MIRA INFORM REPORT
|
Report Date : |
07.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
CITTERIO S.P.A. |
|
|
|
|
Registered Office : |
Via S.vittore, 47 20123 - Milano (MI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
03.07.1989 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
Manufacture of Furniture |
|
|
|
|
No. of Employees |
from 71 to 90 |
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 : |
Slow but Correct |
|
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, 2014
|
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 |
Company
name and address
CITTERIO S.P.A.
Via S.vittore, 47
20123 - Milano (MI) -IT-
Summary
|
Fiscal Code |
: |
09754660158 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
03/07/1989 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
12.750.000/15.500.000 |
|
Number of Employees |
: |
from 71 to 90 |
|
n.b.: The Creditworthness Rate shows, in percentage, the ratio between
the suggested credit opinion and the credit amount that the firm could get if
the financial situation would be completely positive. |
Activity
MANUFACTURE OF FURNITURE
Legal
Data
Legal Form : Joint stock company
|
Fiscal Code : 09754660158 |
|
Foreign Trade Reg. no. : MI152062 since 09/04/1992 |
|
Foreign Trade Reg. no. : 152062 of Milano since 09/04/1992 |
|
Chamber of Commerce no. : 221815 of Lecco |
|
Chamber of Commerce no. : 1315033 of Milano since 21/08/1989 |
|
Chamber of Commerce no. : 221815 of Lecco |
|
Firms' Register : MI146-295532 of Milano since 19/02/1996 |
|
V.A.T. Code : 09754660158 |
|
Tribunal Co. Register : 295532 of |
|
Foundation date |
: 03/07/1989 |
|
|
Establishment date |
: 03/07/1989 |
|
|
Start of Activities |
: 03/07/1989 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 5.150.000 |
|
|
Subscribed Capital |
: 4.120.000 |
|
|
Paid up Capital |
: 4.120.000 |
Members
|
|
Molteni |
Maria Angela |
|
|
Born in Milano |
(MI) |
on 23/09/1957 |
- Fiscal Code : MLTMNG57P63F205K |
|
|
Residence: |
Lecco |
, 29 |
- 20900 |
Monza |
(MB) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
14/05/2013 |
||
|
Board Chairman |
14/05/2013 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Citterio |
Antonio |
|
|
Born in Giussano |
(MB) |
on 11/09/1934 |
- Fiscal Code : CTTNTN34P11E063H |
|
|
Residence: |
Don Minzoni |
, 4 |
- 20034 |
Giussano |
(MB) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
14/05/2013 |
||
|
Managing Director |
14/05/2013 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Molteni |
Andrea Angelo Mario |
|
|
Born in Milano |
(MI) |
on 07/12/1977 |
- Fiscal Code : MLTNRN77T07F205Z |
|
|
Residence: |
Brera |
, 9 |
- 20121 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
14/05/2013 |
|
|
Citterio |
Marzio |
|
|
Born in Giussano |
(MB) |
on 09/06/1960 |
- Fiscal Code : CTTMRZ60H09E063Y |
|
|
Residence: |
Francisco Silvela |
, 6 |
Madrid |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
14/05/2013 |
|
|
Molteni S.p.a. |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Tentorio |
Franco |
|
|
Born in Lecco |
(CO) |
on 22/10/1961 |
- Fiscal Code : TNTFNC61R22E507D |
|
|
Residence: |
Coubertin |
, 4/17 |
- 23848 |
Oggiono |
(LC) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
04/05/2009 |
||
|
Attorney with special power |
19/05/2005 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Veggetti |
Vittorio |
|
|
Born in Bologna |
(BO) |
on 08/11/1962 |
- Fiscal Code : VGGVTR62S08A944J |
|
|
Residence: |
Foppa |
, 4 |
- 24030 |
Bergamo |
(BG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
General Director |
19/05/2004 |
||
|
Procurator |
05/11/2013 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Molteni |
Piero |
|
|
Born in Giussano |
(MB) |
on 12/05/1945 |
- Fiscal Code : MLTPRI45E12E063R |
|
|
Residence: |
Visconti Di Modrone Uberto |
, 38 |
- 20122 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
14/05/2013 |
|
|
Molteni |
Carlo |
|
|
Born in Giussano |
(MB) |
on 03/03/1943 |
- Fiscal Code : MLTCRL43C03E063C |
|
|
Residence: |
Del Ronco |
, 26 |
- 22060 |
Carimate |
(CO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
14/05/2013 |
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.
|
|
Molteni |
Maria Angela |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Molteni E C.- S.p.a. |
Giussano (MB) - IT - |
00809720154 |
Director |
Active |
Registered |
|
Unifor S.p.a. |
Turate (CO) - IT - |
00387130131 |
Director |
Active |
Registered |
|
Dada S.p.a. |
Mesero (MI) - IT - |
00791170152 |
Director |
Active |
Registered |
|
Mobilrama S.p.a. |
Milano (MI) - IT - |
00492510581 |
Director |
Active |
Registered |
|
Molteni S.p.a. |
Milano (MI) - IT - |
05856280150 |
Director |
Active |
Registered |
|
Iscon S.a.s. Di Giuseppina Ballabio E C. |
Carate Brianza (MB) - IT - |
01556520151 |
Limited Partner |
Withdrawn |
Ceased |
|
Mobilrama Societa' Per Azioni |
Milano (MI) - IT - |
Director |
Active |
Registered |
|
|
I.m.a. Srl |
Milano (MI) - IT - |
01551810151 |
Sole Director |
Withdrawn |
Ceased |
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 |
|
Molteni Maria Angela |
Monza - IT - |
MLTMNG57P63F205K |
1 .Eur |
|
|
Veggetti Vittorio |
Bergamo - IT - |
VGGVTR62S08A944J |
120.000 .Eur |
2,91 |
|
Citterio Antonio |
Giussano - IT - |
CTTNTN34P11E063H |
2 .Eur |
|
|
MOLTENI CARLO |
CARIMATE - IT - |
MLTCRL43C03E063C |
1 .Eur |
|
|
Molteni Andrea Angelo Mario |
Milano - IT - |
MLTNRN77T07F205Z |
1 .Eur |
|
|
CITTERIO DAVIDE |
CTTDVD67R07F704C |
351.351 .Eur |
8,51 |
|
|
CITTERIO GIOVANNA |
CTTGNN64H60F704V |
351.351 .Eur |
8,51 |
|
|
CITTERIO MARIA RITA |
CTTMRT64E62E063E |
234.236 .Eur |
5,68 |
|
|
Citterio Marzio |
Madrid - IT - |
CTTMRZ60H09E063Y |
234.236 .Eur |
5,68 |
|
MOLTENI PIERO |
Monza - IT - |
MLTPRI45E12E063R |
1 .Eur |
|
|
Citterio Flavia |
CTTFLV57L70E063O |
234.236 .Eur |
5,68 |
|
|
Molteni S.p.a. |
05856280150 |
2.594.588 .Eur |
62,97 |
Direct
Participations
The Company under review has no participations in other Companies.
Firm's
location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
since 24/09/1992 |
|
S.vittore |
, 47 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
PHONE |
: 031853545 |
|
FAX |
: 031853729 |
|
- |
Branch |
(Factory) |
since 28/12/1989 |
|
Don Giuseppe Brambilla |
, 16/18 |
- 22040 |
- Sirone |
(LC) |
- IT - |
|
Employees |
: 90 |
|
Fittings and Equipment for a value of 1.820.000 |
Eur |
|
Stocks for a value of 2.600.000 |
Eur |
The firm operates abroad as exporter..
Export represents up to 20% of the global turnover.
Products abroad are placed by :
|
- its own sales net-work |
Export is mainly towards:
|
- Italy |
|
- 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 |
24/02/1999 |
COMPANY STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
CITTERIO SRL |
CITTERIO SPA |
24/02/1999 |
EX-MEMBERS / EX-POSITIONS:
|
|
Molteni |
Maria Angela |
|
|
Born in Milano |
(MI) |
on 23/09/1957 |
- Fiscal Code : MLTMNG57P63F205K |
|
|
Residence: |
Lecco |
, 29 |
- 20900 |
Monza |
(MB) |
- IT - |
|
Ex-Postions |
|
Chairman |
|
|
Citterio |
Camillo |
|
|
Born in GIUSSANO |
(MB) |
on 13/07/1932 |
- Fiscal Code : CTTCLL32L13E063Q |
|
|
Residence: |
DON MINZONI |
, 6 |
- 20034 |
Giussano |
(MB) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Director |
|
Managing Director |
|
|
Molteni |
Carlo |
|
|
Born in GIUSSANO |
(MB) |
on 03/03/1943 |
- Fiscal Code : MLTCRL43C03E063C |
|
|
Residence: |
PRIVATA DEL RONCO |
, 26 |
- 22060 |
Carimate |
(CO) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Maroni |
Diego |
|
|
Born in Milano |
(MI) |
on 20/10/1961 |
- Fiscal Code : MRNDGI61R20F205B |
|
|
Residence: |
Pietro Maroncelli |
, 17 |
- 20154 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Citterio |
Paolo |
|
|
Born in Giussano |
(MB) |
on 17/01/1966 |
- Fiscal Code : CTTPLA66A17E063L |
|
|
Residence: |
Don Minzoni |
, 6 |
- 20034 |
Giussano |
(MB) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
|
Tremolada |
Enrico |
|
|
Born in Lesmo |
(MB) |
on 12/06/1946 |
- Fiscal Code : TRMNRC46H12E550D |
|
|
Residence: |
Roccolo |
, 43 |
- 20052 |
Arcore |
(MB) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Citterio |
Franco |
|
|
Born in Giussano |
(MB) |
on 12/04/1928 |
- Fiscal Code : CTTFNC28D12E063F |
|
|
Residence: |
Don Minzoni |
, 8 |
- 20034 |
Giussano |
(MB) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
CITTERIO |
VINCENZO |
|
|
Born in GIUSSANO |
(MB) |
on 27/03/1939 |
- Fiscal Code : CTTVCN39C27E063F |
|
|
Residence: |
SA. GIUSEPPE |
, 7 |
- 20050 |
Verano Brianza |
(MB) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
MOLTENI |
CARLO |
|
|
Born in GIUSSANO |
(MB) |
on 03/03/1943 |
- Fiscal Code : MLTCRL43C03E063C |
|
|
Residence: |
DEL RONCO |
, 26 |
- 22060 |
CARIMATE |
(CO) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
MARCORA |
GIUSEPPE |
|
|
Born in CANEGRATE |
(MI) |
on 18/03/1931 |
- Fiscal Code : MRCGPP31C18B593X |
|
|
Residence: |
MARONCELLI |
, 17 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
Tagliabue |
Maria Carla |
|
|
Born in Como |
(CO) |
on 19/05/1943 |
- Fiscal Code : TGLMCR43E59C933I |
|
|
Residence: |
San Vittore |
, 45 |
- 20123 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Biraghi |
Maurizio |
|
|
Born in Giussano |
(MB) |
on 10/08/1960 |
- Fiscal Code : BRGMRZ60M10E063A |
|
|
Residence: |
San Filippo Neri |
, 12 |
- 20034 |
Giussano |
(MB) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
MEREGALLI |
GIANPIERO |
|
|
Born in CARATE BRIANZA |
(MB) |
on 14/04/1930 |
- Fiscal Code : MRGGPR30D14B729L |
|
|
Residence: |
VIGANO' |
, 4 |
- 20048 |
Carate Brianza |
(MB) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Marcora |
Luisa |
|
|
Born in Milano |
(MI) |
on 25/04/1961 |
- Fiscal Code : MRCLSU61D65F205S |
|
|
Residence: |
Ressi Adeodato |
, 22 |
- 20125 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Citterio |
Paolo |
|
|
Born in Giussano |
(MB) |
on 17/01/1966 |
- Fiscal Code : CTTPLA66A17E063L |
|
|
Residence: |
Don Minzoni |
, 3 |
- 20034 |
Giussano |
(MB) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
|
Trolese |
Massimo |
|
|
Born in Vimercate |
(MB) |
on 06/08/1972 |
- Fiscal Code : TRLMSM72M06M052Q |
|
|
Residence: |
Vallicella |
, 7/A |
- 20871 |
Vimercate |
(MB) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Branchi |
Lorena |
|
|
Born in Crema |
(CR) |
on 12/05/1966 |
- Fiscal Code : BRNLRN66E52D142R |
|
|
Residence: |
Le Murie |
, 6 |
- 26013 |
Crema |
(CR) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
CEASINGS/INCORPORATIONS/MERGES:
|
|
The firm absorbed by merging of |
|
|
|
|
S.vittore |
, 47 |
, 20123 |
, Milano |
(MI) |
- IT - |
|
|
Date |
: |
28/12/1989 |
|
|
The firm absorved |
|
|
|
|
S.vittore |
, 47 |
, 20123 |
, Milano |
(MI) |
- IT - |
|
|
Date |
: |
28/12/1989 |
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
Subject is active since 1989
The analysis is based on the latest 3 balance sheets.
During the last years, it achieved profits (r.o.e. 0,62% on 2012)
The return on Investment in the last financial year was positive (0,03%)
falling within the field's average.
The amount of the operating result for the year 2012 is of Eur. 7.256
showing a downwards trend equal to -99,06% if compared to the value of the
financial year 2011.
The economic management produced a gross operating margin of Eur.
818.821 , with a -48,04% decrease.
Very good financial situation: shareholder's equity covers short-terms
debts with an indebtedness level equal to 0,24 lower than in 2011.
It's shareholders funds amount to Eur. 17.060.446 , stable in comparison
with the value of the previous year.
Total debts (both short and M/L term) equals Eur. 4.749.881, with a
downward trend if compared to the preceding year (-20,65%).
Moderate recourse to bank credit while the exposure towards suppliers is
rather high but lined up with the field's average.
Liquidity is good (1,75)
Due from customers average term is high and equal to 130,18 days. also
in relation to the average of the sector.
The financial management generated a cash flow of Eur. 916.779.
In the last financial year labour cost was of Eur. 4.345.731, with a
31,75% incidence on total costs of production. , with a 33,42% incidence on
turnover.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
13.002.438 |
|
Profit (Loss) for the period |
105.214 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
18.929.201 |
|
Profit (Loss) for the period |
361.691 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
19.007.122 |
|
Profit (Loss) for the period |
76.190 |
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
20.088.462 |
|
Profit (Loss) for the period |
831.083 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
0,64 |
0,58 |
0,60 |
0,25 |
|
Elasticity Ratio |
Units |
0,36 |
0,42 |
0,40 |
0,72 |
|
Availability of stock |
Units |
0,11 |
0,11 |
0,11 |
0,20 |
|
Total Liquidity Ratio |
Units |
0,25 |
0,31 |
0,29 |
0,45 |
|
Quick Ratio |
Units |
0,03 |
0,01 |
0,03 |
0,02 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
0,24 |
0,33 |
0,30 |
2,92 |
|
Self Financing Ratio |
Units |
0,74 |
0,71 |
0,71 |
0,19 |
|
Capital protection Ratio |
Units |
0,75 |
0,74 |
0,75 |
0,71 |
|
Liabilities consolidation quotient |
Units |
0,18 |
0,16 |
0,17 |
0,22 |
|
Financing |
Units |
0,28 |
0,34 |
0,34 |
3,80 |
|
Permanent Indebtedness Ratio |
Units |
0,78 |
0,75 |
0,75 |
0,38 |
|
M/L term Debts Ratio |
Units |
0,04 |
0,04 |
0,04 |
0,12 |
|
Net Financial Indebtedness Ratio |
Units |
0,02 |
0,00 |
0,00 |
0,97 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,23 |
1,29 |
1,26 |
1,26 |
|
Current ratio |
Units |
1,75 |
1,70 |
1,66 |
1,13 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,21 |
1,27 |
1,19 |
0,75 |
|
Structure's primary quotient |
Units |
1,17 |
1,22 |
1,19 |
0,76 |
|
Treasury's primary quotient |
Units |
0,14 |
0,05 |
0,12 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
134,64 |
140,49 |
140,25 |
515,14 |
|
Current Capital ( net ) |
Value |
3.583.564 |
4.163.110 |
3.809.102 |
177.926 |
|
RETURN |
|||||
|
Return on Sales |
% |
7,05 |
6,12 |
5,67 |
2,74 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
0,62 |
2,08 |
0,45 |
1,67 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
1,27 |
4,39 |
1,91 |
8,36 |
|
Return on Investment ( R.O.I. ) |
% |
0,03 |
3,20 |
1,40 |
3,41 |
|
Return/ Sales |
% |
0,06 |
4,12 |
1,77 |
3,12 |
|
Extra Management revenues/charges incid. |
% |
1450,03 |
46,37 |
22,66 |
15,78 |
|
Cash Flow |
Value |
916.779 |
1.157.724 |
1.078.569 |
76.501 |
|
Operating Profit |
Value |
7.256 |
780.020 |
336.227 |
88.970 |
|
Gross Operating Margin |
Value |
818.821 |
1.576.053 |
1.338.606 |
173.361 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
130,18 |
130,95 |
111,26 |
100,31 |
|
Debts to suppliers average term |
Days |
114,81 |
142,74 |
118,10 |
115,26 |
|
Average stock waiting period |
Days |
71,98 |
48,87 |
50,94 |
67,16 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,57 |
0,78 |
0,79 |
1,08 |
|
Rate of stock return |
Units |
5,00 |
7,37 |
7,07 |
5,32 |
|
Labour cost incidence |
% |
33,42 |
25,88 |
27,57 |
17,27 |
|
Net financial revenues/ charges incidence |
% |
0,00 |
-0,10 |
-0,05 |
-1,88 |
|
Labour cost on purchasing expenses |
% |
31,75 |
26,75 |
27,84 |
16,89 |
|
Short-term financing charges |
% |
0,62 |
0,44 |
0,18 |
3,16 |
|
Capital on hand |
% |
176,66 |
128,96 |
126,09 |
92,21 |
|
Sales pro employee |
Value |
147.754 |
123.720 |
116.608 |
183.224 |
|
Labour cost pro employee |
Value |
49.383 |
32.018 |
32.144 |
32.179 |
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 |
: |
|
Statistical
Detrimental Data
Statistically the trade activity passes through serious crises.
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.59.20 |
|
UK Pound |
1 |
Rs.99.52 |
|
Euro |
1 |
Rs.80.83 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SDA |
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.