MIRA INFORM REPORT
|
Report No. : |
302245 |
|
Report Date : |
09.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
PROSINO - S.R.L. |
|
|
|
|
Registered Office : |
Via Nicolao Sottile, 6 , 13011 –
Borgosesia (VC) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
30.06.2014 |
|
|
|
|
Date of Incorporation : |
15.02.1956 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Engaged in producing, spinning and Twisting
of Rings Subject product line are as follows:- ·
Short
Staple Rings ·
Long
Staple Rings ·
Sintered
Metal Rings |
|
|
|
|
No of Employees : |
92 |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Italy |
a2 |
a2 |
|
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
Prosino - S.r.l.
Via Nicolao Sottile, 6
13011 - Borgosesia (VC) -IT-
Summary
|
Fiscal Code |
: |
00164800021 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
15/02/1956 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
10.000.000/12.750.000 |
|
Number of Employees |
: |
92 |
Activity
Engaged in producing, spinning and Twisting of Rings
Subject product line are as follows:-
·
Short
Staple Rings
·
Long
Staple Rings
·
Sintered
Metal Rings
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 00164800021 |
|
Foreign Trade Reg. no. : VC009671 since
06/03/1992 |
|
Chamber of Commerce no. : 163361 of Novara |
|
Chamber of Commerce no. : 62545 of
Vercelli since 16/03/1956 |
|
Firms' Register : VC158-982 of Vercelli
since 19/02/1996 |
|
V.A.T. Code : 00164800021 |
|
Tribunal Co. Register : 982 of |
|
Foundation date |
: 15/02/1956 |
|
|
Establishment date |
: 15/02/1956 |
|
|
Start of Activities |
: 15/02/1956 |
|
|
Legal duration |
: 31/12/2070 |
|
|
Nominal Capital |
: 50.000 |
|
|
Subscribed Capital |
: 50.000 |
|
|
Paid up Capital |
: 50.000 |
Members
|
|
Rieter Holding
Ag |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No
Prejudicial events are reported |
|
|
No Protests
registered |
|
|
Prosino |
Pietro |
|
|
Born in Novara |
(NO) |
on 08/04/1968 |
- Fiscal Code : PRSPTR68D08F952H |
|
|
Residence: |
Tarquinio Grassi |
, 17 |
- 13011 |
Borgosesia |
(VC) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
15/11/2011 |
||
|
Board Chairman |
15/11/2011 |
||
|
Director |
15/11/2011 |
||
|
Procurator |
31/05/1997 |
|
|
No
Prejudicial events are reported |
|
|
No Protests
registered |
|
|
Rondone |
Luciano |
|
|
Born in Borgosesia |
(VC) |
on 24/06/1968 |
- Fiscal Code : RNDLCN68H24B041K |
|
|
Residence: |
Varallo |
, 157 |
- 13011 |
Borgosesia |
(VC) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
22/07/2003 |
|
|
No
Prejudicial events are reported |
|
|
No Protests
registered |
|
|
Strasser |
Werner Kurt |
|
|
Born in Nussbaumen |
( ) |
on 04/04/1954 |
- Fiscal Code : STRWNR54D04Z133K |
|
|
Residence: |
Im Obertor |
, 6 |
- 8266 |
Steckborn |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
15/11/2011 |
|
|
Prosino |
Carlo Alberto |
|
|
Born in Novara |
(NO) |
on 06/08/1938 |
- Fiscal Code : PRSCLL38M06F952D |
|
|
Residence: |
Grassi |
, 17 |
- 13011 |
Borgosesia |
(VC) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
15/11/2011 |
||
|
Director |
15/11/2011 |
|
|
No
Prejudicial events are reported |
|
|
No Protests
registered |
|
|
Anwander |
Thomas |
|
|
Born in Winterthur |
( ) |
on 19/02/1960 |
- Fiscal Code : NWNTMS60B19Z133H |
|
|
Residence: |
Im Lerchenbuel |
, 24 |
Winterthur |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
15/11/2011 |
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.
|
|
Prosino |
Carlo Alberto |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Cassa Di Risparmio Di Biella E Vercelli-
S.p.a. |
Biella (BI) - IT - |
01807130024 |
Director |
Withdrawn |
Registered |
|
Cassa Di Risparmio Di Biella E Vercelli-
S.p.a. |
Biella (BI) - IT - |
01807130024 |
Memb.of the
Executive Committee |
Withdrawn |
Registered |
|
Settembrino - Societa' Semplice |
Borgosesia (VC) - IT - |
01538540020 |
Partner |
Active |
Registered |
|
|
Prosino |
Pietro |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Val.i.d. S.r.l. |
Borgosesia (VC) - IT - |
01933180026 |
Director |
Active |
Registered |
|
Settembrino - Societa' Semplice |
Borgosesia (VC) - IT - |
01538540020 |
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.
Capital
Shareholders
Shareholders' list as at date of data
collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Prosino Carlo Alberto |
Borgosesia - IT - |
PRSCLL38M06F952D |
1.000 .Eur |
2,00 |
|
Prosino Pietro |
Borgosesia - IT - |
PRSPTR68D08F952H |
24.500 .Eur |
49,00 |
|
Rieter Holding Ag |
97095480154 |
24.500 .Eur |
49,00 |
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 S. Andrea |
Vercelli - IT - |
01985680022 |
Active |
||||
|
Imt |
02374450035 |
Active |
Firm's
location and structure
In order to carry out its activities the
firm uses the following locations:
|
- |
Legal and operative
seat |
since 27/05/1989 |
|
Nicolao Sottile |
, 6 |
- 13011 |
- Borgosesia |
(VC) |
- IT - |
|
PHONE |
: 016325004 |
|
PHONE |
: 0163418444 |
|
FAX |
: 0163418445 |
|
- |
Branch |
(Factory) |
since 04/09/1989 |
|
Zona Industriale D 4 |
- 28075 |
- Grignasco |
(NO) |
- IT - |
|
Employees |
: 92 |
|
Fittings and Equipment for a value of
560.000 |
Eur |
|
Stocks for a value of 4.230.000 |
Eur |
|
Vehicles: 4. |
The firm operates abroad as importer / exporter..
To purchase foreign products the firm uses
the following channels :
|
- national or foreign important buyers |
|
- direct orders to foreign companies |
Export represents more than 50% of the
global turnover.
Products abroad are placed by :
|
- national or foreign important buyers |
|
- importers |
|
- its own agents |
|
- direct orders from foreign companies |
Import comes generally from the following
nations:
|
- Italy |
|
- France |
Export is mainly towards:
|
- Italy |
|
- Austria |
|
- France |
|
- Germany |
|
- Greece |
|
- Ireland |
|
- Gabon |
|
- Guatemala GCA |
Historical Information and/or Firm's Status
CHANGES TO THE
LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Limited partnership |
Limited liability company |
27/05/1989 |
COMPANY STYLE
MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Officine Meccaniche Borgosesia O.M.B.
diProsino e C. sas |
27/05/1989 |
EX-MEMBERS /
EX-POSITIONS:
|
|
Prosino |
Cipriano |
|
|
Born in Novara |
(NO) |
on 10/12/1939 |
- Fiscal Code : PRSCRN39T10F952T |
|
|
Residence: |
Vittorio Veneto |
, 17 |
- 13011 |
Borgosesia |
(VC) |
- IT - |
|
Ex-Postions |
|
Chairman |
|
Board Chairman |
|
|
Prosino |
Carlo Alberto |
|
|
Born in Novara |
(NO) |
on 06/08/1938 |
- Fiscal Code : PRSCLL38M06F952D |
|
|
Residence: |
Grassi |
, 17 |
- 13011 |
Borgosesia |
(VC) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Director |
|
|
Buhrer |
Alfred Hermann |
|
|
Born in Schaffhausen |
( ) |
on 14/06/1944 |
- Fiscal Code : BHRLRD44H14Z133I |
|
Ex-Postions |
|
Director |
|
|
Marty |
Emil |
|
|
Born in Einsiedeen |
( ) |
on 21/11/1923 |
- Fiscal Code : MRTMLE23S21Z133W |
|
Ex-Postions |
|
Director |
|
|
Lucca |
Angelo |
|
|
Born in Romanshorn |
( ) |
on 14/02/1944 |
- Fiscal Code : LCCNGL44B14Z133E |
|
Ex-Postions |
|
Director |
|
|
Valoppi |
Roberto |
|
|
Born in Sedegliano |
(UD) |
on 25/10/1945 |
- Fiscal Code : VLPRRT45R25I562H |
|
|
Residence: |
Garibaldi |
, 20 |
- 13015 |
Guardabosone |
(VC) |
- IT - |
|
Ex-Postions |
|
Director |
|
Procurator |
|
|
Tizzoni |
Ezio |
|
|
Born in Grignasco |
(NO) |
on 28/05/1946 |
- Fiscal Code : TZZZEI46E28E177V |
|
|
Residence: |
Partigiani |
, 42 |
- 13011 |
Borgosesia |
(VC) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Sizzi |
Claudio |
|
|
Born in Bergamo |
(BG) |
on 25/01/1960 |
- Fiscal Code : SZZCLD60A25A794F |
|
|
Residence: |
Piave |
, 21 |
- 20129 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Comoli |
Roberto |
|
|
Born in Valduggia |
(VC) |
on 14/08/1933 |
- Fiscal Code : CMLRRT33M14L566S |
|
|
Residence: |
Marconi |
, 9 |
- 13011 |
Borgosesia |
(VC) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
Chairman of the Board of Aud. |
|
|
Rieter Holding
Ag |
|
- Fiscal Code : 97095480154 |
|
Ex-Postions |
|
Partner |
|
|
Buzzi |
Giuseppe |
|
|
Born in Vercelli |
(VC) |
on 11/11/1961 |
- Fiscal Code : BZZGPP61S11L750F |
|
|
Residence: |
Castello |
, 9 |
- 13030 |
Collobiano |
(VC) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Stella |
Rodolfo |
|
|
Born in Milano |
(MI) |
on 28/10/1944 |
- Fiscal Code : STLRLF44R28F205W |
|
|
Residence: |
Piave |
, 21 |
- 20129 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Ricaldone |
Massimo |
|
|
Born in QUARONA |
(VC) |
on 17/08/1924 |
- Fiscal Code : RCLMSM24M17H108R |
|
|
Residence: |
ROLANDI |
, 12 |
- 13017 |
Quarona |
(VC) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
Robbi |
Gian Pietro |
|
|
Born in Nogara |
(VR) |
on 03/10/1946 |
- Fiscal Code : RBBGPT46R03F918J |
|
|
Residence: |
Maria Giudice |
, 6 |
- 13011 |
Borgosesia |
(VC) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
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 1956
The analysis is based on the latest 3
balance sheets.
During the last years, it achieved profits
(r.o.e. 8,23% on 2014) with a stable trend in the turnover.
The operating result in 2014 was positive
(6,67%) falling within the field's average.
The amount of the operating result for the
year 2014 is of Eur. 986.065 , on more or less the same values as in the year
before.
A gross operating margine for a value of
Eur. 1.472.961 was reached. , stable if compared to the year before.
The company has an excellent net worth if
compared to its debts, with a low indebtedness (0,34) lower than in 2013.
It's shareholders funds amount to Eur.
4.938.510 , unchanged if compared to 2013.
During the last financial year total debts
volume reached Eur. 9.079.380 (Eur. 5.202.632 were m/l term ones) with no
important change.
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.
Trade credits average terms are 63,87 days.
, shorter than the sector's average.
During financial year 2014 the cash flow
amounted to Eur. 893.126
During 2014 financial year labour costs amounted
to Eur. 3.864.324, with a 38,7% incidence on production costs. , with a 36,55%
incidence on turnover.
Financial charges have a high incidence
(-2,34%) on turnover figures.
Financial
Data
|
|
Complete balance-sheet for the year |
al 30/06/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
10.572.871 |
|
Profit (Loss) for the period |
406.230 |
|
|
Complete balance-sheet for the year |
al 30/06/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
10.892.844 |
|
Profit (Loss) for the period |
551.722 |
|
|
Complete balance-sheet for the year |
al 30/06/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
13.694.684 |
|
Profit (Loss) for the period |
1.091.656 |
|
|
Complete balance-sheet for the year |
al 30/06/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
12.453.458 |
|
Profit (Loss) for the period |
1.342.480 |
|
|
Complete balance-sheet for the year |
al 30/06/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.678.030 |
|
Profit (Loss) for the period |
-402.582 |
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 30/06/2014 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet as
at 30/06/2013 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet
as at 30/06/2012 - 12 Mesi - Currency: - Amounts x 1 |
|
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|
|
RATIOS |
Value
Type |
as at 30/06/2014 |
as at 30/06/2013 |
as at 30/06/2012 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|||||
|
Rigidity Ratio |
Units |
0,41 |
0,47 |
0,48 |
0,24 |
|
Elasticity Ratio |
Units |
0,58 |
0,52 |
0,52 |
0,73 |
|
Availability of stock |
Units |
0,29 |
0,32 |
0,30 |
0,13 |
|
Total Liquidity Ratio |
Units |
0,30 |
0,20 |
0,21 |
0,54 |
|
Quick Ratio |
Units |
0,15 |
0,04 |
0,09 |
0,03 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
0,34 |
0,83 |
0,66 |
3,02 |
|
Self Financing Ratio |
Units |
0,33 |
0,35 |
0,32 |
0,19 |
|
Capital protection Ratio |
Units |
0,91 |
0,87 |
0,75 |
0,67 |
|
Liabilities consolidation quotient |
Units |
1,52 |
0,94 |
1,24 |
0,21 |
|
Financing |
Units |
1,84 |
1,67 |
1,90 |
3,82 |
|
Permanent Indebtedness Ratio |
Units |
0,73 |
0,66 |
0,69 |
0,37 |
|
M/L term Debts Ratio |
Units |
0,40 |
0,31 |
0,37 |
0,12 |
|
Net Financial Indebtedness Ratio |
Units |
0,78 |
0,89 |
0,93 |
0,54 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,78 |
1,41 |
1,45 |
1,36 |
|
Current ratio |
Units |
2,23 |
1,58 |
1,74 |
1,15 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,14 |
0,62 |
0,72 |
0,90 |
|
Structure's primary quotient |
Units |
0,81 |
0,75 |
0,68 |
0,80 |
|
Treasury's primary quotient |
Units |
0,56 |
0,11 |
0,29 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
299,21 |
282,80 |
309,26 |
522,79 |
|
Current Capital ( net ) |
Value |
4.755.289 |
2.590.991 |
3.053.870 |
137.035 |
|
RETURN |
|||||
|
Return on Sales |
% |
8,45 |
10,52 |
12,26 |
4,19 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
8,23 |
11,58 |
24,35 |
6,82 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
14,96 |
20,13 |
39,21 |
21,82 |
|
Return on Investment ( R.O.I. ) |
% |
6,67 |
8,90 |
14,10 |
5,32 |
|
Return/ Sales |
% |
9,33 |
11,00 |
14,27 |
4,80 |
|
Extra Management revenues/charges incid. |
% |
41,20 |
46,03 |
55,85 |
24,34 |
|
Cash Flow |
Value |
893.126 |
1.146.136 |
1.679.632 |
122.584 |
|
Operating Profit |
Value |
986.065 |
1.198.664 |
1.954.581 |
134.039 |
|
Gross Operating Margin |
Value |
1.472.961 |
1.793.078 |
2.542.557 |
232.049 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
63,87 |
63,34 |
39,66 |
113,47 |
|
Debts to suppliers average term |
Days |
121,64 |
117,60 |
78,73 |
128,87 |
|
Average stock waiting period |
Days |
143,99 |
141,97 |
110,94 |
41,22 |
|
Rate of capital employed return ( Turnover
) |
Units |
0,72 |
0,81 |
0,99 |
1,15 |
|
Rate of stock return |
Units |
2,50 |
2,54 |
3,25 |
8,63 |
|
Labour cost incidence |
% |
36,55 |
35,87 |
31,10 |
23,26 |
|
Net financial revenues/ charges incidence |
% |
-2,34 |
-2,20 |
-1,44 |
-1,36 |
|
Labour cost on purchasing expenses |
% |
38,70 |
36,75 |
34,09 |
23,52 |
|
Short-term financing charges |
% |
2,77 |
3,09 |
2,34 |
2,74 |
|
Capital on hand |
% |
139,76 |
123,70 |
101,24 |
87,13 |
|
Sales pro employee |
Value |
88.107 |
89.285 |
102.967 |
150.278 |
|
Labour cost pro employee |
Value |
32.202 |
32.030 |
32.023 |
33.017 |
Market
/ Territory Data
|
Population living in the province |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
Monthly 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 3.083
significant companies.
The companies cash their credits on an
average of 113 dd.
The average duration of suppliers debts is
about 129 dd.
The sector's profitability is on an average
of 4,19%.
The labour cost affects the turnover in the
measure of 23,26%.
Goods are held in stock in a range of 41 dd.
The difference between the sales volume and
the resources used to realize it is about 1,15.
The employees costs represent the 23,52% 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 27.019 protested subjects are
found; in the province they count to 847.
The insolvency index for the region is 0,63,
, while for the province it is 0,48.
Total Bankrupt companies in the province :
573.
Total Bankrupt companies in the region :
14.165.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.97 |
|
UK Pound |
1 |
Rs.94.97 |
|
Euro |
1 |
Rs.74.43 |
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.