MIRA
INFORM REPORT
|
Report Date : |
04.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
CAFE'NOIR S.R.L. |
|
|
|
|
Registered Office : |
Via Cascina Lari, 20 San Miniato Basso, 56028 - San Miniato
(PI) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
01.01.2001 |
|
|
|
|
Legal Form : |
Sole-Member Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale and Retail of Footwear and Accessories |
|
|
|
|
No. of Employees : |
From 36 to 50 |
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 |
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|
|
|
Payment Behaviour : |
No Complaints |
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|
|
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 |
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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
CAFE'NOIR S.R.L.
Via Cascina
Lari, 20
SAN MINIATO BASSO
56028 - San
Miniato (PI) -IT-
Summary
|
Fiscal Code |
: |
01863570501 |
|
Legal Form |
: |
Sole-Member Limited Liability Company |
|
start of Activities |
: |
01/01/2001 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
25.000.000/35.000.000 |
|
Number of Employees |
: |
from 36 to 50 |
Activity
Wholesale of footwear and accessories
Wholesale of leather goods; luggage in any
material
Retail sale of footwear and accessories
Retail sale of leatherwear and luggage
Legal Data
Legal Form : Sole-Member Limited Liability Company
Fiscal Code : 01863570501
Chamber of Commerce no. : 248873 of Alessandria
Chamber of Commerce no. : 597975 of Firenze
Chamber of Commerce no. : 1869423 of Milano
Chamber of Commerce no. : 161374 of Pisa since 15/02/2008
V.A.T. Code : 01863570501
|
Establishment date |
: 28/01/2008 |
|
Start of Activities |
: 01/01/2001 |
|
Legal duration |
: 31/12/2030 |
|
Nominal Capital |
: 3.500.000 |
|
Subscribed Capital |
: 3.500.000 |
|
Paid up Capital |
: 3.500.000 |
Members
|
|
Franci |
Arturo |
|
|
|
Born in San Miniato |
(PI) |
on 12/05/1948 |
- Fiscal Code : FRNRTR48E12I046C |
|
|
|
Residence: |
|
Francesco De' Sanctis |
, 54 |
- 56028 |
San Miniato |
(PI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Auditor |
15/06/2012 |
|
|
|
|
Toscana Holding
S.r.l. |
|
|
|
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests registered |
|
|
Peruzzi |
Stefano |
|
|
|
Born in Carmignano |
(FI) |
on 05/04/1958 |
- Fiscal Code : PRZSFN58D05B794I |
|
|
|
Residence: |
|
Montegrappa |
, 170 |
- 59100 |
Prato |
(PO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
18/02/2008 |
|
|
|
Director |
28/01/2008 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Mazzantini |
Fabrizio |
|
|
|
Born in Cerreto Guidi |
(FI) |
on 03/09/1952 |
- Fiscal Code : MZZFRZ52P03C529L |
|
|
|
Residence: |
|
Valbugiana |
, 10 |
- 50054 |
Fucecchio |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
18/02/2008 |
|
|
|
Board Chairman |
28/01/2008 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Toscana Holding
S.r.l. |
|
|
|
|
|
|
Residence: |
|
Cascina Lari |
, 20 |
- 56027 |
San Miniato |
(PI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
28/01/2008 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Panzarasa |
Riccardo |
|
|
|
Born in Milano |
(MI) |
on 17/12/1948 |
- Fiscal Code : PNZRCR48T17F205U |
|
|
|
Residence: |
|
Pavia |
, 54 |
- 27029 |
Vigevano |
(PV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/01/2008 |
|
|
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.
|
|
Mazzantini |
Fabrizio |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Toscana Holding S.r.l. |
San Miniato (PI) - IT - |
04313800486 |
Chairman |
Withdrawn |
Registered |
|
Toscana Holding S.r.l. |
San Miniato (PI) - IT - |
04313800486 |
Managing Director |
Active |
Registered |
|
Toscana Holding S.r.l. |
San Miniato (PI) - IT - |
04313800486 |
Board Chairman |
Active |
Registered |
|
MAZZANTINI FABRIZIO |
Fucecchio (FI) - IT - |
MZZFRZ52P03C529L |
Proprietor |
Withdrawn |
Registered |
|
RAG. MAZZANTINI FABRIZIO - S.A.S. DI
*MAZZANTINI E C. |
Fucecchio (FI) - IT - |
03152800482 |
General Partner |
Withdrawn |
Registered |
|
Rui Company S.a.s. Di Ciabattari Brunella,
Mazzantini Mirko E C. |
Fucecchio (FI) - IT - |
05814400486 |
Limited Partner |
Active |
Registered |
|
Toscana Calzature S.r.l. |
San Miniato (PI) - IT - |
01925710509 |
Board Chairman |
Active |
Registered |
|
Lucky Fish S.r.l. |
San Miniato (PI) - IT - |
02117330502 |
Director |
Active |
Registered |
|
|
Peruzzi |
Stefano |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Tre Torri - S.r.l. In Liquidazione |
Gambassi (FI) - IT - |
00381410489 |
Director |
Withdrawn |
Bankrupt |
|
Toscana Holding S.r.l. |
San Miniato (PI) - IT - |
04313800486 |
Director |
Active |
Registered |
|
Toscana Holding S.r.l. |
San Miniato (PI) - IT - |
04313800486 |
Managing Director |
Active |
Registered |
|
L'antica Trattoria Toscana S.r.l. |
Sovicille (SI) - IT - |
01767220690 |
Director |
Withdrawn |
Ceased |
|
Alica S.r.l. |
Milano (MI) - IT - |
11103130156 |
Director |
Withdrawn |
Ceased |
|
Agora' Di Peruzzi Stefano E Peruzzi
Francesca E C. - Societa' In Accomandita Sem |
Carmignano (PO) - IT - |
01730790977 |
General Partner |
Active |
Registered |
|
Toscana Calzature S.r.l. |
San Miniato (PI) - IT - |
01925710509 |
Director |
Active |
Registered |
|
Lucky Fish S.r.l. |
San Miniato (PI) - IT - |
02117330502 |
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.
Capital Shareholders
Shareholders'
list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Toscana Holding S.r.l. |
San Miniato - IT - |
04313800486 |
|
100,00 |
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 |
|
TC LOGISTIC S.R.L. |
CERRETO GUIDI - IT - |
05367110482 |
10.000 .Eur |
100,00 |
|
|
Active |
Firm's location and structure
In order to carry out its activities the firm
uses the following locations:
|
- |
Legal and
operative seat |
|
|
|
|
|
|
|
Cascina Lari |
, 20 |
- 56027 |
- San Miniato |
(PI) |
- IT - |
|
- |
Branch |
|
since 25/02/2012 |
|
|
|
|
|
|
Novi |
, 17 |
- 15069 |
- Serravalle Scrivia |
(AL) |
- IT - |
|
|
|
|
Total Surface: 271 Sq.mt. |
|
- |
Branch |
|
since 26/06/2010 |
|
|
|
|
|
|
Del Lago |
, 20 |
- 50031 |
- Barberino di Mugello |
(FI) |
- IT - |
|
|
|
|
Total Surface: 330 Sq.mt. |
|
|
|
|
Employees |
: 41 |
|
|
|
|
Active partners |
: 2 |
|
Fittings and Equipment for a value of
160.000 |
Eur |
|
Stocks for a value of 5.830.000 |
Eur |
Historical Information and/or Firm's Status
EX-MEMBERS /
EX-POSITIONS:
|
|
Ricci |
Claudio |
|
|
|
Born in San Miniato |
(PI) |
on 28/07/1966 |
- Fiscal Code : RCCCLD66L28I046U |
|
|
|
Residence: |
|
Fogazzaro |
, 9 |
- 56028 |
San Miniato |
(PI) |
- IT - |
|
Ex-Postions |
|
Auditor |
|
|
Franci |
Arturo |
|
|
|
Born in San Miniato |
(PI) |
on 12/05/1948 |
- Fiscal Code : FRNRTR48E12I046C |
|
|
|
Residence: |
|
Francesco De' Sanctis |
, 54 |
- 56028 |
San Miniato |
(PI) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
Marchetti |
Alessandro |
|
|
|
Born in Cerreto Guidi |
(FI) |
on 18/06/1957 |
- Fiscal Code : MRCLSN57H18C529P |
|
|
|
Residence: |
|
San Giovanni |
, 15 |
- 50054 |
Fucecchio |
(FI) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Marchetti |
Cesare |
|
|
|
Born in Vinci |
(FI) |
on 21/01/1968 |
- Fiscal Code : MRCCSR68A21M059G |
|
|
|
Residence: |
|
Roma |
, 36 |
- 50054 |
Fucecchio |
(FI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Francesca |
Luciano |
|
|
|
Born in Vigevano |
(PV) |
on 07/08/1948 |
- Fiscal Code : FRNLCN48M07L872R |
|
|
|
Residence: |
|
Cavour |
, 102 |
- 27029 |
Vigevano |
(PV) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Ruggiero |
Lina |
|
|
|
Born in Empoli |
(FI) |
on 10/04/1961 |
- Fiscal Code : RGGLNI61D50D403M |
|
|
|
Residence: |
|
Dei Cappuccini |
, 71/C |
- 50053 |
Empoli |
(FI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
CEASINGS/INCORPORATIONS/MERGES:
|
|
The firm took
over the activity of |
|
|
|
|
|
|
|
|
Cascina Lari |
, 20 |
, 56027 |
, San Miniato |
(PI) |
- IT - |
|
|
|
Fiscal Code: 04313800486 |
|
|
|
Date |
: |
18/02/2008 |
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 2001.
An eco-fin analysis has been made on the base
od the b/s fo the years 2011, 2012 and 2013.
Under an economic point of view, profits
were registered during the last years with a r.o.e. of 3,79% in 2013 but
without a significant increase in the turnover.
The operating result in 2013 was positive (3,46%)
and in line with the sector's average.
The amount of the operating result is equal
to Eur. 808.876 on stable levels if compared to the previous year.
During the latest financial year the gross
operating margin amounted to Eur. 1.427.721 on the same levels as the previous
financial year.
The financial status of the company is
fairly balanced with an indebtedness level of 1,32 with an improving trend as
on the decrease.
It's shareholders funds amount to Eur.
8.397.147 on stable levels.
Total debts recorded amounted to Eur.
14.082.123 (Eur. 2.121.704 of which were m/l term debts) on the same levels as
the year before.
Bank borrowings' volume is slightly high but
the recourse to suppliers' credit is modest which is also lower than the sector
average.
The liquidity level is positive (1,8).
Accounts receivable average term is high
(134,75 days). but on the same levels as the average of the sector.
2013 financial year closed with a cash flow
of Eur. 937.057
Subordinate employment cost is of Eur.
1.654.420, i.e. 5,68% on total production costs. , whereas 5,53% is the
incidence on sales revenues.
The incidence of the financial charges is of
-1,21% on the sales amount.
Financial Data
|
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
29.934.580 |
|
Profit (Loss) for the period |
318.212 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
30.878.115 |
|
Profit (Loss) for the period |
659.532 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
32.132.559 |
|
Profit (Loss) for the period |
322.129 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
34.618.790 |
|
Profit (Loss) for the period |
598.597 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
36.768.010 |
|
Profit (Loss) for the period |
1.093.565 |
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 |
0,06 |
0,06 |
0,06 |
0,09 |
|
Elasticity Ratio |
Units |
0,92 |
0,92 |
0,92 |
0,89 |
|
Availability of stock |
Units |
0,25 |
0,27 |
0,32 |
0,26 |
|
Total Liquidity Ratio |
Units |
0,67 |
0,65 |
0,60 |
0,54 |
|
Quick Ratio |
Units |
0,04 |
0,01 |
0,03 |
0,03 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
1,32 |
1,44 |
2,00 |
3,95 |
|
Self Financing Ratio |
Units |
0,36 |
0,35 |
0,29 |
0,17 |
|
Capital protection Ratio |
Units |
0,55 |
0,49 |
0,48 |
0,62 |
|
Liabilities consolidation quotient |
Units |
0,20 |
0,23 |
0,12 |
0,10 |
|
Financing |
Units |
1,68 |
1,78 |
2,31 |
4,85 |
|
Permanent Indebtedness Ratio |
Units |
0,46 |
0,47 |
0,37 |
0,29 |
|
M/L term Debts Ratio |
Units |
0,10 |
0,12 |
0,07 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
1,09 |
1,31 |
1,54 |
1,04 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
7,65 |
7,72 |
6,59 |
2,37 |
|
Current ratio |
Units |
1,80 |
1,81 |
1,50 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,31 |
1,27 |
0,98 |
0,80 |
|
Structure's primary quotient |
Units |
5,93 |
5,74 |
5,26 |
1,48 |
|
Treasury's primary quotient |
Units |
0,07 |
0,02 |
0,05 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
278,57 |
287,95 |
341,75 |
602,26 |
|
Current Capital ( net ) |
Value |
9.600.292 |
9.554.071 |
7.831.808 |
191.984 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
3,13 |
3,94 |
2,48 |
2,03 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
3,79 |
8,16 |
4,34 |
6,31 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
6,59 |
12,88 |
8,41 |
17,00 |
|
Return on Investment ( R.O.I. ) |
% |
3,46 |
4,21 |
3,58 |
4,18 |
|
Return/ Sales |
% |
2,70 |
3,17 |
2,82 |
3,46 |
|
Extra Management revenues/charges incid. |
% |
39,34 |
67,30 |
35,53 |
27,96 |
|
Cash Flow |
Value |
937.057 |
1.217.396 |
795.533 |
44.823 |
|
Operating Profit |
Value |
808.876 |
980.006 |
906.707 |
74.603 |
|
Gross Operating Margin |
Value |
1.427.721 |
1.537.870 |
1.380.111 |
111.383 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
134,75 |
131,56 |
113,19 |
113,70 |
|
Debts to suppliers average term |
Days |
45,96 |
40,75 |
49,10 |
118,14 |
|
Average stock waiting period |
Days |
70,17 |
73,67 |
91,60 |
72,90 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,28 |
1,33 |
1,27 |
1,25 |
|
Rate of stock return |
Units |
5,13 |
4,89 |
3,93 |
4,88 |
|
Labour cost incidence |
% |
5,53 |
5,19 |
4,61 |
8,14 |
|
Net financial revenues/ charges incidence |
% |
-1,21 |
-0,09 |
-1,65 |
-1,38 |
|
Labour cost on purchasing expenses |
% |
5,68 |
5,36 |
4,73 |
8,25 |
|
Short-term financing charges |
% |
2,61 |
0,20 |
3,17 |
2,76 |
|
Capital on hand |
% |
78,14 |
75,34 |
78,91 |
79,85 |
|
Sales pro employee |
Value |
586.952 |
617.562 |
1.108.019 |
397.742 |
|
Labour cost pro employee |
Value |
32.439 |
32.056 |
51.034 |
33.267 |
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 |
: |
|
394.101Monthly 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 9.175
significant companies.
The companies cash their credits on an
average of 114 dd.
The average duration of suppliers debts is
about 118 dd.
The sector's profitability is on an average
of 2,03%.
The labour cost affects the turnover in the
measure of 8,14%.
Goods are held in stock in a range of 73 dd.
The difference between the sales volume and
the resources used to realize it is about 1,25.
The employees costs represent the 8,25% of
the production costs.
Statistical Detrimental Data
Statistically the trade activity passes
through serious crises.
The area is statistically considered
moderately risky.
In the region 24.960 protested subjects are
found; in the province they count to 2.664.
The insolvency index for the region is 0,70,
, while for the province it is 0,68.
Total Bankrupt companies in the province :
1.648.
Total Bankrupt companies in the region :
20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.87 |
|
|
1 |
Rs.96.83 |
|
Euro |
1 |
Rs.76.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.