|
|
|
MIRA INFORM REPORT
|
Report No. : |
510128 |
|
Report Date : |
21.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
SERECO S.R.L. |
|
|
|
|
Registered Office : |
Via
Solidarieta' E Volontariat, 10 70015 – Noci |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
11.10.1989 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Subject
is Market research and public opinion polling. |
|
|
|
|
No. of Employees : |
From 51 to 70 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
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
Sereco
S.r.l.
Via
Solidarieta' E Volontariat, 10
70015
– Noci (BA) -IT-
Summary
|
Fiscal
Code |
: |
04018100729 |
|
Legal
Form |
: |
Limited
liability company |
|
start
of Activities |
: |
11/10/1989 |
|
Equity |
: |
Over
2.582.254 |
|
Turnover
Range |
: |
6.500.000/7.750.000 |
|
Number
of Employees |
: |
from
51 to 70 |
Activity
Market
research and public opinion polling
Legal
Data
Legal
Form : Limited liability company
|
Fiscal
Code : 04018100729 |
|
Foreign
Trade Reg. no. : BA035821 since 02/07/1999 |
|
Foreign
Trade Reg. no. : 035821 of Bari since 02/07/1999 |
|
Chamber
of Commerce no. : 288801 of Bari since 25/07/1989 |
|
Firms'
Register : BA006-24821 of Bari since 19/02/1996 |
|
V.A.T.
Code : 04018100729 |
|
Tribunal
Co. Register : 24821 of since 14/07/1989 |
|
Foundation
date |
:
26/05/1989 |
|
|
Establishment
date |
:
26/05/1989 |
|
|
Start
of Activities |
:
11/10/1989 |
|
|
Legal
duration |
:
31/12/2050 |
|
|
Nominal
Capital |
:
2.500.000 |
|
|
Subscribed
Capital |
:
2.500.000 |
|
|
Paid
up Capital |
:
2.500.000 |
|
Legal
mail : |
SERECO@PEC.IT |
Members
|
|
Ritella |
Donato |
|
|
Born
in Noci |
(BA) |
on
21/12/1951 |
-
Fiscal Code : RTLDNT51T21F915N |
|
|
Residence: |
Zona
A |
,
34/I |
-
70015 |
Noci |
(BA) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Sole
Director |
26/04/2006 |
||
|
Technical
Manager |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Bruno |
Vincenzo |
|
|
Born
in Noci |
(BA) |
on
30/10/1955 |
-
Fiscal Code : BRNVCN55R30F915Q |
|
|
Residence: |
Cappuccini |
,
18 |
-
70015 |
Noci |
(BA) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Responsible
technician |
13/07/1995 |
||
|
Technical
Manager |
19/02/1999 |
|
|
Ritella |
Tommaso |
|
|
Born
in Noci |
(BA) |
on
10/11/1974 |
-
Fiscal Code : RTLTMS74S10F915F |
|
|
Residence: |
A |
,
34 /I |
-
70015 |
Noci |
(BA) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
10/06/2003 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Ritella |
Arianna |
|
|
Born
in Noci |
(BA) |
on
04/07/1978 |
-
Fiscal Code : RTLRNN78L44F915H |
|
|
Residence: |
B |
,
17 |
-
70015 |
Noci |
(BA) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
15/03/2011 |
|
|
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.
|
|
Ritella |
Donato |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Fiusis
S.p.A. |
Noci
(BA) - IT - |
00739440725 |
Chairman
and Managing Director |
Withdrawn |
Registered |
|
Asian-italian
Multiutilities S.r.l. |
Roma
(RM) - IT - |
06711891009 |
Director |
Withdrawn |
Ceased |
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 |
|
Ritella
Donato |
Noci
- IT - |
RTLDNT51T21F915N |
1.575.000
.Eur |
63,00 |
|
Ritella
Tommaso |
Noci
- IT - |
RTLTMS74S10F915F |
400.000
.Eur |
16,00 |
|
Ritella
Arianna |
Noci
- IT - |
RTLRNN78L44F915H |
400.000
.Eur |
16,00 |
|
LIUZZI
FRANCESCO |
LZZFNC54M18F915S |
125.000
.Eur |
5,00 |
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 |
|
(
SVILUPPO IMPRESE BARESI - SOCIETA' PER AZIONI ) SVIBA - S.P.A. |
Bari
- IT - |
02613820725 |
1.032
.Eur |
0,50 |
Active |
||
|
Norbeco
S.r.l. |
Noci
- IT - |
04580200725 |
53.295
.Eur |
55,00 |
Active |
||
|
Consorzio
Stabile Progettisti Costruttor i |
Maletto
- IT - |
05092830875 |
Active |
||||
|
Intersysthi
S.r.l. Start-up Costituita A Norma Dell'art. 4 Comma 10 Bis Del Decr |
07930650721 |
25.000
.Eur |
100,00 |
Active |
Firm's
location and structure
In
order to carry out its activities the firm uses the following locations:
|
- |
Legal
and operative seat |
|
Solidarieta'
E Volontariat |
,
10 |
-
70015 |
-
Noci |
(BA) |
-
IT - |
|
PHONE |
:
0804970799 |
|
Legal
mail |
:
SERECO@PEC.IT |
|
Employees |
:
51 |
|
Fittings
and Equipment for a value of 910.000 |
Eur |
|
Stocks
for a value of 5.230.000 |
Eur |
|
Furniture
and fittings for a value of 5.000 |
Eur |
|
Vehicles
for a value of 65.000 |
Eur |
|
Work
in progress for a value of 3.930.000 |
Eur |
Historical
Information and/or Firm's Status
--
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 |
|
BARI
(BA) |
Buildings |
1 |
17/05/2018 |
|
CONVERSANO
(BA) |
Land |
8 |
17/05/2018 |
|
NOCI
(BA) |
Buildings |
6 |
17/05/2018 |
|
NOCI
(BA) |
Land |
1 |
17/05/2018 |
|
Buildings
Details |
|
Cadastre |
Title |
Location |
Sheet
No. |
Particle
No. |
Sub
No. |
Categorie |
Classe |
Consistence |
Cadastrial
Rent |
Part
No. |
|
B |
Proprieta'
per 1/1 |
BARI
(BA) VIA NICOLA DE GIOSA, 29 Piano 2 |
97 |
82 |
86 |
zona2
cat. A/10 |
5 |
3,5
vani |
Euro:2.277,57 |
|
|
B |
Proprieta'
per 1/1 |
NOCI
(BA) VIA DOMENICO ROMANAZZI, NC Piano S1 |
32 |
1187 |
59 |
cat.
C/6 |
3 |
38
mq |
Euro:88,31 |
|
|
B |
Proprieta'
per 1/1 |
NOCI
(BA) VIA MASSIMO D' AZEGLIO, 8 Piano T-1 - 2-3 |
34 |
1522 |
19 |
cat.
A/2 |
3 |
10
vani |
Euro:1.136,21 |
|
|
B |
Proprieta'
per 1/1 |
NOCI
(BA) VIA CAVOUR, 144 Piano 1 |
34 |
652 |
2 |
cat.
A/3 |
3 |
4,5
vani |
Euro:244,03 |
|
|
B |
Proprieta'
per 1/1 |
NOCI
(BA) VIA ZONA INDUSTRIALE, Piano T |
44 |
306 |
cat.
D/8 |
Euro:
6.217,00 |
||||
|
B |
Proprieta'
per 1/1 |
NOCI
(BA) VIA ZONA INDUSTRIALE, NC Piano T-1 - 2-S1 |
44 |
465 |
1 |
cat.
D/1 |
Euro:
18.867,50 |
|||
|
B |
Proprieta'
per 1/1 |
NOCI
(BA) VIA ZONA INDUSTRIALE, NC Piano 1 |
44 |
465 |
2 |
cat.
A/2 |
1 |
5
vani |
Euro:400,25 |
|
Land
Details |
|
Cadastre |
Title |
Location |
Sheet
No. |
Particle
No. |
Sub
No. |
Category |
Class |
Consistence |
Cadastrial
Rent |
Part
No. |
|
L |
Proprieta'
per 1/1 |
CONVERSANO
(BA) |
75 |
197 |
MANDORLETO |
3 |
15
are 92 ca |
R.D.Euro:5,34
R.A. Euro: 2,88 |
39759 |
|
|
L |
Proprieta'
per 1/1 |
CONVERSANO
(BA) |
75 |
44 |
MANDORLETO |
3 |
19
are 95 ca |
R.D.Euro:6,70
R.A. Euro: 3,61 |
27983 |
|
|
L |
Proprieta'
per 1/1 |
CONVERSANO
(BA) |
75 |
45 |
ULIVETO |
3 |
21
are 15 ca |
R.D.Euro:7,10
R.A. Euro: 5,46 |
11337 |
|
|
L |
Proprieta'
per 1/1 |
CONVERSANO
(BA) |
75 |
56 |
VIGNETO |
3 |
38
are 44 ca |
R.D.Euro:32,76
R.A. Euro: 19,85 |
18216 |
|
|
L |
Proprieta'
per 1/1 |
CONVERSANO
(BA) |
75 |
58 |
MODELLO
26 |
R.A.
Euro: R.A. Euro: |
||||
|
L |
Proprieta'
per 1/1 |
CONVERSANO
(BA) |
75 |
59 |
MANDORLETO |
3 |
5
are 97 ca |
R.D.Euro:2,00
R.A. Euro: 1,08 |
8797 |
|
|
L |
Proprieta'
per 1/1 |
CONVERSANO
(BA) |
75 |
61 |
SEMIN
ARBOR |
3 |
48
are 44 ca |
R.D.Euro:20,01
R.A. Euro: 17,51 |
13987 |
|
|
L |
Proprieta'
per 1/1 |
CONVERSANO
(BA) |
75 |
68 |
ULIVETO |
4 |
13
are 30 ca |
R.D.Euro:3,43
R.A. Euro: 3,09 |
18216 |
|
|
L |
Proprieta'
per 1/1 |
NOCI
(BA) |
44 |
567 |
ULIVETO |
2 |
22
ca |
R.D.Euro:0,07
R.A. Euro: 0,06 |
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 1989.
The economic-financial analysis has been made
on the base of the b/s of the latests three years.
In the economic management , good and bad results
followed on by turns. with a negative economic result in the last financial
year. Business volume is falling in the last financial year.
A loss is registered as to the operating
result (-1,26%).
The amount of the operating loss for 2016 is
equal to Eur. -224.444.
A gross operating margine for a value of Eur.
298.933 was reached. , with a -92,08% decrease.
Very good financial situation: shareholder's
equity covers short-terms debts with an indebtedness level equal to 0,73 which is
yet rising if compared to 2015.
The equity capital is equal to Eur. 8.593.790
on the same levels as the year before.
Total indebtedness was equal to Eur.
8.081.622 (Eur. 1.547.501 was the value of m/l term debts) on the same levels
as the year before.
The company does not exceed in bank credits;
payments average period is instead slightly high (138,16 gg.) even if it still
falls within the sector's average.
Liquidity is good (1,34)
Trade credits average terms are slow, on
average 126,14 days. but in line with the sector.
The financial management generated a cash
flow of Eur. 278.022.
Labour cost amounts to Eur. 2.247.576, with a
28,7% incidence on production costs. , whereas 33,84% is the incidence on sales
revenues.
The financial management has a limited
economic impact, equal to -0,35% on the sales.
Financial
Data
|
|
Complete
balance-sheet for the year |
al
31/12/2016 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
6.642.418 |
|
Profit
(Loss) for the period |
-245.355 |
|
|
Complete
balance-sheet for the year |
al
31/12/2015 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
14.995.913 |
|
Profit
(Loss) for the period |
2.132.988 |
|
|
Complete
balance-sheet for the year |
al
31/12/2014 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
17.072.584 |
|
Profit
(Loss) for the period |
2.989.252 |
|
|
Complete
balance-sheet for the year |
al
31/12/2013 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
12.283.370 |
|
Profit
(Loss) for the period |
1.546.457 |
|
|
Complete
balance-sheet for the year |
al
31/12/2012 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
8.605.976 |
|
Profit
(Loss) for the period |
566.373 |
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 |
0,49 |
0,48 |
0,33 |
0,16 |
|
Elasticity
Ratio |
Units |
0,49 |
0,51 |
0,66 |
0,77 |
|
Availability
of stock |
Units |
0,29 |
0,29 |
0,28 |
0,08 |
|
Total
Liquidity Ratio |
Units |
0,20 |
0,22 |
0,38 |
0,74 |
|
Quick
Ratio |
Units |
0,02 |
0,01 |
0,09 |
0,06 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net
Short-term indebtedness |
Units |
0,73 |
0,55 |
0,83 |
4,99 |
|
Self
Financing Ratio |
Units |
0,48 |
0,54 |
0,45 |
0,13 |
|
Capital
protection Ratio |
Units |
0,74 |
0,53 |
0,40 |
0,56 |
|
Liabilities
consolidation quotient |
Units |
0,31 |
0,41 |
0,07 |
0,13 |
|
Financing |
Units |
0,94 |
0,74 |
1,04 |
5,59 |
|
Permanent
Indebtedness Ratio |
Units |
0,59 |
0,66 |
0,49 |
0,28 |
|
M/L
term Debts Ratio |
Units |
0,11 |
0,12 |
0,03 |
0,07 |
|
Net
Financial Indebtedness Ratio |
Units |
0,44 |
0,20 |
0,00 |
1,35 |
|
CORRELATION |
|||||
|
Fixed
assets ratio |
Units |
1,21 |
1,38 |
1,47 |
1,60 |
|
Current
ratio |
Units |
1,34 |
1,70 |
1,43 |
1,07 |
|
Acid
Test Ratio-Liquidity Ratio |
Units |
0,54 |
0,74 |
0,82 |
1,03 |
|
Structure's
primary quotient |
Units |
0,98 |
1,12 |
1,37 |
0,93 |
|
Treasury's
primary quotient |
Units |
0,06 |
0,04 |
0,19 |
0,10 |
|
Rate
of indebtedness ( Leverage ) |
% |
207,78 |
186,23 |
221,59 |
737,71 |
|
Current
Capital ( net ) |
Value |
2.231.037 |
3.890.912 |
4.055.733 |
32.651 |
|
RETURN |
|||||
|
Return
on Sales |
% |
4,19 |
17,60 |
19,27 |
2,53 |
|
Return
on Equity - Net- ( R.O.E. ) |
% |
-2,86 |
21,66 |
32,72 |
6,36 |
|
Return
on Equity - Gross - ( R.O.E. ) |
% |
-2,88 |
31,79 |
48,86 |
27,35 |
|
Return
on Investment ( R.O.I. ) |
% |
-1,26 |
17,25 |
21,71 |
4,79 |
|
Return/
Sales |
% |
-3,38 |
21,10 |
25,73 |
3,77 |
|
Extra
Management revenues/charges incid. |
% |
n.c. |
67,42 |
68,04 |
20,52 |
|
Cash
Flow |
Value |
278.022 |
2.639.526 |
3.289.701 |
28.016 |
|
Operating
Profit |
Value |
-224.444 |
3.163.710 |
4.393.527 |
35.957 |
|
Gross
Operating Margin |
Value |
298.933 |
3.777.248 |
5.359.607 |
60.696 |
|
MANAGEMENT |
|||||
|
Credits
to clients average term |
Days |
126,14 |
70,57 |
112,75 |
151,19 |
|
Debts
to suppliers average term |
Days |
138,16 |
98,61 |
133,81 |
140,10 |
|
Average
stock waiting period |
Days |
283,42 |
128,16 |
120,31 |
14,21 |
|
Rate
of capital employed return ( Turnover ) |
Units |
0,37 |
0,82 |
0,84 |
1,38 |
|
Rate
of stock return |
Units |
1,27 |
2,81 |
2,99 |
27,66 |
|
Labour
cost incidence |
% |
33,84 |
19,89 |
18,80 |
16,90 |
|
Net
financial revenues/ charges incidence |
% |
-0,35 |
-0,24 |
-0,09 |
-0,75 |
|
Labour
cost on purchasing expenses |
% |
28,70 |
24,64 |
22,65 |
16,32 |
|
Short-term
financing charges |
% |
0,56 |
0,49 |
0,33 |
1,85 |
|
Capital
on hand |
% |
268,83 |
122,31 |
118,56 |
71,96 |
|
Sales
pro employee |
Value |
94.891 |
161.246 |
170.725 |
199.603 |
|
Labour
cost pro employee |
Value |
32.108 |
32.065 |
32.097 |
34.073 |
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 590 significant companies.
The
companies cash their credits on an average of 151 dd.
The
average duration of suppliers debts is about 140 dd.
The
sector's profitability is on an average of 2,53%.
The
labour cost affects the turnover in the measure of 16,90%.
Goods
are held in stock in a range of 14 dd.
The
difference between the sales volume and the resources used to realize it is
about 1,38.
The
employees costs represent the 16,32% of the production costs.
Statistical
Detrimental Data
Statistcally
the trade activity shows periods of crisis.
The
area is statistically considered remarkably risky.
In
the region 41.341 protested subjects are found; in the province they count to
14.510.
The
insolvency index for the region is 1,02, , while for the province it is 0,92.
Total
Bankrupt companies in the province : 8.292.
Total
Bankrupt companies in the region : 15.496.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.95 |
|
|
1 |
INR 91.87 |
|
Euro |
1 |
INR 80.27 |
|
Euro |
1 |
INR 80.01 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
DNS |
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.