MIRA
INFORM REPORT
|
Report Date : |
04.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
FORGE MONCHIERI S.P.A. |
|
|
|
|
Registered Office : |
Via Industriale, 3 25040 - Cividate Camuno (BS) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
27.12.1973 |
|
|
|
|
Com. Reg. No.: |
BS029-9589 |
|
|
|
|
Legal Form : |
Joint Stock Company with Sole Shareholder |
|
|
|
|
Line of Business : |
Foundry. Production of Forged Steel Sheets. |
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 : |
Eur 1.062.000 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
|
Forge Monchieri S.p.a. |
|
Via |
Industriale, |
3 |
|
25040 |
- Cividate Camuno |
(BS) |
-IT- |
SUMMARY
|
Fiscal Code |
: |
00482430170 |
|
Legal Form |
: |
Joint Stock company with sole shareholder |
|
Start of Activities |
: |
13/02/1974 |
|
Patrimonial Consistence |
: |
Over 2.500.000 Eur |
|
Turnover Range |
: |
75.000.000/100.000.000 Eur |
|
Number of Employees |
: |
from 71 to 90 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
1.062.000 - Eur |
|
Score |
: |
Risk low |
|
Creditworthness Rate |
: |
Excellent |
|
|
|
Financial/patrimonial analysis very good - Credit with very low risk |
ACTIVITY
Foundry.
Production of forged steel sheets.
LEGAL DATA
Legal Form :
Joint Stock company with sole shareholder
|
Fiscal Code : 00482430170 |
|
Foreign Trade Reg. no.
: BS006061 since 10/12/1991 |
|
Chamber of Commerce no.
: 188688 of Brescia since 27/05/1974 |
|
Firms' Register : BS029-9589 since 19/02/1996 |
|
V.A.T. Code : 00566270989 |
|
Foundation Date |
: 27/12/1973 |
|
|
Establishment Date |
: 27/12/1973 |
|
|
Start of Activities |
: 13/02/1974 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 1.300.000 |
Eur |
|
Subscribed Capital |
: 1.300.000 |
Eur |
|
Paid up Capital |
: 1.300.000 |
Eur |
MEMBERS
|
G.m. Multifin S.r.l. |
|
|
- Fiscal Code : 02929040174 |
|
Via |
San Marco |
, 9 |
- 25055 |
Pisogne |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
|
|
|
No Protests registered.
|
Verzeletti |
Giuseppina |
|
Born in Travagliato |
(BS) |
on 13/11/1966 |
- Fiscal Code : VRZGPP66S53L339F |
|
Residence : |
Via |
Tito Speri |
, 6/A |
- 25039 |
Travagliato |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
14/05/2004 |
|
|
No Protests registered.
|
Monchieri |
Gianfranco |
|
Born in Bienno |
(BS) |
on 29/05/1938 |
- Fiscal Code : MNCGFR38E29A861O |
|
Residence : |
Via |
E. Fermi |
, 5 |
- 25047 |
Darfo Boario Terme |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
14/05/2007 |
|
|
|
Director |
14/05/2007 |
|
|
|
Board Chairman |
14/05/2007 |
|
|
No Protests registered.
|
Monchieri |
Gaia |
|
Born in Breno |
(BS) |
on 23/05/1977 |
- Fiscal Code : MNCGAI77E63B149T |
|
Residence : |
Viale |
Manifattura Vittorio Olcese |
, 31/B |
- 25047 |
Darfo Boario Terme |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
14/05/2007 |
|
|
|
Director |
14/05/2007 |
|
|
No Protests registered.
|
Crovato |
Andrea |
|
Born in Brescia |
(BS) |
on 09/08/1947 |
- Fiscal Code : CRVNDR47M09B157R |
|
Residence : |
Via |
Del Brolo |
, 58 |
- 25100 |
Brescia |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
14/05/2007 |
|
|
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.
|
MONCHIERI |
GIANFRANCO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
CONFIDI LOMBARDIA - SOCIETA' COOPERATIVA
DI GARANZIA COLLETTIVA DEI FIDI |
Brescia (BS) - IT - |
80009890171 |
Director |
Dismiss |
Registered |
|
COS.ME.G. COSTRUZIONI MECCANICHE GENERALI
DEI F.LLI MONCHIERI |
Cividate Camuno (BS) - IT - |
00775960172 |
Partner |
Dismiss |
Ceased |
|
FRANCIACORTA INDUSTRIALE S.R.L. |
Palazzolo sull'Oglio (BS) - IT - |
01571490984 |
Sole Director |
Dismiss |
Ceased |
|
G.M. MULTIFIN S.R.L. |
Pisogne (BS) - IT - |
02929040174 |
Director |
Active |
Registered |
|
G.M. MULTIFIN S.R.L. |
Pisogne (BS) - IT - |
02929040174 |
Managing Director |
Active |
Registered |
|
G.M. MULTIFIN S.R.L. |
Pisogne (BS) - IT - |
02929040174 |
Board Chairman |
Active |
Registered |
|
ITALMECCANICA S.R.L. |
Pisogne (BS) - IT - |
03441680174 |
Board Chairman |
Dismiss |
Registered |
|
MONCHIERI |
GAIA |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
G.M. MULTIFIN S.R.L. |
Pisogne (BS) - IT - |
02929040174 |
Director |
Active |
Registered |
|
G.M. MULTIFIN S.R.L. |
Pisogne (BS) - IT - |
02929040174 |
Managing 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 |
|
G.m. Multifin S.r.l. |
Pisogne - IT - |
02929040174 |
|
100,00 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
ASSOENERGIA SOCIETA' CONSORTILE PER AZIONI |
Brescia - IT - |
03445950177 |
2.839.200 .Eur |
600,00 |
Active |
STRUCTURE AND COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
since 03/11/1987 |
in : |
|
|
|
|
|
Via |
Industriale |
, 3 |
- 25040 - |
Cividate Camuno |
(BS) |
- IT - |
|
|
|
|
PHONE |
: 0364/340950 |
|
- |
Branch |
(Factory ) |
since 02/09/2004 |
in : |
|
|
|
|
|
Via |
4 Piccoli Martiri |
, 2 |
- 25040 - |
Cividate Camuno |
(BS) |
- IT - |
|
- |
Branch |
(Factory ) |
since 01/07/2008 |
in : |
|
|
|
|
|
Via |
Alberto Tarsia |
- 25040 - |
Ceto |
(BS) |
- IT - |
|
|
|
|
Employees |
: 77 |
|
|
|
|
Assistants |
: 1 |
|
|
|
|
Fittings and Equipment |
for a value of
12.640.000 |
Eur |
|
|
|
|
Stocks |
for a value of
13.540.000 |
Eur |
|
|
|
|
Furniture and fittings |
for a value of
62.000 |
Eur |
|
|
|
|
Vehicles |
for a value of
77.000 |
Eur |
Trade organization: direct or by agents.
Business are addressed to Northern Italy.
Transports are mainly done using own vehicles and third parties ones
The company sells mainly to converting industries.
|
|
Export represents up to 20% of the global turnover.
Products abroad are placed by :
|
- direct orders from foreign companies |
Purchase terms: 60-90-120 days.
Payments are settled by cash order and drafts.
Import comes generally from the following nations:
|
- Belgio |
|
- Francia |
|
- Grecia |
|
- Ungheria |
|
- Isole Bermuda |
|
- Germania |
Export is mainly towards:
|
- Belgio |
|
- Francia |
|
- Grecia |
|
- Ungheria |
|
- Isole Bermuda |
HISTORICAL INFORMATION AND/OR
FIRM'S STATUS
|
Changes to the
legal form |
|
Former legal
form |
New legal form |
Changement Date |
|
Limited liability company |
Joint stock company |
22/12/2000 |
|
Ex-Members /
Ex-Positions |
|
Della Noce Elisabetta |
|
|
Born in Esine |
on 16/10/1941 |
- Fiscal Code : DLLLBT41R56D434K |
|
Position |
|
Sole Director |
|
Bagliani |
Giorgio |
|
Born in Milano |
on 24/06/1936 |
- Fiscal Code : BGLGRG36H24F205Q |
|
Residence : |
Via |
Verdi |
, 18 |
- 22050 |
Lomagna |
(LC) |
- IT - |
|
Position |
|
Sole Director |
|
Felter |
Fabrizio |
|
Born in Vimercate |
on 14/07/1963 |
- Fiscal Code : FLTFRZ63L14M052B |
|
Residence : |
Piazza |
Vittoria |
, 9 |
- 25100 |
Brescia |
(BS) |
- IT - |
|
Position |
|
Permanent Auditor |
|
Gaioni |
Benedetto |
|
Born in Pisogne |
on 24/05/1925 |
- Fiscal Code : GNABDT25E24G710H |
|
Residence : |
Via |
Madonnina |
, 53 |
- 25055 |
Pisogne |
(BS) |
- IT - |
|
Position |
|
Supervisory Board Chairman |
|
Supervisory Board Chairman |
|
Gabelli |
Patrizia |
|
Born in Brescia |
on 22/09/1967 |
- Fiscal Code : GBLPRZ67P62B157X |
|
Residence : |
Piazza |
Vittoria |
, 9 |
- 25100 |
Brescia |
(BS) |
- IT - |
|
Position |
|
Permanent Auditor |
|
Permanent Auditor |
|
Gabelli |
Silvana |
|
Born in Brescia |
on 22/09/1967 |
- Fiscal Code : GBLSVN67P62B157Q |
|
Residence : |
Piazza |
Vittoria |
, 9 |
- 25100 |
Brescia |
(BS) |
- IT - |
|
Position |
|
Temporary Auditor |
|
Bonetti |
Piera |
|
Born in Brescia |
on 14/05/1948 |
- Fiscal Code : BNTPRI48E54B157R |
|
Residence : |
Via |
Paolo Vi |
, 5 |
- 25100 |
Brescia |
(BS) |
- IT - |
|
Position |
|
Temporary Auditor |
|
Monchieri |
Gianfranco |
|
Born in Bienno |
on 29/05/1938 |
- Fiscal Code : MNCGFR38E29A861O |
|
Residence : |
Via |
E. Fermi |
, 5 |
- 25047 |
Darfo Boario Terme |
(BS) |
- IT - |
|
Position |
|
Director |
|
Managing Director |
|
Managing Director |
|
Board Chairman |
|
Monchieri |
Gaia |
|
Born in Breno |
on 23/05/1977 |
- Fiscal Code : MNCGAI77E63B149T |
|
Residence : |
Viale |
Manifattura Vittorio Olcese |
, 31/B |
- 25047 |
Darfo Boario Terme |
(BS) |
- IT - |
|
Position |
|
Director |
|
Monchieri |
Giovanni Battista |
|
Born in Ancona |
on 19/12/1966 |
- Fiscal Code : MNCGNN66T19B149C |
|
Residence : |
Via |
Valar |
, 15 |
- 25040 |
Esine |
(BS) |
- IT - |
|
Position |
|
Director |
|
Director |
|
Assistant board Chairman |
|
Assistant board Chairman |
|
Managing Director |
|
Managing Director |
|
Crovato |
Andrea |
|
Born in Brescia |
on 09/08/1947 |
- Fiscal Code : CRVNDR47M09B157R |
|
Residence : |
Via |
Del Brolo |
, 58 |
- 25100 |
Brescia |
(BS) |
- IT - |
|
Position |
|
Director |
|
Calvetti |
Vaifro |
|
Born in Paisco Loveno |
on 04/11/1966 |
- Fiscal Code : CLVVFR66S04G247V |
|
Residence : |
Via |
Lorenzetti |
, 15 |
- 25047 |
Darfo Boario Terme |
(BS) |
- IT - |
|
Position |
|
Temporary Auditor |
|
Temporary Auditor |
|
Monchieri |
Ilenia |
|
Born in Breno |
on 12/04/1971 |
- Fiscal Code : MNCLNI71D52B149G |
|
Residence : |
Via |
Davine |
, 7 |
- 25052 |
Piancogno |
(BS) |
- IT - |
|
Position |
|
Director |
|
Director |
|
Former seats |
|
- |
Branch |
(Sales office ) |
until 28/11/1994 |
|
|
|
|
|
Via |
TONALE |
- MILANO |
(MI) |
- IT - |
|
The firm absorbed by merging of |
|
CIVITAS SRL SOCIETA' UNIPERSONALE |
|
, 25040 |
, Cividate Camuno |
(BS) |
- IT - |
|
Fiscal Code: 00916350176 |
|
Date |
: |
22/12/2006 |
|
Project of merging by taking over of |
|
CIVITAS SRL SOCIETA' UNIPERSONALE |
|
, 25040 |
, Cividate Camuno |
(BS) |
- IT - |
|
Fiscal Code: 00916350176 |
|
Date |
Merging/Splitting-up Project : |
27/09/2006 |
PAYMENTS ANALYSIS
The average term of debts to suplliers is normal compared with that of
the sector.
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 |
8.183.129 .Eur |
NB.: For Capital Companies the value of the Immovables is the one
reported in the last available financial documents.
FINANCIAL AND ECONOMICAL ANALYSIS
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 52,01% in 2007
The operating result in 2007 was positive (37,43%) and higler than the
field average.
From a financial aspect the company's status covers total short-term
debts; the indebtedness volume in 2007 is in fact 0,98 and with an upward trend
compared to the previous year.
The available funds are good.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
90.244.437 |
filed balance sheet |
|
Profit (Loss) for the period |
14.440.369 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
61.151.945 |
filed balance sheet |
|
Profit (Loss) for the period |
6.343.629 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
43.181.411 |
filed balance sheet |
|
Profit (Loss) for the period |
2.864.950 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
30.265.471 |
filed balance sheet |
|
Profit (Loss) for the period |
1.482.749 |
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 31/12/2007 - Months 12 - Currency Eur - Amounts x 1 |
|
Balance Sheet as
at 31/12/2006 - Months 12 - Currency Eur - Amounts x 1 |
|
Years |
|
|
2007 |
2006 |
|
|
BALANCE SHEET
ACCOUNTS |
|
|
|
|
. |
|
|
|
|
|
ASSETS |
|
|
|
|
|
CREDITS TO SHAREHOLDERS |
|
|
|
|
|
FIXED ASSETS ( NET ) |
|
|
12.518.159 |
11.263.744 |
|
. Intangible assets |
|
|
59.778 |
108.778 |
|
. Tangible fixed assets |
|
|
12.457.247 |
9.636.776 |
|
. . Land and buildings |
|
|
8.183.129 |
5.431.814 |
|
. . Plants, Equipm.and Machinery |
|
|
3.523.895 |
3.534.723 |
|
. Long-term Investments |
|
|
1.134 |
1.518.190 |
|
. . Financial loans |
|
|
1.134 |
1.518.190 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
51.802.871 |
38.065.696 |
|
. Stock |
|
|
21.574.331 |
17.481.586 |
|
. Credits |
|
|
26.443.726 |
16.648.263 |
|
. . Credits to clients |
|
|
21.638.005 |
12.661.511 |
|
. . Other credits |
|
|
4.805.721 |
3.986.752 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
3.784.814 |
3.935.847 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
92.800 |
102.293 |
|
TOTAL ASSETS |
|
|
64.413.830 |
49.431.733 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
27.760.687 |
14.070.316 |
|
. Company's capital |
|
|
1.300.000 |
1.300.000 |
|
. Reserves |
|
|
12.020.318 |
6.426.687 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
14.440.369 |
6.343.629 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
516.865 |
370.530 |
|
SEVERANCE INDEMNITY FUND |
|
|
882.480 |
1.004.538 |
|
DEBTS |
|
|
35.253.117 |
33.973.341 |
|
. Financial M/L terms |
|
|
4.059.774 |
4.821.019 |
|
. . Financial M/L term banks |
|
|
4.059.774 |
4.821.019 |
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
788.255 |
3.081.448 |
|
. . Financial short-term banks |
|
|
788.255 |
1.651.136 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
|
1.430.312 |
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
21.767.920 |
19.841.786 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
8.637.168 |
6.229.088 |
|
ACCRUED EXPENSE |
|
|
681 |
13.008 |
|
TOTAL LIABILITIES |
|
|
64.413.830 |
49.431.733 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
95.576.268 |
66.114.558 |
|
. Revenues from sales/services |
|
|
90.244.437 |
61.151.945 |
|
. Change of stock (products) |
|
|
4.486.801 |
4.386.360 |
|
OPERATING EXPENSES |
|
|
71.460.114 |
55.088.005 |
|
. Purchasing expenses |
|
|
48.110.743 |
40.883.990 |
|
. Change of stock (raw material) |
|
|
394.055 |
-3.445.833 |
|
. Expenses from services |
|
|
16.311.113 |
12.127.330 |
|
. Expenses from leasing |
|
|
223.428 |
62.775 |
|
. General expenses/sundry charges |
|
|
330.237 |
153.785 |
|
. Staff expenses |
|
|
4.472.211 |
3.954.014 |
|
. Depreciation/Devaluation costs |
|
|
1.618.327 |
1.351.944 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-579.165 |
-407.805 |
|
. Financial charges |
|
|
-630.133 |
-523.935 |
|
. Financial revenues |
|
|
50.968 |
116.130 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
483 |
-7.234 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
23.537.472 |
10.611.514 |
|
TAX |
|
|
9.097.103 |
4.267.885 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
14.440.369 |
6.343.629 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2007 |
as at 31/12/2006 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
2,61 |
1,76 |
1,34 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
0,98 |
1,79 |
2,38 |
|
Current ratio |
Units |
=> 1 |
l |
1,66 |
1,30 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
0,96 |
0,70 |
0,87 |
|
Return on Sales |
% |
|
l |
17,79 |
12,58 |
4,85 |
|
Average stock waiting period |
dd |
|
l |
86,04 |
102,88 |
45,39 |
|
Credits to clients average term |
dd |
|
l |
86,29 |
74,52 |
123,51 |
|
Debts to suppliers average term |
dd |
|
l |
121,21 |
134,56 |
134,40 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 0,64 |
- 0,66 |
- 1,01 |
|
Labour cost incidence |
% |
|
l |
4,95 |
6,46 |
20,84 |
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:
1.062.000 .Eur.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
1.169.259 |
|
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 435 significant companies.
The companies cash their credits on an average of 123 dd.
The average duration of suppliers debts is about 134 dd.
The sector's profitability is on an average of 4,85%.
The labour cost affects the turnover in the measure of 20,84%.
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 1,13.
The employees costs represent the 21,01% 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 50.886 protested subjects are found; in the province they
count to 5.551.
The insolvency index for the region is 0,55, while for the province it
is 0,48.
Total Bankrupt companies in the province : 3.452.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.69 |
|
UK Pound |
1 |
Rs.72.96 |
|
Euro |
1 |
Rs.63.46 |
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%)