MIRA INFORM REPORT
|
Report Date : |
18.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
PROCOND ELETTRONICA S.R.L. |
|
|
|
|
Registered Office : |
Localita' Villanova - Zona Industriale, 6, 32013 –
Longarone (BL) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
19.10.2005 |
|
|
|
|
Legal Form : |
Sole-Member Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of electronic components |
|
|
|
|
No. of Employees : |
251 to 500 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
No Complaints |
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|
|
|
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
Procond Elettronica S.r.l.
Localita' Villanova - Zona Industriale, 6
32013 - Longarone (BL) -IT-
Summary
|
Fiscal Code |
: |
05026120963 |
|
Legal Form |
: |
Sole-Member Limited Liability Company |
|
start of Activities |
: |
16/12/2005 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
50.000.000/75.000.000 |
|
Number of Employees |
: |
from 251 to 500 |
Highlights
|
Procond Elettronica was born in 1948 and
produces electrical. |
|
|
|
Its range of products becomes wider and
wider over the years, going through |
|
different business till its current
specialization in appliances and automotive. |
|
In 1969 it produces capacitors for tv sets
and for computer industry (Olivetti |
|
and Honeywell). In 1978 it enlarges its
production realizing RFI filters |
|
for appliances and computers. In 1984 it
enters the electronic control |
|
business, starts producing switch-mode
power supply for computers (IBM |
|
and Digital) and becomes the COE (Center
of Excellence) for electronic |
|
controls for appliances for Zanussi. |
|
|
|
In 1990 it exits the computer industry and
starts gaining new appliances |
|
(Bosch-Siemens, Merloni, Carrier) and
automotive (BMW, FIAT) customers. |
|
In 1992 develops and produces airbag controls
for Renault but it exits |
|
from this business in 1997 to focus on the
design, development, industrialization |
|
and production of electronic controls and
RFI filters for appliances and |
|
automotive. |
|
|
|
Today Procond Elettronica is the ideal
partner for OEM clients of the |
|
home appliances market who want to work in
close contact with a company |
|
characterized by very high technical and
applicative competencies. Procond |
|
Elettronica is actually able to quickly
develop innovative electronic controls |
|
and to produce them at low costs but with
a very high quality level. |
Activity
Manufacture of electronic components
Manufacture of electrical and electronic
equipment for motor vehicles and their engines
Legal Data
Legal Form : Sole-Member Limited Liability
Company
|
Fiscal Code : 05026120963 |
|
Chamber of Commerce no. : 90070 of since
12/02/2009 |
|
V.A.T. Code : 05026120963 |
|
Establishment date |
: 19/10/2005 |
|
|
Start of Activities |
: 16/12/2005 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 3.000.000 |
|
|
Subscribed Capital |
: 3.000.000 |
|
|
Paid up Capital |
: 3.000.000 |
|
Members
|
|
Olivotto |
Giampaolo |
|
|
|
Born in Belluno |
(BL) |
on 25/02/1958 |
- Fiscal Code : LVTGPL58B25A757E |
|
|
|
Residence: |
|
Mameli |
, 18 |
- 32100 |
Belluno |
(BL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
22/12/2010 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Bertolina |
Giorgio |
|
|
|
Born in Ivrea |
(TO) |
on 20/03/1960 |
- Fiscal Code : BRTGRG60C20E379J |
|
|
|
Residence: |
|
Aurelia |
, 21-9 |
- 16100 |
Genova |
(GE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
31/07/2012 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Paulon |
Sabrina |
|
|
|
Born in Belluno |
(BL) |
on 24/08/1972 |
- Fiscal Code : PLNSRN72M64A757I |
|
|
|
Residence: |
|
Monte Frusseda |
, 9 |
- 32014 |
Ponte nelle Alpi |
(BL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
20/10/2006 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Rossi |
Pier Giorgio |
|
|
|
Born in Arezzo |
(AR) |
on 03/02/1942 |
- Fiscal Code : RSSPGR42B03A390Q |
|
|
|
Residence: |
|
Campaccio |
, 210 |
- 52044 |
Cortona |
(AR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
01/09/2009 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Cianciulli |
Andrea |
|
|
|
Born in Montevarchi |
(AR) |
on 19/08/1970 |
- Fiscal Code : CNCNDR70M19F656B |
|
|
|
Residence: |
|
Celestino Bianchi |
, 3 |
- 50100 |
Firenze |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
01/09/2009 |
|
|
|
Director |
31/07/2012 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Selcom
Elettronica S.p.a. |
|
|
|
|
|
|
Residence: |
|
Grandi |
, 5 |
- 40013 |
Castel Maggiore |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
|
|
|
|
|
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.
|
|
Selcom
Elettronica S.p.a. |
|
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Selital S.p.a. |
Castel Maggiore (BO) - IT - |
00832081202 |
Sole partner |
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 |
|
Selcom Elettronica S.p.a. |
Castel Maggiore - IT - |
13381780157 |
|
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 |
|
Prosa Systems S.p.a. - In Liquidazione - |
Porcia - IT - |
01595150937 |
250.000 .Eur |
50,00 |
|
|
Active |
Firm's location and structure
In order to carry out its activities the
firm uses the following locations:
|
- |
Legal and
operative seat |
|
|
|
|
|
|
|
Villanova - Zona Industriale |
, 6 |
- 32013 |
- Longarone |
(BL) |
- IT - |
|
|
|
|
PHONE |
: 0437577211-577333 |
|
|
|
|
FAX |
: 0437770751 |
|
|
|
|
Website |
: www.selcomgroup.com |
|
|
|
|
Employees |
: 309 |
|
Fittings and Equipment for a value of
2.920.000 |
Eur |
|
Stocks for a value of 7.580.000 |
Eur |
Sales area on a national scale.
The company supplies wholesalers and
resellers.
|
|
Historical Information and/or
Firm's Status
EX-MEMBERS /
EX-POSITIONS:
|
|
Bertolina |
Giorgio |
|
|
|
Born in Ivrea |
(TO) |
on 20/03/1960 |
- Fiscal Code : BRTGRG60C20E379J |
|
|
|
Residence: |
|
Aurelia |
, 21-9 |
- 16100 |
Genova |
(GE) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Cigana |
Fiorenzo |
|
|
|
Born in Torre di Mosto |
(VE) |
on 25/10/1954 |
- Fiscal Code : CGNFNZ54R25L267E |
|
|
|
Residence: |
|
Villastorta |
, 25 |
- 30026 |
Portogruaro |
(VE) |
- IT - |
|
Ex-Postions |
|
Director |
|
Board Chairman |
|
Managing Director |
|
|
Savian |
Giuseppe |
|
|
|
Born in Motta di Livenza |
(TV) |
on 19/03/1973 |
- Fiscal Code : SVNGPP73C19F770Y |
|
|
|
Residence: |
|
Repubblica |
, 38 |
- 33080 |
Fiume Veneto |
(PN) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
De Bon |
Bruno |
|
|
|
Born in Akosombo |
( ) |
on 28/12/1964 |
- Fiscal Code : DBNBRN64T28Z318A |
|
|
|
Residence: |
|
Palladio |
, 18 |
- 32036 |
Sedico |
(BL) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Bernardi |
Sandro |
|
|
|
Born in Cortina d'Ampezzo |
(BL) |
on 02/11/1964 |
- Fiscal Code : BRNSDR64S02A266L |
|
|
|
Residence: |
|
Zona Industriale |
, 6 |
- 32013 |
Longarone |
(BL) |
- IT - |
|
Ex-Postions |
|
Person in charge |
|
Person in charge |
|
Managing Director |
|
Director |
|
|
Santamaria Amato |
Giuliana |
|
|
|
Born in Napoli |
(NA) |
on 29/09/1972 |
- Fiscal Code : SNTGLN72P69F839D |
|
|
|
Residence: |
|
Sandro Pertini |
, 6/C |
- 20020 |
Arese |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Schiavo Campo De
Gregorio |
Marco |
|
|
|
Born in Palermo |
(PA) |
on 26/01/1951 |
- Fiscal Code : SCHMRC51A26G273G |
|
|
|
Residence: |
|
Sant'ambrogio |
, 4 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Director |
|
|
Frecchiami |
Andrea |
|
|
|
Born in Milano |
(MI) |
on 23/08/1969 |
- Fiscal Code : FRCNDR69M23F205Q |
|
|
|
Residence: |
|
P. Verri |
, 8 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Agnoli |
Luciano |
|
|
|
Born in Belluno |
(BL) |
on 13/12/1964 |
- Fiscal Code : GNLLCN64T13A757L |
|
|
|
Residence: |
|
F. Frigimelica |
, 28 |
- 32100 |
Belluno |
(BL) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Bellomo |
Alberto |
|
|
|
Born in Feltre |
(BL) |
on 01/07/1969 |
- Fiscal Code : BLLLRT69L01D530X |
|
|
|
Residence: |
|
Monte Grappa |
, 44 |
- 32032 |
Feltre |
(BL) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
|
Galbucci |
Claudio |
|
|
|
Born in Bologna |
(BO) |
on 06/10/1949 |
- Fiscal Code : GLBCLD49R06A944G |
|
|
|
Residence: |
|
Donato Creti |
, 53/2 |
- 40100 |
Bologna |
(BO) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Brandolini |
Gian Piero |
|
|
|
Born in Faenza |
(RA) |
on 13/03/1942 |
- Fiscal Code : BRNGPR42C13D458T |
|
|
|
Residence: |
|
Belvedere |
, SNC |
- 09010 |
Domus De Maria |
(CA) |
- IT - |
|
Ex-Postions |
|
Board Chairman |
|
Director |
|
|
Montanari |
Franco |
|
|
|
Born in Bologna |
(BO) |
on 30/04/1949 |
- Fiscal Code : MNTFNC49D30A944F |
|
|
|
Residence: |
|
San Donato |
, 71 |
- 40057 |
Granarolo dell'Emilia |
(BO) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Fandella |
Sergio |
|
|
|
Born in Rapallo |
(GE) |
on 03/12/1961 |
- Fiscal Code : FNDSRG61T03H183U |
|
|
|
Residence: |
|
Trevisanato |
, 27 |
- 31021 |
Mogliano Veneto |
(TV) |
- IT - |
|
Ex-Postions |
|
Board Chairman |
|
Director |
|
|
Davia' |
Elena |
|
|
|
Born in Bologna |
(BO) |
on 07/11/1970 |
- Fiscal Code : DVALNE70S47A944S |
|
|
|
Residence: |
|
A. Sandi |
, 18 |
- 32015 |
Puos d'Alpago |
(BL) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
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 |
|
CASSA RISP. IN BOLOGNA SPA |
BOLOGNA - VIALE A.
MORO 60 - 60 A |
VIALE ALDO MORO, 60 - 60-A |
40100 |
Bologna |
6385 |
2461 |
Financial and Economical Analysis
Company's starting of activities dates back
to 2005.
The analysis is based on the latest 3
balance sheets.
During the last years, net losses were registered;
in 2011 r.o.e. is -23,89%. Losses are due to turnover decrease registered over
the last years.
The operating result in 2011 was positive
(0,99%) and reflects the field's average.
An operating result of Eur. 532.222 has been
registered. showing an upward trend more then 100% compared to the previous
financial year.
The G.O.M. amounted to Eur. 3.279.219
growing by more then 100% if compared to the year before.
Financial condition is not balanced as own
capitals do not cover debts, indebtedness level is in fact high (10,29) which
is rising compared to 2010.
The management generated equity capital for
an amount of Eur. 3.991.596 , unchanged as opposed to the preceding year.
During the last financial year debts
totalled Eur. 43.311.898 (Eur. 1.017.543 of which were m/l term debts) on the
same levels as the year before.
Both financial indebtedness as well as
exposure to suppliers are rated as fairly high and higher than sector's
average.
Liquid assets are not adequate to subject's
needs.
Accounts receivable average term is 77,64
days. , a value lower than the sector's average.
The financial management generated a cash
flow of Eur. 1.793.506.
Labour cost expenses amount to Eur.
12.252.567 , representing 19,63% on the total of production costs. and a 19,91%
incidence on sales volumes.
Financial charges are high: the incidence on
sales volume amounts to -1,7%
Financial
Data
|
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
61.526.296 |
|
Profit (Loss) for the period |
-953.491 |
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
76.395.000 |
|
Profit (Loss) for the period |
-3.882.000 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
81.623.848 |
|
Profit (Loss) for the period |
-7.657.117 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
118.490.904 |
|
Profit (Loss) for the period |
-9.625.869 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
117.051.877 |
|
Profit (Loss) for the period |
-1.576.668 |
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 |
|
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|
|
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 |
0,42 |
0,38 |
0,42 |
0,22 |
|
Elasticity Ratio |
Units |
0,58 |
0,62 |
0,57 |
0,76 |
|
Availability of stock |
Units |
0,14 |
0,17 |
0,22 |
0,19 |
|
Total Liquidity Ratio |
Units |
0,44 |
0,45 |
0,35 |
0,52 |
|
Quick Ratio |
Units |
0,02 |
0,02 |
0,02 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
10,29 |
10,25 |
18,73 |
2,39 |
|
Self Financing Ratio |
Units |
0,07 |
0,08 |
0,04 |
0,22 |
|
Capital protection Ratio |
Units |
0,49 |
1,18 |
3,19 |
0,65 |
|
Liabilities consolidation quotient |
Units |
0,09 |
0,09 |
0,15 |
0,23 |
|
Financing |
Units |
10,85 |
10,81 |
20,05 |
3,19 |
|
Permanent Indebtedness Ratio |
Units |
0,15 |
0,15 |
0,16 |
0,42 |
|
M/L term Debts Ratio |
Units |
0,07 |
0,07 |
0,12 |
0,13 |
|
Net Financial Indebtedness Ratio |
Units |
2,95 |
3,07 |
2,58 |
0,64 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
0,35 |
0,40 |
0,38 |
1,80 |
|
Current ratio |
Units |
0,73 |
0,77 |
0,70 |
1,30 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,55 |
0,56 |
0,43 |
0,92 |
|
Structure's primary quotient |
Units |
0,18 |
0,20 |
0,10 |
1,08 |
|
Treasury's primary quotient |
Units |
0,03 |
0,02 |
0,02 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
1342,00 |
1304,93 |
2328,47 |
456,81 |
|
Current Capital ( net ) |
Value |
-11.383.481 |
-11.596.000 |
-12.404.300 |
682.896 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
2,92 |
-1,21 |
-2,42 |
4,56 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-23,89 |
-79,78 |
-360,79 |
6,81 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-12,86 |
-61,39 |
-352,04 |
18,85 |
|
Return on Investment ( R.O.I. ) |
% |
0,99 |
-3,27 |
-13,45 |
5,41 |
|
Return/ Sales |
% |
0,87 |
-2,72 |
-8,14 |
4,75 |
|
Extra Management revenues/charges incid. |
% |
-179,15 |
n.c. |
n.c. |
35,79 |
|
Cash Flow |
Value |
1.793.506 |
-927.000 |
-1.975.718 |
237.257 |
|
Operating Profit |
Value |
532.222 |
-2.075.000 |
-6.644.395 |
228.892 |
|
Gross Operating Margin |
Value |
3.279.219 |
950.000 |
-961.236 |
406.634 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
77,64 |
86,09 |
43,66 |
118,40 |
|
Debts to suppliers average term |
Days |
201,87 |
174,54 |
165,92 |
128,10 |
|
Average stock waiting period |
Days |
44,35 |
50,74 |
48,34 |
54,07 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,15 |
1,20 |
1,65 |
1,13 |
|
Rate of stock return |
Units |
8,12 |
7,09 |
7,45 |
6,62 |
|
Labour cost incidence |
% |
19,91 |
17,24 |
17,72 |
18,32 |
|
Net financial revenues/ charges incidence |
% |
-1,70 |
-1,50 |
-0,91 |
-1,25 |
|
Labour cost on purchasing expenses |
% |
19,63 |
16,63 |
16,29 |
17,78 |
|
Short-term financing charges |
% |
2,42 |
2,21 |
2,46 |
3,03 |
|
Capital on hand |
% |
87,06 |
83,12 |
60,54 |
88,55 |
|
Sales pro employee |
Value |
194.703 |
228.727 |
180.584 |
190.738 |
|
Labour cost pro employee |
Value |
38.773 |
39.443 |
32.001 |
33.796 |
Market / Territory Data
|
Population living in the province |
: |
212.244 |
|
Population living in the region |
: |
4.699.950 |
|
Number of families in the region |
: |
1.813.210 |
Monthly
family expenses average in the region (in Eur..) :
|
- per food products |
: |
456 |
|
- per non food products |
: |
2.052 |
|
- per energy consume |
: |
127 |
Sector Data
The values are calculated on a base of 949
significant companies.
The companies cash their credits on an
average of 118 dd.
The average duration of suppliers debts is
about 128 dd.
The sector's profitability is on an average
of 4,56%.
The labour cost affects the turnover in the
measure of 18,32%.
Goods are held in stock in a range of 54 dd.
The difference between the sales volume and
the resources used to realize it is about 1,13.
The employees costs represent the 17,78% of
the production costs.
Statistical Detrimental Data
Statistically the trade activity shows
periods of crisis.
The area is statistically considered lowly
risky.
In the region 13.782 protested subjects are
found; in the province they count to 268.
The insolvency index for the region is 0,30,
, while for the province it is 0,13.
Total Bankrupt companies in the province :
393.
Total Bankrupt companies in the region :
16.714.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.89 |
|
UK Pound |
1 |
Rs.83.66 |
|
Euro |
1 |
Rs.70.58 |
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.