|
Report No. : |
334225 |
|
Report Date : |
03.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
MESDAN S.P.A. |
|
|
|
|
Registered Office : |
Via Masserino, 6 25080 – Puegnago (BS) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
24.03.1975 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture of textile machinery, machinery
and systems for auxiliary treatment of textiles, sewing and weaving machines
(including spare parts and accessories) |
|
|
|
|
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 Compliant |
|
|
|
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
|
MESDAN
S.P.A. |
|
Via |
Masserino, |
6
|
|
25080 |
-
Puegnago |
(BS) |
-IT- |
|
Fiscal
Code |
: |
00556520179 |
|
Legal
Form |
: |
Joint
stock company |
|
start
of Activities |
: |
24/03/1975 |
|
Equity |
: |
Over
2.582.254 |
|
Turnover
Range |
: |
20.000.000/25.000.000
|
|
Number
of Employees |
: |
from
71 to 90 |
Manufacture
of textile machinery, machinery and systems for auxiliary treatment of
textiles, sewing and weaving machines (including spare parts and accessories)
Legal
Form : Joint stock company
|
Fiscal
Code : 00556520179 |
|
Foreign
Trade Reg. no. : BS001534 since 04/12/1991 |
|
Foreign
Trade Reg. no. : 1534 of Brescia |
|
Chamber
of Commerce no. : 163745 of Biella |
|
Chamber
of Commerce no. : 204405 of Brescia since 23/05/1975 |
|
V.A.T.
Code : 00570270983 |
|
R.
E. C. no. : 3962 of Brescia since 17/09/1991 |
|
R.
E. C. no. : 8570 of Brescia since 17/09/1991 |
|
Tribunal
Co. Register : 11666 of |
|
Establishment
date |
:
24/03/1975 |
|
|
Start
of Activities |
:
24/03/1975 |
|
|
Legal
duration |
:
31/12/2030 |
|
|
Nominal
Capital |
:
2.786.400 |
|
|
Subscribed
Capital |
:
2.786.400 |
|
|
Paid
up Capital |
:
2.786.400 |
|
Legal
mail : |
MESDAN@REGISTERPEC.IT |
|
Zanca |
Renato |
|
Born
in Toscolano Maderno |
(BS) |
on
23/03/1946 |
-
Fiscal Code : ZNCRNT46C23L312U |
|
Residence: |
Panoramica |
,
82 |
-
25080 |
Manerba
del Garda |
(BS) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
06/05/2014 |
||
|
Procurator |
21/03/2013 |
|
No
Prejudicial events are reported |
|
No
Protests registered |
|
Cucchetto |
Lorenzo |
|
Born
in Treviso |
(TV) |
on
25/08/1952 |
-
Fiscal Code : CCCLNZ52M25L407X |
|
Residence: |
Udine |
,
105 |
-
33170 |
Pordenone |
(PN) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Board
Chairman |
06/05/2014 |
||
|
Director |
06/05/2014 |
||
|
Managing
Director |
06/05/2014 |
|
No
Prejudicial events are reported |
|
No
Protests registered |
|
Secchi |
Maurizio |
|
Born
in Bergamo |
(BG) |
on
06/07/1956 |
-
Fiscal Code : SCCMRZ56L06A794H |
|
Residence: |
Carpiane |
,
3/C |
-
24030 |
Mozzo |
(BG) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
06/05/2014 |
|
Miglioli |
Lorenzo |
|
Born
in Bologna |
(BO) |
on
04/05/1960 |
-
Fiscal Code : MGLLNZ60E04A944V |
|
Residence: |
Giusti |
,
3 |
-
20059 |
Vimercate |
(MI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
03/07/2013 |
|
No
Prejudicial events are reported |
|
No
Protests registered |
|
Messa
Duthion |
Daniela |
|
Born
in Brescia |
(BS) |
on
01/11/1969 |
-
Fiscal Code : MSSDNL69S41B157P |
|
Residence: |
Delle
Casette |
,
3 |
-
25077 |
Roe'
Volciano |
(BS) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
|
Director |
06/05/2014 |
|||
|
Managing
Director |
06/05/2014 |
|||
|
No
Prejudicial events are reported |
|
|||
|
No
Protests registered |
|
Messa |
Simona |
|
Born
in Brescia |
(BS) |
on
18/07/1972 |
-
Fiscal Code : MSSSMN72L58B157L |
|
Residence: |
Anime
Del Purgatorio |
,
14/A |
-
25087 |
Salo' |
(BS) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
21/03/2013 |
||
|
Attorney
with special power |
21/03/2013 |
|
No
Prejudicial events are reported |
|
No
Protests registered |
|
Ragnoli |
Fabrizio |
|
Born
in Roe' Volciano |
(BS) |
on
14/10/1959 |
-
Fiscal Code : RGNFRZ59R14H484P |
|
Residence: |
Rossini |
,
5 |
-
25077 |
Roe'
Volciano |
(BS) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
03/07/2013 |
|
No
Prejudicial events are reported |
|
No
Protests registered |
|
Md
Holding Srl |
|
: |
L.
Einaudi |
,
26 |
-
25121 |
Brescia |
(BS) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Partner |
|
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.
|
Cucchetto |
Lorenzo |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Eutron
S.p.a. |
Pradalunga
(BG) - IT - |
01805190160 |
Director |
Active |
Registered |
|
Eutron
S.p.a. |
Pradalunga
(BG) - IT - |
01805190160 |
Board
Chairman |
Active |
Registered |
|
Savio
Macchine Tessili S.p.a. |
Pordenone
(PN) - IT - |
01291010930 |
Director |
Withdrawn |
Registered |
|
Savio
Macchine Tessili S.p.a. |
Pordenone
(PN) - IT - |
01291010930 |
General
Director |
Withdrawn |
Registered |
|
Savio
Macchine Tessili S.p.a. |
Pordenone
(PN) - IT - |
01291010930 |
Managing
Director |
Withdrawn |
Registered |
|
Promatech
S.p.a. |
Colzate
(BG) - IT - |
02770010169 |
Director |
Withdrawn |
Merged |
|
Promatech
S.p.a. |
Colzate
(BG) - IT - |
02770010169 |
Attorney
with special power |
Withdrawn |
Merged |
|
Savio
Macchine Tessili Spa |
Pordenone
(PN) - IT - |
07477880962 |
Managing
Director |
Active |
Registered |
|
Savio
Macchine Tessili Spa |
Pordenone
(PN) - IT - |
07477880962 |
Director |
Active |
Registered |
|
Messa
Duthion |
Daniela |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Gavazzi
S.r.l. |
Urgnano
(BG) - IT - |
02033000163 |
Director |
Active |
Registered |
|
Gavazzi
S.r.l. |
Urgnano
(BG) - IT - |
02033000163 |
Board
Chairman |
Active |
Registered |
|
Md
Holding Srl |
Brescia
(BS) - IT - |
02588200986 |
Director |
Withdrawn |
Registered |
|
Md
Holding Srl |
Brescia
(BS) - IT - |
02588200986 |
Managing
Director |
Withdrawn |
Registered |
The
indication "REGISTERED" as Firm Status could refer to Firms in
Liquidation, Active, Inactive.
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 |
|
Md
Holding Srl |
Brescia
- IT - |
02588200986 |
2.292.030
.Eur |
82,25 |
|
Messa
Anna |
MSSNNA37A50C293V |
103
.Eur |
||
|
Anmess
S.r.l. |
02295470989 |
494.266
.Eur |
17,73 |
The
Company under review has participations in the following Companies:
|
Firm's
Style |
Seat |
Fiscal
Code |
Owned
Shares Amount |
%
Ownership |
since
|
until
|
Share
Status |
|
Gavazzi
S.r.l. |
Urgnano
- IT - |
02033000163 |
34.491
.Eur |
67,00 |
Active |
||
|
Consorzio
Bresciano Per La Ricerca Appli Cata E L'innovazione Tecnologica Nel Set |
Brescia
- IT - |
03067310171 |
2.600
.Eur |
0,29 |
Active |
||
|
Istituto
Superiore Di Formazione E Ricer ca 2000 Societa' Consortile Per Azioni, |
Brescia
- IT - |
03063890176 |
389
.Eur |
0,09 |
Ceased |
||
|
Consorzio
Ecor'it - Sistema Collettivo P er La Gestione Dei Raee D I Nuclei Domes |
Milano
- IT - |
05083280965 |
Active |
In
order to carry out its activities the firm uses the following locations:
|
- |
Legal
and operative seat |
|
Masserino |
,
6 |
-
25080 |
-
Puegnago |
(BS) |
-
IT - |
|
Legal
mail |
:
MESDAN@REGISTERPEC.IT |
|
- |
Branch |
(Store) |
since
09/11/2009 |
|
P.
Beretta |
,
20 |
-
25080 |
-
Puegnago |
(BS) |
-
IT - |
|
PHONE |
:
0365521000 |
|
Employees |
:
89 |
|
Fittings
and Equipment for a value of 1.690.000 |
Eur |
|
Stocks
for a value of 5.440.000 |
Eur |
|
Vehicles
for a value of 200.000 |
Eur |
The
firm operates abroad as exporter..
Export
represents from 20% to 50% of the global turnover.
Products
abroad are placed by :
|
-
its own agents |
|
-
its own foreign branches |
|
-
direct orders from foreign companies |
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 1975.
Balance
sheets for the years 2012, 2013 and 2014 were analyzed.
Under
an economic point of view, profits were registered during the last years with a
r.o.e. of 8,15% in 2014
The
operating result in 2014 was positive (8,57%) and in line with the sector's
average.
The
amount of the operating result for the year 2014 is of Eur. 3.926.817 showing a
downwards trend equal to -29,03% if compared to the value of the financial year
2013.
The
gross operating margin of the latest financial year is of Eur. 4.906.510 with a
-29,14% fall.
Very
good financial situation: shareholder's equity covers short-terms debts with an
indebtedness level equal to 0,09 improved in comparison with the year before
(0,1.).
Subject
can manage an equity capital funds for an amount of Eur. 39.877.121 , unchanged
as opposed to the preceding year.
Total
indebtedness was equal to Eur. 4.519.804 (Eur. 33.500 was the value of m/l term
debts) showing a stable trend as opposed to 2013 (Eur. 5.307.930).
The
company does not exceed in bank borrowings; the recourse to suppliers' credit
is also limited below the sector's average.
Payments
are supported by good current assets.
On
average trade credits are collected in 35,06 days. , a better value than the
sector's average.
The
financial management generated a cash flow of Eur. 4.217.104.
In
the last financial year labour cost was of Eur. 5.061.020, with a 26,58%
incidence on total costs of production. , whereas 22,03% is the incidence on
sales revenues.
No
incidence of financial charges as lower than the incomes.
|
Complete
balance-sheet for the year |
al
31/12/2014 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
22.971.011 |
|
Profit
(Loss) for the period |
3.248.970 |
|
Complete
balance-sheet for the year |
al
31/12/2013 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
24.721.661 |
|
Profit
(Loss) for the period |
5.195.684 |
|
Complete
balance-sheet for the year |
al
31/12/2012 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
23.989.143 |
|
Profit
(Loss) for the period |
4.474.167 |
|
Complete
balance-sheet for the year |
al
31/12/2011 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
38.992.812 |
|
Profit
(Loss) for the period |
8.289.341 |
|
Complete
balance-sheet for the year |
al
31/12/2010 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
30.421.004 |
|
Profit
(Loss) for the period |
5.853.035 |
From
our constant monitoring of the relevant Public Administration offices, no more
recent balance sheets result to have been filed.
|
-
Balance Sheet as at 31/12/2014 - 12 Mesi - Currency: - Amounts x 1 |
|
-
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
RATIOS |
Value Type |
as at 31/12/2014 |
as at 31/12/2013 |
as at 31/12/2012 |
Sector Average |
|
COMPOSITION
ON INVESTMENT |
|||||
|
Rigidity
Ratio |
Units |
0,18 |
0,17 |
0,22 |
0,18 |
|
Elasticity
Ratio |
Units |
0,82 |
0,83 |
0,78 |
0,80 |
|
Availability
of stock |
Units |
0,12 |
0,13 |
0,12 |
0,24 |
|
Total
Liquidity Ratio |
Units |
0,70 |
0,70 |
0,66 |
0,48 |
|
Quick
Ratio |
Units |
0,02 |
0,03 |
0,50 |
0,03 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net
Short-term indebtedness |
Units |
0,09 |
0,10 |
n.c. |
3,25 |
|
Self
Financing Ratio |
Units |
0,87 |
0,96 |
0,99 |
0,19 |
|
Capital
protection Ratio |
Units |
0,84 |
0,68 |
0,67 |
0,63 |
|
Liabilities
consolidation quotient |
Units |
0,23 |
0,19 |
0,29 |
0,19 |
|
Financing |
Units |
0,11 |
0,13 |
0,09 |
3,80 |
|
Permanent
Indebtedness Ratio |
Units |
0,89 |
0,99 |
1,02 |
0,36 |
|
M/L
term Debts Ratio |
Units |
0,02 |
0,02 |
0,03 |
0,11 |
|
Net
Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,63 |
|
CORRELATION |
|||||
|
Fixed
assets ratio |
Units |
4,91 |
5,75 |
4,62 |
1,75 |
|
Current
ratio |
Units |
8,35 |
6,73 |
8,31 |
1,21 |
|
Acid
Test Ratio-Liquidity Ratio |
Units |
7,14 |
5,68 |
7,02 |
0,81 |
|
Structure's
primary quotient |
Units |
4,78 |
5,62 |
4,49 |
1,03 |
|
Treasury's
primary quotient |
Units |
0,23 |
0,22 |
5,34 |
0,06 |
|
Rate
of indebtedness ( Leverage ) |
% |
114,94 |
103,70 |
100,93 |
516,42 |
|
Current
Capital ( net ) |
Value |
32.969.569 |
30.427.838 |
24.842.783 |
422.465 |
|
RETURN |
|||||
|
Return
on Sales |
% |
18,36 |
25,85 |
23,79 |
3,35 |
|
Return
on Equity - Net- ( R.O.E. ) |
% |
8,15 |
12,47 |
12,43 |
5,13 |
|
Return
on Equity - Gross - ( R.O.E. ) |
% |
11,42 |
17,85 |
17,12 |
14,77 |
|
Return
on Investment ( R.O.I. ) |
% |
8,57 |
12,80 |
13,92 |
4,16 |
|
Return/
Sales |
% |
17,09 |
22,38 |
21,07 |
4,11 |
|
Extra
Management revenues/charges incid. |
% |
82,74 |
93,90 |
88,50 |
28,57 |
|
Cash
Flow |
Value |
4.217.104 |
6.390.072 |
5.707.969 |
122.482 |
|
Operating
Profit |
Value |
3.926.817 |
5.533.219 |
5.055.563 |
144.752 |
|
Gross
Operating Margin |
Value |
4.906.510 |
6.924.471 |
6.289.365 |
241.990 |
|
MANAGEMENT |
|||||
|
Credits
to clients average term |
Days |
35,06 |
35,22 |
69,88 |
111,85 |
|
Debts
to suppliers average term |
Days |
78,10 |
99,28 |
48,38 |
128,30 |
|
Average
stock waiting period |
Days |
85,28 |
81,09 |
65,68 |
80,43 |
|
Rate
of capital employed return ( Turnover ) |
Units |
0,50 |
0,57 |
0,66 |
1,08 |
|
Rate
of stock return |
Units |
4,22 |
4,44 |
5,48 |
4,45 |
|
Labour
cost incidence |
% |
22,03 |
19,40 |
19,74 |
19,12 |
|
Net
financial revenues/ charges incidence |
% |
2,57 |
1,99 |
3,89 |
-1,08 |
|
Labour
cost on purchasing expenses |
% |
26,58 |
24,61 |
24,60 |
19,02 |
|
Short-term
financing charges |
% |
n.c. |
0,44 |
0,53 |
2,68 |
|
Capital
on hand |
% |
199,53 |
174,82 |
151,38 |
91,91 |
|
Sales
pro employee |
Value |
145.386 |
165.917 |
163.191 |
198.432 |
|
Labour
cost pro employee |
Value |
32.031 |
32.195 |
32.215 |
35.779 |
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 |
:
|
1.169.259 |
|
Population
living in the region |
:
|
9.393.092 |
|
Number
of families in the region |
:
|
3.858.736 |
Monthly
family expences average in the region (in Eur..) :
|
-
per food products |
:
|
460 |
|
-
per non food products |
:
|
2.090 |
|
-
per energy consume |
:
|
114 |
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.
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.64.01 |
|
UK Pound |
1 |
Rs.99.84 |
|
Euro |
1 |
Rs.51.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
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.