MIRA
INFORM REPORT
|
Report Date : |
02.05.2008 |
IDENTIFICATION
DETAILS
|
Name : |
POMPE GARBARINO SOCIETA' PER AZIONI |
|
|
|
|
Registered Office : |
Via Marenco,44 15011- Acqui Terme (AL) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
01.01.1975 |
|
|
|
|
Com. Reg. No.: |
AL001-838 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing of Ventilation and Refrigerating systems not for House
Hold Use. |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
EUR 549.000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
Pompe Garbarino Societa' Per Azioni
Via Marenco, 44
15011 - Acqui Terme (AL) -IT-
SUMMARY
|
Fiscal Code |
: |
00321690067 |
|
Legal Form |
: |
Joint stock company |
|
Start of Activities |
: |
01/01/1975 |
|
Patrimonial Consistence |
: |
Over 2.500.000 Eur |
|
Turnover Range |
: |
15.500.000/18.000.000 Eur |
|
Number of Employees |
: |
from 71 to 90 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
549.000 - Eur |
|
Score |
: |
Risk normal |
|
Creditworthness Rate |
: |
78%Good |
|
|
|
Under the financial aspect a certain balance is reported which leads |
|
|
|
to a credit with a very limited risk. |
ACTIVITY
Manufacturing of ventilation and refrigerating systems not for house
hold use.
Manufacture of pumps and compressors ( spare parts, installation,
maintenance and repairing ).
LEGAL DATA
Legal Form
: Joint stock company
|
Register of Handcraft firms :
32764 of Alessandria |
|
Fiscal Code
: 00321690067 |
|
Municipal Licence : 134/B since 29/10/1986 |
|
Municipal Licence
: 134/B since 29/10/1986 |
|
Municipal Licence
: 134-B of Alessandria |
|
Foreign Trade Reg. no. :
AL008461 since 15/01/1992 |
|
Foreign Trade Reg. no. :
8461 of Alessandria since 15/01/1992 |
|
Foreign Trade Reg. no. :
008461 of Alessandria since 15/01/1992 |
|
Chamber of Commerce no. :
115170 of Alessandria since 15/02/1975 |
|
Chamber of Commerce no. :
1441533 of Milano |
|
Firms' Register
: AL001-838 since 19/02/1996 |
|
V.A.T. Code
: 00321690067 |
|
R. E. C. no.
: 23085 of Alessandria since 29/10/1986 |
|
R. E. C. no.
: 0023085 of Alessandria since 29/10/1986 |
|
Court : 838 of
Acqui Terme |
|
Foundation Date |
: 18/12/1974 |
|
|
Establishment Date |
: 18/12/1974 |
|
|
Start of Activities |
: 01/01/1975 |
|
|
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
|
Garbarino |
Carlo |
|
Born in Acqui Terme |
(AL) |
on 02/01/1945 |
- Fiscal Code : GRBCRL45A02A052G |
|
Residence : |
Regione |
Groppo |
, 11 |
- 15011 |
Acqui Terme |
(AL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
19/03/2008 |
|
|
|
Board Chairman |
19/03/2008 |
|
|
No Protests registered.
|
Garbarino |
Paolo |
|
Born in Acqui Terme |
(AL) |
on 11/10/1973 |
- Fiscal Code : GRBPLA73R11A052N |
|
Residence : |
Regione |
Groppo |
, 11 |
- 15011 |
Acqui Terme |
(AL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
19/03/2008 |
|
|
|
Director |
19/03/2008 |
|
|
No Protests registered.
|
Garbarino |
Danilo |
|
Born in Acqui Terme |
(AL) |
on 16/05/1976 |
- Fiscal Code : GRBDNL76E16A052V |
|
Residence : |
Regione |
Groppo |
, 11 |
- 15011 |
Acqui Terme |
(AL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
19/03/2008 |
|
|
|
Director |
19/03/2008 |
|
|
No Protests registered.
|
Parodi |
Franco Domenico |
|
Born in Acqui Terme |
(AL) |
on 29/02/1956 |
- Fiscal Code : PRDFNC56B29A052D |
|
Residence : |
Corso |
Cavour |
, 82 |
- 15011 |
Acqui Terme |
(AL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
19/03/2008 |
|
|
|
Procurator |
08/05/2000 |
|
|
|
General Manager |
19/03/2008 |
|
|
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.
|
GARBARINO |
CARLO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
CARLO GARBARINO E FIGLI S.R.L. |
Acqui Terme (AL) - IT - |
02197600063 |
Director |
Active |
Registered |
|
CARLO GARBARINO E FIGLI S.R.L. |
Acqui Terme (AL) - IT - |
02197600063 |
Board Chairman |
Active |
Registered |
|
RAPETTI GIUSEPPE E C.- S.R.L. |
Acqui Terme (AL) - IT - |
00149170060 |
Managing Director |
Dismiss |
Registered |
|
RAPETTI GIUSEPPE E C.- S.R.L. |
Acqui Terme (AL) - IT - |
00149170060 |
Director |
Active |
Registered |
|
RAPETTI GIUSEPPE E C.- S.R.L. |
Acqui Terme (AL) - IT - |
00149170060 |
Board Chairman |
Active |
Registered |
|
GARBARINO |
PAOLO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
CARLO GARBARINO E FIGLI S.R.L. |
Acqui Terme (AL) - IT - |
02197600063 |
Director |
Active |
Registered |
|
RAPETTI GIUSEPPE E C.- S.R.L. |
Acqui Terme (AL) - IT - |
00149170060 |
Managing Director |
Active |
Registered |
|
RAPETTI GIUSEPPE E C.- S.R.L. |
Acqui Terme (AL) - IT - |
00149170060 |
Director |
Active |
Registered |
|
GARBARINO |
DANILO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
CARLO GARBARINO E FIGLI S.R.L. |
Acqui Terme (AL) - IT - |
02197600063 |
Director |
Active |
Registered |
|
RAPETTI GIUSEPPE E C.- S.R.L. |
Acqui Terme (AL) - IT - |
00149170060 |
Managing Director |
Active |
Registered |
|
RAPETTI GIUSEPPE E C.- S.R.L. |
Acqui Terme (AL) - IT - |
00149170060 |
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 |
|
Garbarino Carlo |
Acqui Terme - IT - |
GRBCRL45A02A052G |
260.000 .Eur |
20,00 |
|
Robino E Galandrino S.p.a. |
Castellazzo Bormida - IT - |
02339680049 |
650.000 .Eur |
50,00 |
|
Garbarino Paolo |
Acqui Terme - IT - |
GRBPLA73R11A052N |
195.000 .Eur |
15,00 |
|
Garbarino Danilo |
Acqui Terme - IT - |
GRBDNL76E16A052V |
195.000 .Eur |
15,00 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
Fin.A - S.P.A. |
Acqui Terme - IT - |
01350160063 |
20.658 .Eur |
0,54 |
Ceased |
|
CIFIN SPA |
Genova - IT - |
09888640159 |
51.955 .Eur |
1,67 |
Active |
|
Rapetti Giuseppe E C.- S.r.l. |
Acqui Terme - IT - |
00149170060 |
51.129 .Eur |
100,00 |
Active |
STRUCTURE AND COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
(Factory ) |
since 18/12/1974 |
in : |
|
|
|
|
|
Via |
Marenco |
, 44 |
- 15011 - |
Acqui Terme |
(AL) |
- IT - |
|
|
|
|
|
Trading Style: Pompe Garbarino |
|
|
|
|
PHONE |
: 0144/388671 |
|
- |
Branch |
(office ) |
since 20/01/1994 |
in : |
|
|
|
|
|
Viale |
Doria |
, 31 |
- 20124 - |
Milano |
(MI) |
- IT - |
|
|
|
|
Employees |
: 75 |
|
|
|
|
Assistants |
: 2 |
|
|
|
|
Fittings and Equipment |
for a value of
1.309.500 |
Eur |
|
|
|
|
Stocks |
for a value of
6.537.000 |
Eur |
|
|
|
|
Furniture and fittings |
for a value of
15.493 |
Eur |
|
|
|
|
Vehicles |
for a value of
51.645 |
Eur |
Trade organization: direct or by agents.
Sales converge to North and Central Italy.
The company 's mainly customers are companies.
To purchase foreign products the firm uses the following channels :
|
- its own agents |
|
- consortium with other companies |
Export represents from 20% to 50% of the global turnover.
Products abroad are placed by :
|
- its own agents |
|
- consortium with other companies |
Import comes generally from the following nations:
|
- Ungheria |
|
- Polonia |
|
- Gran Bretagna |
Export is mainly towards:
|
- Francia |
|
- Grecia |
|
- Polonia |
|
- Austria |
|
- Belgio |
|
- Somalia |
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 |
23/12/1983 |
|
Company Style
modifications |
|
Former Style |
New Style |
Changement Date |
|
Fratelli Garbarino si Franco Mario e Car lo Garbarino EC Snc |
|
23/12/1983 |
|
Ex-Members /
Ex-Positions |
|
Guala |
Roberto |
|
Born in Alessandria |
on 19/09/1931 |
- Fiscal Code : GLURRT31P19A182C |
|
Residence : |
Via |
Profumati |
, 10 |
- 15030 |
Alessandria |
(AL) |
- IT - |
|
Position |
|
Director |
|
Garbarino |
Franco Mario |
|
Born in ACQUI TERME |
on 03/03/1936 |
- Fiscal Code : GRBFNC36C03A052R |
|
Residence : |
Via |
CARDINAL RAIMONDI |
, 23 |
- 15011 |
Acqui Terme |
(AL) |
- IT - |
|
Position |
|
Chairman |
|
Managing Director |
|
Director |
|
Managing Director |
|
Board Chairman |
|
Garbarino |
Carlo |
|
Born in Acqui Terme |
on 02/01/1945 |
- Fiscal Code : GRBCRL45A02A052G |
|
Residence : |
Regione |
Groppo |
, 11 |
- 15011 |
Acqui Terme |
(AL) |
- IT - |
|
Position |
|
Vice-Chairman |
|
Assistant board Chairman |
|
Managing Director |
|
Tacchella |
Andrea |
|
Born in Genova |
on 24/04/1949 |
- Fiscal Code : TCCNDR49D24D969P |
|
Residence : |
Via |
Dei Capuccini |
, 31 |
- 15011 |
Acqui Terme |
(AL) |
- IT - |
|
Position |
|
Managing Director |
|
Director |
|
Luiggi |
Luigi |
|
Born in Acqui Terme |
on 05/10/1931 |
- Fiscal Code : LGGLGU31R05A052H |
|
Residence : |
Via |
Della Liberta' |
, 5 |
- 15016 |
Cassine |
(AL) |
- IT - |
|
Position |
|
Director |
|
Garbarino |
Linda |
|
Born in ACQUI TERME |
on 01/08/1971 |
- Fiscal Code : GRBLND71M41A052N |
|
Residence : |
Via |
CARDINAL RAIMONDI |
, 23 |
- 15011 |
Acqui Terme |
(AL) |
- IT - |
|
Position |
|
Director |
|
Garbarino |
Paolo |
|
Born in Acqui Terme |
on 11/10/1973 |
- Fiscal Code : GRBPLA73R11A052N |
|
Residence : |
Regione |
Groppo |
, 11 |
- 15011 |
Acqui Terme |
(AL) |
- IT - |
|
Position |
|
Director |
|
Garbarino |
Danilo |
|
Born in Acqui Terme |
on 16/05/1976 |
- Fiscal Code : GRBDNL76E16A052V |
|
Residence : |
Regione |
Groppo |
, 11 |
- 15011 |
Acqui Terme |
(AL) |
- IT - |
|
Position |
|
Director |
|
Garbarino |
Laura |
|
Born in ACQUI TERME |
on 16/12/1974 |
- Fiscal Code : GRBLRA74T56A052N |
|
Residence : |
Via |
CARDINAL RAIMONDI |
, 23 |
- 15011 |
Acqui Terme |
(AL) |
- IT - |
|
Position |
|
Director |
|
Bialetti |
Cesare |
|
Born in MILANO |
on 18/03/1942 |
- Fiscal Code : BLTCSR42C18F205L |
|
Residence : |
Viale |
GRAN SASSO |
, 28 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Procurator |
|
GRIGNASCHI |
MARIO |
|
Born in ACQUI TERME |
on 26/02/1939 |
- Fiscal Code : GRGMRA39B26A052H |
|
Residence : |
Galleria |
MAZZINI |
, 8 |
- 15011 |
Acqui Terme |
(AL) |
- IT - |
|
Position |
|
Supervisory Board Chairman |
|
MALLARINO |
GIUSEPPE |
|
Born in ACQUI TERME |
on 25/02/1945 |
- Fiscal Code : MLLGPP45B25A052T |
|
Residence : |
Corso |
BAGNI |
, 108 |
- 15011 |
Acqui Terme |
(AL) |
- IT - |
|
Position |
|
Permanent Auditor |
|
Gallo |
Gianfranco |
|
Born in Cessole |
on 14/03/1944 |
- Fiscal Code : GLLGFR44C14C583U |
|
Residence : |
Via |
Madonnalta |
, 19 |
- 15011 |
Acqui Terme |
(AL) |
- IT - |
|
Position |
|
Temporary Auditor |
|
Former seats |
|
- |
Branch |
(Shop ) |
until 05/09/1989 |
|
|
|
|
|
Corso |
Cavour |
- 15011 |
- Acqui Terme |
(AL) |
- IT - |
|
- |
Branch |
(office ) |
since 30/06/1991 |
|
|
|
|
|
Flat 2 - 41 Lowndes |
- Londra |
- GB - |
|
- |
Branch |
(office ) |
since 12/01/1990 |
|
|
|
|
|
Rue Charlot |
- Parigi |
- FR - |
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 |
690.968 .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 1975
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 5,6% in 2006 thanks to a progressive increase in
turnover (+20,32% in 2006 compared to 2005 and +1,46% in 2005 compared to
2004).
The operating result was positive in the last financial year (5,61%)
falling within the field's average.
The analysis shows a fair financial position as the indebtedness volume
is acceptable (1,68) even though on the increase if compared to 2005.
The company does not exceed in bank credits; payments average period is
instead slightly high (140,4 gg.) however still within the sector's average.
It shows a good range of liquidity.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
17.569.489 |
filed balance sheet |
|
Profit (Loss) for the period |
314.536 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
14.601.634 |
filed balance sheet |
|
Profit (Loss) for the period |
203.635 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
14.390.407 |
filed balance sheet |
|
Profit (Loss) for the period |
12.561 |
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 ) |
|
|
2.787.281 |
2.334.864 |
|
. Intangible assets |
|
|
130.235 |
150.751 |
|
. Tangible fixed assets |
|
|
2.278.548 |
1.805.615 |
|
. . Land and buildings |
|
|
690.968 |
716.013 |
|
. . Plants, Equipm.and Machinery |
|
|
1.309.734 |
946.614 |
|
. Long-term Investments |
|
|
378.498 |
378.498 |
|
. . Financial loans |
|
|
51.581 |
51.581 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
15.627.253 |
11.039.121 |
|
. Stock |
|
|
6.537.194 |
4.816.785 |
|
. Credits |
|
|
7.902.714 |
4.964.216 |
|
. . Credits to clients |
|
|
7.390.807 |
4.644.187 |
|
. . Other credits |
|
|
511.907 |
320.029 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
1.187.345 |
1.258.120 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
39.576 |
37.625 |
|
TOTAL ASSETS |
|
|
18.454.110 |
13.411.610 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
5.609.297 |
5.294.761 |
|
. Company's capital |
|
|
1.300.000 |
1.300.000 |
|
. Reserves |
|
|
3.729.299 |
3.719.117 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
265.462 |
72.009 |
|
. Profit (loss) |
|
|
314.536 |
203.635 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
274.271 |
445.751 |
|
SEVERANCE INDEMNITY FUND |
|
|
1.001.014 |
912.126 |
|
DEBTS |
|
|
11.569.490 |
6.758.972 |
|
. Financial M/L terms |
|
|
904.245 |
1.644.826 |
|
. . Financial M/L term banks |
|
|
904.245 |
1.644.826 |
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
3.146.587 |
993.788 |
|
. . Financial short-term banks |
|
|
3.146.587 |
993.788 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
|
|
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
5.895.123 |
3.278.698 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
1.623.535 |
841.660 |
|
ACCRUED EXPENSE |
|
|
38 |
|
|
TOTAL LIABILITIES |
|
|
18.454.110 |
13.411.610 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
18.276.334 |
15.109.700 |
|
. Revenues from sales/services |
|
|
17.569.489 |
14.601.634 |
|
. Change of stock (products) |
|
|
125.876 |
51.615 |
|
OPERATING EXPENSES |
|
|
17.240.534 |
14.591.842 |
|
. Purchasing expenses |
|
|
10.472.611 |
7.167.683 |
|
. Change of stock (raw material) |
|
|
-1.594.534 |
-29.159 |
|
. Expenses from services |
|
|
4.512.905 |
3.674.051 |
|
. Expenses from leasing |
|
|
127.431 |
120.570 |
|
. General expenses/sundry charges |
|
|
107.255 |
150.629 |
|
. Staff expenses |
|
|
3.146.988 |
2.588.662 |
|
. Depreciation/Devaluation costs |
|
|
467.878 |
919.406 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-242.278 |
-88.369 |
|
. Financial charges |
|
|
-284.438 |
-122.572 |
|
. Financial revenues |
|
|
42.160 |
34.203 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
33.621 |
196.737 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
827.143 |
626.226 |
|
TAX |
|
|
512.607 |
422.591 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
314.536 |
203.635 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2006 |
as at 31/12/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
2,69 |
3,36 |
2,01 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
1,68 |
0,72 |
2,79 |
|
Current ratio |
Units |
=> 1 |
l |
1,46 |
2,15 |
1,28 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
0,85 |
1,21 |
0,95 |
|
Return on Sales |
% |
|
l |
4,45 |
7,69 |
3,84 |
|
Average stock waiting period |
dd |
|
l |
133,92 |
118,72 |
57,45 |
|
Credits to clients average term |
dd |
|
l |
151,41 |
114,48 |
130,24 |
|
Debts to suppliers average term |
dd |
|
l |
140,40 |
107,64 |
147,96 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 1,37 |
- 0,60 |
- 0,90 |
|
Labour cost incidence |
% |
|
l |
17,91 |
17,72 |
19,09 |
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:
549.000 .Eur.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
429.080 |
|
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 2.083 significant companies.
The companies cash their credits on an average of 130 dd.
The average duration of suppliers debts is about 147 dd.
The sector's profitability is on an average of 3,84%.
The labour cost affects the turnover in the measure of 19,09%.
Goods are held in stock in a range of 57 dd.
The difference between the sales volume and the resources used to
realize it is about 1,20.
The employees costs represent the 19,65% 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 2.105.
The insolvency index for the region is 0,63, while for the province it
is 0,50.
Total Bankrupt companies in the province : 1.755.
Total Bankrupt companies in the region : 14.165.
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%)