|
Report Date : |
30.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
B E L INDUSTRIES SRL |
|
|
|
|
Registered Office : |
Viale Del Lavoro, 18/3 35020 - Ponte San Nicolo' (PD) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
03.09.2007 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Wholesale of fire-prevention and accident-prevention goods |
|
|
|
|
No. of Employees |
From 11 to 15 |
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 : |
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 – 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 |
B E L INDUSTRIES SRL
Viale Del Lavoro, 18/3 35020 - Ponte San Nicolo' (PD) -IT-
|
Fiscal Code |
: |
04229760287 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
03/09/2007 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
15.500.000/18.000.000 |
|
Number of Employees |
: |
from 11 to 15 |
Wholesale of fire-prevention and accident-prevention goods
Legal Form : Limited liability company
|
Fiscal Code : 04229760287 |
|
Foreign Trade Reg. no. : PD055192 since 26/10/2007 |
|
Chamber of Commerce no. : 120849 of L'Aquila |
|
Chamber of Commerce no. : 372756 of Padova since 03/09/2007 |
|
Chamber of Commerce no. : 517349 of Prato |
|
Chamber of Commerce no. : 1248106 of Roma |
|
V.A.T. Code : 04229760287 |
|
Establishment date |
: 28/08/2007 |
|
|
Start of Activities |
: 03/09/2007 |
|
|
Legal duration |
: 31/12/2051 |
|
|
Nominal Capital |
: 1.200.000 |
|
|
Subscribed Capital |
: 1.200.000 |
|
|
Paid up Capital |
: 1.200.000 |
|
|
Santinello |
Sabina |
|
|
Born in Padova |
(PD) |
on 18/12/1971 |
- Fiscal Code : SNTSBN71T58G224S |
|
|
Residence: |
|
Damiano Chiesa |
, 15 |
- 35020 |
Albignasego |
(PD) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
31/01/2014 |
|
|
|
No Prejudicial events are reported |
|
No Protests registered |
|
Verdaguer |
Miquel |
|
|
Born in Terrassa |
( ) |
on 30/01/1963 |
|
|
Residence: |
Sant Genis |
, 67 |
Terrassa |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Person in charge |
20/12/2010 |
|
|
*checkings have been performed on a national scale.
In this module are listed the companies in which members hold or have holded positions.
|
Santinello |
Sabina |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Parfim Srl |
Roma (RM) - IT - |
09079601002 |
Director |
Withdrawn |
Registered |
|
Parfim Srl |
Roma (RM) - IT - |
09079601002 |
Managing Director |
Withdrawn |
Registered |
|
H 1 S.r.l. |
Ponte San Nicolo' (PD) - IT - |
08736241004 |
Sole Director |
Withdrawn |
Registered |
|
H 1 S.r.l. |
Ponte San Nicolo' (PD) - IT - |
08736241004 |
Sole partner |
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.
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Santinello Sabina |
Albignasego - IT - |
SNTSBN71T58G224S |
1.050.000 .Eur |
87,50 |
|
International Trade Consulting Limited |
|
|
150.000 .Eur |
12,50 |
The Company under review has no participations in other Companies.
In order to carry out its activities the firm uses the following locations:
|
- |
Legal and operative seat |
|
|
|
|
|
|
|
Del Lavoro |
, 18/3 |
- 35020 |
- Ponte San Nicolo' |
(PD) |
- IT - |
|
|
|
|
PHONE |
: 0498960795 |
|
|
|
|
FAX |
: 049718742 |
|
|
|
|
|
: info@pipeuro.com |
|
- |
Secondary office |
|
since 13/07/2010 |
|
|
|
|
|
Gutenber - 3er H |
, 3-13 |
- Barcellona Terrassa |
- IT - |
|
- |
Branch |
(Administrative office) |
since 13/10/2009 |
|
|
|
|
|
|
Di Grotta Perfetta |
, 600 |
- 00100 |
- Roma |
(RM) |
- IT - |
|
- |
Branch |
(Store) |
since 30/09/2007 |
|
|
|
|
|
|
Di Valle Arcione |
, 3 |
- 67027 |
- Raiano |
(AQ) |
- IT - |
|
- |
Branch |
(Administrative office) |
since 10/01/2013 |
|
|
|
|
|
|
Della Repubblica |
, 298 |
- 50047 |
- Prato |
(PO) |
- IT - |
|
|
|
|
Employees |
: 15 |
|
Fittings and Equipment for a value of 18.000 |
Eur |
|
Stocks for a value of 6.210.000 |
Eur |
|
|
EX-MEMBERS / EX-POSITIONS:
|
Parfim Srl |
|
|
- Fiscal Code : 09079601002 |
|
|
: |
|
Del Poggio Laurentino |
, 18 |
- 00144 |
Roma |
(RM) |
- IT - |
|
Ex-Postions |
|
Sole partner |
|
Santinello |
Sabina |
|
|
Born in Padova |
(PD) |
on 18/12/1971 |
- Fiscal Code : SNTSBN71T58G224S |
|
|
Residence: |
|
Damiano Chiesa |
, 15 |
- 35020 |
Albignasego |
(PD) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
Board Chairman |
|
Managing Director |
|
Milot |
Joseph Iii |
|
|
Born in Ohio |
( ) |
on 20/06/1982 |
|
|
Residence: |
Long Shadow Drive |
, 12 |
Latham |
- IT - |
|
Ex-Postions |
|
Director |
|
Assistant board Chairman |
|
Voltan |
Fabio |
|
|
Born in Conselve |
(PD) |
on 06/03/1973 |
- Fiscal Code : VLTFBA73C06C964O |
|
|
Residence: |
|
Damiano Chiesa |
, 15 |
- 35020 |
Albignasego |
(PD) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
Milot |
Joseph Iii |
|
|
Born in Ohio |
( ) |
on 20/06/1982 |
|
|
Residence: |
Long Shadow Drive |
, 12 |
Latham |
- IT - |
|
Ex-Postions |
|
Director |
|
Assistant board Chairman |
|
Milot Jr |
Joseph Antony |
|
|
Born in New York |
( ) |
on 16/07/1954 |
- Fiscal Code : MLTJPH54L16Z404M |
|
|
Residence: |
|
D'italia |
, 92 |
- 00198 |
Roma |
(RM) |
- IT - |
|
Ex-Postions |
|
Board Chairman |
|
Director |
|
Tao |
Jun Hwa Paul |
|
|
Born in Hong Kong |
( ) |
on 03/10/1972 |
|
|
Residence: |
|
D'italia |
, 92 |
- 00198 |
Roma |
(RM) |
- IT - |
|
Ex-Postions |
|
Director |
|
Perrone |
Angela |
|
|
Born in Roma |
(RM) |
on 03/07/1967 |
- Fiscal Code : PRRNGL67L43H501U |
|
|
Residence: |
|
Rodi |
, 24 |
- 00195 |
Roma |
(RM) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
Verdaguer |
Miquel |
|
|
Born in Terrassa |
( ) |
on 30/01/1963 |
|
|
Residence: |
Sant Genis |
, 67 |
Terrassa |
- ES - |
|
Ex-Postions |
|
Person in charge |
|
Tao |
Jun Hwa Paul |
|
|
Born in Hong Kong |
( ) |
on 03/10/1972 |
|
|
Residence: |
|
D'italia |
, 92 |
- 00198 |
Roma |
(RM) |
- IT - |
|
Ex-Postions |
|
Director |
|
Verdaguer |
Miquel |
|
|
Born in Terrassa |
( ) |
on 30/01/1963 |
|
|
Residence: |
Sant Genis |
, 67 |
Terrassa |
- IT - |
|
Ex-Postions |
|
Person in charge |
|
Verdaguer |
Miquel |
|
|
Born in Terrassa |
( ) |
on 30/01/1963 |
|
|
Residence: |
Sant Genis |
, 67 |
Terrassa |
- IT - |
|
Ex-Postions |
|
Person in charge |
|
Borzumato |
Francesco Rosario |
|
|
Born in Sant'Eufemia d'Aspromonte |
(RC) |
on 15/12/1938 |
- Fiscal Code : BRZFNC38T15I333F |
|
|
Residence: |
|
Portuense |
, 814 |
- 00148 |
Roma |
(RM) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
Navarra |
Ercole |
|
|
Born in Roma |
(RM) |
on 08/05/1935 |
- Fiscal Code : NVRRCL35E08H501M |
|
|
Residence: |
|
Dell'olgiata |
, 15 |
- 00123 |
Roma |
(RM) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
Grossi |
Stefano |
|
|
Born in Roma |
(RM) |
on 02/01/1963 |
- Fiscal Code : GRSSFN63A02H501C |
|
|
Residence: |
|
Francesco Crispi |
, 10 |
- 00100 |
Roma |
(RM) |
- IT - |
|
Ex-Postions |
|
Board Chairman |
|
Director |
|
Annibali |
Paolo |
|
|
Born in Spoleto |
(PG) |
on 11/10/1943 |
- Fiscal Code : NNBPLA43R11I921A |
|
|
Residence: |
|
Del Castel Amato |
, S.C. |
- 00020 |
Cervara di Roma |
(RM) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
Cardile |
Rosario |
|
|
Born in Melito Di Porto Salvo |
(RC) |
on 10/04/1973 |
- Fiscal Code : CRDRSR73D10F112L |
|
|
Residence: |
|
Ottorino Gentiloni |
, 73 |
- 00139 |
Roma |
(RM) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
Project of merging by taking over of |
|
|
|
Parfim Srl |
|
|
|
Del Poggio Laurentino |
, 18 |
, 00144 |
, Roma |
(RM) |
- IT - |
|
|
Fiscal Code: 09079601002 |
|
|
Date |
Merging/splitting-up project: |
10/12/2009 |
|
Project of merging by taking over of |
|
|
|
Parfim Srl |
|
|
|
Del Poggio Laurentino |
, 18 |
, 00144 |
, Roma |
(RM) |
- IT - |
|
|
Fiscal Code: 09079601002 |
|
|
Date |
Merging/splitting-up project: |
15/06/2010 |
|
The firm absorbed by merging of |
|
|
|
Parfim Srl |
|
|
|
Del Poggio Laurentino |
, 18 |
, 00144 |
, Roma |
(RM) |
- IT - |
|
|
Fiscal Code: 09079601002 |
|
|
Date |
: |
16/11/2010 |
Protests checking on the subject firm has given a negative result.
Search performed on a National Scale
|
|
Prejudicial Events Search Result: NEGATIVE |
Search performed on a specialized data base.
None reported, standing to the latest received edition of the Official Publications.
Company's starting of activities dates back to 2007.
The analysis is based on the latest 3 balance sheets.
Under the financial profile unstable results are noted. anyway in 2013 a positive result was achieved (r.o.e. 0,42%). Upward trend as to the turnover in the last financial year (+48,09%).
The operating result in 2013 was positive (2,16%) and reflects the field's average.
The operating result is positive and amounts to Eur. 358.101 with a -45,94% drop.
The G.O.M. amounted to Eur. 448.228 showing a drop (-40,78%).
Very good financial situation: shareholder's equity covers short-terms debts with an indebtedness level equal to 0,8 lower than in 2012.
The management generated equity capital for an amount of Eur. 8.659.232 , with an upward trend.
Total indebtedness was equal to Eur. 7.710.525 (Eur. 450.124 was the value of m/l term debts) , with a fall of -24,61%.
Financial debts exposure is under control while the recourse to commercial credit is rather frequent and higher than sector's average.
Liquidity is good (2,14)
Trade credits average terms are slow, on average 183,19 days. and higher than the average of the sector.
Eur. 126.267 is the value of cash flow during the year 2013
Labour cost amounts to Eur. 683.111, with a 4% incidence on production costs. , whereas the incidence on sales revenues is of 3,96%.
Financial charges have a limited incidence (-0,93%) on sales volume.
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
17.257.400 |
|
Profit (Loss) for the period |
36.140 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
11.652.800 |
|
Profit (Loss) for the period |
29.101 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
10.963.685 |
|
Profit (Loss) for the period |
-14.600 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
9.776.223 |
|
Profit (Loss) for the period |
113.334 |
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
7.111.893 |
|
Profit (Loss) for the period |
72.146 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
0,08 |
0,08 |
0,10 |
|
Elasticity Ratio |
Units |
0,93 |
0,91 |
0,90 |
0,87 |
|
Availability of stock |
Units |
0,37 |
0,35 |
0,13 |
0,21 |
|
Total Liquidity Ratio |
Units |
0,56 |
0,56 |
0,77 |
0,61 |
|
Quick Ratio |
Units |
0,02 |
0,03 |
0,13 |
0,03 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
0,80 |
4,11 |
4,05 |
4,04 |
|
Self Financing Ratio |
Units |
0,52 |
0,18 |
0,17 |
0,16 |
|
Capital protection Ratio |
Units |
0,86 |
0,47 |
0,48 |
0,59 |
|
Liabilities consolidation quotient |
Units |
0,07 |
0,04 |
0,01 |
0,11 |
|
Financing |
Units |
0,89 |
4,44 |
4,88 |
4,85 |
|
Permanent Indebtedness Ratio |
Units |
0,55 |
0,21 |
0,17 |
0,26 |
|
M/L term Debts Ratio |
Units |
0,03 |
0,03 |
0,01 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
0,15 |
1,40 |
0,76 |
1,01 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
9,52 |
2,59 |
2,08 |
2,12 |
|
Current ratio |
Units |
2,14 |
1,18 |
1,12 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,28 |
0,72 |
0,96 |
0,88 |
|
Structure's primary quotient |
Units |
8,96 |
2,19 |
1,98 |
1,40 |
|
Treasury's primary quotient |
Units |
0,05 |
0,04 |
0,16 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
191,73 |
556,89 |
604,42 |
620,22 |
|
Current Capital ( net ) |
Value |
8.253.148 |
1.795.184 |
1.349.994 |
131.414 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
0,73 |
1,06 |
0,82 |
2,27 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
0,42 |
1,26 |
-0,64 |
6,70 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
2,76 |
8,41 |
4,34 |
18,85 |
|
Return on Investment ( R.O.I. ) |
% |
2,16 |
5,16 |
2,46 |
4,76 |
|
Return/ Sales |
% |
2,08 |
5,69 |
3,09 |
3,70 |
|
Extra Management revenues/charges incid. |
% |
10,09 |
4,39 |
-4,31 |
28,15 |
|
Cash Flow |
Value |
126.267 |
123.474 |
90.201 |
39.655 |
|
Operating Profit |
Value |
358.101 |
662.535 |
338.514 |
63.123 |
|
Gross Operating Margin |
Value |
448.228 |
756.908 |
443.315 |
99.042 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
183,19 |
187,16 |
244,29 |
119,16 |
|
Debts to suppliers average term |
Days |
140,27 |
145,99 |
243,30 |
116,83 |
|
Average stock waiting period |
Days |
129,52 |
140,00 |
59,73 |
58,39 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,04 |
0,91 |
0,80 |
1,36 |
|
Rate of stock return |
Units |
2,78 |
2,57 |
6,03 |
6,14 |
|
Labour cost incidence |
% |
3,96 |
5,71 |
4,99 |
8,98 |
|
Net financial revenues/ charges incidence |
% |
-0,93 |
-2,41 |
-2,08 |
-1,08 |
|
Labour cost on purchasing expenses |
% |
4,00 |
5,97 |
4,89 |
8,98 |
|
Short-term financing charges |
% |
2,08 |
2,76 |
2,05 |
2,60 |
|
Capital on hand |
% |
96,20 |
110,15 |
125,46 |
73,17 |
|
Sales pro employee |
Value |
1.327.492 |
582.640 |
644.922 |
394.001 |
|
Labour cost pro employee |
Value |
52.547 |
33.287 |
32.201 |
34.340 |
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.
|
Population living in the province |
: |
882.779 |
|
Population living in the region |
: |
4.699.950 |
|
Number of families in the region |
: |
1.813.210 |
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
456 |
|
- per non food products |
: |
2.052 |
|
- per energy consume |
: |
127 |
The values are calculated on a base of 2.551 significant companies.
The companies cash their credits on an average of 119 dd.
The average duration of suppliers debts is about 117 dd.
The sector's profitability is on an average of 2,27%.
The labour cost affects the turnover in the measure of 8,98%.
Goods are held in stock in a range of 58 dd.
The difference between the sales volume and the resources used to realize it is about 1,36.
The employees costs represent the 8,98% of the production costs.
Statistcally the trade activity shows periods of crisis.
The area is statistically considered moderately risky.
In the region 13.782 protested subjects are found; in the province they count to 2.646.
The insolvency index for the region is 0,30, , while for the province it is 0,30.
Total Bankrupt companies in the province : 3.821.
Total Bankrupt companies in the region : 16.714.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.10 |
|
|
1 |
Rs.102.04 |
|
Euro |
1 |
Rs.80.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIS |
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.