MIRA INFORM REPORT

 

 

Report Date :           

31.05.2011

 

IDENTIFICATION DETAILS

 

Name :

COSMO S.R.L. 

 

 

Registered Office :

Strada Statale Laghi Di Avigliana,  s.n. Roata Raffo, 12022- Busca(CN)

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

17.02.1987

 

 

Com. Reg. No.:

CN078-6338 since 19/02/1996

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacturer of agricultural and silviculture machinery

 

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 :

25.000 Eur

Status :

Moderate

Payment Behaviour :

Unknown

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 

 Bottom of Form

 

Cosmo S.r.l.

 

Strada Statale Laghi Di Avigliana,  s.n. Roata Raffo

 

12022 - Busca (CN) -IT-

 

 

Summary

 

Fiscal Code

:

01969400041

Legal Form

:

Limited liability company

start of Activities

:

20/04/1987

Equity

:

1.500.000 Eur

Turnover Range

:

3.000.000/3.750.000 Eur

Number of Employees

:

from 26 to 35

 

 

Credit Analysis

 

Credit Opinion

:

25.000 - Eur

 

 

Activity

 

Manufacture of agricultural and silviculture machinery

 

Legal Data

 

Legal Form : Limited liability company

Fiscal Code : 01969400041

 

Foreign Trade Reg. no. : CN012022 since 22/07/1992

 

Foreign Trade Reg. no. : 12022 of Cuneo since 22/07/1992

 

Chamber of Commerce no. : 146550 of Cuneo since 17/03/1987

 

Firms' Register : CN078-6338 since 19/02/1996

 

V.A.T. Code : 01969400041

 

Tribunal Co. Register : 6338 of Cuneo

 

Foundation date

: 17/02/1987

Establishment date

: 17/02/1987

Start of Activities

: 20/04/1987

Legal duration

: 31/12/2030

Nominal Capital

: 51.800

Eur

Subscribed Capital

: 51.800

Eur

Paid up Capital

: 51.800

Eur

 

Members

 

Paolino

Duilio

 

 

Born in Cuneo

(CN)

on 27/11/1953

- Fiscal Code : PLNDLU53S27D205Z

 

 

Residence :

Viale

Angeli

, 3

- 12100

Cuneo

(CN)

- IT -

 

Position

Since

Shares Amount

% Ownership

Board Chairman

18/12/1998

 

 

 

No Protests registered

 

Emanuele

Gabriella

 

 

Born in Avellino

(AV)

on 14/02/1955

- Fiscal Code : MNLGRL55B54A509W

 

 

Residence :

Viale

Angeli

, 3

- 12100

Cuneo

(CN)

- IT -

 

Position

Since

Shares Amount

% Ownership

Managing Director

30/06/2003

 

 

Director

18/12/1998

 

 

 

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.

 

PAOLINO

DUILIO

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

ECO-ART DI LINGUA ALESSANDRA E C. SAS

Cuneo (CN) - IT -

02274090048

Limited Partner

Withdrawn

Registered

GESTA S.R.L.

Cuneo (CN) - IT -

03321520045

Managing Director

Active

Registered

GESTA S.R.L.

Cuneo (CN) - IT -

03321520045

Director

Active

Registered

GESTA S.R.L.

Cuneo (CN) - IT -

03321520045

Board Chairman

Active

Registered

GI E DI SOCIETA' SEMPLICE

Cuneo (CN) - IT -

96022520041

Partner

Active

Registered

IL VIALE DI EMANUELE GABRIELLA E C. S.N.C.

Cuneo (CN) - IT -

02554940045

Partner

Active

Registered

MECHANICAL EXPORT CUNEO

Cuneo (CN) - IT -

03194350041

Vice-Chairman

Active

Registered

MECHANICAL EXPORT CUNEO

Cuneo (CN) - IT -

03194350041

Director

Active

Registered

PAOLINO DUILIO

Cuneo (CN) - IT -

 

Proprietor

Withdrawn

Ceased

UNACOMA SERVICE SOCIETA' A RESPONSABILITA' LIMITATA UNIPERSONALE

Bologna (BO) - IT -

04227291004

Director

Active

Registered

 

EMANUELE

GABRIELLA

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

GESTA S.R.L.

Cuneo (CN) - IT -

03321520045

Director

Active

Registered

GI E DI SOCIETA' SEMPLICE

Cuneo (CN) - IT -

96022520041

Partner

Active

Registered

I.M.C. EUROPA - S.R.L. IN LIQUIDAZIONE

Busca (CN) - IT -

01010810040

Sole Director

Withdrawn

Registered

I.M.C. EUROPA - S.R.L. IN LIQUIDAZIONE

Busca (CN) - IT -

01010810040

Liquidator

Active

Registered

IL VIALE DI EMANUELE GABRIELLA E C. S.N.C.

Cuneo (CN) - IT -

02554940045

Partner

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

I.m.c. Europa - S.r.l. In Liquidazione

Busca - IT -

01010810040

21.800 .Eur

42,08

Paolino Duilio

Cuneo - IT -

PLNDLU53S27D205Z

15.000 .Eur

28,96

Emanuele Gabriella

Cuneo - IT -

MNLGRL55B54A509W

15.000 .Eur

28,96

 

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

Mechanical Export Cuneo

Cuneo - IT -

03194350041

 

 

 

 

Active

 

Firm's location and structure

 

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

 

-

Legal and operative seat

 

 

 

 

 

 

Strada Statale

Laghi Di Avigliana

, s.n. Loc. Roata Raffo

- 12022

- Busca

(CN)

- IT -

 

 

 

 

PHONE

: 0171/631716

 

 

 

 

Employees

: 30

 

Fittings and Equipment for a value of 400.000

Eur

 

Stocks for a value of 1.150.000

Eur

 

Vehicles : 1.

 

Trade organization: direct or by agents.

The company sells in Italy and abroad.

Transports are mainly done using own vehicles and third parties ones

 

To purchase foreign products the firm uses the following channels :

- national or foreign important buyers

 

- distributors

Export represents more than 50% of the global turnover.

Products abroad are placed by :

- importers

 

- its own sales net-work

 

- its own agents

 

- direct orders from foreign companies

Subject generally proposes terms of sale between 30 and 60 days.

Main sales modalities: issue cheques and bank transfers.

Purchase terms: 60-90-120 days.

Subject usually pays by IDR, cash orders and drafts.

 

Import comes generally from the following nations:

- Europa

 

- Cipro

 

Export is mainly towards:

- Austria

 

- Francia

 

- Belgio

 

- Irlanda

 

- Somalia

 

 

Traded Brands / Suppliers

 

 

- import genius corporation

 

 

Historical Information and/or Firm's Status

 

EX-MEMBERS / EX-POSITIONS:

 

Paolino

Duilio

 

 

Born in Cuneo

on 27/11/1953

- Fiscal Code : PLNDLU53S27D205Z

 

 

Residence :

Viale

Angeli

, 3

- 12100

Cuneo

(CN)

- IT -

 

Ex-Postions

Chairman

Managing Director

 

Bergese

Sergio

 

 

Born in Fossano

on 12/10/1957

- Fiscal Code : BRGSRG57R12D742X

 

Ex-Postions

Managing Director

 

Roseo

Vincenzo

 

on 06/11/1947

 

Ex-Postions

Chairman and Managing Director

 

Emanuele

Gabriella

 

 

Born in Avellino

on 14/02/1955

- Fiscal Code : MNLGRL55B54A509W

 

 

Residence :

Viale

Angeli

, 3

- 12100

Cuneo

(CN)

- IT -

 

Ex-Postions

Managing 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.

 

Bankers

 

The firm operates with:

 

Bank Name

Agency Name

Address

ZIP Code

City

ABI Code

CAB Code

SANPAOLO IMI S.P.A. FUS. INTESA SAN PAO

FILIALE IMPRESE CUNEO

VIA GIOLITTI, 1

12100

Cuneo

1025

10205

 

Financial and Economical Analysis

 

The company is active since 1987

The economic-financial analysis has been made on the base of the b/s of the latests three years.

During the last years the subject suffered net losses and in 2009 r.o.e. is -21,77%. 2009 loss was also due to a turnover decrease.

A loss is registered as to the operating result (-4,89%).

The amount of the operating loss for 2009 is equal to Eur. -256.502.

The GOM is negative and amounts to Eur. -41.509.

The analysis shows a fair financial position as the indebtedness volume is acceptable (1,58) with an improving trend as on the decrease.

It's shareholders funds amount to Eur. 1.333.955 on stable levels.

During the last financial year debts totalled Eur. 3.689.867 (Eur. 1.177.284 of which were m/l term debts) with a downward trend if compared to the preceding year (-28,93%).

Available funds are good.

A negative cash flow marked the year 2009 totalling Eur. -75.458.

Labour cost amounts to Eur. 785.242, with a 20,04% incidence on production costs. , whereas the incidence of such costs on sales revenues is equal to 21,76%.

Limited financial charges in relation to sales volume.

 

Financial Data

 

 

Complete balance-sheet for the year

31/12/2009

(in Eur

x 1 )

 

Item Type

Value

Sales

3.608.852

Profit (Loss) for the period

-290.451

 

 

Complete balance-sheet for the year

31/12/2008

(in Eur

x 1 )

 

Item Type

Value

Sales

5.568.771

Profit (Loss) for the period

-53.419

 

 

Complete balance-sheet for the year

31/12/2007

(in Eur

x 1 )

 

Item Type

Value

Sales

4.487.627

Profit (Loss) for the period

-315.899

 

 

Complete balance-sheet for the year

31/12/2006

(in Eur

x 1 )

 

Item Type

Value

Sales

5.345.038

Profit (Loss) for the period

112.219

 

 

Complete balance-sheet for the year

31/12/2005

(in Eur

x 1 )

 

Item Type

Value

Sales

4.557.643

Profit (Loss) for the period

69.719

 

 

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

 

 

 

. . Concessions,licenses,trademarks,etc.

 

 

 

. . Goodwill

 

 

 

. . Assets in formation and advance paymen.

 

 

 

. . Other intangible fixed assets

 

 

 

. Total Intangible Fixed Assets

110.515

136.946

112.749

. TANGIBLE FIXED ASSETS

 

 

 

. . Real estate

 

 

 

. . Plant and machinery

 

 

 

. . Industrial and commercial equipment

 

 

 

. . Other assets

 

 

 

. . Assets under construction and advances

 

 

 

. Total Tangible fixed assets

1.662.124

1.803.234

955.153

. 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

1.772.639

1.940.180

1.067.902

CURRENT ASSETS

 

 

 

. INVENTORIES

 

 

 

. . Raw materials and other consumables

 

 

 

. . Work in progress and semimanufactured

 

 

 

. . Work in progress on order

 

 

 

. . Finished goods

 

 

 

. . Advance payments

 

 

 

. Total Inventories

1.151.706

1.452.207

1.216.117

. CREDITS NOT HELD AS FIXED ASSETS

 

 

 

. . Within 12 months

1.913.204

3.079.701

2.299.900

. . Beyond 12 months

 

 

 

. . Trade receivables

 

3.022.139

 

. . . . Within 12 months

 

3.022.139

 

. . . . 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

 

46.554

 

. . . . Within 12 months

 

46.554

 

. . . . Beyond 12 months

 

 

 

. . Receivables for anticipated taxes

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Receivables due from third parties

 

11.008

 

. . . . Within 12 months

 

11.008

 

. . . . Beyond 12 months

 

 

 

. Total Credits not held as fixed assets

1.913.204

3.079.701

2.299.900

. 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

 

 

 

. LIQUID FUNDS

 

 

 

. . Bank and post office deposits

 

 

 

. . Checks

 

 

 

. . Banknotes and coins

 

 

 

. Total Liquid funds

405.095

517.646

2.132.154

Total current assets

3.470.005

5.049.554

5.648.171

ADJUSTMENT ACCOUNTS

 

 

 

. Discount on loans

 

 

 

. Other adjustment accounts

4.675

25.147

35.065

Total adjustments accounts

4.675

25.147

35.065

TOTAL ASSETS

5.247.319

7.014.881

6.751.138

 

 

 

 

LIABILITIES

 

 

 

STOCKHOLDERS' EQUITY

 

 

 

. Capital stock

51.800

51.800

51.800

. Additional paid-in capital

 

 

 

. Revaluation reserves

930.971

984.391

 

. Legal reserve

13.558

13.558

13.558

. Reserve for Own shares

 

 

 

. Statute reserves

6.921

6.921

6.921

. Other reserves

621.156

621.154

937.055

. Accumulated Profits (Losses)

 

 

 

. Profit( loss) of the year

-290.451

-53.419

-315.899

. Advances on dividends

 

 

 

. Partial loss of the year Coverage

 

 

 

Total Stockholders'Equity

1.333.955

1.624.405

693.435

RESERVES FOR RISKS AND CHARGES

 

 

 

. . Reserve for employee termination indem.

 

 

 

. . Taxation fund, also differed

 

 

 

. . Other funds

 

 

 

Total Reserves for Risks and Charges

 

 

 

Employee termination indemnities

223.497

196.196

179.492

ACCOUNTS PAYABLE

 

 

 

. . . . Within 12 months

2.512.583

4.229.126

3.764.590

. . . . Beyond 12 months

1.177.284

963.343

2.113.621

. . 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

 

2.778.019

 

. . . . Within 12 months

 

2.014.676

 

. . . . Beyond 12 months

 

763.343

 

. . Due to other providers of finance

 

36.377

 

. . . . Within 12 months

 

36.377

 

. . . . Beyond 12 months

 

 

 

. . Advances from customers

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Trade payables

 

1.998.414

 

. . . . Within 12 months

 

1.998.414

 

. . . . 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

 

200.000

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

200.000

 

. . Due to the tax authorities

 

81.263

 

. . . . Within 12 months

 

81.263

 

. . . . Beyond 12 months

 

 

 

. . Due to social security and welfare inst.

 

63.371

 

. . . . Within 12 months

 

63.371

 

. . . . Beyond 12 months

 

 

 

. . Other payables

 

35.025

 

. . . . Within 12 months

 

35.025

 

. . . . Beyond 12 months

 

 

 

Total accounts payable

3.689.867

5.192.469

5.878.211

ADJUSTMENT ACCOUNTS

 

 

 

. Agio on loans

 

 

 

. Other adjustment accounts

 

1.811

 

Total adjustment accounts

 

1.811

 

TOTAL LIABILITIES

5.247.319

7.014.881

6.751.138

 

 

 

 

 

 

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

3.608.852

5.568.771

4.487.627

. Changes in work in progress

 

 

 

. Changes in semi-manufact. products

 

 

 

. Capitalization of internal work

 

 

 

. Other income and revenues

52.806

241.029

275.099

. . Contributions for operating expenses

 

 

 

. . Different income and revenues

52.806

241.029

275.099

Total value of production

3.661.658

5.809.800

4.762.726

PRODUCTION COSTS

 

 

 

. Raw material,other materials and consum.

1.922.050

3.829.114

3.062.687

. Services received

632.505

955.555

773.546

. Leases and rentals

27.017

36.760

25.397

. Payroll and related costs

785.242

789.743

726.762

. . Wages and salaries

559.488

556.415

498.467

. . Social security contributions

181.378

187.798

182.752

. . Employee termination indemnities

42.457

40.988

41.155

. . Pension and similar

 

 

 

. . Other costs

1.919

4.542

4.388

. Amortization and depreciation

214.993

242.790

217.269

. . Amortization of intangible fixed assets

18.215

22.085

20.700

. . Amortization of tangible fixed assets

196.778

220.705

196.569

. . Depreciation of tangible fixed assets

 

 

 

. . Writedown of current receiv.and of liquid

 

 

 

. Changes in raw materials

300.501

-236.090

-213.630

. Provisions to risk reserves

 

 

 

. Other provisions

 

 

 

. Other operating costs

35.852

70.495

41.500

Total production costs

3.918.160

5.688.367

4.633.531

Diff. between value and cost of product.

-256.502

121.433

129.195

FINANCIAL INCOME AND EXPENSE

 

 

 

. Income from equity investments

 

 

 

. . In subsidiary companies

 

 

 

. . In associated companies

 

 

 

. . In other companies

 

 

 

. Other financial income

435

43.383

57.255

. . 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

435

43.383

57.255

. . . - Subsidiary companies

 

 

 

. . . - Associated companies

 

 

 

. . . - Holding companies

 

 

 

. . . - Other companies

 

 

 

. Interest and other financial expense

-41.496

-210.996

-467.041

. . Towards subsidiary companies

 

 

 

. . Towards associated companies

 

 

 

. . Towards holding companies

 

 

 

. . Towards other companies

85.534

 

 

Total financial income and expense

-41.061

-167.613

-409.786

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

103.819

53.462

12.565

. . Gains on disposals

4.000

 

 

. . Other extraordinary income

99.819

53.462

12.565

. Extraordinary expense

-72.832

-18.611

-8.921

. . Losses on disposals

-1.271

 

 

. . Taxes relating to prior years

 

 

 

. . Other extraordinary expense

-71.561

-18.611

-8.921

Total extraordinary income and expense

30.987

34.851

3.644

Results before income taxes

-266.576

-11.329

-276.947

. Taxes on current income

23.875

42.090

38.952

. . current taxes

23.875

42.090

38.952

. . differed taxes(anticip.)

 

 

 

. Net income for the period

-290.451

-53.419

-315.899

. Adjustments in tax regulations pursuance

 

 

 

. Provisions in tax regulations pursuance

 

 

 

. Profit (loss) of the year

-290.451

-53.419

-315.899

 

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

0,34

0,27

0,15

0,15

Elasticity Ratio

Units

0,66

0,71

0,83

0,82

Availability of stock

Units

0,22

0,20

0,18

0,28

Total Liquidity Ratio

Units

0,44

0,51

0,65

0,47

Quick Ratio

Units

0,08

0,07

0,31

0,03

COMPOSITION ON SOURCE

 

 

 

 

 

Net Short-term indebtedness

Units

1,58

2,28

2,35

2,92

Self Financing Ratio

Units

0,25

0,23

0,10

0,19

Capital protection Ratio

Units

1,18

1,00

1,38

0,67

Liabilities consolidation quotient

Units

0,56

0,27

0,60

0,20

Financing

Units

2,77

3,19

8,47

3,53

Permanent Indebtedness Ratio

Units

0,52

0,39

0,44

0,37

M/L term Debts Ratio

Units

0,27

0,16

0,33

0,10

Net Financial Indebtedness Ratio

Units

n.c.

1,41

n.c.

0,68

CORRELATION

 

 

 

 

 

Fixed assets ratio

Units

1,54

1,43

2,79

2,23

Current ratio

Units

1,38

1,19

1,50

1,30

Acid Test Ratio-Liquidity Ratio

Units

0,92

0,85

1,17

0,83

Structure's primary quotient

Units

0,75

0,83

0,64

1,21

Treasury's primary quotient

Units

0,16

0,12

0,56

0,05

Rate of indebtedness ( Leverage )

%

393,37

431,84

973,57

504,73

Current Capital ( net )

Value

957.422

820.428

1.883.581

511.875

RETURN

 

 

 

 

 

Return on Sales

%

- 2,09

3,40

- 2,19

3,41

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

%

- 21,77

- 3,28

- 45,55

6,32

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

%

- 19,98

- 0,69

- 39,93

18,77

Return on Investment ( R.O.I. )

%

- 4,89

1,73

1,91

5,07

Return/ Sales

%

- 7,11

2,18

2,87

4,59

Extra Management revenues/charges incid.

%

n.c.

- 43,99

- 244,51

25,74

Cash Flow

Value

-75.458

189.371

-98.630

115.637

Operating Profit

Value

-256.502

121.433

129.195

147.808

Gross Operating Margin

Value

-41.509

364.223

346.464

255.269

MANAGEMENT

 

 

 

 

 

Credits to clients average term

Days

n.c.

195,33

184,46

112,03

Debts to suppliers average term

Days

n.c.

164,12

250,00

143,89

Average stock waiting period

Days

114,89

93,85

97,52

85,50

Rate of capital employed return ( Turnover )

Units

0,69

0,79

0,66

1,16

Rate of stock return

Units

3,13

3,83

3,69

4,17

Labour cost incidence

%

21,76

14,18

16,19

16,86

Net financial revenues/ charges incidence

%

- 1,14

- 3,00

- 9,13

- 1,25

Labour cost on purchasing expenses

%

20,04

13,88

15,68

17,27

Short-term financing charges

%

1,12

4,06

7,94

2,69

Capital on hand

%

145,40

125,96

150,43

85,42

Sales pro employee

Value

124.443

198.884

213.696

209.406

Labour cost pro employee

Value

27.077

28.205

34.607

33.370

 

 

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:

 

25.000Eur.

 

 

Market / Territory Data

 

Population living in the province

:

569.987

Population living in the region

:

4.330.172

Number of families in the region

:

1.889.207

 

Monthly family expenses average in the region (in Eur.) :

 

- per food products

:

429

- per non food products

:

1.789

- per energy consume

:

135

 

Sector Data

 

The values are calculated on a base of 448 significant companies.

The companies cash their credits on an average of 112 dd.

The average duration of suppliers debts is about 143 dd.

The sector's profitability is on an average of 3,41%.

The labour cost affects the turnover in the measure of 16,86%.

Goods are held in stock in a range of 85 dd.

The difference between the sales volume and the resources used to realize it is about 1,16.

The employees costs represent the 17,27% of the production costs.

 

Statistical Detrimental Data

 

The area is statistically considered lowly risky.

In the region 27.019 protested subjects are found; in the province they count to 1.458.

The insolvency index for the region is 0,63, , while for the province it is 0,26.

Total Bankrupt companies in the province : 1.299.

Total Bankrupt companies in the region : 14.165.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.10

UK Pound

1

Rs.74.27

Euro

1

Rs.64.35

 

 

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.