MIRA
INFORM REPORT
|
Report Date : |
06.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
METALLEGHE S.P.A. |
|
|
|
|
Registered Office : |
Via E. Fermi, 12, 25020 – Flero (BS) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
21.03.2008 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture of Iron, Steel and Ferro-Alloys. |
|
|
|
|
No. of Employees : |
from 51 to 70 |
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 : |
Regular |
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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 – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 high. 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 126% of GDP in 2012, and
investor concerns about the broader euro-zone crisis at times have caused
borrowing costs on sovereign government debt to rise to euro-era. During the
second half of 2011 the government passed three austerity packages to reduce
its budget deficit and help bring down borrowing costs. These measures included
a hike in the value-added tax, pension reforms, and cuts to public
administration. The government also faces pressure from investors and European
partners to sustain its recent efforts to address Italy's long-standing
structural impediments to growth, such as labor market inefficiencies and
widespread tax evasion. In 2012 economic growth and labor market conditions
deteriorated, with growth at -2.3% and unemployment rising to nearly 11%, with
youth unemployment around 35%. The government has undertaken several reform
initiatives designed to increase long-term economic growth. Italy's GDP is now
7% below its 2007 pre-crisis level.
|
Source
: CIA |
Company name and Address
Metalleghe S.p.A.
Via E. Fermi, 12
25020 – Flero (BS) -IT-
Summary
|
Fiscal Code |
: |
02711250981 |
|
Legal Form |
: |
Joint stock company |
|
Start of Activities |
: |
21/03/2008 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
100.000.000/150.000.000 |
|
Number of Employees |
: |
from 51 to 70 |
Activity
Iron metallurgy - Manufacture of iron, steel
and ferro-alloys
Legal Data
Legal Form: Joint stock company
|
Fiscal Code : 02711250981 |
|
Chamber of Commerce no. : 472782 of
Brescia since 14/01/2006 |
|
Chamber of Commerce no. : 1885568 of Monza
e Brianza |
|
V.A.T. Code : 02711250981 |
|
Establishment date |
: 29/12/2005 |
|
|
Start of Activities |
: 21/03/2008 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 3.200.000 |
|
|
Subscribed Capital |
: 3.200.000 |
|
|
Paid up Capital |
: 3.200.000 |
|
Members
|
|
Fedrigolli |
Maria Teresa |
|
|
|
Born in Lodi |
(MI) |
on 20/08/1950 |
- Fiscal Code : FDRMTR50M60E648R |
|
|
|
Residence: |
|
Cave |
, 5 |
- 25100 |
Brescia |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
20/05/2011 |
|
|
|
Managing Director |
20/05/2011 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Dusi |
Guido |
|
|
|
Born in Brescia |
(BS) |
on 04/06/1945 |
- Fiscal Code : DSUGDU45H04B157H |
|
|
|
Residence: |
|
Cave |
, 5 |
- 25100 |
Brescia |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
20/05/2011 |
|
|
|
Director |
20/05/2011 |
|
|
|
Managing Director |
20/05/2011 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Dusi |
Silvia |
|
|
|
Born in Desenzano del Garda |
(BS) |
on 04/02/1974 |
- Fiscal Code : DSUSLV74B44D284N |
|
|
|
Residence: |
|
Fontane |
, 58 |
- 25015 |
Brescia |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
20/05/2011 |
|
|
|
Managing Director |
20/05/2011 |
|
|
|
|
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.
|
|
Fedrigolli |
Maria Teresa |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Esart Fonderie S.r.l. |
Flero (BS) - IT - |
02818610178 |
Director |
Active |
Registered |
|
Esart Fonderie S.r.l. |
Flero (BS) - IT - |
02818610178 |
Sole Director |
Withdrawn |
Registered |
|
Esart Fonderie S.r.l. |
Flero (BS) - IT - |
02818610178 |
Managing
Director |
Active |
Registered |
|
Esart Fonderie S.r.l. |
Flero (BS) - IT - |
02818610178 |
Board Chairman |
Active |
Registered |
|
Metalleghe S.p.a. |
Flero (BS) - IT - |
02959120177 |
Director |
Withdrawn |
Merged |
|
|
Dusi |
Guido |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Esart Fonderie S.r.l. |
Flero (BS) - IT - |
02818610178 |
Director |
Active |
Registered |
|
Esart Fonderie S.r.l. |
Flero (BS) - IT - |
02818610178 |
Managing
Director |
Active |
Registered |
|
Euroleghe S.r.l. |
Flero (BS) - IT - |
02822110173 |
Chairman |
Withdrawn |
Ceased |
|
Euroleghe S.r.l. |
Flero (BS) - IT - |
02822110173 |
Managing
Director |
Withdrawn |
Ceased |
|
Metalleghe S.p.a. |
Flero (BS) - IT - |
02959120177 |
Chairman |
Withdrawn |
Merged |
|
Metalleghe S.p.a. |
Flero (BS) - IT - |
02959120177 |
Managing
Director |
Withdrawn |
Merged |
|
Metalleghe S.p.a. |
Flero (BS) - IT - |
02959120177 |
Director |
Withdrawn |
Merged |
|
Metalleghe S.p.a. |
Flero (BS) - IT - |
02959120177 |
Managing
Director |
Withdrawn |
Merged |
|
F.m.c. Maranta S.r.l. |
Concesio (BS) - IT - |
03282380173 |
Director |
Withdrawn |
Registered |
|
F.m.c. Maranta S.r.l. |
Concesio (BS) - IT - |
03282380173 |
Board Chairman |
Withdrawn |
Registered |
|
Gefimet S.r.l. |
Flero (BS) - IT - |
02141320172 |
Sole Director |
Withdrawn |
Registered |
|
Metalleghe S.p.a. |
Flero (BS) - IT - |
01502460171 |
Chairman |
Withdrawn |
Ceased |
|
Metalleghe S.p.a. |
Flero (BS) - IT - |
01502460171 |
Managing
Director |
Withdrawn |
Ceased |
|
Eurometa SA |
Chambery - FR - |
91B434 |
Chairman |
Withdrawn |
Registered |
|
Metalco Di Dusi Guido |
Bovezzo (BS) - IT - |
DSUGDU45H04B157H |
Proprietor |
Withdrawn |
Ceased |
|
Ingegno 2008 S.r.l. |
Castel Mella (BS) - IT - |
03093970980 |
Director |
Active |
Registered |
|
Gisatec S.r.l. |
Castel Mella (BS) - IT - |
02544880988 |
Director |
Active |
Registered |
|
Gisatec S.r.l. |
Castel Mella (BS) - IT - |
02544880988 |
Assistant board
Chairman |
Active |
Registered |
|
Gisatec S.r.l. |
Castel Mella (BS) - IT - |
02544880988 |
Managing
Director |
Active |
Registered |
|
|
Dusi |
Silvia |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Esart Fonderie S.r.l. |
Flero (BS) - IT - |
02818610178 |
Director |
Active |
Registered |
|
Esart Fonderie S.r.l. |
Flero (BS) - IT - |
02818610178 |
Managing
Director |
Active |
Registered |
|
Gisatec S.r.l. |
Castel Mella (BS) - IT - |
02544880988 |
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 |
|
Fedrigolli Maria Teresa |
Brescia - IT - |
FDRMTR50M60E648R |
960.000 .Eur |
30,00 |
|
Dusi Guido |
Brescia - IT - |
DSUGDU45H04B157H |
2.240.000 .Eur |
70,00 |
Direct Participations
The
Company has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares
Amount |
% Ownership |
since |
until |
Share Status |
|
Esart Fonderie S.r.l. |
Flero - IT - |
02818610178 |
41.184 .Eur |
80,00 |
|
|
Active |
|
Metalleghe S.p.a. |
Flero - IT - |
02959120177 |
|
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 |
(Factory) |
|
|
|
|
|
|
E. Fermi |
, 12 |
- 25020 |
- Flero |
(BS) |
- IT - |
|
|
|
|
PHONE |
: 0302680261 |
|
- |
Branch |
(Sales office) |
since 27/08/2012 |
|
|
|
|
|
|
Guidoni |
, 7 |
- 20035 |
- Lissone |
(MB) |
- IT - |
|
|
|
|
Employees |
: 51 |
|
Fittings and Equipment for a value of
520.000 |
Eur |
|
Stocks for a value of 6.680.000 |
Eur |
Historical Information and/or Firm's Status
CHANGES TO THE
LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Sole-Member Limited Liability Company |
Joint stock company with sole shareholder |
14/07/2008 |
EX-MEMBERS /
EX-POSITIONS:
|
|
Rivetti |
Diego |
|
|
|
Born in Rovato |
(BS) |
on 30/09/1957 |
- Fiscal Code : RVTDGI57P30H598O |
|
|
|
Residence: |
|
Della Loggia |
, 5 |
- 25121 |
Brescia |
(BS) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Gefimet S.r.l. |
|
|
- Fiscal Code : 02141320172 |
|
|
|
: |
|
E. Fermi |
, 16 |
- 25020 |
Flero |
(BS) |
- IT - |
|
Ex-Postions |
|
Sole partner |
|
|
Migliarini |
Cristina |
|
|
|
Born in Brescia |
(BS) |
on 08/02/1975 |
- Fiscal Code : MGLCST75B48B157Z |
|
|
|
Residence: |
|
Bonomelli |
, 34 |
- 25100 |
Brescia |
(BS) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
CEASINGS/INCORPORATIONS/MERGES
|
|
Project of
merging by taking over of |
|
|
|
|
|
|
|
|
E. Fermi |
, 12/14 |
, 25020 |
, Flero |
(BS) |
- IT - |
|
|
|
Fiscal Code: 02959120177 |
|
|
|
Date |
Merging/splitting-up project: |
21/03/2008 |
|
|
The firm
absorbed by merging of |
|
|
|
|
|
|
|
|
E. Fermi |
, 12/14 |
, 25020 |
, Flero |
(BS) |
- IT - |
|
|
|
Fiscal Code: 02959120177 |
|
|
|
Date |
: |
14/07/2008 |
|
|
Project of
merging by taking over of |
|
|
|
|
|
|
|
|
E. Fermi |
, 16 |
, 25020 |
, Flero |
(BS) |
- IT - |
|
|
|
Fiscal Code: 02141320172 |
|
|
|
Date |
Merging/splitting-up project: |
31/08/2011 |
|
|
The firm
absorbed by merging of |
|
|
|
|
|
|
|
|
E. Fermi |
, 16 |
, 25020 |
, Flero |
(BS) |
- IT - |
|
|
|
Fiscal Code: 02141320172 |
|
|
|
Date |
: |
06/12/2011 |
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 2008.
The analysis is based on the latest 3
balance sheets.
During the last years, it achieved profits
(r.o.e. 24,27% on 2012)
The operating result in 2012 was positive
(2,24%) falling within the field's average.
The operating result is positive and amounts
to Eur. 1.490.440 rising (+more then 100%) in relation to the previous year.
The G.O.M. amounted to Eur. 2.246.012
growing by 72,56% if compared to the year before.
The analysis shows a fair financial position
as the indebtedness volume is acceptable (2,53) and decreasing as against 2011.
It's shareholders funds amount to Eur.
17.080.344 with a growth of 32,04% in 2012.
During the last financial year debts
totalled Eur. 48.340.038 (Eur. 4.840.971 of which were m/l term debts) on the
same levels as the year before.
The exposure towards banks is slightly high,
the recourse to suppliers' credit is limited which is also lower than the
sector average.
The management determines a good range of
liquidity.
Due from customers average term is high and
equal to 101,99 days. also in relation to the average of the sector.
During financial year 2012 the cash flow
amounted to Eur. 4.900.558
Labour cost expenses amount to Eur.
2.993.974 , representing 2,43% on the total of production costs. and a 2,38%
incidence on sales volumes.
The financial management is positive as
incomes are higher than the charges.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
126.052.585 |
|
Profit (Loss) for the period |
4.144.986 |
|
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
140.173.394 |
|
Profit (Loss) for the period |
2.632.142 |
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
123.110.294 |
|
Profit (Loss) for the period |
3.087.388 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
65.718.888 |
|
Profit (Loss) for the period |
-419.167 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
129.837.918 |
|
Profit (Loss) for the period |
2.984.894 |
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 31/12/2012 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet
as at 31/12/2011 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet
as at 31/12/2010 - 12 Mesi - Currency: - Amounts x 1 |
|
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|
|
RATIOS |
Value
Type |
as at 31/12/2012 |
as at 31/12/2011 |
as at 31/12/2010 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,27 |
0,14 |
0,16 |
0,30 |
|
Elasticity Ratio |
Units |
0,73 |
0,86 |
0,83 |
0,68 |
|
Availability of stock |
Units |
0,10 |
0,11 |
0,13 |
0,21 |
|
Total Liquidity Ratio |
Units |
0,63 |
0,75 |
0,70 |
0,42 |
|
Quick Ratio |
Units |
0,01 |
0,00 |
0,00 |
0,01 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
2,53 |
4,07 |
3,77 |
2,31 |
|
Self Financing Ratio |
Units |
0,26 |
0,18 |
0,20 |
0,21 |
|
Capital protection Ratio |
Units |
0,57 |
0,55 |
0,58 |
0,61 |
|
Liabilities consolidation quotient |
Units |
0,13 |
0,12 |
0,07 |
0,17 |
|
Financing |
Units |
2,83 |
4,51 |
4,00 |
3,62 |
|
Permanent Indebtedness Ratio |
Units |
0,34 |
0,27 |
0,25 |
0,36 |
|
M/L term Debts Ratio |
Units |
0,09 |
0,09 |
0,05 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
2,00 |
3,41 |
2,94 |
1,42 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,29 |
1,96 |
1,53 |
1,11 |
|
Current ratio |
Units |
1,12 |
1,18 |
1,11 |
1,10 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,96 |
1,02 |
0,94 |
0,72 |
|
Structure's primary quotient |
Units |
0,97 |
1,31 |
1,20 |
0,81 |
|
Treasury's primary quotient |
Units |
0,01 |
0,01 |
0,00 |
0,02 |
|
Rate of indebtedness ( Leverage ) |
% |
388,73 |
557,16 |
504,78 |
468,75 |
|
Current Capital ( net ) |
Value |
5.112.210 |
9.324.646 |
6.464.671 |
525.922 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
3,89 |
2,41 |
3,16 |
2,32 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
24,27 |
20,35 |
20,71 |
3,79 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
28,18 |
23,18 |
25,00 |
10,56 |
|
Return on Investment ( R.O.I. ) |
% |
2,24 |
0,76 |
2,56 |
3,84 |
|
Return/ Sales |
% |
1,18 |
0,39 |
1,57 |
3,06 |
|
Extra Management revenues/charges incid. |
% |
278,10 |
478,98 |
160,19 |
32,18 |
|
Cash Flow |
Value |
4.900.558 |
3.384.154 |
3.894.838 |
1.200.022 |
|
Operating Profit |
Value |
1.490.440 |
549.526 |
1.927.312 |
1.374.962 |
|
Gross Operating Margin |
Value |
2.246.012 |
1.301.538 |
2.734.762 |
2.131.798 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
101,99 |
103,68 |
107,95 |
85,05 |
|
Debts to suppliers average term |
Days |
38,19 |
35,21 |
41,92 |
89,46 |
|
Average stock waiting period |
Days |
19,07 |
21,06 |
28,77 |
47,61 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,90 |
1,94 |
1,64 |
1,45 |
|
Rate of stock return |
Units |
18,88 |
17,09 |
12,51 |
7,34 |
|
Labour cost incidence |
% |
2,38 |
2,01 |
1,81 |
5,48 |
|
Net financial revenues/ charges incidence |
% |
2,53 |
1,65 |
1,49 |
-1,06 |
|
Labour cost on purchasing expenses |
% |
2,43 |
2,02 |
1,82 |
5,52 |
|
Short-term financing charges |
% |
2,81 |
2,46 |
1,44 |
2,49 |
|
Capital on hand |
% |
52,67 |
51,42 |
61,13 |
68,88 |
|
Sales pro employee |
Value |
2.471.619 |
2.982.412 |
2.676.310 |
796.124 |
|
Labour cost pro employee |
Value |
58.705 |
60.056 |
48.532 |
44.281 |
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 377
significant companies.
The companies cash their credits on an
average of 85 dd.
The average duration of suppliers debts is
about 89 dd.
The sector's profitability is on an average
of 2,32%.
The labour cost affects the turnover in the
measure of 5,48%.
Goods are held in stock in a range of 48 dd.
The difference between the sales volume and
the resources used to realize it is about 1,45.
The employees costs represent the 5,52% of
the production costs.
Statistical Detrimental Data
Statistically 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.62.41 |
|
|
1 |
Rs.102.54 |
|
Euro |
1 |
Rs.85.20 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.