MIRA INFORM REPORT
|
Report Date : |
21.11.2008 |
IDENTIFICATION DETAILS
|
Name : |
MODA SOURCING COMPANY S.R.L. |
|
|
|
|
Registered Office : |
Via
Borgonuovo, 11, 20100 – Milano (MI) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
16.02.1990 |
|
|
|
|
Com. Reg. No.: |
MI146-302055 |
|
|
|
|
Legal Form : |
Sole-Member Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturing of garments. |
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 537.000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Name & address
Moda Sourcing
Company S.r.l.
Via
Borgonuovo, 11
20100 - Milano (MI) -IT-
SUMMARY
|
Fiscal Code |
: |
09987850154 |
|
Legal Form |
: |
Sole-Member Limited Liability Company |
|
Start of
Activities |
: |
08/03/1990 |
|
Patrimonial
Consistence |
: |
Over 2.500.000 Eur |
|
|
: |
100.000.000/150.000.000 Eur |
|
Number of
Employees |
: |
from 201 to 250 |
|
Group |
: |
ARMANI |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
537.000 - Eur |
|
Score |
: |
Risk normal |
|
Creditworthness
Rate |
: |
Good |
|
|
|
Under the
financial aspect a certain balance is reported which leads |
|
|
|
to a credit with a
very limited risk. |
ACTIVITY
Manufacturing of garments.
Manufacturing and wholesale trade of ladies' and children's wear, sp
ortswear and of knitwear articles.
Retail of clothes.
LEGAL DATA
Legal Form : Sole-Member Limited Liability Company
|
Fiscal Code : 09987850154 |
|
Foreign Trade Reg.
no. : 70959 of Milano since 24/12/1991 |
|
Chamber of
Commerce no. : 1330497 of Milano since 09/03/1990 |
|
Chamber of
Commerce no. : 199336 of |
|
Chamber of
Commerce no. : 209299 of |
|
Firms' Register :
MI146-302055 since 19/02/1996 |
|
V.A.T. Code :
09987850154 |
|
Court : 302055 of
Milano since 08/03/1990 |
|
Foundation Date |
: 16/02/1990 |
|
|
Establishment Date |
: 16/02/1990 |
|
|
Start of
Activities |
: 08/03/1990 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 520.000 |
Eur |
|
Subscribed Capital |
: 520.000 |
Eur |
|
Paid up Capital |
: 520.000 |
Eur |
MEMBERS
|
KPMG S.P.A. |
|
|
- Fiscal Code :
00709600159 |
|
Via |
VITTOR PISANI |
, 25 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Auditing company |
23/04/2007 |
|
|
|
Giorgio Armani
S.p.a. |
|
|
- Fiscal Code :
02342990153 |
|
Residence : |
Via |
Borgonuovo |
, 11 |
- 20121 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
|
|
|
No Protests registered.
|
Petrelli |
Leonardo |
|
Born in Milano |
(MI) |
on 27/04/1956 |
- Fiscal Code :
PTRLRD56D27F205Q |
|
Residence : |
Via |
Ascoli |
, 1 |
- 20060 |
Pessano Con
Bornago |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
14/05/2007 |
|
|
|
Director |
23/04/2007 |
|
|
|
General Manager |
29/05/2006 |
|
|
No Protests registered.
|
Mosterts |
Massimo |
|
Born in Milano |
(MI) |
on 08/07/1955 |
- Fiscal Code :
MSTMSM55L08F205U |
|
Residence : |
Via |
Provinciale Nord |
, 150 |
- 30030 |
Fosso' |
(VE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/04/2007 |
|
|
|
Board Chairman |
23/04/2007 |
|
|
No Protests registered.
|
Dell'orco |
Pantaleo |
|
Born in Bisceglie |
(BA) |
on 02/11/1952 |
- Fiscal Code :
DLLPTL52S02A883Y |
|
Residence : |
Via |
S. Gabrio |
, 8 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/04/2007 |
|
|
No Protests registered.
|
Perin |
Eleonora |
|
Born in Valdagno |
(VI) |
on 13/04/1954 |
- Fiscal Code :
PRNLNR54D53L551X |
|
Residence : |
Via |
Sette Martiri |
, 83 |
- 36078 |
Valdagno |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
14/05/2007 |
|
|
No Protests registered.
|
Concaro |
Fabrizio |
|
Born in Milano |
(MI) |
on 23/01/1964 |
- Fiscal Code :
CNCFRZ64A23F205J |
|
Residence : |
Via |
Rontgen Guglielmo |
, 18 |
- 20136 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/04/2007 |
|
|
No Protests registered.
|
Colombi |
Riccardo |
|
Born in Milano |
(MI) |
on 08/06/1937 |
- Fiscal Code :
CLMRCR37H08F205Q |
|
Residence : |
Via |
Borgonuovo |
, 11 |
- 20121 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/04/2007 |
|
|
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.
|
GIORGIO ARMANI
S.P.A. |
|
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
DEANNA S.P.A. |
San Martino in |
01994870358 |
Sole partner |
Active |
Registered |
|
DEIMUTTI COMPAGNIA
DEI CUOI S.R.L. |
Milano (MI) - IT - |
04150460964 |
Sole partner |
- |
Ceased |
|
SIMINT S.P.A. |
|
00159600360 |
Sole partner |
Active |
Registered |
|
PETRELLI |
LEONARDO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
BORGO 21 S.P.A. |
|
01733320228 |
Director |
Dismiss |
Registered |
|
ELLEPI LOGISTIC
PROJECTS SRL |
Milano (MI) - IT - |
09352030150 |
Procurator |
Dismiss |
Ceased |
|
LO.SINT S.R.L. |
|
00811040153 |
Director |
Dismiss |
Ceased |
|
SINTEL SVILUPPO
INIZIATIVE TECNICO LOGISTICHE SRL IN FORMA ABBREVIATA SINTEL SRL |
Milano (MI) - IT - |
02128260169 |
Director |
Dismiss |
Ceased |
|
SLI - SERVIZI
LOGISTICI INTEGRATI S.R.L. IN FORMA ABBREVIATA SLI S.R.L. |
San Giuliano
Milanese (MI) - IT - |
11363790152 |
Director |
Dismiss |
Ceased |
|
MOSTERTS |
MASSIMO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
BORGO 21 S.P.A. |
|
01733320228 |
Managing Director |
Dismiss |
Registered |
|
BORGO 21 S.P.A. |
|
01733320228 |
Director |
Dismiss |
Registered |
|
BORGO 21 S.P.A. |
|
01733320228 |
Board Chairman |
Dismiss |
Registered |
|
GUARDI S.P.A. |
Fosso' (VE) - IT - |
03389410279 |
Director |
Active |
Registered |
|
GUARDI S.P.A. |
Fosso' (VE) - IT - |
03389410279 |
Board Chairman |
Active |
Registered |
|
INTAI SPA |
Milano (MI) - IT - |
10123480153 |
Managing Director |
Active |
Registered |
|
INTAI SPA |
Milano (MI) - IT - |
10123480153 |
Director |
Active |
Registered |
|
INTAI SPA |
Milano (MI) - IT - |
10123480153 |
Board Chairman |
Active |
Registered |
|
SIMINT S.P.A. |
|
00159600360 |
Director |
Active |
Registered |
|
SIMINT S.P.A. |
|
00159600360 |
Board Chairman |
Active |
Registered |
|
SOMMA S.P.A. . |
Mornago (VA) - IT
- |
00742610124 |
Managing Director |
Dismiss |
Ceased |
|
SOMMA S.P.A. |
Mornago (VA) - IT
- |
00189950124 |
Managing Director |
Dismiss |
Ceased |
|
SOMMA S.P.A. |
MORNAGO (VA) V.
STAZIONE N.123 - IT - |
|
Managing Director |
Dismiss |
Registered |
|
VESTIMENTA S.P.A. |
|
00110740222 |
Managing Director |
Dismiss |
Registered |
|
PERIN |
ELEONORA |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
PERIN ELEONORA |
Valdagno (VI) - IT
- |
PRNLNR54D53L551X |
Proprietor |
Dismiss |
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 |
|
Giorgio Armani
S.p.a. |
Milano - IT - |
02342990153 |
520.000 .Eur |
100,00 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
Borgo 21 S.p.a. |
|
01733320228 |
34.000.000 .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 |
|
since 10/09/1996 |
in : |
|
|
|
|
|
Via |
Borgonuovo |
, 11 |
- 20121 - |
Milano |
(MI) |
- IT - |
|
|
|
|
PHONE |
: 0272021299 |
|
- |
Branch |
(Factory ) |
since 09/04/1990 |
in : |
|
|
|
|
|
Via |
E. Fermi |
, 4 |
- 36053 - |
Gambellara |
(VI) |
- IT - |
|
|
|
|
PHONE |
: 0445/409555 |
|
- |
Branch |
(Administrative
office ) |
since 19/08/1996 |
in : |
|
|
|
|
|
Via |
Stazione |
, 93 Loc.
LOCALITA' COLOMBARA |
- 36070 - |
Trissino |
(VI) |
- IT - |
|
|
|
|
|
Trading Style:
ANTINEA SRL |
|
|
|
|
PHONE |
: 0445/424100 |
|
- |
Branch |
|
since 14/07/2008 |
in : |
|
|
|
|
|
Via |
G. Catoni |
, 149 Loc.
MATTARELLO |
- 38100 - |
|
(TN) |
- IT - |
|
- |
Branch |
(Workshop ) |
since 14/07/2008 |
in : |
|
|
|
|
|
Via |
|
, 30 |
- 36016 - |
Thiene |
(VI) |
- IT - |
|
- |
Branch |
(Workshop ) |
since 14/07/2008 |
in : |
|
|
|
|
|
Via |
Del Costo |
, 4/A |
- 36010 - |
Zane' |
(VI) |
- IT - |
|
- |
Branch |
(Workshop ) |
since 10/07/2008 |
in : |
|
|
|
|
|
Vicolo |
Pastore |
, 3 |
- 20065 - |
Inzago |
(MI) |
- IT - |
|
|
|
|
Employees |
: 235 |
|
|
|
|
Fittings and
Equipment |
for a value of 2.910.000 |
Eur |
|
|
|
|
Stocks |
for a value of 24.760.000 |
Eur |
|
|
|
|
Furniture and
fittings |
for a value of 15.000 |
Eur |
|
|
|
|
Vehicles |
for a value of 52.000 |
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 more than 50% of the global turnover.
Products abroad are placed by :
|
- its own agents |
Export is mainly towards:
|
- Francia |
|
- Grecia |
|
- Islanda |
|
- Rep.di Guinea |
Traded Brands / Suppliers:
|
- ARMANI |
HISTORICAL INFORMATION AND/OR
FIRM'S STATUS
|
Ex-Members /
Ex-Positions |
|
Gabbiani |
Giorgio |
|
Born in |
on 13/07/1940 |
- Fiscal Code :
GBBGRG40L13D150O |
|
Residence : |
Via |
San Ginignano |
, 32 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Director |
|
Germiniani |
Ferruccio |
|
Born in Milano |
on 14/01/1947 |
- Fiscal Code :
GRMFRC47A14F205L |
|
Residence : |
Via |
Ponchielli
Amilcare |
, 7 |
- 20129 |
Milano |
(MI) |
- IT - |
|
Position |
|
Temporary Auditor |
|
Giorgino |
Nicoletta |
|
Born in |
on 24/11/1949 |
- Fiscal Code :
GRGNLT49S64A285Y |
|
Residence : |
Via |
COLA MONTANO |
, 30 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Director |
|
Gerbotto |
Giovanni Maria |
|
Born in |
on 02/09/1948 |
- Fiscal Code :
GRBGNN48P02L219E |
|
Residence : |
Via |
Borgonuovo |
, 11 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Director |
|
Board Chairman |
|
Brusone |
Giuseppe |
|
Born in Pontremoli
|
on 05/10/1943 |
- Fiscal Code :
BRSGPP43R05F023X |
|
Residence : |
Via |
Vittorio |
, 299 |
- 19100 |
|
(SP) |
- IT - |
|
Position |
|
Board Chairman |
|
Manzoni |
Candido |
|
Born in BELLANO |
on 09/08/1941 |
- Fiscal Code :
MNZCDD41M09A745T |
|
Residence : |
Via |
IMBONATI |
, 1 |
- 22100 |
|
(CO) |
- IT - |
|
Position |
|
Managing Director |
|
Director |
|
Managing Director |
|
Fontanelli |
Paolo |
|
Born in |
on 16/03/1957 |
- Fiscal Code :
FNTPLA57C16I480W |
|
Residence : |
Via |
|
, 94/A |
- 50129 |
|
(FI) |
- IT - |
|
Position |
|
Director |
Former seats
|
- |
Branch |
(office ) |
since 09/04/1990 |
until 23/07/1998 |
|
|
|
|
|
Via |
MONTEGRAPPA |
- 36073 |
- CORNEDO
VICENTINO |
(VI) |
- IT - |
|
- |
Branch |
(Store ) |
since 25/05/1990 |
until 30/06/1998 |
|
|
|
|
|
Via |
CENGELLE |
- 36070 |
- CASTELGOMBERTO |
(VI) |
- IT - |
|
- |
Branch |
(Store ) |
since 15/04/1999 |
until 09/03/1990 |
|
|
|
|
|
Via |
MONTEGRAPPA |
- 36073 |
- CORNEDO
VICENTINO |
(VI) |
- IT - |
.
|
The firm absorbed
by merging of |
|
Borgo 21 S.p.a.
|
|
Via |
G. Catoni |
, 149 |
, 38060 |
, |
(TN) |
- IT - |
|
Fiscal Code:
01733320228 |
|
Date |
: |
07/07/2008 |
|
The firm absorbed
by merging of |
|
Borgo 21 S.p.a.
|
|
Via |
G. Catoni |
, 149 |
, 38060 |
, |
(TN) |
- IT - |
|
Fiscal Code:
01733320228 |
|
Date |
: |
30/04/2008 |
|
Project of merging
by taking over of |
|
Borgo 21 S.p.a.
|
|
Via |
G. Catoni |
, 149 |
, 38060 |
, |
(TN) |
- IT - |
|
Fiscal Code:
01733320228 |
|
Date |
Merging/Splitting-up
Project : |
21/04/2008 |
|
Project of merging
by taking over of |
|
Borgo 21 S.p.a.
|
|
Via |
G. Catoni |
, 149 |
, 38060 |
, |
(TN) |
- IT - |
|
Fiscal Code:
01733320228 |
|
Date |
Merging/Splitting-up
Project : |
18/03/2008 |
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 |
1.191.764 .Eur |
NB.: For Capital Companies the value of the Immovables is the one
reported in the last available financial documents.
FINANCIAL AND ECONOMICAL ANALYSIS
Company's starting of activities dates back to 1990.
The operating result in 2007 was positive (20,59%) and higler than the
field average.
yet on the increase as against the previous accounting period.
Liquid assets are not adequate.
FINANCIAL DATA
|
Complete
balance-sheet for the year as at |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
145.672.376 |
filed balance
sheet |
|
Profit (Loss) for
the period |
15.505.216 |
filed balance
sheet |
|
Complete balance-sheet
for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
149.999.368 |
filed balance
sheet |
|
Profit (Loss) for
the period |
13.165.132 |
filed balance
sheet |
|
Complete balance-sheet
for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
141.650.130 |
filed balance
sheet |
|
Profit (Loss) for
the period |
11.053.857 |
filed balance
sheet |
|
Complete balance-sheet
for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
133.663.801 |
filed balance
sheet |
|
Profit (Loss) for
the period |
10.145.110 |
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
) |
|
|
63.654.099 |
2.044.343 |
|
. Intangible assets |
|
|
44.209 |
53.604 |
|
. Tangible fixed
assets |
|
|
1.709.873 |
1.990.119 |
|
. . Land and
buildings |
|
|
1.191.764 |
1.217.400 |
|
. . Plants,
Equipm.and Machinery |
|
|
295.734 |
487.512 |
|
. Long-term
Investments |
|
|
61.900.017 |
620 |
|
. . Financial
loans |
|
|
61.900.017 |
620 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
60.229.410 |
66.186.274 |
|
. Stock |
|
|
16.931.660 |
15.832.946 |
|
. Credits |
|
|
43.184.583 |
50.161.894 |
|
. . Credits to
clients |
|
|
38.750.223 |
47.131.242 |
|
. . Other credits |
|
|
4.434.360 |
3.030.652 |
|
. Short-term
financial assets |
|
|
|
|
|
. Liquid assets |
|
|
113.167 |
191.434 |
|
ACCRUED
INCOME-DEFERR. ASSETS |
|
|
2.254.380 |
3.768.214 |
|
TOTAL ASSETS |
|
|
126.137.889 |
71.998.831 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
40.513.793 |
38.008.574 |
|
. Company's
capital |
|
|
520.000 |
520.000 |
|
. Reserves |
|
|
24.488.577 |
24.323.442 |
|
. Reserves
company's own shares |
|
|
|
|
|
. Retained profits
(losses) |
|
|
|
|
|
. Profit (loss) |
|
|
15.505.216 |
13.165.132 |
|
PROVISION FOR
RISKS AND LOSSES |
|
|
1.321.712 |
432.912 |
|
SEVERANCE
INDEMNITY FUND |
|
|
3.028.499 |
3.296.384 |
|
DEBTS |
|
|
81.257.719 |
30.260.961 |
|
. Financial M/L
terms |
|
|
|
|
|
. . Financial M/L
term banks |
|
|
|
|
|
. . Financial M/L
bonds |
|
|
|
|
|
. . Other
financial M/L debts |
|
|
|
|
|
. Financial
short-term debts |
|
|
|
718.554 |
|
. . Financial
short-term banks |
|
|
|
677.154 |
|
. . Financial
short-term bonds |
|
|
|
|
|
. . Other
financial short-term debts |
|
|
|
41.400 |
|
. M/L term debts
to suppliers |
|
|
|
|
|
. Short-term debts
to suppliers |
|
|
44.732.503 |
25.499.038 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry
short-term debts |
|
|
36.525.216 |
4.043.369 |
|
ACCRUED EXPENSE |
|
|
16.166 |
|
|
TOTAL
LIABILITIES |
|
|
126.137.889 |
71.998.831 |
PROFIT AND LOSS ACCOUNTS
|
OUTPUT VALUE |
|
|
146.576.767 |
148.696.869 |
|
. Revenues from
sales/services |
|
|
145.672.376 |
149.999.368 |
|
. Change of stock
(products) |
|
|
602.084 |
-1.720.273 |
|
OPERATING EXPENSES |
|
|
120.595.949 |
126.682.422 |
|
. Purchasing
expenses |
|
|
62.903.851 |
70.462.508 |
|
. Change of stock
(raw material) |
|
|
-415.542 |
882.607 |
|
. Expenses from
services |
|
|
46.186.434 |
44.253.530 |
|
. Expenses from
leasing |
|
|
192.763 |
221.997 |
|
. General
expenses/sundry charges |
|
|
1.327.668 |
333.551 |
|
. Staff expenses |
|
|
9.873.864 |
9.907.067 |
|
.
Depreciation/Devaluation costs |
|
|
526.911 |
621.162 |
|
FINANCIAL REVENUES
(CHARGES) |
|
|
170.229 |
26.138 |
|
. Financial
charges |
|
|
-26.681 |
-39.833 |
|
. Financial
revenues |
|
|
196.910 |
65.971 |
|
FINANCIAL ASSETS
CORRECTION |
|
|
|
|
|
EXTRAORDINARY
FINANCIAL REVENUES (CHARGES) |
|
|
-26.875 |
-32.374 |
|
PROFIT (LOSS) FOR
THE PERIOD |
|
|
26.124.172 |
22.008.211 |
|
TAX |
|
|
10.618.956 |
8.843.079 |
|
CORRECT./ALLOCAT. FISCAL
RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
15.505.216 |
13.165.132 |
Ratios
|
|
Item |
O.V. |
as at 31/12/2007 |
as at 31/12/2006 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
0,68 |
20,20 |
2,28 |
|
Net Short-term
indebtedness |
Units |
- 1 |
2,00 |
0,79 |
3,73 |
|
Current ratio |
Units |
=> 1 |
0,74 |
2,18 |
1,24 |
|
Acid Test
Ratio-Liquidity Ratio |
Units' |
=> 1 |
0,53 |
1,66 |
0,87 |
|
Return on Sales |
% |
|
11,00 |
9,19 |
2,33 |
|
Average stock waiting
period |
dd |
|
41,83 |
37,98 |
65,05 |
|
Credits to clients
average term |
dd |
|
95,76 |
113,11 |
125,44 |
|
Debts to suppliers
average term |
dd |
|
147,34 |
79,84 |
140,38 |
|
Net financial
revenues/ charges incidence |
% |
|
0,11 |
0,01 |
- 1,20 |
|
Labour cost
incidence |
% |
|
6,77 |
6,60 |
12,37 |
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;
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:
537.000 .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 1.805 significant companies.
The companies cash their credits on an average of 125 dd.
The average duration of suppliers debts is about 140 dd.
The sector's profitability is on an average of 2,33%.
The labour cost affects the turnover in the measure of 12,37%.
Goods are held in stock in a range of 65 dd.
The difference between the sales volume and the resources used to
realize it is about 1,23.
The employees costs represent the 12,44% of the production costs.
STATISTICAL DETRIMENTAL DATA
Statistically the trade activity passes through serious crises.
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.03 |
|
|
1 |
Rs.74.42 |
|
Euro |
1 |
Rs.62.71 |
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%)