|
Report Date : |
08.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
IVARS S.P.A. |
|
|
|
|
Registered Office : |
Via Gargna, 23/A 25078 – Vestone (BS)-IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
26.06.1947 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
Manufacture of plastics products |
|
|
|
|
No. of Employees |
From 131 to 150 |
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 |
|
Ivars S.p.a. |
|
Via |
Gargna', |
23/A |
|
25078 |
- Vestone |
(BS) |
-IT- |
|
Fiscal Code |
: |
00283530178 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
26/06/1947 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
35.000.000/50.000.000 |
|
Number of Employees |
: |
from 131 to 150 |
Manufacture of plastics products
Legal Form : Joint stock company
|
Fiscal Code : 00283530178 |
|
Foreign Trade Reg. no. : BS005436 since 10/12/1991 |
|
Chamber of Commerce no. : 76203 of Brescia since
02/07/1947 |
|
Chamber of Commerce no. : 240130 of Udine |
|
Firms' Register : BS029-3458 of Brescia since 19/02/1996 |
|
V.A.T. Code : 00549960987 |
|
Establishment date |
: 26/05/1947 |
|
|
Start of Activities |
: 26/06/1947 |
|
|
Legal duration |
: 31/12/2020 |
|
|
Nominal Capital |
: 20.000.000 |
|
|
Subscribed Capital |
: 20.000.000 |
|
|
Paid up Capital |
: 20.000.000 |
|
Ebenestelli |
Aldo |
|
Born in Gavardo |
(BS) |
on 30/03/1958 |
- Fiscal Code : BNSLDA58C30D940Y |
|
Residence: |
Privata |
, 2 |
- 25078 |
Vestone |
(BS) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
30/06/2011 |
||
|
Board Chairman |
30/06/2011 |
||
|
Managing Director |
30/06/2011 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Bracchi |
Fulgenzio |
|
Born in Cazzago San Martino |
(BS) |
on 30/12/1936 |
- Fiscal Code : BRCFGN36T30B053W |
|
Residence: |
Mocenigo |
, 39 |
- 25078 |
Vestone |
(BS) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
30/06/2011 |
|
Folchini |
Cesare |
|
Born in Vestone |
(BS) |
on 29/01/1959 |
- Fiscal Code : FLCCSR59A29L812M |
|
Residence: |
Promo |
, 13 |
- 25078 |
Vestone |
(BS) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
30/06/2011 |
|
Ebenestelli |
Sergio |
|
Born in Vestone |
(BS) |
on 30/08/1960 |
- Fiscal Code : BNSSRG60M30L812A |
|
Residence: |
Mocenigo |
, 130 |
- 25078 |
Vestone |
(BS) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
30/06/2011 |
|
Limelli |
Arturo Enrico |
|
Born in Vestone |
(BS) |
on 12/05/1964 |
- Fiscal Code : LMLRRN64E12L812Y |
|
Residence: |
Capparola Sopra |
, 29/B |
- 25078 |
Vestone |
(BS) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
30/06/2011 |
|
Ebenestelli |
Carlo |
|
Born in Salo' |
(BS) |
on 05/10/1963 |
- Fiscal Code : BNSCRL63R05H717X |
|
Residence: |
Promo |
, 1 |
- 25078 |
Vestone |
(BS) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
30/06/2011 |
||
|
Attorney with special power |
26/06/2001 |
||
|
Managing Director |
30/06/2011 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Vesfin S.r.l. |
|
: |
Promo |
, 8/A |
- 25078 |
Vestone |
(BS) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Partner |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Ebenestelli |
Stefania |
|
Born in Gavardo |
(BS) |
on 01/11/1978 |
- Fiscal Code : BNSSFN78S41D940J |
|
Residence: |
Privata |
, 2 |
- 25078 |
Vestone |
(BS) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special power |
14/09/2004 |
||
|
Director |
30/06/2011 |
|
No Prejudicial events are reported |
|
No Protests registered |
*checkings have been performed on a national scale.
In this module are listed the companies in which members
hold or have holded positions.
|
Ebenestelli |
Aldo |
|
Firm's Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Brado S.p.a. |
Valdobbiadene (TV) - IT - |
00488710260 |
Managing
Director |
Withdrawn |
Registered |
|
Brado S.p.a. |
Valdobbiadene (TV) - IT - |
00488710260 |
Director |
Active |
Registered |
|
Brado S.p.a. |
Valdobbiadene (TV) - IT - |
00488710260 |
Assistant
board Chairman |
Withdrawn |
Registered |
|
Brado S.p.a. |
Valdobbiadene (TV) - IT - |
00488710260 |
Board
Chairman |
Active |
Registered |
|
Metalmeccanica Alba Srl |
San Zenone degli Ezzelini (TV) - IT - |
01318710249 |
Director |
Active |
Registered |
|
Omsi S.r.l. |
Zola Predosa (BO) - IT - |
00276690377 |
Director |
Active |
Registered |
|
Omsi S.r.l. |
Zola Predosa (BO) - IT - |
00276690377 |
Managing
Director |
Active |
Registered |
|
Omsi S.r.l. |
Zola Predosa (BO) - IT - |
00276690377 |
Board
Chairman |
Active |
Registered |
|
T.p. Trafilerie Polimeriche Spa |
Monza (MB) - IT - |
02376570962 |
Director |
Withdrawn |
Ceased |
|
Banca Valsabbina Societa' Cooperativa Per Azioni In Breve
La Valsabbina |
Vestone (BS) - IT - |
00283510170 |
Director |
Active |
Registered |
|
Banca Valsabbina Societa' Cooperativa Per Azioni In Breve
La Valsabbina |
Vestone (BS) - IT - |
00283510170 |
Director |
Withdrawn |
Registered |
|
Hartec S.r.l. |
Vas (BL) - IT - |
03061740266 |
Director |
Active |
Registered |
|
Vesfin S.r.l. |
Vestone (BS) - IT - |
01734200981 |
Board
Chairman |
Active |
Registered |
|
Gardahome S.r.l. |
Montichiari (BS) - IT - |
03013010982 |
Director |
Active |
Registered |
|
A E A S.n.c. Di Buffon Arrigo E Ebenestelli Aldo E C. |
Valdobbiadene (TV) - IT - |
04066800261 |
Partner |
Active |
Registered |
|
Ebenestelli |
Carlo |
|
Firm's Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Brado S.p.a. |
Valdobbiadene (TV) - IT - |
00488710260 |
Director |
Active |
Registered |
|
Omsi S.r.l. |
Zola Predosa (BO) - IT - |
00276690377 |
Director |
Active |
Registered |
|
Omsi S.r.l. |
Zola Predosa (BO) - IT - |
00276690377 |
Managing
Director |
Active |
Registered |
|
Vesfin S.r.l. |
Vestone (BS) - IT - |
01734200981 |
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.
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal
Code |
Owned
Shares |
%
Ownership |
|
Brado S.p.a. |
Valdobbiadene - IT - |
00488710260 |
2.000
.Eur |
0,01 |
|
Metalmeccanica Alba Srl |
San Zenone degli Ezzelini - IT - |
01318710249 |
2.000
.Eur |
0,01 |
|
Ivars S.p.a. |
Vestone - IT - |
00283530178 |
11.000
.Eur |
0,05 |
|
Ebenestelli Aldo |
Vestone - IT - |
BNSLDA58C30D940Y |
3.822.000
.Eur |
19,11 |
|
Bracchi Fulgenzio |
Vestone - IT - |
BRCFGN36T30B053W |
2.798.000
.Eur |
13,99 |
|
Folchini Cesare |
Vestone - IT - |
FLCCSR59A29L812M |
300.000
.Eur |
1,50 |
|
Ebenestelli Sergio |
Vestone - IT - |
BNSSRG60M30L812A |
1.366.000
.Eur |
6,83 |
|
Ebenestelli Carlo |
Vestone - IT - |
BNSCRL63R05H717X |
3.792.000
.Eur |
18,96 |
|
Vesfin S.r.l. |
Vestone - IT - |
01734200981 |
4.974.000
.Eur |
24,87 |
|
Ebenestelli Silvana |
BNSSVN48A56L812K |
1.264.000
.Eur |
6,32 |
|
|
Ebenestelli Angelo |
BNSNGL51S17L812O |
1.366.000
.Eur |
6,83 |
|
|
Folchini Elisabetta |
FLCLBT54H66L812U |
300.000
.Eur |
1,50 |
|
|
Compuniver Group Srl |
2.000
.Eur |
0,01 |
||
|
Ivars France S.a.s. |
2.000
.Eur |
0,01 |
||
|
Alubase Sa |
2.000
.Eur |
0,01 |
||
|
Rhodes S.a. |
2.000
.Eur |
0,01 |
||
|
Ofipartes S.a. |
2.000
.Eur |
0,01 |
||
|
Ergonomics Components S De R.l. C.v. |
-8.000
.Eur |
0,01 |
The Company under review has participations in the following
Companies:
|
Firm's Style |
Seat |
Fiscal
Code |
Owned
Shares Amount |
%
Ownership |
since
|
until
|
Share
Status |
|
Brado S.p.a. |
Valdobbiadene - IT - |
00488710260 |
4.900.000
.Eur |
70,00 |
Active |
||
|
Ivars S.p.a. |
Vestone - IT - |
00283530178 |
11.000
.Eur |
0,05 |
Active |
||
|
Metalmeccanica Alba Srl |
San Zenone degli Ezzelini - IT - |
01318710249 |
300.000
.Eur |
30,00 |
Active |
||
|
Omsi S.r.l. |
Zola Predosa - IT - |
00276690377 |
100.000
.Eur |
100,00 |
Active |
||
|
Essepieffe Italia S.r.l. |
Pietradefusi - IT - |
02082590643 |
132.000
.Eur |
24,00 |
Active |
In order to carry out its activities the firm uses the following locations:
|
- |
Legal and operative seat |
|
Gargna' |
, 23/A |
- 25078 |
- Vestone |
(BS) |
- IT - |
|
PHONE |
: 0365878801 |
|
FAX |
: 0365820000 |
|
- |
Branch |
(Factory) |
|
Fiamme Verdi |
, 34 |
- 25078 |
- Vestone |
(BS) |
- IT - |
|
PHONE |
: 0365820811 |
|
FAX |
: 0365820000 |
|
- |
Branch |
(Factory) |
|
Promo |
, 8 |
- 25078 |
- Vestone |
(BS) |
- IT - |
|
PHONE |
: 0365820817 |
|
- |
Branch |
(Factory) |
since 01/10/1998 |
|
Lave |
, 4 |
- 25078 |
- Vestone |
(BS) |
- IT - |
|
PHONE |
: 0365820296 |
|
- |
Branch |
(Power-station) |
since 30/12/1998 |
|
Roma |
, Loc: ONO DEGNO |
- 25070 |
- Pertica Bassa |
(BS) |
- IT - |
|
- |
Branch |
(Factory) |
since 01/09/2000 |
|
Nazionale |
, 60 |
- 25080 |
- Puegnago |
(BS) |
- IT - |
|
- |
Branch |
(Store) |
since 27/06/2005 |
|
Gargna' |
, 10 |
- 25078 |
- Vestone |
(BS) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 07/03/2006 |
|
Del Cristo |
, 23 |
- 33044 |
- Manzano |
(UD) |
- IT - |
|
Employees |
:
147 |
|
Assistants |
: 1 |
|
Fittings and Equipment for a value of 10.510.000 |
Eur |
|
Stocks for a value of 5.050.000 |
Eur |
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement
Date |
|
General partnership |
Limited liability company |
30/12/1971 |
|
Limited liability company |
Joint stock company |
25/11/1996 |
EX-MEMBERS / EX-POSITIONS:
|
Ebenestelli |
Giulio Pietro |
|
Born in Levrange |
(BS) |
on 30/03/1923 |
- Fiscal Code : BNSGPT23C30E567G |
|
Residence: |
Promo |
, 1 |
- 25078 |
Vestone |
(BS) |
- IT - |
|
Ex-Postions |
|
Board Chairman |
|
Director |
|
Managing Director |
|
|
Ebenestelli |
Aldo |
|
Born in Gavardo |
(BS) |
on 30/03/1958 |
- Fiscal Code : BNSLDA58C30D940Y |
|
Residence: |
Privata |
, 2 |
- 25078 |
Vestone |
(BS) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Ebenestelli |
Carlo |
|
Born in Salo' |
(BS) |
on 05/10/1963 |
- Fiscal Code : BNSCRL63R05H717X |
|
Residence: |
Promo |
, 1 |
- 25078 |
Vestone |
(BS) |
- IT - |
|
Ex-Postions |
|
Director |
|
Facchetti |
Andrea |
|
Born in Casto |
(BS) |
on 27/03/1963 |
- Fiscal Code : FCCNDR63C27C330I |
|
Residence: |
Nespoli |
, 10/B |
- 25078 |
Vestone |
(BS) |
- IT - |
|
Ex-Postions |
|
Responsible technician |
|
Piccirillo |
Raffaele |
|
Born in Macerata Campania |
(CE) |
on 09/12/1952 |
- Fiscal Code : PCCRFL52T09E784J |
|
Residence: |
Fontanelli |
, 4 |
- 25078 |
Vestone |
(BS) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
D'albore |
Vincenzo |
|
Born in Macerata Campania |
(CE) |
on 25/06/1948 |
- Fiscal Code : DLBVCN48H25E784O |
|
Residence: |
Fontanelli |
, 2 |
- 25078 |
Vestone |
(BS) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
Lanzani |
Giancarlo |
|
Born in San Paolo |
(BS) |
on 29/01/1945 |
- Fiscal Code : LNZGCR45A29G407I |
|
Residence: |
Boifava |
, 20/A |
- 25100 |
Brescia |
(BS) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
Piccerillo |
Carmine |
|
Born in Macerata Campania |
(CE) |
on 18/04/1940 |
- Fiscal Code : PCCCMN40D18B863I |
|
Residence: |
Del Rif |
, 5 |
- 25078 |
Vestone |
(BS) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
Ebenestelli |
Aldo |
|
Born in Gavardo |
(BS) |
on 30/03/1958 |
- Fiscal Code : BNSLDA58C30D940Y |
|
Residence: |
Privata |
, 2 |
- 25078 |
Vestone |
(BS) |
- IT - |
|
Ex-Postions |
|
Director |
|
Lanzani |
Leonardo |
|
Born in Bagnolo Mella |
(BS) |
on 21/05/1938 |
- Fiscal Code : LNZLRD38E21A569Y |
|
Residence: |
Dante |
, 17 |
- 25100 |
Brescia |
(BS) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
Protests checking on the subject firm has given a negative
result.
Search performed on a National Scale
|
Prejudicial Events Search Result: NEGATIVE |
Search performed on a specialized data base.
None reported, standing to the latest received edition of
the Official Publications.
Company's starting of activities dates back to 1947.
An eco-fin analysis has been made on the base od the b/s fo
the years 2010, 2011 and 2012.
During the last years, it achieved profits (r.o.e. 1,03% on
2012) but without a significant increase in the turnover.
The operating result in 2012 was positive (0,68%) falling
within the field's average.
The amount of the operating result is equal to Eur. 706.443
with a -42,99% drop.
The G.O.M. amounted to Eur. 4.727.243 ,with no change if
compared to the year before.
The company has an excellent net worth if compared to its
debts, with a low indebtedness (0,36) improved in comparison with the year
before (0,42.).
With regard to equity capital, an amount of Eur. 60.290.051
is registered. , unchanged if compared to 2011.
During the last financial year debts totalled Eur.
41.052.984 (Eur. 18.994.374 of which were m/l term debts) showing a stable
trend as opposed to 2011 (Eur. 43.404.328).
The company does not exceed in bank credits; payments
average period is instead slightly high (121,72 gg.) but lined up with the
field's average.
Liquidity is not completely adequate.
As far as the collection of credit goes, the average is high
(94,02 days). within the standard level of the average of the sector.
As far as the cash flow is concerned during the latest
financial year it amounted to Eur. 4.642.701
Labour cost expenses amount to Eur. 6.601.842 , representing
17,79% on the total of production costs. , whereas the incidence of such costs
on sales revenues is equal to 18,31%.
Financial incomes cover financial charges.
|
Complete balance-sheet for the year |
31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
36.056.746 |
|
Profit (Loss) for the period |
621.901 |
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
35.758.535 |
|
Profit (Loss) for the period |
798.868 |
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
35.099.603 |
|
Profit (Loss) for the period |
1.147.534 |
From our constant monitoring of the relevant Public
Administration offices, no more recent balance sheets result to have been
filed.
|
- Balance Sheet as at 31/12/2012 - 12 Mesi - Currency: -
Amounts x 1 |
|
- Balance Sheet as at 31/12/2011 - 12 Mesi - Currency: -
Amounts x 1 |
|
- Balance Sheet as at 31/12/2010 - 12 Mesi - Currency: -
Amounts x 1 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
RATIOS |
Value Type |
as
at 31/12/2012 |
as
at 31/12/2011 |
as
at 31/12/2010 |
Sector
Average |
|
COMPOSITION
ON INVESTMENT |
|||||
|
Rigidity Ratio |
Units |
0,81 |
0,82 |
0,65 |
0,33 |
|
Elasticity Ratio |
Units |
0,19 |
0,18 |
0,35 |
0,65 |
|
Availability of stock |
Units |
0,05 |
0,04 |
0,04 |
0,14 |
|
Total Liquidity Ratio |
Units |
0,14 |
0,14 |
0,31 |
0,47 |
|
Quick Ratio |
Units |
0,00 |
0,00 |
0,18 |
0,01 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
0,36 |
0,42 |
0,44 |
2,54 |
|
Self Financing Ratio |
Units |
0,58 |
0,56 |
0,56 |
0,22 |
|
Capital protection Ratio |
Units |
0,66 |
0,65 |
0,65 |
0,74 |
|
Liabilities consolidation quotient |
Units |
0,94 |
0,75 |
0,70 |
0,24 |
|
Financing |
Units |
0,68 |
0,73 |
0,74 |
3,21 |
|
Permanent Indebtedness Ratio |
Units |
0,78 |
0,75 |
0,74 |
0,41 |
|
M/L term Debts Ratio |
Units |
0,20 |
0,18 |
0,18 |
0,13 |
|
Net Financial Indebtedness Ratio |
Units |
0,51 |
0,55 |
0,56 |
1,12 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
0,96 |
0,91 |
1,13 |
1,17 |
|
Current ratio |
Units |
0,90 |
0,73 |
1,38 |
1,10 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,67 |
0,56 |
1,23 |
0,82 |
|
Structure's primary quotient |
Units |
0,72 |
0,69 |
0,86 |
0,68 |
|
Treasury's primary quotient |
Units |
0,01 |
0,02 |
0,70 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
172,60 |
177,04 |
178,35 |
455,17 |
|
Current Capital ( net ) |
Value |
-2.274.493 |
-6.924.744 |
10.146.817 |
135.108 |
|
RETURN |
|||||
|
Return on Sales |
% |
12,88 |
12,86 |
15,02 |
3,71 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
1,03 |
1,34 |
1,92 |
2,32 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
1,46 |
2,01 |
2,68 |
8,76 |
|
Return on Investment ( R.O.I. ) |
% |
0,68 |
1,17 |
1,45 |
3,87 |
|
Return/ Sales |
% |
1,96 |
3,47 |
4,40 |
3,60 |
|
Extra Management revenues/charges incid. |
% |
88,03 |
64,47 |
74,32 |
16,69 |
|
Cash Flow |
Value |
4.642.701 |
4.599.336 |
5.271.519 |
147.669 |
|
Operating Profit |
Value |
706.443 |
1.239.171 |
1.544.034 |
140.969 |
|
Gross Operating Margin |
Value |
4.727.243 |
5.039.639 |
5.668.019 |
283.954 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
94,02 |
99,10 |
105,61 |
110,91 |
|
Debts to suppliers average term |
Days |
121,72 |
120,83 |
129,29 |
113,90 |
|
Average stock waiting period |
Days |
50,45 |
44,26 |
41,52 |
47,23 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,35 |
0,34 |
0,33 |
1,09 |
|
Rate of stock return |
Units |
7,14 |
8,13 |
8,67 |
7,61 |
|
Labour cost incidence |
% |
18,31 |
18,43 |
18,44 |
15,52 |
|
Net financial revenues/ charges incidence |
% |
1,51 |
1,89 |
2,09 |
-1,76 |
|
Labour cost on purchasing expenses |
% |
17,79 |
18,35 |
18,63 |
15,56 |
|
Short-term financing charges |
% |
2,00 |
1,95 |
1,57 |
3,19 |
|
Capital on hand |
% |
288,60 |
296,20 |
304,00 |
91,39 |
|
Sales pro employee |
Value |
250.394 |
246.610 |
238.772 |
214.336 |
|
Labour cost pro employee |
Value |
45.846 |
45.443 |
44.032 |
32.630 |
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.
|
Population living in the province |
: |
1.169.259 |
|
Population living in the region |
: |
9.393.092 |
|
Number of families in the region |
: |
3.858.736 |
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
460 |
|
- per non food products |
: |
2.090 |
|
- per energy consume |
: |
114 |
The values are calculated on a base of 2.727 significant
companies.
The companies cash their credits on an average of 111 dd.
The average duration of suppliers debts is about 114 dd.
The sector's profitability is on an average of 3,71%.
The labour cost affects the turnover in the measure of
15,52%.
Goods are held in stock in a range of 47 dd.
The difference between the sales volume and the resources
used to realize it is about 1,09.
The employees costs represent the 15,56% of the production
costs.
Statistcally the trade activity shows periods of crisis.
The area is statistically considered moderately risky.
In the region 50.886 protested subjects are found; in the
province they count to 5.551.
The insolvency index for the region is 0,55, , while for the
province it is 0,48.
Total Bankrupt companies in the province : 3.452.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.03 |
|
|
1 |
Rs.101.96 |
|
Euro |
1 |
Rs.83.58 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
PDT |
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.