MIRA
INFORM REPORT
|
Report Date : |
03.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
MANIFATTURE*7 BELL S.P.A. |
|
|
|
|
Registered Office : |
Via Buozzi, 172, 50013 - Campi Bisenzio (FI) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
01.06.1955 |
|
|
|
|
Legal Form : |
Joint stock company with sole shareholder |
|
|
|
|
Line of Business : |
·
Manufacture of apparel (except fur apparel) ·
Manufacture of workwear |
|
|
|
|
No. of Employees : |
from 26 to 35 |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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
MANIFATTURE*7 BELL S.P.A.
Via Buozzi, 172
50013 - Campi Bisenzio (FI) -IT-
Summary
|
Fiscal Code |
: |
00431820489 |
|
Legal Form |
: |
Joint stock company with sole shareholder |
|
start of Activities |
: |
17/11/1960 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
20.000.000/25.000.000 |
|
Number of Employees |
: |
from 26 to 35 |
Activity
Manufacture of apparel (except fur apparel)
Manufacture of workwear
Legal Data
Legal Form : Joint stock company with sole shareholder
|
Fiscal Code : 00431820489 |
|
Foreign Trade Reg. no. : FI034566 since 23/01/1992 |
|
Chamber of Commerce no. : 141526 of Firenze since 13/06/1955 |
|
Chamber of Commerce no. : 1826554 of Milano |
|
Chamber of Commerce no. : 141526 of Prato |
|
Firms' Register : FI017-25463 of Firenze since 19/02/1996 |
|
V.A.T. Code : 00431820489 |
|
Foundation date |
: 01/06/1955 |
|
|
Establishment date |
: 01/06/1955 |
|
|
Start of Activities |
: 17/11/1960 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 1.040.000 |
|
|
Subscribed Capital |
: 1.040.000 |
|
|
Paid up Capital |
: 1.040.000 |
|
Members
|
|
Biondi |
Niccolo' |
|
|
|
Born in Firenze |
(FI) |
on 04/07/1981 |
- Fiscal Code : BNDNCL81L04D612C |
|
|
|
Residence: |
|
Venti Settembre |
, 52 |
- 50129 |
Firenze |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
20/05/2013 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Seven Bell Group S.r.l. |
|
|
|
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
02/08/2013 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
Companies connected to members *
*checkings have been performed on a national scale.
In this module are listed the companies in which members hold or have
holded positions.
|
|
Biondi |
Niccolo' |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Seven Retail - Societa' A Responsabilita' Limitata |
Firenze (FI) - IT - |
06345570482 |
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 |
|
Seven Bell Group S.r.l. |
|
06377900482 |
|
100,00 |
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 |
|
|
|
|
|
|
|
Buozzi |
, 172 |
- 50013 |
- Campi Bisenzio |
(FI) |
- IT - |
|
|
|
|
Total Surface: 122 Sq.mt. |
|
|
|
|
PHONE |
: 0558963306 |
|
|
|
|
FAX |
: 0558963080 |
|
- |
Branch |
(Warehouse) |
since 10/04/2009 |
|
|
|
|
|
|
Mugellese |
, 34 |
- 50013 |
- Campi Bisenzio |
(FI) |
- IT - |
|
- |
Branch |
(Store) |
since 31/03/2011 |
|
|
|
|
|
|
Maestri Del Lavoro |
, 41/43 |
- 50013 |
- Campi Bisenzio |
(FI) |
- IT - |
|
- |
Branch |
(Shop) |
since 03/10/2012 |
|
|
|
|
|
|
Calimala |
, 27/R |
- 50100 |
- Firenze |
(FI) |
- IT - |
|
|
|
|
Trading Style: ROY ROGER'S |
|
|
|
|
Total Surface: 122 Sq.mt. |
|
- |
Branch |
(Workshop) |
since 01/03/1974 |
|
|
|
|
|
|
Vittorio Alfieri |
- 50013 |
- Campi Bisenzio |
(FI) |
- IT - |
|
- |
Branch |
|
since 01/03/1977 |
|
|
|
|
|
|
Privata Giovannelli Ridolfi |
- 50045 |
- Montemurlo |
(PO) |
- IT - |
|
- |
Branch |
(Store) |
since 01/06/1984 |
|
|
|
|
|
|
Delle Calandre |
, 17 |
- 50041 |
- Calenzano |
(FI) |
- IT - |
|
- |
Branch |
(Shop) |
since 27/11/2006 |
|
|
|
|
|
|
Di Porta Ticinese |
, 103 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
- |
Branch |
|
since 01/03/2013 |
|
|
|
|
|
|
Morimondo |
, 26 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
- |
Branch |
(Showroom) |
since 01/06/2013 |
|
|
|
|
|
|
Morimondo |
, 23 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
- |
Branch |
(Store) |
since 01/03/1981 |
|
|
|
|
|
|
Castagnevizza |
- 50047 |
- Prato |
(PO) |
- IT - |
|
|
|
|
Employees |
: 33 |
|
Fittings and Equipment for a value of 1.010.000 |
Eur |
|
Stocks for a value of 2.580.000 |
Eur |
|
Furniture and fittingsfor a good value. |
|
Vehiclesfor a good value. |
Trade organization: direct or by agents.
Sales are mainly addressed to Northern Italy
|
|
The firm operates abroad as importer..
To purchase foreign products the firm uses the following channels :
|
- direct orders to foreign companies |
Import comes generally from the following nations:
|
- Austria |
|
- Greece |
|
- France |
|
- Spain |
|
- Belgium |
|
- Holland |
Historical Information and/or Firm's Status
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
De facto company |
General partnership |
11/02/1977 |
|
General partnership |
Joint stock company |
04/09/1978 |
COMPANY STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Manifatture 7 Bell dei F.lli Bacci Francesco e Mario Snc |
|
04/09/1978 |
EX-MEMBERS / EX-POSITIONS:
|
|
Comparini |
Carlo |
|
|
|
Born in Firenze |
(FI) |
on 30/04/1940 |
- Fiscal Code : CMPCRL40D30D612H |
|
|
|
Residence: |
|
Donatello |
, 5/A |
- 50100 |
Firenze |
(FI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Targioni |
Enzo |
|
|
|
Born in CAMPI BISENZIO |
(FI) |
on 03/09/1916 |
- Fiscal Code : TRGNZE16P03B507D |
|
|
|
Residence: |
|
Signoria |
, 4 |
- 50100 |
Firenze |
(FI) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
Scarsella |
Romolo |
|
|
|
Born in Firenze |
(FI) |
on 07/04/1960 |
- Fiscal Code : SCRRML60D07D612B |
|
|
|
Residence: |
|
Donatello |
, 5/A |
- 50100 |
Firenze |
(FI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Margheri |
Marco |
|
|
|
Born in Firenze |
(FI) |
on 02/07/1959 |
- Fiscal Code : MRGMRC59L02D612X |
|
|
|
Fiscal residence: |
|
Del Tempio |
, 34/4 |
- 50100 |
Firenze |
(FI) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
Bacci |
Francesca |
|
|
|
Born in Firenze |
(FI) |
on 18/06/1961 |
- Fiscal Code : BCCFNC61H58D612L |
|
|
|
Fiscal residence: |
|
Del Tempio |
, 34/1 |
- 50100 |
Firenze |
(FI) |
- IT - |
|
Ex-Postions |
|
Chairman |
|
|
Biondi |
Fulvio |
|
|
|
Born in Firenze |
(FI) |
on 09/02/1951 |
- Fiscal Code : BNDFLV51B09D612F |
|
|
|
Residence: |
|
Benedetto Varchi |
, 28 |
- 50100 |
Firenze |
(FI) |
- IT - |
|
Ex-Postions |
|
Sole Director |
|
Sole Director |
|
Managing Director |
|
|
Bacci Francesco |
|
|
|
|
Born in Campi Bisenzio |
(FI) |
on 08/02/1928 |
- Fiscal Code : BCCFNC28B08B507T |
|
|
|
Fiscal residence: |
|
B. da Foiano |
, 10 |
- 50100 |
Firenze |
(FI) |
- IT - |
|
Ex-Postions |
|
Sole Director |
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 1960.
The eonomic-financial analysis is based on the latest 3 b/s.
During the last years, it achieved profits (r.o.e. 0,33% on 2012)
The operating result was positive in the last financial year (0,28%) and
in line with the sector's average.
The amount of the operating result is equal to Eur. 68.390 with a
-98,05% drop.
The G.O.M. amounted to Eur. 652.938 showing a downward trend as opposed
to the previous year.
From a financial aspect the company's status covers total short-term
debts; the indebtedness volume in 2012 is in fact 0,03
With regard to equity capital, an amount of Eur. 17.568.008 is
registered. , unchanged as opposed to the preceding year.
During the last financial year debts totalled Eur. 6.529.799 (Eur.
258.230 of which were m/l term debts) with no important change.
Bank and suppliers credit recourse is limited, 83,18 gg. is payment
average period below field's average.
The management determines a good range of liquidity.
Accounts receivable average term is high (146,63 days). besides being
higher than the sector's average.
As far as the cash flow is concerned during the latest financial year it
amounted to Eur. 642.229
Labour cost amounts to Eur. 1.840.080, with a 8,22% incidence on
production costs. , whereas 8,15% is the incidence on sales revenues.
If compared to the sales volume (-0,07%), the impact of the financial
charges is limited.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
22.564.858 |
|
Profit (Loss) for the period |
57.681 |
|
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
28.319.706 |
|
Profit (Loss) for the period |
2.415.286 |
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
31.261.845 |
|
Profit (Loss) for the period |
3.410.447 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
31.991.960 |
|
Profit (Loss) for the period |
4.130.306 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
27.443.309 |
|
Current assets |
15.606.303 |
|
Shareholders' equity |
8.454.289 |
|
Net profit |
3.480.933 |
|
Trade accounts payable |
5.228.515 |
|
Total debt |
7.313.015 |
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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PROFIT AND LOSS ACCOUNTS
|
VALUE OF PRODUCTION |
|
|
|
|
. Revenues from sales and services |
22.564.858 |
28.319.706 |
31.261.845 |
|
. Changes in work in progress |
-183.204 |
441.054 |
788.949 |
|
. Changes in semi-manufact. products |
|
|
|
|
. Capitalization of internal work |
|
|
|
|
. Other income and revenues |
61.222 |
231.690 |
10.994 |
|
. . Contributions for operating expenses |
|
|
|
|
. . Different income and revenues |
61.222 |
231.690 |
10.994 |
|
Total value of production |
22.442.876 |
28.992.450 |
32.061.788 |
|
PRODUCTION COSTS |
|
|
|
|
. Raw material,other materials and consum. |
6.220.125 |
8.165.364 |
8.206.705 |
|
. Services received |
12.013.085 |
14.638.359 |
15.811.983 |
|
. Leases and rentals |
881.240 |
408.742 |
402.390 |
|
. Payroll and related costs |
1.840.080 |
1.727.850 |
1.658.842 |
|
. . Wages and salaries |
1.394.503 |
1.298.023 |
1.233.919 |
|
. . Social security contributions |
349.378 |
334.741 |
337.254 |
|
. . Employee termination indemnities |
96.199 |
95.086 |
87.669 |
|
. . Pension and similar |
|
|
|
|
. . Other costs |
|
|
|
|
. Amortization and depreciation |
584.548 |
323.973 |
333.116 |
|
. . Amortization of intangible fixed assets |
370.393 |
108.490 |
125.947 |
|
. . Amortization of tangible fixed assets |
147.942 |
146.444 |
139.646 |
|
. . Depreciation of tangible fixed assets |
|
|
|
|
. . Writedown of current receiv.and of liquid |
66.213 |
69.039 |
67.523 |
|
. Changes in raw materials |
183.196 |
-166.910 |
164.621 |
|
. Provisions to risk reserves |
|
|
|
|
. Other provisions |
|
|
|
|
. Other operating costs |
652.212 |
382.929 |
421.376 |
|
Total production costs |
22.374.486 |
25.480.307 |
26.999.033 |
|
Diff. between value and cost of product. |
68.390 |
3.512.143 |
5.062.755 |
|
FINANCIAL INCOME AND EXPENSE |
|
|
|
|
. Income from equity investments |
|
|
|
|
. . In subsidiary companies |
|
|
|
|
. . In associated companies |
|
|
|
|
. . In other companies |
|
|
|
|
. Other financial income |
11.152 |
42.930 |
10.191 |
|
. . 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 |
-26.877 |
-13.764 |
-13.834 |
|
. . Towards subsidiary companies |
|
|
|
|
. . Towards associated companies |
|
|
|
|
. . Towards holding companies |
|
|
|
|
. . Towards other companies |
|
|
|
|
Total financial income and expense |
-15.725 |
29.166 |
-3.643 |
|
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 |
93.940 |
73.137 |
50.994 |
|
. . Gains on disposals |
|
|
|
|
. . Other extraordinary income |
93.940 |
73.137 |
50.994 |
|
. Extraordinary expense |
-698 |
-11.300 |
-5.322 |
|
. . Losses on disposals |
|
|
|
|
. . Taxes relating to prior years |
|
|
|
|
. . Other extraordinary expense |
-698 |
-11.300 |
-5.322 |
|
Total extraordinary income and expense |
93.242 |
61.837 |
45.672 |
|
Results before income taxes |
145.907 |
3.603.146 |
5.104.784 |
|
. Taxes on current income |
88.226 |
1.187.860 |
1.694.337 |
|
. . current taxes |
88.226 |
1.187.860 |
1.694.337 |
|
. . differed taxes(anticip.) |
|
|
|
|
. Net income for the period |
57.681 |
2.415.286 |
3.410.447 |
|
. Adjustments in tax regulations pursuance |
|
|
|
|
. Provisions in tax regulations pursuance |
|
|
|
|
. Profit (loss) of the year |
57.681 |
2.415.286 |
3.410.447 |
|
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 |
0,22 |
0,13 |
0,05 |
0,14 |
|
Elasticity Ratio |
Units |
0,77 |
0,87 |
0,94 |
0,84 |
|
Availability of stock |
Units |
0,10 |
0,11 |
0,10 |
0,24 |
|
Total Liquidity Ratio |
Units |
0,66 |
0,75 |
0,84 |
0,53 |
|
Quick Ratio |
Units |
0,23 |
0,34 |
0,48 |
0,03 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
0,03 |
n.c. |
n.c. |
3,78 |
|
Self Financing Ratio |
Units |
0,71 |
0,68 |
0,64 |
0,17 |
|
Capital protection Ratio |
Units |
0,94 |
0,80 |
0,71 |
0,66 |
|
Liabilities consolidation quotient |
Units |
0,13 |
0,11 |
0,10 |
0,14 |
|
Financing |
Units |
0,37 |
0,44 |
0,53 |
4,55 |
|
Permanent Indebtedness Ratio |
Units |
0,74 |
0,71 |
0,67 |
0,33 |
|
M/L term Debts Ratio |
Units |
0,03 |
0,03 |
0,03 |
0,09 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
0,00 |
1,26 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
3,33 |
5,53 |
13,15 |
1,87 |
|
Current ratio |
Units |
3,03 |
3,03 |
2,88 |
1,17 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
2,62 |
2,63 |
2,58 |
0,79 |
|
Structure's primary quotient |
Units |
3,19 |
5,28 |
12,52 |
1,13 |
|
Treasury's primary quotient |
Units |
0,92 |
1,18 |
1,48 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
141,22 |
147,57 |
157,34 |
587,75 |
|
Current Capital ( net ) |
Value |
12.745.811 |
15.003.797 |
14.639.437 |
209.248 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
2,85 |
9,67 |
11,97 |
2,26 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
0,33 |
13,79 |
22,59 |
3,48 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
0,83 |
20,58 |
33,82 |
12,19 |
|
Return on Investment ( R.O.I. ) |
% |
0,28 |
13,59 |
21,32 |
3,83 |
|
Return/ Sales |
% |
0,30 |
12,40 |
16,19 |
3,45 |
|
Extra Management revenues/charges incid. |
% |
84,34 |
68,77 |
67,36 |
20,46 |
|
Cash Flow |
Value |
642.229 |
2.739.259 |
3.743.563 |
50.400 |
|
Operating Profit |
Value |
68.390 |
3.512.143 |
5.062.755 |
68.610 |
|
Gross Operating Margin |
Value |
652.938 |
3.836.116 |
5.395.871 |
124.742 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
146,63 |
113,76 |
83,45 |
120,68 |
|
Debts to suppliers average term |
Days |
83,18 |
78,63 |
75,86 |
115,81 |
|
Average stock waiting period |
Days |
41,22 |
37,50 |
26,97 |
78,40 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,91 |
1,10 |
1,32 |
1,14 |
|
Rate of stock return |
Units |
8,73 |
9,60 |
13,35 |
4,57 |
|
Labour cost incidence |
% |
8,15 |
6,10 |
5,31 |
12,27 |
|
Net financial revenues/ charges incidence |
% |
-0,07 |
0,10 |
-0,01 |
-1,84 |
|
Labour cost on purchasing expenses |
% |
8,22 |
6,78 |
6,14 |
12,16 |
|
Short-term financing charges |
% |
0,41 |
0,18 |
0,17 |
3,35 |
|
Capital on hand |
% |
109,94 |
91,24 |
75,97 |
87,41 |
|
Sales pro employee |
Value |
609.861 |
809.134 |
868.384 |
245.343 |
|
Labour cost pro employee |
Value |
49.731 |
49.367 |
46.078 |
32.046 |
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 864 significant companies.
The companies cash their credits on an average of 121 dd.
The average duration of suppliers debts is about 116 dd.
The sector's profitability is on an average of 2,26%.
The labour cost affects the turnover in the measure of 12,27%.
Goods are held in stock in a range of 78 dd.
The difference between the sales volume and the resources used to
realize it is about 1,14.
The employees costs represent the 12,16% of the production costs.
Statistical Detrimental Data
Statistically the trade activity passes through serious crises.
The area is statistically considered moderately risky.
In the region 24.960 protested subjects are found; in the province they
count to 5.242.
The insolvency index for the region is 0,70, , while for the province it
is 0,55.
Total Bankrupt companies in the province : 6.520.
Total Bankrupt companies in the region : 20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.07 |
|
|
1 |
Rs.103.61 |
|
Euro |
1 |
Rs.85.03 |
INFORMATION DETAILS
|
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.