MIRA INFORM REPORT
|
Report No. : |
355930 |
|
Report Date : |
22.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
FAVINI S.R.L. |
|
|
|
|
Registered Office : |
Via
Alcide De Gasperi, 26, 36028 - Rossano Veneto (VI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
28.03.2008 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
· Manufacture of pulp, paper and cardboard · Manufacture of paper and cardboard |
|
|
|
|
No. of Employees : |
From 251 to 500 |
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 : |
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 and address
FAVINI S.R.L.
Via
Alcide De Gasperi, 26
36028
- Rossano Veneto (VI) -IT-
Summary
|
Fiscal
Code |
: |
03464230246 |
|
Legal
Form |
: |
Limited
liability company |
|
start
of Activities |
: |
01/05/2008 |
|
Equity |
: |
Over
2.582.254 |
|
Turnover
Range |
: |
100.000.000/150.000.000
|
|
Number
of Employees |
: |
from
251 to 500 |
Activity
Manufacture
of pulp, paper and cardboard
Manufacture
of paper and cardboard
Legal
Data
Legal
Form : Limited liability company
|
Fiscal
Code : 03464230246 |
|
Chamber
of Commerce no. : 196509 of Verbania |
|
Chamber
of Commerce no. : 327422 of Vicenza since 01/04/2008 |
|
V.A.T.
Code : 03464230246 |
|
Establishment
date |
:
28/03/2008 |
|
|
Start
of Activities |
:
01/05/2008 |
|
|
Legal
duration |
:
31/12/2030 |
|
|
Nominal
Capital |
:
30.262.500 |
|
|
Subscribed
Capital |
:
262.500 |
|
|
Paid
up Capital |
:
262.500 |
|
Legal
mail : |
FAVINI@CERT.ASSIND.VI.IT |
Members
|
|
Polo |
Paolo |
|
|
Born
in Montebelluna |
(TV) |
on
30/09/1974 |
-
Fiscal Code : PLOPLA74P30F443T |
|
|
Residence: |
Alcide
De Gasperi |
,
41 |
-
31039 |
Riese
Pio X |
(TV) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney
with special power |
03/11/2015 |
|
|
No
Protests registered |
|
|
Casazza |
Filippo |
|
|
Born
in Castelleone |
(CR) |
on
26/05/1968 |
-
Fiscal Code : CSZFPP68E26C153C |
|
|
Residence: |
R.sanzio |
,
4 |
-
20082 |
Bovisio-masciago |
(MI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
23/05/2008 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Credit
Agricole Capital Investissement E |
Finance
S.a. |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
03/08/2015 |
|
|
Giorgetta |
Marco |
|
|
Born
in Morbegno |
(SO) |
on
18/05/1981 |
-
Fiscal Code : GRGMRC81E18F712Q |
|
|
Residence: |
Alcide
De Gasperi |
,
26 |
-
36028 |
Rossano
Veneto |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
03/08/2015 |
|
|
Cafasso |
Paola |
|
|
Born
in Torino |
(TO) |
on
02/06/1957 |
-
Fiscal Code : CFSPLA57H42L219V |
|
|
Residence: |
Galleana |
,
24 |
-
10050 |
Coazze |
(TO) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
04/05/2010 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Frigati |
Paolo |
|
|
Born
in Contarina |
(RO) |
on
26/10/1978 |
-
Fiscal Code : FRGPLA78R26C967E |
|
|
Residence: |
Alcide
De Gasperi |
,
26 |
-
36028 |
Rossano
Veneto |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
03/08/2015 |
|
|
Montanaro |
Massimo |
|
|
Born
in Magenta |
(MI) |
on
06/08/1972 |
-
Fiscal Code : MNTMSM72M06E801A |
|
|
Residence: |
Alcide
De Gasperi |
,
26 |
-
36028 |
Rossano
Veneto |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
03/08/2015 |
|
|
Stragliotto |
Flavio |
|
|
Born
in Bassano del Grappa |
(VI) |
on
25/02/1968 |
-
Fiscal Code : STRFLV68B25A703B |
|
|
Residence: |
Papa
Luciani |
,
27 |
-
36027 |
Rosa' |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney
with special power |
28/01/2010 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Tagnin |
Stefano |
|
|
Born
in Marostica |
(VI) |
on
11/07/1972 |
-
Fiscal Code : TGNSFN72L11E970L |
|
|
Residence: |
Marsala |
,
10 |
-
36027 |
Rosa' |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
07/05/2008 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Galli |
Ferdinando |
|
|
Born
in Mesero |
(MI) |
on
30/08/1956 |
-
Fiscal Code : GLLFDN56M30F155P |
|
|
Residence: |
Lombardia |
,
31 |
-
20013 |
Magenta |
(MI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney
with special power |
29/01/2010 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Bertolo |
Marco |
|
|
Born
in Bassano del Grappa |
(VI) |
on
08/12/1972 |
-
Fiscal Code : BRTMRC72T08A703Z |
|
|
Residence: |
F.lli
Rosselli |
,
12 |
-
36055 |
Nove |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
08/05/2008 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Eger |
Eugenio |
|
|
Born
in Bassano del Grappa |
(VI) |
on
02/01/1968 |
-
Fiscal Code : GREGNE68A02A703U |
|
|
Residence: |
Alcide
De Gasperi |
,
26 |
-
36028 |
Rossano
Veneto |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Managing
Director |
05/08/2015 |
||
|
Director |
03/08/2015 |
||
|
Attorney
with special power |
28/01/2010 |
||
|
Procurator |
28/01/2010 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Scarlatti |
Paolo |
|
|
Born
in Genova |
(GE) |
on
01/03/1962 |
-
Fiscal Code : SCRPLA62C01D969K |
|
|
Residence: |
Venezia |
,
59 |
-
20121 |
Milano |
(MI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
03/08/2015 |
||
|
Board
Chairman |
03/08/2015 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Ionescu |
Viorica
Cristina |
|
|
Born
in Bucarest |
(
) |
on
19/10/1953 |
-
Fiscal Code : NSCVCC53R59Z129N |
|
|
Residence: |
Donne
Della Resistenza |
,
52 |
-
28831 |
Baveno |
(VB) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
23/05/2008 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Ceccato |
Enrico |
|
|
Born
in Padova |
(PD) |
on
28/06/1961 |
-
Fiscal Code : CCCNRC61H28G224H |
|
|
Residence: |
Alcide
De Gasperi |
,
26 |
-
36028 |
Rossano
Veneto |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
03/08/2015 |
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.
|
|
Scarlatti |
Paolo |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Morris
Profumi S.p.a. |
Parma
(PR) - IT - |
11046740152 |
Director |
Withdrawn |
Registered |
|
Limoni
S.p.a. |
Milano
(MI) - IT - |
01980940835 |
Director |
Withdrawn |
Registered |
|
Limoni
S.p.a. |
Milano
(MI) - IT - |
01980940835 |
Assistant
board Chairman |
Withdrawn |
Registered |
|
Vuzeta
S.p.a. |
Sesto
Fiorentino (FI) - IT - |
02622340046 |
Director |
Withdrawn |
Registered |
|
Jumbo
Grandi Eventi S.p.a. In LiquidazioNe |
Roma
(RM) - IT - |
08040280011 |
Director |
Withdrawn |
In
liquidation |
|
Jumbo
Grandi Eventi S.p.a. In LiquidazioNe |
Roma
(RM) - IT - |
08040280011 |
Board
Chairman |
Withdrawn |
In
liquidation |
|
Globe
Events Management S.p.a. In BreveGem S.p.a. |
Roma
(RM) - IT - |
06397871002 |
Board
Chairman |
- |
Bankrupt |
|
Bruno
Magli S.p.a. |
Bologna
(BO) - IT - |
03289300968 |
Director |
Withdrawn |
Registered |
|
Cogetech
Gaming S.r.l. O In Forma Abbreviata Cgt Gaming S.r.l. |
Milano
(MI) - IT - |
09102971000 |
Director |
Active |
Registered |
|
Cogetech
Gaming S.r.l. O In Forma Abbreviata Cgt Gaming S.r.l. |
Milano
(MI) - IT - |
09102971000 |
Assistant
board Chairman |
Active |
Registered |
|
Globe
Event Management S.p.a. |
Roma
(RM) - IT - |
10062091003 |
Director |
Withdrawn |
Ceased |
|
Cartotecnica
Favini Srl |
Rossano
Veneto (VI) - IT - |
03465140246 |
Director |
Active |
Registered |
|
Cartotecnica
Favini Srl |
Rossano
Veneto (VI) - IT - |
03465140246 |
Board
Chairman |
Active |
Registered |
|
Cgt
Sport S.r.l. |
Milano
(MI) - IT - |
05533871215 |
Director |
Withdrawn |
Registered |
|
Edizioni
White Star S.r.l. |
Milano
(MI) - IT - |
02125070033 |
Director |
Withdrawn |
Ceased |
|
F
E B S.r.l. |
Roma
(RM) - IT - |
07386891001 |
Director |
Withdrawn |
Registered |
|
La
Gardenia Beauty S.p.a. |
Grosseto
(GR) - IT - |
01336120538 |
Managing
Director |
Active |
Registered |
|
La
Gardenia Beauty S.p.a. |
Grosseto
(GR) - IT - |
01336120538 |
Director |
Active |
Registered |
|
La
Gardenia Beauty S.p.a. |
Grosseto
(GR) - IT - |
01336120538 |
Board
Chairman |
Withdrawn |
Registered |
|
Jackpot
Societa' Per Azioni |
Roma
(RM) - IT - |
10668351009 |
Director |
Withdrawn |
Registered |
|
Veicolo
Tre S.p.a. |
Rossano
Veneto (VI) - IT - |
03508060245 |
Director |
Withdrawn |
Registered |
|
Veicolo
Tre S.p.a. |
Rossano
Veneto (VI) - IT - |
03508060245 |
Board
Chairman |
Withdrawn |
Registered |
|
Gruppo
Cogemat S.p.a. - In Liquidazione |
Milano
(MI) - IT - |
05308690964 |
Director |
Withdrawn |
Registered |
|
Azzurro
Gaming S.p.a. |
Milano
(MI) - IT - |
06772260961 |
Director |
Withdrawn |
Registered |
|
Cogetech
S.p.a. |
Milano
(MI) - IT - |
04497000960 |
Director |
Withdrawn |
Registered |
|
Cogemat
Spa |
Milano
(MI) - IT - |
08897510015 |
Director |
Active |
Registered |
|
3g
S.r.l. |
Meda
(MB) - IT - |
10093090016 |
Sole
Director |
Withdrawn |
Registered |
|
Favini
Holding S.r.l. |
Rossano
Veneto (VI) - IT - |
03656900242 |
Director |
Withdrawn |
Ceased |
|
Favini
Holding S.r.l. |
Rossano
Veneto (VI) - IT - |
03656900242 |
Board
Chairman |
Withdrawn |
Ceased |
|
New
Game S.r.l. |
Milano
(MI) - IT - |
06992970969 |
Sole
Director |
Withdrawn |
Registered |
|
Progetto
Uno S.p.a. |
Milano
(MI) - IT - |
08047360964 |
Director |
Active |
Registered |
|
Progetto
P S.r.l. |
Meda
(MB) - IT - |
08465840968 |
Sole
Director |
Active |
Registered |
|
City
Zen S.r.l. |
Milano
(MI) - IT - |
09073300965 |
Director |
Active |
Registered |
|
Orlando
Italy S.r.l. |
Torino
(TO) - IT - |
11359770010 |
Director |
Active |
Registered |
|
|
Eger |
Eugenio |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Old
Favini S.r.l. - In Liquidazione - -In Concordato Preventivo - |
Rossano
Veneto (VI) - IT - |
80003370261 |
Institor |
Active |
Registered |
|
Cartotecnica
Favini S.r.l. - In LiquidazIone |
Rossano
Veneto (VI) - IT - |
01421980242 |
Institor |
Active |
Registered |
|
Cartotecnica
Favini S.r.l. - In LiquidazIone |
Rossano
Veneto (VI) - IT - |
01421980242 |
Liquidator |
Active |
Registered |
|
Sporting
Club Bassano Del Grappa S.p.a. |
Romano
d'Ezzelino (VI) - IT - |
00261090245 |
Sole
Director |
Active |
Registered |
|
Cartotecnica
Favini Srl |
Rossano
Veneto (VI) - IT - |
03465140246 |
Procurator |
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 |
|
Ghedini
Vittoria Nicoletta |
GHDVTR42H57G224X |
2.620
.Eur |
0,99 |
|
|
Favini
Andrea |
Padova
- IT - |
FVNNDR72S27G224H |
2.620
.Eur |
0,99 |
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 |
|
Gas
Intensive Soc. Consortile A Responsa bilita' Limitata |
Milano
- IT - |
03305420964 |
1.000
.Eur |
0,36 |
Active |
||
|
Cartotecnica
Favini Srl |
Rossano
Veneto - IT - |
03465140246 |
200.000
.Eur |
100,00 |
Active |
Firm's
location and structure
In
order to carry out its activities the firm uses the following locations:
|
- |
Legal
and operative seat |
|
Alcide
De Gasperi |
,
26 |
-
36028 |
-
Rossano Veneto |
(VI) |
-
IT - |
|
Legal
mail |
:
FAVINI@CERT.ASSIND.VI.IT |
|
- |
Branch |
(Factory) |
since
01/05/2008 |
|
Iv
Novembre |
,
276 |
-
28026 |
-
Omegna |
(VB) |
-
IT - |
|
- |
Branch |
(office) |
since
22/12/2013 |
|
Carnac
Palace |
,
SN |
-
Fareham |
(EE) |
-
GB - |
|
Employees |
:
452 |
|
Fittings
and Equipment for a value of 33.880.000 |
Eur |
|
Stocks
for a value of 28.820.000 |
Eur |
Historical Information and/or Firm's Status
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project
of merging by taking over of |
|
|
|
|
A.
De Gasperi |
,
26 |
,
36028 |
,
Rossano Veneto |
(VI) |
-
IT - |
|
|
Fiscal
Code: 03508060245 |
|
|
Date
|
Merging/splitting-up
project: |
29/02/2012 |
|
|
The
firm absorbed by merging of |
|
|
|
|
A.
De Gasperi |
,
26 |
,
36028 |
,
Rossano Veneto |
(VI) |
-
IT - |
|
|
Fiscal
Code: 03508060245 |
|
|
Date
|
:
|
18/05/2012 |
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 |
|
CREDITO
ARTIGIANO |
SEDE
DI MILANO |
PIAZZA
SAN FEDELE, 4 |
20100 |
Milano
(MI) |
3512 |
1601 |
Financial and Economical Analysis
The company is active since 2008
The eonomic-financial analysis is based on
the latest 3 b/s.
Under the financial profile unstable results
are noted. with a loss in the last financial year. The turnover is growing in
the last financial year (+17,02%).
The return on Investment in the last
financial year was positive (1,08%) and in line with the sector's average.
The amount of the operating result for the
year 2014 is of Eur. 1.494.596 with a -51,58% drop.
The G.O.M. amounted to Eur. 9.229.139 on the
same levels as the previous financial year.
The financial status of the company is fairly
balanced with an indebtedness level of 1,63 even though on the increase if
compared to 2013.
With regard to equity capital, an amount of
Eur. 35.826.881 is registered. on stable levels.
In the year 2014 total debts amounted to Eur.
93.799.371 , with no sensible variation.
Financial debts as well as debts to suppliers
are rather high anyway better than the field's average.
It shows a good range of liquidity.
Accounts receivable average term is 75,74
days. , a value lower than the sector's average.
Eur. 7.373.990 is the value of cash flow
during the year 2014
Subordinate employment cost is of Eur.
24.864.835, i.e. 17,13% on total production costs. , whereas the incidence on
sales revenues is of 18,04%.
Financial charges have a high incidence
(-2,16%) on turnover figures.
Financial
Data
|
|
Complete
balance-sheet for the year |
al
31/12/2014 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
137.813.885 |
|
Profit
(Loss) for the period |
-360.553 |
|
|
Complete
balance-sheet for the year |
al
31/12/2013 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
117.764.647 |
|
Profit
(Loss) for the period |
143.641 |
|
|
Complete
balance-sheet for the year |
al
31/12/2012 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
109.274.606 |
|
Profit
(Loss) for the period |
776.880 |
|
|
Complete
balance-sheet for the year |
al
31/12/2011 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
117.403.943 |
|
Profit
(Loss) for the period |
3.759.759 |
|
|
Complete
balance-sheet for the year |
al
31/12/2010 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
113.490.670 |
|
Profit
(Loss) for the period |
906.042 |
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 31/12/2014 - 12 Mesi - Currency: - Amounts x 1 |
|
-
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
RATIOS |
Value
Type |
as
at 31/12/2014 |
as
at 31/12/2013 |
as
at 31/12/2012 |
Sector
Average |
|
COMPOSITION
ON INVESTMENT |
|||||
|
Rigidity
Ratio |
Units |
0,51 |
0,57 |
0,45 |
0,43 |
|
Elasticity
Ratio |
Units |
0,49 |
0,43 |
0,54 |
0,55 |
|
Availability
of stock |
Units |
0,21 |
0,17 |
0,21 |
0,12 |
|
Total
Liquidity Ratio |
Units |
0,28 |
0,25 |
0,34 |
0,40 |
|
Quick
Ratio |
Units |
0,03 |
0,03 |
0,04 |
0,01 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net
Short-term indebtedness |
Units |
1,63 |
1,40 |
1,66 |
1,49 |
|
Self
Financing Ratio |
Units |
0,26 |
0,28 |
0,26 |
0,29 |
|
Capital
protection Ratio |
Units |
1,00 |
0,99 |
0,96 |
0,76 |
|
Liabilities
consolidation quotient |
Units |
0,57 |
0,61 |
0,47 |
0,29 |
|
Financing |
Units |
2,62 |
2,29 |
2,47 |
2,09 |
|
Permanent
Indebtedness Ratio |
Units |
0,52 |
0,54 |
0,48 |
0,47 |
|
M/L
term Debts Ratio |
Units |
0,26 |
0,26 |
0,22 |
0,13 |
|
Net
Financial Indebtedness Ratio |
Units |
1,45 |
1,23 |
1,24 |
0,66 |
|
CORRELATION |
|||||
|
Fixed
assets ratio |
Units |
1,02 |
0,94 |
1,07 |
1,13 |
|
Current
ratio |
Units |
1,08 |
1,02 |
1,15 |
1,18 |
|
Acid
Test Ratio-Liquidity Ratio |
Units |
0,62 |
0,60 |
0,71 |
0,81 |
|
Structure's
primary quotient |
Units |
0,51 |
0,49 |
0,58 |
0,65 |
|
Treasury's
primary quotient |
Units |
0,07 |
0,07 |
0,08 |
0,02 |
|
Rate
of indebtedness ( Leverage ) |
% |
385,49 |
357,41 |
380,49 |
347,40 |
|
Current
Capital ( net ) |
Value |
4.760.242 |
899.369 |
6.970.102 |
277.456 |
|
RETURN |
|||||
|
Return
on Sales |
% |
5,35 |
4,33 |
5,19 |
3,75 |
|
Return
on Equity - Net- ( R.O.E. ) |
% |
-1,01 |
0,40 |
2,98 |
0,03 |
|
Return
on Equity - Gross - ( R.O.E. ) |
% |
-4,02 |
2,87 |
6,05 |
0,71 |
|
Return
on Investment ( R.O.I. ) |
% |
1,08 |
2,39 |
2,98 |
2,25 |
|
Return/
Sales |
% |
1,08 |
2,62 |
2,70 |
2,41 |
|
Extra
Management revenues/charges incid. |
% |
-24,12 |
4,65 |
26,33 |
15,06 |
|
Cash
Flow |
Value |
7.373.990 |
5.095.575 |
5.669.021 |
375.939 |
|
Operating
Profit |
Value |
1.494.596 |
3.087.035 |
2.950.657 |
75.030 |
|
Gross
Operating Margin |
Value |
9.229.139 |
8.056.749 |
7.842.798 |
984.767 |
|
MANAGEMENT |
|||||
|
Credits
to clients average term |
Days |
75,74 |
78,16 |
82,27 |
115,37 |
|
Debts
to suppliers average term |
Days |
101,61 |
95,47 |
104,39 |
130,42 |
|
Average
stock waiting period |
Days |
75,28 |
68,61 |
68,06 |
51,55 |
|
Rate
of capital employed return ( Turnover ) |
Units |
1,00 |
0,91 |
1,10 |
0,94 |
|
Rate
of stock return |
Units |
4,78 |
5,25 |
5,29 |
6,98 |
|
Labour
cost incidence |
% |
18,04 |
19,59 |
20,25 |
14,75 |
|
Net
financial revenues/ charges incidence |
% |
-2,16 |
-1,86 |
-1,91 |
-2,34 |
|
Labour
cost on purchasing expenses |
% |
17,13 |
19,47 |
20,47 |
14,06 |
|
Short-term
financing charges |
% |
4,24 |
2,65 |
3,26 |
3,03 |
|
Capital
on hand |
% |
100,21 |
109,83 |
90,68 |
105,97 |
|
Sales
pro employee |
Value |
302.223 |
265.235 |
158.139 |
268.685 |
|
Labour
cost pro employee |
Value |
54.528 |
51.965 |
32.021 |
34.580 |
Remarks
1) Protests checking (relative to the last
five years) performed by crossing and matching the members names and the Firm's
Style with the reported addresses, is supplied by the Informatic Registry
managed by the Italian Chamber of Commerce. If the fiscal code is not
indicated, the eventual homonymous cases are submitted to expert staff
evaluation in order to limit wrong matching risks.
2) The Legal Data, supplied and retrived from
the Firm's Registry of the Italian Chamber of Commerce, are in line with the
last registered modifications.
3) Risk evaluation and Credit Opinion have
been performed on the base of the actual data at the moment of their
availability.
Market
/ Territory Data
|
Population
living in the province |
:
|
|
|
Population
living in the region |
:
|
|
|
Number
of families in the region |
:
|
|
Monthly
family expences average in the region (in Eur..) :
|
-
per food products |
:
|
|
|
-
per non food products |
:
|
|
|
-
per energy consume |
:
|
|
Sector
Data
The
values are calculated on a base of 210 significant companies.
The
companies cash their credits on an average of 115 dd.
The
average duration of suppliers debts is about 130 dd.
The
sector's profitability is on an average of 3,75%.
The
labour cost affects the turnover in the measure of 14,75%.
Goods
are held in stock in a range of 52 dd.
The
difference between the sales volume and the resources used to realize it is
about 0,94.
The
employees costs represent the 14,06% of the production costs.
Statistical
Detrimental Data
Statistcally
the trade activity shows periods of crisis.
The
area is statistically considered lowly risky.
In
the region 13.782 protested subjects are found; in the province they count to
2.234.
The
insolvency index for the region is 0,30, , while for the province it is 0,27.
Total
Bankrupt companies in the province : 2.546.
Total
Bankrupt companies in the region : 16.714.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.32 |
|
|
1 |
Rs.98.99 |
|
Euro |
1 |
Rs.72.13 |
|
ITL |
1 |
Rs.72.34 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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.