MIRA
INFORM REPORT
|
Report Date : |
11.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
MILGRANDI S.P.A. |
|
|
|
|
Registered Office : |
Via Caravaggio, 2/B, 20033 Desio (MB) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
09.07.1980 |
|
|
|
|
Com. Reg. No.: |
MI149-18226 of since 19/02/1996 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
· Production of abrasive products · Wholesaler of metalliferous minerals, ferrous metals and semi-finished products |
|
|
|
|
No. of Employees : |
from 36 to 50 |
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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
initiatives designed to increase long-term economic growth. Italy's GDP is now
7% below its 2007 pre-crisis level.
|
Source : CIA |
Company name & address
Milgrandi S.p.A.
Via Caravaggio, 2/B
20033 - Desio (MB) -IT-
Summary
|
Fiscal Code |
: |
05890860157 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
09/07/1980 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
35.000.000/50.000.000 |
|
Number of Employees |
: |
from 36 to 50 |
Activity
Production of abrasive products
Wholesale of metalliferous minerals, ferrous
metals and semi-finished products
Legal Data
Legal Form : Joint stock company
|
Fiscal Code : 05890860157 |
|
Foreign Trade Reg. no. : MB014483 since
11/12/1991 |
|
Foreign Trade Reg. no. : 29591 of since
11/12/1991 |
|
Chamber of Commerce no. : 502738 of |
|
Chamber of Commerce no. : 379202 of |
|
Chamber of Commerce no. : 365298 of |
|
Chamber of Commerce no. : 148105 of |
|
Chamber of Commerce no. : 1047811 of since
20/07/2007 |
|
Chamber of Commerce no. : 1047811 of since
03/09/1980 |
|
Chamber of Commerce no. : 123161 of |
|
Chamber of Commerce no. : 78523 of |
|
Chamber of Commerce no. : 1188345 of |
|
Chamber of Commerce no. : 167084 of |
|
Chamber of Commerce no. : 1117516 of |
|
Chamber of Commerce no. : 353424 of |
|
Chamber of Commerce no. : 244112 of |
|
Firms' Register : MI149-18226 of since
19/02/1996 |
|
V.A.T. Code : 00808450969 |
|
Foundation date |
: 09/07/1980 |
|
|
Establishment date |
: 09/07/1980 |
|
|
Start of Activities |
: 09/07/1980 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 1.042.634 |
|
|
Subscribed Capital |
: 1.042.634 |
|
|
Paid up Capital |
: 1.042.634 |
|
Members
|
|
Cereda |
Paola |
|
|
|
Born in Monza |
(MB) |
on 17/11/1970 |
- Fiscal Code : CRDPLA70S57F704A |
|
|
|
Residence: |
|
Traversi |
, 14 |
- 20832 |
Desio |
(MB) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
17/03/1995 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Arnaud |
Patrick Rene'
Joseph |
|
|
|
Born in Jallieu |
( ) |
on 05/12/1954 |
- Fiscal Code : RNDPRC54T05Z110U |
|
|
|
Residence: |
|
Berna |
, 10 |
- 24040 |
Verdellino |
(BG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
28/06/2012 |
|
|
|
Director |
28/06/2012 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Fayard |
Pierre Yves |
|
|
|
Born in Valence Drome |
( ) |
on 26/04/1962 |
- Fiscal Code : FYRPRY62D26Z110E |
|
|
|
Residence: |
Charles Lory |
, 8 |
- 38000 |
Grenoble |
- FR - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/06/2012 |
|
|
|
Managing Director |
12/07/2012 |
|
|
|
|
No Prejudicial events
are reported |
|
|
No Protests
registered |
|
|
Mantovani |
Emilio |
|
|
|
Born in Milano |
(MI) |
on 27/04/1964 |
- Fiscal Code : MNTMLE64D27F205D |
|
|
|
Residence: |
|
Beata G. Beretta Molla |
, 51 |
- 20013 |
Magenta |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
29/05/2009 |
|
|
|
Director |
28/06/2012 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Guida |
Daniela Cristina |
|
|
|
Born in Monza |
(MB) |
on 01/02/1965 |
- Fiscal Code : GDUDLC65B41F704U |
|
|
|
Residence: |
|
Parada |
, 31 |
- 20854 |
Vedano Al Lambro |
(MB) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
02/04/2012 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
Companies connected to members *
*checkings have been performed on a national
scale.
In this module are listed the companies in
which members hold or have holded positions.
|
|
Arnaud |
Patrick Rene'
Joseph |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Wheelabrator Allevard Italia S.r.l. In
Liquidazione |
Desio (MB) - IT - |
07730450017 |
Liquidator |
Withdrawn |
Registered |
|
W. Diamant Italia S.r.l. |
Verdellino (BG) - IT - |
03835930169 |
Sole Director |
Active |
Registered |
|
|
Fayard |
Pierre Yves |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
P.a. S.r.l. In Liquidazione |
Milano (MI) - IT - |
05733510969 |
Liquidator |
Active |
Registered |
|
Partecipazioni Industriali Holding S.r.l.
(od In Breve P.i.h. S.r .l.) |
Milano (MI) - IT - |
05733520968 |
Sole Director |
Active |
Registered |
The indication "REGISTERED" as
Firm Status could refer to Firms in Liquidation, Active, Inactive, etc.
For more information, in this case, we
advise to request further investigations.
Capital Shareholders
Shareholders'
list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Wheelabrator Allevard S.A. |
Roma - IT - |
91068190155 |
786.667 .Eur |
75,45 |
|
Cocco S.r.l. |
Desio - IT - |
07060710964 |
312 .Eur |
0,03 |
|
Wa S.a.s. |
|
91085680154 |
255.655 .Eur |
24,52 |
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 |
|
ACIMM per il Marmo S.r.l. |
Milano - IT - |
08564020157 |
3.000.000 .Eur |
3,85 |
|
|
Active |
|
Dit S.p.a. In Liquidazione |
Desio - IT - |
02861340962 |
10 .Eur |
|
11/07/2000 |
|
Active |
|
Nuove Trafilerie di Valmadrera S.R.L. |
Desio - IT - |
01193470133 |
94.050.000 .Eur |
95,00 |
|
|
Active |
Firm's location and structure
In order to carry out its activities the
firm uses the following locations:
|
- |
Legal and
operative seat |
|
until 28/06/2012 |
|
|
|
|
|
|
Garibaldi |
, 6/C |
- 20033 |
- Desio |
(MB) |
- IT - |
|
- |
Registered
office |
since 09/07/1980 |
|
|
|
|
|
|
Caravaggio |
, 2/B |
- 20033 |
- Desio |
(MB) |
- IT - |
|
- |
Branch |
(Administrative
office) |
since 01/10/2008 |
|
|
|
|
|
|
Parco |
, 47 |
- 20046 |
- Biassono |
(MB) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 01/01/2010 |
|
|
|
|
|
|
Zaccagna |
, 36 |
- 54033 |
- Carrara |
(MS) |
- IT - |
|
- |
Branch |
(Sales office) |
since 29/12/2009 |
|
|
|
|
|
|
Castellana |
, 88/D |
- 30030 |
- Martellago |
(VE) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 01/03/1996 |
|
|
|
|
|
|
Campagnon |
, 10 |
- 37100 |
- Verona |
(VR) |
- IT - |
|
- |
Branch |
(Store) |
since 29/12/2009 |
|
|
|
|
|
|
Crosara |
, 54 |
- 37023 |
- Grezzana |
(VR) |
- IT - |
|
|
|
|
Employees |
: 41 |
|
Fittings and Equipment for a value of
1.790.000 |
Eur |
|
Stocks for a value of 3.400.000 |
Eur |
|
Furniture and fittings for a value of
52.000 |
Eur |
|
Vehicles for a value of 180.000 |
Eur |
|
|
The firm operates abroad as importer /
exporter..
To purchase foreign products the firm uses
the following channels :
|
- distributors |
|
- its own foreign branches |
|
- direct orders to foreign companies |
Export represents up to 20% of the global
turnover.
Products abroad are placed by :
|
- importers |
|
- trading companies |
|
- its own sales net-work |
|
- direct orders from foreign companies |
Import comes generally from the following
nations:
|
- Italy |
|
- Austria |
Export is mainly towards:
|
- Italy |
|
- France |
|
- Gabon |
|
- Greece |
|
- Ireland |
Historical Information and/or Firm's Status
CHANGES TO THE
LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Other forms |
Joint stock company |
11/11/1980 |
COMPANY STYLE
MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Abrasivi Metallici Industriali S.p.A. |
Milgrandi S.p.A. |
01/01/2005 |
EX-MEMBERS /
EX-POSITIONS:
|
|
Sala |
Gino |
|
|
|
Born in Desio |
(MB) |
on 16/12/1920 |
- Fiscal Code : SLAGNI20T16D286U |
|
|
|
Residence: |
|
Trezzi |
, 0005 |
- 20033 |
Desio |
(MB) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
Sala |
Ilario |
|
|
|
Born in Osnago |
(CO) |
on 26/10/1950 |
- Fiscal Code : SLALRI50R26G161X |
|
|
|
Residence: |
|
Resegone |
, 0012 |
- 23875 |
Osnago |
(LC) |
- IT - |
|
Ex-Postions |
|
General Director |
|
Director |
|
Managing Director |
|
|
Brenna |
Mario |
|
|
|
Born in SEREGNO |
(MB) |
on 09/11/1961 |
|
|
|
Residence: |
|
IV NOVEMBRE |
, 45/A |
- 20034 |
Giussano |
(MB) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Baylot |
Remi Pierre |
|
|
|
Born in Montlucon Allier |
( ) |
on 04/04/1954 |
- Fiscal Code : BYLRPR54D04Z110V |
|
|
|
Residence: |
|
Montee' Reine Victoria Tresse |
, 11 |
- 73100 |
Aix Les Bains |
- FR - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
|
Bernard |
Jean Marie |
|
|
|
Born in Tunisi |
( ) |
on 02/06/1949 |
- Fiscal Code : BRNJMR49H02Z352H |
|
Ex-Postions |
|
Board Chairman |
|
|
Bernard |
Jean Marie |
|
on 02/06/1949 |
|
Ex-Postions |
|
Board Chairman |
|
Director |
|
|
Arnaud |
Patrick Rene
Joseph |
|
|
|
Born in Jallieu |
( ) |
on 05/12/1954 |
|
Ex-Postions |
|
Director |
|
|
Payan |
Eric |
|
|
|
Born in Poulaines |
( ) |
on 01/03/1959 |
- Fiscal Code : PYNRCE59C01Z110X |
|
|
|
Residence: |
|
Parco |
, 47 |
- 20046 |
Biassono |
(MB) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Malgorini |
Alessandro Luigi
Antonio |
|
|
|
Born in Milano |
(MI) |
on 09/06/1970 |
- Fiscal Code : MLGLSN70H09F205C |
|
|
|
Residence: |
|
Pietro Marussig |
, 6 |
- 20154 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Director |
|
Manager |
|
Procurator |
|
|
Mariotti |
Gerard |
|
|
|
Born in Zagabria |
( ) |
on 16/08/1954 |
- Fiscal Code : MRTGRD54M16Z118G |
|
|
|
Residence: |
|
Garibaldi |
, 6/C |
- 20033 |
Desio |
(MB) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Cruciani |
Alessio |
|
|
|
Born in Caserta |
(CE) |
on 15/07/1974 |
- Fiscal Code : CRCLSS74L15B963M |
|
|
|
Residence: |
|
Delle Querce |
, 4 |
- 06022 |
Fossato di Vico |
(PG) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Janet |
Philippe |
|
|
|
Born in Beaune |
( ) |
on 09/08/1954 |
- Fiscal Code : JNTPLP54M09Z110J |
|
|
|
Residence: |
B.p. |
, 3 |
Le Cheylas |
- FR - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
|
Cruciani |
Alessio |
|
|
|
Born in Caserta |
(CE) |
on 18/07/1974 |
- Fiscal Code : CRCLSS74L18B963S |
|
Ex-Postions |
|
Director |
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of
merging by taking over of |
|
|
|
|
|
|
|
|
ZANELLA |
, 90 |
, 20033 |
, Desio |
(MB) |
- IT - |
|
|
|
Fiscal Code: 01193470133 |
|
|
|
Date |
Merging/splitting-up project: |
16/09/1999 |
|
|
The firm
absorbed by merging of |
|
|
|
|
|
|
|
|
ZANELLA |
, 0090 |
, 20033 |
, Desio |
(MB) |
- IT - |
|
|
|
Fiscal Code: 07680550154 |
|
|
|
Date |
: |
24/01/2000 |
|
|
Project of
merging by taking over of |
|
|
|
|
|
|
|
|
Berna ang. via Bruxelles |
, 10 |
, 24040 |
, Verdellino |
(BG) |
- IT - |
|
|
|
Fiscal Code: 00223380163 |
|
|
|
Date |
Merging/splitting-up project: |
25/06/2007 |
|
|
The firm
absorbed by merging of |
|
|
|
|
|
|
|
|
Berna ang. via Bruxelles |
, 10 |
, 24040 |
, Verdellino |
(BG) |
- IT - |
|
|
|
Fiscal Code: 00223380163 |
|
|
|
Date |
: |
15/11/2007 |
|
|
Project of
merging by taking over of |
|
|
|
|
|
|
|
|
Stendhal Enrico |
, 65 |
, 20144 |
, Milano |
(MI) |
- IT - |
|
|
|
Fiscal Code: 05733510969 |
|
|
|
Date |
Merging/splitting-up project: |
29/06/2009 |
|
|
The firm
absorbed by merging of |
|
|
|
|
|
|
|
|
LEONCAVALLO |
, 62 |
, 20033 |
, Desio |
(MB) |
- IT - |
|
|
|
Fiscal Code: 02405260965 |
|
|
|
Date |
: |
01/12/2009 |
|
|
Resolution of
merging of |
|
|
|
|
|
|
|
|
Stendhal Enrico |
, 65 |
, 20144 |
, Milano |
(MI) |
- IT - |
|
|
|
Fiscal Code: 05733510969 |
|
|
|
Date |
: |
24/07/2009 |
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
An eco-fin analysis has been made on the
base od the b/s fo the years 2009, 2010 and 2011.
Last two financial years were marked by
losses; in 2011 r.o.e. is -16,24%.
The operating result is negative.
The operating loss amounts to Eur. -520.866
.
A gross operating margine for a value of
Eur. 1.319.317 was reached. with a more then 100% growth.
The analysis shows a fair financial position
as the indebtedness volume is acceptable (2,61) but with an increase as against
the previous accounting period.
Subject can manage an equity capital funds
for an amount of Eur. 7.382.899 on stable levels.
Eur. 20.403.937 is the amount of total
debts, both commercial and of different nature, on the same levels as the year
before.
The financial exposure is moderate, on the
other hand the recourse to commercial credit is high, with a high average
payment period and higher than sector's average.
Neverthless available funds are good.
Accounts receivable average term is high
(113,38 days). but in line with the sector.
The financial management generated a cash
flow of Eur. 164.766.
During 2011 financial year labour costs
amounted to Eur. 3.747.523, with a 8,6% incidence on production costs. and a
8,65% incidence on sales volumes.
Limited financial charges in relation to
sales volume.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
43.344.624 |
|
Profit (Loss) for the period |
-1.198.838 |
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
42.241.801 |
|
Profit (Loss) for the period |
-1.332.469 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
28.638.845 |
|
Profit
(Loss) for the period |
-599.093 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
35.718.619 |
|
Profit (Loss) for the period |
533.993 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
38.484.767 |
|
Profit (Loss) for the period |
5.666.464 |
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 |
0,08 |
0,09 |
0,12 |
0,11 |
|
Elasticity Ratio |
Units |
0,92 |
0,91 |
0,88 |
0,87 |
|
Availability of stock |
Units |
0,11 |
0,14 |
0,17 |
0,22 |
|
Total Liquidity Ratio |
Units |
0,80 |
0,76 |
0,71 |
0,56 |
|
Quick Ratio |
Units |
0,04 |
0,02 |
0,00 |
0,02 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
2,61 |
2,29 |
0,87 |
3,81 |
|
Self Financing Ratio |
Units |
0,25 |
0,28 |
0,47 |
0,17 |
|
Capital protection Ratio |
Units |
1,02 |
1,03 |
0,96 |
0,65 |
|
Liabilities consolidation quotient |
Units |
0,05 |
0,06 |
0,16 |
0,12 |
|
Financing |
Units |
2,76 |
2,35 |
0,88 |
4,72 |
|
Permanent Indebtedness Ratio |
Units |
0,29 |
0,32 |
0,53 |
0,30 |
|
M/L term Debts Ratio |
Units |
0,04 |
0,04 |
0,06 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
0,26 |
1,23 |
0,08 |
1,28 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
3,54 |
3,46 |
4,45 |
2,06 |
|
Current ratio |
Units |
1,33 |
1,39 |
2,15 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,16 |
1,17 |
1,74 |
0,84 |
|
Structure's primary quotient |
Units |
3,08 |
3,01 |
3,91 |
1,28 |
|
Treasury's primary quotient |
Units |
0,06 |
0,03 |
0,01 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
400,69 |
359,25 |
214,44 |
591,61 |
|
Current Capital ( net ) |
Value |
6.729.506 |
7.794.645 |
10.007.902 |
219.071 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
0,38 |
-1,37 |
-0,36 |
2,22 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-16,24 |
-15,53 |
-6,04 |
6,27 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-15,13 |
-16,15 |
-7,07 |
15,95 |
|
Return on Investment ( R.O.I. ) |
% |
-1,76 |
-3,14 |
-3,67 |
4,19 |
|
Return/ Sales |
% |
-1,20 |
-2,29 |
-2,72 |
3,42 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
n.c. |
n.c. |
29,26 |
|
Cash Flow |
Value |
164.766 |
-577.572 |
-104.143 |
61.669 |
|
Operating Profit |
Value |
-520.866 |
-967.960 |
-780.234 |
95.558 |
|
Gross Operating Margin |
Value |
1.319.317 |
74.805 |
-284.377 |
144.934 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
113,38 |
137,83 |
143,74 |
120,94 |
|
Debts to suppliers average term |
Days |
154,59 |
73,20 |
101,22 |
120,04 |
|
Average stock waiting period |
Days |
28,23 |
37,41 |
44,89 |
61,92 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,47 |
1,37 |
1,35 |
1,27 |
|
Rate of stock return |
Units |
12,75 |
9,62 |
8,02 |
5,74 |
|
Labour cost incidence |
% |
8,65 |
10,49 |
12,71 |
7,77 |
|
Net financial revenues/ charges incidence |
% |
-0,75 |
0,08 |
0,30 |
-1,26 |
|
Labour cost on purchasing expenses |
% |
8,60 |
10,02 |
12,60 |
7,90 |
|
Short-term financing charges |
% |
2,95 |
0,66 |
0,39 |
2,67 |
|
Capital on hand |
% |
68,25 |
72,98 |
74,24 |
78,39 |
|
Sales pro employee |
Value |
677.259 |
918.300 |
650.882 |
437.713 |
|
Labour cost pro employee |
Value |
58.555 |
96.336 |
82.757 |
33.928 |
Market / Territory Data
|
Population living in the province |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
9.393.092Monthly family expenses average in the region
(in .) :
|
- per food products |
: |
|
|
- per non food products |
: |
|
|
- per energy consume |
: |
|
Sector Data
The values are calculated on a base of 6.137
significant companies.
The companies cash their credits on an
average of 121 dd.
The average duration of suppliers debts is
about 120 dd.
The sector's profitability is on an average
of 2,22%.
The labour cost affects the turnover in the
measure of 7,77%.
Goods are held in stock in a range of 62 dd.
The difference between the sales volume and
the resources used to realize it is about 1,27.
The employees costs represent the 7,90% of
the production costs.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.57.78 |
|
UK Pound |
1 |
Rs.89.71 |
|
Euro |
1 |
Rs.76.24 |
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.