|
Report No. : |
354289 |
|
Report Date : |
17.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
FRIMONT S.P.A. |
|
|
|
|
Registered Office : |
Via Lainate, 31, 20010 -
Pogliano Milanese (MI) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.08.2014 |
|
|
|
|
Date of Incorporation : |
06.12.1989 |
|
|
|
|
Legal Form : |
Joint Stock Company With Sole Shareholder |
|
|
|
|
Line of Business : |
·
Manufacture of meters electricity, gas, water and
other liquids, analytical precision balance, apparatus for measuring and
regulating (including separate parts and accessories) ·
Manufacture of non-domestic cooling and
ventilation equipment |
|
|
|
|
No. of Employees : |
From 176 to 200 |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Merged Company |
|
Payment Behaviour : |
-- |
|
Litigation : |
-- |
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 |
FRIMONT S.P.A.
Via Lainate, 31
20010 - Pogliano Milanese (MI) -IT-
|
Fiscal Code |
: |
08389360150 |
|
Legal Form |
: |
Joint stock company with sole shareholder |
|
start of Activities |
: |
06/12/1989 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
50.000.000/75.000.000 |
|
Number of Employees |
: |
from 176 to 200 |
|
Firm's Status |
: |
Merged |
Manufacture of meters electricity, gas, water and other liquids, analytical
precision balance, apparatus for measuring and regulating (including separate
parts and accessories)
Manufacture of non-domestic cooling and ventilation equipment
Legal Form : Joint stock company with sole shareholder
|
Fiscal Code : 08389360150 |
|
Foreign Trade Reg. no. : MI042081 since 16/12/1991 |
|
Foreign Trade Reg. no. : 042081 of Milano since 16/12/1991 |
|
Foreign Trade Reg. no. : 9723016 of Milano since 02/04/1990 |
|
Chamber of Commerce no. : 1326257 of Milano since 31/01/1990 |
|
Firms' Register : MI146-299985 of Milano since 19/02/1996 |
|
V.A.T. Code : 09901390154 |
|
Tribunal Co. Register : 299985 of since 24/01/1990 |
|
Foundation date |
: 19/06/1986 |
|
|
Establishment date |
: 19/06/1986 |
|
|
Start of Activities |
: 06/12/1989 |
|
|
Legal duration |
: 31/12/2040 |
|
|
Nominal Capital |
: 8.263.360 |
|
|
Subscribed Capital |
: 8.263.360 |
|
|
Paid up Capital |
: 8.263.360 |
|
Legal mail : |
FRIMONT@POSTECERT.IT |
|
|
Ceriani |
Renzo |
|
|
Born in Nerviano |
(MI) |
on 12/12/1952 |
- Fiscal Code : CRNRNZ52T12F874X |
|
|
Residence: |
Lainate |
, 31 |
- 20010 |
Pogliano Milanese |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
18/05/2010 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Castelnovo |
Antonio |
|
|
Born in Cogliate |
(MB) |
on 07/07/1954 |
- Fiscal Code : CSTNTN54L07C820J |
|
|
Residence: |
Lainate |
, 31 |
- 20010 |
Pogliano Milanese |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
23/02/2015 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Cereda |
Marco |
|
|
Born in Castellanza |
(VA) |
on 20/11/1966 |
- Fiscal Code : CRDMRC66S20C139J |
|
|
Residence: |
Lainate |
, 31 |
- 20010 |
Pogliano Milanese |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
18/05/2010 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Rallo |
Vincenzo |
|
|
Born in Rimini |
(FO) |
on 03/12/1962 |
- Fiscal Code : RLLVCN62T03H294A |
|
|
Residence: |
Lainate |
, 31 |
- 20010 |
Pogliano Milanese |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
03/12/2014 |
|
|
Giussani |
Antonio Massimo |
|
|
Born in Cernusco sul Naviglio |
(MI) |
on 06/06/1968 |
- Fiscal Code : GSSNNM68H06C523N |
|
|
Residence: |
Lainate |
, 31 |
- 20010 |
Pogliano Milanese |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
03/12/2014 |
||
|
Director |
03/12/2014 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Scotsman Ice S.r.l. |
|
|
Residence: |
Lainate |
, 31 |
- 20010 |
Pogliano Milanese |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
15/05/2009 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Garbin |
Fabio |
|
|
Born in Legnano |
(MI) |
on 12/07/1964 |
- Fiscal Code : GRBFBA64L12E514P |
|
|
Residence: |
Lainate |
, 31 |
- 20010 |
Pogliano Milanese |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
11/12/2014 |
||
|
Director |
03/12/2014 |
|
|
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.
|
|
Giussani |
Antonio Massimo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Castel Mac S.p.a. |
Castelfranco Veneto (TV) - IT - |
07892570156 |
Director |
Active |
Registered |
|
F.i.m.i. Fabbrica Italiana Manufatti Inossidabili S.r.l. |
Milano (MI) - IT - |
00802380154 |
Director |
Withdrawn |
Ceased |
|
Ali S.p.a. |
Milano (MI) - IT - |
00872030150 |
Procurator |
Active |
Merged |
|
Mbc Italy S.p.a.- In Liquidazione |
Bergamo (BG) - IT - |
04574571008 |
Assistant board
Chairman |
Withdrawn |
Bankrupt |
|
Rancilio Group S.p.a. |
Parabiago (MI) - IT - |
09784580152 |
Director |
Active |
Registered |
|
General Digital Disk S.p.a. E In Forma Abbreviata G.d.d. S.p.a. |
Pioltello (MI) - IT - |
12387040152 |
Managing
Director |
- |
In liquidation |
|
General Digital Disk S.p.a. E In Forma Abbreviata G.d.d. S.p.a. |
Pioltello (MI) - IT - |
12387040152 |
Director |
- |
In liquidation |
|
General Digital Disk S.p.a. E In Forma Abbreviata G.d.d. S.p.a. |
Pioltello (MI) - IT - |
12387040152 |
Board Chairman |
- |
In liquidation |
|
S.e.p.a. S.r.l. |
Milano (MI) - IT - |
13266410151 |
Sole Director |
Withdrawn |
Ceased |
|
C.e.d. S.r.l. - In Liquidazione |
Laveno-Mombello (VA) - IT - |
02392190126 |
Liquidator |
Active |
Registered |
|
Scotsman Ice S.r.l. |
Pogliano Milanese (MI) - IT - |
06586370964 |
Director |
Active |
Registered |
|
Scotsman Ice S.r.l. |
Pogliano Milanese (MI) - IT - |
06586370964 |
Board Chairman |
Active |
Registered |
|
|
Garbin |
Fabio |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Scotsman Ice S.r.l. |
Pogliano Milanese (MI) - IT - |
06586370964 |
Managing
Director |
Active |
Registered |
|
Scotsman Ice S.r.l. |
Pogliano Milanese (MI) - IT - |
06586370964 |
Director |
Active |
Registered |
|
|
Scotsman Ice S.r.l. |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Castel Mac S.p.a. |
Castelfranco Veneto (TV) - IT - |
07892570156 |
Sole 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.
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Scotsman Ice S.r.l. |
Pogliano Milanese - IT - |
06586370964 |
100,00 |
|
- |
Legal and operative seat |
since 06/12/1989 |
|
Lainate |
, 31 |
- 20010 |
- Pogliano Milanese |
(MI) |
- IT - |
|
PHONE |
: 0293960205 |
|
Legal mail |
: FRIMONT@POSTECERT.IT |
|
- |
Secondary office |
since 13/10/2010 |
|
Warehouse N. 1k-10/1 P.o.box |
, 4 |
- Sharjah |
- IT - |
|
- |
Branch |
since 27/03/1990 |
|
Lainate |
, 31 |
- 20010 |
- Pogliano Milanese |
(MI) |
- IT - |
|
PHONE |
: 0293960205 |
|
- |
Branch |
(Store) |
since 01/04/2001 |
|
Europa |
, 37 |
- 20010 |
- Pogliano Milanese |
(MI) |
- IT - |
|
- |
Branch |
(Factory) |
since 27/03/1990 |
|
Giacomo Puccini |
, 22 |
- 20010 |
- Pogliano Milanese |
(MI) |
- IT - |
|
PHONE |
: 0293960208 |
|
- |
Branch |
(Operating branch) |
since 20/09/1993 |
|
Pascoli |
, 22 |
- 20010 |
- Pogliano Milanese |
(MI) |
- IT - |
|
Trading Style: SIMAG FABBRICATORI DI GHIACCIO |
|
Employees |
: 194 |
|
Fittings and Equipment for a value of 1.770.000 |
Eur |
|
Stocks for a value of 7.460.000 |
Eur |
The firm operates abroad as importer / exporter..
Export represents more than 50% of the global turnover.
Products abroad are placed by :
|
- importers |
Import comes generally from the following nations:
|
- Poland |
|
- Hungary |
|
- Bulgaria |
|
- Gabon |
|
- Cyprus |
|
- Somalia |
|
- Etiopia |
|
- Stati Uniti |
Export is mainly towards:
|
- Poland |
|
- Hungary |
|
- Bulgaria |
|
- Gabon |
|
- Cyprus |
|
- Somalia |
|
- Etiopia |
|
- Stati Uniti |
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Limited liability company |
Joint stock company |
20/07/1990 |
COMPANY STYLE
MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Frimont S.R.L |
20/07/1990 |
CEASINGS/INCORPORATIONS/MERGES:
|
|
The firm absorbed by merging of |
|
|
Date |
: |
27/03/1990 |
|
|
The firm absorved |
|
FRIMONT - S.P.A. |
|
|
, MILANO |
- IT - |
|
|
Date |
: |
27/03/1990 |
|
|
Project of merging into |
|
Scotsman Ice
S.r.l. |
|
|
Lainate |
, 31 |
, 20010 |
, Pogliano Milanese |
(MI) |
- IT - |
|
|
Fiscal Code: 06586370964 |
|
|
Date |
Merging/splitting-up project: |
20/05/2015 |
|
|
Firm dissolved owing to merging into |
|
|
Date |
: |
31/07/2015 |
|
|
Resolution of merging into |
|
Scotsman Ice
S.r.l. |
|
|
Lainate |
, 31 |
, 20010 |
, Pogliano Milanese |
(MI) |
- IT - |
|
|
Fiscal Code: 06586370964 |
|
|
Date |
: |
25/05/2015 |
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.
The company is active since 1989
Balance sheets for the years 2012, 2013 and 2014 were analyzed.
During the last years, it recorded positive net results (r.o.e. 22,72%
in 2014) with an increase in 2014 (+7,29%).
The operating result was positive in the last financial year (18,39%)
and in line with the sector's average.
An operating result of Eur. 6.455.108 has been registered. rising (+20,99%)
in relation to the previous year.
The economic management produced a gross operating margin of Eur.
7.627.159 with no sensible increase as against 2013.
Very good financial situation: shareholder's equity covers short-terms
debts with an indebtedness level equal to 0,53 lower than in 2013.
The equity capital is equal to Eur. 20.288.960 on stable levels.
Eur. 10.884.623 is the amount of total debts, both commercial and of
different nature, , a more or less stable value.
Bank and suppliers credit recourse is limited, 71,6 gg. is payment
average period which is also lower than the sector average.
Payments are supported by good current assets.
On average trade credits are collected in 74,15 days. , shorter than the
sector's average.
During financial year 2014 the cash flow amounted to Eur. 5.409.735
During 2014 financial year labour costs amounted to Eur. 12.096.964,
with a 25,49% incidence on production costs. , with a 22,87% incidence on
turnover.
Financial incomes cover financial charges.
The presence of detrimental items, apart from the financial-economic
analysis, makes the company not suitable for business transactions on credit
basis.
|
|
Complete balance-sheet for the year |
al 31/08/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
52.885.910 |
|
Profit (Loss) for the period |
4.609.820 |
|
|
Complete balance-sheet for the year |
al 31/08/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
49.289.561 |
|
Profit (Loss) for the period |
4.245.260 |
|
|
Complete balance-sheet for the year |
al 30/09/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
52.384.026 |
|
Profit (Loss) for the period |
3.305.160 |
|
|
Complete balance-sheet for the year |
al 30/09/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
52.251.170 |
|
Profit (Loss) for the period |
3.484.291 |
|
|
Complete balance-sheet for the year |
al 30/09/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
48.394.162 |
|
Profit (Loss) for the period |
3.236.319 |
From our constant monitoring of the relevant Public Administration
offices, no more recent balance sheets result to have been filed.
|
- Balance Sheet as at 31/08/2014 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet as at 31/08/2013 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet as at 30/09/2012 - 12 Mesi - Currency: - Amounts x 1 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
RATIOS |
Value Type |
as at 31/08/2014 |
as at 31/08/2013 |
as at 30/09/2012 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|||||
|
Rigidity Ratio |
Units |
0,14 |
0,16 |
0,17 |
0,18 |
|
Elasticity Ratio |
Units |
0,86 |
0,84 |
0,83 |
0,79 |
|
Availability of stock |
Units |
0,21 |
0,21 |
0,24 |
0,21 |
|
Total Liquidity Ratio |
Units |
0,64 |
0,63 |
0,59 |
0,52 |
|
Quick Ratio |
Units |
0,00 |
0,00 |
0,11 |
0,03 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
0,53 |
0,59 |
0,41 |
3,01 |
|
Self Financing Ratio |
Units |
0,58 |
0,54 |
0,54 |
0,19 |
|
Capital protection Ratio |
Units |
0,37 |
0,29 |
0,31 |
0,66 |
|
Liabilities consolidation quotient |
Units |
0,26 |
0,29 |
0,29 |
0,16 |
|
Financing |
Units |
0,54 |
0,60 |
0,62 |
3,56 |
|
Permanent Indebtedness Ratio |
Units |
0,66 |
0,64 |
0,63 |
0,34 |
|
M/L term Debts Ratio |
Units |
0,08 |
0,09 |
0,10 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,69 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
4,64 |
4,04 |
3,76 |
1,65 |
|
Current ratio |
Units |
2,76 |
2,57 |
2,48 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
2,07 |
1,94 |
1,77 |
0,86 |
|
Structure's primary quotient |
Units |
4,08 |
3,45 |
3,19 |
1,02 |
|
Treasury's primary quotient |
Units |
0,01 |
0,01 |
0,33 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
173,00 |
183,62 |
185,86 |
509,92 |
|
Current Capital ( net ) |
Value |
19.126.430 |
16.645.873 |
15.326.946 |
330.495 |
|
RETURN |
|||||
|
Return on Sales |
% |
10,23 |
10,37 |
7,97 |
3,79 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
22,72 |
24,01 |
19,75 |
6,70 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
33,99 |
33,74 |
32,85 |
18,82 |
|
Return on Investment ( R.O.I. ) |
% |
18,39 |
16,43 |
19,57 |
4,89 |
|
Return/ Sales |
% |
12,21 |
10,82 |
11,62 |
4,78 |
|
Extra Management revenues/charges incid. |
% |
71,41 |
79,57 |
54,30 |
29,96 |
|
Cash Flow |
Value |
5.409.735 |
5.110.327 |
4.174.828 |
165.166 |
|
Operating Profit |
Value |
6.455.108 |
5.334.917 |
6.087.157 |
225.594 |
|
Gross Operating Margin |
Value |
7.627.159 |
6.756.093 |
7.600.487 |
376.080 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
74,15 |
75,11 |
77,82 |
111,07 |
|
Debts to suppliers average term |
Days |
71,60 |
72,21 |
80,73 |
127,44 |
|
Average stock waiting period |
Days |
50,80 |
49,08 |
50,80 |
62,88 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,51 |
1,52 |
1,68 |
1,10 |
|
Rate of stock return |
Units |
7,09 |
7,34 |
7,09 |
5,58 |
|
Labour cost incidence |
% |
22,87 |
21,91 |
22,25 |
18,94 |
|
Net financial revenues/ charges incidence |
% |
0,52 |
0,08 |
0,86 |
-1,15 |
|
Labour cost on purchasing expenses |
% |
25,49 |
24,05 |
24,33 |
18,99 |
|
Short-term financing charges |
% |
0,11 |
2,63 |
1,06 |
2,55 |
|
Capital on hand |
% |
66,37 |
65,86 |
59,37 |
90,89 |
|
Sales pro employee |
Value |
139.909 |
146.259 |
143.912 |
199.007 |
|
Labour cost pro employee |
Value |
32.002 |
32.046 |
32.014 |
34.820 |
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 |
: |
3.839.216 |
|
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 1.964 significant companies.
The companies cash their credits on an average of 111 dd.
The average duration of suppliers debts is about 127 dd.
The sector's profitability is on an average of 3,79%.
The labour cost affects the turnover in the measure of 18,94%.
Goods are held in stock in a range of 63 dd.
The difference between the sales volume and the resources used to
realize it is about 1,10.
The employees costs represent the 18,99% of the production costs.
Statistically 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.66.85 |
|
|
1 |
Rs.100.57 |
|
Euro |
1 |
Rs.73.15 |
|
ITL |
1 |
Rs.72.30 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
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.