MIRA
INFORM REPORT
|
Report Date : |
25.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
ARCELORMITTAL SSC ITALIA S.R.L. |
|
|
|
|
Registered Office : |
Piazza Fontana, 6 20122 –
Milano (MI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
12.12.2005 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Iron Industry. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
Eur 63.000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
name & address
Arcelormittal Ssc Italia S.r.l.
Piazza Fontana, 6
20122 - Milano (MI) -IT-
SUMMARY
|
Fiscal Code |
: |
05076940963 |
|
Legal Form |
: |
Limited liability company |
|
Start of Activities |
: |
01/07/2006 |
|
Patrimonial Consistence |
: |
Over 2.500.000 Eur |
|
Turnover Range |
: |
50.000.000/75.000.000 Eur |
|
Number of Employees |
: |
from 91 to 110 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
63.000 - Eur |
|
Score |
: |
Risk high |
|
Creditworthness Rate |
: |
Scanty |
|
|
|
Commercial trend and economic/financial situation not adequate - |
|
|
|
Caution recommended for credit transaction. |
ACTIVITY
Iron industry.
LEGAL DATA
Legal Form
: Limited liability company
|
Fiscal Code
: 05076940963 |
|
Foreign Trade Reg. no. :
MI358818 since 30/10/2006 |
|
Chamber of Commerce no. : 1795155 |
|
Chamber of Commerce no. : 1795155 of Monza e Brianza |
|
Chamber of Commerce no. : 1795155 of Milano since 30/12/2005 |
|
Chamber of Commerce no. : 60595 of Rieti |
|
Chamber of Commerce no. : 261191 of Udine |
|
Chamber of Commerce no. : 338515 of Venezia |
|
Establishment Date |
: 12/12/2005 |
|
|
Start of Activities |
: 01/07/2006 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 3.216.032 |
Eur |
|
Subscribed Capital |
: 3.216.032 |
Eur |
|
Paid up Capital |
: 3.216.032 |
Eur |
MEMBERS
|
Leggio |
Carmelo |
|
Born in Ragusa |
(RG) |
on 19/06/1960 |
- Fiscal Code : LGGCML60H19H163A |
|
Residence : |
Via |
Ferdinando Magellano |
, 44 |
- 35030 |
Selvazzano Dentro |
(PD) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
25/01/2008 |
|
|
|
Institor |
24/07/2006 |
|
|
No Protests registered.
|
Giannini |
Udino |
|
Born in Genova |
(GE) |
on 27/09/1949 |
- Fiscal Code : GNNDNU49P27D969A |
|
Residence : |
Via |
Orsini |
, 1 |
- 16100 |
Genova |
(GE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
24/01/2008 |
|
|
|
Assistant board Chairman |
24/01/2008 |
|
|
No Protests registered.
|
Suardi |
Marina Chiara |
|
Born in Milano |
(MI) |
on 07/11/1977 |
- Fiscal Code : SRDMNC77S47F205U |
|
Residence : |
Piazza |
Fontana |
, 6 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
25/01/2008 |
|
|
No Protests registered.
|
Tirelli |
Tommaso |
|
Born in Angera |
(VA) |
on 19/09/1976 |
- Fiscal Code : TRLTMS76P19A290X |
|
Residence : |
Piazza |
Fontana |
, 6 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
25/01/2008 |
|
|
No Protests registered.
|
Margarita |
Angela |
|
Born in Amatrice |
(RI) |
on 21/06/1964 |
- Fiscal Code : MRGNGL64H61A258E |
|
Residence : |
Via |
Cipriani |
, 455 |
- 02100 |
Rieti |
(RI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
24/07/2006 |
|
|
No Protests registered.
|
Dell'orto |
Alberto |
|
Born in Giussano |
(MB) |
on 30/03/1970 |
- Fiscal Code : DLLLRT70C30E063A |
|
Residence : |
Piazza |
Fontana |
, 6 |
- 20122 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
23/07/2007 |
|
|
No Protests registered.
|
Brunati |
Annunciata |
|
Born in Verano Brianza |
(MB) |
on 17/07/1950 |
- Fiscal Code : BRNNNC50L57L744W |
|
Residence : |
Piazza |
Fontana |
, 6 |
- 20122 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
23/07/2007 |
|
|
No Protests registered.
|
Battista |
Michele |
|
Born in Bari |
(BA) |
on 12/04/1950 |
- Fiscal Code : BTTMHL50D12A662V |
|
Residence : |
Piazza |
Fontana |
, 6 |
- 20122 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
23/07/2007 |
|
|
No Protests registered.
|
Capoccia |
Daniele |
|
Born in Milano |
(MI) |
on 12/05/1972 |
- Fiscal Code : CPCDNL72E12F205M |
|
Residence : |
Piazza |
Fontana |
, 6 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
25/01/2008 |
|
|
No Protests registered.
|
Olli Matti |
Saksi |
|
Born in Laitila |
on 05/01/1967 |
- Fiscal Code : LLMSKS67A05Z109X |
|
Residence : |
Rue Andethana |
, 81B |
Oberanven |
- LU - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
24/01/2008 |
|
|
No Protests registered.
|
Guinabert |
Daniel |
|
Born in Barsac |
on 28/04/1954 |
- Fiscal Code : GNBDNL54D28Z110E |
|
Residence : |
Cours Langlet |
, 6 |
Reims |
- FR - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
24/01/2008 |
|
|
|
Board Chairman |
24/01/2008 |
|
|
No Protests registered.
|
Boeehly |
Etienne Andre |
|
Born in Neuf-brisach |
on 10/02/1952 |
- Fiscal Code : BHLTNN52B10Z110D |
|
Residence : |
Via |
49 Rue Passe-demoiselles |
Reims |
- FR - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
24/01/2008 |
|
|
No Protests registered.
|
Thil |
Jean Louis Norbert |
|
Born in Thionville |
on 10/06/1960 |
- Fiscal Code : THLJLS60H10Z110N |
|
Residence : |
Via |
49 Rue Boubon Conde |
, 9/B |
Reims |
- FR - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
24/01/2008 |
|
|
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.
|
LEGGIO |
CARMELO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
FERROMETALLI - SAFEM S.P.A. |
Milano (MI) - IT - |
00223830167 |
Procurator |
- |
Ceased |
|
GIANNINI |
UDINO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
LA MAGONA D'ITALIA-S.P.A. |
Firenze (FI) - IT - |
00395130487 |
Procurator |
- |
Ceased |
|
SUARDI |
MARINA CHIARA |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
ARCELORMITTAL PIOMBINO S.P.A. |
Firenze (FI) - IT - |
12499510159 |
Procurator |
Active |
Registered |
|
TIRELLI |
TOMMASO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
ARCELORMITTAL PIOMBINO S.P.A. |
Firenze (FI) - IT - |
12499510159 |
Procurator |
Active |
Registered |
|
GUINABERT |
DANIEL |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
FERROMETALLI - SAFEM COMMERCIALE S.P.A. |
Milano (MI) - IT - |
06093120159 |
Director |
- |
Ceased |
|
FERROMETALLI - SAFEM COMMERCIALE S.P.A. |
Milano (MI) - IT - |
06093120159 |
Board Chairman |
- |
Ceased |
|
FERROMETALLI - SAFEM S.P.A. |
Milano (MI) - IT - |
00223830167 |
Director |
- |
Ceased |
|
FERROMETALLI - SAFEM S.P.A. |
Milano (MI) - IT - |
00223830167 |
Board Chairman |
- |
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 |
|
Borgato Fabio |
|
BRGFBA49S16G224B |
117 .Eur |
|
|
Anghileri Eufrasio |
Lecco - IT - |
NGHFRS54C25E507P |
196 .Eur |
|
|
Anghileri Antonio |
Lecco - IT - |
NGHNTN59A31E507N |
196 .Eur |
|
|
Mazzariol Maria Francesca |
|
MZZMFR48A50A794L |
560 .Eur |
0,01 |
|
Ippolito Roberto |
Seravezza - IT - |
PPLRRT42B26I622U |
420 .Eur |
0,01 |
|
Pini Elios |
Lierna - IT - |
PNILSE26R24E581N |
140 .Eur |
|
|
Sodif S.r.l. |
Acqui Terme - IT - |
01570060069 |
2.183.710 .Eur |
67,90 |
|
Fabris Carlo |
|
FBRCRL46H23E125Z |
41 .Eur |
|
|
Arcelormittal Piombino S.p.a. |
Firenze - IT - |
12499510159 |
1.000.000 .Eur |
31,09 |
|
Reale Alberto |
Milano - IT - |
RLELRT30T17F205Y |
2 .Eur |
|
|
Fratta Roberto |
|
FRTRRT44P04L474T |
168 .Eur |
|
|
Zanasi Gianni |
Sassuolo - IT - |
ZNSGNN50B24D711C |
140 .Eur |
|
|
Arcelormittal Ssc Italia S.r.l. |
Milano - IT - |
05076940963 |
24.471 .Eur |
0,76 |
|
Micucci Cecchi Franco |
|
MCCFNC26D04E703D |
2 .Eur |
|
|
Bravi Francesca |
|
BRVFNC22P51G856K |
287 .Eur |
|
|
Breccia Giuseppina |
|
BRCGPP46S57H501L |
2 .Eur |
|
|
Bregoli Aldo |
|
BRGLDA59T15B157T |
280 .Eur |
|
|
Capelli Cesare |
|
CPLCSR38A07A794T |
582 .Eur |
0,01 |
|
Catena Patrizio |
|
CTNPRZ60P20B352B |
140 .Eur |
|
|
Colombo Daniela |
|
CLMDNL52M61E514E |
28 .Eur |
|
|
Corti Donatella |
|
CRTDTL66B64E507E |
140 .Eur |
|
|
Corti Franco |
|
CRTFNC40L18A586C |
70 .Eur |
|
|
Dell Acqua Adriana |
|
DLLDRN12S51C537W |
112 .Eur |
|
|
Fedelli Giuseppina |
|
FDLGPP46E62E514C |
28 .Eur |
|
|
Fuzier Roberto |
|
FZRRRT36R05A794D |
350 .Eur |
0,01 |
|
Gamba Benvenuto |
|
GMBBVN43E25A794S |
16 .Eur |
|
|
Limana Fiorello |
|
LMNFLL41L01H357C |
140 .Eur |
|
|
Manzoni Carlo Arnolfo Maria |
|
MNZCLR44R12E507I |
|
|
|
Nanni Piero |
|
NNNPRI76S06F205B |
140 .Eur |
|
|
Pastore Giuseppe |
|
PSTGPP43T18B019Z |
84 .Eur |
|
|
Pezzetti Silvano |
|
PZZSVN42L29D406B |
11 .Eur |
|
|
Piccioli Piergiorgio |
|
PCCPGR46P15F532L |
56 .Eur |
|
|
Re Antonio |
|
REXNTN21C12E504Q |
420 .Eur |
0,01 |
|
Salsi Paolo |
|
SLSPLA43E31H122O |
112 .Eur |
|
|
Taino Giuseppe |
|
TNAGPP17L14A794E |
34 .Eur |
|
|
Valentini Sergio |
|
VLNSRG53S09A944A |
140 .Eur |
|
|
Zoppellaro Roberto |
|
ZPPRRT59S03G693H |
140 .Eur |
|
|
Meroni Luigi |
|
MRNLGU47P11F205O |
561 .Eur |
0,01 |
|
Piano Mario |
|
PNIMRA37S26H392W |
140 .Eur |
|
|
Fumagalli Dino |
Brembate di Sopra - IT - |
FMGDNI58B20A794A |
51 .Eur |
|
|
AZZONI MANFREDO |
Bergamo - IT - |
ZZNMFR23D28A794Z |
12 .Eur |
|
|
BERZI PAOLO |
Bergamo - IT - |
BRZPLA42P12A794K |
1.428 .Eur |
0,04 |
|
AZZONI LAURA |
Bergamo - IT - |
ZZNLRA59M60A794N |
3 .Eur |
|
|
PARIS PAOLO |
Bergamo - IT - |
PRSPLA87C17A246U |
1 .Eur |
|
|
PARIS SILVIA |
Bergamo - IT - |
PRSSLV82B60A246X |
1 .Eur |
|
|
Bellavita Luigi |
Milano - IT - |
BLLLGU37M06F205B |
25 .Eur |
|
|
CAMERONI LUIGI |
|
CMRLGU25H26D198Q |
42 .Eur |
|
|
CASTELLI FRANCA |
|
CSTFNC39A44C300A |
140 .Eur |
|
|
Reddi Germano |
Castelletto Sopra Ticino - IT - |
RDDGMN61A22F952L |
140 .Eur |
|
|
MANZONI PAOLO |
TRIUGGIO - IT - |
MNZPLA46M25E507Z |
|
|
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
Arcelormittal Ssc Italia S.r.l. |
Milano - IT - |
05076940963 |
24.471 .Eur |
0,76 |
Active |
STRUCTURE AND COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Registered office |
in : |
|
|
|
|
|
Piazza |
Fontana |
, 6 |
- 20100 - |
Milano |
(MI) |
- IT - |
|
- |
Branch |
(Factory ) |
since 09/02/2006 |
in : |
|
|
|
|
|
Viale |
Sicilia |
, 97 |
- 20052 - |
Monza |
(MB) |
- IT - |
|
- |
Branch |
(Factory ) |
since 01/07/2006 |
in : |
|
|
|
|
|
Via |
A.volta |
- 33058 - |
San Giorgio di Nogaro |
(UD) |
- IT - |
|
- |
Branch |
(Factory ) |
since 01/07/2006 |
in : |
|
|
|
|
|
Via |
Maestri Del Lavoro |
, 19/21 |
- 02100 - |
Rieti |
(RI) |
- IT - |
|
- |
Branch |
(Factory ) |
since 01/08/2007 |
in : |
|
|
|
|
|
Via |
Delle Industrie |
, 71 |
- 30020 - |
Marcon |
(VE) |
- IT - |
|
- |
Branch |
(office ) |
since 24/01/2008 |
in : |
|
|
|
|
|
Via |
San Clemente |
, 1 |
- 20122 - |
Milano |
(MI) |
- IT - |
|
|
|
|
Employees |
: 100 |
|
|
|
|
Fittings and Equipment |
for a value of
840.000 |
Eur |
|
|
|
|
Stocks |
for a value of
10.410.000 |
Eur |
HISTORICAL INFORMATION AND/OR
FIRM'S STATUS
|
Ex-Members /
Ex-Positions |
|
Mearini |
Marco |
|
Born in BUSTO ARSIZIO |
on 17/04/1967 |
- Fiscal Code : MRNMRC67D17B300D |
|
Residence : |
Via |
Terni |
, 14 |
- 20010 |
Milano |
(MI) |
- IT - |
|
Position |
|
Procurator |
|
Institor |
|
The firm absorbed by merging of |
|
Ferrometalli - Safem S.p.a. |
|
Piazza |
Fontana |
, 6 |
, 20122 |
, Milano |
(MI) |
- IT - |
|
Fiscal Code: 00223830167 |
|
Date |
: |
23/07/2007 |
|
Project of merging by taking over of |
|
Ferrometalli - Safem S.p.a. |
|
Piazza |
Fontana |
, 6 |
, 20122 |
, Milano |
(MI) |
- IT - |
|
Fiscal Code: 00223830167 |
|
Date |
Merging/Splitting-up Project : |
21/03/2007 |
PAYMENTS ANALYSIS
The average term of debts to suppliers is high 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 |
3.770.001 .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 has been recently established.
In 2006 the firm achieved a profit with a r.o.e. del 27,42%.
The operating result was positive (6,27%). falling within the field's
average.
The financial position is not well balanced as the volume of debts is
fairly remarkable if compared to shareholder's equity, in fact total debts are
6,98
The financial exposure is moderate, on the other hand the recourse to
commercial credit is high, with a high average payment period and higher than
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 |
57.842.710 |
filed balance sheet |
|
Profit (Loss) for the period |
1.889.298 |
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 |
|
Year |
|
|
|
2006 |
|
|
BALANCE SHEET
ACCOUNTS |
|
|
|
|
. |
|
|
|
|
|
ASSETS |
|
|
|
|
|
CREDITS TO SHAREHOLDERS |
|
|
|
|
|
FIXED ASSETS ( NET ) |
|
|
|
4.710.066 |
|
. Intangible assets |
|
|
|
1.500 |
|
. Tangible fixed assets |
|
|
|
4.707.222 |
|
. . Land and buildings |
|
|
|
3.770.001 |
|
. . Plants, Equipm.and Machinery |
|
|
|
837.169 |
|
. Long-term Investments |
|
|
|
1.344 |
|
. . Financial loans |
|
|
|
1.344 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
|
52.034.696 |
|
. Stock |
|
|
|
18.642.139 |
|
. Credits |
|
|
|
33.388.701 |
|
. . Credits to clients |
|
|
|
31.213.479 |
|
. . Other credits |
|
|
|
2.175.222 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
|
3.856 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
|
19.122 |
|
TOTAL ASSETS |
|
|
|
56.763.884 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
|
6.889.298 |
|
. Company's capital |
|
|
|
1.000.000 |
|
. Reserves |
|
|
|
4.000.000 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
|
1.889.298 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
|
768.241 |
|
SEVERANCE INDEMNITY FUND |
|
|
|
965.783 |
|
DEBTS |
|
|
|
48.139.171 |
|
. Financial M/L terms |
|
|
|
|
|
. . Financial M/L term banks |
|
|
|
|
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
|
|
|
. . Financial short-term banks |
|
|
|
|
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
|
|
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
|
46.934.897 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
|
1.204.274 |
|
ACCRUED EXPENSE |
|
|
|
1.391 |
|
TOTAL LIABILITIES |
|
|
|
56.763.884 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
|
60.445.428 |
|
. Revenues from sales/services |
|
|
|
57.842.710 |
|
. Change of stock (products) |
|
|
|
2.454.088 |
|
OPERATING EXPENSES |
|
|
|
56.883.202 |
|
. Purchasing expenses |
|
|
|
53.093.699 |
|
. Change of stock (raw material) |
|
|
|
-1.914.096 |
|
. Expenses from services |
|
|
|
2.678.569 |
|
. Expenses from leasing |
|
|
|
163.774 |
|
. General expenses/sundry charges |
|
|
|
65.363 |
|
. Staff expenses |
|
|
|
2.362.152 |
|
. Depreciation/Devaluation costs |
|
|
|
433.741 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
|
-306.353 |
|
. Financial charges |
|
|
|
-306.388 |
|
. Financial revenues |
|
|
|
35 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
|
|
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
|
3.255.873 |
|
TAX |
|
|
|
1.366.575 |
|
CORRECT./ALLOCAT.FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
|
1.889.298 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2006 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
1,66 |
1,46 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
6,98 |
2,50 |
|
Current ratio |
Units |
=> 1 |
l |
1,08 |
1,19 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
0,69 |
0,87 |
|
Return on Sales |
% |
|
l |
4,01 |
3,94 |
|
Average stock waiting period |
dd |
|
l |
115,99 |
49,82 |
|
Credits to clients average term |
dd |
|
l |
194,25 |
121,53 |
|
Debts to suppliers average term |
dd |
|
l |
302,04 |
125,63 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 0,52 |
- 0,88 |
|
Labour cost incidence |
% |
|
l |
4,08 |
11,44 |
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:
63.000 .Eur.
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 438 significant companies.
The companies cash their credits on an average of 121 dd.
The average duration of suppliers debts is about 125 dd.
The sector's profitability is on an average of 3,94%.
The labour cost affects the turnover in the measure of 11,44%.
Goods are held in stock in a range of 49 dd.
The difference between the sales volume and the resources used to
realize it is about 1,24.
The employees costs represent the 11,94% 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. |
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%)