MIRA INFORM REPORT
|
Report Date : |
20.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
AZIENDA METALLI LAMINATI SPA |
|
|
|
|
Registered Office : |
Viale Beatrice D'este, 0012, 20122 – Milano (MI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
28.07.1972 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
Manufacture of tubes, pipes, hollow profiles and related fittings in steel
(except those in refined steel) |
|
|
|
|
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 |
|
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
AZIENDA METALLI LAMINATI SPA
Viale Beatrice D'este, 0012
20122 – Milano (MI) -IT-
Summary
|
Fiscal Code |
: |
01037030010 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
28/07/1982 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
20.000.000/25.000.000 |
|
Number of Employees |
: |
from 26 to 35 |
Activity
Manufacture of tubes, pipes, hollow profiles and related fittings in
steel (except those in refined steel)
Legal
Data
Legal Form : Joint stock company
|
Fiscal Code : 01037030010 |
|
Foreign Trade Reg. no. : MI027181 since 11/12/1991 |
|
Foreign Trade Reg. no. : 027181 of Milano since 11/12/1991 |
|
Foreign Trade Reg. no. : 9715327 of Milano since 07/12/1982 |
|
Chamber of Commerce no. : 108716 of Alessandria since 02/09/1972 |
|
Chamber of Commerce no. : 1105595 of Milano since 23/07/1982 |
|
Chamber of Commerce no. : 457187 of Torino |
|
Firms' Register : MI146-215466 of Milano since 19/02/1996 |
|
V.A.T. Code : 06529320159 |
|
Tribunal Co. Register : 215466 of since 01/07/1982 |
|
Foundation date |
: 28/07/1982 |
|
|
Establishment date |
: 28/07/1972 |
|
|
Start of Activities |
: 28/07/1982 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 1.000.000 |
|
|
Subscribed Capital |
: 1.000.000 |
|
|
Paid up Capital |
: 1.000.000 |
Members
|
|
Colonna |
Giorgio |
|
|
Born in Alessandria |
(AL) |
on 26/09/1939 |
- Fiscal Code : CLNGRG39P26A182B |
|
|
Residence: |
T.borsalino |
, 18 |
- 15100 |
Alessandria |
(AL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
27/04/2012 |
|
|
Dogliolo |
Bruno |
|
|
Born in Alessandria |
(AL) |
on 23/01/1946 |
- Fiscal Code : DGLBRN46A23A182Z |
|
|
Residence: |
Borsalino |
, 19 |
- 15100 |
Alessandria |
(AL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
27/04/2012 |
|
|
Colonna |
Fabrizio |
|
|
Born in Alessandria |
(AL) |
on 10/01/1942 |
- Fiscal Code : CLNFRZ42A10A182X |
|
|
Residence: |
Crimea |
, 0089 |
- 15100 |
Alessandria |
(AL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
27/04/2012 |
||
|
Board Chairman |
27/04/2012 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Canziani |
Pier Luca |
|
|
Born in Alessandria |
(AL) |
on 24/09/1966 |
- Fiscal Code : CNZPLC66P24A182G |
|
|
Residence: |
B. Mantelli |
, 9 |
- 15100 |
Alessandria |
(AL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
27/04/2012 |
||
|
Managing Director |
27/04/2012 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Colonna |
Jacopo |
|
|
Born in Alessandria |
(AL) |
on 15/04/1969 |
- Fiscal Code : CLNJCP69D15A182T |
|
|
Residence: |
Giosue Carducci |
, 3 |
- 15121 |
Alessandria |
(AL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
27/04/2012 |
||
|
Managing Director |
27/04/2012 |
|
|
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.
|
|
Colonna |
Jacopo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Tfw S.r.l. |
Quargnento (AL) - IT - |
02405280062 |
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 |
|
Colonna Fabrizio |
Alessandria - IT - |
CLNFRZ42A10A182X |
730.000 .Eur |
73,00 |
|
Dogliolo Massimo |
Castelletto Monferrato - IT - |
DGLMSM74D24A182B |
120.000 .Eur |
12,00 |
|
Canziani Pier Luca |
Alessandria - IT - |
CNZPLC66P24A182G |
50.000 .Eur |
5,00 |
|
Colonna Jacopo |
Alessandria - IT - |
CLNJCP69D15A182T |
100.000 .Eur |
10,00 |
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 |
|
Mino S.p.a. |
Alessandria - IT - |
01305950063 |
19.733 .Eur |
0,67 |
Active |
||
|
Edm S.r.l. Elettronica Industriale |
Brendola - IT - |
02477830240 |
32.537 .Eur |
9,00 |
Active |
Firm's
location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
Beatrice D'este |
, 0012 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
PHONE |
: 0131219465 |
|
FAX |
: 0131219184 |
|
- |
Branch |
(Factory) |
since 09/11/1982 |
|
Alessandria |
, 16 |
- 15044 |
- Quargnento |
(AL) |
- IT - |
|
PHONE |
: 0131219465 |
|
Employees |
: 32 |
|
Fittings and Equipment for a value of 1.110.000 |
Eur |
|
Stocks for a value of 3.040.000 |
Eur |
The firm operates abroad as importer / exporter..
To purchase foreign products the firm uses the following channels :
|
- direct orders to foreign companies |
Export represents up to 20% of the global turnover.
Products abroad are placed by :
|
- direct orders from foreign companies |
Export is mainly towards:
|
- Greece |
|
- Ireland |
|
- Hungary |
|
- Bulgaria |
Historical
Information and/or Firm's Status
EX-MEMBERS / EX-POSITIONS:
|
|
Colonna |
Giorgio |
|
|
Born in Alessandria |
(AL) |
on 26/09/1939 |
- Fiscal Code : CLNGRG39P26A182B |
|
|
Residence: |
T.borsalino |
, 18 |
- 15100 |
Alessandria |
(AL) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Director |
|
|
Dogliolo |
Bruno |
|
|
Born in Alessandria |
(AL) |
on 23/01/1946 |
- Fiscal Code : DGLBRN46A23A182Z |
|
|
Residence: |
Borsalino |
, 19 |
- 15100 |
Alessandria |
(AL) |
- IT - |
|
Ex-Postions |
|
Chairman |
|
|
Colonna |
Fabrizio |
|
|
Born in Alessandria |
(AL) |
on 10/01/1942 |
- Fiscal Code : CLNFRZ42A10A182X |
|
|
Residence: |
Crimea |
, 0089 |
- 15100 |
Alessandria |
(AL) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
Dogliolo |
Massimo |
|
|
Born in Alessandria |
(AL) |
on 24/04/1974 |
- Fiscal Code : DGLMSM74D24A182B |
|
|
Residence: |
Bonfantino |
, 27 |
- 15040 |
Castelletto Monferrato |
(AL) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Colonna |
Jacopo |
|
|
Born in Alessandria |
(AL) |
on 15/04/1969 |
- Fiscal Code : CLNJCP69D15A182T |
|
|
Residence: |
Giosue Carducci |
, 3 |
- 15121 |
Alessandria |
(AL) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
REPETTO |
LARA |
|
|
Born in NOVI LIGURE |
(AL) |
on 30/06/1971 |
- Fiscal Code : RPTLRA71H70F965O |
|
|
Residence: |
SERRA |
, 48 |
- 15060 |
Bosio |
(AL) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
CEASINGS/INCORPORATIONS/MERGES:
|
|
The firm absorved |
|
|
|
|
, QUARGNENTO |
- IT - |
|
|
Date |
: |
01/01/1985 |
|
|
The firm absorbed by merging of |
|
|
|
|
, 15044 |
, Quargnento |
(AL) |
- IT - |
|
|
Date |
: |
01/01/1985 |
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 1982.
The economic-financial analysis has been made on the base of the b/s of
the latests three years.
During the last years, it recorded positive net results (r.o.e. 0,38% in
2012)
The operating result in 2012 was positive (2,31%) and in line with the
sector's average.
The amount of the operating result is equal to Eur. 428.872 with an increase
of more then 100% if the compared to the previous financial year.
A gross operating margine for a value of Eur. 898.709 was reached. with
a 36,11% increase as opposed to the preceding year.
The analysis shows a fair financial position as the indebtedness volume
is acceptable (3,07) yet on the increase as against the previous accounting
period.
Subject can manage an equity capital funds for an amount of Eur.
3.553.160 , unchanged if compared to 2011.
In the year 2012 total debts amounted to Eur. 14.635.688 , showing an
upward trend if compared to 2011.
Bank borrowings' volume is slightly high but it modestly dips into
suppliers credit, 31,18 gg. is the payments' average time below the sector's
average.
Liquidity is fairly lacking.
Trade credits average terms are 67,34 days. , shorter than the sector's
average.
During financial year 2012 the cash flow amounted to Eur. 483.364
Labour cost amounts to Eur. 1.642.971, with a 7,05% incidence on
production costs. and a 7,14% incidence on sales volumes.
Financial charges have a high incidence (-1,75%) on turnover figures.
Financial
Data
|
|
Complete balance-sheet for the year |
31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
23.014.860 |
|
Profit (Loss) for the period |
13.527 |
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
27.790.478 |
|
Profit (Loss) for the period |
17.256 |
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
19.650.520 |
|
Profit (Loss) for the period |
274.331 |
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
11.728.473 |
|
Profit (Loss) for the period |
17.488 |
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
16.093.521 |
|
Profit (Loss) for the period |
23.255 |
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 |
23.014.860 |
27.790.478 |
19.650.520 |
|
. Changes in work in progress |
210.643 |
-168.633 |
254.651 |
|
. Changes in semi-manufact. products |
|||
|
. Capitalization of internal work |
431.606 |
277.578 |
|
|
. Other income and revenues |
74.977 |
72.182 |
279.901 |
|
. . Contributions for operating expenses |
|||
|
. . Different income and revenues |
74.977 |
72.182 |
279.901 |
|
Total value of production |
23.732.086 |
27.971.605 |
20.185.072 |
|
PRODUCTION COSTS |
|||
|
. Raw material,other materials and consum. |
20.894.770 |
24.370.703 |
17.032.310 |
|
. Services received |
1.314.938 |
1.167.940 |
934.265 |
|
. Leases and rentals |
7.171 |
2.389 |
3.551 |
|
. Payroll and related costs |
1.642.971 |
1.677.988 |
1.480.602 |
|
. . Wages and salaries |
1.172.137 |
1.206.175 |
1.066.036 |
|
. . Social security contributions |
378.956 |
384.871 |
339.105 |
|
. . Employee termination indemnities |
91.878 |
86.942 |
75.461 |
|
. . Pension and similar |
|||
|
. . Other costs |
|||
|
. Amortization and depreciation |
469.837 |
454.428 |
514.766 |
|
. . Amortization of intangible fixed assets |
8.575 |
6.259 |
7.247 |
|
. . Amortization of tangible fixed assets |
456.262 |
442.436 |
479.177 |
|
. . Depreciation of tangible fixed assets |
|||
|
. . Writedown of current receiv.and of liquid |
5.000 |
5.733 |
28.342 |
|
. Changes in raw materials |
-1.085.879 |
41.740 |
-155.923 |
|
. Provisions to risk reserves |
|||
|
. Other provisions |
|||
|
. Other operating costs |
59.406 |
50.582 |
55.619 |
|
Total production costs |
23.303.214 |
27.765.770 |
19.865.190 |
|
Diff. between value and cost of product. |
428.872 |
205.835 |
319.882 |
|
FINANCIAL INCOME AND EXPENSE |
|||
|
. Income from equity investments |
18.493 |
8.117 |
|
|
. . In subsidiary companies |
|||
|
. . In associated companies |
|||
|
. . In other companies |
|||
|
. Other financial income |
40.273 |
121.769 |
94.754 |
|
. . 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 |
-442.298 |
-356.255 |
-165.071 |
|
. . Towards subsidiary companies |
|||
|
. . Towards associated companies |
|||
|
. . Towards holding companies |
|||
|
. . Towards other companies |
|||
|
Total financial income and expense |
-402.025 |
-215.993 |
-62.200 |
|
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 |
50.305 |
84.928 |
24.128 |
|
. . Gains on disposals |
77.473 |
||
|
. . Other extraordinary income |
50.305 |
7.455 |
24.128 |
|
. Extraordinary expense |
-9.755 |
-1.805 |
-5.422 |
|
. . Losses on disposals |
|||
|
. . Taxes relating to prior years |
|||
|
. . Other extraordinary expense |
-9.755 |
-1.805 |
-5.422 |
|
Total extraordinary income and expense |
40.550 |
83.123 |
18.706 |
|
Results before income taxes |
67.397 |
72.965 |
276.388 |
|
. Taxes on current income |
53.870 |
55.709 |
2.057 |
|
. . current taxes |
70.884 |
75.266 |
28.137 |
|
. . differed taxes(anticip.) |
-17.014 |
-19.557 |
-26.080 |
|
. Net income for the period |
13.527 |
17.256 |
274.331 |
|
. Adjustments in tax regulations pursuance |
|||
|
. Provisions in tax regulations pursuance |
|||
|
. Profit (loss) of the year |
13.527 |
17.256 |
274.331 |
|
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 |
0,59 |
0,62 |
0,51 |
0,33 |
|
Elasticity Ratio |
Units |
0,41 |
0,38 |
0,48 |
0,64 |
|
Availability of stock |
Units |
0,16 |
0,11 |
0,13 |
0,22 |
|
Total Liquidity Ratio |
Units |
0,25 |
0,27 |
0,36 |
0,41 |
|
Quick Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,01 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
3,07 |
1,93 |
1,70 |
1,76 |
|
Self Financing Ratio |
Units |
0,19 |
0,23 |
0,23 |
0,28 |
|
Capital protection Ratio |
Units |
0,71 |
0,71 |
0,64 |
0,65 |
|
Liabilities consolidation quotient |
Units |
0,38 |
0,73 |
0,99 |
0,21 |
|
Financing |
Units |
4,12 |
3,26 |
3,32 |
2,32 |
|
Permanent Indebtedness Ratio |
Units |
0,41 |
0,55 |
0,61 |
0,44 |
|
M/L term Debts Ratio |
Units |
0,22 |
0,32 |
0,38 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
3,52 |
2,47 |
2,12 |
1,23 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
0,70 |
0,90 |
1,19 |
1,38 |
|
Current ratio |
Units |
0,70 |
0,85 |
1,25 |
1,17 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,42 |
0,60 |
0,93 |
0,80 |
|
Structure's primary quotient |
Units |
0,33 |
0,37 |
0,44 |
0,84 |
|
Treasury's primary quotient |
Units |
0,00 |
0,00 |
0,00 |
0,02 |
|
Rate of indebtedness ( Leverage ) |
% |
523,41 |
435,01 |
440,18 |
353,85 |
|
Current Capital ( net ) |
Value |
-3.238.828 |
-993.633 |
1.515.051 |
1.089.006 |
|
RETURN |
|||||
|
Return on Sales |
% |
2,10 |
1,70 |
4,02 |
4,21 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
0,38 |
0,49 |
7,79 |
5,65 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
1,90 |
2,06 |
7,85 |
10,45 |
|
Return on Investment ( R.O.I. ) |
% |
2,31 |
1,34 |
2,06 |
5,10 |
|
Return/ Sales |
% |
1,86 |
0,74 |
1,63 |
5,37 |
|
Extra Management revenues/charges incid. |
% |
3,15 |
8,38 |
85,76 |
32,26 |
|
Cash Flow |
Value |
483.364 |
471.684 |
789.097 |
656.826 |
|
Operating Profit |
Value |
428.872 |
205.835 |
319.882 |
725.724 |
|
Gross Operating Margin |
Value |
898.709 |
660.263 |
834.648 |
1.207.677 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
67,34 |
50,78 |
99,67 |
103,53 |
|
Debts to suppliers average term |
Days |
31,18 |
34,68 |
78,26 |
107,64 |
|
Average stock waiting period |
Days |
47,61 |
22,63 |
35,86 |
64,91 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,24 |
1,80 |
1,27 |
1,09 |
|
Rate of stock return |
Units |
7,56 |
15,91 |
10,04 |
5,55 |
|
Labour cost incidence |
% |
7,14 |
6,04 |
7,53 |
10,69 |
|
Net financial revenues/ charges incidence |
% |
-1,75 |
-0,78 |
-0,32 |
-1,62 |
|
Labour cost on purchasing expenses |
% |
7,05 |
6,04 |
7,45 |
11,43 |
|
Short-term financing charges |
% |
3,02 |
3,09 |
1,41 |
3,56 |
|
Capital on hand |
% |
80,81 |
55,41 |
78,90 |
91,63 |
|
Sales pro employee |
Value |
719.214 |
896.467 |
655.017 |
358.274 |
|
Labour cost pro employee |
Value |
51.342 |
54.128 |
49.353 |
35.860 |
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 185 significant companies.
The companies cash their credits on an average of 104 dd.
The average duration of suppliers debts is about 108 dd.
The sector's profitability is on an average of 4,21%.
The labour cost affects the turnover in the measure of 10,69%.
Goods are held in stock in a range of 65 dd.
The difference between the sales volume and the resources used to
realize it is about 1,09.
The employees costs represent the 11,43% 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 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.61.10 |
|
|
1 |
Rs.101.41 |
|
Euro |
1 |
Rs.85.08 |
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.