MIRA
INFORM REPORT
|
Report Date : |
26.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
CHEMATEK S.P.A. |
|
|
|
|
Registered Office : |
Via Dante, 4, 20100 – Milano (MI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
25.06.1980 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
·
Wholesale of fertilizers and other agricultural
chemical products ·
Wholesale of Industrial chemical products |
|
|
|
|
No. of Employees : |
from 26 to 35 |
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 – 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
CHEMATEK S.P.A.
Via Dante, 4
20100 – Milano (MI) -IT-
Summary
|
Fiscal Code |
: |
05870170155 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
17/03/1981 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
25.000.000/35.000.000 |
|
Number of Employees |
: |
from 26 to 35 |
Activity
Wholesale of fertilizers and other agricultural chemical products
Wholesale of Industrial chemical products
Legal Data
Legal Form : Joint
stock company
Fiscal Code : 05870170155
Foreign Trade Reg. no. : MI017927
since 09/12/1991
Foreign Trade Reg. no. : 17927
of Milano since 09/12/1991
Foreign Trade Reg. no. : 017927
of Milano since 09/12/1991
Chamber of Commerce no. : 205132
of Cagliari
Chamber of Commerce no. : 228190
of Cagliari
Chamber of Commerce no. :
205132 of Catania
Chamber of Commerce no. : 1046931
of Milano since 01/08/1980
Chamber of Commerce no. : 982578
of Roma
Firms' Register : MI146-196987
of Milano since 19/02/1996
V.A.T. Code : 05870170155
Tribunal Co. Register : 196937
of
|
Foundation date |
: 25/06/1980 |
|
|
Establishment date |
: 25/06/1980 |
|
|
Start of Activities |
: 17/03/1981 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 2.000.000 |
|
|
Subscribed Capital |
: 2.000.000 |
|
|
Paid up Capital |
: 2.000.000 |
|
Members
Papandrea Giovanni
|
|
|
Born in Messina |
(ME) |
on 27/06/1940 |
- Fiscal Code : PPNGNN40H27F158V |
|
|
|
Residence: |
|
Crescitelli |
, 6 |
- 20052 |
Monza |
(MB) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2012 |
|
|
|
General Director |
28/11/1997 |
|
|
|
Managing Director |
09/05/2012 |
|
|
No Prejudicial
events are reported
No Protests
registered
Amico Giuseppe
Stefano
|
|
|
Born in Messina |
(ME) |
on 27/09/1944 |
- Fiscal Code : MCAGPP44P27F158F |
|
|
|
Residence: |
|
Umberto I |
, 2 |
- 42100 |
Reggio Emilia |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2012 |
|
|
Chiapparini Sacchini Gian Filippo
|
|
|
Born in Viareggio |
(LU) |
on 08/12/1926 |
- Fiscal Code : CHPGFL26T08L833Z |
|
|
|
Residence: |
|
Juvara Filippo |
, 11 |
- 20129 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2012 |
|
|
|
Board Chairman |
29/04/2012 |
|
|
No
Prejudicial events are reported
No Protests
registered
Companies connected to members *
*checkings have been performed on a national scale.
In this module are listed the companies in which members hold or have
holded positions.
Papandrea Giovanni
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Tradere S.r.l. |
Reggio Emilia (RE) - IT - |
01585950346 |
Director |
Withdrawn |
Registered |
|
Verdeblu S.n.c. Di Amico G. E PapandreaG. |
Lipari (ME) - IT - |
02627570837 |
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 |
|
Papandrea Giovanni |
Monza - IT - |
PPNGNN40H27F158V |
620.000 .Eur |
31,00 |
|
Abernethy Zandra Mavor |
|
BRNZDR42M41Z114Y |
30.000 .Eur |
1,50 |
|
Chematek International B.v. |
|
|
900.000 .Eur |
45,00 |
|
Papandrea Alexis |
|
|
225.000 .Eur |
11,25 |
|
Papandrea Armando |
|
|
225.000 .Eur |
11,25 |
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 |
|
E.T. Italiana Electro-Circuit Technologi es Italiana S.R.L. In Sigla
E.T. Italian |
Milano - IT - |
11582640154 |
5.164 .Eur |
50,00 |
|
|
Active |
|
Tradere S.r.l. |
Reggio Emilia - IT - |
01585950346 |
11.440 .Eur |
55,00 |
|
|
Active |
|
"A. Ficarelli S.R.L." |
Reggio Emilia - IT - |
01403680356 |
6.793 .Eur |
66,60 |
|
|
Active |
Firm's location and structure
In order to carry out its activities the firm uses the following
locations:
- Legal and operative seat
Dante ,
4 - 20100 - Milano (MI) - IT –
PHONE :
0293753433
- Legal and operative seat until 29/04/2012
Monte Rosa ,
19 - 20100 -
Milano (MI) - IT -
PHONE : 0248009034
PHONE :
029375341
FAX :
029374435
- Branch (Store) since 01/03/1987
Sondrio -
20020 - Lainate (MI) - IT -
PHONE :
0952936646
PHONE :
029353433
- Branch (Warehouse) since 06/07/1994
Mantova ,
2 - 20020 -
Lainate (MI) - IT -
PHONE :
0293753433
PHONE :
029375341
- Branch (Sales
office) since 12/01/2004
Calle 6 No.710 Esquina A9na , 710 -
Ciudad De La Habana - IT -
- Branch (Factory) since 03/10/2011
Puccini ,
18 - 20028 -
San Vittore Olona (MI) - IT -
PHONE :
033193541
PHONE :
0331935420
FAX :
033195340
- Branch (Sales
office) since 28/08/2003
Dettori ,
47 - 09100 -
Cagliari (CA) - IT -
- Branch (office)
Pantano D'arci , 499 - 95100 - Catania (CT) - IT -
- Branch (office) since 01/03/2000
Gallia ,
122 - 00100 - Roma (RM) - IT -
PHONE :
0677590112
- Branch (Representative
office) since 28/04/2010
Ripetta ,
70 - 00100 -
Roma (RM) -
IT -
PHONE :
0636006034
Employees :
29
Fittings and
Equipment for a value of 400.000 Eur
Stocks for a value
of 2.910.000 Eur
Furniture and
fittings for a value of 100.000 Eur
Vehicles for a
value of 67.000 Eur
Trade organization: direct or by agents.
|
|
The firm operates abroad as importer / exporter..
To purchase foreign products the firm uses the following channels :
- direct orders to foreign companies
Export represents up to 20% of the global turnover.
Products abroad are placed by :
- direct orders from foreign companies
Import comes generally from the following nations:
- Greece
- France
- Poland
- Germany
- Great Britain
Export is mainly towards:
- Greece
- France
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 |
07/10/1996 |
EX-MEMBERS /
EX-POSITIONS:
Piceci Luigi
|
|
|
Born in Milano |
(MI) |
on 04/02/1932 |
- Fiscal Code : PCCLGU32B04F205T |
|
|
|
Residence: |
|
Bergamo |
, 3/722 |
- 20090 |
Cusago |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
Permanent Auditor |
Piceci Alessandra
|
|
|
Born in Milano |
(MI) |
on 11/02/1959 |
- Fiscal Code : PCCLSN59B51F205S |
|
|
|
Residence: |
|
Cavalcabo' Pietro |
, 2 |
- 20146 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
Papandrea Giovanni
|
|
|
Born in Messina |
(ME) |
on 27/06/1940 |
- Fiscal Code : PPNGNN40H27F158V |
|
|
|
Residence: |
|
Crescitelli |
, 6 |
- 20052 |
Monza |
(MB) |
- IT - |
|
Ex-Postions |
|
Sole Director |
|
Managing Director |
|
Managing Director |
Grandi Erio Fortunato
|
|
|
Born in Genova |
(GE) |
on 14/02/1932 |
- Fiscal Code : GRNRRT32B14D969K |
|
|
|
Residence: |
|
Lazzaroni Giuseppina |
, 12 |
- 20124 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
Permanent Auditor |
|
Temporary Auditor |
Zabeo Andrea
|
|
|
Born in Milano |
(MI) |
on 11/12/1971 |
- Fiscal Code : ZBANDR71T11F205O |
|
|
|
Residence: |
|
Adelaide Cairoli Bono |
, 34 |
- . |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
Bezzan Alberta
|
|
|
Born in MILANO |
(MI) |
on 19/07/1958 |
- Fiscal Code : BZZLRT58L59F205E |
|
|
|
Residence: |
|
MOLISE |
, 17 |
- 20100 |
Milano |
(MI) |
- 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.
Financial and Economical Analysis
Company's starting of activities dates back to 1981.
Balance sheets for the years 2010, 2011 and 2012 were analyzed.
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 2,06% in 2012
The operating result was positive in the last financial year (2,61%) and
reflects the field's average.
The amount of the operating result for the year 2012 is of Eur. 550.461
with no increase in relation to the financial year 2011.
During the latest financial year the gross operating margin amounted to
Eur. 667.757 stable if compared to the financial year 2011.
The financial status of the company is fairly balanced with an
indebtedness level of 1,9 and decreasing as against 2011.
It's shareholders funds amount to Eur. 4.066.133 , unchanged as opposed
to the preceding year.
During the last financial year debts totalled Eur. 13.838.846 (Eur.
3.091.118 of which were m/l term debts) , with a fall of -22,8%.
Bank borrowings' volume is slightly high but the recourse to suppliers'
credit is modest below the sector's average.
Payments are supported by good current assets.
Trade credits average terms are 88,36 days. , shorter than the sector's
average.
Eur. 201.260 is the value of cash flow during the year 2012
Subordinate employment cost is of Eur. 1.378.672, i.e. 5,31% on total
production costs. , whereas 5,32% is the incidence on sales revenues.
Financial charges have a high incidence (-3,75%) on turnover figures.
Financial Data
Complete balance-sheet for the year 31/12/2012 (in
Eur x 1)
|
Item Type |
Value |
|
Sales |
25.896.886 |
|
Profit (Loss) for the period |
83.964 |
Complete balance-sheet
for the year 31/12/2011 (in Eur x
1)
|
Item Type |
Value |
|
Sales |
28.207.275 |
|
Profit (Loss) for the period |
218.497 |
Complete
balance-sheet for the year 31/12/2010 (in Eur x
1)
|
Item Type |
Value |
|
Sales |
20.493.406 |
|
Profit (Loss) for the period |
154.681 |
Complete
balance-sheet for the year 31/12/2009 (in Eur x
1)
|
Item Type |
Value |
|
Sales |
16.928.716 |
|
Profit (Loss) for the period |
138.684 |
Complete balance-sheet for the year 31/12/2008 (in
Eur x 1)
|
Item Type |
Value |
|
Sales |
23.916.995 |
|
Profit (Loss) for the period |
224.471 |
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 31/12/2012 - 12 Mesi - Currency: - Amounts x 1
- 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
|
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|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
VALUE OF PRODUCTION |
|
|
|
|
. Revenues from sales and services |
25.896.886 |
28.207.275 |
20.493.406 |
|
. Changes in work in progress |
|
|
|
|
. Changes in semi-manufact. products |
|
|
|
|
. Capitalization of internal work |
|
|
|
|
. Other income and revenues |
605.458 |
402.768 |
424.382 |
|
. . Contributions for operating expenses |
|
|
|
|
. . Different income and revenues |
605.458 |
402.768 |
424.382 |
|
Total value of production |
26.502.344 |
28.610.043 |
20.917.788 |
|
PRODUCTION COSTS |
|
|
|
|
. Raw material,other materials and consum. |
18.717.612 |
19.431.747 |
16.278.719 |
|
. Services received |
4.908.667 |
4.534.788 |
3.663.245 |
|
. Leases and rentals |
759.878 |
791.438 |
317.188 |
|
. Payroll and related costs |
1.378.672 |
1.432.396 |
1.313.110 |
|
. . Wages and salaries |
959.327 |
1.064.207 |
880.453 |
|
. . Social security contributions |
283.141 |
262.895 |
256.813 |
|
. . Employee termination indemnities |
77.622 |
65.850 |
60.353 |
|
. . Pension and similar |
|
|
|
|
. . Other costs |
58.582 |
39.444 |
115.491 |
|
. Amortization and depreciation |
117.296 |
179.258 |
99.014 |
|
. . Amortization of intangible fixed assets |
21.786 |
41.890 |
39.557 |
|
. . Amortization of tangible fixed assets |
95.510 |
137.368 |
59.457 |
|
. . Depreciation of tangible fixed assets |
|
|
|
|
. . Writedown of current receiv.and of liquid |
|
|
|
|
. Changes in raw materials |
-34.102 |
1.603.234 |
-974.229 |
|
. Provisions to risk reserves |
|
|
|
|
. Other provisions |
|
|
|
|
. Other operating costs |
103.860 |
97.503 |
45.147 |
|
Total production costs |
25.951.883 |
28.070.364 |
20.742.194 |
|
Diff. between value and cost of product. |
550.461 |
539.679 |
175.594 |
|
FINANCIAL INCOME AND EXPENSE |
|
|
|
|
. Income from equity investments |
|
|
|
|
. . In subsidiary companies |
|
|
|
|
. . In associated companies |
|
|
|
|
. . In other companies |
|
|
|
|
. Other financial income |
7.972 |
12.934 |
5.073 |
|
. . Financ.income from receivables |
|
|
5.073 |
|
. . . Towards subsidiary companies |
|
|
|
|
. . . Towards associated companies |
|
|
|
|
. . . Towards holding companies |
|
|
|
|
. . . Towards other companies |
|
|
|
|
. . Financ.income from secur. t.f.assets |
|
|
|
|
. . Financ.income from secur. cur.assets |
|
|
|
|
. . Financ.income other than the above |
|
|
|
|
. . . - Subsidiary companies |
|
|
|
|
. . . - Associated companies |
|
|
|
|
. . . - Holding companies |
|
|
|
|
. . . - Other companies |
|
|
|
|
. Interest and other financial expense |
-978.063 |
-1.090.729 |
-171.594 |
|
. . Towards subsidiary companies |
|
|
|
|
. . Towards associated companies |
|
|
|
|
. . Towards holding companies |
|
|
|
|
. . Towards other companies |
|
|
|
|
Total financial income and expense |
-970.091 |
-1.077.795 |
-166.521 |
|
ADJUSTMENTS TO FINANCIAL ASSETS |
|
|
|
|
. Revaluations |
|
|
|
|
. . Of equity investments |
|
|
|
|
. . Of financ.fixed assets not repres.E.I. |
|
|
|
|
. . Of securities incl.among current assets |
|
|
|
|
. Devaluation |
|
|
|
|
. . Of equity investments |
|
|
|
|
. . Of financial fixed assets (no equity inv) |
|
|
|
|
. . Of securities included among current ass |
|
|
|
|
Total adjustments to financial assets |
|
|
|
|
EXTRAORDINARY INCOME AND EXPENSE |
|
|
|
|
. Extraordinary income |
709.304 |
1.386.389 |
391.534 |
|
. . Gains on disposals |
|
|
|
|
. . Other extraordinary income |
709.304 |
1.386.389 |
391.534 |
|
. Extraordinary expense |
-11.598 |
-393.098 |
-105.261 |
|
. . Losses on disposals |
|
|
|
|
. . Taxes relating to prior years |
|
|
|
|
. . Other extraordinary expense |
-11.598 |
-393.098 |
-105.261 |
|
Total extraordinary income and expense |
697.706 |
993.291 |
286.273 |
|
Results before income taxes |
278.076 |
455.175 |
295.346 |
|
. Taxes on current income |
194.112 |
236.678 |
140.665 |
|
. . current taxes |
194.112 |
236.678 |
140.665 |
|
. . differed taxes(anticip.) |
|
|
|
|
. Net income for the period |
83.964 |
218.497 |
154.681 |
|
. Adjustments in tax regulations pursuance |
|
|
|
|
. Provisions in tax regulations pursuance |
|
|
|
|
. Profit (loss) of the year |
83.964 |
218.497 |
154.681 |
|
RATIOS |
Value Type |
as
at 31/12/2012 |
as
at 31/12/2011 |
as
at 31/12/2010 |
Sector
Average |
|
COMPOSITION ON INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,32 |
0,25 |
0,30 |
0,11 |
|
Elasticity Ratio |
Units |
0,68 |
0,74 |
0,69 |
0,87 |
|
Availability of stock |
Units |
0,14 |
0,13 |
0,27 |
0,22 |
|
Total Liquidity Ratio |
Units |
0,54 |
0,61 |
0,43 |
0,56 |
|
Quick Ratio |
Units |
0,18 |
0,08 |
0,10 |
0,02 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
1,90 |
3,24 |
2,42 |
3,81 |
|
Self Financing Ratio |
Units |
0,19 |
0,18 |
0,22 |
0,17 |
|
Capital protection Ratio |
Units |
0,49 |
0,44 |
0,43 |
0,65 |
|
Liabilities consolidation quotient |
Units |
0,33 |
0,23 |
0,23 |
0,12 |
|
Financing |
Units |
3,40 |
4,50 |
3,46 |
4,72 |
|
Permanent Indebtedness Ratio |
Units |
0,36 |
0,32 |
0,36 |
0,30 |
|
M/L term Debts Ratio |
Units |
0,17 |
0,15 |
0,15 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
1,15 |
1,70 |
0,97 |
1,28 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,13 |
1,28 |
1,21 |
2,06 |
|
Current ratio |
Units |
1,33 |
1,15 |
1,11 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,06 |
0,94 |
0,68 |
0,84 |
|
Structure's primary quotient |
Units |
0,60 |
0,70 |
0,72 |
1,28 |
|
Treasury's primary quotient |
Units |
0,35 |
0,12 |
0,16 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
518,83 |
565,53 |
459,65 |
591,61 |
|
Current Capital ( net ) |
Value |
3.548.633 |
2.143.281 |
1.182.288 |
219.071 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
0,78 |
1,41 |
1,24 |
2,22 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
2,06 |
5,49 |
4,11 |
6,27 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
6,84 |
11,43 |
7,85 |
15,95 |
|
Return on Investment ( R.O.I. ) |
% |
2,61 |
2,40 |
1,02 |
4,19 |
|
Return/ Sales |
% |
2,13 |
1,91 |
0,86 |
3,42 |
|
Extra Management revenues/charges incid. |
% |
15,25 |
40,49 |
88,09 |
29,26 |
|
Cash Flow |
Value |
201.260 |
397.755 |
253.695 |
61.669 |
|
Operating Profit |
Value |
550.461 |
539.679 |
175.594 |
95.558 |
|
Gross Operating Margin |
Value |
667.757 |
718.937 |
274.608 |
144.934 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
88,36 |
144,53 |
93,14 |
120,94 |
|
Debts to suppliers average term |
Days |
83,40 |
125,69 |
128,22 |
120,04 |
|
Average stock waiting period |
Days |
40,47 |
38,36 |
81,49 |
61,92 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,23 |
1,25 |
1,18 |
1,27 |
|
Rate of stock return |
Units |
8,90 |
9,38 |
4,42 |
5,74 |
|
Labour cost incidence |
% |
5,32 |
5,08 |
6,41 |
7,77 |
|
Net financial revenues/ charges incidence |
% |
-3,75 |
-3,82 |
-0,81 |
-1,26 |
|
Labour cost on purchasing expenses |
% |
5,31 |
5,10 |
6,33 |
7,90 |
|
Short-term financing charges |
% |
7,07 |
6,08 |
1,32 |
2,67 |
|
Capital on hand |
% |
81,46 |
79,84 |
84,42 |
78,39 |
|
Sales pro employee |
Value |
959.143 |
1.044.713 |
788.207 |
437.713 |
|
Labour cost pro employee |
Value |
51.061 |
53.051 |
50.504 |
33.928 |
Remarks
1) Protests checking (relative to the last five years) performed by crossing
and matching the members names and the Firm's Style with the reported
addresses, is supplied by the Informatic Registry managed by the Italian
Chamber of Commerce. If the fiscal code is not indicated, the eventual
homonymous cases are submitted to expert staff evaluation in order to limit
wrong matching risks.
2) The Legal Data, supplied and retrived from the Firm's Registry of the
Italian Chamber of Commerce, are in line with the last registered
modifications.
3) Risk evaluation and Credit Opinion have been performed on the base of
the actual data at the moment of their availability.
Market / Territory Data
|
Population living in the province |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
3.839.216Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
|
|
- per non food products |
: |
|
|
- per energy consume |
: |
|
Sector Data
The values are calculated on a base of 6.137 significant companies.
The companies cash their credits on an average of 121 dd.
The average duration of suppliers debts is about 120 dd.
The sector's profitability is on an average of 2,22%.
The labour cost affects the turnover in the measure of 7,77%.
Goods are held in stock in a range of 62 dd.
The difference between the sales volume and the resources used to
realize it is about 1,27.
The employees costs represent the 7,90% of the production costs.
Statistical Detrimental Data
Statistcally the trade activity shows periods of crisis.
The area is statistically considered lowly risky.
In the region 50.886 protested subjects are found; in the province they
count to 24.765.
The insolvency index for the region is 0,55, , while for the province it
is 0,66.
Total Bankrupt companies in the province : 22.523.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.58 |
|
|
1 |
Rs.101.42 |
|
Euro |
1 |
Rs.84.70 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.