|
|
|
MIRA INFORM REPORT
|
Report No. : |
483958 |
|
Report Date : |
03.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
AMIK ITALIA S.P.A. |
|
|
|
|
Registered Office : |
Via Fantoli, 5 20138 –
Milano (MI) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
04.02.1972 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
·
Wholesale of chemical products ·
Wholesale of fertilizers and other
agricultural chemical products |
|
|
|
|
No. of Employees : |
From 71 to 90 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
Italy |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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, reaching 133% of GDP in 2016. 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 longstanding structural impediments to growth, such as labor market inefficiencies, a sluggish judicial system, and a weak banking sector. Italy’s economy returned to modest growth in late 2014 for the first time since late 2011. In 2015-16, Italy’s economy grew 0.7% each year. In 2016, overall unemployment was 11.7%, but youth unemployment remains high at 37.1%.
|
Source
: CIA |
Company
name and address
Amik Italia S.p.a.
Via Fantoli, 5
20138 - Milano (MI) -IT-
Summary
|
Fiscal Code |
: |
03212480150 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
04/02/1972 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
50.000.000/75.000.000 |
|
Number of Employees |
: |
from 71 to 90 |
Activity
Wholesale of chemical products
Wholesale of fertilizers and other agricultural chemical products
Legal
Data
Legal Form : Joint stock company
|
Fiscal Code : 03212480150 |
|
Foreign Trade Reg. no. : MI056305 since 19/12/1991 |
|
Foreign Trade Reg. no. : 56305 of Milano since 19/12/1991 |
|
Chamber of Commerce no. : 299419 of Como |
|
Chamber of Commerce no. : 943975 of Milano since 20/09/1976 |
|
Chamber of Commerce no. : 184563 of Piacenza |
|
Firms' Register : MI146-170899 of Milano since 19/02/1996 |
|
V.A.T. Code : 03212480150 |
|
Tribunal Co. Register : 170899 of |
|
Foundation date |
: 09/09/1976 |
|
|
Establishment date |
: 09/09/1976 |
|
|
Start of Activities |
: 04/02/1972 |
|
|
Legal duration |
: 31/12/2051 |
|
|
Nominal Capital |
: 2.800.000 |
|
|
Subscribed Capital |
: 2.800.000 |
|
|
Paid up Capital |
: 2.800.000 |
|
Legal mail : |
AMIKITALIA@RACCOMANDATA-AR.COM |
Members
|
|
De Agazio |
Alberto |
|
|
Born in Vicenza |
(VI) |
on 20/09/1942 |
- Fiscal Code : DGZLRT42P20L840W |
|
|
Residence: |
Eustachi Bartolomeo |
, 48 |
- 20129 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
10/03/1977 |
||
|
Director |
28/07/2016 |
||
|
Board Chairman |
28/07/2016 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Ferrari |
Claudio |
|
|
Born in Milano |
(MI) |
on 04/12/1951 |
- Fiscal Code : FRRCLD51T04C800C |
|
|
Residence: |
Cesarotti Melchiorre |
, 15 |
- 20127 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Serpieri |
Luca |
|
|
Born in Viterbo |
(VT) |
on 25/08/1966 |
- Fiscal Code : SRPLCU66M25M082S |
|
|
Residence: |
Piave |
, 28 |
- 01100 |
Viterbo |
(VT) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Auditor |
22/05/2014 |
|
|
De Agazio |
Mario |
|
|
Born in Aachen |
( ) |
on 24/03/1968 |
- Fiscal Code : DGZMRA68C24Z112W |
|
|
Residence: |
Vta Redonna |
, 270 |
San Paolo |
- BR - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/07/2016 |
|
|
De Agazio |
Arturo Nelson |
|
|
Born in Paderno Dugnano |
(MI) |
on 24/09/1971 |
- Fiscal Code : DGZRRN71P24G220Q |
|
|
Residence: |
Fantoli Gaudenzio |
, 5/7 |
- 20138 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/07/2016 |
||
|
Managing Director |
29/07/2016 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Gpa Societa' Semplice |
|
|
Residence: |
Gaudenzio Fantoli |
, 5 |
- 20138 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No Prejudicial events are reported |
|
|
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.
|
|
De Agazio |
Alberto |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Gpa Societa' Semplice |
Milano (MI) - IT - |
97583340159 |
Partner |
Active |
Registered |
|
|
De Agazio |
Arturo Nelson |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Gpa Societa' Semplice |
Milano (MI) - IT - |
97583340159 |
Partner |
Active |
Registered |
|
Bromochim Europe S.r.l. |
Milano (MI) - IT - |
05458410965 |
Sole Director |
Active |
Registered |
|
Amik Plastificanti S.r.l. |
Milano (MI) - IT - |
09173220964 |
Director |
Active |
Registered |
|
Amik Plastificanti S.r.l. |
Milano (MI) - IT - |
09173220964 |
Board Chairman |
Active |
Registered |
|
Gpa Immobiliare Societa' A Responsabilita' Limitata Semplificata |
Milano (MI) - IT - |
09913080967 |
Sole Director |
Active |
Registered |
|
Gpa Immobiliare Societa' A Responsabilita' Limitata Semplificata |
Milano (MI) - IT - |
09913080967 |
Sole partner |
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.
Capital
Shareholders
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Ferrari Claudio |
Milano - IT - |
FRRCLD51T04C800C |
700.000 .Eur |
25,00 |
|
Gpa Societa' Semplice |
Milano - IT - |
97583340159 |
2.100.000 .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 |
|
Trend Italia.com Srl |
Milano - IT - |
12945010150 |
67.058 .Eur |
19,95 |
Active |
Firm's
location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
since 09/09/1976 |
|
Fantoli |
, 5 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
PHONE |
: 025072921 |
|
FAX |
: 025063361 |
|
Legal mail |
: AMIKITALIA@RACCOMANDATA-AR.COM |
|
- |
Branch |
(Warehouse) |
since 01/09/2015 |
|
Londra |
, 7/9 |
- 20090 |
- Segrate |
(MI) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 01/09/2015 |
|
Rossini |
, 4 |
- 20067 |
- Tribiano |
(MI) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 01/09/2015 |
|
Arda |
, 18/12 |
- 29100 |
- Piacenza |
(PC) |
- IT - |
|
Employees |
: 90 |
|
Fittings and Equipment for a value of 21.000 |
Eur |
|
Stocks for a value of 7.200.000 |
Eur |
|
Furniture and fittings for a value of 46.000 |
Eur |
|
Vehicles for a value of 83.000 |
Eur |
Trade organization: direct or by agents.
The company sells in Italy and abroad.
Transports are mainly done using own vehicles and third parties
ones
The company 's mainly customers are companies.
To purchase foreign products the firm uses the following channels
:
|
- direct orders to foreign companies |
Export represents up to 20% of the global turnover.
Products abroad are placed by :
|
- trading companies |
Usually the terms of sale are within 90-120 days.
Financial means used for sale: bank transfers and bank orders.
Mainly purchase terms: cash or within 30 days.
Main used payment modalities are by cash orders and bank
transfers.
Import comes generally from the following nations:
|
- Germany |
|
- Spain |
|
- France |
|
- Austria |
|
- Great Britain |
Traded
Brands / Suppliers
|
- BAYER |
|
- CROMPTON |
|
- DEGUSSA |
|
- FACI |
|
- GRACE |
|
- NOVACKE |
|
- REAGENS |
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 |
30/06/1995 |
COMPANY STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Amik Italia Societa' Chimica S.r.l. |
Amik Italia S.p.A. |
30/06/1995 |
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of merging by taking over of |
|
|
|
|
, Milano |
- IT - |
|
|
Fiscal Code: 07179270967 |
|
|
Date |
Merging/splitting-up project: |
18/10/2010 |
|
|
The firm absorbed by merging of |
|
|
|
|
, Milano |
- IT - |
|
|
Fiscal Code: 07179270967 |
|
|
Date |
: |
31/12/2010 |
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 CREMA SPA |
Milano |
5228 |
||||
|
INTESA SANPAOLO SPA |
MILANO 04 |
VIALE PICENO, 2 |
20100 |
Milano (MI) |
3069 |
1604 |
|
BANCA POP. MILANO |
MILANO AG. 32 |
VIA MAROCCHETTI,27 |
20100 |
Milano (MI) |
5584 |
1632 |
|
UNICREDIT BANCA D'IMPRESA S.P.A. |
MILANO MECENATE |
VIA MECENATE 103 |
20100 |
Milano (MI) |
3226 |
1605 |
|
BANCA POP. MILANO |
MILANO AG. 32 |
VIA MAROCCHETTI,27 |
20100 |
Milano (MI) |
5584 |
1632 |
|
B.C.C. CARATE BRIANZA SOC.COOP. |
MILANO SEMPIONE |
CORSO SEMPIONE, 60 |
20100 |
Milano (MI) |
8440 |
1600 |
|
BANCA REGIONALE EUROPEA SPA |
AG. 5 |
VIA FABIO FILZI 23 |
20100 |
Milano (MI) |
6906 |
1605 |
|
BANCA POPOLARE DI VICENZA SCPA |
MILANO AG. DEL LIRI |
VIA DEL LIRI, 1-3 |
20100 |
Milano (MI) |
5728 |
1789 |
|
CREDITO EMILIANO SPA |
MILANO AG. 2 |
VIALE CORSICA, 36 |
20100 |
Milano (MI) |
3032 |
1601 |
National
Real Estates Survey
|
The requested subject is not present c/o the CADASTRE OFFICES. |
All responsibilities are declined regarding any possible omissions
concerning the given results. Therefore, we advise to request for "Hypothecating
Survey Inspection" c/o the locally competent RR.II. Immovables Registry,
as this service doesn't fully guarantees the actual title of the Real Estates
of the requested Subject.
Financial
and Economical Analysis
Subject is active since 1972
An eco-fin analysis has been made on the base od the b/s fo the
years 2014, 2015 and 2016.
Under an economic point of view, profits were registered during
the last years with a r.o.e. of 6,06% in 2016 but without a significant
increase in the turnover.
The operating result in 2016 was positive (2,13%) and in line with
the sector's average.
The amount of the operating result is equal to Eur. 564.243
recording a drop as opposed to the year before (-34,75%).
A gross operating margine for a value of Eur. 843.003 was reached.
showing a downward trend as opposed to the previous year.
The financial position is not well balanced as the volume of debts
is fairly remarkable if compared to shareholder's equity, in fact total debts
are 4,06 falling if compared to 2015.
It's shareholders funds amount to Eur. 4.831.971 , unchanged if
compared to 2015.
Total indebtedness was equal to Eur. 20.646.244 (Eur. 453.166 was
the value of m/l term debts) showing a stable trend as opposed to 2015 (Eur.
22.294.871).
Bank borrowings' volume is slightly high but it modestly dips into
suppliers credit, 0,53 gg. is the payments' average time below field's average.
The management determines a good range of liquidity.
Accounts receivable average term is 84,88 days. , lower than the
sector's average.
As far as the cash flow is concerned during the latest financial
year it amounted to Eur. 571.502
Subordinate employment cost is of Eur. 2.903.219, i.e. 5,56% on
total production costs. and a 5,52% incidence on sales volumes.
The incidence of the financial charges is of -0,71% on the sales
amount.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2016 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
52.611.779 |
|
Profit (Loss) for the period |
292.742 |
|
|
Complete balance-sheet for the year |
al 31/12/2015 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
52.196.934 |
|
Profit (Loss) for the period |
133.177 |
|
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
55.695.252 |
|
Profit (Loss) for the period |
275.676 |
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
53.211.225 |
|
Profit (Loss) for the period |
170.691 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
44.375.434 |
|
Profit (Loss) for the period |
-41.474 |
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 31/12/2016 - 12 Mesi - Currency: - Amounts
x 1 |
|
- Balance Sheet as at 31/12/2015 - 12 Mesi - Currency: - Amounts
x 1 |
|
- Balance Sheet as at 31/12/2014 - 12 Mesi - Currency: - Amounts
x 1 |
|
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|
RATIOS
|
RATIOS |
Value Type |
as at 31/12/2016 |
as at 31/12/2015 |
as at 31/12/2014 |
Sector Average |
|
COMPOSITION ON INVESTMENT |
|||||
|
Rigidity Ratio |
Units |
0,06 |
0,06 |
0,04 |
0,11 |
|
Elasticity Ratio |
Units |
0,94 |
0,94 |
0,96 |
0,87 |
|
Availability of stock |
Units |
0,27 |
0,25 |
0,26 |
0,22 |
|
Total Liquidity Ratio |
Units |
0,66 |
0,69 |
0,69 |
0,56 |
|
Quick Ratio |
Units |
0,03 |
0,01 |
0,00 |
0,02 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
4,06 |
4,70 |
5,56 |
3,81 |
|
Self Financing Ratio |
Units |
0,18 |
0,16 |
0,15 |
0,17 |
|
Capital protection Ratio |
Units |
0,36 |
0,35 |
0,30 |
0,65 |
|
Liabilities consolidation quotient |
Units |
0,07 |
0,08 |
0,05 |
0,12 |
|
Financing |
Units |
4,27 |
4,91 |
5,66 |
4,72 |
|
Permanent Indebtedness Ratio |
Units |
0,24 |
0,22 |
0,19 |
0,30 |
|
M/L term Debts Ratio |
Units |
0,05 |
0,06 |
0,04 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
3,80 |
4,39 |
5,18 |
1,28 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
3,97 |
4,07 |
4,42 |
2,06 |
|
Current ratio |
Units |
1,23 |
1,22 |
1,18 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,87 |
0,89 |
0,86 |
0,84 |
|
Structure's primary quotient |
Units |
3,07 |
2,97 |
3,45 |
1,28 |
|
Treasury's primary quotient |
Units |
0,04 |
0,01 |
0,00 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
548,02 |
610,72 |
685,85 |
591,61 |
|
Current Capital ( net ) |
Value |
4.597.882 |
4.631.879 |
4.354.666 |
219.071 |
|
RETURN |
|||||
|
Return on Sales |
% |
1,09 |
0,81 |
0,99 |
2,22 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
6,06 |
2,93 |
6,26 |
6,27 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
11,26 |
4,89 |
11,86 |
15,95 |
|
Return on Investment ( R.O.I. ) |
% |
2,13 |
3,12 |
2,90 |
4,19 |
|
Return/ Sales |
% |
1,07 |
1,66 |
1,58 |
3,42 |
|
Extra Management revenues/charges incid. |
% |
51,88 |
15,40 |
31,41 |
29,26 |
|
Cash Flow |
Value |
571.502 |
422.974 |
551.669 |
61.669 |
|
Operating Profit |
Value |
564.243 |
864.808 |
877.626 |
95.558 |
|
Gross Operating Margin |
Value |
843.003 |
1.154.605 |
1.153.619 |
144.934 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
84,88 |
100,40 |
108,14 |
120,94 |
|
Debts to suppliers average term |
Days |
0,53 |
4,44 |
8,61 |
120,04 |
|
Average stock waiting period |
Days |
49,25 |
48,08 |
50,88 |
61,92 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,99 |
1,88 |
1,84 |
1,27 |
|
Rate of stock return |
Units |
7,31 |
7,49 |
7,08 |
5,74 |
|
Labour cost incidence |
% |
5,52 |
4,85 |
4,45 |
7,77 |
|
Net financial revenues/ charges incidence |
% |
-0,71 |
-0,64 |
-0,15 |
-1,26 |
|
Labour cost on purchasing expenses |
% |
5,56 |
4,92 |
4,51 |
7,90 |
|
Short-term financing charges |
% |
2,44 |
1,65 |
0,45 |
2,67 |
|
Capital on hand |
% |
50,33 |
53,11 |
54,26 |
78,39 |
|
Sales pro employee |
Value |
584.575 |
660.720 |
723.314 |
437.713 |
|
Labour cost pro employee |
Value |
32.257 |
32.047 |
32.169 |
33.928 |
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 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.
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 |
INR 63.67 |
|
|
1 |
INR 86.11 |
|
Euro |
1 |
INR 76.59 |
|
Euro |
1 |
INR 76.50 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.