MIRA INFORM REPORT

 

 

Report Date :

30.05.2014

 

IDENTIFICATION DETAILS

 

Name :

BIBIGI - S.R.L.

 

 

Registered Office :

Via Del Pratone, 10,

15046 - San Salvatore Monferrato, (AL)

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

05.07.1979

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacturer of Ring and jewelry set

 

 

No. of Employees :

26

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

 

Status :

Moderate

Payment Behaviour :

Slow but correct

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

Italy

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

ITALY - ECONOMIC OVERVIEW

 

Italy has a diversified industrial economy, which is divided into a developed industrial north, dominated by private companies, and a less-developed, highly subsidized, agricultural south, where unemployment is higher. The Italian economy is driven in large part by the manufacture of high-quality consumer goods produced by small and medium-sized enterprises, many of them family-owned. Italy also has a sizable underground economy, which by some estimates accounts for as much as 17% of GDP. These activities are most common within the agriculture, construction, and service sectors. Italy is the third-largest economy in the euro-zone, but its exceptionally high public debt and structural impediments to growth have rendered it vulnerable to scrutiny by financial markets. Public debt has increased steadily since 2007, topping 133% of GDP in 2013, but investor concerns about Italy and the broader euro-zone crisis eased in 2013, bringing down Italy's borrowing costs on sovereign government debt from euro-era. The government still faces pressure from investors and European partners to sustain its efforts to address Italy's long-standing structural impediments to growth, such as labor market inefficiencies and widespread tax evasion. In 2013 economic growth and labor market conditions deteriorated, with growth at -1.8% and unemployment rising to 12.4%, with youth unemployment around 40%. Italy's GDP is now 8% below its 2007 pre-crisis level.

 

Source : CIA

 

Company name and address

 

BIBIGI - S.R.L.

 

Via Del Pratone, 10

 

15046 - San Salvatore Monferrato, (AL), -IT-

 

 

Summary

 

Fiscal Code

:

00559330063

Legal Form

:

Limited liability company

start of Activities

:

05/07/1979

Equity

:

50.000

Turnover Range

:

5.000.000/6.500.000

Number of Employees

:

from 26 to 35

 

 

Legal Data

 

Legal Form : Limited liability company

Register of Handcraft firms : 38943

 

Register of Handcraft firms : 38943 of Alessandria since 03/09/1979

 

Fiscal Code : 00559330063

 

Foreign Trade Reg. no. : AL000278 since 06/12/1991

 

Foreign Trade Reg. no. : 278 of Alessandria since 06/12/1991

 

Foreign Trade Reg. no. : 000278 of Alessandria since 06/12/1991

 

Foreign Trade Reg. no. : 023059 of Alessandria

 

Chamber of Commerce no. : 127659 of Alessandria since 12/07/1979

 

Firms' Register : AL003-9047 of Alessandria since 19/02/1996

 

V.A.T. Code : 00559330063

 

Establishment date

: 05/07/1979

Start of Activities

: 05/07/1979

Legal duration

: 31/12/2020

Nominal Capital

: 46.800

 

Subscribed Capital

: 46.800

 

Paid up Capital

: 46.800

 

 

Members

 

Beltrami

Franco

 

 

Born in Pavia

(PV)

on 26/06/1933

- Fiscal Code : BLTFNC33H26G388G

 

 

Residence:

 

Santuario

, 10

- 15046

San Salvatore Monferrato

(AL)

- IT -

 

Position

Since

Shares Amount

% Ownership

Mark owner

 

 

 

Director

26/06/2013

 

 

Managing Director

26/06/2013

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Bernardotti

Aldo

 

 

Born in Racconigi

(CN)

on 03/11/1948

- Fiscal Code : BRNLDA48S03H150A

 

 

Residence:

 

Giovanni Xxiii

, 9

- 15048

Valenza

(AL)

- IT -

 

Position

Since

Shares Amount

% Ownership

Board Chairman

26/06/2013

 

 

Director

26/06/2013

 

 

Managing Director

26/06/2013

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Guarona

Bruno

 

 

Born in Alessandria

(AL)

on 12/01/1940

- Fiscal Code : GRNBRN40A12A182Z

 

 

Residence:

 

Bruno Mantelli

, 8

- 15121

Alessandria

(AL)

- IT -

 

Position

Since

Shares Amount

% Ownership

Managing Director

26/06/2013

 

 

Director

26/06/2013

 

 

 

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.

 

Bernardotti

Aldo

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Maralva S.a.s. Di Aldo Bernardotti, Bruno Guarona E C.

Alessandria (AL) - IT -

01261190068

General Partner

Active

Registered

Consorzio Orafi Valenza Export

Valenza (AL) - IT -

01625220064

Managing Director

Withdrawn

Registered

Consorzio Orafi Valenza Export

Valenza (AL) - IT -

01625220064

Assistant board Chairman

Active

Registered

 

Guarona

Bruno

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Maralva S.a.s. Di Aldo Bernardotti, Bruno Guarona E C.

Alessandria (AL) - IT -

01261190068

Partner

Withdrawn

Registered

Maralva S.a.s. Di Aldo Bernardotti, Bruno Guarona E C.

Alessandria (AL) - IT -

01261190068

General Partner

Active

Registered

Valenza Expo Events S.r.l.

Valenza (AL) - IT -

01377060064

Director

Withdrawn

Registered

Consorzio Del Marchio Divalenza

Valenza (AL) - IT -

02177260060

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

Beltrami Franco

San Salvatore Monferrato - IT -

BLTFNC33H26G388G

15.600 .Eur

33,33

Bernardotti Aldo

Valenza - IT -

BRNLDA48S03H150A

15.600 .Eur

33,33

Guarona Carlo

 

GRNCRL73L29A182D

7.800 .Eur

16,66

Guarona Marco

 

GRNMRC77A16A182Y

7.800 .Eur

16,66

 

 

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

Fin.or.val. - Societa' Finanziaria Immob iliare Per Il Centro Commerciale Ora

Valenza - IT -

00925330060

34.636 .Eur

1,16

 

 

Active

Eccelloro

Valenza - IT -

02044210066

 

 

 

 

Active

Oroinnovazione

 

02044200067

 

 

 

 

Active



Firm's location and structure

 

In order to carry out its activities the firm uses the following locations:

 

-

Legal and operative seat

 

 

 

 

 

 

 

Del Pratone

, 10

- 15046

- San Salvatore Monferrato

(AL)

- IT -

 

 

 

 

PHONE

: 0131237012

 

 

 

 

FAX

: 0131237955

 

 

 

 

Employees

: 26

 

 

 

 

Assistants

: 3

 

Fittings and Equipment for a value of 290.000

Eur

 

Stocks for a value of 4.520.000

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 from 20% to 50% of the global turnover.

Products abroad are placed by :

- its own sales net-work

 

- direct orders from foreign companies

 

Import comes generally from the following nations:

- Austria

 

Export is mainly towards:

- Austria

 

 

Historical Information and/or Firm's Status

 

CHANGES TO THE LEGAL FORM:

 

Former legal form

New legal form

Changement Date

General partnership

Limited liability company

 

General partnership

Limited liability company

22/12/1995

 

EX-MEMBERS / EX-POSITIONS:

 

Beltrami

Franco

 

 

Born in Pavia

(PV)

on 26/06/1933

- Fiscal Code : BLTFNC33H26G388G

 

 

Residence:

 

Santuario

, 10

- 15046

San Salvatore Monferrato

(AL)

- IT -

 

Ex-Postions

Managing Director

 

Bernardotti

Aldo

 

 

Born in Racconigi

(CN)

on 03/11/1948

- Fiscal Code : BRNLDA48S03H150A

 

 

Residence:

 

Giovanni Xxiii

, 9

- 15048

Valenza

(AL)

- IT -

 

Ex-Postions

Managing 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

 

The subject started many years ago and from the financial point of

view it shows a regular trend.

Liquid means are adequate to meet company requirements.

Subject is characterized by a corrected managment, which allows a

regular fulfiment of its own engagments.

No notable criticism is expressed by common suppliers at to the

firm's business conduct which is said to be honest enough.

the financial period 2012 closed with a profit.

Business volume is falling in the last financial year.



Financial Data

 

 

Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

 

Item Type

Value

Sales

5.541.013

Profit (Loss) for the period

7.944

 

 

Complete balance-sheet for the year

al 31/12/2011

(in Eur

x 1)

 

Item Type

Value

Sales

6.574.873

Profit (Loss) for the period

25.171

 

 

Complete balance-sheet for the year

al 31/12/2010

(in Eur

x 1)

 

Item Type

Value

Sales

6.109.119

Profit (Loss) for the period

3.840



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

 

Years

2012

2011

2010

BALANCE SHEET ACCOUNTS

 

ASSETS

 

 

 

CREDITS VS PARTNERS

 

 

 

. Deposits not yet withdrawn

 

 

 

. Deposits already withdrawn

 

 

 

Total credits vs partners

 

 

 

FIXED ASSETS

 

 

 

. INTANGIBLE FIXED ASSETS

 

 

 

. . Start-up and expansion expenses

 

 

 

. . Research,develop. and advert.expens.

 

 

 

. . Industrial patent rights

 

 

 

. . Concessions,licenses,trademarks,etc.

 

 

 

. . Goodwill

 

 

 

. . Assets in formation and advance paymen.

 

 

 

. . Other intangible fixed assets

 

 

 

. Total Intangible Fixed Assets

394.359

379.724

325.066

. TANGIBLE FIXED ASSETS

 

 

 

. . Real estate

 

 

 

. . Plant and machinery

 

 

 

. . Industrial and commercial equipment

 

 

 

. . Other assets

 

 

 

. . Assets under construction and advances

 

 

 

. Total Tangible fixed assets

410.182

447.636

538.514

. FINANCIAL FIXED ASSETS

 

 

 

. . Equity investments

 

 

 

. . . Equity invest. in subsidiary companies

 

 

 

. . . Equity invest. in associated companies

 

 

 

. . . Equity invest. in holding companies

 

 

 

. . . Equity invest. in other companies

 

 

 

. . Financial receivables

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . . Receivab due from subsidiaries

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . . Receivables due from assoc.comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . . Receivables due from holding comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . . Receivables due from third parties

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Other securities

 

 

 

. . Own shares

 

 

 

. . . Total nominal value

 

 

 

. Total financial fixed assets

35.563

35.563

35.596

Total fixed assets

840.104

862.923

899.176

CURRENT ASSETS

 

 

 

. INVENTORIES

 

 

 

. . Raw materials and other consumables

 

 

 

. . Work in progress and semimanufactured

 

 

 

. . Work in progress on order

 

 

 

. . Finished goods

 

 

 

. . Advance payments

 

 

 

. Total Inventories

4.516.021

4.120.554

3.502.666

. CREDITS NOT HELD AS FIXED ASSETS

 

 

 

. . Within 12 months

6.418.780

7.068.537

6.122.475

. . Beyond 12 months

541

1.020

2.649

. . Trade receivables

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Receivables due from subsid. comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Receivables due from assoc. comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Receivables due from holding comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Fiscal Receivables

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Receivables for anticipated taxes

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Receivables due from third parties

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. Total Credits not held as fixed assets

6.419.321

7.069.557

6.125.124

. FINANCIAL ASSETS

 

 

 

. . Equity invest. in subsidiary comp.

 

 

 

. . Equity invest. in associated companies

 

 

 

. . Equity invest. in holding companies

 

 

 

. . Other equity investments

 

 

 

. . Own shares

 

 

 

. . . Total nominale value

 

 

 

. . Other securities

 

 

 

. Total Financial Assets

 

 

 

. LIQUID FUNDS

 

 

 

. . Bank and post office deposits

 

 

 

. . Checks

 

 

 

. . Banknotes and coins

 

 

 

. Total Liquid funds

72.442

259.549

227.894

Total current assets

11.007.784

11.449.660

9.855.684

ADJUSTMENT ACCOUNTS

 

 

 

. Discount on loans

 

 

 

. Other adjustment accounts

153.602

177.929

119.246

Total adjustments accounts

153.602

177.929

119.246

TOTAL ASSETS

12.001.490

12.490.512

10.874.106

 

 

 

 

LIABILITIES

 

 

 

STOCKHOLDERS' EQUITY

 

 

 

. Capital stock

46.800

46.800

46.800

. Additional paid-in capital

 

 

 

. Revaluation reserves

176.818

176.818

176.818

. Legal reserve

9.360

9.360

9.360

. Reserve for Own shares

 

 

 

. Statute reserves

 

 

 

. Other reserves

4.318.811

4.293.640

4.349.799

. Accumulated Profits (Losses)

 

 

 

. Profit( loss) of the year

7.944

25.171

3.840

. Advances on dividends

 

 

 

. Partial loss of the year Coverage

 

 

 

Total Stockholders'Equity

4.559.733

4.551.789

4.586.617

RESERVES FOR RISKS AND CHARGES

 

 

 

. . Reserve for employee termination indem.

 

 

 

. . Taxation fund, also differed

 

 

 

. . Other funds

 

 

 

Total Reserves for Risks and Charges

 

 

 

Employee termination indemnities

495.628

439.590

385.810

ACCOUNTS PAYABLE

 

 

 

. . . . Within 12 months

5.832.926

6.191.675

5.493.630

. . . . Beyond 12 months

1.091.128

1.275.290

387.485

. . Bonds

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Convertible bonds repayable

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to shareholders for financing

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to banks

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to other providers of finance

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Advances from customers

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Trade payables

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Securities issued

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to subsidiary companies

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to associated companies

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to holding companies

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to the tax authorities

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to social security and welfare inst.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Other payables

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

Total accounts payable

6.924.054

7.466.965

5.881.115

ADJUSTMENT ACCOUNTS

 

 

 

. Agio on loans

 

 

 

. Other adjustment accounts

22.075

32.168

20.564

Total adjustment accounts

22.075

32.168

20.564

TOTAL LIABILITIES

12.001.490

12.490.512

10.874.106

 

 

 

 

 

 

 

 

 

PROFIT AND LOSS ACCOUNTS

 

VALUE OF PRODUCTION

 

 

 

. Revenues from sales and services

5.541.017

6.574.873

6.109.119

. Changes in work in progress

385.567

686.881

39.332

. Changes in semi-manufact. products

 

 

 

. Capitalization of internal work

 

 

 

. Other income and revenues

36.841

44.733

23.532

. . Contributions for operating expenses

 

 

 

. . Different income and revenues

36.841

44.733

23.532

Total value of production

5.963.425

7.306.487

6.171.983

PRODUCTION COSTS

 

 

 

. Raw material,other materials and consum.

2.890.014

4.116.412

3.389.397

. Services received

1.535.741

1.653.522

1.494.761

. Leases and rentals

 

 

 

. Payroll and related costs

930.784

883.489

734.649

. . Wages and salaries

672.597

634.846

525.013

. . Social security contributions

199.404

192.011

163.268

. . Employee termination indemnities

58.783

56.632

46.368

. . Pension and similar

 

 

 

. . Other costs

 

 

 

. Amortization and depreciation

284.756

280.546

272.484

. . Amortization of intangible fixed assets

151.992

138.946

148.120

. . Amortization of tangible fixed assets

104.865

111.036

97.902

. . Depreciation of tangible fixed assets

 

 

 

. . Writedown of current receiv.and of liquid

27.899

30.564

26.462

. Changes in raw materials

-9.900

68.993

64.880

. Provisions to risk reserves

 

 

 

. Other provisions

 

 

 

. Other operating costs

14.898

33.802

40.575

Total production costs

5.646.293

7.036.764

5.996.746

Diff. between value and cost of product.

317.132

269.723

175.237

FINANCIAL INCOME AND EXPENSE

 

 

 

. Income from equity investments

 

 

 

. . In subsidiary companies

 

 

 

. . In associated companies

 

 

 

. . In other companies

 

 

 

. Other financial income

7.397

24.925

14.958

. . 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

7.397

24.925

14.958

. . . - Subsidiary companies

 

 

 

. . . - Associated companies

 

 

 

. . . - Holding companies

 

 

 

. . . - Other companies

7.397

24.925

14.958

. Interest and other financial expense

-300.934

-226.164

-185.163

. . Towards subsidiary companies

 

 

 

. . Towards associated companies

 

 

 

. . Towards holding companies

 

 

 

. . Towards other companies

300.934

226.164

185.163

Total financial income and expense

-293.537

-201.239

-170.205

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

47.460

22.794

47.990

. . Gains on disposals

 

5

 

. . Other extraordinary income

47.460

22.789

47.990

. Extraordinary expense

-3.813

-1.712

-199

. . Losses on disposals

 

-25

 

. . Taxes relating to prior years

 

 

 

. . Other extraordinary expense

-3.813

-1.687

-199

Total extraordinary income and expense

43.647

21.082

47.791

Results before income taxes

67.242

89.566

52.823

. Taxes on current income

59.298

64.395

48.983

. . current taxes

60.652

65.749

50.337

. . differed taxes(anticip.)

-1.354

-1.354

-1.354

. Net income for the period

7.944

25.171

3.840

. Adjustments in tax regulations pursuance

 

 

 

. Provisions in tax regulations pursuance

 

 

 

. Profit (loss) of the year

7.944

25.171

3.840

 

 

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

0,07

0,07

0,08

 

Elasticity Ratio

Units

0,92

0,92

0,91

 

Availability of stock

Units

0,38

0,33

0,32

 

Total Liquidity Ratio

Units

0,54

0,59

0,58

 

Quick Ratio

Units

0,01

0,02

0,02

 

COMPOSITION ON SOURCE

 

 

 

 

 

Self Financing Ratio

Units

0,38

0,36

0,42

 

Capital protection Ratio

Units

0,99

0,98

0,99

 

Liabilities consolidation quotient

Units

0,27

0,28

0,14

 

Financing

Units

1,52

1,64

1,28

 

Permanent Indebtedness Ratio

Units

0,51

0,50

0,49

 

M/L term Debts Ratio

Units

0,13

0,14

0,07

 

Net Financial Indebtedness Ratio

Units

n.c.

n.c.

n.c.

 

CORRELATION

 

 

 

 

 

Structure's primary quotient

Units

5,43

5,27

5,10

 

Treasury's primary quotient

Units

0,01

0,04

0,04

 

Rate of indebtedness ( Leverage )

%

263,21

274,41

237,08

 

Current Capital ( net )

Value

5.174.858

5.257.985

4.362.054

 

RETURN

 

 

 

 

 

Return on Equity - Net- ( R.O.E. )

%

0,17

0,55

0,08

 

Return on Equity - Gross - ( R.O.E. )

%

1,47

1,97

1,15

 

Return on Investment ( R.O.I. )

%

2,64

2,16

1,61

 

Return/ Sales

%

5,72

4,10

2,87

 

Extra Management revenues/charges incid.

%

2,50

9,33

2,19

 

Cash Flow

Value

292.700

305.717

276.324

 

Operating Profit

Value

317.132

269.723

175.237

 

Gross Operating Margin

Value

601.888

550.269

447.721

 

MANAGEMENT

 

 

 

 

 

Credits to clients average term

Days

n.c.

n.c.

n.c.

 

Debts to suppliers average term

Days

n.c.

n.c.

n.c.

 

Rate of capital employed return ( Turnover )

Units

0,46

0,53

0,56

 

Rate of stock return

Units

1,23

1,60

1,74

 

Labour cost on purchasing expenses

%

16,48

12,56

12,25

 

Short-term financing charges

%

4,35

3,03

3,15

 

Capital on hand

%

216,59

189,97

178,00

 

Sales pro employee

Value

191.069

243.513

277.687

 

Labour cost pro employee

Value

32.096

32.721

33.393

 

 

 

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

:

429.080

Population living in the region

:

4.330.172

Number of families in the region

:

1.889.207

 

Monthly family expences average in the region (in Eur..) :

 

- per food products

:

429

- per non food products

:

1.789

- per energy consume

:

135

 

 

Statistical Detrimental Data

 

Statistcally the trade activity shows periods of crisis.

The area is statistically considered moderately risky.

In the region 27.019 protested subjects are found; in the province they count to 2.105.

The insolvency index for the region is 0,63, , while for the province it is 0,50.

Total Bankrupt companies in the province : 1.755.

Total Bankrupt companies in the region : 14.165.

 

DIAMOND INDUSTRY – INDIA

 

-            From time immemorial, India is well known in the world as the birthplace for diamonds.  It is difficult to trace the origin of diamonds but history says that in the remote past, diamonds were mined only in India. Diamond production in India can be traced back to almost 8th Century B.C.  India, in fact, remained undisputed leader till 18th Century when Brazilian fields were discovered in 1725 followed by emergence of S. Africa, Russia and Australia.

-            The achievement of the Indian diamond industry was possible only due to combination of the manufacturing skills of the Indian workforce and the untiring and unflagging efforts of the Indian diamantaires, supported by progressive Government policies.

-            The area of study of family owned diamond businesses derives its importance from the huge conglomerate of family run organizations which operate in the diamond industry since many generations.

-            Some of the basic traits of family run business enterprises include spirit of entrepreneurship, mutual trust lowers transaction costs, small, nimble and quick to react, information as a source of advantage and philanthropy.

-            Family owned diamond businesses need to improve on many fronts including higher standard of corporate governance, long-term performance – focused strategies, modern management and technology.

-            Utmost caution is to be exercised while dealing with some medium and large diamond traders which are usually engaged in fictitious import – export, inter-company transactions, financially assisted by banks. In the process, several public sector banks lost several hundred million rupees. They mostly diverted borrowed money for diamond business into real estate and capital markets.

-            Excerpts from Times of India dated 30th October 2010 is as under –

 

-            Gem & Jewellery Export Promotion Council in its statistical data has shown the export of polished diamonds to have increase by 28 % in February 2013. Compared to $ 1.4 bn worth of polished diamond export in February, 2012, India exported $ 1.84 billion worth of polished diamonds in February 2013. A senior executive of GJEPC said, “Export of cut and polished diamonds started falling month-wise after the imposition of 2 % of import duty on the polished diamonds. But February, 2013 has given a new ray of hope to the industry as the export of polished diamonds has actually increased by 28 %. It means the industry  is on the track of recovery and round tripping of diamonds has stopped completely.” Demand has started coming from the US, the UK, Japan and China. India’s polished diamond export is expected to cross $ 21 bn in 2013-14.

 

-            The banking sector has started exercising restraint while following prudent risk management norms when lending money to gems and jewellery sector. This follows the implementation of Basel III accord – a global voluntary regulatory standard on bank capital adequacy, stress testing and market liquidity.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.58.84

UK Pound

1

Rs.98.41

Euro

1

Rs.80.03

 

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.