|
Report No. : |
330401 |
|
Report Date : |
10.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
WINOA ITALIA S.P.A. |
|
|
|
|
Registered Office : |
Via Caravaggio, 2/B, 20832 – Desio (MB) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
09.07.1980 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
From 16 to 25 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
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 |
|
WINOA ITALIA S.P.A. |
|
Via |
Caravaggio, |
2/B |
|
20832 |
- Desio |
(MB) |
-IT- |
|
Fiscal Code |
: |
05890860157 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
09/07/1980 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
25.000.000/35.000.000 |
|
Number of Employees |
: |
from 16 to 25 |
Production of abrasive products
Wholesale of metalliferous minerals, ferrous metals and semi-finished
products
Legal Form : Joint stock company
|
Fiscal Code : 05890860157 |
|
Foreign Trade Reg. no. : MB014483 since 11/12/1991 |
|
Foreign Trade Reg. no. : 29591 of Milano since 11/12/1991 |
|
Chamber of Commerce no. : 502738 of Bari |
|
Chamber of Commerce no. : 379202 of Bergamo |
|
Chamber of Commerce no. : 365298 of Brescia |
|
Chamber of Commerce no. : 148105 of Lucca |
|
Chamber of Commerce no. : 1047811 of Monza e Brianza since 20/07/2007 |
|
Chamber of Commerce no. : 1047811 of Milano since 03/09/1980 |
|
Chamber of Commerce no. : 364547 of Modena |
|
Chamber of Commerce no. : 119311 of Massa |
|
Chamber of Commerce no. : 123161 of Massa |
|
Chamber of Commerce no. : 78523 of Ragusa |
|
Chamber of Commerce no. : 1188345 of Roma |
|
Chamber of Commerce no. : 130375 of Siena |
|
Chamber of Commerce no. : 167084 of Sassari |
|
Chamber of Commerce no. : 1117516 of Torino |
|
Chamber of Commerce no. : 353424 of Venezia |
|
Chamber of Commerce no. : 244112 of Verona |
|
Firms' Register : MI149-18226 of Milano since 19/02/1996 |
|
V.A.T. Code : 00808450969 |
|
Foundation date |
: 09/07/1980 |
|
|
Establishment date |
: 09/07/1980 |
|
|
Start of Activities |
: 09/07/1980 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 1.042.634 |
|
|
Subscribed Capital |
: 1.042.634 |
|
|
Paid up Capital |
: 1.042.634 |
|
Legal mail : |
WINOAITALIA@LEGALMAIL.IT |
|
Cereda |
Paola |
|
Born in Monza |
(MB) |
on 17/11/1970 |
- Fiscal Code : CRDPLA70S57F704A |
|
Residence: |
Traversi |
, 14 |
- 20832 |
Desio |
(MB) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
17/03/1995 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Wheelabrator Allevard S.A. |
|
Born in Sampierdarena |
( ) |
on 15/00/1990 |
- Fiscal Code : 91068190155 |
|
Fiscal residence: |
Bartolucci |
, 29/D |
- 00100 |
Roma |
(RM) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Arnaud |
Patrick Rene' Joseph |
|
Born in Jallieu |
( ) |
on 05/12/1954 |
- Fiscal Code : RNDPRC54T05Z110U |
|
Residence: |
Berna |
, 10 |
- 24040 |
Verdellino |
(BG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
28/06/2012 |
||
|
Director |
28/06/2012 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Fayard |
Pierre Yves |
|
Born in Valence |
( ) |
on 26/04/1962 |
- Fiscal Code : FYRPRY62D26Z110E |
|
Residence: |
8 Rue Charles Lory |
Grenoble |
- FR - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/06/2012 |
||
|
Managing Director |
12/07/2012 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Mantovani |
Emilio |
|
Born in Milano |
(MI) |
on 27/04/1964 |
- Fiscal Code : MNTMLE64D27F205D |
|
Residence: |
Beata G. Beretta Molla |
, 51 |
- 20013 |
Magenta |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
29/05/2009 |
||
|
Director |
28/06/2012 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Wa S.a.s. |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Guida |
Daniela Cristina |
|
Born in Monza |
(MB) |
on 01/02/1965 |
- Fiscal Code : GDUDLC65B41F704U |
|
Residence: |
Parada |
, 31 |
- 20854 |
Vedano Al Lambro |
(MB) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
02/04/2012 |
|
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.
|
Arnaud |
Patrick Rene' Joseph |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Wheelabrator Allevard Italia S.r.l. In Liquidazione |
Desio (MB) - IT - |
07730450017 |
Liquidator |
Withdrawn |
Registered |
|
W. Diamant Italia S.r.l. |
Verdellino (BG) - IT - |
03835930169 |
Sole Director |
Active |
Registered |
|
Fayard |
Pierre Yves |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
P.a. S.r.l. In Liquidazione |
Milano (MI) - IT - |
05733510969 |
Liquidator |
Active |
Registered |
|
Partecipazioni Industriali Holding S.r.l. (od In Breve P.i.h. S.r .l.) |
Milano (MI) - IT - |
05733520968 |
Sole Director |
Active |
Registered |
The indication "REGISTERED" as Firm Status could refer to Firms in Liquidation, Active, Inactive.
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 |
|
Wheelabrator Allevard S.A. |
Roma - IT - |
91068190155 |
786.621 .Eur |
75,44 |
|
Cocco S.r.l. |
Desio - IT - |
07060710964 |
314 .Eur |
0,03 |
|
Wa S.a.s. |
91085680154 |
255.698 .Eur |
24,52 |
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares
Amount |
% Ownership |
since |
until |
Share Status |
|
Internazionale Marmi E Macchine - Carrar a S.p.a. |
Carrara - IT - |
00207170457 |
10.573 .Eur |
0,03 |
Active |
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
since 09/07/1980 |
|
Caravaggio |
, 2/B |
- 20033 |
- Desio |
(MB) |
- IT - |
|
Legal mail |
: WINOAITALIA@LEGALMAIL.IT |
|
- |
Legal and operative seat |
until 28/06/2012 |
|
Garibaldi |
, 6/C |
- 20033 |
- Desio |
(MB) |
- IT - |
|
- |
Branch |
(Administrative office) |
since 01/10/2008 |
|
Como |
, 1 |
- 20054 |
- Nova Milanese |
(MB) |
- IT - |
|
- |
Branch |
(Sales office) |
since 29/12/2009 |
|
Perlan |
, 55 |
- 30100 |
- Venezia |
(VE) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 01/03/1996 |
|
Campagnon |
, 10 |
- 37100 |
- Verona |
(VR) |
- IT - |
|
- |
Branch |
(Store) |
since 29/12/2009 |
|
Crosara |
, 54 |
- 37023 |
- Grezzana |
(VR) |
- IT - |
|
Employees |
: 19 |
|
Fittings and Equipment for a value of 230.000 |
Eur |
|
Stocks for a value of 1.730.000 |
Eur |
|
Furniture and fittings for a value of 52.000 |
Eur |
|
Vehicles for a value of 180.000 |
Eur |
The firm operates abroad as importer / exporter..
To purchase foreign products the firm uses the following channels :
|
- distributors |
|
- its own foreign branches |
|
- direct orders to foreign companies |
Export represents up to 20% of the global turnover.
Products abroad are placed by :
|
- importers |
|
- trading companies |
|
- its own sales net-work |
|
- direct orders from foreign companies |
Import comes generally from the following nations:
|
- Italy |
|
- Austria |
Export is mainly towards:
|
- Italy |
|
- France |
|
- Gabon |
|
- Greece |
|
- Ireland |
|
- |
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Other forms |
Joint stock company |
11/11/1980 |
COMPANY STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Abrasivi Metallici Industriali S.p.A. |
Milgrandi S.p.A. |
01/01/2005 |
CEASINGS/INCORPORATIONS/MERGES:
|
Project of merging by taking over of |
|
Nuove Trafilerie di Valmadrera S.R.L. |
|
ZANELLA |
, 90 |
, 20033 |
, Desio |
(MB) |
- IT - |
|
Fiscal Code: 01193470133 |
|
Date |
Merging/splitting-up project: |
16/09/1999 |
|
The firm absorbed by merging of |
|
PARTECIPAZIONI INDUSTRIALI SRL |
|
ZANELLA |
, 0090 |
, 20033 |
, Desio |
(MB) |
- IT - |
|
Fiscal Code: 07680550154 |
|
Date |
: |
24/01/2000 |
|
Project of merging by taking over of |
|
W. DIAMANT S.R.L. |
|
Berna ang. via Bruxelles |
, 10 |
, 24040 |
, Verdellino |
(BG) |
- IT - |
|
Fiscal Code: 00223380163 |
|
Date |
Merging/splitting-up project: |
25/06/2007 |
|
The firm absorbed by merging of |
|
W. DIAMANT S.R.L. |
|
Berna ang. via Bruxelles |
, 10 |
, 24040 |
, Verdellino |
(BG) |
- IT - |
|
Fiscal Code: 00223380163 |
|
Date |
: |
15/11/2007 |
|
Project of merging by taking over of |
|
P.a. S.r.l. In Liquidazione |
|
Stendhal Enrico |
, 65 |
, 20144 |
, Milano |
(MI) |
- IT - |
|
Fiscal Code: 05733510969 |
|
Date |
Merging/splitting-up project: |
29/06/2009 |
|
The firm absorbed by merging of |
|
MT TRASFORMAZIONE METALLI SRL |
|
LEONCAVALLO |
, 62 |
, 20033 |
, Desio |
(MB) |
- IT - |
|
Fiscal Code: 02405260965 |
|
Date |
: |
01/12/2009 |
|
Resolution of merging of |
|
P.a. S.r.l. In Liquidazione |
|
Stendhal Enrico |
, 65 |
, 20144 |
, Milano |
(MI) |
- IT - |
|
Fiscal Code: 05733510969 |
|
Date |
: |
24/07/2009 |
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.
The company is active since 1980
The economic-financial analysis has been made on the base of the b/s of
the latests three years.
Last two financial years were marked by losses; in 2013 r.o.e. is
-11,11%. Losses are due to turnover decrease registered over the last years.
The return on Investment in the last financial year was positive (2,22%)
and reflects the field's average.
The operating result is positive and amounts to Eur. 311.235 increasing
if compared to the yeart 2012.
The gross operating margin of the latest financial year is of Eur.
858.547 with a more then 100% growth.
Company's financial status is balanced since indebtedness is not high
(1,33) with an improving trend as on the decrease.
Subject can manage an equity capital funds for an amount of Eur.
5.010.009 , unchanged if compared to 2012.
Total indebtedness amounts to Eur. 7.581.363, with a downward trend if
compared to the preceding year (-58,7%).
Bank exsposure is limited and the suppliers' credit is modest too, 34,61
gg. is the payment average period which is also lower than the sector average.
The liquidity level is positive (1,78).
Trade credits are collected slowly, average term is 101,27 days. , as it
normally happens in the sector.
The financial management generated a negative cash flow (Eur. -380.827).
Labour cost amounts to Eur. 1.689.738, with a 5,5% incidence on
production costs. , whereas the incidence of such costs on sales revenues is
equal to 5,46%.
Limited financial charges in relation to sales volume.
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
30.964.862 |
|
Profit (Loss) for the period |
-556.435 |
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
37.595.088 |
|
Profit (Loss) for the period |
-1.816.454 |
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
43.344.624 |
|
Profit (Loss) for the period |
-1.198.838 |
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
42.241.801 |
|
Profit (Loss) for the period |
-1.332.469 |
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
28.638.845 |
|
Profit (Loss) for the period |
-599.093 |
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 |
0,04 |
0,02 |
0,08 |
0,11 |
|
Elasticity Ratio |
Units |
0,96 |
0,98 |
0,92 |
0,87 |
|
Availability of stock |
Units |
0,12 |
0,07 |
0,11 |
0,22 |
|
Total Liquidity Ratio |
Units |
0,84 |
0,90 |
0,80 |
0,56 |
|
Quick Ratio |
Units |
0,07 |
0,02 |
0,04 |
0,02 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
1,33 |
3,22 |
2,61 |
3,81 |
|
Self Financing Ratio |
Units |
0,36 |
0,22 |
0,25 |
0,17 |
|
Capital protection Ratio |
Units |
0,90 |
1,14 |
1,02 |
0,65 |
|
Liabilities consolidation quotient |
Units |
0,09 |
0,04 |
0,05 |
0,12 |
|
Financing |
Units |
1,51 |
3,30 |
2,76 |
4,72 |
|
Permanent Indebtedness Ratio |
Units |
0,40 |
0,25 |
0,29 |
0,30 |
|
M/L term Debts Ratio |
Units |
0,05 |
0,03 |
0,04 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
0,17 |
2,29 |
0,26 |
1,28 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
11,26 |
11,12 |
3,54 |
2,06 |
|
Current ratio |
Units |
1,78 |
1,36 |
1,33 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,56 |
1,26 |
1,16 |
0,84 |
|
Structure's primary quotient |
Units |
9,97 |
9,83 |
3,08 |
1,28 |
|
Treasury's primary quotient |
Units |
0,12 |
0,03 |
0,06 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
280,09 |
458,33 |
400,69 |
591,61 |
|
Current Capital ( net ) |
Value |
5.937.301 |
6.527.641 |
6.729.506 |
219.071 |
|
RETURN |
|||||
|
Return on Sales |
% |
-1,23 |
-1,63 |
0,38 |
2,22 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-11,11 |
-32,63 |
-16,24 |
6,27 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-7,16 |
-28,73 |
-15,13 |
15,95 |
|
Return on Investment ( R.O.I. ) |
% |
2,22 |
-6,31 |
-1,76 |
4,19 |
|
Return/ Sales |
% |
1,01 |
-4,28 |
-1,20 |
3,42 |
|
Extra Management revenues/charges incid. |
% |
-178,78 |
n.c. |
n.c. |
29,26 |
|
Cash Flow |
Value |
-380.827 |
-611.050 |
164.766 |
61.669 |
|
Operating Profit |
Value |
311.235 |
-1.609.902 |
-520.866 |
95.558 |
|
Gross Operating Margin |
Value |
858.547 |
16.490 |
1.319.317 |
144.934 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
101,27 |
95,54 |
113,38 |
120,94 |
|
Debts to suppliers average term |
Days |
34,61 |
27,19 |
154,59 |
120,04 |
|
Average stock waiting period |
Days |
20,10 |
17,43 |
28,23 |
61,92 |
|
Rate of capital employed return ( Turnover ) |
Units |
2,21 |
1,47 |
1,47 |
1,27 |
|
Rate of stock return |
Units |
17,91 |
20,65 |
12,75 |
5,74 |
|
Labour cost incidence |
% |
5,46 |
8,21 |
8,65 |
7,77 |
|
Net financial revenues/ charges incidence |
% |
-0,40 |
-0,85 |
-0,75 |
-1,26 |
|
Labour cost on purchasing expenses |
% |
5,50 |
8,03 |
8,60 |
7,90 |
|
Short-term financing charges |
% |
3,57 |
3,80 |
2,95 |
2,67 |
|
Capital on hand |
% |
45,32 |
67,86 |
68,25 |
78,39 |
|
Sales pro employee |
Value |
595.478 |
799.895 |
677.259 |
437.713 |
|
Labour cost pro employee |
Value |
32.494 |
65.681 |
58.555 |
33.928 |
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 |
: |
9.393.092 |
|
Population living in the region |
: |
0 |
|
Number of families in the region |
: |
0 |
Monthly family expences average in the region (in .) :
|
- per food products |
: |
0 |
|
- per non food products |
: |
0 |
|
- per energy consume |
: |
0 |
The values are calculated on a base of 6.137 significant companies.
The companies cash their credits on an average of 121 dd.
The average duration of suppliers debts is about 120 dd.
The sector's profitability is on an average of 2,22%.
The labour cost affects the turnover in the measure of 7,77%.
Goods are held in stock in a range of 62 dd.
The difference between the sales volume and the resources used to
realize it is about 1,27.
The employees costs represent the 7,90% of the production costs.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.51 |
|
UK Pound |
1 |
Rs.97.85 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
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.