|
Report Date : |
01.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
BOSS DIAMOND SRL |
|
|
|
|
Registered Office : |
Via A. Chinotto, 24, 36100-Vicenza |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
15.12.1989 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
·
Production of precious metals ·
Manufacture of jewellery in precious metals o
plated with precious metals ·
Wholesale of clocks, watches and jewellery |
|
|
|
|
No of Employees : |
From 6 to 10 |
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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate 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 & ADDRESS
BOSS DIAMOND SRL
|
Via |
A. Chinotto, |
24 |
|
36100 |
- Vicenza |
(VI) |
-IT- |
|
Fiscal Code |
: |
02029930241 |
|
Legal Form |
: |
Limited liability company |
|
Start of Activities |
: |
15/12/1989 |
|
Equity |
: |
1.000.000 |
|
Turnover Range |
: |
3.750.000/5.000.000 |
|
Number of Employees |
: |
from 6 to 10 |
Production of precious metals
Manufacture of jewellery in precious metals o plated with precious
metals
Wholesale of clocks, watches and jewellery
Legal Form : Limited liability company
|
Fiscal Code : 02029930241 |
|
Foreign Trade Reg. no. : VI027818 since 17/02/1992 |
|
Chamber of Commerce no. : 244388 of Alessandria |
|
Chamber of Commerce no. : 201219 of Vicenza since 03/01/1989 |
|
V.A.T. Code : 02029930241 |
|
Establishment date |
: 07/11/1988 |
|
|
Start of Activities |
: 15/12/1989 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 100.000 |
|
|
Subscribed Capital |
: 100.000 |
|
|
Paid up Capital |
: 100.000 |
|
|
|
Martinetti |
Paolo Lorenzo |
|
|
|
Born in Montemagno |
(AT) |
on 25/07/1948 |
- Fiscal Code : MRTPLR48L25F556D |
|
|
|
Residence: |
|
Del Vivaio |
, 4 |
- 15048 |
Valenza |
(AL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Martinetti |
Alessandro |
|
|
|
Born in Casale Monferrato |
(AL) |
on 29/04/1981 |
- Fiscal Code : MRTLSN81D29B885U |
|
|
|
Residence: |
|
Costanza |
, 7 A |
- 15122 |
Alessandria |
(AL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
29/11/2011 |
|
|
|
|
No Prejudicial events are reported |
|
|
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.
|
|
Martinetti |
Alessandro |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Dream Capital Partners S.p.a. |
Milano (MI) - IT - |
07758730969 |
Director |
Active |
Registered |
|
Alma Consulting S.r.l. |
Valenza (AL) - IT - |
02344270067 |
Sole Director |
Active |
Registered |
|
Valenza Rete Gas S.p.a. |
Valenza (AL) - IT - |
02360870063 |
Director |
Active |
Registered |
|
Valenza Rete Gas S.p.a. |
Valenza (AL) - IT - |
02360870063 |
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.
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Martinetti Paolo Lorenzo |
Valenza - IT - |
MRTPLR48L25F556D |
29.000 .Eur |
29,00 |
|
Piano Domenico |
Altavilla Vicentina - IT - |
PNIDNC58P25C271J |
10.500 .Eur |
10,50 |
|
Lotto Moreno Walter |
Vicenza - IT - |
LTTMNW70A23L840X |
10.500 .Eur |
10,50 |
|
Piano Maurizio |
Creazzo - IT - |
PNIMRZ59S05C971B |
10.500 .Eur |
10,50 |
|
Rizzetto Alessandro |
Vicenza - IT - |
RZZLSN67P22L840D |
10.500 .Eur |
10,50 |
|
Martinetti Alessandro |
Alessandria - IT - |
MRTLSN81D29B885U |
14.500 .Eur |
14,50 |
|
Martinetti Guido |
|
MRTGDU79R11B885C |
14.500 .Eur |
14,50 |
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 |
|
|
|
|
|
|
|
A. Chinotto |
, 24 |
- 36100 |
- Vicenza |
(VI) |
- IT - |
|
|
|
|
PHONE |
: 0444962725 |
|
- |
Branch |
(office) |
since 07/01/2008 |
|
|
|
|
|
|
Piave Primo Piano |
, 16 |
- 36077 |
- Altavilla Vicentina |
(VI) |
- IT - |
|
- |
Branch |
(office) |
since 01/11/2010 |
|
|
|
|
|
|
Michelangelo |
, 1 |
- 15048 |
- Valenza |
(AL) |
- IT - |
|
|
|
|
Employees |
: 7 |
|
|
|
|
Assistants |
: 1 |
|
Fittings and Equipment for a value of 130.000 |
Eur |
|
Stocks for a value of 350.000 |
Eur |
|
|
The firm operates abroad as importer..
To purchase foreign products the firm uses the following channels :
|
- its own sales net-work |
Import comes generally from the following nations:
|
- Austria |
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Sole-Member Limited Liability Company |
Limited liability company |
31/03/2009 |
COMPANY STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
ADAMANTES S.R.L |
BOSS DIAMOND SRL |
26/03/2009 |
EX-MEMBERS / EX-POSITIONS:
|
|
Roberto |
Francesco |
|
|
|
Born in Montemagno |
(AT) |
on 11/04/1929 |
- Fiscal Code : RBRFNC29D11F556A |
|
|
|
Residence: |
|
Giambellino |
, 39 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
|
Martinetti |
Paolo Lorenzo |
|
|
|
Born in Montemagno |
(AT) |
on 25/07/1948 |
- Fiscal Code : MRTPLR48L25F556D |
|
|
|
Residence: |
|
Del Vivaio |
, 4 |
- 15048 |
Valenza |
(AL) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
|
Piano |
Domenico |
|
|
|
Born in Castelsaraceno |
(PZ) |
on 25/09/1958 |
- Fiscal Code : PNIDNC58P25C271J |
|
|
|
Residence: |
|
Rimini |
, 27 |
- 36077 |
Altavilla Vicentina |
(VI) |
- IT - |
|
Ex-Postions |
|
Board Chairman |
|
Managing Director |
|
Director |
|
|
Lotto |
Moreno Walter |
|
|
|
Born in Vicenza |
(VI) |
on 23/01/1970 |
- Fiscal Code : LTTMNW70A23L840X |
|
|
|
Residence: |
|
Marosticana |
, 299/Z |
- 36100 |
Vicenza |
(VI) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
|
Piano |
Maurizio |
|
|
|
Born in Contrada |
(AV) |
on 05/11/1959 |
- Fiscal Code : PNIMRZ59S05C971B |
|
|
|
Residence: |
|
L. Da Vinci |
, 23 |
- 36051 |
Creazzo |
(VI) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
|
Rizzetto |
Alessandro |
|
|
|
Born in Vicenza |
(VI) |
on 22/09/1967 |
- Fiscal Code : RZZLSN67P22L840D |
|
|
|
Residence: |
|
Della Porciglia |
, 182/C |
- 36100 |
Vicenza |
(VI) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
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 1989.
The economic-financial analysis has been made on the base of the b/s of
the latests three years.
During the last years, it achieved profits (r.o.e. 36,49% on 2013) with
an increase in 2013 (+21,74%).
The operating result in 2013 was positive (9,27%) and reflects the
field's average.
An operating result of Eur. 374.424 has been registered. with a 48,35%
growth.
A gross operating margine for a value of Eur. 446.909 was reached.
growing by 57,18% if compared to the year before.
The analysis shows a fair financial position as the indebtedness volume
is acceptable (2,92) and decreasing as against 2012.
It's shareholders funds amount to Eur. 817.704 , with an upward trend.
Total debts recorded amounted to Eur. 3.194.230 (Eur. 567.108 of which
were m/l term debts) with a growth equal to 40,83%.
The financial exposure is moderate, on the other hand the recourse to
commercial credit is high, with a high average payment period and higher than
sector's average.
Liquid assets are good.
Trade credits average terms are slow, on average 236,47 days. besides
being higher than the sector's average.
2013 financial year closed with a cash flow of Eur. 370.871
During 2013 financial year labour costs amounted to Eur. 240.253, with a
5,26% incidence on production costs. , whereas 4,88% is the incidence on sales
revenues.
The financial management is positive as incomes are higher than the
charges.
|
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.927.857 |
|
Profit (Loss) for the period |
298.386 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.047.602 |
|
Profit (Loss) for the period |
149.817 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.696.370 |
|
Profit (Loss) for the period |
29.878 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.172.908 |
|
Profit (Loss) for the period |
204.588 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.324.338 |
|
Profit (Loss) for the period |
13.028 |
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 |
0,02 |
0,04 |
0,04 |
0,09 |
|
Elasticity Ratio |
Units |
0,97 |
0,96 |
0,96 |
0,89 |
|
Availability of stock |
Units |
0,09 |
0,06 |
0,07 |
0,26 |
|
Total Liquidity Ratio |
Units |
0,89 |
0,90 |
0,89 |
0,54 |
|
Quick Ratio |
Units |
0,06 |
0,11 |
0,04 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
2,92 |
3,75 |
5,58 |
3,95 |
|
Self Financing Ratio |
Units |
0,20 |
0,19 |
0,12 |
0,17 |
|
Capital protection Ratio |
Units |
0,51 |
0,52 |
0,67 |
0,62 |
|
Liabilities consolidation quotient |
Units |
0,23 |
0,02 |
0,23 |
0,10 |
|
Financing |
Units |
3,91 |
4,37 |
7,26 |
4,85 |
|
Permanent Indebtedness Ratio |
Units |
0,35 |
0,20 |
0,28 |
0,29 |
|
M/L term Debts Ratio |
Units |
0,15 |
0,01 |
0,16 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
0,72 |
1,43 |
3,79 |
1,04 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
15,33 |
4,96 |
6,98 |
2,37 |
|
Current ratio |
Units |
1,50 |
1,20 |
1,34 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,36 |
1,12 |
1,25 |
0,80 |
|
Structure's primary quotient |
Units |
8,89 |
4,60 |
2,96 |
1,48 |
|
Treasury's primary quotient |
Units |
0,09 |
0,13 |
0,06 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
493,75 |
539,35 |
828,54 |
602,26 |
|
Current Capital ( net ) |
Value |
1.307.146 |
437.301 |
798.193 |
191.984 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
7,53 |
4,49 |
1,43 |
2,03 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
36,49 |
28,85 |
7,57 |
6,31 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
51,92 |
43,15 |
20,66 |
17,00 |
|
Return on Investment ( R.O.I. ) |
% |
9,27 |
9,01 |
4,60 |
4,18 |
|
Return/ Sales |
% |
7,60 |
6,24 |
3,20 |
3,46 |
|
Extra Management revenues/charges incid. |
% |
79,69 |
59,36 |
19,88 |
27,96 |
|
Cash Flow |
Value |
370.871 |
181.748 |
67.030 |
44.823 |
|
Operating Profit |
Value |
374.424 |
252.385 |
150.264 |
74.603 |
|
Gross Operating Margin |
Value |
446.909 |
284.316 |
187.416 |
111.383 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
236,47 |
194,53 |
198,18 |
113,70 |
|
Debts to suppliers average term |
Days |
170,24 |
112,15 |
101,65 |
118,14 |
|
Average stock waiting period |
Days |
25,45 |
14,44 |
16,61 |
72,90 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,22 |
1,45 |
1,44 |
1,25 |
|
Rate of stock return |
Units |
14,14 |
24,92 |
21,68 |
4,88 |
|
Labour cost incidence |
% |
4,88 |
5,58 |
4,19 |
8,14 |
|
Net financial revenues/ charges incidence |
% |
1,02 |
-0,95 |
-1,11 |
-1,38 |
|
Labour cost on purchasing expenses |
% |
5,26 |
6,27 |
4,32 |
8,25 |
|
Short-term financing charges |
% |
n.c. |
1,69 |
1,82 |
2,76 |
|
Capital on hand |
% |
81,93 |
69,20 |
69,60 |
79,85 |
|
Sales pro employee |
Value |
703.979 |
578.228 |
782.728 |
397.742 |
|
Labour cost pro employee |
Value |
34.321 |
32.239 |
32.761 |
33.267 |
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 |
: |
831.356 |
|
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 9.175 significant companies.
The companies cash their credits on an average of 114 dd.
The average duration of suppliers debts is about 118 dd.
The sector's profitability is on an average of 2,03%.
The labour cost affects the turnover in the measure of 8,14%.
Goods are held in stock in a range of 73 dd.
The difference between the sales volume and the resources used to
realize it is about 1,25.
The employees costs represent the 8,25% of the production costs.
Statistcally 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 2.234.
The insolvency index for the region is 0,30, , while for the province it
is 0,27.
Total Bankrupt companies in the province : 2.546.
Total Bankrupt companies in the region : 16.714.
DIAMOND INDUSTRY – INDIA
-
From time immemorial, India is well known in the world as the birthplace
for diamonds. It is difficult to trace the origin of diamonds but history
says that in the remote past, diamonds were mined only in India. Diamond
production in India can be traced back to almost 8th Century B.C.
India, in fact, remained undisputed leader till 18th Century
when Brazilian fields were discovered in 1725 followed by emergence of S.
Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was possible only due to
combination of the manufacturing skills of the Indian workforce and the
untiring and unflagging efforts of the Indian diamantaires, supported by
progressive Government policies.
-
The area of study of family owned diamond businesses derives its
importance from the huge conglomerate of family run organizations which operate
in the diamond industry since many generations.
-
Some of the basic traits of family run business enterprises include
spirit of entrepreneurship, mutual trust lowers transaction costs, small,
nimble and quick to react, information as a source of advantage and
philanthropy.
-
Family owned diamond businesses need to improve on many fronts including
higher standard of corporate governance, long-term performance – focused
strategies, modern management and technology.
-
Utmost caution is to be exercised while dealing with some medium and
large diamond traders which are usually engaged in fictitious import – export,
inter-company transactions, financially assisted by banks. In the process,
several public sector banks lost several hundred million rupees. They mostly
diverted borrowed money for diamond business into real estate and capital
markets.
-
Excerpts from Times of India dated 30th October 2010 is as
under –
-
Gem & Jewellery Export Promotion Council in its statistical data has
shown the export of polished diamonds to have increase by 28 % in February
2013. Compared to $ 1.4 bn worth of polished diamond export in February, 2012,
India exported $ 1.84 billion worth of polished diamonds in February 2013. A
senior executive of GJEPC said, “Export of cut and polished diamonds started
falling month-wise after the imposition of 2 % of import duty on the polished
diamonds. But February, 2013 has given a new ray of hope to the industry as the
export of polished diamonds has actually increased by 28 %. It means the
industry is on the track of recovery and round tripping of diamonds has
stopped completely.” Demand has started coming from the US, the UK, Japan and
China. India’s polished diamond export is expected to cross $ 21 bn in 2013-14.
-
The banking sector has started exercising restraint while following
prudent risk management norms when lending money to gems and jewellery sector.
This follows the implementation of Basel III accord – a global voluntary
regulatory standard on bank capital adequacy, stress testing and market
liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.47 |
|
UK Pound |
1 |
Rs.100.35 |
|
Euro |
1 |
Rs.79.86 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SMN |
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.