|
Report Date : |
07.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
CFS EUROPE S.P.A |
|
|
|
|
Registered Office : |
Viale Della Lirica 35, 35 48124 – Ravenna (RA) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
18.04.1995 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
Manufacture of various chemical products for industrial usage (including antidetonating and anti-freeze preparations) |
|
|
|
|
No. of Employees |
From 36 to 50 |
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 higher. 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 133% of GDP in 2013, but investor concerns about Italy and the broader euro-zone crisis eased in 2013, bringing down Italy's borrowing costs on sovereign government debt from euro-era. The government still faces pressure from investors and European partners to sustain its efforts to address Italy's long-standing structural impediments to growth, such as labor market inefficiencies and widespread tax evasion. In 2013 economic growth and labor market conditions deteriorated, with growth at -1.8% and unemployment rising to 12.4%, with youth unemployment around 40%. Italy's GDP is now 8% below its 2007 pre-crisis level
|
Source
: CIA |
CFS EUROPE S.P.A
Viale Della Lirica 35, 35 48124 - Ravenna (RA) -IT-
|
Fiscal Code |
: |
03902320823 |
|
Legal Form |
: |
Joint stock company with sole shareholder |
|
start of Activities |
: |
18/04/1995 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
25.000.000/35.000.000 |
|
Number of Employees |
: |
from 36 to 50 |
Manufacture of various chemical products for industrial usage (including antidetonating and anti-freeze preparations)
Legal Form : Joint stock company with sole shareholder
|
Fiscal Code : 03902320823 |
|
Foreign Trade Reg. no. : MI227773 since 15/06/1995 |
|
Chamber of Commerce no. : 285551 of Bergamo |
|
Chamber of Commerce no. : 1453240 of Milano since 12/10/1994 |
|
Chamber of Commerce no. : 134927 of Ravenna since 21/03/2011 |
|
Chamber of Commerce no. : 151605 of Rovigo |
|
Firms' Register : MI146-347657 of Milano since 19/02/1996 |
|
V.A.T. Code : 11310150153 |
|
Foundation date |
: 23/11/1990 |
|
|
Establishment date |
: 23/11/1990 |
|
|
Start of Activities |
: 18/04/1995 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 2.000.000 |
|
|
Subscribed Capital |
: 2.000.000 |
|
|
Paid up Capital |
: 2.000.000 |
|
|
Cfcl Mauritius Pvt Ltd |
|
|
|
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
|
|
No Protests registered |
|
Cfl Mauritius Pvt Ltd |
|
|
|
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
08/03/2011 |
|
|
|
No Protests registered |
|
Puranik |
Dattatraya |
|
|
Born in Mumbai |
( ) |
on 30/10/1952 |
|
|
Residence: |
Chittaranjan Road |
, FLAT N.6 |
Vile Parle - Est Mumbai |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
24/07/2013 |
|
|
|
Momaya |
Nirmal |
|
|
Born |
on 28/07/1966 |
|
|
Residence: |
|
Della Lirica |
, 35 |
- 48124 |
Ravenna |
(RA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Assistant board Chairman |
24/07/2013 |
|
|
|
Director |
24/07/2013 |
|
|
|
No Protests registered |
|
Dandekar |
Ashish |
|
|
Born |
on 02/06/1963 |
|
|
Residence: |
|
Della Lirica |
, 35 |
- 48124 |
Ravenna |
(RA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
24/07/2013 |
|
|
|
Board Chairman |
24/07/2013 |
|
|
|
No Protests registered |
|
Menezes |
Antonio Jose' |
|
|
Born in Goa |
( ) |
on 21/03/1948 |
- Fiscal Code : MNZNNJ48C21Z222B |
|
|
Residence: |
|
Martiri Della Liberta' |
, 49 |
- 20090 |
Segrate |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
24/07/2013 |
|
|
|
Director |
24/07/2013 |
|
|
|
Director |
28/10/1994 |
|
|
|
No Prejudicial events are reported |
|
No Protests registered |
|
Passeri |
Sauro |
|
|
Born in Urbino |
(PS) |
on 06/10/1981 |
- Fiscal Code : PSSSRA81R06L500X |
|
|
Residence: |
|
Rossini |
, 14 |
- 61048 |
Sant'Angelo in Vado |
(PS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
22/05/2013 |
|
|
|
No Prejudicial events are reported |
|
No Protests registered |
|
Scudellari |
Maria |
|
|
Born in Ravenna |
(RA) |
on 16/12/1982 |
- Fiscal Code : SCDMRA82T56H199D |
|
|
Residence: |
|
Camillo Cavour |
, 3 |
- 48121 |
Ravenna |
(RA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
26/10/2011 |
|
|
|
No Prejudicial events are reported |
|
No Protests registered |
|
Paglietti |
Nicola |
|
|
Born in Roma |
(RM) |
on 11/03/1965 |
- Fiscal Code : PGLNCL65C11H501K |
|
|
Residence: |
|
Italo Panattoni |
, 93 |
- 00189 |
Roma |
(RM) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
24/07/2013 |
|
|
*checkings have been performed on a national scale.
In this module the companies in which members hold/held positions are listed.
The Members of the subject firm are not reported to be Members in other companies.
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Cfl Mauritius Pvt Ltd |
|
|
|
100,00 |
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares Amount |
% Ownership |
since |
until |
Share Status |
|
EUROVANILLIN ITALIA S.R.L. |
Milano - IT - |
10211980155 |
|
|
|
|
Active |
|
Ravenna Servizi Industriali Societa' Con sortile Per Azioni O, In Forma Abbreviat |
Ravenna - IT - |
02168860399 |
117.600 .Eur |
1,96 |
|
|
Active |
In order to carry out its activities the firm uses the following locations:
|
- |
Legal and operative seat |
|
since 06/11/1995 |
|
|
|
|
|
|
Della Lirica 35 |
, 35 |
- 48100 |
- Ravenna |
(RA) |
- IT - |
|
- |
Registered office |
since 06/11/1995 |
until 06/12/2011 |
|
|
|
|
|
|
Giosue' Carducci |
, 15 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
|
|
|
PHONE |
: 0286451933 |
|
|
|
|
PHONE |
: 0354998111 |
|
|
|
|
FAX |
: 035994969 |
|
- |
Branch |
|
since 16/06/1995 |
|
|
|
|
|
|
Baiona |
, 107/111 |
- 48100 |
- Ravenna |
(RA) |
- IT - |
|
|
|
|
Employees |
: 41 |
|
Fittings and Equipment for a value of 4.210.000 |
Eur |
|
Stocks for a value of 8.900.000 |
Eur |
|
|
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Limited liability company |
Joint stock company |
06/11/1995 |
COMPANY STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Borregaard Italia SpA |
Cfs Europe SpA |
06/12/2011 |
EX-MEMBERS / EX-POSITIONS:
|
Menezes |
Antonio Jose' |
|
|
Born in Goa |
( ) |
on 21/03/1948 |
- Fiscal Code : MNZNNJ48C21Z222B |
|
|
Residence: |
|
Martiri Della Liberta' |
, 49 |
- 20090 |
Segrate |
(MI) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
Managing Director |
|
Managing Director |
|
Calderoni |
Carlo |
|
|
Born in Forli' |
(FO) |
on 19/08/1954 |
- Fiscal Code : CLDCRL54M19D704A |
|
|
Residence: |
|
G. Guidiccioni |
, 15 |
- 47100 |
Forli' |
(FO) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
Meregalli |
Daniela |
|
|
Born in Milano |
(MI) |
on 13/06/1957 |
- Fiscal Code : MRGDNL57H53F205A |
|
|
Residence: |
|
Carducci Giosue' |
, 15 |
- 20123 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
Diso |
Antonio |
|
|
Born in Roma |
(RM) |
on 16/11/1971 |
- Fiscal Code : DSINTN71S16H501U |
|
|
Residence: |
|
Antonazzo Romano |
, 9 |
- 00196 |
Roma |
(RM) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
Cicculli |
Francesco |
|
|
Born in Roma |
(RM) |
on 04/10/1979 |
- Fiscal Code : CCCFNC79R04H501Y |
|
|
Residence: |
|
Gaetano Arturo Crocco |
, 127 |
- 00148 |
Roma |
(RM) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
Momaya |
Nirmal |
|
on 28/07/1966 |
|
Ex-Postions |
|
Director |
|
Assistant board Chairman |
|
Puranik |
Dattatraya |
|
|
Born in Mumbai |
( ) |
on 30/10/1952 |
|
Ex-Postions |
|
Director |
|
Cfl Mauritius Pvt Ltd |
|
|
|
|
Ex-Postions |
|
Sole partner |
|
Puranik |
Dattatraya |
|
|
Born in Mumbai |
( ) |
on 30/10/1952 |
|
|
Residence: |
Chittaranjan Road |
, FLAT N.6 |
Vile Parle - Est Mumbai |
- IN - |
|
Ex-Postions |
|
Director |
|
Momaya |
Nirmal |
|
on 28/07/1966 |
|
|
Residence: |
|
Della Lirica |
, 35 |
- 48124 |
Ravenna |
(RA) |
- IT - |
|
Ex-Postions |
|
Assistant board Chairman |
|
Director |
|
Ashish |
Dandekar |
|
on 02/06/1963 |
|
|
Residence: |
|
Della Lirica |
, 35 |
- 48124 |
Ravenna |
(RA) |
- IT - |
|
Ex-Postions |
|
Director |
|
Board Chairman |
|
Puranik |
Dattatraya |
|
|
Born in Mumbai |
( ) |
on 30/10/1952 |
|
|
Residence: |
Chittaranjan Road |
, FLAT N.6 |
Vile Parle - Est Mumbai |
- IN - |
|
Ex-Postions |
|
Director |
|
Momaya |
Nirmal |
|
on 28/07/1966 |
|
|
Residence: |
|
Della Lirica |
, 35 |
- 48124 |
Ravenna |
(RA) |
- IT - |
|
Ex-Postions |
|
Assistant board Chairman |
|
Director |
|
Ashish |
Dandekar |
|
on 02/06/1963 |
|
|
Residence: |
|
Della Lirica |
, 35 |
- 48124 |
Ravenna |
(RA) |
- IT - |
|
Ex-Postions |
|
Director |
|
Board Chairman |
|
Ashish |
Dandekar |
|
on 02/06/1963 |
|
Ex-Postions |
|
Director |
|
Board Chairman |
|
Wikeby |
Jarle |
|
|
Born in Rodenes |
( ) |
on 12/03/1958 |
- Fiscal Code : WKBJRL58C12Z125C |
|
|
Residence: |
Carso |
, 73 |
- 24040 |
Madone |
(BG) |
- IT - |
|
Ex-Postions |
|
Director |
|
Amundsen |
Bjorn Erik |
|
|
Born in Bergen |
( ) |
on 27/07/1964 |
- Fiscal Code : MNDBRN64L27Z125M |
|
|
Residence: |
|
Carso |
, 73 |
- 24040 |
Madone |
(BG) |
- IT - |
|
Ex-Postions |
|
Board Chairman |
|
Director |
|
Grys |
Thomas |
|
|
Born in Roskilde |
( ) |
on 21/08/1970 |
- Fiscal Code : GRYTMS70M21Z107I |
|
|
Residence: |
Hjalmer Wessels Vei |
, 10 |
Sarpsborg |
- NO - |
|
Ex-Postions |
|
Director |
|
Locatelli |
Elianora |
|
|
Born in Terno d'Isola |
(BG) |
on 30/06/1954 |
- Fiscal Code : LCTLNR54H70L118L |
|
|
Residence: |
|
Castegnate |
, 5 |
- 24030 |
Terno d'Isola |
(BG) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
Brembilla |
Maria Rosa |
|
|
Born in Bergamo |
(BG) |
on 13/05/1951 |
- Fiscal Code : BRMMRS51E53A794N |
|
|
Residence: |
|
Dante |
, 20 |
- 24040 |
Bonate Sotto |
(BG) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
Correale |
Mariano |
|
|
Born in Sarno |
(SA) |
on 25/08/1947 |
- Fiscal Code : CRRMRN47M25I438V |
|
|
Residence: |
|
B. Belotti |
, 42 |
- 24040 |
Bonate Sotto |
(BG) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Director |
|
Director |
|
Pardi |
Marco |
|
|
Born in Roma |
(RM) |
on 12/01/1965 |
- Fiscal Code : PRDMRC65A12H501S |
|
|
Residence: |
|
Rovereto |
, 11 |
- 00198 |
Roma |
(RM) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
Filomeni |
Paolo |
|
|
Born in Anghiari |
(AR) |
on 07/10/1944 |
- Fiscal Code : FLMPLA44R07A291J |
|
|
Residence: |
|
Lodovico Mancini |
, 5 |
- 20129 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
Managing Director |
|
Director |
|
Vichi |
Diego |
|
|
Born in Sondrio |
(SO) |
on 26/04/1941 |
- Fiscal Code : VCHDGI41D26I829J |
|
|
Residence: |
|
Piave |
, 9 |
- 20129 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
Zambelli |
Paolo |
|
|
Born in Varese |
(VA) |
on 04/07/1952 |
- Fiscal Code : ZMBPLA52L04L682R |
|
|
Residence: |
|
Carducci |
, 15 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
Pretti |
Giorgio |
|
|
Born in Milano |
(MI) |
on 11/05/1954 |
- Fiscal Code : PRTGRG54E11F205A |
|
|
Residence: |
|
Andrea Solari |
, 9 |
- 20144 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
Campanale |
Michele |
|
|
Born in Ruvo di Puglia |
(BA) |
on 11/10/1950 |
- Fiscal Code : CMPMHL50R11H645R |
|
|
Residence: |
|
G. Verga |
, 135/O |
- 20092 |
Cinisello Balsamo |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
Orazi |
Fabrizio |
|
|
Born in Roma |
(RM) |
on 30/11/1959 |
- Fiscal Code : RZOFRZ59S30H501K |
|
|
Residence: |
|
Latina |
, 43 |
- 00179 |
Roma |
(RM) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
The firm absorbed by merging of |
|
|
|
EUROVANILLIN ITALIA S.R.L. |
|
|
|
MEDICI DEL VASCELLO |
, 40 |
, 20100 |
, Milano |
(MI) |
- IT - |
|
|
Fiscal Code: 10211980155 |
|
|
Date |
: |
12/10/1995 |
Protests checking on the subject firm has given a negative result.
Search performed on a National Scale
|
|
Prejudicial Events Search Result: NEGATIVE |
Search performed on a specialized data base.
None reported, standing to the latest received edition of the Official Publications.
The firm operates with:
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
BANCA INTESA - RETE CARIPLO |
|
|
|
|
6070 |
0 |
Company's starting of activities dates back to 1995.
The economic-financial analysis has been made on the base of the b/s of the latests three years.
Under the financial profile unstable results are noted. yet with a positive result in the 2013 (r.o.e. 3,33%). Upward trend as to the turnover in the last financial year (+14,86%).
The return on Investment in the last financial year was positive (0,81%) and in line with the sector's average.
The amount of the operating result for the year 2013 is of Eur. 175.930 showing a fall as opposed to the previous year (-30,08%).
During the latest financial year the gross operating margin amounted to Eur. 1.397.400 ,with no change if compared to the year before.
The ratio between debts and total assets is fairly high, as it comes out from the indebtedness (4,65) with an upward trend.
The equity capital is equal to Eur. 3.038.124 , unchanged if compared to 2012.
During the last financial year total debts volume reached Eur. 17.880.862 (Eur. 1.625.162 were m/l term ones) increasing if compared to the previous year, during which they were equal to Eur. 12.527.288 (42,73%).
Financial indebdtedness is under control whereas debts to suppliers are frequent and higher than sector's average.
Liquid assets are good.
Credits are collected in 61,43 days on the average. , shorter than the sector's average.
2013 financial year closed with a cash flow of Eur. 1.322.668
In the last financial year labour cost was of Eur. 2.327.258, with a 7,39% incidence on total costs of production. , whereas the incidence of such costs on sales revenues is equal to 9,02%.
Financial charges have a limited incidence (-1,12%) on sales volume.
|
|
Complete balance-sheet for the year |
31/03/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
25.797.579 |
|
Profit (Loss) for the period |
101.198 |
|
|
Complete balance-sheet for the year |
31/03/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
22.458.951 |
|
Profit (Loss) for the period |
83.056 |
|
|
Partial result |
31/03/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
335.369 |
From our constant monitoring of the relevant Public Administration offices, no more recent balance sheets result to have been filed.
|
- Balance Sheet as at 31/03/2013 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet as at 31/03/2012 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet as at 31/03/2011 - 12 Mesi - Currency: - Amounts x 1 |
|
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RATIOS |
Value Type |
as at 31/03/2013 |
as at 31/03/2012 |
as at 31/03/2011 |
Sector Average |
|
COMPOSITION ON INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,24 |
0,31 |
0,56 |
0,33 |
|
Elasticity Ratio |
Units |
0,76 |
0,69 |
0,44 |
0,65 |
|
Availability of stock |
Units |
0,41 |
0,26 |
0,07 |
0,15 |
|
Total Liquidity Ratio |
Units |
0,35 |
0,43 |
0,36 |
0,47 |
|
Quick Ratio |
Units |
0,10 |
0,02 |
0,14 |
0,01 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
4,65 |
4,14 |
1,48 |
1,60 |
|
Self Financing Ratio |
Units |
0,14 |
0,18 |
0,33 |
0,28 |
|
Capital protection Ratio |
Units |
0,31 |
0,29 |
0,51 |
0,69 |
|
Liabilities consolidation quotient |
Units |
0,13 |
0,04 |
0,08 |
0,21 |
|
Financing |
Units |
5,89 |
4,27 |
1,91 |
2,10 |
|
Permanent Indebtedness Ratio |
Units |
0,24 |
0,21 |
0,38 |
0,47 |
|
M/L term Debts Ratio |
Units |
0,10 |
0,03 |
0,05 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
0,70 |
1,36 |
0,20 |
0,66 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
0,99 |
0,70 |
0,67 |
1,28 |
|
Current ratio |
Units |
1,01 |
0,88 |
0,70 |
1,17 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,46 |
0,55 |
0,58 |
0,90 |
|
Structure's primary quotient |
Units |
0,58 |
0,60 |
0,58 |
0,90 |
|
Treasury's primary quotient |
Units |
0,13 |
0,03 |
0,22 |
0,02 |
|
Rate of indebtedness ( Leverage ) |
% |
712,72 |
542,98 |
306,37 |
353,06 |
|
Current Capital ( net ) |
Value |
154.567 |
-1.520.758 |
-1.642.776 |
592.597 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
5,13 |
5,12 |
-172,49 |
3,97 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
3,33 |
2,83 |
-21,22 |
2,57 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-3,69 |
6,14 |
-21,22 |
9,20 |
|
Return on Investment ( R.O.I. ) |
% |
0,81 |
1,58 |
-7,13 |
3,84 |
|
Return/ Sales |
% |
0,68 |
1,12 |
-185,94 |
4,05 |
|
Extra Management revenues/charges incid. |
% |
57,52 |
33,01 |
n.c. |
25,15 |
|
Cash Flow |
Value |
1.322.668 |
1.150.920 |
-578.478 |
316.000 |
|
Operating Profit |
Value |
175.930 |
251.622 |
-623.584 |
279.308 |
|
Gross Operating Margin |
Value |
1.397.400 |
1.319.486 |
-596.365 |
532.534 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
61,43 |
96,98 |
1558,85 |
104,54 |
|
Debts to suppliers average term |
Days |
173,31 |
111,50 |
1102,22 |
96,16 |
|
Average stock waiting period |
Days |
124,13 |
66,96 |
683,39 |
50,38 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,19 |
1,41 |
0,04 |
1,16 |
|
Rate of stock return |
Units |
2,90 |
5,38 |
0,53 |
7,14 |
|
Labour cost incidence |
% |
9,02 |
10,01 |
199,65 |
13,54 |
|
Net financial revenues/ charges incidence |
% |
-1,12 |
-0,32 |
5,33 |
-1,46 |
|
Labour cost on purchasing expenses |
% |
7,39 |
8,26 |
39,27 |
13,80 |
|
Short-term financing charges |
% |
1,63 |
0,60 |
n.c. |
3,24 |
|
Capital on hand |
% |
83,94 |
71,00 |
2607,12 |
86,41 |
|
Sales pro employee |
Value |
644.939 |
561.473 |
11.977 |
352.121 |
|
Labour cost pro employee |
Value |
58.181 |
56.215 |
23.912 |
44.319 |
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.
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Population living in the province |
: |
365.369 |
|
Population living in the region |
: |
4.151.369 |
|
Number of families in the region |
: |
1.748.359 |
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
425 |
|
- per non food products |
: |
2.063 |
|
- per energy consume |
: |
143 |
The values are calculated on a base of 435 significant companies.
The companies cash their credits on an average of 105 dd.
The average duration of suppliers debts is about 96 dd.
The sector's profitability is on an average of 3,97%.
The labour cost affects the turnover in the measure of 13,54%.
Goods are held in stock in a range of 50 dd.
The difference between the sales volume and the resources used to realize it is about 1,16.
The employees costs represent the 13,80% of the production costs.
Statistcally the trade activity shows periods of crisis.
The area is statistically considered moderately risky.
In the region 18.860 protested subjects are found; in the province they count to 2.146.
The insolvency index for the region is 0,46, , while for the province it is 0,60.
Total Bankrupt companies in the province : 1.073.
Total Bankrupt companies in the region : 14.698.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.32 |
|
|
1 |
Rs.100.04 |
|
Euro |
1 |
Rs.82.65 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
NIS |
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.