MIRA
INFORM REPORT
|
Report Date : |
20.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
CLIMAVENETA S.P.A. |
|
|
|
|
Registered Office : |
Via Lodovico Seitz,47 31100- |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
31.12.2003 |
|
|
|
|
Com. Reg. No.: |
CO-2001-19334 since 15/06/2001 |
|
|
|
|
Legal Form : |
Joint stock company with sole shareholder |
|
|
|
|
Line of Business : |
Manufacture of non-domestic cooling and ventilation equipment |
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 : |
250.000 - 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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Name and address
Climaveneta S.p.a.
Via Lodovico Seitz,47
31100-
Summary
|
Fiscal Code |
: |
02603430139 |
|
Legal Form |
: |
Joint stock company with sole shareholder |
|
start of Activities |
: |
31/12/2003 |
|
Equity |
: |
Over 2.582.254 Eur |
|
|
: |
100.000.000/150.000.000 Eur |
|
Number of Employees |
: |
from 251 to 500 |
|
Group |
: |
DE LONGHI |
Credit Analysis
|
Credit Opinion |
: |
250.000 - Eur |
Activity
Manufacture of non-domestic cooling and ventilation equipment
Legal Data
Legal Form : Joint stock company with sole shareholder
|
Fiscal Code : 02603430139 |
|
Chamber of Commerce no. : 397530 of |
|
Chamber of Commerce no. : 87861 of Belluno |
|
Chamber of Commerce no. : 269397 of |
|
Chamber of Commerce no. : 302989 of |
|
Chamber of Commerce no. : 300809 of |
|
Firms' Register : CO-2001-19334 since 15/06/2001 |
|
Firms' Register : TV-2003-56483 since 12/12/2003 |
|
V.A.T. Code : 02603430139 |
|
Establishment date |
: 18/05/2001 |
|
|
Start of Activities |
: 31/12/2003 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 10.000.000 |
Eur |
|
Subscribed Capital |
: 10.000.000 |
Eur |
|
Paid up Capital |
: 10.000.000 |
Eur |
Members
|
|
De' Longhi |
Giuseppe |
|
|
|
Born in |
(TV) |
on 24/04/1939 |
- Fiscal Code : DLNGPP39D24L407D |
|
|
|
Residence : |
Vicolo |
Rovero |
, 1 |
- 31100 |
|
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
19/04/2010 |
|
|
No Protests registered.
|
|
Sartori |
Silvio |
|
|
|
Born in Belluno |
(BL) |
on 11/09/1941 |
- Fiscal Code : SRTSLV41P11A757J |
|
|
|
Residence : |
Viale |
Dei Mille |
, 15 |
- 31100 |
|
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
19/04/2010 |
|
|
|
Board Chairman |
19/04/2010 |
|
|
No Protests registered.
|
|
Grossi |
Carlo |
|
|
|
Born in |
(CO) |
on 16/01/1956 |
- Fiscal Code : GRSCRL56A16E507F |
|
|
|
Residence : |
Via |
Barberia |
, 11 |
- 40100 |
|
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
19/04/2010 |
|
|
|
Director |
19/04/2010 |
|
|
|
General Director |
27/04/2006 |
|
|
No Protests registered.
|
|
Catterin |
Giuseppe |
|
|
|
Born in |
(TV) |
on 27/10/1942 |
- Fiscal Code : CTTGPP42R27L407H |
|
|
|
Residence : |
Vicolo |
Roma |
, 6 |
- 31020 |
Villorba |
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
12/02/2004 |
|
|
No Protests registered.
|
|
Marchioro |
Andrea |
|
|
|
Born in |
(VA) |
on 03/09/1974 |
- Fiscal Code : MRCNDR74P03L682R |
|
|
|
Residence : |
Via |
Copernico |
, 26 |
- 21100 |
|
(VA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
25/09/2007 |
|
|
No Protests registered.
|
|
Marchesini |
Maurizio |
|
|
|
Born in Valdagno |
(VI) |
on 03/02/1968 |
- Fiscal Code : MRCMRZ68B03L551O |
|
|
|
Residence : |
Via |
Cimabue |
, 1 |
- 36031 |
Dueville |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
30/12/2003 |
|
|
No Protests registered.
|
|
De' Longhi Professional S.a. |
|
|
|
|
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 have
holded positions.
|
|
SARTORI |
SILVIO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
CLIMAVENETA HOME SYSTEM SRL |
|
01736500131 |
Director |
Withdrawn |
Registered |
|
CLIMAVENETA HOME SYSTEM SRL |
|
01736500131 |
Sole Director |
Withdrawn |
Registered |
|
CLIMAVENETA S.P.A. |
|
02205090265 |
Director |
Withdrawn |
Ceased |
|
CLIMAVENETA S.P.A. |
|
02205090265 |
Board Chairman |
Withdrawn |
Ceased |
|
DE' LONGHI GIUSEPPE DI DANILO E
GIUSEPPEDE' LONGHI. -S.N.C. |
|
00177320264 |
Managing
Director |
Withdrawn |
Ceased |
|
DE' LONGHI S.P.A. |
|
11570840154 |
Director |
Active |
Registered |
|
DL RADIATORS S.P.A. |
|
00730970266 |
Director |
Withdrawn |
Registered |
|
|
|
00199160268 |
Director |
Withdrawn |
Ceased |
|
|
|
00199160268 |
Board Chairman |
Withdrawn |
Ceased |
|
ERGOKLIMA S.P.A. |
|
00750770257 |
Director |
Withdrawn |
Ceased |
|
ERGOKLIMA S.P.A. |
|
00750770257 |
Managing
Director |
Withdrawn |
Ceased |
|
ERGOKLIMA S.P.A. |
|
00750770257 |
Board Chairman |
Withdrawn |
Ceased |
|
|
GROSSI |
CARLO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
CLIMAVENETA HOME SYSTEM SRL |
|
01736500131 |
Managing Director
|
Withdrawn |
Registered |
|
CLIMAVENETA HOME SYSTEM SRL |
|
01736500131 |
Director |
Withdrawn |
Registered |
|
CLIMAVENETA S.P.A. |
|
02205090265 |
Director |
Withdrawn |
Ceased |
|
CLIMAVENETA S.P.A. |
|
02205090265 |
Attorney with
special power |
Withdrawn |
Ceased |
|
CLIMAVENETA S.P.A. |
|
02205090265 |
Managing
Director |
Withdrawn |
Ceased |
|
DL RADIATORS S.P.A. |
|
00730970266 |
Managing
Director |
Withdrawn |
Registered |
|
DL RADIATORS S.P.A. |
|
00730970266 |
Director |
Active |
Registered |
|
DL RADIATORS S.P.A. |
|
00730970266 |
Managing
Director |
Withdrawn |
Registered |
|
S.I.M.A. HOLDING S.R.L. |
Crespellano (BO) - IT - |
00283860377 |
Managing
Director |
Withdrawn |
Registered |
|
|
CATTERIN |
GIUSEPPE |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
AIR LINK S.R.L. |
Milano (MI) - IT - |
05970900964 |
Sole Director |
Active |
Registered |
|
ARIAGEL - S.P.A. |
Candiolo (TO) - IT - |
02561850013 |
Director |
Withdrawn |
Ceased |
|
ARIETE S.P.A. |
Campi Bisenzio (FI) - IT - |
11205000158 |
Director |
Withdrawn |
Registered |
|
ARIETE S.P.A. |
Campi Bisenzio (FI) - IT - |
11205000158 |
Director |
Withdrawn |
Registered |
|
CLIMAVENETA S.P.A. |
|
02205090265 |
Attorney with
special power |
Withdrawn |
Ceased |
|
DE' LONGHI S.P.A. |
|
11570840154 |
Attorney with
special power |
Withdrawn |
Registered |
|
IMMOBILIARE FINDOMESTIC S.R.L. |
Milano (MI) - IT - |
01513480069 |
Sole Director |
Withdrawn |
Registered |
|
IMMOBILIARE FINDOMESTIC S.R.L. |
Milano (MI) - IT - |
01513480069 |
Liquidator |
Withdrawn |
Registered |
|
IMMOBILIARE SAN PIETRO S.R.L. |
Milano (MI) - IT - |
05049210585 |
Sole Director |
Active |
Registered |
|
SILE CORPI SCALDANTI - S.R.L. |
Fossalta di Piave (VE) - IT - |
00294030267 |
Attorney with special
power |
Withdrawn |
Ceased |
|
SIMAC VETRELLA S.P.A. |
Gorgo Al Monticano (TV) - IT - |
00857440267 |
Attorney with
special power |
Withdrawn |
Ceased |
|
SOCIETA' NAUTA - S.R.L. |
|
01391720586 |
Sole Director |
Withdrawn |
Registered |
|
|
Milano (MI) - IT - |
06400190960 |
Director |
Active |
Registered |
|
|
MARCHIORO |
ANDREA |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
CLIMAVENETA HOME SYSTEM SRL |
|
01736500131 |
Attorney with
special power |
Withdrawn |
Registered |
|
|
MARCHESINI |
MAURIZIO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
CLIMAVENETA HOME SYSTEM SRL |
|
01736500131 |
Attorney with
special power |
Withdrawn |
Registered |
|
CLIMAVENETA S.P.A. |
|
02205090265 |
Attorney with
special power |
Withdrawn |
Ceased |
Capital Shareholders
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
De' Longhi Professional S.a. |
|
|
|
100,00 |
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 |
|
Abi Energia |
|
07796951007 |
|
|
|
|
Active |
|
Distretto |
Padova - IT - |
03923130284 |
800 .Eur |
3,47 |
|
|
Active |
|
Climaveneta Home System Srl |
|
01736500131 |
|
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 |
|
|
|
|
|
|
Via |
Lodovico Seitz |
, 47 |
- 31100 |
- |
(TV) |
- IT - |
|
|
|
|
PHONE |
: 0424/509500 |
|
|
|
|
FAX |
: 0424/509509 |
|
- |
Branch |
(Factory ) |
since 29/12/2003 |
|
|
|
|
|
Via |
Dell'industria |
, 13 |
- 32010 |
- Pieve d'Alpago |
(BL) |
- IT - |
|
- |
Branch |
(Factory ) |
since 29/12/2003 |
|
|
|
|
|
Via |
Sarson |
, 57/C |
- 36061 |
- Bassano del Grappa |
(VI) |
- IT - |
|
- |
Branch |
(Warehouse ) |
since 30/03/2010 |
|
|
|
|
|
Via |
Duca D'aosta |
, 121 |
- 31030 |
- Carbonera |
(TV) |
- IT - |
|
- |
Branch |
(Warehouse ) |
since 30/03/2010 |
|
|
|
|
|
Via |
Villanova |
, SNC |
- 24057 |
- Martinengo |
(BG) |
- IT - |
|
- |
Branch |
(Factory ) |
since 19/10/2009 |
|
|
|
|
|
Viale |
Del Lavoro |
, 32 |
- 32010 |
- Pieve d'Alpago |
(BL) |
- IT - |
|
|
|
|
Employees |
: 446 |
|
Fittings and Equipment for a value of 11.750.000 |
Eur |
|
Stocks for a value of 9.510.000 |
Eur |
Trade organization: direct or by agents.
Sales area on a national scale.
Historical Information and/or Firm's Status
EX-MEMBERS / EX-POSITIONS:
|
|
De' Longhi |
Giuseppe |
|
|
|
Born in |
on 24/04/1939 |
- Fiscal Code : DLNGPP39D24L407D |
|
|
|
Residence : |
Vicolo |
Rovero |
, 1 |
- 31100 |
|
(TV) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
De' Longhi S.p.a. |
|
|
- Fiscal Code : 11570840154 |
|
|
|
Residence : |
Via |
Lodovico Seitz |
, 47 |
- 31100 |
|
(TV) |
- IT - |
|
Ex-Postions |
|
Sole partner |
|
Sole partner |
|
|
De Longhi |
Giuseppe |
|
|
|
Born in |
on 24/04/1939 |
- Fiscal Code : DLNGPP39D24L407D |
|
|
|
Residence : |
Vicolo |
ROVERO |
, 1 |
- 31100 |
|
(TV) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Sartori |
Silvio |
|
|
|
Born in Belluno |
on 11/09/1941 |
- Fiscal Code : SRTSLV41P11A757J |
|
|
|
Residence : |
Viale |
Dei Mille |
, 15 |
- 31100 |
|
(TV) |
- IT - |
|
Ex-Postions |
|
Director |
|
Board Chairman |
|
|
Melo' |
Dario |
|
|
|
Born in |
on 15/04/1957 |
- Fiscal Code : MLEDRA57D15A944U |
|
|
|
Residence : |
Via |
Hill Read Gu272jp |
Haslemere - Surrery, |
- GB - |
|
Ex-Postions |
|
Director |
|
|
Grossi |
Carlo |
|
|
|
Born in |
on 16/01/1956 |
- Fiscal Code : GRSCRL56A16E507F |
|
|
|
Residence : |
Via |
Barberia |
, 11 |
- 40100 |
|
(BO) |
- IT - |
|
Ex-Postions |
|
Director |
|
General Director |
|
Managing Director |
|
|
Leonardi |
Mario |
|
|
|
Born in San Giorgio di Nogaro |
on 27/05/1944 |
- Fiscal Code : LNRMRA44E27H895E |
|
|
|
Residence : |
Via |
Monte Grappa |
, 470 |
- 32100 |
Belluno |
(BL) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Manzon |
Giovanni |
|
|
|
Born in |
on 22/08/1938 |
- Fiscal Code : MNZGNN38M22D620Y |
|
|
|
Residence : |
Viale |
Trento |
, 14 |
- 31100 |
|
(TV) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Bettiol |
Antonella |
|
|
|
Born in |
on 10/04/1965 |
- Fiscal Code : BTTNNL65D50L407R |
|
|
|
Residence : |
Via |
Castelvecchio |
, 1 |
- 31100 |
|
(TV) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Pricewaterhousecoopers S.p.a. In Breve |
Pwc |
|
- Fiscal Code : 12979880155 |
|
|
|
Residence : |
Viale |
Monte |
, 91 |
- 20149 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
|
|
|
De' Longhi Professional S.a. |
|
|
|
|
Ex-Postions |
|
Sole partner |
|
|
Beraldo |
Stefano |
|
|
|
Born in Venezia |
on 23/03/1957 |
- Fiscal Code : BRLSFN57C23L736P |
|
|
|
Residence : |
Via |
Terraglio |
, 17 |
- 30174 |
Venezia |
(VE) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Spinelli |
Marco |
|
|
|
Born in |
on 21/04/1956 |
- Fiscal Code : SPNMRC56D21C933A |
|
|
|
Residence : |
Via |
Cascina Viola |
, 19 |
- 22100 |
|
(CO) |
- IT - |
|
Ex-Postions |
|
Sole Director |
|
|
De' Longhi |
Fabio |
|
|
|
Born in |
on 24/09/1967 |
- Fiscal Code : DLNFBA67P24L407M |
|
|
|
Residence : |
Via |
Chiesa |
, 20 |
- 31032 |
Casale sul Sile |
(TV) |
- IT - |
|
Ex-Postions |
|
Director |
|
Director |
|
Director |
|
Director |
|
|
De' Longhi Professional S.a. |
|
|
|
|
Ex-Postions |
|
Sole partner |
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of merging by taking over of |
|
|
|
Climaveneta S.p.a. |
|
|
|
Via |
L. Seitz |
, 47 |
, 31100 |
, |
(TV) |
- IT - |
|
|
|
Fiscal Code: 02205090265 |
|
|
|
Date |
Merging/splitting-up project : |
11/12/2003 |
|
|
The firm absorbed by merging of |
|
|
|
Climaveneta S.p.a. |
|
|
|
Via |
L. Seitz |
, 47 |
, 31100 |
, |
(TV) |
- IT - |
|
|
|
Fiscal Code: 02205090265 |
|
|
|
Date |
: |
29/12/2003 |
|
|
The firm absorved |
|
|
|
Climaveneta S.p.a. |
|
|
|
Via |
L. Seitz |
, 47 |
, 31100 |
, |
(TV) |
- IT - |
|
|
|
Fiscal Code: 02205090265 |
|
|
|
Date |
: |
29/12/2003 |
|
|
Project of merging by taking over of |
|
|
|
Climaveneta Home System Srl |
|
|
|
Via |
Lodovico Seitz |
, 47 |
, 31100 |
, |
(TV) |
- IT - |
|
|
|
Fiscal Code: 01736500131 |
|
|
|
Date |
Merging/splitting-up project : |
09/11/2009 |
|
|
The firm absorbed by merging of |
|
|
|
Climaveneta Home System Srl |
|
|
|
Via |
Lodovico Seitz |
, 47 |
, 31100 |
, |
(TV) |
- IT - |
|
|
|
Fiscal Code: 01736500131 |
|
|
|
Date |
: |
30/03/2010 |
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.
Immovables *
*Subject to survey.
|
Immovable Type |
Value |
|
Real estates |
18.533.585 - Eur |
NB.: For Capital Companies the value of the Immovables is the one
reported in the latest available financial documents.
Financial and Economical Analysis
Company's starting of activities dates back to 2003.
The eonomic-financial analysis is based on the latest 3 b/s.
During the last years, it recorded positive net results (r.o.e. 15,16%
in 2009)
The operating result in 2009 was positive (9,67%) and in line with the
sector's average.
The amount of the operating result is equal to Eur. 21.363.677 with no
increase in relation to the financial year 2008.
A gross operating margine for a value of Eur. 23.341.712 was reached. on
the same levels as the previous financial year.
The analysis shows a fair financial position as the indebtedness volume
is acceptable (1,8) but with an increase as against the previous accounting
period.
The management generated equity capital for an amount of Eur. 59.853.334
on the same levels as the year before.
Total indebtedness was equal to Eur. 145.871.523 (Eur. 37.876.134 was
the value of m/l term debts) showing a stable trend as opposed to 2008 (Eur.
151.684.588).
Both financial indebtedness as well as exsposure to suplliers are rated
as fairly high even if it still falls within the sector's average.
Liquid assets are not adequatel to subject's needs.
Trade credits are collected slowly, average term is 136,4 days. , as it
normally happens in the sector.
The financial management generated a cash flow of Eur. 11.037.629.
During 2009 financial year labour costs amounted to Eur. 17.050.445,
with a 16,98% incidence on production costs. , whereas 14,34% is the incidence
on sales revenues.
High incidence of financial charges on turnover.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
118.939.860 |
|
Profit (Loss) for the period |
9.072.995 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
146.892.609 |
|
Profit (Loss) for the period |
5.390.545 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
143.135.334 |
|
Profit (Loss) for the period |
7.529.075 |
|
|
|
Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
120.150.920 |
|
Profit (Loss) for the period |
661.442 |
|
|
|
Complete balance-sheet for the year |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
107.089.674 |
|
Profit (Loss) for the period |
984.014 |
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 |
|
- Balance Sheet as at 31/12/2007 - 12 Mesi - Currency: Eur - Amounts x
1 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
RATIOS |
Value Type |
as at 31/12/2009 |
as at 31/12/2008 |
as at 31/12/2007 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,73 |
0,72 |
0,73 |
0,13 |
|
Elasticity Ratio |
Units |
0,27 |
0,27 |
0,26 |
0,84 |
|
Availability of stock |
Units |
0,04 |
0,05 |
0,05 |
0,19 |
|
Total Liquidity Ratio |
Units |
0,23 |
0,21 |
0,20 |
0,60 |
|
Quick Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,04 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
1,80 |
1,76 |
1,88 |
3,26 |
|
Self Financing Ratio |
Units |
0,27 |
0,25 |
0,22 |
0,18 |
|
Capital protection Ratio |
Units |
0,68 |
0,72 |
0,85 |
0,58 |
|
Liabilities consolidation quotient |
Units |
0,37 |
0,56 |
0,74 |
0,16 |
|
Financing |
Units |
2,44 |
2,71 |
3,27 |
4,02 |
|
Permanent Indebtedness Ratio |
Units |
0,45 |
0,50 |
0,53 |
0,33 |
|
M/L term Debts Ratio |
Units |
0,18 |
0,25 |
0,31 |
0,09 |
|
Net Financial Indebtedness Ratio |
Units |
1,72 |
1,87 |
2,30 |
0,44 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
0,62 |
0,69 |
0,72 |
2,08 |
|
Current ratio |
Units |
0,55 |
0,61 |
0,63 |
1,23 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,46 |
0,49 |
0,49 |
0,94 |
|
Structure's primary quotient |
Units |
0,37 |
0,34 |
0,30 |
1,18 |
|
Treasury's primary quotient |
Units |
0,00 |
0,00 |
0,00 |
0,07 |
|
Rate of indebtedness ( Leverage ) |
% |
369,28 |
395,71 |
452,93 |
550,96 |
|
Current Capital ( net ) |
Value |
-48.365.623 |
-37.920.916 |
-35.323.548 |
343.588 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
9,28 |
5,56 |
6,60 |
3,93 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
15,16 |
9,66 |
14,94 |
9,82 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
26,15 |
22,08 |
27,21 |
30,22 |
|
Return on Investment ( R.O.I. ) |
% |
9,67 |
11,50 |
10,24 |
6,17 |
|
Return/ Sales |
% |
17,96 |
17,28 |
16,33 |
5,29 |
|
Extra Management revenues/charges incid. |
% |
42,47 |
21,23 |
32,19 |
29,80 |
|
Cash Flow |
Value |
11.037.629 |
8.173.998 |
9.454.994 |
125.241 |
|
Operating Profit |
Value |
21.363.677 |
25.389.590 |
23.388.213 |
166.819 |
|
Gross Operating Margin |
Value |
23.341.712 |
28.173.043 |
25.322.787 |
254.305 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
136,40 |
115,02 |
114,62 |
128,37 |
|
Debts to suppliers average term |
Days |
155,79 |
131,07 |
134,49 |
150,11 |
|
Average stock waiting period |
Days |
28,78 |
29,55 |
34,05 |
54,03 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,54 |
0,66 |
0,62 |
1,25 |
|
Rate of stock return |
Units |
12,51 |
12,17 |
10,56 |
6,62 |
|
Labour cost incidence |
% |
14,34 |
12,05 |
12,66 |
18,06 |
|
Net financial revenues/ charges incidence |
% |
- 4,80 |
- 8,89 |
- 7,01 |
- 0,88 |
|
Labour cost on purchasing expenses |
% |
16,98 |
14,18 |
14,78 |
18,63 |
|
Short-term financing charges |
% |
3,92 |
8,61 |
6,08 |
2,15 |
|
Capital on hand |
% |
185,83 |
150,26 |
159,45 |
79,60 |
|
Sales pro employee |
Value |
223.571 |
265.628 |
252.889 |
206.728 |
|
Labour cost pro employee |
Value |
32.049 |
32.020 |
32.032 |
35.507 |
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:
250.000 Eur.
Market / Territory Data
|
Population living in the province |
: |
838.732 |
|
Population living in the region |
: |
4.699.950 |
|
Number of families in the region |
: |
1.813.210 |
Monthly family expences average in the region (in Eur.) :
|
- per food products |
: |
456 |
|
- per non food products |
: |
2.052 |
|
- per energy consume |
: |
127 |
Sector Data
The values are calculated on a base of 1.964 significant companies.
The companies cash their credits on an average of 128 dd.
The average duration of suppliers debts is about 150 dd.
The sector's profitability is on an average of 3,93%.
The labour cost affects the turnover in the measure of 18,06%.
Goods are held in stock in a range of 54 dd.
The difference between the sales volume and the resources used to
realize it is about 1,25.
The employees costs represent the 18,63% of the production costs.
Statistical Detrimental Data
The area is statistically considered lowly risky.
In the region 13.782 protested subjects are found; in the province they
count to 2.280.
The insolvency index for the region is 0,30, , while for the province it
is 0,28.
Total Bankrupt companies in the province : 3.317.
Total Bankrupt companies in the region : 16.714.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.38 |
|
|
1 |
Rs.72.71 |
|
Euro |
1 |
Rs.61.15 |
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.