MIRA INFORM REPORT
|
Report Date : |
18.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
IWC SRL IN LIQUIDAZIONE |
|
|
|
|
Registered Office : |
Via Friuli, 10, 31020 - San
Vendemiano (TV) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
30.01.1968 |
|
|
|
|
Com. Reg. No.: |
TV086-4941 of Treviso |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
· Manufacturer of tubes, pipes, hollow profiles and related fittings in steel (except those in refined steel) · Engaged in Cold drawing of wire |
|
|
|
|
No. of Employees |
From 1 To 5 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
In Liquidation |
|
Payment Behaviour : |
---- |
|
Litigation : |
---- |
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
Iwc Srl In Liquidazione
Via Friuli, 10
31020 - San Vendemiano (TV) -IT-
Summary
|
Fiscal Code |
: |
00194240263 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
30/01/1968 |
|
Equity |
: |
Unknown. |
|
Turnover Range |
: |
10.000.000/12.750.000 |
|
Number of Employees |
: |
From 1 To 5 |
|
Firm's Status |
: |
In liquidation |
Activity
· Manufacturer of tubes, pipes, hollow profiles and related fittings in steel (except those in refined steel)
· Engaged in Cold drawing of wire
Legal
Data
Legal Form : Limited liability
company
|
Fiscal Code : 00194240263 |
|
Foreign Trade Reg. no. : TV015172 since
24/12/1991 |
|
Chamber of Commerce no. : 1814644 of
Milano |
|
Chamber of Commerce no. : 1048360 of
Torino |
|
Chamber of Commerce no. : 92979 of Treviso
since 14/03/1968 |
|
Firms' Register : TV086-4941 of Treviso |
|
V.A.T. Code : 00194240263 |
|
Foundation date |
: 30/01/1968 |
|
|
Establishment date |
: 31/01/1968 |
|
|
Start of Activities |
: 30/01/1968 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 915.000 |
|
|
Subscribed Capital |
: 915.000 |
|
|
Paid up Capital |
: 915.000 |
Members
|
Bin |
Eugenio |
|
Born in Conegliano |
(TV) |
on 17/06/1954 |
- Fiscal Code : BNIGNE54H17C957D |
|
Residence: |
G.b. Tiepolo |
, 10 |
- 31015 |
Conegliano |
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Responsible |
|||
|
Liquidator |
07/06/2012 |
|
No
Prejudicial events are reported |
|
No Protests
registered |
|
Conte |
Mario |
|
|
Born in Resana |
(TV) |
on 14/07/1959 |
- Fiscal Code : CNTMRA59L14H238S |
|
Residence: |
Olivi |
, 6/A |
- 31033 |
Castelfranco Veneto |
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Receiver |
02/08/2013 |
|
Chiarot |
Maura |
|
Born in Azzano Decimo |
(PN) |
on 20/08/1963 |
- Fiscal Code : CHRMRA63M60A530W |
|
Residence: |
Vallona |
, 48 |
- 33170 |
Pordenone |
(PN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Judicial liquidator |
17/12/2013 |
|
Re.Bi.S. S.R.L.
Societa' Di Revisione Ed |
Organizzazione
Contabiledi Aziende |
|
: |
MARTELLI |
, 16 |
- 33170 |
Pordenone |
(PN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Auditor |
26/04/2011 |
Companies
connected to members *
*checkings have been performed
on a national scale.
In this module the companies in which
members hold/held positions are listed.
The Members of the subject firm
are not reported to be Members in other companies.
Capital
Shareholders
Shareholders' list as at date of
data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Bin Emilio |
Conegliano - IT - |
BNIMLE56E27C957O |
343.308 .Eur |
37,52 |
|
Bin Eugenio |
Conegliano - IT - |
BNIGNE54H17C957D |
343.308 .Eur |
37,52 |
|
Bin Mario |
Conegliano - IT - |
BNIMRA63A12C957S |
228.384 .Eur |
24,95 |
Direct
Participations
The Company under review has no
participations in other Companies.
Firm's
location and structure
|
- |
Legal and
operative seat |
(Factory) |
since 18/10/1978 |
|
Friuli |
, 10 |
- 31020 |
- San Vendemiano |
(TV) |
- IT - |
|
PHONE |
: 0438401747 |
|
Employees |
: 1 |
|
Fittings and Equipment for a value of
1.100.000 |
Eur |
|
Stocks for a value of 960.000 |
Eur |
|
Furniture and fittings for a value of
52.000 |
Eur |
|
Vehicles for a value of 130.000 |
Eur |
|
Work in progress for a value of 47.000 |
Eur |
Historical Information and/or Firm's Status
COMPANY
STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Trafileria Ferro-Acciaio - S.p.A. |
T F A Filinox S.p.A. |
02/05/1994 |
COMPANY'S
CAPITAL CHANGES:
|
Former Type |
Former Amount |
New Type |
New Amount |
Changement Date |
|
196.254 |
413.166 |
26/04/1990 |
||
|
nominal |
413.166 |
nominal |
908.964 |
04/10/1993 |
EurEX-MEMBERS
/ EX-POSITIONS:
|
|
Colombini |
Ernesto Franco |
|
|
Born in Roma |
(RM) |
on 13/02/1923 |
- Fiscal Code : CLMRST23B13H501O |
|
|
Residence: |
Del Risorgimento |
, 36 |
- 37100 |
Verona |
(VR) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Bin |
Cesare Sergio |
|
|
Born in Conegliano |
(TV) |
on 07/01/1915 |
- Fiscal Code : BNICRS15A07C957Y |
|
|
Residence: |
Rossini |
, 4 |
- 31015 |
Conegliano |
(TV) |
- IT - |
|
Ex-Postions |
|
Chairman |
|
Managing Director |
|
|
Dorigato |
Roberto |
|
|
Born in Schio |
(VI) |
on 27/05/1965 |
- Fiscal Code : DRGRRT65E27I531Z |
|
|
Residence: |
Rovereto |
, 143 |
- 36015 |
Schio |
(VI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Bin |
Cesare Sergio |
|
|
Born in CONEGLIANO |
(TV) |
on 17/01/1915 |
- Fiscal Code : BNICRS15A17C957Z |
|
|
Residence: |
ROSSINI, |
, 4 |
- 31015 |
Conegliano |
(TV) |
- IT - |
|
Ex-Postions |
|
Board Chairman |
|
|
Bin |
Emilio |
|
|
Born in Conegliano |
(TV) |
on 27/05/1956 |
- Fiscal Code : BNIMLE56E27C957O |
|
|
Residence: |
Xx Settembre |
, 24 |
- 31015 |
Conegliano |
(TV) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
|
Bin |
Eugenio |
|
|
Born in Conegliano |
(TV) |
on 17/06/1954 |
- Fiscal Code : BNIGNE54H17C957D |
|
|
Residence: |
G.b. Tiepolo |
, 10 |
- 31015 |
Conegliano |
(TV) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Board Chairman |
|
Director |
|
Managing Director |
|
|
Zanarotti |
Antonio |
|
|
Born in Vicenza |
(VI) |
on 10/10/1937 |
- Fiscal Code : ZNRNTN37R10L840N |
|
|
Residence: |
Matteotti |
, 6 |
- 36100 |
Vicenza |
(VI) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
De Chigi |
Luciano |
|
|
Born in Visignano D'istria |
( ) |
on 02/12/1939 |
- Fiscal Code : DCHLCN39T02M074P |
|
|
Residence: |
Duca D'aosta, |
, 7 |
- 31015 |
Conegliano |
(TV) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Da Ros |
Vittorio |
|
|
Born in Vittorio Veneto |
(TV) |
on 08/02/1966 |
- Fiscal Code : DRSVTR66B08M089O |
|
|
Residence: |
Ferraris |
, 20 |
- 31029 |
Vittorio Veneto |
(TV) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Polo |
Silvano |
|
|
Born in San Bonifacio |
(VR) |
on 29/07/1949 |
- Fiscal Code : PLOSVN49L29H783U |
|
|
Residence: |
G. Mazzini |
, 25 |
- 37038 |
Soave |
(VR) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
De Luca |
Alberto |
|
|
Born in Conegliano |
(TV) |
on 28/10/1974 |
- Fiscal Code : DLCLRT74R28C957A |
|
|
Residence: |
Alfieri |
, 1 |
- 31015 |
Conegliano |
(TV) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Egger |
Thomas |
|
|
Born in Conegliano |
(TV) |
on 28/02/1973 |
- Fiscal Code : GGRTMS73B28C957O |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Pasetto |
Simone |
|
|
Born in Verona |
(VR) |
on 28/02/1971 |
- Fiscal Code : PSTSMN71B28L781D |
|
|
Residence: |
Cappelletta |
, 10 |
- 37121 |
Verona |
(VR) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Spina |
Gian Carlo |
|
|
Born in Pieve di Soligo |
(TV) |
on 13/11/1940 |
- Fiscal Code : SPNGCR40S13G645M |
|
|
Residence: |
G. Schiratti |
, 33 |
- 31053 |
Pieve di Soligo |
(TV) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Fabris |
Piermario |
|
|
Born in Conegliano |
(TV) |
on 13/06/1938 |
- Fiscal Code : FBRPMR38H13C957B |
|
|
Residence: |
Cavour |
, 23 |
- 31015 |
Conegliano |
(TV) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Gennarelli |
Antonio |
|
|
Born in Vicenza |
(VI) |
on 27/02/1960 |
- Fiscal Code : GNNNTN60B27L840B |
|
|
Residence: |
Milazzo |
, 9 |
- 36100 |
Vicenza |
(VI) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Dan |
Gianluca |
|
|
Born in Oderzo |
(TV) |
on 15/02/1969 |
- Fiscal Code : DNAGLC69B15F999X |
|
|
Residence: |
Benedetto Marcello |
, 32 |
- 20124 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
Pavan |
Federico |
|
|
Born in San Dona' di Piave |
(VE) |
on 29/08/1973 |
- Fiscal Code : PVNFRC73M29H823Z |
|
|
Residence: |
Vital |
, 392 |
- 31015 |
Conegliano |
(TV) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Pagotto |
Elisa |
|
|
Born in Pordenone |
(PN) |
on 22/07/1974 |
- Fiscal Code : PGTLSE74L62G888I |
|
Ex-Postions |
|
Temporary Auditor |
CEASINGS/INCORPORATIONS/MERGES:
|
|
The company has
been dissolved. |
|
|
Date |
: 21/05/2012 |
|
|
The company is
in voluntary winding-up |
|
|
Date |
: 07/06/2012 |
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
In the name of the firm we
report the following events:
Composition with creditors since 02/08/2013
|
|
Communications
linked to procedures |
|||
|
Financial
and Economical Analysis
Company's starting of activities
dates back to 1968.
Balance sheets for the years
2010, 2011 and 2012 were analyzed.
Last financial years have been
marked by net losses. 2012 loss was also due to a turnover decrease.
A loss is registered as to the
operating result (-29,12%).
the operating loss amounts to
Eur. -1.716.765.
The GOM is negative and amounts
to Eur. -857.198.
Unbalanced financial position :
net worth does not cover debts; the gearing ratio is in fact high
The equity capital amount is
lower than the economic results.
Total indebtedness amounts to
Eur. 13.012.301, showing a stable trend as opposed to 2011 (Eur. 14.126.894).
Payments average period is high
and higher than the sector.
Even liquidity is rather modest.
Trade credits average terms are 27,42
days. , shorter than the sector's average.
Cash flow is negative at the end
of financial year 2012.
Subordinate employment cost is
of Eur. 1.677.588, i.e. 14,06% on total production costs. , whereas the
incidence of such costs on sales revenues is equal to 14,89%.
The incidence percentage of
financial charges on sales volume is equal to -1,85%.
The presence of detrimental
items, apart from the financial-economic analysis, makes the company not
suitable for business transactions on credit basis.
Financial Data
|
Complete balance-sheet for the year |
31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
11.267.753 |
|
Profit (Loss) for the period |
-3.443.916 |
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
15.439.173 |
|
Profit (Loss) for the period |
-4.732.101 |
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
10.868.793 |
|
Profit (Loss) for the period |
-370.106 |
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
9.000.782 |
|
Profit (Loss) for the period |
-2.492.300 |
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
23.705.574 |
|
Profit (Loss) for the period |
-11.322 |
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 |
0,56 |
0,44 |
0,40 |
0,33 |
|
Elasticity Ratio |
Units |
0,44 |
0,56 |
0,60 |
0,64 |
|
Availability of stock |
Units |
0,16 |
0,34 |
0,27 |
0,22 |
|
Total Liquidity Ratio |
Units |
0,28 |
0,22 |
0,33 |
0,41 |
|
Quick Ratio |
Units |
0,03 |
0,00 |
0,00 |
0,01 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
n.c. |
n.c. |
9,23 |
1,76 |
|
Self Financing Ratio |
Units |
n.c. |
n.c. |
0,04 |
0,28 |
|
Capital protection Ratio |
Units |
n.c. |
n.c. |
0,25 |
0,65 |
|
Liabilities consolidation quotient |
Units |
0,01 |
0,83 |
1,42 |
0,21 |
|
Financing |
Units |
n.c. |
n.c. |
22,21 |
2,32 |
|
Permanent Indebtedness Ratio |
Units |
n.c. |
0,27 |
0,60 |
0,44 |
|
M/L term Debts Ratio |
Units |
0,03 |
0,59 |
0,56 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
11,28 |
1,23 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
n.c. |
0,63 |
1,50 |
1,38 |
|
Current ratio |
Units |
0,20 |
0,79 |
1,52 |
1,17 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,13 |
0,31 |
0,84 |
0,80 |
|
Structure's primary quotient |
Units |
n.c. |
n.c. |
0,11 |
0,84 |
|
Treasury's primary quotient |
Units |
0,01 |
0,00 |
0,01 |
0,02 |
|
Rate of indebtedness ( Leverage ) |
% |
n.c. |
n.c. |
2371,05 |
353,85 |
|
Current Capital ( net ) |
Value |
-10.423.157 |
-1.619.981 |
2.765.301 |
1.089.006 |
|
RETURN |
|||||
|
Return on Sales |
% |
-22,96 |
-23,73 |
2,54 |
4,21 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
n.c. |
n.c. |
-64,86 |
5,65 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
n.c. |
n.c. |
-71,84 |
10,45 |
|
Return on Investment ( R.O.I. ) |
% |
-29,12 |
-18,65 |
-5,80 |
5,10 |
|
Return/ Sales |
% |
-15,24 |
-13,36 |
-7,22 |
5,37 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
n.c. |
n.c. |
32,26 |
|
Cash Flow |
Value |
-2.586.828 |
-3.663.803 |
275.599 |
656.826 |
|
Operating Profit |
Value |
-1.716.765 |
-2.062.611 |
-785.101 |
725.724 |
|
Gross Operating Margin |
Value |
-857.198 |
-994.313 |
-139.396 |
1.207.677 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
27,42 |
46,58 |
97,55 |
103,53 |
|
Debts to suppliers average term |
Days |
171,04 |
119,87 |
188,72 |
107,64 |
|
Average stock waiting period |
Days |
30,61 |
88,55 |
120,26 |
64,91 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,91 |
1,40 |
0,80 |
1,09 |
|
Rate of stock return |
Units |
11,76 |
4,07 |
2,99 |
5,55 |
|
Labour cost incidence |
% |
14,89 |
11,94 |
16,08 |
10,69 |
|
Net financial revenues/ charges incidence |
% |
-1,85 |
-1,84 |
-2,59 |
-1,62 |
|
Labour cost on purchasing expenses |
% |
14,06 |
10,49 |
14,83 |
11,43 |
|
Short-term financing charges |
% |
1,72 |
2,12 |
2,23 |
3,56 |
|
Capital on hand |
% |
52,33 |
71,64 |
124,48 |
91,63 |
|
Sales pro employee |
Value |
319.652 |
428.865 |
201.273 |
358.274 |
|
Labour cost pro employee |
Value |
47.591 |
51.221 |
32.362 |
35.860 |
Market
/ Territory Data
|
Population living in the province |
: |
838.732 |
|
Population living in the region |
: |
4.699.950 |
|
Number of families in the region |
: |
1.813.210 |
Monthly family expenses average
in the region (in Eur..) :
|
- per food products |
: |
456 |
|
- per non food products |
: |
2.052 |
|
- per energy consume |
: |
127 |
Sector
Data
The values are calculated on a
base of 185 significant companies.
The companies cash their credits
on an average of 104 dd.
The average duration of
suppliers debts is about 108 dd.
The sector's profitability is on
an average of 4,21%.
The labour cost affects the
turnover in the measure of 10,69%.
Goods are held in stock in a
range of 65 dd.
The difference between the sales
volume and the resources used to realize it is about 1,09.
The employees costs represent
the 11,43% of the production costs.
Statistical
Detrimental Data
Statistically the trade activity
shows periods of crisis.
The area is statistically
considered lowly risky.
In the region 13.782 protested
subjects are found; in the province they count to 2.280.
The insolvency index for the
region is 0,30, , while for the province it is 0,28.
Total Bankrupt companies in the
province : 3.317.
Total Bankrupt companies in the
region : 16.714.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.52 |
|
UK Pound |
1 |
Rs.102.22 |
|
Euro |
1 |
Rs.85.23 |
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.