MIRA INFORM REPORT

 

 

Report Date :

14.06.2011

 

IDENTIFICATION DETAILS

 

Name :

O.M.P.A.R. S.R.L.

 

 

Registered Office :

 

Via A. Rossi,26

36057- Arcugnano (VI)

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

27.07.1982

 

 

Com. Reg. No.:

VI116-13999 since 19/02/1996

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of optical elements and optical precision instruments

 

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 :

70.000 - Eur

 

 

Status :

Satisfactory

 

 

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

 

Name and address

 

O.m.p.a.r. S.r.l.

 

Via A. Rossi,26

36057- Arcugnano(VI)-IT-

 

 

Summary

 

Fiscal Code

:

01473640249

Legal Form

:

Limited liability company

start of Activities

:

27/07/1982

Equity

:

1.500.000 Eur

Turnover Range

:

2.000.000/2.250.000 Eur

Number of Employees

:

from 16 to 25

 

 

Credit Analysis

 

Credit Opinion

:

70.000 - Eur

 

 

Activity

 

Manufacture of optical elements and optical precision instruments

 

Legal Data

 

Legal Form : Limited liability company

Fiscal Code : 01473640249

 

Foreign Trade Reg. no. : VI011648 since 13/12/1991

 

Foreign Trade Reg. no. : 011648 of Vicenza since 13/12/1991

 

Chamber of Commerce no. : 167049 of Vicenza since 07/09/1982

 

Firms' Register : VI116-13999 since 19/02/1996

 

V.A.T. Code : 01473640249

 

Establishment date

: 27/07/1982

Start of Activities

: 27/07/1982

Legal duration

: 31/12/2020

Nominal Capital

: 312.000

Eur

Subscribed Capital

: 312.000

Eur

Paid up Capital

: 312.000

Eur

 

Members

 

 

Adda

Roberto

 

 

 

Born in Arcugnano

(VI)

on 13/10/1935

- Fiscal Code : DDARRT35R13A377K

 

Position

Since

Shares Amount

% Ownership

Chairman

 

 

 

Director

30/06/1998

 

 

 

 

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.

 

 

ADDA

ROBERTO

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

OFFICINA MECCANICA PRECISIONE ADDA ROBERTO O.M.P.A.R. DI ADDA ROBERTO

Arcugnano (VI) - IT -

DDARRT35R13A377K

Proprietor

Withdrawn

Ceased

 

Capital Shareholders

 

Shareholders' list as at date of data collection:

 

Firm's Style / Name

Seat / Residence

Fiscal Code

Owned Shares

% Ownership

ADDA MICHELE

 

DDAMHL67B23L840N

312.000 .Eur

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

ARTIGIANEXPORT

 

01758550246

 

 

 

 

Active



Firm's location and structure

 

In order to carry out its activities the firm uses the following locations:

 

-

Legal and operative seat

(Factory )

 

 

 

 

 

Via

A. Rossi

, 26

- 36057

- Arcugnano

(VI)

- IT -

 

 

 

 

PHONE

: 0444/240545

 

 

 

 

Employees

: 25

 

Fittings and Equipment for a value of 69.000

Eur

 

Stocks for a value of 900.000

Eur

 

 

The firm operates abroad as exporter. .

Export represents from 20% to 50% of the global turnover.

Products abroad are placed by :

- importers

 

- its own agents

 

- direct orders from foreign companies

 

Export is mainly towards:

 

 

 

Historical Information and/or Firm's Status

 

CHANGES TO THE LEGAL FORM:

 

Former legal form

New legal form

Changement Date

Joint stock company

Limited liability company

06/12/1990

 

EX-MEMBERS / EX-POSITIONS:

 

 

Petracca

Fernando

 

 

 

Born in Thiene

on 02/09/1941

- Fiscal Code : PTRFNN41P02L157P

 

 

 

Residence :

Via

Tevere

, 22

- 36016

Thiene

(VI)

- IT -

 

Ex-Postions

Permanent Auditor

 

 

Brusaterra

Luigi

 

 

 

Born in Thiene

on 28/08/1940

- Fiscal Code : BRSLGU40M28L157A

 

 

 

Residence :

Corso

GARIBALDI

, 4

- 36016

Thiene

(VI)

- IT -

 

Ex-Postions

Temporary Auditor

 

 

Fabris

Clementina

 

 

 

Born in Schio

on 03/04/1961

- Fiscal Code : FBRCMN61D43I531J

 

 

 

Residence :

Via

Villa Beltrame, 59/a

- 36015

Schio

(VI)

- IT -

 

Ex-Postions

Temporary Auditor

 

 

Galla

Mariano

 

 

 

Born in Vittorio Veneto

on 06/10/1924

- Fiscal Code : GLLMRN24R06M089H

 

Ex-Postions

Chairman of the Board of Aud.

 

 

Ferla

Ernesto

 

 

 

Born in Palermo

on 25/03/1937

- Fiscal Code : FRLRST37C25G273L

 

 

 

Residence :

Via

Masenello

, 3/5

- 36025

Noventa Vicentina

(VI)

- IT -

 

Ex-Postions

Permanent Auditor

 

 

MARCHESIN

GIULIANA SERENA

 

 

 

Born in ARCUGNANO

on 13/11/1938

- Fiscal Code : MRCGNS38S53A377Y

 

Ex-Postions

Vice-Chairman

Director

 

 

ADDA

MICHELE

 

 

 

Born in VICENZA

on 23/02/1967

- Fiscal Code : DDAMHL67B23L840N

 

Ex-Postions

Managing Director

Director

 

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.



Financial and Economical Analysis

 

Company's starting of activities dates back to 1982.

The eonomic-financial analysis is based on the latest 3 b/s.

Unstable economic results mark the company's financial state of affairs. with a loss in the last financial year. The turnover is falling if compared with the previous financial year (EFAT1E%).

The operating result is negative.

The operating loss is equal to Eur. -35.056.

The economic management produced a gross operating margin of Eur. 98.242 showing an upward trend if compared to 2008.

Very good financial situation: shareholder's equity covers short-terms debts with an indebtedness level equal to 0,54 which is yet rising if compared to 2008.

The equity capital is equal to Eur. 1.448.695 , unchanged as opposed to the preceding year.

Eur. 830.180 is the amount of total debts, both commercial and of different nature, on the same levels as the year before.

The company does not exceed in bank credits; payments average period is instead slightly high (100,76 gg.) anyway better than the field's average.

Liquidity is good (2,13)

As far as the collection of credit goes, the average is high (126,62 days). , as it normally happens in the sector.

The financial management generated a cash flow of Eur. 72.092.

Subordinate employment cost is of Eur. 1.086.445, i.e. 38,45% on total production costs. , with a 50,72% incidence on turnover.

The incidence of the financial charges is of -0,56% on the sales amount.

 

Financial Data

 

 

 

Complete balance-sheet for the year

31/12/2009

(in Eur

x 1 )

 

Item Type

Value

Sales

2.142.066

Profit (Loss) for the period

-61.206

 

 

 

Complete balance-sheet for the year

31/12/2008

(in Eur

x 1 )

 

Item Type

Value

Sales

2.397.041

Profit (Loss) for the period

-174.116

 

 

 

Complete balance-sheet for the year

31/12/2007

(in Eur

x 1 )

 

Item Type

Value

Sales

2.717.569

Profit (Loss) for the period

3.180

 

 

 

Complete balance-sheet for the year

31/12/2006

(in Eur

x 1 )

 

Item Type

Value

Sales

2.707.352

Profit (Loss) for the period

15.484

 

 

 

Complete balance-sheet for the year

31/12/2005

(in Eur

x 1 )

 

Item Type

Value

Sales

2.624.829

Profit (Loss) for the period

16.780

 

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

 

Years

2009

2008

2007

BALANCE SHEET ACCOUNTS

 

ASSETS

 

 

 

CREDITS VS PARTNERS

 

 

 

. Deposits not yet withdrawn

 

 

 

. Deposits already withdrawn

 

 

 

Total credits vs partners

 

 

 

FIXED ASSETS

 

 

 

. INTANGIBLE FIXED ASSETS

 

 

 

. . Start-up and expansion expenses

 

 

 

. . Research,develop. and advert.expens.

 

 

 

. . Industrial patent rights

68.296

93.053

 

. . Concessions,licenses,trademarks,etc.

20.392

 

 

. . Goodwill

 

 

 

. . Assets in formation and advance paymen.

 

 

 

. . Other intangible fixed assets

 

 

 

. Total Intangible Fixed Assets

88.688

93.053

57.758

. TANGIBLE FIXED ASSETS

 

 

 

. . Real estate

1.212.817

1.286.239

 

. . Plant and machinery

66.476

85.073

 

. . Industrial and commercial equipment

2.895

2.895

 

. . Other assets

28.339

38.138

 

. . Assets under construction and advances

 

 

 

. Total Tangible fixed assets

1.310.527

1.412.345

297.343

. FINANCIAL FIXED ASSETS

 

 

 

. . Equity investments

 

 

 

. . . Equity invest. in subsidiary companies

 

 

 

. . . Equity invest. in associated companies

 

 

 

. . . Equity invest. in holding companies

 

 

 

. . . Equity invest. in other companies

 

 

 

. . Financial receivables

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . . Receivab due from subsidiaries

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . . Receivables due from assoc.comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . . Receivables due from holding comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . . Receivables due from third parties

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Other securities

 

 

 

. . Own shares

 

 

 

. . . Total nominal value

 

 

 

. Total financial fixed assets

 

 

 

Total fixed assets

1.399.215

1.505.398

355.101

CURRENT ASSETS

 

 

 

. INVENTORIES

 

 

 

. . Raw materials and other consumables

 

 

 

. . Work in progress and semimanufactured

 

 

 

. . Work in progress on order

 

 

 

. . Finished goods

 

 

 

. . Advance payments

 

 

 

. Total Inventories

904.624

857.481

992.739

. CREDITS NOT HELD AS FIXED ASSETS

 

 

 

. . Within 12 months

814.781

512.184

559.080

. . Beyond 12 months

 

 

 

. . Trade receivables

753.422

425.670

 

. . . . Within 12 months

753.422

425.670

 

. . . . Beyond 12 months

 

 

 

. . Receivables due from subsid. comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Receivables due from assoc. comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Receivables due from holding comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Fiscal Receivables

30.787

25.330

 

. . . . Within 12 months

30.787

25.330

 

. . . . Beyond 12 months

 

 

 

. . Receivables for anticipated taxes

276

566

 

. . . . Within 12 months

276

566

 

. . . . Beyond 12 months

 

 

 

. . Receivables due from third parties

30.296

60.618

 

. . . . Within 12 months

30.296

60.618

 

. . . . Beyond 12 months

 

 

 

. Total Credits not held as fixed assets

814.781

512.184

559.080

. FINANCIAL ASSETS

 

 

 

. . Equity invest. in subsidiary comp.

 

 

 

. . Equity invest. in associated companies

 

 

 

. . Equity invest. in holding companies

 

 

 

. . Other equity investments

 

 

 

. . Own shares

 

 

 

. . . Total nominale value

 

 

 

. . Other securities

 

 

 

. Total Financial Assets

2.391

2.091

3.998

. LIQUID FUNDS

 

 

 

. . Bank and post office deposits

 

 

 

. . Checks

 

 

 

. . Banknotes and coins

 

 

 

. Total Liquid funds

49.432

268.853

320.779

Total current assets

1.771.228

1.640.609

1.876.596

ADJUSTMENT ACCOUNTS

 

 

 

. Discount on loans

 

 

 

. Other adjustment accounts

7.096

9.162

3.050

Total adjustments accounts

7.096

9.162

3.050

TOTAL ASSETS

3.177.539

3.155.169

2.234.747

 

 

 

 

LIABILITIES

 

 

 

STOCKHOLDERS' EQUITY

 

 

 

. Capital stock

312.000

312.000

312.000

. Additional paid-in capital

 

 

 

. Revaluation reserves

770.991

770.991

 

. Legal reserve

70.039

70.039

70.039

. Reserve for Own shares

 

 

 

. Statute reserves

 

 

 

. Other reserves

356.871

531.430

528.191

. Accumulated Profits (Losses)

 

 

 

. Profit( loss) of the year

-61.206

-174.116

3.180

. Advances on dividends

 

 

 

. Partial loss of the year Coverage

 

 

 

Total Stockholders'Equity

1.448.695

1.510.344

913.410

RESERVES FOR RISKS AND CHARGES

 

 

 

. . Reserve for employee termination indem.

 

 

 

. . Taxation fund, also differed

 

 

 

. . Other funds

 

 

 

Total Reserves for Risks and Charges

365.258

377.903

20.000

Employee termination indemnities

459.461

431.900

380.831

ACCOUNTS PAYABLE

 

 

 

. . . . Within 12 months

830.180

539.282

627.987

. . . . Beyond 12 months

 

214.236

214.236

. . Bonds

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Convertible bonds repayable

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to shareholders for financing

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to banks

228.821

 

 

. . . . Within 12 months

228.821

 

 

. . . . Beyond 12 months

 

 

 

. . Due to other providers of finance

 

218.059

 

. . . . Within 12 months

 

3.823

 

. . . . Beyond 12 months

 

214.236

 

. . Advances from customers

15.880

50.017

 

. . . . Within 12 months

15.880

50.017

 

. . . . Beyond 12 months

 

 

 

. . Trade payables

404.301

297.260

 

. . . . Within 12 months

404.301

297.260

 

. . . . Beyond 12 months

 

 

 

. . Securities issued

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to subsidiary companies

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to associated companies

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to holding companies

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to the tax authorities

47.471

50.563

 

. . . . Within 12 months

47.471

50.563

 

. . . . Beyond 12 months

 

 

 

. . Due to social security and welfare inst.

40.397

50.316

 

. . . . Within 12 months

40.397

50.316

 

. . . . Beyond 12 months

 

 

 

. . Other payables

93.310

87.303

 

. . . . Within 12 months

93.310

87.303

 

. . . . Beyond 12 months

 

 

 

Total accounts payable

830.180

753.518

842.223

ADJUSTMENT ACCOUNTS

 

 

 

. Agio on loans

 

 

 

. Other adjustment accounts

73.945

81.504

78.283

Total adjustment accounts

73.945

81.504

78.283

TOTAL LIABILITIES

3.177.539

3.155.169

2.234.747

 

 

 

 

 

 

MEMORANDUM ACCOUNTS

 

Third party goods

 

 

 

Investment accounts

 

 

 

Risk accounts

 

 

 

Civil and fiscal norms relation

 

 

 

 

 

 

 

 

 

PROFIT AND LOSS ACCOUNTS

 

VALUE OF PRODUCTION

 

 

 

. Revenues from sales and services

2.142.066

2.397.041

2.717.569

. Changes in work in progress

190.088

-122.313

46.437

. Changes in semi-manufact. products

 

 

 

. Capitalization of internal work

 

 

 

. Other income and revenues

458.254

39.432

11.455

. . Contributions for operating expenses

4.108

29.192

 

. . Different income and revenues

454.146

10.240

11.455

Total value of production

2.790.408

2.314.160

2.775.461

PRODUCTION COSTS

 

 

 

. Raw material,other materials and consum.

874.997

713.688

801.494

. Services received

525.553

593.964

611.955

. Leases and rentals

43.940

31.797

28.951

. Payroll and related costs

1.086.445

994.337

1.176.636

. . Wages and salaries

763.801

699.836

861.649

. . Social security contributions

260.047

233.867

249.307

. . Employee termination indemnities

61.103

58.648

61.883

. . Pension and similar

 

 

 

. . Other costs

1.494

1.986

3.797

. Amortization and depreciation

133.298

71.317

66.754

. . Amortization of intangible fixed assets

22.554

17.664

11.706

. . Amortization of tangible fixed assets

104.442

51.514

52.567

. . Depreciation of tangible fixed assets

 

 

 

. . Writedown of current receiv.and of liquid

6.302

2.139

2.481

. Changes in raw materials

142.945

12.945

-15.478

. Provisions to risk reserves

 

 

 

. Other provisions

 

 

 

. Other operating costs

18.286

18.494

8.353

Total production costs

2.825.464

2.436.542

2.678.665

Diff. between value and cost of product.

-35.056

-122.382

96.796

FINANCIAL INCOME AND EXPENSE

 

 

 

. Income from equity investments

 

 

 

. . In subsidiary companies

 

 

 

. . In associated companies

 

 

 

. . In other companies

 

 

 

. Other financial income

393

4.338

4.311

. . Financ.income from receivables

 

 

 

. . . Towards subsidiary companies

 

 

 

. . . Towards associated companies

 

 

 

. . . Towards holding companies

 

 

 

. . . Towards other companies

 

 

 

. . Financ.income from secur. t.f.assets

 

 

 

. . Financ.income from secur. cur.assets

 

 

 

. . Financ.income other than the above

393

4.338

4.311

. . . - Subsidiary companies

 

 

 

. . . - Associated companies

 

 

 

. . . - Holding companies

 

 

 

. . . - Other companies

 

 

 

. Interest and other financial expense

-12.291

8.957

-45.681

. . Towards subsidiary companies

 

 

 

. . Towards associated companies

 

 

 

. . Towards holding companies

 

 

 

. . Towards other companies

 

 

 

Total financial income and expense

-11.898

13.295

-41.370

ADJUSTMENTS TO FINANCIAL ASSETS

 

 

 

. Revaluations

 

 

 

. . Of equity investments

 

 

 

. . Of financ.fixed assets not repres.E.I.

 

 

 

. . Of securities incl.among current assets

 

 

 

. Devaluation

 

 

 

. . Of equity investments

 

 

 

. . Of financial fixed assets (no equity inv)

 

 

 

. . Of securities included among current ass

 

 

 

Total adjustments to financial assets

 

 

 

EXTRAORDINARY INCOME AND EXPENSE

 

 

 

. Extraordinary income

 

549

 

. . Gains on disposals

 

 

 

. . Other extraordinary income

 

549

 

. Extraordinary expense

 

-39.319

 

. . Losses on disposals

 

 

 

. . Taxes relating to prior years

 

 

 

. . Other extraordinary expense

 

-39.319

 

Total extraordinary income and expense

 

-38.770

 

Results before income taxes

-46.954

-147.857

55.426

. Taxes on current income

14.252

26.259

52.246

. . current taxes

31.608

 

 

. . differed taxes(anticip.)

-17.356

 

 

. Net income for the period

-61.206

-174.116

3.180

. Adjustments in tax regulations pursuance

 

 

 

. Provisions in tax regulations pursuance

 

 

 

. Profit (loss) of the year

-61.206

-174.116

3.180

 

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

0,44

0,48

0,15

0,17

Elasticity Ratio

Units

0,56

0,52

0,83

0,82

Availability of stock

Units

0,28

0,27

0,44

0,19

Total Liquidity Ratio

Units

0,27

0,25

0,39

0,60

Quick Ratio

Units

0,02

0,09

0,14

0,04

COMPOSITION ON SOURCE

 

 

 

 

 

Net Short-term indebtedness

Units

0,54

0,18

0,33

2,06

Self Financing Ratio

Units

0,46

0,48

0,40

0,21

Capital protection Ratio

Units

0,83

0,91

0,65

0,58

Liabilities consolidation quotient

Units

0,55

1,20

0,94

0,25

Financing

Units

0,57

0,50

0,92

3,11

Permanent Indebtedness Ratio

Units

0,60

0,68

0,67

0,41

M/L term Debts Ratio

Units

0,14

0,20

0,26

0,13

Net Financial Indebtedness Ratio

Units

0,12

0,00

n.c.

0,22

CORRELATION

 

 

 

 

 

Fixed assets ratio

Units

1,36

1,43

4,24

2,27

Current ratio

Units

2,13

3,04

2,98

1,41

Acid Test Ratio-Liquidity Ratio

Units

1,04

1,45

1,40

1,08

Structure's primary quotient

Units

1,04

1,00

2,57

1,37

Treasury's primary quotient

Units

0,06

0,50

0,51

0,07

Rate of indebtedness ( Leverage )

%

219,34

208,90

244,65

456,73

Current Capital ( net )

Value

941.048

1.101.327

1.248.609

469.162

RETURN

 

 

 

 

 

Return on Sales

%

3,37

- 4,29

2,57

4,33

Return on Equity - Net- ( R.O.E. )

%

- 4,22

- 11,53

0,34

7,27

Return on Equity - Gross - ( R.O.E. )

%

- 3,24

- 9,79

6,06

25,92

Return on Investment ( R.O.I. )

%

- 1,10

- 3,88

4,33

6,61

Return/ Sales

%

- 1,64

- 5,11

3,56

6,14

Extra Management revenues/charges incid.

%

n.c.

n.c.

3,28

28,59

Cash Flow

Value

72.092

-102.799

69.934

112.552

Operating Profit

Value

-35.056

-122.382

96.796

138.239

Gross Operating Margin

Value

98.242

-51.065

163.550

235.839

MANAGEMENT

 

 

 

 

 

Credits to clients average term

Days

126,62

63,93

74,05

138,70

Debts to suppliers average term

Days

100,76

79,89

130,00

144,93

Average stock waiting period

Days

152,03

128,78

131,50

50,07

Rate of capital employed return ( Turnover )

Units

0,67

0,76

1,21

1,18

Rate of stock return

Units

2,37

2,80

2,73

7,18

Labour cost incidence

%

50,72

41,48

43,29

20,68

Net financial revenues/ charges incidence

%

- 0,56

0,55

- 1,52

- 0,98

Labour cost on purchasing expenses

%

38,45

40,81

43,92

22,74

Short-term financing charges

%

1,48

n.c.

5,42

2,61

Capital on hand

%

148,34

131,63

82,23

84,40

Sales pro employee

Value

64.911

77.323

73.447

172.650

Labour cost pro employee

Value

32.922

32.075

31.800

36.462

 

 

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:

 

70.000   Eur.

 

Market / Territory Data

 

Population living in the province

:

831.356

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 147 significant companies.

 

The companies cash their credits on an average of 138 dd.

The average duration of suppliers debts is about 144 dd.

The sector's profitability is on an average of 4,33%.

The labour cost affects the turnover in the measure of 20,68%.

Goods are held in stock in a range of 50 dd.

The difference between the sales volume and the resources used to realize it is about 1,18.

The employees costs represent the 22,74% 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 2.234.

The insolvency index for the region is 0,30, , while for the province it is 0,27.

Total Bankrupt companies in the province : 2.546.

Total Bankrupt companies in the region : 16.714.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.87

UK Pound

1

Rs.72.83

Euro

1

Rs.64.37

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.