MIRA INFORM REPORT
|
Report No. : |
304346 |
|
Report Date : |
20.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
MANIFATTURA DI DOMODOSSOLA SPA |
|
|
|
|
Registered Office : |
Via Dell'annunciata, 27 20121 – Milano (MI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
21.06.1947 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
·
Manufacture of Textile Ribbons, Labels and
Braidings ·
Manufacture of Tulles and Laces |
|
|
|
|
No. of Employees : |
From 51 to 70 |
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 and address
MANIFATTURA DI DOMODOSSOLA SPA
Via Dell'annunciata, 27
20121 - Milano (MI) -IT-
Summary
|
Fiscal Code |
: |
00740460159 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
21/06/1947 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
5.000.000/6.500.000 |
|
Number of Employees |
: |
from 51 to 70 |
Activity
Manufacture of textile ribbons, labels and braidings
Manufacture of tulles and laces
Legal
Data
Legal Form : Joint stock company
|
Fiscal Code : 00740460159 |
|
Foreign Trade Reg. no. : 047254 of Milano since 17/12/1991 |
|
Foreign Trade Reg. no. : 0002013 of Milano |
|
Foreign Trade Reg. no. : 0992469 of Milano |
|
Chamber of Commerce no. : 362889 of Milano since 11/07/1947 |
|
Chamber of Commerce no. : 15245 of Verbania |
|
Firms' Register : MI146-59317 of Milano since 19/02/1996 |
|
V.A.T. Code : 00740460159 |
|
Tribunal Co. Register : 59317 of |
|
Foundation date |
: 21/06/1947 |
|
|
Establishment date |
: 21/06/1947 |
|
|
Start of Activities |
: 21/06/1947 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 600.000 |
|
|
Subscribed Capital |
: 600.000 |
|
|
Paid up Capital |
: 600.000 |
Members
|
|
Polli |
Giuseppe |
|
|
Born in Domodossola |
(NO) |
on 30/01/1949 |
- Fiscal Code : PLLGPP49A30D332F |
|
|
Residence: |
Pisacane |
, 7 |
- 28844 |
Villadossola |
(VB) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
06/03/1978 |
||
|
Director |
10/04/2014 |
||
|
Managing Director |
10/04/2014 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Polli |
Massimo |
|
|
Born in Domodossola |
(NO) |
on 23/03/1949 |
- Fiscal Code : PLLMSM49C23D332A |
|
|
Residence: |
Bruno Canuto |
, 4 |
- 28845 |
Domodossola |
(VB) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
10/04/2014 |
|
|
Molteni |
Chiara |
|
|
Born in Premosello-Chiovenda |
(NO) |
on 31/07/1957 |
- Fiscal Code : MLTCHR57L71H037I |
|
|
Residence: |
Pisacane |
, 7 |
- 28844 |
Villadossola |
(VB) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
10/04/2014 |
||
|
Director |
10/04/2014 |
||
|
Managing Director |
10/04/2014 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Polli |
Giulia |
|
|
Born in Domodossola |
(NO) |
on 27/07/1981 |
- Fiscal Code : PLLGLI81L67D332X |
|
|
Residence: |
Pisacane |
, 7 |
- 28844 |
Villadossola |
(VB) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
10/04/2014 |
||
|
Managing Director |
10/04/2014 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Polli |
Silvia |
|
|
Born in Domodossola |
(NO) |
on 30/11/1985 |
- Fiscal Code : PLLSLV85S70D332T |
|
|
Residence: |
Pisacane |
, 7 |
- 28844 |
Villadossola |
(VB) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
10/04/2014 |
||
|
Managing Director |
10/04/2014 |
|
|
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.
|
|
Polli |
Giuseppe |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Vecchio Porto S.r.l. |
Verbania (VB) - IT - |
00393520036 |
Director |
Active |
Registered |
|
Societa' Aree Industriali Ed Artigianali- S.a.i.a. - S.p.a. |
Verbania (VB) - IT - |
00871010039 |
Director |
Active |
Registered |
|
V.c.o. Formazione Societa' Consortile AResponsabilita' Limitata |
Omegna (VB) - IT - |
01905580039 |
Director |
Withdrawn |
Registered |
|
S.i.tex S.p.a. |
Milano (MI) - IT - |
06573770150 |
Director |
Active |
Registered |
|
|
Molteni |
Chiara |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Immobiliare Domo S.p.a. Od In Breve DomoS.p.a. |
Villadossola (VB) - IT - |
02014260034 |
Sole Director |
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 |
|
Polli Giuseppe |
Villadossola - IT - |
PLLGPP49A30D332F |
299.838 .Eur |
49,96 |
|
LIGUORI LAURA |
DOMODOSSOLA - IT - |
LGRLRA40B69D332N |
45.840 .Eur |
7,64 |
|
Molteni Chiara |
Villadossola - IT - |
MLTCHR57L71H037I |
38.058 .Eur |
6,34 |
|
PELLEGRINI AUGUSTA |
PLLGST48E70A794U |
28.116 .Eur |
4,68 |
|
|
Polli Giulia |
Villadossola - IT - |
PLLGLI81L67D332X |
71.166 .Eur |
11,86 |
|
Polli Silvia |
Villadossola - IT - |
PLLSLV85S70D332T |
71.166 .Eur |
11,86 |
|
Polli Silvia |
PLLSLV85S70D332T |
22.908 .Eur |
3,81 |
|
|
Polli Giulia |
PLLGLI81L67D332X |
22.908 .Eur |
3,81 |
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 Dettagli Moda Italia |
Milano - IT - |
08177090159 |
Active |
Firm's
location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and
operative seat |
since 18/05/1989 |
|
Dell'annunciata |
, 27 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
- |
Branch |
(Factory) |
since 03/09/2007 |
|
Dell'industria |
, 1/3/5 |
- 28029 |
- Villadossola |
(VB) |
- IT - |
|
Employees |
: 68 |
|
Assistants |
: 1 |
|
Fittings and Equipment for a value of 640.000 |
Eur |
|
Stocks for a value of 81.000 |
Eur |
|
Furniture and fittings for a value of 13.000 |
Eur |
|
Vehicles for a value of 41.000 |
Eur |
The firm has a direct commercial organization
Sales are mainly addressed to Northern Italy
The firm operates abroad as importer / exporter..
To purchase foreign products the firm uses the following channels :
|
- direct orders to foreign companies |
Export represents from 20% to 50% of the global turnover.
Products abroad are placed by :
|
- its own sales net-work |
|
- its own agents |
|
- direct orders from foreign companies |
Import comes generally from the following nations:
|
- France |
|
- Germany |
Export is mainly towards:
|
- Italy |
|
- Austria |
|
- Belgium |
|
- France |
|
- Great Britain |
|
- Greece |
|
- Ireland |
|
- Hungary |
|
- Somalia |
|
- Argentina |
Historical Information and/or Firm's Status
EX-MEMBERS /
EX-POSITIONS:
|
|
Ottolini |
Ivano |
|
|
Born in Desio |
(MB) |
on 21/07/1960 |
- Fiscal Code : TTLVNI60L21D286I |
|
|
Residence: |
Dell'annunciata |
, 27 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Polli |
Giuseppe |
|
|
Born in Domodossola |
(NO) |
on 30/01/1949 |
- Fiscal Code : PLLGPP49A30D332F |
|
|
Residence: |
Pisacane |
, 7 |
- 28844 |
Villadossola |
(VB) |
- IT - |
|
Ex-Postions |
|
Board Chairman |
|
|
POLLI |
VINCENZO |
|
|
Born in VERBANIA |
(NO) |
|
Ex-Postions |
|
Director |
|
|
Polli |
Massimo |
|
|
Born in Domodossola |
(NO) |
on 23/03/1949 |
- Fiscal Code : PLLMSM49C23D332A |
|
|
Residence: |
Bruno Canuto |
, 4 |
- 28845 |
Domodossola |
(VB) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
Mandirola |
Pietro |
|
|
Born in Tortona |
(AL) |
on 26/02/1939 |
- Fiscal Code : MNDPTR39B26L304O |
|
|
Residence: |
Mentana |
, 8 |
- 20123 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
FARINI |
ATANASIO |
|
|
Born in CASALECCHIO DI RENO |
(BO) |
on 01/11/1924 |
- Fiscal Code : FRNTNS24S01B880B |
|
|
Residence: |
SEMPIONE |
, 33 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Daffra |
Antonio |
|
|
Born in Lodi |
(MI) |
on 11/03/1941 |
- Fiscal Code : DFFNTN41C11E648T |
|
|
Residence: |
Gaio |
, 10 |
- 20129 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
PORRINI |
SERGIO |
|
|
Born in GALLARATE |
(VA) |
on 23/10/1935 |
- Fiscal Code : PRRSRG35R23D869I |
|
|
Residence: |
FATEBENEFRATELLI |
, 9 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
Ottolini |
Ivano |
|
|
Born in Desio |
(MB) |
on 21/07/1960 |
- Fiscal Code : TTLVNI60L21D286I |
|
|
Residence: |
Buonarroti |
, 2 |
- 20053 |
Muggio' |
(MB) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
POLLI |
MAURO |
|
|
Born in DOMODOSSOLA |
(NO) |
on 08/09/1952 |
- Fiscal Code : PLLMRA52P08D332P |
|
|
Residence: |
SCAPACCINO |
, 44 |
- 28845 |
Domodossola |
(VB) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
|
Porrini |
Sergio |
|
|
Born in Gallarate |
(VA) |
on 23/10/1935 |
- Fiscal Code : PRRSRG35R23D869I |
|
|
Residence: |
Fatebenefratelli |
, 9 |
- 20121 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
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 1947
The economic-financial analysis has been made on the base of the b/s of
the latests three years.
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 9,9% in 2013
The operating result was positive in the last financial year (9,02%) and
reflects the field's average.
The operating result is positive and amounts to Eur. 499.763 showing a
fall as opposed to the previous year (-30,19%).
A gross operating margine for a value of Eur. 754.526 was reached. ,
with a -23,11% decrease.
Very good financial situation: shareholder's equity covers short-terms
debts with an indebtedness level equal to 0,04 and with an upward trend
compared to the previous year.
It's shareholders funds amount to Eur. 2.752.475 on the same levels as
the year before.
Total indebtedness totalled Eur. 1.931.185, showing a stable trend as
opposed to 2012 (Eur. 2.048.891).
Bank exsposure is limited and the suppliers' credit is modest too, 85,76
gg. is the payment average period which is also lower than the sector average.
The management determines a good range of liquidity.
Trade credits average terms are slow, on average 90,54 days. anyway
lower as opposed to the average of the sector.
The financial management generated a cash flow of Eur. 527.345.
Subordinate employment cost is of Eur. 2.074.382, i.e. 34,56% on total
production costs. , whereas the incidence on sales revenues is of 32,16%.
The financial management has a limited economic impact, equal to -0,61%
on the sales.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.450.857 |
|
Profit (Loss) for the period |
272.582 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.955.717 |
|
Profit (Loss) for the period |
491.442 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.655.297 |
|
Profit (Loss) for the period |
228.615 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.929.489 |
|
Profit (Loss) for the period |
48.056 |
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 |
0,13 |
0,13 |
0,18 |
0,24 |
|
Elasticity Ratio |
Units |
0,82 |
0,82 |
0,79 |
0,72 |
|
Availability of stock |
Units |
0,01 |
0,01 |
0,01 |
0,19 |
|
Total Liquidity Ratio |
Units |
0,80 |
0,81 |
0,78 |
0,45 |
|
Quick Ratio |
Units |
0,33 |
0,30 |
0,18 |
0,02 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
0,04 |
0,17 |
0,41 |
1,93 |
|
Self Financing Ratio |
Units |
0,50 |
0,46 |
0,45 |
0,25 |
|
Capital protection Ratio |
Units |
0,68 |
0,56 |
0,60 |
0,71 |
|
Liabilities consolidation quotient |
Units |
0,27 |
0,27 |
0,43 |
0,23 |
|
Financing |
Units |
0,70 |
0,83 |
0,88 |
2,69 |
|
Permanent Indebtedness Ratio |
Units |
0,59 |
0,56 |
0,60 |
0,42 |
|
M/L term Debts Ratio |
Units |
0,09 |
0,10 |
0,15 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
0,00 |
1,12 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
4,70 |
4,42 |
3,37 |
1,56 |
|
Current ratio |
Units |
2,35 |
2,15 |
2,18 |
1,24 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
2,31 |
2,13 |
2,15 |
0,87 |
|
Structure's primary quotient |
Units |
3,95 |
3,61 |
2,51 |
1,01 |
|
Treasury's primary quotient |
Units |
0,94 |
0,80 |
0,49 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
201,37 |
217,01 |
222,11 |
407,34 |
|
Current Capital ( net ) |
Value |
2.606.459 |
2.362.618 |
1.954.343 |
387.489 |
|
RETURN |
|||||
|
Return on Sales |
% |
8,17 |
10,88 |
7,56 |
2,88 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
9,90 |
19,82 |
11,08 |
2,51 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
16,73 |
30,45 |
19,81 |
9,26 |
|
Return on Investment ( R.O.I. ) |
% |
9,02 |
13,30 |
8,34 |
3,77 |
|
Return/ Sales |
% |
7,75 |
10,29 |
5,74 |
3,77 |
|
Extra Management revenues/charges incid. |
% |
54,54 |
68,65 |
59,82 |
21,16 |
|
Cash Flow |
Value |
527.345 |
756.944 |
503.308 |
79.355 |
|
Operating Profit |
Value |
499.763 |
715.906 |
382.161 |
112.730 |
|
Gross Operating Margin |
Value |
754.526 |
981.408 |
656.854 |
210.674 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
90,54 |
92,68 |
98,85 |
117,72 |
|
Debts to suppliers average term |
Days |
85,76 |
82,10 |
71,35 |
111,36 |
|
Average stock waiting period |
Days |
4,53 |
2,64 |
2,62 |
76,26 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,16 |
1,29 |
1,45 |
1,01 |
|
Rate of stock return |
Units |
79,39 |
136,38 |
137,39 |
4,65 |
|
Labour cost incidence |
% |
32,16 |
28,54 |
29,05 |
14,67 |
|
Net financial revenues/ charges incidence |
% |
-0,61 |
0,58 |
0,40 |
-1,77 |
|
Labour cost on purchasing expenses |
% |
34,56 |
31,55 |
30,58 |
14,77 |
|
Short-term financing charges |
% |
2,55 |
n.c. |
n.c. |
3,20 |
|
Capital on hand |
% |
85,92 |
77,37 |
68,86 |
98,20 |
|
Sales pro employee |
Value |
100.794 |
112.188 |
110.921 |
213.243 |
|
Labour cost pro employee |
Value |
32.412 |
32.014 |
32.221 |
32.119 |
Remarks
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.
Market
/ Territory Data
|
Population living in the province |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
Monthly family expences 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 1.146 significant companies.
The companies cash their credits on an average of 118 dd.
The average duration of suppliers debts is about 111 dd.
The sector's profitability is on an average of 2,88%.
The labour cost affects the turnover in the measure of 14,67%.
Goods are held in stock in a range of 76 dd.
The difference between the sales volume and the resources used to
realize it is about 1,01.
The employees costs represent the 14,77% of the production costs.
Statistical
Detrimental Data
Statistically the trade activity passes through serious crises.
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.61.70 |
|
|
1 |
Rs.93.41 |
|
Euro |
1 |
Rs.71.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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.