MIRA INFORM REPORT
|
Report Date : |
16.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
GV MACERO S.P.A. |
|
|
|
|
Registered Office : |
Via Giuseppe Garibaldi, 26/A, 24066 – Pedrengo (BG) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
21.01.1997 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
·
Manufacture of transformed paper products ·
Recovery and preparation for recycling of solid urban,
industrial and biomasses waste ·
Wholesale of wrecks and industrial metal
by-products |
|
|
|
|
No. of Employees : |
23 |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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
GV MACERO S.P.A.
Via Giuseppe Garibaldi, 26/A
24066 – Pedrengo (BG) -IT-
Summary
|
Fiscal Code |
: |
02514270160 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
01/02/1997 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
9.000.000/10.000.000 |
|
Number of Employees |
: |
from 16 to 25 |
Activity
Manufacture of transformed paper products
Recovery and sorting of materials
Recovery and preparation for recycling of solid urban, industrial and
biomasses waste
Wholesale of wrecks and industrial metal by-products
Legal
Data
Legal Form : Joint stock company
|
Fiscal Code : 02514270160 |
|
Foreign Trade Reg. no. : 060120 of Bergamo since 26/09/2003 |
|
Chamber of Commerce no. : 299292 of Bergamo since 01/02/1997 |
|
Firms' Register : BG-1997-49208 of Bergamo since 01/02/1997 |
|
V.A.T. Code : 02514270160 |
|
Establishment date |
: 21/01/1997 |
|
|
Start of Activities |
: 01/02/1997 |
|
|
Legal duration |
: 31/12/2060 |
|
|
Nominal Capital |
: 1.000.000 |
|
|
Subscribed Capital |
: 1.000.000 |
|
|
Paid up Capital |
: 1.000.000 |
Members
|
|
Vavassori |
Sergio |
|
|
Born in Bergamo |
(BG) |
on 13/08/1967 |
- Fiscal Code : VVSSRG67M13A794C |
|
|
Residence: |
Alessandro Volta |
, 19 |
- 24020 |
Torre Boldone |
(BG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
26/04/2012 |
||
|
Director |
26/04/2012 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Vavassori |
Marco |
|
|
Born in Bergamo |
(BG) |
on 21/08/1964 |
- Fiscal Code : VVSMRC64M21A794J |
|
|
Residence: |
Presolana |
, 9/A |
- 24020 |
Ranica |
(BG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
26/04/2012 |
||
|
Assistant board Chairman |
26/04/2012 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Giudici |
Rosa |
|
|
Born in Torre Boldone |
(BG) |
on 23/05/1942 |
- Fiscal Code : GDCRSO42E63L251Q |
|
|
Residence: |
A. Volta |
, 14 |
- 24020 |
Torre Boldone |
(BG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
26/04/2012 |
|
|
Isola S.p.a. |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
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.
|
|
Vavassori |
Sergio |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
GV COSTRUZIONI SOCIETA' SEMPLICE DI VAVASSORI MARCO E SERGIO |
Pedrengo (BG) - IT - |
02350860165 |
Partner |
Withdrawn |
Registered |
|
VAVASSORI GIANFRANCO DI NATALE |
Pedrengo (BG) - IT - |
VVSSRG67M13A794C |
Proprietor |
Withdrawn |
Registered |
|
Gv Trading S.r.l. |
Pedrengo (BG) - IT - |
03800830162 |
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 |
|
Vavassori Sergio |
Torre Boldone - IT - |
VVSSRG67M13A794C |
330.000 .Eur |
33,00 |
|
Vavassori Marco |
Ranica - IT - |
VVSMRC64M21A794J |
310.000 .Eur |
31,00 |
|
Giudici Rosa |
Torre Boldone - IT - |
GDCRSO42E63L251Q |
10.000 .Eur |
1,00 |
|
Isola S.p.a. |
01361460460 |
350.000 .Eur |
35,00 |
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 |
|
Giuseppe Garibaldi |
, 26/A |
- 24066 |
- Pedrengo |
(BG) |
- IT - |
|
Employees |
: 23 |
|
Fittings and Equipment for a value of 450.000 |
Eur |
|
Stocks for a value of 380.000 |
Eur |
Historical
Information and/or Firm's Status
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Limited liability company |
Joint stock company |
23/06/2003 |
EX-MEMBERS / EX-POSITIONS:
|
|
Fassi |
Giuseppe |
|
|
Born in Albino |
(BG) |
on 13/07/1936 |
- Fiscal Code : FSSGPP36L13A163B |
|
|
Residence: |
Della Delizia |
, 16 |
- 24100 |
Bergamo |
(BG) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Avogadro |
Giovanna |
|
|
Born in San Pellegrino Terme |
(BG) |
on 13/04/1955 |
- Fiscal Code : VGDGNN55D53I079G |
|
|
Residence: |
Buozzi |
, 19 |
- 58100 |
Grosseto |
(GR) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Marenzi |
Gabriella |
|
|
Born in Castelli Calepio |
(BG) |
on 31/12/1942 |
- Fiscal Code : MRNGRL42T71C079N |
|
|
Residence: |
Unione |
, 10 |
- 24010 |
Ponteranica |
(BG) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
CEASINGS/INCORPORATIONS/MERGES:
|
|
The firm took over the activity of |
|
|
|
|
GARIBALDI |
, 2 |
, 24066 |
, Pedrengo |
(BG) |
- IT - |
|
|
Fiscal Code: 02350860165 |
|
|
Date |
: |
01/02/1997 |
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 1997.
The eonomic-financial analysis is based on the latest 3 b/s.
Under the financial profile unstable results are noted. with a loss in
the last financial year.
A loss is registered as to the operating result (-0,82%).
The operating loss amounts to Eur. -95.666 .
The gross operating margin of the latest financial year is of Eur.
127.518 showing a downward trend as opposed to the previous year.
The financial status of the company is fairly balanced with an
indebtedness level of 1,2 but with an increase as against the previous
accounting period.
It's shareholders funds amount to Eur. 4.453.086 on the same levels as
the year before.
During the last financial year total debts volume reached Eur. 6.781.276
(Eur. 1.370.482 were m/l term ones) on the same levels as the year before.
The company does not exceed in bank credits; payments average period is
instead slightly high (101,29 gg.) however still within the sector's average.
Liquidity is rather modest.
On average trade credits are collected in 82,97 days. , that compared to
the sector's average is shorter.
The financial management generated a cash flow of Eur. 24.376.
In the last financial year labour cost was of Eur. 920.150, with a 9,18%
incidence on total costs of production. , whereas 9,32% is the incidence on sales
revenues.
The incidence of the financial charges is of -1,24% on the sales amount.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
9.875.910 |
|
Profit (Loss) for the period |
-187.728 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
10.472.945 |
|
Profit (Loss) for the period |
-118.079 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
11.650.048 |
|
Profit (Loss) for the period |
111.277 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
11.696.082 |
|
Profit (Loss) for the period |
392.460 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
MEMORANDUM ACCOUNTS |
|
Third party goods |
|||
|
Investment accounts |
447.686 |
||
|
Risk accounts |
9.137.955 |
||
|
Civil and fiscal norms relation |
|||
|
PROFIT AND LOSS ACCOUNTS |
|
VALUE OF PRODUCTION |
|||
|
. Revenues from sales and services |
9.875.910 |
10.472.945 |
11.650.051 |
|
. Changes in work in progress |
-76.441 |
105.653 |
115.292 |
|
. Changes in semi-manufact. products |
|||
|
. Capitalization of internal work |
|||
|
. Other income and revenues |
123.293 |
184.007 |
66.439 |
|
. . Contributions for operating expenses |
|||
|
. . Different income and revenues |
123.293 |
184.007 |
66.439 |
|
Total value of production |
9.922.762 |
10.762.605 |
11.831.782 |
|
PRODUCTION COSTS |
|||
|
. Raw material,other materials and consum. |
5.996.767 |
6.693.989 |
7.497.662 |
|
. Services received |
2.248.411 |
2.178.610 |
2.393.802 |
|
. Leases and rentals |
503.633 |
502.485 |
473.035 |
|
. Payroll and related costs |
920.150 |
1.015.525 |
904.444 |
|
. . Wages and salaries |
629.148 |
697.922 |
623.892 |
|
. . Social security contributions |
210.818 |
222.955 |
196.038 |
|
. . Employee termination indemnities |
53.389 |
58.486 |
50.691 |
|
. . Pension and similar |
|||
|
. . Other costs |
26.795 |
36.162 |
33.823 |
|
. Amortization and depreciation |
212.104 |
210.686 |
219.785 |
|
. . Amortization of intangible fixed assets |
38.789 |
35.542 |
36.878 |
|
. . Amortization of tangible fixed assets |
173.315 |
175.144 |
182.907 |
|
. . Depreciation of tangible fixed assets |
|||
|
. . Writedown of current receiv.and of liquid |
|||
|
. Changes in raw materials |
|||
|
. Provisions to risk reserves |
11.080 |
11.080 |
12.631 |
|
. Other provisions |
|||
|
. Other operating costs |
126.283 |
196.403 |
72.824 |
|
Total production costs |
10.018.428 |
10.808.778 |
11.574.183 |
|
Diff. between value and cost of product. |
-95.666 |
-46.173 |
257.599 |
|
FINANCIAL INCOME AND EXPENSE |
|||
|
. Income from equity investments |
|||
|
. . In subsidiary companies |
|||
|
. . In associated companies |
|||
|
. . In other companies |
|||
|
. Other financial income |
13.094 |
200 |
277 |
|
. . Financ.income from receivables |
76 |
||
|
. . . Towards subsidiary companies |
|||
|
. . . Towards associated companies |
|||
|
. . . Towards holding companies |
|||
|
. . . Towards other companies |
76 |
||
|
. . Financ.income from secur. t.f.assets |
|||
|
. . Financ.income from secur. cur.assets |
|||
|
. . Financ.income other than the above |
201 |
||
|
. . . - Subsidiary companies |
|||
|
. . . - Associated companies |
|||
|
. . . - Holding companies |
|||
|
. . . - Other companies |
201 |
||
|
. Interest and other financial expense |
-136.048 |
-123.947 |
-125.276 |
|
. . Towards subsidiary companies |
|||
|
. . Towards associated companies |
|||
|
. . Towards holding companies |
|||
|
. . Towards other companies |
125.276 |
||
|
Total financial income and expense |
-122.954 |
-123.747 |
-124.999 |
|
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 |
3.750 |
73.034 |
30.916 |
|
. . Gains on disposals |
22.874 |
23.602 |
|
|
. . Other extraordinary income |
3.750 |
50.160 |
7.314 |
|
. Extraordinary expense |
-1.967 |
-7.865 |
-13.285 |
|
. . Losses on disposals |
-1.967 |
||
|
. . Taxes relating to prior years |
|||
|
. . Other extraordinary expense |
-7.865 |
-13.285 |
|
|
Total extraordinary income and expense |
1.783 |
65.169 |
17.631 |
|
Results before income taxes |
-216.837 |
-104.751 |
150.231 |
|
. Taxes on current income |
-29.109 |
13.328 |
38.954 |
|
. . current taxes |
30.431 |
40.101 |
54.176 |
|
. . differed taxes(anticip.) |
-59.540 |
-26.773 |
-15.222 |
|
. Net income for the period |
-187.728 |
-118.079 |
111.277 |
|
. Adjustments in tax regulations pursuance |
|||
|
. Provisions in tax regulations pursuance |
|||
|
. Profit (loss) of the year |
-187.728 |
-118.079 |
111.277 |
|
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 |
0,72 |
0,71 |
0,73 |
0,32 |
|
Elasticity Ratio |
Units |
0,27 |
0,27 |
0,25 |
0,66 |
|
Availability of stock |
Units |
0,03 |
0,04 |
0,03 |
0,05 |
|
Total Liquidity Ratio |
Units |
0,23 |
0,23 |
0,22 |
0,56 |
|
Quick Ratio |
Units |
0,01 |
0,03 |
0,05 |
0,02 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
1,20 |
0,97 |
0,79 |
3,02 |
|
Self Financing Ratio |
Units |
0,38 |
0,39 |
0,40 |
0,20 |
|
Capital protection Ratio |
Units |
0,82 |
0,81 |
0,77 |
0,60 |
|
Liabilities consolidation quotient |
Units |
0,30 |
0,49 |
0,58 |
0,19 |
|
Financing |
Units |
1,52 |
1,50 |
1,40 |
3,78 |
|
Permanent Indebtedness Ratio |
Units |
0,52 |
0,59 |
0,62 |
0,36 |
|
M/L term Debts Ratio |
Units |
0,14 |
0,20 |
0,21 |
0,13 |
|
Net Financial Indebtedness Ratio |
Units |
0,90 |
0,91 |
0,75 |
1,23 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
0,73 |
0,83 |
0,85 |
1,08 |
|
Current ratio |
Units |
0,57 |
0,69 |
0,68 |
1,08 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,50 |
0,58 |
0,60 |
0,91 |
|
Structure's primary quotient |
Units |
0,53 |
0,55 |
0,55 |
0,61 |
|
Treasury's primary quotient |
Units |
0,02 |
0,07 |
0,14 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
261,35 |
258,21 |
247,71 |
501,43 |
|
Current Capital ( net ) |
Value |
-2.316.124 |
-1.509.102 |
-1.367.710 |
124.364 |
|
RETURN |
|||||
|
Return on Sales |
% |
0,25 |
0,88 |
2,84 |
4,83 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-4,22 |
-2,54 |
2,34 |
5,29 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-4,87 |
-2,26 |
3,16 |
16,75 |
|
Return on Investment ( R.O.I. ) |
% |
-0,82 |
-0,39 |
2,19 |
4,40 |
|
Return/ Sales |
% |
-0,97 |
-0,44 |
2,21 |
3,91 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
n.c. |
43,20 |
29,83 |
|
Cash Flow |
Value |
24.376 |
92.607 |
331.062 |
324.954 |
|
Operating Profit |
Value |
-95.666 |
-46.173 |
257.599 |
238.307 |
|
Gross Operating Margin |
Value |
127.518 |
175.593 |
490.015 |
536.619 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
82,97 |
73,11 |
55,09 |
124,35 |
|
Debts to suppliers average term |
Days |
101,29 |
84,86 |
78,97 |
125,23 |
|
Average stock waiting period |
Days |
13,72 |
17,62 |
11,02 |
13,40 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,85 |
0,87 |
0,99 |
1,17 |
|
Rate of stock return |
Units |
26,25 |
20,43 |
32,68 |
26,56 |
|
Labour cost incidence |
% |
9,32 |
9,70 |
7,76 |
16,40 |
|
Net financial revenues/ charges incidence |
% |
-1,24 |
-1,18 |
-1,07 |
-1,32 |
|
Labour cost on purchasing expenses |
% |
9,18 |
9,40 |
7,81 |
16,83 |
|
Short-term financing charges |
% |
2,01 |
1,78 |
1,88 |
2,89 |
|
Capital on hand |
% |
117,84 |
114,42 |
101,19 |
84,95 |
|
Sales pro employee |
Value |
470.281 |
436.372 |
416.073 |
207.518 |
|
Labour cost pro employee |
Value |
43.816 |
42.313 |
32.301 |
33.676 |
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 403 significant companies.
The companies cash their credits on an average of 124 dd.
The average duration of suppliers debts is about 125 dd.
The sector's profitability is on an average of 4,83%.
The labour cost affects the turnover in the measure of 16,40%.
Goods are held in stock in a range of 13 dd.
The difference between the sales volume and the resources used to
realize it is about 1,17.
The employees costs represent the 16,83% of the production costs.
Statistical
Detrimental Data
Statistcally the trade activity shows periods of crisis.
The area is statistically considered lowly risky.
In the region 50.886 protested subjects are found; in the province they
count to 4.150.
The insolvency index for the region is 0,55, , while for the province it
is 0,41.
Total Bankrupt companies in the province : 4.376.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.48 |
|
|
1 |
Rs.100.93 |
|
Euro |
1 |
Rs.80.71 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.