MIRA
INFORM REPORT
|
Report Date : |
6th March, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
IMS S.P.A. |
|
|
|
|
Registered Office : |
Via Alessandro Polini, 450, 20043 – Arcore (MI) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
29.12.1930 |
|
|
|
|
Legal Form : |
Joint Stock company with sole shareholder |
|
|
|
|
Line of Business : |
Wholesale trade
of mineral fuels and chemical products for industrial use. |
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 |
|
Maximum Credit Limit : |
506.100 .Eur. |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Company Name & Address
|
Ims S.p.a. |
|
Via |
Alessandro Polini, |
450 |
|
20043 |
- Arcore |
(MI) |
-IT- |
SUMMARY
|
Fiscal Code |
: |
00485910012 |
|
Legal Form |
: |
Joint Stock company with sole shareholder |
|
Start of Activities |
: |
29/12/1930 |
|
Patrimonial Consistence |
: |
Over 2.500.000 Eur |
|
Turnover Range |
: |
over 150.000.000 Eur |
|
Number of Employees |
: |
from 150 to 175 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
506.100 - Eur |
|
Creditworthness
Rate |
: |
98% (Excellent) |
|
|
|
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
Wholesale trade of mineral
fuels and chemical products for industrial use.
Wholesale of
half-manufactured ferrous metals.
Wholesale of
metalliferous ores.
Wholesale of
industrial chemical products.
Wholesale of
chemical products for industrial use.
Wholesale of sundry
building materials.
Wholesale of iron
articles and other metal articles.
LEGAL DATA
Legal Form :
Joint Stock company with sole shareholder
Fiscal Code :
00485910012
Foreign Trade Reg. no. : MI045209 since
17/12/1991
Chamber of Commerce no. : 79045 of Bologna
Chamber of Commerce no. : 110275 of Brescia
Chamber of Commerce no. : 27623 of Bolzano
Chamber of Commerce no. : 502704 of Firenze
Chamber of Commerce no. : 264817 of Milano since
21/01/1931
Chamber of Commerce no. : 281708 of Napoli
Chamber of Commerce no. : 88522 of Padova
Chamber of Commerce no. : 337583 of Roma
Chamber of Commerce no. : 110008 of Torino
Firms' Register :
MI149-54247 since 19/02/1996
V.A.T. Code :
02387540962
Foundation
Date :
29/12/1930
Establishment
Date :
29/12/1930
Start
of Activities :
29/12/1930
Legal
Duration Date :
31/12/2050
Nominal
Capital :
5.200.000 Eur
Subscribed
Capital :
5.200.000 Eur
Paid
up Capital :
5.200.000 Eur
MEMBERS
|
Bouffault |
Jean-yves Fernand Pierre |
|
Born in Bobo Dioulasso |
on 06/09/1946 |
- Fiscal Code : BFFJYV46P06Z354V |
|
Residence : |
Chemin Chantegrillet |
, 19 |
Sainte Foy Les Lyon |
- FR - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
20/04/2006 |
|
|
No Protests
registered.
|
Sapori |
Bruno |
|
Born in Milano |
on 18/01/1947 |
- Fiscal Code : SPRBRN47A18F205N |
|
Residence : |
Via |
Grossi T. |
, 0002 |
- 20017 |
Rho |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
23/01/1998 |
|
|
No Protests
registered.
|
Borsari |
Antonio Enrico |
|
Born in Milano |
on 11/03/1947 |
- Fiscal Code : BRSNNN47C11F205Q |
|
Residence : |
Via |
Serenelle |
, 12 |
- 20033 |
Desio |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
20/04/2006 |
|
|
|
Managing Director |
20/04/2006 |
|
|
|
Board Chairman |
20/04/2006 |
|
|
No Protests
registered.
|
Ims S.a. International Metal Service |
|
|
|
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
|
|
|
No Protests
registered.
|
Brun |
Philippe Georges |
|
Born in Poligny |
on 07/11/1960 |
- Fiscal Code : BRNPLP60S07Z110M |
|
Residence : |
Rue Des Aqueducs |
, 11 |
Lyon |
- FR - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
20/04/2006 |
|
|
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.
SAPORI
|
BRUNO Company Style |
Legal Seat |
Fiscal Code |
Position |
Firm Status |
|
METAL SOMMA S.R.L. |
Pieve Emanuele (MI) - IT - |
06924040154 |
Procurator |
Ceased |
|
METALGAMMA S.R.L. |
Monza (MI) - IT - |
02721980965 |
Procurator |
Ceased |
|
METECO ACCIAI S.R.L. |
Torino (TO) - IT - |
01004430052 |
Procurator |
Ceased |
BORSARI
|
ANTONIO ENRICO Company Style |
Legal Seat |
Fiscal Code |
Position |
Firm Status |
|
ARTEK S.R.L. |
San Pietro in Casale (BO) - IT - |
04001500372 |
Sole Director |
Ceased |
|
I M S ITALIA S.P.A. |
Cambiago (MI) - IT - |
00831970157 |
Managing Director |
Ceased |
|
I M S ITALIA S.P.A. |
Cambiago (MI) - IT - |
00831970157 |
Director |
Ceased |
|
METAL SOMMA S.R.L. |
Pieve Emanuele (MI) - IT - |
06924040154 |
Sole Director |
Ceased |
|
METALGAMMA S.R.L. |
Monza (MI) - IT - |
02721980965 |
Director |
Ceased |
|
METALGAMMA S.R.L. |
Monza (MI) - IT - |
02721980965 |
Managing Director |
Ceased |
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 |
|
Ims S.a. International Metal Service |
|
|
|
100,00 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
|
Meteco Acciai S.r.l. |
Torino - IT - |
01004430052 |
5.164.568 .Eur |
100,00 |
|
DEVIS ACCIAI SPECIALI SRL |
Milano - IT - |
10460950156 |
46.481 .Eur |
100,00 |
|
Artek S.r.l. |
San Pietro in Casale - IT - |
04001500372 |
50.490 .Eur |
100,00 |
|
Metal Somma S.r.l. |
Pieve Emanuele - IT - |
06924040154 |
41.316 .Eur |
100,00 |
|
Metalgamma S.r.l. |
Monza - IT - |
02721980965 |
51.645 .Eur |
100,00 |
STRUCTURE AND COMPANY ACTIVITY
In order to carry
out its activities the firm uses the following locations:
|
- |
Legal and operative seat |
|
in : |
|
|
|
|
|
Via |
Alessandro Polini |
, 450 |
- 20043 - |
Arcore |
(MI) |
- IT - |
|
- |
Branch |
|
since 14/09/1977 |
in : |
|
|
|
|
|
Via |
I Maggio |
, 11 |
- 35010 - |
Limena |
(PD) |
- IT - |
|
- |
Branch |
(office ) |
since 05/06/1980 |
in : |
|
|
|
|
|
Via |
S. Vitalino |
, 0040 |
Lippo Calderara Reno |
(BO) |
- IT - |
|
- |
Branch |
|
since 05/06/1980 |
in : |
|
|
|
|
|
Strada |
Torino |
, 25/1 |
- 10043 - |
Orbassano |
(TO) |
- IT - |
|
- |
Branch |
|
since 05/06/1980 |
in : |
|
|
|
|
|
Via |
Stassano |
- 25100 - |
Brescia |
(BS) |
- IT - |
|
- |
Branch |
(Warehouse ) |
since 01/04/2000 |
in : |
|
|
|
|
|
Via |
Raffaello Sanzio |
, 7 |
- 20040 - |
Cambiago |
(MI) |
- IT - |
|
- |
Branch |
(office ) |
since 01/12/2000 |
in : |
|
|
|
|
|
Via |
S. Allende |
, 63 |
- 41100 - |
Modena |
(MO) |
- IT - |
|
- |
Branch |
(Warehouse ) |
since 01/12/2000 |
in : |
|
|
|
|
|
Via |
S. Allende |
, 37 |
- 41100 - |
Modena |
(MO) |
- IT - |
|
- |
Branch |
(office ) |
since 01/04/2005 |
in : |
|
|
|
|
|
Via |
Di Vittorio G. |
, 56 |
- 25100 - |
Brescia |
(BS) |
- IT - |
|
- |
Branch |
|
since 01/06/2005 |
in : |
|
|
|
|
|
Via |
Alessandro Polini |
, 450 |
- 20043 - |
Arcore |
(MI) |
- IT - |
|
- |
Branch |
(office ) |
since 01/07/2003 |
in : |
|
|
|
|
|
Via |
F.lli Rosselli |
, 9 Loc. LIPPO |
- 40012 - |
Calderara di Reno |
(BO) |
- IT - |
|
- |
Branch |
(Operating branch ) |
since 15/12/2006 |
in : |
|
|
|
|
|
Via |
Bellini |
, 2 |
- 20095 - |
Cusano Milanino |
(MI) |
- IT - |
|
- |
Branch |
|
since 01/12/2006 |
in : |
|
|
|
|
|
Via |
San Vitalino |
, 38 Loc. LIPPO |
- 40012 - |
Calderara di Reno |
(BO) |
- IT - |
|
|
|
|
Employees |
: 160 |
|
|
|
|
Fittings and Equipment |
for a value of
4.578.390 |
Eur |
|
|
|
|
Stocks |
for a value of
9.156.780 |
Eur |
The firm operates
abroad as importer. .
To purchase foreign
products the firm uses the following channels :
|
- direct orders to foreign companies |
Import comes
generally from the following nations:
|
- Francia |
|
- Islanda |
HISTORICAL INFORMATION AND/OR FIRM'S STATUS
|
Company Style
modifications |
|
Former Style |
New Style |
Changement Date |
|
SIAU Servizi SpA |
IMS SpA |
01/11/1997 |
|
The firm absorbed by merging of |
|
Artek S.r.l. |
|
Via |
R. Morandi |
, 26/2 |
, 40018 |
, San Pietro in Casale |
(BO) |
- IT - |
|
Fiscal Code: 04001500372 |
|
Date |
: |
01/11/2004 |
|
Project of merging by taking over of |
|
Artek S.r.l. |
|
Via |
R. Morandi |
, 26/2 |
, 40018 |
, San Pietro in Casale |
(BO) |
- IT - |
|
Fiscal Code: 04001500372 |
|
Date |
Merging/Splitting-up Project : |
30/04/2004 |
|
The firm absorbed by merging of |
|
I M S Italia S.p.a. |
|
Via |
Raffaello Sanzio |
, 7 |
, 20040 |
, Cambiago |
(MI) |
- IT - |
|
Fiscal Code: 00831970157 |
|
Date |
: |
01/12/2000 |
|
The firm absorved |
|
I M S Italia S.p.a. |
|
Via |
Raffaello Sanzio |
, 7 |
, 20040 |
, Cambiago |
(MI) |
- IT - |
|
Fiscal Code: 00831970157 |
|
Date |
: |
01/12/2000 |
|
The firm absorved |
|
Metal Somma S.r.l. |
|
Via |
Campania |
, 36 |
, 20090 |
, Pieve Emanuele |
(MI) |
- IT - |
|
Fiscal Code: 06924040154 |
|
Date |
: |
01/12/2000 |
|
Project of merging by taking over of |
|
I M S Italia S.p.a. |
|
Via |
Raffaello Sanzio |
, 7 |
, 20040 |
, Cambiago |
(MI) |
- IT - |
|
Fiscal Code: 00831970157 |
|
Date |
Merging/Splitting-up Project : |
29/03/2000 |
|
The firm absorbed by merging of |
|
Meteco Acciai S.r.l. |
|
Corso |
Re Umberto |
, 1 |
, 10100 |
, Torino |
(TO) |
- IT - |
|
Fiscal Code: 01004430052 |
|
Date |
: |
20/12/1999 |
|
The firm absorved |
|
Meteco Acciai S.r.l. |
|
Corso |
Re Umberto |
, 1 |
, 10100 |
, Torino |
(TO) |
- IT - |
|
Fiscal Code: 01004430052 |
|
Date |
: |
20/12/1999 |
|
The firm absorved |
|
Meteco Acciai S.r.l. |
|
Corso |
Re Umberto |
, 1 |
, 10100 |
, Torino |
(TO) |
- IT - |
|
Fiscal Code: 01004430052 |
|
Date |
: |
20/12/1999 |
|
Project of merging by taking over of |
|
Meteco Acciai S.r.l. |
|
Corso |
Re Umberto |
, 1 |
, 10100 |
, Torino |
(TO) |
- IT - |
|
Fiscal Code: 01004430052 |
|
Date |
Merging/Splitting-up Project : |
12/07/1999 |
|
The firm absorbed by merging of |
|
Metalgamma S.r.l. |
|
Viale |
Sicilia |
, 97 |
, 20052 |
, Monza |
(MI) |
- IT - |
|
Fiscal Code: 02721980965 |
|
Date |
: |
30/11/1998 |
|
The firm absorved |
|
Metalgamma Srl |
|
, MONZA |
- IT - |
|
Fiscal Code: 02721980965 |
|
Date |
: |
30/11/1998 |
|
The firm absorved |
|
Metalgamma Srl |
|
, MONZA |
- IT - |
|
Fiscal Code: 02721980965 |
|
Date |
: |
30/11/1998 |
|
Project of merging by taking over of |
|
Metalgamma S.r.l. |
|
Viale |
Sicilia |
, 97 |
, 20052 |
, Monza |
(MI) |
- IT - |
|
Fiscal Code: 02721980965 |
|
Date |
Merging/Splitting-up Project : |
10/03/1998 |
|
The firm absorbed by merging of |
|
Devis Acciai Speciali S.r.l. |
|
Via |
Giotto |
, 17 |
, 20100 |
, MIlano |
- IT - |
|
Fiscal Code: 06995750152 |
|
Date |
: |
06/10/1997 |
|
The firm absorved |
|
Devis Acciai Speciali S.R.L. |
|
, MONZA |
- IT - |
|
Fiscal Code: 10460950156 |
|
Date |
: |
06/10/1997 |
|
Project of merging by taking over of |
|
DEVIS ACCIAI SPECIALI SRL |
|
Via |
AMPERE |
, 87 |
, 20100 |
, Milano |
(MI) |
- IT - |
|
Fiscal Code: 10460950156 |
|
Date |
Merging/Splitting-up Project : |
10/02/1997 |
PAYMENTS ANALYSIS
The average term of
debts to suppliers is shorter than the sector one.
PAYMENTS SCORE : ZZZZZ
- 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
The firm operates
with the main Banks.
IMMOVABLES *
*No specific (mortgage/cadastrial registrations) inspections have been
requested.
|
Immovable Type |
Value |
|
Real estates |
3.935.918 .Eur |
NB.: For Capital
Companies the value of the Immovables is the one reported in the last available
financial documents.
FINANCIAL AND ECONOMICAL ANALYSIS
The company is
active since 1930
Under an economic point
of view, profits were registered during the last years with a r.o.e. of 15,65%
in 2005 and during the last financial year an increase in sales volume was
registered (+36,64% in 2005).
The operating
result was positive in the last financial year (10,65%) and reflects the
field's average.
The financial
status of the company is fairly balanced with an indebtedness level of 1,69 but
with an increase as against the previous accounting period.
Bank exsposure is
limited and the suppliers' credit is modest too, 82,47 gg. is the payment
average period which is also lower than the sector average.
The liquidity level
is positive (1,52).
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
152.597.695 |
filed balance sheet |
|
Profit (Loss) for the period |
6.444.156 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
111.671.341 |
filed balance sheet |
|
Profit (Loss) for the period |
5.179.793 |
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 31/12/2005 - Months 12 - Currency Eur - Amounts x 1
Balance Sheet as at 31/12/2004 - Months 12 - Currency Eur - Amounts x 1
|
Years |
|
|
2005 |
2004 |
|
BALANCE SHEET ACCOUNTS |
||||
|
. |
|
|
|
|
|
ASSETS |
|
|
|
|
|
CREDITS TO SHAREHOLDERS |
|
|
|
|
|
FIXED ASSETS ( NET ) |
|
|
6.698.973 |
5.635.240 |
|
. Intangible assets |
|
|
2.359.577 |
2.161.361 |
|
. Tangible fixed assets |
|
|
4.221.445 |
3.363.458 |
|
. . Land and buildings |
|
|
|
|
|
. . Plants, Equipm.and Machinery |
|
|
3.172.778 |
2.555.893 |
|
. Long-term Investments |
|
|
117.951 |
110.421 |
|
. . Financial loans |
|
|
117.951 |
110.421 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
107.257.644 |
83.646.240 |
|
. Stock |
|
|
45.348.699 |
30.896.090 |
|
. Credits |
|
|
61.063.140 |
49.903.044 |
|
. . Credits to clients |
|
|
59.285.704 |
49.567.427 |
|
. . Other credits |
|
|
1.777.436 |
335.617 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
845.805 |
2.847.106 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
707.265 |
179.007 |
|
TOTAL ASSETS |
|
|
114.663.882 |
89.460.487 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
41.158.632 |
34.714.476 |
|
. Company's capital |
|
|
5.200.000 |
5.200.000 |
|
. Reserves |
|
|
17.792.551 |
17.792.551 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
11.721.925 |
6.542.132 |
|
. Profit (loss) |
|
|
6.444.156 |
5.179.793 |
|
PROVISION CHARGES ACCOUNTS |
|
|
297.219 |
406.079 |
|
STAFF TERM INDEMNITY |
|
|
2.656.246 |
2.427.248 |
|
DEBTS |
|
|
70.547.906 |
51.909.984 |
|
. Financial M/L terms |
|
|
|
|
|
. . Financial M/L term banks |
|
|
|
|
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
34.797.175 |
19.912.333 |
|
. . Financial short-term banks |
|
|
27.797.175 |
19.912.333 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
7.000.000 |
|
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
32.969.272 |
27.086.470 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
2.781.459 |
4.911.181 |
|
ACCRUED COSTS DEFERR. LIABILITIES |
|
|
3.879 |
2.700 |
|
TOTAL LIABILITIES |
|
|
114.663.882 |
89.460.487 |
|
. |
|
|
|
|
PROFIT AND LOSS ACCOUNTS
|
OUTPUT VALUE |
|
|
153.937.354 |
112.822.920 |
|
. Revenues from sales/services |
|
|
152.597.695 |
111.671.341 |
|
. Change of stock (products) |
|
|
|
|
|
OPERATING EXPENSES |
|
|
141.725.212 |
102.960.427 |
|
. Purchasing expenses |
|
|
127.896.827 |
86.437.270 |
|
. Change of stock (raw material) |
|
|
-14.452.609 |
-7.134.658 |
|
. Expenses from services |
|
|
12.564.156 |
9.880.249 |
|
. Expenses from leasing |
|
|
3.415.911 |
2.831.628 |
|
. General expenses/sundry charges |
|
|
609.110 |
366.171 |
|
. Staff expenses |
|
|
9.304.402 |
8.467.844 |
|
. Depreciation/Devaluation costs |
|
|
2.387.415 |
2.111.923 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-911.125 |
-542.594 |
|
. Financial charges |
|
|
-1.004.598 |
-674.999 |
|
. Financial revenues |
|
|
93.473 |
132.405 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
-119.644 |
-273.236 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
11.181.373 |
9.046.663 |
|
TAX |
|
|
4.737.217 |
3.866.870 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
6.444.156 |
5.179.793 |
RATIOS
|
|
Item |
O.V. |
O.V. |
as at 31/12/2005 |
as at 31/12/2004 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
6,54 |
6,59 |
1,97 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
1,69 |
1,41 |
4,14 |
|
Current ratio |
Units |
=> 1 |
l |
1,52 |
1,61 |
1,14 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
0,87 |
1,01 |
0,95 |
|
Return on Sales |
% |
|
l |
5,78 |
6,52 |
2,14 |
|
Average stock waiting period |
dd |
|
l |
106,95 |
99,57 |
24,65 |
|
Credits to clients average term |
dd |
|
l |
139,86 |
159,76 |
111,88 |
|
Debts to suppliers average term |
dd |
|
l |
82,47 |
98,31 |
104,86 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 0,59 |
- 0,48 |
- 0,66 |
|
Labour cost incidence |
% |
|
l |
6,09 |
7,58 |
4,63 |
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.
RELIABILITY SCORE
Considering also
subject's structural and behavioural characteristics its credit margin rate
(from 0 to 100%) is equal to 98%, in respect of a sector average of 45%.
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:
506.100 .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.
SOURCES
- Our historical
data
- Public
Administration
- Reporters
- Newspapers
- Users
- Statistics Bodies
- Financial Project
Editions
N.B.: Data from the
Public Administration present in the report are updated since the last
available edition.
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 1.629 significant companies.
The companies cash
their credits on an average of 111 dd.
The average duration
of suppliers debts is about 104 dd.
The sector's
profitability is on an average of 2,14%.
The labour cost
affects the turnover in the measure of 4,63%.
Goods are held in
stock in a range of 24 dd.
The difference
between the sales volume and the resources used to realize it is about 1,75.
The employees costs
represent the 4,73% of the production costs.
STATISTICAL DETRIMENTAL DATA
Statistcally the
trade activity shows periods of crisis.
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 |
|
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%)