MIRA INFORM REPORT
|
Report No. : |
319123 |
|
Report Date : |
24.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
FERRIERA DI CITTADELLA SOCIETA' PER AZIO NI |
|
|
|
|
Registered Office : |
Via Dei Cairoli, 9 36100 - Vicenza (VI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
28.10.1981 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
· Metallurgy · Cold-Rolling of Narrow Strips |
|
|
|
|
No. of Employees : |
From 71 to 90 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Italy |
A1 |
A1 |
|
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 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 132%
of GDP in 2014, 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 tax evasion. In 2014 economic growth and labor market
conditions continued to deteriorate, with overall unemployment rising to 12.2%
and youth unemployment around 40%. Italy's GDP is now nearly 10% below its 2007
pre-crisis level.
|
Source
: CIA |
Company
Name And Address
FERRIERA DI
CITTADELLA SOCIETA' PER AZIO NI (IN FORMA ABBREVIATA : FERRIERA DI CI
Via Dei
Cairoli, 9
36100 - Vicenza (VI) -IT-
Summary
|
Fiscal
Code |
: |
00800140246 |
|
Legal
Form |
: |
Joint
stock company |
|
start
of Activities |
: |
30/10/1998 |
|
Equity |
: |
Over
2.582.254 |
|
Turnover
Range |
: |
25.000.000/35.000.000
|
|
Number
of Employees |
: |
from
71 to 90 |
Activity
Metallurgy
Cold-rolling
of narrow strips
Legal
Data
Legal
Form : Joint stock company
|
Fiscal
Code : 00800140246 |
|
Foreign
Trade Reg. no. : VI046859 since 16/12/1998 |
|
Foreign
Trade Reg. no. : 046859 of Vicenza since 16/12/1998 |
|
Chamber
of Commerce no. : 104225 of Massa |
|
Chamber
of Commerce no. : 208043 of Padova until 05/11/1998 |
|
Chamber
of Commerce no. : 268718 of Treviso |
|
Chamber
of Commerce no. : 268566 of Vicenza since 05/11/1998 |
|
Firms'
Register : VI-1998-49228 of Vicenza since 10/11/1998 |
|
V.A.T.
Code : 02713790240 |
|
Foundation
date |
:
28/10/1981 |
|
Establishment
date |
:
28/10/1981 |
|
Start
of Activities |
:
30/10/1998 |
|
Legal
duration |
:
31/12/2050 |
|
Nominal
Capital |
:
2.600.000 |
|
Subscribed
Capital |
:
2.600.000 |
|
Paid
up Capital |
:
2.600.000 |
|
Legal
mail : |
FERRIERADICITTADELLA@LEGALMAIL.IT |
Members
|
|
Pirota |
Renato |
|
|
Born
in Milano |
(MI) |
on
28/09/1946 |
-
Fiscal Code : PRTRNT46P28F205W |
|
|
Residence: |
Monte
Cereo |
,
73/B |
-
35030 |
Rovolon |
(PD) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Sole
Director |
08/05/2013 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Marchesini |
Luigi |
|
|
Born
in Vicenza |
(VI) |
on
23/03/1964 |
-
Fiscal Code : MRCLGU64C23L840Y |
|
|
Residence: |
Europa |
,
30 |
-
36100 |
Vicenza |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney
with special power |
12/11/1998 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Ceroni |
Andrea |
|
|
Born
in Padova |
(PD) |
on
29/04/1965 |
-
Fiscal Code : CRNNDR65D29G224V |
|
|
Residence: |
I.
Caffi |
,
11 |
-
35100 |
Padova |
(PD) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney
with special power |
28/03/2002 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Catanzano |
Marco
Andrea |
|
|
Born
in Milano |
(MI) |
on
03/01/1965 |
-
Fiscal Code : CTNMCN65A03F205V |
|
|
Residence: |
Giordano
Bruno |
,
10 |
-
35124 |
Padova |
(PD) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney
with special power |
30/05/2012 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Pirota
S.a.s. Di Renato Pirota E C. |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Partner |
|
|
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.
|
|
Pirota |
Renato |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
DVS
IMMOBILIARE S.N.C. DI SCHIAVON EMANUELA eamp; C. |
Padova
(PD) - IT - |
00771510286 |
Partner |
Withdrawn |
Registered |
|
Cavour
13 S.n.c. Di Renato Pirota E C. |
Padova
(PD) - IT - |
02288450287 |
Partner |
Active |
Registered |
|
Pirota
S.a.s. Di Renato Pirota E C. |
Padova
(PD) - IT - |
03312600285 |
General
Partner |
Active |
Registered |
|
Il
Molo S.r.l. |
Padova
(PD) - IT - |
03647670284 |
Sole
Director |
Withdrawn |
Registered |
|
Il
Molo S.r.l. |
Padova
(PD) - IT - |
03647670284 |
Sole
partner |
Withdrawn |
Registered |
|
DVS
SERVIZI S.N.C. DI VAROTTO PAOLO eamp; C.IN LIQUIDAZIONE |
Trento
(TN) - IT - |
02146500281 |
Partner |
Withdrawn |
Registered |
|
Ferriera
Di Cittadella S.p.a. |
Vicenza
(VI) - IT - |
00161750245 |
Managing
Director |
Withdrawn |
Merged |
|
Ferriera
Di Cittadella S.p.a. |
Vicenza
(VI) - IT - |
00161750245 |
Board
Chairman |
Withdrawn |
Merged |
|
R.I.V.-ROTTAMI
INDUSTRIA VENETA S.R.L. |
Vicenza
(VI) - IT - |
80000870248 |
Sole
Director |
Withdrawn |
Registered |
|
FERRIERA
CASTELLANA - S.R.L. |
Vicenza
(VI) - IT - |
00197000268 |
Chairman |
Withdrawn |
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 |
|
Pirota
Renato |
Rovolon
- IT - |
PRTRNT46P28F205W |
1.144.000
.Eur |
44,00 |
|
Ferriera
Di Cittadella Societa' Per Azio Ni (in Forma Abbreviata : Ferriera Di Ci |
Vicenza
- IT - |
00800140246 |
130.000
.Eur |
5,00 |
|
Pirota
S.a.s. Di Renato Pirota E C. |
03312600285 |
1.326.000
.Eur |
51,00 |
|
|
Ferriera
Di Cittadella Societa' Per Azio ni (in Forma Abbreviata : Ferriera Di Ci |
00800140246 |
130.000
.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 |
|
Terminale
Ferroviario Valpolicella S.p.a . Per Brevita' T.f.v. S.p.a. |
Sant'Ambrogio
di Valpolicella - IT - |
02037360233 |
10.000
.Eur |
0,54 |
Active |
||
|
Sapi
S.p.a. |
Padova
- IT - |
00667110282 |
25.500
.Eur |
0,14 |
Active |
||
|
Internazionale
Marmi E Macchine - Carrar a S.p.a. |
Carrara
- IT - |
00207170457 |
10.346
.Eur |
0,03 |
Active |
||
|
Padova
Energia - Consorzio Per L'acquist o Di Risorse Energetiche |
Padova
- IT - |
03461840286 |
Active |
||||
|
Ferriera
Di Cittadella Societa' Per Azio Ni (in Forma Abbreviata : Ferriera Di Ci |
Vicenza
- IT - |
00800140246 |
130.000
.Eur |
5,00 |
Active |
||
|
Carrara
Lame S.r.l |
Carrara
- IT - |
00715350450 |
9.900
.Eur |
99,00 |
Active |
Firm's
location and structure
In
order to carry out its activities the firm uses the following locations:
|
- |
Legal
and operative seat |
|
Dei
Cairoli |
,
9 |
-
36100 |
-
Vicenza |
(VI) |
-
IT - |
|
PHONE |
:
0499400800 |
|
PHONE |
:
0499417100 |
|
FAX |
:
0499417111 |
|
Legal
mail |
:
FERRIERADICITTADELLA@LEGALMAIL.IT |
|
- |
Branch |
(Factory) |
since
30/10/1998 |
|
Castellana |
,
75 |
-
31039 |
-
Riese Pio X |
(TV) |
-
IT - |
|
PHONE |
:
0423746001 |
|
- |
Branch |
(Factory) |
since
30/10/1998 |
|
Vicenza |
,
126 |
-
35013 |
-
Cittadella |
(PD) |
-
IT - |
|
PHONE |
:
0499400800 |
|
Employees |
:
87 |
|
Fittings
and Equipment for a value of 2.650.000 |
Eur |
|
Stocks
for a value of 8.710.000 |
Eur |
Historical Information and/or Firm's Status
COMPANY STYLE
MODIFICATIONS:
|
Former
Style |
New
Style |
Changement
Date |
|
INTER.PI.
SpA |
03/11/1998 |
EX-MEMBERS /
EX-POSITIONS:
|
|
Pirota |
Roberto |
|
|
Born
in Milano |
(MI) |
on
04/07/1935 |
-
Fiscal Code : PRTRRT35L04F205W |
|
|
Residence: |
Romagna |
,
6 |
-
31033 |
Castelfranco
Veneto |
(TV) |
-
IT - |
|
Ex-Postions |
|
Attorney
with special power |
|
|
De
Marchi |
Luigi |
|
|
Born
in Candiana |
(PD) |
on
24/10/1948 |
-
Fiscal Code : DMRLGU48R24B589W |
|
|
Residence: |
Palermo |
,
1 |
-
35018 |
San
Martino di Lupari |
(PD) |
-
IT - |
|
Ex-Postions |
|
Attorney
with special power |
|
|
Naudon |
Jean
Claude |
|
|
Born
in Casablanca |
(
) |
on
18/07/1949 |
-
Fiscal Code : NDNJCL49L18Z330Q |
|
|
Residence: |
Vicenza |
,
128 |
-
35013 |
Cittadella |
(PD) |
-
IT - |
|
Ex-Postions |
|
Attorney
with special power |
|
|
Giacobbo |
Gabriella |
|
|
Born
in CITTADELLA |
(PD) |
on
02/02/1943 |
-
Fiscal Code : GCBGRL43B42C743P |
|
|
Residence: |
ALFIERI |
,
2 |
-
35013 |
CITTADELLA |
(PD) |
-
IT - |
|
Ex-Postions |
|
Attorney
with special power |
CEASINGS/INCORPORATIONS/MERGES:
|
|
The
firm absorved |
|
|
|
|
Dei
Cairoli |
,
9 |
,
36100 |
,
Vicenza |
(VI) |
-
IT - |
|
|
Date
|
:
|
30/10/1998 |
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
Subject
is active since 1998
The
analysis is based on the latest 3 balance sheets.
During
the last years, it recorded positive net results (r.o.e. 1,66% in 2013)
The
operating result was positive in the last financial year (2,57%) and in line
with the sector's average.
The
amount of the operating result is equal to Eur. 1.317.649 with a 46,82% growth.
The
gross operating margin of the latest financial year is of Eur. 2.145.757 ,
stable if compared to the year before.
From
a financial aspect the company's status covers total short-term debts; the
indebtedness volume in 2013 is in fact 0,38 improved in comparison with the
year before (0,39.).
It's
shareholders funds amount to Eur. 32.025.150 , unchanged as opposed to the
preceding year.
During
the last financial year total debts volume reached Eur. 18.035.947 (Eur.
600.000 were m/l term ones) , a more or less stable value.
The
company does not exceed in bank credits; payments average period is instead
slightly high (113,96 gg.) and higher than sector's average.
The
available funds are good.
Trade
credits average terms are slow, on average 93,94 days. within the average
values of the sector.
During
financial year 2013 the cash flow amounted to Eur. 1.360.810
Subordinate
employment cost is of Eur. 3.750.338, i.e. 14,68% on total production costs.
and a 14,05% incidence on sales volumes.
Limited
financial charges in relation to sales volume.
Financial
Data
|
|
Complete
balance-sheet for the year |
al
31/12/2013 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
26.691.343 |
|
Profit
(Loss) for the period |
532.702 |
|
|
Complete
balance-sheet for the year |
al
31/12/2012 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
31.955.717 |
|
Profit
(Loss) for the period |
460.171 |
|
|
Complete
balance-sheet for the year |
al
31/12/2011 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
33.846.615 |
|
Profit
(Loss) for the period |
323.280 |
|
|
Complete
balance-sheet for the year |
al
31/12/2010 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
33.997.729 |
|
Profit
(Loss) for the period |
893.572 |
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 |
0,52 |
0,50 |
0,47 |
0,35 |
|
Elasticity
Ratio |
Units |
0,47 |
0,50 |
0,53 |
0,63 |
|
Availability
of stock |
Units |
0,17 |
0,16 |
0,19 |
0,19 |
|
Total
Liquidity Ratio |
Units |
0,30 |
0,34 |
0,34 |
0,45 |
|
Quick
Ratio |
Units |
0,10 |
0,12 |
0,09 |
0,02 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net
Short-term indebtedness |
Units |
0,38 |
0,39 |
0,55 |
1,59 |
|
Self
Financing Ratio |
Units |
0,62 |
0,60 |
0,55 |
0,29 |
|
Capital
protection Ratio |
Units |
0,90 |
0,90 |
0,91 |
0,66 |
|
Liabilities
consolidation quotient |
Units |
0,08 |
0,11 |
0,13 |
0,35 |
|
Financing |
Units |
0,56 |
0,62 |
0,77 |
2,23 |
|
Permanent
Indebtedness Ratio |
Units |
0,65 |
0,64 |
0,60 |
0,50 |
|
M/L
term Debts Ratio |
Units |
0,03 |
0,04 |
0,05 |
0,13 |
|
Net
Financial Indebtedness Ratio |
Units |
0,15 |
0,17 |
0,32 |
0,66 |
|
CORRELATION |
|||||
|
Fixed
assets ratio |
Units |
1,25 |
1,29 |
1,28 |
1,28 |
|
Current
ratio |
Units |
1,40 |
1,43 |
1,35 |
1,23 |
|
Acid
Test Ratio-Liquidity Ratio |
Units |
0,90 |
0,98 |
0,86 |
0,85 |
|
Structure's
primary quotient |
Units |
1,19 |
1,21 |
1,17 |
0,82 |
|
Treasury's
primary quotient |
Units |
0,31 |
0,33 |
0,22 |
0,03 |
|
Rate
of indebtedness ( Leverage ) |
% |
160,04 |
166,22 |
181,70 |
333,89 |
|
Current
Capital ( net ) |
Value |
6.889.672 |
7.858.943 |
7.675.328 |
2.359.274 |
|
RETURN |
|||||
|
Return
on Sales |
% |
5,10 |
4,32 |
3,43 |
4,79 |
|
Return
on Equity - Net- ( R.O.E. ) |
% |
1,66 |
1,46 |
1,04 |
6,23 |
|
Return
on Equity - Gross - ( R.O.E. ) |
% |
3,05 |
2,49 |
2,40 |
12,22 |
|
Return
on Investment ( R.O.I. ) |
% |
2,57 |
1,71 |
2,07 |
4,96 |
|
Return/
Sales |
% |
4,94 |
2,81 |
3,45 |
4,88 |
|
Extra
Management revenues/charges incid. |
% |
40,43 |
51,28 |
27,65 |
37,59 |
|
Cash
Flow |
Value |
1.360.810 |
1.378.909 |
1.160.582 |
1.368.449 |
|
Operating
Profit |
Value |
1.317.649 |
897.448 |
1.168.981 |
1.180.845 |
|
Gross
Operating Margin |
Value |
2.145.757 |
1.816.186 |
2.006.283 |
1.810.612 |
|
MANAGEMENT |
|||||
|
Credits
to clients average term |
Days |
93,94 |
79,50 |
97,46 |
82,56 |
|
Debts
to suppliers average term |
Days |
113,96 |
101,22 |
91,32 |
85,89 |
|
Average
stock waiting period |
Days |
117,46 |
92,13 |
114,29 |
48,82 |
|
Rate
of capital employed return ( Turnover ) |
Units |
0,52 |
0,61 |
0,60 |
1,17 |
|
Rate
of stock return |
Units |
3,06 |
3,91 |
3,15 |
7,33 |
|
Labour
cost incidence |
% |
14,05 |
12,03 |
11,91 |
10,52 |
|
Net
financial revenues/ charges incidence |
% |
-1,11 |
-0,73 |
-0,88 |
-1,55 |
|
Labour
cost on purchasing expenses |
% |
14,68 |
12,35 |
11,28 |
9,99 |
|
Short-term
financing charges |
% |
1,85 |
2,18 |
1,64 |
3,23 |
|
Capital
on hand |
% |
192,02 |
163,97 |
166,92 |
84,83 |
|
Sales
pro employee |
Value |
306.797 |
266.297 |
268.623 |
401.664 |
|
Labour
cost pro employee |
Value |
43.107 |
32.041 |
32.002 |
38.717 |
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 significant companies.
The
companies cash their credits on an average of 22 dd.
The
average duration of suppliers debts is about 100 dd.
The
sector's profitability is on an average of 5,45%.
The
labour cost affects the turnover in the measure of 10,63%.
Goods
are held in stock in a range of 11 dd.
The
difference between the sales volume and the resources used to realize it is
about 0,94.
The
employees costs represent the 10,97% 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 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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.19 |
|
|
1 |
Rs.94.94 |
|
Euro |
1 |
Rs.67.66 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.