|
Report No. : |
354021 |
|
Report Date : |
17.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
CERAMICA FONDOVALLE SPA |
|
|
|
|
Registered Office : |
Via Rio Piodo, 12 Torre Maina, 41053 – Maranello
(Mo) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
24.03.1961 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
·
Manufacture of clay building materials ·
Manufacture of ceramic tiles for flooring and coverings |
|
|
|
|
No. of Employee : |
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 : |
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 – 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 |
CERAMICA
FONDOVALLE SPA
VIA RIO PIODO, 12 TORRE MAINA,
41053 – MARANELLO
(MO) -IT-
|
Fiscal
Code |
: |
00183500362 |
|
Legal
Form |
: |
Joint
stock company |
|
Establishment
Date |
: |
24/03/1961 |
|
Equity |
: |
Over
2.582.254 |
|
Turnover
Range |
: |
20.000.000/25.000.000 |
|
Number
of Employees |
: |
from
71 to 90 |
Manufacture
of clay building materials
Manufacture
of ceramic tiles for flooring and coverings
Legal
Form : Joint stock company
|
Fiscal
Code : 00183500362 |
|
Foreign
Trade Reg. no. : MO025062 since 15/04/1996 |
|
Foreign
Trade Reg. no. : 025062 of Modena since 15/04/1996 |
|
Chamber
of Commerce no. : 98281 of Modena since 22/04/1961 |
|
Chamber
of Commerce no. : 193909 of Ravenna |
|
Firms'
Register : 3834 of Modena |
|
Firms'
Register : MO023-3834 of Modena since 19/02/1996 |
|
V.A.T.
Code : 00183500362 |
|
Establishment
date |
:
24/03/1961 |
|
|
Legal
duration |
:
31/12/2040 |
|
|
Nominal
Capital |
:
12.650.300 |
|
|
Subscribed
Capital |
:
12.650.300 |
|
|
Paid
up Capital |
:
12.650.300 |
|
Legal
mail : |
POSTA.FONDOVALLE@ARUBAPEC.IT |
|
Rivizzigno |
Cosimo |
|
Born
in Forli' |
(FO) |
on
08/06/1977 |
-
Fiscal Code : RVZCSM77H08D704L |
|
Residence: |
Armando
Diaz |
,
88 |
-
47121 |
Forli' |
(FO) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
28/03/2015 |
|
Effebi
S.r.l. |
|
Residence: |
Del
Pretorio |
,
34 |
-
41049 |
Sassuolo |
(MO) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Partner |
|
No
Prejudicial events are reported |
|
No
Protests registered |
|
Baraldi |
Maurizio |
|
Born
in Cavezzo |
(MO) |
on
22/02/1947 |
-
Fiscal Code : BRLMRZ47B22C398W |
|
Residence: |
1403
Avenue Rd. |
,
38 |
Toronto |
-
CA - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
28/03/2015 |
||
|
Board
Chairman |
28/03/2015 |
|
No
Prejudicial events are reported |
|
No
Protests registered |
|
Cavoli |
Roberto |
|
Born
in Vignola |
(TN) |
on
28/10/1954 |
-
Fiscal Code : CVLRRT54R28L885P |
|
Residence: |
Fondovalle |
,
4235 |
-
41054 |
Marano
sul Panaro |
(MO) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
28/03/2015 |
|
Vecchi |
Lidia |
|
Born
in Formigine |
(MO) |
on
22/09/1949 |
-
Fiscal Code : VCCLDI49P62D711S |
|
Residence: |
Jeulean
Drive |
,
100 |
Ontario
Woodbridge |
-
CA - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
28/03/2015 |
|
Baraldi |
Luisa |
|
Born
in Modena |
(MO) |
on
26/06/1980 |
-
Fiscal Code : BRLLSU80H66F257X |
|
Residence: |
Verdi |
,
301 |
-
41028 |
Serramazzoni |
(MO) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
28/03/2015 |
*checkings
have been performed on a national scale.
In
this module are listed the companies in which members hold or have holded
positions.
|
Baraldi |
Maurizio |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
META
- S.R.L. |
Sassuolo
(MO) - IT - |
01678190362 |
Vice-Chairman |
Withdrawn |
Registered |
|
"artkeramik
Srl" |
Reggio
Emilia (RE) - IT - |
00307240358 |
Director |
Withdrawn |
Registered |
|
Otto
Immobiliare S.r.l. |
Sassuolo
(MO) - IT - |
02263160364 |
Director |
Active |
Registered |
|
Otto
Immobiliare S.r.l. |
Sassuolo
(MO) - IT - |
02263160364 |
Assistant
board Chairman |
Active |
Registered |
|
Effebi
S.r.l. |
Sassuolo
(MO) - IT - |
02677470367 |
Director |
Active |
Registered |
|
Effebi
S.r.l. |
Sassuolo
(MO) - IT - |
02677470367 |
Board
Chairman |
Active |
Registered |
|
F.A.P.
FINANZIARIA - S.P.A. |
Sassuolo
(MO) - IT - |
00178920369 |
Chairman |
Withdrawn |
Registered |
|
ELLEVIBI
S.R.L. |
Sassuolo
(MO) - IT - |
01543620361 |
Liquidator |
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.
Shareholders'
list as at date of data collection:
|
Firm's
Style / Name |
Seat
/ Residence |
Fiscal
Code |
Owned
Shares |
%
Ownership |
|
Escavazioni
Industriali Baroni S.p.a. Ab breviabile In: E.i.b. S.p.a. |
Sassuolo
- IT - |
01280020361 |
1.387.198
.Eur |
10,96 |
|
Pollini
Benedetta |
Castellarano
- IT - |
PLLBDT44B54C141A |
344.200
.Eur |
2,72 |
|
Effebi
S.r.l. |
Sassuolo
- IT - |
02677470367 |
10.137.443
.Eur |
80,12 |
|
Cavoli
Roberto |
Marano
sul Panaro - IT - |
CVLRRT54R28L885P |
300.000
.Eur |
2,37 |
|
PASQUINI
MAURIZIO |
Marano
sul Panaro - IT - |
PSQMRZ36B25F257C |
384
.Eur |
|
|
GARAGNANI
ADRIANO |
Marano
sul Panaro - IT - |
GRGDRN13T19I473L |
686
.Eur |
|
|
MINGUZZI
DONATA |
Marano
sul Panaro - IT - |
MNGDNT48S57F257P |
54
.Eur |
|
|
MENZANI
MAURO |
Marano
sul Panaro - IT - |
MNZMRA64C20E905J |
299.999
.Eur |
2,37 |
|
MINGUZZI
FABIO |
Marano
sul Panaro - IT - |
MNGFBA50M29L885A |
54
.Eur |
|
|
CENTRO
EDILE *MEC EDIL - S.R.L. |
Sassuolo
(MO) - IT - |
00823900360 |
2.749
.Eur |
0,02 |
|
ROSI
BRUNA |
Sassuolo
(MO) - IT - |
RSOBRN23D57L885R |
403
.Eur |
|
|
NIZZI
GIOVANNI |
Sassuolo
(MO) - IT - |
NZZGNN08B11D617X |
164
.Eur |
|
|
ROSI
GIOVANNA |
Sassuolo
(MO) - IT - |
RSOGNN26B67L885F |
403
.Eur |
|
|
Eredi
Garagnani Gian Carlo |
RDGGCR15R04I473D |
686
.Eur |
||
|
Forni
Maria Celsa |
FRNMCL54M46E905O |
345
.Eur |
||
|
Giannotti
Ennio |
GNNNNE15M14L500N |
3.422
.Eur |
0,02 |
|
|
Baroni
Anna |
BRNNNA38P65H061R |
57.366
.Eur |
0,45 |
|
|
Baroni
Oriele |
BRNRLO44R49D607X |
57.366
.Eur |
0,45 |
|
|
Baroni
Pietro |
BRNPTR40L07D607S |
57.366
.Eur |
0,45 |
The
Company under review has participations in the following Companies:
|
Firm's
Style |
Seat |
Fiscal
Code |
Owned
Shares Amount |
%
Ownership |
since |
until |
Share
Status |
|
Incremento
Attivita' Per Il Tempo Libero S.p.a. Abbreviabile In : *i.a.t.li. - S |
Formigine
- IT - |
00370380362 |
728
.Eur |
0,12 |
Active |
||
|
Worldker
S.p.a. |
Fiorano
Modenese - IT - |
02721750368 |
761.250
.Eur |
72,50 |
Active |
||
|
Castello
Immobiliare S.r.l. O In Breve C Astello S.r.l. |
Roma
- IT - |
00131630535 |
12
.Eur |
0,12 |
Active |
||
|
Gas
Intensive Soc. Consortile A Responsa bilita' Limitata |
Milano
- IT - |
03305420964 |
1.000
.Eur |
0,36 |
Active |
||
|
Energia
E Industria Societa' Consortile A Responsabilita' Limitata |
Modena
- IT - |
03365380363 |
1.500
.Eur |
5,55 |
Active |
In
order to carry out its activities the firm uses the following locations:
|
- |
Legal
and operative seat |
|
Rio
Piodo |
,
12 |
-
41053 |
-
Maranello |
(MO) |
-
IT - |
|
Legal
mail |
:
POSTA.FONDOVALLE@ARUBAPEC.IT |
|
- |
Branch |
(Warehouse) |
since
02/01/2004 |
|
Giardini |
,
90 |
-
41042 |
-
Fiorano Modenese |
(MO) |
-
IT - |
|
- |
Branch |
(Factory) |
since
22/11/2004 |
|
Fondovalle |
,
5049 |
-
41054 |
-
Marano sul Panaro |
(MO) |
-
IT - |
|
Employees |
:
83 |
|
Fittings
and Equipment for a value of 7.340.000 |
Eur |
|
Stocks
for a value of 13.070.000 |
Eur |
CHANGES
TO THE LEGAL FORM:
|
Former
legal form |
New
legal form |
Changement
Date |
|
Joint
stock company |
Limited
liability company |
18/11/1988 |
|
Limited
liability company |
Joint
stock company |
26/06/1995 |
CEASINGS/INCORPORATIONS/MERGES:
|
Project
of merging by taking over of |
|
"artkeramik
Srl" |
|
San
Martino |
,
23 |
,
42100 |
,
Reggio Emilia |
(RE) |
-
IT - |
|
Fiscal
Code: 00307240358 |
|
Date |
Merging/splitting-up
project: |
08/09/2008 |
|
The
firm absorbed by merging of |
|
"artkeramik
Srl" |
|
San
Martino |
,
23 |
,
42100 |
,
Reggio Emilia |
(RE) |
-
IT - |
|
Fiscal
Code: 00307240358 |
|
Date |
: |
07/05/2009 |
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.
Subject is active since 1961
The economic-financial analysis has been made
on the base of the b/s of the latests three years.
Under the financial profile unstable results
are noted. yet with a positive result in the 2014 (r.o.e. 1,16%).
The return on Investment in the last
financial year was positive (1,77%) and in line with the sector's average.
The operating result is positive and amounts
to Eur. 957.311 rising (+more then 100%) in relation to the previous year.
A gross operating margine for a value of Eur.
4.226.231 was reached. with a more then 100% increase as opposed to the
preceding year.
Very good financial situation: shareholder's
equity covers short-terms debts with an indebtedness level equal to 0,61 and
with an upward trend compared to the previous year.
The management generated equity capital for
an amount of Eur. 23.420.384 , unchanged if compared to 2013.
In the year 2014 total debts amounted to Eur.
28.940.118 on the same levels as the year before.
The recourse to financial credit is within
the limits; on the other hand the recourse to suppliers' credit is rated as
fairly high and higher than sector's average.
Liquidity is however good.
Accounts receivable average term is high
(104,54 days). within the standard level of the average of the sector.
As far as the cash flow is concerned during
the latest financial year it amounted to Eur. 3.541.302
Labour cost amounts to Eur. 4.460.745, with a
21,2% incidence on production costs. , whereas the incidence on sales revenues
is of 20,32%.
Financial charges have a high incidence
(-3,92%) on turnover figures.
|
Complete
balance-sheet for the year |
al
31/12/2014 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
21.955.082 |
|
Profit
(Loss) for the period |
272.382 |
|
Complete
balance-sheet for the year |
al
31/12/2013 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
21.449.849 |
|
Profit
(Loss) for the period |
-3.361.750 |
|
Complete
balance-sheet for the year |
al
31/12/2012 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
19.886.235 |
|
Profit
(Loss) for the period |
18.549 |
|
Complete
balance-sheet for the year |
al
31/12/2011 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
19.124.199 |
|
Profit
(Loss) for the period |
44.978 |
|
Complete
balance-sheet for the year |
al
31/12/2010 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
17.316.720 |
|
Profit
(Loss) for the period |
81.578 |
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 |
0,59 |
0,54 |
0,53 |
0,43 |
|
Elasticity
Ratio |
Units |
0,39 |
0,45 |
0,46 |
0,55 |
|
Availability
of stock |
Units |
0,24 |
0,28 |
0,28 |
0,19 |
|
Total
Liquidity Ratio |
Units |
0,15 |
0,17 |
0,18 |
0,33 |
|
Quick
Ratio |
Units |
0,01 |
0,00 |
0,00 |
0,01 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net
Short-term indebtedness |
Units |
0,61 |
0,65 |
0,62 |
1,30 |
|
Self
Financing Ratio |
Units |
0,43 |
0,43 |
0,45 |
0,31 |
|
Capital
protection Ratio |
Units |
0,45 |
0,60 |
0,55 |
0,84 |
|
Liabilities
consolidation quotient |
Units |
1,04 |
1,01 |
0,99 |
0,30 |
|
Financing |
Units |
1,24 |
1,27 |
1,20 |
2,07 |
|
Permanent
Indebtedness Ratio |
Units |
0,72 |
0,72 |
0,72 |
0,54 |
|
M/L
term Debts Ratio |
Units |
0,28 |
0,29 |
0,27 |
0,11 |
|
Net
Financial Indebtedness Ratio |
Units |
0,76 |
0,80 |
0,80 |
0,74 |
|
CORRELATION |
|||||
|
Fixed
assets ratio |
Units |
1,20 |
1,33 |
1,36 |
1,16 |
|
Current
ratio |
Units |
1,45 |
1,59 |
1,65 |
1,17 |
|
Acid
Test Ratio-Liquidity Ratio |
Units |
0,56 |
0,62 |
0,63 |
0,74 |
|
Structure's
primary quotient |
Units |
0,73 |
0,80 |
0,84 |
0,78 |
|
Treasury's
primary quotient |
Units |
0,03 |
0,00 |
0,00 |
0,01 |
|
Rate
of indebtedness ( Leverage ) |
% |
231,41 |
232,07 |
224,14 |
320,24 |
|
Current
Capital ( net ) |
Value |
6.670.501 |
8.978.638 |
10.313.810 |
489.751 |
|
RETURN |
|||||
|
Return
on Sales |
% |
16,13 |
-3,88 |
11,67 |
2,85 |
|
Return
on Equity - Net- ( R.O.E. ) |
% |
1,16 |
-14,52 |
0,07 |
0,50 |
|
Return
on Equity - Gross - ( R.O.E. ) |
% |
3,61 |
-16,70 |
0,78 |
2,05 |
|
Return
on Investment ( R.O.I. ) |
% |
1,77 |
-4,06 |
1,81 |
2,31 |
|
Return/
Sales |
% |
4,36 |
-10,16 |
5,18 |
3,07 |
|
Extra
Management revenues/charges incid. |
% |
28,45 |
n.c. |
1,80 |
10,71 |
|
Cash
Flow |
Value |
3.541.302 |
-831.764 |
2.321.014 |
160.408 |
|
Operating
Profit |
Value |
957.311 |
-2.179.041 |
1.031.071 |
79.446 |
|
Gross
Operating Margin |
Value |
4.226.231 |
350.945 |
3.333.536 |
520.518 |
|
MANAGEMENT |
|||||
|
Credits
to clients average term |
Days |
104,54 |
129,15 |
154,92 |
127,91 |
|
Debts
to suppliers average term |
Days |
259,77 |
201,26 |
201,63 |
129,07 |
|
Average
stock waiting period |
Days |
214,37 |
247,94 |
291,74 |
113,84 |
|
Rate
of capital employed return ( Turnover ) |
Units |
0,41 |
0,40 |
0,35 |
0,65 |
|
Rate
of stock return |
Units |
1,68 |
1,45 |
1,23 |
3,16 |
|
Labour
cost incidence |
% |
20,32 |
19,29 |
20,64 |
20,17 |
|
Net
financial revenues/ charges incidence |
% |
-3,92 |
-5,63 |
-5,41 |
-2,10 |
|
Labour
cost on purchasing expenses |
% |
21,20 |
17,33 |
19,29 |
19,31 |
|
Short-term
financing charges |
% |
2,98 |
4,30 |
3,57 |
3,13 |
|
Capital
on hand |
% |
246,85 |
250,44 |
285,84 |
152,96 |
|
Sales
pro employee |
Value |
157.950 |
166.277 |
155.361 |
191.110 |
|
Labour
cost pro employee |
Value |
32.091 |
32.073 |
32.063 |
33.292 |
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 |
: |
659.925 |
|
Population
living in the region |
: |
4.151.369 |
|
Number
of families in the region |
: |
1.748.359 |
Monthly
family expences average in the region (in Eur..) :
|
-
per food products |
: |
425 |
|
-
per non food products |
: |
2.063 |
|
-
per energy consume |
: |
143 |
The
values are calculated on a base of 366 significant companies.
The
companies cash their credits on an average of 128 dd.
The
average duration of suppliers debts is about 129 dd.
The
sector's profitability is on an average of 2,85%.
The
labour cost affects the turnover in the measure of 20,17%.
Goods
are held in stock in a range of 114 dd.
The
difference between the sales volume and the resources used to realize it is
about 0,65.
The
employees costs represent the 19,31% of the production costs.
Statistcally
the trade activity shows periods of crisis.
The
area is statistically considered lowly risky.
In
the region 18.860 protested subjects are found; in the province they count to
3.557.
The
insolvency index for the region is 0,46, , while for the province it is 0,55.
Total
Bankrupt companies in the province : 2.526.
Total
Bankrupt companies in the region : 14.698.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.85 |
|
|
1 |
Rs.100.58 |
|
Euro |
1 |
Rs.73.16 |
|
EUR |
1 |
Rs. 72.07 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
ASH |
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.