MIRA INFORM REPORT
|
Report Date : |
30.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
SERTOM M.M. S.P.A. |
|
|
|
|
Registered Office : |
Via Mattei, 16/B, 25060 -
Collebeato (BS) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
17.04.1990 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
·
Manufacture of metal structures and
structure parts ·
Manufacture of other electrical equipment |
|
|
|
|
No. of Employees : |
From 26 to 35 |
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 : |
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 – 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 |
Company
Name and address
SERTOM M.M. S.P.A.
Via Mattei, 16/B
25060 - Collebeato (BS) -IT-
Summary
|
Fiscal Code |
: |
03062380179 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
17/04/1990 |
|
Equity |
: |
1.500.000 |
|
Turnover Range |
: |
12.750.000/15.500.000 |
|
Number of Employees |
: |
from 26 to 35 |
Activity
Manufacture of metal structures and structure parts
Manufacture of other electrical equipment
Legal Data
Legal Form : Joint stock company
|
Fiscal Code : 03062380179 |
|
Foreign Trade Reg. no. : BS047180 since
22/10/1993 |
|
Chamber of Commerce no. : 317011 of Brescia since
21/04/1989 |
|
Firms' Register : BS029-40991 of Brescia since
19/02/1996 |
|
V.A.T. Code : 03062380179 |
|
Establishment date |
: 14/03/1989 |
|
|
Start of Activities |
: 17/04/1990 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 850.000 |
|
|
Subscribed Capital |
: 850.000 |
|
|
Paid up Capital |
: 850.000 |
Members
|
|
Bertolotti Seravesi |
Paolo |
|
|
Born in Brescia |
(BS) |
on 20/12/1978 |
- Fiscal Code : BRTPLA78T20B157L |
|
|
Residence: |
Monteverdi |
, 67 |
- 25062 |
Concesio |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
25/10/2010 |
||
|
Director |
03/05/2013 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Bertolotti Seravesi |
Sonja |
|
|
Born in Brescia |
(BS) |
on 25/08/1973 |
- Fiscal Code : BRTSNJ73M65B157C |
|
|
Residence: |
Aquileia |
, 1/B |
- 25126 |
Brescia |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
03/05/2013 |
|
|
Bertolotti Seravesi Paolo |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Seravesi |
Tommaso |
|
|
Born in Brescia |
(BS) |
on 20/10/1941 |
- Fiscal Code : SRVTMS41R20B157I |
|
|
Residence: |
Taramelli |
, 29 |
- 25060 |
Brescia |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
03/05/2013 |
||
|
Managing Director |
25/10/2010 |
||
|
Board Chairman |
03/05/2013 |
|
|
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.
|
|
Seravesi |
Tommaso |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Sertom - S.r.l. |
Collebeato (BS) - IT - |
00271710170 |
Director |
Withdrawn |
Registered |
|
Sertom - S.r.l. |
Collebeato (BS) - IT - |
00271710170 |
Sole Director |
Withdrawn |
Registered |
|
Sertom - S.r.l. |
Collebeato (BS) - IT - |
00271710170 |
Board Chairman |
Withdrawn |
Registered |
|
SACEMAC S.R.L. |
Brescia (BS) - IT - |
01502150178 |
Chairman |
Withdrawn |
Registered |
|
Brixia Energia S.r.l. |
Collebeato (BS) - IT - |
02579910981 |
Director |
Active |
Registered |
|
|
Bertolotti Seravesi |
Paolo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Brixia Energia S.r.l. |
Collebeato (BS) - IT - |
02579910981 |
Director |
Active |
Registered |
|
Brixia Energia S.r.l. |
Collebeato (BS) - IT - |
02579910981 |
Managing Director |
Active |
Registered |
|
Brixia Energia S.r.l. |
Collebeato (BS) - IT - |
02579910981 |
Board Chairman |
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 |
|
Bertolotti Seravesi Paolo |
Concesio - IT - |
BRTPLA78T20B157L |
212.500 .Eur |
25,00 |
|
Bertolotti Seravesi Sonja |
Brescia - IT - |
BRTSNJ73M65B157C |
127.500 .Eur |
15,00 |
|
Bertolotti Seravesi Paolo |
BRTPLA78T20B157L |
297.500 .Eur |
35,00 |
|
|
Bertolotti Lina |
BRTLNI51D67B157H |
127.500 .Eur |
15,00 |
|
|
Bertolotti Seravesi Sonja |
BRTSNJ73M65B157C |
42.500 .Eur |
5,00 |
|
|
Bertolotti Lina |
BRTLNI51D67B157H |
42.500 .Eur |
5,00 |
Direct
Participations
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares Amount |
% Ownership |
since |
until |
Share Status |
|
Brixia Energia S.r.l. |
Collebeato - IT - |
02579910981 |
20.000 .Eur |
20,00 |
Active |
Firm's
location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
Mattei |
, 16/B |
- 25060 |
- Collebeato |
(BS) |
- IT - |
|
PHONE |
: 030211234 |
|
PHONE |
: 0302511234 |
|
FAX |
: 0302511562 |
|
Employees |
: 35 |
|
Fittings and Equipment for a value of 740.000 |
Eur |
|
Stocks for a value of 2.640.000 |
Eur |
Historical Information and/or Firm's Status
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
General partnership |
Limited liability company |
22/12/1989 |
EX-MEMBERS / EX-POSITIONS:
|
|
Conti |
Elena |
|
|
Born in Brescia |
(BS) |
on 04/09/1968 |
- Fiscal Code : CNTLNE68P44B157Z |
|
|
Residence: |
Giovanni Pascoli |
, 11 |
- 25126 |
Brescia |
(BS) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Seravesi |
Paolo |
|
|
Born in Brescia |
(BS) |
on 20/12/1978 |
- Fiscal Code : SRVPLA78T20B157T |
|
|
Residence: |
Trento |
, 3 |
- 25100 |
Brescia |
(BS) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
|
Morandi |
Riccardo |
|
|
Born in Brescia |
(BS) |
on 31/05/1976 |
- Fiscal Code : MRNRCR76E31B157W |
|
|
Residence: |
Trainini |
, 84 |
- 25133 |
Brescia |
(BS) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Cimoli |
Amos |
|
|
Born in Capriano del Colle |
(BS) |
on 23/09/1944 |
- Fiscal Code : CMLMSA44P23B700L |
|
|
Residence: |
Donizetti |
, 17 |
- 25065 |
Concesio |
(BS) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
Tofanelli |
Nicola |
|
|
Born in Brescia |
(BS) |
on 26/09/1966 |
- Fiscal Code : TFNNCL66P26B157C |
|
|
Residence: |
Della Pace |
, 46 |
- 25010 |
San Zeno Naviglio |
(BS) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Director |
|
|
Tofanelli |
Luca |
|
|
Born in Brescia |
(BS) |
on 14/01/1969 |
- Fiscal Code : TFNLCU69A14B157D |
|
|
Residence: |
Patuzza |
, 28 |
- 25080 |
Mazzano |
(BS) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Director |
|
|
Seravesi |
Alberto |
|
|
Born in Brescia |
(BS) |
on 13/10/1966 |
- Fiscal Code : SRVLRT66R13B157H |
|
|
Residence: |
Tamburini |
, 6 |
- 25100 |
Brescia |
(BS) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Boniotti |
Luigi |
|
|
Born in Rodengo-Saiano |
(BS) |
on 16/10/1934 |
- Fiscal Code : BNTLGU34R16H477S |
|
|
Residence: |
Passo Del Moncenisio |
, 15 |
- 25126 |
Brescia |
(BS) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Director |
|
|
Gardoni |
Giuseppe |
|
|
Born in San Paolo |
(BS) |
on 21/05/1935 |
- Fiscal Code : GRDGPP35E21G407O |
|
|
Residence: |
Domenico Viotto |
, 16 |
- 25125 |
Brescia |
(BS) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Tommasi |
Francesco |
|
|
Born in Brescia |
(BS) |
on 02/10/1939 |
- Fiscal Code : TMMFNC39R02B157T |
|
|
Residence: |
Magenta |
, 32 |
- 25100 |
Brescia |
(BS) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Magri |
Egidia |
|
|
Born in Brescia |
(BS) |
on 08/07/1956 |
- Fiscal Code : MGRGDE56L48B157O |
|
|
Residence: |
G.c. Abba |
, 9 |
- 25100 |
Brescia |
(BS) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Bornati |
Alberto |
|
|
Born in Serina |
(BG) |
on 31/10/1943 |
- Fiscal Code : BRNLRT43R31I629O |
|
|
Residence: |
Zambeletti Lodovico |
, 10 |
- 20129 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
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 1990.
Balance sheets for the years 2011, 2012 and 2013 were analyzed.
During the last years, it achieved profits (r.o.e. 0,1% on 2013) with a
stable trend in the turnover.
The operating result in 2013 was positive (3,17%) and in line with the
sector's average.
The amount of the operating result for the year 2013 is of Eur. 573.751
with no increase in relation to the financial year 2012.
The economic management produced a gross operating margin of Eur.
1.112.703 , stable if compared to the year before.
The financial position is not well balanced as the volume of debts is
fairly remarkable if compared to shareholder's equity, in fact total debts are
8,72 falling if compared to 2012.
Subject can manage an equity capital funds for an amount of Eur.
1.364.114 with a growth of 32,31% in 2013.
During the last financial year debts totalled Eur. 16.397.159 (Eur.
3.049.156 of which were m/l term debts) increasing if compared to the previous
year, during which they were equal to Eur. 12.689.607 (29,21%).
Considerable bank indebtedness; on the other hand the recourse to
suppliers' credit is slightly high but lined up with the field's average.
Liquidity is not completely adequate.
As far as the collection of credit goes, the average is high (119,99
days). , as it normally happens in the sector.
As far as the cash flow is concerned during the latest financial year it
amounted to Eur. 540.282
Subordinate employment cost is of Eur. 1.934.446, i.e. 16,17% on total
production costs. and a 13,88% incidence on sales volumes.
The incidence percentage of financial charges on sales volume is equal
to -2,91%.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
13.934.198 |
|
Profit (Loss) for the period |
1.330 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
14.838.651 |
|
Profit (Loss) for the period |
50.577 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
14.606.233 |
|
Profit (Loss) for the period |
84.480 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
14.499.148 |
|
Profit (Loss) for the period |
329.338 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
0,38 |
0,26 |
0,27 |
0,20 |
|
Elasticity Ratio |
Units |
0,62 |
0,74 |
0,73 |
0,77 |
|
Availability of stock |
Units |
0,15 |
0,35 |
0,23 |
0,15 |
|
Total Liquidity Ratio |
Units |
0,47 |
0,39 |
0,50 |
0,55 |
|
Quick Ratio |
Units |
0,13 |
0,03 |
0,07 |
0,03 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
8,72 |
9,32 |
8,32 |
4,09 |
|
Self Financing Ratio |
Units |
0,08 |
0,07 |
0,08 |
0,15 |
|
Capital protection Ratio |
Units |
0,38 |
0,13 |
0,05 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,25 |
0,32 |
0,30 |
0,16 |
|
Financing |
Units |
12,02 |
12,31 |
11,79 |
5,11 |
|
Permanent Indebtedness Ratio |
Units |
0,26 |
0,30 |
0,29 |
0,31 |
|
M/L term Debts Ratio |
Units |
0,19 |
0,22 |
0,21 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
5,69 |
5,71 |
2,91 |
1,01 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
0,69 |
1,13 |
1,08 |
1,34 |
|
Current ratio |
Units |
0,84 |
1,05 |
1,04 |
1,09 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,64 |
0,56 |
0,72 |
0,85 |
|
Structure's primary quotient |
Units |
0,20 |
0,28 |
0,28 |
0,75 |
|
Treasury's primary quotient |
Units |
0,18 |
0,04 |
0,10 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
1328,74 |
1372,20 |
1327,05 |
660,68 |
|
Current Capital ( net ) |
Value |
-2.106.583 |
542.675 |
353.492 |
80.037 |
|
RETURN |
|||||
|
Return on Sales |
% |
3,88 |
3,88 |
3,18 |
3,45 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
0,10 |
4,91 |
8,62 |
7,93 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
4,17 |
17,40 |
29,70 |
23,28 |
|
Return on Investment ( R.O.I. ) |
% |
3,17 |
4,02 |
4,60 |
4,91 |
|
Return/ Sales |
% |
4,12 |
3,83 |
4,10 |
4,60 |
|
Extra Management revenues/charges incid. |
% |
0,23 |
8,89 |
14,11 |
26,08 |
|
Cash Flow |
Value |
540.282 |
575.278 |
464.157 |
67.440 |
|
Operating Profit |
Value |
573.751 |
569.051 |
598.856 |
88.577 |
|
Gross Operating Margin |
Value |
1.112.703 |
1.093.752 |
978.533 |
150.352 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
119,99 |
96,36 |
122,81 |
126,77 |
|
Debts to suppliers average term |
Days |
148,60 |
110,81 |
149,37 |
141,48 |
|
Average stock waiting period |
Days |
68,10 |
119,83 |
72,51 |
45,00 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,77 |
1,05 |
1,12 |
1,12 |
|
Rate of stock return |
Units |
5,29 |
3,00 |
4,97 |
7,83 |
|
Labour cost incidence |
% |
13,88 |
12,15 |
11,11 |
20,16 |
|
Net financial revenues/ charges incidence |
% |
-2,91 |
-2,42 |
-1,15 |
-1,63 |
|
Labour cost on purchasing expenses |
% |
16,17 |
11,15 |
11,74 |
20,64 |
|
Short-term financing charges |
% |
2,49 |
2,85 |
1,49 |
2,63 |
|
Capital on hand |
% |
130,08 |
95,34 |
89,08 |
89,16 |
|
Sales pro employee |
Value |
232.236 |
264.975 |
292.124 |
163.688 |
|
Labour cost pro employee |
Value |
32.240 |
32.193 |
32.444 |
32.486 |
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 3.053 significant companies.
The companies cash their credits on an average of 127 dd.
The average duration of suppliers debts is about 141 dd.
The sector's profitability is on an average of 3,45%.
The labour cost affects the turnover in the measure of 20,16%.
Goods are held in stock in a range of 45 dd.
The difference between the sales volume and the resources used to
realize it is about 1,12.
The employees costs represent the 20,64% of the production costs.
Statistical
Detrimental Data
Statistcally the trade activity shows periods of crisis.
The area is statistically considered moderately risky.
In the region 50.886 protested subjects are found; in the province they
count to 5.551.
The insolvency index for the region is 0,55, , while for the province it
is 0,48.
Total Bankrupt companies in the province : 3.452.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.32 |
|
|
1 |
Rs.99.00 |
|
Euro |
1 |
Rs.78.14 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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.