MIRA
INFORM REPORT
|
Report Date : |
06.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
FILARTEX S.P.A. |
|
|
|
|
Registered Office : |
Via |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
04.05.1974 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
Preparation and spinning of
textile fibres |
|
|
|
|
No. of Employees : |
238 |
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 |
|
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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
company name and address
|
Filartex
S.p.a. |
|
Via |
Firenze, |
13 SAN PANCRAZIO |
|
25036 |
- Palazzolo sull'Oglio |
(BS) |
-IT- |
Summary
|
Fiscal Code |
: |
00293370177 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
04/05/1974 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
25.000.000/35.000.000 |
|
Number of Employees |
: |
from 201 to 250 |
Activity
Preparation and spinning of
textile fibres
Weaving of textiles
OTHER FINANCIAL SERVICE
ACTIVITIES (EXCEPT INSURANCES AND PENSION FU
NDS)
Legal Data
Legal Form : Joint stock company
|
Fiscal Code : 00293370177 |
|
Foreign Trade Reg. no. :
BS004322 since 09/12/1991 |
|
Foreign Trade Reg. no. : 4322
of Brescia since 09/12/1991 |
|
Chamber of Commerce no. :
318961 of Bergamo |
|
Chamber of Commerce no. :
169715 of Brescia since 03/07/1974 |
|
Firms' Register : BS029-8218
of Brescia since 19/02/1996 |
|
V.A.T. Code : 00551210982 |
|
Establishment date |
: 04/05/1974 |
|
|
Start of Activities |
: 04/05/1974 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 7.000.000 |
|
|
Subscribed Capital |
: 7.000.000 |
|
|
Paid up Capital |
: 7.000.000 |
|
Members
|
|
Bonadei |
Federico |
|
|
|
Born in Adro |
(BS) |
on 24/01/1941 |
- Fiscal Code :
BNDFRC41A24A060N |
|
|
|
Residence: |
|
Del Dosso |
, 26/A |
- 25036 |
Palazzolo sull'Oglio |
(BS) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Board Chairman |
29/04/2013 |
|
|
|
Director |
29/04/2013 |
|
|
|
Managing Director |
24/10/2013 |
|
|
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Bonadei |
Mauro |
|
|
|
Born in Adro |
(BS) |
on 19/11/1959 |
- Fiscal Code :
BNDMRA59S19A060A |
|
|
|
Residence: |
|
Provinciale |
, 34/B |
- 25040 |
Corte Franca |
(BS) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
23/12/1987 |
|
|
|
Director |
29/04/2013 |
|
|
|
Managing Director |
24/10/2013 |
|
|
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Bonadei |
Giovanni |
|
|
|
Born in Adro |
(BS) |
on 21/02/1958 |
- Fiscal Code :
BNDGNN58B21A060M |
|
|
|
Residence: |
|
Manzoni |
, 2 |
- 24067 |
Sarnico |
(BG) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
23/12/1987 |
|
|
|
Director |
29/04/2013 |
|
|
|
Assistant board Chairman |
29/04/2013 |
|
|
|
Managing Director |
24/10/2013 |
|
|
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Bonadei |
Fabrizio |
|
|
|
Born in Brescia |
(BS) |
on 03/04/1969 |
- Fiscal Code :
BNDFRZ69D03B157P |
|
|
|
Residence: |
|
Del Dosso |
, 36 |
- 25036 |
Palazzolo sull'Oglio |
(BS) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
29/04/2013 |
|
|
|
Managing Director |
24/10/2013 |
|
|
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Bonadei |
Paolo |
|
|
|
Born in Palazzolo sull'Oglio |
(BS) |
on 04/01/1970 |
- Fiscal Code :
BNDPLA70A04G264O |
|
|
|
Residence: |
|
Solferino |
, 16 |
- 25122 |
Brescia |
(BS) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
29/04/2013 |
|
|
|
Managing Director |
24/10/2013 |
|
|
|
|
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.
|
|
Bonadei |
Federico |
|
Firm's Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Filati Filartex S.p.a. |
Palazzolo sull'Oglio (BS) - IT
- |
01543110173 |
Vice-Chairman |
Withdrawn |
Merged |
|
Filati Filartex S.p.a. |
Palazzolo sull'Oglio (BS) - IT
- |
01543110173 |
Director |
Withdrawn |
Merged |
|
Filati Filartex S.p.a. |
Palazzolo sull'Oglio (BS) - IT
- |
01543110173 |
Assistant
board Chairman |
Withdrawn |
Merged |
|
Filati Filartex S.p.a. |
Palazzolo sull'Oglio (BS) - IT
- |
01543110173 |
Board
Chairman |
Withdrawn |
Merged |
|
Golf Di Franciacorta S.p.a. |
Corte Franca (BS) - IT - |
01832560179 |
Director |
Active |
Registered |
|
Golf Di Franciacorta S.p.a. |
Corte Franca (BS) - IT - |
01832560179 |
Board
Chairman |
Active |
Registered |
|
|
Bonadei |
Mauro |
|
Firm's Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Filati Filartex S.p.a. |
Palazzolo sull'Oglio (BS) - IT
- |
01543110173 |
Director |
Withdrawn |
Merged |
|
Filati Filartex S.p.a. |
Palazzolo sull'Oglio (BS) - IT
- |
01543110173 |
Procurator |
Withdrawn |
Merged |
|
|
Bonadei |
Giovanni |
|
Firm's Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Filati Filartex S.p.a. |
Palazzolo sull'Oglio (BS) - IT
- |
01543110173 |
Director |
Withdrawn |
Merged |
|
Filati Filartex S.p.a. |
Palazzolo sull'Oglio (BS) - IT
- |
01543110173 |
Procurator |
Withdrawn |
Merged |
|
Filati Filartex S.p.a. |
Palazzolo sull'Oglio (BS) - IT
- |
01543110173 |
Assistant
board Chairman |
Withdrawn |
Merged |
|
|
Bonadei |
Fabrizio |
|
Firm's Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Filati Filartex S.p.a. |
Palazzolo sull'Oglio (BS) - IT
- |
01543110173 |
Director |
Withdrawn |
Merged |
|
|
Bonadei |
Paolo |
|
Firm's Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Filati Filartex S.p.a. |
Palazzolo sull'Oglio (BS) - IT
- |
01543110173 |
Director |
Withdrawn |
Merged |
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 |
|
Bonadei Mauro |
Corte Franca - IT - |
BNDMRA59S19A060A |
1.598.022
.Eur |
22,82 |
|
Bonadei Giovanni |
Sarnico - IT - |
BNDGNN58B21A060M |
1.598.022
.Eur |
22,82 |
|
Bonadei Fabrizio |
Palazzolo sull'Oglio - IT - |
BNDFRZ69D03B157P |
1.901.978
.Eur |
27,17 |
|
Bonadei Paolo |
Brescia - IT - |
BNDPLA70A04G264O |
1.901.978
.Eur |
27,17 |
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 |
|
Istituto Superiore Di
Formazione E Ricer ca 2000 Societa' Consortile Per Azioni, |
Brescia - IT - |
03063890176 |
530
.Eur |
0,09 |
|
|
Ceased |
Firm's location and structure
In order to carry out its
activities the firm uses the following locations:
|
- |
Legal
and operative seat |
|
|
|
|
|
|
|
Firenze |
, 13 |
- 25036 |
- Palazzolo sull'Oglio |
(BS) |
- IT - |
|
|
|
|
PHONE |
: 0307401612 |
|
|
|
|
FAX |
: 0307401661 |
|
- |
Branch |
(Factory) |
since 01/12/1999 |
|
|
|
|
|
|
Valle D'aosta |
, 5 |
- 25031 |
- Capriolo |
(BS) |
- IT - |
|
|
|
|
PHONE |
: 0307401612 |
|
- |
Branch |
(Factory) |
since 01/12/1999 |
|
|
|
|
|
|
Consolare |
, 69 |
- 25030 |
- Erbusco |
(BS) |
- IT - |
|
|
|
|
PHONE |
: 0307401612 |
|
- |
Branch |
(Factory) |
since 01/12/1999 |
|
|
|
|
|
|
G. Maffeis |
, 3 |
- 24060 |
- Montello |
(BG) |
- IT - |
|
- |
Branch |
(Factory) |
since 01/12/1999 |
|
|
|
|
|
|
G.b. Moroni |
, 12 |
- 24060 |
- Castelli Calepio |
(BG) |
- IT - |
|
|
|
|
Employees |
:
238 |
|
Fittings and Equipment for a
value of 6.740.000 |
Eur |
|
Stocks for a value of
28.120.000 |
Eur |
|
|
The firm operates abroad as
importer / exporter..
To purchase foreign products the
firm uses the following channels :
|
- national or foreign
important buyers |
Products abroad are placed by :
|
- its own agents |
Historical Information and/or Firm's Status
EX-MEMBERS
/ EX-POSITIONS:
|
|
Rossi |
Roberto |
|
|
|
Born in Villa Carcina |
(BS) |
on 30/01/1946 |
- Fiscal Code : RSSRRT46A30L919A |
|
|
|
Residence: |
|
Francesco Baracca |
, 26 |
- 25100 |
Brescia |
(BS) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Bonadei |
Giovanni |
|
|
|
Born in Adro |
(BS) |
on 21/02/1958 |
- Fiscal Code :
BNDGNN58B21A060M |
|
|
|
Residence: |
|
Manzoni |
, 2 |
- 24067 |
Sarnico |
(BG) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
Bonadei |
Fabrizio |
|
|
|
Born in Brescia |
(BS) |
on 03/04/1969 |
- Fiscal Code :
BNDFRZ69D03B157P |
|
|
|
Residence: |
|
Del Dosso |
, 36 |
- 25036 |
Palazzolo sull'Oglio |
(BS) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
Bonadei |
Paolo |
|
|
|
Born in Palazzolo sull'Oglio |
(BS) |
on 04/01/1970 |
- Fiscal Code :
BNDPLA70A04G264O |
|
|
|
Residence: |
|
Solferino |
, 16 |
- 25122 |
Brescia |
(BS) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
Galignani |
Andrea |
|
|
|
Born in Palazzolo sull'Oglio |
(BS) |
on 10/12/1938 |
- Fiscal Code :
GLGNDR38T10G264F |
|
|
|
Residence: |
|
Galignani |
, 26 |
- 25036 |
Palazzolo sull'Oglio |
(BS) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Tinti |
Giuseppe |
|
|
|
Born in Palazzolo sull'Oglio |
(BS) |
on 20/02/1934 |
- Fiscal Code :
TNTGPP34B20G264B |
|
|
|
Residence: |
|
Gavazzino |
, 1 |
- 25036 |
Palazzolo sull'Oglio |
(BS) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Fratus |
Eugenio |
|
|
|
Born in Telgate |
(BG) |
on 18/07/1946 |
- Fiscal Code :
FRTGNE46L18L087U |
|
|
|
Residence: |
|
Manzoni |
, 4 |
- 24060 |
Telgate |
(BG) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Bonadei |
Roberto |
|
|
|
Born in Adro |
(BS) |
on 28/07/1938 |
- Fiscal Code :
BNDRRT38L28A060I |
|
|
|
Residence: |
|
Del Dosso |
, 38 |
- 25036 |
Palazzolo sull'Oglio |
(BS) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Bonadei |
Romano |
|
|
|
Born in Adro |
(BS) |
on 27/07/1936 |
- Fiscal Code : BNDRMN36L27A060I |
|
|
|
Residence: |
|
Trento |
, 11 |
- 25100 |
Brescia |
(BS) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Galignani |
Antonio
Giovanni |
|
|
|
Born in Sarnico |
(BG) |
on 28/11/1972 |
- Fiscal Code :
GLGNNG72S28I437N |
|
|
|
Residence: |
|
Mazzini |
, 8/G |
- 25036 |
Palazzolo sull'Oglio |
(BS) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Rossi |
Luca |
|
|
|
Born in Brescia |
(BS) |
on 13/04/1971 |
- Fiscal Code :
RSSLCU71D13B157A |
|
|
|
Residence: |
|
Fratelli Ugoni |
, 4 |
- 25126 |
Brescia |
(BS) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Ongaro |
Franco |
|
|
|
Born in BERGAMO |
(BG) |
on 23/07/1917 |
- Fiscal Code :
NGRFNC17L23A794M |
|
|
|
Residence: |
|
T. TASSO |
, 50/A |
- 24100 |
Bergamo |
(BG) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
CEASINGS/INCORPORATIONS/MERGES:
|
|
The
firm absorved |
|
|
|
|
Maver S.p.a.
|
|
|
|
Palazzolo |
, 42 |
, 25030 |
, Coccaglio (BS) |
- IT - |
|
|
|
Fiscal Code: 00999200173 |
|
|
|
Date |
: |
12/06/1990 |
|
|
The
firm absorved |
|
|
|
|
|
|
|
|
Firenze |
, 13 |
, 25036 |
, Palazzolo sull'Oglio |
(BS) |
- IT - |
|
|
|
Fiscal Code: 01543110173 |
|
|
|
Date |
: |
25/11/1999 |
|
|
The
firm absorved |
|
|
|
Maver
S.p.a. |
|
|
|
|
Palazzolo |
, 42 |
, 25030 |
, Coccaglio (BS) |
- IT - |
|
|
|
Fiscal Code: 00999200173 |
|
|
|
Date |
: |
12/06/1990 |
|
|
The
firm absorved |
|
|
|
|
|
|
|
|
Firenze |
, 13 |
, 25036 |
, Palazzolo sull'Oglio |
(BS) |
- IT - |
|
|
|
Fiscal Code: 01543110173 |
|
|
|
Date |
: |
25/11/1999 |
|
|
The
firm absorbed by merging of |
|
|
|
|
|
|
|
|
Palazzolo |
, 42 |
, 25030 |
, Coccaglio (BS) |
- IT - |
|
|
|
Fiscal Code: 00999200173 |
|
|
|
Date |
: |
12/06/1990 |
|
|
Project
of merging by taking over of |
|
|
|
|
|
|
|
|
Firenze |
, 13 |
, 25036 |
, Palazzolo sull'Oglio |
(BS) |
- IT - |
|
|
|
Fiscal Code: 01543110173 |
|
|
|
Date |
Merging/splitting-up project: |
28/04/1999 |
|
|
The
firm absorbed by merging of |
|
|
|
Filati
Filartex S.p.a. |
|
|
|
|
Firenze |
, 13 |
, 25036 |
, Palazzolo sull'Oglio |
(BS) |
- IT - |
|
|
|
Fiscal Code: 01543110173 |
|
|
|
Date |
: |
25/11/1999 |
|
|
Splitting-up
project and setting-up of new co |
|
|
|
Date |
Merging/Splitting-up
Project-New Company: |
13/06/2001 |
|
|
Splitting-up
and setting-up of a new company |
|
|
|
INVESTIMENTI
IMMOBILIARI LOMBARDI S.P.A. |
|
|
|
Fiscal Code: 12875640158 |
|
|
|
Date |
Splitting-up: |
20/12/2001 |
|
|
Project
of merging by taking over of |
|
|
|
Tecnoimmobiliare
S.p.a. |
|
|
|
|
Firenze |
, 13 |
, 25036 |
, Palazzolo sull'Oglio |
(BS) |
- IT - |
|
|
|
Fiscal Code: 02246110981 |
|
|
|
Date |
Merging/splitting-up project: |
15/06/2007 |
|
|
The
firm absorbed by merging of |
|
|
|
Tecnoimmobiliare
S.p.a. |
|
|
|
|
Firenze |
, 13 |
, 25036 |
, Palazzolo sull'Oglio |
(BS) |
- IT - |
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Fiscal Code: 02246110981 |
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Date |
: |
25/10/2007 |
Protests
Protests checking on the subject
firm has given a negative result.
Data Base Prejudicial Events
Search
Search performed on a National
Scale
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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 1974.
The eonomic-financial analysis
is based on the latest 3 b/s.
In the economic management ,
good and bad results followed on by turns. with a negative economic result in
the last financial year.
The return on Investment in the
last financial year was positive (0,42%) falling within the field's average.
The operating result is positive
and amounts to Eur. 325.595 showing an upward trend more then 100% compared to
the previous financial year.
A gross operating margine for a
value of Eur. 1.946.163 was reached. with a more then 100% increase as opposed
to the preceding year.
Company's financial status is
balanced since indebtedness is not high (1,05) but with an increase as against
the previous accounting period.
With regard to equity capital,
an amount of Eur. 26.999.451 is registered. on stable levels.
During the last financial year
debts totalled Eur. 40.611.521 (Eur. 12.180.067 of which were m/l term debts)
with no important change.
The exposure towards banks is
slightly high, the recourse to suppliers' credit is limited below the sector's
average.
The liquidity level is positive
(1,53).
Trade credits are collected
slowly, average term is 147,57 days. even higher than the average of the
specific sector.
Eur. 1.000.148 is the value of
cash flow during the year 2013
In the last financial year
labour cost was of Eur. 6.008.773, with a 17,34% incidence on total costs of
production. , whereas the incidence on sales revenues is of 17,6%.
The financial management is
marked by a high incidence of financial charges in relation to sales revenues
(-3,51%).
Financial Data
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Complete balance-sheet for the
year |
al 31/12/2013 |
(in Eur |
x 1) |
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Item Type |
Value |
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Sales |
34.144.417 |
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Profit (Loss) for the period |
-603.963 |
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Complete balance-sheet for the
year |
al 31/12/2012 |
(in Eur |
x 1) |
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Item Type |
Value |
|
Sales |
35.692.479 |
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Profit (Loss) for the period |
-1.920.756 |
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Complete balance-sheet for the
year |
al 31/12/2011 |
(in Eur |
x 1) |
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Item Type |
Value |
|
Sales |
48.081.569 |
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Profit (Loss) for the period |
501.727 |
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Complete balance-sheet for the
year |
al 31/12/2010 |
(in Eur |
x 1) |
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Item Type |
Value |
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Sales |
42.080.113 |
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Profit (Loss) for the period |
123.149 |
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Complete balance-sheet for the
year |
al 31/12/2009 |
(in Eur |
x 1) |
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Item Type |
Value |
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Sales |
25.449.222 |
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Profit (Loss) for the period |
-1.323.451 |
Balance Sheets
From our constant monitoring of
the relevant Public Administration offices, no more recent balance sheets
result to have been filed.
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Balance Sheet as at 31/12/2013 - 12 Mesi - Currency: - Amounts x 1 |
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Balance Sheet as at 31/12/2012 - 12 Mesi - Currency: - Amounts x 1 |
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Balance Sheet as at 31/12/2011 - 12 Mesi - Currency: - Amounts x 1 |
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RATIOS |
Value Type |
as
at 31/12/2013 |
as
at 31/12/2012 |
as
at 31/12/2011 |
Sector
Average |
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COMPOSITION
ON INVESTMENT |
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Rigidity Ratio |
Units |
0,43 |
0,44 |
0,43 |
0,22 |
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Elasticity Ratio |
Units |
0,57 |
0,56 |
0,57 |
0,75 |
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Availability of stock |
Units |
0,37 |
0,36 |
0,33 |
0,23 |
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Total Liquidity Ratio |
Units |
0,20 |
0,20 |
0,23 |
0,45 |
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Quick Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,02 |
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COMPOSITION
ON SOURCE |
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Net Short-term indebtedness |
Units |
1,05 |
0,88 |
0,87 |
1,65 |
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Self Financing Ratio |
Units |
0,35 |
0,36 |
0,37 |
0,30 |
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Capital protection Ratio |
Units |
0,76 |
0,82 |
0,75 |
0,79 |
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Liabilities consolidation
quotient |
Units |
0,55 |
0,77 |
0,72 |
0,20 |
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Financing |
Units |
1,50 |
1,43 |
1,39 |
2,05 |
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Permanent Indebtedness Ratio |
Units |
0,56 |
0,61 |
0,60 |
0,45 |
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M/L term Debts Ratio |
Units |
0,20 |
0,24 |
0,23 |
0,11 |
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Net Financial Indebtedness
Ratio |
Units |
1,30 |
1,25 |
1,16 |
0,57 |
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CORRELATION |
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Fixed assets ratio |
Units |
1,29 |
1,38 |
1,40 |
1,60 |
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Current ratio |
Units |
1,53 |
1,75 |
1,75 |
1,27 |
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Acid Test Ratio-Liquidity
Ratio |
Units |
0,54 |
0,63 |
0,72 |
0,84 |
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Structure's primary quotient |
Units |
0,81 |
0,83 |
0,86 |
1,11 |
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Treasury's primary quotient |
Units |
0,00 |
0,00 |
0,00 |
0,04 |
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Rate of indebtedness (
Leverage ) |
% |
283,90 |
276,33 |
270,64 |
327,18 |
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Current Capital ( net ) |
Value |
14.986.145 |
18.381.700 |
19.389.592 |
870.113 |
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RETURN |
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Return on Sales |
% |
2,93 |
-0,78 |
5,90 |
1,60 |
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Return on Equity - Net- (
R.O.E. ) |
% |
-2,24 |
-6,96 |
1,70 |
0,47 |
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Return on Equity - Gross - (
R.O.E. ) |
% |
-3,01 |
-7,01 |
2,62 |
2,85 |
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Return on Investment ( R.O.I.
) |
% |
0,42 |
-1,02 |
2,21 |
2,55 |
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Return/ Sales |
% |
0,95 |
-2,19 |
3,67 |
2,66 |
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Extra Management
revenues/charges incid. |
% |
-185,50 |
n.c. |
28,46 |
14,76 |
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Cash Flow |
Value |
1.000.148 |
-280.125 |
2.836.445 |
47.325 |
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Operating Profit |
Value |
325.595 |
-780.782 |
1.762.809 |
69.715 |
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Gross Operating Margin |
Value |
1.946.163 |
876.041 |
4.114.931 |
147.816 |
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MANAGEMENT |
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Credits to clients average
term |
Days |
147,57 |
143,31 |
125,46 |
114,56 |
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Debts to suppliers average
term |
Days |
50,59 |
40,19 |
37,62 |
113,59 |
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Average stock waiting period |
Days |
296,44 |
276,03 |
199,34 |
93,83 |
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Rate of capital employed
return ( Turnover ) |
Units |
0,45 |
0,47 |
0,60 |
0,96 |
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Rate of stock return |
Units |
1,21 |
1,30 |
1,81 |
3,84 |
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Labour cost incidence |
% |
17,60 |
17,66 |
16,43 |
15,62 |
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Net financial revenues/
charges incidence |
% |
-3,51 |
-3,29 |
-2,10 |
-1,87 |
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Labour cost on purchasing
expenses |
% |
17,34 |
16,25 |
16,01 |
14,72 |
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Short-term financing charges |
% |
2,95 |
2,99 |
2,51 |
3,34 |
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Capital on hand |
% |
224,49 |
213,70 |
166,19 |
104,51 |
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Sales pro employee |
Value |
143.463 |
148.409 |
195.453 |
218.478 |
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Labour cost pro employee |
Value |
25.246 |
26.209 |
32.106 |
32.758 |
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
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Population living in the
province |
: |
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Population living in the
region |
: |
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Number of families in the
region |
: |
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Monthly family expences average
in the region (in Eur..) :
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- per food products |
: |
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- per non food products |
: |
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- per energy consume |
: |
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Sector Data
The values are calculated on a
base of 634 significant companies.
The companies cash their credits
on an average of 115 dd.
The average duration of
suppliers debts is about 114 dd.
The sector's profitability is on
an average of 1,60%.
The labour cost affects the
turnover in the measure of 15,62%.
Goods are held in stock in a
range of 94 dd.
The difference between the sales
volume and the resources used to realize it is about 0,96.
The employees costs represent
the 14,72% of the production costs.
Statistical Detrimental Data
Statistically the trade activity
passes through serious crises.
The area is statistically
considered moderately risky.
In the region 50.886 protested
subjects are found; in the province they count to 5.551.
The insolvency index for the
region is 0,55, , while for the province it is 0,48.
Total Bankrupt companies in the
province : 3.452.
Total Bankrupt companies in the
region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.86 |
|
|
1 |
Rs.102.67 |
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Euro |
1 |
Rs.81.69 |
INFORMATION DETAILS
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Analysis Done by
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SUB |
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Report Prepared
by : |
PDT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.