MIRA INFORM REPORT
|
Report No. : |
329210 |
|
Report Date : |
24.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
CARLE E MONTANARI-OPM S.P.A. |
|
|
|
|
Registered Office : |
Via Trebbia, 22 LOCALITA' QUINTO STAMPI 20089 - Rozzano (MI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
19.12.1980 |
|
|
|
|
Legal Form : |
Joint stock company with sole shareholder |
|
|
|
|
Line of Business : |
Manufacture of machinery for the food, beverage and tobacco
industries. |
|
|
|
|
No. of Employee : |
From 251 to 500 |
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 |
Company
name and address
|
CARLE E MONTANARI-OPM S.P.A. |
|
Via Trebbia, 22 LOCALITA' QUINTO STAMPI 20089 - Rozzano (MI) -IT- |
Summary
|
Fiscal Code |
: |
04704190158 |
|
Legal Form |
: |
Joint stock company with sole shareholder |
|
start of Activities |
: |
19/12/1980 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
50.000.000/75.000.000 |
|
Number of Employees |
: |
from 251 to 500 |
Activity
Manufacture of machinery for the food, beverage and tobacco industries
Legal
Data
Legal Form : Joint stock company with sole shareholder
|
Fiscal Code : 04704190158 |
|
Foreign Trade Reg. no. : MI036547 since 13/12/1991 |
|
Foreign Trade Reg. no. : 36547 of Milano since 13/12/1991 |
|
Foreign Trade Reg. no. : 036547 of Milano since 13/12/1991 |
|
Chamber of Commerce no. : 133954 of Alessandria |
|
Chamber of Commerce no. : 249987 of Bergamo |
|
Chamber of Commerce no. : 266829 of Bologna |
|
Chamber of Commerce no. : 292384 of Cuneo |
|
Chamber of Commerce no. : 1031095 of Milano since 15/02/1980 |
|
Chamber of Commerce no. : 842897 of Torino |
|
Chamber of Commerce no. : 1163963 of Torino |
|
Firms' Register : MI146-201179 of Milano since 19/02/1996 |
|
V.A.T. Code : 04704190158 |
|
Tribunal Co. Register : 201179 of |
|
Foundation date |
: 05/02/1980 |
|
|
Establishment date |
: 05/02/1980 |
|
|
Start of Activities |
: 19/12/1980 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 600.000 |
|
|
Subscribed Capital |
: 600.000 |
|
|
Paid up Capital |
: 600.000 |
|
Legal mail : |
CARLE-MONTANARI@LEGALMAIL.IT |
Members
|
|
Rista |
Giovanni |
|
|
Born in Vezza d'Alba |
(CN) |
on 02/05/1953 |
- Fiscal Code : RSTGNN53E02L817B |
|
|
Residence: |
Trebbia |
, 22 |
- 20089 |
Rozzano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
22/05/2013 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Ercoli |
Simona |
|
|
Born in Motta di Livenza |
(TV) |
on 16/10/1971 |
- Fiscal Code : RCLSMN71R56F770J |
|
|
Residence: |
Tessitura |
, 1/B |
- 23875 |
Osnago |
(LC) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
29/06/2007 |
||
|
Director |
08/04/2014 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Mercanti |
Massimo |
|
|
Born in Citta' della Pieve |
(PG) |
on 10/09/1955 |
- Fiscal Code : MRCMSM55P10C744B |
|
|
Residence: |
Trebbia |
, 22 |
- 20089 |
Rozzano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
12/04/2013 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Abluton |
Aldo |
|
|
Born in Castelnuovo Calcea |
(AT) |
on 09/01/1957 |
- Fiscal Code : BLTLDA57A09C230S |
|
|
Residence: |
San Marzanotto |
, 293 A |
- 14100 |
Asti |
(AT) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
08/04/2014 |
||
|
Procurator |
18/06/2014 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Cmh S.r.l. |
|
|
: |
Luigi Carlo Farini |
, 11 |
- 40124 |
Bologna |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
02/08/2011 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Roncato |
Moreno |
|
|
Born in Treviso |
(TV) |
on 24/01/1956 |
- Fiscal Code : RNCMRN56A24L407X |
|
|
Residence: |
Imperial Oaks Drive |
, 2925 |
Raleigh |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
08/04/2014 |
||
|
Managing Director |
08/04/2014 |
||
|
Board Chairman |
08/04/2014 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Ruscazio |
Carlo Maria |
|
|
Born in Torino |
(TO) |
on 24/03/1966 |
- Fiscal Code : RSCCLM66C24L219U |
|
|
Residence: |
Trebbia |
, 22 |
- 20089 |
Rozzano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
12/04/2013 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Lumini |
Franco |
|
|
Born in Piacenza |
(PC) |
on 21/11/1970 |
- Fiscal Code : LMNFNC70S21G535Z |
|
|
Residence: |
Trebbia |
, 22 |
- 20089 |
Rozzano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
17/05/2013 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Davico |
Alessandro |
|
|
Born in Cuneo |
(CN) |
on 04/07/1970 |
- Fiscal Code : DVCLSN70L04D205Q |
|
|
Residence: |
Trebbia |
, 22 |
- 20089 |
Rozzano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
22/05/2013 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Sarotto |
Silvano |
|
|
Born in Cuneo |
(CN) |
on 16/05/1968 |
- Fiscal Code : SRTSVN68E16D205X |
|
|
Residence: |
Trebbia |
, 22 |
- 20089 |
Rozzano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
22/05/2013 |
|
|
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.
|
|
Cmh S.r.l. |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
O P M - S.p.a. |
Monticello d'Alba (CN) - IT - |
00582040044 |
Sole partner |
Active |
Registered |
|
|
Roncato |
Moreno |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Cmh S.r.l. |
Bologna (BO) - IT - |
03092521206 |
Director |
Active |
Registered |
|
Cmh S.r.l. |
Bologna (BO) - IT - |
03092521206 |
Managing
Director |
Active |
Registered |
|
Cmfima S.r.l. |
Imola (BO) - IT - |
03145781203 |
Director |
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 |
|
Cmh S.r.l. |
Bologna - IT - |
03092521206 |
100,00 |
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 |
|
Carle E Montanari Tech Spa |
10015050155 |
50,00 |
Active |
Firm's
location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
Trebbia |
, 22 |
- 20089 |
- Rozzano |
(MI) |
- IT - |
|
Legal mail |
: CARLE-MONTANARI@LEGALMAIL.IT |
|
- |
Branch |
(Factory) |
since 23/12/1980 |
|
Franchi Maggi |
, 44/46 |
- 20089 |
- Rozzano |
(MI) |
- IT - |
|
PHONE |
: 0284491 |
|
- |
Branch |
(Factory) |
since 01/10/2012 |
|
Statale 231 |
, 8/A |
- 12066 |
- Monticello d'Alba |
(CN) |
- IT - |
|
Employees |
: 275 |
|
Fittings and Equipment for a value of 960.000 |
Eur |
|
Stocks for a value of 18.620.000 |
Eur |
|
Work in progress for a value of 10.810.000 |
Eur |
The firm operates abroad as importer / exporter..
To purchase foreign products the firm uses the following channels :
|
- direct orders to foreign companies |
Export represents more than 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:
|
- Belgium |
The subject firm uses the following own selling brands:
|
- CARLE E MONTANARI |
Traded
Brands / Suppliers
|
- TEI SPA |
|
- GRATTAROLA CERIANI |
Historical Information and/or Firm's Status
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of merging by taking over of |
|
|
|
|
231 |
, 8/A |
, 12066 |
, Monticello d'Alba |
(CN) |
- IT - |
|
|
Fiscal Code: 00582040044 |
|
|
Date |
Merging/splitting-up project: |
26/04/2012 |
|
|
The firm absorbed by merging of |
|
|
|
|
231 |
, 8/A |
, 12066 |
, Monticello d'Alba |
(CN) |
- IT - |
|
|
Fiscal Code: 00582040044 |
|
|
Date |
: |
12/09/2012 |
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.
Bankers
The firm operates with:
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
BANCA POPOLARE DI MILANO |
AGENZIA 20 |
20100 |
Milano |
05584 |
01620 |
Financial
and Economical Analysis
Company's starting of activities dates back to 1980.
An eco-fin analysis has been made on the base od the b/s fo the years
2011, 2012 and 2013.
Under the financial profile unstable results are noted. yet with a
positive result in the 2013 (r.o.e. 20,92%). In the last financial year a drop
in sales has been registered (-7,42%).
The operating result was positive in the last financial year (5,66%) and
in line with the sector's average.
An operating result of Eur. 3.147.880 has been registered. showing an
upward trend more then 100% compared to the previous financial year.
The gross operating margin of the latest financial year is of Eur.
4.649.189 showing a 88,64% growth.
The ratio between shareholder's equity and borrowed capital is not well
balanced, the indebtedness level is equal to 7,72 falling if compared to 2012.
The equity capital is equal to Eur. 4.867.075 , rising by 26,45%.
During the last financial year debts totalled Eur. 42.043.726 (Eur.
509.825 of which were m/l term debts) on the same levels as the year before.
The recourse to financial credit is within the limits; on the other hand
the recourse to suppliers' credit is rated as fairly high and higher than
sector's average.
Liquid assets are good.
As far as the collection of credit goes, the average is high (122,8
days). but on the same levels as the average of the sector.
2013 financial year closed with a cash flow of Eur. 2.662.698
During 2013 financial year labour costs amounted to Eur. 18.545.059,
with a 25,46% incidence on production costs. and a 26,04% incidence on sales
volumes.
If compared to the sales volume (-0,84%), the impact of the financial charges is limited.
Financial Data
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
71.212.349 |
|
Profit (Loss) for the period |
1.018.281 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
76.922.276 |
|
Profit (Loss) for the period |
-340.004 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
27.399.177 |
|
Profit (Loss) for the period |
-813.563 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
21.226.788 |
|
Profit (Loss) for the period |
-4.023.414 |
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
21.619.101 |
|
Profit (Loss) for the period |
-3.508.495 |
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 |
0,08 |
0,13 |
0,08 |
0,18 |
|
Elasticity Ratio |
Units |
0,91 |
0,87 |
0,91 |
0,80 |
|
Availability of stock |
Units |
0,33 |
0,31 |
0,21 |
0,24 |
|
Total Liquidity Ratio |
Units |
0,58 |
0,56 |
0,70 |
0,48 |
|
Quick Ratio |
Units |
0,07 |
0,02 |
0,07 |
0,03 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
7,72 |
9,51 |
92,38 |
3,25 |
|
Self Financing Ratio |
Units |
0,09 |
0,08 |
0,01 |
0,19 |
|
Capital protection Ratio |
Units |
0,67 |
0,93 |
4,61 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,09 |
0,09 |
0,09 |
0,19 |
|
Financing |
Units |
8,64 |
9,79 |
101,36 |
3,80 |
|
Permanent Indebtedness Ratio |
Units |
0,16 |
0,14 |
0,08 |
0,36 |
|
M/L term Debts Ratio |
Units |
0,07 |
0,07 |
0,07 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
0,12 |
2,05 |
21,33 |
0,63 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,97 |
1,15 |
1,00 |
1,75 |
|
Current ratio |
Units |
1,22 |
1,16 |
1,09 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,78 |
0,75 |
0,84 |
0,81 |
|
Structure's primary quotient |
Units |
1,10 |
0,61 |
0,10 |
1,03 |
|
Treasury's primary quotient |
Units |
0,10 |
0,03 |
0,09 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
1142,42 |
1311,49 |
12147,57 |
516,42 |
|
Current Capital ( net ) |
Value |
9.319.166 |
6.143.842 |
1.780.131 |
422.465 |
|
RETURN |
|||||
|
Return on Sales |
% |
3,74 |
1,49 |
-0,15 |
3,35 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
20,92 |
-8,83 |
-423,08 |
5,13 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
47,53 |
-2,75 |
-287,75 |
14,77 |
|
Return on Investment ( R.O.I. ) |
% |
5,66 |
-0,28 |
-7,59 |
4,16 |
|
Return/ Sales |
% |
4,42 |
-0,18 |
-6,47 |
4,11 |
|
Extra Management revenues/charges incid. |
% |
32,35 |
n.c. |
n.c. |
28,57 |
|
Cash Flow |
Value |
2.662.698 |
1.147.186 |
-39.927 |
122.482 |
|
Operating Profit |
Value |
3.147.880 |
-141.898 |
-1.772.266 |
144.752 |
|
Gross Operating Margin |
Value |
4.649.189 |
2.464.552 |
-998.630 |
241.990 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
122,80 |
102,06 |
164,80 |
111,85 |
|
Debts to suppliers average term |
Days |
183,35 |
144,67 |
164,63 |
128,30 |
|
Average stock waiting period |
Days |
94,15 |
72,79 |
64,14 |
80,43 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,28 |
1,52 |
1,17 |
1,08 |
|
Rate of stock return |
Units |
3,82 |
4,95 |
5,61 |
4,45 |
|
Labour cost incidence |
% |
26,04 |
24,52 |
21,35 |
19,12 |
|
Net financial revenues/ charges incidence |
% |
-0,84 |
-0,68 |
-0,82 |
-1,08 |
|
Labour cost on purchasing expenses |
% |
25,46 |
24,89 |
19,36 |
19,02 |
|
Short-term financing charges |
% |
1,53 |
2,34 |
1,49 |
2,68 |
|
Capital on hand |
% |
78,08 |
65,62 |
85,26 |
91,91 |
|
Sales pro employee |
Value |
122.991 |
130.598 |
314.933 |
198.432 |
|
Labour cost pro employee |
Value |
32.029 |
32.018 |
67.251 |
35.779 |
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 |
: |
3.839.216 |
|
Population living in the region |
: |
9.393.092 |
|
Number of families in the region |
: |
3.858.736 |
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
460 |
|
- per non food products |
: |
2.090 |
|
- per energy consume |
: |
114 |
Sector
Data
The values are calculated on a base of 1.206 significant companies.
The companies cash their credits on an average of 112 dd.
The average duration of suppliers debts is about 128 dd.
The sector's profitability is on an average of 3,35%.
The labour cost affects the turnover in the measure of 19,12%.
Goods are held in stock in a range of 80 dd.
The difference between the sales volume and the resources used to
realize it is about 1,08.
The employees costs represent the 19,02% of the production costs.
Statistical
Detrimental Data
Statistcally the trade activity shows periods of crisis.
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.63.64 |
|
|
1 |
Rs.100.41 |
|
Euro |
1 |
Rs.71.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
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.