MIRA INFORM REPORT
|
Report No. : |
304430 |
|
Report Date : |
20.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
PRESMA S.P.A. |
|
|
|
|
Registered Office : |
Via Delle Industrie, 8/10 Torba, 21040 - Gornate-Olona (VA) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
20.10.1967 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture of moulds, mould-holders, profiles, shapes for machines |
|
|
|
|
No. of Employee : |
From 36 to 50 |
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
PRESMA S.P.A.
Via Delle Industrie, 8/10 TORBA
21040 - Gornate-Olona (VA) -IT-
Summary
|
Fiscal Code |
: |
00222350126 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
20/10/1967 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
7.750.000/9.000.000 |
|
Number of Employees |
: |
from 36 to 50 |
Activity
Manufacture of moulds, mould-holders, profiles, shapes for machines
Legal
Data
Legal Form : Joint stock company
|
Fiscal Code : 00222350126 |
|
Foreign Trade Reg. no. : VA000441 since 25/11/1991 |
|
Foreign Trade Reg. no. : 441 of Varese since 25/11/1991 |
|
Chamber of Commerce no. : 107134 of Varese since 06/11/1967 |
|
Firms' Register : VA133-5247 of Varese since 19/02/1996 |
|
V.A.T. Code : 00222350126 |
|
Tribunal Co. Register : 5247 of |
|
Foundation date |
: 20/10/1967 |
|
|
Establishment date |
: 20/10/1967 |
|
|
Start of Activities |
: 20/10/1967 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 300.000 |
|
|
Subscribed Capital |
: 300.000 |
|
|
Paid up Capital |
: 300.000 |
Members
|
|
Canziani |
Giannino |
|
|
Born in Gornate-Olona |
(VA) |
on 08/12/1927 |
- Fiscal Code : CNZGNN27T08E104I |
|
|
Residence: |
Sally Mayer |
, 4 |
- 21049 |
Tradate |
(VA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
29/05/2013 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Canziani |
Giorgio |
|
|
Born in Tradate |
(VA) |
on 23/03/1958 |
- Fiscal Code : CNZGRG58C23L319G |
|
|
Residence: |
Santa Monica |
, 6 |
- 21040 |
Gornate-Olona |
(VA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
28/10/2014 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Canziani |
Franco |
|
|
Born in Tradate |
(VA) |
on 22/01/1958 |
- Fiscal Code : CNZFNC58A22L319H |
|
|
Residence: |
Brin Benedetto |
, 4 |
- 21049 |
Tradate |
(VA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
28/10/2014 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
Companies
connected to members *
*checkings have been performed on a national scale.
In this module the companies in which members hold/held positions are listed.
The Members of the subject firm are not reported to be Members in other
companies.
Capital
Shareholders
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Presma S.p.a. |
Gornate-Olona - IT - |
00222350126 |
30.000 .Eur |
10,00 |
|
Canziani Giorgio |
Gornate-Olona - IT - |
CNZGRG58C23L319G |
62.000 .Eur |
20,66 |
|
Canziani Franco |
Tradate - IT - |
CNZFNC58A22L319H |
54.000 .Eur |
18,00 |
|
CANZIANI LUCIA |
Tradate - IT - |
CNZLCU61P65L319Z |
50.000 .Eur |
16,66 |
|
CANZIANI MARIA CRISTINA |
Tradate - IT - |
CNZMCR55M43L319G |
50.000 .Eur |
16,66 |
|
CANZIANI ENRICA |
Tradate - IT - |
CNZNRC66H54L319A |
54.000 .Eur |
18,00 |
|
Presma S.p.a. |
00222350126 |
30.000 .Eur |
10,00 |
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 |
|
Presma S.p.a. |
Gornate-Olona - IT - |
00222350126 |
30.000 .Eur |
10,00 |
Active |
Firm's
location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
(Factory) |
|
Delle Industrie |
, 8/10 |
- 21040 |
- Gornate-Olona |
(VA) |
- IT - |
|
PHONE |
: 0331811611 |
|
PHONE |
: 0331811000 |
|
FAX |
: 0331820026 |
|
- |
Branch |
(Factory) |
since 29/03/1979 |
until 01/03/1988 |
|
Varese |
, 19 |
- 21046 |
- Malnate |
(VA) |
- IT - |
|
Employees |
: 46 |
|
Assistants |
: 1 |
|
Fittings and Equipment for a value of 90.000 |
Eur |
|
Stocks for a value of 2.760.000 |
Eur |
|
Furniture and fittings for a value of 44.000 |
Eur |
|
Vehicles for a value of 85.000 |
Eur |
Trade organization: direct or by agents.
Transports are mainly done using own vehicles and third parties ones
The company 's mainly customers are companies.
Export represents more than 50% of the global turnover.
Products abroad are placed by :
|
- its own sales net-work |
|
- its own agents |
|
- its own foreign branches |
|
- direct orders from foreign companies |
|
|
Purchase terms: 60-90-120 days.
The most used payment modality is the bank transfer one.
Import comes generally from the following nations:
|
- France |
|
- Germany |
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 |
12/12/1979 |
EX-MEMBERS / EX-POSITIONS:
|
|
Canziani |
Giannino |
|
|
Born in Gornate-Olona |
(VA) |
on 08/12/1927 |
- Fiscal Code : CNZGNN27T08E104I |
|
|
Residence: |
Sally Mayer |
, 4 |
- 21049 |
Tradate |
(VA) |
- IT - |
|
Ex-Postions |
|
Chairman |
|
Sole Director |
|
|
Canziani |
Carlo |
|
|
Born in Tradate |
(VA) |
on 19/04/1948 |
- Fiscal Code : CNZCRL48D19L319S |
|
|
Residence: |
B. Brin |
- 21049 |
Tradate |
(VA) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
Canziani |
Enzo |
|
|
Born in Tradate |
(VA) |
on 16/06/1954 |
- Fiscal Code : CNZNZE54H16L319P |
|
|
Residence: |
Della Stria |
- 21049 |
Tradate |
(VA) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
Canziani |
Giorgio |
|
|
Born in Tradate |
(VA) |
on 23/03/1958 |
- Fiscal Code : CNZGRG58C23L319G |
|
|
Residence: |
Santa Monica |
, 6 |
- 21040 |
Gornate-Olona |
(VA) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
Capobianco |
Angela |
|
|
Born in Fontanarosa |
(AV) |
on 11/01/1947 |
- Fiscal Code : CPBNGL47A51D671C |
|
|
Residence: |
Guicciardini Francesco |
, 4 |
- 20129 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Tagliabue |
Giorgio |
|
|
Born in Como |
(CO) |
on 10/12/1938 |
- Fiscal Code : TGLGRG38T10C933E |
|
|
Residence: |
Xx Settembre |
, 6 |
- 22075 |
Lurate Caccivio |
(CO) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
Canziani |
Franco |
|
|
Born in Tradate |
(VA) |
on 22/01/1958 |
- Fiscal Code : CNZFNC58A22L319H |
|
|
Residence: |
Brin Benedetto |
, 4 |
- 21049 |
Tradate |
(VA) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
Canziani |
Luciano |
|
|
Born in Gornate-Olona |
(VA) |
on 08/12/1927 |
- Fiscal Code : CNZLCN27T08E104Y |
|
Ex-Postions |
|
Sole Director |
|
|
Avantaggiato |
Antonio |
|
|
Born in Corigliano d'Otranto |
(LE) |
on 22/02/1942 |
- Fiscal Code : VNTNTN42B22D006K |
|
|
Residence: |
Ponte Seveso |
, 40 |
- 20125 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Grube |
Giorgio |
|
|
Born in Milano |
(MI) |
on 26/06/1948 |
- Fiscal Code : GRBGRG48H26F205W |
|
|
Residence: |
Vicenza |
, 3 |
- 21021 |
Angera |
(VA) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Sacchetti |
Ferruccio |
|
|
Born in Casatenovo |
(CO) |
on 15/11/1958 |
- Fiscal Code : SCCFRC58S15B943K |
|
|
Residence: |
Cesare Cantu' |
, 9 |
- 23873 |
Missaglia |
(LC) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Tonolini |
Alessandro |
|
|
Born in Varese |
(VA) |
on 11/03/1967 |
- Fiscal Code : TNLLSN67C11L682E |
|
|
Residence: |
Maspero |
, 5 |
- 21100 |
Varese |
(VA) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Canziani |
Giannino |
|
|
Born in Gornate-Olona |
(VA) |
on 08/12/1927 |
- Fiscal Code : CNZGNN27T08L208E |
|
|
Residence: |
Leoncavallo |
, 14 |
- 21049 |
Tradate |
(VA) |
- IT - |
|
Ex-Postions |
|
Sole Director |
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of merging by taking over of |
|
|
|
|
DELLE INDUSTRIE |
, 21040 |
, Gornate-Olona |
(VA) |
- IT - |
|
|
Fiscal Code: 01546760123 |
|
|
Date |
Merging/splitting-up project: |
23/06/1998 |
|
|
The firm absorbed by merging of |
|
|
|
|
DELLE INDUSTRIE |
, 21040 |
, Gornate-Olona |
(VA) |
- IT - |
|
|
Fiscal Code: 01546760123 |
|
|
Date |
: |
26/11/1998 |
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 1967
The eonomic-financial analysis is based on the latest 3 b/s.
Unstable economic results mark the company's financial state of affairs.
with a profit (r.o.e. 7,7%) in the last financial year Upward trend as to the
turnover in the last financial year (+30,83%).
The operating result in 2013 was positive (7,21%) and reflects the
field's average.
An operating result of Eur. 493.042 has been registered. with a more
then 100% growth.
The gross operating margin of the latest financial year is of Eur.
675.142 with a more then 100% increase as opposed to the preceding year.
The company has an excellent net worth if compared to its debts, with a
low indebtedness (0,9) and with an upward trend compared to the previous year.
The equity capital is equal to Eur. 3.193.239 , unchanged if compared to
2012.
Total debts recorded amounted to Eur. 3.021.767 (Eur. 84.334 of which
were m/l term debts) as opposed to Eur. 4.755.119 in 2012, with a decrease
equal to -36,45%.
The company does not exceed in bank borrowings; the recourse to
suppliers' credit is also limited below the sector's average.
The management determines a good range of liquidity.
As to due from customers, the average terms are 39,1 days. , a value
lower than the sector's average.
During financial year 2013 the cash flow amounted to Eur. 427.163
During 2013 financial year labour costs amounted to Eur. 2.539.018, with
a 32,71% incidence on production costs. , whereas the incidence of such costs
on sales revenues is equal to 29,5%.
Financial charges have a limited incidence (-0,59%) on sales volume.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
8.607.724 |
|
Profit (Loss) for the period |
246.026 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.579.252 |
|
Profit (Loss) for the period |
9.769 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.293.825 |
|
Profit (Loss) for the period |
-487.017 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
7.838.249 |
|
Profit (Loss) for the period |
-103.540 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
0,36 |
0,31 |
0,40 |
0,25 |
|
Elasticity Ratio |
Units |
0,64 |
0,69 |
0,60 |
0,72 |
|
Availability of stock |
Units |
0,40 |
0,36 |
0,40 |
0,17 |
|
Total Liquidity Ratio |
Units |
0,23 |
0,32 |
0,20 |
0,50 |
|
Quick Ratio |
Units |
0,03 |
0,01 |
0,02 |
0,02 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
0,90 |
1,50 |
1,14 |
2,61 |
|
Self Financing Ratio |
Units |
0,47 |
0,35 |
0,42 |
0,21 |
|
Capital protection Ratio |
Units |
0,83 |
0,89 |
1,06 |
0,71 |
|
Liabilities consolidation quotient |
Units |
0,23 |
0,21 |
0,20 |
0,24 |
|
Financing |
Units |
0,95 |
1,61 |
1,14 |
3,54 |
|
Permanent Indebtedness Ratio |
Units |
0,57 |
0,47 |
0,52 |
0,40 |
|
M/L term Debts Ratio |
Units |
0,10 |
0,11 |
0,09 |
0,12 |
|
Net Financial Indebtedness Ratio |
Units |
0,22 |
0,57 |
0,40 |
0,84 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,58 |
1,50 |
1,31 |
1,46 |
|
Current ratio |
Units |
1,48 |
1,29 |
1,25 |
1,20 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,54 |
0,61 |
0,41 |
0,85 |
|
Structure's primary quotient |
Units |
1,30 |
1,14 |
1,07 |
0,86 |
|
Treasury's primary quotient |
Units |
0,06 |
0,02 |
0,05 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
214,18 |
282,79 |
237,08 |
477,50 |
|
Current Capital ( net ) |
Value |
1.405.996 |
1.297.369 |
825.463 |
239.373 |
|
RETURN |
|||||
|
Return on Sales |
% |
4,96 |
3,15 |
-3,84 |
4,32 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
7,70 |
0,33 |
-16,58 |
4,61 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
13,86 |
3,47 |
-19,90 |
17,61 |
|
Return on Investment ( R.O.I. ) |
% |
7,21 |
1,18 |
-8,07 |
4,75 |
|
Return/ Sales |
% |
5,73 |
1,49 |
-8,93 |
4,25 |
|
Extra Management revenues/charges incid. |
% |
49,90 |
9,94 |
n.c. |
18,91 |
|
Cash Flow |
Value |
427.163 |
207.350 |
-241.779 |
138.084 |
|
Operating Profit |
Value |
493.042 |
98.260 |
-562.274 |
154.078 |
|
Gross Operating Margin |
Value |
675.142 |
296.583 |
-316.296 |
301.188 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
39,10 |
112,89 |
43,77 |
110,83 |
|
Debts to suppliers average term |
Days |
70,15 |
128,94 |
106,27 |
121,75 |
|
Average stock waiting period |
Days |
115,28 |
165,50 |
160,20 |
60,34 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,26 |
0,79 |
0,90 |
1,12 |
|
Rate of stock return |
Units |
3,12 |
2,18 |
2,25 |
5,95 |
|
Labour cost incidence |
% |
29,50 |
37,33 |
39,94 |
21,94 |
|
Net financial revenues/ charges incidence |
% |
-0,59 |
-1,09 |
-0,35 |
-1,47 |
|
Labour cost on purchasing expenses |
% |
32,71 |
36,49 |
37,74 |
22,33 |
|
Short-term financing charges |
% |
1,75 |
1,59 |
0,91 |
2,84 |
|
Capital on hand |
% |
79,46 |
126,68 |
110,65 |
89,18 |
|
Sales pro employee |
Value |
108.958 |
86.569 |
80.690 |
165.709 |
|
Labour cost pro employee |
Value |
32.139 |
32.312 |
32.231 |
32.656 |
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 1.023 significant companies.
The companies cash their credits on an average of 111 dd.
The average duration of suppliers debts is about 122 dd.
The sector's profitability is on an average of 4,32%.
The labour cost affects the turnover in the measure of 21,94%.
Goods are held in stock in a range of 60 dd.
The difference between the sales volume and the resources used to
realize it is about 1,12.
The employees costs represent the 22,33% of the production costs.
Statistical
Detrimental Data
Statistcally the trade activity shows periods of crisis.
The area is statistically considered moderately risky.
In the region 50.886 protested subjects are found; in the province they
count to 4.597.
The insolvency index for the region is 0,55, , while for the province it
is 0,55.
Total Bankrupt companies in the province : 3.052.
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 : |
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.