MIRA
INFORM REPORT
|
Report Date : |
08.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
GESSI S.P.A.
|
|
|
|
|
Registered Office : |
Parco Gessi, s.n. Vintebbio, 13037 -
Serravalle Sesia (VC) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
05.12.2005 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturer of other taps and valves |
|
|
|
|
No. of Employees : |
251 to 500 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
Payment Behaviour : |
Regular |
|
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
Gessi S.p.A.
Parco Gessi, s.n.
Vintebbio
13037 - Serravalle Sesia (VC) -IT-
Summary
|
Fiscal Code |
: |
02235360027 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
01/01/2006 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
75.000.000/100.000.000 |
|
Number of Employees |
: |
from 251 to 500 |
Activity
Manufacture of other taps and valves
Legal Data
Legal Form : Joint stock company
|
Fiscal Code : 02235360027 |
|
Foreign Trade Reg. no. : VC013673 since
21/02/2006 |
|
Chamber of Commerce no. : 211504 of |
|
Chamber of Commerce no. : 184137 of since
13/12/2005 |
|
V.A.T. Code : 02235360027 |
|
Establishment date |
: 05/12/2005 |
|
|
Start of Activities |
: 01/01/2006 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 10.000.000 |
|
|
Subscribed Capital |
: 10.000.000 |
|
|
Paid up Capital |
: 10.000.000 |
|
Members
|
|
Gessi |
Gian Luca |
|
|
|
Born in Borgosesia |
(VC) |
on 18/05/1962 |
- Fiscal Code : GSSGLC62E18B041F |
|
|
|
Residence: |
|
Venenza |
, 4 |
- 13011 |
Borgosesia |
(VC) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
18/07/2012 |
|
|
|
Director |
18/07/2012 |
|
|
|
Managing Director |
18/07/2012 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Gualino |
Giovanni Eusebio |
|
|
|
Born in Varallo |
(VC) |
on 08/12/1960 |
- Fiscal Code : GLNGNN60T08L669E |
|
|
|
Residence: |
|
Gropallo |
, 2/A |
- 13868 |
Sostegno |
(BI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
18/07/2012 |
|
|
|
Managing Director |
18/07/2012 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Broglia Pilun |
Massimiliano |
|
|
|
Born in Borgosesia |
(VC) |
on 22/04/1978 |
- Fiscal Code : BRGMSM78D22B041J |
|
|
|
Residence: |
|
Fraz. Baltigati |
, 6 |
- 13834 |
Soprana |
(BI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Auditor |
18/07/2012 |
|
|
|
|
Giroldi |
Paolo |
|
|
|
Born in Borgosesia |
(VC) |
on 27/04/1960 |
- Fiscal Code : GRLPLA60D27B041Y |
|
|
|
Residence: |
|
Solferino |
, 10 |
- 13011 |
Borgosesia |
(VC) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
18/07/2012 |
|
|
|
Managing Director |
18/07/2012 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Mancin |
Flavio |
|
|
|
Born in Borgosesia |
(VC) |
on 10/02/1968 |
- Fiscal Code : MNCFLV68B10B041T |
|
|
|
Residence: |
|
Rio San Bernardo |
, 12 |
- 13037 |
Serravalle Sesia |
(VC) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
17/10/2007 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Vaudano |
Andrea |
|
|
|
Born in Trivero |
(VC) |
on 06/03/1970 |
- Fiscal Code : VDNNDR70C06L436P |
|
|
|
Residence: |
|
Dosso |
, 13 |
- 13835 |
Trivero |
(BI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
28/01/2008 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Borsa |
Marco |
|
|
|
Born in Borgosesia |
(VC) |
on 13/09/1966 |
- Fiscal Code : BRSMRC66P13B041L |
|
|
|
Residence: |
|
Tarquinio Grassi |
, 15/A |
- 13011 |
Borgosesia |
(VC) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
02/04/2009 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Invidia |
Laura |
|
|
|
Born in San Pietro Vernotico |
(BR) |
on 22/03/1971 |
- Fiscal Code : NVDLRA71C62I119B |
|
|
|
Residence: |
|
Lagone |
, 11 |
- 28021 |
Borgomanero |
(NO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
14/09/2010 |
|
|
|
|
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.
|
|
Gessi |
Gian Luca |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Newform - S.p.a. |
Serravalle Sesia (VC) - IT - |
01299930030 |
Managing
Director |
Withdrawn |
Registered |
|
Newform - S.p.a. |
Serravalle Sesia (VC) - IT - |
01299930030 |
Director |
Withdrawn |
Registered |
|
Gessi Holding S.p.a. |
Serravalle Sesia (VC) - IT - |
01664370028 |
Managing
Director |
Withdrawn |
Registered |
|
Gessi Holding S.p.a. |
Serravalle Sesia (VC) - IT - |
01664370028 |
Director |
Withdrawn |
Registered |
|
Gessi Holding S.p.a. |
Serravalle Sesia (VC) - IT - |
01664370028 |
Attorney with
special power |
Active |
Registered |
|
Consorzio Ruvaris |
Borgomanero (NO) - IT - |
01680970033 |
Director |
Withdrawn |
Registered |
|
Immobiliare Collina Societa' Semplice |
Biella (BI) - IT - |
90040260029 |
Partner |
Active |
Registered |
|
Antichi Borghi S.r.l. |
Serravalle Sesia (VC) - IT - |
01999410028 |
Managing
Director |
Active |
Registered |
|
Antichi Borghi S.r.l. |
Serravalle Sesia (VC) - IT - |
01999410028 |
Director |
Active |
Registered |
|
Le Cave - S.r.l. |
Serravalle Sesia (VC) - IT - |
02093640023 |
Managing
Director |
Withdrawn |
Registered |
|
Le Cave - S.r.l. |
Serravalle Sesia (VC) - IT - |
02093640023 |
Director |
Withdrawn |
Registered |
|
Le Cave - S.r.l. |
Serravalle Sesia (VC) - IT - |
02093640023 |
Board Chairman |
Withdrawn |
Registered |
|
Ceramiche Appia Nuova - S.p.a. |
Roma (RM) - IT - |
12040331006 |
Managing
Director |
Active |
Registered |
|
Ceramiche Appia Nuova - S.p.a. |
Roma (RM) - IT - |
12040331006 |
Director |
Active |
Registered |
|
Ceramiche Appia Nuova - S.p.a. |
Roma (RM) - IT - |
12040331006 |
Board Chairman |
Active |
Registered |
|
|
Gualino |
Giovanni Eusebio |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Idea Editrice - S.r.l. |
Borgosesia (VC) - IT - |
01564830022 |
Managing
Director |
Active |
Registered |
|
Idea Editrice - S.r.l. |
Borgosesia (VC) - IT - |
01564830022 |
Assistant board
Chairman |
Active |
Registered |
|
Gessi Holding S.p.a. |
Serravalle Sesia (VC) - IT - |
01664370028 |
Managing
Director |
Withdrawn |
Registered |
|
Gessi Holding S.p.a. |
Serravalle Sesia (VC) - IT - |
01664370028 |
Director |
Withdrawn |
Registered |
|
Editoriale La Nuova Provincia Di
BiellaS.r.l. |
Biella (BI) - IT - |
01777430024 |
Managing
Director |
Active |
Registered |
|
Editoriale La Nuova Provincia Di
BiellaS.r.l. |
Biella (BI) - IT - |
01777430024 |
Director |
Active |
Registered |
|
San Lorenzo S.r.l. |
Borgosesia (VC) - IT - |
01868410026 |
Sole Director |
Withdrawn |
Registered |
|
Exx Di Paola Sturion E C. - S.a.s. |
Milano (MI) - IT - |
12478940153 |
Sole Director |
Withdrawn |
Registered |
|
Exx Di Paola Sturion E C. - S.a.s. |
Milano (MI) - IT - |
12478940153 |
Limited Partner |
Withdrawn |
Registered |
|
Euro Form Consorzio Per Lo Sviluppo E
LaFormazione |
Borgosesia (VC) - IT - |
01938920020 |
Director |
Withdrawn |
Registered |
|
Gualino Giovanni Eusebio |
Sostegno (BI) - IT - |
GLNGNN60T08L669E |
Proprietor |
Withdrawn |
Ceased |
|
La Griffe Di Ortensio Pia E C. - S.a.s. |
Biella (BI) - IT - |
01722860028 |
General Partner |
Withdrawn |
Ceased |
|
Eventi S.r.l. |
Sostegno (BI) - IT - |
12706500159 |
Sole Director |
Withdrawn |
Registered |
|
PROGETTO '90 DI BARBALINI ENZA eamp; C. - S.A.S. |
Borgosesia (VC) - IT - |
01665330021 |
Limited Partner |
Withdrawn |
Registered |
|
Antichi Borghi S.r.l. |
Serravalle Sesia (VC) - IT - |
01999410028 |
Managing
Director |
Active |
Registered |
|
Antichi Borghi S.r.l. |
Serravalle Sesia (VC) - IT - |
01999410028 |
Board Chairman |
Active |
Registered |
|
Progetto '90 Di Barbalini Enza E C. -
S.a.s. |
Borgosesia (VC) - IT - |
01665330021 |
Limited Partner |
Withdrawn |
Ceased |
|
Eusebio Gualino S.a.s. Di Giovanni Eusebio
Gualino E C. |
Sostegno (BI) - IT - |
02325680029 |
Sole Director |
Withdrawn |
Registered |
|
Eusebio Gualino S.a.s. Di Giovanni Eusebio
Gualino E C. |
Sostegno (BI) - IT - |
02325680029 |
General Partner |
Active |
Registered |
|
Eusebio Gualino S.a.s. Di Giovanni Eusebio
Gualino E C. |
Sostegno (BI) - IT - |
02325680029 |
Partner (in
work) |
Active |
Registered |
|
Moviemotion - S.r.l. |
Serravalle Sesia (VC) - IT - |
02325690028 |
Sole Director |
Withdrawn |
Registered |
|
Moviemotion - S.r.l. |
Serravalle Sesia (VC) - IT - |
02325690028 |
Liquidator |
Active |
Registered |
|
Este Finance S.r.l. |
Milano (MI) - IT - |
05955390967 |
Sole Director |
Withdrawn |
Registered |
|
Ceramiche Appia Nuova - S.p.a. |
Roma (RM) - IT - |
12040331006 |
Director |
Active |
Registered |
|
Akash - S.r.l. |
Sostegno (BI) - IT - |
02491370025 |
Sole Director |
Active |
Registered |
|
|
Giroldi |
Paolo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
D.e.a. S.r.l. |
Borgosesia (VC) - IT - |
01910790029 |
Sole Director |
Active |
Registered |
|
D.e.a. S.r.l. |
Borgosesia (VC) - IT - |
01910790029 |
General Partner |
Withdrawn |
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 |
|
Gessi Holding S.p.a. |
Serravalle Sesia - IT - |
01664370028 |
10.000.000 .Eur |
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 |
|
Ceramiche Appia Nuova - S.p.a. |
Roma - IT - |
12040331006 |
5.000 .Eur |
0,05 |
|
|
Active |
|
Ecolight |
Milano - IT - |
04357740960 |
|
|
|
|
Active |
Firm's location and structure
In order to carry out its activities the
firm uses the following locations:
|
- |
Legal and
operative seat |
|
|
|
|
|
|
|
Gessi Fraz. Vintebbio |
, s.n. |
- 13037 |
- Serravalle Sesia |
(VC) |
- IT - |
|
|
|
|
PHONE |
: 0163454111 |
|
- |
Branch |
(Warehouse) |
since 01/01/2006 |
|
|
|
|
|
|
Gessi Fraz. Vintebbio |
, s.n. |
- 13037 |
- Serravalle Sesia |
(VC) |
- IT - |
|
- |
Branch |
(office) |
since 01/01/2006 |
|
|
|
|
|
|
Marconi |
, 27/A |
- 13037 |
- Serravalle Sesia |
(VC) |
- IT - |
|
|
|
|
Employees |
: 366 |
|
Fittings and Equipment for a value of
7.150.000 |
Eur |
|
Stocks for a value of 26.510.000 |
Eur |
Trade organization: direct or by agents.
Sales area on a national scale.
The company supplies wholesalers and
retailers.
|
|
The firm operates abroad as importer /
exporter..
Company generally accepts payments with
terms of 60/90 days.
Main sales modalities: issue cheques and
bank transfers.
Company's purchase terms are within 90 and
120 days.
Main used payment modalities are by cash
orders and bank transfers.
Traded Brands / Suppliers
|
- FISCHER |
|
- GEDA SRL |
Historical Information and/or Firm's Status
EX-MEMBERS /
EX-POSITIONS:
|
|
Cravero |
Roberto |
|
|
|
Born in Occhieppo Inferiore |
(VC) |
on 08/07/1959 |
- Fiscal Code : CRVRRT59L08F992F |
|
|
|
Residence: |
|
Delle Nazioni Unite |
, 4 |
- 43044 |
Collecchio |
(PR) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Gessi |
Umberto |
|
|
|
Born in Portomaggiore |
(FE) |
on 28/02/1935 |
- Fiscal Code : GSSMRT35B28G916E |
|
|
|
Residence: |
|
Guardella |
- 13011 |
Borgosesia |
(VC) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
|
Cravero |
Roberto |
|
|
|
Born in Occhieppo Inferiore |
(VC) |
on 08/07/1959 |
- Fiscal Code : CRVRRT59L08F992F |
|
|
|
Residence: |
|
Sabadell |
, 6 |
- 13900 |
Biella |
(BI) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of
merging by taking over of |
|
|
|
|
|
|
|
, Biella |
- IT - |
|
|
|
Fiscal Code: 02440900021 |
|
|
|
Date |
Merging/splitting-up project: |
18/10/2010 |
|
|
The firm
absorbed by merging of |
|
|
|
|
|
|
|
, Biella |
- IT - |
|
|
|
Fiscal Code: 02440900021 |
|
|
|
Date |
: |
28/12/2010 |
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 |
|
INTESA SANPAOLO SPA |
BORGOSESIA |
VIALE CARLO FASSO, 2 |
13011 |
Borgosesia (VC) |
3069 |
44312 |
Financial and Economical
Analysis
Company's starting of activities dates back
to 2006.
Balance sheets for the years 2009, 2010 and
2011 were analyzed.
During the last years, it recorded positive
net results (r.o.e. 18,56% in 2011) but without a significant increase in the
turnover.
The return on Investment in the last
financial year was positive (13,4%) falling within the field's average.
The operating result is positive and amounts
to Eur. 11.896.479 on stable levels if compared to the previous year.
During the latest financial year the gross
operating margin amounted to Eur. 15.736.367 stable if compared to the
financial year 2010.
The company has an excellent net worth if
compared to its debts, with a low indebtedness (0,67) lower than in 2010.
It's shareholders funds amount to Eur.
40.608.641 , stable in comparison with the value of the previous year.
Total indebtedness was equal to Eur.
45.548.451 (Eur. 11.896.326 was the value of m/l term debts) showing a stable
trend as opposed to 2010 (Eur. 43.677.237).
Moderate recourse to bank credit while the
exposure towards suppliers is rather high even if it is lower than the sector's
average.
Liquidity is good (1,53)
As to due from customers, the average terms
are 72,14 days. , shorter than the sector's average.
Eur. 11.377.854 is the value of cash flow
during the year 2011
During 2011 financial year labour costs
amounted to Eur. 16.583.524, with a 20,34% incidence on production costs. ,
whereas the incidence on sales revenues is of 18,98%.
If compared to the sales volume (-0,38%),
the impact of the financial charges is limited.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
87.388.757 |
|
Profit (Loss) for the period |
7.537.966 |
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
88.261.254 |
|
Profit (Loss) for the period |
9.326.541 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
76.896.546 |
|
Profit (Loss) for the period |
7.743.439 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
89.075.969 |
|
Profit (Loss) for the period |
3.667.036 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
76.409.273 |
|
Profit (Loss) for the period |
4.657.442 |
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 |
0,41 |
0,50 |
0,49 |
0,26 |
|
Elasticity Ratio |
Units |
0,58 |
0,49 |
0,50 |
0,73 |
|
Availability of stock |
Units |
0,30 |
0,26 |
0,23 |
0,23 |
|
Total Liquidity Ratio |
Units |
0,28 |
0,23 |
0,27 |
0,44 |
|
Quick Ratio |
Units |
0,07 |
0,00 |
0,03 |
0,02 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
0,67 |
0,89 |
0,58 |
1,74 |
|
Self Financing Ratio |
Units |
0,46 |
0,48 |
0,56 |
0,29 |
|
Capital protection Ratio |
Units |
0,57 |
0,54 |
0,56 |
0,64 |
|
Liabilities consolidation quotient |
Units |
0,38 |
0,19 |
0,21 |
0,22 |
|
Financing |
Units |
1,12 |
1,04 |
0,74 |
2,30 |
|
Permanent Indebtedness Ratio |
Units |
0,60 |
0,56 |
0,63 |
0,46 |
|
M/L term Debts Ratio |
Units |
0,15 |
0,08 |
0,07 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
0,51 |
0,43 |
0,22 |
0,49 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,47 |
1,11 |
1,30 |
1,63 |
|
Current ratio |
Units |
1,53 |
1,14 |
1,42 |
1,32 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,74 |
0,53 |
0,78 |
0,86 |
|
Structure's primary quotient |
Units |
1,12 |
0,94 |
1,14 |
1,05 |
|
Treasury's primary quotient |
Units |
0,20 |
0,01 |
0,08 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
218,67 |
210,28 |
179,18 |
349,01 |
|
Current Capital ( net ) |
Value |
17.713.341 |
5.369.895 |
10.615.561 |
753.266 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
13,02 |
15,29 |
17,31 |
5,13 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
18,56 |
22,27 |
19,41 |
7,27 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
28,49 |
30,45 |
23,74 |
15,95 |
|
Return on Investment ( R.O.I. ) |
% |
13,40 |
14,70 |
13,82 |
5,36 |
|
Return/ Sales |
% |
13,61 |
14,66 |
12,85 |
5,57 |
|
Extra Management revenues/charges incid. |
% |
63,36 |
72,07 |
78,36 |
42,11 |
|
Cash Flow |
Value |
11.377.854 |
13.491.361 |
13.306.977 |
344.143 |
|
Operating Profit |
Value |
11.896.479 |
12.940.992 |
9.882.268 |
359.008 |
|
Gross Operating Margin |
Value |
15.736.367 |
17.105.812 |
15.448.315 |
705.726 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
72,14 |
78,53 |
81,72 |
101,37 |
|
Debts to suppliers average term |
Days |
91,21 |
129,30 |
123,55 |
115,52 |
|
Average stock waiting period |
Days |
109,21 |
93,35 |
76,26 |
80,62 |
|
Rate of capital employed return ( Turnover
) |
Units |
0,98 |
1,00 |
1,08 |
1,07 |
|
Rate of stock return |
Units |
3,30 |
3,86 |
4,72 |
4,40 |
|
Labour cost incidence |
% |
18,98 |
17,68 |
18,81 |
16,91 |
|
Net financial revenues/ charges incidence |
% |
-0,38 |
-0,22 |
-0,54 |
-1,19 |
|
Labour cost on purchasing expenses |
% |
20,34 |
19,92 |
21,37 |
17,25 |
|
Short-term financing charges |
% |
1,14 |
0,45 |
1,43 |
2,71 |
|
Capital on hand |
% |
101,61 |
99,75 |
92,96 |
93,00 |
|
Sales pro employee |
Value |
239.421 |
258.073 |
222.244 |
223.920 |
|
Labour cost pro employee |
Value |
45.434 |
45.636 |
41.804 |
35.625 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.74 |
|
UK Pound |
1 |
Rs.82.14 |
|
Euro |
1 |
Rs.71.27 |
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.