|
Report Date : |
28.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
GAM
RACCORDI S.P.A. |
|
|
|
|
Registered Office : |
Corso Lodi, 5 20135 – Milano (MI) – IT - |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
03.12.1992 |
|
|
|
|
Legal Form : |
Joint stock company with sole shareholder |
|
|
|
|
Line of Business : |
Manufacture of tubes, pipes, hollow profiles and related
fittings in steel |
|
|
|
|
No. of Employees |
91 to 110 |
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 – 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 |
|
Gam Raccordi S.p.a. |
|
Corso |
Lodi, |
5 |
|
20135 |
- Milano |
(MI) |
-IT- |
|
Fiscal Code |
: |
01070270333 |
|
Legal Form |
: |
Joint stock company with sole shareholder |
|
start of Activities |
: |
03/12/1992 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
20.000.000/25.000.000 |
|
Number of Employees |
: |
from 91 to 110 |
Manufacture of tubes, pipes, hollow profiles and related
fittings in steel (except those in refined steel)
CONSTRUCTION OF BUILDINGS
Legal Form : Joint stock company with sole shareholder
|
Fiscal Code : 01070270333 |
|
Foreign Trade Reg. no. : PC011980 since 04/04/2003 |
|
Foreign Trade Reg. no. : 011980 of Piacenza since
04/04/2003 |
|
Chamber of Commerce no. : 1920037 of Milano since
09/02/2010 |
|
Chamber of Commerce no. : 125448 of Piacenza since
03/02/1992 |
|
Firms' Register : 12650 of Piacenza |
|
Firms' Register : PC032-12650 of Piacenza since 19/02/1996 |
|
V.A.T. Code : 01070270333 |
|
Establishment date |
: 06/12/1991 |
|
|
Start of Activities |
: 03/12/1992 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 1.200.000 |
|
|
Subscribed Capital |
: 1.200.000 |
|
|
Paid up Capital |
: 1.200.000 |
|
|
|
Officine Meccaniche Righi S.p.a. Enuncia |
bile Anche O.m.r. - S.p.a. |
|
|
|
|
|
Residence: |
|
Lodi |
, 5 |
- 20135 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Sole partner |
17/07/2002 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Ponzio |
Claudio |
|
|
|
Born in Torino |
(TO) |
on 11/01/1964 |
- Fiscal Code : PNZCLD64A11L219D |
|
|
|
Residence: |
|
Emilia Piacentina |
, 70 |
- 29015 |
Castel San Giovanni |
(PC) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Board Chairman |
27/04/2012 |
|
|
|
Director |
27/04/2012 |
|
|
|
Managing Director |
27/04/2012 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Righi |
Rossella |
|
|
|
Born in Castel San Giovanni |
(PC) |
on 04/09/1971 |
- Fiscal Code : RGHRSL71P44C261O |
|
|
|
Residence: |
|
Del Pradello |
, 2 |
- 29015 |
Castel San Giovanni |
(PC) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
27/04/2012 |
|
|
|
Managing Director |
27/06/2012 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Righi |
Massimiliano |
|
|
|
Born in Castel San Giovanni |
(PC) |
on 03/08/1976 |
- Fiscal Code : RGHMSM76M03C261Y |
|
|
|
Residence: |
|
Comunale Di Semino' |
, SNC |
- 29010 |
Ziano Piacentino |
(PC) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
27/04/2012 |
|
|
|
|
Righi |
Marco |
|
|
|
Born in Castel San Giovanni |
(PC) |
on 21/12/1970 |
- Fiscal Code : RGHMRC70T21C261V |
|
|
|
Residence: |
|
Delle Rondini |
, 2 |
- 29010 |
Piozzano |
(PC) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
27/04/2012 |
|
|
|
|
Officine Meccaniche Righi S.p.a. Enuncia |
bile Anche O.m.r. - S.p.a. |
|
|
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Partner |
|
|
|
|
|
No Protests registered |
*checkings have been performed on a national scale.
In this module are listed the companies in which members
hold or have holded positions.
|
|
Ponzio |
Claudio |
|
Firm's Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Officine Meccaniche Righi S.p.a. Enunciabile Anche O.m.r.
- S.p.a. |
Milano (MI) - IT - |
01132090331 |
Director |
Active |
Registered |
|
|
Righi |
Rossella |
|
Firm's Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Officine Meccaniche Righi S.p.a. Enunciabile Anche O.m.r.
- S.p.a. |
Milano (MI) - IT - |
01132090331 |
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.
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal
Code |
Owned
Shares |
%
Ownership |
|
Officine Meccaniche Righi S.p.a. Enuncia bile Anche O.m.r.
- S.p.a. |
Milano - IT - |
01132090331 |
|
100,00 |
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 |
|
|
|
|
|
|
|
Lodi |
, 5 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
|
|
|
PHONE |
: 0523738811 |
|
|
|
|
FAX |
: 052397251 |
|
- |
Branch |
(Factory) |
since 09/02/2010 |
until 05/04/2003 |
|
|
|
|
|
|
Roma |
, 29 |
- 29010 |
- Gazzola |
(PC) |
- IT - |
|
|
|
|
Employees |
:
104 |
|
|
|
|
Assistants |
: 1 |
|
Fittings and Equipment for a value of 350.000 |
Eur |
|
Stocks for a value of 5.410.000 |
Eur |
Trade organization: direct or by agents.
The company sells in Italy and abroad.
The company 's mainly customers are companies.
|
|
Usually the terms of sale are within 90-120 days.
Financial means used for sale: bank transfers and bank
orders.
Company's purchase terms are within 90 and 120 days.
Main used payment modalities are by cash orders and bank
transfers.
|
- OMR spa |
|
- Marcegaglia Spa |
|
- Cerutti eamp; Urio s.r.l |
EX-MEMBERS / EX-POSITIONS:
|
|
Minola |
Cesare Maria |
|
|
|
Born in Milano |
(MI) |
on 11/06/1938 |
- Fiscal Code : MNLCRM38H11F205J |
|
|
|
Residence: |
|
S. Martino |
, 11/C |
- 20122 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Righi |
Marco |
|
|
|
Born in CASTEL SAN GIOVANNI |
(PC) |
on 27/03/1946 |
- Fiscal Code : RGHMRC46C27C261B |
|
|
|
Residence: |
|
NAVIGATORI |
, 4 |
- 29015 |
Castel San Giovanni |
(PC) |
- IT - |
|
Ex-Postions |
|
Sole Director |
|
|
Binaghi |
Vittorio |
|
|
|
Born in Pontenure |
(PC) |
on 22/08/1942 |
- Fiscal Code : BNGVTR42M22G852V |
|
|
|
Residence: |
|
Verdi |
, 9 |
- 29010 |
Agazzano |
(PC) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Gobbi |
Antonio |
|
|
|
Born in Castel San Giovanni |
(PC) |
on 15/05/1958 |
- Fiscal Code : GBBNTN58E15C261J |
|
|
|
Residence: |
|
Raimondo Palmerio |
, 13 |
- 29121 |
Piacenza |
(PC) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Mancini |
Rolando |
|
|
|
Born in Cremona |
(CR) |
on 16/03/1946 |
- Fiscal Code : MNCRND46C16D150R |
|
|
|
Residence: |
|
Martiri Della Resistenza |
, 10 |
- 29100 |
Piacenza |
(PC) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Polisicchio |
Roberto |
|
|
|
Born in Catanzaro |
(CZ) |
on 19/06/1958 |
- Fiscal Code : PLSRRT58H19C352T |
|
|
|
Residence: |
|
Ii Greco |
- 88100 |
Catanzaro |
(CZ) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
Chiozza |
Andrea |
|
|
|
Born in Piacenza |
(PC) |
on 21/07/1964 |
- Fiscal Code : CHZNDR64L21G535C |
|
|
|
Residence: |
|
Del Consiglio |
, 11 |
- 29100 |
Piacenza |
(PC) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Project of merging into |
|
|
|
Officine Meccaniche Righi S.p.a. Enunciabile Anche O.m.r.
- S.p.a. |
|
|
|
|
Lodi |
, 5 |
, 20135 |
, Milano |
(MI) |
- IT - |
|
|
|
Fiscal Code: 01132090331 |
|
|
|
Date |
Merging/splitting-up project: |
09/10/2002 |
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.
The firm operates with:
|
Bank Name |
Agency
Name |
Address |
ZIP
Code |
City |
ABI
Code |
CAB Code |
|
CASSA DI RISPARMIO IN BOLOGNA |
|
|
20100 |
Milano |
6385 |
|
|
BANCA DI PIACENZA SOC. COOP. PER AZIONI |
|
|
20100 |
Milano |
5156 |
|
Company's starting of activities dates back to 1992.
An eco-fin analysis has been made on the base od the b/s fo
the years 2010, 2011 and 2012.
In the economic management , good and bad results followed
on by turns. yet with a positive result in the 2012 (r.o.e. 0,66%). The
turnover is growing in the last financial year (+15,12%).
The operating result was positive in the last financial year
(1,22%) and reflects the field's average.
The operating result is positive and amounts to Eur. 290.858
showing a fall as opposed to the previous year (-79,56%).
A gross operating margine for a value of Eur. 744.099 was
reached. showing a drop (-62,05%).
The company has an excellent net worth if compared to its
debts, with a low indebtedness (0,45) and with an upward trend compared to the
previous year.
It's shareholders funds amount to Eur. 11.585.556 ,
unchanged as opposed to the preceding year.
Total indebtedness was equal to Eur. 10.067.830 (Eur.
902.839 was the value of m/l term debts) with no important change.
The recourse to financial credit is within the limits; on the
other hand the recourse to suppliers' credit is rated as fairly high even in
comparison with the sector's.
Liquid assets are good.
Credits are collected in 52,1 days on the average. , a value
lower than the sector's average.
Eur. 529.507 is the value of cash flow during the year 2012
Labour cost expenses amount to Eur. 4.332.036 , representing
18,28% on the total of production costs. and a 19,35% incidence on sales
volumes.
The financial management has a limited economic impact,
equal to -0,34% on the sales.
|
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
22.389.908 |
|
Profit (Loss) for the period |
76.266 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
19.447.742 |
|
Profit (Loss) for the period |
1.194.557 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
15.921.964 |
|
Profit (Loss) for the period |
-2.530.060 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
23.284.326 |
|
Profit (Loss) for the period |
1.639.022 |
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 |
0,33 |
0,36 |
0,46 |
0,33 |
|
Elasticity Ratio |
Units |
0,66 |
0,63 |
0,54 |
0,64 |
|
Availability of stock |
Units |
0,23 |
0,25 |
0,14 |
0,22 |
|
Total Liquidity Ratio |
Units |
0,44 |
0,39 |
0,40 |
0,41 |
|
Quick Ratio |
Units |
0,16 |
0,04 |
0,04 |
0,01 |
|
COMPOSITION
ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
0,45 |
0,60 |
0,41 |
1,76 |
|
Self Financing Ratio |
Units |
0,49 |
0,50 |
0,54 |
0,28 |
|
Capital protection Ratio |
Units |
0,89 |
0,79 |
1,13 |
0,65 |
|
Liabilities consolidation quotient |
Units |
0,28 |
0,39 |
0,72 |
0,21 |
|
Financing |
Units |
0,87 |
0,81 |
0,68 |
2,32 |
|
Permanent Indebtedness Ratio |
Units |
0,59 |
0,64 |
0,73 |
0,44 |
|
M/L term Debts Ratio |
Units |
0,11 |
0,13 |
0,19 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,10 |
0,19 |
1,23 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,78 |
1,77 |
1,59 |
1,38 |
|
Current ratio |
Units |
1,72 |
1,84 |
2,10 |
1,17 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,13 |
1,13 |
1,55 |
0,80 |
|
Structure's primary quotient |
Units |
1,46 |
1,40 |
1,18 |
0,84 |
|
Treasury's primary quotient |
Units |
0,43 |
0,13 |
0,14 |
0,02 |
|
Rate of indebtedness ( Leverage ) |
% |
205,01 |
198,64 |
185,23 |
353,85 |
|
Current Capital ( net ) |
Value |
6.591.308 |
6.615.142 |
5.410.482 |
1.089.006 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
2,36 |
8,91 |
-11,38 |
4,21 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
0,66 |
10,38 |
-24,53 |
5,65 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
2,00 |
12,81 |
-25,00 |
10,45 |
|
Return on Investment ( R.O.I. ) |
% |
1,22 |
6,22 |
-13,50 |
5,10 |
|
Return/ Sales |
% |
1,30 |
7,32 |
-16,20 |
5,37 |
|
Extra Management revenues/charges incid. |
% |
26,22 |
83,94 |
n.c. |
32,26 |
|
Cash Flow |
Value |
529.507 |
1.732.297 |
-1.812.574 |
656.826 |
|
Operating Profit |
Value |
290.858 |
1.423.055 |
-2.578.944 |
725.724 |
|
Gross Operating Margin |
Value |
744.099 |
1.960.795 |
-1.861.458 |
1.207.677 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
52,10 |
111,56 |
96,35 |
103,53 |
|
Debts to suppliers average term |
Days |
162,39 |
135,72 |
104,89 |
107,64 |
|
Average stock waiting period |
Days |
87,00 |
103,81 |
60,51 |
64,91 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,94 |
0,85 |
0,83 |
1,09 |
|
Rate of stock return |
Units |
4,14 |
3,47 |
5,95 |
5,55 |
|
Labour cost incidence |
% |
19,35 |
21,24 |
25,34 |
10,69 |
|
Net financial revenues/ charges incidence |
% |
-0,34 |
0,12 |
-0,40 |
-1,62 |
|
Labour cost on purchasing expenses |
% |
18,28 |
21,17 |
23,51 |
11,43 |
|
Short-term financing charges |
% |
0,86 |
n.c. |
0,94 |
3,56 |
|
Capital on hand |
% |
106,08 |
117,56 |
120,00 |
91,63 |
|
Sales pro employee |
Value |
165.851 |
150.757 |
159.219 |
358.274 |
|
Labour cost pro employee |
Value |
32.089 |
32.022 |
40.351 |
35.860 |
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 |
: |
3.839.216 |
|
Population living in the region |
: |
9.393.092 |
|
Number of families in the region |
: |
3.858.736 |
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
460 |
|
- per non food products |
: |
2.090 |
|
- per energy consume |
: |
114 |
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.
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 24.765.
The insolvency index for the region is 0,55, , while for the
province it is 0,66.
Total Bankrupt companies in the province : 22.523.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.05 |
|
|
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.80.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
PDT |
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.