MIRA INFORM REPORT
|
Report Date : |
25.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
ATOMTEX FOULARDS S.R.L. |
|
|
|
|
Registered Office : |
Via Repubblica, 8, 22075 - Lurate Caccivio (CO) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
28.01.1981 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
·
Manufacture of textile ribbons, labels and
braidings ·
Manufacture of sportswear and particular apparel |
|
|
|
|
No. of Employees : |
from 11 to 15 |
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 – 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
ATOMTEX FOULARDS S.R.L.
Via Repubblica, 8
22075 - Lurate Caccivio (CO) -IT-
Summary
|
Fiscal Code |
: |
04916120159 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
11/03/1981 |
|
Equity |
: |
1.500.000 |
|
Turnover Range |
: |
10.000.000/12.750.000 |
|
Number of Employees |
: |
from 11 to 15 |
Activity
MANUFACTURE OF TEXTILES
Weaving of textiles
Manufacture of textile ribbons, labels and braidings
Various manufacture and accessories for apparel
Manufacture of sportswear and particular apparel
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 04916120159 |
|
Foreign Trade Reg. no. : CO006320 since 18/12/1991 |
|
Foreign Trade Reg. no. : 6320 of Como since 18/12/1991 |
|
Chamber of Commerce no. : 175843 of Como since 13/05/1981 |
|
Firms' Register : CO075-14418 of Como since 19/02/1996 |
|
V.A.T. Code : 00908750136 |
|
Tribunal Co. Register : 14418 of |
|
Foundation date |
: 28/01/1981 |
|
|
Establishment date |
: 28/01/1981 |
|
|
Start of Activities |
: 11/03/1981 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 50.490 |
|
|
Subscribed Capital |
: 50.490 |
|
|
Paid up Capital |
: 50.490 |
|
Members
|
|
Piatti |
Paolo |
|
|
|
Born in Varese |
(VA) |
on 24/05/1952 |
- Fiscal Code : PTTPLA52E24L682Z |
|
|
|
Residence: |
|
San Francesco |
, 62 |
- 21020 |
Inarzo |
(VA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
13/06/2001 |
|
|
|
|
Cairoli |
Paolo |
|
|
|
Born in Como |
(CO) |
on 13/08/1963 |
- Fiscal Code : CRLPLA63M13C933S |
|
|
|
Residence: |
|
Mentana |
, 32 |
- 22100 |
Como |
(CO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
13/06/2001 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Ponzellini |
Stefano |
|
|
|
Born in Varese |
(VA) |
on 29/03/1966 |
- Fiscal Code : PNZSFN66C29L682P |
|
|
|
Residence: |
|
Verdi |
, 30 |
- 21025 |
Comerio |
(VA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
13/06/2001 |
|
|
|
|
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.
|
|
Ponzellini |
Stefano |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Corte C. S.r.l. |
Varese (VA) - IT - |
02499310122 |
Board Chairman |
Active |
Registered |
|
La Brabbia - S.a.s. Di Maurizio Ponzellini E C. |
Varese (VA) - IT - |
00765780127 |
General Partner |
Active |
Registered |
|
Tessitura Piatti S.r.l. |
Inarzo (VA) - IT - |
02404880029 |
Sole 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 |
|
Ponzellini Stefano |
Comerio - IT - |
PNZSFN66C29L682P |
25.245 .Eur |
50,00 |
|
Italca S.r.l. |
|
01551280132 |
12.623 .Eur |
25,00 |
|
Orione - S.r.l. |
|
00853700128 |
12.622 .Eur |
24,99 |
Direct Participations
The Company under review has no participations in other Companies.
Firm's location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
since 11/03/1981 |
|
|
|
|
|
|
Repubblica |
, 8 |
- 22075 |
- Lurate Caccivio |
(CO) |
- IT - |
|
|
|
|
TELEX |
: 380255 |
|
|
|
|
PHONE |
: 031306787 |
|
|
|
|
PHONE |
: 031391139 |
|
|
|
|
FAX |
: 031391142 |
|
- |
Branch |
(Store) |
since 10/08/1986 |
until 16/09/1997 |
|
|
|
|
|
|
Carso |
, 20 |
- 22100 |
- Como |
(CO) |
- IT - |
|
|
|
|
PHONE |
: 031306787 |
|
- |
Branch |
(Sales office) |
since 01/06/1996 |
until 01/02/1998 |
|
|
|
|
|
|
Cavour |
, 27 |
- 22100 |
- Como |
(CO) |
- IT - |
|
|
|
|
PHONE |
: 031391139 |
|
|
|
|
Employees |
: 14 |
|
Fittings and Equipment for a value of 7.000 |
Eur |
|
Stocks for a value of 620.000 |
Eur |
|
Vehicles: 2. |
|
|
The firm operates abroad as exporter..
Export represents more than 50% of the global turnover.
Products abroad are placed by :
|
- direct orders from foreign companies |
Export is mainly towards:
|
- Great Britain |
|
- Belgium |
|
- Luxembourg |
|
- Portugal |
|
- Spain |
|
- Sweden |
|
- France |
|
- Stati Uniti |
|
- Germany |
Historical Information and/or
Firm's Status
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Limited liability company |
Other forms |
24/06/1997 |
EX-MEMBERS / EX-POSITIONS:
|
|
Ponzellini |
Stefano |
|
|
|
Born in Varese |
(VA) |
on 29/03/1966 |
|
|
|
Residence: |
|
Verdi |
, 30 |
- 21025 |
Comerio |
(VA) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Sole Director |
|
|
Pappalardo |
Gabriella |
|
|
|
Born in Biella |
(VC) |
on 24/02/1954 |
|
|
|
Residence: |
|
S. Francesco |
, 62 |
- 21020 |
Inarzo |
(VA) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Gatti |
Giancarlo |
|
|
|
Born in Como |
(CO) |
on 12/05/1949 |
- Fiscal Code : GTTGCR49E12C933M |
|
|
|
Fiscal residence: |
|
Monte Rotondo |
, 12 |
- 22075 |
Lurate Caccivio |
(CO) |
- IT - |
|
Ex-Postions |
|
Chairman |
|
|
Piatti |
Paolo |
|
|
|
Born in Varese |
(VA) |
on 24/05/1952 |
- Fiscal Code : PTTPLA52E24L682Z |
|
|
|
Residence: |
|
S. Francesco |
, 62 |
- 21020 |
Inarzo |
(VA) |
- IT - |
|
Ex-Postions |
|
Director |
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 analysis is based on the latest 3 balance sheets.
Unstable economic results mark the company's financial state of affairs.
with a loss in the last financial year. Business volume is falling in the last
financial year.
The operating result is negative.
The operating loss is equal to Eur. -583.589.
The gross operating margin for the fiscal year 2012 is negative, for an
amount of Eur. -554.974.
The analysis shows a fair financial position as the indebtedness volume
is acceptable (3,27) but with an increase as against the previous accounting
period.
It's shareholders funds amount to Eur. 1.081.559 with a -38,28% fall.
Total indebtedness amounts to Eur. 3.886.074, , with a fall of -23,37%.
The company does not exceed in bank credits; payments average period is
instead slightly high (95,45 gg.) but lined up with the field's average.
Liquidity is good (1,28)
Trade credits average terms are slow, on average 112,1 days. within the
average values of the sector.
A negative cash flow marked the year 2012 totalling Eur. -339.485.
Labour cost amounts to Eur. 552.109, with a 4,89% incidence on
production costs. and a 5,3% incidence on sales volumes.
The financial charges do not negatively affect the management, as they
are covered by the incomes.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
10.418.456 |
|
Profit (Loss) for the period |
-368.100 |
|
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
14.349.948 |
|
Profit (Loss) for the period |
615.089 |
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
14.079.215 |
|
Profit (Loss) for the period |
623.816 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
9.583.165 |
|
Profit (Loss) for the period |
649.096 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
8.637.450 |
|
Profit (Loss) for the period |
415.248 |
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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|
PROFIT AND LOSS ACCOUNTS
|
VALUE OF PRODUCTION |
|
|
|
|
. Revenues from sales and services |
10.418.456 |
14.349.948 |
14.079.215 |
|
. Changes in work in progress |
300.000 |
-12.260 |
-20.740 |
|
. Changes in semi-manufact. products |
|
|
|
|
. Capitalization of internal work |
|
|
|
|
. Other income and revenues |
|
|
|
|
. . Contributions for operating expenses |
|
|
|
|
. . Different income and revenues |
|
|
|
|
Total value of production |
10.718.456 |
14.337.688 |
14.058.475 |
|
PRODUCTION COSTS |
|
|
|
|
. Raw material,other materials and consum. |
5.425.727 |
7.227.791 |
8.048.842 |
|
. Services received |
4.615.432 |
4.907.276 |
3.658.759 |
|
. Leases and rentals |
61.645 |
61.205 |
49.986 |
|
. Payroll and related costs |
552.109 |
523.351 |
484.522 |
|
. . Wages and salaries |
393.658 |
370.907 |
|
|
. . Social security contributions |
121.039 |
113.542 |
|
|
. . Employee termination indemnities |
28.254 |
27.182 |
|
|
. . Pension and similar |
|
|
|
|
. . Other costs |
9.158 |
11.720 |
484.522 |
|
. Amortization and depreciation |
28.615 |
61.786 |
45.506 |
|
. . Amortization of intangible fixed assets |
1.437 |
1.560 |
460 |
|
. . Amortization of tangible fixed assets |
27.178 |
28.226 |
22.546 |
|
. . Depreciation of tangible fixed assets |
|
|
22.500 |
|
. . Writedown of current receiv.and of liquid |
|
32.000 |
|
|
. Changes in raw materials |
|
|
|
|
. Provisions to risk reserves |
|
|
|
|
. Other provisions |
|
|
|
|
. Other operating costs |
618.517 |
510.641 |
659.215 |
|
Total production costs |
11.302.045 |
13.292.050 |
12.946.830 |
|
Diff. between value and cost of product. |
-583.589 |
1.045.638 |
1.111.645 |
|
FINANCIAL INCOME AND EXPENSE |
|
|
|
|
. Income from equity investments |
|
|
|
|
. . In subsidiary companies |
|
|
|
|
. . In associated companies |
|
|
|
|
. . In other companies |
|
|
|
|
. Other financial income |
700 |
347 |
335 |
|
. . Financ.income from receivables |
|
|
|
|
. . . Towards subsidiary companies |
|
|
|
|
. . . Towards associated companies |
|
|
|
|
. . . Towards holding companies |
|
|
|
|
. . . Towards other companies |
|
|
|
|
. . Financ.income from secur. t.f.assets |
|
|
|
|
. . Financ.income from secur. cur.assets |
|
|
|
|
. . Financ.income other than the above |
|
347 |
|
|
. . . - Subsidiary companies |
|
|
|
|
. . . - Associated companies |
|
|
|
|
. . . - Holding companies |
|
|
|
|
. . . - Other companies |
|
347 |
|
|
. Interest and other financial expense |
21.305 |
-81.165 |
-148.952 |
|
. . Towards subsidiary companies |
|
|
|
|
. . Towards associated companies |
|
|
|
|
. . Towards holding companies |
|
|
|
|
. . Towards other companies |
|
81.165 |
|
|
Total financial income and expense |
22.005 |
-80.818 |
-148.617 |
|
ADJUSTMENTS TO FINANCIAL ASSETS |
|
|
|
|
. Revaluations |
|
|
|
|
. . Of equity investments |
|
|
|
|
. . Of financ.fixed assets not repres.E.I. |
|
|
|
|
. . Of securities incl.among current assets |
|
|
|
|
. Devaluation |
|
|
|
|
. . Of equity investments |
|
|
|
|
. . Of financial fixed assets (no equity inv) |
|
|
|
|
. . Of securities included among current ass |
|
|
|
|
Total adjustments to financial assets |
|
|
|
|
EXTRAORDINARY INCOME AND EXPENSE |
|
|
|
|
. Extraordinary income |
49.342 |
32.052 |
2.191 |
|
. . Gains on disposals |
|
|
|
|
. . Other extraordinary income |
49.342 |
32.052 |
2.191 |
|
. Extraordinary expense |
-8.390 |
-31.827 |
-1.307 |
|
. . Losses on disposals |
|
|
|
|
. . Taxes relating to prior years |
|
|
|
|
. . Other extraordinary expense |
-8.390 |
-31.827 |
-1.307 |
|
Total extraordinary income and expense |
40.952 |
225 |
884 |
|
Results before income taxes |
-520.632 |
965.045 |
963.912 |
|
. Taxes on current income |
-152.532 |
349.956 |
340.096 |
|
. . current taxes |
3.404 |
349.956 |
340.096 |
|
. . differed taxes(anticip.) |
-155.936 |
|
|
|
. Net income for the period |
-368.100 |
615.089 |
623.816 |
|
. Adjustments in tax regulations pursuance |
|
|
|
|
. Provisions in tax regulations pursuance |
|
|
|
|
. Profit (loss) of the year |
-368.100 |
615.089 |
623.816 |
|
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 |
0,03 |
0,01 |
0,02 |
0,14 |
|
Elasticity Ratio |
Units |
0,97 |
0,98 |
0,98 |
0,84 |
|
Availability of stock |
Units |
0,12 |
0,05 |
0,06 |
0,24 |
|
Total Liquidity Ratio |
Units |
0,85 |
0,94 |
0,92 |
0,53 |
|
Quick Ratio |
Units |
0,07 |
0,01 |
0,06 |
0,03 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
3,27 |
2,84 |
2,52 |
3,78 |
|
Self Financing Ratio |
Units |
0,21 |
0,25 |
0,26 |
0,17 |
|
Capital protection Ratio |
Units |
1,29 |
0,62 |
0,53 |
0,66 |
|
Liabilities consolidation quotient |
Units |
0,03 |
0,02 |
0,02 |
0,14 |
|
Financing |
Units |
3,59 |
2,89 |
2,76 |
4,55 |
|
Permanent Indebtedness Ratio |
Units |
0,23 |
0,27 |
0,27 |
0,33 |
|
M/L term Debts Ratio |
Units |
0,02 |
0,02 |
0,02 |
0,09 |
|
Net Financial Indebtedness Ratio |
Units |
0,64 |
0,65 |
0,46 |
1,26 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
9,16 |
26,07 |
15,20 |
1,87 |
|
Current ratio |
Units |
1,28 |
1,35 |
1,37 |
1,17 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,12 |
1,29 |
1,29 |
0,79 |
|
Structure's primary quotient |
Units |
8,21 |
24,60 |
14,35 |
1,13 |
|
Treasury's primary quotient |
Units |
0,10 |
0,02 |
0,09 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
474,58 |
397,18 |
386,20 |
587,75 |
|
Current Capital ( net ) |
Value |
1.096.052 |
1.766.793 |
1.474.319 |
209.248 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
-3,26 |
4,72 |
4,75 |
2,26 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-34,03 |
35,10 |
43,31 |
3,48 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-48,14 |
55,06 |
66,92 |
12,19 |
|
Return on Investment ( R.O.I. ) |
% |
-11,37 |
15,02 |
19,98 |
3,83 |
|
Return/ Sales |
% |
-5,60 |
7,29 |
7,90 |
3,45 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
58,82 |
56,12 |
20,46 |
|
Cash Flow |
Value |
-339.485 |
676.875 |
669.322 |
50.400 |
|
Operating Profit |
Value |
-583.589 |
1.045.638 |
1.111.645 |
68.610 |
|
Gross Operating Margin |
Value |
-554.974 |
1.107.424 |
1.157.151 |
124.742 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
112,10 |
160,99 |
115,46 |
120,68 |
|
Debts to suppliers average term |
Days |
95,45 |
107,62 |
87,68 |
115,81 |
|
Average stock waiting period |
Days |
21,42 |
8,03 |
8,50 |
78,40 |
|
Rate of capital employed return ( Turnover ) |
Units |
2,03 |
2,06 |
2,53 |
1,14 |
|
Rate of stock return |
Units |
16,80 |
44,84 |
42,37 |
4,57 |
|
Labour cost incidence |
% |
5,30 |
3,65 |
3,44 |
12,27 |
|
Net financial revenues/ charges incidence |
% |
0,21 |
-0,56 |
-1,06 |
-1,84 |
|
Labour cost on purchasing expenses |
% |
4,89 |
3,94 |
3,74 |
12,16 |
|
Short-term financing charges |
% |
n.c. |
1,60 |
3,75 |
3,35 |
|
Capital on hand |
% |
49,27 |
48,51 |
39,51 |
87,41 |
|
Sales pro employee |
Value |
744.175 |
896.871 |
938.614 |
245.343 |
|
Labour cost pro employee |
Value |
39.436 |
32.709 |
32.301 |
32.046 |
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 864 significant companies.
The companies cash their credits on an average of 121 dd.
The average duration of suppliers debts is about 116 dd.
The sector's profitability is on an average of 2,26%.
The labour cost affects the turnover in the measure of 12,27%.
Goods are held in stock in a range of 78 dd.
The difference between the sales volume and the resources used to
realize it is about 1,14.
The employees costs represent the 12,16% 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 50.886 protested subjects are found; in the province they
count to 3.842.
The insolvency index for the region is 0,55, , while for the province it
is 0,70.
Total Bankrupt companies in the province : 2.010.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.18 |
|
|
1 |
Rs.103.38 |
|
Euro |
1 |
Rs.85.09 |
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.