MIRA INFORM REPORT

 

 

Report Date :

14.03.2012

 

IDENTIFICATION DETAILS

 

Name :

ODIBI S.R.L.

 

 

Registered Office :

 

Via Venezia, 35

33085 – Maniago (PN)

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

23.09.1996

 

 

Com. Reg. No.:

PN-1996-59042 since 27/06/1996

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesale of fire-prevention and accident-prevention goods

 

 

No. of Employees :

From 11 to 15

 

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

 

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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 and address

 

Odibi S.r.l.

 

Via Venezia, 35

33085 – Maniago (PN)

 

 

Summary

 

Fiscal Code

:

01312830936

Legal Form

:

Limited liability company

start of Activities

:

23/09/1996

Equity

:

Over 2.582.254 Eur

Turnover Range

:

10.000.000/12.750.000 Eur

Number of Employees

:

from 11 to 15

 

 

 

Activity

 

Wholesale of fire-prevention and accident-prevention goods

 

Legal Data

 

Legal Form : Limited liability company

Fiscal Code : 01312830936

 

Foreign Trade Reg. no. : PN014122 since 10/03/1997

 

Chamber of Commerce no. : 56855 of Pordenone since 29/04/1996

 

Firms' Register : PN-1996-59042 since 27/06/1996

 

V.A.T. Code : 01312830936

 

R. E. C. no. : 19699 of Pordenone since 09/09/1996

 

Establishment date

: 04/03/1996

Start of Activities

: 23/09/1996

Legal duration

: 31/12/2050

Nominal Capital

: 10.400

Eur

Subscribed Capital

: 10.400

Eur

Paid up Capital

: 10.400

Eur

 

Members

 

 

Di Bon

Orlando

 

 

 

Born in Maniago

(PN)

on 30/07/1946

- Fiscal Code : DBNRND46L30E889N

 

 

 

Residence :

Via

Sacile

, 4

- 33085

Maniago

(PN)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

21/05/2007

 

 

Board Chairman

21/05/2007

 

 

 

 

No Protests registered

 

 

Venier

Carla

 

 

 

Born in Maniago

(PN)

on 12/03/1970

- Fiscal Code : VNRCRL70C52E889G

 

 

 

Residence :

Via

Sacile

, 6

- 33085

Maniago

(PN)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

21/05/2007

 

 

 

 

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.

 

 

DI BON

ORLANDO

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

ODIBI IMPORT EXPORT DI DI BON ORLANDO

Maniago (PN) - IT -

DBNRND46L30E889N

Proprietor

Withdrawn

Ceased

ORMA S.R.L.

Maniago (PN) - IT -

01555240934

Director

Active

Registered

ORMA S.R.L.

Maniago (PN) - IT -

01555240934

Board Chairman

Active

Registered

SOCIETA' COOPERATIVA SOCIALE SAN MAURO

Maniago (PN) - IT -

01251760938

Director

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

Venier Carla

Maniago - IT -

VNRCRL70C52E889G

4.160 .Eur

40,00

Di Bon Orlando

 

DBNRND46L30E889N

5.928 .Eur

57,00

Santafede Massimo

 

SNTMSM74D23A757V

312 .Eur

3,00

 

Direct Participations

 

The Company under review has no participations in other Companies.

 


Firm's location and structure

 

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

 

-

Legal and operative seat

 

 

 

 

 

 

Via

Venezia

, 35

- 33085

- Maniago

(PN)

- IT -

 

 

 

 

PHONE

: 0427/71813

 

 

 

 

Employees

: 11

 

Fittings and Equipment for a value of 3.000

Eur

 

Stocks for a value of 3.850.000

Eur

 

Trade organization: direct or by agents.

Sales area on a national scale.

 

 

 

Historical Information and/or Firm's Status

 

CEASINGS/INCORPORATIONS/MERGES:

 

 

Project of splitting-up and tranfer into

 

 

 

Orma S.r.l.

 

 

 

Via

Sacile

, 6

, 33085

, Maniago

(PN)

- IT -

 

 

 

Fiscal Code: 01555240934

 

 

 

Date

Merging/splitting-up project :

15/10/2007

 

 

Splitting-up and transfer of assets to

 

 

 

Orma S.r.l.

 

 

 

Via

Sacile

, 6

, 33085

, Maniago

(PN)

- IT -

 

 

 

Fiscal Code: 01555240934

 

 

 

Date

Splitting-up :

29/02/2008

 


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 1996

The analysis is based on the latest 3 balance sheets.

Under an economic point of view, profits were registered during the last years with a r.o.e. of 19,48% in 2010 and during the last financial year an increase in sales volume was registered (+19,03% in 2010).

The return on Investment in the last financial year was positive (10,97%) and reflects the field's average.

An operating result of Eur. 1.037.139 has been registered. rising (+55,26%) in relation to the previous year.

A gross operating margine for a value of Eur. 1.142.923 was reached. with a 37,44% increase as opposed to the preceding year.

The financial status of the company is fairly balanced with an indebtedness level of 1,51 but with an increase as against the previous accounting period.

Subject can manage an equity capital funds for an amount of Eur. 3.668.331 , unchanged if compared to 2009.

Total indebtedness amounts to Eur. 5.538.120, , showing an upward trend if compared to 2009.

Moderate recourse to bank credit while the exposure towards suppliers is rather high but lined up with the field's average.

Liquidity is good (1,5)

Due from customers average term is high and equal to 148,89 days. and higher than the average of the sector.

2010 financial year closed with a cash flow of Eur. 820.457

In the last financial year labour cost was of Eur. 427.615, with a 4,39% incidence on total costs of production. , with a 3,98% incidence on turnover.

No incidence of financial charges as lower than the incomes.


Financial Data

 

 

 

Complete balance-sheet for the year

31/12/2010

(in Eur

x 1 )

 

Item Type

Value

Sales

10.746.303

Profit (Loss) for the period

714.673

 

 

 

Complete balance-sheet for the year

31/12/2009

(in Eur

x 1 )

 

Item Type

Value

Sales

9.027.533

Profit (Loss) for the period

374.873

 

 

 

Complete balance-sheet for the year

31/12/2008

(in Eur

x 1 )

 

Item Type

Value

Sales

11.784.402

Profit (Loss) for the period

416.132

 

 

 

Complete balance-sheet for the year

31/12/2007

(in Eur

x 1 )

 

Item Type

Value

Sales

11.144.814

Profit (Loss) for the period

421.889

 

 

 

Complete balance-sheet for the year

31/12/2006

(in Eur

x 1 )

 

Item Type

Value

Sales

10.084.854

Profit (Loss) for the period

362.407


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: Eur - Amounts x 1

 

- 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

 

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.

 

 

3.000

. . Industrial patent rights

 

 

13.904

. . Concessions,licenses,trademarks,etc.

113

1.254

 

. . Goodwill

 

 

 

. . Assets in formation and advance paymen.

 

 

 

. . Other intangible fixed assets

 

 

 

. Total Intangible Fixed Assets

113

1.254

16.904

. TANGIBLE FIXED ASSETS

 

 

 

. . Real estate

 

185.030

1.183

. . Plant and machinery

394

789

4.632

. . Industrial and commercial equipment

1.252

2.179

26.032

. . Other assets

8.433

9.040

5.295

. . Assets under construction and advances

504.824

5.295

 

. Total Tangible fixed assets

514.903

202.333

37.142

. FINANCIAL FIXED ASSETS

 

 

 

. . Equity investments

245

245

245

. . . Equity invest. in subsidiary companies

 

 

 

. . . Equity invest. in associated companies

 

 

 

. . . Equity invest. in holding companies

 

 

 

. . . Equity invest. in other companies

245

245

245

. . Financial receivables

470

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

470

 

 

. . . 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

470

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

470

 

 

. . Other securities

 

 

 

. . Own shares

 

 

 

. . . Total nominal value

 

 

 

. Total financial fixed assets

715

245

245

Total fixed assets

515.731

203.832

54.291

CURRENT ASSETS

 

 

 

. INVENTORIES

 

 

 

. . Raw materials and other consumables

 

 

5.122.673

. . Work in progress and semimanufactured

 

 

 

. . Work in progress on order

 

 

 

. . Finished goods

3.572.072

3.831.365

131.138

. . Advance payments

275.311

229.618

 

. Total Inventories

3.847.383

4.060.983

5.253.811

. CREDITS NOT HELD AS FIXED ASSETS

 

 

 

. . Within 12 months

4.445.525

3.648.839

4.514.596

. . Beyond 12 months

 

160

160

. . Trade receivables

4.444.445

3.572.895

4.431.777

. . . . Within 12 months

4.444.445

3.572.895

4.431.777

. . . . 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

6

74.880

82.724

. . . . Within 12 months

6

74.880

82.724

. . . . Beyond 12 months

 

 

 

. . Receivables for anticipated taxes

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Receivables due from third parties

1.074

1.224

255

. . . . Within 12 months

1.074

1.064

95

. . . . Beyond 12 months

 

160

160

. Total Credits not held as fixed assets

4.445.525

3.648.999

4.514.756

. 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

 

 

29.312

. . Checks

 

 

 

. . Banknotes and coins

2.550

4.666

2.628

. Total Liquid funds

2.550

4.666

31.940

Total current assets

8.295.458

7.714.648

9.800.507

ADJUSTMENT ACCOUNTS

 

 

 

. Discount on loans

646.711

4.396

 

. Other adjustment accounts

 

 

22.491

Total adjustments accounts

646.711

4.396

22.491

TOTAL ASSETS

9.457.900

7.922.876

9.877.289

 

 

 

 

LIABILITIES

 

 

 

STOCKHOLDERS' EQUITY

 

 

 

. Capital stock

10.400

10.400

10.400

. Additional paid-in capital

 

 

 

. Revaluation reserves

 

 

 

. Legal reserve

39.606

39.606

39.606

. Reserve for Own shares

 

 

 

. Statute reserves

 

 

 

. Other reserves

275.200

275.202

275.202

. Accumulated Profits (Losses)

2.628.452

2.453.579

2.207.447

. Profit( loss) of the year

714.673

374.873

416.132

. Advances on dividends

 

 

 

. Partial loss of the year Coverage

 

 

 

Total Stockholders'Equity

3.668.331

3.153.660

2.948.787

RESERVES FOR RISKS AND CHARGES

 

 

 

. . Reserve for employee termination indem.

113.621

103.291

92.962

. . Taxation fund, also differed

 

 

 

. . Other funds

 

 

 

Total Reserves for Risks and Charges

113.621

103.291

92.962

Employee termination indemnities

103.400

86.887

70.869

ACCOUNTS PAYABLE

 

 

 

. . . . Within 12 months

5.538.120

4.545.325

6.722.389

. . . . Beyond 12 months

 

 

 

. . 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

2.938.245

3.175.615

5.302.870

. . . . Within 12 months

2.938.245

3.175.615

5.302.870

. . . . Beyond 12 months

 

 

 

. . Due to other providers of finance

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Advances from customers

 

4.824

234

. . . . Within 12 months

 

4.824

234

. . . . Beyond 12 months

 

 

 

. . Trade payables

2.333.695

1.274.089

1.361.684

. . . . Within 12 months

2.333.695

1.274.089

1.361.684

. . . . 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

209.286

60.015

19.379

. . . . Within 12 months

209.286

60.015

19.379

. . . . Beyond 12 months

 

 

 

. . Due to social security and welfare inst.

30.190

16.117

17.459

. . . . Within 12 months

30.190

16.117

17.459

. . . . Beyond 12 months

 

 

 

. . Other payables

26.704

14.665

20.763

. . . . Within 12 months

26.704

14.665

20.763

. . . . Beyond 12 months

 

 

 

Total accounts payable

5.538.120

4.545.325

6.722.389

ADJUSTMENT ACCOUNTS

 

 

 

. Agio on loans

 

 

 

. Other adjustment accounts

34.428

33.713

42.282

Total adjustment accounts

34.428

33.713

42.282

TOTAL LIABILITIES

9.457.900

7.922.876

9.877.289

 

 

 

 

 

 

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

10.746.306

9.027.534

11.784.402

. Changes in work in progress

 

 

 

. Changes in semi-manufact. products

 

 

 

. Capitalization of internal work

 

 

 

. Other income and revenues

34.014

36.280

65.565

. . Contributions for operating expenses

 

12.154

13.913

. . Different income and revenues

34.014

24.126

51.652

Total value of production

10.780.320

9.063.814

11.849.967

PRODUCTION COSTS

 

 

 

. Raw material,other materials and consum.

8.251.501

5.923.304

9.890.421

. Services received

 

 

518.152

. Leases and rentals

682.726

643.801

162.144

. Payroll and related costs

427.615

363.891

458.224

. . Wages and salaries

308.634

265.005

345.521

. . Social security contributions

94.691

78.284

93.262

. . Employee termination indemnities

24.290

20.602

19.441

. . Pension and similar

 

 

 

. . Other costs

 

 

 

. Amortization and depreciation

105.784

163.541

223.514

. . Amortization of intangible fixed assets

1.443

15.649

16.096

. . Amortization of tangible fixed assets

5.543

6.738

14.598

. . Depreciation of tangible fixed assets

 

 

 

. . Writedown of current receiv.and of liquid

98.798

141.154

192.820

. Changes in raw materials

259.294

1.291.308

-221.933

. Provisions to risk reserves

 

 

 

. Other provisions

 

 

 

. Other operating costs

16.261

9.973

15.240

Total production costs

9.743.181

8.395.818

11.045.762

Diff. between value and cost of product.

1.037.139

667.996

804.205

FINANCIAL INCOME AND EXPENSE

 

 

 

. Income from equity investments

 

 

 

. . In subsidiary companies

 

 

 

. . In associated companies

 

 

 

. . In other companies

 

 

 

. Other financial income

54.778

33.413

63.713

. . 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

54.778

33.413

63.713

. . . - Subsidiary companies

 

 

 

. . . - Associated companies

 

 

 

. . . - Holding companies

 

 

 

. . . - Other companies

54.778

33.413

 

. Interest and other financial expense

8.836

-80.097

-156.557

. . Towards subsidiary companies

 

 

 

. . Towards associated companies

 

 

 

. . Towards holding companies

 

 

 

. . Towards other companies

-8.836

80.097

 

Total financial income and expense

63.614

-46.684

-92.844

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

. . Gains on disposals

 

 

 

. . Other extraordinary income

 

 

2

. Extraordinary expense

 

 

 

. . Losses on disposals

 

 

 

. . Taxes relating to prior years

 

 

 

. . Other extraordinary expense

 

 

 

Total extraordinary income and expense

 

 

2

Results before income taxes

1.100.753

621.312

711.363

. Taxes on current income

386.080

246.439

295.231

. . current taxes

386.080

246.439

295.231

. . differed taxes(anticip.)

 

 

 

. Net income for the period

714.673

374.873

416.132

. Adjustments in tax regulations pursuance

 

 

 

. Provisions in tax regulations pursuance

 

 

 

. Profit (loss) of the year

714.673

374.873

416.132

 

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

0,05

0,03

0,01

0,10

Elasticity Ratio

Units

0,88

0,97

0,99

0,87

Availability of stock

Units

0,41

0,51

0,53

0,21

Total Liquidity Ratio

Units

0,47

0,46

0,46

0,61

Quick Ratio

Units

0,00

0,00

0,00

0,03

COMPOSITION ON SOURCE

 

 

 

 

 

Net Short-term indebtedness

Units

1,51

1,44

2,27

4,04

Self Financing Ratio

Units

0,39

0,40

0,30

0,16

Capital protection Ratio

Units

0,80

0,88

0,86

0,59

Liabilities consolidation quotient

Units

0,02

0,02

0,01

0,11

Financing

Units

1,51

1,44

2,28

4,85

Permanent Indebtedness Ratio

Units

0,40

0,41

0,31

0,26

M/L term Debts Ratio

Units

0,01

0,01

0,01

0,07

Net Financial Indebtedness Ratio

Units

0,80

1,01

1,79

1,01

CORRELATION

 

 

 

 

 

Fixed assets ratio

Units

7,31

15,90

55,62

2,12

Current ratio

Units

1,50

1,70

1,46

1,16

Acid Test Ratio-Liquidity Ratio

Units

0,80

0,80

0,68

0,88

Structure's primary quotient

Units

7,11

15,47

54,31

1,40

Treasury's primary quotient

Units

0,00

0,00

0,00

0,04

Rate of indebtedness ( Leverage )

%

257,83

251,23

334,96

620,22

Current Capital ( net )

Value

2.757.338

3.169.323

3.078.118

131.413

RETURN

 

 

 

 

 

Return on Sales

%

7,63

5,96

5,43

2,27

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

%

19,48

11,89

14,11

6,70

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

%

30,01

19,70

24,12

18,85

Return on Investment ( R.O.I. )

%

10,97

8,43

8,14

4,76

Return/ Sales

%

9,65

7,40

6,82

3,70

Extra Management revenues/charges incid.

%

68,91

56,12

51,74

28,15

Cash Flow

Value

820.457

538.414

639.646

39.655

Operating Profit

Value

1.037.139

667.996

804.205

63.123

Gross Operating Margin

Value

1.142.923

831.537

1.027.719

99.042

MANAGEMENT

 

 

 

 

 

Credits to clients average term

Days

148,89

142,48

135,39

119,16

Debts to suppliers average term

Days

94,04

69,84

46,37

116,83

Average stock waiting period

Days

128,89

161,94

160,50

58,39

Rate of capital employed return ( Turnover )

Units

1,14

1,14

1,19

1,36

Rate of stock return

Units

2,79

2,22

2,24

6,14

Labour cost incidence

%

3,98

4,03

3,89

8,98

Net financial revenues/ charges incidence

%

0,59

- 0,52

- 0,79

- 1,08

Labour cost on purchasing expenses

%

4,39

4,33

4,15

8,98

Short-term financing charges

%

n.c.

1,76

2,33

2,60

Capital on hand

%

88,01

87,76

83,82

73,17

Sales pro employee

Value

826.638

820.684

1.178.440

394.001

Labour cost pro employee

Value

32.893

33.081

45.822

34.340

 

 

Market / Territory Data

 

Population living in the province

:

297.699

Population living in the region

:

1.204.718

Number of families in the region

:

516.349

 

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

 

- per food products

:

377

- per non food products

:

1.727

- per energy consume

:

114

 

Sector Data

 

The values are calculated on a base of 2.551 significant companies.

The companies cash their credits on an average of 119 dd.

The average duration of suppliers debts is about 116 dd.

The sector's profitability is on an average of 2,27%.

The labour cost affects the turnover in the measure of 8,98%.

Goods are held in stock in a range of 58 dd.

The difference between the sales volume and the resources used to realize it is about 1,36.

The employees costs represent the 8,98% of the production costs.

 

Statistical Detrimental Data

 

The area is statistically considered lowly risky.

In the region 3.901 protested subjects are found; in the province they count to 695.

The insolvency index for the region is 0,33, , while for the province it is 0,24.

Total Bankrupt companies in the province : 1.260.

Total Bankrupt companies in the region : 5.085.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.84

UK Pound

1

Rs.77.97

Euro

1

Rs.65.61

 

 

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.