MIRA
INFORM REPORT
|
Report Date : |
22.08.2007 |
IDENTIFICATION DETAILS
|
Name : |
Ferretti S.p.a. |
|
|
|
|
Registered Office : |
Via Irma Bandiera, 62 47033
- Cattolica (RN)
-IT- |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.08.2006 |
|
|
|
|
Date of Incorporation : |
16/07/2004 |
|
|
|
|
Legal Form : |
Joint Stock company with sole shareholder |
|
|
|
|
Line of Business : |
Building and repairing of motorboats, yachts, sailing boats etc. |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
649.700 - Eur |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
Ferretti S.p.a.
Via
Irma Bandiera, 62
47033 -
Cattolica (RN) -IT-
SUMMARY
|
Legal Form |
: |
Joint Stock company with sole shareholder |
|
Start of Activities |
: |
16/07/2004 |
|
Patrimonial Consistence |
: |
Over 2.500.000 Eur |
|
|
: |
over 150.000.000 Eur |
|
Number of Employees |
: |
from 1000 to 1500 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
649.700 - Eur |
ACTIVITY
Building and repairing of motorboats, yachts, sailing boats etc.
LEGAL DATA
Legal Form : Joint Stock company with sole shareholder
|
Fiscal Code : 04485970968 |
|
Chamber of Commerce no. : 307615 of |
|
Chamber of Commerce no. : 426532 of Genova |
|
Chamber of Commerce no. : 296608 of |
|
Chamber of Commerce no. : 112002 of |
|
Firms' Register : RN-2005-20371 |
|
Establishment Date |
: 16/07/2004 |
|
|
Start of Activities |
: 16/07/2004 |
|
|
Legal Duration Date |
: 31/08/2050 |
|
|
Nominal Capital |
: 5.000.000 |
Eur |
|
Subscribed Capital |
: 5.000.000 |
Eur |
|
Paid up Capital |
: 5.000.000 |
Eur |
MEMBERS
|
Galeone |
Giancarlo |
|
Born in Stoccolma |
on 20/10/1961 |
- Fiscal Code : GLNGCR61R20Z132E |
|
Residence : |
Via |
Irma Bandiera |
, 62 |
- 47033 |
Cattolica |
(RN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/01/2007 |
|
|
No Protests registered.
|
Kyriazakos |
Georgios |
|
Born in Grecia |
on 27/05/1949 |
- Fiscal Code : KYRGGS49E27Z115C |
|
Residence : |
Via |
Irma Bandiera |
, 62 |
- 47033 |
Cattolica |
(RN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/01/2007 |
|
|
No Protests registered.
|
Ferretti |
Norberto |
|
Born in |
(BO) |
on 10/05/1946 |
- Fiscal Code : FRRNBR46E10A944Y |
|
Residence : |
Via |
|
, 34 |
- 47033 |
Cattolica |
(RN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
25/01/2007 |
|
|
|
Director |
23/01/2007 |
|
|
|
Memb.of the Executive Committee |
25/01/2007 |
|
|
|
Board Chairman |
23/01/2007 |
|
|
No Protests registered.
|
Dodich |
Fulvio |
|
Born in |
(RA) |
on 19/11/1953 |
- Fiscal Code : DDCFLV53S19H199C |
|
Residence : |
Via |
|
, 33 |
- 48100 |
|
(RA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
21/11/2006 |
|
|
|
Procurator |
|
|
|
|
General Manager |
24/07/2006 |
|
|
No Protests registered.
|
Colonna |
Paolo |
|
Born in Cattolica |
(FO) |
on 23/05/1948 |
- Fiscal Code : CLNPLA48E23L219Y |
|
Residence : |
Via |
Mascheroni |
, 23 |
- 47033 |
Cattolica |
(RN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/01/2007 |
|
|
|
Memb.of the Executive Committee |
25/01/2007 |
|
|
No Protests registered.
|
Bonissoni |
Angelo Rocco |
|
Born in Milano |
(MI) |
on 13/04/1959 |
- Fiscal Code : BNSNLR59D13A940S |
|
Residence : |
Via |
Mascheroni |
, 25 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/01/2007 |
|
|
No Protests registered.
|
Moretti |
Mauro Claudio |
|
Born in Milano |
(MI) |
on 09/06/1960 |
- Fiscal Code : MRTMCL60H09F205X |
|
Residence : |
Via |
Kennedy N. 15 |
- 20040 |
Cambiago |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
04/09/2006 |
|
|
No Protests registered.
|
Dallocchio |
Maurizio |
|
Born in Milano |
(MI) |
on 12/04/1958 |
- Fiscal Code : DLLMRZ58D12F205U |
|
Residence : |
Via |
Del Lauro |
, 2 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/01/2007 |
|
|
No Protests registered.
|
Caltabiano |
Gianfranco |
|
Born in Bentivoglio |
(BO) |
on 24/08/1963 |
- Fiscal Code : CLTGFR63M24A785V |
|
Residence : |
Via |
Matteotti |
, 28 |
- 47020 |
Longiano |
(FO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
09/06/2006 |
|
|
No Protests registered.
|
Candida De Matteo |
Gennaro |
|
Born in |
(TA) |
on 27/05/1959 |
- Fiscal Code : CNDGNR59E27L049Z |
|
Residence : |
Via |
Olmo |
, 37 |
- 35011 |
Campodarsego |
(PD) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
09/06/2006 |
|
|
No Protests registered.
|
Oteri |
Silvia Carla Chiara |
|
Born in Milano |
(MI) |
on 03/05/1971 |
- Fiscal Code : TROSVC71E43F205D |
|
Residence : |
Via |
Poliziano |
, 16 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/01/2007 |
|
|
No Protests registered.
|
Basagni |
Fabio |
|
Born in |
(AR) |
on 08/05/1948 |
- Fiscal Code : BSGFBA48E08A390W |
|
Residence : |
|
Stati Uniti D'america |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/01/2007 |
|
|
No Protests registered.
|
Maccari |
Aldo |
|
Born in Milano |
(MI) |
on 14/05/1965 |
- Fiscal Code : MCCLDA65E14F205B |
|
Residence : |
Via |
Pacini |
, 6 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/01/2007 |
|
|
|
Memb.of the Executive Committee |
25/01/2007 |
|
|
No Protests registered.
|
Marangione |
Laura |
|
Born in Milano |
(MI) |
on 11/07/1965 |
- Fiscal Code : MRNLRA65L51F205W |
|
Residence : |
Via |
Della Guastalla |
, 3 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/01/2007 |
|
|
No Protests registered.
|
Tornaghi |
Massimiliano |
|
Born in |
(TN) |
on 28/08/1967 |
- Fiscal Code : TRNMSM67M28L378K |
|
Residence : |
Via |
Irma Bandiera |
, 62 |
- 47033 |
Cattolica |
(RN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
01/06/2006 |
|
|
|
Director in charge |
|
|
|
No Protests registered.
|
Sestante 2 Sarl |
|
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
|
|
|
No Protests registered.
|
Santucci |
Giacomo |
|
Born in Avezzano |
(AQ) |
on 30/11/1956 |
- Fiscal Code : SNTGCM56S30A515U |
|
Residence : |
Via |
S. Orsola |
, 12 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/01/2007 |
|
|
No Protests registered.
|
Foligni |
Nicoletta |
|
Born in Modigliana |
(FO) |
on 24/07/1965 |
- Fiscal Code : FLGNLT65L64F259U |
|
Residence : |
Piazza |
G. Oberdan |
, 32 |
- 47015 |
Modigliana |
(FO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
09/06/2006 |
|
|
No Protests registered.
|
Cortesi |
Monica |
|
Born in Ventimiglia |
(IM) |
on 23/04/1965 |
- Fiscal Code : CRTMNC65D63L741M |
|
Residence : |
Via |
Carlo Cattaneo |
, 20 |
- 48100 |
|
(RA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
04/09/2006 |
|
|
No Protests registered.
|
Segato |
Marco |
|
Born in Dolo |
(VE) |
on 08/06/1969 |
- Fiscal Code : SGTMRC69H08D325J |
|
Residence : |
Porta |
A. Moro |
, 14 |
- 30031 |
Dolo |
(VE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
01/06/2006 |
|
|
|
Procurator |
|
|
|
No Protests registered.
|
DELOITTE E TOUCHE S.P.A. |
|
|
- Fiscal Code : 03049560166 |
|
Via |
TORTONA |
, 25 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Auditing company |
23/02/2006 |
|
|
No Protests registered.
|
Bernardi |
David |
|
Born in Camberra |
on 23/08/1971 |
- Fiscal Code : BRNDVD71M23Z700L |
|
Residence : |
Via |
San Pelaio |
, 101/E |
- 31100 |
|
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
09/06/2006 |
|
|
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.
|
FERRETTI NORBERTO |
|
|
DODICH FULVIO |
|
|
MORETTI MAURO CLAUDIO |
|
|
CALTABIANO GIANFRANCO |
|
|
CANDIDA DE MATTEO GENNARO |
|
|
FOLIGNI NICOLETTA |
|
|
CORTESI MONICA |
|
|
SEGATO MARCO |
|
|
BERNARDI DAVID |
|
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 |
|
Sestante 2 Sarl |
|
|
|
100,00 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
Resin Sistem S.r.l. |
|
04039080371 |
|
100,00 |
Active |
|
Ferretti S.p.a. |
Cattolica - IT - |
03600230969 |
|
100,00 |
Ceased |
STRUCTURE AND COMPANY
ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Registered office |
in : |
|
|
|
|
|
- 47841 - |
Cattolica |
(RN) |
- IT - |
|
- |
Legal and operative seat |
|
in : |
|
|
|
|
|
Via |
Irma Bandiera |
, 62 |
- 47033 - |
Cattolica |
(RN) |
- IT - |
|
- |
Branch |
(Factory ) |
since 01/06/2006 |
in : |
|
|
|
|
|
Via |
Malpasso |
, 624/626 |
- 47048 - |
San Giovanni in Marignano |
(RN) |
- IT - |
|
- |
Branch |
(Workshop ) |
since 01/06/2006 |
in : |
|
|
|
|
|
Via |
Caboto |
, Loc. MARINA DI CATTOLICA |
- 47033 - |
Cattolica |
(RN) |
- IT - |
|
- |
Branch |
(Factory ) |
since 01/06/2006 |
in : |
|
|
|
|
|
Via |
Ansaldo |
, 3/5/7 |
- 47100 - |
|
(FO) |
- IT - |
|
- |
Branch |
(Factory ) |
since 01/06/2006 |
in : |
|
|
|
|
|
Via |
Ansaldo |
, 9A/9B Loc. VILLASELVA |
- 47100 - |
|
(FO) |
- IT - |
|
- |
Branch |
(Factory ) |
since 01/06/2006 |
in : |
|
|
|
|
|
Via |
Ansaldo |
, 10 |
- 47100 - |
|
(FO) |
- IT - |
|
- |
Branch |
(Factory ) |
since 01/06/2006 |
in : |
|
|
|
|
|
Via |
Ansaldo |
, 11 |
- 47100 - |
|
(FO) |
- IT - |
|
- |
Branch |
(Factory ) |
since 01/06/2006 |
in : |
|
|
|
|
|
Via |
Filippini |
, Loc. ZONA IND. BELLOCCHI |
- 61032 - |
Fano |
(PS) |
- IT - |
|
- |
Branch |
(Warehouse ) |
since 01/06/2006 |
in : |
|
|
|
|
|
Via |
A. Doria |
, 5/F |
- 47042 - |
Cesenatico |
(FO) |
- IT - |
|
- |
Branch |
(office ) |
since 01/06/2006 |
in : |
|
|
|
|
|
Via |
Samuel Morse |
, 18 |
- 47100 - |
|
(FO) |
- IT - |
|
- |
Branch |
(office ) |
since 01/06/2006 |
in : |
|
|
|
|
|
Viale |
San Bartolomeo |
, 380 |
- 19100 - |
|
(SP) |
- IT - |
|
- |
Branch |
(office ) |
since 01/06/2006 |
in : |
|
|
|
|
|
|
Turistico Pontile |
, 10 53/54 |
- 16033 - |
Lavagna |
(GE) |
- IT - |
|
- |
Branch |
(office ) |
since 01/06/2006 |
in : |
|
|
|
|
|
Via |
Milite Ignoto |
, 6 |
- 16038 - |
Santa Margherita Ligure |
(GE) |
- IT - |
|
- |
Branch |
(Store ) |
in : |
|
|
|
|
|
Via |
Antico Acquedotto |
, 7/11 Loc. PIEVEACQUEDOTTO |
- 47100 - |
|
(FO) |
- IT - |
|
|
|
|
Employees |
: 1.075 |
|
|
|
|
Fittings and Equipment |
for a value of
121.726.308 |
Eur |
|
|
|
|
Stocks |
for a value of
101.439.881 |
Eur |
HISTORICAL
INFORMATION AND/OR FIRM'S
STATUS
|
Ex-Members /
Ex-Positions |
|
Del Torchio |
Gabriele |
|
Born in Padova |
on 05/02/1951 |
- Fiscal Code : DLTGRL51B05B732G |
|
Residence : |
Via |
San Gregorio Barbarigo N. |
- 35100 |
Padova |
(PD) |
- IT - |
|
Position |
|
Director |
|
The firm absorbed by merging of |
|
SESTANTE 3 S.P.A. |
|
, 47033 |
, Cattolica |
(RN) |
- IT - |
|
Fiscal Code: 03624640409 |
|
Date |
: |
09/02/2007 |
|
Project of merging by taking over of |
|
SESTANTE 3 S.P.A. |
|
, 47033 |
, Cattolica |
(RN) |
- IT - |
|
Fiscal Code: 03624640409 |
|
Date |
Merging/Splitting-up Project : |
25/01/2007 |
|
The firm absorbed by merging of |
|
Ferretti S.p.a. |
|
Via |
Irma Bandiera |
, 62 |
, 47033 |
, Cattolica |
(RN) |
- IT - |
|
Fiscal Code: 03600230969 |
|
Date |
: |
29/05/2006 |
|
Project of merging by taking over of |
|
Ferretti S.p.a. |
|
Via |
Irma Bandiera |
, 62 |
, 47033 |
, Cattolica |
(RN) |
- IT - |
|
Fiscal Code: 03600230969 |
|
Date |
Merging/Splitting-up Project : |
23/02/2006 |
PAYMENTS ANALYSIS
The average term of debts to suppliers is higher 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.
IMMOVABLES *
*No specific (mortgage/cadastrial registrations) inspections have been
requested.
|
Immovable Type |
Value |
|
Real estates |
31.109.914 .Eur |
NB.: For Capital Companies the value of the Immovables is the one
reported in the last available financial documents.
FINANCIAL AND
ECONOMICAL ANALYSIS
Company's starting of activities dates back to some years ago (2004).
Unstable economic results mark the company's financial state of affairs.
anyway in 2006 a positive result was achieved (r.o.e. 7,44%).
The operating result was positive in the last financial year (6,61%) and
reflects the field's average.
Very good financial situation: shareholder's equity covers short-terms
debts with an indebtedness level equal to 0,86 increasing compared to last year
(0,05)
Companys' indebtedness is fairly high in relation to its net worth;
payments average period is slow besides being higher than sector's average.
Liquid assets are not adequate to subject's needs.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/08/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
253.599.266 |
filed balance sheet |
|
Profit (Loss) for the period |
15.134.611 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/08/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Profit (Loss) for the period |
-903.972 |
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 31/08/2006 - Months 12 - Currency Eur - Amounts x 1 |
|
Balance Sheet as
at 31/08/2005 - Months 12 - Currency Eur - Amounts x 1 |
|
Years |
|
|
2006 |
2005 |
|
|
BALANCE SHEET
ACCOUNTS |
|
|
|
|
. |
|
|
|
|
|
ASSETS |
|
|
|
|
|
CREDITS TO SHAREHOLDERS |
|
|
|
|
|
FIXED ASSETS ( NET ) |
|
|
682.442.517 |
397.490.601 |
|
. Intangible assets |
|
|
500.985.425 |
|
|
. Tangible fixed assets |
|
|
35.467.602 |
|
|
. . Land and buildings |
|
|
31.109.914 |
|
|
. . Plants, Equipm.and Machinery |
|
|
2.905.117 |
|
|
. Long-term Investments |
|
|
145.989.490 |
397.490.601 |
|
. . Financial loans |
|
|
145.989.490 |
397.490.601 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
181.516.128 |
5.052 |
|
. Stock |
|
|
25.693.927 |
|
|
. Credits |
|
|
80.614.475 |
682 |
|
. . Credits to clients |
|
|
48.219.160 |
682 |
|
. . Other credits |
|
|
32.395.315 |
|
|
. Short-term financial assets |
|
|
20.998.485 |
|
|
. Liquid assets |
|
|
54.209.241 |
4.370 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
|
|
|
TOTAL ASSETS |
|
|
863.958.645 |
397.495.653 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
203.190.368 |
191.192.061 |
|
. Company's capital |
|
|
5.000.000 |
5.000.000 |
|
. Reserves |
|
|
289.600.000 |
289.600.000 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
-106.544.243 |
-102.503.967 |
|
. Profit (loss) |
|
|
15.134.611 |
-903.972 |
|
PROVISION CHARGES ACCOUNTS |
|
|
6.947.294 |
|
|
STAFF TERM INDEMNITY |
|
|
6.234.352 |
|
|
DEBTS |
|
|
647.586.631 |
206.303.592 |
|
. Financial M/L terms |
|
|
402.654.489 |
195.164.865 |
|
. . Financial M/L term banks |
|
|
402.654.489 |
195.164.865 |
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
109.835.465 |
9.800.000 |
|
. . Financial short-term banks |
|
|
100.035.465 |
|
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
9.800.000 |
9.800.000 |
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
98.664.363 |
1.338.727 |
|
. Sundry M/L debts |
|
|
14.138.370 |
|
|
. Sundry short-term debts |
|
|
22.293.944 |
|
|
ACCRUED COSTS DEFERR. LIABILITIES |
|
|
|
|
|
TOTAL LIABILITIES |
|
|
863.958.645 |
397.495.653 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
292.229.402 |
|
|
. Revenues from sales/services |
|
|
253.599.266 |
|
|
. Change of stock (products) |
|
|
16.715.024 |
|
|
OPERATING EXPENSES |
|
|
235.083.408 |
347 |
|
. Purchasing expenses |
|
|
132.043.826 |
|
|
. Change of stock (raw material) |
|
|
|
|
|
. Expenses from services |
|
|
50.181.402 |
|
|
. Expenses from leasing |
|
|
5.082.555 |
|
|
. General expenses/sundry charges |
|
|
6.502.446 |
347 |
|
. Staff expenses |
|
|
34.428.929 |
|
|
. Depreciation/Devaluation costs |
|
|
6.844.250 |
|
|
FINANCIAL REVENUES (CHARGES) |
|
|
-28.472.825 |
-903.426 |
|
. Financial charges |
|
|
-37.941.110 |
-903.475 |
|
. Financial revenues |
|
|
9.468.285 |
49 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
|
|
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
28.673.169 |
-903.773 |
|
TAX |
|
|
13.538.558 |
199 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
15.134.611 |
-903.972 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/08/2006 |
as at 31/08/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
|
0,91 |
0,97 |
1,32 |
|
Net Short-term indebtedness |
Units |
- 1 |
|
0,86 |
0,05 |
3,30 |
|
Current ratio |
Units |
=> 1 |
|
0,78 |
0,00 |
1,08 |
|
Acid Test Ratio-Liquidity Ratio |
Units' |
=> 1 |
|
0,67 |
0,00 |
0,81 |
|
Return on Sales |
% |
|
|
8,66 |
n.c. |
3,97 |
|
Average stock waiting period |
dd |
|
|
36,46 |
n.c. |
63,46 |
|
Credits to clients average term |
dd |
|
|
68,43 |
n.c. |
95,91 |
|
Debts to suppliers average term |
dd |
|
|
189,61 |
n.c. |
140,00 |
|
Net financial revenues/ charges incidence |
% |
|
|
- 11,22 |
n.c. |
- 1,12 |
|
Labour cost incidence |
% |
|
|
13,57 |
n.c. |
17,25 |
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:
649.700 .Eur.
MARKET / TERRITORY
DATA
|
Population living in the province |
: |
286.796 |
|
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 302 significant companies.
The companies cash their credits on an average of 95 dd.
The average duration of suppliers debts is about 140 dd.
The sector's profitability is on an average of 3,97%.
The labour cost affects the turnover in the measure of 17,25%.
Goods are held in stock in a range of 63 dd.
The difference between the sales volume and the resources used to
realize it is about 1,12.
The employees costs represent the 17,93% of the production costs.
STATISTICAL
DETRIMENTAL DATA
Statistically the trade activity shows periods of crisis.
The area is statistically considered moderately risky.
In the region 18.860 protested subjects are found; in the province they
count to 2.270.
The insolvency index for the region is 0,46, while for the province it
is 0,81.
Total Bankrupt companies in the province : 749.
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. |
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%)