MIRA INFORM REPORT

 

 

Report Date :

10.11.2012

 

IDENTIFICATION DETAILS

 

Name :

TEDDY - S.P.A.

 

 

Registered Office :

Via Coriano, 58 Gros Rimini Blocco 9

47037- Rimini  (RN) -IT-

 

 

 

 

Country :

Italy

 

 

 

 

Financials (as on) :

31.12.2011

 

 

 

 

Date of Incorporation :

01.09.1981

 

 

 

 

Com. Reg. No.:

RN014-4599 of since 19/02/1996

 

 

 

 

Legal Form :

Joint stock company

 

 

 

 

Line of Business :

Wholesale of clothing and accessories

 

 

 

 

No. of Employees :

from 750 to 1000

 

 

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 :

Regular

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

Italy

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

ITALY - ECONOMIC OVERVIEW

 

Italy has a diversified industrial economy, which is divided into a developed industrial north, dominated by private companies, and a less-developed, welfare-dependent, agricultural south, with high unemployment. The Italian economy is driven in large part by the manufacture of high-quality consumer goods produced by small and medium-sized enterprises, many of them family owned. Italy also has a sizable underground economy, which by some estimates accounts for as much as 17% of GDP. These activities are most common within the agriculture, construction, and service sectors. Italy is the third-largest economy in the euro-zone, but exceptionally high public debt burdens and structural impediments to growth have rendered it vulnerable to scrutiny by financial markets. Public debt has increased steadily since 2007, reaching 120% of GDP in 2011, and borrowing costs on sovereign government debt have risen to record levels. During the second half of 2011 the government passed a series of three austerity packages to balance its budget by 2013 and decrease its public debt burden. These measures included a hike in the value-added tax, pension reforms, and cuts to public administration. The government also faces pressure from investors and European partners to address Italy's long-standing structural impediments to growth, such as an inflexible labor market and widespread tax evasion. The international financial crisis worsened conditions in Italy''s labor market, with unemployment rising from 6.2% in 2007 to 8.4% in 2011, but in the longer-term Italy''s low fertility rate and quota-driven immigration policies will increasingly strain its economy. The euro-zone crisis along with Italian austerity measures have reduced exports and domestic demand, slowing Italy''s recovery. Italy''s GDP is still 5% below its 2007 pre-crisis level.

Source : CIA

COMPANY NAME

 

TEDDY - S.P.A.

 

Via Coriano, 58 Gros Rimini Blocco 9

 

47037 - Rimini (RN) -IT-

 

 

Summary

 

Fiscal Code

:

00953910403

Legal Form

:

Joint stock company

start of Activities

:

01/09/1981

Equity

:

Over 2.582.254

Turnover Range

:

over 129.114.224

Number of Employees

:

from 750 to 1000

 

 

Activity

 

Wholesale of clothing and accessories

Retail sale of clothing in specialised stores

 

 

Legal Data

 

Legal Form : Joint stock company

Fiscal Code : 00953910403

 

Foreign Trade Reg. no. : RN001457 since 23/01/1992

 

Foreign Trade Reg. no. : 001457 of since 23/01/1992

 

Chamber of Commerce no. : 106325 of

 

Chamber of Commerce no. : 131350 of

 

Chamber of Commerce no. : 127683 of

 

Chamber of Commerce no. : 158169 of

 

Chamber of Commerce no. : 532168 of

 

Chamber of Commerce no. : 193215 of

 

Chamber of Commerce no. : 331276 of

 

Chamber of Commerce no. : 132128 of

 

Chamber of Commerce no. : 282089 of

 

Chamber of Commerce no. : 325048 of

 

Chamber of Commerce no. : 198405 of

 

Chamber of Commerce no. : 276695 of

 

Chamber of Commerce no. : 600418 of

 

Chamber of Commerce no. : 190509 of

 

Chamber of Commerce no. : 322570 of

 

Chamber of Commerce no. : 1877070 of

 

Chamber of Commerce no. : 105932 of

 

Chamber of Commerce no. : 1788666 of

 

Chamber of Commerce no. : 1914764 of

 

Chamber of Commerce no. : 248179 of

 

Chamber of Commerce no. : 153138 of

 

Chamber of Commerce no. : 167433 of

 

Chamber of Commerce no. : 173163 of

 

Chamber of Commerce no. : 141527 of

 

Chamber of Commerce no. : 275916 of

 

Chamber of Commerce no. : 101253 of

 

Chamber of Commerce no. : 171557 of

 

Chamber of Commerce no. : 1316138 of

 

Chamber of Commerce no. : 190509 of since 20/10/1981

 

Chamber of Commerce no. : 122355 of

 

Chamber of Commerce no. : 176833 of

 

Chamber of Commerce no. : 157363 of

 

Chamber of Commerce no. : 96187 of

 

Chamber of Commerce no. : 340337 of

 

Firms' Register : RN014-4599 of since 19/02/1996

 

V.A.T. Code : 00953910403

 

Foundation date

: 09/07/1981

Establishment date

: 09/07/1981

Start of Activities

: 01/09/1981

Legal duration

: 31/12/2020

Nominal Capital

: 50.000.000

 

Subscribed Capital

: 36.268.700

 

Paid up Capital

: 36.268.700

 

 

 

Members

 

Tadei

Vittorio

 

 

Born in Rimini

(FO)

on 06/04/1935

- Fiscal Code : TDAVTR35D06H294E

 

 

Residence:

 

Venere

, 3

- 47923

Rimini

(RN)

- IT -

 

Position

Since

Shares Amount

% Ownership

Sole Director

07/04/2011

 

 

 

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

T e M Holding S.p.A.

Rimini - IT -

00881860407

35.906.013 .Eur

99,00

Tadei Vittorio

Rimini - IT -

TDAVTR35D06H294E

362.687 .Eur

1,00

 

 

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

MONDIAL-TEX S.R.L.

Rimini - IT -

00893480400

5.371 .Eur

52,00

 

 

Active

NEW BARRY S.R.L.

Rimini - IT -

01440820403

10.226 .Eur

98,99

 

 

Active

MILANO 5 - S.R.L.

Rimini (FO) - IT -

06611480150

9.296 .Eur

90,00

 

 

Active

EUROSTIL SRL

Carpi - IT -

01023890369

9.800 .Eur

98,00

 

 

Active

Barry S.r.l.

Rimini - IT -

00843090408

6.197 .Eur

60,00

 

 

Active

NEW FOLKINO - S.R.L.

Rimini - IT -

01325150405

8.263 .Eur

80,00

 

 

Active

NUOVA MONDIALTEX S.R.L.

Rimini - IT -

02341350409

10.329 .Eur

99,99

 

 

Active

Nettuno - S.r.l.

Rimini - IT -

04171450374

9.828 .Eur

90,00

 

 

Active

New Team S.R.L.

Rimini - IT -

00422530550

10.329 .Eur

100,00

 

 

Active

Miss Miss S.r.l.

Rimini - IT -

02521950408

490.000 .Eur

70,00

 

 

Active

Consorzio Promo Al Centergross

Argelato - IT -

01795281201

2.582 .Eur

9,99

 

 

Active

Consorzio Galleria Italiana

Rimini - IT -

02572510408

258 .Eur

12,50

 

 

Active

Consorzio Operatori Centro Commerciale Q Uarto Nuovo

Quarto - IT -

05882061210

 

 

 

 

Active

Consorzio Shopping Center Mondovicino E Retail Park

Mondovi' - IT -

03201500042

 

 

 

 

Active

Young Team S.r.l.

Firenze - IT -

05496030486

50.000 .Eur

100,00

 

 

Active

ASSOSVILUPPO SOCIETA' CONSORTILE A RESPO NSABILITA' LIMITATA

 

03271860409

520 .Eur

5,00

 

 

Active

GOLF S.R.L.

Rimini - IT -

03463960405

10.000 .Eur

100,00

 

 

Active



Firm's location and structure

 

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

 

-

Legal and operative seat

 

 

 

 

 

 

 

Coriano Gros Rimini Blocco 97

, 58

- 47037

- Rimini

(RN)

- IT -

 

 

 

 

Trading Style: Terranova

 

 

 

 

PHONE

: 0541301411

 

 

 

 

FAX

: 0541383430

 

-

Branch

(Shop)

since 05/09/2009

 

 

 

 

 

 

Cornelio Tacito

, 39

- 05100

- Terni

(TR)

- IT -

 

 

 

 

Trading Style: TERRANOVA

 

 

 

 

Total Surface: 249 Sq.mt.

 

 

 

 

PHONE

: 051864330

 

 

 

 

PHONE

: 0733816531

 

-

Branch

(Shop)

since 05/09/2009

until 31/08/1996

 

 

 

 

 

 

Cornelio Tacito

, 47

- 05100

- Terni

(TR)

- IT -

 

 

 

 

Trading Style: TERRANOVA KIDS

 

 

 

 

Total Surface: 67 Sq.mt.

 

-

Branch

(Shop)

since 15/10/2005

 

 

 

 

 

 

Umberto I

, 31

- 62012

- Civitanova Marche

(MC)

- IT -

 

 

 

 

Trading Style: TERRANOVA

 

 

 

 

Total Surface: 80 Sq.mt.

 

-

Branch

(Shop)

since 09/09/2006

 

 

 

 

 

 

Umberto I

, 122

- 62012

- Civitanova Marche

(MC)

- IT -

 

 

 

 

Trading Style: CALLIOPE

 

 

 

 

Total Surface: 190 Sq.mt.

 

-

Branch

(Shop)

since 24/10/2009

 

 

 

 

 

 

Cavour

, 46/48

- 62100

- Macerata

(MC)

- IT -

 

 

 

 

Total Surface: 244 Sq.mt.

 

-

Branch

(Shop)

since 08/08/1992

 

 

 

 

 

 

Garibaldi Giuseppe

, 121

- 60100

- Ancona

(AN)

- IT -

 

 

 

 

Trading Style: ANTEPRIMA MODA

 

 

 

 

Total Surface: 71 Sq.mt.

 

-

Branch

(Shop)

since 07/04/2001

 

 

 

 

 

 

Gramsci

, 14,16,18

- 60033

- Chiaravalle

(AN)

- IT -

 

 

 

 

Total Surface: 203 Sq.mt.

 

-

Branch

(Shop)

since 21/07/1997

 

 

 

 

 

 

Pasquinelli Angolo Pirani

- 60035

- Jesi

(AN)

- IT -

 

 

 

 

Trading Style: KITANA

 

 

 

 

Total Surface: 543 Sq.mt.

 

-

Branch

(Shop)

since 04/04/2002

 

 

 

 

 

 

Matteotti

, 5

- 60035

- Jesi

(AN)

- IT -

 

 

 

 

Trading Style: TERRANOVA

 

 

 

 

Total Surface: 175 Sq.mt.

 

-

Branch

(Shop)

since 17/02/2009

 

 

 

 

 

 

Garibaldi

, 97

- 60100

- Ancona

(AN)

- IT -

 

 

 

 

Trading Style: TERRANOVA

 

 

 

 

Total Surface: 250 Sq.mt.

 

-

Branch

(Shop)

since 29/06/1993

 

 

 

 

 

 

Moretti

, 70

- 63039

- San Benedetto del Tronto

(AP)

- IT -

 

 

 

 

Total Surface: 115 Sq.mt.

 

-

Branch

(Store)

since 10/09/1990

 

 

 

 

 

 

Centergross

, Loc: FUNO

- 40050

- Argelato

(BO)

- IT -

 

 

 

 

Trading Style: TEDDY

 

-

Branch

(Shop)

since 01/07/1986

 

 

 

 

 

 

Branca

, 46/48/52

- 61100

- Pesaro

(PS)

- IT -

 

 

 

 

Total Surface: 206 Sq.mt.

 

-

Branch

(Shop)

since 03/09/2009

until 15/03/1998

 

 

 

 

 

 

San Romano

, 20/22

- 44100

- Ferrara

(FE)

- IT -

 

 

 

 

Trading Style: CALLIOPE

 

 

 

 

Total Surface: 137 Sq.mt.

 

-

Branch

(Shop)

since 29/11/2000

 

 

 

 

 

 

D'augusto

, 119

- 47037

- Rimini

(RN)

- IT -

 

 

 

 

Trading Style: KOE'

 

 

 

 

Total Surface: 47 Sq.mt.

 

-

Branch

(Store)

since 23/05/2001

 

 

 

 

 

 

Coriano Bl. 95/a/b/c/d

, 58

- 47037

- Rimini

(RN)

- IT -

 

 

 

 

Trading Style: TEDDY

 

-

Branch

(Store)

since 02/08/1999

 

 

 

 

 

 

Dei Setaioli - Blocco 3

, -

- 40050

- Argelato

(BO)

- IT -

 

-

Branch

(Workshop)

since 11/05/2005

 

 

 

 

 

 

Coriano

, 58

- 47037

- Rimini

(RN)

- IT -

 

-

Branch

(Shop)

since 31/10/2009

 

 

 

 

 

 

Xx Settembre

, 14

- 29100

- Piacenza

(PC)

- IT -

 

 

 

 

Trading Style: TERRANOVA

 

 

 

 

Total Surface: 120 Sq.mt.

 

-

Branch

(Shop)

since 05/12/2009

 

 

 

 

 

 

Caduti Di Nassiriya

, 20

- 47037

- Rimini

(RN)

- IT -

 

 

 

 

Trading Style: TERRANOVA

 

 

 

 

Total Surface: 657 Sq.mt.

 

-

Branch

(Shop)

since 16/12/2009

 

 

 

 

 

 

Caduti Di Nassiriya

, 20

- 47037

- Rimini

(RN)

- IT -

 

 

 

 

Trading Style: CALLIOPE

 

 

 

 

Total Surface: 330 Sq.mt.

 

-

Branch

(Shop)

since 11/09/2010

 

 

 

 

 

 

Roma

, 11

- 52025

- Montevarchi

(AR)

- IT -

 

 

 

 

Total Surface: 160 Sq.mt.

 

-

Branch

(Shop)

since 03/09/2010

 

 

 

 

 

 

Vittorio Emanuele

, 204/206

- 70059

- Trani

(BA)

- IT -

 

 

 

 

Total Surface: 150 Sq.mt.

 

-

Branch

(Shop)

since 04/09/2010

 

 

 

 

 

 

Italia

, 4

- 70059

- Trani

(BA)

- IT -

 

 

 

 

Total Surface: 387 Sq.mt.

 

-

Branch

(Shop)

since 21/09/2010

 

 

 

 

 

 

Repubblica Italiana 96/98/

, 100/102

- 70032

- Bitonto

(BA)

- IT -

 

 

 

 

Total Surface: 150 Sq.mt.

 

-

Branch

(Shop)

since 09/02/2010

 

 

 

 

 

 

Rizzoli

, 7

- 40100

- Bologna

(BO)

- IT -

 

-

Branch

(Shop)

since 21/08/2009

 

 

 

 

 

 

Umberto I

, 91/93

- 72100

- Brindisi

(BR)

- IT -

 

 

 

 

Trading Style: TERRANOVA

 

 

 

 

Total Surface: 250 Sq.mt.

 

-

Branch

(Shop)

since 28/04/2010

 

 

 

 

 

 

Cerea

, 15/INT20

- 12084

- Mondovi'

(CN)

- IT -

 

 

 

 

Total Surface: 200 Sq.mt.

 

-

Branch

(Shop)

since 28/04/2010

 

 

 

 

 

 

Cerea

, 15/INT24

- 12084

- Mondovi'

(CN)

- IT -

 

 

 

 

Total Surface: 210 Sq.mt.

 

-

Branch

(Shop)

since 01/10/2010

 

 

 

 

 

 

Della Stazione Galleria

, 14/34

- 50100

- Firenze

(FI)

- IT -

 

-

Branch

(Shop)

 

 

 

 

 

 

Umberto I N. 115,117,119,121

- 62012

- Civitanova Marche

(MC)

- IT -

 

 

 

 

Trading Style: TERRANOVA

 

 

 

 

Total Surface: 250 Sq.mt.

 

-

Branch

 

since 16/10/2009

 

 

 

 

 

 

Lotto 12 Golfo C Unita' 03/04

- 20084

- Lacchiarella

(MI)

- IT -

 

-

Branch

 

since 16/10/2009

 

 

 

 

 

 

11 Padana Superiore

, 16-18

- 20063

- Cernusco sul Naviglio

(MI)

- IT -

 

-

Branch

(Shop)

since 01/09/2009

 

 

 

 

 

 

Xx Settembre

, 9

- 29017

- Fiorenzuola d'Arda

(PC)

- IT -

 

 

 

 

Total Surface: 111 Sq.mt.

 

-

Branch

(Shop)

since 03/09/2010

 

 

 

 

 

 

Vittorio Emanuele

, 174/178

- 65100

- Pescara

(PE)

- IT -

 

 

 

 

Total Surface: 375 Sq.mt.

 

-

Branch

(Shop)

since 21/12/2010

 

 

 

 

 

 

Gelso Bianco

, SNC

- 95100

- Catania

(CT)

- IT -

 

 

 

 

Total Surface: 517 Sq.mt.

 

-

Branch

(Shop)

since 08/02/2011

 

 

 

 

 

 

Leopoldo Lucchi

, 335

- 47023

- Cesena

(FO)

- IT -

 

 

 

 

Total Surface: 173 Sq.mt.

 

-

Branch

(Shop)

since 25/03/2011

 

 

 

 

 

 

Lombardia

, 264

- 20047

- Brugherio

(MB)

- IT -

 

 

 

 

Total Surface: 410 Sq.mt.

 

-

Branch

(Shop)

since 15/09/2011

 

 

 

 

 

 

Dell'indipendenza

, 42/C-D

- 40100

- Bologna

(BO)

- IT -

 

 

 

 

Total Surface: 245 Sq.mt.

 

-

Branch

(Shop)

since 01/10/2011

 

 

 

 

 

 

Umberto I Ang. Piazza Del

, 1 3 5/7

- 65100

- Pescara

(PE)

- IT -

 

 

 

 

Trading Style: CALLIOPE

 

 

 

 

Total Surface: 247 Sq.mt.

 

-

Branch

(Shop)

since 30/09/2011

 

 

 

 

 

 

Branca

, 66 P.1

- 61100

- Pesaro

(PS)

- IT -

 

-

Branch

(Shop)

since 30/09/2011

 

 

 

 

 

 

Branca

, 66 P.T

- 61100

- Pesaro

(PS)

- IT -

 

-

Branch

(Shop)

since 03/09/2011

 

 

 

 

 

 

Grandi

, 64/A

- 48100

- Ravenna

(RA)

- IT -

 

 

 

 

Total Surface: 220 Sq.mt.

 

-

Branch

(Shop)

since 01/10/2011

 

 

 

 

 

 

Bramante

, SNC

- 00054

- Fiumicino

(RM)

- IT -

 

 

 

 

Total Surface: 211 Sq.mt.

 

-

Branch

(Shop)

since 09/07/2011

 

 

 

 

 

 

Italia

, 12

- 07100

- Sassari

(SS)

- IT -

 

 

 

 

Trading Style: TERRANOVA

 

 

 

 

Total Surface: 585 Sq.mt.

 

-

Branch

(Shop)

since 13/03/2012

 

 

 

 

 

 

Ausa

, 186/B

- 47040

- Coriano

(RN)

- IT -

 

 

 

 

Total Surface: 670 Sq.mt.

 

-

Branch

(Shop)

since 06/12/2011

 

 

 

 

 

 

Resistenza Angolo Corso

, 9/11

- 70022

- Altamura

(BA)

- IT -

 

 

 

 

Total Surface: 195 Sq.mt.

 

-

Branch

(Shop)

since 14/01/2012

 

 

 

 

 

 

Cavour

, 131-131A

- 70100

- Bari

(BA)

- IT -

 

 

 

 

Total Surface: 245 Sq.mt.

 

-

Branch

(Shop)

since 01/03/2012

 

 

 

 

 

 

Loiacono

, 20

- 70100

- Bari

(BA)

- IT -

 

 

 

 

Total Surface: 397 Sq.mt.

 

-

Branch

(Shop)

since 21/12/2011

 

 

 

 

 

 

Vittorio Emanuele

, 12-14-16

- 71100

- Foggia

(FG)

- IT -

 

 

 

 

Total Surface: 247 Sq.mt.

 

-

Branch

(Shop)

since 24/02/2012

 

 

 

 

 

 

Della Scuola

, 116

- 06100

- Perugia

(PG)

- IT -

 

-

Branch

(Shop)

since 31/03/2012

 

 

 

 

 

 

Bramante

, 31/65

- 00054

- Fiumicino

(RM)

- IT -

 

 

 

 

Total Surface: 503 Sq.mt.

 

-

Branch

(Shop)

since 21/03/2012

 

 

 

 

 

 

Fontevivo

, 17

- 19100

- La Spezia

(SP)

- IT -

 

 

 

 

Total Surface: 332 Sq.mt.

 

-

Branch

(Shop)

since 01/09/2012

 

 

 

 

 

 

Tiburtina Valeria Km.112

, +215

- 67051

- Avezzano

(AQ)

- IT -

 

 

 

 

Total Surface: 665 Sq.mt.

 

-

Branch

(Shop)

since 21/07/2012

 

 

 

 

 

 

Domenico Modugno

, 3/A

- 13051

- Biella

(BI)

- IT -

 

 

 

 

Total Surface: 450 Sq.mt.

 

-

Branch

(Shop)

since 08/10/2012

 

 

 

 

 

 

Cesare Beccaria

, 1

- 46100

- Mantova

(MN)

- IT -

 

 

 

 

Total Surface: 560 Sq.mt.

 

-

Branch

(Shop)

since 29/06/2012

 

 

 

 

 

 

Riomoro

, UNITA'36

- 64010

- Colonnella

(TE)

- IT -

 

 

 

 

Total Surface: 350 Sq.mt.

 

-

Branch

(Shop)

since 04/08/2012

 

 

 

 

 

 

Belforte N. 315 Unita'

, 14A

- 21100

- Varese

(VA)

- IT -

 

 

 

 

Total Surface: 1.000 Sq.mt.

 

 

 

 

Employees

: 785

 

Fittings and Equipment for a value of 5.570.000

Eur

 

Stocks for a value of 44.690.000

Eur

 

Trade organization: direct or by agents.

The company sells in Italy and abroad.

The company supplies wholesalers and resellers.

 

Usually the terms of sale are within 90-120 days.

Financial means used for sale: bank transfers and bank orders.

Company's purchase terms are within 90 and 120 days.

Main used payment modalities are by cash orders and bank transfers.

 

Import comes generally from the following nations:

- France

 

- Germany

 

The subject firm uses the following own selling brands:

- TERRANOVA KIDS

 

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

25/09/1992

 

EX-MEMBERS / EX-POSITIONS:

 

Tadei

Vittorio

 

 

Born in Rimini

(FO)

on 06/04/1935

- Fiscal Code : TDAVTR35D06H294E

 

 

Residence:

 

Venere

, 3

- 47900

Rimini

(RN)

- IT -

 

Ex-Postions

Sole Director

 

 

CEASINGS/INCORPORATIONS/MERGES

 

The firm absorbed by merging of

 

 

 

RI.AR S.R.L.

 

 

, VIA STEGANI 13

- IT -

 

 

Date

:

14/12/1989

 

Project of merging by taking over of

 

 

 

"BEKAR TEX - S.R.L."

 

 

 

G.fabbri

, 1

, 47037

, Rimini ( FO )

- IT -

 

 

Fiscal Code: 01324670403

 

 

Date

Merging/splitting-up project:

28/06/1996

 

The firm absorbed by merging of

 

 

 

"BEKAR TEX - S.R.L."

 

 

 

G.fabbri

, 1

, 47037

, Rimini ( FO )

- IT -

 

 

Fiscal Code: 01324670403

 

 

Date

:

27/12/1996

 

Project of splitting-up and tranfer into

 

 

 

T E M Properties S.p.a.

 

 

 

Tre Martiri

, 19

, 47921

, Rimini

(RN)

- IT -

 

 

Fiscal Code: 03346940400

 

 

Date

Merging/splitting-up project:

12/06/2003

 

Splitting-up and transfer of assets to

 

 

 

T E M Properties S.p.a.

 

 

 

Tre Martiri

, 19

, 47921

, Rimini

(RN)

- IT -

 

 

Fiscal Code: 03346940400

 

 

Date

Splitting-up:

22/09/2003

 

Project of merging by taking over of

 

 

 

GOLF S.R.L.

 

 

, 47037

, Rimini

(RN)

- IT -

 

 

Fiscal Code: 03463960405

 

 

Date

Merging/splitting-up project:

08/06/2006

 

The firm absorbed by merging of

 

 

 

GOLF S.R.L.

 

 

, 47037

, Rimini

(RN)

- IT -

 

 

Fiscal Code: 03463960405

 

 

Date

:

06/10/2006

 

Project of merging by taking over of

 

 

 

New Team S.R.L.

 

 

, 47037

, Rimini

(RN)

- IT -

 

 

Fiscal Code: 00422530550

 

 

Date

Merging/splitting-up project:

12/06/2008

 

The firm absorbed by merging of

 

 

 

New Team S.R.L.

 

 

, 47037

, Rimini

(RN)

- IT -

 

 

Fiscal Code: 00422530550

 

 

Date

:

15/09/2008

 

Project of merging by taking over of

 

 

 

Young Team S.r.l.

 

 

 

Della Stazione 14/35

, 14/36

, 50100

, Firenze

(FI)

- IT -

 

 

Fiscal Code: 05496030486

 

 

Date

Merging/splitting-up project:

03/06/2010

 

The firm absorbed by merging of

 

 

 

Young Team S.r.l.

 

 

 

Della Stazione 14/35

, 14/36

, 50100

, Firenze

(FI)

- IT -

 

 

Fiscal Code: 05496030486

 

 

Date

:

14/09/2010

 

Project of merging by taking over of

 

 

 

ROSENRUIST - GESTAO E SERVICOS SOCIEDADEUNIPESSOAL LDA

 

 

, Portogallo

- IT -

 

 

Date

Merging/splitting-up project:

29/06/2011

 

Resolution of merging of

 

 

 

ROSENRUIST - GESTAO E SERVICOS SOCIEDADEUNIPESSOAL LDA

 

 

, Funchal Portogallo

- IT -

 

 

Fiscal Code: 91078900403

 

 

Date

:

29/08/2011

 

The firm absorbed by merging of

 

 

 

ROSENRUIST - GESTAO E SERVICOS SOCIEDADEUNIPESSOAL LDA

 

 

, Funchal Portogallo

- IT -

 

 

Fiscal Code: 91078900403

 

 

Date

:

16/11/2011



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.

 

 

Bankers

 

The firm operates with:

 

Bank Name

Agency Name

Address

ZIP Code

City

ABI Code

CAB Code

BANCA DELLE MARCHE SPA

 

 

 

 

6055

0

UNICREDIT BANCA SPA

 

 

 

 

2008

0

BANCA POP. EMILIA ROMAGNA

 

 

 

 

5387

0



Financial and Economical Analysis

 

Subject is active since 1981

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

Under an economic point of view, profits were registered during the last years with a r.o.e. of 17,03% in 2011 thanks to a progressive increase in turnover (+7,76% in 2011 compared to 2010 and +12,96% in 2010 compared to 2009).

The return on Investment in the last financial year was positive (13,98%) falling within the field's average.

The operating result is positive and amounts to Eur. 41.083.157 , with no sizeable change as opposed to the year before.

The G.O.M. amounted to Eur. 50.882.450 stable if compared to the financial year 2010.

The company has an excellent net worth if compared to its debts, with a low indebtedness (0,79) improved in comparison with the year before (0,92.).

Subject can manage an equity capital funds for an amount of Eur. 146.710.676 on stable levels.

Total indebtedness was equal to Eur. 132.026.956 (Eur. 44.614 was the value of m/l term debts) with no important change.

The company does not exceed in bank credits; payments average period is instead slightly high (134,28 gg.) but lined up with the field's average.

Liquidity is good (1,89)

As far as the collection of credit goes, the average is high (137,23 days). besides being higher than the sector's average.

As far as the cash flow is concerned during the latest financial year it amounted to Eur. 34.786.455

Labour cost expenses amount to Eur. 38.870.635 , representing 11,04% on the total of production costs. , whereas the incidence of such costs on sales revenues is equal to 10,58%.

The incidence of the financial charges is of -0,45% on the sales amount.

 

 

Financial Data

 

 

Complete balance-sheet for the year

31/12/2011

(in Eur

x 1)

 

Item Type

Value

Sales

367.318.220

Profit (Loss) for the period

24.987.162

 

 

Complete balance-sheet for the year

31/12/2010

(in Eur

x 1)

 

Item Type

Value

Sales

340.848.527

Profit (Loss) for the period

24.938.894

 

 

Complete balance-sheet for the year

31/12/2009

(in Eur

x 1)

 

Item Type

Value

Sales

301.740.356

Profit (Loss) for the period

17.947.426

 

 

Complete balance-sheet for the year

31/12/2008

(in Eur

x 1)

 

Item Type

Value

Sales

291.435.164

Profit (Loss) for the period

11.054.955

 

 

Complete balance-sheet for the year

31/12/2007

(in Eur

x 1)

 

Item Type

Value

Sales

269.037.360

Profit (Loss) for the period

9.644.312



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 31/12/2011 - 12 Mesi - Currency: - Amounts x 1

 

- 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

 

Years

2011

2010

2009

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

31.507

1.253

 

. . Research,develop. and advert.expens.

 

 

 

. . Industrial patent rights

11.872

8.042

2.890

. . Concessions,licenses,trademarks,etc.

14.205.905

657.655

689.509

. . Goodwill

14.000

64.600

185.788

. . Assets in formation and advance paymen.

197.840

438.250

 

. . Other intangible fixed assets

4.882.189

4.256.904

5.392.449

. Total Intangible Fixed Assets

19.343.313

5.426.704

6.270.636

. TANGIBLE FIXED ASSETS

 

 

 

. . Real estate

25.455

26.175

26.895

. . Plant and machinery

4.643.418

4.193.576

4.924.971

. . Industrial and commercial equipment

927.713

639.757

225.497

. . Other assets

14.558.374

13.559.622

13.976.719

. . Assets under construction and advances

36.000

 

9.906

. Total Tangible fixed assets

20.190.960

18.419.130

19.163.988

. FINANCIAL FIXED ASSETS

 

 

 

. . Equity investments

2.529.358

22.140.021

21.388.030

. . . Equity invest. in subsidiary companies

2.520.945

22.137.308

21.385.417

. . . Equity invest. in associated companies

 

 

 

. . . Equity invest. in holding companies

 

 

 

. . . Equity invest. in other companies

8.413

2.713

2.613

. . Financial receivables

1.337.031

1.503.695

1.729.388

. . . . Within 12 months

44.411

657.802

629.816

. . . . Beyond 12 months

1.292.620

845.893

1.099.572

. . . Receivab due from subsidiaries

310.000

200.000

200.000

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

310.000

200.000

200.000

. . . 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

1.027.031

1.303.695

1.529.388

. . . . Within 12 months

44.411

657.802

629.816

. . . . Beyond 12 months

982.620

645.893

899.572

. . Other securities

 

 

 

. . Own shares

 

 

 

. . . Total nominal value

 

 

 

. Total financial fixed assets

3.866.389

23.643.716

23.117.418

Total fixed assets

43.400.662

47.489.550

48.552.042

CURRENT ASSETS

 

 

 

. INVENTORIES

 

 

 

. . Raw materials and other consumables

964.796

1.216.352

993.942

. . Work in progress and semimanufactured

595.979

143.927

118.509

. . Work in progress on order

 

 

 

. . Finished goods

43.124.734

28.742.533

17.301.689

. . Advance payments

 

 

 

. Total Inventories

44.685.509

30.102.812

18.414.140

. CREDITS NOT HELD AS FIXED ASSETS

 

 

 

. . Within 12 months

176.820.382

163.125.841

164.726.663

. . Beyond 12 months

439.100

 

124.117

. . Trade receivables

140.014.712

137.915.991

156.920.357

. . . . Within 12 months

140.014.712

137.915.991

156.920.357

. . . . Beyond 12 months

 

 

 

. . Receivables due from subsid. comp.

24.951.889

15.772.328

3.985.867

. . . . Within 12 months

24.951.889

15.772.328

3.985.867

. . . . Beyond 12 months

 

 

 

. . Receivables due from assoc. comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Receivables due from holding comp.

228.355

130.923

90.299

. . . . Within 12 months

228.355

130.923

90.299

. . . . Beyond 12 months

 

 

 

. . Fiscal Receivables

4.763.426

5.460.733

422.054

. . . . Within 12 months

4.763.426

5.460.733

422.054

. . . . Beyond 12 months

 

 

 

. . Receivables for anticipated taxes

3.510.237

1.241.788

506.437

. . . . Within 12 months

3.071.137

1.241.788

382.320

. . . . Beyond 12 months

439.100

 

124.117

. . Receivables due from third parties

3.790.863

2.604.078

2.925.766

. . . . Within 12 months

3.790.863

2.604.078

2.925.766

. . . . Beyond 12 months

 

 

 

. Total Credits not held as fixed assets

177.259.482

163.125.841

164.850.780

. 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

12.237.655

1.402.073

614.555

. Total Financial Assets

12.237.655

1.402.073

614.555

. LIQUID FUNDS

 

 

 

. . Bank and post office deposits

15.210.615

7.648.026

8.590.177

. . Checks

6.548

22.016

56.236

. . Banknotes and coins

510.326

366.767

401.716

. Total Liquid funds

15.727.489

8.036.809

9.048.129

Total current assets

249.910.135

202.667.535

192.927.604

ADJUSTMENT ACCOUNTS

 

 

 

. Discount on loans

 

 

 

. Other adjustment accounts

576.598

769.626

554.988

Total adjustments accounts

576.598

769.626

554.988

TOTAL ASSETS

293.887.395

250.926.711

242.034.634

 

 

 

 

LIABILITIES

 

 

 

STOCKHOLDERS' EQUITY

 

 

 

. Capital stock

36.000.000

36.000.000

36.000.000

. Additional paid-in capital

 

 

 

. Revaluation reserves

 

 

 

. Legal reserve

6.417.330

5.170.385

4.273.014

. Reserve for Own shares

 

 

 

. Statute reserves

 

 

 

. Other reserves

9.030.583

6.003.521

5.538.632

. Accumulated Profits (Losses)

70.275.601

51.583.652

39.533.598

. Profit( loss) of the year

24.987.162

24.938.894

17.947.426

. Advances on dividends

 

 

 

. Partial loss of the year Coverage

 

 

 

Total Stockholders'Equity

146.710.676

123.696.452

103.292.670

RESERVES FOR RISKS AND CHARGES

 

 

 

. . Reserve for employee termination indem.

553.129

 

 

. . Taxation fund, also differed

251.071

509.686

1.084.502

. . Other funds

11.404.036

3.317

 

Total Reserves for Risks and Charges

12.208.236

513.003

1.084.502

Employee termination indemnities

2.237.592

2.287.463

2.367.126

ACCOUNTS PAYABLE

 

 

 

. . . . Within 12 months

131.982.342

121.513.494

107.121.373

. . . . Beyond 12 months

44.614

2.735.829

28.034.979

. . Bonds

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Convertible bonds repayable

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to shareholders for financing

2.225.000

 

2.110.000

. . . . Within 12 months

2.225.000

 

2.110.000

. . . . Beyond 12 months

 

 

 

. . Due to banks

1.067.588

5.579.329

29.519.787

. . . . Within 12 months

1.067.030

3.566.901

3.018.997

. . . . Beyond 12 months

558

2.012.428

26.500.790

. . Due to other providers of finance

44.056

19.726

24.596

. . . . Within 12 months

 

4.895

4.870

. . . . Beyond 12 months

44.056

14.831

19.726

. . Advances from customers

5.705

5.959

10.021

. . . . Within 12 months

5.705

5.959

10.021

. . . . Beyond 12 months

 

 

 

. . Trade payables

101.299.789

80.909.184

69.169.127

. . . . Within 12 months

101.299.789

80.909.184

69.169.127

. . . . Beyond 12 months

 

 

 

. . Securities issued

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to subsidiary companies

4.291.345

9.879.745

4.464.269

. . . . Within 12 months

4.291.345

9.879.745

4.464.269

. . . . Beyond 12 months

 

 

 

. . Due to associated companies

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to holding companies

4.950.798

4.950.000

2.487.181

. . . . Within 12 months

4.950.798

4.950.000

2.487.181

. . . . Beyond 12 months

 

 

 

. . Due to the tax authorities

2.277.690

5.006.836

13.342.451

. . . . Within 12 months

2.277.690

4.298.266

11.827.988

. . . . Beyond 12 months

 

708.570

1.514.463

. . Due to social security and welfare inst.

1.629.543

1.436.318

1.263.381

. . . . Within 12 months

1.629.543

1.436.318

1.263.381

. . . . Beyond 12 months

 

 

 

. . Other payables

14.235.442

16.462.226

12.765.539

. . . . Within 12 months

14.235.442

16.462.226

12.765.539

. . . . Beyond 12 months

 

 

 

Total accounts payable

132.026.956

124.249.323

135.156.352

ADJUSTMENT ACCOUNTS

 

 

 

. Agio on loans

 

 

 

. Other adjustment accounts

703.935

180.470

133.984

Total adjustment accounts

703.935

180.470

133.984

TOTAL LIABILITIES

293.887.395

250.926.711

242.034.634

 

 

 

 

 

 

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

367.318.220

340.848.527

301.740.356

. Changes in work in progress

14.834.254

11.364.830

-817.149

. Changes in semi-manufact. products

 

 

 

. Capitalization of internal work

 

 

 

. Other income and revenues

10.910.962

12.683.569

11.179.793

. . Contributions for operating expenses

 

2.000

 

. . Different income and revenues

10.910.962

12.681.569

11.179.793

Total value of production

393.063.436

364.896.926

312.103.000

PRODUCTION COSTS

 

 

 

. Raw material,other materials and consum.

216.609.538

197.948.699

164.677.511

. Services received

54.910.728

52.182.169

43.917.918

. Leases and rentals

24.829.070

21.746.618

20.476.718

. Payroll and related costs

38.870.635

31.788.309

24.496.815

. . Wages and salaries

29.555.996

24.025.299

18.326.476

. . Social security contributions

7.844.209

6.513.296

5.139.315

. . Employee termination indemnities

1.445.199

1.228.835

1.018.584

. . Pension and similar

25.231

20.879

12.440

. . Other costs

 

 

 

. Amortization and depreciation

9.799.293

17.444.956

17.955.660

. . Amortization of intangible fixed assets

2.871.234

3.087.328

3.699.283

. . Amortization of tangible fixed assets

6.077.177

5.535.419

5.444.915

. . Depreciation of tangible fixed assets

 

 

 

. . Writedown of current receiv.and of liquid

850.882

8.822.209

8.811.462

. Changes in raw materials

251.556

-222.410

-53.944

. Provisions to risk reserves

 

 

 

. Other provisions

 

 

 

. Other operating costs

6.709.459

6.797.560

6.279.520

Total production costs

351.980.279

327.685.901

277.750.198

Diff. between value and cost of product.

41.083.157

37.211.025

34.352.802

FINANCIAL INCOME AND EXPENSE

 

 

 

. Income from equity investments

2.832.500

4.763.816

4.605.228

. . In subsidiary companies

 

 

 

. . In associated companies

 

 

 

. . In other companies

 

 

 

. Other financial income

722.099

391.280

202.542

. . Financ.income from receivables

 

10.920

65.736

. . . 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

 

380.360

136.806

. . . - Subsidiary companies

 

 

 

. . . - Associated companies

 

 

 

. . . - Holding companies

 

 

 

. . . - Other companies

 

 

 

. Interest and other financial expense

-5.220.021

-762.595

-3.061.560

. . Towards subsidiary companies

 

 

 

. . Towards associated companies

 

 

 

. . Towards holding companies

 

 

 

. . Towards other companies

 

 

 

Total financial income and expense

-1.665.422

4.392.501

1.746.210

ADJUSTMENTS TO FINANCIAL ASSETS

 

 

 

. Revaluations

 

 

 

. . Of equity investments

 

 

 

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

 

 

 

. . Of securities incl.among current assets

 

 

 

. Devaluation

 

 

-100.930

. . Of equity investments

 

 

-100.930

. . Of financial fixed assets (no equity inv)

 

 

 

. . Of securities included among current ass

 

 

 

Total adjustments to financial assets

 

 

-100.930

EXTRAORDINARY INCOME AND EXPENSE

 

 

 

. Extraordinary income

2.545.221

1.158.547

1.388.989

. . Gains on disposals

112.966

 

 

. . Other extraordinary income

2.432.255

1.158.547

1.388.989

. Extraordinary expense

-1.984.824

-1.811.793

-4.453.707

. . Losses on disposals

-6.441

 

 

. . Taxes relating to prior years

-1.580.985

 

 

. . Other extraordinary expense

-397.398

-1.811.793

-4.453.707

Total extraordinary income and expense

560.397

-653.246

-3.064.718

Results before income taxes

39.978.132

40.950.280

32.933.364

. Taxes on current income

14.990.970

16.011.386

14.985.938

. . current taxes

17.518.034

16.569.465

14.128.585

. . differed taxes(anticip.)

-2.527.064

-558.079

857.353

. Net income for the period

24.987.162

24.938.894

17.947.426

. Adjustments in tax regulations pursuance

 

 

 

. Provisions in tax regulations pursuance

 

 

 

. Profit (loss) of the year

24.987.162

24.938.894

17.947.426

 

RATIOS

Value Type

as at 31/12/2011

as at 31/12/2010

as at 31/12/2009

Sector Average

COMPOSITION ON INVESTMENT

 

 

 

 

 

Rigidity Ratio

Units

0,15

0,19

0,20

0,09

Elasticity Ratio

Units

0,85

0,81

0,80

0,89

Availability of stock

Units

0,15

0,12

0,08

0,26

Total Liquidity Ratio

Units

0,70

0,69

0,72

0,54

Quick Ratio

Units

0,10

0,04

0,04

0,03

COMPOSITION ON SOURCE

 

 

 

 

 

Net Short-term indebtedness

Units

0,79

0,92

0,95

3,95

Self Financing Ratio

Units

0,50

0,49

0,43

0,17

Capital protection Ratio

Units

0,58

0,51

0,48

0,62

Liabilities consolidation quotient

Units

0,02

0,04

0,28

0,10

Financing

Units

0,90

1,00

1,31

4,85

Permanent Indebtedness Ratio

Units

0,51

0,51

0,55

0,29

M/L term Debts Ratio

Units

0,01

0,02

0,13

0,07

Net Financial Indebtedness Ratio

Units

0,00

0,00

0,22

1,04

CORRELATION

 

 

 

 

 

Fixed assets ratio

Units

3,43

2,71

2,75

2,37

Current ratio

Units

1,89

1,67

1,80

1,18

Acid Test Ratio-Liquidity Ratio

Units

1,55

1,42

1,63

0,80

Structure's primary quotient

Units

3,38

2,60

2,13

1,48

Treasury's primary quotient

Units

0,21

0,08

0,09

0,04

Rate of indebtedness ( Leverage )

%

200,32

202,86

234,32

602,26

Current Capital ( net )

Value

117.927.793

81.154.041

85.806.231

191.984

RETURN

 

 

 

 

 

Return on Sales

%

9,47

12,43

11,90

2,03

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

%

17,03

20,16

17,38

6,31

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

%

27,25

33,11

31,88

17,00

Return on Investment ( R.O.I. )

%

13,98

14,83

14,19

4,18

Return/ Sales

%

11,18

10,92

11,38

3,46

Extra Management revenues/charges incid.

%

60,82

67,02

52,24

27,96

Cash Flow

Value

34.786.455

42.383.850

35.903.086

44.823

Operating Profit

Value

41.083.157

37.211.025

34.352.802

74.603

Gross Operating Margin

Value

50.882.450

54.655.981

52.308.462

111.383

MANAGEMENT

 

 

 

 

 

Credits to clients average term

Days

137,23

145,67

187,22

113,70

Debts to suppliers average term

Days

134,28

126,77

119,63

118,14

Average stock waiting period

Days

43,80

31,79

21,97

72,90

Rate of capital employed return ( Turnover )

Units

1,25

1,36

1,25

1,25

Rate of stock return

Units

8,22

11,32

16,39

4,88

Labour cost incidence

%

10,58

9,33

8,12

8,14

Net financial revenues/ charges incidence

%

-0,45

1,29

0,58

-1,38

Labour cost on purchasing expenses

%

11,04

9,70

8,82

8,25

Short-term financing charges

%

3,95

0,61

2,27

2,76

Capital on hand

%

80,01

73,62

80,21

79,85

Sales pro employee

Value

5.383

603.271

635.242

397.742

Labour cost pro employee

Value

569

56.262

51.572

33.267

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.34

UK Pound

1

Rs.86.97

Euro

1

Rs.69.43

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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.