|
Report No. : |
356398 |
|
Report Date : |
28.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
BREVETTI C.E.A. S.P.A. |
|
|
|
|
Registered Office : |
Via Del Commercio, 28, 36050 – Sovizzo (VI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
22.07.1986 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
Manufacture
of pharmaceutical-based products |
|
|
|
|
No. of Employee : |
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 : |
No complaints |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 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 |
BREVETTI
C.E.A. S.P.A.
Via Del Commercio, 28,
36050 – Sovizzo (VI) -IT-
|
Fiscal
Code |
: |
01852870243 |
|
Legal
Form |
: |
Joint
stock company |
|
start
of Activities |
: |
03/07/1988 |
|
Equity |
: |
Over
2.582.254 |
|
Turnover
Range |
: |
25.000.000/35.000.000 |
|
Number
of Employees |
: |
from
251 to 500 |
Manufacture
of pharmaceutical-based products
Legal Form : Joint stock company
|
Fiscal
Code : 01852870243 |
|
Foreign
Trade Reg. no. : VI000203 since 26/11/1991 |
|
Chamber
of Commerce no. : 188829 of Vicenza since 26/08/1986 |
|
Firms'
Register : VI116-19487 of Vicenza |
|
V.A.T.
Code : 01852870243 |
|
Foundation
date |
:
22/07/1986 |
|
|
Establishment
date |
:
22/07/1986 |
|
|
Start
of Activities |
:
03/07/1988 |
|
|
Legal
duration |
:
31/12/2050 |
|
|
Nominal
Capital |
:
780.000 |
|
|
Subscribed
Capital |
:
780.000 |
|
|
Paid
up Capital |
:
780.000 |
|
Legal
mail : |
BREVETTICEA@PEC.IT |
|
|
Ferrari |
Ferruccio |
|
|
Born
in Vicenza |
(VI) |
on
25/02/1950 |
-
Fiscal Code : FRRFRC50B25L840M |
|
|
Residence: |
San
Bastiano |
,
10 |
-
36100 |
Vicenza |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
07/05/2014 |
||
|
Managing
Director |
07/05/2014 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Signorelli |
Alessandro |
|
|
Born
in Seriate |
(BG) |
on
02/03/1951 |
-
Fiscal Code : SGNLSN51C02I628M |
|
|
Residence: |
Ciro
Menotti 25 |
-
36030 |
Caldogno |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
07/05/2014 |
||
|
Managing
Director |
07/05/2014 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Ferrari |
Giovanni |
|
|
Born
in Vicenza |
(VI) |
on
02/08/1950 |
-
Fiscal Code : FRRGNN50M02L840S |
|
|
Residence: |
Poliziano |
,
3 |
-
36100 |
Vicenza |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
07/05/2014 |
||
|
Board
Chairman |
07/05/2014 |
||
|
Managing
Director |
07/05/2014 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Sora |
Gianluigi |
|
|
Born
in Brescia |
(BS) |
on
16/07/1955 |
-
Fiscal Code : SROGLG55L16B157N |
|
|
Residence: |
Xx
Settembre |
,
51 |
-
36015 |
Schio |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney
with special power |
24/02/2014 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Ferrari |
Marco |
|
|
Born
in Bologna |
(BO) |
on
28/07/1985 |
-
Fiscal Code : FRRMRC85L28A944N |
|
|
Residence: |
S.bastiano |
,
13 |
-
36100 |
Vicenza |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
07/05/2014 |
|
|
Ferrari |
Alessandro |
|
|
Born
in Padova |
(PD) |
on
09/05/1981 |
-
Fiscal Code : FRRLSN81E09G224Q |
|
|
Residence: |
S.bastiano |
,
10 |
-
36100 |
Vicenza |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
07/05/2014 |
|
|
Frasson |
Massimo |
|
|
Born
in Vicenza |
(VI) |
on
28/01/1969 |
-
Fiscal Code : FRSMSM69A28L840D |
|
|
Residence: |
Fermi |
,
13 |
-
36010 |
Monticello
Conte Otto |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney
with special power |
24/02/2014 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
*checkings
have been performed on a national scale.
In
this module are listed the companies in which members hold or have holded
positions.
|
|
Ferrari |
Ferruccio |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
F.i.s.
- Fabbrica Italiana Sintetici - S.p.a. |
Vicenza
(VI) - IT - |
00167030246 |
Director |
Withdrawn |
Ceased |
|
F.i.s.
- Fabbrica Italiana Sintetici S.p.a. |
Montecchio
Maggiore (VI) - IT - |
01712670247 |
Managing
Director |
Active |
Registered |
|
F.i.s.
- Fabbrica Italiana Sintetici S.p.a. |
Montecchio
Maggiore (VI) - IT - |
01712670247 |
Director |
Active |
Registered |
|
F.i.s.
- Fabbrica Italiana Sintetici S.p.a. |
Montecchio
Maggiore (VI) - IT - |
01712670247 |
Chariman
of the Exec. Committee |
Withdrawn |
Registered |
|
F.i.s.
- Fabbrica Italiana Sintetici S.p.a. |
Montecchio
Maggiore (VI) - IT - |
01712670247 |
Memb.of
the Executive Committee |
Withdrawn |
Registered |
|
F.i.s.
- Fabbrica Italiana Sintetici S.p.a. |
Montecchio
Maggiore (VI) - IT - |
01712670247 |
Board
Chairman |
Active |
Registered |
|
S.t.s.
Societa' Termolese Sintetici - S.p.a. |
Termoli
(CB) - IT - |
00617800701 |
Managing
Director |
Withdrawn |
Ceased |
|
S.t.s.
Societa' Termolese Sintetici - S.p.a. |
Termoli
(CB) - IT - |
00617800701 |
Director |
Withdrawn |
Ceased |
|
S.t.s.
Societa' Termolese Sintetici - S.p.a. |
Termoli
(CB) - IT - |
00617800701 |
Legal
representative |
Withdrawn |
Ceased |
|
Holding
F.i.s. - S.p.a. |
Montecchio
Maggiore (VI) - IT - |
01348120930 |
Director |
Active |
Registered |
|
Holding
F.i.s. - S.p.a. |
Montecchio
Maggiore (VI) - IT - |
01348120930 |
Assistant
board Chairman |
Active |
Registered |
|
Aksi
S.r.l. |
Sovizzo
(VI) - IT - |
02644000248 |
Liquidator |
Withdrawn |
Ceased |
|
Petrarca
Iniziative Immobiliari - S.r.l. |
Montecchio
Maggiore (VI) - IT - |
01611260934 |
Director |
Active |
Registered |
|
Finanziaria
Investimenti Mobiliari Immobiliari - S.a.s. - Di Ferrari Ferruccio E |
Montecchio
Maggiore (VI) - IT - |
03174940159 |
General
Partner |
Active |
Registered |
|
Floralia
-s.a.s.- Di Ferrari Dott.sa Antonella E C. |
Milano
(MI) - IT - |
80088260155 |
Limited
Partner |
Active |
Registered |
|
Brevetti
C.e.a. S.p.a. |
Vicenza
(VI) - IT - |
00149520249 |
Chairman |
Withdrawn |
Ceased |
|
Ninetrees
Participations S.r.l. |
Pordenone
(PN) - IT - |
01682840937 |
Director |
Withdrawn |
Registered |
|
Ninetrees
Participations S.r.l. |
Pordenone
(PN) - IT - |
01682840937 |
Assistant
board Chairman |
Withdrawn |
Registered |
|
Hfga
S.r.l. |
Vicenza
(VI) - IT - |
03938270240 |
Sole
Director |
Active |
Registered |
|
|
Ferrari |
Giovanni |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Areta
International S.r.l. |
Gerenzano
(VA) - IT - |
12914940155 |
Director |
Active |
Registered |
|
Areta
International S.r.l. |
Gerenzano
(VA) - IT - |
12914940155 |
Assistant
board Chairman |
Withdrawn |
Registered |
|
R.d.p.
Pharma S.r.l. |
Montecchio
Maggiore (VI) - IT - |
01481440939 |
Sole
Director |
Active |
Registered |
|
Finanziaria
Investimenti Mobiliari Immobiliari - S.a.s. - Di Ferrari Ferruccio E |
Montecchio
Maggiore (VI) - IT - |
03174940159 |
General
Partner |
Active |
Registered |
|
Finanziaria
Investimenti Mobiliari Immobiliari - S.a.s. - Di Ferrari Ferruccio E |
Montecchio
Maggiore (VI) - IT - |
03174940159 |
Limited
Partner |
Withdrawn |
Registered |
|
Floralia
-s.a.s.- Di Ferrari Dott.sa Antonella E C. |
Milano
(MI) - IT - |
80088260155 |
Limited
Partner |
Active |
Registered |
The indication "REGISTERED" as Firm Status could refer to Firms in
Liquidation, Active, Inactive, etc.
For
more information, in this case, we advise to request further investigations.
Shareholders'
list as at date of data collection:
|
Firm's
Style / Name |
Seat
/ Residence |
Fiscal
Code |
Owned
Shares |
%
Ownership |
|
Ferrari
Francesco |
Vicenza
- IT - |
FRRFNC56H28L840B |
104.520
.Eur |
13,40 |
|
Signorelli
Alessandro |
Caldogno
- IT - |
SGNLSN51C02I628M |
78.000
.Eur |
10,00 |
|
Ferrari
Giancarlo |
FRRGCR52D27L840M |
104.520
.Eur |
13,40 |
|
|
Ferrari
Stefania |
Vicenza
- IT - |
FRRSFN60S48L840L |
129.480
.Eur |
16,60 |
|
Ferrari
Marco |
Vicenza
- IT - |
FRRMRC85L28A944N |
64.740
.Eur |
8,30 |
|
Ferrari
Alessandro |
Vicenza
- IT - |
FRRLSN81E09G224Q |
52.260
.Eur |
6,69 |
|
Ferrari
Carlotta |
FRRCLT88H60A944S |
64.740
.Eur |
8,30 |
|
|
Ferrari
Matteo |
FRRMTT95A04L840Y |
64.740
.Eur |
8,30 |
|
|
Ferrari
Emma |
FRRMME91S62A944V |
64.740
.Eur |
8,30 |
|
|
Ferrari
Giorgia |
FRRGRG90P64B563U |
52.260
.Eur |
6,69 |
The
Company under review has no participations in other Companies.
In
order to carry out its activities the firm uses the following locations:
|
- |
Legal
and operative seat |
|
Del
Commercio |
,
28 |
-
36050 |
-
Sovizzo |
(VI) |
-
IT - |
|
PHONE |
:
0444551988 |
|
FAX |
:
0444536241 |
|
Legal
mail |
:
BREVETTICEA@PEC.IT |
|
- |
Branch |
(Factory) |
since
01/12/2010 |
|
Del
Commercio |
,
37 |
-
36050 |
-
Sovizzo |
(VI) |
-
IT - |
|
Employees |
:
261 |
|
Fittings
and Equipment for a value of 820.000 |
Eur |
|
Stocks
for a value of 9.470.000 |
Eur |
|
Furniture
and fittings for a value of 98.000 |
Eur |
|
Vehicles
for a value of 83.000 |
Eur |
The
firm operates abroad as exporter..
Export
represents more than 50% of the global turnover.
Products
abroad are placed by :
|
-
its own agents |
|
-
direct orders from foreign companies |
Export
is mainly towards:
|
-
Italy |
|
-
France |
|
-
Greece |
|
-
Cyprus |
|
-
Gabon |
CHANGES
TO THE LEGAL FORM:
|
Former
legal form |
New
legal form |
Changement
Date |
|
Limited
liability company |
Joint
stock company |
27/11/1986 |
COMPANY
STYLE MODIFICATIONS:
|
Former
Style |
New
Style |
Changement
Date |
|
Nuova
Brevetti C.E.A. S.p.A. |
11/08/1987 |
Protests
checking on the subject firm has given a negative result.
Search
performed on a National Scale
|
|
Prejudicial
Events Search Result: NEGATIVE |
Search
performed on a specialized data base.
None
reported, standing to the latest received edition of the Official Publications.
Subject
is active since 1988
The eonomic-financial analysis is based on
the latest 3 b/s.
During the last years, it achieved profits
(r.o.e. 23,3% on 2014) but without a significant increase in the turnover.
The return on Investment in the last
financial year was positive (20,83%) and higler than the field average.
The amount of the operating result is equal
to Eur. 6.610.932 , on more or less the same values as in the year before.
During the latest financial year the gross
operating margin amounted to Eur. 6.850.624 with no sensible increase as
against 2013.
Excellent equity structure since liquidity is
higher than short term liabilities.
The equity capital is equal to Eur.
19.309.112 , unchanged as opposed to the preceding year.
Total debts (both short and M/L term) equals
Eur. 10.940.821, , with no sensible variation.
Moderate recourse to bank credit while the
exposure towards suppliers is rather high however still within the sector's
average.
Liquidity is good (2,6)
As to due from customers, the average terms
are 58,79 days. , shorter than the sector's average.
2014 financial year closed with a cash flow
of Eur. 4.738.430
Labour cost amounts to Eur. 8.370.437, with a
36,81% incidence on production costs. , whereas the incidence of such costs on
sales revenues is equal to 28,63%.
No incidence of financial charges as lower
than the incomes.
|
|
Complete
balance-sheet for the year |
al
31/12/2014 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
29.232.634 |
|
Profit
(Loss) for the period |
4.498.738 |
|
|
Complete
balance-sheet for the year |
al
31/12/2013 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
28.726.092 |
|
Profit
(Loss) for the period |
4.888.885 |
|
|
Complete
balance-sheet for the year |
al
31/12/2012 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
26.752.593 |
|
Profit
(Loss) for the period |
4.921.242 |
|
|
Complete
balance-sheet for the year |
al
31/12/2011 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
21.291.899 |
|
Profit
(Loss) for the period |
1.895.024 |
|
|
Complete
balance-sheet for the year |
al
31/12/2010 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
21.129.592 |
|
Profit
(Loss) for the period |
1.814.469 |
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 |
0,10 |
0,08 |
0,05 |
0,36 |
|
Elasticity
Ratio |
Units |
0,89 |
0,92 |
0,95 |
0,71 |
|
Availability
of stock |
Units |
0,30 |
0,33 |
0,31 |
0,10 |
|
Total
Liquidity Ratio |
Units |
0,60 |
0,59 |
0,65 |
0,54 |
|
Quick
Ratio |
Units |
0,41 |
0,39 |
0,39 |
0,01 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net
Short-term indebtedness |
Units |
n.c. |
n.c. |
n.c. |
1,36 |
|
Self
Financing Ratio |
Units |
0,61 |
0,61 |
0,59 |
0,30 |
|
Capital
protection Ratio |
Units |
0,73 |
0,68 |
0,60 |
0,62 |
|
Liabilities
consolidation quotient |
Units |
0,08 |
0,09 |
0,10 |
0,17 |
|
Financing |
Units |
0,57 |
0,56 |
0,61 |
1,82 |
|
Permanent
Indebtedness Ratio |
Units |
0,64 |
0,64 |
0,62 |
0,41 |
|
M/L
term Debts Ratio |
Units |
0,03 |
0,03 |
0,04 |
0,12 |
|
Net
Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,54 |
|
CORRELATION |
|||||
|
Fixed
assets ratio |
Units |
6,10 |
7,72 |
13,72 |
1,13 |
|
Current
ratio |
Units |
2,60 |
2,68 |
2,66 |
1,27 |
|
Acid
Test Ratio-Liquidity Ratio |
Units |
1,73 |
1,72 |
1,81 |
0,87 |
|
Structure's
primary quotient |
Units |
5,83 |
7,35 |
12,92 |
0,64 |
|
Treasury's
primary quotient |
Units |
1,18 |
1,13 |
1,09 |
0,05 |
|
Rate
of indebtedness ( Leverage ) |
% |
164,40 |
164,49 |
170,70 |
290,55 |
|
Current
Capital ( net ) |
Value |
17.463.152 |
16.824.483 |
14.669.135 |
2.945.207 |
|
RETURN |
|||||
|
Return
on Sales |
% |
16,21 |
17,87 |
19,35 |
7,09 |
|
Return
on Equity - Net- ( R.O.E. ) |
% |
23,30 |
27,45 |
34,12 |
3,44 |
|
Return
on Equity - Gross - ( R.O.E. ) |
% |
34,61 |
40,95 |
50,52 |
8,88 |
|
Return
on Investment ( R.O.I. ) |
% |
20,83 |
24,38 |
28,02 |
4,36 |
|
Return/
Sales |
% |
22,61 |
24,86 |
25,78 |
4,62 |
|
Extra
Management revenues/charges incid. |
% |
68,05 |
68,45 |
71,35 |
40,92 |
|
Cash
Flow |
Value |
4.738.430 |
5.132.966 |
5.175.374 |
2.671.250 |
|
Operating
Profit |
Value |
6.610.932 |
7.142.342 |
6.896.956 |
855.930 |
|
Gross
Operating Margin |
Value |
6.850.624 |
7.459.654 |
7.227.662 |
4.907.980 |
|
MANAGEMENT |
|||||
|
Credits
to clients average term |
Days |
58,79 |
60,17 |
75,59 |
94,42 |
|
Debts
to suppliers average term |
Days |
98,71 |
97,84 |
121,09 |
108,11 |
|
Average
stock waiting period |
Days |
116,60 |
120,69 |
101,62 |
57,93 |
|
Rate
of capital employed return ( Turnover ) |
Units |
0,92 |
0,98 |
1,09 |
0,88 |
|
Rate
of stock return |
Units |
3,09 |
2,98 |
3,54 |
6,30 |
|
Labour
cost incidence |
% |
28,63 |
27,50 |
26,71 |
20,88 |
|
Net
financial revenues/ charges incidence |
% |
0,15 |
0,26 |
0,35 |
-1,41 |
|
Labour
cost on purchasing expenses |
% |
36,81 |
34,72 |
37,09 |
17,99 |
|
Short-term
financing charges |
% |
0,10 |
0,32 |
0,55 |
3,65 |
|
Capital
on hand |
% |
108,59 |
101,99 |
92,02 |
90,65 |
|
Sales
pro employee |
Value |
112.002 |
116.772 |
119.966 |
182.152 |
|
Labour
cost pro employee |
Value |
32.070 |
32.112 |
32.038 |
38.993 |
1) Protests checking (relative to the last
five years) performed by crossing and matching the members names and the Firm's
Style with the reported addresses, is supplied by the Informatic Registry
managed by the Italian Chamber of Commerce. If the fiscal code is not
indicated, the eventual homonymous cases are submitted to expert staff
evaluation in order to limit wrong matching risks.
2)
The Legal Data, supplied and retrived from the Firm's Registry of the Italian
Chamber of Commerce, are in line with the last registered modifications.
3)
Risk evaluation and Credit Opinion have been performed on the base of the
actual data at the moment of their availability.
|
Population
living in the province |
: |
831.356 |
|
Population
living in the region |
: |
4.699.950 |
|
Number
of families in the region |
: |
1.813.210 |
Monthly
family expences average in the region (in Eur..) :
|
-
per food products |
: |
456 |
|
-
per non food products |
: |
2.052 |
|
-
per energy consume |
: |
127 |
The
values are calculated on a base of 788 significant companies.
The
companies cash their credits on an average of 94 dd.
The
average duration of suppliers debts is about 108 dd.
The
sector's profitability is on an average of 7,09%.
The
labour cost affects the turnover in the measure of 20,88%.
Goods
are held in stock in a range of 58 dd.
The
difference between the sales volume and the resources used to realize it is
about 0,88.
The
employees costs represent the 17,99% of the production costs.
Statistically
the trade activity shows trifling crises.
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.66.20 |
|
|
1 |
Rs.98.30 |
|
Euro |
1 |
Rs.72.41 |
|
EURO |
1 |
Rs. 72.74 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
ASH |
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.