566 |
451.182 |
191.520 |
|
Labour cost pro employee |
Value |
32.183 |
55.366 |
57.612 |
39.641 |
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 |
: |
|
Monthly family expences average in the
region (in Eur..) :
|
- per food products |
: |
|
|
- per non food products |
: |
|
|
- per energy consume |
: |
|
Sector
Data
The values are calculated on a base of 45
significant companies.
The companies cash their credits on an
average of 116 dd.
The average duration of suppliers debts is about
128 dd.
The sector's profitability is on an average
of 3,69%.
The labour cost affects the turnover in the
measure of 21,20%.
Goods are held in stock in a range of 97 dd.
The difference between the sales volume and
the resources used to realize it is about 1,03.
The employees costs represent the 20,95% of
the production costs.
Statistical
Detrimental Data
Statistcally the trade activity shows
periods of crisis.
The area is statistically considered
moderately risky.
In the region 24.960 protested subjects are
found; in the province they count to 1.432.
The insolvency index for the region is 0,70,
, while for the province it is 0,72.
Total Bankrupt companies in the province :
1.056.
Total Bankrupt companies in the region :
20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
|
1 |
Rs.97.05 |
|
Euro |
1 |
Rs.77.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
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.