MIRA INFORM REPORT
|
Report Date : |
06.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
BIMO ITALIA S.P.A. |
|
|
|
|
Registered Office : |
Contrada Saletti, 66041- Atessa (CH) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
06.04.1987 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Production of Plastic Products. |
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 : |
EUR 637.000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Name & address
Bimo Italia S.p.a.
Contrada Saletti,
66041 - Atessa (CH) -IT-
SUMMARY
|
Fiscal Code |
: |
01417170691 |
|
Legal Form |
: |
Joint stock company |
|
Start of Activities |
: |
06/04/1987 |
|
Patrimonial Consistence |
: |
Over 2.500.000 Eur |
|
Turnover Range |
: |
75.000.000/100.000.000 Eur |
|
Number of Employees |
: |
from 176 to 200 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
637.000 - Eur |
|
Score |
: |
Risk normal |
|
Creditworthness Rate |
: |
Sufficient |
|
|
|
Under the financial aspect a certain balance is reported which leads |
|
|
|
to a credit with a very limited 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 plastic products.
Production of plastic packings.
LEGAL DATA
Legal Form : Joint stock company
|
Fiscal Code : 01417170691 |
|
Foreign Trade Reg. no. : CH000462 since 24/12/1991 |
|
Chamber of Commerce no. : 86166 of Chieti since 05/05/1987 |
|
Chamber of Commerce no. : 1397849 of Milano since 27/07/1992 |
|
Firms' Register : CH046-2312 since 19/02/1996 |
|
V.A.T. Code : 01417170691 |
|
Foundation Date |
: 21/03/1987 |
|
|
Establishment Date |
: 21/03/1987 |
|
|
Start of Activities |
: 06/04/1987 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 10.920.000 |
Eur |
|
Subscribed Capital |
: 10.920.000 |
Eur |
|
Paid up Capital |
: 10.920.000 |
Eur |
MEMBERS
|
Francalanci |
Massimo |
|
Born in Capraia e Limite |
(FI) |
on 01/05/1963 |
- Fiscal Code : FRNMSM63E01B684Q |
|
Residence : |
Via |
Larini, |
, 33 |
- 50056 |
Capraia e Limite |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
06/06/2008 |
|
|
|
Procurator |
|
|
|
|
Managing Director |
06/06/2008 |
|
|
No Protests registered.
|
Bini |
Flavio |
|
Born in Livorno |
(LI) |
on 18/06/1936 |
- Fiscal Code : BNIFLV36H18E625Q |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
06/06/2008 |
|
|
|
Managing Director |
06/06/2008 |
|
|
|
Board Chairman |
06/06/2008 |
|
|
No Protests registered.
|
Francalanci |
Gianni |
|
Born in Empoli |
(FI) |
on 06/09/1966 |
- Fiscal Code : FRNGNN66P06D403R |
|
Residence : |
Via |
Larini |
, 33 |
- 50056 |
Capraia e Limite |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
06/06/2008 |
|
|
No Protests registered.
|
Colzi |
Riccardo |
|
Born in Firenze |
(FI) |
on 03/02/1956 |
- Fiscal Code : CLZRCR56B03D612Y |
|
Residence : |
Via |
F. Baracca |
, 171 |
- 50100 |
Firenze |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Auditor |
30/05/2007 |
|
|
|
Scanavacca |
Giovanni |
|
Born in Novara |
(NO) |
on 31/08/1967 |
- Fiscal Code : SCNGNN67M31F952W |
|
Residence : |
Via |
Firenze |
, 63/B |
- 55011 |
Altopascio |
(LU) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
06/06/2008 |
|
|
|
Attorney with special power |
11/12/2007 |
|
|
No Protests registered.
|
Grasso |
Antonio Orazio |
|
Born in Leverano |
(LE) |
on 12/02/1959 |
- Fiscal Code : GRSNNR59B12E563W |
|
Residence : |
Via |
Del Verde |
, 43/B |
- 66034 |
Lanciano |
(CH) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
30/09/2004 |
|
|
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.
|
FRANCALANCI |
MASSIMO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
AGENZIA PER LO SVILUPPO DELL'EMPOLESE VALDELSA S.P.A. |
Empoli (FI) - IT - |
05181410480 |
Managing Director |
Active |
Registered |
|
AGENZIA PER LO SVILUPPO DELL'EMPOLESE VALDELSA S.P.A. |
Empoli (FI) - IT - |
05181410480 |
Director |
Active |
Registered |
|
AGENZIA PER LO SVILUPPO DELL'EMPOLESE VALDELSA S.P.A. |
Empoli (FI) - IT - |
05181410480 |
Board Chairman |
Active |
Registered |
|
FLAVIO BINI E C. SOCIETA' IN ACCOMANDITA PER AZIONI |
Milano (MI) - IT - |
11963980153 |
General Partner |
Dismiss |
Ceased |
|
HUBER ITALIA S.P.A. |
Bolzano Vicentino (VI) - IT - |
02502660240 |
Director |
Dismiss |
Registered |
|
IRPLAST - S.P.A. |
Empoli (FI) - IT - |
01295310484 |
Director |
Active |
Registered |
|
IRPLAST - S.P.A. |
Empoli (FI) - IT - |
01295310484 |
Procurator |
Dismiss |
Registered |
|
BINI |
FLAVIO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
BI.SA. DI SALANI GIULIO CESARE E C. SNC |
Vinci (FI) - IT - |
00661450486 |
Partner |
Dismiss |
Registered |
|
BINI FLAVIO |
Capraia e Limite (FI) - IT - |
BNIFLV36H18E625Q |
Proprietor |
Dismiss |
Ceased |
|
FLAVIO BINI E C. SOCIETA' IN ACCOMANDITA PER AZIONI |
Milano (MI) - IT - |
11963980153 |
General Partner |
Dismiss |
Ceased |
|
IRPLAST - S.P.A. |
Empoli (FI) - IT - |
01295310484 |
Director |
Active |
Registered |
|
IRPLAST - S.P.A. |
Empoli (FI) - IT - |
01295310484 |
Sole Director |
Dismiss |
Registered |
|
IRPLAST - S.P.A. |
Empoli (FI) - IT - |
01295310484 |
Managing Director |
Dismiss |
Registered |
|
IRPLAST - S.P.A. |
Empoli (FI) - IT - |
01295310484 |
Board Chairman |
Active |
Registered |
|
IRPLASTNASTRI - INDUSTRIA NASTRI ADESIVI - S.P.A. |
Capraia e Limite (FI) - IT - |
03445320488 |
Sole Director |
Dismiss |
Ceased |
|
PROMOZIONE*CAPRAIA E LIMITE |
Firenze (FI) - IT - |
03960140485 |
Liquidator |
Dismiss |
Ceased |
|
SCANAVACCA |
GIOVANNI |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
IRPLAST - S.P.A. |
Empoli (FI) - IT - |
01295310484 |
Attorney with special power |
Active |
Registered |
|
GRASSO |
ANTONIO ORAZIO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
SALENTO SERVICES *SOC.COOP. A R.L. |
Leverano (LE) - IT - |
02548840756 |
Assistant board Chairman |
Dismiss |
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 |
|
Irplast - S.p.a. |
Empoli - IT - |
01295310484 |
10.919.900 .Eur |
99,99 |
|
Francalanci Massimo |
Capraia e Limite - IT - |
FRNMSM63E01B684Q |
99 .Eur |
|
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 |
|
since 25/09/1987 |
in : |
|
|
|
|
|
Contrada |
Saletti |
- 66041 - |
Atessa |
(CH) |
- IT - |
|
|
|
|
PHONE |
: 0872/88421 |
|
- |
Branch |
(Representative office ) |
since 01/09/1988 |
in : |
|
|
|
|
|
Via |
Tazzoli Enrico |
, 6 |
- 20124 - |
Milano |
(MI) |
- IT - |
|
|
|
|
|
Trading Style: BIMO ITALIA S.P.A. |
|
- |
Branch |
(Factory ) |
since 01/01/1999 |
in : |
|
|
|
|
|
Contrada |
Saletti Agglomerato B |
, S.N.C. Loc. ZONA INDUSTRIALE |
- 66041 - |
Atessa |
(CH) |
- IT - |
|
|
|
|
PHONE |
: 0872/88421 |
|
- |
Branch |
(Store ) |
since 17/12/2002 |
in : |
|
|
|
|
|
Zona Industriale |
. |
- 66041 - |
Atessa |
(CH) |
- IT - |
|
- |
Branch |
(Store ) |
since 03/12/2007 |
in : |
|
|
|
|
|
Zona Industriale |
Industriale La Selva |
- 66020 - |
Paglieta |
(CH) |
- IT - |
|
|
|
|
Employees |
: 199 |
|
|
|
|
Fittings and Equipment |
for a value of
42.930.000 |
Eur |
|
|
|
|
Stocks |
for a value of
13.720.000 |
Eur |
|
|
|
|
Furniture and fittings |
for a value of
210.000 |
Eur |
|
|
|
|
Vehicles |
for a value of
390.000 |
Eur |
Trade organization: direct or by agents.
Sales area on a national scale.
Transports are mainly done using own vehicles and third parties ones
The company sells mainly to converting industries.
Export represents more than 50% of the global turnover.
For its own sales, subject mostly acceptes payments within 90 days.
Financial means used for sale: bank transfers and bank orders.
Purchase terms: 60-90-120 days.
Subject mostly settles its engagements by cash order.
Import comes generally from the following nations:
|
- Germania |
|
- Francia |
|
- Belgio |
|
- Gran Bretagna |
Traded Brands / Suppliers:
|
- BIMO |
|
- STILAN |
|
- IRPLAST |
HISTORICAL INFORMATION AND/OR FIRM'S STATUS
|
Changes to the
legal form |
|
Former legal
form |
New legal form |
Changement Date |
|
General partnership |
Joint stock company |
01/06/1992 |
|
Ex-Members /
Ex-Positions |
|
Viti |
Alessandro |
|
Born in Capraia e Limite |
on 16/08/1944 |
- Fiscal Code : VTILSN44M16B684I |
|
Residence : |
Via |
F.lli Cervi |
, 16 |
- 50056 |
Capraia e Limite |
(FI) |
- IT - |
|
Position |
|
Director |
|
Villi |
Franco |
|
Born in Firenze |
on 08/11/1947 |
- Fiscal Code : VLLFNC47S08D612T |
|
Residence : |
Via |
Andrea Del Castagno |
, 16 |
- 50100 |
Firenze |
(FI) |
- IT - |
|
Position |
|
Permanent Auditor |
|
Mori |
Simonetto |
|
Born in Lastra A Signa |
on 27/04/1943 |
- Fiscal Code : MROSNT43D27E466T |
|
Residence : |
Via |
Ugo Corsi |
, 22 |
- 50100 |
Firenze |
(FI) |
- IT - |
|
Position |
|
Director |
|
Partner |
|
Bini |
Flavio |
|
Born in Livorno |
on 18/06/1936 |
- Fiscal Code : BNIFLV36H18E625Q |
|
Position |
|
Partner |
|
Managing Director |
|
Del Lupo |
Angelo |
|
Born in CAMPOBASSO |
on 03/03/1946 |
- Fiscal Code : DLLNGL46C03B519U |
|
Residence : |
Via |
REPUBBLICA VASTESE |
, 16 |
- 66054 |
Vasto |
(CH) |
- IT - |
|
Position |
|
Technical Manager |
|
Pucci |
Nicla |
|
Born in CAPRAIA E LIMITE |
on 05/01/1957 |
- Fiscal Code : PCCNCL57A45B684G |
|
Residence : |
Via |
PALAZZACCIO |
, 2 PR. |
- 50056 |
Capraia e Limite |
(FI) |
- IT - |
|
Position |
|
Director |
|
De Donno |
Maurizio |
|
Born in Galatina |
on 10/09/1962 |
- Fiscal Code : DDNMRZ62P10D862A |
|
Residence : |
Via |
B. Varchi |
, 39 |
- 50100 |
Firenze |
(FI) |
- IT - |
|
Position |
|
Temporary Auditor |
|
Borio |
Gianfranco |
|
Born in San Remo |
on 28/07/1966 |
- Fiscal Code : BROGFR66L28I138K |
|
Residence : |
Via |
Grecia |
, 37 |
- 50100 |
Firenze |
(FI) |
- IT - |
|
Position |
|
Supervisory Board Chairman |
|
Permanent Auditor |
|
CASAGNI |
STEFANO |
|
Born in GROSSETO |
on 15/08/1961 |
- Fiscal Code : CSGSFN61M15E202O |
|
Residence : |
Lungarno |
TORRIGIANI |
, 35 |
- 50100 |
Firenze |
(FI) |
- IT - |
|
Position |
|
Supervisory Board Chairman |
|
TANINI |
FRANCESCA |
|
Born in FIRENZE |
on 10/08/1966 |
- Fiscal Code : TNNFNC66M50D612N |
|
Residence : |
Via |
XX SETTEMBRE |
, 52 |
- 50100 |
Firenze |
(FI) |
- IT - |
|
Position |
|
Temporary Auditor |
|
Colzi |
Riccardo |
|
Born in Firenze |
on 03/02/1956 |
- Fiscal Code : CLZRCR56B03D612Y |
|
Residence : |
Via |
F. Baracca |
, 171 |
- 50100 |
Firenze |
(FI) |
- IT - |
|
Position |
|
Temporary Auditor |
|
SEVERIN |
ANDREA |
|
Born in MILANO |
on 31/08/1959 |
- Fiscal Code : SVRNDR59M31F205O |
|
Residence : |
Via |
CECCONI |
, 52 |
- 59100 |
Prato |
(PO) |
- IT - |
|
Position |
|
Attorney with special power |
|
Scanavacca |
Giovanni |
|
Born in Novara |
on 31/08/1967 |
- Fiscal Code : SCNGNN67M31F952W |
|
Residence : |
Via |
Firenze |
, 63/B |
- 55011 |
Altopascio |
(LU) |
- IT - |
|
Position |
|
Attorney with special power |
|
Borrione |
Andrea |
|
Born in Milano |
on 09/03/1968 |
- Fiscal Code : BRRNDR68C09F205E |
|
Residence : |
Corso |
Del Piazzo |
, 29 |
- 13051 |
Biella |
(BI) |
- IT - |
|
Position |
|
Attorney with special power |
|
Former seats |
|
- |
Branch |
(Store ) |
since 17/12/2002 |
|
|
|
|
|
Zona Industriale |
Ovest 1 |
- 66043 |
- Casoli |
(CH) |
- IT - |
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 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.
IMMOVABLES *
*No specific (mortgage/cadastrial registrations) inspections have been
requested.
|
Immovable Type |
Value |
|
Real estates |
12.040.676 .Eur |
|
Real estates |
17.853.858 .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 1987
During the last years, it achieved profits (r.o.e. 0,88% on 2006) thanks
to a progressive increase in turnover (+9,42% in 2006 compared to 2005 and
+10,02% in 2005 compared to 2004).
The return on Investment in the last financial year was positive (4,16%)
and reflects the field's average.
The financial status of the company is fairly balanced with an
indebtedness level of 2,64 but with an increase as against the previous
accounting period.
Financial debts as well as debts to suppliers are rather high but lower
than the field average.
Liquidity is rather modest.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
81.088.214 |
filed balance sheet |
|
Profit (Loss) for the period |
212.323 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
74.102.586 |
filed balance sheet |
|
Profit (Loss) for the period |
413.225 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
67.352.498 |
filed balance sheet |
|
Profit (Loss) for the period |
36.799 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2003 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
62.936.585 |
filed balance sheet |
|
Profit (Loss) for the period |
95.119 |
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 ) |
|
|
70.985.607 |
60.760.734 |
|
. Intangible assets |
|
|
9.575.931 |
9.238.845 |
|
. Tangible fixed assets |
|
|
61.405.770 |
51.517.983 |
|
. . Land and buildings |
|
|
17.853.858 |
7.149.262 |
|
. . Plants, Equipm.and Machinery |
|
|
42.928.851 |
43.587.179 |
|
. Long-term Investments |
|
|
3.906 |
3.906 |
|
. . Financial loans |
|
|
3.906 |
3.906 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
41.400.487 |
33.266.963 |
|
. Stock |
|
|
13.716.007 |
10.750.276 |
|
. Credits |
|
|
27.464.586 |
21.592.600 |
|
. . Credits to clients |
|
|
20.210.806 |
17.875.705 |
|
. . Other credits |
|
|
7.253.780 |
3.716.895 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
219.894 |
924.087 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
239.640 |
775.406 |
|
TOTAL ASSETS |
|
|
112.625.734 |
94.803.103 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
24.008.108 |
23.795.781 |
|
. Company's capital |
|
|
10.920.000 |
10.920.000 |
|
. Reserves |
|
|
1.339.529 |
1.318.863 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
11.536.256 |
11.143.693 |
|
. Profit (loss) |
|
|
212.323 |
413.225 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
308.298 |
197.043 |
|
SEVERANCE INDEMNITY FUND |
|
|
2.515.291 |
2.297.255 |
|
DEBTS |
|
|
82.620.981 |
64.640.299 |
|
. Financial M/L terms |
|
|
16.655.914 |
5.923.258 |
|
. . Financial M/L term banks |
|
|
2.666.666 |
5.923.258 |
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
13.989.248 |
|
|
. Financial short-term debts |
|
|
43.169.288 |
38.218.373 |
|
. . Financial short-term banks |
|
|
42.629.441 |
38.218.373 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
539.847 |
|
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
18.502.424 |
15.992.328 |
|
. Sundry M/L debts |
|
|
2.160.392 |
2.737.413 |
|
. Sundry short-term debts |
|
|
2.132.963 |
1.768.927 |
|
ACCRUED EXPENSE |
|
|
3.173.056 |
3.872.725 |
|
TOTAL LIABILITIES |
|
|
112.625.734 |
94.803.103 |
PROFIT AND LOSS ACCOUNTS
|
OUTPUT VALUE |
|
|
88.887.333 |
78.428.957 |
|
. Revenues from sales/services |
|
|
81.088.214 |
74.102.586 |
|
. Change of stock (products) |
|
|
2.033.190 |
721.784 |
|
OPERATING EXPENSES |
|
|
84.191.585 |
74.643.599 |
|
. Purchasing expenses |
|
|
50.714.909 |
44.838.907 |
|
. Change of stock (raw material) |
|
|
-932.542 |
-2.302.353 |
|
. Expenses from services |
|
|
18.541.259 |
16.618.780 |
|
. Expenses from leasing |
|
|
229.842 |
814.677 |
|
. General expenses/sundry charges |
|
|
588.477 |
185.216 |
|
. Staff expenses |
|
|
8.101.997 |
7.990.336 |
|
. Depreciation/Devaluation costs |
|
|
6.947.643 |
6.498.036 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-3.265.571 |
-2.215.148 |
|
. Financial charges |
|
|
-3.526.162 |
-2.428.578 |
|
. Financial revenues |
|
|
260.591 |
213.430 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
41.712 |
-59.889 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
1.471.889 |
1.510.321 |
|
TAX |
|
|
1.259.566 |
1.097.096 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
212.323 |
413.225 |
RATIOS
|
|
Item |
O.V. |
O.V. |
as at 31/12/2006 |
as at 31/12/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
0,63 |
0,57 |
1,33 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
2,64 |
2,31 |
2,77 |
|
Current ratio |
Units |
=> 1 |
l |
0,64 |
0,59 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units' |
=> 1 |
l |
0,43 |
0,40 |
0,88 |
|
Return on Sales |
% |
|
l |
8,82 |
9,32 |
4,30 |
|
Average stock waiting period |
dd |
|
l |
60,87 |
52,20 |
45,01 |
|
Credits to clients average term |
dd |
|
l |
89,71 |
86,83 |
132,22 |
|
Debts to suppliers average term |
dd |
|
l |
95,83 |
92,44 |
148,80 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 4,02 |
- 2,98 |
- 1,12 |
|
Labour cost incidence |
% |
|
l |
9,99 |
10,78 |
16,49 |
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
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:
637.000 .Eur.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
391.167 |
|
Population living in the region |
: |
1.299.272 |
|
Number of families in the region |
: |
479.313 |
Monthly family expences average in the region (in Eur.) :
|
- per food products |
: |
448 |
|
- per non food products |
: |
1.525 |
|
- per energy consume |
: |
106 |
SECTOR DATA
The values are calculated on a base of 2.337 significant companies.
The companies cash their credits on an average of 132 dd.
The average duration of suppliers debts is about 148 dd.
The sector's profitability is on an average of 4,30%.
The labour cost affects the turnover in the measure of 16,49%.
Goods are held in stock in a range of 45 dd.
The difference between the sales volume and the resources used to
realize it is about 1,17.
The employees costs represent the 16,78% of the production costs.
STATISTICAL DETRIMENTAL DATA
Statistcally the trade activity shows periods of crisis.
The area is statistically considered moderately risky.
In the region 11.587 protested subjects are found; in the province they
count to 3.035.
The insolvency index for the region is 0,90, while for the province it
is 0,79.
Total Bankrupt companies in the province : 1.253.
Total Bankrupt companies in the region : 5.123.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 42.00 |
|
UK Pound |
1 |
Rs. 82.14 |
|
Euro |
1 |
Rs. 65.09 |
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%)