MIRA
INFORM REPORT
|
Report Date : |
13.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
CHEMATEK SPA |
|
|
|
|
Registered Office : |
Via Meravigli, 18, 20123 - Milano (MI) -IT- |
|
|
|
|
Country : |
|
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|
|
|
Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
17.03.1981 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
·
Wholesale of fertilizers and other agricultural
chemical products ·
Wholesale of Industrial chemical products |
|
|
|
|
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 |
|
Maximum Credit Limit : |
180.000 EUR |
|
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 & address
CHEMATEK SPA
Via Meravigli, 18
20123 - Milano (MI) -IT-
Summary
|
Fiscal Code |
: |
05870170155 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
17/03/1981 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
25.000.000/35.000.000 |
|
Number of Employees |
: |
From 26 to 35 |
Credit Analysis
Credit Opinion:
180.000
-
Activity
Wholesale of fertilizers and other agricultural chemical products
Wholesale of Industrial chemical products
Legal Data
Legal Form : Joint stock company
|
Fiscal Code : 05870170155 |
|
Foreign Trade Reg. no. : MI017927 since 09/12/1991 |
|
Foreign Trade Reg. no. : 17927 of Milano since 09/12/1991 |
|
Foreign Trade Reg. no. : 017927 of Milano since 09/12/1991 |
|
Chamber of Commerce no. : 205132 of Cagliari |
|
Chamber of Commerce no. : 228190 of Cagliari |
|
Chamber of Commerce no. : 205132 of Catania |
|
Chamber of Commerce no. : 1046931 of Milano since 01/08/1980 |
|
Chamber of Commerce no. : 982578 of Roma |
|
Firms' Register : MI146-196987 of Milano since 19/02/1996 |
|
V.A.T. Code : 05870170155 |
|
Tribunal Co. Register : 196937 of |
|
Foundation date |
: 25/06/1980 |
|
|
Establishment date |
: 25/06/1980 |
|
|
Start of Activities |
: 17/03/1981 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 2.000.000 |
|
|
Subscribed Capital |
: 2.000.000 |
|
|
Paid up Capital |
: 2.000.000 |
|
Members
|
|
Papandrea |
Giovanni |
|
|
|
Born in Messina |
(ME) |
on 27/06/1940 |
- Fiscal Code : PPNGNN40H27F158V |
|
|
|
Residence: |
|
Crescitelli |
, 6 |
- 20052 |
Monza |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2012 |
|
|
|
General Director |
28/11/1997 |
|
|
|
Managing Director |
09/05/2012 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Amico |
Giuseppe Stefano |
|
|
|
Born in Messina |
(ME) |
on 27/09/1944 |
- Fiscal Code : MCAGPP44P27F158F |
|
|
|
Residence: |
|
Umberto I |
, 2 |
- 42100 |
Reggio Emilia |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2012 |
|
|
|
|
Chiapparini Sacchini |
Gian Filippo |
|
|
|
Born in Viareggio |
(LU) |
on 08/12/1926 |
- Fiscal Code : CHPGFL26T08L833Z |
|
|
|
Residence: |
|
Juvara Filippo |
, 11 |
- 20129 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2012 |
|
|
|
Board Chairman |
29/04/2012 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Vegezzi |
Giuseppina |
|
|
|
Born in Nerviano |
(MI) |
on 08/07/1959 |
- Fiscal Code : VGZGPP59L48F874W |
|
|
|
Residence: |
|
Oberdan |
, 7 |
- 20025 |
Legnano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
28/04/2014 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Chematek International B.v. |
|
|
|
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
|
|
|
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.
|
|
Papandrea |
Giovanni |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Tradere S.r.l. |
Reggio Emilia (RE) - IT - |
01585950346 |
Director |
Withdrawn |
Registered |
|
Verdeblu S.n.c. Di Amico G. E PapandreaG. |
Lipari (ME) - IT - |
02627570837 |
Partner |
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 |
|
Papandrea Giovanni |
Monza - IT - |
PPNGNN40H27F158V |
620.000 .Eur |
31,00 |
|
Abernethy Zandra Mavor |
|
BRNZDR42M41Z114Y |
30.000 .Eur |
1,50 |
|
Chematek International B.v. |
|
|
900.000 .Eur |
45,00 |
|
Papandrea Alexis |
|
|
225.000 .Eur |
11,25 |
|
Papandrea Armando |
|
|
225.000 .Eur |
11,25 |
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 |
|
Tradere S.r.l. |
Reggio Emilia - IT - |
01585950346 |
11.440 .Eur |
55,00 |
|
|
Active |
Firm's location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
|
|
|
|
|
|
Meravigli |
, 18 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
|
|
|
PHONE |
: 0293753433 |
|
- |
Legal and operative seat |
|
until 29/04/2012 |
|
|
|
|
|
|
Monte Rosa |
, 19 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
|
|
|
PHONE |
: 0248009034 |
|
|
|
|
PHONE |
: 029375341 |
|
|
|
|
FAX |
: 029374435 |
|
- |
Branch |
(Warehouse) |
since 06/07/1994 |
|
|
|
|
|
|
Mantova |
, 2 |
- 20020 |
- Lainate |
(MI) |
- IT - |
|
|
|
|
PHONE |
: 0293753433 |
|
|
|
|
PHONE |
: 029375341 |
|
- |
Branch |
(Sales office) |
since 12/01/2004 |
|
|
|
|
|
Calle 6 No.710 Esquina A9na |
, 710 |
- Ciudad De La Habana |
- IT - |
|
- |
Branch |
(Factory) |
since 03/10/2011 |
|
|
|
|
|
|
Puccini |
, 18 |
- 20028 |
- San Vittore Olona |
(MI) |
- IT - |
|
|
|
|
PHONE |
: 033193541 |
|
|
|
|
PHONE |
: 0331935420 |
|
|
|
|
FAX |
: 033195340 |
|
- |
Branch |
(office) |
|
|
|
|
|
|
Pantano D'arci |
, 499 |
- 95100 |
- Catania |
(CT) |
- IT - |
|
- |
Branch |
(Representative office) |
since 28/04/2010 |
|
|
|
|
|
Ripetta |
, 70 |
- 00100 |
- Roma |
(RM) |
- IT - |
|
|
|
|
PHONE |
: 0636006034 |
|
|
|
|
Employees |
: 30 |
|
Fittings and Equipment for a value of 370.000 |
Eur |
|
Stocks for a value of 3.260.000 |
Eur |
|
Furniture and fittings for a value of 100.000 |
Eur |
|
Vehicles for a value of 67.000 |
Eur |
Trade organization: direct or by agents.
|
|
The firm operates abroad as importer / exporter..
To purchase foreign products the firm uses the following channels :
|
- direct orders to foreign companies |
Export represents up to 20% of the global turnover.
Products abroad are placed by :
|
- direct orders from foreign companies |
Import comes generally from the following nations:
|
- Greece |
|
- France |
|
- Poland |
|
- Germany |
|
- Great Britain |
Export is mainly towards:
|
- Greece |
|
- France |
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 |
07/10/1996 |
EX-MEMBERS / EX-POSITIONS:
|
|
Piceci |
Luigi |
|
|
|
Born in Milano |
(MI) |
on 04/02/1932 |
- Fiscal Code : PCCLGU32B04F205T |
|
|
|
Residence: |
|
Bergamo |
, 3/722 |
- 20090 |
Cusago |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
Permanent Auditor |
|
|
Piceci |
Alessandra |
|
|
|
Born in Milano |
(MI) |
on 11/02/1959 |
- Fiscal Code : PCCLSN59B51F205S |
|
|
|
Residence: |
|
Cavalcabo' Pietro |
, 2 |
- 20146 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Papandrea |
Giovanni |
|
|
|
Born in Messina |
(ME) |
on 27/06/1940 |
- Fiscal Code : PPNGNN40H27F158V |
|
|
|
Residence: |
|
Crescitelli |
, 6 |
- 20052 |
Monza |
(MI) |
- IT - |
|
Ex-Postions |
|
Sole Director |
|
Managing Director |
|
Managing Director |
|
|
Grandi |
Erio Fortunato |
|
|
|
Born in Genova |
(GE) |
on 14/02/1932 |
- Fiscal Code : GRNRRT32B14D969K |
|
|
|
Residence: |
|
Lazzaroni Giuseppina |
, 12 |
- 20124 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
Permanent Auditor |
|
Temporary Auditor |
|
|
Zabeo |
Andrea |
|
|
|
Born in Milano |
(MI) |
on 11/12/1971 |
- Fiscal Code : ZBANDR71T11F205O |
|
|
|
Residence: |
|
Adelaide Cairoli Bono |
, 34 |
- . |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Bezzan |
Alberta |
|
|
|
Born in MILANO |
(MI) |
on 19/07/1958 |
- Fiscal Code : BZZLRT58L59F205E |
|
|
|
Residence: |
|
MOLISE |
, 17 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Chematek International B.v. |
|
|
|
|
Ex-Postions |
|
Partner |
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 1981.
The eonomic-financial analysis is based on the latest 3 b/s.
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 2,71% in 2013 keeping the turnover steady during the
last two years.
The return on Investment in the last financial year was positive (2,71%)
falling within the field's average.
The amount of the operating result is equal to Eur. 620.293 ,showing
stability in respect to the value of 2012.
The gross operating margin of the latest financial year is of Eur.
769.502 ,with no change if compared to the year before.
The financial status of the company is fairly balanced with an
indebtedness level of 2,48 yet on the increase as against the previous
accounting period.
Subject can manage an equity capital funds for an amount of Eur.
4.281.401 , stable in comparison with the value of the previous year.
During the last financial year debts totalled Eur. 15.836.877 (Eur.
3.362.938 of which were m/l term debts) , with no sensible variation.
Financial debts as well as debts to suppliers are rather high but lined
up with the field's average.
Liquidity is good (1,28)
As far as the collection of credit goes, the average is high (133,27 days).
but on the same levels as the average of the sector.
As far as the cash flow is concerned during the latest financial year it
amounted to Eur. 265.294
Labour cost expenses amount to Eur. 1.639.527 , representing 6,43% on
the total of production costs. , whereas the incidence of such costs on sales
revenues is equal to 6,55%.
Financial charges have a high incidence (-1,83%) on turnover figures.
Financial Data
|
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
25.028.924 |
|
Profit (Loss) for the period |
116.085 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
25.896.886 |
|
Profit (Loss) for the period |
83.964 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
28.207.275 |
|
Profit (Loss) for the period |
218.497 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
20.493.406 |
|
Profit (Loss) for the period |
154.681 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
16.928.716 |
|
Profit (Loss) for the period |
138.684 |
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 |
|
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|
|
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 |
0,30 |
0,32 |
0,25 |
0,11 |
|
Elasticity Ratio |
Units |
0,70 |
0,68 |
0,74 |
0,87 |
|
Availability of stock |
Units |
0,14 |
0,14 |
0,13 |
0,22 |
|
Total Liquidity Ratio |
Units |
0,56 |
0,54 |
0,61 |
0,56 |
|
Quick Ratio |
Units |
0,10 |
0,18 |
0,08 |
0,02 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
2,48 |
1,90 |
3,24 |
3,81 |
|
Self Financing Ratio |
Units |
0,19 |
0,19 |
0,18 |
0,17 |
|
Capital protection Ratio |
Units |
0,51 |
0,49 |
0,44 |
0,65 |
|
Liabilities consolidation quotient |
Units |
0,31 |
0,33 |
0,23 |
0,12 |
|
Financing |
Units |
3,70 |
3,40 |
4,50 |
4,72 |
|
Permanent Indebtedness Ratio |
Units |
0,36 |
0,36 |
0,32 |
0,30 |
|
M/L term Debts Ratio |
Units |
0,17 |
0,17 |
0,15 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
1,52 |
1,15 |
1,70 |
1,28 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,20 |
1,13 |
1,28 |
2,06 |
|
Current ratio |
Units |
1,28 |
1,33 |
1,15 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,02 |
1,06 |
0,94 |
0,84 |
|
Structure's primary quotient |
Units |
0,63 |
0,60 |
0,70 |
1,28 |
|
Treasury's primary quotient |
Units |
0,19 |
0,35 |
0,12 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
533,90 |
518,83 |
565,53 |
591,61 |
|
Current Capital ( net ) |
Value |
3.502.352 |
3.548.633 |
2.143.281 |
219.071 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
1,06 |
0,78 |
1,41 |
2,22 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
2,71 |
2,06 |
5,49 |
6,27 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
6,87 |
6,84 |
11,43 |
15,95 |
|
Return on Investment ( R.O.I. ) |
% |
2,71 |
2,61 |
2,40 |
4,19 |
|
Return/ Sales |
% |
2,48 |
2,13 |
1,91 |
3,42 |
|
Extra Management revenues/charges incid. |
% |
18,71 |
15,25 |
40,49 |
29,26 |
|
Cash Flow |
Value |
265.294 |
201.260 |
397.755 |
61.669 |
|
Operating Profit |
Value |
620.293 |
550.461 |
539.679 |
95.558 |
|
Gross Operating Margin |
Value |
769.502 |
667.757 |
718.937 |
144.934 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
133,27 |
88,36 |
144,53 |
120,94 |
|
Debts to suppliers average term |
Days |
103,69 |
83,40 |
125,69 |
120,04 |
|
Average stock waiting period |
Days |
46,82 |
40,47 |
38,36 |
61,92 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,09 |
1,23 |
1,25 |
1,27 |
|
Rate of stock return |
Units |
7,69 |
8,90 |
9,38 |
5,74 |
|
Labour cost incidence |
% |
6,55 |
5,32 |
5,08 |
7,77 |
|
Net financial revenues/ charges incidence |
% |
-1,83 |
-3,75 |
-3,82 |
-1,26 |
|
Labour cost on purchasing expenses |
% |
6,43 |
5,31 |
5,10 |
7,90 |
|
Short-term financing charges |
% |
3,03 |
7,07 |
6,08 |
2,67 |
|
Capital on hand |
% |
91,33 |
81,46 |
79,84 |
78,39 |
|
Sales pro employee |
Value |
807.384 |
959.143 |
1.044.713 |
437.713 |
|
Labour cost pro employee |
Value |
52.887 |
51.061 |
53.051 |
33.928 |
Credit Opinion
On the basis of the above mentioned, and the sales volume obtained, we
deem that the maximum exposure for short and medium term transactions (90 - 120
days) could be of: 180.000 Eur.
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 6.137 significant companies.
The companies cash their credits on an average of 121 dd.
The average duration of suppliers debts is about 120 dd.
The sector's profitability is on an average of 2,22%.
The labour cost affects the turnover in the measure of 7,77%.
Goods are held in stock in a range of 62 dd.
The difference between the sales volume and the resources used to
realize it is about 1,27.
The employees costs represent the 7,90% 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 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.60.91 |
|
|
1 |
Rs.98.65 |
|
Euro |
1 |
Rs.78.64 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.