MIRA
INFORM REPORT
|
Report Date : |
17.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
GROTTO S.P.A. |
|
|
|
|
Registered Office : |
Via Ponte Dei Granatieri,4 36010- Chiuppano(VI) |
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Country : |
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|
|
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
10.03.1983 |
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|
|
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Com. Reg. No.: |
VI116-14314 since 19/02/1996 |
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|
|
|
Legal Form : |
Joint Stock Company With Sole Shareholder |
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|
|
Line of Business : |
Manufacture of other outerwear |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
90.000 - Eur |
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|
|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Unknown |
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
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
Grotto S.p.a.
Via Ponte Dei Granatieri,4
36010- Chiuppano(VI)-IT-
Summary
|
Fiscal Code |
: |
01516660246 |
|
Legal Form |
: |
Joint stock company with sole shareholder |
|
start of Activities |
: |
10/03/1983 |
|
Equity |
: |
Over 2.582.254 Eur |
|
|
: |
100.000.000/150.000.000 Eur |
|
Number of Employees |
: |
from 251 to 500 |
Credit Analysis
|
Credit Opinion |
: |
90.000 - Eur |
Highlights
|
The company was founded by Claudio Grotto in the early 1970s. Today it
|
|
operates sales in more than 56 countries with more than 3,000 stores. |
|
Trade mark: GAS. |
|
The company started a reorganization process, whose results will be
seen at the |
|
end of 2010. |
|
We suggest a limited credit line and to follow further developments. |
Activity
Manufacture of other outerwear
Wholesale of clothing and accessories
Retail sale of clothing in specialised stores
Legal Data
Legal Form : Joint stock company with sole shareholder
|
Fiscal Code : 01516660246 |
|
Foreign Trade Reg. no. : VI028717 since 09/03/1992 |
|
Chamber of Commerce no. : 210879 of |
|
Chamber of Commerce no. : 480889 of |
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Chamber of Commerce no. : 520471 of |
|
Chamber of Commerce no. : 400610 of |
|
Chamber of Commerce no. : 505035 of |
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Chamber of Commerce no. : 569543 of |
|
Chamber of Commerce no. : 398070 of Genova |
|
Chamber of Commerce no. : 68957 of Gorizia |
|
Chamber of Commerce no. : 1710274 of Milano |
|
Chamber of Commerce no. : 336719 of Padova since 08/01/2003 |
|
Chamber of Commerce no. : 245471 of |
|
Chamber of Commerce no. : 1243216 of Roma |
|
Chamber of Commerce no. : 390004 of |
|
Chamber of Commerce no. : 169254 of |
|
Chamber of Commerce no. : 123967 of |
|
Chamber of Commerce no. : 329831 of |
|
Chamber of Commerce no. : 323534 of |
|
Chamber of Commerce no. : 343377 of Venezia |
|
Chamber of Commerce no. : 168861 of |
|
Chamber of Commerce no. : 367780 of |
|
Firms' Register : VI116-14314 since 19/02/1996 |
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V.A.T. Code : 01516660246 |
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Foundation date |
: 16/12/1982 |
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|
Establishment date |
: 16/12/1982 |
|
|
Start of Activities |
: 10/03/1983 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 3.601.000 |
Eur |
|
Subscribed Capital |
: 3.601.000 |
Eur |
|
Paid up Capital |
: 3.601.000 |
Eur |
Members
|
|
Grotto |
Claudio |
|
|
|
Born in Piovene Rocchette |
(VI) |
on 08/02/1948 |
- Fiscal Code : GRTCLD48B08G694A |
|
|
|
Residence : |
Via |
Monte Toraro |
, 15 |
- 36013 |
Piovene Rocchette |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/06/2009 |
|
|
|
Memb.of the Executive Committee |
29/06/2009 |
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|
|
Board Chairman |
29/06/2009 |
|
|
|
|
No Protests registered |
|
|
Grotto |
Giuseppe |
|
|
|
Born in Piovene Rocchette |
(VI) |
on 18/01/1951 |
- Fiscal Code : GRTGPP51A18G694O |
|
|
|
Residence : |
Via |
Divisione Julia |
, 6 |
- 36010 |
Chiuppano |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/06/2009 |
|
|
|
Memb.of the Executive Committee |
29/06/2009 |
|
|
|
|
No Protests registered |
|
|
Grotto |
Roberto |
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|
|
Born in Piovene Rocchette |
(VI) |
on 27/11/1958 |
- Fiscal Code : GRTRRT58S27G694Z |
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|
|
Residence : |
Via |
G. Matteotti |
, 48 |
- 36010 |
Chiuppano |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/06/2009 |
|
|
|
Assistant board Chairman |
29/06/2009 |
|
|
|
Memb.of the Executive Committee |
29/06/2009 |
|
|
|
|
No Protests registered |
|
|
Grotto |
Barbara |
|
|
|
Born in Schio |
(VI) |
on 17/01/1974 |
- Fiscal Code : GRTBBR74A57I531C |
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|
|
Residence : |
Via |
Costo |
, 51 |
- 36010 |
Chiuppano |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/06/2009 |
|
|
|
|
No Protests registered |
|
|
Basso |
Sebastiano |
|
|
|
Born in Valdagno |
(VI) |
on 19/09/1958 |
- Fiscal Code : BSSSST58P19L551Y |
|
|
|
Residence : |
Via |
Don F. Regretti |
, 1 |
- 36078 |
Valdagno |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
11/03/2008 |
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|
|
|
No Protests registered |
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|
Luna S.r.l. |
|
|
|
|
|
|
Residence : |
Via |
Ponte Dei Granatieri |
, 4 |
- 36010 |
Chiuppano |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
|
|
|
|
|
No Protests registered |
|
|
Scarpetti |
Franco Andrea |
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|
|
Born in Milano |
(MI) |
on 01/06/1971 |
- Fiscal Code : SCRFNC71H01F205D |
|
|
|
Residence : |
Via |
Arzignano |
, 7 |
- 36100 |
|
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
22/01/2008 |
|
|
|
|
No Protests registered |
|
|
Zuccato |
Antonella |
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|
|
Born in Schio |
(VI) |
on 11/07/1961 |
- Fiscal Code : ZCCNNL61L51I531T |
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|
|
Residence : |
Via |
Roma |
, 20/B |
- 36014 |
Santorso |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
30/12/2008 |
|
|
|
|
No Protests registered |
Companies connected to members *
*checkings have been performed on a national scale.
In this module are listed the companies in which members hold or have
holded positions.
|
|
GROTTO |
CLAUDIO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
E - MAIL GROUP S.R.L. |
Marcon (VE) - IT - |
02987920275 |
Assistant board
Chairman |
Withdrawn |
Ceased |
|
EXAGON - S.R.L. - UNIPERSONALE |
Chiuppano (VI) - IT - |
01902620242 |
Managing
Director |
Active |
Registered |
|
G. E G. S.R.L. |
|
02956250241 |
Sole Director |
Active |
Registered |
|
GIRO S.R.L. - UNIPERSONALE |
Chiuppano (VI) - IT - |
01579510247 |
Sole partner |
Withdrawn |
Ceased |
|
GROTTO CLAUDIO |
Piovene Rocchette (VI) - IT - |
GRTCLD48B08G694A |
Proprietor |
Withdrawn |
Ceased |
|
LUNA S.R.L. |
Chiuppano (VI) - IT - |
03672330283 |
Director |
Active |
Registered |
|
LUNA S.R.L. |
Chiuppano (VI) - IT - |
03672330283 |
Board Chairman |
Active |
Registered |
|
M.V. S.R.L. |
|
03255290243 |
Director |
Withdrawn |
Registered |
|
ROMBO INTERNATIONAL LTD |
Tsimshatsui, |
|
Director |
Withdrawn |
Registered |
|
ROMBO S.R.L. |
|
01588100246 |
Chairman |
Withdrawn |
Ceased |
|
|
GROTTO |
ROBERTO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
ARCHEO S.R.L. |
|
|
Managing
Director |
Withdrawn |
Registered |
|
ARCHEO S.R.L. |
Chiuppano (VI) - IT - |
02717470245 |
Managing
Director |
Active |
Registered |
|
ARCHEO S.R.L. |
Chiuppano (VI) - IT - |
02717470245 |
Director |
Active |
Registered |
|
EXAGON - S.R.L. - UNIPERSONALE |
Chiuppano (VI) - IT - |
01902620242 |
Vice-Chairman |
Active |
Registered |
|
EXAGON - S.R.L. - UNIPERSONALE |
Chiuppano (VI) - IT - |
01902620242 |
Managing
Director |
Active |
Registered |
|
GROTTO ROBERTO |
Piovene Rocchette (VI) - IT - |
GRTRRT58S27G694Z |
Proprietor |
Withdrawn |
Ceased |
|
LUNA S.R.L. |
Chiuppano (VI) - IT - |
03672330283 |
Director |
Active |
Registered |
|
ROMBO INTERNATIONAL LTD |
Tsimshatsui, |
|
Managing
Director |
Withdrawn |
Registered |
|
ROMBO S.R.L. |
|
01588100246 |
Vice-Chairman |
Withdrawn |
Ceased |
|
ROMBO S.R.L. |
|
01588100246 |
Managing
Director |
Withdrawn |
Ceased |
|
|
BASSO |
SEBASTIANO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
|
Milano (MI) - IT - |
00166580241 |
Procurator |
Withdrawn |
Registered |
|
MARLY'S CONFEZIONI S.P.A. UNIPERSONALE |
Arzignano (VI) - IT - |
12630980154 |
Director |
Active |
Registered |
|
VALENTINO FASHION GROUP SPA |
Milano (MI) - IT - |
04740370962 |
Procurator |
Withdrawn |
Ceased |
|
VALENTINO S.P.A. |
Milano (MI) - IT - |
05412951005 |
Procurator |
Withdrawn |
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 |
|
Luna S.r.l. |
Chiuppano - IT - |
03672330283 |
3.601.000 .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 |
|
M.v. S.r.l. |
|
03255290243 |
36.425 .Eur |
3,12 |
|
|
Active |
|
Exagon - S.r.l. - Unipersonale |
Chiuppano - IT - |
01902620242 |
52.000 .Eur |
100,00 |
|
|
Active |
|
E - Mail Group S.r.l. |
Marcon - IT - |
02987920275 |
52.000 .Eur |
100,00 |
|
|
Ceased |
|
Mfs S.r.l. In Liquidazione |
|
05634750482 |
10.000 .Eur |
100,00 |
|
|
Ceased |
Firm's location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
since 02/03/1992 |
|
|
|
|
|
Via |
Ponte Dei Granatieri |
, 4 |
- 36010 |
- Chiuppano |
(VI) |
- IT - |
|
|
|
|
PHONE |
: 0445/869600 |
|
|
|
|
PHONE |
: 0445/894000 |
|
|
|
|
FAX |
: 0445/894999 |
|
|
|
|
Email |
: info@gasjeans.it |
|
|
|
|
Website |
: WWW.GASJEANS.IT |
|
- |
Branch |
(Shop ) |
since 15/10/2008 |
|
|
|
|
|
Via |
Cappello |
, 30 |
- 37100 |
- |
(VR) |
- IT - |
|
|
|
|
Trading Style: GAS |
|
|
|
|
Total Surface: 40 Sq.mt. |
|
- |
Branch |
(Shop ) |
since 11/01/2008 |
|
|
|
|
|
Via |
Mazzini |
, 30 |
- 34100 |
- |
(TS) |
- IT - |
|
|
|
|
Trading Style: GAS |
|
|
|
|
Total Surface: 200 Sq.mt. |
|
- |
Branch |
(Shop ) |
since 10/10/2007 |
|
|
|
|
|
Piazza |
Cinque Giornate |
, 1/A |
- 20100 |
- Milano |
(MI) |
- IT - |
|
- |
Branch |
(Shop ) |
since 15/10/2008 |
|
|
|
|
|
Piazzale |
Cantore Antonio |
, 12 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
- |
Branch |
|
since 05/10/2002 |
|
|
|
|
|
Via |
Roma |
, 32 |
- 35100 |
- Padova |
(PD) |
- IT - |
|
|
|
|
Trading Style: GAS |
|
|
|
|
Total Surface: 200 Sq.mt. |
|
- |
Branch |
(Sales department ) |
since 23/10/2002 |
|
|
|
|
|
Via |
Tortona |
, 27 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
- |
Branch |
(Store ) |
since 01/09/2003 |
|
|
|
|
|
Via |
Ponte Dei Granatieri |
, 6 |
- 36010 |
- Chiuppano |
(VI) |
- IT - |
|
- |
Branch |
(Shop ) |
since 01/09/2003 |
|
|
|
|
|
Corso |
Di Porta Ticinese |
, 53 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
|
|
|
Trading Style: GAS |
|
|
|
|
Total Surface: 245 Sq.mt. |
|
- |
Branch |
(Shop ) |
since 14/11/2007 |
|
|
|
|
|
Via |
Calmaggiore |
, 32 |
- 31100 |
- |
(TV) |
- IT - |
|
|
|
|
Total Surface: 130 Sq.mt. |
|
- |
Branch |
(Shop ) |
since 24/04/2008 |
|
|
|
|
|
Calli Del Lovo |
, 4774 Loc. SAN MARCO |
- 30100 |
- Venezia |
(VE) |
- IT - |
|
|
|
|
Total Surface: 211 Sq.mt. |
|
- |
Branch |
(Shop ) |
since 17/02/2009 |
|
|
|
|
|
Corso |
Magenta |
, 2 |
- 25100 |
- |
(BS) |
- IT - |
|
|
|
|
Total Surface: 18 Sq.mt. |
|
- |
Branch |
(Shop ) |
since 06/08/2009 |
|
|
|
|
|
Via |
Noicattaro |
, 2 |
- 70010 |
- Casamassima |
(BA) |
- IT - |
|
|
|
|
Total Surface: 37 Sq.mt. |
|
- |
Branch |
(Representative office ) |
since 24/09/2010 |
|
|
|
|
|
|
Medaglie D' Oro Via Zambonate |
, 11 |
- 24100 |
- |
(BG) |
- IT - |
|
- |
Branch |
(Shop ) |
since 07/10/2010 |
|
|
|
|
|
Via |
Del Commercio |
, 3 |
- 24051 |
- Antegnate |
(BG) |
- IT - |
|
- |
Branch |
(Representative office ) |
since 28/04/2010 |
|
|
|
|
|
Via |
Del Corso |
, 61-63-65 |
- 50100 |
- |
(FI) |
- IT - |
|
- |
Branch |
(Representative office ) |
since 14/04/2010 |
|
|
|
|
|
Via |
Mazzini |
, 6/A |
- 43100 |
- |
(PR) |
- IT - |
|
- |
Branch |
(Shop ) |
since 30/07/2009 |
|
|
|
|
|
Via |
Delle Vigne Nuove |
, Loc. BUFALOTTA |
- 00100 |
- Roma |
(RM) |
- IT - |
|
|
|
|
Total Surface: 26 Sq.mt. |
|
- |
Branch |
(Shop ) |
since 30/07/2009 |
|
|
|
|
|
Via |
Tuscolana |
, 1039 Loc. CINECITTA' |
- 00100 |
- Roma |
(RM) |
- IT - |
|
|
|
|
Total Surface: 40 Sq.mt. |
|
- |
Branch |
(Shop ) |
since 07/08/2009 |
|
|
|
|
|
Via |
Torretta |
, 12 |
- 84100 |
- |
(SA) |
- IT - |
|
|
|
|
Total Surface: 33 Sq.mt. |
|
- |
Branch |
(Shop ) |
since 01/08/2009 |
|
|
|
|
|
Piazza |
G. Marconi |
, 2 |
- 07100 |
- |
(SS) |
- IT - |
|
|
|
|
Total Surface: 44 Sq.mt. |
|
- |
Branch |
(Shop ) |
since 06/08/2009 |
|
|
|
|
|
Via |
Vittorio |
, 14 |
- 21100 |
- |
(VA) |
- IT - |
|
|
|
|
Total Surface: 30 Sq.mt. |
|
|
|
|
Employees |
: 241 |
|
Fittings and Equipment for a value of 1.060.000 |
Eur |
|
Stocks for a value of 17.580.000 |
Eur |
|
Furniture and fittings for a value of 310.000 |
Eur |
|
Vehicles for a value of 260.000 |
Eur |
The firm has a direct commercial organization
The company sells in
|
|
The firm operates abroad as importer / exporter. .
To purchase foreign products the firm uses the following channels :
|
- its own agents |
Export represents more than 50% of the global turnover.
Products abroad are placed by :
|
- national or foreign important buyers |
|
- importers |
|
- direct orders from foreign companies |
Subject generally proposes terms of sale between 30 and 60 days.
Main sales modalities: issue cheques and bank transfers.
Company's purchase terms are within 90 and 120 days.
Subject company generally settles its engagements by issueing of
cheques and cash orders.
The subject firm uses the following own selling brands:
|
- GAS |
|
- Gas Jeans |
Traded Brands / Suppliers
|
- Exagon Srl |
Historical Information and/or Firm's Status
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Limited partnership |
Joint stock company |
08/07/1986 |
EX-MEMBERS / EX-POSITIONS:
|
|
Grotto |
Claudio |
|
|
|
Born in Piovene Rocchette |
on 08/02/1948 |
- Fiscal Code : GRTCLD48B08G694A |
|
|
|
Residence : |
Via |
Monte Toraro |
, 15 |
- 36013 |
Piovene Rocchette |
(VI) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
De Pretto |
Corrado |
|
|
|
Born in |
on 21/03/1953 |
- Fiscal Code : DPRCRD53C21M032J |
|
|
|
Residence : |
Via |
|
, 25 |
- 36030 |
Villaverla |
(VI) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Ciscato |
Martino |
|
|
|
Born in Thiene |
on 23/11/1972 |
- Fiscal Code : CSCMTN72S23L157K |
|
|
|
Residence : |
Via |
Valdastico |
, 30 |
- 36016 |
Thiene |
(VI) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Bartolucci |
Gabriele |
|
|
|
Born in Lussemburgo |
on 09/07/1969 |
- Fiscal Code : BRTGRL69L09Z120D |
|
|
|
Residence : |
Rue Henry Dunant |
, 53 |
Lussemburgo |
- LU - |
|
Ex-Postions |
|
Director |
Protests
Protests checking on the subject firm has given a negative result.
Land Registry Office Prejudicial Registrations *
*Checking is performed on a national scale.
No events registered.
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 POPOLARE DI |
AGENZIA DI
CHIUPPANO |
VIA XXV APRILE, 23 |
36010 |
Chiuppano |
5728 |
60300 |
|
UNICREDIT BANCA SPA |
CHIUPPANO |
VIA MATTEOTTI 3 |
36010 |
Chiuppano (VI) |
2008 |
60300 |
Financial and Economical Analysis
Company's starting of activities dates back to 1983.
The analysis is based on the latest 3 balance sheets.
Last two financial years were marked by losses; in 2009 r.o.e. is
-9,59%. The losses incurred were caused by the decrease in the turnover that
marked the last financial years.
The operating result was positive in the last financial year (0,93%) and
in line with the sector's average.
The amount of the operating result for the year 2009 is of Eur.
1.191.486 with an increase of more then 100% if the compared to the previous
financial year.
The G.O.M. amounted to Eur. 7.833.252 showing a 56,76% growth.
From a financial aspect the company's status covers total short-term
debts; the indebtedness volume in 2009 is in fact 0,71 lower than in 2008.
Subject can manage an equity capital funds for an amount of Eur.
32.443.234 on stable levels.
During the last financial year total debts volume reached Eur. 71.903.062
(Eur. 42.776.461 were m/l term ones) showing a stable trend as opposed to 2008
(Eur. 78.883.139).
Financial debts as well as debts to suppliers are rather high anyway
better than the field's average.
The available funds are good.
Trade credits are collected slowly, average term is 217,54 days. even
higher than the average of the specific sector.
2009 financial year closed with a cash flow of Eur. 3.526.638
In the last financial year labour cost was of Eur. 10.119.599, with a
11,23% incidence on total costs of production. and a 11,1% incidence on sales
volumes.
No incidence of financial charges as lower than the incomes.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
91.127.506 |
|
Profit (Loss) for the period |
-3.112.881 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
106.264.199 |
|
Profit (Loss) for the period |
-6.958.379 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
119.187.907 |
|
Profit (Loss) for the period |
-10.923.095 |
|
|
|
Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
132.451.320 |
|
Profit (Loss) for the period |
2.917.961 |
|
|
|
Complete balance-sheet for the year |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
138.194.237 |
|
Profit (Loss) for the period |
6.625.259 |
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 |
|
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|
|
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 |
0,32 |
0,32 |
0,26 |
0,14 |
|
Elasticity Ratio |
Units |
0,68 |
0,68 |
0,72 |
0,84 |
|
Availability of stock |
Units |
0,14 |
0,15 |
0,17 |
0,21 |
|
Total Liquidity Ratio |
Units |
0,54 |
0,53 |
0,55 |
0,55 |
|
Quick Ratio |
Units |
0,05 |
0,06 |
0,10 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
0,71 |
1,92 |
1,97 |
3,56 |
|
Self Financing Ratio |
Units |
0,25 |
0,26 |
0,18 |
0,16 |
|
Capital protection Ratio |
Units |
1,02 |
1,12 |
1,29 |
0,64 |
|
Liabilities consolidation quotient |
Units |
1,51 |
0,05 |
0,86 |
0,18 |
|
Financing |
Units |
2,22 |
2,22 |
3,78 |
4,38 |
|
Permanent Indebtedness Ratio |
Units |
0,59 |
0,29 |
0,52 |
0,34 |
|
M/L term Debts Ratio |
Units |
0,34 |
0,03 |
0,33 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
1,38 |
1,26 |
2,51 |
1,24 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,85 |
0,90 |
1,95 |
2,03 |
|
Current ratio |
Units |
2,98 |
1,23 |
1,87 |
1,22 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
2,38 |
0,97 |
1,43 |
0,85 |
|
Structure's primary quotient |
Units |
0,79 |
0,81 |
0,70 |
1,20 |
|
Treasury's primary quotient |
Units |
0,21 |
0,10 |
0,25 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
395,52 |
389,86 |
535,39 |
592,42 |
|
Current Capital ( net ) |
Value |
57.710.508 |
17.907.087 |
51.372.210 |
311.080 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
3,87 |
- 0,56 |
- 4,00 |
2,78 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
- 9,59 |
- 19,57 |
- 38,55 |
6,35 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
- 5,91 |
- 18,64 |
- 39,36 |
21,12 |
|
Return on Investment ( R.O.I. ) |
% |
0,93 |
- 0,99 |
- 2,05 |
5,13 |
|
Return/ Sales |
% |
1,31 |
- 1,30 |
- 2,61 |
4,26 |
|
Extra Management revenues/charges incid. |
% |
- 261,26 |
n.c. |
n.c. |
21,28 |
|
Cash Flow |
Value |
3.526.638 |
-593.155 |
-4.778.714 |
82.582 |
|
Operating Profit |
Value |
1.191.486 |
-1.376.179 |
-3.122.601 |
119.674 |
|
Gross Operating Margin |
Value |
7.833.252 |
4.996.786 |
3.031.108 |
186.659 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
217,54 |
192,36 |
185,36 |
129,13 |
|
Debts to suppliers average term |
Days |
92,86 |
90,13 |
99,00 |
149,76 |
|
Average stock waiting period |
Days |
69,46 |
68,87 |
78,40 |
63,21 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,71 |
0,77 |
0,78 |
1,20 |
|
Rate of stock return |
Units |
5,18 |
5,23 |
4,59 |
5,67 |
|
Labour cost incidence |
% |
11,10 |
12,27 |
12,26 |
13,42 |
|
Net financial revenues/ charges incidence |
% |
0,75 |
- 2,99 |
- 2,55 |
- 1,52 |
|
Labour cost on purchasing expenses |
% |
11,23 |
12,24 |
11,66 |
13,23 |
|
Short-term financing charges |
% |
n.c. |
4,84 |
2,84 |
2,86 |
|
Capital on hand |
% |
140,81 |
130,45 |
127,25 |
82,66 |
|
Sales pro employee |
Value |
288.378 |
261.091 |
261.376 |
230.252 |
|
Labour cost pro employee |
Value |
32.024 |
32.023 |
32.065 |
31.552 |
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:
90.000 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 864 significant companies.
The companies cash their credits on an average of 129 dd.
The average duration of suppliers debts is about 149 dd.
The sector's profitability is on an average of 2,78%.
The labour cost affects the turnover in the measure of 13,42%.
Goods are held in stock in a range of 63 dd.
The difference between the sales volume and the resources used to
realize it is about 1,20.
The employees costs represent the 13,23% 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.45.07 |
|
|
1 |
Rs.72.97 |
|
Euro |
1 |
Rs.63.57 |
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.