|
|
|
MIRA INFORM REPORT
|
Report No. : |
488648 |
|
Report Date : |
31.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
SUBBIFIL S.P.A. |
|
|
|
|
Registered Office : |
Via Campo Sportivo, 8, 24020 – Peia (BG) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
27.05.1986 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture of Textiles |
|
|
|
|
No. of Employees : |
From 36 To 50 |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 131% of GDP in 2017. 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 more than 0.8%
each year, but picked up in 2017. In 2017, overall unemployment was 11.4%, but
youth unemployment remained high at 37.1%.
|
Source
: CIA |
Company
name & address
SUBBIFIL S.P.A.
Via Campo
Sportivo, 8
24020 – Peia (BG) -IT-
Summary
|
Fiscal Code |
: |
01696570165 |
|
Legal Form |
: |
Joint Stock Company |
|
start of Activities |
: |
27/05/1986 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
12.750.000/15.500.000 |
|
Number of Employees |
: |
From 36 To 50 |
Activity
Manufacture of Textiles
Legal
Data
Legal Form : Joint stock company
|
Fiscal Code : 01696570165 |
|
Foreign Trade Reg. no. : BG007253 since 17/12/1991 |
|
Foreign Trade Reg. no. : 7253 of Bergamo since 17/12/1991 |
|
Chamber of Commerce no. : 229469 of Bergamo since 24/06/1986 |
|
Firms' Register : BG024-29406 of Bergamo since 19/02/1996 |
|
V.A.T. Code : 01696570165 |
|
Tribunal Co. Register : 29406 of |
|
Foundation date |
: 27/05/1986 |
|
|
Establishment date |
: 27/05/1986 |
|
|
Start of Activities |
: 27/05/1986 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 550.000 |
|
|
Subscribed Capital |
: 550.000 |
|
|
Paid up Capital |
: 550.000 |
|
Legal mail : |
SUBBIFIL@REGISTERPEC.IT |
Members
|
|
Bosio |
Michele |
|
|
Born in Leffe |
(BG) |
on 07/08/1955 |
- Fiscal Code : BSOMHL55M07E509E |
|
|
Residence: |
Don L. Alberti |
, 29 |
- 24020 |
Peia |
(BG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/06/2017 |
||
|
Board Chairman |
23/06/2017 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Bosio |
Romano |
|
|
Born in Leffe |
(BG) |
on 17/11/1945 |
- Fiscal Code : BSORMN45S17E509D |
|
|
Residence: |
Don L. Alberti |
, 17 |
- 24020 |
Peia |
(BG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/06/2017 |
|
|
Bosio |
Luca |
|
|
Born in Bergamo |
(BG) |
on 13/12/1976 |
- Fiscal Code : BSOLCU76T13A794P |
|
|
Residence: |
Umberto I |
, 7 |
- 25087 |
Salo' |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/06/2017 |
|
|
Bosio |
Andrea |
|
|
Born in Gazzaniga |
(BG) |
on 17/04/1978 |
- Fiscal Code : BSONDR78D17D952U |
|
|
Residence: |
D. Luigi Alberti |
, 15 |
- 24020 |
Peia |
(BG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/06/2017 |
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.
|
|
Bosio |
Michele |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Bosifil S.p.a. |
Gandino (BG) - IT - |
00278120167 |
Director |
Active |
Registered |
|
Bosifil S.p.a. |
Gandino (BG) - IT - |
00278120167 |
Board Chairman |
Active |
Registered |
|
Immobiliare Tre-bi S.r.l. |
Gazzaniga (BG) - IT - |
01926520162 |
Director |
Active |
Registered |
|
Immobiliare Tre-bi S.r.l. |
Gazzaniga (BG) - IT - |
01926520162 |
Board Chairman |
Active |
Registered |
|
Filtrading S.r.l. |
Cazzano Sant'Andrea (BG) - IT - |
03230740163 |
Director |
Active |
Registered |
|
Filtrading S.r.l. |
Cazzano Sant'Andrea (BG) - IT - |
03230740163 |
Board Chairman |
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 |
|
Bosio Michele |
Peia - IT - |
BSOMHL55M07E509E |
137.500 .Eur |
25,00 |
|
Bosio Romano |
Peia - IT - |
BSORMN45S17E509D |
132.000 .Eur |
24,00 |
|
Bosio Luca |
Salo' - IT - |
BSOLCU76T13A794P |
77.916 .Eur |
14,16 |
|
Bosio Loris |
Gandino - IT - |
BSOLRS85S01A794H |
77.916 .Eur |
14,16 |
|
Bertasa Maria Santa |
BRTMSN47L53E509I |
124.666 .Eur |
22,66 |
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 |
|
Cct Societa' Cooperativa Per Azioni- In Liquidazione |
Brescia - IT - |
03616250175 |
1 .Eur |
Active |
Firm's
location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
Campo Sportivo |
, 8 |
- 24020 |
- Peia |
(BG) |
- IT - |
|
PHONE |
: 035732415 |
|
FAX |
: 035727179 |
|
Legal mail |
: SUBBIFIL@REGISTERPEC.IT |
|
Employees |
: 39 |
|
Assistants |
: 1 |
|
Fittings and Equipment for a value of 2.310.000 |
Eur |
|
Stocks for a value of 4.330.000 |
Eur |
|
Furniture and fittings for a value of 7.000 |
Eur |
|
Vehicles for a value of 140.000 |
Eur |
The firm operates abroad as importer..
To purchase foreign products the firm uses the following channels :
|
- national or foreign important buyers |
|
- its own agents |
Import comes generally from the following nations:
|
- Ireland |
|
- Isole Maldive |
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.
National
Real Estates Survey
The firm under review, by the reported percentages, owns the following
real estates:
|
Town |
Cadastre |
No. Immovables |
Up to Date |
|
GANDINO (BG) |
Buildings |
3 |
24/01/2018 |
|
PEIA (BG) |
Buildings |
7 |
24/01/2018 |
|
PEIA (BG) |
Land |
12 |
24/01/2018 |
|
Buildings
Details |
|
Cadastre |
Title |
Location |
Sheet No. |
Particle No. |
Sub No. |
Categorie |
Classe |
Consistence |
Cadastrial Rent |
Part No. |
|
B |
Proprieta' per 1/1 |
GANDINO (BG) VIA CA' VOLPARI, SN Piano T |
GA/24 |
2163 |
704 |
cat. D/7 |
Euro: 5.742,00 |
|||
|
B |
Proprieta' per 1/1 |
GANDINO (BG) VIA CA' VOLPARI, SN Piano T |
GA/24 |
2163 |
705 |
cat. D/7 |
Euro: 5.244,00 |
|||
|
B |
Proprieta' per 1/1 |
GANDINO (BG) VIA CA' VOLPARI, SN Piano T |
GA/24 |
2163 |
706 |
cat. D/7 |
Euro: 892,00 |
|||
|
B |
Proprieta' per 1/1 |
PEIA (BG) VIA CAMPO SPORTIVO, 8 Piano T-1 |
11 |
992 |
701 |
cat. D/7 |
Euro: 9.895,31 |
|||
|
B |
Proprieta' per 1/1 |
PEIA (BG) VIA CAMPO SPORTIVO, 8 Piano T |
11 |
992 |
702 |
cat. C/6 |
2 |
20 mq |
Euro:32,02 |
|
|
B |
Proprieta' per 1/1 |
PEIA (BG) VIA CAMPO SPORTIVO, 8 Piano 1-S1 |
11 |
992 |
703 |
cat. A/3 |
1 |
6,5 vani |
Euro:369,27 |
|
|
B |
Proprieta' per 1/1 |
PEIA (BG) VIA CAMPO SPORTIVO, 8 Piano S1 |
12 |
3296 |
704 |
cat. D/7 |
Euro: 10.762,00 |
|||
|
B |
Proprieta' per 1/1 |
PEIA (BG) VIA CAMPO SPORTIVO, 8 Piano T |
12 |
3296 |
705 |
cat. D/7 |
Euro: 10.920,00 |
|||
|
B |
Proprieta' per 1/1 |
PEIA (BG) VIA CAMPO SPORTIVO, 8 Piano S1-T - 1 |
12 |
3296 |
706 |
cat. D/7 |
Euro: 12.420,00 |
|||
|
B |
Proprieta' |
PEIA (BG) VIA CAMPO SPORTIVO, 8 Piano T-1 - S1 |
4 |
995 |
6 |
cat. D/7 |
Euro: 16.950,12 |
|
Land Details |
|
Cadastre |
Title |
Location |
Sheet No. |
Particle No. |
Sub No. |
Category |
Class |
Consistence |
Cadastrial Rent |
Part No. |
|
L |
Proprieta' per 1/1 |
PEIA (BG) |
9 |
2608 |
PRATO |
1 |
70 ca |
R.D.Euro:0,25
R.A. Euro: 0,27 |
1537 |
|
|
L |
Proprieta' per 1/1 |
PEIA (BG) |
9 |
2622 |
SEMINATIVO |
1 |
5 ca |
R.D.Euro:0,02
R.A. Euro: 0,03 |
1537 |
|
|
L |
Proprieta' per 1/1 |
PEIA (BG) |
9 |
2623 |
SEMINATIVO |
1 |
40 ca |
R.D.Euro:0,19
R.A. Euro: 0,21 |
1537 |
|
|
L |
Proprieta' per 1/1 |
PEIA (BG) |
9 |
2766 |
SEMINATIVO |
1 |
1 are 60 ca |
R.D.Euro:0,74
R.A. Euro: 0,83 |
1537 |
|
|
L |
Proprieta' per 1/1 |
PEIA (BG) |
9 |
2824 |
SEMINATIVO |
1 |
38 ca |
R.D.Euro:0,18
R.A. Euro: 0,20 |
1537 |
|
|
L |
Proprieta' per 1000/1000 |
PEIA (BG) |
9 |
2938 |
SEMINATIVO |
1 |
3 are 90 ca |
R.D.Euro:1,81
R.A. Euro: 2,01 |
2425 |
|
|
L |
Proprieta' per 1/1 |
PEIA (BG) |
9 |
3857 |
PRATO |
1 |
20 ca |
R.D.Euro:0,07
R.A. Euro: 0,08 |
||
|
L |
Proprieta' per 1/1 |
PEIA (BG) |
9 |
3859 |
PRATO |
1 |
5 ca |
R.D.Euro:0,02
R.A. Euro: 0,02 |
||
|
L |
Proprieta' per 1/1 |
PEIA (BG) |
9 |
3861 |
PRATO |
1 |
5 ca |
R.D.Euro:0,02
R.A. Euro: 0,02 |
||
|
L |
Proprieta' per 1/1 |
PEIA (BG) |
9 |
3862 |
PRATO |
1 |
15 ca |
R.D.Euro:0,05
R.A. Euro: 0,06 |
||
|
L |
Proprieta' per 1/1 |
PEIA (BG) |
9 |
748 |
SEMINATIVO |
1 |
1 are 10 ca |
R.D.Euro:0,51
R.A. Euro: 0,57 |
1537 |
|
|
L |
Proprieta' per 1000/1000 |
PEIA (BG) |
9 |
995 |
SEMINATIVO |
1 |
7 are 10 ca |
R.D.Euro:3,30
R.A. Euro: 3,67 |
2425 |
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
Company's starting of activities dates back to 1986.
The economic-financial analysis has been made on the base of the b/s of
the latests three years.
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 13,33% in 2016 and with an upward trend in turnover
trend during the last financial year (+9,74% in 2016).
The operating result was positive in the last financial year (7,54%)
falling within the field's average.
The amount of the operating result for the year 2016 is of Eur.
1.280.186 with a 99,73% growth.
The gross operating margin of the latest financial year is of Eur.
1.718.576 with a 65,15% growth.
The financial status of the company is fairly balanced with an
indebtedness level of 1,32 and decreasing as against 2015.
It's shareholders funds amount to Eur. 6.302.529 , unchanged if compared
to 2015.
During the last financial year total debts volume reached Eur. 9.789.810
(Eur. 1.458.436 were m/l term ones) showing a stable trend as opposed to 2015
(Eur. 9.542.348).
Bank borrowings' volume is slightly high but the recourse to suppliers'
credit is modest below field's average.
Payments are supported by good current assets.
As far as the collection of credit goes, the average is high (156,39
days). and higher than the average of the sector.
The financial management generated a cash flow of Eur. 1.278.701.
During 2016 financial year labour costs amounted to Eur. 1.276.216, with
a 8,77% incidence on production costs. , whereas 8,26% is the incidence on
sales revenues.
The incidence of the financial charges is of -0,42% on the sales amount.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2016 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
15.446.955 |
|
Profit (Loss) for the period |
840.311 |
|
|
Complete balance-sheet for the year |
al 31/12/2015 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
14.074.865 |
|
Profit (Loss) for the period |
372.560 |
|
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
14.131.543 |
|
Profit (Loss) for the period |
325.163 |
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
14.010.637 |
|
Profit (Loss) for the period |
319.564 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
13.462.855 |
|
Profit (Loss) for the period |
110.954 |
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 |
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 |
0,33 |
0,35 |
0,36 |
0,29 |
|
Elasticity Ratio |
Units |
0,67 |
0,64 |
0,62 |
0,70 |
|
Availability of stock |
Units |
0,25 |
0,24 |
0,22 |
0,26 |
|
Total Liquidity Ratio |
Units |
0,41 |
0,40 |
0,41 |
0,39 |
|
Quick Ratio |
Units |
0,00 |
0,00 |
0,02 |
0,01 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
1,32 |
1,48 |
1,15 |
1,69 |
|
Self Financing Ratio |
Units |
0,37 |
0,35 |
0,38 |
0,29 |
|
Capital protection Ratio |
Units |
0,78 |
0,84 |
0,84 |
0,71 |
|
Liabilities consolidation quotient |
Units |
0,26 |
0,22 |
0,34 |
0,26 |
|
Financing |
Units |
1,55 |
1,68 |
1,49 |
2,12 |
|
Permanent Indebtedness Ratio |
Units |
0,50 |
0,47 |
0,53 |
0,45 |
|
M/L term Debts Ratio |
Units |
0,13 |
0,12 |
0,15 |
0,13 |
|
Net Financial Indebtedness Ratio |
Units |
1,16 |
1,27 |
0,94 |
0,96 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,53 |
1,34 |
1,47 |
1,38 |
|
Current ratio |
Units |
1,36 |
1,24 |
1,35 |
1,25 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,84 |
0,78 |
0,88 |
0,75 |
|
Structure's primary quotient |
Units |
1,14 |
1,01 |
1,05 |
0,90 |
|
Treasury's primary quotient |
Units |
0,00 |
0,00 |
0,05 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
269,51 |
283,80 |
262,65 |
339,62 |
|
Current Capital ( net ) |
Value |
2.983.964 |
1.974.946 |
2.311.867 |
1.615.606 |
|
RETURN |
|||||
|
Return on Sales |
% |
8,28 |
5,49 |
5,03 |
1,74 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
13,33 |
6,56 |
6,00 |
0,25 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
19,29 |
9,39 |
9,59 |
2,94 |
|
Return on Investment ( R.O.I. ) |
% |
7,54 |
3,97 |
5,65 |
2,31 |
|
Return/ Sales |
% |
8,29 |
4,55 |
5,69 |
2,50 |
|
Extra Management revenues/charges incid. |
% |
65,64 |
58,13 |
40,45 |
8,02 |
|
Cash Flow |
Value |
1.278.701 |
772.162 |
710.450 |
210.372 |
|
Operating Profit |
Value |
1.280.186 |
640.952 |
803.770 |
359.192 |
|
Gross Operating Margin |
Value |
1.718.576 |
1.040.554 |
1.189.057 |
692.382 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
156,39 |
158,09 |
134,47 |
111,18 |
|
Debts to suppliers average term |
Days |
43,52 |
48,54 |
73,10 |
104,44 |
|
Average stock waiting period |
Days |
100,89 |
98,62 |
78,34 |
86,89 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,91 |
0,87 |
0,99 |
1,04 |
|
Rate of stock return |
Units |
3,57 |
3,65 |
4,60 |
4,12 |
|
Labour cost incidence |
% |
8,26 |
8,39 |
8,19 |
15,12 |
|
Net financial revenues/ charges incidence |
% |
-0,42 |
-0,92 |
-2,02 |
-2,07 |
|
Labour cost on purchasing expenses |
% |
8,77 |
8,61 |
8,55 |
14,82 |
|
Short-term financing charges |
% |
1,03 |
1,49 |
3,59 |
3,48 |
|
Capital on hand |
% |
109,96 |
114,57 |
100,73 |
95,83 |
|
Sales pro employee |
Value |
396.075 |
390.968 |
392.542 |
237.592 |
|
Labour cost pro employee |
Value |
32.723 |
32.820 |
32.148 |
33.432 |
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 |
: |
|
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 |
INR 63.75 |
|
|
1 |
INR 89.39 |
|
Euro |
1 |
INR 78.75 |
|
Euro |
1 |
INR 79.24 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
TPT |
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.