MIRA
INFORM REPORT
|
Report Date : |
08.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
CLIVET S.P.A. |
|
|
|
|
Registered Office : |
Via Camp Lonc, 25 Localita' Villapaiera, 32032 – Feltre (BL) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
01.03.1988 |
|
|
|
|
Com. Reg. No.: |
BL006-6150 of since 19/02/1996 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture of non-domestic cooling and ventilation
equipment |
|
|
|
|
No. of Employees : |
500 to 750 employees |
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 : |
Good |
|
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 – 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 |
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 & address
Clivet S.p.A.
Via Camp Lonc, 25 Localita' Villapaiera
32032 - Feltre (BL) -IT-
Summary
|
Fiscal Code |
: |
00708410253 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
05/04/1989 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
75.000.000/100.000.000 |
|
Number of Employees |
: |
from 500 to 750 |
Activity
Manufacture of non-domestic cooling and ventilation equipment
Legal
Data
Legal Form : Joint stock company
|
Fiscal Code : 00708410253 |
|
Foreign Trade Reg. no. : BL000798 since 02/12/1991 |
|
Chamber of Commerce no. : 66577 of since 02/05/1988 |
|
Chamber of Commerce no. : 1015790 of |
|
Chamber of Commerce no. : 317397 of |
|
Firms' Register : BL006-6150 of since 19/02/1996 |
|
V.A.T. Code : 00708410253 |
|
Foundation date |
: 01/03/1988 |
|
|
Establishment date |
: 01/03/1988 |
|
|
Start of Activities |
: 05/04/1989 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 20.000.000 |
|
|
Subscribed Capital |
: 20.000.000 |
|
|
Paid up Capital |
: 20.000.000 |
|
Members
|
|
Bello' |
Elena |
|
|
|
Born in Marostica |
(VI) |
on 06/03/1970 |
- Fiscal Code : BLLLNE70C46E970U |
|
|
|
Residence: |
|
Padre Marco D'aviano |
, 7 |
- 33170 |
Pordenone |
(PN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
26/04/2012 |
|
|
|
Managing Director |
26/04/2012 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Bello' |
Bruno |
|
|
|
Born in Bassano del Grappa |
(VI) |
on 08/04/1945 |
- Fiscal Code : BLLBRN45D08A703X |
|
|
|
Residence: |
|
Canale |
, 25 |
- 36063 |
Marostica |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
|
|
|
|
Board Chairman |
26/04/2012 |
|
|
|
Managing Director |
26/04/2012 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Bello' |
Stefano |
|
|
|
Born in Marostica |
(VI) |
on 21/05/1973 |
- Fiscal Code : BLLSFN73E21E970T |
|
|
|
Residence: |
|
San Giorgio |
, 82 |
- 36061 |
Bassano del Grappa |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
26/04/2012 |
|
|
|
Managing Director |
26/04/2012 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
De Menech |
Aurora |
|
|
|
Born in Feltre |
(BL) |
on 17/06/1953 |
- Fiscal Code : DMNRRA53H57D530J |
|
|
|
Residence: |
|
Piccolotto |
, 10 |
- 32032 |
Feltre |
(BL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
26/04/2012 |
|
|
|
Managing Director |
26/04/2012 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Bello' |
Francesco |
|
|
|
Born in Marostica |
(VI) |
on 29/11/1974 |
- Fiscal Code : BLLFNC74S29E970B |
|
|
|
Residence: |
|
Enego |
, 8 |
- 36061 |
Bassano del Grappa |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
26/04/2012 |
|
|
|
Managing Director |
26/04/2012 |
|
|
|
|
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 |
|
Bello' Bruno |
Marostica - IT - |
BLLBRN45D08A703X |
7.494.000 .Eur |
37,47 |
|
De Menech Aurora |
Feltre - IT - |
DMNRRA53H57D530J |
206.000 .Eur |
1,03 |
|
Costa Giuseppe |
|
CSTGPP48E21E970S |
206.000 .Eur |
1,03 |
|
Zampierin Roberto |
|
ZMPRRT49A16A703L |
206.000 .Eur |
1,03 |
|
Bell Bru Group S.r.l. |
Milano - IT - |
07515680960 |
11.888.000 .Eur |
59,44 |
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 |
|
C.N.I. CLIVET NUOVE INIZIATIVE S.R.L. |
Feltre - IT - |
00750320251 |
10 .Eur |
0,09 |
|
|
Active |
|
Climec Srl |
Feltre - IT - |
00752050252 |
4.575.808 .Eur |
88,60 |
|
|
Active |
|
Clever S.r.l. |
Basiano - IT - |
08902720153 |
154.800 .Eur |
100,00 |
|
|
Ceased |
|
Clivet Italia S.r.l. |
Feltre - IT - |
00772950259 |
20.245 .Eur |
40,00 |
|
|
Active |
|
New Orleans S.r.l. |
Feltre - IT - |
01507880068 |
182.000 .Eur |
100,00 |
|
|
Ceased |
|
Consorzio Ridomus |
Milano - IT - |
05157270967 |
|
|
|
|
Active |
|
Clivet Clima S.p.a. |
Feltre - IT - |
00714370251 |
5.160.000 .Eur |
100,00 |
|
|
Ceased |
Firm's location and structure
In order to carry out its activities the firm uses the following locations:
|
- |
Legal and operative seat |
|
since 01/03/1988 |
|
|
|
|
|
|
Camp Lonc |
, 25 |
- 32032 |
- Feltre |
(BL) |
- IT - |
|
|
|
|
PHONE |
: 04393131 |
|
|
|
|
FAX |
: 0439313382 |
|
|
|
|
FAX |
: 0439313300 |
|
|
|
|
Website |
: www.clivet.it |
|
- |
Branch |
(office) |
since 29/12/2000 |
|
|
|
|
|
|
Camp Lonc |
, 12 |
- 32032 |
- Feltre |
(BL) |
- IT - |
|
- |
Branch |
(Store) |
since 29/12/2000 |
|
|
|
|
|
|
Camp Lonc |
, 26 |
- 32032 |
- Feltre |
(BL) |
- IT - |
|
- |
Branch |
(office) |
since 01/01/2002 |
|
|
|
|
|
|
Camp Lonc |
, 29 |
- 32032 |
- Feltre |
(BL) |
- IT - |
|
- |
Branch |
(office) |
since 24/09/2006 |
|
|
|
|
|
|
Villapaiera, Via Camp Lonc |
, 14 |
- 32032 |
- Feltre |
(BL) |
- IT - |
|
|
|
|
Employees |
: 686 |
|
Fittings and Equipment for a value of 3.570.000 |
Eur |
|
Stocks for a value of 11.830.000 |
Eur |
|
Furniture and fittings for a value of 590.000 |
Eur |
Trade organization: direct or by agents.
|
|
The firm operates abroad as importer / exporter..
To purchase foreign products the firm uses the following channels
:
|
- direct orders to foreign companies |
Export represents from 20% to 50% of the global turnover.
Products abroad are placed by :
|
- its own sales net-work |
|
- its own agents |
|
- direct orders from foreign companies |
Import comes generally from the following nations:
|
- Italy |
|
- Austria |
|
- Belgium |
|
- Sweden |
|
- Germany |
|
- Hungary |
|
- Holland |
|
- Poland |
|
- Great Britain |
|
- France |
|
- Bulgaria |
Export is mainly towards:
|
- Bulgaria |
|
- Italy |
|
- Austria |
|
- Belgium |
|
- France |
|
- Germany |
|
- Greece |
|
- Poland |
|
- Hungary |
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 |
23/02/1998 |
EX-MEMBERS / EX-POSITIONS:
|
|
Bello' |
Elena |
|
|
|
Born in Marostica |
(VI) |
on 06/03/1970 |
- Fiscal Code : BLLLNE70C46E970U |
|
|
|
Residence: |
|
Padre Marco D'aviano |
, 7 |
- 33170 |
Pordenone |
(PN) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Managing Director |
|
|
Bello' |
Bruno Angelo |
|
|
|
Born in Bassano del Grappa |
(VI) |
on 08/04/1945 |
- Fiscal Code : BLLBNN45D08A703J |
|
|
|
Fiscal residence: |
|
Enego |
, 8 |
- 36061 |
Bassano del Grappa |
(VI) |
- IT - |
|
Ex-Postions |
|
Chairman |
|
|
Bello' |
Bruno |
|
|
|
Born in Bassano del Grappa |
(VI) |
on 08/04/1945 |
- Fiscal Code : BLLBRN45D08A703X |
|
|
|
Residence: |
|
Canale |
, 25 |
- 36063 |
Marostica |
(VI) |
- IT - |
|
Ex-Postions |
|
Sole Director |
|
Managing Director |
|
|
Bello'Bruno |
Angelo |
|
|
|
Born in Bassano del Grappa |
(VI) |
on 08/04/1945 |
- Fiscal Code : BLLNGL45D08A703O |
|
|
|
Fiscal residence: |
|
Canale |
, 25 |
- 36063 |
Marostica |
(VI) |
- IT - |
|
Ex-Postions |
|
Chairman |
|
|
Bello' |
Stefano |
|
|
|
Born in Marostica |
(VI) |
on 21/05/1973 |
- Fiscal Code : BLLSFN73E21E970T |
|
|
|
Residence: |
|
San Giorgio |
, 82 |
- 36061 |
Bassano del Grappa |
(VI) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
De Menech |
Aurora |
|
|
|
Born in Feltre |
(BL) |
on 17/06/1953 |
- Fiscal Code : DMNRRA53H57D530J |
|
|
|
Residence: |
|
Piccolotto |
, 10 |
- 32032 |
Feltre |
(BL) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
Bello' |
Francesco |
|
|
|
Born in Marostica |
(VI) |
on 29/11/1974 |
- Fiscal Code : BLLFNC74S29E970B |
|
|
|
Residence: |
|
Enego |
, 8 |
- 36061 |
Bassano del Grappa |
(VI) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Managing Director |
|
|
PINTO |
VINCENZO |
|
|
|
Born in LUCCA |
(LU) |
on 07/01/1938 |
- Fiscal Code : PNTVCN38A07E715H |
|
|
|
Residence: |
|
BIROLLI RENATO |
, 18 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Director |
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of merging by taking over of |
|
|
|
|
Finclivet Srl
|
|
|
|
Tempesta |
, 13/2 |
, 36063 |
, Marostica |
(VI) |
- IT - |
|
|
|
Fiscal Code: 00710480245 |
|
|
|
Date |
Merging/splitting-up project: |
27/11/1996 |
|
|
The firm absorbed by merging of |
|
|
|
Finclivet Srl |
|
|
|
|
Tempesta |
, 13/2 |
, 36063 |
, Marostica |
(VI) |
- IT - |
|
|
|
Fiscal Code: 00710480245 |
|
|
|
Date |
: |
25/07/1997 |
|
|
Project of merging by taking over of |
|
|
|
|
|
|
|
|
Zona Industriale |
, 32032 |
, Feltre |
(BL) |
- IT - |
|
|
|
Fiscal Code: 00772950259 |
|
|
|
Date |
Merging/splitting-up project: |
19/05/2000 |
|
|
The firm absorbed by merging of |
|
|
|
|
|
|
|
|
Zona Industriale |
, 32032 |
, Feltre |
(BL) |
- IT - |
|
|
|
Fiscal Code: 00772950259 |
|
|
|
Date |
: |
11/12/2000 |
|
|
Project of merging by taking over of |
|
|
|
|
|
|
|
|
Camp Lonc |
, 29 |
, 32032 |
, Feltre |
(BL) |
- IT - |
|
|
|
Fiscal Code: 00752050252 |
|
|
|
Date |
Merging/splitting-up project: |
29/06/2001 |
|
|
The firm absorbed by merging of |
|
|
|
|
|
|
|
|
Camp Lonc |
, 29 |
, 32032 |
, Feltre |
(BL) |
- IT - |
|
|
|
Fiscal Code: 00752050252 |
|
|
|
Date |
: |
10/12/2001 |
|
|
Splitting-up project and setting-up of new co |
|
|
|
Date |
Merging/Splitting-up Project-New Company: |
04/04/2005 |
|
|
Splitting-up and setting-up of a new company |
|
|
|
|
|
|
|
, Feltre |
- IT - |
|
|
|
Date |
Splitting-up: |
24/06/2005 |
|
|
Project of merging by taking over of |
|
|
|
|
|
|
|
|
Camp Lonc |
, 26 |
, 32032 |
, Feltre |
(BL) |
- IT - |
|
|
|
Fiscal Code: 01507880068 |
|
|
|
Date |
Merging/splitting-up project: |
30/09/2005 |
|
|
The firm absorbed by merging of |
|
|
|
|
|
|
|
|
Villapaiera - Via Camp Lonc |
, 12 |
, 32032 |
, Feltre |
(BL) |
- IT - |
|
|
|
Fiscal Code: 00714370251 |
|
|
|
Date |
: |
16/12/2005 |
|
|
Project of splitting-up and tranfer into |
|
|
|
|
|
|
|
|
Camp Lonc |
, 25 |
, 32032 |
, Feltre |
(BL) |
- IT - |
|
|
|
Fiscal Code: 01019980257 |
|
|
|
Date |
Merging/splitting-up project: |
20/04/2006 |
|
|
Splitting-up and transfer of assets to |
|
|
|
|
|
|
|
|
Camp Lonc |
, 25 |
, 32032 |
, Feltre |
(BL) |
- IT - |
|
|
|
Fiscal Code: 01019980257 |
|
|
|
Date |
Splitting-up: |
26/07/2006 |
|
|
Project of merging by taking over of |
|
|
|
|
|
|
|
|
Pascoli |
, 0004 |
, 20060 |
, Basiano |
(MI) |
- IT - |
|
|
|
Fiscal Code: 08902720153 |
|
|
|
Date |
Merging/splitting-up project: |
02/10/2006 |
|
|
The firm absorbed by merging of |
|
|
|
Clever S.r.l. |
|
|
|
|
Pascoli |
, 0004 |
, 20060 |
, Basiano |
(MI) |
- IT - |
|
|
|
Fiscal Code: 08902720153 |
|
|
|
Date |
: |
20/10/2006 |
|
|
The firm absorbed by merging of |
|
|
|
|
|
|
|
|
Pascoli |
, 0004 |
, 20060 |
, Basiano |
(MI) |
- IT - |
|
|
|
Fiscal Code: 08902720153 |
|
|
|
Date |
: |
23/01/2007 |
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
Company's starting of activities dates back to 1989.
Balance sheets for the years 2009, 2010 and 2011 were
analyzed.
During the last years, it achieved profits (r.o.e. 3,71% on
2011) with a remarkable upward trend (+8,09% on 2011 compared to 2010 and
+3,37% on 2010 compared to 2009).
The return on Investment in the last financial year was
positive (4,65%) falling within the field's average.
An operating result of Eur. 2.839.303 has been registered. ,
on more or less the same values as in the year before.
During the latest financial year the gross operating margin
amounted to Eur. 6.325.637 with a 20,17% increase as opposed to the preceding
year.
From a financial aspect the company's status covers total
short-term debts; the indebtedness volume in 2011 is in fact 0,99 but slighlty
increasing.
With regard to equity capital, an amount of Eur. 27.187.530
is registered. , stable in comparison with the value of the previous year.
Total indebtedness was equal to Eur. 27.261.685 (Eur. 57.915
was the value of m/l term debts) with no important change.
Moderate recourse to bank credit while the exposure towards
suppliers is rather high even if it is lower than the sector's average.
Liquidity is good (1,92)
Due from customers average term is high and equal to 126,4
days. within the standard level of the average of the sector.
The financial management generated a cash flow of Eur.
3.309.181.
Labour cost amounts to Eur. 21.900.086, with a 22,56% incidence
on production costs. , with a 22,3% incidence on turnover.
Financial incomes cover financial charges.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
98.206.128 |
|
Profit (Loss) for the period |
1.008.592 |
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
90.853.101 |
|
Profit (Loss) for the period |
1.088.630 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
87.885.503 |
|
Profit (Loss) for the period |
1.338.475 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
107.060.624 |
|
Profit (Loss) for the period |
2.031.189 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
113.518.634 |
|
Profit (Loss) for the period |
1.916.368 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
0,14 |
0,15 |
0,19 |
0,18 |
|
Elasticity Ratio |
Units |
0,85 |
0,85 |
0,81 |
0,79 |
|
Availability of stock |
Units |
0,19 |
0,18 |
0,20 |
0,21 |
|
Total Liquidity Ratio |
Units |
0,66 |
0,67 |
0,61 |
0,52 |
|
Quick Ratio |
Units |
0,00 |
0,03 |
0,00 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
0,99 |
0,94 |
0,94 |
3,01 |
|
Self Financing Ratio |
Units |
0,44 |
0,43 |
0,43 |
0,19 |
|
Capital protection Ratio |
Units |
0,23 |
0,19 |
0,15 |
0,66 |
|
Liabilities consolidation quotient |
Units |
0,15 |
0,19 |
0,25 |
0,16 |
|
Financing |
Units |
1,00 |
1,03 |
1,02 |
3,56 |
|
Permanent Indebtedness Ratio |
Units |
0,51 |
0,52 |
0,53 |
0,34 |
|
M/L term Debts Ratio |
Units |
0,07 |
0,08 |
0,10 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
0,09 |
0,01 |
0,22 |
0,69 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
3,57 |
3,53 |
2,82 |
1,65 |
|
Current ratio |
Units |
1,92 |
1,98 |
1,99 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,48 |
1,56 |
1,50 |
0,86 |
|
Structure's primary quotient |
Units |
3,09 |
2,96 |
2,28 |
1,02 |
|
Treasury's primary quotient |
Units |
0,01 |
0,06 |
0,01 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
224,80 |
231,59 |
233,06 |
509,92 |
|
Current Capital ( net ) |
Value |
25.023.699 |
25.609.033 |
23.569.681 |
330.495 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
3,37 |
3,92 |
4,54 |
3,79 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
3,71 |
4,16 |
5,33 |
6,70 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
9,14 |
9,28 |
11,26 |
18,82 |
|
Return on Investment ( R.O.I. ) |
% |
4,65 |
4,59 |
4,51 |
4,89 |
|
Return/ Sales |
% |
2,89 |
3,06 |
3,00 |
4,78 |
|
Extra Management revenues/charges incid. |
% |
35,52 |
39,15 |
50,78 |
29,96 |
|
Cash Flow |
Value |
3.309.181 |
3.561.515 |
3.991.263 |
165.166 |
|
Operating Profit |
Value |
2.839.303 |
2.780.419 |
2.635.725 |
225.594 |
|
Gross Operating Margin |
Value |
6.325.637 |
5.263.535 |
5.301.362 |
376.080 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
126,40 |
140,80 |
121,82 |
111,07 |
|
Debts to suppliers average term |
Days |
100,25 |
115,70 |
97,10 |
127,44 |
|
Average stock waiting period |
Days |
43,37 |
43,45 |
47,46 |
62,88 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,61 |
1,50 |
1,50 |
1,10 |
|
Rate of stock return |
Units |
8,30 |
8,29 |
7,58 |
5,58 |
|
Labour cost incidence |
% |
22,30 |
23,00 |
22,95 |
18,94 |
|
Net financial revenues/ charges incidence |
% |
0,17 |
0,19 |
0,13 |
-1,15 |
|
Labour cost on purchasing expenses |
% |
22,56 |
23,73 |
23,67 |
18,99 |
|
Short-term financing charges |
% |
0,28 |
n.c. |
0,94 |
2,55 |
|
Capital on hand |
% |
62,23 |
66,73 |
66,54 |
90,89 |
|
Sales pro employee |
Value |
191.062 |
139.345 |
166.449 |
199.007 |
|
Labour cost pro employee |
Value |
42.607 |
32.043 |
38.197 |
34.820 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.52 |
|
UK Pound |
1 |
Rs.88.49 |
|
Euro |
1 |
Rs.70.20 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.