MIRA INFORM REPORT
|
Report Date : |
12.04.2013 |
IDENTIFICATION DETAILS
|
Correct Name : |
MERITOR HEAVY VEHICLE SYSTEMS CAMERI S.P.A. |
|
|
|
|
Registered Office : |
Strada Provinciale Cameri - Bellinzago Km. 5,000, s.n., 28062- Cameri (NO) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
30.09.2011 |
|
|
|
|
Date of Incorporation : |
15.12.1980 |
|
|
|
|
Com. Reg. No.: |
NO106-8408 of since 19/02/1996 |
|
|
|
|
Legal Form : |
Joint stock company with sole shareholder |
|
|
|
|
Line of Business : |
Manufacture of metal tanks, reservoirs,
radiators and containers |
|
|
|
|
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 : |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
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 & address
Meritor Heavy Vehicle Systems Cameri S.p.A.
Strada Provinciale Cameri - Bellinzago Km. 5,000, s.n.
28062 - Cameri (NO) -IT-
Summary
|
Fiscal Code |
: |
03788210015 |
|
Legal Form |
: |
Joint stock company with sole shareholder |
|
start of Activities |
: |
15/12/1980 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
over 129.114.224 |
|
Number of Employees |
: |
from 500 to 750 |
|
Group |
: |
Rockwell |
Activity
Manufacture of metal tanks, reservoirs,
radiators and containers
Manufacture of parts and accessories for
motor vehicles
Legal Data
Legal Form : Joint stock company with sole
shareholder
|
Fiscal Code : 03788210015 |
|
Foreign Trade Reg. no. : NO005899 since
20/12/1991 |
|
Chamber of Commerce no. : 137274 of since
27/10/1981 |
|
Chamber of Commerce no. : 686137 of |
|
Chamber of Commerce no. : 587068 of |
|
Firms' Register : NO106-8408 of since
19/02/1996 |
|
V.A.T. Code : 00616820031 |
|
Foundation date |
: 15/12/1980 |
|
|
Establishment date |
: 15/12/1980 |
|
|
Start of Activities |
: 15/12/1980 |
|
|
Legal duration |
: 30/09/2100 |
|
|
Nominal Capital |
: 23.400.000 |
|
|
Subscribed Capital |
: 23.400.000 |
|
|
Paid up Capital |
: 23.400.000 |
|
Members
|
|
Arvinmeritor
Italiana S.r.l. |
|
|
|
|
|
|
Residence: |
|
Casati Felice |
, 20 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
|
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Bassi |
Marco |
|
|
|
Born in Napoli |
(NA) |
on 23/07/1962 |
- Fiscal Code : BSSMRC62L23F839A |
|
|
|
Residence: |
|
F.lli Cairoli |
, 2 |
- 20026 |
Novate Milanese |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
27/03/2012 |
|
|
|
|
No Protests
registered |
|
|
Alberti |
Gianluca |
|
|
|
Born in Galliate |
(NO) |
on 07/10/1968 |
- Fiscal Code : LBRGLC68R07D872D |
|
|
|
Residence: |
|
Bedisco |
, 31/B |
- 28047 |
Oleggio |
(NO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
02/12/2010 |
|
|
|
Managing Director |
08/02/2012 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Mcgregor |
Scott George |
|
|
|
Born in Detroit |
( ) |
on 08/02/1973 |
- Fiscal Code : MCGSTT73B08Z404M |
|
|
|
Residence: |
Kipling Ave |
, 3754 |
Berkley, Mi 48072 |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
04/05/2012 |
|
|
|
Director |
04/05/2012 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Signini |
Marco |
|
|
|
Born in Novara |
(NO) |
on 30/07/1970 |
- Fiscal Code : SGNMRC70L30F952R |
|
|
|
Residence: |
|
Martiri |
, 16/BIS/F |
- 28012 |
Cressa |
(NO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
17/07/2012 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Pilla |
Monica |
|
|
|
Born in Novara |
(NO) |
on 09/11/1972 |
- Fiscal Code : PLLMNC72S49F952O |
|
|
|
Residence: |
|
Monte Grappa |
, 59 |
- 28066 |
Galliate |
(NO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
17/07/2012 |
|
|
|
|
No Prejudicial
events are reported |
|
|
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.
|
|
Alberti |
Gianluca |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Meritor Heavy Vehicle Systems Verona
S.r.l. O Piu' Brevemente Meritor Hvs Verona |
Cameri (NO) - IT - |
00957890239 |
Procurator |
Active |
Registered |
|
Arvinmeritor Suspension Systems S.r.l. In
Sigla Arvinmeritor S.r.l. |
Torino (TO) - IT - |
10511790155 |
Director |
Active |
Registered |
|
Arvinmeritor Suspension Systems S.r.l. In
Sigla Arvinmeritor S.r.l. |
Torino (TO) - IT - |
10511790155 |
Managing Director |
Active |
Registered |
|
|
Mcgregor |
Scott George |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Meritor Heavy Vehicle Systems Verona
S.r.l. O Piu' Brevemente Meritor Hvs Verona |
Cameri (NO) - IT - |
00957890239 |
Director |
Active |
Registered |
|
Meritor Heavy Vehicle Systems Verona
S.r.l. O Piu' Brevemente Meritor Hvs Verona |
Cameri (NO) - IT - |
00957890239 |
Board Chairman |
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 |
|
Arvinmeritor Italiana S.r.l. |
Milano - IT - |
05380440015 |
|
100,00 |
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 |
|
Meritor Light Vehicle Systems Como S.P.A .
O In Forma Abbreviata Meritor Lvs Como |
Albese Con Cassano - IT - |
00229530134 |
200.000.000 .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 |
(Factory) |
since 31/01/1984 |
|
|
|
|
|
|
Cameri - Bellinzago Km. 5,000 |
, s.n. |
- 28062 |
- Cameri |
(NO) |
- IT - |
|
|
|
|
PHONE |
: 0321517825-517851 |
|
|
|
|
PHONE |
: 0321423280 |
|
|
|
|
FAX |
: 0321423424 |
|
|
|
|
Employees |
: 526 |
|
Fittings and Equipment for a value of
8.910.000 |
Eur |
|
Stocks for a value of 15.470.000 |
Eur |
|
Furniture and fittings for a value of
3.100.000 |
Eur |
|
Vehicles for a value of 520.000 |
Eur |
|
|
The firm operates abroad as importer /
exporter..
To purchase foreign products the firm uses
the following channels :
|
- direct orders to foreign companies |
Export represents up to 20% of the global
turnover.
Products abroad are placed by :
|
- its own agents |
Import comes generally from the following
nations:
|
- Austria |
|
- Italy |
|
- France |
|
- Great Britain |
Export is mainly towards:
|
- Austria |
|
- Hungary |
|
- Italy |
|
- France |
Historical Information and/or
Firm's Status
CHANGES TO THE
LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Joint stock company |
Limited liability company |
05/12/1986 |
|
Limited liability company |
Joint stock company |
30/09/1991 |
COMPANY STYLE
MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Omevi Officine Meccaniche Veicoli
Industriali SpA |
|
03/01/1984 |
|
O da Terzi Rockwell CVC SpA |
Meritor Heavy Vehicle Systems Cameri SpA |
29/10/1997 |
EX-MEMBERS /
EX-POSITIONS:
|
|
Ticozzi Valerio |
Carlo |
|
|
|
Born in Milano |
(MI) |
on 26/04/1942 |
- Fiscal Code : TCZCRL42D26F205O |
|
|
|
Residence: |
|
F. Casati |
, 20 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Paris |
Emilio |
|
|
|
Born in SARONNO |
(VA) |
on 23/02/1949 |
- Fiscal Code : PRSMLE49B23I144W |
|
|
|
Residence: |
|
CAMERI BELLINZAGO |
- 28062 |
Cameri |
(NO) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Monzani |
Agostino |
|
|
|
Born in CALTIGNAGA |
(NO) |
on 20/04/1947 |
- Fiscal Code : MNZGTN47D20B431W |
|
|
|
Residence: |
|
CAMERI-BELLINZAGO KM.5 |
- 28062 |
Cameri |
(NO) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
Personnel Manager |
|
Director |
|
|
Gennaro |
Gianfranco |
|
|
|
Born in Cameri |
(NO) |
on 17/07/1949 |
- Fiscal Code : GNNGFR49L17B473S |
|
|
|
Residence: |
|
Caserma |
, 2 |
- 28062 |
Cameri |
(NO) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
Managing Director |
|
Director |
|
Director |
|
|
Siviero |
Sergio |
|
|
|
Born in Cergnago |
(PV) |
on 05/04/1947 |
- Fiscal Code : SVRSRG47D05C509P |
|
|
|
Residence: |
|
Golgi |
, 8 |
- 27036 |
Mortara |
(PV) |
- IT - |
|
Ex-Postions |
|
Director |
|
Procurator |
|
Director |
|
|
Moretti |
Renzo |
|
|
|
Born in MONTECHIARO D'ACQUI |
(AL) |
on 25/10/1945 |
- Fiscal Code : MRTRNZ45R25F469H |
|
|
|
Residence: |
|
ALLEMANO |
, 32 |
- 10095 |
Grugliasco |
(TO) |
- IT - |
|
Ex-Postions |
|
Manager |
|
Procurator |
|
|
Mondin |
Carlo |
|
|
|
Born in TREVISO |
(TV) |
on 11/08/1950 |
- Fiscal Code : MNDCRL50M11L407Y |
|
|
|
Residence: |
|
G. DI VITTORIO |
, 8 |
- 20091 |
Bresso |
(MI) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
|
Harrup |
Clive J. |
|
|
|
Born in STEWKLEY |
( ) |
on 01/06/1939 |
- Fiscal Code : HRRCVJ39H01Z114B |
|
|
|
Residence: |
|
CAMERI-BELLINZAGO KM. 5 |
- 28062 |
Cameri |
(NO) |
- GB - |
|
Ex-Postions |
|
Board Chairman |
|
Director |
|
|
Mulchandani |
Prakash R. |
|
|
|
Born in Karachi |
( ) |
on 23/08/1944 |
- Fiscal Code : MLCPKS44M23Z222Q |
|
|
|
Residence: |
|
Cameri Bellinzago Km 5 |
- 28062 |
Cameri |
(NO) |
|
Ex-Postions |
|
Director |
|
|
Spigler |
Paul |
|
|
|
Born in NEW CASTLE |
( ) |
on 30/01/1943 |
- Fiscal Code : SPGPLA43A30Z404R |
|
|
|
Residence: |
West Maple Road |
, 2135 |
TROY |
|
Ex-Postions |
|
Director |
|
|
Ghislandi |
Paolo Roberto |
|
|
|
Born in Milano |
(MI) |
on 30/08/1962 |
- Fiscal Code : GHSPRB62M30F205Q |
|
|
|
Residence: |
|
Francesco Cassani |
, 15 |
- 24047 |
Treviglio |
(BG) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Bassi |
Marco |
|
|
|
Born in Napoli |
(NA) |
on 23/07/1962 |
- Fiscal Code : BSSMRC62L23F839A |
|
|
|
Residence: |
|
F.lli Cairoli |
, 2 |
- 20026 |
Novate Milanese |
(MI) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Mc Michael |
Robert Neale |
|
|
|
Born in PITTSBURGH |
( ) |
on 03/08/1953 |
- Fiscal Code : MCMRRT53M03Z404K |
|
|
|
Residence: |
2135 WEST MAPLE ROAD |
TROY |
|
Ex-Postions |
|
Director |
|
|
Johnson |
Allan Howie
Stanley |
|
|
|
Born in GODALMING |
( ) |
on 16/04/1947 |
- Fiscal Code : JHNLNH47D16Z114E |
|
|
|
Residence: |
UNIT 21, SUTTON BUSINESS PARK |
READING |
- GB - |
|
Ex-Postions |
|
Director |
|
|
Velten |
Eberhard |
|
|
|
Born in Merenberg |
( ) |
on 16/04/1953 |
- Fiscal Code : VLTBHR53D16Z112K |
|
|
|
Residence: |
|
Prov. Cameri-bellinzago |
, KM 5 |
- 28062 |
Cameri |
(NO) |
- IT - |
|
Ex-Postions |
|
Director |
|
Board Chairman |
|
|
Mortali |
Alessandro |
|
|
|
Born in Torino |
(TO) |
on 28/12/1964 |
- Fiscal Code : MRTLSN64T28L219V |
|
|
|
Residence: |
|
Puglia |
, 35 |
- 10156 |
Torino |
(TO) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Director |
|
Managing Director |
|
|
Alberti |
Gianluca |
|
|
|
Born in Galliate |
(NO) |
on 07/10/1968 |
- Fiscal Code : LBRGLC68R07D872D |
|
|
|
Residence: |
|
Bedisco |
, 31/B |
- 28047 |
Oleggio |
(NO) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Plazzi |
Roberto |
|
|
|
Born in Napoli |
(NA) |
on 07/05/1942 |
- Fiscal Code : PLZRRT42E07F839K |
|
|
|
Residence: |
|
Negroni |
, 4 |
- 28100 |
Novara |
(NO) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Sacco |
Antonio |
|
|
|
Born in Torino |
(TO) |
on 07/05/1942 |
- Fiscal Code : SCCNTN42E07L219E |
|
|
|
Residence: |
|
Giovanni Segantini |
, 30 |
- 10024 |
Moncalieri |
(TO) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Tonetti |
Enrico |
|
|
|
Born in Abbiategrasso |
(MI) |
on 28/03/1950 |
- Fiscal Code : TNTNRC50C28A010C |
|
|
|
Residence: |
|
Paganini |
, 3 |
- 20081 |
Abbiategrasso |
(MI) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Michellone |
Giancarlo |
|
|
|
Born in Cambiano |
(TO) |
on 27/03/1940 |
- Fiscal Code : MCHGCR40C27B462P |
|
|
|
Residence: |
|
Carnia |
, 8/1 |
- 10020 |
Cambiano |
(TO) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Popovec |
Dennis James |
|
|
|
Born in Mountain Pleasant |
( ) |
on 10/03/1955 |
- Fiscal Code : PPVDNS55C10Z404H |
|
|
|
Residence: |
|
Gran Street |
, 600 |
Pittsburgh Pennsylvania |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Molnar |
Charles Emeric |
|
|
|
Born in Taut |
( ) |
on 02/06/1974 |
- Fiscal Code : MLNCRL74H02Z129F |
|
|
|
Residence: |
|
Morano |
, 5 |
- 10023 |
Chieri |
(TO) |
- IT - |
|
Ex-Postions |
|
Board Chairman |
|
Director |
|
|
ZEPPA |
ROBERTO |
|
|
|
Born in TORINO |
(TO) |
on 08/07/1949 |
- Fiscal Code : ZPPRRT49L08L219I |
|
|
|
Residence: |
|
PROVINCIALE CAMERI-BELL |
- 28062 |
Cameri |
(NO) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Camoletto |
Antonio |
|
|
|
Born in Volpiano |
(TO) |
on 28/01/1962 |
- Fiscal Code : CMLNTN62A28M122P |
|
|
|
Residence: |
|
Aldo Borletti |
, 61/63 |
- 20011 |
Corbetta |
(MI) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
SILVANI |
STEFANO |
|
|
|
Born in VERBANIA |
(NO) |
on 14/07/1958 |
- Fiscal Code : SLVSFN58L14L746D |
|
|
|
Residence: |
|
TRENTO |
, 6 |
- 28900 |
Verbania |
(VB) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
SACCHI |
GIOVANNI |
|
|
|
Born in NOVARA |
(NO) |
on 04/06/1959 |
- Fiscal Code : SCCGNN59H04F952M |
|
|
|
Residence: |
|
PROVINCIALE CAMERI-BELL |
- 28062 |
Cameri |
(NO) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Masciaga |
Marta |
|
|
|
Born in Novara |
(NO) |
on 17/10/1961 |
- Fiscal Code : MSCMRT61R57F952G |
|
|
|
Residence: |
|
Prov. Cameri-bellinzago |
, KM. 5 |
- 28062 |
Cameri |
(NO) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
Procurator |
|
|
Mcelwain |
Steven Edward |
|
|
|
Born in Owensboro, Kentucky |
( ) |
on 15/11/1961 |
- Fiscal Code : MCLSVN61S15Z404U |
|
Ex-Postions |
|
Board Chairman |
|
Director |
|
|
Quadrino |
Umberto |
|
|
|
Born in Torino |
(TO) |
on 15/05/1946 |
- Fiscal Code : QDRMRT46E15L219C |
|
|
|
Residence: |
|
Filodrammatici |
, 10 |
- 20121 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Director |
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of
merging by taking over of |
|
|
|
|
|
|
|
|
Leonardo Da Vinci |
, 32 |
, 10095 |
, Grugliasco |
(TO) |
- IT - |
|
|
|
Fiscal Code: 00543810642 |
|
|
|
Date |
Merging/splitting-up project: |
22/12/2003 |
|
|
The firm
absorbed by merging of |
|
|
|
|
|
|
|
|
Leonardo Da Vinci |
, 32 |
, 10095 |
, Grugliasco |
(TO) |
- IT - |
|
|
|
Fiscal Code: 00543810642 |
|
|
|
Date |
: |
01/05/2004 |
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 1980
The economic-financial analysis has been
made on the base of the b/s of the latests three years.
Under the financial profile unstable results
are noted. yet with a positive result in the 2011 (r.o.e. 0,19%). The turnover
is growing in the last financial year (+58,77%).
The operating result was positive in the
last financial year (2,26%) falling within the field's average.
The operating result is positive and amounts
to Eur. 1.737.870 showing an upward trend 62,72% compared to the previous
financial year.
The economic management produced a gross
operating margin of Eur. 7.463.539 on the same levels as the previous financial
year.
The analysis shows a fair financial position
as the indebtedness volume is acceptable (1,92) but with an increase as against
the previous accounting period.
Subject can manage an equity capital funds
for an amount of Eur. 23.720.351 on stable levels.
Total indebtedness amounts to Eur.
45.587.739, while during the financial year 2010 the amount was equal to Eur.
28.659.932.
The company does not exceed in bank credits;
payments average period is instead slightly high (100,91 gg.) however still
within the sector's average.
Liquidity is good (1,19)
Credits are collected in 54,35 days on the
average. , shorter than the sector's average.
Eur. 4.546.744 is the value of cash flow
during the year 2011
Subordinate employment cost is of Eur.
24.909.737, i.e. 14,51% on total production costs. , whereas 15,59% is the
incidence on sales revenues.
The financial charges are lower than the
financial incomes.
Financial Data
|
|
|
Complete balance-sheet for the year |
30/09/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
159.814.090 |
|
Profit (Loss) for the period |
45.834 |
|
|
|
Complete balance-sheet for the year |
30/09/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
100.654.485 |
|
Profit (Loss) for the period |
646.179 |
|
|
|
Complete balance-sheet for the year |
30/09/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
93.891.843 |
|
Profit (Loss) for the period |
-7.663.779 |
|
|
|
Complete balance-sheet for the year |
30/09/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
233.682.881 |
|
Profit (Loss) for the period |
4.586.433 |
|
|
|
Complete balance-sheet for the year |
30/09/2007 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
171.684.617 |
|
Profit (Loss) for the period |
-10.386.755 |
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 30/09/2011 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet as
at 30/09/2010 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet
as at 30/09/2009 - 12 Mesi - Currency: - Amounts x 1 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
RATIOS |
Value
Type |
as at 30/09/2011 |
as at 30/09/2010 |
as at 30/09/2009 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,29 |
0,30 |
0,37 |
0,23 |
|
Elasticity Ratio |
Units |
0,70 |
0,70 |
0,62 |
0,73 |
|
Availability of stock |
Units |
0,20 |
0,18 |
0,23 |
0,18 |
|
Total Liquidity Ratio |
Units |
0,50 |
0,52 |
0,40 |
0,50 |
|
Quick Ratio |
Units |
0,00 |
0,00 |
0,01 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
1,92 |
1,20 |
0,78 |
2,39 |
|
Self Financing Ratio |
Units |
0,31 |
0,39 |
0,41 |
0,22 |
|
Capital protection Ratio |
Units |
0,01 |
-0,02 |
0,32 |
0,72 |
|
Liabilities consolidation quotient |
Units |
0,11 |
0,19 |
0,39 |
0,23 |
|
Financing |
Units |
1,92 |
1,21 |
0,80 |
3,17 |
|
Permanent Indebtedness Ratio |
Units |
0,38 |
0,48 |
0,54 |
0,39 |
|
M/L term Debts Ratio |
Units |
0,07 |
0,09 |
0,13 |
0,13 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
0,00 |
1,30 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,28 |
1,62 |
1,46 |
1,56 |
|
Current ratio |
Units |
1,19 |
1,49 |
1,90 |
1,22 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,85 |
1,11 |
1,21 |
0,87 |
|
Structure's primary quotient |
Units |
1,05 |
1,31 |
1,12 |
0,86 |
|
Treasury's primary quotient |
Units |
0,00 |
0,01 |
0,02 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
324,69 |
256,89 |
242,08 |
448,01 |
|
Current Capital ( net ) |
Value |
8.630.184 |
13.994.268 |
16.461.414 |
486.040 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
2,85 |
5,33 |
-2,48 |
3,43 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
0,19 |
2,73 |
-33,28 |
3,96 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
3,47 |
4,49 |
-33,02 |
11,84 |
|
Return on Investment ( R.O.I. ) |
% |
2,26 |
1,76 |
-14,90 |
4,25 |
|
Return/ Sales |
% |
1,09 |
1,06 |
-8,85 |
4,11 |
|
Extra Management revenues/charges incid. |
% |
2,64 |
60,50 |
n.c. |
17,23 |
|
Cash Flow |
Value |
4.546.744 |
5.366.704 |
-2.329.519 |
187.008 |
|
Operating Profit |
Value |
1.737.870 |
1.067.992 |
-8.305.619 |
225.589 |
|
Gross Operating Margin |
Value |
7.463.539 |
6.258.097 |
-2.941.161 |
370.750 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
54,35 |
69,10 |
54,91 |
119,80 |
|
Debts to suppliers average term |
Days |
100,91 |
98,55 |
67,93 |
120,31 |
|
Average stock waiting period |
Days |
34,85 |
38,53 |
48,24 |
63,58 |
|
Rate of capital employed return ( Turnover
) |
Units |
2,08 |
1,66 |
1,68 |
1,04 |
|
Rate of stock return |
Units |
10,33 |
9,34 |
7,46 |
5,63 |
|
Labour cost incidence |
% |
15,59 |
19,63 |
18,95 |
16,99 |
|
Net financial revenues/ charges incidence |
% |
0,05 |
0,22 |
-0,01 |
-1,67 |
|
Labour cost on purchasing expenses |
% |
14,51 |
17,56 |
16,78 |
17,79 |
|
Short-term financing charges |
% |
0,70 |
n.c. |
1,05 |
3,19 |
|
Capital on hand |
% |
48,19 |
60,42 |
59,37 |
95,87 |
|
Sales pro employee |
Value |
205.416 |
163.135 |
167.365 |
200.447 |
|
Labour cost pro employee |
Value |
32.017 |
32.022 |
31.717 |
34.557 |
Market / Territory Data
|
Population living in the province |
: |
353.743 |
|
Population living in the region |
: |
4.330.172 |
|
Number of families in the region |
: |
1.889.207 |
Monthly family expenses average in the
region (in Eur..) :
|
- per food products |
: |
429 |
|
- per non food products |
: |
1.789 |
|
- per energy consume |
: |
135 |
Sector Data
The values are calculated on a base of 441
significant companies.
The companies cash their credits on an
average of 120 dd.
The average duration of suppliers debts is
about 120 dd.
The sector's profitability is on an average
of 3,43%.
The labour cost affects the turnover in the
measure of 16,99%.
Goods are held in stock in a range of 64 dd.
The difference between the sales volume and
the resources used to realize it is about 1,04.
The employees costs represent the 17,79% of
the production costs.
Statistical Detrimental Data
Statistcally the trade activity shows
periods of crisis.
The area is statistically considered
moderately risky.
In the region 27.019 protested subjects are
found; in the province they count to 2.505.
The insolvency index for the region is 0,63,
, while for the province it is 0,71.
Total Bankrupt companies in the province :
1.102.
Total Bankrupt companies in the region :
14.165.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.53 |
|
UK Pound |
1 |
Rs.83.59 |
|
Euro |
1 |
Rs.71.33 |
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.