MIRA INFORM REPORT

 

 

Report No. :

352543

Report Date :

08.12.2015

 

IDENTIFICATION DETAILS

 

Name :

CO.DI.SAN. COMMERCIO DISTRIBUZIONE SANIT ARI S.P.A.

 

 

Registered Office :

Strada Provinciale 3/iii, Via Pantano, 24 C/DA Valcorrente, 95032 – Belpasso (CT) -IT-

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

01.08.1979

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Wholesale of Medical and Orthopedic Products

 

 

No. of Employees :

From 36 to 50

 

 

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, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Italy

A1

A1

 

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 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 132% of GDP in 2014, 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 tax evasion. In 2014 economic growth and labor market conditions continued to deteriorate, with overall unemployment rising to 12.2% and youth unemployment around 40%. Italy's GDP is now nearly 10% below its 2007 pre-crisis level.

 

Source : CIA

 

Company name & address

 

CO.DI.SAN. COMMERCIO DISTRIBUZIONE SANIT ARI S.P.A.

Strada Provinciale 3/iii, Via Pantano, 24 C/DA Valcorrente

95032 – Belpasso (CT) -IT-

 

 

Summary

 

Fiscal Code

:

00784230872

Legal Form

:

Joint stock company

start of Activities

:

01/08/1979

Equity

:

Over 2.582.254

Turnover Range

:

15.500.000/18.000.000

Number of Employees

:

from 36 to 50

 

 

Activity

 

Wholesale of medical and orthopedic products

 

 

Legal Data

 

Legal Form : Joint stock company

Fiscal Code : 00784230872

 

Foreign Trade Reg. no. : CT000466 since 12/02/1992

 

Chamber of Commerce no. : 121339 of Catania since 24/08/1979

 

Firms' Register : CT015-11317 of Catania since 19/02/1996

 

V.A.T. Code : 00784230872

 

Trade Agents Licence : 7352 of Catania since 04/03/1991

 

R. E. C. no. : 24420 of Catania since 07/05/1985

 

R. E. C. no. : 0024420 of Catania since 07/05/1985

 

Foundation date

: 01/08/1979

Establishment date

: 01/08/1979

Start of Activities

: 01/08/1979

Legal duration

: 31/12/2050

Nominal Capital

: 2.626.440

Subscribed Capital

: 2.626.440

Paid up Capital

: 2.626.440

 

Legal mail :

CODISAN@PEC.CODISAN.COM

 

Members

 

Monteforte

Roberto Antonio

 

Born in Scicli

(RG)

on 02/06/1958

- Fiscal Code : MNTRRT58H02I535N

 

Residence:

Giuseppe Aurelio Costanzo

, 41

- 95128

Catania

(CT)

- IT -

 

Position

Since

Shares Amount

% Ownership

Sole Director

29/04/2014

 

No Prejudicial events are reported

 

No Protests registered

 

Monteforte

Angelo

 

Born in Scicli

(RG)

on 21/03/1943

- Fiscal Code : MNTNGL43C21I535K

 

Position

Since

Shares Amount

% Ownership

Partner

 

No Prejudicial events are reported

 

No Protests registered

 

Monteforte

Eva

 

Born in Catania

(CT)

on 29/01/1980

- Fiscal Code : MNTVEA80A69C351G

 

Residence:

Umberto

, 93

- 95027

San Gregorio di Catania

(CT)

- IT -

 

Position

Since

Shares Amount

% Ownership

Technical Manager

28/09/2007

 

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.

 

Monteforte

Roberto Antonio

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Compagnia Servizi Integrati S.r.l.

Catania (CT) - IT -

04551040878

Director

Withdrawn

Registered

Compagnia Servizi Integrati S.r.l.

Catania (CT) - IT -

04551040878

Sole Director

Active

Registered

Monteforte Roberto

Catania (CT) - IT -

MNTRRT58H02I535N

Proprietor

Withdrawn

Ceased

Centro Di Ricerca Life Lab S.r.l.

Belpasso (CT) - IT -

11018011004

Sole Director

Active

Registered

Consorzio Etneo Attivita' Produttive

Catania (CT) - IT -

05308700870

Board Chairman

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

Monteforte Roberto Antonio

Catania - IT -

MNTRRT58H02I535N

787.932 .Eur

30,00

Monteforte Angelo

MNTNGL43C21I535K

787.932 .Eur

30,00

Soffritti Margherita

SFFMGH53C48C351S

262.644 .Eur

10,00

D'Agata Agatina Patrizia

DGTGNP58D47C351B

262.644 .Eur

10,00

Monteforte Eva

San Gregorio di Catania - IT -

MNTVEA80A69C351G

262.644 .Eur

10,00

Monteforte Michele Roberto

MNTMHL77R16C351R

262.644 .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

Compagnia Servizi Sanitari S.r.l.

04478150875

6.000 .Eur

30,00

Active

Compagnia Servizi Integrati S.r.l.

Catania - IT -

04551040878

60.000 .Eur

60,00

Active

Terme Di Vulcano S.r.l.

Catania - IT -

04744820871

19.000 .Eur

19,00

Active

Consorzio Etneo Attivita' Produttive

Catania - IT -

05308700870

Active



Firm's location and structure

 

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

 

-

Legal and operative seat

since 23/10/1990

 

3/iii, Via Pantano

, 24

- 95032

- Belpasso

(CT)

- IT -

 

Total Surface: 40.000 Sq.mt.

 

PHONE

: 0957867474

 

PHONE

: 0957867463

 

FAX

: 0957867042

 

Legal mail

: CODISAN@PEC.CODISAN.COM

 

Employees

: 38

 

Fittings and Equipment for a value of 750.000

Eur

 

Stocks for a value of 4.890.000

Eur

 

The firm operates abroad as importer..

To purchase foreign products the firm uses the following channels :

- direct orders to foreign companies

 

Import comes generally from the following nations:

- Great Britain

 

 

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

23/10/1990

Limited liability company

Joint stock company

25/11/1992

 

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.



Bankers

 

The firm operates with:

 

Bank Name

Agency Name

Address

ZIP Code

City

ABI Code

CAB Code

INTESA - SAN PAOLO


Financial Data

 

Complete balance-sheet for the year

al 31/12/2013

(in Eur

x 1)

 

Item Type

Value

Sales

16.342.217

Profit (Loss) for the period

-219.824

 

Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

 

Item Type

Value

Sales

16.032.897

Profit (Loss) for the period

-87.405

 

Complete balance-sheet for the year

al 31/12/2011

(in Eur

x 1)

 

Item Type

Value

Sales

16.186.537

Profit (Loss) for the period

-83.780

 

Complete balance-sheet for the year

al 31/12/2010

(in Eur

x 1)

 

Item Type

Value

Sales

16.787.579

Profit (Loss) for the period

-89.394

 

Complete balance-sheet for the year

al 31/12/2009

(in Eur

x 1)

 

Item Type

Value

Sales

16.018.491

Profit (Loss) for the period

-238.664


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

 

- 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

 

Years

2013

2012

2011

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.

24.392

24.589

32.785

. . Industrial patent rights

33.260

47.857

34.199

. . Concessions,licenses,trademarks,etc.

50.605

57.348

63.585

. . Goodwill

72.000

108.000

144.000

. . Assets in formation and advance paymen.

52.500

177.660

31.720

. . Other intangible fixed assets

601.483

378.623

127.599

. Total Intangible Fixed Assets

834.240

794.077

433.888

. TANGIBLE FIXED ASSETS

. . Real estate

11.335.692

11.674.356

11.992.020

. . Plant and machinery

704.027

891.122

542.266

. . Industrial and commercial equipment

47.895

59.756

56.308

. . Other assets

78.175

92.418

102.789

. . Assets under construction and advances

36.000

. Total Tangible fixed assets

12.165.789

12.717.652

12.729.383

. FINANCIAL FIXED ASSETS

. . Equity investments

358.063

383.461

363.461

. . . Equity invest. in subsidiary companies

341.313

368.711

348.711

. . . Equity invest. in associated companies

. . . Equity invest. in holding companies

. . . Equity invest. in other companies

16.750

14.750

14.750

. . 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

2.136.879

2.161.179

1.917.649

. . Own shares

. . . Total nominal value

. Total financial fixed assets

2.494.942

2.544.640

2.281.110

Total fixed assets

15.494.971

16.056.369

15.444.381

CURRENT ASSETS

. INVENTORIES

. . Raw materials and other consumables

. . Work in progress and semimanufactured

. . Work in progress on order

. . Finished goods

4.889.417

4.835.275

3.877.503

. . Advance payments

. Total Inventories

4.889.417

4.835.275

3.877.503

. CREDITS NOT HELD AS FIXED ASSETS

. . Within 12 months

11.520.522

7.820.440

8.032.486

. . Beyond 12 months

379.082

5.554.348

6.531.620

. . Trade receivables

10.439.358

11.829.266

13.296.168

. . . . Within 12 months

10.439.358

6.631.357

7.137.157

. . . . Beyond 12 months

5.197.909

6.159.011

. . 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

262.586

234.319

130.971

. . . . Within 12 months

262.586

234.319

130.971

. . . . Beyond 12 months

. . Receivables for anticipated taxes

800.924

765.643

675.523

. . . . Within 12 months

800.924

765.643

675.523

. . . . Beyond 12 months

. . Receivables due from third parties

396.736

545.560

461.444

. . . . Within 12 months

17.654

189.121

88.835

. . . . Beyond 12 months

379.082

356.439

372.609

. Total Credits not held as fixed assets

11.899.604

13.374.788

14.564.106

. 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

15.000

15.000

15.000

. Total Financial Assets

15.000

15.000

15.000

. LIQUID FUNDS

. . Bank and post office deposits

362.615

59.316

237.030

. . Checks

45.875

60.993

34.162

. . Banknotes and coins

28.672

8.729

18.878

. Total Liquid funds

437.162

129.038

290.070

Total current assets

17.241.183

18.354.101

18.746.679

ADJUSTMENT ACCOUNTS

. Discount on loans

148.709

152.994

161.596

. Other adjustment accounts

Total adjustments accounts

148.709

152.994

161.596

TOTAL ASSETS

32.884.863

34.563.464

34.352.656

LIABILITIES

STOCKHOLDERS' EQUITY

. Capital stock

2.626.440

2.626.440

2.626.440

. Additional paid-in capital

. Revaluation reserves

2.931.344

3.018.749

3.102.529

. Legal reserve

179.223

179.223

179.223

. Reserve for Own shares

. Statute reserves

. Other reserves

2.069

2.065

2.068

. Accumulated Profits (Losses)

. Profit( loss) of the year

-219.824

-87.405

-83.780

. Advances on dividends

. Partial loss of the year Coverage

Total Stockholders'Equity

5.519.252

5.739.072

5.826.480

RESERVES FOR RISKS AND CHARGES

. . Reserve for employee termination indem.

. . Taxation fund, also differed

1.120.884

1.147.158

1.065.676

. . Other funds

Total Reserves for Risks and Charges

1.120.884

1.147.158

1.065.676

Employee termination indemnities

453.525

415.116

363.719

ACCOUNTS PAYABLE

. . . . Within 12 months

14.678.959

14.612.457

14.041.772

. . . . Beyond 12 months

8.195.845

9.524.621

9.916.979

. . 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

15.848.715

16.499.799

16.706.828

. . . . Within 12 months

9.351.969

9.628.097

9.767.447

. . . . Beyond 12 months

6.496.746

6.871.702

6.939.381

. . Due to other providers of finance

. . . . Within 12 months

. . . . Beyond 12 months

. . Advances from customers

. . . . Within 12 months

. . . . Beyond 12 months

. . Trade payables

5.966.296

6.112.167

5.459.206

. . . . Within 12 months

4.267.197

4.259.051

3.427.631

. . . . Beyond 12 months

1.699.099

1.853.116

2.031.575

. . 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

898.280

1.270.693

1.482.845

. . . . Within 12 months

898.280

470.890

536.822

. . . . Beyond 12 months

799.803

946.023

. . Due to social security and welfare inst.

75.906

64.259

48.079

. . . . Within 12 months

75.906

64.259

48.079

. . . . Beyond 12 months

. . Other payables

85.607

190.160

261.793

. . . . Within 12 months

85.607

190.160

261.793

. . . . Beyond 12 months

Total accounts payable

22.874.804

24.137.078

23.958.751

ADJUSTMENT ACCOUNTS

. Agio on loans

. Other adjustment accounts

2.916.398

3.125.040

3.138.030

Total adjustment accounts

2.916.398

3.125.040

3.138.030

TOTAL LIABILITIES

32.884.863

34.563.464

34.352.656

 

 

 

 

 

MEMORANDUM ACCOUNTS

 

Third party goods

Investment accounts

Risk accounts

Civil and fiscal norms relation

 

 

 

 

 

PROFIT AND LOSS ACCOUNTS

 

VALUE OF PRODUCTION

. Revenues from sales and services

16.342.217

16.032.899

16.186.536

. Changes in work in progress

. Changes in semi-manufact. products

. Capitalization of internal work

. Other income and revenues

258.962

496.581

503.558

. . Contributions for operating expenses

. . Different income and revenues

258.962

496.581

503.558

Total value of production

16.601.179

16.529.480

16.690.094

PRODUCTION COSTS

. Raw material,other materials and consum.

12.108.709

12.878.151

11.885.694

. Services received

1.797.384

1.947.425

. Leases and rentals

1.852.304

246.988

226.924

. Payroll and related costs

1.095.210

1.012.140

999.592

. . Wages and salaries

786.230

738.109

720.175

. . Social security contributions

241.728

211.936

217.200

. . Employee termination indemnities

67.252

62.095

62.217

. . Pension and similar

. . Other costs

. Amortization and depreciation

830.008

688.361

677.000

. . Amortization of intangible fixed assets

233.084

115.718

111.782

. . Amortization of tangible fixed assets

596.924

572.643

565.218

. . Depreciation of tangible fixed assets

. . Writedown of current receiv.and of liquid

. Changes in raw materials

-54.142

-957.772

118.708

. Provisions to risk reserves

. Other provisions

. Other operating costs

381.023

349.242

318.277

Total production costs

16.213.112

16.014.494

16.173.620

Diff. between value and cost of product.

388.067

514.986

516.474

FINANCIAL INCOME AND EXPENSE

. Income from equity investments

. . In subsidiary companies

. . In associated companies

. . In other companies

. Other financial income

291.632

174.652

279.449

. . 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

291.632

174.652

279.449

. . . - Subsidiary companies

. . . - Associated companies

. . . - Holding companies

. . . - Other companies

291.632

174.652

279.449

. Interest and other financial expense

-901.241

-934.534

-836.004

. . Towards subsidiary companies

. . Towards associated companies

. . Towards holding companies

. . Towards other companies

-901.241

934.534

836.004

Total financial income and expense

-609.609

-759.882

-556.555

ADJUSTMENTS TO FINANCIAL ASSETS

. Revaluations

26.884

243.530

. . Of equity investments

. . Of financ.fixed assets not repres.E.I.

26.884

243.530

. . Of securities incl.among current assets

. Devaluation

-27.398

. . Of equity investments

-27.398

. . Of financial fixed assets (no equity inv)

. . Of securities included among current ass

Total adjustments to financial assets

-514

243.530

EXTRAORDINARY INCOME AND EXPENSE

. Extraordinary income

72.160

10.527

89.704

. . Gains on disposals

61.287

12.788

. . Other extraordinary income

10.873

10.527

76.916

. Extraordinary expense

-72.390

-48.012

-83.610

. . Losses on disposals

-16.000

. . Taxes relating to prior years

. . Other extraordinary expense

-72.390

-32.012

-83.610

Total extraordinary income and expense

-230

-37.485

6.094

Results before income taxes

-222.286

-38.851

-33.987

. Taxes on current income

-2.462

48.554

49.793

. . current taxes

59.093

57.191

57.654

. . differed taxes(anticip.)

-61.555

-8.637

-7.861

. Net income for the period

-219.824

-87.405

-83.780

. Adjustments in tax regulations pursuance

. Provisions in tax regulations pursuance

. Profit (loss) of the year

-219.824

-87.405

-83.780

 

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

0,47

0,46

0,45

0,09

Elasticity Ratio

Units

0,52

0,53

0,55

0,89

Availability of stock

Units

0,15

0,14

0,11

0,26

Total Liquidity Ratio

Units

0,38

0,39

0,43

0,54

Quick Ratio

Units

0,01

0,00

0,01

0,03

COMPOSITION ON SOURCE

Net Short-term indebtedness

Units

2,58

2,52

2,36

3,95

Self Financing Ratio

Units

0,17

0,17

0,17

0,17

Capital protection Ratio

Units

0,56

0,56

0,56

0,62

Liabilities consolidation quotient

Units

0,59

0,68

0,73

0,10

Financing

Units

4,14

4,21

4,11

4,85

Permanent Indebtedness Ratio

Units

0,43

0,45

0,47

0,29

M/L term Debts Ratio

Units

0,26

0,29

0,30

0,07

Net Financial Indebtedness Ratio

Units

2,79

2,85

2,82

1,04

CORRELATION

Fixed assets ratio

Units

0,91

0,98

1,04

2,37

Current ratio

Units

1,17

1,26

1,34

1,18

Acid Test Ratio-Liquidity Ratio

Units

0,84

0,93

1,06

0,80

Structure's primary quotient

Units

0,36

0,36

0,38

1,48

Treasury's primary quotient

Units

0,03

0,01

0,02

0,04

Rate of indebtedness ( Leverage )

%

595,82

602,25

589,60

602,26

Current Capital ( net )

Value

2.562.224

3.741.644

4.704.907

191.984

RETURN

Return on Sales

%

3,73

3,75

3,66

2,03

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

%

-3,98

-1,52

-1,44

6,31

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

%

-4,03

-0,68

-0,58

17,00

Return on Investment ( R.O.I. )

%

1,18

1,49

1,50

4,18

Return/ Sales

%

2,37

3,21

3,19

3,46

Extra Management revenues/charges incid.

%

-56,65

-16,97

-16,22

27,96

Cash Flow

Value

610.184

600.956

593.220

44.823

Operating Profit

Value

388.067

514.986

516.474

74.603

Gross Operating Margin

Value

1.218.075

1.203.347

1.193.474

111.383

MANAGEMENT

Credits to clients average term

Days

229,97

265,61

295,72

113,70

Debts to suppliers average term

Days

153,85

147,45

139,78

118,14

Average stock waiting period

Days

107,71

108,57

86,24

72,90

Rate of capital employed return ( Turnover )

Units

0,50

0,46

0,47

1,25

Rate of stock return

Units

3,34

3,32

4,17

4,88

Labour cost incidence

%

6,70

6,31

6,18

8,14

Net financial revenues/ charges incidence

%

-3,73

-4,74

-3,44

-1,38

Labour cost on purchasing expenses

%

6,76

6,32

6,18

8,25

Short-term financing charges

%

3,94

3,87

3,49

2,76

Capital on hand

%

201,23

215,58

212,23

79,85

Sales pro employee

Value

480.653

517.190

522.146

397.742

Labour cost pro employee

Value

32.212

32.649

32.244

33.267

 

 

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

:

1.071.883

Population living in the region

:

5.013.081

Number of families in the region

:

1.842.252

 

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

 

- per food products

:

425

- per non food products

:

1.256

- per energy consume

:

69



Sector Data

 

The values are calculated on a base of 9.175 significant companies.

The companies cash their credits on an average of 114 dd.

The average duration of suppliers debts is about 118 dd.

The sector's profitability is on an average of 2,03%.

The labour cost affects the turnover in the measure of 8,14%.

Goods are held in stock in a range of 73 dd.

The difference between the sales volume and the resources used to realize it is about 1,25.

The employees costs represent the 8,25% of the production costs.



Statistical Detrimental Data

 

Statistically the trade activity shows periods of crisis.

The area is statistically considered remarkably risky.

In the region 54.738 protested subjects are found; in the province they count to 13.788.

The insolvency index for the region is 1,09, , while for the province it is 1,29.

Total Bankrupt companies in the province : 3.235.

Total Bankrupt companies in the region : 14.491.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.63

UK Pound

1

Rs.100.65

Euro

1

Rs.72.40

ITL

1

Rs.72.46

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

TRI

 

 

Report Prepared by :

TPT

 

               

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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