MIRA INFORM REPORT
|
Report No. : |
319142 |
|
Report Date : |
25.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
FERRARO - S.P.A. |
|
|
|
|
Registered Office : |
Viale Per Busto Arsizio, 120 21015 - Lonate Pozzolo (VA) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
05.07.1983 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
Manufacture of Machinery for Textile,
Apparel and Leather Industries. (Including Spare Parts and Accessories) |
|
|
|
|
No. of Employees : |
From 25 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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
FERRARO - S.P.A.
Viale Per Busto Arsizio, 120
21015 - Lonate Pozzolo (VA) -IT-
Summary
|
Fiscal Code |
: |
01044680187 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
16/01/1986 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
9.000.000/10.000.000 |
|
Number of Employees |
: |
from 26 to 35 |
Activity
Manufacture of machinery for textile, apparel and leather industries
(Including Spare Parts and Accessories)
Legal
Data
Legal Form : Joint stock company
|
Fiscal Code : 01044680187 |
|
Foreign Trade Reg. no. : VA029895 since 15/06/1992 |
|
Chamber of Commerce no. : 193588 of Varese since 11/03/1986 |
|
V.A.T. Code : 01594310128 |
|
Establishment date |
: 05/07/1983 |
|
Start of Activities |
: 16/01/1986 |
|
Legal duration |
: 31/12/2050 |
|
Nominal Capital |
: 774.750 |
|
Subscribed Capital |
: 774.750 |
|
Paid up Capital |
: 774.750 |
Members
|
|
Ferraro |
Giancarlo |
|
|
Born in Busto Arsizio |
(VA) |
on 09/03/1953 |
- Fiscal Code : FRRGCR53C09B300N |
|
|
Residence: |
Molino Di Mezzo |
, 2 |
- 21019 |
Somma Lombardo |
(VA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
12/06/2013 |
||
|
Director |
12/06/2013 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Ferraro |
Simone |
|
|
Born in Busto Arsizio |
(VA) |
on 29/11/1979 |
- Fiscal Code : FRRSMN79S29B300B |
|
|
Residence: |
- 21019 |
Somma Lombardo |
(VA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
17/07/2013 |
||
|
Director |
12/06/2013 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Zucchi |
Alessandro |
|
|
Born in Urgnano |
(BG) |
on 08/11/1958 |
- Fiscal Code : ZCCLSN58S08L502R |
|
|
Residence: |
Per Busto Arsizio |
, 120 |
- 21015 |
Lonate Pozzolo |
(VA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
12/06/2013 |
||
|
Managing Director |
17/07/2013 |
|
|
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.
|
|
Ferraro |
Giancarlo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Etrusca Di Ferraro Giancarlo E Roncari Anna - Societa' Semplice |
Lonate Pozzolo (VA) - IT - |
02511750123 |
Sole Director |
Withdrawn |
Registered |
|
Etrusca Di Ferraro Giancarlo E Roncari Anna - Societa' Semplice |
Lonate Pozzolo (VA) - IT - |
02511750123 |
Partner |
Active |
Registered |
|
Lamperti Group - S.r.l. In LiquidazionE - In Concordato Preventivo |
Busto Arsizio (VA) - IT - |
02522180120 |
Director |
Withdrawn |
In liquidation |
|
Lamperti Group - S.r.l. In LiquidazionE - In Concordato Preventivo |
Busto Arsizio (VA) - IT - |
02522180120 |
Managing
Director |
Withdrawn |
In liquidation |
|
Interfinish S.r.l. |
Lonate Pozzolo (VA) - IT - |
01804930129 |
Sole Director |
Active |
Registered |
|
Interfinish S.r.l. |
Lonate Pozzolo (VA) - IT - |
01804930129 |
Partner |
Withdrawn |
Registered |
|
Cascina Mulin De Mez Di Ferraro Giancarlo E Roncari Anna S.a.s. |
Somma Lombardo (VA) - IT - |
02190040127 |
General Partner |
Active |
Registered |
|
Cascina Mulin De Mez Di Ferraro Giancarlo E Roncari Anna S.a.s. |
Somma Lombardo (VA) - IT - |
02190040127 |
Manager |
Active |
Registered |
|
|
Ferraro |
Simone |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Sasy S.r.l. - In Liquidazione |
Lonate Pozzolo (VA) - IT - |
03835560966 |
Director |
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 |
|
Ferraro Giancarlo |
Somma Lombardo - IT - |
FRRGCR53C09B300N |
588.810 .Eur |
76,00 |
|
Ferraro Simone |
Somma Lombardo - IT - |
FRRSMN79S29B300B |
73.601 .Eur |
9,50 |
|
Roncari Anna |
Somma Lombardo - IT - |
RNCNNA54L42L781V |
38.737 .Eur |
5,00 |
|
Ferraro Sara |
FRRSRA82R43B300J |
73.601 .Eur |
9,50 |
Direct
Participations
The Company under review has no participations in other Companies.
Firm's
location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
Per Busto Arsizio |
, 120 |
- 21015 |
- Lonate Pozzolo |
(VA) |
- IT - |
|
PHONE |
: 0331302994 |
|
PHONE |
: 033132994 |
|
FAX |
: 0331302968 |
|
- |
Branch |
(Store) |
since 01/04/1992 |
|
Contrada Gelada |
- 21015 |
- Lonate Pozzolo |
(VA) |
- IT - |
|
PHONE |
: 0331302994 |
|
Employees |
: 32 |
|
Fittings and Equipment for a value of 270.000 |
Eur |
|
Stocks for a value of 1.220.000 |
Eur |
Historical Information and/or Firm's Status
EX-MEMBERS / EX-POSITIONS:
|
|
Ferraro |
Giancarlo |
|
|
Born in Busto Arsizio |
(VA) |
on 09/03/1953 |
- Fiscal Code : FRRGCR53C09B300N |
|
|
Residence: |
Molino Di Mezzo |
, 2 |
- 21019 |
Somma Lombardo |
(VA) |
- IT - |
|
Ex-Postions |
|
Sole Director |
|
|
Roncari |
Anna |
|
|
Born in Verona |
(VR) |
on 02/07/1954 |
- Fiscal Code : RNCNNA54L42L781V |
|
|
Residence: |
Molino Di Mezzo |
, 2 |
- 21019 |
Somma Lombardo |
(VA) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Director |
|
|
Bianchi |
Carlo |
|
|
Born in Busto Arsizio |
(VA) |
on 11/04/1977 |
- Fiscal Code : BNCCRL77D11B300C |
|
|
Residence: |
Sempione 18 |
- 28047 |
Oleggio |
(NO) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Moroni |
Davide |
|
|
Born in Busto Arsizio |
(VA) |
on 06/02/1980 |
- Fiscal Code : MRNDVD80B06B300K |
|
|
Residence: |
Guido Gozzano |
, 18 |
- 21052 |
Busto Arsizio |
(VA) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Faggiano |
Antonio |
|
|
Born in Pavia |
(PV) |
on 23/11/1944 |
- Fiscal Code : FGGNTN44S23G388S |
|
|
Residence: |
Xx Settembre |
, 66 |
- 21052 |
Busto Arsizio |
(VA) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Caldiroli |
Virginio |
|
|
Born in Gorla Minore |
(VA) |
on 01/03/1948 |
- Fiscal Code : CLDVGN48C01E102Z |
|
|
Residence: |
G. Tovo |
, 2 |
- 21057 |
Olgiate Olona |
(VA) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Frontini |
Gaudenzio |
|
|
Born in Solbiate Olona |
(VA) |
on 28/10/1934 |
- Fiscal Code : FRNGNZ34R28I794C |
|
|
Residence: |
Mentana |
, 7 |
- 21052 |
Busto Arsizio |
(VA) |
- IT - |
|
Ex-Postions |
|
Auditor |
|
Permanent Auditor |
|
|
Frontini |
Massimiliano |
|
|
Born in Busto Arsizio |
(VA) |
on 07/09/1968 |
- Fiscal Code : FRNMSM68P07B300I |
|
|
Residence: |
Mentana |
, 7/B |
- 21052 |
Busto Arsizio |
(VA) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
Ferioli |
Anna Amba |
|
|
Born in Gorla Minore |
(VA) |
on 13/08/1938 |
- Fiscal Code : FRLNMB38M53E102Q |
|
|
Residence: |
Mentana |
, 7 |
- 21052 |
Busto Arsizio |
(VA) |
- IT - |
|
Ex-Postions |
|
Auditor |
|
Permanent 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
Subject is active since 1986
Balance sheets for the years 2011, 2012 and 2013 were analyzed.
During the last years, it recorded positive net results (r.o.e. 0,79% in
2013)
The return on Investment in the last financial year was positive (1,71%)
falling within the field's average.
An operating result of Eur. 177.020 has been registered. rising (+more
then 100%) in relation to the previous year.
A gross operating margine for a value of Eur. 447.448 was reached. with
a more then 100% increase as opposed to the preceding year.
From a financial aspect the company's status covers total short-term
debts; the indebtedness volume in 2013 is in fact 0,24 lower than in 2012.
With regard to equity capital, an amount of Eur. 5.376.900 is
registered. , unchanged if compared to 2012.
During the last financial year debts totalled Eur. 3.973.484 (Eur.
767.568 of which were m/l term debts) with a downward trend if compared to the
preceding year (-23,1%).
Moderate recourse to bank credit while the exposure towards suppliers is
rather high but lined up with the field's average.
The available funds are good.
Trade credits are collected slowly, average term is 112,71 days. within
the standard level of the average of the sector.
During financial year 2013 the cash flow amounted to Eur. 312.952
Labour cost expenses amount to Eur. 1.771.467 , representing 17,8% on
the total of production costs. , with a 18,96% incidence on turnover.
The incidence of the financial charges is of -0,86% on the sales amount.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
9.341.726 |
|
Profit (Loss) for the period |
42.524 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
12.678.744 |
|
Profit (Loss) for the period |
117.658 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
10.255.084 |
|
Profit (Loss) for the period |
100.970 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
12.678.441 |
|
Profit (Loss) for the period |
128.291 |
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
8.231.346 |
|
Profit (Loss) for the period |
-161.324 |
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 |
0,37 |
0,32 |
0,37 |
0,18 |
|
Elasticity Ratio |
Units |
0,63 |
0,68 |
0,63 |
0,80 |
|
Availability of stock |
Units |
0,12 |
0,09 |
0,13 |
0,24 |
|
Total Liquidity Ratio |
Units |
0,51 |
0,59 |
0,51 |
0,48 |
|
Quick Ratio |
Units |
0,18 |
0,21 |
0,19 |
0,03 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
0,24 |
0,34 |
0,32 |
3,25 |
|
Self Financing Ratio |
Units |
0,52 |
0,46 |
0,50 |
0,19 |
|
Capital protection Ratio |
Units |
0,85 |
0,83 |
0,83 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,53 |
0,44 |
0,40 |
0,19 |
|
Financing |
Units |
0,74 |
0,97 |
0,82 |
3,80 |
|
Permanent Indebtedness Ratio |
Units |
0,68 |
0,62 |
0,64 |
0,36 |
|
M/L term Debts Ratio |
Units |
0,16 |
0,16 |
0,14 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,63 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,84 |
1,96 |
1,74 |
1,75 |
|
Current ratio |
Units |
2,03 |
1,87 |
1,82 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,64 |
1,63 |
1,45 |
0,81 |
|
Structure's primary quotient |
Units |
1,40 |
1,46 |
1,35 |
1,03 |
|
Treasury's primary quotient |
Units |
0,59 |
0,57 |
0,54 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
192,69 |
215,62 |
201,10 |
516,42 |
|
Current Capital ( net ) |
Value |
3.288.680 |
3.629.677 |
2.982.022 |
422.465 |
|
RETURN |
|||||
|
Return on Sales |
% |
3,35 |
3,12 |
3,66 |
3,35 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
0,79 |
2,21 |
1,94 |
5,13 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
2,50 |
4,50 |
4,79 |
14,77 |
|
Return on Investment ( R.O.I. ) |
% |
1,71 |
-0,69 |
2,01 |
4,16 |
|
Return/ Sales |
% |
1,89 |
-0,63 |
2,06 |
4,11 |
|
Extra Management revenues/charges incid. |
% |
24,02 |
n.c. |
47,78 |
28,57 |
|
Cash Flow |
Value |
312.952 |
395.585 |
375.764 |
122.482 |
|
Operating Profit |
Value |
177.020 |
-79.846 |
211.323 |
144.752 |
|
Gross Operating Margin |
Value |
447.448 |
198.081 |
486.117 |
241.990 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
112,71 |
112,87 |
103,06 |
111,85 |
|
Debts to suppliers average term |
Days |
115,17 |
122,72 |
118,98 |
128,30 |
|
Average stock waiting period |
Days |
47,13 |
27,80 |
46,60 |
80,43 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,90 |
1,10 |
0,98 |
1,08 |
|
Rate of stock return |
Units |
7,64 |
12,95 |
7,73 |
4,45 |
|
Labour cost incidence |
% |
18,96 |
14,77 |
17,06 |
19,12 |
|
Net financial revenues/ charges incidence |
% |
-0,86 |
1,46 |
-0,09 |
-1,08 |
|
Labour cost on purchasing expenses |
% |
17,80 |
14,29 |
16,33 |
19,02 |
|
Short-term financing charges |
% |
2,48 |
2,05 |
0,93 |
2,68 |
|
Capital on hand |
% |
110,91 |
90,72 |
102,30 |
91,91 |
|
Sales pro employee |
Value |
169.849 |
218.599 |
320.471 |
198.432 |
|
Labour cost pro employee |
Value |
32.208 |
32.297 |
54.687 |
35.779 |
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 1.206 significant companies.
The companies cash their credits on an average of 112 dd.
The average duration of suppliers debts is about 128 dd.
The sector's profitability is on an average of 3,35%.
The labour cost affects the turnover in the measure of 19,12%.
Goods are held in stock in a range of 80 dd.
The difference between the sales volume and the resources used to
realize it is about 1,08.
The employees costs represent the 19,02% 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 4.597.
The insolvency index for the region is 0,55, , while for the province it
is 0,55.
Total Bankrupt companies in the province : 3.052.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.40 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.68.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
VNT |
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.