MIRA INFORM REPORT
|
Report Date : |
07.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
MILGRANDI S.P.A. |
|
|
|
|
Registered Office : |
Via Caravaggio, 2/B, 20832 – Desio (MB) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
09.07.1980 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
·
Production of abrasive products ·
Wholesale of metalliferous minerals, ferrous
metals and semi-finished products |
|
|
|
|
No. of Employees : |
28 |
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 : |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 & address
MILGRANDI S.P.A.
Via Caravaggio, 2/B
20832 – Desio (MB) -IT-
Summary
|
Fiscal Code |
: |
05890860157 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
09/07/1980 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
35.000.000/50.000.000 |
|
Number of Employees |
: |
from 26 to 35 |
Activity
Production of abrasive products
Wholesale of metalliferous minerals, ferrous metals and semi-finished
products
Legal
Data
Legal Form : Joint stock company
|
Fiscal Code : 05890860157 |
|
Foreign Trade Reg. no. : MB014483 since 11/12/1991 |
|
Foreign Trade Reg. no. : 29591 of Milano since 11/12/1991 |
|
Chamber of Commerce no. : 502738 of Bari |
|
Chamber of Commerce no. : 379202 of Bergamo |
|
Chamber of Commerce no. : 365298 of Brescia |
|
Chamber of Commerce no. : 148105 of Lucca |
|
Chamber of Commerce no. : 1047811 of Monza e Brianza since 20/07/2007 |
|
Chamber of Commerce no. : 1047811 of Milano since 03/09/1980 |
|
Chamber of Commerce no. : 364547 of Modena |
|
Chamber of Commerce no. : 119311 of Massa |
|
Chamber of Commerce no. : 123161 of Massa |
|
Chamber of Commerce no. : 78523 of Ragusa |
|
Chamber of Commerce no. : 1188345 of Roma |
|
Chamber of Commerce no. : 130375 of Siena |
|
Chamber of Commerce no. : 167084 of Sassari |
|
Chamber of Commerce no. : 1117516 of Torino |
|
Chamber of Commerce no. : 353424 of Venezia |
|
Chamber of Commerce no. : 244112 of Verona |
|
Firms' Register : MI149-18226 of Milano since 19/02/1996 |
|
V.A.T. Code : 00808450969 |
|
Foundation date |
: 09/07/1980 |
|
|
Establishment date |
: 09/07/1980 |
|
|
Start of Activities |
: 09/07/1980 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 1.042.634 |
|
|
Subscribed Capital |
: 1.042.634 |
|
|
Paid up Capital |
: 1.042.634 |
Members
|
|
Wa S.a.s. |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Winoa S.a. |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Guida |
Daniela Cristina |
|
|
Born in Monza |
(MB) |
on 01/02/1965 |
- Fiscal Code : GDUDLC65B41F704U |
|
|
Residence: |
Parada |
, 31 |
- 20854 |
Vedano Al Lambro |
(MB) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
02/04/2012 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Cereda |
Paola |
|
|
Born in Monza |
(MB) |
on 17/11/1970 |
- Fiscal Code : CRDPLA70S57F704A |
|
|
Residence: |
Traversi |
, 14 |
- 20832 |
Desio |
(MB) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
17/03/1995 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Mantovani |
Emilio |
|
|
Born in Milano |
(MI) |
on 27/04/1964 |
- Fiscal Code : MNTMLE64D27F205D |
|
|
Residence: |
Beata G. Beretta Molla |
, 51 |
- 20013 |
Magenta |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/06/2012 |
||
|
Procurator |
29/05/2009 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Fayard |
Pierre Yves |
|
|
Born in Valence Drome |
( ) |
on 26/04/1962 |
- Fiscal Code : FYRPRY62D26Z110E |
|
|
Residence: |
Charles Lory |
, 8 |
- 38000 |
Grenoble |
- FR - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
12/07/2012 |
||
|
Director |
28/06/2012 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Arnaud |
Patrick Rene' Joseph |
|
|
Born in Jallieu |
( ) |
on 05/12/1954 |
- Fiscal Code : RNDPRC54T05Z110U |
|
|
Residence: |
Berna |
, 10 |
- 24040 |
Verdellino |
(BG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/06/2012 |
||
|
Board Chairman |
28/06/2012 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
Companies
connected to members *
*checkings have been performed on a national scale.
In this module are listed the companies in which members hold or have
holded positions.
|
|
Arnaud |
Patrick Rene' Joseph |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Wheelabrator Allevard Italia S.r.l. In Liquidazione |
Desio (MB) - IT - |
07730450017 |
Liquidator |
Withdrawn |
Registered |
|
W. Diamant Italia S.r.l. |
Verdellino (BG) - IT - |
03835930169 |
Sole Director |
Active |
Registered |
|
|
Fayard |
Pierre Yves |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
P.a. S.r.l. In Liquidazione |
Milano (MI) - IT - |
05733510969 |
Liquidator |
Active |
Registered |
|
Partecipazioni Industriali Holding S.r.l. (od In Breve P.i.h. S.r .l.) |
Milano (MI) - IT - |
05733520968 |
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 |
|
Winoa S.a. |
91068190155 |
786.621 .Eur |
75,44 |
|
|
Wa S.a.s. |
91085680154 |
255.698 .Eur |
24,52 |
|
|
Cocco S.r.l. |
07060710964 |
314 .Eur |
0,03 |
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 |
|
Internazionale Marmi E Macchine - Carrar a S.p.a. |
Carrara - IT - |
00207170457 |
10.573 .Eur |
0,03 |
Active |
Firm's
location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
since 09/07/1980 |
|
Caravaggio |
, 2/B |
- 20033 |
- Desio |
(MB) |
- IT - |
|
- |
Legal and operative seat |
until 28/06/2012 |
|
Garibaldi |
, 6/C |
- 20033 |
- Desio |
(MB) |
- IT - |
|
- |
Branch |
(Administrative office) |
since 01/10/2008 |
|
Parco |
, 47 |
- 20046 |
- Biassono |
(MB) |
- IT - |
|
- |
Branch |
(Sales office) |
since 29/12/2009 |
|
Castellana |
, 88/D |
- 30030 |
- Martellago |
(VE) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 01/03/1996 |
|
Campagnon |
, 10 |
- 37100 |
- Verona |
(VR) |
- IT - |
|
- |
Branch |
(Store) |
since 29/12/2009 |
|
Crosara |
, 54 |
- 37023 |
- Grezzana |
(VR) |
- IT - |
|
Employees |
: 28 |
|
Fittings and Equipment for a value of 250.000 |
Eur |
|
Stocks for a value of 1.820.000 |
Eur |
|
Furniture and fittings for a value of 52.000 |
Eur |
|
Vehicles for a value of 180.000 |
Eur |
The firm operates abroad as importer / exporter..
To purchase foreign products the firm uses the following channels :
|
- distributors |
|
- its own foreign branches |
|
- direct orders to foreign companies |
Export represents up to 20% of the global turnover.
Products abroad are placed by :
|
- importers |
|
- trading companies |
|
- its own sales net-work |
|
- direct orders from foreign companies |
Import comes generally from the following nations:
|
- Italy |
|
- Austria |
Export is mainly towards:
|
- Italy |
|
- France |
|
- Gabon |
|
- Greece |
|
- Ireland |
|
- |
Historical
Information and/or Firm's Status
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Other forms |
Joint stock company |
11/11/1980 |
COMPANY STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Abrasivi Metallici Industriali S.p.A. |
Milgrandi S.p.A. |
01/01/2005 |
EX-MEMBERS / EX-POSITIONS:
|
|
Baylot |
Remi Pierre |
|
|
Born in Montlucon Allier |
( ) |
on 04/04/1954 |
- Fiscal Code : BYLRPR54D04Z110V |
|
|
Residence: |
Montee' Reine Victoria Tresse |
, 11 |
- 73100 |
Aix Les Bains |
- FR - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
|
Malgorini |
Alessandro Luigi Antonio |
|
|
Born in Milano |
(MI) |
on 09/06/1970 |
- Fiscal Code : MLGLSN70H09F205C |
|
|
Residence: |
Pietro Marussig |
, 6 |
- 20154 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Director |
|
Manager |
|
Procurator |
|
|
Mariotti |
Gerard |
|
|
Born in Zagabria |
( ) |
on 16/08/1954 |
- Fiscal Code : MRTGRD54M16Z118G |
|
|
Residence: |
Garibaldi |
, 6/C |
- 20033 |
Desio |
(MB) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Cruciani |
Alessio |
|
|
Born in Caserta |
(CE) |
on 15/07/1974 |
- Fiscal Code : CRCLSS74L15B963M |
|
|
Residence: |
Delle Querce |
, 4 |
- 06022 |
Fossato di Vico |
(PG) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Janet |
Philippe |
|
|
Born in Beaune |
( ) |
on 09/08/1954 |
- Fiscal Code : JNTPLP54M09Z110J |
|
|
Residence: |
B.p. |
, 3 |
Le Cheylas |
- FR - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
|
Cruciani |
Alessio |
|
|
Born in Caserta |
(CE) |
on 18/07/1974 |
- Fiscal Code : CRCLSS74L18B963S |
|
Ex-Postions |
|
Director |
|
|
Payan |
Eric |
|
|
Born in Poulaines |
( ) |
on 01/03/1959 |
- Fiscal Code : PYNRCE59C01Z110X |
|
|
Residence: |
Verdi |
, 1 |
- 20010 |
Ossona |
(MI) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Sala |
Ilario |
|
|
Born in Osnago |
(CO) |
on 26/10/1950 |
- Fiscal Code : SLALRI50R26G161X |
|
|
Residence: |
Resegone |
, 0012 |
- 23875 |
Osnago |
(LC) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Director |
|
General Director |
|
|
Sala |
Gino |
|
|
Born in Desio |
(MB) |
on 16/12/1920 |
- Fiscal Code : SLAGNI20T16D286U |
|
|
Residence: |
Trezzi |
, 0005 |
- 20033 |
Desio |
(MB) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
Secchi |
Italo |
|
|
Born in Cesano Maderno |
(MB) |
on 21/04/1932 |
- Fiscal Code : SCCTLI32D21C566A |
|
|
Residence: |
Manzoni |
, 20 |
- 20900 |
Monza |
(MB) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Arnaud |
Patrick Rene Joseph |
|
|
Born in Jallieu |
( ) |
on 05/12/1954 |
|
Ex-Postions |
|
Director |
|
|
Bernard |
Jean Marie |
|
on 02/06/1949 |
|
Ex-Postions |
|
Director |
|
Board Chairman |
|
|
Bernard |
Jean Marie |
|
|
Born in Tunisi |
( ) |
on 02/06/1949 |
- Fiscal Code : BRNJMR49H02Z352H |
|
Ex-Postions |
|
Board Chairman |
|
|
Brenna |
Mario |
|
|
Born in SEREGNO |
(MB) |
on 09/11/1961 |
|
|
Residence: |
IV NOVEMBRE |
, 45/A |
- 20034 |
Giussano |
(MB) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of merging by taking over of |
|
|
|
|
ZANELLA |
, 90 |
, 20033 |
, Desio |
(MB) |
- IT - |
|
|
Fiscal Code: 01193470133 |
|
|
Date |
Merging/splitting-up project: |
16/09/1999 |
|
|
The firm absorbed by merging of |
|
|
|
|
ZANELLA |
, 0090 |
, 20033 |
, Desio |
(MB) |
- IT - |
|
|
Fiscal Code: 07680550154 |
|
|
Date |
: |
24/01/2000 |
|
|
Project of merging by taking over of |
|
|
|
|
Berna ang. via Bruxelles |
, 10 |
, 24040 |
, Verdellino |
(BG) |
- IT - |
|
|
Fiscal Code: 00223380163 |
|
|
Date |
Merging/splitting-up project: |
25/06/2007 |
|
|
The firm absorbed by merging of |
|
|
|
|
Berna ang. via Bruxelles |
, 10 |
, 24040 |
, Verdellino |
(BG) |
- IT - |
|
|
Fiscal Code: 00223380163 |
|
|
Date |
: |
15/11/2007 |
|
|
Project of merging by taking over of |
|
|
|
|
Stendhal Enrico |
, 65 |
, 20144 |
, Milano |
(MI) |
- IT - |
|
|
Fiscal Code: 05733510969 |
|
|
Date |
Merging/splitting-up project: |
29/06/2009 |
|
|
The firm absorbed by merging of |
|
|
|
|
LEONCAVALLO |
, 62 |
, 20033 |
, Desio |
(MB) |
- IT - |
|
|
Fiscal Code: 02405260965 |
|
|
Date |
: |
01/12/2009 |
|
|
Resolution of merging of |
|
|
|
|
Stendhal Enrico |
, 65 |
, 20144 |
, Milano |
(MI) |
- IT - |
|
|
Fiscal Code: 05733510969 |
|
|
Date |
: |
24/07/2009 |
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 1980.
The economic-financial analysis has been made on the base of the b/s of
the latests three years.
Last two financial years were marked by losses; in 2012 r.o.e. is
-32,63%. 2012 loss was also due to a turnover decrease.
The return on investment in the last financial year was negative
(-6,31%).
the operating loss amounts to Eur. -1.609.902.
The gross operating margin of the latest financial year is of Eur.
16.490 recording a -98,75% decrease.
The analysis shows a fair financial position as the indebtedness volume
is acceptable (3,22) yet on the increase as against the previous accounting
period.
The equity capital is equal to Eur. 5.566.445 , falling in comparison
with the year before.
The financial management has recorded total debts amounting to Eur.
18.358.919, 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 (1,36).
Due from customers average term is high and equal to 95,54 days. , but
lower if compared to the sector's average.
The financial management generated a negative cash flow (Eur. -611.050).
In the last financial year labour cost was of Eur. 3.087.016, with a
8,03% incidence on total costs of production. , whereas the incidence on sales
revenues is of 8,21%.
The financial management has a limited economic impact, equal to -0,85%
on the sales.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
37.595.088 |
|
Profit (Loss) for the period |
-1.816.454 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
43.344.624 |
|
Profit (Loss) for the period |
-1.198.838 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
42.241.801 |
|
Profit (Loss) for the period |
-1.332.469 |
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
28.638.845 |
|
Profit (Loss) for the period |
-599.093 |
|
|
Complete balance-sheet for the year |
al 31/12/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
35.718.619 |
|
Profit (Loss) for the period |
533.993 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
PROFIT AND LOSS ACCOUNTS |
|
VALUE OF PRODUCTION |
|||
|
. Revenues from sales and services |
37.595.088 |
43.344.624 |
42.241.801 |
|
. Changes in work in progress |
-954.223 |
-402.383 |
961.404 |
|
. Changes in semi-manufact. products |
|||
|
. Capitalization of internal work |
|||
|
. Other income and revenues |
170.405 |
89.976 |
73.395 |
|
. . Contributions for operating expenses |
2.500 |
||
|
. . Different income and revenues |
170.405 |
89.976 |
70.895 |
|
Total value of production |
36.811.270 |
43.032.217 |
43.276.600 |
|
PRODUCTION COSTS |
|||
|
. Raw material,other materials and consum. |
27.166.981 |
30.197.141 |
30.077.563 |
|
. Services received |
3.649.115 |
5.192.881 |
6.455.054 |
|
. Leases and rentals |
1.831.174 |
2.084.002 |
2.211.410 |
|
. Payroll and related costs |
3.087.016 |
3.747.523 |
4.431.473 |
|
. . Wages and salaries |
2.304.839 |
2.677.740 |
2.978.869 |
|
. . Social security contributions |
582.187 |
807.716 |
977.775 |
|
. . Employee termination indemnities |
175.063 |
240.270 |
233.697 |
|
. . Pension and similar |
|||
|
. . Other costs |
24.927 |
21.797 |
241.132 |
|
. Amortization and depreciation |
1.205.404 |
1.363.604 |
754.897 |
|
. . Amortization of intangible fixed assets |
172.810 |
63.866 |
65.450 |
|
. . Amortization of tangible fixed assets |
237.185 |
431.783 |
431.966 |
|
. . Depreciation of tangible fixed assets |
|||
|
. . Writedown of current receiv.and of liquid |
795.409 |
867.955 |
257.481 |
|
. Changes in raw materials |
885.210 |
261.243 |
-171.022 |
|
. Provisions to risk reserves |
406.401 |
453.800 |
261.016 |
|
. Other provisions |
14.587 |
22.779 |
26.852 |
|
. Other operating costs |
175.284 |
230.110 |
197.317 |
|
Total production costs |
38.421.172 |
43.553.083 |
44.244.560 |
|
Diff. between value and cost of product. |
-1.609.902 |
-520.866 |
-967.960 |
|
FINANCIAL INCOME AND EXPENSE |
|||
|
. Income from equity investments |
106.360 |
||
|
. . In subsidiary companies |
|||
|
. . In associated companies |
|||
|
. . In other companies |
|||
|
. Other financial income |
378.828 |
277.203 |
60.266 |
|
. . 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 |
|||
|
. . . - Subsidiary companies |
|||
|
. . . - Associated companies |
|||
|
. . . - Holding companies |
|||
|
. . . - Other companies |
|||
|
. Interest and other financial expense |
-697.523 |
-602.097 |
-132.937 |
|
. . Towards subsidiary companies |
|||
|
. . Towards associated companies |
|||
|
. . Towards holding companies |
|||
|
. . Towards other companies |
|||
|
Total financial income and expense |
-318.695 |
-324.894 |
33.689 |
|
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 |
1.098.354 |
262.632 |
63.379 |
|
. . Gains on disposals |
272.067 |
220.111 |
|
|
. . Other extraordinary income |
826.287 |
42.521 |
63.379 |
|
. Extraordinary expense |
-768.956 |
-534.229 |
-514.697 |
|
. . Losses on disposals |
-672.775 |
-321.900 |
|
|
. . Taxes relating to prior years |
-1.090 |
-27.547 |
|
|
. . Other extraordinary expense |
-96.181 |
-533.139 |
-165.250 |
|
Total extraordinary income and expense |
329.398 |
-271.597 |
-451.318 |
|
Results before income taxes |
-1.599.199 |
-1.117.357 |
-1.385.589 |
|
. Taxes on current income |
217.255 |
81.481 |
-53.120 |
|
. . current taxes |
71.963 |
636.116 |
369.019 |
|
. . differed taxes(anticip.) |
145.292 |
-554.635 |
-274.929 |
|
. Net income for the period |
-1.816.454 |
-1.198.838 |
-1.332.469 |
|
. Adjustments in tax regulations pursuance |
|||
|
. Provisions in tax regulations pursuance |
|||
|
. Profit (loss) of the year |
-1.816.454 |
-1.198.838 |
-1.332.469 |
|
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 |
0,02 |
0,08 |
0,09 |
0,11 |
|
Elasticity Ratio |
Units |
0,98 |
0,92 |
0,91 |
0,87 |
|
Availability of stock |
Units |
0,07 |
0,11 |
0,14 |
0,22 |
|
Total Liquidity Ratio |
Units |
0,90 |
0,80 |
0,76 |
0,56 |
|
Quick Ratio |
Units |
0,02 |
0,04 |
0,02 |
0,02 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
3,22 |
2,61 |
2,29 |
3,81 |
|
Self Financing Ratio |
Units |
0,22 |
0,25 |
0,28 |
0,17 |
|
Capital protection Ratio |
Units |
1,14 |
1,02 |
1,03 |
0,65 |
|
Liabilities consolidation quotient |
Units |
0,04 |
0,05 |
0,06 |
0,12 |
|
Financing |
Units |
3,30 |
2,76 |
2,35 |
4,72 |
|
Permanent Indebtedness Ratio |
Units |
0,25 |
0,29 |
0,32 |
0,30 |
|
M/L term Debts Ratio |
Units |
0,03 |
0,04 |
0,04 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
2,29 |
0,26 |
1,23 |
1,28 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
11,12 |
3,54 |
3,46 |
2,06 |
|
Current ratio |
Units |
1,36 |
1,33 |
1,39 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,26 |
1,16 |
1,17 |
0,84 |
|
Structure's primary quotient |
Units |
9,83 |
3,08 |
3,01 |
1,28 |
|
Treasury's primary quotient |
Units |
0,03 |
0,06 |
0,03 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
458,33 |
400,69 |
359,25 |
591,61 |
|
Current Capital ( net ) |
Value |
6.527.641 |
6.729.506 |
7.794.645 |
219.071 |
|
RETURN |
|||||
|
Return on Sales |
% |
-1,63 |
0,38 |
-1,37 |
2,22 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-32,63 |
-16,24 |
-15,53 |
6,27 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-28,73 |
-15,13 |
-16,15 |
15,95 |
|
Return on Investment ( R.O.I. ) |
% |
-6,31 |
-1,76 |
-3,14 |
4,19 |
|
Return/ Sales |
% |
-4,28 |
-1,20 |
-2,29 |
3,42 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
n.c. |
n.c. |
29,26 |
|
Cash Flow |
Value |
-611.050 |
164.766 |
-577.572 |
61.669 |
|
Operating Profit |
Value |
-1.609.902 |
-520.866 |
-967.960 |
95.558 |
|
Gross Operating Margin |
Value |
16.490 |
1.319.317 |
74.805 |
144.934 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
95,54 |
113,38 |
137,83 |
120,94 |
|
Debts to suppliers average term |
Days |
27,19 |
154,59 |
73,20 |
120,04 |
|
Average stock waiting period |
Days |
17,43 |
28,23 |
37,41 |
61,92 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,47 |
1,47 |
1,37 |
1,27 |
|
Rate of stock return |
Units |
20,65 |
12,75 |
9,62 |
5,74 |
|
Labour cost incidence |
% |
8,21 |
8,65 |
10,49 |
7,77 |
|
Net financial revenues/ charges incidence |
% |
-0,85 |
-0,75 |
0,08 |
-1,26 |
|
Labour cost on purchasing expenses |
% |
8,03 |
8,60 |
10,02 |
7,90 |
|
Short-term financing charges |
% |
3,80 |
2,95 |
0,66 |
2,67 |
|
Capital on hand |
% |
67,86 |
68,25 |
72,98 |
78,39 |
|
Sales pro employee |
Value |
799.895 |
677.259 |
918.300 |
437.713 |
|
Labour cost pro employee |
Value |
65.681 |
58.555 |
96.336 |
33.928 |
Remarks
1) Protests checking (relative to the last five years) performed by crossing
and matching the members names and the Firm's Style with the reported
addresses, is supplied by the Informatic Registry managed by the Italian
Chamber of Commerce. If the fiscal code is not indicated, the eventual
homonymous cases are submitted to expert staff evaluation in order to limit
wrong matching risks.
2) The Legal Data, supplied and retrived from the Firm's Registry of the
Italian Chamber of Commerce, are in line with the last registered
modifications.
3) Risk evaluation and Credit Opinion have been performed on the base of
the actual data at the moment of their availability.
Market
/ Territory Data
|
Population living in the province |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
Monthly family expences average in the region (in .) :
|
- per food products |
: |
|
|
- per non food products |
: |
|
|
- per energy consume |
: |
|
Sector
Data
The values are calculated on a base of 6.137 significant companies.
The companies cash their credits on an average of 121 dd.
The average duration of suppliers debts is about 120 dd.
The sector's profitability is on an average of 2,22%.
The labour cost affects the turnover in the measure of 7,77%.
Goods are held in stock in a range of 62 dd.
The difference between the sales volume and the resources used to
realize it is about 1,27.
The employees costs represent the 7,90% of the production costs.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.20 |
|
|
1 |
Rs.99.52 |
|
Euro |
1 |
Rs.80.83 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NNA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.