MIRA
INFORM REPORT
|
Report No. : |
308193 |
|
Report Date : |
14.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
Mirage Granito Ceramico SPA |
|
|
|
|
Registered Office : |
Via Giardini Nord, 225 Chiozza, 41026 - Pavullo
nel Frignano (MO) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
11.09.1972 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
·
Engaged in supplying of
Ceramic Tiles for Floors, Walls and Ventilated Facades ·
Engaged in designing
and Producing Porcelain Stoneware Floors and Coverings for Commercial, Public
and Residential Spaces. ·
Engaged in Manufacturing of Clay Building
Materials |
|
|
|
|
No of Employees : |
313 |
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 Complaints |
|
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 |
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
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 & address
Mirage Granito Ceramico S.p.a.
Via Giardini Nord, 225
Chiozza
41026 - Pavullo nel Frignano (MO) -IT-
Summary
|
Fiscal Code |
: |
00175990365 |
|
Legal Form |
: |
Joint stock company |
|
Foundation Date |
: |
11/09/1972 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
100.000.000/150.000.000 |
|
Number of Employees |
: |
313 |
Activity
·
Engaged in supplying of
Ceramic Tiles for Floors, Walls and Ventilated Facades
·
Engaged in designing
and Producing Porcelain Stoneware Floors and Coverings for Commercial, Public
and Residential Spaces.
· Engaged in Manufacturing of Clay Building Materials
Legal Data
Legal Form : Joint stock company
|
Fiscal Code : 00175990365 |
|
Foreign Trade Reg. no. : MO032183 since
26/01/1999 |
|
Foreign Trade Reg. no. : 032183 of Modena
since 26/01/1999 |
|
Chamber of Commerce no. : 1992328 of
Milano |
|
Chamber of Commerce no. : 151799 of Modena
since 07/12/1972 |
|
Firms' Register : MO023-6493 of Modena
since 19/02/1996 |
|
V.A.T. Code : 00175990365 |
|
Foundation date |
: 11/09/1972 |
|
|
Establishment date |
: 11/09/1972 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 10.000.000 |
|
|
Subscribed Capital |
: 10.000.000 |
|
|
Paid up Capital |
: 10.000.000 |
Members
|
|
Ferraguti |
Romano |
|
|
Born in Modena |
(MO) |
on 21/10/1948 |
- Fiscal Code : FRRRMN48R21F257P |
|
|
Residence: |
Panaro |
, 8 |
- 41043 |
Formigine |
(MO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
20/05/2014 |
|
|
Mussini |
Luca |
|
|
Born in Modena |
(MO) |
on 07/04/1966 |
- Fiscal Code : MSSLCU66D07F257F |
|
|
Residence: |
Mantova |
, 60 |
- 41049 |
Sassuolo |
(MO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
20/05/2014 |
|
|
Migliari |
Mirco |
|
|
Born in Berra |
(FE) |
on 18/08/1961 |
- Fiscal Code : MGLMRC61M18A806I |
|
|
Residence: |
Vincenzo Bellini |
, 3/I 4 |
- 41121 |
Modena |
(MO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
20/05/2014 |
||
|
Board Chairman |
20/05/2014 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Mazzi |
Mauro |
|
|
Born in Sassuolo |
(MO) |
on 22/04/1970 |
- Fiscal Code : MZZMRA70D22I462P |
|
|
Residence: |
D'arezzo |
, 50 |
- 41049 |
Sassuolo |
(MO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
20/05/2014 |
||
|
Managing Director |
20/05/2014 |
||
|
Attorney with special power |
21/05/2013 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Nicolini |
Roberto |
|
|
Born in Sassuolo |
(MO) |
on 04/05/1962 |
- Fiscal Code : NCLRRT62E04I462D |
|
|
Residence: |
Paganini |
, 14 |
- 41049 |
Sassuolo |
(MO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
09/02/2010 |
||
|
Director |
20/05/2014 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Russiani |
Gabriele |
|
|
Born in Modena |
(MO) |
on 26/05/1973 |
- Fiscal Code : RSSGRL73E26F257L |
|
|
Residence: |
Rocca Santa Maria |
, 127 |
- 41028 |
Serramazzoni |
(MO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
02/04/2012 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Ceramiche Caesar
S.p.a. |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
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.
|
|
Migliari |
Mirco |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
C.a.p.a. Cologna - Cooperativa Assistenza
Produttori Agricoli - Societa' Coopera |
Berra (FE) - IT - |
00151720380 |
Permanent
Auditor |
Withdrawn |
Registered |
|
C.a.p.a. Cologna - Cooperativa Assistenza
Produttori Agricoli - Societa' Coopera |
Berra (FE) - IT - |
00151720380 |
Temporary
Auditor |
Withdrawn |
Registered |
|
Molise Agroalimentare Societa' Consortile
A Responsabilita' Limit Ata |
Campobasso (CB) - IT - |
00309420701 |
Temporary
Auditor |
Active |
Registered |
|
Eredi Migliari Andrea S.s. |
Berra (FE) - IT - |
01604920387 |
Partner |
Active |
Registered |
|
Eredi Migliari Andrea S.s. |
Berra (FE) - IT - |
01604920387 |
Partner |
Active |
Registered |
|
Societa' Agricola Immobiliare Pozzo S.s.Di
Migliari Mirco E C. |
Berra (FE) - IT - |
01674110380 |
Representative
partner |
Active |
Registered |
|
Societa' Agricola Immobiliare Pozzo S.s.Di
Migliari Mirco E C. |
Berra (FE) - IT - |
01674110380 |
Partner |
Active |
Registered |
|
|
Mazzi |
Mauro |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
MIRAGE RUSSIA HOLDING SRL IN LIQUIDAZIONE |
Pavullo nel Frignano (MO) - IT - |
02911600365 |
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.
Capital Shareholders
Shareholders' list
as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Sirotti Luciano |
Sassuolo - IT - |
SRTLCN41R20I903Z |
1.750.000 .Eur |
17,50 |
|
Ceramiche Caesar S.p.a. |
00179660360 |
8.250.000 .Eur |
82,50 |
Direct Participations
The Company under
review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares
Amount |
% Ownership |
since |
until |
Share Status |
|
Consorzio Expo Modena |
Modena - IT - |
02236680365 |
Active |
||||
|
Gas Intensive Soc. Consortile A Responsa
bilita' Limitata |
Milano - IT - |
03305420964 |
1.000 .Eur |
0,34 |
Active |
||
|
Ceramica Interrompibilita' Societa' Cons
ortile A Responsabilita' Limitata Abbrev |
Sassuolo - IT - |
03283610362 |
1.000 .Eur |
3,03 |
Active |
||
|
Costanza S.r.l. |
03184130361 |
20.000 .Eur |
100,00 |
Active |
Firm's location and structure
In order to carry out its activities the
firm uses the following locations:
|
- |
Legal and
operative seat |
|
Giardini Nord |
, 225 |
- 41026 |
- Pavullo nel Frignano |
(MO) |
- IT - |
|
PHONE |
: 053629611 |
|
FAX |
: 053621065 |
|
- |
Branch |
(office) |
since 01/08/2012 |
|
Marsala |
, 7 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
Employees |
: 313 |
|
Fittings and Equipment for a value of
15.980.000 |
Eur |
|
Stocks for a value of 24.010.000 |
Eur |
|
Work in progress for a value of 61.000 |
Eur |
Historical Information and/or Firm's Status
CHANGES TO THE
LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Limited liability company |
Joint stock company |
15/10/1998 |
COMPANY STYLE
MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Fin.Mirage Srl |
Mirage Granito Ceramico SpA |
15/10/1998 |
EX-MEMBERS /
EX-POSITIONS:
|
|
Ferraguti |
Romano |
|
|
Born in Modena |
(MO) |
on 21/10/1948 |
- Fiscal Code : FRRRMN48R21F257P |
|
|
Residence: |
Panaro |
, 8 |
- 41043 |
Formigine |
(MO) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
Mazzi |
Mauro |
|
|
Born in Sassuolo |
(MO) |
on 22/04/1970 |
- Fiscal Code : MZZMRA70D22I462P |
|
|
Residence: |
D'arezzo |
, 50 |
- 41049 |
Sassuolo |
(MO) |
- IT - |
|
Ex-Postions |
|
Institor |
|
|
Iseppi |
Oscar |
|
|
Born in Pavullo nel Frignano |
(MO) |
on 23/06/1965 |
- Fiscal Code : SPPSCR65H23G393P |
|
|
Residence: |
Don Lenzini |
, 12 |
- 41026 |
Pavullo nel Frignano |
(MO) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
|
Mussini |
Cirillo |
|
|
Born in Sassuolo |
(MO) |
on 17/02/1936 |
- Fiscal Code : MSSCLL36B17I462U |
|
|
Residence: |
Bellini |
, 24 |
- 41049 |
Sassuolo |
(MO) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Tamagnini |
Ildefonso |
|
|
Born in Modena |
(MO) |
on 17/07/1939 |
- Fiscal Code : TMGLFN39L17F257S |
|
|
Residence: |
Einstein |
, 62 |
- 41100 |
Modena |
(MO) |
- IT - |
|
Ex-Postions |
|
Director |
CEASINGS/INCORPORATIONS/MERGES:
|
|
The firm
absorved |
|
|
|
|
Giardini |
, 449/A |
, 41026 |
, Pavullo nel Frignano |
(MO) |
- IT - |
|
|
Fiscal Code: 00708870365 |
|
|
Date |
: |
22/12/1998 |
|
|
Project of
merging by taking over of |
|
|
|
|
Giardini |
, 449/A |
, 41026 |
, Pavullo nel Frignano |
(MO) |
- IT - |
|
|
Fiscal Code: 00708870365 |
|
|
Date |
Merging/splitting-up project: |
25/06/1998 |
|
|
The firm
absorbed by merging of |
|
|
|
|
Giardini |
, 449/A |
, 41026 |
, Pavullo nel Frignano |
(MO) |
- IT - |
|
|
Fiscal Code: 00708870365 |
|
|
Date |
: |
22/12/1998 |
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 1972
Balance sheets for the years 2011, 2012 and
2013 were analyzed.
During the last years, it achieved profits
(r.o.e. 12,98% on 2013) thanks to a progressive increase in turnover (+7,44% in
2013 compared to 2012 and +0,65% in 2012 compared to 2011).
The operating result in 2013 was positive
(13,45%) falling within the field's average.
The amount of the operating result for the
year 2013 is of Eur. 18.284.480 with no increase in relation to the financial
year 2012.
The economic management produced a gross
operating margin of Eur. 24.840.501 , stable if compared to the year before.
Very good financial situation: shareholder's
equity covers short-terms debts with an indebtedness level equal to 0,05 and
with an upward trend compared to the previous year.
The equity capital is equal to Eur.
96.928.441 on stable levels.
Total indebtedness was equal to Eur.
32.536.457 (Eur. 85.500 was the value of m/l term debts) showing a stable trend
as opposed to 2012 (Eur. 32.853.149).
The company does not exceed in bank credits;
payments average period is instead slightly high (135,93 gg.) but lined up with
the field's average.
The available funds are good.
Trade credits average terms are 80,9 days. ,
shorter than the sector's average.
As far as the cash flow is concerned during
the latest financial year it amounted to Eur. 18.611.698
Labour cost amounts to Eur. 19.454.970, with
a 20,64% incidence on production costs. , with a 18,44% incidence on turnover.
No incidence of financial charges as lower
than the incomes.
Financial Data
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
105.507.671 |
|
Profit (Loss) for the period |
12.583.217 |
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
98.201.282 |
|
Profit (Loss) for the period |
11.534.240 |
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
97.565.012 |
|
Profit (Loss) for the period |
10.857.953 |
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
93.819.050 |
|
Profit (Loss) for the period |
10.373.450 |
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
83.891.049 |
|
Profit (Loss) for the period |
9.615.401 |
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 |
|
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|
|
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 |
0,30 |
0,33 |
0,36 |
0,43 |
|
Elasticity Ratio |
Units |
0,70 |
0,67 |
0,64 |
0,55 |
|
Availability of stock |
Units |
0,18 |
0,16 |
0,17 |
0,19 |
|
Total Liquidity Ratio |
Units |
0,52 |
0,52 |
0,47 |
0,33 |
|
Quick Ratio |
Units |
0,26 |
0,21 |
0,17 |
0,01 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
0,05 |
0,11 |
0,21 |
1,30 |
|
Self Financing Ratio |
Units |
0,71 |
0,69 |
0,67 |
0,31 |
|
Capital protection Ratio |
Units |
0,77 |
0,76 |
0,73 |
0,84 |
|
Liabilities consolidation quotient |
Units |
0,10 |
0,17 |
0,24 |
0,30 |
|
Financing |
Units |
0,34 |
0,37 |
0,42 |
2,07 |
|
Permanent Indebtedness Ratio |
Units |
0,74 |
0,73 |
0,73 |
0,54 |
|
M/L term Debts Ratio |
Units |
0,02 |
0,04 |
0,06 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,74 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
2,44 |
2,25 |
2,03 |
1,16 |
|
Current ratio |
Units |
2,92 |
2,77 |
2,58 |
1,17 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
2,18 |
2,13 |
1,88 |
0,74 |
|
Structure's primary quotient |
Units |
2,36 |
2,13 |
1,86 |
0,78 |
|
Treasury's primary quotient |
Units |
1,08 |
0,85 |
0,67 |
0,01 |
|
Rate of indebtedness ( Leverage ) |
% |
140,26 |
144,40 |
150,28 |
320,24 |
|
Current Capital ( net ) |
Value |
62.208.271 |
54.980.799 |
45.414.087 |
489.751 |
|
RETURN |
|||||
|
Return on Sales |
% |
17,64 |
18,01 |
16,33 |
2,85 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
12,98 |
13,06 |
14,14 |
0,50 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
19,48 |
19,12 |
21,41 |
2,05 |
|
Return on Investment ( R.O.I. ) |
% |
13,45 |
12,11 |
13,92 |
2,31 |
|
Return/ Sales |
% |
17,33 |
15,73 |
16,47 |
3,07 |
|
Extra Management revenues/charges incid. |
% |
68,82 |
74,67 |
67,55 |
10,71 |
|
Cash Flow |
Value |
18.611.698 |
17.683.741 |
15.937.043 |
160.408 |
|
Operating Profit |
Value |
18.284.480 |
15.447.894 |
16.073.378 |
79.446 |
|
Gross Operating Margin |
Value |
24.840.501 |
22.124.392 |
21.557.924 |
520.518 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
80,90 |
94,10 |
102,47 |
127,91 |
|
Debts to suppliers average term |
Days |
135,93 |
147,49 |
129,95 |
129,07 |
|
Average stock waiting period |
Days |
81,93 |
73,76 |
74,22 |
113,84 |
|
Rate of capital employed return ( Turnover
) |
Units |
0,78 |
0,77 |
0,85 |
0,65 |
|
Rate of stock return |
Units |
4,39 |
4,88 |
4,85 |
3,16 |
|
Labour cost incidence |
% |
18,44 |
18,20 |
18,01 |
20,17 |
|
Net financial revenues/ charges incidence |
% |
0,51 |
0,59 |
0,38 |
-2,10 |
|
Labour cost on purchasing expenses |
% |
20,64 |
20,96 |
21,03 |
19,31 |
|
Short-term financing charges |
% |
0,32 |
0,43 |
0,55 |
3,13 |
|
Capital on hand |
% |
128,85 |
129,91 |
118,31 |
152,96 |
|
Sales pro employee |
Value |
173.818 |
175.987 |
177.714 |
191.110 |
|
Labour cost pro employee |
Value |
32.051 |
32.028 |
32.013 |
33.292 |
Market / Territory Data
|
Population living in the province |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
659.925Monthly family expenses
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 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.
Statistical Detrimental Data
Statistically 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.62.14 |
|
UK Pound |
1 |
Rs.95.78 |
|
Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MNL |
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.