|
|
|
MIRA INFORM REPORT
|
Report No. : |
498860 |
|
Report Date : |
22.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
RASELLI FRANCO S.P.A. |
|
|
|
|
Registered Office : |
Zona Artigianale Orafa D2, 15048 - Valenza (AL |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
18.09.1985 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture of Jewellery and Related Articles. |
|
|
|
|
No. of Employees : |
From 91 to 110 |
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 : |
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
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’s economy compromises a developed industrial north, dominated by private companies, and a less-developed, highly subsidized, agricultural south, with a legacy of unemployment and underdevelopment. 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 records. The government still faces pressure from investors and European partners to sustain its efforts to address Italy's longstanding structural economic problems, including 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 2011. In 2015-16, Italy’s economy grew at about 1% each year, and in 2017 growth accelerated to 1.5% of GDP. In 2017, overall unemployment was 11.4%, but youth unemployment remained high at 37.1%.
|
Source
: CIA |
COMPANY
NAME AND ADDRESS
RASELLI FRANCO S.P.A.
Zona
Artigianale Orafa D2,
15048 - Valenza (AL) -IT-
Summary
|
Fiscal Code |
: |
01230410068 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
19/09/1985 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
50.000.000/75.000.000 |
|
Number of Employees |
: |
from 91 to 110 |
Activity
Manufacture of jewellery and related articles
Legal Data
Legal Form : Joint stock company
|
Register of Handcraft firms : 46422 |
|
Register of Handcraft firms : 46422 of Alessandria |
|
Fiscal Code : 01230410068 |
|
Foreign Trade Reg. no. : AL009683 since 31/01/1992 |
|
Chamber of Commerce no. : 147400 of Alessandria since 10/10/1985 |
|
V.A.T. Code : 01230410068 |
|
Establishment date |
: 18/09/1985 |
|
Start of Activities |
: 19/09/1985 |
|
Legal duration |
: 31/12/2050 |
|
Nominal Capital |
: 5.050.505 |
|
Subscribed Capital |
: 5.050.505 |
|
Paid up Capital |
: 5.050.505 |
|
Legal mail : |
GRUPPOERREPI@LEGALMAIL.IT |
Members
|
|
Machieraldo |
Luciana |
|
|
Born in Biella |
(VC) |
on 08/05/1947 |
- Fiscal Code : MCHLCN47E48A859D |
|
|
Residence: |
Camurati |
, 47 |
- 15048 |
Valenza |
(AL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/06/2016 |
||
|
Managing Director |
29/06/2016 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Raselli |
Michele |
|
|
Born in Vercelli |
(VC) |
on 08/10/1982 |
- Fiscal Code : RSLMHL82R08L750W |
|
|
Residence: |
Costetto |
, 322 |
- 13881 |
Cavaglia' |
(BI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/06/2016 |
|
|
Raselli |
Franco |
|
|
Born in Valenza |
(AL) |
on 02/05/1947 |
- Fiscal Code : RSLFNC47E02L570P |
|
|
Residence: |
Camurati |
, 47 |
- 15048 |
Valenza |
(AL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/06/2016 |
||
|
Board Chairman |
28/06/2016 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Raselli |
Andrea Giuseppe |
|
|
Born in Vercelli |
(VC) |
on 18/11/1976 |
- Fiscal Code : RSLNRG76S18L750Q |
|
|
Residence: |
Molinello Gazzolo |
, 19 |
- 15048 |
Valenza |
(AL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/06/2016 |
||
|
Managing Director |
29/06/2016 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Porta |
Mirco |
|
|
Born in Valenza |
(AL) |
on 13/09/1961 |
- Fiscal Code : PRTMRC61P13L570L |
|
|
Residence: |
Mantova |
, 1 |
- 15048 |
Valenza |
(AL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/06/2016 |
||
|
Managing Director |
29/06/2016 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Mantovani |
Giovanni |
|
|
Born in Bolzano |
(BZ) |
on 30/07/1968 |
- Fiscal Code : MNTGNN68L30A952Q |
|
|
Residence: |
W. Amadeus Mozart |
, 2 |
- 39100 |
Bolzano |
(BZ) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
19/01/2018 |
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.
|
|
Machieraldo |
Luciana |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Machieraldo Gustavo - S.p.a. |
Cavaglia' (BI) - IT - |
00151700028 |
Partner |
Withdrawn |
Registered |
|
Immobiliare Croce Di Malta S.p.a. |
Alessandria (AL) - IT - |
01426900062 |
Director |
Active |
Registered |
|
Immobiliare Croce Di Malta S.p.a. |
Alessandria (AL) - IT - |
01426900062 |
Board Chairman |
Active |
Registered |
|
Adel - Societa' Semplice |
Cavaglia' (BI) - IT - |
90011850022 |
Partner |
Active |
Registered |
|
Michele Societa' Semplice |
Alassio (SV) - IT - |
90007630099 |
Partner |
Active |
Registered |
|
|
Raselli |
Franco |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Gatti E Raselli |
Valenza (AL) - IT - |
00222000069 |
Partner |
Withdrawn |
Ceased |
|
Raselli Franco |
Valenza (AL) - IT - |
RSLFNC47E02L570P |
Proprietor |
Withdrawn |
Ceased |
|
Raselli Franco |
Valenza (AL) - IT - |
RSLFNC47E02L570P |
Mark owner |
Withdrawn |
Ceased |
|
Michele Societa' Semplice |
Alassio (SV) - IT - |
90007630099 |
Partner |
Active |
Registered |
|
|
Raselli |
Andrea Giuseppe |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Machieraldo Gustavo - S.p.a. |
Cavaglia' (BI) - IT - |
00151700028 |
Director |
Active |
Registered |
|
Immobiliare Croce Di Malta S.p.a. |
Alessandria (AL) - IT - |
01426900062 |
Managing
Director |
Active |
Registered |
|
Immobiliare Croce Di Malta S.p.a. |
Alessandria (AL) - IT - |
01426900062 |
Director |
Active |
Registered |
|
Porta Raselli S.p.a. |
Valenza (AL) - IT - |
00318390069 |
Managing
Director |
Withdrawn |
Ceased |
|
Porta Raselli S.p.a. |
Valenza (AL) - IT - |
00318390069 |
Director |
Withdrawn |
Ceased |
|
Porta Raselli S.p.a. |
Valenza (AL) - IT - |
00318390069 |
Procurator |
Withdrawn |
Ceased |
|
Tecnoaurea S.r.l. |
Valenza (AL) - IT - |
02015780063 |
Liquidator |
Withdrawn |
Registered |
|
|
Porta |
Mirco |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Porta Raselli S.p.a. |
Valenza (AL) - IT - |
00318390069 |
Managing
Director |
Withdrawn |
Ceased |
|
Porta Raselli S.p.a. |
Valenza (AL) - IT - |
00318390069 |
Director |
Withdrawn |
Ceased |
|
Porta Raselli S.p.a. |
Valenza (AL) - IT - |
00318390069 |
Board Chairman |
Withdrawn |
Ceased |
|
Martini S.s. |
Valenza (AL) - IT - |
95005660063 |
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 |
|
Machieraldo Luciana |
Valenza - IT - |
MCHLCN47E48A859D |
150.000 .Eur |
2,97 |
|
Raselli Michele |
Cavaglia' - IT - |
RSLMHL82R08L750W |
250.008 .Eur |
4,94 |
|
Raselli Franco |
Valenza - IT - |
RSLFNC47E02L570P |
2.599.928 .Eur |
51,47 |
|
Raselli Andrea Giuseppe |
Valenza - IT - |
RSLNRG76S18L750Q |
1.000.032 .Eur |
19,79 |
|
Porta Mirco |
Valenza - IT - |
PRTMRC61P13L570L |
1.000.032 .Eur |
19,80 |
|
Mantovani Giovanni |
Bolzano - IT - |
MNTGNN68L30A952Q |
50.505 .Eur |
0,99 |
Direct
Participations
The Company under review has no participations in other Companies.
Firm's
location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
Zona Artigianale Orafa D2 |
- 15048 |
- Valenza |
(AL) |
- IT - |
|
PHONE |
: 0131941817 |
|
PHONE |
: 0131953300 |
|
FAX |
: 0131947074 |
|
Legal mail |
: GRUPPOERREPI@LEGALMAIL.IT |
|
Employees |
: 104 |
|
Fittings and Equipment for a value of 870.000 |
Eur |
|
Stocks for a value of 13.570.000 |
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 from 20% to 50% of the global turnover.
Products abroad are placed by :
|
- direct orders from foreign companies |
Import comes generally from the following nations:
|
- Austria |
Export is mainly towards:
|
- France |
|
- Ireland |
Historical Information and/or Firm's Status
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of merging by taking over of |
|
|
|
|
Zona Artigianale Orafa D2 |
, 15048 |
, Valenza |
(AL) |
- IT - |
|
|
Fiscal Code: 00318390069 |
|
|
Date |
Merging/splitting-up project: |
02/10/2006 |
|
|
The firm absorbed by merging of |
|
|
|
|
Zona Artigianale Orafa D2 |
, 15048 |
, Valenza |
(AL) |
- IT - |
|
|
Fiscal Code: 00318390069 |
|
|
Date |
: |
31/12/2006 |
|
|
Project of merging by taking over of |
|
|
|
|
VIA ALTO ADIGE, 34 |
, 39100 |
, Bolzano |
(BZ) |
|
|
Fiscal Code: 01593830217 |
|
|
Date |
Merging/splitting-up project: |
09/10/2017 |
|
|
The firm absorbed by merging of |
|
|
|
|
VIA ALTO ADIGE, 34 |
, 39100 |
, Bolzano |
(BZ) |
|
|
Fiscal Code: 01593830217 |
|
|
Date |
: |
21/12/2017 |
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 |
|
VALENZA (AL) |
Buildings |
3 |
17/03/2018 |
Buildings
Details
|
|
Cadastre |
Title |
Location |
Sheet No. |
Particle No. |
Sub No. |
Categorie |
Classe |
Consistence |
Cadastrial Rent |
Part No. |
|
B |
Proprieta' per 1/1 |
VALENZA (AL) VIA OVEST, 15/B Piano S3-2 - S2-1 |
VAL/24 |
1628 |
1 |
cat. D/7 |
Euro: 71.862,00 |
|||
|
B |
Proprieta' per 1/1 |
VALENZA (AL) VIA OVEST, 45 Piano 1-S1 |
VAL/32 |
1399 |
96 |
cat. A/10 |
4 |
5 vani |
Euro:1.484,81 |
|
|
B |
Proprieta' per 1/1 |
VALENZA (AL) VIA NOCE, 21 Piano S1 |
VAL/32 |
1399 |
98 |
cat. C/6 |
5 |
19 mq |
Euro:81,45 |
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 1985
An eco-fin analysis has been made on the base od the b/s fo the years 2014, 2015 and 2016.
During the last years, it achieved profits (r.o.e. 11,36% on 2016) with a stable trend in the turnover.
The operating result was positive in the last financial year (13,79%) and reflects the field's average.
The amount of the operating result for the year 2016 is of Eur. 6.765.663 , with no sizeable change as opposed to the year before.
A gross operating margine for a value of Eur. 7.152.969 was reached. with no sensible increase as against 2015.
Equity is good since liquid assets exceed short term debts.
It's shareholders funds amount to Eur. 43.237.626 on the same levels as the year before.
Total indebtedness amounts to Eur. 4.319.039, showing a stable trend as opposed to 2015 (Eur. 4.507.458).
Bank and suppliers credit recourse is limited, 15,82 gg. is payment average period below the sector's average.
Payments are supported by good current assets.
Due from customers average term is high and equal to 142,12 days. also in relation to the average of the sector.
The financial management generated a cash flow of Eur. 5.299.034.
Labour cost expenses amount to Eur. 3.914.341 , representing 7,28% on the total of production costs. , whereas 6,44% is the incidence on sales revenues.
Financial incomes cover financial charges.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2016 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
60.774.169 |
|
Profit (Loss) for the period |
4.911.728 |
|
|
Complete balance-sheet for the year |
al 31/12/2015 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
64.499.109 |
|
Profit (Loss) for the period |
4.840.021 |
|
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
50.747.675 |
|
Profit (Loss) for the period |
2.263.245 |
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
43.798.935 |
|
Profit (Loss) for the period |
1.354.423 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
42.163.579 |
|
Profit (Loss) for the period |
1.274.441 |
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 |
0,04 |
0,05 |
0,05 |
0,19 |
|
Elasticity Ratio |
Units |
0,96 |
0,95 |
0,95 |
0,80 |
|
Availability of stock |
Units |
0,28 |
0,25 |
0,29 |
0,30 |
|
Total Liquidity Ratio |
Units |
0,68 |
0,70 |
0,66 |
0,45 |
|
Quick Ratio |
Units |
0,17 |
0,22 |
0,10 |
0,02 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
n.c. |
n.c. |
0,09 |
2,34 |
|
Self Financing Ratio |
Units |
0,88 |
0,87 |
0,80 |
0,23 |
|
Capital protection Ratio |
Units |
0,77 |
0,74 |
0,78 |
0,67 |
|
Liabilities consolidation quotient |
Units |
0,24 |
0,22 |
0,12 |
0,19 |
|
Financing |
Units |
0,10 |
0,12 |
0,21 |
2,93 |
|
Permanent Indebtedness Ratio |
Units |
0,90 |
0,89 |
0,82 |
0,42 |
|
M/L term Debts Ratio |
Units |
0,02 |
0,02 |
0,02 |
0,12 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,93 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
23,64 |
19,18 |
17,47 |
2,24 |
|
Current ratio |
Units |
10,92 |
9,39 |
5,59 |
1,39 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
7,78 |
6,88 |
3,87 |
0,82 |
|
Structure's primary quotient |
Units |
23,09 |
18,71 |
17,03 |
1,40 |
|
Treasury's primary quotient |
Units |
1,89 |
2,16 |
0,57 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
113,49 |
115,25 |
125,13 |
424,51 |
|
Current Capital ( net ) |
Value |
42.851.123 |
37.802.134 |
32.961.028 |
394.433 |
|
RETURN |
|||||
|
Return on Sales |
% |
8,72 |
7,90 |
5,09 |
2,17 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
11,36 |
12,56 |
6,72 |
0,73 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
16,07 |
18,03 |
9,83 |
6,79 |
|
Return on Investment ( R.O.I. ) |
% |
13,79 |
15,64 |
8,63 |
3,16 |
|
Return/ Sales |
% |
11,13 |
10,77 |
7,17 |
3,18 |
|
Extra Management revenues/charges incid. |
% |
72,60 |
69,70 |
62,24 |
10,78 |
|
Cash Flow |
Value |
5.299.034 |
5.093.951 |
2.584.620 |
53.639 |
|
Operating Profit |
Value |
6.765.663 |
6.944.430 |
3.636.145 |
72.080 |
|
Gross Operating Margin |
Value |
7.152.969 |
7.198.360 |
3.957.520 |
161.031 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
142,12 |
114,28 |
162,11 |
99,53 |
|
Debts to suppliers average term |
Days |
15,82 |
12,22 |
20,03 |
104,89 |
|
Average stock waiting period |
Days |
80,39 |
62,98 |
87,52 |
87,12 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,24 |
1,45 |
1,20 |
1,10 |
|
Rate of stock return |
Units |
4,48 |
5,72 |
4,11 |
4,08 |
|
Labour cost incidence |
% |
6,44 |
6,08 |
7,58 |
13,32 |
|
Net financial revenues/ charges incidence |
% |
0,32 |
0,01 |
-0,65 |
-2,33 |
|
Labour cost on purchasing expenses |
% |
7,28 |
6,24 |
8,04 |
13,08 |
|
Short-term financing charges |
% |
n.c. |
0,40 |
5,88 |
4,17 |
|
Capital on hand |
% |
80,74 |
68,84 |
83,06 |
90,78 |
|
Sales pro employee |
Value |
498.148 |
528.681 |
422.897 |
252.126 |
|
Labour cost pro employee |
Value |
32.084 |
32.141 |
32.074 |
32.207 |
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 591 significant companies.
The companies cash their credits on an average of 100 dd.
The average duration of suppliers debts is about 105 dd.
The sector's profitability is on an average of 2,17%.
The labour cost affects the turnover in the measure of 13,32%.
Goods are held in stock in a range of 87 dd.
The difference between the sales volume and the resources used to
realize it is about 1,10.
The employees costs represent the 13,08% of the production costs.
Statistical
Detrimental Data
Statistcally the trade activity shows periods of crisis.
The area is statistically considered moderately risky.
In the region 27.019 protested subjects are found; in the province they
count to 2.105.
The insolvency index for the region is 0,63, , while for the province it
is 0,50.
Total Bankrupt companies in the province : 1.755.
Total Bankrupt companies in the region : 14.165.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.22 |
|
|
1 |
INR 91.33 |
|
Euro |
1 |
INR 79.96 |
|
ITL |
1 |
INR 80.34 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
NIT |
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.