MIRA
INFORM REPORT
|
Report Date : |
20.03.2008 |
IDENTIFICATION
DETAILS
|
Name : |
COSTRUZIONI
ELETTRONICHE INDUSTRIALI AUTOMATISMI S.P.A. |
|
|
|
|
Registered Office : |
Via
Strada
Provinciale Pescaiola, 54/G-56
Viciomaggio 52040 - Civitella in Val di Chiana (AR) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
02.10.1978 |
|
|
|
|
Com. Reg. No.: |
AR002-4005 |
|
|
|
|
Legal Form : |
Joint Stock Company With Sole Shareholder |
|
|
|
|
Line of Business : |
Manufacturing of Equipment for Distribution and Control of Electric
Power. |
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 1.062.400 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
Costruzioni Elettroniche Industriali Automatismi S.p.a.
Via
Strada
Provinciale Pescaiola, 54/G-56
Viciomaggio
52040 -
Civitella in Val di Chiana (AR) -IT-
SUMMARY
|
Fiscal Code |
: |
00308150515 |
|
Legal Form |
: |
Joint Stock company
with sole shareholder |
|
Start of Activities |
: |
02/10/1978 |
|
Patrimonial Consistence |
: |
Over 2.500.000 Eur |
|
Turnover Range |
: |
35.000.000/50.000.000
Eur |
|
Number of Employees |
: |
from 176 to 200 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
1.062.400 - Eur |
|
Score |
: |
Risk low |
|
Creditworthness Rate |
: |
Excellent |
|
|
|
Financial/patrimonial analysis very good - Credit with very low risk |
ACTIVITY
Manufacturing of equipment for distribution and control of electric
power.
Manufacture of electric tools.
LEGAL DATA
Legal Form
: Joint Stock company with sole shareholder
|
Fiscal Code
: 00308150515 |
|
Foreign Trade Reg. no. :
AR000546 since 05/12/1991 |
|
Foreign Trade Reg. no. :
50627 of Arezzo since 10/12/1978 |
|
Chamber of Commerce no. :
69287 of Arezzo since 20/11/1978 |
|
Chamber of Commerce no. :
237986 of Vicenza |
|
Firms' Register : AR002-4005 since
19/02/1996 |
|
V.A.T. Code
: 00308150515 |
|
Court : 4005 of Arezzo since
13/11/1978 |
|
Foundation Date |
: 02/10/1978 |
|
|
Establishment Date |
: 02/10/1978 |
|
|
Start of Activities |
: 02/10/1978 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 30.000.000 |
Eur |
|
Subscribed Capital |
: 30.000.000 |
Eur |
|
Paid up Capital |
: 30.000.000 |
Eur |
MEMBERS
|
Manneschi |
Luca |
|
Born in Arezzo |
(AR) |
on 02/04/1970 |
- Fiscal Code : MNNLCU70D02A390D |
|
Residence : |
Via |
Xxv Aprile |
, 48 |
- 52100 |
Arezzo |
(AR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
01/01/2007 |
|
|
|
Managing Director |
08/01/2007 |
|
|
No Protests registered.
|
Manneschi |
Marco |
|
Born in Arezzo |
(AR) |
on 07/05/1963 |
- Fiscal Code : MNNMRC63E07A390E |
|
Residence : |
Via |
Xxv Aprile |
, 23 |
- 52100 |
Arezzo |
(AR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
01/01/2007 |
|
|
|
Managing Director |
08/01/2007 |
|
|
No Protests registered.
|
Benedetti |
Rosanna |
|
Born in Arezzo |
(AR) |
on 26/08/1935 |
- Fiscal Code : BNDRNN35M66A390I |
|
Residence : |
Via |
Xxv Aprile |
, 17 |
- 52100 |
Arezzo |
(AR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney General |
10/09/1981 |
|
|
|
Attorney with special power |
03/03/1999 |
|
|
No Protests registered.
|
Manneschi |
Giovanni |
|
Born in Loro Ciuffenna |
(AR) |
on 30/05/1931 |
- Fiscal Code : MNNGNN31E30E693Q |
|
Fiscal residence : |
Via |
BEATO ANGELICO |
, 35 |
- 52100 |
Arezzo |
(AR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney General |
24/10/1985 |
|
|
|
Attorney with special power |
02/12/1997 |
|
|
|
Board Chairman |
01/01/2007 |
|
|
No Protests registered.
|
Manneschi |
Alessandro |
|
Born in Arezzo |
(AR) |
on 15/08/1958 |
- Fiscal Code : MNNLSN58M15A390B |
|
Residence : |
Via |
Xxv Aprile |
, 15 |
- 52100 |
Arezzo |
(AR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
01/01/2007 |
|
|
|
General Manager |
14/02/2005 |
|
|
|
Institor |
02/03/2005 |
|
|
|
Managing Director |
08/01/2007 |
|
|
No Protests registered.
|
Manneschi |
Anna |
|
Born in Arezzo |
(AR) |
on 02/04/1970 |
- Fiscal Code : MNNNNA70D42A390E |
|
Residence : |
Via |
Xxv Aprile |
, 21/B |
- 52100 |
Arezzo |
(AR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
01/01/2007 |
|
|
|
Managing Director |
08/01/2007 |
|
|
No Protests registered.
|
Ceia Di Manneschi Giovanni E Benedetti R |
osanna S.a.p.a. |
|
- Fiscal Code : 00865790513 |
|
Residence : |
Strada |
Provinciale Di Pescaiola |
, 54/G-56 |
- 52040 |
Civitella in Val di Chiana |
(AR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
|
|
|
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.
|
MANNESCHI |
LUCA |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
CEIA DI MANNESCHI GIOVANNI E BENEDETTI ROSANNA S.A.P.A. |
Civitella in Val di Chiana (AR) - IT - |
00865790513 |
Limited Partner |
Active |
Registered |
|
MANNESCHI |
MARCO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
CEIA DI MANNESCHI GIOVANNI E BENEDETTI ROSANNA S.A.P.A. |
Civitella in Val di Chiana (AR) - IT - |
00865790513 |
Limited Partner |
Active |
Registered |
|
BENEDETTI |
ROSANNA |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
CEIA DI MANNESCHI GIOVANNI E BENEDETTI ROSANNA S.A.P.A. |
Civitella in Val di Chiana (AR) - IT - |
00865790513 |
General Partner |
Active |
Registered |
|
MANNESCHI |
GIOVANNI |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
CEIA DI MANNESCHI GIOVANNI E BENEDETTI ROSANNA S.A.P.A. |
Civitella in Val di Chiana (AR) - IT - |
00865790513 |
General Partner |
Active |
Registered |
|
CEIA DI MANNESCHI PER.IND. GIOVANNI |
Arezzo (AR) - IT - |
MNNGNN31E30E693Q |
Proprietor |
- |
Ceased |
|
MANNESCHI |
ALESSANDRO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
CEIA DI MANNESCHI GIOVANNI E BENEDETTI ROSANNA S.A.P.A. |
Civitella in Val di Chiana (AR) - IT - |
00865790513 |
Limited Partner |
Active |
Registered |
|
MANNESCHI |
ANNA |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
CEIA DI MANNESCHI GIOVANNI E BENEDETTI ROSANNA S.A.P.A. |
Civitella in Val di Chiana (AR) - IT - |
00865790513 |
Limited Partner |
Active |
Registered |
|
CEIA DI MANNESCHI GIOVANNI E BENEDETTI ROSANNA S.A.P.A. |
Civitella in Val di Chiana (AR) - IT - |
00865790513 |
Institor |
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 |
|
Ceia Di Manneschi Giovanni E Benedetti Rosanna S.a.p.a. |
Civitella in Val di Chiana - IT - |
00865790513 |
|
100,00 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
Solaria Costruzioni S.R.L. |
Arezzo - IT - |
01500300510 |
98.126 .Eur |
100,00 |
Active |
|
AREZZO ENERGIA |
Civitella in Val di Chiana - IT - |
01657940514 |
|
|
Active |
STRUCTURE AND COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
since 07/01/1985 |
in : |
|
|
|
|
|
Via |
Strada Provinciale Pescaiola |
, 54/G-56 Loc. Viciomaggio |
- 52040 - |
Civitella in Val di Chiana |
(AR) |
- IT - |
|
|
|
|
PHONE |
: 0575/4181 |
|
- |
Branch |
(Factory ) |
since 30/03/1994 |
in : |
|
|
|
|
|
Strada Provinciale |
Di Pescaiola |
, 56 Loc. VICIOMAGGIO |
- 52040 - |
Civitella in Val di Chiana |
(AR) |
- IT - |
|
|
|
|
|
Trading Style: CEIA SPA - SEZIONE MECCANICA |
|
|
|
|
PHONE |
: 0575/4181 |
|
- |
Branch |
(Workshop ) |
since 01/04/1996 |
in : |
|
|
|
|
|
Via |
Roma |
, 193 |
- 36060 - |
Schiavon |
(VI) |
- IT - |
|
|
|
|
PHONE |
: 0444/665814 |
|
|
|
|
FAX |
: 0444/665817 |
|
- |
Branch |
(Factory ) |
since 01/07/2000 |
in : |
|
|
|
|
|
Strada Provinciale |
Di Pescaiola |
, 52-52/A |
- 52040 - |
Civitella in Val di Chiana |
(AR) |
- IT - |
|
|
|
|
Employees |
: 191 |
|
|
|
|
Fittings and Equipment |
for a value of
3.599.704 |
Eur |
|
|
|
|
Stocks |
for a value of
11.251.013 |
Eur |
|
|
The firm operates abroad as importer / exporter. .
To purchase foreign products the firm uses the following channels :
|
- direct orders to foreign companies |
Export represents up to 20% of the global turnover.
Products abroad are placed by :
|
- its own agents |
|
- direct orders from foreign companies |
Export is mainly towards:
|
- Austria |
|
- Belgio |
|
- Irlanda |
HISTORICAL INFORMATION AND/OR
FIRM'S STATUS
|
Ex-Members /
Ex-Positions |
|
Manneschi |
Luca |
|
Born in Arezzo |
on 02/04/1970 |
- Fiscal Code : MNNLCU70D02A390D |
|
Residence : |
Via |
Xxv Aprile |
, 48 |
- 52100 |
Arezzo |
(AR) |
- IT - |
|
Position |
|
Sole Director |
|
Manneschi |
Marco |
|
Born in Arezzo |
on 07/05/1963 |
- Fiscal Code : MNNMRC63E07A390E |
|
Residence : |
Via |
Xxv Aprile |
, 23 |
- 52100 |
Arezzo |
(AR) |
- IT - |
|
Position |
|
Sole Director |
|
Badiali |
Marco |
|
Born in Arezzo |
on 12/05/1968 |
- Fiscal Code : BDLMRC68E12A390G |
|
Residence : |
Via |
Della Magnanina, 2/g |
, 10 |
- 52100 |
Arezzo |
(AR) |
- IT - |
|
Position |
|
Permanent Auditor |
|
Francioli |
Giancarlo |
|
Born in Monte San Savino |
on 27/01/1941 |
- Fiscal Code : FRNGCR41A27F628T |
|
Residence : |
Via |
Verdi |
, 22 |
- 52100 |
Arezzo |
(AR) |
- IT - |
|
Position |
|
Supervisory Board Chairman |
|
Manneschi |
Giovanni |
|
Born in Loro Ciuffenna |
on 30/05/1931 |
- Fiscal Code : MNNGNN31E30E693Q |
|
Fiscal residence : |
Via |
BEATO ANGELICO |
, 35 |
- 52100 |
Arezzo |
(AR) |
- IT - |
|
Position |
|
Sole Director |
|
The firm absorbed by merging of |
|
F.I.L S.R.L. |
|
Fiscal Code: 00151200516 |
|
Date |
: |
19/11/2001 |
|
Project of merging by taking over of |
|
F.I.L S.R.L. |
|
Fiscal Code: 00151200516 |
|
Date |
Merging/Splitting-up Project : |
09/04/2001 |
|
The firm absorbed by merging of |
|
Solaria Costruzioni S.R.L. |
|
Via |
MADONNA DEL PRATO |
, 119 |
, 52100 |
, Arezzo |
(AR) |
- IT - |
|
Fiscal Code: 01500300510 |
|
Date |
: |
15/03/2001 |
|
Project of merging by taking over of |
|
Solaria Costruzioni S.R.L. |
|
Via |
MADONNA DEL PRATO |
, 119 |
, 52100 |
, Arezzo |
(AR) |
- IT - |
|
Fiscal Code: 01500300510 |
|
Date |
Merging/Splitting-up Project : |
09/10/2000 |
PAYMENTS ANALYSIS
The average term of debts to suplliers is normal compared with that
of the sector.
PAYMENTS SCORE : ZZZZZ - 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.
BANKERS
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
Banca Toscana |
|
|
|
|
|
|
|
Banca Nazionale Lavoro |
|
|
|
|
|
|
|
Credito Italiano |
|
|
|
|
|
|
IMMOVABLES *
*No specific (mortgage/cadastrial registrations) inspections have been
requested.
|
Immovable Type |
Value |
|
Real estates |
8.522.523 .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 1978
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 15,02% in 2006 and with an upward trend in turnover
trend during the last financial year (+20,96% in 2006).
The operating result in 2006 was positive (17,76%) and in line with the
sector's average.
Excellent equity structure since liquidity is higher than short term
liabilities.
Moderate recourse to bank credit while the exposure towards suppliers is
rather high even if it still falls within the sector's average.
The 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 |
45.002.967 |
filed balance sheet |
|
Profit (Loss) for the period |
9.003.511 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
37.203.295 |
filed balance sheet |
|
Profit (Loss) for the period |
6.397.004 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
39.494.345 |
filed balance sheet |
|
Profit (Loss) for the period |
5.483.252 |
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 ) |
|
|
22.540.406 |
20.158.412 |
|
. Intangible assets |
|
|
120.594 |
160.792 |
|
. Tangible fixed assets |
|
|
16.399.639 |
14.357.047 |
|
. . Land and buildings |
|
|
8.522.523 |
8.610.558 |
|
. . Plants, Equipm.and Machinery |
|
|
5.478.099 |
5.603.729 |
|
. Long-term Investments |
|
|
6.020.173 |
5.640.573 |
|
. . Financial loans |
|
|
605.073 |
605.073 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
55.549.710 |
46.800.988 |
|
. Stock |
|
|
8.790.314 |
8.593.397 |
|
. Credits |
|
|
17.300.724 |
13.975.963 |
|
. . Credits to clients |
|
|
11.741.706 |
9.965.177 |
|
. . Other credits |
|
|
5.559.018 |
4.010.786 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
29.458.672 |
24.231.628 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
231.099 |
242.371 |
|
TOTAL ASSETS |
|
|
78.321.215 |
67.201.771 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
59.927.121 |
51.823.609 |
|
. Company's capital |
|
|
30.000.000 |
3.000.000 |
|
. Reserves |
|
|
20.923.610 |
42.426.605 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
9.003.511 |
6.397.004 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
1.091.163 |
1.080.795 |
|
SEVERANCE INDEMNITY FUND |
|
|
3.537.604 |
3.477.157 |
|
DEBTS |
|
|
13.765.327 |
10.820.210 |
|
. 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 |
|
|
6.360.432 |
4.786.057 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
7.404.895 |
6.034.153 |
|
ACCRUED EXPENSE |
|
|
|
|
|
TOTAL LIABILITIES |
|
|
78.321.215 |
67.201.771 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
44.913.424 |
37.557.472 |
|
. Revenues from sales/services |
|
|
45.002.967 |
37.203.295 |
|
. Change of stock (products) |
|
|
-89.543 |
352.384 |
|
OPERATING EXPENSES |
|
|
31.002.292 |
28.483.514 |
|
. Purchasing expenses |
|
|
10.142.190 |
9.425.571 |
|
. Change of stock (raw material) |
|
|
-270.984 |
-106.893 |
|
. Expenses from services |
|
|
6.507.573 |
5.556.983 |
|
. Expenses from leasing |
|
|
2.181 |
|
|
. General expenses/sundry charges |
|
|
426.602 |
398.369 |
|
. Staff expenses |
|
|
11.795.573 |
10.718.601 |
|
. Depreciation/Devaluation costs |
|
|
2.399.157 |
2.490.883 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-668.001 |
1.630.257 |
|
. Financial charges |
|
|
-2.107.616 |
772.085 |
|
. Financial revenues |
|
|
1.439.615 |
858.172 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
1.132.675 |
-10.701 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
14.375.806 |
10.693.514 |
|
TAX |
|
|
5.372.295 |
4.296.510 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
9.003.511 |
6.397.004 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2006 |
as at 31/12/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
2,81 |
2,74 |
2,09 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
n.c. |
n.c. |
3,35 |
|
Current ratio |
Units |
=> 1 |
l |
4,03 |
4,32 |
1,27 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
3,39 |
3,53 |
0,97 |
|
Return on Sales |
% |
|
l |
25,33 |
23,89 |
3,50 |
|
Average stock waiting period |
dd |
|
l |
70,30 |
83,12 |
51,58 |
|
Credits to clients average term |
dd |
|
l |
93,92 |
96,40 |
139,62 |
|
Debts to suppliers average term |
dd |
|
l |
137,48 |
114,98 |
152,97 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 1,48 |
4,38 |
- 0,91 |
|
Labour cost incidence |
% |
|
l |
26,21 |
28,81 |
20,56 |
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:
1.062.400 .Eur.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
333.385 |
|
Population living in the region |
: |
3.598.269 |
|
Number of families in the region |
: |
1.474.681 |
Monthly family expences average in the region (in Eur.) :
|
- per food products |
: |
444 |
|
- per non food products |
: |
2.009 |
|
- per energy consume |
: |
122 |
SECTOR DATA
The values are calculated on a base of 1.029 significant companies.
The companies cash their credits on an average of 139 dd.
The average duration of suppliers debts is about 152 dd.
The sector's profitability is on an average of 3,50%.
The labour cost affects the turnover in the measure of 20,56%.
Goods are held in stock in a range of 51 dd.
The difference between the sales volume and the resources used to
realize it is about 1,19.
The employees costs represent the 21,33% 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 24.960 protested subjects are found; in the province they
count to 2.227.
The insolvency index for the region is 0,70, while for the province it
is 0,67.
Total Bankrupt companies in the province : 1.151.
Total Bankrupt companies in the region : 20.423.
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%)