MIRA
INFORM REPORT
|
Report Date : |
20.07.2008 |
IDENTIFICATION
DETAILS
|
Name : |
OLIVOTTO GLASS TECHNOLOGIES S.P.A. |
|
|
|
|
Registered Office : |
Viale Gandhi, 22 10051- Avigliana (TO) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
11.07.1968 |
|
|
|
|
Com. Reg. No.: |
TO272-1968-740 |
|
|
|
|
Legal Form : |
Joint Stock Company with Sole Shareholder |
|
|
|
|
Line of Business : |
General Mechanic. Manufacturing and Installation of Machines for Plastics Processing. Manufacture of Glass-Processing Machinery |
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 107.000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name & address
Olivotto Glass Technologies S.p.a.
Viale Gandhi, 22
10051 - Avigliana (TO) -IT-
SUMMARY
|
Fiscal Code |
: |
00507040012 |
|
Legal Form |
: |
Joint Stock company with sole shareholder |
|
Start of Activities |
: |
11/07/1968 |
|
Patrimonial Consistence |
: |
Over 2.500.000 Eur |
|
Turnover Range |
: |
6.500.000/7.750.000 Eur |
|
Number of Employees |
: |
from 51 to 70 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
107.000 - Eur |
|
Score |
: |
Risk medium |
|
Creditworthness Rate |
: |
Modest |
|
|
|
The financial situation is not very balanced-Credit is possible but |
|
|
|
following the future developments. |
ACTIVITY
General mechanic.
Manufacturing and installation of machines for plastics processing.
Manufacture of glass-processing machinery.
LEGAL DATA
Legal Form
: Joint Stock company with sole shareholder
|
Fiscal Code
: 00507040012 |
|
Foreign Trade Reg. no. :
TO012475 since 13/12/1991 |
|
Chamber of Commerce no. :
407993 of Torino since 08/08/1968 |
|
Chamber of Commerce no. :
289004 of Varese |
|
Firms' Register
: TO272-1968-740 since 19/02/1996 |
|
V.A.T. Code
: 00507040012 |
|
Foundation Date |
: 11/07/1968 |
|
|
Establishment Date |
: 11/07/1968 |
|
|
Start of Activities |
: 11/07/1968 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 3.333.333 |
Eur |
|
Subscribed Capital |
: 3.333.333 |
Eur |
|
Paid up Capital |
: 3.333.333 |
Eur |
MEMBERS
|
Napoli |
Giulio |
|
Born in Fossano |
(CN) |
on 20/03/1959 |
- Fiscal Code : NPLGLI59C20D742M |
|
Residence : |
Borgata |
Giachelli |
, 8 |
- 12063 |
Dogliani |
(CN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
16/01/2007 |
|
|
|
Director |
22/12/2006 |
|
|
|
Board Chairman |
22/12/2006 |
|
|
No Protests registered.
|
Sarvia |
Sergio |
|
Born in Fossano |
(CN) |
on 23/01/1960 |
- Fiscal Code : SRVSRG60A23D742V |
|
Residence : |
Viale |
Gandhi |
, 22 |
- 10051 |
Avigliana |
(TO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
16/01/2007 |
|
|
|
Director |
22/12/2006 |
|
|
No Protests registered.
|
Cesaretto |
Antonio |
|
Born in Francoforte Sul Meno |
on 25/08/1964 |
- Fiscal Code : CSRNTN64M25Z112Y |
|
Residence : |
Via |
Monte Grappa |
, 14 |
- 10045 |
Piossasco |
(TO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
11/05/2007 |
|
|
No Protests registered.
|
Olivotto Industries S.p.a. |
|
|
- Fiscal Code : 09219330017 |
|
Residence : |
Viale |
Gandhi |
, 22 |
- 10051 |
Avigliana |
(TO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
|
|
|
No Protests registered.
|
Saba |
Monica |
|
Born in Torino |
(TO) |
on 11/03/1969 |
- Fiscal Code : SBAMNC69C51L219Q |
|
Residence : |
Strada |
Cambiano |
, 220 |
- 10023 |
Chieri |
(TO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
08/04/2008 |
|
|
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.
|
NAPOLI |
GIULIO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
AGENZIA DI POLLENZO S.P.A. |
Bra (CN) - IT - |
02654340047 |
Director |
Active |
Registered |
|
ASSOFARM S.R.L. |
Fossano (CN) - IT - |
00098620099 |
Director |
Dismiss |
Ceased |
|
CASTELLO S.R.L. |
Fossano (CN) - IT - |
02016060044 |
Director |
Dismiss |
Ceased |
|
CENTROVERDE COSTRUZIONI S.R.L. |
Fossano (CN) - IT - |
02126980040 |
Sole Director |
- |
Ceased |
|
CENTROVERDE COSTRUZIONI S.R.L. |
Fossano (CN) - IT - |
02126980040 |
General Partner |
Dismiss |
Ceased |
|
CENTROVERDE COSTRUZIONI S.R.L. |
Fossano (CN) - IT - |
02356520045 |
Sole Director |
Dismiss |
Ceased |
|
CENTROVERDE ENERGIA S.R.L. |
Fossano (CN) - IT - |
02352480046 |
Sole Director |
Dismiss |
Ceased |
|
CENTROVERDE ENERGIA S.R.L. |
Torino (TO) - IT - |
05466950010 |
Chairman |
Dismiss |
Ceased |
|
CENTROVERDE S.P.A. |
Fossano (CN) - IT - |
02123100048 |
Director |
Dismiss |
Ceased |
|
CENTROVERDE S.P.A. |
Fossano (CN) - IT - |
02123100048 |
General Manager |
Dismiss |
Ceased |
|
EBLA S.P.A. |
Torino (TO) - IT - |
00461110017 |
Director |
Dismiss |
Ceased |
|
EBLA S.P.A. |
Torino (TO) - IT - |
00461110017 |
Board Chairman |
Dismiss |
Ceased |
|
FINFARMA S.P.A. |
Torino (TO) - IT - |
04946130012 |
Director |
Dismiss |
Ceased |
|
FLEA IMMOBILIARE S.P.A. |
Torino (TO) - IT - |
01664210042 |
Director |
Active |
Registered |
|
GESTIN - S.R.L. |
Torino (TO) - IT - |
05390660016 |
Director |
Dismiss |
Ceased |
|
GIULIO NAPOLI E C. S.A.S. |
Torino (TO) - IT - |
05064350019 |
General Partner |
Dismiss |
Ceased |
|
GIULIO NAPOLI E C. S.A.S. |
Torino (TO) - IT - |
05064350019 |
Liquidator |
Dismiss |
Ceased |
|
I.C.S. - COMMERCIALE - S.R.L. |
Sant'Albano Stura (CN) - IT - |
01015560046 |
Chairman |
Dismiss |
Ceased |
|
I.C.S. - COMMERCIALE - S.R.L. |
Sant'Albano Stura (CN) - IT - |
01015560046 |
Managing Director |
Dismiss |
Ceased |
|
I.C.S. -*INDUSTRIA CHIMICA STURA - S.P.A. |
Sant'Albano Stura (CN) - IT - |
00279850044 |
Managing Director |
Dismiss |
Ceased |
|
I.C.S. -*INDUSTRIA CHIMICA STURA - S.P.A. |
Sant'Albano Stura (CN) - IT - |
00279850044 |
Attorney with special power |
Dismiss |
Ceased |
|
I.C.S. -*INDUSTRIA CHIMICA STURA - S.P.A. |
Sant'Albano Stura (CN) - IT - |
00279850044 |
General Manager |
Dismiss |
Ceased |
|
ICS RESINE SINTETICHE S.P.A. |
Torino (TO) - IT - |
05389570010 |
Managing Director |
Dismiss |
Ceased |
|
LA *FOSSANESE *PRODOTTI CHIMICI PER L'AGRICOLTURA - SOCIETA' PER
AZIONI |
Torino (TO) - IT - |
00180880049 |
Director |
Dismiss |
Ceased |
|
NOVARESINE SPA |
Milano (MI) - IT - |
00207180225 |
Managing Director |
Dismiss |
Ceased |
|
NOVARESINE SPA |
Milano (MI) - IT - |
00207180225 |
Director |
Dismiss |
Ceased |
|
OLIVOTTO FERRE' S.P.A. |
Avigliana (TO) - IT - |
02586820983 |
Managing Director |
- |
Ceased |
|
OLIVOTTO FERRE' S.P.A. |
Avigliana (TO) - IT - |
02586820983 |
Director |
- |
Ceased |
|
OLIVOTTO FERRE' S.P.A. |
Avigliana (TO) - IT - |
02586820983 |
Board Chairman |
- |
Ceased |
|
OLIVOTTO INDUSTRIES S.P.A. |
Avigliana (TO) - IT - |
09219330017 |
Managing Director |
Active |
Registered |
|
OLIVOTTO INDUSTRIES S.P.A. |
Avigliana (TO) - IT - |
09219330017 |
Director |
Active |
Registered |
|
OLIVOTTO INDUSTRIES S.P.A. |
Avigliana (TO) - IT - |
09219330017 |
Board Chairman |
Active |
Registered |
|
OLIVOTTO LYNCH S.R.L. |
Avigliana (TO) - IT - |
09619110019 |
Director |
Active |
Registered |
|
OLIVOTTO LYNCH S.R.L. |
Avigliana (TO) - IT - |
09619110019 |
Board Chairman |
Active |
Registered |
|
SAN ROMANO SOCIETA' AGRICOLA A RESPONSABILITA' LIMITATA |
Dogliani (CN) - IT - |
03017390042 |
Managing Director |
Dismiss |
Registered |
|
SAN ROMANO SOCIETA' AGRICOLA A RESPONSABILITA' LIMITATA |
Dogliani (CN) - IT - |
03017390042 |
Director |
Dismiss |
Registered |
|
SAN ROMANO SOCIETA' AGRICOLA A RESPONSABILITA' LIMITATA |
Dogliani (CN) - IT - |
03017390042 |
Director |
Active |
Registered |
|
SAN ROMANO SOCIETA' AGRICOLA A RESPONSABILITA' LIMITATA |
Dogliani (CN) - IT - |
03017390042 |
Board Chairman |
Dismiss |
Registered |
|
STARTUP S.A.S. DI GIULIO NAPOLI E C. |
- - |
08003160010 |
General Partner |
Dismiss |
Registered |
|
SARVIA |
SERGIO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
EMMEDUE DI MOCCA DARIO, MONDINI PIERINA E C. SNC |
Fossano (CN) - IT - |
02231350048 |
Silent Partner |
Active |
Registered |
|
G.P.F. GOMMA PLASTICA FOSSANO S.R.L. |
Fossano (CN) - IT - |
01950180040 |
Sole Director |
Dismiss |
Registered |
|
SABA |
MONICA |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
OLIVOTTO FERRE' S.P.A. |
Avigliana (TO) - IT - |
02586820983 |
Procurator |
- |
Ceased |
|
OLIVOTTO INDUSTRIES S.P.A. |
Avigliana (TO) - IT - |
09219330017 |
Procurator |
Active |
Registered |
|
OLIVOTTO LYNCH S.R.L. |
Avigliana (TO) - IT - |
09619110019 |
Procurator |
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 |
|
Olivotto Industries S.p.a. |
Avigliana - IT - |
09219330017 |
|
100,00 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
Olivotto Lynch S.r.l. |
Avigliana - IT - |
09619110019 |
50.000 .Eur |
100,00 |
Active |
|
Olivotto Ferre' S.p.a. |
Avigliana - IT - |
02586820983 |
24.000 .Eur |
19,51 |
Ceased |
STRUCTURE AND COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
in : |
|
|
|
|
|
Viale |
Gandhi |
, 22 |
- 10051 - |
Avigliana |
(TO) |
- IT - |
|
|
|
|
TELEX |
: 221131 |
|
|
|
|
PHONE |
: 011/9683711 |
|
|
|
|
PHONE |
: 011/9678888 |
|
|
|
|
FAX |
: 011/9679377 |
|
- |
Branch |
(Factory ) |
since 03/11/2003 |
in : |
|
|
|
|
|
Via |
G. Ferrari |
, 13 |
- 21047 - |
Saronno |
(VA) |
- IT - |
|
|
|
|
Employees |
: 63 |
|
|
|
|
Fittings and Equipment |
for a value of
690.000 |
Eur |
|
|
|
|
Stocks |
for a value of
1.390.000 |
Eur |
|
|
|
|
Furniture and fittings |
for a value of
52.000 |
Eur |
|
|
|
|
Vehicles |
for a value of
100.000 |
Eur |
The firm has a direct commercial organization
Sales are on an international scale.
|
|
The firm operates abroad as exporter. .
Export represents more than 50% of the global turnover.
Products abroad are placed by :
|
- national or foreign important buyers |
|
- trading companies |
|
- its own sales net-work |
|
- its own agents |
|
- direct orders from foreign companies |
|
- joint-ventures with foreign companies |
Import comes generally from the following nations:
|
- Belgio |
|
- Germania |
|
- Francia |
Export is mainly towards:
|
- Austria |
|
- Islanda |
|
- Belgio |
|
- Gabon |
|
|
|
- Cipro |
|
- Grecia |
|
- Francia |
HISTORICAL INFORMATION AND/OR
FIRM'S STATUS
|
Changes to the
legal form |
|
Former legal
form |
New legal form |
Changement Date |
|
Limited partnership |
Joint stock company |
18/04/1980 |
|
Joint stock company |
Limited partnership |
25/07/1995 |
|
Limited partnership |
Joint stock company |
29/04/1997 |
|
Joint stock company |
Limited partnership |
05/11/1997 |
PAYMENTS ANALYSIS
The average term of debts to suplliers is normal compared with that of
the sector.
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 |
315.555 .Eur |
NB.: For Capital Companies the value of the Immovables is the one
reported in the last available financial documents
.
FINANCIAL AND ECONOMICAL ANALYSIS
Subject is active since 1968
During the last years the subject suffered net losses and in 2006 r.o.e.
is -15,84%. 2006 loss was also due to a turnover decrease.
The return on investment in the last financial year was negative
(-3,69%).
Company's financial status is balanced since indebtedness is not high
(2,17) even though on the increase if compared to 2005.
The recourse to financial credit is within the limits; on the other hand
the recourse to suppliers' credit is rated as fairly high however still within
the sector's average.
Neverthless available funds are good.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
6.956.041 |
filed balance sheet |
|
Profit (Loss) for the period |
-838.259 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
12.008.308 |
filed balance sheet |
|
Profit (Loss) for the period |
-566.506 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
11.891.808 |
filed balance sheet |
|
Profit (Loss) for the period |
-468.542 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2003 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
7.434.514 |
filed balance sheet |
|
Profit (Loss) for the period |
22.204 |
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 ) |
|
|
3.477.763 |
5.012.707 |
|
. Intangible assets |
|
|
2.907.827 |
2.586.256 |
|
. Tangible fixed assets |
|
|
569.678 |
984.193 |
|
. . Land and buildings |
|
|
|
|
|
. . Plants, Equipm.and Machinery |
|
|
268.297 |
604.321 |
|
. Long-term Investments |
|
|
258 |
1.442.258 |
|
. . Financial loans |
|
|
258 |
1.442.258 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
19.373.883 |
13.704.533 |
|
. Stock |
|
|
11.413.646 |
7.633.208 |
|
. Credits |
|
|
4.988.046 |
4.210.855 |
|
. . Credits to clients |
|
|
3.661.978 |
2.041.899 |
|
. . Other credits |
|
|
1.326.068 |
2.168.956 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
2.972.191 |
1.860.470 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
432.261 |
446.816 |
|
TOTAL ASSETS |
|
|
23.283.907 |
19.164.056 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
5.290.888 |
6.129.148 |
|
. Company's capital |
|
|
3.333.333 |
3.333.333 |
|
. Reserves |
|
|
2.795.814 |
3.362.321 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
-838.259 |
-566.506 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
264.487 |
674.776 |
|
SEVERANCE INDEMNITY FUND |
|
|
847.232 |
840.737 |
|
DEBTS |
|
|
16.874.634 |
11.487.787 |
|
. Financial M/L terms |
|
|
2.400.704 |
3.174.607 |
|
. . Financial M/L term banks |
|
|
2.400.704 |
3.174.607 |
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
1.478.469 |
390.504 |
|
. . Financial short-term banks |
|
|
1.478.469 |
390.504 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
|
|
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
3.735.502 |
2.500.515 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
9.259.959 |
5.422.161 |
|
ACCRUED EXPENSE |
|
|
6.666 |
31.608 |
|
TOTAL LIABILITIES |
|
|
23.283.907 |
19.164.056 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
13.172.322 |
12.670.066 |
|
. Revenues from sales/services |
|
|
6.956.041 |
12.008.308 |
|
. Change of stock (products) |
|
|
3.637.267 |
-251.266 |
|
OPERATING EXPENSES |
|
|
14.033.151 |
12.811.758 |
|
. Purchasing expenses |
|
|
6.181.742 |
4.769.041 |
|
. Change of stock (raw material) |
|
|
-148.609 |
519.418 |
|
. Expenses from services |
|
|
2.212.337 |
2.199.829 |
|
. Expenses from leasing |
|
|
528.762 |
530.495 |
|
. General expenses/sundry charges |
|
|
212.134 |
208.057 |
|
. Staff expenses |
|
|
3.935.354 |
3.619.454 |
|
. Depreciation/Devaluation costs |
|
|
1.111.431 |
965.464 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-202.005 |
-245.990 |
|
. Financial charges |
|
|
-217.754 |
-316.111 |
|
. Financial revenues |
|
|
15.749 |
70.121 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
283.841 |
-444.919 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
-778.993 |
-832.601 |
|
TAX |
|
|
59.266 |
-266.095 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
-838.259 |
-566.506 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2006 |
as at 31/12/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
2,45 |
2,02 |
1,55 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
2,17 |
1,05 |
2,87 |
|
Current ratio |
Units |
=> 1 |
l |
1,33 |
1,64 |
1,24 |
|
Acid Test Ratio-Liquidity Ratio |
Units' |
=> 1 |
l |
0,54 |
0,73 |
0,96 |
|
Return on Sales |
% |
|
l |
3,92 |
3,32 |
4,70 |
|
Average stock waiting period |
dd |
|
l |
590,68 |
228,81 |
42,26 |
|
Credits to clients average term |
dd |
|
l |
189,50 |
61,20 |
132,98 |
|
Debts to suppliers average term |
dd |
|
l |
150,69 |
120,02 |
155,70 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 2,90 |
- 2,04 |
- 0,97 |
|
Labour cost incidence |
% |
|
l |
56,57 |
30,14 |
24,31 |
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:
107.000 .Eur.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
2.236.941 |
|
Population living in the region |
: |
4.330.172 |
|
Number of families in the region |
: |
1.889.207 |
Monthly family expences average in the region (in Eur.) :
|
- per food products |
: |
429 |
|
- per non food products |
: |
1.789 |
|
- per energy consume |
: |
135 |
SECTOR DATA
The values are calculated on a base of 3.623 significant companies.
The companies cash their credits on an average of 132 dd.
The average duration of suppliers debts is about 155 dd.
The sector's profitability is on an average of 4,70%.
The labour cost affects the turnover in the measure of 24,31%.
Goods are held in stock in a range of 42 dd.
The difference between the sales volume and the resources used to
realize it is about 1,15.
The employees costs represent the 25,20% 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 27.019 protested subjects are found; in the province they
count to 16.723.
The insolvency index for the region is 0,63, while for the province it
is 0,76.
Total Bankrupt companies in the province : 7.726.
Total Bankrupt companies in the region : 14.165.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.71 |
|
UK Pound |
1 |
Rs.85.11 |
|
Euro |
1 |
Rs.67.73 |
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%)