|
Report No. : |
355707 |
|
Report Date : |
21.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
MG2 -
S.R.L. |
|
|
|
|
Registered Office : |
Via Del Savena,18 Pian Di Macina, 40065 – Pianoro (BO) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
19.11.1997 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
·
Manufacture of
scales and vending machines (including seperate parts and accessories) ·
Manufacture
of automatic machines for dosing, wrapping and packaging (including seperate
parts and accessories) |
|
|
|
|
No. of Employee : |
From 251 to 500 |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 |
MG2 - S.R.L.
Via Del Savena, 18 PIAN DI MACINA,
40065 – Pianoro (BO) -IT-
|
Fiscal Code |
: |
01819491208 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
01/01/1998 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
20.000.000/25.000.000 |
|
Number of Employees |
: |
from 251 to 500 |
Manufacture
of scales and vending machines (including seperate parts and accessories)
Manufacture
of automatic machines for dosing, wrapping and packaging (including seperate
parts and accessories)
Legal Form : Limited liability
company
|
Fiscal Code : 01819491208 |
|
Foreign Trade Reg. no. : BO041666
since 15/04/1998 |
|
Foreign Trade Reg. no. : 041666 of
Bologna since 15/04/1998 |
|
Chamber of Commerce no. : 393530
of Bologna since 23/02/1998 |
|
Firms' Register : BO-1998-24867 of
Bologna since 11/03/1998 |
|
V.A.T. Code : 01819491208 |
|
Foundation date |
: 19/11/1997 |
|
|
Establishment date |
: 19/11/1997 |
|
|
Start of Activities |
: 01/01/1998 |
|
|
Legal duration |
: 31/12/2020 |
|
|
Nominal Capital |
: 312.000 |
|
|
Subscribed Capital |
: 312.000 |
|
|
Paid up Capital |
: 312.000 |
|
Legal mail : |
MG2POSTACERTIFICATA@LEGALMAIL.IT |
|
|
H.p.f. S.r.l. |
|
|
: |
Del Savena |
, 18 |
- 40065 |
Pianoro |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Gamberini |
Ernesto |
|
|
Born in Bologna |
(BO) |
on 06/09/1937 |
- Fiscal Code : GMBRST37P06A944L |
|
|
Residence: |
Valle Verde |
, 43/2 |
- 40067 |
Pianoro |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
19/11/1997 |
||
|
Board Chairman |
19/11/1997 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Sabbatini |
Luciana |
|
|
Born in Bologna |
(BO) |
on 19/11/1938 |
- Fiscal Code : SBBLCN38S59A944Z |
|
|
Residence: |
Valleverde |
, 43/2 |
- 40065 |
Pianoro |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
19/11/1997 |
||
|
Managing Director |
06/05/1998 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Gamberini |
Saverio |
|
|
Born in Bologna |
(BO) |
on 18/03/1966 |
- Fiscal Code : GMBSVR66C18A944W |
|
|
Residence: |
San Ruffillo |
, 12 |
- 40068 |
San Lazzaro di Savena |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
19/11/1997 |
|
|
Gamberini |
Manuela |
|
|
Born in Ozzano dell'Emilia |
(BO) |
on 17/06/1962 |
- Fiscal Code : GMBMNL62H57G205U |
|
|
Residence: |
F.lli Dall'olio |
, 11 |
- 40065 |
Pianoro |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
19/11/1997 |
|
|
Lolli |
Ivano |
|
|
Born in Pianoro |
(BO) |
on 28/05/1959 |
- Fiscal Code : LLLVNI59E28G570R |
|
|
Residence: |
F.lli Dall'olio |
, 11 |
- 40065 |
Pianoro |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
29/04/1999 |
||
|
Director |
29/01/2008 |
|
|
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.
|
|
Gamberini |
Ernesto |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
H.p.f. S.r.l. |
Pianoro (BO) - IT - |
00322060377 |
Director |
Active |
Registered |
|
H.p.f. S.r.l. |
Pianoro (BO) - IT - |
00322060377 |
Board Chairman |
Active |
Registered |
|
Secma - Sistemi Elettronici Di
ControlloPer Macchine Automatiche S.r.l. |
Pianoro (BO) - IT - |
03064620374 |
Partner |
Withdrawn |
Merged |
|
Infogea S.r.l. |
Pianoro (BO) - IT - |
03129330373 |
Sole Director |
Withdrawn |
Ceased |
|
Infogea S.r.l. |
Pianoro (BO) - IT - |
03129330373 |
Partner |
Withdrawn |
Ceased |
|
Infogea S.r.l. |
Pianoro (BO) - IT - |
03129330373 |
Liquidator |
Withdrawn |
Ceased |
|
Kiwa Cermet Italia S.p.a. |
Granarolo dell'Emilia (BO) - IT - |
03502820370 |
Director |
Withdrawn |
Registered |
|
Studio Di Meccanica Generale
Gamberini -Soc.a Responsabilita Limitata |
Pianoro (BO) - IT - |
00892140377 |
Director |
Withdrawn |
Ceased |
|
Studio Di Meccanica Generale
Gamberini -Soc.a Responsabilita Limitata |
Pianoro (BO) - IT - |
00892140377 |
Partner |
Withdrawn |
Ceased |
|
Proma-pack Srl |
Modena (MO) - IT - |
08001660151 |
Director |
Withdrawn |
Registered |
|
S.c. Italia S.r.l. |
Bologna (BO) - IT - |
04110270370 |
Liquidator |
Withdrawn |
Ceased |
|
|
Sabbatini |
Luciana |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
H.p.f. S.r.l. |
Pianoro (BO) - IT - |
00322060377 |
Director |
Active |
Registered |
|
H.p.f. S.r.l. |
Pianoro (BO) - IT - |
00322060377 |
Managing Director |
Active |
Registered |
|
Infogea S.r.l. |
Pianoro (BO) - IT - |
03129330373 |
Partner |
Withdrawn |
Ceased |
|
Studio Di Meccanica Generale
Gamberini -Soc.a Responsabilita Limitata |
Pianoro (BO) - IT - |
00892140377 |
Director |
Withdrawn |
Ceased |
|
Studio Di Meccanica Generale
Gamberini -Soc.a Responsabilita Limitata |
Pianoro (BO) - IT - |
00892140377 |
Partner |
Withdrawn |
Ceased |
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 |
|
H.p.f. S.r.l. |
Pianoro - IT - |
00322060377 |
249.600 .Eur |
80,00 |
|
Gamberini Saverio |
San Lazzaro di Savena - IT - |
GMBSVR66C18A944W |
31.200 .Eur |
10,00 |
|
Gamberini Manuela |
Pianoro - IT - |
GMBMNL62H57G205U |
31.200 .Eur |
10,00 |
The Company under review has
participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares Amount |
% Ownership |
since |
until |
Share Status |
|
Secma - Sistemi Elettronici Di
Controllo Per Macchine Automatiche S.r.l. |
Pianoro - IT - |
03064620374 |
100,00 |
Active |
|||
|
Nuova Mab S.r.l. |
Argelato - IT - |
01819011204 |
100,00 |
Active |
In order to carry out its activities
the firm uses the following locations:
|
- |
Legal and operative seat |
(Factory) |
|
Del Savena |
, 18 |
- 40065 |
- Pianoro |
(BO) |
- IT - |
|
Trading Style: " MG 2
" |
|
PHONE |
: 0514694111 |
|
FAX |
: 0514694199 |
|
Legal mail |
: MG2POSTACERTIFICATA@LEGALMAIL.IT |
|
- |
Branch |
(Warehouse) |
since 25/03/1998 |
|
Nazionale |
, 55/10 |
- 40065 |
- Pianoro |
(BO) |
- IT - |
|
- |
Branch |
(office) |
since 01/11/1998 |
|
Del Savena |
, 16 |
- 40065 |
- Pianoro |
(BO) |
- IT - |
|
Employees |
: 284 |
|
Fittings and Equipment for a value
of 400.000 |
Eur |
|
Stocks for a value of 11.940.000 |
Eur |
|
Vehicles: 3. |
Trade organization: direct or by
agents.
Sales area on a national scale.
Products distribution is entrusted
to mono-mandatory agents.
Transports are mainly done using own
vehicles and third parties ones
The firm operates abroad as
exporter..
Products abroad are placed by :
|
- direct orders from foreign
companies |
CEASINGS/INCORPORATIONS/MERGES:
|
|
The firm took over the activity of |
|
H.p.f. S.r.l. |
|
|
Del Savena |
, 18 |
, 40065 |
, Pianoro |
(BO) |
- IT - |
|
|
Fiscal Code: 00322060377 |
|
|
Date |
: |
19/11/1997 |
|
|
The firm absorved |
|
Secma - Sistemi Elettronici Di ControlloPer Macchine
Automatiche S.r.l. |
|
|
Nazionale |
, 55/10 |
, 40065 |
, Pianoro |
(BO) |
- IT - |
|
|
Fiscal Code: 03064620374 |
|
|
Date |
: |
09/09/2003 |
|
|
Project of merging by taking over
of |
|
Nuova Mab S.r.l. |
|
|
Marzabotto |
, 2 |
, 40050 |
, Argelato |
(BO) |
- IT - |
|
|
Fiscal Code: 01819011204 |
|
|
Date |
Merging/splitting-up project: |
01/04/2003 |
|
|
The firm absorbed by merging of |
|
Nuova Mab S.r.l. |
|
|
Marzabotto |
, 2 |
, 40050 |
, Argelato |
(BO) |
- IT - |
|
|
Fiscal Code: 01819011204 |
|
|
Date |
: |
09/09/2003 |
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 1998.
The
eonomic-financial analysis is based on the latest 3 b/s.
Under
an economic point of view, profits were registered during the last years with a
r.o.e. of 12,61% in 2014 with a stable trend in the turnover.
The
operating result in 2014 was positive (6,57%) and reflects the field's average.
The
amount of the operating result for the year 2014 is of Eur. 1.695.260 , with no
sizeable change as opposed to the year before.
A
gross operating margine for a value of Eur. 2.618.982 was reached. with no
sensible increase as against 2013.
The
financial status of the company is fairly balanced with an indebtedness level
of 1,31 yet on the increase as against the previous accounting period.
Subject
can manage an equity capital funds for an amount of Eur. 7.751.346 , stable in
comparison with the value of the previous year.
During
the last financial year debts totalled Eur. 13.247.095 (Eur. 785.267 of which
were m/l term debts) , with no sensible variation.
Financial
debts exposure is under control while the recourse to commercial credit is
rather frequent but lined up with the field's average.
It
shows a good range of liquidity.
As
far as the collection of credit goes, the average is high (121,38 days). but in
line with the sector.
The
financial management generated a cash flow of Eur. 1.765.008.
Labour
cost expenses amount to Eur. 9.117.798 , representing 38,74% on the total of
production costs. and a 40,82% incidence on sales volumes.
The
financial charges do not negatively affect the management, as they are covered
by the incomes.
|
|
Complete balance-sheet for the
year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
22.337.366 |
|
Profit (Loss) for the period |
977.387 |
|
|
Complete balance-sheet for the
year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
21.786.015 |
|
Profit (Loss) for the period |
764.044 |
|
|
Complete balance-sheet for the
year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
21.567.973 |
|
Profit (Loss) for the period |
585.391 |
|
|
Complete balance-sheet for the
year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
19.221.352 |
|
Profit (Loss) for the period |
68.066 |
|
|
Complete balance-sheet for the
year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
21.931.692 |
|
Profit (Loss) for the period |
-647.243 |
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 |
0,09 |
0,11 |
0,13 |
0,18 |
|
Elasticity Ratio |
Units |
0,90 |
0,88 |
0,86 |
0,79 |
|
Availability of stock |
Units |
0,46 |
0,44 |
0,41 |
0,21 |
|
Total Liquidity Ratio |
Units |
0,44 |
0,44 |
0,45 |
0,52 |
|
Quick Ratio |
Units |
0,09 |
0,11 |
0,05 |
0,03 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
1,31 |
1,23 |
1,59 |
3,01 |
|
Self Financing Ratio |
Units |
0,30 |
0,30 |
0,27 |
0,19 |
|
Capital protection Ratio |
Units |
0,83 |
0,84 |
0,85 |
0,66 |
|
Liabilities consolidation quotient |
Units |
0,20 |
0,22 |
0,26 |
0,16 |
|
Financing |
Units |
1,71 |
1,71 |
1,89 |
3,56 |
|
Permanent Indebtedness Ratio |
Units |
0,40 |
0,40 |
0,40 |
0,34 |
|
M/L term Debts Ratio |
Units |
0,10 |
0,10 |
0,12 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
0,09 |
0,00 |
0,48 |
0,69 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
4,44 |
3,61 |
2,96 |
1,65 |
|
Current ratio |
Units |
1,87 |
1,84 |
1,78 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,91 |
0,91 |
0,93 |
0,86 |
|
Structure's primary quotient |
Units |
3,35 |
2,68 |
2,03 |
1,02 |
|
Treasury's primary quotient |
Units |
0,18 |
0,24 |
0,10 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
333,09 |
337,81 |
364,98 |
509,92 |
|
Current Capital ( net ) |
Value |
10.870.794 |
9.190.140 |
8.227.641 |
330.495 |
|
RETURN |
|||||
|
Return on Sales |
% |
7,90 |
7,05 |
6,43 |
3,79 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
12,61 |
11,28 |
9,74 |
6,70 |
|
Return on Equity - Gross - ( R.O.E.
) |
% |
21,64 |
19,55 |
17,97 |
18,82 |
|
Return on Investment ( R.O.I. ) |
% |
6,57 |
6,34 |
4,92 |
4,89 |
|
Return/ Sales |
% |
7,59 |
6,66 |
5,00 |
4,78 |
|
Extra Management revenues/charges
incid. |
% |
57,65 |
52,67 |
54,24 |
29,96 |
|
Cash Flow |
Value |
1.765.008 |
1.535.209 |
1.386.941 |
165.166 |
|
Operating Profit |
Value |
1.695.260 |
1.450.724 |
1.079.263 |
225.594 |
|
Gross Operating Margin |
Value |
2.618.982 |
2.335.311 |
2.074.197 |
376.080 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
121,38 |
98,24 |
125,21 |
111,07 |
|
Debts to suppliers average term |
Days |
132,22 |
123,59 |
108,01 |
127,44 |
|
Average stock waiting period |
Days |
192,47 |
167,44 |
149,93 |
62,88 |
|
Rate of capital employed return (
Turnover ) |
Units |
0,87 |
0,95 |
0,98 |
1,10 |
|
Rate of stock return |
Units |
1,87 |
2,15 |
2,40 |
5,58 |
|
Labour cost incidence |
% |
40,82 |
39,60 |
38,09 |
18,94 |
|
Net financial revenues/ charges
incidence |
% |
1,12 |
-0,67 |
-1,43 |
-1,15 |
|
Labour cost on purchasing expenses |
% |
38,74 |
39,06 |
37,72 |
18,99 |
|
Short-term financing charges |
% |
1,07 |
1,94 |
2,72 |
2,55 |
|
Capital on hand |
% |
115,59 |
105,04 |
101,70 |
90,89 |
|
Sales pro employee |
Value |
78.652 |
80.988 |
84.249 |
199.007 |
|
Labour cost pro employee |
Value |
32.104 |
32.069 |
32.090 |
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 |
: |
944.297 |
|
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 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.
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 3.720.
The insolvency index for the region is
0,46, , while for the province it is 0,40.
Total Bankrupt companies in the
province : 4.335.
Total Bankrupt companies in the
region : 14.698.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.42 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.14 |
|
EURO |
1 |
Rs. 72.09 |
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.