MIRA INFORM REPORT
|
Report Date : |
24.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
ECOGEST SRL |
|
|
|
|
Registered Office : |
Via O. Piotti, 66
Lavone, 25060 – Pezzaze (BS) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
23.02.1990 |
|
|
|
|
Com. Reg. No.: |
BS029-43312 of Brescia since 19/02/1996 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
· Wholesaler of wood, semi-finished in wood and artificial wood Retail
sale of hardware, paints, flat glass, electrical, plumbing and heating
materials |
|
|
|
|
No. of Employees : |
From 01 to 05 |
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 : |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 & address
Ecogest Srl
Via O. Piotti, 66
Lavone
25060 - Pezzaze (BS) -IT-
Summary
|
Fiscal Code |
: |
01571360989 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
23/07/1990 |
|
Equity |
: |
300.000 |
|
Turnover Range |
: |
3.750.000/5.000.000 |
|
Number of Employees |
: |
from 1 to 5 |
Financial situation
is not at its best, but credit is possible with no particular risks.
Activity
· Wholesaler of wood, semi-finished in wood and artificial wood
Retail
sale of hardware, paints, flat glass, electrical, plumbing and heating
materials
Legal Data
Legal Form : Limited liability
company
|
Fiscal Code : 01571360989 |
|
Municipal Licence : 32 of since 08/06/1994 |
|
Foreign Trade Reg. no. : BS053477 since
12/01/1995 |
|
Foreign Trade Reg. no. : 53477 of Brescia
since 12/01/1995 |
|
Chamber of Commerce no. : 323283 of
Brescia since 21/03/1990 |
|
Chamber of Commerce no. : 78623 of
Pordenone |
|
Chamber of Commerce no. : 208598 of Trento |
|
Chamber of Commerce no. : 302626 of
Treviso |
|
Firms' Register : BS029-43312 of Brescia since
19/02/1996 |
|
V.A.T. Code : 01571360989 |
|
R. E. C. no. : 531 of Brescia since
23/07/1990 |
|
R. E. C. no. : 720 of Brescia since
14/09/1990 |
|
Tribunal Co. Register : 43312 of since
14/03/1990 |
|
Foundation date |
: 23/02/1990 |
|
|
Establishment date |
: 23/02/1990 |
|
|
Start of Activities |
: 23/07/1990 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 100.000 |
|
|
Subscribed Capital |
: 100.000 |
|
|
Paid up Capital |
: 100.000 |
|
Members
|
|
Micheli |
Andrea |
|
|
|
Born in Brescia |
(BS) |
on 10/05/1970 |
- Fiscal Code : MCHNDR70E10B157V |
|
|
|
Residence: |
|
Calchera |
, 21/A |
- 25060 |
Tavernole sul Mella |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
01/04/2004 |
774 - |
0,77 |
|
Director |
01/04/2004 |
774 - |
0,77 |
|
|
No
Prejudicial events are reported |
|
|
No Protests
registered |
|
|
Gatta |
Marco |
|
|
|
Born in Tavernole sul Mella |
(BS) |
on 23/08/1963 |
- Fiscal Code : GTTMRC63M23C698E |
|
|
|
Residence: |
|
Don O. Piotti |
, 31 |
- 25060 |
Pezzaze |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
01/04/2004 |
8.521 - |
0,00 |
|
Managing Director |
01/04/2004 |
8.521 - |
0,00 |
|
Board Chairman |
01/04/2004 |
8.521 - |
0,00 |
|
|
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.
|
|
Gatta |
Marco |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Gatta Marco S.r.l. |
Pezzaze (BS) - IT - |
02116170172 |
Director |
Active |
Registered |
|
Gatta Marco S.r.l. |
Pezzaze (BS) - IT - |
02116170172 |
Person in charge |
Active |
Registered |
|
Gatta Marco S.r.l. |
Pezzaze (BS) - IT - |
02116170172 |
Managing
Director |
Active |
Registered |
|
Gatta Marco S.r.l. |
Pezzaze (BS) - IT - |
02116170172 |
Board Chairman |
Active |
Registered |
|
Immobiliare Gatta S.r.l. |
Pezzaze (BS) - IT - |
02522100987 |
Director |
Active |
Registered |
|
Immobiliare Gatta S.r.l. |
Pezzaze (BS) - IT - |
02522100987 |
Managing
Director |
Active |
Registered |
|
Immobiliare Gatta S.r.l. |
Pezzaze (BS) - IT - |
02522100987 |
Board Chairman |
Active |
Registered |
|
Nuova Iride S.r.l. |
Udine (UD) - IT - |
02637530300 |
Sole 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 |
|
Micheli Andrea |
Tavernole sul Mella - IT - |
MCHNDR70E10B157V |
5.000 .Eur |
5,00 |
|
Gatta Luca Mario |
|
GTTLMR83D05D150P |
95.000 .Eur |
95,00 |
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 |
|
Consorzio Nazionale Per La Raccolta, Il Recupero
E Il Riciclaggio Degli Imballag |
Cesenatico - IT - |
02549390405 |
|
|
|
|
Active |
Firm's location and structure
In order to carry out its
activities the firm uses the following locations:
|
- |
Legal and
operative seat |
|
since 16/04/1993 |
|
|
|
|
|
|
O. Piotti |
, 66 |
- 25060 |
- Pezzaze |
(BS) |
- IT - |
|
|
|
|
Total Surface: 65 Sq.mt. |
|
- |
Branch |
(office) |
since 02/02/1992 |
|
|
|
|
|
|
Amadini |
, 38 |
- 25060 |
- Tavernole sul Mella |
(BS) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 09/07/1993 |
|
|
|
|
|
|
O. Piotti |
, 12 |
- 25060 |
- Pezzaze |
(BS) |
- IT - |
|
- |
Branch |
(Shop) |
since 02/11/2011 |
|
|
|
|
|
|
Bernocchi |
, 37/A |
- 25069 |
- Villa Carcina |
(BS) |
- IT - |
|
|
|
|
Trading Style: FALCOFLOOR
PAVIMENTI IN LEGNO |
|
|
|
|
Total Surface: 69 Sq.mt. |
|
- |
Branch |
(Warehouse) |
since 21/01/2002 |
|
|
|
|
|
|
Scalo Ferroviario |
- 33077 |
- Sacile |
(PN) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 30/10/2006 |
|
|
|
|
|
|
Cornadella Snc |
- 33077 |
- Sacile |
(PN) |
- IT - |
|
- |
Branch |
(Shop) |
since 03/08/2011 |
|
|
|
|
|
|
Fratte |
, 51/52 |
- 38057 |
- Pergine Valsugana |
(TN) |
- IT - |
|
|
|
|
Trading Style: FALCOFLOOR PARQUET E
PAVIMENTI |
|
|
|
|
Total Surface: 135 Sq.mt. |
|
- |
Branch |
(Warehouse) |
since 15/10/2003 |
|
|
|
|
|
|
Matteotti |
, 1 |
- 31015 |
- Conegliano |
(TV) |
- IT - |
|
|
|
|
Employees |
: 3 |
|
|
|
|
Assistants |
: 2 |
|
Fittings and Equipment for a value of
90.000 |
Eur |
|
Stocks for a value of 260.000 |
Eur |
|
|
Historical Information and/or Firm's Status
COMPANY
STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Eco-Gest di Bontacchio Renato e C. S.a.s. |
|
16/04/1993 |
EX-MEMBERS
/ EX-POSITIONS:
|
|
Piotti Dario
Piergiovanni |
|
|
|
|
Born in Brescia |
(BS) |
on 06/11/1950 |
- Fiscal Code : PTTDPR50S06B157S |
|
|
|
Fiscal residence: |
|
Kennedy |
, 23 |
- 25060 |
Tavernole sul Mella |
(BS) |
- IT - |
|
Ex-Postions |
|
Limited Partner |
|
|
Pelizzari |
Mara Flavia |
|
|
|
Born in Brescia |
(BS) |
on 06/08/1964 |
- Fiscal Code : PLZMFL64M46B157W |
|
|
|
Residence: |
|
Kennedy |
, 26 |
- 25060 |
Tavernole sul Mella |
(BS) |
- IT - |
|
Ex-Postions |
|
Limited Partner |
|
|
Micheli |
Andrea |
|
|
|
Born in Brescia |
(BS) |
on 10/05/1970 |
- Fiscal Code : MCHNDR70E10B157V |
|
|
|
Residence: |
|
Calchera |
, 21/A |
- 25060 |
Tavernole sul Mella |
(BS) |
- IT - |
|
Ex-Postions |
|
General Partner |
|
|
Bontacchio
Renato |
|
|
|
|
Born in Bovegno |
(BS) |
on 30/07/1961 |
- Fiscal Code : BNTRNT61L30B100F |
|
|
|
Fiscal residence: |
|
Guglielmo |
, 15 |
- 25060 |
Tavernole sul Mella |
(BS) |
- IT - |
|
Ex-Postions |
|
General Partner |
|
|
Gatta |
Bruno |
|
|
|
Born in Gardone Val Trompia |
(BS) |
on 24/07/1956 |
- Fiscal Code : GTTBRN56L24D918S |
|
|
|
Fiscal residence: |
|
PIotti |
, 11 |
- 25060 |
Pezzaze |
(BS) |
- IT - |
|
Ex-Postions |
|
Limited Partner |
|
|
Gatta |
Marco |
|
|
|
Born in Tavernole sul Mella |
(BS) |
on 23/08/1963 |
- Fiscal Code : GTTMRC63M23C698E |
|
|
|
Residence: |
|
O.piotti |
, 31 |
- 25060 |
Pezzaze |
(BS) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
Board Chairman |
|
General Partner |
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 1990.
An eco-fin analysis has been
made on the base od the b/s fo the years 2010, 2011 and 2012.
Under the financial profile
unstable results are noted. with a negative economic result in the last
financial year. The turnover is growing in the last financial year (+7,71%).
The operating result was
positive in the last financial year (2,03%) falling within the field's average.
The amount of the operating
result for the year 2012 is of Eur. 36.508 showing a downwards trend equal to
-41,1% if compared to the value of the financial year 2011.
The G.O.M. amounted to Eur.
59.201 , with a -23,02% decrease.
The financial position is not
well balanced as the volume of debts is fairly remarkable if compared to
shareholder's equity, in fact total debts are 4,44 with an upward trend.
With regard to equity capital,
an amount of Eur. 277.447 is registered. on stable levels.
During the last financial year
total debts volume reached Eur. 1.444.933 (Eur. 177.329 were m/l term ones) ,
rising as opposed to the previous year (+20,97%).
Liquidity is good.
During financial year 2012 the
cash flow amounted to Eur. 6.325
Labour cost amounts to Eur.
109.890, with a 2,61% incidence on production costs. , whereas the incidence on
sales revenues is of 2,6%.
Limited financial charges in
relation to sales volume.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.234.074 |
|
Profit (Loss) for the period |
-16.368 |
|
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
3.930.969 |
|
Profit (Loss) for the period |
12.222 |
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
3.585.269 |
|
Profit (Loss) for the period |
-2.260 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.191.111 |
|
Profit (Loss) for the period |
8.343 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.514.387 |
|
Profit (Loss) for the period |
4.131 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
0,13 |
0,10 |
0,02 |
0,13 |
|
Elasticity Ratio |
Units |
0,87 |
0,90 |
0,98 |
0,86 |
|
Availability of stock |
Units |
0,14 |
0,14 |
0,23 |
0,43 |
|
Total Liquidity Ratio |
Units |
0,73 |
0,76 |
0,75 |
0,31 |
|
Quick Ratio |
Units |
0,02 |
0,02 |
0,03 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
4,44 |
3,67 |
3,52 |
3,98 |
|
Self Financing Ratio |
Units |
0,15 |
0,19 |
0,21 |
0,15 |
|
Capital protection Ratio |
Units |
0,70 |
0,62 |
0,65 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,15 |
0,08 |
0,01 |
0,18 |
|
Financing |
Units |
5,21 |
4,07 |
3,64 |
5,26 |
|
Permanent Indebtedness Ratio |
Units |
0,26 |
0,24 |
0,21 |
0,33 |
|
M/L term Debts Ratio |
Units |
0,11 |
0,06 |
0,00 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
2,74 |
0,90 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,99 |
2,39 |
13,21 |
2,05 |
|
Current ratio |
Units |
1,23 |
1,25 |
1,31 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,03 |
1,06 |
1,00 |
0,51 |
|
Structure's primary quotient |
Units |
1,18 |
1,84 |
12,95 |
1,01 |
|
Treasury's primary quotient |
Units |
0,03 |
0,03 |
0,03 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
648,82 |
531,06 |
486,47 |
648,19 |
|
Current Capital ( net ) |
Value |
293.534 |
282.068 |
316.424 |
102.498 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
0,15 |
0,69 |
0,41 |
2,38 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-5,90 |
4,16 |
-0,80 |
3,81 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-0,75 |
10,72 |
4,92 |
11,92 |
|
Return on Investment ( R.O.I. ) |
% |
2,03 |
3,97 |
2,52 |
3,28 |
|
Return/ Sales |
% |
0,86 |
1,58 |
0,96 |
3,01 |
|
Extra Management revenues/charges incid. |
% |
-44,83 |
19,72 |
-6,55 |
24,55 |
|
Cash Flow |
Value |
6.325 |
27.143 |
14.862 |
25.464 |
|
Operating Profit |
Value |
36.508 |
61.988 |
34.484 |
32.755 |
|
Gross Operating Margin |
Value |
59.201 |
76.909 |
51.606 |
54.739 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
n.c. |
n.c. |
98,98 |
61,66 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
18,57 |
139,97 |
|
Average stock waiting period |
Days |
21,69 |
19,70 |
32,04 |
132,27 |
|
Rate of capital employed return ( Turnover
) |
Units |
2,35 |
2,52 |
2,62 |
1,09 |
|
Rate of stock return |
Units |
16,60 |
18,27 |
11,23 |
2,67 |
|
Labour cost incidence |
% |
2,60 |
1,19 |
0,79 |
10,50 |
|
Net financial revenues/ charges incidence |
% |
-1,03 |
-0,78 |
-0,58 |
-1,44 |
|
Labour cost on purchasing expenses |
% |
2,61 |
1,21 |
0,80 |
10,43 |
|
Short-term financing charges |
% |
3,18 |
2,57 |
2,02 |
2,33 |
|
Capital on hand |
% |
42,52 |
39,69 |
38,21 |
91,36 |
|
Sales pro employee |
Value |
1.411.358 |
3.930.969 |
3.585.269 |
286.155 |
|
Labour cost pro employee |
Value |
36.630 |
46.783 |
28.418 |
32.316 |
Market / Territory Data
|
Population living in the province |
: |
1.169.259 |
|
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 non food products |
: |
2.090 |
|
- per energy consume |
: |
114 |
Sector Data
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.
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.61.99 |
|
UK Pound |
1 |
Rs.102.67 |
|
Euro |
1 |
Rs.83.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.