MIRA
INFORM REPORT
|
Report Date : |
11.05.2007 |
IDENTIFICATION DETAILS
|
Name : |
Lombardini S.r.l. |
|
|
|
|
Registered Office : |
Via
Cav. 42100 - Reggio Emilia (RE) -IT |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
28.02.2005 |
|
|
|
|
Date of Incorporation : |
17/12/1999 |
|
|
|
|
Legal Form : |
Sole-Member Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturing and installation of internal combustion engines (means of
transport engines excluded). Manufacturing of internal combustion engines for ships. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
560.900 - Eur |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
Lombardini S.r.l.
Via
Cav.
42100 - Reggio
Emilia (RE) -IT-
SUMMARY
|
Legal Form |
: |
Sole-Member Limited Liability Company |
|
Start of Activities |
: |
17/12/1999 |
|
Patrimonial Consistence |
: |
Over 2.500.000 Eur |
|
|
: |
over 150.000.000 Eur |
|
Number of Employees |
: |
from 1000 to 1500 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
560.900 - Eur |
ACTIVITY
Manufacturing and installation of internal combustion engines (means of
transport engines excluded).
Manufacturing of internal combustion engines for ships.
LEGAL DATA
Legal Form : Sole-Member Limited Liability Company
|
Fiscal Code : 01829970357 |
|
Foreign Trade Reg. no. : RE023510 since 13/01/2000 |
|
Chamber of Commerce no. : 227083 of Reggio Emilia since 29/03/1999 |
|
Chamber of Commerce no. : 52977 of Rieti |
|
Chamber of Commerce no. : 299231 of |
|
Firms' Register : RE-1999-10875 since 01/04/1999 |
|
Establishment Date |
: 16/03/1999 |
|
|
Start of Activities |
: 17/12/1999 |
|
|
Legal Duration Date |
: 31/12/2100 |
|
|
Nominal Capital |
: 44.000.000 |
Eur |
|
Subscribed Capital |
: 44.000.000 |
Eur |
|
Paid up Capital |
: 44.000.000 |
Eur |
MEMBERS
|
Tranchini |
Giuseppe |
|
Born in |
(BA) |
on 14/03/1958 |
- Fiscal Code : TRNGPP58C14A662H |
|
Residence : |
Via |
Papa Leone Xiii |
, 45 |
- 66100 |
|
(CH) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
27/03/2007 |
|
|
|
Procurator |
10/12/2004 |
|
|
No Protests registered.
|
Loredan |
Francesco |
|
Born in Venezia |
(VE) |
on 07/09/1958 |
- Fiscal Code : LRDFNC58P07L736M |
|
Residence : |
Via |
Route De Meinier |
, 151 |
- 1252 |
Ginevra |
- CH - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
26/02/2007 |
|
|
No Protests registered.
|
Cedolini |
Mario |
|
Born in Valdobbiadene |
(TV) |
on 06/07/1947 |
- Fiscal Code : CDLMRA47L06L565G |
|
Residence : |
Via |
Erizze |
, 43 |
- 31100 |
Valdobbiadena |
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
10/12/2004 |
|
|
No Protests registered.
|
Borghi |
Gianni |
|
Born in Reggio Emilia |
(RE) |
on 14/04/1940 |
- Fiscal Code : BRGGNN40D14H223O |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
26/02/2007 |
|
|
|
Managing Director |
26/02/2007 |
|
|
|
Board Chairman |
27/03/2007 |
|
|
No Protests registered.
|
|
Roberto |
|
Born in |
on 25/03/1962 |
- Fiscal Code : PSIRRT62C25Z404I |
|
Residence : |
Via |
|
, 70 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
27/03/2007 |
|
|
No Protests registered.
|
Mallarino |
Paolo |
|
Born in |
(TO) |
on 27/12/1963 |
- Fiscal Code : MLLPLA63T27L219L |
|
Residence : |
Strada |
Del Nobile |
, 39 |
- 10100 |
|
(TO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
09/05/2006 |
|
|
No Protests registered.
|
|
Christian |
|
Born in Roanne |
on 19/11/1945 |
- Fiscal Code : PRRCRS45S19Z110B |
|
Residence : |
Via |
St. Georges De Reneins |
- FR - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
25/01/2000 |
|
|
No Protests registered.
|
Duri |
Giuseppe |
|
Born in Reggio Emilia |
(RE) |
on 27/05/1948 |
- Fiscal Code : DRUGPP48E27H223A |
|
Residence : |
Via |
Nobili |
, 3 |
- 42100 |
Reggio Emilia |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
25/01/2000 |
|
|
No Protests registered.
|
Paini |
Gianluca |
|
Born in Reggio Emilia |
(RE) |
on 22/02/1964 |
- Fiscal Code : PNAGLC64B22H223Y |
|
Residence : |
Via |
Verdi |
, 26 |
- 42027 |
Montecchio Emilia |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
25/01/2000 |
|
|
No Protests registered.
|
Traino |
Enrico |
|
Born in Roma |
(RM) |
on 01/11/1967 |
- Fiscal Code : TRNNRC67S01H501Y |
|
Residence : |
Via |
Belvedere |
, 30/A |
- 02100 |
Rieti |
(RI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
31/08/2004 |
|
|
No Protests registered.
|
Aldini |
Luigi Rino |
|
Born in Carpineti |
(RE) |
on 28/03/1947 |
- Fiscal Code : LDNLRN47C28B825G |
|
Residence : |
Via |
Campanelli |
, 10/B |
- 02100 |
Rieti |
(RI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
09/05/2006 |
|
|
No Protests registered.
|
Pricewaterhousecoopers S.p.a. In Breve |
Pwc |
|
- Fiscal Code : 12979880155 |
|
Residence : |
Viale |
Monte |
, 91 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Auditor |
26/08/2004 |
|
|
No Protests registered.
|
Mark Iv |
|
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
|
|
|
No Protests registered.
|
Ribet |
Giuliana |
|
Born in Pinerolo |
(TO) |
on 04/06/1966 |
- Fiscal Code : RBTGLN66H44G674E |
|
Residence : |
Via |
Roma |
, 153 |
- 10060 |
None |
(TO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
20/02/2006 |
|
|
No Protests registered.
|
Barchi |
Pietro |
|
Born in Reggio Emilia |
(RE) |
on 27/08/1964 |
- Fiscal Code : BRCPTR64M27H223P |
|
Residence : |
Via |
Miglioli |
, 3 |
- 42019 |
Scandiano |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
31/08/2004 |
|
|
No Protests registered.
|
Costantini |
Paolo |
|
Born in Sassuolo |
(MO) |
on 22/02/1972 |
- Fiscal Code : CSTPLA72B22I462G |
|
Residence : |
Via |
A. De Gasperi |
, 3 |
- 42013 |
Casalgrande |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
10/12/2004 |
|
|
No Protests registered.
|
Galli |
Claudio |
|
Born in |
(MO) |
on 05/02/1958 |
- Fiscal Code : GLLCLD58B05F257B |
|
Residence : |
Via |
Fratelli Cervi |
, 9 |
- 42025 |
Cavriago |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
03/04/2007 |
|
|
No Protests registered.
|
Crema |
Paolo |
|
Born in Reggio Emilia |
(RE) |
on 15/09/1971 |
- Fiscal Code : CRMPLA71P15H223L |
|
Residence : |
Via |
Lazio |
, 42 |
- 02100 |
Rieti |
(RI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
20/02/2006 |
|
|
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.
|
TRANCHINI |
|
|
CEDOLINI |
|
|
BORGHI |
|
|
MALLARINO |
|
|
|
|
|
DURI |
|
|
PAINI |
|
|
TRAINO |
|
|
ALDINI |
|
|
RIBET |
|
|
GALLI |
|
|
CREMA |
|
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 |
|
Mark Iv |
|
|
|
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:
|
- |
Legal and operative seat |
|
in : |
|
|
|
|
|
Via |
Cav. |
, 2 |
- 42100 - |
Reggio Emilia |
(RE) |
- IT - |
|
|
|
|
PHONE |
: 0522/3891 |
|
- |
Branch |
(Factory ) |
since 17/12/1999 |
in : |
|
|
|
|
|
Via |
E. Greco |
, 8 Loc. VAZIA |
- 02100 - |
Rieti |
(RI) |
- IT - |
|
- |
Branch |
(office ) |
since 20/01/2001 |
in : |
|
|
|
|
|
|
, 2D |
Hong San Walk |
- SG - |
|
|
|
|
|
Trading Style: LOMBARDINI-ASIA/OCEANIA OFFICE |
|
- |
Branch |
(Factory ) |
since 01/03/2003 |
in : |
|
|
|
|
|
Via |
Erizzo |
, 37 |
- 31049 - |
Valdobbiadene |
(TV) |
- IT - |
|
|
|
|
|
Trading Style: A.C.M.E. MOTORI |
|
- |
Branch |
(Factory ) |
since 28/02/2006 |
in : |
|
|
|
|
|
Via |
E. Greco |
, 3/A Loc. VAZIA |
- 02100 - |
Rieti |
(RI) |
- IT - |
|
|
|
|
|
Trading Style: LOMBARDINI MARINE |
|
|
|
|
Employees |
: 1.023 |
|
|
|
|
Fittings and Equipment |
for a value of
16.041.151 |
Eur |
|
|
|
|
Stocks |
for a value of 80.208.338 |
Eur |
Trade organization: direct or by agents.
The company sells in
The company 's mainly customers are companies.
Import comes generally from the following nations:
|
- Francia |
|
- |
|
- |
|
- Cina |
|
- Giappone |
|
- |
Export is mainly towards:
|
- |
|
- |
|
- Cina |
|
- Giappone |
HISTORICAL
INFORMATION AND/OR FIRM'S
STATUS
|
Former seats |
|
- |
Branch |
(Factory ) |
since 17/12/1999 |
until 31/03/2001 |
|
|
|
|
|
Via |
CARTESIO |
- 42100 |
- REGGIO EMILIA |
(RE) |
- IT - |
|
- |
Branch |
(Factory ) |
since 10/04/2001 |
|
|
|
|
|
Viale |
Europa E Ang. Via S.ilario Sud |
- 56021 |
- Cascina |
(PI) |
- IT - |
|
The firm absorbed by merging of |
|
lombardini Marine S.r.l. |
|
Via |
E.greco |
, 3/A |
, 02100 |
, Rieti |
(RI) |
- IT - |
|
Fiscal Code: 00725710578 |
|
Date |
: |
20/02/2006 |
|
Project of merging by taking over of |
|
lombardini Marine S.r.l. |
|
Via |
E.greco |
, 3/A |
, 02100 |
, Rieti |
(RI) |
- IT - |
|
Fiscal Code: 00725710578 |
|
Date |
Merging/Splitting-up Project : |
20/07/2005 |
|
The firm absorbed by merging of |
|
Anonima Costruzione Motori Endotermici -A.c.m.e. - S.r.l. |
|
Via |
Erizzo |
, 37 |
, 31049 |
, Valdobbiadene |
(TV) |
- IT - |
|
Fiscal Code: 00178410262 |
|
Date |
: |
25/02/2003 |
|
Project of merging by taking over of |
|
Anonima Costruzione Motori Endotermici -A.c.m.e. - S.r.l. |
|
Via |
Erizzo |
, 37 |
, 31049 |
, Valdobbiadene |
(TV) |
- IT - |
|
Fiscal Code: 00178410262 |
|
Date |
Merging/Splitting-up Project : |
30/11/2002 |
|
The firm absorbed by merging of |
|
lombardini Fabbrica Italiana Motori -soCieta' Per Azioni Abbreviabile
In |
|
Via |
Cav.del Lavoro A.lombardini |
, 2 |
, 42100 |
, Reggio Emilia |
(RE) |
- IT - |
|
Fiscal Code: 00725700579 |
|
Date |
: |
27/12/1999 |
|
Project of merging by taking over of |
|
lombardini Fabbrica Italiana Motori -soCieta' Per Azioni Abbreviabile
In |
|
Via |
Cav.del Lavoro A.lombardini |
, 2 |
, 42100 |
, Reggio Emilia |
(RE) |
- IT - |
|
Fiscal Code: 00725700579 |
|
Date |
Merging/Splitting-up Project : |
29/04/1999 |
PAYMENTS ANALYSIS
The average term of debts to suppliers is higher than the sector one.
PAYMENTS SCORE : - No insolvency
CREDIT REVOLVING
The subject of inquiry has been monitored by our company:
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 |
|
BANCA NAZIONALE DEL LAVORO SPA |
AGENZIA LOCALE |
|
|
|
1005 |
|
|
ISTITUTO BANCARIO SAN PAOLO I.M.I. D |
AGENZIA LOCALE |
|
|
|
1025 |
|
IMMOVABLES *
*No specific (mortgage/cadastrial registrations) inspections have been
requested.
|
Immovable Type |
Value |
|
Real estates |
29.620.352 .Eur |
|
Real estates |
28.361.914 .Eur |
NB.: For Capital Companies the value of the Immovables is the one
reported in the last available financial documents.
FINANCIAL AND
ECONOMICAL ANALYSIS
The company is active since 1999
Under the financial profile unstable results are noted. yet with a
positive result in the 2005 (r.o.e. 2,04%). Upward trend as to the turnover in
the last financial year (+7,16%).
The operating result was positive in the last financial year (2,55%) and
reflects the field's average.
Company's financial status is balanced since indebtedness is not high
(2,11) and decreasing as against 2004.
Companys' indebtedness is fairly high in relation to its net worth;
payments average period is slow and higher than sector's average.
Liquid assets are good.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
28/02/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
200.523.824 |
filed balance sheet |
|
Profit (Loss) for the period |
1.000.466 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
28/02/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
187.118.367 |
filed balance sheet |
|
Profit (Loss) for the period |
-2.548.488 |
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 28/02/2005 - Months 12 - Currency Eur - Amounts x 1 |
|
Balance Sheet as
at 28/02/2004 - Months 12 - Currency Eur - Amounts x 1 |
|
Years |
|
|
2005 |
2004 |
|
|
BALANCE SHEET
ACCOUNTS |
|
|
|
|
. |
|
|
|
|
|
ASSETS |
|
|
|
|
|
CREDITS TO SHAREHOLDERS |
|
|
|
|
|
FIXED ASSETS ( NET ) |
|
|
104.128.331 |
108.704.329 |
|
. Intangible assets |
|
|
22.079.012 |
26.864.627 |
|
. Tangible fixed assets |
|
|
52.211.268 |
53.549.464 |
|
. . Land and buildings |
|
|
28.361.914 |
29.575.851 |
|
. . Plants, Equipm.and Machinery |
|
|
20.815.982 |
21.308.157 |
|
. Long-term Investments |
|
|
29.838.051 |
28.290.238 |
|
. . Financial loans |
|
|
26.657.051 |
23.509.238 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
104.508.389 |
102.286.796 |
|
. Stock |
|
|
38.315.899 |
34.593.555 |
|
. Credits |
|
|
65.448.758 |
67.637.147 |
|
. . Credits to clients |
|
|
58.986.008 |
60.403.357 |
|
. . Other credits |
|
|
6.462.750 |
7.233.790 |
|
. Short-term financial assets |
|
|
18.709 |
18.709 |
|
. Liquid assets |
|
|
725.023 |
37.385 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
758.725 |
663.373 |
|
TOTAL ASSETS |
|
|
209.395.445 |
211.654.498 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
48.897.760 |
47.897.294 |
|
. Company's capital |
|
|
|
44.000.000 |
|
. Reserves |
|
|
47.897.294 |
6.445.782 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
1.000.466 |
-2.548.488 |
|
PROVISION CHARGES ACCOUNTS |
|
|
2.178.793 |
2.171.320 |
|
STAFF TERM INDEMNITY |
|
|
17.560.658 |
17.376.811 |
|
DEBTS |
|
|
140.304.919 |
143.364.124 |
|
. Financial M/L terms |
|
|
31.065.359 |
|
|
. . Financial M/L term banks |
|
|
31.065.359 |
|
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
23.288.155 |
74.288.331 |
|
. . Financial short-term banks |
|
|
11.979.552 |
60.146.408 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
11.308.603 |
14.141.923 |
|
. M/L term debts to suppliers |
|
|
5.316.298 |
|
|
. Short-term debts to suppliers |
|
|
72.415.052 |
61.328.048 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
8.220.055 |
7.747.745 |
|
ACCRUED COSTS DEFERR. LIABILITIES |
|
|
453.315 |
844.949 |
|
TOTAL LIABILITIES |
|
|
209.395.445 |
211.654.498 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
205.291.235 |
185.044.618 |
|
. Revenues from sales/services |
|
|
200.523.824 |
187.118.367 |
|
. Change of stock (products) |
|
|
3.766.796 |
-2.869.701 |
|
OPERATING EXPENSES |
|
|
199.940.334 |
185.672.708 |
|
. Purchasing expenses |
|
|
101.635.796 |
87.923.041 |
|
. Change of stock (raw material) |
|
|
44.451 |
3.192.931 |
|
. Expenses from services |
|
|
40.805.132 |
36.225.951 |
|
. Expenses from leasing |
|
|
432.613 |
473.211 |
|
. General expenses/sundry charges |
|
|
1.467.622 |
1.544.020 |
|
. Staff expenses |
|
|
39.518.942 |
38.330.325 |
|
. Depreciation/Devaluation costs |
|
|
16.035.778 |
17.983.229 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-2.369.288 |
46.806 |
|
. Financial charges |
|
|
-3.981.273 |
-3.950.758 |
|
. Financial revenues |
|
|
1.611.985 |
3.997.564 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
-126.400 |
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
-21.147 |
8.196 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
2.960.466 |
-699.488 |
|
TAX |
|
|
1.960.000 |
1.849.000 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
1.000.466 |
-2.548.488 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 28/02/2005 |
as at 28/02/2004 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
|
0,98 |
0,60 |
1,92 |
|
Net Short-term indebtedness |
Units |
- 1 |
|
2,11 |
2,99 |
3,05 |
|
Current ratio |
Units |
=> 1 |
|
1,00 |
0,71 |
1,26 |
|
Acid Test Ratio-Liquidity Ratio |
Units' |
=> 1 |
|
0,63 |
0,47 |
0,92 |
|
Return on Sales |
% |
|
|
8,49 |
8,24 |
3,74 |
|
Average stock waiting period |
dd |
|
|
68,76 |
66,52 |
56,77 |
|
Credits to clients average term |
dd |
|
|
105,87 |
116,20 |
129,13 |
|
Debts to suppliers average term |
dd |
|
|
195,84 |
177,15 |
150,00 |
|
Net financial revenues/ charges incidence |
% |
|
|
- 1,18 |
0,02 |
- 1,03 |
|
Labour cost incidence |
% |
|
|
19,70 |
20,48 |
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
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 54%, in respect of a sector
average of 55%.
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:
560.900 .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%)