MIRA INFORM REPORT
|
Report Date : |
18.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
ABK GROUP INDUSTRIE CERAMICHE
S.P.A. |
|
|
|
|
Registered Office : |
Via san Lorenzo, 24/A 41034 – Finale Emilia (MO) – IT - |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
19.03.1992 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
Manufacture of clay building
materials |
|
|
|
|
No. of Employees : |
176 to 200 |
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 and address
|
Abk
Group Industrie Ceramiche S.p.a. |
|
Via |
San Lorenzo, |
24/A |
|
41034 |
- Finale Emilia |
(MO) |
-IT- |
Summary
|
Fiscal Code |
: |
02097380360 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
14/04/1992 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
75.000.000/100.000.000 |
|
Number of Employees |
: |
from 176 to 200 |
Activity
Manufacture of clay building
materials
Manufacture of ceramic tiles for
flooring and coverings
Legal Data
Legal Form : Joint stock company
|
Fiscal Code : 02097380360 |
|
Foreign Trade Reg. no. :
MO026474 since 30/09/1996 |
|
Foreign Trade Reg. no. :
026474 of since 30/09/1996 |
|
Chamber of Commerce no. :
265395 of since 30/04/1992 |
|
Chamber of Commerce no. :
283825 of |
|
Chamber of Commerce no. :
206713 of |
|
Firms' Register : MO023-36417
of since 19/02/1996 |
|
V.A.T. Code : 02097380360 |
|
Tribunal Co. Register : 36417
of since 22/04/1992 |
|
Foundation date |
: 19/03/1992 |
|
|
Establishment date |
: 19/03/1992 |
|
|
Start of Activities |
: 14/04/1992 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 4.000.000 |
|
|
Subscribed Capital |
: 4.000.000 |
|
|
Paid up Capital |
: 4.000.000 |
|
Members
|
|
Guidorzi |
Andrea |
|
|
|
Born in Bondeno |
(FE) |
on 17/05/1960 |
- Fiscal Code :
GDRNDR60E17A965P |
|
|
|
Residence: |
|
Carducci |
, 19 |
- 44012 |
Bondeno |
(FE) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
18/06/2010 |
|
|
|
|
No Protests
registered |
|
|
Fortuna |
Michelangelo |
|
|
|
Born in Cherasco |
(CN) |
on 12/10/1946 |
- Fiscal Code :
FRTMHL46R12C599C |
|
|
|
Residence: |
|
Lenin |
, 23 |
- 42020 |
Quattro Castella |
(RE) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
18/06/2010 |
|
|
|
Assistant board Chairman |
18/06/2010 |
|
|
|
Managing Director |
18/06/2010 |
|
|
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Fabbri |
Roberto |
|
|
|
Born in Finale Emilia |
(MO) |
on 31/08/1947 |
- Fiscal Code :
FBBRRT47M31D599L |
|
|
|
Residence: |
|
Repubblica Dell'ossola |
, 13 |
- 41034 |
Finale Emilia |
(MO) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
18/06/2010 |
|
|
|
Board Chairman |
18/06/2010 |
|
|
|
Managing Director |
18/06/2010 |
|
|
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Fabbri |
Alessandro |
|
|
|
Born in Cento |
(FE) |
on 25/11/1973 |
- Fiscal Code : FBBLSN73S25C469F |
|
|
|
Residence: |
|
Repubblica Dell'ossola |
, 13 |
- 41034 |
Finale Emilia |
(MO) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
18/06/2010 |
|
|
|
|
No
Protests registered |
|
|
Fortuna |
Andrea |
|
|
|
Born in Reggio Emilia |
(RE) |
on 07/09/1974 |
- Fiscal Code :
FRTNDR74P07H223N |
|
|
|
Residence: |
|
Secchi |
, 26 |
- 42100 |
Reggio Emilia |
(RE) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
18/06/2010 |
|
|
|
|
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.
|
|
Fortuna |
Michelangelo |
|
Firm's Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Ceramica Campeginese S.r.l. |
Milano (MI) - IT - |
11363340156 |
Director |
Withdrawn |
Merged |
|
Ceramica Campeginese S.r.l. |
Milano (MI) - IT - |
11363340156 |
Board
Chairman |
Withdrawn |
Merged |
|
Ariana Industrie Ceramiche
S.p.a. SocietA' Con Unico Socio |
Castellarano (RE) - IT - |
01808230351 |
Director |
Withdrawn |
Registered |
|
Ariana Industrie Ceramiche
S.p.a. SocietA' Con Unico Socio |
Castellarano (RE) - IT - |
01808230351 |
Managing
Director |
Withdrawn |
Registered |
|
Ariana Industrie Ceramiche
S.p.a. SocietA' Con Unico Socio |
Castellarano (RE) - IT - |
01808230351 |
Board
Chairman |
Withdrawn |
Registered |
|
F.f.g. - Srl |
Modena (MO) - IT - |
02568650366 |
Director |
Active |
Registered |
|
F.f.g. - Srl |
Modena (MO) - IT - |
02568650366 |
Assistant
board Chairman |
Active |
Registered |
|
Abk Sir Production - S.p.a. |
Castelvetro di Modena (MO) -
IT - |
03108370366 |
Director |
Active |
Registered |
|
Abk Sir Production - S.p.a. |
Castelvetro di Modena (MO) -
IT - |
03108370366 |
Managing
Director |
Active |
Registered |
|
Abk Sir Production - S.p.a. |
Castelvetro di Modena (MO) -
IT - |
03108370366 |
Board
Chairman |
Active |
Registered |
|
Fef S.r.l. |
Finale Emilia (MO) - IT - |
03290130362 |
Director |
Active |
Registered |
|
|
Fabbri |
Roberto |
|
Firm's Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Ediltecnica S.r.l. |
Udine (UD) - IT - |
01706410303 |
Assistant
board Chairman |
Withdrawn |
Ceased |
|
Cofim Confidi Modena Societa'
Cooperativa |
Modena (MO) - IT - |
00883060360 |
Director |
Withdrawn |
Registered |
|
Cassa Di Risparmio Di
Mirandola S.p.a. |
Mirandola (MO) - IT - |
02073290369 |
Director |
Withdrawn |
Merged |
|
Cassa Di Risparmio Di
Mirandola S.p.a. |
Mirandola (MO) - IT - |
02073290369 |
Memb.of
the Executive Committee |
Withdrawn |
Merged |
|
Ceramica Campeginese S.r.l. |
Milano (MI) - IT - |
11363340156 |
Director |
Withdrawn |
Merged |
|
Ceramica Campeginese S.r.l. |
Milano (MI) - IT - |
11363340156 |
Board
Chairman |
Withdrawn |
Merged |
|
Tebe Tours S.p.a. |
Mirandola (MO) - IT - |
02100220363 |
Director |
Withdrawn |
Registered |
|
Tebe Tours S.p.a. |
Mirandola (MO) - IT - |
02100220363 |
Board
Chairman |
Withdrawn |
Registered |
|
Ariana Industrie Ceramiche
S.p.a. SocietA' Con Unico Socio |
Castellarano (RE) - IT - |
01808230351 |
Director |
Withdrawn |
Registered |
|
Ariana Industrie Ceramiche
S.p.a. SocietA' Con Unico Socio |
Castellarano (RE) - IT - |
01808230351 |
Assistant
board Chairman |
Withdrawn |
Registered |
|
Ariana Industrie Ceramiche
S.p.a. SocietA' Con Unico Socio |
Castellarano (RE) - IT - |
01808230351 |
Managing
Director |
Withdrawn |
Registered |
|
F.f.g. - Srl |
Modena (MO) - IT - |
02568650366 |
Director |
Active |
Registered |
|
F.f.g. - Srl |
Modena (MO) - IT - |
02568650366 |
Board
Chairman |
Active |
Registered |
|
Hard Koll S.r.l. |
Corigliano Calabro (CS) - IT - |
02365120787 |
Assistant
board Chairman |
Active |
Registered |
|
Immobiliare San Luca S.a.s. Di
Zanoli Fausto E C. |
Modena (MO) - IT - |
02593780360 |
Limited
Partner |
Active |
Registered |
|
Abk Sir Production - S.p.a. |
Castelvetro di Modena (MO) -
IT - |
03108370366 |
Director |
Active |
Registered |
|
Abk Sir Production - S.p.a. |
Castelvetro di Modena (MO) -
IT - |
03108370366 |
Assistant
board Chairman |
Active |
Registered |
|
Abk Sir Production - S.p.a. |
Castelvetro di Modena (MO) -
IT - |
03108370366 |
Managing
Director |
Active |
Registered |
|
Consorzio Universitario Per La
GestioneDel Centro Di Ricerca E Sperimentazione |
Bologna (BO) - IT - |
00947780375 |
Chairman |
Active |
Registered |
|
Amam Company S.a.s. Di Fabbri
AlessandroE C. |
Finale Emilia (MO) - IT - |
02130240365 |
Limited
Partner |
Active |
Registered |
|
Fef S.r.l. |
Finale Emilia (MO) - IT - |
03290130362 |
Director |
Active |
Registered |
|
Centro Emilia Terremoto 2012
S.r.l. |
Cento (FE) - IT - |
01877750388 |
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 |
|
Abk Group Industrie Ceramiche
S.p.a. |
Finale Emilia - IT - |
02097380360 |
240.000
.Eur |
6,00 |
|
Guidorzi Andrea |
Bondeno - IT - |
GDRNDR60E17A965P |
684.800
.Eur |
17,12 |
|
Fortuna Michelangelo |
Quattro Castella - IT - |
FRTMHL46R12C599C |
695.600
.Eur |
17,39 |
|
F.f.g. - Srl |
Modena - IT - |
02568650366 |
437.200
.Eur |
10,93 |
|
Fabbri Roberto |
Finale Emilia - IT - |
FBBRRT47M31D599L |
402.400
.Eur |
10,06 |
|
Amam Company S.a.s. Di Fabbri
Alessandro E C. |
Finale Emilia - IT - |
02130240365 |
250.400
.Eur |
6,26 |
|
Fortuna Andrea |
Reggio Emilia - IT - |
FRTNDR74P07H223N |
498.000
.Eur |
12,45 |
|
Fef S.r.l. |
Finale Emilia - IT - |
03290130362 |
320.000
.Eur |
8,00 |
|
Charlotte Investment S.a. |
|
|
471.600
.Eur |
11,79 |
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 |
|
Abk Group Industrie Ceramiche
S.p.a. |
Finale Emilia - IT - |
02097380360 |
240.000
.Eur |
6,00 |
|
|
Active |
|
Hard Koll S.r.l. |
Corigliano Calabro - IT - |
02365120787 |
4.080
.Eur |
40,00 |
|
|
Active |
|
Ceramica Campeginese S.r.l. |
Milano - IT - |
11363340156 |
|
100,00 |
|
|
Active |
|
Ariana Industrie Ceramiche
S.p.a. Societ A' Con Unico Socio |
Castellarano - IT - |
01808230351 |
|
100,00 |
|
|
Active |
|
F.f.g. - Srl |
Modena - IT - |
02568650366 |
98.010
.Eur |
99,00 |
|
|
Active |
Firm's location and structure
In order to carry out its
activities the firm uses the following locations:
|
- |
Legal
and operative seat |
|
since 12/10/1922 |
|
|
|
|
|
|
San Lorenzo |
, 24/A |
- 41034 |
- Finale Emilia |
(MO) |
- IT - |
|
|
|
|
PHONE |
: 0535761311 |
|
|
|
|
FAX |
: 053592800 |
|
- |
Branch |
(Warehouse) |
since 20/08/2007 |
|
|
|
|
|
|
Ghiarola Nuova |
, 142 |
- 41042 |
- Fiorano Modenese |
(MO) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 31/12/2010 |
|
|
|
|
|
|
Statale 569 Per Vignola-
Solignano |
, 226 |
- 41014 |
- Castelvetro di Modena |
(MO) |
- IT - |
|
|
|
|
Trading Style: DIVISIONE
FLAVIKER PI.SA. |
|
|
|
|
PHONE |
: 0599752011 |
|
|
|
|
FAX |
: 0599752010 |
|
- |
Branch |
(office) |
since 31/12/2010 |
|
|
|
|
|
|
Radici Nord |
, 164-166 |
- 42014 |
- Castellarano |
(RE) |
- IT - |
|
- |
Branch |
(Showroom) |
since 31/12/2010 |
|
|
|
|
|
|
Nazionale |
, 2 |
- 38050 |
- Roncegno |
(TN) |
- IT - |
|
|
|
|
Employees |
:
190 |
|
Fittings and Equipment for a
value of 1.090.000 |
Eur |
|
Stocks for a value of
33.040.000 |
Eur |
|
Furniture and fittings for a
value of 5.000 |
Eur |
|
|
The subject firm uses the following
own selling brands:
|
- IMOKER |
Historical Information and/or
Firm's Status
EX-MEMBERS
/ EX-POSITIONS:
|
|
Zuccoli |
Remo |
|
|
|
Born in Sermide |
(MN) |
on 27/01/1955 |
- Fiscal Code :
ZCCRME55A27I632I |
|
|
|
Residence: |
|
Della Resistenza |
, 40 |
- 41012 |
Carpi |
(MO) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Guidorzi |
Andrea |
|
|
|
Born in Bondeno |
(FE) |
on 17/05/1960 |
- Fiscal Code :
GDRNDR60E17A965P |
|
|
|
Residence: |
|
Carducci |
, 19 |
- 44012 |
Bondeno |
(FE) |
- IT - |
|
Ex-Postions |
|
Chairman |
|
|
Fortuna |
Michelangelo |
|
|
|
Born in Cherasco |
(CN) |
on 12/10/1946 |
- Fiscal Code :
FRTMHL46R12C599C |
|
|
|
Residence: |
|
Lenin |
, 23 |
- 42020 |
Quattro Castella |
(RE) |
- IT - |
|
Ex-Postions |
|
Vice-Chairman |
|
|
Sangiorgi |
Silvia |
|
|
|
Born in Ro Ferrarese |
( ) |
on 21/10/1953 |
- Fiscal Code :
SNGSLV53R61H360E |
|
|
|
Residence: |
|
Prinella |
, 158 |
- 44100 |
Ferrara |
(FE) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Corradi |
Cristina |
|
|
|
Born in Modena |
(MO) |
on 25/02/1965 |
- Fiscal Code :
CRRCST65B65F257E |
|
|
|
Residence: |
|
Paganini |
, 55 |
- 41019 |
Soliera |
(MO) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Bertolucci |
Stella |
|
|
|
Born in Novi di Modena |
(MO) |
on 01/04/1958 |
- Fiscal Code :
BRTSLL58D41F966N |
|
|
|
Residence: |
|
Giotto |
, 12 |
- 41016 |
Novi di Modena |
(MO) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
TURBATI |
PAOLO |
|
|
|
Born in SASSUOLO |
(MO) |
on 15/09/1962 |
- Fiscal Code :
TRBPLA62P15I462I |
|
|
|
Residence: |
|
PIA |
, 77 |
- 41049 |
Sassuolo |
(MO) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
|
Fabbri |
Roberto |
|
|
|
Born in Finale Emilia |
(MO) |
on 31/08/1947 |
- Fiscal Code :
FBBRRT47M31D599L |
|
|
|
Residence: |
|
Repubblica Dell'ossola |
, 13 |
- 41034 |
Finale Emilia |
(MO) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
GUIDETTI |
GIORGIO
GIUSTO |
|
|
|
Born in VIANO |
(RE) |
on 17/09/1957 |
- Fiscal Code :
GDTGGG57P17L831D |
|
|
|
Residence: |
|
TOGLIATTI |
, 4 |
- 41013 |
Castelfranco Emilia |
(MO) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
MARANI |
FRANCESCO |
|
|
|
Born in MILANO |
(MI) |
on 20/12/1962 |
- Fiscal Code :
MRNFNC62T20F205J |
|
|
|
Residence: |
|
PAPA GREGORIO VII |
, 3 |
- 42014 |
Castellarano |
(RE) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
SOLA |
CLAUDIO |
|
|
|
Born in SASSUOLO |
(MO) |
on 17/02/1963 |
- Fiscal Code :
SLOCLD63B17I462D |
|
|
|
Residence: |
|
GIACOBAZZI |
, 93 |
- 41049 |
Sassuolo |
(MO) |
- IT - |
|
Ex-Postions |
|
Director |
CEASINGS/INCORPORATIONS/MERGES:
|
|
The
firm absorved |
|
|
|
Ceramica
Campeginese S.r.l. |
|
|
|
|
Velasca |
, 5 |
, 20122 |
, Milano |
(MI) |
- IT - |
|
|
|
Fiscal Code: 11363340156 |
|
|
|
Date |
: |
13/12/2002 |
|
|
Project
of merging by taking over of |
|
|
|
Ceramica
Campeginese S.r.l. |
|
|
|
|
Velasca |
, 5 |
, 20122 |
, Milano |
(MI) |
- IT - |
|
|
|
Fiscal Code: 11363340156 |
|
|
|
Date |
Merging/splitting-up project: |
28/06/2002 |
|
|
The
firm absorbed by merging of |
|
|
|
Ceramica
Campeginese S.r.l. |
|
|
|
|
Velasca |
, 5 |
, 20122 |
, Milano |
(MI) |
- IT - |
|
|
|
Fiscal Code: 11363340156 |
|
|
|
Date |
: |
13/12/2002 |
|
|
Project
of merging by taking over of |
|
|
|
Ariana
Industrie Ceramiche S.p.a. SocietA' Con Unico Socio |
|
|
|
|
Radici Nord |
, 164-166 |
, 42014 |
, Castellarano |
(RE) |
- IT - |
|
|
|
Fiscal Code: 01808230351 |
|
|
|
Date |
Merging/splitting-up project: |
18/06/2010 |
|
|
The
firm absorbed by merging of |
|
|
|
|
Ariana Industrie Ceramiche S.p.a. SocietA'
Con Unico Socio
|
|
|
|
Radici Nord |
, 164-166 |
, 42014 |
, Castellarano |
(RE) |
- IT - |
|
|
|
Fiscal Code: 01808230351 |
|
|
|
Date |
: |
26/11/2010 |
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.
Financial
and Economical Analysis
Company's starting of activities
dates back to 1992.
An eco-fin analysis has been
made on the base od the b/s fo the years 2009, 2010 and 2011.
During the last years, it
achieved profits (r.o.e. 1,9% on 2011) but without a significant increase in
the turnover.
The operating result was
positive in the last financial year (2,62%) and reflects the field's average.
The operating result is positive
and amounts to Eur. 2.488.133 ,showing stability in respect to the value of
2010.
The G.O.M. amounted to Eur.
4.687.912 on the same levels as the previous financial year.
The financial status of the
company is fairly balanced with an indebtedness level of 2,97 with an improving
trend as on the decrease.
With regard to equity capital,
an amount of Eur. 19.521.073 is registered. , stable in comparison with the
value of the previous year.
In the year 2011 total debts
amounted to Eur. 69.585.374 showing a stable trend as opposed to 2010 (Eur.
78.180.163).
Financial indebtedness is
considered fair whereas the recourse to commercial borrowings is high even in
comparison with the sector's.
Neverthless available funds are
good.
As far as the collection of
credit goes, the average is high (179,27 days). even higher than the average of
the specific sector.
As far as the cash flow is
concerned during the latest financial year it amounted to Eur. 2.327.425
In the last financial year
labour cost was of Eur. 8.338.394, with a 10,55% incidence on total costs of
production. , whereas 10,05% is the incidence on sales revenues.
The financial management is
marked by a high incidence of financial charges in relation to sales revenues
(-1,52%).
Financial Data
|
|
|
Complete balance-sheet for the
year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
82.953.958 |
|
Profit (Loss) for the period |
371.407 |
|
|
|
Complete balance-sheet for the
year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
86.797.901 |
|
Profit (Loss) for the period |
298.704 |
|
|
|
Complete balance-sheet for the
year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
48.449.059 |
|
Profit (Loss) for the period |
646.794 |
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 |
0,18 |
0,17 |
0,32 |
0,43 |
|
Elasticity Ratio |
Units |
0,82 |
0,83 |
0,67 |
0,55 |
|
Availability of stock |
Units |
0,35 |
0,34 |
0,25 |
0,19 |
|
Total Liquidity Ratio |
Units |
0,47 |
0,49 |
0,42 |
0,33 |
|
Quick Ratio |
Units |
0,02 |
0,03 |
0,02 |
0,01 |
|
COMPOSITION
ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
2,97 |
3,19 |
1,82 |
1,30 |
|
Self Financing Ratio |
Units |
0,21 |
0,19 |
0,25 |
0,31 |
|
Capital protection Ratio |
Units |
0,78 |
0,78 |
0,74 |
0,84 |
|
Liabilities consolidation
quotient |
Units |
0,21 |
0,26 |
0,49 |
0,30 |
|
Financing |
Units |
3,56 |
4,08 |
2,69 |
2,07 |
|
Permanent Indebtedness Ratio |
Units |
0,33 |
0,34 |
0,48 |
0,54 |
|
M/L term Debts Ratio |
Units |
0,13 |
0,16 |
0,23 |
0,11 |
|
Net Financial Indebtedness
Ratio |
Units |
1,61 |
1,72 |
1,38 |
0,74 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,88 |
1,99 |
1,49 |
1,16 |
|
Current ratio |
Units |
1,32 |
1,35 |
1,44 |
1,17 |
|
Acid Test Ratio-Liquidity
Ratio |
Units |
0,76 |
0,80 |
0,91 |
0,74 |
|
Structure's primary quotient |
Units |
1,16 |
1,07 |
0,78 |
0,78 |
|
Treasury's primary quotient |
Units |
0,04 |
0,06 |
0,05 |
0,01 |
|
Rate of indebtedness (
Leverage ) |
% |
486,40 |
539,56 |
393,65 |
320,24 |
|
Current Capital ( net ) |
Value |
19.055.121 |
21.943.243 |
14.656.707 |
489.751 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
2,81 |
2,83 |
4,12 |
2,85 |
|
Return on Equity - Net- (
R.O.E. ) |
% |
1,90 |
1,56 |
3,57 |
0,50 |
|
Return on Equity - Gross - (
R.O.E. ) |
% |
5,42 |
5,37 |
7,05 |
2,05 |
|
Return on Investment ( R.O.I.
) |
% |
2,62 |
2,50 |
3,71 |
2,31 |
|
Return/ Sales |
% |
3,00 |
2,98 |
5,46 |
3,07 |
|
Extra Management
revenues/charges incid. |
% |
14,93 |
11,55 |
24,45 |
10,71 |
|
Cash Flow |
Value |
2.327.425 |
2.456.589 |
1.993.849 |
160.408 |
|
Operating Profit |
Value |
2.488.133 |
2.585.379 |
2.645.757 |
79.446 |
|
Gross Operating Margin |
Value |
4.687.912 |
4.966.924 |
4.108.911 |
520.518 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average
term |
Days |
179,27 |
182,54 |
180,20 |
127,91 |
|
Debts to suppliers average
term |
Days |
182,79 |
195,38 |
203,89 |
129,07 |
|
Average stock waiting period |
Days |
143,41 |
143,79 |
132,00 |
113,84 |
|
Rate of capital employed
return ( Turnover ) |
Units |
0,87 |
0,84 |
0,68 |
0,65 |
|
Rate of stock return |
Units |
2,51 |
2,50 |
2,73 |
3,16 |
|
Labour cost incidence |
% |
10,05 |
9,48 |
11,21 |
20,17 |
|
Net financial revenues/
charges incidence |
% |
-1,52 |
-1,33 |
-1,81 |
-2,10 |
|
Labour cost on purchasing
expenses |
% |
10,55 |
9,83 |
12,49 |
19,31 |
|
Short-term financing charges |
% |
1,88 |
1,53 |
2,07 |
3,13 |
|
Capital on hand |
% |
114,46 |
119,04 |
147,03 |
152,96 |
|
Sales pro employee |
Value |
416.854 |
411.364 |
286.680 |
191.110 |
|
Labour cost pro employee |
Value |
41.901 |
38.999 |
32.131 |
33.292 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.16 |
|
|
1 |
Rs.81.74 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.