MIRA
INFORM REPORT
|
Report Date : |
31.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
VIPA S.P.A. |
|
|
|
|
Registered Office : |
Via Abetone, 20/22, 41012 – |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
29.12.1973 |
|
|
|
|
Legal Form : |
Joint Stock
Company |
|
|
|
|
Line of Business : |
Wholesale of Furniture, Rugs and Lighting Equipment. |
|
|
|
|
No. of Employees : |
72 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 |
Company name & address
VIPA S.P.A.
Via Abetone, 20/22
41012 - Carpi (MO) -IT-
Summary
|
Fiscal Code |
: |
00007080369 |
|
Legal Form |
: |
Joint stock company |
|
Foundation Date |
: |
29/12/1973 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
25.000.000/35.000.000 |
|
Number of Employees |
: |
from 71 to 90 |
Activity
Wholesale of furniture, rugs and lighting equipment
Legal Data
Legal Form : Joint stock company
|
Fiscal Code : 00007080369 |
|
Foreign Trade Reg. no. : MO007110 since 08/01/1992 |
|
Foreign Trade Reg. no. : 7110 of Modena since 08/01/1992 |
|
Chamber of Commerce no. : 160574 of Modena since 30/01/1974 |
|
Chamber of Commerce no. : 193822 of Reggio Emilia |
|
Firms' Register : MO023-7266 of Modena since 19/02/1996 |
|
V.A.T. Code : 00007080369 |
|
Foundation date |
: 29/12/1973 |
|
|
Establishment date |
: 29/12/1973 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 1.033.000 |
|
|
Subscribed Capital |
: 1.033.000 |
|
|
Paid up Capital |
: 1.033.000 |
|
Members
|
|
Vaccari |
Leandrina |
|
|
|
Born in Soliera |
(MO) |
on 12/04/1938 |
- Fiscal Code : VCCLDR38D52I802M |
|
|
|
Residence: |
|
Lenin |
, 52 |
- 41012 |
Carpi |
(MO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/06/2013 |
|
|
|
Board Chairman |
28/06/2013 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Poppi |
Paolo |
|
|
|
Born in Soliera |
(MO) |
on 04/01/1960 |
- Fiscal Code : PPPPLA60A04I802T |
|
|
|
Residence: |
|
Delle Querce |
, 34 |
- 41019 |
Soliera |
(MO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/06/2013 |
|
|
|
Partner |
|
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Poppi |
Vilson |
|
|
|
Born in Soliera |
(MO) |
on 19/09/1955 |
- Fiscal Code : PPPVSN55P19I802M |
|
|
|
Residence: |
|
Borsellino |
, 42 |
- 42047 |
Rolo |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/06/2013 |
|
|
|
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.
|
|
Vaccari |
Leandrina |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Valp S.a.s. Di Vaccari Leandrina |
Carpi (MO) - IT - |
02688040365 |
General Partner |
Active |
Registered |
|
Fervit Fasteners S.p.a. |
Modena (MO) - IT - |
03282480403 |
Sole Director |
Active |
Registered |
|
Vipa Group Srl |
Carpi (MO) - IT - |
03234590366 |
Director |
Active |
Registered |
|
Vipa Group Srl |
Carpi (MO) - IT - |
03234590366 |
Board Chairman |
Active |
Registered |
|
Immobiliare Piemme S.r.l. |
Rolo (RE) - IT - |
02473620355 |
Sole Director |
Active |
Registered |
The indication "REGISTERED" as Firm Status could refer to
Firms in Liquidation, Active, Inactive, etc.
For more information, in this case, we advise to request further
investigations.
Capital Shareholders
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Vaccari Leandrina |
Carpi - IT - |
VCCLDR38D52I802M |
516.500 .Eur |
50,00 |
|
Poppi Paolo |
Soliera - IT - |
PPPPLA60A04I802T |
516.500 .Eur |
50,00 |
|
Poppi Vilson |
Rolo - IT - |
PPPVSN55P19I802M |
516.500 .Eur |
50,00 |
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 |
|
Vipa Group Srl |
Carpi - IT - |
03234590366 |
12.000 .Eur |
100,00 |
|
|
Active |
|
Consorzio Indipendente Per I Servizi All 'impresa |
|
08458740969 |
100 .Eur |
0,83 |
|
|
Active |
Firm's location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
since 16/03/1981 |
|
|
|
|
|
|
Abetone |
, 20/22 |
- 41012 |
- Carpi |
(MO) |
- IT - |
|
|
|
|
PHONE |
: 059688727 |
|
|
|
|
PHONE |
: 0522658900 |
|
- |
Branch |
(Point of sale) |
since 08/01/2001 |
|
|
|
|
|
|
Cantonazzo |
, 20/23 |
- 42047 |
- Rolo |
(RE) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 01/01/2008 |
|
|
|
|
|
|
Cantonazzo |
, SNC |
- 42047 |
- Rolo |
(RE) |
- IT - |
|
|
|
|
Employees |
: 72 |
|
|
|
|
Assistants |
: 1 |
|
Fittings and Equipment for a value of 150.000 |
Eur |
|
Stocks for a value of 10.600.000 |
Eur |
|
|
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 :
|
- its own agents |
|
- direct orders from foreign companies |
Export is mainly towards:
|
- Ireland |
|
- Italy |
Historical Information and/or
Firm's Status
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
General partnership |
Joint stock company |
06/05/1998 |
COMPANY STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Vipa di Poppi Adelio eamp; C. Snc |
|
06/05/1998 |
EX-MEMBERS / EX-POSITIONS:
|
|
Sala |
Aronne |
|
|
|
Born in Carpi |
(MO) |
on 05/03/1947 |
- Fiscal Code : SLARNN47C05B819U |
|
|
|
Residence: |
|
Malatesta |
, 3/A |
- 41012 |
Carpi |
(MO) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Delfini |
Leonida |
|
|
|
Born in Carpi |
(MO) |
on 12/09/1937 |
- Fiscal Code : DLFLND37P12B819A |
|
|
|
Residence: |
|
Del Pesco |
, 27 |
- 41012 |
Carpi |
(MO) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Vaccari |
Leandrina |
|
|
|
Born in Soliera |
(MO) |
on 12/04/1938 |
- Fiscal Code : VCCLDR38D52I802M |
|
|
|
Residence: |
|
Lenin |
, 52 |
- 41012 |
Carpi |
(MO) |
- IT - |
|
Ex-Postions |
|
Partner |
|
Assistant board Chairman |
|
|
Poppi |
Paolo |
|
|
|
Born in Soliera |
(MO) |
on 04/01/1960 |
- Fiscal Code : PPPPLA60A04I802T |
|
|
|
Residence: |
|
Delle Querce |
, 34 |
- 41019 |
Soliera |
(MO) |
- IT - |
|
Ex-Postions |
|
Partner |
|
|
Giacon |
Giorgio |
|
|
|
Born in San Remo |
(IM) |
on 29/03/1946 |
- Fiscal Code : GCNGRG46C29I138A |
|
|
|
Residence: |
|
A. Lugu |
, 8 |
- 41012 |
Carpi |
(MO) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
Bergianti |
Paolo |
|
|
|
Born in Carpi |
(MO) |
on 25/01/1962 |
- Fiscal Code : BRGPLA62A25B819W |
|
|
|
Residence: |
|
Mazzini |
, 11 |
- 42015 |
Correggio |
(RE) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Poppi |
Adelio |
|
|
|
Born in Soliera |
(MO) |
on 09/06/1931 |
- Fiscal Code : PPPDLA31H09I802C |
|
|
|
Residence: |
|
Lenin |
, 52 |
- 41012 |
Carpi |
(MO) |
- IT - |
|
Ex-Postions |
|
Director |
|
Board Chairman |
CEASINGS/INCORPORATIONS/MERGES
|
|
Project of splitting-up and tranfer into |
|
|
|
|
|
|
|
|
Abetone |
, 20/22 |
, 41012 |
, Carpi |
(MO) |
- IT - |
|
|
|
Fiscal Code: 02688040365 |
|
|
|
Date |
Merging/splitting-up project: |
15/10/2001 |
|
|
Splitting-up and transfer of assets to |
|
|
|
Valp S.a.s. Di Vaccari Leandrina |
|
|
|
|
Abetone |
, 20/22 |
, 41012 |
, Carpi |
(MO) |
- IT - |
|
|
|
Fiscal Code: 02688040365 |
|
|
|
Date |
Splitting-up: |
04/03/2002 |
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 1973.
The economic-financial analysis has been made on the base of the b/s of
the latests three years.
During the last years, it achieved profits (r.o.e. 7,18% on 2012)
The operating result in 2012 was positive (6,97%) and in line with the
sector's average.
The operating result is positive and amounts to Eur. 2.522.272 , with no
sizeable change as opposed to the year before.
A gross operating margine for a value of Eur. 2.758.885 was reached.
stable if compared to the financial year 2011.
The company has an excellent net worth if compared to its debts, with a
low indebtedness (0,28) lower than in 2011.
The equity capital is equal to Eur. 24.926.352 on stable levels.
Total debts recorded amounted to Eur. 10.442.457 (Eur. 1.010.865 of
which were m/l term debts) , with no sensible variation.
Bank exsposure is limited and the suppliers' credit is modest too, 68,41
gg. is the payment average period which is also lower than the sector average.
The management determines a good range of liquidity.
Accounts receivable average term is high (126,45 days). , as it normally
happens in the sector.
As far as the cash flow is concerned during the latest financial year it
amounted to Eur. 2.026.567
During 2012 financial year labour costs amounted to Eur. 2.860.336, with
a 11,5% incidence on production costs. , whereas the incidence of such costs on
sales revenues is equal to 10,4%.
Limited financial charges in relation to sales volume.
Financial Data
|
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
27.499.358 |
|
Profit (Loss) for the period |
1.789.954 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
31.166.215 |
|
Profit (Loss) for the period |
1.343.636 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
27.539.907 |
|
Profit (Loss) for the period |
3.439.870 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
22.151.496 |
|
Profit (Loss) for the period |
422.777 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
35.695.099 |
|
Profit (Loss) for the period |
1.800.257 |
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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|
|
MEMORANDUM ACCOUNTS |
|
Third party goods |
|
|
|
|
Investment accounts |
|
15.202.668 |
|
|
Risk accounts |
|
72.414 |
|
|
Civil and fiscal norms relation |
|
|
|
|
PROFIT AND LOSS ACCOUNTS |
|
VALUE OF PRODUCTION |
|
|
|
|
. Revenues from sales and services |
27.499.358 |
31.166.214 |
27.539.907 |
|
. Changes in work in progress |
-140.600 |
42.207 |
174.067 |
|
. Changes in semi-manufact. products |
|
|
|
|
. Capitalization of internal work |
|
|
|
|
. Other income and revenues |
37.619 |
64.795 |
41.759 |
|
. . Contributions for operating expenses |
14.544 |
14.681 |
11.722 |
|
. . Different income and revenues |
23.075 |
50.114 |
30.037 |
|
Total value of production |
27.396.377 |
31.273.216 |
27.755.733 |
|
PRODUCTION COSTS |
|
|
|
|
. Raw material,other materials and consum. |
15.611.875 |
25.164.708 |
9.934.968 |
|
. Services received |
|
|
3.422.455 |
|
. Leases and rentals |
6.079.091 |
6.423.905 |
1.962.520 |
|
. Payroll and related costs |
2.860.336 |
2.785.421 |
2.569.227 |
|
. . Wages and salaries |
2.041.326 |
2.028.410 |
1.825.540 |
|
. . Social security contributions |
669.423 |
616.079 |
606.422 |
|
. . Employee termination indemnities |
149.587 |
140.932 |
137.265 |
|
. . Pension and similar |
|
|
|
|
. . Other costs |
|
|
|
|
. Amortization and depreciation |
236.613 |
207.606 |
207.636 |
|
. . Amortization of intangible fixed assets |
62.907 |
56.514 |
58.258 |
|
. . Amortization of tangible fixed assets |
107.649 |
98.013 |
88.312 |
|
. . Depreciation of tangible fixed assets |
|
|
|
|
. . Writedown of current receiv.and of liquid |
66.057 |
53.079 |
61.066 |
|
. Changes in raw materials |
-191.698 |
-5.889.227 |
4.054.975 |
|
. Provisions to risk reserves |
|
|
|
|
. Other provisions |
|
|
|
|
. Other operating costs |
277.888 |
305.841 |
254.645 |
|
Total production costs |
24.874.105 |
28.998.254 |
22.406.426 |
|
Diff. between value and cost of product. |
2.522.272 |
2.274.962 |
5.349.307 |
|
FINANCIAL INCOME AND EXPENSE |
|
|
|
|
. Income from equity investments |
|
|
|
|
. . In subsidiary companies |
|
|
|
|
. . In associated companies |
|
|
|
|
. . In other companies |
|
|
|
|
. Other financial income |
57.464 |
44.420 |
7.789 |
|
. . Financ.income from receivables |
|
|
|
|
. . . 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 |
57.464 |
44.420 |
|
|
. . . - Subsidiary companies |
|
|
|
|
. . . - Associated companies |
|
|
|
|
. . . - Holding companies |
|
|
|
|
. . . - Other companies |
57.464 |
44.420 |
|
|
. Interest and other financial expense |
-265.297 |
-252.556 |
-255.110 |
|
. . Towards subsidiary companies |
|
|
|
|
. . Towards associated companies |
|
|
|
|
. . Towards holding companies |
|
|
|
|
. . Towards other companies |
265.297 |
252.556 |
|
|
Total financial income and expense |
-207.833 |
-208.136 |
-247.321 |
|
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 |
609.142 |
52.861 |
91.567 |
|
. . Gains on disposals |
|
|
|
|
. . Other extraordinary income |
609.142 |
52.861 |
91.567 |
|
. Extraordinary expense |
-249.988 |
-14.598 |
-17.657 |
|
. . Losses on disposals |
|
|
|
|
. . Taxes relating to prior years |
-11.059 |
|
|
|
. . Other extraordinary expense |
-238.929 |
-14.598 |
-17.657 |
|
Total extraordinary income and expense |
359.154 |
38.263 |
73.910 |
|
Results before income taxes |
2.673.593 |
2.105.089 |
5.175.896 |
|
. Taxes on current income |
883.639 |
761.453 |
1.736.026 |
|
. . current taxes |
883.639 |
761.453 |
1.736.026 |
|
. . differed taxes(anticip.) |
|
|
|
|
. Net income for the period |
1.789.954 |
1.343.636 |
3.439.870 |
|
. Adjustments in tax regulations pursuance |
|
|
|
|
. Provisions in tax regulations pursuance |
|
|
|
|
. Profit (loss) of the year |
1.789.954 |
1.343.636 |
3.439.870 |
|
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 |
0,08 |
0,07 |
0,11 |
0,09 |
|
Elasticity Ratio |
Units |
0,88 |
0,86 |
0,82 |
0,89 |
|
Availability of stock |
Units |
0,29 |
0,30 |
0,16 |
0,26 |
|
Total Liquidity Ratio |
Units |
0,58 |
0,56 |
0,66 |
0,54 |
|
Quick Ratio |
Units |
0,07 |
0,03 |
0,17 |
0,03 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
0,28 |
0,42 |
0,05 |
3,95 |
|
Self Financing Ratio |
Units |
0,69 |
0,66 |
0,76 |
0,17 |
|
Capital protection Ratio |
Units |
0,89 |
0,90 |
0,79 |
0,62 |
|
Liabilities consolidation quotient |
Units |
0,13 |
0,02 |
0,04 |
0,10 |
|
Financing |
Units |
0,42 |
0,47 |
0,28 |
4,85 |
|
Permanent Indebtedness Ratio |
Units |
0,72 |
0,67 |
0,77 |
0,29 |
|
M/L term Debts Ratio |
Units |
0,03 |
0,01 |
0,01 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
0,14 |
0,28 |
0,00 |
1,04 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
8,72 |
9,44 |
7,31 |
2,37 |
|
Current ratio |
Units |
3,37 |
2,74 |
3,90 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
2,24 |
1,77 |
3,13 |
0,80 |
|
Structure's primary quotient |
Units |
8,32 |
9,35 |
7,24 |
1,48 |
|
Treasury's primary quotient |
Units |
0,26 |
0,11 |
0,80 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
145,12 |
150,74 |
131,49 |
602,26 |
|
Current Capital ( net ) |
Value |
22.328.374 |
19.014.835 |
17.451.132 |
191.984 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
7,37 |
4,98 |
13,24 |
2,03 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
7,18 |
5,81 |
15,78 |
6,31 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
10,73 |
9,10 |
23,75 |
17,00 |
|
Return on Investment ( R.O.I. ) |
% |
6,97 |
6,52 |
18,67 |
4,18 |
|
Return/ Sales |
% |
9,17 |
7,30 |
19,42 |
3,46 |
|
Extra Management revenues/charges incid. |
% |
70,97 |
59,06 |
64,30 |
27,96 |
|
Cash Flow |
Value |
2.026.567 |
1.551.242 |
3.647.506 |
44.823 |
|
Operating Profit |
Value |
2.522.272 |
2.274.962 |
5.349.307 |
74.603 |
|
Gross Operating Margin |
Value |
2.758.885 |
2.482.568 |
5.556.943 |
111.383 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
126,45 |
129,35 |
147,79 |
113,70 |
|
Debts to suppliers average term |
Days |
68,41 |
34,77 |
86,07 |
118,14 |
|
Average stock waiting period |
Days |
138,83 |
121,90 |
60,42 |
72,90 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,76 |
0,89 |
0,96 |
1,25 |
|
Rate of stock return |
Units |
2,59 |
2,95 |
5,96 |
4,88 |
|
Labour cost incidence |
% |
10,40 |
8,94 |
9,33 |
8,14 |
|
Net financial revenues/ charges incidence |
% |
-0,76 |
-0,67 |
-0,90 |
-1,38 |
|
Labour cost on purchasing expenses |
% |
11,50 |
9,61 |
11,47 |
8,25 |
|
Short-term financing charges |
% |
2,54 |
2,31 |
4,24 |
2,76 |
|
Capital on hand |
% |
131,54 |
111,90 |
104,05 |
79,85 |
|
Sales pro employee |
Value |
308.981 |
358.232 |
417.271 |
397.742 |
|
Labour cost pro employee |
Value |
32.138 |
32.016 |
38.927 |
33.267 |
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 |
: |
|
Monthly 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 9.175 significant companies.
The companies cash their credits on an average of 114 dd.
The average duration of suppliers debts is about 118 dd.
The sector's profitability is on an average of 2,03%.
The labour cost affects the turnover in the measure of 8,14%.
Goods are held in stock in a range of 73 dd.
The difference between the sales volume and the resources used to
realize it is about 1,25.
The employees costs represent the 8,25% 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 18.860 protested subjects are found; in the province they
count to 3.557.
The insolvency index for the region is 0,46, , while for the province it
is 0,55.
Total Bankrupt companies in the province : 2.526.
Total Bankrupt companies in the region : 14.698.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.15 |
|
|
1 |
Rs.101.92 |
|
Euro |
1 |
Rs.80.64 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.