|
Report Date : |
19.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
PALAZZETTI LELIO S.P.A. |
|
|
|
|
Registered Office : |
Via Roveredo, 103 33080 – Porcia (PN) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
27.02.1981 |
|
|
|
|
Com. Reg. No.: |
PN033-4912 of since 19/02/1996 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture of non-electric domestic appliances |
|
|
|
|
No. of Employees : |
From 251 to 500 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
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 (31.03.2011) |
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, highly subsidized, agricultural south, where unemployment is
high. 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 its exceptionally high public debt
and structural impediments to growth have rendered it vulnerable to scrutiny by
financial markets. Public debt has increased steadily since 2007, topping 126%
of GDP in 2012, and investor concerns about the broader euro-zone crisis at
times have caused borrowing costs on sovereign government debt to rise to
euro-era. During the second half of 2011 the government passed three austerity
packages to reduce its budget deficit and help bring down borrowing costs.
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 sustain its recent efforts to address
Italy's long-standing structural impediments to growth, such as labor market
inefficiencies and widespread tax evasion. In 2012 economic growth and labor
market conditions deteriorated, with growth at -2.3% and unemployment rising to
nearly 11%, with youth unemployment around 35%. The government has undertaken
several reform iniatiatives designed to increase long-term economic growth.
Italy's GDP is now 7% below its 2007 pre-crisis level.
Source
: CIA
Palazzetti Lelio S.p.A.
Via Roveredo, 103
33080 – Porcia (PN) -IT-
|
Fiscal Code |
: |
00429500937 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
27/02/1981 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
50.000.000/75.000.000 |
|
Number of Employees |
: |
from 251 to 500 |
Manufacture of non-electric domestic appliances
Manufacture of ovens, furnaces and heaters
Other construction and installations activities n.e.c.
Legal Form : Joint stock company
|
Fiscal Code : 00429500937 |
|
Foreign Trade Reg. no. : PN000881 since 26/11/1991 |
|
Chamber of Commerce no. : 30968 of since 21/03/1981 |
|
Firms' Register : PN033-4912 of since 19/02/1996 |
|
V.A.T. Code : 00429500937 |
|
Foundation date |
: 27/12/1981 |
|
|
Establishment date |
: 27/02/1981 |
|
|
Start of Activities |
: 27/02/1981 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 516.460 |
|
|
Subscribed Capital |
: 516.460 |
|
|
Paid up Capital |
: 516.460 |
|
|
|
Palazzetti |
Lelio |
|
|
|
Born in Gorizia |
(GO) |
on 21/11/1928 |
- Fiscal Code : PLZLLE28S21E098M |
|
|
|
Residence: |
|
Oslavia |
, 9 |
- 33170 |
Pordenone |
(PN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
12/07/2010 |
|
|
|
Board Chairman |
12/07/2010 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Palazzetti |
Ruben |
|
|
|
Born in Buenos Aires |
( ) |
on 07/08/1950 |
- Fiscal Code : PLZRBN50M07Z600A |
|
|
|
Residence: |
|
Amendola |
, 5 |
- 33080 |
Porcia |
(PN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
|
|
|
|
Director |
12/07/2010 |
|
|
|
Assistant board Chairman |
12/07/2010 |
|
|
|
Managing Director |
12/07/2010 |
|
|
|
|
Prejudicial events registered |
|
|
No Protests registered |
|
|
Tosato |
Pierluigi |
|
|
|
Born in Bussolengo |
(VR) |
on 29/06/1963 |
- Fiscal Code : TSTPLG63H29B296D |
|
|
|
Residence: |
|
Galleria Latina |
, 5 |
- 31100 |
Treviso |
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
01/01/2012 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Palazzetti |
Marco |
|
|
|
Born in Aviano |
(PN) |
on 03/09/1974 |
- Fiscal Code : PLZMRC74P03A516P |
|
|
|
Residence: |
|
Planton |
, 19 |
- 33170 |
Pordenone |
(PN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
12/07/2010 |
|
|
|
Managing Director |
30/06/2007 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Palazzetti |
Chiara |
|
|
|
Born in Aviano |
(PN) |
on 31/05/1976 |
- Fiscal Code : PLZCHR76E71A516L |
|
|
|
Residence: |
|
Oslavia |
, 3 |
- 33170 |
Pordenone |
(PN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
12/07/2010 |
|
|
|
Managing Director |
12/07/2010 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Ralfh S.r.l. |
|
|
|
|
|
|
Residence: |
|
Damiani |
, 4 |
- 33170 |
Pordenone |
(PN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
|
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Manzon |
Lucilla |
|
|
|
Born in Pordenone |
(PN) |
on 28/02/1950 |
- Fiscal Code : MNZLLL50B68G888O |
|
|
|
Residence: |
|
Amendola |
, 5 |
- 33080 |
Porcia |
(PN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
12/07/2010 |
|
|
|
Managing Director |
12/07/2010 |
|
|
|
|
Prejudicial events registered |
|
|
No Protests registered |
|
|
Pegorini |
Cristiano |
|
|
|
Born in Roma |
(RM) |
on 17/03/1969 |
- Fiscal Code : PGRCST69C17H501N |
|
|
|
Residence: |
|
S. Giovanni |
, 8/9 |
- 33030 |
Campoformido |
(UD) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
24/06/2011 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
*checkings have been performed on a national scale.
In this module are listed the companies in which members hold or have
holded positions.
|
|
Palazzetti |
Lelio |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Calipso S.r.l. In Liquidazione |
San Quirino (PN) - IT - |
01212750937 |
Director |
Withdrawn |
Registered |
|
Calipso S.r.l. In Liquidazione |
San Quirino (PN) - IT - |
01212750937 |
Board Chairman |
Withdrawn |
Registered |
|
Banca Friuladria Holding - Societa' PerAzioni |
Pordenone (PN) - IT - |
00095810933 |
Director |
Withdrawn |
Ceased |
|
PALAZZETTI LELIO |
Porcia (PN) - IT - |
PLZLLE28S21E098M |
Proprietor |
Withdrawn |
Registered |
|
Industria Palazzetti S.a.s. Di L.palazzeti E C. |
Zoppola (PN) - IT - |
00406360933 |
General Partner |
Withdrawn |
Ceased |
|
INDUSTRIA TERMOCUCINE PORCIA I.T.P. - S.R.L. O PIU' BREVEMENTE I.T.P. -
S.R.L. |
Porcia (PN) - IT - |
00437850936 |
Chairman |
Withdrawn |
Registered |
|
PALAZZETTI LELIO eamp; C. S.N.C. |
Porcia (PN) - IT - |
01025920933 |
Co-Partner |
Withdrawn |
Registered |
|
Palazzetti Per Te S.r.l. |
Pordenone (PN) - IT - |
01474200936 |
Director |
Active |
Registered |
|
Palazzetti Per Te S.r.l. |
Pordenone (PN) - IT - |
01474200936 |
Managing
Director |
Active |
Registered |
|
Palazzetti Per Te S.r.l. |
Pordenone (PN) - IT - |
01474200936 |
Board Chairman |
Active |
Registered |
|
Palazzetti Immobiliare S.r.l. In Liquidazione |
Porcia (PN) - IT - |
01506350931 |
Director |
Withdrawn |
Ceased |
|
Blue Invest S.r.l.*in Liquidazione* |
Azzano Decimo (PN) - IT - |
01550570939 |
Director |
Withdrawn |
Ceased |
|
Blue Invest S.r.l.*in Liquidazione* |
Azzano Decimo (PN) - IT - |
01550570939 |
Board Chairman |
Withdrawn |
Ceased |
|
|
Palazzetti |
Ruben |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Calipso S.r.l. In Liquidazione |
San Quirino (PN) - IT - |
01212750937 |
Director |
Withdrawn |
Registered |
|
Calipso S.r.l. In Liquidazione |
San Quirino (PN) - IT - |
01212750937 |
Assistant board
Chairman |
Withdrawn |
Registered |
|
Industria Palazzetti S.a.s. Di L.palazzeti E C. |
Zoppola (PN) - IT - |
00406360933 |
Limited Partner |
Withdrawn |
Ceased |
|
PALAZZETTI LELIO eamp; C. S.N.C. |
Porcia (PN) - IT - |
01025920933 |
Co-Partner |
Withdrawn |
Registered |
|
Briky E Briks S.r.l. |
Azzano Decimo (PN) - IT - |
01451640930 |
Director |
Active |
Registered |
|
Briky E Briks S.r.l. |
Azzano Decimo (PN) - IT - |
01451640930 |
Board Chairman |
Active |
Registered |
|
Ralfh S.r.l. |
Pordenone (PN) - IT - |
01559610934 |
Sole Director |
Withdrawn |
Registered |
|
Calyx S.r.l. In Liquidazione |
San Quirino (PN) - IT - |
01620610939 |
Director |
Withdrawn |
Registered |
|
Calyx S.r.l. In Liquidazione |
San Quirino (PN) - IT - |
01620610939 |
Board Chairman |
Withdrawn |
Registered |
|
Palazzetti Per Te S.r.l. |
Pordenone (PN) - IT - |
01474200936 |
Director |
Active |
Registered |
|
Palazzetti Per Te S.r.l. |
Pordenone (PN) - IT - |
01474200936 |
Assistant board
Chairman |
Active |
Registered |
|
Palazzetti Per Te S.r.l. |
Pordenone (PN) - IT - |
01474200936 |
Managing
Director |
Active |
Registered |
|
Palazzetti Immobiliare S.r.l. In Liquidazione |
Porcia (PN) - IT - |
01506350931 |
Director |
Withdrawn |
Ceased |
|
Palazzetti Immobiliare S.r.l. In Liquidazione |
Porcia (PN) - IT - |
01506350931 |
Liquidator |
Withdrawn |
Ceased |
|
Blue Invest S.r.l.*in Liquidazione* |
Azzano Decimo (PN) - IT - |
01550570939 |
Director |
Withdrawn |
Ceased |
|
Pulibrill Full Service S.r.l. - ServiziGlobali |
Castelfranco Emilia (MO) - IT - |
03079390369 |
Director |
Withdrawn |
Registered |
|
Royal S.r.l. |
Porcia (PN) - IT - |
01574670939 |
Director |
Withdrawn |
Ceased |
|
Royal S.r.l. |
Porcia (PN) - IT - |
01574670939 |
Board Chairman |
Withdrawn |
Ceased |
|
|
Palazzetti |
Marco |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Briky E Briks S.r.l. |
Azzano Decimo (PN) - IT - |
01451640930 |
Director |
Active |
Registered |
|
Negozium S.r.l. *in Liquidazione* |
Porcia (PN) - IT - |
01574710933 |
Director |
Withdrawn |
Ceased |
|
Pulibrill Full Service S.r.l. - ServiziGlobali |
Castelfranco Emilia (MO) - IT - |
03079390369 |
Director |
Withdrawn |
Registered |
|
Pulibrill Full Service S.r.l. - ServiziGlobali |
Castelfranco Emilia (MO) - IT - |
03079390369 |
Managing
Director |
Withdrawn |
Registered |
|
Royal S.r.l. |
Porcia (PN) - IT - |
01574670939 |
Director |
Withdrawn |
Ceased |
|
|
Palazzetti |
Chiara |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Negozium S.r.l. *in Liquidazione* |
Porcia (PN) - IT - |
01574710933 |
Director |
Withdrawn |
Ceased |
|
Royal S.r.l. |
Porcia (PN) - IT - |
01574670939 |
Director |
Withdrawn |
Ceased |
|
|
Manzon |
Lucilla |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Industria Palazzetti S.a.s. Di L.palazzeti E C. |
Zoppola (PN) - IT - |
00406360933 |
Limited Partner |
Withdrawn |
Ceased |
|
Briky E Briks S.r.l. |
Azzano Decimo (PN) - IT - |
01451640930 |
Director |
Active |
Registered |
|
Briky E Briks S.r.l. |
Azzano Decimo (PN) - IT - |
01451640930 |
Assistant board
Chairman |
Active |
Registered |
|
Palazzetti Per Te S.r.l. |
Pordenone (PN) - IT - |
01474200936 |
Director |
Active |
Registered |
|
Palazzetti Immobiliare S.r.l. In Liquidazione |
Porcia (PN) - IT - |
01506350931 |
Director |
Withdrawn |
Ceased |
|
Blue Invest S.r.l.*in Liquidazione* |
Azzano Decimo (PN) - IT - |
01550570939 |
Director |
Withdrawn |
Ceased |
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Ralfh S.r.l. |
Pordenone - IT - |
01559610934 |
|
100,00 |
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares
Amount |
% Ownership |
since |
until |
Share Status |
|
Calipso S.r.l. In Liquidazione |
San Quirino - IT - |
01212750937 |
100.000 .Eur |
100,00 |
|
|
Active |
|
Rete - Impresa Societa' Consortile A Res ponsabilita' Limitata |
Maniago - IT - |
01251320931 |
65 .Eur |
0,10 |
|
|
Active |
|
Pordenone Energia - Societa' Consortile Per Azioni |
Pordenone - IT - |
01400720932 |
250 .Eur |
0,06 |
|
|
Active |
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
since 21/11/1989 |
|
|
|
|
|
|
Roveredo |
, 103 |
- 33080 |
- Porcia |
(PN) |
- IT - |
|
|
|
|
PHONE |
: 0434922922 |
|
|
|
|
FAX |
: 0434922355 |
|
|
|
|
Email |
: info@palazzetti.it |
|
|
|
|
Website |
: www.palazzetti.it |
|
- |
Branch |
(Operating branch) |
since 01/01/1986 |
until 21/11/1989 |
|
|
|
|
|
|
Rot |
, 1 |
- 33080 |
- Zoppola |
(PN) |
- IT - |
|
|
|
|
PHONE |
: 0434979696 |
|
|
|
|
Legal mail |
: PALAZZETTI@PEC.PALAZZETTI.EU |
|
- |
Branch |
(Factory) |
since 15/01/1998 |
|
|
|
|
|
|
Luigi Galvani |
, 26 |
- 33080 |
- Porcia |
(PN) |
- IT - |
|
|
|
|
PHONE |
: 0434921785 |
|
- |
Branch |
(Store) |
since 01/12/2006 |
|
|
|
|
|
|
Castelfranco Veneto |
, 75 |
- 33170 |
- Pordenone |
(PN) |
- IT - |
|
|
|
|
Employees |
: 326 |
|
Fittings and Equipment for a value of 3.490.000 |
Eur |
|
Stocks for a value of 21.680.000 |
Eur |
|
Vehicles for a value of 520.000 |
Eur |
Trade organization: direct or by agents.
Sales are on an international scale.
|
|
The firm operates abroad as exporter..
Export trade is the 20 % of the global turnover.
Products abroad are placed by :
|
- importers |
|
- its own foreign branches |
Company uses to accept the following term of sales: 30-60-90 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.
Export is mainly towards:
|
- Europa |
The subject firm uses the following own selling brands:
|
- Choro Sistema Calore |
|
- Royal |
|
- Palazzetti in Giardino |
|
- Multifire |
|
- Palex |
Traded Brands / Suppliers
|
- Unirossi Srl |
|
- Green Energy Solution Srl |
|
- Torneria Friulana Del Legno |
EX-MEMBERS / EX-POSITIONS:
|
|
Palazzetti |
Lelio |
|
|
|
Born in Gorizia |
(GO) |
on 21/11/1928 |
- Fiscal Code : PLZLLE28S21E098M |
|
|
|
Residence: |
|
Oslavia |
, 9 |
- 33170 |
Pordenone |
(PN) |
- IT - |
|
Ex-Postions |
|
Sole Director |
|
|
Vernier |
Oscar |
|
|
|
Born in Torino |
(TO) |
on 18/05/1957 |
- Fiscal Code : VRNSCR57E18L219S |
|
|
|
Residence: |
|
Delle Sorgive |
, 19 |
- 33030 |
Varmo |
(UD) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
|
Brun |
Luigia |
|
|
|
Born in Porcia |
(PN) |
on 07/12/1926 |
- Fiscal Code : BRNLGU26T47G886V |
|
|
|
Residence: |
|
Oslavia |
, 9 |
- 33170 |
Pordenone |
(PN) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
PALAZZETTI |
CINZIA |
|
|
|
Born in PORDENONE |
(PN) |
on 15/02/1957 |
- Fiscal Code : PLZCNZ57B55G888S |
|
|
|
Residence: |
|
FONTANAZZE |
, 30 |
- 33170 |
Pordenone |
(PN) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
RIVENOTTO |
BRUNO |
|
|
|
Born in PORDENONE |
(PN) |
on 24/02/1947 |
- Fiscal Code : RVNBRN47B24G888U |
|
|
|
Residence: |
|
J. STELLINI |
, 6 |
- 33170 |
Pordenone |
(PN) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
CEASINGS/INCORPORATIONS/MERGES:
|
|
Splitting-up project and setting-up of new co |
|
|
|
Date |
Merging/Splitting-up Project-New Company: |
22/12/2004 |
|
|
Splitting-up and setting-up of a new company |
|
|
|
BLUE INVEST S.R.L. |
|
|
|
, 33082 |
, Azzano Decimo |
(PN) |
- IT - |
|
|
|
Date |
Splitting-up: |
08/06/2005 |
|
|
Project of merging by taking over of |
|
|
|
Royal S.r.l. |
|
|
|
|
Roveredo |
, 103 |
, 33080 |
, Porcia |
(PN) |
- IT - |
|
|
|
Fiscal Code: 01574670939 |
|
|
|
Date |
Merging/splitting-up project: |
06/10/2010 |
|
|
Resolution of merging of |
|
|
|
Royal S.r.l. |
|
|
|
|
Roveredo |
, 103 |
, 33080 |
, Porcia |
(PN) |
- IT - |
|
|
|
Fiscal Code: 01574670939 |
|
|
|
Date |
: |
18/10/2010 |
|
|
The firm absorbed by merging of |
|
|
|
Royal S.r.l. |
|
|
|
|
Roveredo |
, 103 |
, 33080 |
, Porcia |
(PN) |
- IT - |
|
|
|
Fiscal Code: 01574670939 |
|
|
|
Date |
: |
21/12/2010 |
|
|
Project of merging by taking over of |
|
|
|
Ralfh S.r.l. |
|
|
|
|
Damiani |
, 4 |
, 33170 |
, Pordenone |
(PN) |
- IT - |
|
|
|
Fiscal Code: 01559610934 |
|
|
|
Date |
Merging/splitting-up project: |
22/06/2012 |
|
|
The firm absorbed by merging of |
|
|
|
Ralfh S.r.l. |
|
|
|
|
Damiani |
, 4 |
, 33170 |
, Pordenone |
(PN) |
- IT - |
|
|
|
Fiscal Code: 01559610934 |
|
|
|
Date |
: |
27/11/2012 |
Protests checking on the subject firm has given a negative result.
Search performed on a National Scale
|
|
|
Prejudicial Events Search Result: NEGATIVE |
Search performed on a specialized data base.
None reported, standing to the latest received edition of the Official
Publications.
The firm operates with:
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
banca Popolare di Vicenza |
0434/923108 |
Piazza Remigi 58/59 |
|
Porcia |
05728 |
64950 |
|
BANCA POP. FRIULADRIA SPA |
|
|
|
|
5336 |
0 |
Company's starting of activities dates back to 1981.
The eonomic-financial analysis is based on the latest 3 b/s.
Unstable economic results mark the company's financial state of affairs.
; in the last financial year a loss was registered (r.o.e. -2,12%) In the last
financial year a drop in sales has been registered (-9,49%).
The operating result in 2011 was positive (0,8%) and in line with the
sector's average.
The amount of the operating result is equal to Eur. 620.248 showing a
downwards trend equal to -52,65% if compared to the value of the financial year
2010.
The economic management produced a gross operating margin of Eur.
3.848.969 with no sensible increase as against 2010.
The analysis shows a fair financial position as the indebtedness volume
is acceptable (1,59) but with an increase as against the previous accounting
period.
Subject can manage an equity capital funds for an amount of Eur.
24.891.525 , unchanged as opposed to the preceding year.
Total debts recorded amounted to Eur. 48.430.861 (Eur. 8.649.542 of
which were m/l term debts) with no important change.
The recourse to bank credit is slightly high and also borrowings from
suppliers appear to be high, with an average payment period equal to 143,84 gg.
but lined up with the field's average.
Liquidity is good (1,35)
Trade credits are collected slowly, average term is 165,62 days. even
higher than the average of the specific sector.
2011 financial year closed with a cash flow of Eur. 2.402.152
Subordinate employment cost is of Eur. 12.909.826, i.e. 20,09% on total
production costs. , whereas the incidence of such costs on sales revenues is
equal to 20,62%.
The financial management has a limited economic impact, equal to -0,85%
on the sales.
|
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
62.621.756 |
|
Profit (Loss) for the period |
-526.569 |
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
69.190.592 |
|
Profit (Loss) for the period |
249.487 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
76.210.676 |
|
Profit (Loss) for the period |
212.806 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
64.306.800 |
|
Profit (Loss) for the period |
-9.570.514 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
75.068.709 |
|
Profit (Loss) for the period |
232.288 |
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 |
0,30 |
0,27 |
0,28 |
0,18 |
|
Elasticity Ratio |
Units |
0,69 |
0,73 |
0,71 |
0,79 |
|
Availability of stock |
Units |
0,28 |
0,26 |
0,27 |
0,21 |
|
Total Liquidity Ratio |
Units |
0,41 |
0,46 |
0,45 |
0,52 |
|
Quick Ratio |
Units |
0,00 |
0,00 |
0,02 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
1,59 |
1,55 |
1,44 |
3,01 |
|
Self Financing Ratio |
Units |
0,32 |
0,32 |
0,32 |
0,19 |
|
Capital protection Ratio |
Units |
1,00 |
0,97 |
0,97 |
0,66 |
|
Liabilities consolidation quotient |
Units |
0,27 |
0,29 |
0,39 |
0,16 |
|
Financing |
Units |
1,95 |
1,92 |
1,93 |
3,56 |
|
Permanent Indebtedness Ratio |
Units |
0,46 |
0,47 |
0,50 |
0,34 |
|
M/L term Debts Ratio |
Units |
0,14 |
0,15 |
0,18 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
1,05 |
0,87 |
0,73 |
0,69 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,52 |
1,74 |
1,75 |
1,65 |
|
Current ratio |
Units |
1,35 |
1,45 |
1,52 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,80 |
0,92 |
0,95 |
0,86 |
|
Structure's primary quotient |
Units |
1,06 |
1,19 |
1,11 |
1,02 |
|
Treasury's primary quotient |
Units |
0,00 |
0,00 |
0,03 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
310,58 |
308,59 |
317,25 |
509,92 |
|
Current Capital ( net ) |
Value |
13.840.146 |
17.575.261 |
19.462.439 |
330.495 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
3,84 |
3,41 |
3,37 |
3,79 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-2,12 |
0,98 |
0,85 |
6,70 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-0,86 |
3,80 |
3,30 |
18,82 |
|
Return on Investment ( R.O.I. ) |
% |
0,80 |
1,67 |
2,07 |
4,89 |
|
Return/ Sales |
% |
0,99 |
1,89 |
2,17 |
4,78 |
|
Extra Management revenues/charges incid. |
% |
-84,90 |
19,05 |
12,87 |
29,96 |
|
Cash Flow |
Value |
2.402.152 |
2.362.437 |
2.570.907 |
165.166 |
|
Operating Profit |
Value |
620.248 |
1.309.958 |
1.653.126 |
225.594 |
|
Gross Operating Margin |
Value |
3.848.969 |
3.424.908 |
4.012.409 |
376.080 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
165,62 |
176,56 |
128,97 |
111,07 |
|
Debts to suppliers average term |
Days |
143,84 |
163,18 |
147,18 |
127,44 |
|
Average stock waiting period |
Days |
124,62 |
107,60 |
101,52 |
62,88 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,81 |
0,88 |
0,95 |
1,10 |
|
Rate of stock return |
Units |
2,89 |
3,35 |
3,55 |
5,58 |
|
Labour cost incidence |
% |
20,62 |
20,93 |
19,04 |
18,94 |
|
Net financial revenues/ charges incidence |
% |
-0,85 |
-0,48 |
-0,55 |
-1,15 |
|
Labour cost on purchasing expenses |
% |
20,09 |
20,90 |
18,34 |
18,99 |
|
Short-term financing charges |
% |
1,22 |
0,76 |
0,96 |
2,55 |
|
Capital on hand |
% |
123,45 |
113,37 |
104,77 |
90,89 |
|
Sales pro employee |
Value |
181.512 |
192.196 |
221.542 |
199.007 |
|
Labour cost pro employee |
Value |
37.419 |
40.227 |
42.187 |
34.820 |
|
Population living in the province |
: |
297.699 |
|
Population living in the region |
: |
1.204.718 |
|
Number of families in the region |
: |
516.349 |
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
377 |
|
- per non food products |
: |
1.727 |
|
- per energy consume |
: |
114 |
The values are calculated on a base of 1.964 significant companies.
The companies cash their credits on an average of 111 dd.
The average duration of suppliers debts is about 127 dd.
The sector's profitability is on an average of 3,79%.
The labour cost affects the turnover in the measure of 18,94%.
Goods are held in stock in a range of 63 dd.
The difference between the sales volume and the resources used to
realize it is about 1,10.
The employees costs represent the 18,99% of the production costs.
Statistcally the trade activity shows periods of crisis.
The area is statistically considered lowly risky.
In the region 3.901 protested subjects are found; in the province they
count to 695.
The insolvency index for the region is 0,33, , while for the province it
is 0,24.
Total Bankrupt companies in the province : 1.260.
Total Bankrupt companies in the region : 5.085.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.03 |
|
|
1 |
Rs.82.43 |
|
Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.