MIRA INFORM REPORT

 

 

Report Date :

21.08.2012

 

IDENTIFICATION DETAILS

 

Name :

PRISMA S.P.A.- SPEDIZIONI E TRASPORTI INTERNAZIONALI

 

 

Registered Office :

Via Sommacampagna, 63/C,

37100 – Verona (VR)     

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

08.06.1989

 

 

Com. Reg. No.:

VR091-29034 of since 19/02/1996

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Freight transport by road and removal services

 

 

No. of Employees :

26 to 35 employees

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Slow but Correct 

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 

 

Prisma S.p.a.- Spedizioni E Trasporti Internazionali

 

Via Sommacampagna, 63/C

 

37100 - Verona (VR) -IT-

 

 

Summary

 

Fiscal Code

:

02144070238

Legal Form

:

Joint stock company

start of Activities

:

31/10/1989

Equity

:

Over 2.582.254

Turnover Range

:

20.000.000/25.000.000

Number of Employees

:

from 26 to 35

 

Activity

 

Freight transport by road and removal services

Shipping agents and customs agencies

 

Legal Data

 

Legal Form : Joint stock company

Fiscal Code : 02144070238

 

Foreign Trade Reg. no. : VR031850 since 29/03/1996

 

Foreign Trade Reg. no. : 031850 of since 29/03/1996

 

Chamber of Commerce no. : 219594 of since 08/08/1989

 

Firms' Register : VR091-29034 of since 19/02/1996

 

V.A.T. Code : 02144070238

 

Tribunal Co. Register : 29034 of since 26/07/1989

 

Foundation date

: 08/06/1989

Establishment date

: 08/06/1989

Start of Activities

: 31/10/1989

Legal duration

: 31/12/2030

Nominal Capital

: 1.000.000

 

Subscribed Capital

: 1.000.000

 

Paid up Capital

: 1.000.000

 

 


Members

 

 

Pasinato

Raffaello

 

 

Born in Rossano Veneto

(VI)

on 11/12/1936

- Fiscal Code : PSNRFL36T11H580J

 

 

Residence:

 

Nervesa

, 4/A

- 37126

Verona

(VR)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

27/04/2012

 

 

Board Chairman

27/04/2012

 

 

Managing Director

27/04/2012

 

 

 

Prejudicial events registered

 

No Protests registered

 

 

Solimani

Walter

 

 

Born in Verona

(VR)

on 08/03/1943

- Fiscal Code : SLMWTR43C08L781K

 

 

Residence:

 

Tanaro

, 51

- 37136

Verona

(VR)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

27/04/2012

 

 

Managing Director

27/04/2012

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

 

Centomo

Pierino

 

 

Born in Oppeano

(VR)

on 16/07/1949

- Fiscal Code : CNTPRN49L16G080S

 

 

Residence:

 

Cesena

, 21

- 37134

Verona

(VR)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

27/04/2012

 

 

Managing Director

27/04/2012

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

 

Signorini

Renzo

 

 

Born in Verona

(VR)

on 03/07/1958

- Fiscal Code : SGNRNZ58L03L781M

 

 

Residence:

 

F. Zuanetti

, 25

- 37069

Villafranca di Verona

(VR)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

27/04/2012

 

 

Managing Director

27/04/2012

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

 

Cornacchini

Paolo

 

 

Born in Verona

(VR)

on 10/03/1958

- Fiscal Code : CRNPLA58C10L781V

 

 

Residence:

 

Elena Da Persico

, 2/D

- 37136

Verona

(VR)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

27/04/2012

 

 

Managing Director

27/04/2012

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

 

Gaballo

Maria

 

 

Born in Bolzano

(BZ)

on 01/08/1942

- Fiscal Code : GBLMRA42M41A952A

 

 

Residence:

 

Zancle

, 40

- 37138

Verona

(VR)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

27/04/2012

 

 

Managing Director

27/04/2012

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

 

Pasinato

Stefano

 

 

Born in Verona

(VR)

on 26/03/1966

- Fiscal Code : PSNSFN66C26L781I

 

 

Residence:

 

Santa Lucia Ai Monti

, 1/A

- 37067

Valeggio sul Mincio

(VR)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

27/04/2012

 

 

Managing Director

27/04/2012

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Companies connected to members *

 

*checkings have been performed on a national scale.

In this module the companies in which members hold/held positions are listed.

 

The Members of the subject firm are not reported to be Members in other companies.



Capital Shareholders

 

Shareholders' list as at date of data collection:

Firm's Style / Name

Seat / Residence

Fiscal Code

Owned Shares

% Ownership

Prisma S.p.a.- Spedizioni E Trasporti Internazionali

Verona - IT -

02144070238

100.000 .Eur

10,00

Pasinato Raffaello

Verona - IT -

PSNRFL36T11H580J

80.000 .Eur

8,00

Centomo Pierino

Verona - IT -

CNTPRN49L16G080S

110.000 .Eur

11,00

Signorini Renzo

Villafranca di Verona - IT -

SGNRNZ58L03L781M

60.000 .Eur

6,00

Cornacchini Paolo

Verona - IT -

CRNPLA58C10L781V

60.000 .Eur

6,00

Pasinato Stefano

Valeggio sul Mincio - IT -

PSNSFN66C26L781I

390.000 .Eur

39,00

 

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

Prisma S.p.a.- Spedizioni E Trasporti Internazionali

Verona - IT -

02144070238

100.000 .Eur

10,00

 

 

Active

Scm Logistics Srl

Verona - IT -

03540400235

16.000 .Eur

80,00

 

 

Active

 

 

Firm's location and structure

 

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

 

-

Legal and operative seat

 

since 31/10/1989

 

 

 

 

 

 

Sommacampagna

, 63/C

- 37100

- Verona

(VR)

- IT -

 

 

 

 

PHONE

: 0459216611

 

 

 

 

FAX

: 0459216600

 

-

Branch

(Warehouse)

since 16/06/2004

 

 

 

 

 

 

Marco Biagi

, 34

- 37050

- Oppeano

(VR)

- IT -

 

-

Branch

(Store)

since 08/04/2009

 

 

 

 

 

 

Enzo Ferrari

, 205

- 37051

- Bovolone

(VR)

- IT -

 

-

Branch

(Store)

since 20/01/2011

 

 

 

 

 

 

Sommacampagna

, 22/A

- 37100

- Verona

(VR)

- IT -

 

-

Branch

(Domicile)

since 01/06/2010

 

 

 

 

 

Am Lindengarten

, 32D

- Erftstadt

(EE)

- DE -

 

 

 

 

Employees

: 32

 

Fittings and Equipment for a value of 440.000

Eur

 

Stocks for a value of 3.000

Eur

 

 

Historical Information and/or Firm's Status

 

CHANGES TO THE LEGAL FORM:

 

Former legal form

New legal form

Changement Date

Limited liability company

Joint stock company

14/04/1997

 

EX-MEMBERS / EX-POSITIONS:

 

Pasinato

Raffaello

 

 

Born in Rossano Veneto

(VI)

on 11/12/1936

- Fiscal Code : PSNRFL36T11H580J

 

 

Residence:

 

Nervesa

, 4/A

- 37126

Verona

(VR)

- IT -

 

Ex-Postions

Chairman and Managing Director

Managing Director

Chairman

 

Solimani

Walter

 

 

Born in Verona

(VR)

on 08/03/1943

- Fiscal Code : SLMWTR43C08L781K

 

 

Residence:

 

Tanaro

, 51

- 37136

Verona

(VR)

- IT -

 

Ex-Postions

Managing Director

 

Centomo

Pierino

 

 

Born in Oppeano

(VR)

on 16/07/1949

- Fiscal Code : CNTPRN49L16G080S

 

 

Residence:

 

Cesena

, 21

- 37134

Verona

(VR)

- IT -

 

Ex-Postions

Managing Director

 

Signorini

Renzo

 

 

Born in Verona

(VR)

on 03/07/1958

- Fiscal Code : SGNRNZ58L03L781M

 

 

Residence:

 

F. Zuanetti

, 25

- 37069

Villafranca di Verona

(VR)

- IT -

 

Ex-Postions

Managing Director

 

Cornacchini

Paolo

 

 

Born in Verona

(VR)

on 10/03/1958

- Fiscal Code : CRNPLA58C10L781V

 

 

Residence:

 

Elena Da Persico

, 2/D

- 37136

Verona

(VR)

- IT -

 

Ex-Postions

Managing Director

 

Gaballo

Maria

 

 

Born in Bolzano

(BZ)

on 01/08/1942

- Fiscal Code : GBLMRA42M41A952A

 

 

Residence:

 

Zancle

, 40

- 37138

Verona

(VR)

- IT -

 

Ex-Postions

Managing Director

 

Pasinato

Stefano

 

 

Born in Verona

(VR)

on 26/03/1966

- Fiscal Code : PSNSFN66C26L781I

 

 

Residence:

 

Santa Lucia Ai Monti

, 1/A

- 37067

Valeggio sul Mincio

(VR)

- IT -

 

Ex-Postions

Managing Director

 

Bagni

Massimo

 

 

Born in Modena

(MO)

on 20/02/1949

- Fiscal Code : BGNMSM49B20F257L

 

 

Residence:

 

Ca' Del Frate

, 2

- 37024

Negrar

(VR)

- IT -

 

Ex-Postions

Temporary Auditor

 

Albertini

Gabriele

 

 

Born in San Martino Buon Albergo

(VR)

on 22/08/1932

- Fiscal Code : LBRGRL32M22I003K

 

 

Residence:

 

Stella

, 6

- 37122

Verona

(VR)

- IT -

 

Ex-Postions

Chairman of the Board of Aud.

 

Valle

Antonio

 

 

Born in Verona

(VR)

on 24/07/1947

- Fiscal Code : VLLNTN47L24L781C

 

 

Residence:

 

Maestro Martino

, 7

- 37100

Verona

(VR)

- IT -

 

Ex-Postions

Permanent Auditor

 

Albertini

Lorenzo

 

on 06/12/1962

- Fiscal Code : LBRLNZ62T06F861P

 

 

Residence:

 

Butturini Angelo

, 9

- 37100

Verona

(VR)

- IT -

 

Ex-Postions

Temporary Auditor


Protests

 

Protests checking on the subject firm has given a negative result.

 

Data Base Prejudicial Events Search

 

Search performed on a National Scale

 

 

Prejudicial Events Search Result: NEGATIVE

 

Search performed on a specialized data base.

 

Legal Procedures

 

None reported, standing to the latest received edition of the Official Publications.

 

Financial and Economical Analysis

 

Subject is active since 1989

The analysis is based on the latest 3 balance sheets.

During the last years, it recorded positive net results (r.o.e. 6,11% in 2010) and with an upward trend in turnover trend during the last financial year (+23,01% in 2010).

The operating result in 2010 was positive (4,74%) and reflects the field's average.

The amount of the operating result for the year 2010 is of Eur. 482.059 ,showing stability in respect to the value of 2009.

A gross operating margine for a value of Eur. 784.302 was reached. ,with no change if compared to the year before.

The company has an excellent net worth if compared to its debts, with a low indebtedness (0,73) increasing compared to last year (0,4)

The equity capital is equal to Eur. 5.208.010 , unchanged if compared to 2009.

Total indebtedness was equal to Eur. 4.541.208 (Eur. 167.840 was the value of m/l term debts) while during the financial year 2009 the amount was equal to Eur. 3.423.693.

The company does not exceed in bank borrowings; the recourse to suppliers' credit is also limited which is also lower than the sector average.

Payments are supported by good current assets.

Trade credits average terms are slow, on average 106,94 days. but in line with the sector.

2010 financial year closed with a cash flow of Eur. 620.477

Labour cost expenses amount to Eur. 1.162.328 , representing 4,75% on the total of production costs. and a 4,68% incidence on sales volumes.

The financial charges are lower than the financial incomes.

 

Financial Data

 

Complete balance-sheet for the year

31/12/2010

(in Eur

x 1)

 

Item Type

Value

Sales

24.850.926

Profit (Loss) for the period

318.234

 

 

Complete balance-sheet for the year

31/12/2009

(in Eur

x 1)

 

Item Type

Value

Sales

20.201.934

Profit (Loss) for the period

1.003.880

 

 

Complete balance-sheet for the year

31/12/2008

(in Eur

x 1)

 

Item Type

Value

Sales

22.576.908

Profit (Loss) for the period

405.131


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 31/12/2010 - 12 Mesi - Currency: - Amounts x 1

 

- Balance Sheet as at 31/12/2009 - 12 Mesi - Currency: - Amounts x 1

 

- Balance Sheet as at 31/12/2008 - 12 Mesi - Currency: - Amounts x 1

 

Years

2010

2009

2008

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

30.798

31.494

23.944

. . Concessions,licenses,trademarks,etc.

930.145

1.014.420

1.098.696

. . Goodwill

 

 

 

. . Assets in formation and advance paymen.

 

 

 

. . Other intangible fixed assets

23.718

30.213

340.969

. Total Intangible Fixed Assets

984.661

1.076.127

1.463.609

. TANGIBLE FIXED ASSETS

 

 

 

. . Real estate

211.084

220.114

229.145

. . Plant and machinery

 

 

 

. . Industrial and commercial equipment

440.639

527.851

388.514

. . Other assets

125.992

147.507

141.777

. . Assets under construction and advances

 

 

 

. Total Tangible fixed assets

777.715

895.472

759.436

. FINANCIAL FIXED ASSETS

 

 

 

. . Equity investments

17.200

35.300

35.300

. . . Equity invest. in subsidiary companies

16.000

16.000

16.000

. . . Equity invest. in associated companies

 

 

 

. . . Equity invest. in holding companies

 

 

 

. . . Equity invest. in other companies

1.200

19.300

19.300

. . Financial receivables

16.149

153.493

303.582

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

16.149

153.493

303.582

. . . 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

16.149

153.493

303.582

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

16.149

153.493

303.582

. . Other securities

 

 

 

. . Own shares

103.291

103.291

103.291

. . . Total nominal value

 

 

 

. Total financial fixed assets

136.640

292.084

442.173

Total fixed assets

1.899.016

2.263.683

2.665.218

CURRENT ASSETS

 

 

 

. INVENTORIES

 

 

 

. . Raw materials and other consumables

 

 

 

. . Work in progress and semimanufactured

 

 

 

. . Work in progress on order

 

 

 

. . Finished goods

 

 

 

. . Advance payments

 

 

 

. Total Inventories

 

 

 

. CREDITS NOT HELD AS FIXED ASSETS

 

 

 

. . Within 12 months

7.583.956

5.227.539

4.950.506

. . Beyond 12 months

133.245

130.871

98.463

. . Trade receivables

7.382.090

5.015.458

4.751.767

. . . . Within 12 months

7.347.309

4.983.050

4.751.767

. . . . Beyond 12 months

34.781

32.408

 

. . 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

90.232

228.933

188.474

. . . . Within 12 months

90.232

228.933

188.474

. . . . Beyond 12 months

 

 

 

. . Receivables for anticipated taxes

98.464

98.463

98.463

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

98.464

98.463

98.463

. . Receivables due from third parties

146.415

15.556

10.265

. . . . Within 12 months

146.415

15.556

10.265

. . . . Beyond 12 months

 

 

 

. Total Credits not held as fixed assets

7.717.201

5.358.410

5.048.969

. 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

542.664

1.148.502

1.455.587

. . Checks

 

 

 

. . Banknotes and coins

2.854

4.557

2.906

. Total Liquid funds

545.518

1.153.059

1.458.493

Total current assets

8.262.719

6.511.469

6.507.462

ADJUSTMENT ACCOUNTS

 

 

 

. Discount on loans

18.058

109.775

 

. Other adjustment accounts

 

 

166.212

Total adjustments accounts

18.058

109.775

166.212

TOTAL ASSETS

10.179.793

8.884.927

9.338.892

 

 

 

 

LIABILITIES

 

 

 

STOCKHOLDERS' EQUITY

 

 

 

. Capital stock

1.000.000

1.000.000

1.000.000

. Additional paid-in capital

 

 

 

. Revaluation reserves

1.306.593

1.306.593

1.306.593

. Legal reserve

200.000

200.000

200.000

. Reserve for Own shares

103.291

103.291

103.291

. Statute reserves

 

 

 

. Other reserves

2.279.892

1.476.005

2.370.875

. Accumulated Profits (Losses)

 

 

 

. Profit( loss) of the year

318.234

1.003.880

405.131

. Advances on dividends

 

 

 

. Partial loss of the year Coverage

 

 

 

Total Stockholders'Equity

5.208.010

5.089.769

5.385.890

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

354.754

303.618

269.010

ACCOUNTS PAYABLE

 

 

 

. . . . Within 12 months

4.373.368

3.199.906

3.603.671

. . . . Beyond 12 months

167.840

223.787

 

. . 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

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to other providers of finance

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Advances from customers

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Trade payables

4.055.921

2.973.353

3.404.277

. . . . Within 12 months

4.055.921

2.973.353

3.404.277

. . . . 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

268.426

283.529

54.329

. . . . Within 12 months

100.586

59.742

54.329

. . . . Beyond 12 months

167.840

223.787

 

. . Due to social security and welfare inst.

65.759

65.360

66.799

. . . . Within 12 months

65.759

65.360

66.799

. . . . Beyond 12 months

 

 

 

. . Other payables

151.102

101.451

78.266

. . . . Within 12 months

151.102

101.451

78.266

. . . . Beyond 12 months

 

 

 

Total accounts payable

4.541.208

3.423.693

3.603.671

ADJUSTMENT ACCOUNTS

 

 

 

. Agio on loans

 

 

 

. Other adjustment accounts

75.821

67.847

80.321

Total adjustment accounts

75.821

67.847

80.321

TOTAL LIABILITIES

10.179.793

8.884.927

9.338.892

 

 

 

 

 

 

MEMORANDUM ACCOUNTS

 

Third party goods

 

 

 

Investment accounts

 

 

 

Risk accounts

9.618.781

10.112.452

 

Civil and fiscal norms relation

 

 

 

 

 

 

 

 

 

PROFIT AND LOSS ACCOUNTS

 

VALUE OF PRODUCTION

 

 

 

. Revenues from sales and services

24.850.926

20.201.933

22.576.908

. Changes in work in progress

 

 

 

. Changes in semi-manufact. products

 

 

 

. Capitalization of internal work

 

 

 

. Other income and revenues

92.458

80.217

204.177

. . Contributions for operating expenses

 

 

 

. . Different income and revenues

92.458

80.217

204.177

Total value of production

24.943.384

20.282.150

22.781.085

PRODUCTION COSTS

 

 

 

. Raw material,other materials and consum.

65.238

78.874

68.414

. Services received

 

 

18.918.840

. Leases and rentals

22.718.715

18.076.200

1.143.463

. Payroll and related costs

1.162.328

1.142.260

1.278.177

. . Wages and salaries

841.768

815.957

923.893

. . Social security contributions

261.943

265.258

291.738

. . Employee termination indemnities

58.617

61.045

62.546

. . Pension and similar

 

 

 

. . Other costs

 

 

 

. Amortization and depreciation

302.243

394.845

456.101

. . Amortization of intangible fixed assets

105.594

169.234

172.373

. . Amortization of tangible fixed assets

163.446

154.633

132.646

. . Depreciation of tangible fixed assets

 

 

 

. . Writedown of current receiv.and of liquid

33.203

70.978

151.082

. Changes in raw materials

 

 

 

. Provisions to risk reserves

 

 

 

. Other provisions

 

 

 

. Other operating costs

212.801

164.997

187.251

Total production costs

24.461.325

19.857.176

22.052.246

Diff. between value and cost of product.

482.059

424.974

728.839

FINANCIAL INCOME AND EXPENSE

 

 

 

. Income from equity investments

56.000

 

 

. . In subsidiary companies

56.000

 

 

. . In associated companies

 

 

 

. . In other companies

 

 

 

. Other financial income

5.277

12.284

39.589

. . 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

5.277

12.284

39.589

. . . - Subsidiary companies

 

 

 

. . . - Associated companies

 

 

 

. . . - Holding companies

 

 

 

. . . - Other companies

5.277

12.284

 

. Interest and other financial expense

4.407

3.014

-44.407

. . Towards subsidiary companies

 

 

 

. . Towards associated companies

 

 

 

. . Towards holding companies

 

 

 

. . Towards other companies

-4.407

-3.014

 

Total financial income and expense

65.684

15.298

-4.818

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

2.032

1.031.785

63.029

. . Gains on disposals

 

1.017.211

 

. . Other extraordinary income

2.032

14.574

63.029

. Extraordinary expense

-83

 

 

. . Losses on disposals

 

 

 

. . Taxes relating to prior years

 

 

 

. . Other extraordinary expense

-83

 

 

Total extraordinary income and expense

1.949

1.031.785

63.029

Results before income taxes

549.692

1.472.057

787.050

. Taxes on current income

231.458

468.177

381.919

. . current taxes

287.405

244.390

381.919

. . differed taxes(anticip.)

-55.947

223.787

 

. Net income for the period

318.234

1.003.880

405.131

. Adjustments in tax regulations pursuance

 

 

 

. Provisions in tax regulations pursuance

 

 

 

. Profit (loss) of the year

318.234

1.003.880

405.131

 

RATIOS

Value Type

as at 31/12/2010

as at 31/12/2009

as at 31/12/2008

Sector Average

COMPOSITION ON INVESTMENT

 

 

 

 

 

Rigidity Ratio

Units

0,19

0,25

0,29

0,26

Elasticity Ratio

Units

0,81

0,73

0,70

0,70

Availability of stock

Units

n.c.

n.c.

n.c.

0,01

Total Liquidity Ratio

Units

0,81

0,73

0,70

0,68

Quick Ratio

Units

0,05

0,13

0,16

0,02

COMPOSITION ON SOURCE

 

 

 

 

 

Net Short-term indebtedness

Units

0,73

0,40

0,40

5,81

Self Financing Ratio

Units

0,51

0,57

0,58

0,11

Capital protection Ratio

Units

0,75

0,61

0,74

0,51

Liabilities consolidation quotient

Units

0,12

0,16

0,07

0,14

Financing

Units

0,87

0,67

0,67

7,10

Permanent Indebtedness Ratio

Units

0,56

0,63

0,61

0,25

M/L term Debts Ratio

Units

0,05

0,06

0,03

0,10

Net Financial Indebtedness Ratio

Units

0,00

0,00

0,00

1,43

CORRELATION

 

 

 

 

 

Fixed assets ratio

Units

3,02

2,48

2,12

1,00

Current ratio

Units

1,89

2,03

1,81

0,97

Acid Test Ratio-Liquidity Ratio

Units

1,89

2,03

1,81

0,95

Structure's primary quotient

Units

2,74

2,25

2,02

0,51

Treasury's primary quotient

Units

0,12

0,36

0,40

0,03

Rate of indebtedness ( Leverage )

%

195,46

174,56

173,40

857,14

Current Capital ( net )

Value

3.889.351

3.311.563

2.903.791

-20.035

RETURN

 

 

 

 

 

Return on Sales

%

2,50

6,92

3,81

2,31

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

%

6,11

19,72

7,52

5,42

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

%

10,55

28,92

14,61

19,29

Return on Investment ( R.O.I. )

%

4,74

4,78

7,80

2,89

Return/ Sales

%

1,94

2,10

3,23

2,01

Extra Management revenues/charges incid.

%

66,02

236,22

55,59

19,15

Cash Flow

Value

620.477

1.398.725

861.232

39.460

Operating Profit

Value

482.059

424.974

728.839

36.110

Gross Operating Margin

Value

784.302

819.819

1.184.940

81.794

MANAGEMENT

 

 

 

 

 

Credits to clients average term

Days

106,94

89,38

75,77

104,40

Debts to suppliers average term

Days

64,09

58,96

60,88

101,19

Average stock waiting period

Days

n.c.

n.c.

n.c.

2,66

Rate of capital employed return ( Turnover )

Units

2,44

2,27

2,42

1,59

Rate of stock return

Units

n.c.

n.c.

n.c.

135,14

Labour cost incidence

%

4,68

5,65

5,66

20,15

Net financial revenues/ charges incidence

%

0,26

0,08

-0,02

-1,16

Labour cost on purchasing expenses

%

4,75

5,75

5,80

20,03

Short-term financing charges

%

n.c.

n.c.

1,23

2,56

Capital on hand

%

40,96

43,98

41,36

62,78

Sales pro employee

Value

690.303

577.198

705.528

180.722

Labour cost pro employee

Value

32.286

32.636

39.943

33.856


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.70

UK Pound

1

Rs.87.55

Euro

1

Rs.68.85

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.