MIRA
INFORM REPORT
|
Report Date : |
20th
June 2006 |
IDENTIFICATION
DETAILS
|
Name : |
SAFOSA S.P.A. |
|
|
|
|
Registered Office : |
Via Lombardia, 1
20083
- Gaggiano (MI) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31/12/2004 |
|
|
|
|
Date of Incorporation : |
17/10/1983 |
|
|
|
|
Legal Form : |
Joint Stock company with sole shareholder |
|
|
|
|
Line of Business : |
Engaged
in :-
|
RATING & COMMENTS
|
MIRA’s Rating : |
Aaa |
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular
|
|
|
|
|
Litigation : |
Clear |
name & address
SAFOSA S.P.A.
Via Lombardia, 1
20083 - Gaggiano (MI) -IT-
SUMMARY
|
Fiscal Code |
: |
07155630150 |
|
Legal Form |
: |
Joint
Stock company with sole shareholder |
|
Foundation Date |
: |
17/10/1983 |
|
Patrimonial Consistence |
: |
Over
2.500.000 Eur |
|
Turnover Range |
: |
75.000.000/100.000.000
Eur |
|
Number of Employees |
: |
from
251 to 500 |
CREDIT ANALYSIS
|
|
|
Financial/patrimonial analysis very good
- Credit with very low risk |
|
|
|
n.b.: The Creditworthness Rate shows, in
percentage, the ratio between the suggested credit opinion and the credit
amount that the firm could get if the financial situation would be completely
positive. |
ACTIVITY
Production
of soaps, detergents, parfumes and personal hygienic articles.
Production
of personal hygienic products and parfumes.
LEGAL DATA
Legal
Form : Joint Stock company with sole shareholder
|
Fiscal Code : 07155630150 |
|
Foreign Trade Reg. no. : 156808 of Milano
since 07/05/1992 |
|
Chamber of Commerce no. : 1142950 of
Milano since 16/12/1983 |
|
Firms' Register : MI149-25696 since
19/02/1996 |
|
Court : 28666 of Milano since 21/11/1983 |
|
Foundation Date |
: 17/10/1983 |
|
|
Establishment Date |
: 17/10/1983 |
|
|
Legal Duration Date |
: 31/12/2030 |
|
|
Paid up Capital |
:
2.800.000 |
Eur |
MEMBERS
|
Sciorilli Borrelli |
Ivo |
|
Born in ROMA |
on 02/04/1950 |
- Fiscal Code : SCRVIO50D02H501R |
|
Residence : |
Via |
BREEAZONA |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
09/12/2004 |
|
|
No
Protests registered.
|
Castelli |
Alberto Carlo |
|
Born in MILANO |
on 06/10/1954 |
- Fiscal Code : CSTLRT54R06F205I |
|
Residence : |
Via |
VIA LAVIZZARI |
, 2-A |
LUGANO |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
09/12/2004 |
|
|
No
Protests registered.
|
Lo Feudo |
Eugenio Paolo |
|
Born in MILANO |
on 26/09/1962 |
- Fiscal Code : LFDGPL62P26F205S |
|
Residence : |
Via |
CESARE BATTISTI |
, 1 |
- 20031 |
Cesano Maderno |
(MI) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special power |
21/07/2004 |
|
|
No
Protests registered.
|
Fanfani Marco |
|
|
Born in BUENOS AIRES |
on 04/08/1955 |
- Fiscal Code : FNFMRC55M04Z600R |
|
Residence : |
Via |
STRADA RADI-SIENA |
, 1473B |
- 53014 |
Monteroni d'Arbia |
(SI) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
10/06/2005 |
|
|
No
Protests registered.
|
PRESTIGIACOMO |
FRANCO |
|
Born in GENOVA |
on 24/08/1966 |
- Fiscal Code : PRSFNC66M24D969E |
|
Residence : |
Via |
GIOTTO RES. GOLFO |
, 442 |
- 20089 |
Basiglio |
(MI) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Board Chairman |
09/12/2004 |
|
|
No
Protests registered.
|
BOSCO |
RICCARDO |
|
Born in ROMA |
on 03/08/1952 |
- Fiscal Code : BSCRCR52M03H501S |
|
Residence : |
Via |
CAPPUCCINI |
, 14 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
09/12/2004 |
|
|
No
Protests registered.
|
FRACCARO |
ADELMO ALBERTO |
|
Born in CALICE AL CORNOVIGLIO |
on 05/12/1946 |
- Fiscal Code : FRCDML46T05B410R |
|
Residence : |
Via |
SESTO CALENDE |
, 14 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
09/12/2004 |
|
|
No
Protests registered.
|
HOLDING SVILUPPO PARTECIPAZIONI S.P.A.
|
|
|
- Fiscal Code : 04967660962 |
|
Residence : |
Via |
SARDEGNA |
, 30 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Sole partner |
25/01/2006 |
|
|
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 held positions.
|
PRESTIGIACOMO |
FRANCO |
|
Company Style |
Legal
Seat |
Fiscal
Code |
Position |
Firm
Status |
|
SIME
PRESSOFUSIONI S.P.A. |
Milano (MI) - IT - |
07325760150 |
Director |
Ceased |
|
S.I.M.I. - SOCIETA' ITALO-SVIZZERA METALLI INIETTATI SOCIETA'
PERAZIONI |
Cormano (MI) - IT - |
00737610154 |
Director |
Ceased |
|
FAENZA
STILE S.R.L. |
Castel Bolognese (RA) - IT - |
01001060399 |
Director |
Registered |
|
F.I.M.
- FONDERIA INDUSTRIE MECCANICHE S.P.A. |
Cormano (MI) - IT - |
00195830260 |
Director |
Ceased |
|
S.I.S.
SOCIETA' ITALIANA STAMPI S.P.A. |
Bovisio-Masciago (MI) - IT - |
06214370154 |
Director |
Registered |
|
LUXY
ITALIA SRL - UNIPERSONALE |
Montecchio Maggiore (VI) - IT - |
02424770242 |
Director |
Ceased |
|
MAX
PARFUMS E CO. ITALIA SPA |
Milano (MI) - IT - |
12529930153 |
Director |
Ceased |
|
A.P.V.
RATTO S.P.A. |
Genova (GE) - IT - |
02752880100 |
Director |
Registered |
|
MAX-SPEDIT
SRL |
Lainate (MI) - IT - |
10459100151 |
Director |
Registered |
|
INDUSTRIE
APV RATTO S.R.L. |
- - |
12969820153 |
Director |
Ceased |
|
OTTOBRE
2000 SRL |
- - |
13236880152 |
Sole Director |
Registered |
|
ELLECI
S.R.L. MECCANICA DI PRECISIONE |
- - |
06365851002 |
Director |
Registered |
|
SVILUPPO
ARREDO UFFICIO ITALIA S.R.L. |
Milano (MI) - IT - |
03354390969 |
Director |
Ceased |
|
INDUSTRIE
FIM S.P.A. |
Valdobbiadene (TV) - IT - |
03738790264 |
Director |
Ceased |
|
PARFUM
E CO. S.R.L. |
Parabiago (MI) - IT - |
03570210967 |
Director |
Ceased |
|
MAX
PARFUMS S.P.A. |
Parabiago (MI) - IT - |
04444700969 |
Board Chairman |
Registered |
|
INDUSTRIE
IMES S.R.L. |
Milano (MI) - IT - |
03726540960 |
Sole Director |
Ceased |
|
SVILUPPO
MAGLIERIA S.R.L. |
Milano (MI) - IT - |
04795570961 |
Director |
Ceased |
|
BLT
S.R.L. |
Milano (MI) - IT - |
05090880963 |
Board Chairman |
Registered |
|
FORM
REAL ESTATE S.R.L. |
Cormano (MI) - IT - |
05247350969 |
Sole Director |
Registered |
The
indication "REGISTERED" as Firm Status could refere to Firms in
Liquidation, Active, Inactive, etc.
For more
information, in this case, we advise to request further investigations.
CAPITAL SHAREHOLDERS
|
Style
/ Name |
Seat
/ Address |
Fiscal
Code |
Owned
Shares |
%
of Ownership |
|
HOLDING SVILUPPO PARTECIPAZIONI S.P.A. |
Milano - IT - |
04967660962 |
|
100,00
|
DIRECT PARTICIPATIONS
The
Company under review has no participations in other Companies.
STRUCTURE AND COMPANY ACTIVITY
In order
to carry out its activities the firm uses the following locations:
|
- |
Registered office |
in : |
|
|
|
|
|
Via |
Lombardia |
, 1 |
- 20083 - |
Gaggiano |
(MI) |
- IT - |
|
|
|
|
PHONE |
no. 02/9184548 |
|
- |
Operative seat |
since 01/01/2003 |
in : |
|
|
|
|
|
Via |
Lombardia |
, 1 |
- 20083 - |
Gaggiano |
(MI) |
- IT - |
|
|
|
|
PHONE |
no. 02/908471 |
|
|
|
|
FAX |
no. 02/90847358 |
|
- |
Secondary office |
(Factory ) |
since 01/04/2006 |
in : |
|
|
|
|
|
Via |
Castelli Fiorenza |
, 33/37 |
- 20017 - |
Rho |
(MI) |
- IT - |
|
|
|
|
Employees |
:
388 |
|
|
|
|
Assistants |
: 5 |
|
|
|
|
Fittings and Equipment |
for
a value of 7.328.523 |
Eur |
|
|
|
|
Stocks |
for
a value of 10.990.202 |
Eur |
|
|
|
|
Furniture and fittings |
for
a value of 36.151 |
Eur |
|
|
|
|
Vehicles |
for
a value of 30.987 |
Eur |
Trade
organization: direct or by agents.
The
company sells in Italy and abroad.
|
|
The firm
operates abroad as importer / exporter. .
To
purchase foreign products the firm uses the following channels :
|
- distributors |
Export
represents up to 20% of the global turnover.
Products
abroad are placed by :
|
- importers |
Import
comes generally from the following nations:
|
- Germania |
|
- Francia |
|
- Gran Bretagna |
HISTORICAL INFORMATION
|
Ex-Members / Ex-Positions |
|
Fossati |
Antonio |
|
Born in PAVIA |
on 13/05/1938 |
- Fiscal Code : FSSNTN38E13G388Z |
|
Residence : |
Via |
SAVONA |
, 0094 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Chairman |
|
Director |
|
Board Chairman |
|
Salvi |
Andrea |
|
Born in Milano |
on 23/03/1965 |
- Fiscal Code : SLVNDR65C23F205X |
|
Fiscal residence : |
Via |
Ponte Seveso |
, 40 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Managing Director |
|
NEGRI |
ENZO |
|
Born in MILANO |
on 16/08/1932 |
- Fiscal Code : NGRNZE32M16F205K |
|
Residence : |
Via |
FALK |
, 5 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Director |
|
VILLA |
ROBERTO |
|
Born in RHO |
on 06/12/1951 |
- Fiscal Code : VLLRRT51T06H264J |
|
Residence : |
Via |
OSMA CARLO |
, 5 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Permanent Auditor |
|
LARENO FACCINI |
VALERIO |
|
Born in MILANO |
on 20/06/1951 |
- Fiscal Code : LRNVLR51H20F205K |
|
Residence : |
Via |
CALDARA EMILIO |
, 24 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Temporary Auditor |
|
BERNARDI |
PAOLO FERDINANDO |
|
Born in VIMODRONE |
on 11/07/1957 |
- Fiscal Code : BRNPFR57L11M053C |
|
Residence : |
Via |
TAGLIAMENTO |
, 27 |
- 20090 |
Vimodrone |
(MI) |
- IT - |
|
Position |
|
Director |
|
SCIORILLI BORRELLI |
IVO |
|
Born in ROMA |
on 02/04/1950 |
- Fiscal Code : SCRVIO50D02H501R |
|
Residence : |
BREEAZONA |
- CH - |
|
Position |
|
Director |
|
PRESTIGIACOMO |
FRANCO |
|
Born in GENOVA |
on 24/08/1966 |
- Fiscal Code : PRSFNC66M24D969E |
|
Residence : |
Via |
GIOTTO RES. GOLFO |
, 442 |
- 20089 |
Basiglio |
(MI) |
- IT - |
|
Position |
|
Director |
|
CASTELLI |
ALBERTO CARLO |
|
Born in MILANO |
on 06/10/1954 |
- Fiscal Code : CSTLRT54R06F205I |
|
Residence : |
VIA LAVIZZARI |
, 2-A |
LUGANO |
- CH - |
|
Position |
|
Director |
|
FRACCARO |
ADELMO ALBERTO |
|
Born in CALICE AL CORNOVIGLIO |
on 05/12/1946 |
- Fiscal Code : FRCDML46T05B410R |
|
Residence : |
Via |
SESTO CALENDE |
, 14 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Assistant board Chairman |
|
ANTRUS CONSULTADORIA E MARKETING LDA |
|
|
|
|
Position |
|
Sole partner |
PAYMENTS ANALYSIS
The
average term of debts to suppliers is shorter than the sector one.
PAYMENTS
SCORE :- No insolvency
CREDIT REVOLVING
During
last Year, the subject of inquiry has not been monitored by our company.
PROTESTS
Protests
checking on the subject firm has given a negative result.
LEGAL PROCEDURES
None
reported, standing to the last received edition of the Official Publications.
BANKERS
|
Bank
Name |
Agency
Name |
Address |
ZIP
Code |
City |
ABI
Code |
CAB
Code |
|
BANCA POPOLARE EMILIA ROMAGNA |
|
|
|
|
|
|
IMMOVABLES *
*No
specific (mortgage/cadastrial registrations) inspections have been requested.
None
reported in the name of the Firm.
FINANCIAL AND ECONOMICAL ANALYSIS
Subject
is active since 1983
During
the last years, it achieved profits (r.o.e. 23,02% on 2004) keeping the
turnover steady during the last two years.
The
operating result in 2004 was positive (9,63%) and reflects the field's average.
The
analysis shows a fair financial position as the indebtedness volume is acceptable
(3,37) and falling as against the previous year (5,52).
The
company does not exceed in bank credits; payments average period is instead
slightly high (91,8 gg.) but lower than the field average.
The
available funds are good.
FINANCIAL DATA
|
Complete balance-sheet for the year as at
|
31/12/2004 |
(in Eur |
x 1 ) |
|
Item
Type |
Amount |
Source |
|
Sales |
91.594.912 |
filed balance sheet |
|
Profit (Loss) for the period |
1.562.531 |
filed balance sheet |
|
Complete balance-sheet for the year as at
|
31/12/2003 |
(in Eur |
x 1 ) |
|
Item
Type |
Amount |
Source |
|
Sales |
92.199.310 |
filed balance sheet |
|
Profit (Loss) for the period |
1.791.314 |
filed balance sheet |
|
Complete balance-sheet for the year as at
|
31/12/2002 |
(in Eur |
x 1 ) |
|
Item
Type |
Amount |
Source |
|
Sales |
22.134.826 |
filed balance sheet |
|
Profit (Loss) for the period |
1.312.316 |
filed balance sheet |
|
Complete balance-sheet for the year as at
|
31/12/2001 |
(in Eur |
x 1 ) |
|
Item
Type |
Amount |
Source |
|
Sales |
25.024.402 |
filed balance sheet |
|
Profit (Loss) for the period |
1.665.057 |
filed balance sheet |
|
Complete balance-sheet for the year as at
|
31/12/2000 |
(in Eur |
x 1 ) |
|
Item
Type |
Amount |
Source |
|
Sales |
18.299.617 |
filed balance sheet |
|
Profit (Loss) for the period |
1.444.529 |
filed balance sheet |
BALANCE SHEETS
From our
constant monitoring of the Public Administration, actually, no more recent
balance sheets result to be filed.
|
Balance
Sheet as at 31/12/2004 - Months 12 - Currency Eur - Amounts x 1 |
|
Balance
Sheet as at 31/12/2003 - Months 12 - Currency Eur - Amounts x 1 |
|
Years |
|
|
2004 |
2003 |
|
|
BALANCE SHEET ACCOUNTS |
|
|
|
|
. |
|
|
|
|
|
ASSETS |
|
|
|
|
|
CREDITS TO SHAREHOLDERS |
|
|
|
|
|
FIXED ASSETS ( NET ) |
|
|
7.895.241 |
7.070.342 |
|
. Intangible assets |
|
|
806.541 |
803.586 |
|
. Tangible fixed assets |
|
|
7.078.700 |
6.266.756 |
|
. . Land and buildings |
|
|
|
|
|
. . Plants, Equipm.and Machinery |
|
|
6.783.040 |
5.609.408 |
|
. Long-term Investments |
|
|
10.000 |
|
|
. . Financial loans |
|
|
10.000 |
|
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
30.630.078 |
39.257.564 |
|
. Stock |
|
|
6.696.418 |
9.677.431 |
|
. Credits |
|
|
19.202.310 |
24.789.656 |
|
. . Credits to clients |
|
|
15.826.158 |
20.939.461 |
|
. . Other credits |
|
|
3.376.152 |
3.850.195 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
4.731.350 |
4.790.477 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
1.001.167 |
1.332.671 |
|
TOTAL ASSETS |
|
|
39.526.486 |
47.660.577 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
6.785.448 |
5.679.879 |
|
. Company's capital |
|
|
2.800.000 |
2.800.000 |
|
. Reserves |
|
|
2.422.917 |
1.088.565 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
1.562.531 |
1.791.314 |
|
PROVISION CHARGES ACCOUNTS |
|
|
70.000 |
60.000 |
|
STAFF TERM INDEMNITY |
|
|
3.953.196 |
4.228.006 |
|
DEBTS |
|
|
28.680.904 |
37.652.953 |
|
. Financial M/L terms |
|
|
1.061.966 |
1.460.013 |
|
. . Financial M/L term banks |
|
|
1.061.966 |
1.460.013 |
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
7.550.531 |
7.346.403 |
|
. . Financial short-term banks |
|
|
7.550.531 |
7.346.403 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
|
|
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
17.098.119 |
23.184.947 |
|
. Sundry M/L debts |
|
|
|
48.520 |
|
. Sundry short-term debts |
|
|
2.970.288 |
5.613.070 |
|
ACCRUED COSTS DEFERR. LIABILITIES |
|
|
36.938 |
39.739 |
|
TOTAL LIABILITIES |
|
|
39.526.486 |
47.660.577 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
91.368.549 |
94.776.387 |
|
. Revenues from sales/services |
|
|
91.594.912 |
92.199.310 |
|
. Change of stock (products) |
|
|
-1.198.694 |
1.871.513 |
|
OPERATING EXPENSES |
|
|
87.559.488 |
90.684.600 |
|
. Purchasing expenses |
|
|
56.500.138 |
64.406.347 |
|
. Change of stock (raw material) |
|
|
1.782.320 |
-3.722.151 |
|
. Expenses from services |
|
|
8.438.644 |
9.915.349 |
|
. Expenses from leasing |
|
|
2.092.097 |
2.170.535 |
|
. General expenses/sundry charges |
|
|
2.572.213 |
2.092.317 |
|
. Staff expenses |
|
|
14.818.338 |
13.763.367 |
|
. Depreciation/Devaluation costs |
|
|
1.355.738 |
2.058.836 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-214.192 |
-212.573 |
|
. Financial charges |
|
|
-295.367 |
-318.239 |
|
. Financial revenues |
|
|
81.175 |
105.666 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES
(CHARGES) |
|
|
115.297 |
115.396 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
3.710.166 |
3.994.610 |
|
TAX |
|
|
2.147.635 |
2.203.296 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
1.562.531 |
1.791.314 |
|
RATIOS |
Item |
O.V. |
O.V. |
as
at 31/12/2004 |
as
at 31/12/2003 |
Sector
Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
1,49 |
1,61 |
1,32 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
3,37 |
5,52 |
2,96 |
|
Current ratio |
Units |
=> 1 |
l |
1,10 |
1,08 |
1,09 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
0,86 |
0,81 |
0,83 |
|
Return on Sales |
% |
|
l |
3,18 |
4,17 |
4,40 |
|
Average stock waiting period |
dd |
|
l |
26,31 |
37,76 |
50,22 |
|
Credits to clients average term |
dd |
|
l |
62,17 |
81,75 |
116,56 |
|
Debts to suppliers average term |
dd |
|
l |
91,80 |
109,11 |
139,08 |
|
Net financial revenues/ charges incidence |
% |
|
l |
-
0,23 |
-
0,23 |
-
1,16 |
|
Labour cost incidence |
% |
|
l |
16,17 |
14,92 |
12,62 |
O.V.
= Optimal Value. When not present refer to the sector's.
A
coloured item indicates the opinion of the rate during the last financial year
(green=good;
orange=not optimal; red=insufficient; n.c.=not computable)
CREDIT OPINION DETERMINATION
The
credit opinion determination is divided into two phases :
1) Risk
analysis (Score).
2)
Reliability score identification.
RISK ANALYSIS (SCORE)
On the
base of precise indicators as "Activity sector", "Area",
"Firm's foundation", "Payment
analysis","Profitability", we analysed the companies included in
the same activity sector of subject company, classifying them by their own risk
score.
RELIABILITY SCORE
Considering
also subject's structural and behavioural characteristics its credit margin
rate (from 0 to 100%) is equal to 100%, in respect of a sector average of 48%.
CREDIT OPINION
On the
basis of the above mentioned, and the sales volume obtained, we deem that the
maximum exposure for short and medium term transactions ( 90 - 120 days ) could
be of:
1.237.400 .Eur.
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.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
3.839.216 |
|
Population living in the region |
: |
9.393.092 |
|
Number of families in the region |
: |
3.858.736 |
Monthly
family expences average in the region (in Eur.) :
|
- per food products |
: |
460 |
|
- per non food products |
: |
2.090 |
|
- per energy consume |
: |
114 |
SECTOR DATA
The
values are calculated on a base of 85 significant companies.
The
companies cash their credits on an average of 116 dd.
The average
duration of suppliers debts is about 139 dd.
The
sector's profitability is on an average of 4,40%.
The
labour cost affects the turnover in the measure of 12,62%.
Goods
are held in stock in a range of 50 dd.
The
difference between the sales volume and the resources used to realize it is
about 1,23.
The
employees costs represent the 12,63% of the production costs.
STATISTICAL DETRIMENTAL DATA
Statistically
the trade activity shows trifling crises.
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.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |