|
Report No. : |
351504 |
|
Report Date : |
26.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
FURRER S.P.A. |
|
|
|
|
Registered Office : |
Via Covetta, 2
Avenza, 54031 – Carrara (MS) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
10.03.1961 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Cutting
and Carving of Stone and Marble. |
|
|
|
|
No. of Employees : |
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 : |
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 |
FURRER S.P.A.
Via Covetta, 2 AVENZA
54031 - Carrara (MS) -IT-
|
Fiscal
Code |
: |
00173980459 |
|
Legal
Form |
: |
Joint
stock company |
|
start
of Activities |
: |
10/03/1961 |
|
Equity |
: |
Over
2.582.254 |
|
Turnover
Range |
: |
15.500.000/18.000.000
|
|
Number
of Employees |
: |
from
36 to 50 |
Cutting
and carving of stone and marble
Legal
Form : Joint stock company
|
Fiscal
Code : 00173980459 |
|
Foreign
Trade Reg. no. : 3982 of Massa since 04/02/1992 |
|
Chamber
of Commerce no. : 45220 of Aosta |
|
Chamber
of Commerce no. : 144541 of Cuneo |
|
Chamber
of Commerce no. : 171459 of Macerata |
|
Chamber
of Commerce no. : 49677 of Massa since 08/04/1961 |
|
Chamber
of Commerce no. : 834619 of Roma |
|
Chamber
of Commerce no. : 306475 of Salerno |
|
Firms'
Register : MS010-2477 of Massa since 19/02/1996 |
|
V.A.T.
Code : 00173980459 |
|
Tribunal
Co. Register : 247761 of |
|
Foundation
date |
:
10/03/1961 |
|
|
Establishment
date |
:
10/03/1961 |
|
|
Start
of Activities |
:
10/03/1961 |
|
|
Legal
duration |
:
31/12/2025 |
|
|
Nominal
Capital |
:
2.000.000 |
|
|
Subscribed
Capital |
:
2.000.000 |
|
|
Paid
up Capital |
:
2.000.000 |
|
Legal
mail : |
FURRER@PEC.FURRER.IT |
|
|
Escavazione
Marmi Calocara S.r.l. |
|
|
Residence: |
Covetta |
,
2 BIS |
-
54033 |
Carrara |
(MS) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Partner |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Mazzi |
Gino |
|
|
Born
in Massa |
(MS) |
on
23/05/1942 |
-
Fiscal Code : MZZGNI42E23F023O |
|
|
Residence: |
Monteverde |
,
26 |
-
54033 |
Carrara |
(MS) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
22/05/2014 |
||
|
Board
Chairman |
22/05/2014 |
||
|
Managing
Director |
22/05/2014 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Brizzi |
Rina |
|
|
Born
in Carrara |
(MS) |
on
09/09/1953 |
-
Fiscal Code : BRZRNI53P49B832B |
|
|
Residence: |
Monteverde |
,
26 |
-
54033 |
Carrara |
(MS) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
22/05/2014 |
|
|
Tioli |
Pierluigi |
|
|
Born
in Carrara |
(MS) |
on
24/01/1960 |
-
Fiscal Code : TLIPLG60A24B832U |
|
|
Residence: |
Trento |
,
89 |
-
54100 |
Massa |
(MS) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
22/05/2014 |
*checkings
have been performed on a national scale.
In
this module are listed the companies in which members hold or have holded
positions.
|
|
Mazzi |
Gino |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Perona
Marmi - S.r.l. |
Verrayes
(AO) - IT - |
00067180075 |
Director |
Active |
Registered |
|
Escavazione
Marmi Campanili - S.r.l. |
Carrara
(MS) - IT - |
00104550454 |
Director |
Active |
Registered |
|
Escavazione
Marmi Campanili - S.r.l. |
Carrara
(MS) - IT - |
00104550454 |
Board
Chairman |
Active |
Registered |
|
Escavazione
Marmi Fossa Ficola S.r.l. |
Carrara
(MS) - IT - |
00115710451 |
Director |
Active |
Registered |
|
Escavazione
Marmi Fossa Ficola S.r.l. |
Carrara
(MS) - IT - |
00115710451 |
Board
Chairman |
Active |
Registered |
|
Escavazione
Marmi Calocara S.r.l. |
Carrara
(MS) - IT - |
00194360459 |
Director |
Active |
Registered |
|
F.b.
Cave - S.r.l. |
Carrara
(MS) - IT - |
00374100451 |
Director |
Active |
Registered |
|
Iride
Di Gino Mazzi eamp; C. S.A.S. |
-
- |
00466040458 |
General
Partner |
Withdrawn |
Registered |
|
Colonna
S.r.l. |
Carrara
(MS) - IT - |
01299700458 |
Director |
Active |
Registered |
|
Banco
Bianco Bettogli S.r.l. |
Carrara
(MS) - IT - |
01306220458 |
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.
Shareholders'
list as at date of data collection:
|
Firm's
Style / Name |
Seat
/ Residence |
Fiscal
Code |
Owned
Shares |
%
Ownership |
|
Furrer
S.p.a. |
Carrara
- IT - |
00173980459 |
143.940
.Eur |
7,19 |
|
Escavazione
Marmi Calocara S.r.l. |
Carrara
- IT - |
00194360459 |
1.181.820
.Eur |
59,09 |
|
Mazzi
Gino |
Carrara
- IT - |
MZZGNI42E23F023O |
530.300
.Eur |
26,51 |
|
Brizzi
Rina |
Carrara
- IT - |
BRZRNI53P49B832B |
143.940
.Eur |
7,19 |
The
Company under review has participations in the following Companies:
|
Firm's
Style |
Seat |
Fiscal
Code |
Owned
Shares Amount |
%
Ownership |
since
|
until
|
Share
Status |
|
Furrer
S.p.a. |
Carrara
- IT - |
00173980459 |
143.940
.Eur |
7,19 |
Active |
||
|
Internazionale
Marmi E Macchine - Carrar a S.p.a. |
Carrara
- IT - |
00207170457 |
180
.Eur |
Active |
|||
|
Perona
Marmi - S.r.l. |
Verrayes
- IT - |
00067180075 |
45.000
.Eur |
50,00 |
Active |
||
|
CONSORZIO
INDUSTRIALE SMALTIMENTO MARMET TOLA ( CISM ) SOCIETA' A R.L. |
Carrara
- IT - |
00571460450 |
5.972
.Eur |
5,98 |
Active |
||
|
Consorzio
Per La Tutela Del Marmo Del Di stretto Di Carrara |
01212830457 |
Active |
In
order to carry out its activities the firm uses the following locations:
|
- |
Legal
and operative seat |
|
Covetta |
,
2 |
-
54033 |
-
Carrara |
(MS) |
-
IT - |
|
TELEX |
:
5800445 |
|
PHONE |
:
0585858494 |
|
FAX |
:
058552027 |
|
Legal
mail |
:
FURRER@PEC.FURRER.IT |
|
- |
Branch |
(Factory) |
|
Covetta |
,
Loc: AVENZA |
-
54033 |
-
Carrara |
(MS) |
-
IT - |
|
PHONE |
:
0585858495 |
|
PHONE |
:
0585858484 |
|
PHONE |
:
0585858494 |
|
PHONE |
:
097571120 |
|
- |
Branch |
(Quarry) |
since
01/06/1987 |
|
-
11023 |
-
Chambave |
(AO) |
-
IT - |
|
- |
Branch |
(Quarry) |
since
05/10/1952 |
|
-
12021 |
-
Acceglio |
(CN) |
-
IT - |
|
- |
Branch |
(Warehouse) |
since
01/09/1999 |
|
Fontana
Delle Barre |
-
84030 |
-
Atena Lucana |
(SA) |
-
IT - |
|
- |
Branch |
(Workshop) |
since
09/11/2004 |
|
Argine
Destro Carrione |
,
1 |
-
54033 |
-
Carrara |
(MS) |
-
IT - |
|
- |
Branch |
(Warehouse) |
since
01/07/2008 |
|
Enzo
Ferrari |
,
SNC |
-
62012 |
-
Civitanova Marche |
(MC) |
-
IT - |
|
- |
Branch |
(Warehouse) |
since
01/09/2005 |
|
Della
Campanella |
,
16 |
-
00012 |
-
Guidonia Montecelio |
(RM) |
-
IT - |
|
Employees |
:
47 |
|
Assistants |
:
1 |
|
Fittings
and Equipment for a value of 730.000 |
Eur |
|
Stocks
for a value of 5.730.000 |
Eur |
Trade
organization: direct or by agents.
Sales
area on a national scale.
Transports
are mainly done using own vehicles and third parties ones
The
company mainly supplies to building companies.
To
purchase foreign products the firm uses the following channels :
|
-
distributors |
Export
represents from 20% to 50% of the global turnover.
Products
abroad are placed by :
|
-
its own sales net-work |
Company
uses to accept the following term of sales: 30-60-90 days.
Company
generally pays its suppliers within 30/90 days.
Main
used payment modalities are by cash orders and bank transfers.
Import
comes generally from the following nations:
|
-
Hungary |
|
-
Greece |
|
-
Ireland |
|
-
Somalia |
Export
is mainly towards:
|
-
France |
|
-
Belgium |
COMPANY
STYLE MODIFICATIONS:
|
Former
Style |
New
Style |
Changement
Date |
|
Giuseppe
Furrer S.p.a. |
30/04/1990 |
CEASINGS/INCORPORATIONS/MERGES:
|
|
The
firm absorved |
|
|
Date
|
:
|
16/10/1986 |
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.
Subject
is active since 1961
Balance
sheets for the years 2012, 2013 and 2014 were analyzed.
Under
an economic point of view, profits were registered during the last years with a
r.o.e. of 8,17% in 2014
The
operating result in 2014 was positive (11,02%) and in line with the sector's
average.
The
amount of the operating result is equal to Eur. 2.183.979 showing a fall as
opposed to the previous year (-47,69%).
The
G.O.M. amounted to Eur. 2.524.342 , with a -44,18% decrease.
Indebtedness
is scanty since debts are lower than liquidity.
It's
shareholders funds amount to Eur. 15.702.589 , unchanged if compared to 2013.
Total
indebtedness totalled Eur. 3.577.364, , with no sensible variation.
Bank
and suppliers credit recourse is limited, 50,03 gg. is payment average period
which is also lower than the sector average.
The
liquidity level is positive (4,5).
On
average trade credits are collected in 73,05 days. , that compared to the
sector's average is shorter.
The
financial management generated a cash flow of Eur. 1.623.755.
During
2014 financial year labour costs amounted to Eur. 2.562.475, with a 17,16%
incidence on production costs. , whereas the incidence on sales revenues is of
15,07%.
The
incidence of the financial charges is of -0,36% on the sales amount.
|
|
Complete
balance-sheet for the year |
al
31/12/2014 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
17.005.664 |
|
Profit
(Loss) for the period |
1.283.392 |
|
|
Complete
balance-sheet for the year |
al
31/12/2013 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
18.699.618 |
|
Profit
(Loss) for the period |
2.500.947 |
|
|
Complete
balance-sheet for the year |
al
31/12/2012 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
15.771.834 |
|
Profit
(Loss) for the period |
1.465.581 |
|
|
Complete
balance-sheet for the year |
al
31/12/2011 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
15.355.427 |
|
Profit
(Loss) for the period |
2.066.010 |
|
|
Complete
balance-sheet for the year |
al
31/12/2010 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
16.079.316 |
|
Profit
(Loss) for the period |
3.484.552 |
From
our constant monitoring of the relevant Public Administration offices, no more
recent balance sheets result to have been filed.
|
-
Balance Sheet as at 31/12/2014 - 12 Mesi - Currency: - Amounts x 1 |
|
-
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
RATIOS |
Value
Type |
as
at 31/12/2014 |
as
at 31/12/2013 |
as
at 31/12/2012 |
Sector
Average |
|
COMPOSITION
ON INVESTMENT |
|||||
|
Rigidity
Ratio |
Units |
0,17 |
0,16 |
0,17 |
0,29 |
|
Elasticity
Ratio |
Units |
0,81 |
0,82 |
0,80 |
0,69 |
|
Availability
of stock |
Units |
0,29 |
0,29 |
0,31 |
0,23 |
|
Total
Liquidity Ratio |
Units |
0,52 |
0,53 |
0,50 |
0,41 |
|
Quick
Ratio |
Units |
0,32 |
0,28 |
0,25 |
0,01 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net
Short-term indebtedness |
Units |
n.c. |
n.c. |
0,02 |
1,78 |
|
Self
Financing Ratio |
Units |
0,79 |
0,77 |
0,70 |
0,27 |
|
Capital
protection Ratio |
Units |
0,79 |
0,70 |
0,72 |
0,69 |
|
Liabilities
consolidation quotient |
Units |
0,14 |
0,15 |
0,17 |
0,23 |
|
Financing |
Units |
0,23 |
0,27 |
0,39 |
2,41 |
|
Permanent
Indebtedness Ratio |
Units |
0,82 |
0,80 |
0,74 |
0,46 |
|
M/L
term Debts Ratio |
Units |
0,03 |
0,03 |
0,04 |
0,13 |
|
Net
Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,98 |
|
CORRELATION |
|||||
|
Fixed
assets ratio |
Units |
4,82 |
5,09 |
4,42 |
1,51 |
|
Current
ratio |
Units |
4,50 |
4,05 |
3,11 |
1,20 |
|
Acid
Test Ratio-Liquidity Ratio |
Units |
2,90 |
2,62 |
1,92 |
0,75 |
|
Structure's
primary quotient |
Units |
4,67 |
4,90 |
4,17 |
0,83 |
|
Treasury's
primary quotient |
Units |
1,76 |
1,38 |
0,95 |
0,02 |
|
Rate
of indebtedness ( Leverage ) |
% |
126,24 |
130,37 |
143,01 |
366,48 |
|
Current
Capital ( net ) |
Value |
12.536.701 |
12.023.153 |
9.669.244 |
233.017 |
|
RETURN |
|||||
|
Return
on Sales |
% |
9,55 |
15,23 |
11,84 |
3,37 |
|
Return
on Equity - Net- ( R.O.E. ) |
% |
8,17 |
16,76 |
11,80 |
3,34 |
|
Return
on Equity - Gross - ( R.O.E. ) |
% |
12,94 |
25,90 |
18,43 |
11,22 |
|
Return
on Investment ( R.O.I. ) |
% |
11,02 |
21,47 |
12,42 |
4,00 |
|
Return/
Sales |
% |
12,84 |
22,33 |
13,98 |
4,88 |
|
Extra
Management revenues/charges incid. |
% |
58,76 |
59,89 |
66,47 |
19,82 |
|
Cash
Flow |
Value |
1.623.755 |
2.847.707 |
1.867.504 |
65.183 |
|
Operating
Profit |
Value |
2.183.979 |
4.175.584 |
2.204.801 |
108.595 |
|
Gross
Operating Margin |
Value |
2.524.342 |
4.522.344 |
2.606.724 |
167.146 |
|
MANAGEMENT |
|||||
|
Credits
to clients average term |
Days |
73,05 |
79,36 |
82,48 |
131,41 |
|
Debts
to suppliers average term |
Days |
50,03 |
50,53 |
70,14 |
111,40 |
|
Average
stock waiting period |
Days |
121,37 |
108,92 |
124,05 |
96,30 |
|
Rate
of capital employed return ( Turnover ) |
Units |
0,86 |
0,96 |
0,89 |
0,84 |
|
Rate
of stock return |
Units |
2,97 |
3,31 |
2,90 |
3,72 |
|
Labour
cost incidence |
% |
15,07 |
12,66 |
15,51 |
14,94 |
|
Net
financial revenues/ charges incidence |
% |
-0,36 |
-0,32 |
-0,52 |
-2,29 |
|
Labour
cost on purchasing expenses |
% |
17,16 |
16,10 |
17,87 |
14,35 |
|
Short-term
financing charges |
% |
1,74 |
1,50 |
1,82 |
3,61 |
|
Capital
on hand |
% |
116,56 |
104,01 |
112,60 |
118,11 |
|
Sales
pro employee |
Value |
212.570 |
256.159 |
207.524 |
209.056 |
|
Labour
cost pro employee |
Value |
32.030 |
32.417 |
32.195 |
33.287 |
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 |
:
|
200.644 |
|
Population
living in the region |
:
|
3.598.269 |
|
Number
of families in the region |
:
|
1.474.681 |
Monthly
family expences average in the region (in Eur..) :
|
-
per food products |
:
|
444 |
|
-
per non food products |
:
|
2.009 |
|
-
per energy consume |
:
|
122 |
The
values are calculated on a base of 588 significant companies.
The
companies cash their credits on an average of 131 dd.
The
average duration of suppliers debts is about 111 dd.
The
sector's profitability is on an average of 3,37%.
The
labour cost affects the turnover in the measure of 14,94%.
Goods
are held in stock in a range of 96 dd.
The
difference between the sales volume and the resources used to realize it is
about 0,84.
The
employees costs represent the 14,35% of the production costs.
Statistcally
the trade activity shows periods of crisis.
The
area is statistically considered moderately risky.
In
the region 24.960 protested subjects are found; in the province they count to
1.432.
The
insolvency index for the region is 0,70, , while for the province it is 0,72.
Total
Bankrupt companies in the province : 1.056.
Total
Bankrupt companies in the region : 20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.38 |
|
|
1 |
Rs.100.45 |
|
Euro |
1 |
Rs.70.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
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.