MIRA INFORM REPORT
|
Report Date : |
07.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
MILGRANDI S.P.A. |
|
|
|
|
Registered Office : |
Via Caravaggio, 2/B 20832 – Desio (MB) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
09.07.1980 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
· Production of abrasive products · Wholesale of Metalliferous Minerals, Ferrous Metals and Semi-Finished Products |
|
|
|
|
No. of Employees : |
From 26 to 35 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
- 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
MILGRANDI S.P.A.
Via Caravaggio, 2/B
20832 - Desio (MB) -IT-
Summary
|
Fiscal Code |
: |
05890860157 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
09/07/1980 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
25.000.000/35.000.000 |
|
Number of Employees |
: |
from 26 to 35 |
Activity
Production of abrasive products
Wholesale of Metalliferous Minerals, Ferrous
Metals and Semi-Finished Products
Legal
Data
Legal Form : Joint stock company
|
Fiscal Code : 05890860157 |
|
Foreign Trade Reg. no. : MB014483 since
11/12/1991 |
|
Foreign Trade Reg. no. : 29591 of Milano
since 11/12/1991 |
|
Chamber of Commerce no. : 502738 of Bari |
|
Chamber of Commerce no. : 379202 of
Bergamo |
|
Chamber of Commerce no. : 365298 of
Brescia |
|
Chamber of Commerce no. : 148105 of Lucca |
|
Chamber of Commerce no. : 1047811 of Monza
e Brianza since 20/07/2007 |
|
Chamber of Commerce no. : 1047811 of
Milano since 03/09/1980 |
|
Chamber of Commerce no. : 364547 of Modena |
|
Chamber of Commerce no. : 119311 of Massa |
|
Chamber of Commerce no. : 123161 of Massa |
|
Chamber of Commerce no. : 78523 of Ragusa |
|
Chamber of Commerce no. : 1188345 of Roma |
|
Chamber of Commerce no. : 130375 of Siena |
|
Chamber of Commerce no. : 167084 of
Sassari |
|
Chamber of Commerce no. : 1117516 of
Torino |
|
Chamber of Commerce no. : 353424 of
Venezia |
|
Chamber of Commerce no. : 244112 of Verona |
|
Firms' Register : MI149-18226 of Milano
since 19/02/1996 |
|
V.A.T. Code : 00808450969 |
|
Foundation date |
: 09/07/1980 |
|
Establishment date |
: 09/07/1980 |
|
Start of Activities |
: 09/07/1980 |
|
Legal duration |
: 31/12/2050 |
|
Nominal Capital |
: 1.042.634 |
|
Subscribed Capital |
: 1.042.634 |
|
Paid up Capital |
: 1.042.634 |
Members
|
|
Cereda |
Paola |
|
|
Born in Monza |
(MB) |
on 17/11/1970 |
- Fiscal Code : CRDPLA70S57F704A |
|
|
Residence: |
Traversi |
, 14 |
- 20832 |
Desio |
(MB) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
17/03/1995 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Wheelabrator
Allevard S.A. |
|
|
Born in Sampierdarena |
( ) |
on 15/00/1990 |
- Fiscal Code : 91068190155 |
|
|
Fiscal residence: |
Bartolucci |
, 29/D |
- 00100 |
Roma |
(RM) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No Protests
registered |
|
|
Arnaud |
Patrick Rene'
Joseph |
|
|
Born in Jallieu |
( ) |
on 05/12/1954 |
- Fiscal Code : RNDPRC54T05Z110U |
|
|
Residence: |
Berna |
, 10 |
- 24040 |
Verdellino |
(BG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
28/06/2012 |
||
|
Director |
28/06/2012 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Fayard |
Pierre Yves |
|
|
Born in Valence Drome |
( ) |
on 26/04/1962 |
- Fiscal Code : FYRPRY62D26Z110E |
|
|
Residence: |
Charles Lory |
, 8 |
- 38000 |
Grenoble |
- FR - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/06/2012 |
||
|
Managing Director |
12/07/2012 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Mantovani |
Emilio |
|
|
Born in Milano |
(MI) |
on 27/04/1964 |
- Fiscal Code : MNTMLE64D27F205D |
|
|
Residence: |
Beata G. Beretta Molla |
, 51 |
- 20013 |
Magenta |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
29/05/2009 |
||
|
Director |
28/06/2012 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Wa S.a.s. |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No Protests
registered |
|
|
Guida |
Daniela Cristina |
|
|
Born in Monza |
(MB) |
on 01/02/1965 |
- Fiscal Code : GDUDLC65B41F704U |
|
|
Residence: |
Parada |
, 31 |
- 20854 |
Vedano Al Lambro |
(MB) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
02/04/2012 |
|
|
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.
|
|
Arnaud |
Patrick Rene'
Joseph |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Wheelabrator Allevard Italia S.r.l. In
Liquidazione |
Desio (MB) - IT - |
07730450017 |
Liquidator |
Withdrawn |
Registered |
|
W. Diamant Italia S.r.l. |
Verdellino (BG) - IT - |
03835930169 |
Sole Director |
Active |
Registered |
|
|
Fayard |
Pierre Yves |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
P.a. S.r.l. In Liquidazione |
Milano (MI) - IT - |
05733510969 |
Liquidator |
Active |
Registered |
|
Partecipazioni Industriali Holding S.r.l.
(od In Breve P.i.h. S.r .l.) |
Milano (MI) - IT - |
05733520968 |
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 |
|
Wheelabrator Allevard S.A. |
Roma - IT - |
91068190155 |
786.621 .Eur |
75,44 |
|
Cocco S.r.l. |
Desio - IT - |
07060710964 |
314 .Eur |
0,03 |
|
Wa S.a.s. |
91085680154 |
255.698 .Eur |
24,52 |
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 |
|
Internazionale Marmi E Macchine - Carrar a
S.p.a. |
Carrara - IT - |
00207170457 |
10.573 .Eur |
0,03 |
Active |
Firm's location and structure
In order to carry out its activities the
firm uses the following locations:
|
- |
Legal and
operative seat |
since 09/07/1980 |
|
Caravaggio |
, 2/B |
- 20033 |
- Desio |
(MB) |
- IT - |
|
- |
Legal and
operative seat |
until 28/06/2012 |
|
Garibaldi |
, 6/C |
- 20033 |
- Desio |
(MB) |
- IT - |
|
- |
Branch |
(Administrative
office) |
since 01/10/2008 |
|
Parco |
, 47 |
- 20046 |
- Biassono |
(MB) |
- IT - |
|
- |
Branch |
(Sales office) |
since 29/12/2009 |
|
Perlan |
, 55 |
- 30100 |
- Venezia |
(VE) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 01/03/1996 |
|
Campagnon |
, 10 |
- 37100 |
- Verona |
(VR) |
- IT - |
|
- |
Branch |
(Store) |
since 29/12/2009 |
|
Crosara |
, 54 |
- 37023 |
- Grezzana |
(VR) |
- IT - |
|
Employees |
: 27 |
|
Fittings and Equipment for a value of
230.000 |
Eur |
|
Stocks for a value of 1.730.000 |
Eur |
|
Furniture and fittings for a value of
52.000 |
Eur |
|
Vehicles for a value of 180.000 |
Eur |
The firm operates abroad as importer /
exporter..
To purchase foreign products the firm uses
the following channels :
|
- distributors |
|
- its own foreign branches |
|
- direct orders to foreign companies |
Export represents up to 20% of the global
turnover.
Products abroad are placed by :
|
- importers |
|
- trading companies |
|
- its own sales net-work |
|
- direct orders from foreign companies |
Import comes generally from the following
nations:
|
- Italy |
|
- Austria |
Export is mainly towards:
|
- Italy |
|
- France |
|
- Gabon |
|
- Greece |
|
- Ireland |
Historical Information and/or Firm's Status
CHANGES TO THE
LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Other forms |
Joint stock company |
11/11/1980 |
COMPANY STYLE
MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Abrasivi Metallici Industriali S.p.A. |
Milgrandi S.p.A. |
01/01/2005 |
EX-MEMBERS /
EX-POSITIONS:
|
|
Baylot |
Remi Pierre |
|
|
Born in Montlucon Allier |
( ) |
on 04/04/1954 |
- Fiscal Code : BYLRPR54D04Z110V |
|
|
Residence: |
Montee' Reine Victoria Tresse |
, 11 |
- 73100 |
Aix Les Bains |
- FR - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
|
Malgorini |
Alessandro Luigi
Antonio |
|
|
Born in Milano |
(MI) |
on 09/06/1970 |
- Fiscal Code : MLGLSN70H09F205C |
|
|
Residence: |
Pietro Marussig |
, 6 |
- 20154 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Director |
|
Manager |
|
Procurator |
|
|
Mariotti |
Gerard |
|
|
Born in Zagabria |
( ) |
on 16/08/1954 |
- Fiscal Code : MRTGRD54M16Z118G |
|
|
Residence: |
Garibaldi |
, 6/C |
- 20033 |
Desio |
(MB) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Cruciani |
Alessio |
|
|
Born in Caserta |
(CE) |
on 15/07/1974 |
- Fiscal Code : CRCLSS74L15B963M |
|
|
Residence: |
Delle Querce |
, 4 |
- 06022 |
Fossato di Vico |
(PG) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Janet |
Philippe |
|
|
Born in Beaune |
( ) |
on 09/08/1954 |
- Fiscal Code : JNTPLP54M09Z110J |
|
|
Residence: |
B.p. |
, 3 |
Le Cheylas |
- FR - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
|
Cruciani |
Alessio |
|
|
Born in Caserta |
(CE) |
on 18/07/1974 |
- Fiscal Code : CRCLSS74L18B963S |
|
Ex-Postions |
|
Director |
|
|
Wa S.a.s. |
|
- Fiscal Code : 91085680154 |
|
Ex-Postions |
|
Partner |
|
|
Winoa S.a. |
|
- Fiscal Code : 91068190155 |
|
Ex-Postions |
|
Partner |
|
|
Brenna |
Mario |
|
|
Born in SEREGNO |
(MB) |
on 09/11/1961 |
|
|
Residence: |
IV NOVEMBRE |
, 45/A |
- 20034 |
Giussano |
(MB) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Secchi |
Italo |
|
|
Born in Cesano Maderno |
(MB) |
on 21/04/1932 |
- Fiscal Code : SCCTLI32D21C566A |
|
|
Residence: |
Manzoni |
, 20 |
- 20900 |
Monza |
(MB) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Payan |
Eric |
|
|
Born in Poulaines |
( ) |
on 01/03/1959 |
- Fiscal Code : PYNRCE59C01Z110X |
|
|
Residence: |
Verdi |
, 1 |
- 20010 |
Ossona |
(MI) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Arnaud |
Patrick Rene
Joseph |
|
|
Born in Jallieu |
( ) |
on 05/12/1954 |
|
Ex-Postions |
|
Director |
|
|
Bernard |
Jean Marie |
|
on 02/06/1949 |
|
Ex-Postions |
|
Director |
|
Board Chairman |
|
|
Bernard |
Jean Marie |
|
|
Born in Tunisi |
( ) |
on 02/06/1949 |
- Fiscal Code : BRNJMR49H02Z352H |
|
Ex-Postions |
|
Board Chairman |
|
|
Sala |
Ilario |
|
|
Born in Osnago |
(CO) |
on 26/10/1950 |
- Fiscal Code : SLALRI50R26G161X |
|
|
Residence: |
Resegone |
, 0012 |
- 23875 |
Osnago |
(LC) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Director |
|
General Director |
|
|
Sala |
Gino |
|
|
Born in Desio |
(MB) |
on 16/12/1920 |
- Fiscal Code : SLAGNI20T16D286U |
|
|
Residence: |
Trezzi |
, 0005 |
- 20033 |
Desio |
(MB) |
- IT - |
|
Ex-Postions |
|
Managing Director |
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of
merging by taking over of |
|
|
|
|
ZANELLA |
, 90 |
, 20033 |
, Desio |
(MB) |
- IT - |
|
|
Fiscal Code: 01193470133 |
|
|
Date |
Merging/splitting-up project: |
16/09/1999 |
|
|
The firm
absorbed by merging of |
|
|
|
|
ZANELLA |
, 0090 |
, 20033 |
, Desio |
(MB) |
- IT - |
|
|
Fiscal Code: 07680550154 |
|
|
Date |
: |
24/01/2000 |
|
|
Project of
merging by taking over of |
|
|
|
|
Berna ang. via Bruxelles |
, 10 |
, 24040 |
, Verdellino |
(BG) |
- IT - |
|
|
Fiscal Code: 00223380163 |
|
|
Date |
Merging/splitting-up project: |
25/06/2007 |
|
|
The firm
absorbed by merging of |
|
|
|
|
Berna ang. via Bruxelles |
, 10 |
, 24040 |
, Verdellino |
(BG) |
- IT - |
|
|
Fiscal Code: 00223380163 |
|
|
Date |
: |
15/11/2007 |
|
|
Project of
merging by taking over of |
|
|
|
|
Stendhal Enrico |
, 65 |
, 20144 |
, Milano |
(MI) |
- IT - |
|
|
Fiscal Code: 05733510969 |
|
|
Date |
Merging/splitting-up project: |
29/06/2009 |
|
|
The firm
absorbed by merging of |
|
|
|
|
LEONCAVALLO |
, 62 |
, 20033 |
, Desio |
(MB) |
- IT - |
|
|
Fiscal Code: 02405260965 |
|
|
Date |
: |
01/12/2009 |
|
|
Resolution of
merging of |
|
|
|
|
Stendhal Enrico |
, 65 |
, 20144 |
, Milano |
(MI) |
- IT - |
|
|
Fiscal Code: 05733510969 |
|
|
Date |
: |
24/07/2009 |
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 company is active since 1980
The economic-financial analysis has been made
on the base of the b/s of the latests three years.
Last two financial years were marked by
losses; in 2013 r.o.e. is -11,11%. Losses are due to turnover decrease
registered over the last years.
The return on Investment in the last
financial year was positive (2,22%) and reflects the field's average.
The operating result is positive and amounts
to Eur. 311.235 increasing if compared to the yeart 2012.
The gross operating margin of the latest
financial year is of Eur. 858.547 with a more then 100% growth.
Company's financial status is balanced since
indebtedness is not high (1,33) with an improving trend as on the decrease.
Subject can manage an equity capital funds
for an amount of Eur. 5.010.009 , unchanged if compared to 2012.
Total indebtedness amounts to Eur.
7.581.363, with a downward trend if compared to the preceding year (-58,7%).
Bank exsposure is limited and the suppliers'
credit is modest too, 34,61 gg. is the payment average period which is also
lower than the sector average.
The liquidity level is positive (1,78).
Trade credits are collected slowly, average
term is 101,27 days. , as it normally happens in the sector.
The financial management generated a
negative cash flow (Eur. -380.827).
Labour cost amounts to Eur. 1.689.738, with
a 5,5% incidence on production costs. , whereas the incidence of such costs on
sales revenues is equal to 5,46%.
Limited financial charges in relation to
sales volume.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
30.964.862 |
|
Profit (Loss) for the period |
-556.435 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
37.595.088 |
|
Profit (Loss) for the period |
-1.816.454 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
43.344.624 |
|
Profit (Loss) for the period |
-1.198.838 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
42.241.801 |
|
Profit (Loss) for the period |
-1.332.469 |
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
28.638.845 |
|
Profit (Loss) for the period |
-599.093 |
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 31/12/2013 - 12 Mesi - Currency: - Amounts x 1 |
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- Balance Sheet
as at 31/12/2012 - 12 Mesi - Currency: - Amounts x 1 |
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- Balance Sheet
as at 31/12/2011 - 12 Mesi - Currency: - Amounts x 1 |
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|
|
RATIOS |
Value Type |
as at 31/12/2013 |
as at 31/12/2012 |
as at 31/12/2011 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|||||
|
Rigidity Ratio |
Units |
0,04 |
0,02 |
0,08 |
0,11 |
|
Elasticity Ratio |
Units |
0,96 |
0,98 |
0,92 |
0,87 |
|
Availability of stock |
Units |
0,12 |
0,07 |
0,11 |
0,22 |
|
Total Liquidity Ratio |
Units |
0,84 |
0,90 |
0,80 |
0,56 |
|
Quick Ratio |
Units |
0,07 |
0,02 |
0,04 |
0,02 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
1,33 |
3,22 |
2,61 |
3,81 |
|
Self Financing Ratio |
Units |
0,36 |
0,22 |
0,25 |
0,17 |
|
Capital protection Ratio |
Units |
0,90 |
1,14 |
1,02 |
0,65 |
|
Liabilities consolidation quotient |
Units |
0,09 |
0,04 |
0,05 |
0,12 |
|
Financing |
Units |
1,51 |
3,30 |
2,76 |
4,72 |
|
Permanent Indebtedness Ratio |
Units |
0,40 |
0,25 |
0,29 |
0,30 |
|
M/L term Debts Ratio |
Units |
0,05 |
0,03 |
0,04 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
0,17 |
2,29 |
0,26 |
1,28 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
11,26 |
11,12 |
3,54 |
2,06 |
|
Current ratio |
Units |
1,78 |
1,36 |
1,33 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,56 |
1,26 |
1,16 |
0,84 |
|
Structure's primary quotient |
Units |
9,97 |
9,83 |
3,08 |
1,28 |
|
Treasury's primary quotient |
Units |
0,12 |
0,03 |
0,06 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
280,09 |
458,33 |
400,69 |
591,61 |
|
Current Capital ( net ) |
Value |
5.937.301 |
6.527.641 |
6.729.506 |
219.071 |
|
RETURN |
|||||
|
Return on Sales |
% |
-1,23 |
-1,63 |
0,38 |
2,22 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-11,11 |
-32,63 |
-16,24 |
6,27 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-7,16 |
-28,73 |
-15,13 |
15,95 |
|
Return on Investment ( R.O.I. ) |
% |
2,22 |
-6,31 |
-1,76 |
4,19 |
|
Return/ Sales |
% |
1,01 |
-4,28 |
-1,20 |
3,42 |
|
Extra Management revenues/charges incid. |
% |
-178,78 |
n.c. |
n.c. |
29,26 |
|
Cash Flow |
Value |
-380.827 |
-611.050 |
164.766 |
61.669 |
|
Operating Profit |
Value |
311.235 |
-1.609.902 |
-520.866 |
95.558 |
|
Gross Operating Margin |
Value |
858.547 |
16.490 |
1.319.317 |
144.934 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
101,27 |
95,54 |
113,38 |
120,94 |
|
Debts to suppliers average term |
Days |
34,61 |
27,19 |
154,59 |
120,04 |
|
Average stock waiting period |
Days |
20,10 |
17,43 |
28,23 |
61,92 |
|
Rate of capital employed return ( Turnover
) |
Units |
2,21 |
1,47 |
1,47 |
1,27 |
|
Rate of stock return |
Units |
17,91 |
20,65 |
12,75 |
5,74 |
|
Labour cost incidence |
% |
5,46 |
8,21 |
8,65 |
7,77 |
|
Net financial revenues/ charges incidence |
% |
-0,40 |
-0,85 |
-0,75 |
-1,26 |
|
Labour cost on purchasing expenses |
% |
5,50 |
8,03 |
8,60 |
7,90 |
|
Short-term financing charges |
% |
3,57 |
3,80 |
2,95 |
2,67 |
|
Capital on hand |
% |
45,32 |
67,86 |
68,25 |
78,39 |
|
Sales pro employee |
Value |
595.478 |
799.895 |
677.259 |
437.713 |
|
Labour cost pro employee |
Value |
32.494 |
65.681 |
58.555 |
33.928 |
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 .) :
|
- per food products |
: |
|
|
- per non food products |
: |
|
|
- per energy consume |
: |
|
Sector
Data
The values are calculated on a base of 6.137
significant companies.
The companies cash their credits on an
average of 121 dd.
The average duration of suppliers debts is about
120 dd.
The sector's profitability is on an average
of 2,22%.
The labour cost affects the turnover in the
measure of 7,77%.
Goods are held in stock in a range of 62 dd.
The difference between the sales volume and
the resources used to realize it is about 1,27.
The employees costs represent the 7,90% of
the production costs.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.39 |
|
|
1 |
Rs.98.00 |
|
Euro |
1 |
Rs.76.99 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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.