MIRA
INFORM REPORT
|
Report Date : |
06.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
CFS EUROPE S.P.A |
|
|
|
|
Registered Office : |
Viale Della Lirica, 35, 48100 -
Ravenna(RA) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
18.04.1995 |
|
|
|
|
Legal Form : |
Joint stock company with sole shareholder |
|
|
|
|
Line of Business : |
Manufacturer of various chemical products for industrial usage (including antidetonating and anti-freeze preparations) |
|
|
|
|
No. of Employees : |
36 to 50 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
Cfs Europe S.p.A
Viale Della Lirica, 35
48100 - Ravenna (RA) -IT-
Summary
|
Fiscal Code |
: |
03902320823 |
|
Legal Form |
: |
Joint stock company with sole shareholder |
|
start of Activities |
: |
18/04/1995 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
20.000.000/25.000.000 |
|
Number of Employees |
: |
from 36 to 50 |
|
|
|
Financial situation is not at its best,
but credit is possible with |
Highlights
|
Since the end of 2011 the company under
reviews (ex Borregaard Italia SpA) |
|
belongs to the group headed by Camlin Fine
Chemicals Ltd. |
|
Camlin Fine Chemicals Limited is engaged
in the manufacture and export |
|
of fine chemicals and food grade products.
|
|
The acquisition was a part of Camlin Fine
Chemicals backward integration strategy |
|
Camlin Fine Chemicals is listed at Mumbai Stock
Exchange. |
|
Before the acquisition the company was
living a very difficult moment and rumours |
|
told about a possible liquidation and
closure of the plant in Ravenna. |
|
The results as at 31.03.2012 are
encouraging. |
|
Business transactions on credit basis are
feasible. |
Activity
Manufacture of various chemical products for
industrial usage (inclu
ding antidetonating and anti-freeze
preparations)
Legal Data
Legal Form : Joint stock company with sole
shareholder
|
Fiscal Code : 03902320823 |
|
Foreign Trade Reg. no. : MI227773 since
15/06/1995 |
|
Chamber of Commerce no. : 285551 of |
|
Chamber of Commerce no. : 1453240 of since
12/10/1994 |
|
Chamber of Commerce no. : 134927 of since
21/03/2011 |
|
Firms' Register : MI146-347657 of since
19/02/1996 |
|
V.A.T. Code : 11310150153 |
|
Foundation date |
: 23/11/1990 |
|
|
Establishment date |
: 23/11/1990 |
|
|
Start of Activities |
: 18/04/1995 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 2.000.000 |
|
|
Subscribed Capital |
: 2.000.000 |
|
|
Paid up Capital |
: 2.000.000 |
|
Members
|
|
Menezes |
Antonio Jose' |
|
|
|
Born in Goa |
( ) |
on 21/03/1948 |
- Fiscal Code : MNZNNJ48C21Z222B |
|
|
|
Residence: |
|
Martiri Della Liberta' |
, 49 |
- 20090 |
Segrate |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/10/1994 |
|
|
|
Director |
08/03/2011 |
|
|
|
Managing Director |
08/03/2011 |
|
|
|
|
No Prejudicial events
are reported |
|
|
No Protests
registered |
|
|
Correale |
Mariano |
|
|
|
Born in Sarno |
(SA) |
on 25/08/1947 |
- Fiscal Code : CRRMRN47M25I438V |
|
|
|
Residence: |
|
B. Belotti |
, 42 |
- 24040 |
Bonate Sotto |
(BG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
08/03/2011 |
|
|
|
Managing Director |
08/03/2011 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Paglietti |
Nicola |
|
|
|
Born in Roma |
(RM) |
on 11/03/1965 |
- Fiscal Code : PGLNCL65C11H501K |
|
|
|
Residence: |
|
Italo Panattoni |
, 93 |
- 00189 |
Roma |
(RM) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
08/03/2011 |
|
|
|
|
No Protests
registered |
|
|
Scudellari |
Maria |
|
|
|
Born in Ravenna |
(RA) |
on 16/12/1982 |
- Fiscal Code : SCDMRA82T56H199D |
|
|
|
Residence: |
|
Camillo Cavour |
, 3 |
- 48121 |
Ravenna |
(RA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
26/10/2011 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Passeri |
Sauro |
|
|
|
Born in Urbino |
(PS) |
on 06/10/1981 |
- Fiscal Code : PSSSRA81R06L500X |
|
|
|
Residence: |
|
Rossini |
, 14 |
- 61048 |
Sant'Angelo in Vado |
(PS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
26/10/2011 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Ashish |
Dandekar |
|
|
|
Born |
on 02/06/1963 |
|
|
|
Residence: |
|
Della Lirica |
, 35 |
- 48124 |
Ravenna |
(RA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
08/03/2011 |
|
|
|
Director |
08/03/2011 |
|
|
|
|
No Protests
registered |
|
|
Momaya |
Nirmal |
|
|
|
Born |
on 28/07/1966 |
|
|
|
Residence: |
|
Della Lirica |
, 35 |
- 48124 |
Ravenna |
(RA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
08/03/2011 |
|
|
|
Assistant board Chairman |
08/03/2011 |
|
|
|
|
No Protests
registered |
|
|
Puranik |
Dattatraya |
|
|
|
Born in Mumbai |
( ) |
on 30/10/1952 |
|
|
|
Residence: |
Chittaranjan Road |
, FLAT N.6 |
Vile Parle - Est Mumbai |
- IN - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
08/03/2011 |
|
|
|
|
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 |
|
Cfl Mauritius Pvt Ltd |
|
|
|
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 |
|
EUROVANILLIN ITALIA S.R.L. |
Milano - IT - |
10211980155 |
|
|
|
|
Active |
|
Ravenna Servizi Industriali Societa' Con
sortile Per Azioni O, In Forma Abbreviat |
Ravenna - IT - |
02168860399 |
117.600 .Eur |
1,96 |
|
|
Active |
Firm's location and structure
In order to carry out its activities the
firm uses the following locations:
|
- |
Legal and
operative seat |
|
since 06/11/1995 |
|
|
|
|
|
|
Della Lirica |
, 35 |
- 48100 |
- Ravenna |
(RA) |
- IT - |
|
|
|
|
PHONE |
: 0544261503 |
|
|
|
|
Email |
: CAMLIN@LEGALMAIL.IT |
|
- |
Registered
office |
since 06/11/1995 |
until 06/12/2011 |
|
|
|
|
|
|
Giosue' Carducci |
, 15 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
|
|
|
PHONE |
: 0286451933 |
|
|
|
|
PHONE |
: 0354998111 |
|
|
|
|
FAX |
: 035994969 |
|
- |
Branch |
|
since 16/06/1995 |
|
|
|
|
|
|
Baiona |
, 107/111 |
- 48100 |
- Ravenna |
(RA) |
- IT - |
|
|
|
|
Employees |
: 40 |
|
Fittings and Equipment for a value of
4.020.000 |
Eur |
|
Stocks for a value of 4.180.000 |
Eur |
|
|
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 |
06/11/1995 |
COMPANY STYLE
MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Borregaard Italia SpA |
Cfs Europe SpA |
06/12/2011 |
EX-MEMBERS /
EX-POSITIONS:
|
|
Campanale |
Michele |
|
|
|
Born in Ruvo di Puglia |
(BA) |
on 11/10/1950 |
- Fiscal Code : CMPMHL50R11H645R |
|
|
|
Residence: |
|
G. Verga |
, 135/O |
- 20092 |
Cinisello Balsamo |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Pretti |
Giorgio |
|
|
|
Born in Milano |
(MI) |
on 11/05/1954 |
- Fiscal Code : PRTGRG54E11F205A |
|
|
|
Residence: |
|
Solari |
, 9 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Zambelli |
Paolo |
|
|
|
Born in Varese |
(VA) |
on 04/07/1952 |
- Fiscal Code : ZMBPLA52L04L682R |
|
|
|
Residence: |
|
Carducci |
, 15 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
Vichi |
Diego |
|
|
|
Born in Sondrio |
(SO) |
on 26/04/1941 |
- Fiscal Code : VCHDGI41D26I829J |
|
|
|
Residence: |
|
Piave |
, 9 |
- 20129 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Filomeni |
Paolo |
|
|
|
Born in Anghiari |
(AR) |
on 07/10/1944 |
- Fiscal Code : FLMPLA44R07A291J |
|
|
|
Residence: |
|
Pavia |
, 9 |
- 20053 |
Muggio' |
(MB) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
Attorney with special power |
|
|
Menezes |
Antonio Jose' |
|
|
|
Born in Goa |
( ) |
on 21/03/1948 |
- Fiscal Code : MNZNNJ48C21Z222B |
|
|
|
Residence: |
|
Martiri Della Liberta' |
, 49 |
- 20090 |
Segrate |
(MI) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
|
Calderoni |
Carlo |
|
|
|
Born in Forli' |
(FO) |
on 19/08/1954 |
- Fiscal Code : CLDCRL54M19D704A |
|
|
|
Residence: |
|
G. Guidiccioni |
, 15 |
- 47100 |
Forli' |
(FO) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Correale |
Mariano |
|
|
|
Born in Sarno |
(SA) |
on 25/08/1947 |
- Fiscal Code : CRRMRN47M25I438V |
|
|
|
Residence: |
|
B. Belotti |
, 42 |
- 24040 |
Bonate Sotto |
(BG) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Brembilla |
Maria Rosa |
|
|
|
Born in Bergamo |
(BG) |
on 13/05/1951 |
- Fiscal Code : BRMMRS51E53A794N |
|
|
|
Residence: |
|
Dante |
, 20 |
- 24040 |
Bonate Sotto |
(BG) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Locatelli |
Elianora |
|
|
|
Born in Terno d'Isola |
(BG) |
on 30/06/1954 |
- Fiscal Code : LCTLNR54H70L118L |
|
|
|
Residence: |
|
Castegnate |
, 5 |
- 24030 |
Terno d'Isola |
(BG) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Grys |
Thomas |
|
|
|
Born in Roskilde |
( ) |
on 21/08/1970 |
- Fiscal Code : GRYTMS70M21Z107I |
|
|
|
Residence: |
Hjalmer Wessels Vei |
, 10 |
Sarpsborg |
- NO - |
|
Ex-Postions |
|
Director |
|
|
Amundsen |
Bjorn Erik |
|
|
|
Born in Bergen |
( ) |
on 27/07/1964 |
- Fiscal Code : MNDBRN64L27Z125M |
|
|
|
Residence: |
|
Carso |
, 73 |
- 24040 |
Madone |
(BG) |
- IT - |
|
Ex-Postions |
|
Director |
|
Board Chairman |
|
|
Wikeby |
Jarle |
|
|
|
Born in Rodenes |
( ) |
on 12/03/1958 |
- Fiscal Code : WKBJRL58C12Z125C |
|
|
|
Residence: |
Carso |
, 73 |
- 24040 |
Madone |
(BG) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Meregalli |
Daniela |
|
|
|
Born in Milano |
(MI) |
on 13/06/1957 |
- Fiscal Code : MRGDNL57H53F205A |
|
|
|
Residence: |
|
Carducci Giosue' |
, 15 |
- 20123 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Ashish |
Dandekar |
|
on 02/06/1963 |
|
Ex-Postions |
|
Board Chairman |
|
Director |
|
|
Momaya |
Nirmal |
|
on 28/07/1966 |
|
Ex-Postions |
|
Director |
|
Assistant board Chairman |
|
|
Puranik |
Dattatraya |
|
|
|
Born in Mumbai |
( ) |
on 30/10/1952 |
|
Ex-Postions |
|
Director |
CEASINGS/INCORPORATIONS/MERGES:
|
|
The firm
absorbed by merging of |
|
|
|
|
|
|
|
|
MEDICI DEL VASCELLO |
, 40 |
, 20100 |
, Milano |
(MI) |
- IT - |
|
|
|
Fiscal Code: 10211980155 |
|
|
|
Date |
: |
12/10/1995 |
Protests
Protests checking on the subject firm has
given a negative result.
Data Base Prejudicial Events Search
Search performed on a National Scale
|
|
|
Prejudicial
Events Search Result: NEGATIVE |
Search performed on a specialized data base.
Legal
Procedures
None reported, standing to the latest
received edition of the Official Publications.
Bankers
The firm operates with:
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
BANCA INTESA - RETE CARIPLO |
|
|
|
|
6070 |
0 |
Financial and Economical Analysis
Company's starting of activities dates back
to 1995.
The eonomic-financial analysis is based on
the latest 3 b/s.
In the economic management , good and bad
results followed on by turns. yet with a positive result in the 2012 (r.o.e.
2,83%). The turnover is growing in the last financial year (more then 100%).
The operating result in 2012 was positive
(1,58%) and reflects the field's average.
An operating result of Eur. 251.622 has been
registered. with a more then 100% growth.
During the latest financial year the gross operating
margin amounted to Eur. 1.319.486 with a more then 100% increase as opposed to
the preceding year.
The ratio between shareholder's equity and
borrowed capital is not well balanced, the indebtedness level is equal to 4,14
with an upward trend.
With regard to equity capital, an amount of
Eur. 2.936.926 is registered. , unchanged if compared to 2011.
The financial management has recorded total
debts amounting to Eur. 12.527.288, , rising as opposed to the previous year
(+more then 100%).
The recourse to bank credit is slightly high
and also borrowings from suppliers appear to be high, with an average payment
period equal to 111,5 gg. but lined up with the field's average.
It shows a not very good liquidity level.
Accounts receivable average term is high
(96,98 days). within the average values of the sector.
As far as the cash flow is concerned during
the latest financial year it amounted to Eur. 1.150.920
Labour cost amounts to Eur. 2.248.619, with
a 8,26% incidence on production costs. , whereas 10,01% is the incidence on
sales revenues.
Limited financial charges in relation to
sales volume.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/03/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
22.458.951 |
|
Profit (Loss) for the period |
83.056 |
|
|
|
Partial result |
31/03/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
335.369 |
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 31/03/2012 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet
as at 31/03/2011 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet as
at 31/12/2010 - 12 Mesi - Currency: - Amounts x 1 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
RATIOS |
Value
Type |
as at 31/03/2012 |
as at 31/03/2011 |
as at 31/12/2010 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,31 |
0,56 |
0,34 |
0,33 |
|
Elasticity Ratio |
Units |
0,69 |
0,44 |
0,65 |
0,65 |
|
Availability of stock |
Units |
0,26 |
0,07 |
0,06 |
0,15 |
|
Total Liquidity Ratio |
Units |
0,43 |
0,36 |
0,59 |
0,47 |
|
Quick Ratio |
Units |
0,02 |
0,14 |
0,13 |
0,01 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
4,14 |
1,48 |
0,99 |
1,60 |
|
Self Financing Ratio |
Units |
0,18 |
0,33 |
0,41 |
0,28 |
|
Capital protection Ratio |
Units |
0,29 |
0,51 |
0,43 |
0,69 |
|
Liabilities consolidation quotient |
Units |
0,04 |
0,08 |
0,10 |
0,21 |
|
Financing |
Units |
4,27 |
1,91 |
1,32 |
2,10 |
|
Permanent Indebtedness Ratio |
Units |
0,21 |
0,38 |
0,46 |
0,47 |
|
M/L term Debts Ratio |
Units |
0,03 |
0,05 |
0,05 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
1,36 |
0,20 |
0,00 |
0,66 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
0,70 |
0,67 |
1,34 |
1,28 |
|
Current ratio |
Units |
0,88 |
0,70 |
1,21 |
1,17 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,55 |
0,58 |
1,10 |
0,90 |
|
Structure's primary quotient |
Units |
0,60 |
0,58 |
1,19 |
0,90 |
|
Treasury's primary quotient |
Units |
0,03 |
0,22 |
0,25 |
0,02 |
|
Rate of indebtedness ( Leverage ) |
% |
542,98 |
306,37 |
244,54 |
353,06 |
|
Current Capital ( net ) |
Value |
-1.520.758 |
-1.642.776 |
1.112.322 |
592.597 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
5,12 |
-172,49 |
5,23 |
3,97 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
2,83 |
-21,22 |
8,02 |
2,57 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
6,14 |
-21,22 |
8,02 |
9,20 |
|
Return on Investment ( R.O.I. ) |
% |
1,58 |
-7,13 |
-62,97 |
3,84 |
|
Return/ Sales |
% |
1,12 |
-185,94 |
-28,02 |
4,05 |
|
Extra Management revenues/charges incid. |
% |
33,01 |
n.c. |
n.c. |
25,15 |
|
Cash Flow |
Value |
1.150.920 |
-578.478 |
1.164.611 |
316.000 |
|
Operating Profit |
Value |
251.622 |
-623.584 |
-6.235.548 |
279.308 |
|
Gross Operating Margin |
Value |
1.319.486 |
-596.365 |
-5.395.724 |
532.534 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
96,98 |
1558,85 |
71,21 |
104,54 |
|
Debts to suppliers average term |
Days |
111,50 |
1102,22 |
65,23 |
96,16 |
|
Average stock waiting period |
Days |
66,96 |
683,39 |
9,40 |
50,38 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,41 |
0,04 |
2,25 |
1,16 |
|
Rate of stock return |
Units |
5,38 |
0,53 |
38,30 |
7,14 |
|
Labour cost incidence |
% |
10,01 |
199,65 |
12,59 |
13,54 |
|
Net financial revenues/ charges incidence |
% |
-0,32 |
5,33 |
0,24 |
-1,46 |
|
Labour cost on purchasing expenses |
% |
8,26 |
39,27 |
10,70 |
13,80 |
|
Short-term financing charges |
% |
0,60 |
n.c. |
n.c. |
3,24 |
|
Capital on hand |
% |
71,00 |
2607,12 |
44,50 |
86,41 |
|
Sales pro employee |
Value |
561.473 |
11.977 |
855.865 |
352.121 |
|
Labour cost pro employee |
Value |
56.215 |
23.912 |
107.750 |
44.319 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.65 |
|
UK Pound |
1 |
Rs.82.66 |
|
Euro |
1 |
Rs.71.21 |
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.