MIRA INFORM REPORT
|
Report Date : |
13.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
SMEG S.P.A. |
|
|
|
|
Registered Office : |
Via Leonardo Da Vinci, 4, 42016 – Guastalla (RE) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
11.07.1985 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
·
Manufacture of domestic appliances ·
Wholesale of electrical household appliances,
electronics for audio and video use |
|
|
|
|
No. of Employees : |
459 |
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 – 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 and address
SMEG S.P.A.
Via Leonardo Da Vinci, 4
42016 – Guastalla (RE) -IT-
Summary
|
Fiscal Code |
: |
|
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
08/06/1992 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
over 129.114.224 |
|
Number of Employees |
: |
from 251 to 500 |
Activity
Manufacture of domestic appliances
Wholesale of electrical household appliances, electronics for audio and
video use
Legal
Data
Legal Form : Joint stock company
|
Fiscal Code : 07947760158 |
|
Foreign Trade Reg. no. : RE017330 since 09/11/1993 |
|
Foreign Trade Reg. no. : 017330 of Reggio Emilia since 09/11/1993 |
|
Chamber of Commerce no. : 1197032 of Milano until 18/06/1993 |
|
Chamber of Commerce no. : 194932 of Reggio Emilia since 29/07/1993 |
|
Firms' Register : RE033-23509 of Reggio Emilia since 19/02/1996 |
|
V.A.T. Code : 01555030350 |
|
Foundation date |
: 11/07/1985 |
|
|
Establishment date |
: 11/07/1985 |
|
|
Start of Activities |
: 08/06/1992 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 20.000.000 |
|
|
Subscribed Capital |
: 20.000.000 |
|
|
Paid up Capital |
: 20.000.000 |
Members
|
|
Bertelli |
Guido |
|
|
Born in Parma |
(PR) |
on 04/06/1961 |
- Fiscal Code : BRTGDU61H04G337J |
|
|
Residence: |
Martiri Di Belfiore |
, 48 |
- 26036 |
Rivarolo del Re Ed Uniti |
(CR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
29/04/2010 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Manfredotti |
Luigi |
|
|
Born in Guastalla |
(RE) |
on 01/02/1957 |
- Fiscal Code : MNFLGU57B01E253B |
|
|
Residence: |
S.ferdinando |
, 15 |
- 42016 |
Guastalla |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
29/04/2010 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Zavaroni |
Emer |
|
|
Born in Gattatico |
(RE) |
on 30/07/1946 |
- Fiscal Code : ZVRMRE46L30D934F |
|
|
Residence: |
A. Grandi |
, 3 |
- 42016 |
Guastalla |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
29/04/2010 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Boccazzi |
Roberta |
|
|
Born in Poviglio |
(RE) |
on 11/01/1960 |
- Fiscal Code : BCCRRT60A51G947Q |
|
|
Residence: |
Marconi |
, 1 |
- 42022 |
Boretto |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
29/04/2010 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Manfredotti |
Fabrizio |
|
|
Born in Guastalla |
(RE) |
on 07/03/1959 |
- Fiscal Code : MNFFRZ59C07E253R |
|
|
Residence: |
Fosse Ardeatin |
, 23 |
- 42045 |
Luzzara |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
29/04/2010 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Stefanini |
Maurizio |
|
|
Born in Reggio Emilia |
(RE) |
on 28/04/1960 |
- Fiscal Code : STFMRZ60D28H223X |
|
|
Residence: |
Saffi |
, 1 |
- 42124 |
Reggio Emilia |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
29/04/2010 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Bertazzoni |
Vittorio |
|
|
Born in Parma |
(PR) |
on 29/03/1976 |
- Fiscal Code : BRTVTR76C29G337L |
|
|
Residence: |
Della Repubblica |
, 78 |
- 43100 |
Parma |
(PR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
08/05/2012 |
||
|
Assistant board Chairman |
08/05/2012 |
||
|
Managing Director |
08/05/2012 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Gatti |
Marcello |
|
|
Born in Reggio Emilia |
(RE) |
on 31/08/1961 |
- Fiscal Code : GTTMCL61M31H223E |
|
|
Residence: |
Isonzio |
, 9 |
- 42100 |
Reggio Emilia |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
05/11/2009 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Scolari |
Marco |
|
|
Born in Reggio Emilia |
(RE) |
on 11/01/1968 |
- Fiscal Code : SCLMRC68A11H223I |
|
|
Residence: |
Raffaello Sanzio |
, 13 |
- 42023 |
Cadelbosco di Sopra |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
05/11/2009 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Manotti |
Cesare |
|
|
Born in Boretto |
(RE) |
on 10/01/1965 |
- Fiscal Code : MNTCSR65A10A988R |
|
|
Residence: |
Giovanni Xxiii |
, 21 |
- 42022 |
Boretto |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
29/04/2010 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Marangoni |
Stefano |
|
|
Born in Adria |
(RO) |
on 27/06/1969 |
- Fiscal Code : MRNSFN69H27A059E |
|
|
Residence: |
Pieve |
, 21/1 |
- 42016 |
Guastalla |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
29/04/2010 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Romani |
Paolo |
|
|
Born in Sassuolo |
(MO) |
on 25/02/1970 |
- Fiscal Code : RMNPLA70B25I462P |
|
|
Residence: |
Antonio Rosmini |
, 49 |
- 42123 |
Reggio Emilia |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
29/04/2010 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Rossi |
Federico |
|
|
Born in Reggio Emilia |
(RE) |
on 19/09/1967 |
- Fiscal Code : RSSFRC67P19H223R |
|
|
Residence: |
Pietro Nenni |
, 22 |
- 42049 |
Sant'Ilario d'Enza |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
29/04/2010 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Bonazzi |
Nicola |
|
|
Born in Mantova |
(MN) |
on 17/07/1961 |
- Fiscal Code : BNZNCL61L17E897W |
|
|
Residence: |
Pero |
, 16/B |
- 46100 |
Mantova |
(MN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
29/04/2010 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Barigazzi |
Marco |
|
|
Born in Viadana |
(MN) |
on 27/08/1978 |
- Fiscal Code : BRGMRC78M27L826H |
|
|
Residence: |
G. Bedoli |
, 32/B |
- 46019 |
Viadana |
(MN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
08/06/2012 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Cordusio Societa' Fiduciaria Per Azioni |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Barbieri |
Emanuele |
|
|
Born in Mantova |
(MN) |
on 03/12/1979 |
- Fiscal Code : BRBMNL79T03E897A |
|
|
Residence: |
Della Repubblica |
, 15/C |
- 46030 |
Virgilio |
(MN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
26/02/2013 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Caroli |
Roberto |
|
|
Born in Reggio Emilia |
(RE) |
on 13/08/1964 |
- Fiscal Code : CRLRRT64M13H223G |
|
|
Residence: |
Torricelli |
, 15 |
- 10100 |
Torino |
(TO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
05/11/2009 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Vitale |
Marco |
|
|
Born in Brescia |
(BS) |
on 01/08/1935 |
- Fiscal Code : VTLMRC35M01B157E |
|
|
Residence: |
Anelli |
, 5 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
08/05/2012 |
|
|
Bertazzoni |
Roberto |
|
|
Born in Guastalla |
(RE) |
on 10/12/1942 |
- Fiscal Code : BRTRRT42T10E253T |
|
|
Residence: |
Maldotti |
, 2 |
- 42016 |
Guastalla |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
08/05/2012 |
||
|
Board Chairman |
08/05/2012 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Liberali |
Iginio |
|
|
Born in Pavia |
(PV) |
on 19/09/1931 |
- Fiscal Code : LBRGNI31P19G388Q |
|
|
Residence: |
Campari |
, 6 |
- 27100 |
Pavia |
(PV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
08/05/2012 |
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.
|
|
Bertazzoni |
Roberto |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Mediobanca Banca Di Credito FinanziarioSocieta' Per Azioni |
Milano (MI) - IT - |
00714490158 |
Director |
Active |
Registered |
|
Smeg S.p.a. |
Guastalla (RE) - IT - |
01219480355 |
Managing Director |
Withdrawn |
Merged |
|
Credito Romagnolo S.p.a. |
Bologna (BO) - IT - |
04125600371 |
Director |
Withdrawn |
Ceased |
|
Apell S.p.a. |
San Giovanni Teatino (CH) - IT - |
00335560694 |
Managing Director |
Withdrawn |
Registered |
|
Smeg Finanziaria S.r.l. |
- - |
Sole Director |
Active |
Registered |
|
|
Smeg Servizi - S.p.a. |
Guastalla (RE) - IT - |
01362610352 |
Vice-Chairman |
Withdrawn |
Registered |
|
Rolo Banca 1473 S.p.a. |
Bologna (BO) - IT - |
00303060370 |
Director |
Withdrawn |
Ceased |
|
Rizzoli Corriere Della Sera Mediagroup Spa O In Forma Abbreviata Rcs
Mediagroup |
Milano (MI) - IT - |
12086540155 |
Director |
Withdrawn |
Registered |
|
"SMEG FINANZIARIA - S.R.L." |
- - |
01345870354 |
Director |
Withdrawn |
Registered |
|
Unicredit Banca S.p.a. |
Bologna (BO) - IT - |
12931320159 |
Director |
Withdrawn |
Registered |
|
"SMEG ELETTRODOMESTICI S.P.A." |
Guastalla (RE) - IT - |
00124010356 |
Chairman |
Withdrawn |
Registered |
|
"EXITRADE DI NAPOLEONE eamp; ROBERTO BERTAZZONI eamp; C. -
S.A.S." |
Guastalla (RE) - IT - |
00277400354 |
General Partner |
Withdrawn |
Registered |
|
"SMEG ELETTRODOMESTICI-S.P.A." |
Guastalla (RE) - IT - |
03395620150 |
Chairman |
Withdrawn |
Registered |
|
Cofiber S.p.a. |
Milano (MI) - IT - |
06103610967 |
Managing Director |
Active |
Registered |
|
Cofiber S.p.a. |
Milano (MI) - IT - |
06103610967 |
Director |
Active |
Registered |
|
Cofiber S.p.a. |
Milano (MI) - IT - |
06103610967 |
Board Chairman |
Active |
Registered |
|
Erfin - Eridano Finanziaria S.p.a. Che Potra' Essere Abbrievata, Ove
Consentito, |
Torino (TO) - IT - |
08344260016 |
Managing Director |
Active |
Registered |
|
Erfin - Eridano Finanziaria S.p.a. Che Potra' Essere Abbrievata, Ove
Consentito, |
Torino (TO) - IT - |
08344260016 |
Director |
Active |
Registered |
|
Erfin - Eridano Finanziaria S.p.a. Che Potra' Essere Abbrievata, Ove
Consentito, |
Torino (TO) - IT - |
08344260016 |
Director |
Withdrawn |
Registered |
|
Erfin - Eridano Finanziaria S.p.a. Che Potra' Essere Abbrievata, Ove
Consentito, |
Torino (TO) - IT - |
08344260016 |
Board Chairman |
Active |
Registered |
|
|
Bertazzoni |
Vittorio |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Cofiber S.p.a. |
Milano (MI) - IT - |
06103610967 |
Managing Director |
Active |
Registered |
|
Cofiber S.p.a. |
Milano (MI) - IT - |
06103610967 |
Director |
Active |
Registered |
|
Cofiber S.p.a. |
Milano (MI) - IT - |
06103610967 |
Assistant board Chairman |
Active |
Registered |
|
Erfin - Eridano Finanziaria S.p.a. Che Potra' Essere Abbrievata, Ove
Consentito, |
Torino (TO) - IT - |
08344260016 |
Managing Director |
Active |
Registered |
|
Erfin - Eridano Finanziaria S.p.a. Che Potra' Essere Abbrievata, Ove
Consentito, |
Torino (TO) - IT - |
08344260016 |
Director |
Active |
Registered |
|
Erfin - Eridano Finanziaria S.p.a. Che Potra' Essere Abbrievata, Ove
Consentito, |
Torino (TO) - IT - |
08344260016 |
Assistant board Chairman |
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 |
|
Bertazzoni Roberto |
Guastalla - IT - |
BRTRRT42T10E253T |
5.000.000 .Eur |
25,00 |
|
Bertazzoni Vittorio |
Parma - IT - |
BRTVTR76C29G337L |
2.200.000 .Eur |
11,00 |
|
Gandolfi Maria Rita |
GNDMRT43E42G337H |
800.000 .Eur |
4,00 |
|
|
Cordusio Societa' Fiduciaria Per Azioni |
01855720155 |
12.000.000 .Eur |
60,00 |
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 |
|
Domestika S.r.l. |
San Giovanni Teatino - IT - |
01539280691 |
520 .Eur |
5,00 |
Active |
||
|
VERINOX FRIULI VENEZIA GIULIA S.R.L. |
Brugnera - IT - |
01204110934 |
59.280 .Eur |
95,00 |
Active |
||
|
Sirpe S.r.l. |
San Donato Milanese - IT - |
07037780157 |
52.000 .Eur |
100,00 |
Active |
||
|
"TE.SE.C.- S.R.L. TECNOLOGIA SERVIZIO CO NSUMATORI" |
Guastalla - IT - |
01212250359 |
10.400 .Eur |
100,00 |
Active |
||
|
Sd Toscana Srl |
Pontedera - IT - |
00763620523 |
50.000 .Eur |
100,00 |
Active |
||
|
Eliberg S.r.l. |
Azzano San Paolo - IT - |
02350500167 |
13.872 .Eur |
68,00 |
Active |
||
|
Bonferraro - S.p.a. |
Sorga' - IT - |
01402930356 |
3.000.000 .Eur |
100,00 |
Active |
||
|
Apell S.p.a. |
San Giovanni Teatino - IT - |
00335560694 |
3.200.000 .Eur |
100,00 |
Active |
||
|
D.El.Ve. - S.R.L. |
Isola della Scala - IT - |
02285900235 |
10.400 .Eur |
100,00 |
Active |
||
|
Sd Lazio S.r.l. |
Roma - IT - |
01659220352 |
36.000 .Eur |
100,00 |
Active |
||
|
Sd Piemonte Srl |
Venaria - IT - |
06645480010 |
36.400 .Eur |
100,00 |
Active |
||
|
Tecnocucina Srl |
Langhirano - IT - |
01999500349 |
15.600 .Eur |
100,00 |
Active |
||
|
Consorzio Emilia Utilities |
Reggio Emilia - IT - |
01995830351 |
Active |
||||
|
Ecodom-consorzio Italiano Per Il Recuper o E Riciclaggio Elettrod |
Saronno - IT - |
04623460963 |
Active |
||||
|
Smeg Servizi - S.p.a. |
Guastalla - IT - |
01362610352 |
520.000 .Eur |
100,00 |
Active |
Firm's
location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
since 08/06/1992 |
|
Leonardo Da Vinci |
, 4 |
- 42016 |
- Guastalla |
(RE) |
- IT - |
|
PHONE |
: 05228211 |
|
FAX |
: 0522838384 |
|
FAX |
: 0522821452 |
|
- |
Branch |
(Factory) |
since 31/12/1993 |
|
Delle Ville |
- 42016 |
- Guastalla |
(RE) |
- IT - |
|
PHONE |
: 0522837777 |
|
FAX |
: 0522820820 |
|
- |
Branch |
(Factory) |
since 01/01/2005 |
|
Circonvallazione Nord |
, 36 |
- 42016 |
- Guastalla |
(RE) |
- IT - |
|
PHONE |
: 05228211 |
|
Employees |
: 459 |
|
Fittings and Equipment for a value of 13.490.000 |
Eur |
|
Stocks for a value of 64.090.000 |
Eur |
Trade organization: direct or by agents.
Sales area on a national scale.
The products distribution is carried out by distributors.
Transports are mainly done using own vehicles and third parties ones
The company sells mainly to wholesalers.
|
The firm counts about 42 foreign clients. |
Subject generally proposes terms of sale between 30 and 60 days.
Subject usually collects by cash order and drafts.
Purchase terms: 60-90-120 days.
Main used payment modalities are by cash orders and bank transfers.
Import comes generally from the following nations:
|
- Germany |
|
- Belgium |
|
- Great Britain |
|
- Spain |
|
- France |
Export is mainly towards:
|
- Austria |
|
- Portugal |
|
- Greece |
|
- Germany |
|
- Svizzera |
|
- Hungary |
|
- Poland |
|
- Czech Republic |
|
- Sweden |
|
- Norway |
|
- Finland |
|
- Bulgaria |
The subject firm uses the following own selling brands:
|
- White Westinghouse |
Historical
Information and/or Firm's Status
COMPANY STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Finanziaria RB S.p.A. |
Smeg S.p.A. |
31/12/1993 |
EX-MEMBERS / EX-POSITIONS:
|
|
Bertazzoni |
Roberto |
|
|
Born in Guastalla |
(RE) |
on 10/12/1942 |
- Fiscal Code : BRTRRT42T10E253T |
|
|
Residence: |
Maldotti |
, 2 |
- 42016 |
Guastalla |
(RE) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
|
Brighenti |
Ennio |
|
|
Born in Guastalla |
(RE) |
on 02/12/1940 |
- Fiscal Code : BRGNNE40T02E253O |
|
|
Residence: |
Martiri Patrioti |
, 2 |
- 42044 |
Guastalla |
(RE) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
|
Guiotto |
Alberto |
|
|
Born in Pordenone |
(PN) |
on 04/02/1967 |
- Fiscal Code : GTTLRT67B04G888N |
|
|
Residence: |
Mentana |
, 150 |
- 43100 |
Parma |
(PR) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Miari |
Luigi |
|
|
Born in Parma |
(PR) |
on 22/08/1953 |
- Fiscal Code : MRILGU53M22G337S |
|
|
Residence: |
Repubblica |
, 51 |
- 43100 |
Parma |
(PR) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
|
Ovi |
Stefano |
|
|
Born in CARPINETI |
(RE) |
on 08/09/1954 |
- Fiscal Code : VOISFN54P08B825F |
|
|
Residence: |
S. Beretti |
, 21 |
- 42100 |
Reggio Emilia |
(RE) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
|
Artoni |
Agostino |
|
|
Born in Guastalla |
(RE) |
on 02/09/1944 |
- Fiscal Code : RTNGTN44P02E253S |
|
|
Residence: |
Cavallo |
, 23 |
- 42016 |
Guastalla |
(RE) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
|
Canova |
Remo |
|
|
Born in Guastalla |
(RE) |
on 25/12/1955 |
- Fiscal Code : CNVRME55T25E253F |
|
|
Residence: |
Per Poviglio |
, 65 |
- 42022 |
Boretto |
(RE) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
|
Pratissoli |
Gianni |
|
|
Born in REGGIO EMILIA |
(RE) |
on 09/07/1969 |
- Fiscal Code : PRTGNN69L09H223N |
|
|
Residence: |
PONTE PIETRA SUPERIORE |
, 52 |
- 42016 |
Guastalla |
(RE) |
- IT - |
|
Ex-Postions |
|
Responsible technician |
|
|
Torreggiani |
Marco |
|
|
Born in REGGIOLO |
(RE) |
on 02/08/1965 |
- Fiscal Code : TRRMRC65M02H225B |
|
|
Residence: |
E. DE NICOLA |
, 7/E |
- 42046 |
Reggiolo |
(RE) |
- IT - |
|
Ex-Postions |
|
Responsible technician |
|
|
Iotti |
Pietro |
|
|
Born in Reggio Emilia |
(RE) |
on 25/06/1966 |
- Fiscal Code : TTIPTR66H25H223Q |
|
|
Residence: |
Guido Riccio Fogliani |
, 4/1 |
- 42100 |
Reggio Emilia |
(RE) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
|
Deloitte E Touche S.p.a. |
|
- Fiscal Code : 03049560166 |
|
|
Residence: |
Tortona |
, 25 |
- 20144 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Auditor |
|
|
Saccani |
Antonio |
|
|
Born in Luzzara |
(RE) |
on 05/12/1942 |
- Fiscal Code : SCCNTN42T05E772A |
|
|
Residence: |
Veneria |
, 5 |
- 42045 |
Luzzara |
(RE) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Corradi |
Enrico |
|
|
Born in Reggio Emilia |
(RE) |
on 17/07/1956 |
- Fiscal Code : CRRNRC56L17H223L |
|
|
Residence: |
Toschi |
, 36 |
- 42100 |
Reggio Emilia |
(RE) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Liberali |
Iginio |
|
|
Born in Pavia |
(PV) |
on 19/09/1931 |
- Fiscal Code : LBRGNI31P19G388Q |
|
|
Fiscal residence: |
Caduti Guerra Liberazione |
, 53 |
- 21040 |
Uboldo |
(VA) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Corradini |
Edmondo |
|
|
Born in Guastalla |
(RE) |
on 30/08/1915 |
- Fiscal Code : CRRDND15M30E253A |
|
|
Residence: |
Luigi Savoia |
, 24 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Tanturli |
Gianni |
|
|
Born in Reggio Emilia |
(RE) |
on 19/07/1964 |
- Fiscal Code : TNTGNN64L19H223Q |
|
|
Residence: |
Kennedy |
, 25 |
- 42100 |
Reggio Emilia |
(RE) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
CEASINGS/INCORPORATIONS/MERGES:
|
|
The firm absorved |
|
|
|
|
Circonvallazione Nord |
, 36 |
, 42016 |
, Guastalla |
(RE) |
- IT - |
|
|
Fiscal Code: 01219480355 |
|
|
Date |
: |
31/12/1993 |
|
|
The firm absorved |
|
|
|
|
, GUASTALLA (RE) |
- IT - |
|
|
Fiscal Code: 01345870354 |
|
|
Date |
: |
23/12/1996 |
|
|
The firm absorved |
|
|
|
|
Circonvallazione Nord |
, 36 |
, 42016 |
, Guastalla |
(RE) |
- IT - |
|
|
Fiscal Code: 01219480355 |
|
|
Date |
: |
31/12/1993 |
|
|
The firm absorved |
|
|
|
|
, GUASTALLA (RE) |
- IT - |
|
|
Fiscal Code: 01345870354 |
|
|
Date |
: |
23/12/1996 |
|
|
The firm absorved |
|
|
|
|
Fiscal Code: 01345870354 |
|
|
Date |
: |
23/12/1996 |
|
|
The firm absorbed by merging of |
|
|
|
|
Circonvallazione Nord |
, 36 |
, 42016 |
, Guastalla |
(RE) |
- IT - |
|
|
Fiscal Code: 01219480355 |
|
|
Date |
: |
31/12/1993 |
|
|
Project of merging by taking over of |
|
|
|
|
Fiscal Code: 01345870354 |
|
|
Date |
Merging/splitting-up project: |
08/10/1996 |
|
|
The firm absorbed by merging of |
|
|
|
|
Fiscal Code: 01345870354 |
|
|
Date |
: |
23/12/1996 |
|
|
Splitting-up project and setting-up of new co |
|
|
Date |
Merging/Splitting-up Project-New Company: |
28/11/2001 |
|
|
Splitting-up and setting-up of a new company |
|
|
|
|
, Torino |
- IT - |
|
|
Date |
Splitting-up: |
07/01/2002 |
|
|
Splitting-up project and setting-up of new co |
|
|
Date |
Merging/Splitting-up Project-New Company: |
03/12/2007 |
|
|
Splitting-up and setting-up of a new company |
|
|
|
|
Monte Di Pieta' |
, 15 |
, 20121 |
, Milano |
(MI) |
- IT - |
|
|
Fiscal Code: 06103610967 |
|
|
Date |
Splitting-up: |
29/02/2008 |
|
|
Project of merging by taking over of |
|
|
|
|
CIRCONVALLAZIONE NORD |
, 36 |
, 42016 |
, Guastalla |
(RE) |
- IT - |
|
|
Fiscal Code: 01485550352 |
|
|
Date |
Merging/splitting-up project: |
29/05/2012 |
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 1992
An eco-fin analysis has been made on the base od the b/s fo the years
2010, 2011 and 2012.
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 15,66% in 2012 and with an upward trend in turnover
trend during the last financial year (+7,25% in 2012).
The operating result in 2012 was positive (8,17%) and reflects the
field's average.
The amount of the operating result for the year 2012 is of Eur.
18.634.999 rising (+97,07%) in relation to the previous year.
The G.O.M. amounted to Eur. 28.775.947 growing by 42,79% if compared to
the year before.
The financial status of the company is fairly balanced with an
indebtedness level of 1,53 and decreasing as against 2011.
The equity capital is equal to Eur. 79.787.419 , stable in comparison
with the value of the previous year.
Total debts recorded amounted to Eur. 136.060.063 (Eur. 3.739.146 of
which were m/l term debts) on the same levels as the year before.
Moderate recourse to bank credit while the exposure towards suppliers is
rather high but lined up with the field's average.
It shows a good range of liquidity.
Accounts receivable average term is 51,45 days. , that compared to the sector's
average is shorter.
Eur. 20.152.496 is the value of cash flow during the year 2012
Subordinate employment cost is of Eur. 32.588.703, i.e. 12,14% on total
production costs. , whereas the incidence of such costs on sales revenues is
equal to 11,28%.
The financial management has a limited economic impact, equal to -0,14%
on the sales.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
288.960.314 |
|
Profit (Loss) for the period |
12.492.740 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
269.403.085 |
|
Profit (Loss) for the period |
4.757.510 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
282.733.696 |
|
Profit (Loss) for the period |
8.650.552 |
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
259.279.983 |
|
Profit (Loss) for the period |
2.939.042 |
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 |
288.960.314 |
269.403.085 |
282.733.696 |
|
. Changes in work in progress |
-8.403.658 |
7.819.967 |
-3.007.545 |
|
. Changes in semi-manufact. products |
|||
|
. Capitalization of internal work |
63.892 |
45.610 |
44.861 |
|
. Other income and revenues |
6.541.648 |
7.506.758 |
7.532.985 |
|
. . Contributions for operating expenses |
|||
|
. . Different income and revenues |
6.541.648 |
7.506.758 |
7.532.985 |
|
Total value of production |
287.162.196 |
284.775.420 |
287.303.997 |
|
PRODUCTION COSTS |
|||
|
. Raw material,other materials and consum. |
195.853.991 |
190.964.441 |
201.920.019 |
|
. Services received |
31.346.437 |
33.832.078 |
32.657.080 |
|
. Leases and rentals |
2.726.671 |
3.421.641 |
3.731.071 |
|
. Payroll and related costs |
32.588.703 |
31.948.124 |
32.257.537 |
|
. . Wages and salaries |
23.405.476 |
22.721.564 |
23.077.737 |
|
. . Social security contributions |
7.453.562 |
7.460.299 |
7.462.306 |
|
. . Employee termination indemnities |
1.729.665 |
1.766.261 |
1.717.494 |
|
. . Pension and similar |
|||
|
. . Other costs |
|||
|
. Amortization and depreciation |
7.659.756 |
7.951.980 |
7.353.731 |
|
. . Amortization of intangible fixed assets |
796.399 |
666.054 |
477.502 |
|
. . Amortization of tangible fixed assets |
6.463.357 |
6.885.926 |
6.276.229 |
|
. . Depreciation of tangible fixed assets |
|||
|
. . Writedown of current receiv.and of liquid |
400.000 |
400.000 |
600.000 |
|
. Changes in raw materials |
-5.858.604 |
2.437.291 |
-6.598.815 |
|
. Provisions to risk reserves |
166.487 |
116.181 |
68.549 |
|
. Other provisions |
2.314.705 |
2.627.882 |
3.223.985 |
|
. Other operating costs |
1.729.051 |
2.020.015 |
1.457.100 |
|
Total production costs |
268.527.197 |
275.319.633 |
276.070.257 |
|
Diff. between value and cost of product. |
18.634.999 |
9.455.787 |
11.233.740 |
|
FINANCIAL INCOME AND EXPENSE |
|||
|
. Income from equity investments |
2.480.000 |
||
|
. . In subsidiary companies |
|||
|
. . In associated companies |
|||
|
. . In other companies |
|||
|
. Other financial income |
1.869.391 |
1.695.118 |
1.120.723 |
|
. . Financ.income from receivables |
|||
|
. . . Towards subsidiary companies |
|||
|
. . . Towards associated companies |
|||
|
. . . Towards holding companies |
|||
|
. . . Towards other companies |
|||
|
. . Financ.income from secur. t.f.assets |
70 |
5.742 |
26 |
|
. . 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 |
-2.262.883 |
-2.217.130 |
-754.692 |
|
. . Towards subsidiary companies |
|||
|
. . Towards associated companies |
|||
|
. . Towards holding companies |
|||
|
. . Towards other companies |
|||
|
Total financial income and expense |
-393.492 |
-522.012 |
2.846.031 |
|
ADJUSTMENTS TO FINANCIAL ASSETS |
|||
|
. Revaluations |
|||
|
. . Of equity investments |
|||
|
. . Of financ.fixed assets not repres.E.I. |
|||
|
. . Of securities incl.among current assets |
|||
|
. Devaluation |
-202.765 |
-228.342 |
-880.393 |
|
. . Of equity investments |
-202.765 |
-228.342 |
-873.420 |
|
. . Of financial fixed assets (no equity inv) |
-6.973 |
||
|
. . Of securities included among current ass |
|||
|
Total adjustments to financial assets |
-202.765 |
-228.342 |
-880.393 |
|
EXTRAORDINARY INCOME AND EXPENSE |
|||
|
. Extraordinary income |
1.103.977 |
||
|
. . Gains on disposals |
|||
|
. . Other extraordinary income |
1.103.977 |
||
|
. Extraordinary expense |
|||
|
. . Losses on disposals |
|||
|
. . Taxes relating to prior years |
|||
|
. . Other extraordinary expense |
|||
|
Total extraordinary income and expense |
1.103.977 |
||
|
Results before income taxes |
19.142.719 |
8.705.433 |
13.199.378 |
|
. Taxes on current income |
6.649.979 |
3.947.923 |
4.548.826 |
|
. . current taxes |
6.312.991 |
3.401.836 |
4.470.674 |
|
. . differed taxes(anticip.) |
336.988 |
546.087 |
78.152 |
|
. Net income for the period |
12.492.740 |
4.757.510 |
8.650.552 |
|
. Adjustments in tax regulations pursuance |
|||
|
. Provisions in tax regulations pursuance |
|||
|
. Profit (loss) of the year |
12.492.740 |
4.757.510 |
8.650.552 |
|
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 |
0,20 |
0,21 |
0,26 |
0,29 |
|
Elasticity Ratio |
Units |
0,80 |
0,78 |
0,73 |
0,70 |
|
Availability of stock |
Units |
0,28 |
0,32 |
0,29 |
0,20 |
|
Total Liquidity Ratio |
Units |
0,52 |
0,46 |
0,45 |
0,44 |
|
Quick Ratio |
Units |
0,05 |
0,00 |
0,00 |
0,02 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
1,53 |
1,80 |
2,19 |
2,43 |
|
Self Financing Ratio |
Units |
0,35 |
0,33 |
0,29 |
0,23 |
|
Capital protection Ratio |
Units |
0,78 |
0,85 |
0,78 |
0,67 |
|
Liabilities consolidation quotient |
Units |
0,08 |
0,09 |
0,05 |
0,25 |
|
Financing |
Units |
1,71 |
1,86 |
2,20 |
3,19 |
|
Permanent Indebtedness Ratio |
Units |
0,40 |
0,38 |
0,33 |
0,45 |
|
M/L term Debts Ratio |
Units |
0,05 |
0,05 |
0,03 |
0,12 |
|
Net Financial Indebtedness Ratio |
Units |
0,45 |
0,71 |
0,74 |
1,05 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
2,00 |
1,85 |
1,27 |
1,33 |
|
Current ratio |
Units |
1,37 |
1,33 |
1,14 |
1,19 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,89 |
0,78 |
0,69 |
0,85 |
|
Structure's primary quotient |
Units |
1,77 |
1,59 |
1,14 |
0,83 |
|
Treasury's primary quotient |
Units |
0,08 |
0,00 |
0,00 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
285,81 |
305,09 |
342,52 |
444,18 |
|
Current Capital ( net ) |
Value |
49.408.260 |
39.952.610 |
19.344.392 |
624.251 |
|
RETURN |
|||||
|
Return on Sales |
% |
6,97 |
4,72 |
5,66 |
4,19 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
15,66 |
7,07 |
13,84 |
3,73 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
23,99 |
12,94 |
21,11 |
10,24 |
|
Return on Investment ( R.O.I. ) |
% |
8,17 |
4,61 |
5,25 |
3,57 |
|
Return/ Sales |
% |
6,45 |
3,51 |
3,97 |
4,06 |
|
Extra Management revenues/charges incid. |
% |
67,04 |
50,31 |
77,01 |
36,96 |
|
Cash Flow |
Value |
20.152.496 |
12.709.490 |
16.004.283 |
454.721 |
|
Operating Profit |
Value |
18.634.999 |
9.455.787 |
11.233.740 |
273.888 |
|
Gross Operating Margin |
Value |
28.775.947 |
20.151.830 |
21.880.005 |
746.996 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
51,45 |
50,56 |
56,82 |
98,04 |
|
Debts to suppliers average term |
Days |
127,73 |
113,34 |
127,62 |
119,44 |
|
Average stock waiting period |
Days |
79,85 |
89,04 |
77,99 |
74,52 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,27 |
1,31 |
1,32 |
1,04 |
|
Rate of stock return |
Units |
4,51 |
4,04 |
4,62 |
4,83 |
|
Labour cost incidence |
% |
11,28 |
11,86 |
11,41 |
17,40 |
|
Net financial revenues/ charges incidence |
% |
-0,14 |
-0,19 |
1,01 |
-1,36 |
|
Labour cost on purchasing expenses |
% |
12,14 |
11,60 |
11,68 |
17,64 |
|
Short-term financing charges |
% |
1,66 |
1,78 |
0,55 |
3,12 |
|
Capital on hand |
% |
78,92 |
76,19 |
75,74 |
95,61 |
|
Sales pro employee |
Value |
413.983 |
383.765 |
399.341 |
207.079 |
|
Labour cost pro employee |
Value |
46.688 |
45.510 |
45.561 |
34.709 |
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 333 significant companies.
The companies cash their credits on an average of 98 dd.
The average duration of suppliers debts is about 119 dd.
The sector's profitability is on an average of 4,19%.
The labour cost affects the turnover in the measure of 17,40%.
Goods are held in stock in a range of 75 dd.
The difference between the sales volume and the resources used to
realize it is about 1,04.
The employees costs represent the 17,64% of the production costs.
Statistical
Detrimental Data
Statistcally 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 1.775.
The insolvency index for the region is 0,46, , while for the province it
is 0,38.
Total Bankrupt companies in the province : 1.365.
Total Bankrupt companies in the region : 14.698.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.33 |
|
|
1 |
Rs.99.68 |
|
Euro |
1 |
Rs.80.30 |
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.