MIRA INFORM REPORT
|
Report No. : |
344961 |
|
Report Date : |
15.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
LEMIE - S.P.A. |
|
|
|
|
Registered Office : |
Via Camozzi, 2, 24049 – Verdello (BG) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
16.04.1977 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
· Manufacture of luggage, handbags and similars, leathergoods and sadd lery · Retail sale of leatherwear and luggage |
|
|
|
|
No. of Employees : |
From 131 to 150 |
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 |
Company
name and address
|
Lemie
- S.p.a. |
|
Via |
Camozzi, |
2
|
|
24049 |
-
Verdello |
(BG) |
-IT- |
Summary
|
Fiscal
Code |
: |
00583700166 |
|
Legal
Form |
: |
Joint
stock company |
|
start
of Activities |
: |
15/03/1976 |
|
Equity |
: |
Over
2.582.254 |
|
Turnover
Range |
: |
15.500.000/18.000.000
|
|
Number
of Employees |
: |
from
131 to 150 |
Activity
Manufacture
of luggage, handbags and similars, leathergoods and sadd lery
Retail
sale of leatherwear and luggage
Legal
Data
Legal
Form : Joint stock company
|
Register
of Handcraft firms : 50950 |
|
Register
of Handcraft firms : 50950 of Bergamo |
|
Warranty
Association : 100 of Bergamo |
|
Fiscal
Code : 00583700166 |
|
Foreign
Trade Reg. no. : BG014184 since 31/12/1991 |
|
Foreign
Trade Reg. no. : 014184 of Bergamo since 31/12/1991 |
|
Chamber
of Commerce no. : 158061 of Bergamo since 17/03/1976 |
|
Chamber
of Commerce no. : 451073 of Brescia |
|
Chamber
of Commerce no. : 1556304 of Milano |
|
Chamber
of Commerce no. : 1691689 of Milano |
|
Firms'
Register : BG024-11960 of Bergamo since 19/02/1996 |
|
V.A.T.
Code : 00583700166 |
|
Tribunal
Co. Register : 11960 of |
|
Foundation
date |
:
16/04/1977 |
|
|
Establishment
date |
:
16/04/1977 |
|
|
Start
of Activities |
:
15/03/1976 |
|
|
Legal
duration |
:
31/12/2087 |
|
|
Nominal
Capital |
:
2.786.400 |
|
|
Subscribed
Capital |
:
2.786.400 |
|
|
Paid
up Capital |
:
2.786.400 |
|
Legal
mail : |
AMMINISTRAZIONE@PEC.LEMIE.IT |
Members
|
|
Co.ro.
5 S.r.l. |
|
|
: |
Angelo
Maj |
,
14/D |
-
24121 |
Bergamo |
(BG) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Partner |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Bettinelli |
Giuseppe |
|
|
Born
in Adrara San Martino |
(BG) |
on
03/03/1945 |
-
Fiscal Code : BTTGPP45C03D588W |
|
|
Residence: |
Marconi |
,
6 |
-
24030 |
Brembate
di Sopra |
(BG) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
23/04/2013 |
||
|
Board
Chairman |
23/04/2013 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Bettinelli |
Massimo |
|
|
Born
in Bergamo |
(BG) |
on
30/05/1972 |
-
Fiscal Code : BTTMSM72E30A794G |
|
|
Residence: |
Guglielmo
Marconi |
,
6 |
-
24030 |
Brembate
di Sopra |
(BG) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
23/04/2013 |
|
|
Bettinelli |
Veronica |
|
|
Born
in Bergamo |
(BG) |
on
19/04/1975 |
-
Fiscal Code : BTTVNC75D59A794K |
|
|
Residence: |
Guglielmo
Marconi |
,
6 |
-
24030 |
Brembate
di Sopra |
(BG) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
23/04/2013 |
|
|
Coffetti |
Sergio |
|
|
Born
in Verdello |
(BG) |
on
14/10/1949 |
-
Fiscal Code : CFFSRG49R14L753B |
|
|
Residence: |
I
Maggio |
,
8 |
-
24049 |
Verdello |
(BG) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
23/04/2013 |
|
|
No
Prejudicial events are reported |
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.
|
|
Bettinelli |
Giuseppe |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
C.e.m.i.
Costruzioni Generali S.r.l. |
Bergamo
(BG) - IT - |
01307590164 |
Director |
Withdrawn |
Registered |
|
La
Compagnia Delle Pelli Spa |
Bonate
Sopra (BG) - IT - |
04491581007 |
Director |
Active |
Registered |
|
La
Compagnia Delle Pelli Spa |
Bonate
Sopra (BG) - IT - |
04491581007 |
Board
Chairman |
Active |
Registered |
|
Ita
S.r.l. - In Liquidazione |
Bergamo
(BG) - IT - |
02750720167 |
Sole
Director |
Withdrawn |
Ceased |
|
Ita
S.r.l. - In Liquidazione |
Bergamo
(BG) - IT - |
02750720167 |
Liquidator |
Withdrawn |
Ceased |
|
Ita
S.r.l. - In Liquidazione |
Bergamo
(BG) - IT - |
02750720167 |
Sole
partner |
Withdrawn |
Ceased |
|
O'hara
S.r.l.-in Liquidazione |
Clusone
(BG) - IT - |
00927020164 |
Liquidator |
Withdrawn |
Ceased |
|
La
Compagnia Delle Pelli Logistic S.r.l. |
Bonate
Sopra (BG) - IT - |
02864810169 |
Sole
Director |
Withdrawn |
Ceased |
|
La
Compagnia Delle Pelli Logistic S.r.l. |
Bonate
Sopra (BG) - IT - |
02864810169 |
Sole
partner |
Withdrawn |
Ceased |
|
Record
S.p.a. |
Bonate
Sotto (BG) - IT - |
01551190166 |
Attorney
General |
Withdrawn |
Ceased |
|
Cdp
Per Roma 1 S.r.l. |
Verdello
(BG) - IT - |
02960230163 |
Director |
Withdrawn |
Ceased |
|
CDP
PER CAGLIARI 1 S.R.L. |
Verdello
(BG) - IT - |
02968200168 |
Director |
Withdrawn |
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.
Capital
Shareholders
Shareholders'
list as at date of data collection:
|
Firm's
Style / Name |
Seat
/ Residence |
Fiscal
Code |
Owned
Shares |
%
Ownership |
|
Co.ro.
5 S.r.l. |
Bergamo
- IT - |
01010530168 |
696.600
.Eur |
25,00 |
|
Bettinelli
Giuseppe |
Brembate
di Sopra - IT - |
BTTGPP45C03D588W |
2.089.800
.Eur |
75,00 |
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 |
|
Marlon
S.R.L. |
Rimini
- IT - |
01083120400 |
90.000.000
.Eur |
20,00 |
Active |
Firm's
location and structure
In
order to carry out its activities the firm uses the following locations:
|
- |
Legal
and operative seat |
|
Camozzi |
,
2 |
-
24049 |
-
Verdello |
(BG) |
-
IT - |
|
PHONE |
:
035/489553 |
|
PHONE |
:
035871451 |
|
PHONE |
:
0354822711 |
|
FAX |
:
0354822710 |
|
Legal
mail |
:
AMMINISTRAZIONE@PEC.LEMIE.IT |
|
- |
Branch |
(Factory) |
since
21/12/1988 |
|
Dell'artigianato |
-
24049 |
-
Verdello |
(BG) |
-
IT - |
|
PHONE |
:
035871451 |
|
- |
Branch |
(Warehouse) |
since
14/12/2009 |
until
01/06/1992 |
|
Camozzi |
,
13/14/15 |
-
24049 |
-
Verdello |
(BG) |
-
IT - |
|
- |
Branch |
(Store) |
since
29/12/1995 |
|
Dell'artigianato
Ang.v.fantoni |
,
Loc: RAVAROLO |
-
24049 |
-
Verdello |
(BG) |
-
IT - |
|
PHONE |
:
035871151 |
|
Employees |
:
132 |
|
Fittings
and Equipment for a value of 800.000 |
Eur |
|
Stocks
for a value of 5.730.000 |
Eur |
|
Vehicles
for a value of 34.000 |
Eur |
The
firm operates abroad as importer / exporter..
To
purchase foreign products the firm uses the following channels :
|
-
its own agents |
Export
represents more than 50% of the global turnover.
Products
abroad are placed by :
|
-
its own agents |
Export
is mainly towards:
|
-
Italy |
|
-
Belgium |
|
-
Great Britain |
|
-
Austria |
|
-
Poland |
|
-
France |
Historical
Information and/or Firm's Status
CHANGES
TO THE LEGAL FORM:
|
Former
legal form |
New
legal form |
Changement
Date |
|
General
partnership |
Joint
stock company |
23/07/1987 |
COMPANY
STYLE MODIFICATIONS:
|
Former
Style |
New
Style |
Changement
Date |
|
Lemie
di Rovaris Claudio e Fulvio S.n.c. |
23/07/1987 |
CEASINGS/INCORPORATIONS/MERGES:
|
|
The
firm absorbed by merging of |
|
|
Date
|
:
|
23/12/1988 |
|
|
The
firm absorbed by merging of |
|
|
|
|
Camozzi |
,
2 |
,
24049 |
,
Verdello |
(BG) |
-
IT - |
|
|
Date
|
:
|
23/12/1988 |
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
The
company is active since 1976
The
eonomic-financial analysis is based on the latest 3 b/s.
Last
two financial years were marked by losses; in 2014 r.o.e. is -2,57%.
The
operating result in 2014 was positive (2,03%) and reflects the field's average.
The
amount of the operating result is equal to Eur. 423.399 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. 812.718 with a
32,45% increase as opposed to the preceding year.
The
analysis shows a fair financial position as the indebtedness volume is
acceptable (1,63) yet on the increase as against the previous accounting
period.
Subject
can manage an equity capital funds for an amount of Eur. 5.642.749 on the same
levels as the year before.
In
the year 2014 total debts amounted to Eur. 14.255.183 showing a stable trend as
opposed to 2013 (Eur. 13.760.850).
Bank
borrowings' volume is slightly high but it modestly dips into suppliers credit,
85,39 gg. is the payments' average time lined up with the sector.
The
management determines a good range of liquidity.
Trade
credits average terms are slow, on average 119,38 days. but on the same levels
as the average of the sector.
The
financial management generated a cash flow of Eur. 244.127.
Labour
cost amounts to Eur. 3.984.752, with a 23,94% incidence on production costs. ,
whereas the incidence of such costs on sales revenues is equal to 23,59%.
The
financial management is marked by a high incidence of financial charges in
relation to sales revenues (-2,22%).
Financial
Data
|
|
Complete
balance-sheet for the year |
al
31/12/2014 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
16.889.198 |
|
Profit
(Loss) for the period |
-145.192 |
|
|
Complete
balance-sheet for the year |
al
31/12/2013 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
15.877.045 |
|
Profit
(Loss) for the period |
-113.062 |
|
|
Complete
balance-sheet for the year |
al
31/12/2012 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
16.742.081 |
|
Profit
(Loss) for the period |
-473.286 |
|
|
Complete
balance-sheet for the year |
al
31/12/2011 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
16.229.456 |
|
Profit
(Loss) for the period |
-394.409 |
|
|
Complete
balance-sheet for the year |
al
31/12/2010 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
20.849.315 |
|
Profit
(Loss) for the period |
-960.500 |
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 31/12/2014 - 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 |
0,39 |
0,41 |
0,40 |
0,18 |
|
Elasticity
Ratio |
Units |
0,60 |
0,58 |
0,60 |
0,80 |
|
Availability
of stock |
Units |
0,27 |
0,29 |
0,27 |
0,20 |
|
Total
Liquidity Ratio |
Units |
0,33 |
0,30 |
0,33 |
0,51 |
|
Quick
Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,02 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net
Short-term indebtedness |
Units |
1,63 |
1,37 |
1,37 |
2,38 |
|
Self
Financing Ratio |
Units |
0,27 |
0,28 |
0,27 |
0,24 |
|
Capital
protection Ratio |
Units |
0,53 |
0,54 |
0,61 |
0,68 |
|
Liabilities
consolidation quotient |
Units |
0,62 |
0,82 |
0,91 |
0,18 |
|
Financing |
Units |
2,53 |
2,38 |
2,49 |
2,86 |
|
Permanent
Indebtedness Ratio |
Units |
0,55 |
0,60 |
0,61 |
0,38 |
|
M/L
term Debts Ratio |
Units |
0,28 |
0,32 |
0,34 |
0,11 |
|
Net
Financial Indebtedness Ratio |
Units |
1,91 |
1,89 |
1,95 |
1,00 |
|
CORRELATION |
|||||
|
Fixed
assets ratio |
Units |
1,39 |
1,47 |
1,54 |
1,78 |
|
Current
ratio |
Units |
1,36 |
1,51 |
1,61 |
1,25 |
|
Acid
Test Ratio-Liquidity Ratio |
Units |
0,74 |
0,77 |
0,87 |
0,84 |
|
Structure's
primary quotient |
Units |
0,69 |
0,69 |
0,69 |
1,07 |
|
Treasury's
primary quotient |
Units |
0,00 |
0,00 |
0,00 |
0,03 |
|
Rate
of indebtedness ( Leverage ) |
% |
369,79 |
354,37 |
365,85 |
408,81 |
|
Current
Capital ( net ) |
Value |
3.332.460 |
4.013.285 |
4.894.733 |
312.424 |
|
RETURN |
|||||
|
Return
on Sales |
% |
1,45 |
1,82 |
0,16 |
2,67 |
|
Return
on Equity - Net- ( R.O.E. ) |
% |
-2,57 |
-1,95 |
-8,02 |
3,20 |
|
Return
on Equity - Gross - ( R.O.E. ) |
% |
0,03 |
0,52 |
-6,76 |
8,58 |
|
Return
on Investment ( R.O.I. ) |
% |
2,03 |
1,03 |
-1,19 |
4,36 |
|
Return/
Sales |
% |
2,51 |
1,33 |
-1,54 |
3,63 |
|
Extra
Management revenues/charges incid. |
% |
-34,29 |
-53,44 |
n.c. |
23,99 |
|
Cash
Flow |
Value |
244.127 |
288.937 |
26.954 |
112.609 |
|
Operating
Profit |
Value |
423.399 |
211.560 |
-257.784 |
127.644 |
|
Gross
Operating Margin |
Value |
812.718 |
613.559 |
242.456 |
230.719 |
|
MANAGEMENT |
|||||
|
Credits
to clients average term |
Days |
119,38 |
107,11 |
125,25 |
101,46 |
|
Debts
to suppliers average term |
Days |
85,39 |
69,76 |
76,78 |
94,66 |
|
Average
stock waiting period |
Days |
122,04 |
133,07 |
127,04 |
56,34 |
|
Rate
of capital employed return ( Turnover ) |
Units |
0,81 |
0,77 |
0,78 |
1,34 |
|
Rate
of stock return |
Units |
2,95 |
2,71 |
2,83 |
6,30 |
|
Labour
cost incidence |
% |
23,59 |
24,26 |
23,49 |
12,44 |
|
Net
financial revenues/ charges incidence |
% |
-2,22 |
-1,27 |
-1,39 |
-1,48 |
|
Labour
cost on purchasing expenses |
% |
23,94 |
24,53 |
23,42 |
12,90 |
|
Short-term
financing charges |
% |
2,64 |
1,47 |
1,60 |
3,49 |
|
Capital
on hand |
% |
123,55 |
129,19 |
128,95 |
74,43 |
|
Sales
pro employee |
Value |
136.203 |
132.308 |
137.230 |
253.464 |
|
Labour
cost pro employee |
Value |
32.135 |
32.091 |
32.238 |
32.147 |
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 923 significant companies.
The
companies cash their credits on an average of 101 dd.
The
average duration of suppliers debts is about 95 dd.
The
sector's profitability is on an average of 2,67%.
The
labour cost affects the turnover in the measure of 12,44%.
Goods
are held in stock in a range of 56 dd.
The
difference between the sales volume and the resources used to realize it is
about 1,34.
The
employees costs represent the 12,90% 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
4.150.
The
insolvency index for the region is 0,55, , while for the province it is 0,41.
Total
Bankrupt companies in the province : 4.376.
Total
Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.11 |
|
UK Pound |
1 |
Rs.99.50 |
|
Euro |
1 |
Rs.74.24 |
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.