MIRA INFORM REPORT
|
Report Date : |
02.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
LIGHT FORCE - S.P.A. |
|
|
|
|
Registered Office : |
Via Della Chimica, 21, 41012 – Carpi (MO) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
24.07.1987 |
|
|
|
|
Com. Reg. No.: |
MO023-27472 since 19/02/1996 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture of wearing
apparel; manufacture of leather and fur articles |
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 : |
300.000 Eur |
|
Status : |
Good |
|
Payment
Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Italy |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
Light Force - S.p.a.
Via Della Chimica, 21
41012 - Carpi (MO) -IT-
Summary
|
Fiscal Code |
: |
01783210360 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
24/07/1987 |
|
Equity |
: |
Over 2.582.254 Eur |
|
Turnover Range |
: |
35.000.000/50.000.000 Eur |
|
Number of Employees |
: |
from 176 to 200 |
Credit Analysis
|
Credit Opinion |
: |
300.000 - Eur |
Highlights
|
The subject is engaged in the designing
and production of clothing articles and |
|
knitwear in particular. |
|
The designer is Mrs Simona Barbieri, wife
of Mr Tiziano Sgarbi. |
|
* * * * |
|
The shares held by LIGHT MY FIRE S.R.L.
have been pawn to BANCA POPOLARE |
|
DELL'EMILIA ROMAGNA, SOCIETA' COOPERATIVA. |
Activity
MANUFACTURE OF WEARING APPAREL;
MANUFACTURE OF LEATHER AND FUR ARTIC
LES
Manufacture of other knitted and
crocheted apparel
Legal Data
Legal Form : Joint stock company
|
Fiscal Code : 01783210360 |
|
Foreign Trade Reg. no. : MO023018 since
13/07/1995 |
|
Chamber of Commerce no. : 208098 of
Alessandria |
|
Chamber of Commerce no. : 479824 of Bari |
|
Chamber of Commerce no. : 461001 of
Bologna |
|
Chamber of Commerce no. : 188716 of Lucca |
|
Chamber of Commerce no. : 1855006 of
Milano |
|
Chamber of Commerce no. : 242749 of Modena
since 19/10/1987 |
|
Chamber of Commerce no. : 192277 of
Ravenna |
|
Chamber of Commerce no. : 259197 of Reggio
Emilia |
|
Chamber of Commerce no. : 1253054 of Roma |
|
Chamber of Commerce no. : 289041 of Rimini |
|
Chamber of Commerce no. : 129905 of
Trieste |
|
Firms' Register : MO023-27472 since
19/02/1996 |
|
V.A.T. Code : 01783210360 |
|
Foundation date |
: 24/07/1987 |
|
|
Establishment date |
: 24/07/1987 |
|
|
Start of Activities |
: 24/07/1987 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 368.868 |
Eur |
|
Subscribed Capital |
: 368.868 |
Eur |
|
Paid up Capital |
: 368.868 |
Eur |
Members
|
|
Sgarbi |
Tiziano |
|
|
|
Born in Modena |
(MO) |
on 31/01/1960 |
- Fiscal Code : SGRTZN60A31F257C |
|
|
|
Residence : |
Via |
Ravaglio |
, 2 |
- 41012 |
Carpi |
(MO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
31/03/2009 |
|
|
|
Director |
08/01/2009 |
|
|
|
|
No Protests
registered |
|
|
Barbieri |
Simona |
|
|
|
Born in Carpi |
(MO) |
on 18/05/1962 |
- Fiscal Code : BRBSMN62E58B819C |
|
|
|
Residence : |
Via |
Ravaglio |
, 2 |
- 41012 |
Carpi |
(MO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
31/03/2009 |
|
|
|
Director |
08/01/2009 |
|
|
|
Board Chairman |
08/01/2009 |
|
|
|
|
No Protests
registered |
|
|
Benaglia |
Roberta |
|
|
|
Born in Rho |
(MI) |
on 12/04/1973 |
- Fiscal Code : BNGRRT73D52H264G |
|
|
|
Residence : |
Via |
San Martino |
, 17 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
08/01/2009 |
|
|
|
|
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 have holded positions.
|
|
SGARBI |
TIZIANO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
A.C.M.E. SNC DI SGARBI TIZIANO E C. |
Carpi (MO) - IT - |
01698450366 |
Partner |
Withdrawn |
Ceased |
|
CDM S.R.L. |
Milano (MI) - IT - |
06926800969 |
Sole Director |
Withdrawn |
Registered |
|
FANS DI ALLEGRETTI ANGELA E C. - S.N.C. |
Carpi (MO) - IT - |
01630230363 |
Partner |
Withdrawn |
Ceased |
|
IMMOBILIARE BARALDI SRL |
Carpi (MO) - IT - |
02122020361 |
Sole Director |
Active |
Registered |
|
LIVIANA CONTI - S.R.L. |
Savignano sul Rubicone (FO) - IT - |
01729810406 |
Director |
Active |
Registered |
|
LIVIANA CONTI - S.R.L. |
Savignano sul Rubicone (FO) - IT - |
01729810406 |
Board Chairman |
Active |
Registered |
|
LUCIANO PADOVAN S.R.L. |
Nerviano (MI) - IT - |
07005510966 |
Director |
Active |
Registered |
|
MO.DA GIOIELLI - S.R.L. |
Carpi (MO) - IT - |
01623880349 |
Sole Director |
Active |
Registered |
|
SGARBI TIZIANO |
Carpi (MO) - IT - |
SGRTZN60A31F257C |
Proprietor |
Withdrawn |
Ceased |
|
TESSITURA SIDOTI S.R.L. |
Soliera (MO) - IT - |
03367580366 |
Managing
Director |
Active |
Registered |
|
TESSITURA SIDOTI S.R.L. |
Soliera (MO) - IT - |
03367580366 |
Director |
Active |
Registered |
|
TESSITURA SIDOTI S.R.L. |
Soliera (MO) - IT - |
03367580366 |
Board Chairman |
Active |
Registered |
|
TI-SERVICE S.R.L. |
Carpi (MO) - IT - |
02939430365 |
Sole Director |
Withdrawn |
Registered |
|
TI-SET S.R.L. IN LIQUIDAZIONE |
Carpi (MO) - IT - |
01797920350 |
Liquidator |
Withdrawn |
Registered |
|
TWINSET SRL |
Carpi (MO) - IT - |
02692490366 |
Sole Director |
Withdrawn |
Ceased |
|
VERNI S.R.L. |
Rimini (rn) (RN) - IT - |
03513610406 |
Sole Director |
Withdrawn |
Registered |
|
ZEUS S.R.L. |
Carpi (MO) - IT - |
02764590366 |
Director |
Withdrawn |
Ceased |
|
ZEUS S.R.L. |
Carpi (MO) - IT - |
02764590366 |
Board Chairman |
Withdrawn |
Ceased |
|
|
BARBIERI |
SIMONA |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
A.C.M.E. SNC DI SGARBI TIZIANO E C. |
Carpi (MO) - IT - |
01698450366 |
Partner |
Withdrawn |
Ceased |
|
BARBIERI SIMONA |
Carpi (MO) - IT - |
BRBSMN62E58B819C |
Proprietor |
Withdrawn |
Ceased |
|
FANS DI ALLEGRETTI ANGELA E C. - S.N.C. |
Carpi (MO) - IT - |
01630230363 |
Partner |
Withdrawn |
Ceased |
|
LIVIANA CONTI - S.R.L. |
Savignano sul Rubicone (FO) - IT - |
01729810406 |
Director |
Active |
Registered |
|
LIVIANA CONTI - S.R.L. |
Savignano sul Rubicone (FO) - IT - |
01729810406 |
Assistant board
Chairman |
Active |
Registered |
|
TESSITURA SIDOTI S.R.L. |
Soliera (MO) - IT - |
03367580366 |
Director |
Active |
Registered |
|
TESSITURA SIDOTI S.R.L. |
Soliera (MO) - IT - |
03367580366 |
Assistant board
Chairman |
Active |
Registered |
The indication
"REGISTERED" as Firm Status could refer to Firms in Liquidation,
Active, Inactive, etc.
For more information, in this
case, we advise to request further investigations.
Capital Shareholders
Shareholders' list as at date of
data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Sgarbi Tiziano |
Carpi - IT - |
SGRTZN60A31F257C |
36.241 .Eur |
9,82 |
|
Light My Fire S.r.l. |
Milano - IT - |
06396970961 |
92.217 .Eur |
25,00 |
|
Barbieri Simona |
Carpi - IT - |
BRBSMN62E58B819C |
240.410 .Eur |
65,17 |
Direct Participations
The Company under review has
participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares
Amount |
% Ownership |
since |
until |
Share Status |
|
Liviana Conti - S.r.l. |
Savignano sul Rubicone - IT - |
01729810406 |
50.960 .Eur |
100,00 |
|
|
Active |
|
Cdm S.r.l. |
Milano - IT - |
06926800969 |
10.000 .Eur |
100,00 |
|
|
Active |
Firm's
location and structure
In order to carry out its
activities the firm uses the following locations:
|
- |
Legal and
operative seat |
|
since 24/07/1987 |
|
|
|
|
|
Via |
Della Chimica |
, 21 |
- 41012 |
- Carpi |
(MO) |
- IT - |
|
|
|
|
PHONE |
: 059/681672 |
|
|
|
|
PHONE |
: 059/692441 |
|
|
|
|
PHONE |
: 059/690491 |
|
- |
Branch |
|
since 08/07/2004 |
|
|
|
|
|
Via |
Siemens |
, 4 INT.17 |
- 41012 |
- Carpi |
(MO) |
- IT - |
|
- |
Branch |
(Warehouse ) |
since 02/04/2005 |
|
|
|
|
|
Via |
B.franklin |
, 12/A |
- 41012 |
- Carpi |
(MO) |
- IT - |
|
- |
Branch |
(Shop ) |
since 16/07/2005 |
|
|
|
|
|
Via |
Montauti |
, 4 |
- 55042 |
- Forte dei Marmi |
(LU) |
- IT - |
|
|
|
|
Trading Style: TWIN-SET |
|
|
|
|
Total Surface: 38 Sq.mt. |
|
- |
Branch |
(Shop ) |
since 05/08/2005 |
|
|
|
|
|
Corso |
Duomo |
, 28 |
- 41100 |
- Modena |
(MO) |
- IT - |
|
|
|
|
Trading Style: TWIN-SET |
|
|
|
|
Total Surface: 80 Sq.mt. |
|
- |
Branch |
(Shop ) |
since 12/09/2005 |
|
|
|
|
|
Via |
Sparano |
, 123 |
- 70100 |
- Bari |
(BA) |
- IT - |
|
|
|
|
Trading Style: TWIN-SET |
|
|
|
|
Total Surface: 110 Sq.mt. |
|
- |
Branch |
(Shop ) |
since 24/09/2005 |
|
|
|
|
|
Via |
San Rocco |
, 2/B |
- 42100 |
- Reggio Emilia |
(RE) |
- IT - |
|
|
|
|
Trading Style: TWIN-SET |
|
|
|
|
Total Surface: 234 Sq.mt. |
|
- |
Branch |
(Shop ) |
since 29/12/2006 |
|
|
|
|
|
Via |
Dell'indipendenza |
, 24/L |
- 40100 |
- Bologna |
(BO) |
- IT - |
|
|
|
|
Trading Style: TWIN-SET |
|
|
|
|
Total Surface: 4.750 Sq.mt. |
|
- |
Branch |
(Store ) |
since 01/02/2007 |
|
|
|
|
|
Via |
B. Franklin |
, 10 |
- 41012 |
- Carpi |
(MO) |
- IT - |
|
- |
Branch |
(Shop ) |
since 29/12/2006 |
|
|
|
|
|
Viale |
Ceccarini |
, 46 |
- 47036 |
- Riccione |
(RN) |
- IT - |
|
|
|
|
Trading Style: TWIN-SET |
|
|
|
|
Total Surface: 283 Sq.mt. |
|
- |
Branch |
(Shop ) |
since 24/09/2007 |
|
|
|
|
|
Via |
Pontaccio |
, 19 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
|
|
|
Trading Style: TWIN-SET |
|
- |
Branch |
(Shop ) |
since 22/08/2008 |
|
|
|
|
|
Via |
Don Puglisi |
, 5/2 |
- 42022 |
- Boretto |
(RE) |
- IT - |
|
|
|
|
Trading Style: TWIN SET |
|
|
|
|
Total Surface: 273 Sq.mt. |
|
- |
Branch |
(Shop ) |
since 14/02/2009 |
|
|
|
|
|
Via |
Cavour |
, 113/115 |
- 48100 |
- Ravenna |
(RA) |
- IT - |
|
|
|
|
Trading Style: TWIN SET |
|
|
|
|
Total Surface: 86 Sq.mt. |
|
- |
Branch |
(Showroom ) |
since 15/09/2009 |
|
|
|
|
|
Via |
Tortona |
, 27 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
- |
Branch |
(Shop ) |
since 21/11/2009 |
|
|
|
|
|
Localita' |
Saletti |
- 00060 |
- Sant'Oreste |
(RM) |
- IT - |
|
|
|
|
Total Surface: 258 Sq.mt. |
|
- |
Branch |
(Shop ) |
since 27/02/2010 |
|
|
|
|
|
Via |
Dell'archiginnasio |
, 4/D |
- 40100 |
- Bologna |
(BO) |
- IT - |
|
|
|
|
Trading Style: TWIN - SET |
|
|
|
|
Total Surface: 210 Sq.mt. |
|
- |
Branch |
(Shop ) |
since 06/03/2010 |
|
|
|
|
|
Piazza |
Del Duomo |
, 25 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
|
|
|
Trading Style: TWIN - SET |
|
|
|
|
Total Surface: 230 Sq.mt. |
|
- |
Branch |
(Shop ) |
since 18/09/2009 |
|
|
|
|
|
Strada |
Provinciale Di Farnei |
, 42/A |
- 34015 |
- Muggia |
(TS) |
- IT - |
|
|
|
|
Trading Style: TWIN - SET |
|
|
|
|
Total Surface: 399 Sq.mt. |
|
- |
Branch |
(Store ) |
since 15/11/2010 |
|
|
|
|
|
Via |
Della Chimica |
, 21 |
- 41012 |
- Carpi |
(MO) |
- IT - |
|
- |
Branch |
(Workshop ) |
since 16/11/2010 |
|
|
|
|
|
Via |
B. Franklin.n. |
, 14/16 |
- 41012 |
- Carpi |
(MO) |
- IT - |
|
- |
Branch |
(Shop ) |
since 10/02/2011 |
|
|
|
|
|
Piazza |
Cinque Giornate |
, 1 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
|
|
|
Employees |
: 176 |
|
Fittings and Equipment for a value of
3.030.000 |
Eur |
|
Stocks for a value of 10.650.000 |
Eur |
|
Vehicles for a good value. |
|
|
The subject firm uses the
following own selling brands:
|
- Twin Set |
|
- Liviana Conti |
|
- Scee by Twin Set |
Traded Brands / Suppliers
|
- LIVIANA CONTI SRL |
|
- Liviana Conti |
|
- Twin Set |
|
- SCEE |
Historical Information and/or Firm's Status
EX-MEMBERS
/ EX-POSITIONS:
|
|
Rustichelli
Simona |
|
|
|
|
Born in Modena |
on 26/12/1960 |
- Fiscal Code : RSTSMN60T66F257P |
|
|
|
Fiscal residence : |
Via |
Palermo |
, 14 |
- 41012 |
Carpi |
(MO) |
- IT - |
|
Ex-Postions |
|
Sole Director |
|
|
Bignardi Laura |
|
|
|
|
Born in Schivenoglia |
on 26/09/1956 |
- Fiscal Code : BGNLRA56P66I532N |
|
Ex-Postions |
|
Sole Director |
|
|
Sgarbi Ezio |
|
|
|
|
Ex-Postions |
|
Sole Director |
|
|
Leone |
Lorenzo |
|
|
|
Born in Reggio Emilia |
on 29/10/1963 |
- Fiscal Code : LNELNZ63R29H223W |
|
|
|
Residence : |
Viale |
Refice |
, 17 |
- 41049 |
Sassuolo |
(MO) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
Bechelli |
Luigi |
|
|
|
Born in Sassuolo |
on 24/09/1969 |
- Fiscal Code : BCHLGU69P24I462B |
|
|
|
Residence : |
Via |
Taormina |
, 31 |
- 41049 |
Sassuolo |
(MO) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Sgarbi |
Tiziano |
|
|
|
Born in Modena |
on 31/01/1960 |
- Fiscal Code : SGRTZN60A31F257C |
|
|
|
Residence : |
Via |
Ravaglio |
, 2 |
- 41012 |
Carpi |
(MO) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
Barbieri |
Simona |
|
|
|
Born in Carpi |
on 18/05/1962 |
- Fiscal Code : BRBSMN62E58B819C |
|
|
|
Residence : |
Via |
Ravaglio |
, 2 |
- 41012 |
Carpi |
(MO) |
- IT - |
|
Ex-Postions |
|
Sole Director |
|
Managing Director |
|
|
Rioli |
Sonia |
|
|
|
Born in Sassuolo |
on 15/01/1969 |
- Fiscal Code : RLISNO69A55I462F |
|
|
|
Residence : |
Via |
Marzabotto |
, 28 |
- 41043 |
Formigine |
(MO) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Savoia |
Alessandro |
|
|
|
Born in Modena |
on 12/09/1974 |
- Fiscal Code : SVALSN74P12F257C |
|
|
|
Residence : |
Via |
Carnevale |
, 8 |
- 41100 |
Modena |
(MO) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Bassi |
Rossano |
|
|
|
Born in Reggio Emilia |
on 01/10/1969 |
- Fiscal Code : BSSRSN69R01H223V |
|
|
|
Residence : |
Via |
Boito |
, 25 |
- 41049 |
Sassuolo |
(MO) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of
merging by taking over of |
|
|
|
|
|
|
|
Via |
Carlo Marx |
, 131 |
, 41012 |
, Carpi |
(MO) |
- IT - |
|
|
|
Fiscal Code: 02764590366 |
|
|
|
Date |
Merging/splitting-up project : |
29/06/2006 |
|
|
The firm
absorbed by merging of |
|
|
|
|
|
|
|
Via |
Carlo Marx |
, 131 |
, 41012 |
, Carpi |
(MO) |
- IT - |
|
|
|
Fiscal Code: 02764590366 |
|
|
|
Date |
: |
18/12/2006 |
Protests
Protests checking on the subject
firm has given a negative result.
Legal Procedures
None reported, standing to the
latest received edition of the Official Publications.
Bankers
The firm operates with:
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
BANCA POP. EMILIA ROMAGNA |
CARPI |
PIAZZA DEI MARTIRI, 35 |
41012 |
Carpi |
5387 |
23300 |
Financial and Economical Analysis
Subject is active since 1987
The latest 2 available b/s have
been used.
Under an economic point of view,
profits were registered during the last years with a r.o.e. of 22,07% in 2009
with an increase in 2009 (+25,64%).
The operating result in 2009 was
positive (15,59%)
An operating result of Eur.
7.760.151 has been registered. rising (+63,71%) in relation to the previous
year.
The G.O.M. amounted to Eur.
9.269.130 with a 35,17% increase as opposed to the preceding year.
The company has an excellent net
worth if compared to its debts, with a low indebtedness (0,51) and with an
upward trend compared to the previous year.
Subject can manage an equity
capital funds for an amount of Eur. 22.804.306 , increasing by 28,87% if
compared to the financial year 2008.
Total debts recorded amounted to
Eur. 25.992.897 (Eur. 2.487.310 of which were m/l term debts) , with no
sensible variation.
The financial exposure is
moderate, on the other hand the recourse to commercial credit is high, with a
high average payment period but lined up with the field's average.
Liquid assets are good.
Due from customers average term
is high and equal to 126,76 days. within the standard level of the average of
the sector.
2009 financial year closed with
a cash flow of Eur. 6.541.850
During 2009 financial year
labour costs amounted to Eur. 3.994.097, with a 9,42% incidence on production
costs. , with a 8,3% incidence on turnover.
The financial management has a
limited economic impact, equal to -0,69% on the sales.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
48.137.238 |
|
Profit (Loss) for the period |
5.033.054 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
38.311.614 |
|
Profit (Loss) for the period |
2.261.712 |
Balance Sheets
From our constant monitoring of
the relevant Public Administration offices, no more recent balance sheets
result to have been filed.
|
- Balance Sheet
as at 31/12/2009 - 12 Mesi - Currency: Eur - Amounts x 1 |
|
- Balance Sheet
as at 31/12/2008 - 12 Mesi - Currency: Eur - Amounts x 1 |
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|
RATIOS |
Value
Type |
as at 31/12/2009 |
as at 31/12/2008 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
Rigidity Ratio |
Units |
0,16 |
0,14 |
0,12 |
|
Elasticity Ratio |
Units |
0,84 |
0,84 |
0,85 |
|
Availability of stock |
Units |
0,21 |
0,20 |
0,23 |
|
Total Liquidity Ratio |
Units |
0,63 |
0,64 |
0,55 |
|
Quick Ratio |
Units |
0,24 |
0,29 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
Net Short-term indebtedness |
Units |
0,51 |
0,54 |
3,50 |
|
Self Financing Ratio |
Units |
0,46 |
0,37 |
0,16 |
|
Capital protection Ratio |
Units |
0,76 |
0,85 |
0,65 |
|
Liabilities consolidation quotient |
Units |
0,12 |
0,17 |
0,17 |
|
Financing |
Units |
1,14 |
1,56 |
4,32 |
|
Permanent Indebtedness Ratio |
Units |
0,51 |
0,46 |
0,34 |
|
M/L term Debts Ratio |
Units |
0,05 |
0,09 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
1,05 |
|
CORRELATION |
|
|
|
|
|
Fixed assets ratio |
Units |
3,30 |
3,15 |
2,49 |
|
Current ratio |
Units |
1,78 |
1,67 |
1,25 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,33 |
1,26 |
0,85 |
|
Structure's primary quotient |
Units |
2,95 |
2,54 |
1,33 |
|
Treasury's primary quotient |
Units |
0,51 |
0,59 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
218,24 |
264,18 |
594,79 |
|
Current Capital ( net ) |
Value |
18.295.484 |
15.974.413 |
288.592 |
|
RETURN |
|
|
|
|
|
Return on Sales |
% |
13,59 |
11,42 |
2,36 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
22,07 |
12,78 |
5,35 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
33,28 |
20,06 |
20,40 |
|
Return on Investment ( R.O.I. ) |
% |
15,59 |
10,14 |
4,95 |
|
Return/ Sales |
% |
16,12 |
12,37 |
4,04 |
|
Extra Management revenues/charges incid. |
% |
64,86 |
47,71 |
21,90 |
|
Cash Flow |
Value |
6.541.850 |
4.377.963 |
56.522 |
|
Operating Profit |
Value |
7.760.151 |
4.740.112 |
92.875 |
|
Gross Operating Margin |
Value |
9.269.130 |
6.857.363 |
142.470 |
|
MANAGEMENT |
|
|
|
|
|
Credits to clients average term |
Days |
126,76 |
131,43 |
121,78 |
|
Debts to suppliers average term |
Days |
150,73 |
159,51 |
140,98 |
|
Average stock waiting period |
Days |
79,65 |
90,82 |
67,22 |
|
Rate of capital employed return ( Turnover
) |
Units |
0,97 |
0,81 |
1,25 |
|
Rate of stock return |
Units |
4,52 |
3,96 |
5,32 |
|
Labour cost incidence |
% |
8,30 |
8,26 |
12,87 |
|
Net financial revenues/ charges incidence |
% |
- 0,69 |
- 0,38 |
- 1,41 |
|
Labour cost on purchasing expenses |
% |
9,42 |
8,63 |
12,61 |
|
Short-term financing charges |
% |
1,76 |
0,80 |
2,94 |
|
Capital on hand |
% |
103,39 |
122,01 |
79,67 |
|
Sales pro employee |
Value |
404.514 |
361.430 |
235.466 |
|
Labour cost pro employee |
Value |
33.563 |
29.861 |
30.919 |
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:
300.000Eur.
Market / Territory Data
|
Population living in the province |
: |
659.925 |
|
Population living in the region |
: |
4.151.369 |
|
Number of families in the region |
: |
1.748.359 |
Monthly family expenses average
in the region (in Eur.) :
|
- per food products |
: |
425 |
|
- per non food products |
: |
2.063 |
|
- per energy consume |
: |
143 |
Sector Data
The values are calculated on a
base of 1.417 significant companies.
The companies cash their credits
on an average of 121 dd.
The average duration of
suppliers debts is about 140 dd.
The sector's profitability is on
an average of 2,36%.
The labour cost affects the
turnover in the measure of 12,87%.
Goods are held in stock in a
range of 67 dd.
The difference between the sales
volume and the resources used to realize it is about 1,25.
The employees costs represent the
12,61% of the production costs.
Statistical Detrimental Data
The area is statistically
considered lowly risky.
In the region 18.860 protested
subjects are found; in the province they count to 3.557.
The insolvency index for the
region is 0,46, , while for the province it is 0,55.
Total Bankrupt companies in the
province : 2.526.
Total Bankrupt companies in the
region : 14.698.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.05 |
|
UK Pound |
1 |
Rs.72.40 |
|
Euro |
1 |
Rs.63.46 |
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 |
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 |
|
---- |
NB |
New Business |
---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.