MIRA
INFORM REPORT
|
Report Date : |
31.07.2007 |
IDENTIFICATION DETAILS
|
Name : |
Comet S.p.a. |
|
|
|
|
Registered Office : |
Via Guido Dorso, 4 42100 - Reggio Emilia (RE) - IT |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
25/07/1989 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture of dewatering pumps, centrifugal pumps, piston pumps,
rotary pumps etc. Manufacture of other pumps, compressors, industrial ventilators etc. Manufacture of pumps and compressors ( spare parts, installation,
maintenance and repairing ). |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
854.700 - Eur |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
name & address
Comet S.p.a.
Via
Guido Dorso, 4
42100 - Reggio
Emilia (RE) -IT-
SUMMARY
|
Legal Form |
: |
Joint stock company |
|
Start of Activities |
: |
25/07/1989 |
|
Patrimonial Consistence |
: |
Over 2.500.000 Eur |
|
|
: |
35.000.000/50.000.000 Eur |
|
Number of Employees |
: |
from 251 to 500 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
854.700 - Eur |
ACTIVITY
Manufacture of dewatering pumps, centrifugal pumps, piston pumps, rotary
pumps etc.
Manufacture of other pumps, compressors, industrial ventilators etc.
Manufacture of pumps and compressors ( spare parts, installation,
maintenance and repairing ).
LEGAL DATA
Legal Form : Joint stock company
|
Fiscal Code : 01392660351 |
|
Foreign Trade Reg. no. : RE004460 since 06/12/1991 |
|
Chamber of Commerce no. : 181918 of Reggio Emilia since 15/09/1989 |
|
Firms' Register : RE033-19133 since 19/02/1996 |
|
Establishment Date |
: 25/07/1989 |
|
|
Start of Activities |
: 25/07/1989 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 2.600.000 |
Eur |
|
Subscribed Capital |
: 2.600.000 |
Eur |
|
Paid up Capital |
: 2.600.000 |
Eur |
MEMBERS
|
BECCHI SILVANO |
|
|
Born in REGGIO EMILIA |
(RE) |
on 24/12/1935 |
- Fiscal Code : BCCSVN35T24H223C |
|
Residence : |
Via |
AUGERA 5 A |
- 42023 |
CADELBOSCO DI SOPRA |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2005 |
|
|
No Protests registered.
|
Zambelli |
Guerrino |
|
Born in Bagnolo in Piano |
(RE) |
on 31/08/1942 |
- Fiscal Code : ZMBGRN42M31H223L |
|
Residence : |
Via |
Chiesa - Pieve Rossa |
, 5/1 |
- 42011 |
Bagnolo in Piano |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2005 |
|
|
No Protests registered.
|
Paterlini |
Rolando |
|
Born in Montecchio Emilia |
(RE) |
on 29/05/1939 |
- Fiscal Code : PTRRND39E29F463P |
|
Residence : |
Via |
Aldo Moro |
, 12 |
- 42027 |
Montecchio Emilia |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2005 |
|
|
|
Assistant board Chairman |
29/04/2005 |
|
|
|
Baldi |
Renzo |
|
Born in Reggio Emilia |
(RE) |
on 16/02/1949 |
- Fiscal Code : BLDRNZ49B16H223F |
|
Residence : |
Via |
Durante |
, 16 |
- 42100 |
Reggio Emilia |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
29/04/2005 |
|
|
|
Director |
29/04/2005 |
|
|
|
Board Chairman |
29/04/2005 |
|
|
No Protests registered.
|
Merlatti |
Romano |
|
Born in Reggio Emilia |
(RE) |
on 31/05/1933 |
- Fiscal Code : MRLRMN33E31H223A |
|
Residence : |
Via |
Valcavi |
, 6 |
- 42100 |
Reggio Emilia |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2005 |
|
|
|
Ugolotti |
Gian Pietro |
|
Born in Montecchio Emilia |
(RE) |
on 23/10/1952 |
- Fiscal Code : GLTGPT52R23F463X |
|
Residence : |
Via |
Loris Boni |
, 13 |
- 42027 |
Montecchio Emilia |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
29/04/2005 |
|
|
|
Director |
29/04/2005 |
|
|
|
General Manager |
|
|
|
|
Benaglia |
Aldo |
|
Born in Gualtieri |
(RE) |
on 15/12/1966 |
- Fiscal Code : BNGLDA66T15H223M |
|
Residence : |
Via |
Statale 63 |
, 140 |
- 42044 |
Gualtieri |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2005 |
|
|
|
Magnanini |
Andrea |
|
Born in Correggio |
(RE) |
on 21/02/1963 |
- Fiscal Code : MGNNDR63B21D037V |
|
Residence : |
Corso |
Cavour |
, 12 |
- 42015 |
Correggio |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Representative of bondholders |
08/07/2004 |
|
|
|
Bellamico |
Fausto |
|
Born in Reggio Emilia |
(RE) |
on 21/12/1949 |
- Fiscal Code : BLLFST49T21H298V |
|
Residence : |
Via |
Gozzano |
, 26 |
- 42100 |
Reggio Emilia |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2005 |
|
|
|
Spaggiari |
Vilmo |
|
Born in Bagnolo in Piano |
(RE) |
on 25/02/1940 |
- Fiscal Code : SPGVLM40B25A573A |
|
Residence : |
Via |
Chiesa |
, 5/2 |
- 42011 |
Bagnolo in Piano |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/04/2006 |
|
|
|
Ferrari |
Giuliano |
|
Born in Reggio Emilia |
(RE) |
on 21/09/1950 |
- Fiscal Code : FRRGLN50P21B328E |
|
Residence : |
Via |
Beethonven |
, 163 |
- 42100 |
Reggio Emilia |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2005 |
|
|
No Protests registered.
|
Bartoli |
Luigi |
|
Born in Bagnolo in Piano |
(RE) |
on 28/08/1966 |
- Fiscal Code : BRTLGU66M28H223C |
|
Residence : |
Via |
Xx Settembre |
, 6 |
- 42011 |
Bagnolo in Piano |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2005 |
|
|
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.
|
PATERLINI |
ROLANDO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
BARDIANI VALVOLE S.P.A. |
Fornovo di Taro (PR) - IT - |
01511810341 |
Vice-Chairman |
Dismiss |
Registered |
|
BARDIANI VALVOLE S.P.A. |
Fornovo di Taro (PR) - IT - |
01511810341 |
Director |
Active |
Registered |
|
BARDIANI VALVOLE S.P.A. |
Fornovo di Taro (PR) - IT - |
01511810341 |
Assistant board Chairman |
Active |
Registered |
|
C.M.S. ELECTRIC MOTORS - S.R.L. |
|
01786430346 |
Director |
Active |
Registered |
|
C.M.S. ELECTRIC MOTORS - S.R.L. |
|
01786430346 |
Assistant board Chairman |
Active |
Registered |
|
C.S.F. INOX - S.P.A. |
Montecchio Emilia (RE) - IT - |
00678490350 |
Chairman |
- |
Ceased |
|
C.S.F. INOX S.P.A. |
Montecchio Emilia (RE) - IT - |
01338270356 |
Chairman |
Dismiss |
Registered |
|
C.S.F. INOX S.P.A. |
Montecchio Emilia (RE) - IT - |
01338270356 |
Managing Director |
Active |
Registered |
|
C.S.F. INOX S.P.A. |
Montecchio Emilia (RE) - IT - |
01338270356 |
Director |
Active |
Registered |
|
C.S.F. INOX S.P.A. |
Montecchio Emilia (RE) - IT - |
01338270356 |
Board Chairman |
Active |
Registered |
|
CONTE VERDE SRL |
Montecchio Emilia (RE) - IT - |
00491970356 |
Director |
Active |
Registered |
|
FARM SRL |
Reggio Emilia (RE) - IT - |
02218730352 |
Sole Director |
Active |
Registered |
|
FININOX S.R.L. |
Montecchio Emilia (RE) - IT - |
00131830358 |
Chairman |
- |
Ceased |
|
INOX PUMPS S.P.A. |
Fornovo di Taro (PR) - IT - |
01762130340 |
Director |
Active |
Registered |
|
INOX PUMPS S.P.A. |
Fornovo di Taro (PR) - IT - |
01762130340 |
Board Chairman |
Active |
Registered |
|
OMAC S.R.L. |
Rubiera (RE) - IT - |
01484020357 |
Vice-Chairman |
Active |
Registered |
|
OMAC S.R.L. |
Rubiera (RE) - IT - |
01484020357 |
Director |
Active |
Registered |
|
VALVINOX S.N.C. DI PATERLINI, CATELLANI E PATTACINI |
|
00696550359 |
Partner |
- |
Ceased |
|
VERSILIA S.R.L. |
Montecchio Emilia (RE) - IT - |
01845960358 |
Partner |
Dismiss |
Registered |
|
BALDI |
RENZO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
ARKOS S.P.A. |
Brescello (RE) - IT - |
00538110354 |
Vice-Chairman |
- |
Ceased |
|
ARKOS S.R.L. |
Brescello (RE) - IT - |
01375860358 |
Vice-Chairman |
Dismiss |
Registered |
|
C.S.F. INOX S.P.A. |
Montecchio Emilia (RE) - IT - |
01338270356 |
Vice-Chairman |
Dismiss |
Registered |
|
COMET IMMOBILIARE S.R.L. |
Reggio Emilia (RE) - IT - |
02248260354 |
Director |
Active |
Registered |
|
COMET IMMOBILIARE S.R.L. |
Reggio Emilia (RE) - IT - |
02248260354 |
Assistant board Chairman |
Active |
Registered |
|
ERREFIN S.P.A. |
Reggio Emilia (RE) - IT - |
00211100359 |
Director |
- |
Ceased |
|
TECOMEC - S.P.A. |
Bagnolo in Piano (RE) - IT - |
01219320353 |
Director |
Active |
Registered |
|
UGOLOTTI |
GIAN PIETRO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
FIMA S.P.A. |
Bibbiano (RE) - IT - |
00424810356 |
Director |
Active |
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 |
|
Portine Srl |
Gualtieri - IT - |
00356930354 |
273.684 .Eur |
10,52 |
|
Merlatti Romano |
Reggio Emilia - IT - |
MRLRMN33E31H223A |
57.090 .Eur |
2,19 |
|
Inox Pumps S.p.a. |
Fornovo di Taro - IT - |
01762130340 |
304.090 .Eur |
11,69 |
|
Yama S.p.A. |
Reggio Emilia - IT - |
00638290353 |
304.090 .Eur |
11,69 |
|
MERLATTI GIULIANO |
Reggio Emilia - IT - |
MRLGLN58S11H223N |
83.528 .Eur |
3,21 |
|
MERLATI ANDREA |
Reggio Emilia - IT - |
MRLNDR62R29H223P |
83.528 .Eur |
3,21 |
|
|
Reggio Emilia - IT - |
FNTLSN78S23F463T |
76.029 .Eur |
2,92 |
|
VEZZANI MIRELLA |
Reggio Emilia - IT - |
VZZMLL38M49D037L |
63.221 .Eur |
2,43 |
|
|
|
91088910350 |
1.354.736 .Eur |
52,10 |
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:
|
- |
Legal and operative seat |
|
in : |
|
|
|
|
|
Via |
Guido Dorso |
, 4 |
- 42100 - |
Reggio Emilia |
(RE) |
- IT - |
|
|
|
|
|
Covered Surface: 22.000 (Sq.Mt.) |
|
|
|
|
PHONE |
: 0522/386111 |
|
|
|
|
FAX |
: 0522/386286 |
|
|
|
|
Website |
: www.comet.re.it |
|
- |
Office not registered |
|
in : |
|
|
|
|
|
Strada |
Della Mirandola |
, 11 |
- 42100 - |
Reggio Emilia |
(RE) |
- IT - |
|
|
|
|
Employees |
: 268 |
|
|
|
|
Fittings and Equipment |
for a value of
6.922.000 |
Eur |
|
|
|
|
Stocks |
for a value of
14.091.000 |
Eur |
Trade organization: direct or by agents.
Sales area on a national scale.
HISTORICAL
INFORMATION AND/OR FIRM'S
STATUS
|
Former seats |
|
- |
Branch |
(Factory ) |
since 02/01/1995 |
|
|
|
|
|
Via |
Carlo Calvi Di Coenzo |
- 42100 |
- Reggio Emilia |
(RE) |
- IT - |
|
- |
Branch |
(Warehouse ) |
since 23/11/1990 |
until 01/02/1999 |
|
|
|
|
|
S.S. 98 Km. 80-783 |
- 70026 |
- Modugno |
(BA) |
- IT - |
|
- |
Branch |
(Store ) |
since 01/12/1999 |
|
|
|
|
|
Via |
Casorati |
- 42100 |
- Reggio Emilia |
(RE) |
- IT - |
|
- |
Branch |
(Store ) |
since 01/12/2000 |
|
|
|
|
|
Via |
T. Tasso |
- 42023 |
- Cadelbosco di Sopra |
(RE) |
- IT - |
|
Splitting-up and setting-up of a new company |
|
Comet Immobiliare S.r.l. |
|
Via |
Guido Dorso |
, 4 |
, 42100 |
, Reggio Emilia |
(RE) |
- IT - |
|
Fiscal Code: 02248260354 |
|
Date |
Splitting-up : |
13/12/2006 |
|
The firm absorbed by merging of |
|
ORIS S.R.L. |
|
Fiscal Code: 01885230357 |
|
Date |
: |
12/09/2001 |
|
Project of merging by taking over of |
|
ORIS S.R.L. |
|
Fiscal Code: 01885230357 |
|
Date |
Merging/Splitting-up Project : |
27/10/2000 |
PAYMENTS ANALYSIS
The average term of debts to suppliers is shorter than the sector one.
PAYMENTS SCORE : - No insolvency
CREDIT REVOLVING
The subject of inquiry has been monitored by our company:
During the last 6 Months : n. 1 times.
During the last 12 Months : n. 1 times.
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 |
|
BANCO POPOLARE |
|
|
|
|
5188 |
0 |
IMMOVABLES *
*No specific (mortgage/cadastrial registrations) inspections have been
requested.
|
Immovable Type |
Value |
|
Real estates |
8.166.676 .Eur |
NB.: For Capital Companies the value of the Immovables is the one
reported in the last available financial documents.
FINANCIAL AND
ECONOMICAL ANALYSIS
Subject is active since 1989
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 0,04% in 2006 with a stable trend in the turnover.
The operating result was positive in the last financial year (3,69%) and
reflects the field's average.
Company's financial status is balanced since indebtedness is not high
(1,32) with an improving trend as on the decrease.
The company does not exceed in bank credits; payments average period is
instead slightly high (104,18 gg.) anyway better than the field's average.
It shows a good range of liquidity.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
45.404.724 |
filed balance sheet |
|
Profit (Loss) for the period |
6.161 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
43.254.052 |
filed balance sheet |
|
Profit (Loss) for the period |
947.281 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
42.849.395 |
filed balance sheet |
|
Profit (Loss) for the period |
3.330.875 |
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 31/12/2006 - Months 12 - Currency Eur - Amounts x 1 |
|
Balance Sheet as
at 31/12/2005 - Months 12 - Currency Eur - Amounts x 1 |
|
Years |
|
|
2006 |
2005 |
|
|
BALANCE SHEET
ACCOUNTS |
|
|
|
|
. |
|
|
|
|
|
ASSETS |
|
|
|
|
|
CREDITS TO SHAREHOLDERS |
|
|
|
|
|
FIXED ASSETS ( NET ) |
|
|
10.335.477 |
18.326.486 |
|
. Intangible assets |
|
|
1.233.883 |
828.361 |
|
. Tangible fixed assets |
|
|
7.501.241 |
15.893.484 |
|
. . Land and buildings |
|
|
|
8.166.676 |
|
. . Plants, Equipm.and Machinery |
|
|
6.921.920 |
7.286.361 |
|
. Long-term Investments |
|
|
1.600.353 |
1.604.641 |
|
. . Financial loans |
|
|
1.600.353 |
1.604.641 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
30.402.953 |
28.499.638 |
|
. Stock |
|
|
14.090.947 |
13.899.300 |
|
. Credits |
|
|
15.522.804 |
14.474.205 |
|
. . Credits to clients |
|
|
14.938.953 |
13.949.077 |
|
. . Other credits |
|
|
583.851 |
525.128 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
789.202 |
126.133 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
90.827 |
84.455 |
|
TOTAL ASSETS |
|
|
40.829.257 |
46.910.579 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
12.423.548 |
14.700.895 |
|
. Company's capital |
|
|
2.600.000 |
2.600.000 |
|
. Reserves |
|
|
9.817.387 |
11.153.614 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
6.161 |
947.281 |
|
PROVISION CHARGES ACCOUNTS |
|
|
1.332.237 |
1.239.486 |
|
STAFF TERM INDEMNITY |
|
|
2.761.433 |
2.544.120 |
|
DEBTS |
|
|
24.202.230 |
28.316.219 |
|
. Financial M/L terms |
|
|
6.965.063 |
8.010.082 |
|
. . Financial M/L term banks |
|
|
5.385.063 |
6.430.082 |
|
. . Financial M/L bonds |
|
|
1.580.000 |
1.580.000 |
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
6.116.890 |
9.153.869 |
|
. . Financial short-term banks |
|
|
5.972.672 |
9.143.376 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
144.218 |
10.493 |
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
9.863.391 |
9.813.237 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
1.256.886 |
1.339.031 |
|
ACCRUED COSTS DEFERR. LIABILITIES |
|
|
109.809 |
109.859 |
|
TOTAL LIABILITIES |
|
|
40.829.257 |
46.910.579 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
46.243.308 |
43.165.714 |
|
. Revenues from sales/services |
|
|
45.404.724 |
43.254.052 |
|
. Change of stock (products) |
|
|
174.983 |
-408.786 |
|
OPERATING EXPENSES |
|
|
44.733.426 |
40.301.691 |
|
. Purchasing expenses |
|
|
23.450.149 |
20.019.066 |
|
. Change of stock (raw material) |
|
|
143.590 |
-41.229 |
|
. Expenses from services |
|
|
10.481.906 |
9.538.535 |
|
. Expenses from leasing |
|
|
142.305 |
138.299 |
|
. General expenses/sundry charges |
|
|
82.662 |
94.865 |
|
. Staff expenses |
|
|
8.597.311 |
8.272.166 |
|
. Depreciation/Devaluation costs |
|
|
1.835.503 |
2.279.989 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-862.480 |
-652.578 |
|
. Financial charges |
|
|
-862.480 |
-724.135 |
|
. Financial revenues |
|
|
|
71.557 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
30.288 |
-61.497 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
677.690 |
2.149.948 |
|
TAX |
|
|
671.529 |
1.202.667 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
6.161 |
947.281 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2006 |
as at 31/12/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
|
2,14 |
1,37 |
1,92 |
|
Net Short-term indebtedness |
Units |
- 1 |
|
1,32 |
1,37 |
3,05 |
|
Current ratio |
Units |
=> 1 |
|
1,76 |
1,40 |
1,26 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
|
0,94 |
0,71 |
0,92 |
|
Return on Sales |
% |
|
|
4,05 |
7,46 |
3,74 |
|
Average stock waiting period |
dd |
|
|
111,70 |
115,66 |
56,77 |
|
Credits to clients average term |
dd |
|
|
118,44 |
116,06 |
129,13 |
|
Debts to suppliers average term |
dd |
|
|
104,18 |
118,94 |
150,00 |
|
Net financial revenues/ charges incidence |
% |
|
|
- 1,89 |
- 1,50 |
- 1,03 |
|
Labour cost incidence |
% |
|
|
18,93 |
19,12 |
19,02 |
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;
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:
854.700 .Eur.
MARKET / TERRITORY
DATA
|
Population living in the province |
: |
487.003 |
|
Population living in the region |
: |
4.151.369 |
|
Number of families in the region |
: |
1.748.359 |
Monthly family expenses average in the region (in Eur.) :
|
- per food products |
: |
425 |
|
- per non food products |
: |
2.063 |
|
- per energy consume |
: |
143 |
SECTOR DATA
The values are calculated on a base of 2.113 significant companies.
The companies cash their credits on an average of 129 dd.
The average duration of suppliers debts is about 150 dd.
The sector's profitability is on an average of 3,74%.
The labour cost affects the turnover in the measure of 19,02%.
Goods are held in stock in a range of 56 dd.
The difference between the sales volume and the resources used to
realize it is about 1,22.
The employees costs represent the 19,32% of the production costs.
STATISTICAL
DETRIMENTAL DATA
Statistically the trade activity shows periods of crisis.
The area is statistically considered lowly risky.
In the region 18.860 protested subjects are found; in the province they
count to 1.775.
The insolvency index for the region is 0,46, while for the province it
is 0,38.
Total Bankrupt companies in the province : 1.365.
Total Bankrupt companies in the region : 14.698.
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)