MIRA INFORM REPORT
|
Report No. : |
321363 |
|
Report Date : |
06.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
GNUTTI
CARLO S.P.A. |
|
|
|
|
Registered Office : |
Via Artigiani, 2 Cogozzo, 25030 – Maclodio (BS) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
30.10.1986 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
· Manufacture of tubes, pipes, hollow profiles and related fittings in steel (except those in refined steel) · Manufacture of transmission parts (except hydraulics and those for motor vehicles, aircrafts and motorcycles) |
|
|
|
|
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 : |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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
GNUTTI CARLO S.P.A.
Via Artigiani, 2 Cogozzo
25030 - Maclodio (BS) -IT-
Summary
|
Fiscal
Code |
: |
01272680172 |
|
Legal
Form |
: |
Joint
stock company |
|
start
of Activities |
: |
30/10/1986 |
|
Equity |
: |
Over
2.582.254 |
|
Turnover
Range |
: |
50.000.000/75.000.000
|
|
Number
of Employees |
: |
from
251 to 500 |
|
Group |
: |
GNUTTI |
Activity
Manufacture
of tubes, pipes, hollow profiles and related fittings in steel (except those in
refined steel)
Manufacture
of transmission parts (except hydraulics and those for motor vehicles,
aircrafts and motorcycles)
Legal
Data
Legal
Form : Joint stock company
|
Fiscal
Code : 01272680172 |
|
Foreign
Trade Reg. no. : BS000924 since 04/12/1991 |
|
Chamber
of Commerce no. : 254912 of Brescia since 21/07/1981 |
|
Firms'
Register : BS029-20726 of Brescia |
|
V.A.T.
Code : 03402160174 |
|
Foundation
date |
:
17/06/1981 |
|
Establishment
date |
:
17/06/1981 |
|
Start
of Activities |
:
30/10/1986 |
|
Legal
duration |
:
31/12/2030 |
|
Nominal
Capital |
:
7.280.000 |
|
Subscribed
Capital |
:
7.280.000 |
|
Paid
up Capital |
:
7.280.000 |
|
Legal
mail : |
GNUTTICARLOAMMINISTRAZIONE@LEGALMAIL.IT |
Members
|
|
Gnutti |
Piercarlo |
|
|
Born
in Lumezzane |
(BS) |
on
13/04/1944 |
-
Fiscal Code : GNTPCR44D13E738U |
|
|
Residence: |
Oriani |
,
22 |
-
25123 |
Brescia |
(BS) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Board
Chairman |
14/06/2012 |
||
|
Managing
Director |
14/06/2012 |
||
|
Director |
14/06/2012 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Gnutti |
Ester |
|
|
Born
in Lumezzane |
(BS) |
on
24/11/1941 |
-
Fiscal Code : GNTSTR41S64E738P |
|
|
Residence: |
Boulevard
Albert Ier |
,
11 |
-
00377 |
Principato
Di Monaco |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
14/06/2012 |
|
|
Gnutti |
Mario |
|
|
Born
in Gardone Val Trompia |
(BS) |
on
20/05/1975 |
-
Fiscal Code : GNTMRA75E20D918K |
|
|
Residence: |
20
Settembre |
,
2/E |
-
25121 |
Brescia |
(BS) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
14/06/2012 |
||
|
Assistant
board Chairman |
14/06/2012 |
||
|
Managing
Director |
14/06/2012 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Colombini
Gnutti |
Matteo |
|
|
Born
in Brescia |
(BS) |
on
21/08/1974 |
-
Fiscal Code : CLMMTT74M21B157N |
|
|
Residence: |
Artigiani |
,
2 |
-
25030 |
Maclodio |
(BS) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
21/10/2014 |
|
|
Groff |
Paolo |
|
|
Born
in Cavalese |
(TN) |
on
30/09/1966 |
-
Fiscal Code : GRFPLA66P30C372J |
|
|
Residence: |
Piave |
,
22 |
-
38122 |
Trento |
(TN) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
14/06/2012 |
||
|
Managing
Director |
14/06/2012 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Bonsi |
Mauro |
|
|
Born
in Brescia |
(BS) |
on
28/06/1965 |
-
Fiscal Code : BNSMRA65H28B157W |
|
|
Residence: |
Del
Risorgimento |
,
2 |
-
25080 |
Manerba
del Garda |
(BS) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
28/07/2014 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Gnutti |
Maria |
|
|
Born
in Lumezzane |
(BS) |
on
16/05/1938 |
-
Fiscal Code : GNTMRA38E56E738T |
|
|
Residence: |
S.
Antonio |
,
68/C |
-
25100 |
Brescia |
(BS) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
14/06/2012 |
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.
|
|
Gnutti |
Piercarlo |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Trafilerie
Carlo Gnutti - S.p.a. |
Chiari
(BS) - IT - |
00276360179 |
Director |
Withdrawn |
Registered |
|
Trafilerie
Carlo Gnutti - S.p.a. |
Chiari
(BS) - IT - |
00276360179 |
Assistant
board Chairman |
Withdrawn |
Registered |
|
Intra
S.r.l. |
Castegnato
(BS) - IT - |
01568290173 |
Director |
Withdrawn |
Registered |
|
Gemini
S.p.a. |
Brescia
(BS) - IT - |
00585980170 |
Managing
Director |
Active |
Registered |
|
Gemini
S.p.a. |
Brescia
(BS) - IT - |
00585980170 |
Director |
Active |
Registered |
|
Gemini
S.p.a. |
Brescia
(BS) - IT - |
00585980170 |
Managing
Director |
Withdrawn |
Registered |
|
Gemini
S.p.a. |
Brescia
(BS) - IT - |
00585980170 |
Board
Chairman |
Active |
Registered |
|
Gimm
S.r.l. |
Brescia
(BS) - IT - |
03177270174 |
Director |
Active |
Registered |
|
|
Gnutti |
Mario |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Brawo
(brass Working) S.p.a. In Modo Abbreviato Anche Solo Brawo S.p.a. |
Pian
Camuno (BS) - IT - |
00483130175 |
Director |
Active |
Registered |
|
Gnutti
System S.r.l. |
Corzano
(BS) - IT - |
03216150171 |
Director |
Active |
Registered |
|
Gnutti
System S.r.l. |
Corzano
(BS) - IT - |
03216150171 |
Managing
Director |
Active |
Registered |
|
Gnutti
System S.r.l. |
Corzano
(BS) - IT - |
03216150171 |
Board
Chairman |
Active |
Registered |
|
I.m.t.
Srl - Indian Machinery Tools |
Castegnato
(BS) - IT - |
03030650984 |
Director |
Withdrawn |
Registered |
|
Pressing
S.r.l. |
Brescia
(BS) - IT - |
03548520984 |
Director |
Active |
Registered |
|
|
Groff |
Paolo |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Societa'
Italiana Tecnomeccanica La PrecIsa - Societa' Per Azioni (in Sigla Sit |
Padova
(PD) - IT - |
02072110287 |
Attorney
with special power |
Withdrawn |
Merged |
|
Societa'
Italiana Tecnomeccanica La PrecIsa - Societa' Per Azioni (in Sigla Sit |
Padova
(PD) - IT - |
02072110287 |
Sales
director |
Withdrawn |
Merged |
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 |
|
Gnutti
Piercarlo |
Brescia
- IT - |
GNTPCR44D13E738U |
1.420.320
.Eur |
19,50 |
|
Gnutti
Ester |
Principato
Di Monaco - IT - |
GNTSTR41S64E738P |
1.177.183
.Eur |
16,17 |
|
Gnutti
Laura |
Brescia
- IT - |
GNTLRA48C66E738R |
931.861
.Eur |
12,80 |
|
GNUTTI
MARCO EVANGELISTA |
Brescia
- IT - |
GNTMCV54D17B157P |
474.656
.Eur |
6,52 |
|
GNUTTI
FLAVIA |
Brescia
- IT - |
GNTFLV77R48B157U |
237.324
.Eur |
3,25 |
|
Gnutti
Mario |
Brescia
- IT - |
GNTMRA75E20D918K |
1.310.400
.Eur |
18,00 |
|
GNUTTI
CHIARA |
Brescia
- IT - |
GNTCHR76T71B157P |
237.324
.Eur |
3,25 |
|
GNUTTI
ERMANNO |
Brescia
- IT - |
GNTRNN82B03Z133Z |
237.324
.Eur |
3,25 |
|
Rossetti
Alessandra |
RSSLSN74P66B157M |
254.068
.Eur |
3,48 |
|
|
Gnutti
Carla |
GNTCRL86L71D284U |
237.324
.Eur |
3,25 |
|
|
Cei
Luisa |
CEILSU71H42F205I |
508.144
.Eur |
6,98 |
|
|
Rossetti
Marina |
RSSMRN74R66B157O |
254.068
.Eur |
3,48 |
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 |
|
Gnutti
System S.r.l. |
Corzano
- IT - |
03216150171 |
70.000
.Eur |
70,00 |
Active |
||
|
Csmt
Gestione S.c.a.r.l. |
Brescia
- IT - |
02835410982 |
20.774
.Eur |
0,62 |
Active |
Firm's
location and structure
In
order to carry out its activities the firm uses the following locations:
|
- |
Legal
and operative seat |
since
28/01/1991 |
|
Artigiani |
,
2 |
-
25030 |
-
Maclodio |
(BS) |
-
IT - |
|
TELEX |
:
300092 |
|
PHONE |
:
03089321 |
|
PHONE |
:
0309789200 |
|
FAX |
:
0309780008 |
|
Legal
mail |
:
GNUTTICARLOAMMINISTRAZIONE@LEGALMAIL.IT |
|
Employees |
:
264 |
|
Fittings
and Equipment for a value of 11.480.000 |
Eur |
|
Stocks
for a value of 16.030.000 |
Eur |
The
firm has a direct commercial organization
The
company sells in Italy and abroad.
The
company has customers among public and private bodies
The
firm operates abroad as importer / exporter..
To
purchase foreign products the firm uses the following channels :
|
-
national or foreign important buyers |
|
-
direct orders to foreign companies |
Export
represents from 20% to 50% of the global turnover.
Products
abroad are placed by :
|
-
national or foreign important buyers |
|
-
direct orders from foreign companies |
Financial
means used for sale: bank transfers and bank orders.
Mainly
quoted purcahse terms: 30/60 days.
Main
used payment modalities are by cash orders and bank transfers.
Import
comes generally from the following nations:
|
-
Italy |
|
-
Great Britain |
Export
is mainly towards:
|
-
Italy |
|
-
Austria |
|
-
France |
The
subject firm uses the following own selling brands:
|
-
GNUTTI |
Traded
Brands / Suppliers
|
-
OFFICINE DANTE VILLA SPA |
|
-
MICROCAST SRL |
Historical Information and/or Firm's Status
CHANGES TO THE LEGAL
FORM:
|
Former
legal form |
New
legal form |
Changement
Date |
|
Limited
liability company |
Joint
stock company |
28/01/1991 |
COMPANY STYLE
MODIFICATIONS:
|
Former
Style |
New
Style |
Changement
Date |
|
Gnutti
Trade S.r.l. |
24/12/1985 |
EX-MEMBERS
/ EX-POSITIONS:
|
|
Turelli |
Francesco |
|
|
Born
in Villa Carcina |
(BS) |
on
09/05/1938 |
-
Fiscal Code : TRLFNC38E09L919F |
|
|
Residence: |
Bologna |
,
26 |
-
25064 |
Gussago |
(BS) |
-
IT - |
|
Ex-Postions |
|
Director |
|
Procurator |
|
Managing
Director |
|
|
Ciech |
Roberto |
|
|
Born
in Genova |
(GE) |
on
31/01/1956 |
-
Fiscal Code : CCHRRT56A31D969M |
|
|
Residence: |
Angelo
Orsini |
,
8/2 |
-
16100 |
Genova |
(GE) |
-
IT - |
|
Ex-Postions |
|
Procurator |
|
|
Turelli |
Fabrizio |
|
|
Born
in Palazzolo sull'Oglio |
(BS) |
on
10/08/1965 |
-
Fiscal Code : TRLFRZ65M10G264J |
|
|
Residence: |
S.
Maria Crocefissa Di Ros |
,
74 |
-
25020 |
Capriano
del Colle |
(BS) |
-
IT - |
|
Ex-Postions |
|
Institor |
|
Procurator |
|
|
Maffinelli |
Nicola |
|
|
Born
in Brescia |
(BS) |
on
22/07/1964 |
-
Fiscal Code : MFFNCL64L22B157O |
|
|
Residence: |
Iv
Novembre |
,
2 |
-
25073 |
Bovezzo |
(BS) |
-
IT - |
|
Ex-Postions |
|
Institor |
|
Procurator |
|
|
Gnutti |
Giuliano |
|
|
Born
in Lumezzane |
(BS) |
on
21/03/1937 |
-
Fiscal Code : GNTGLN37C21E738Z |
|
|
Residence: |
Cipani |
,
2 |
-
25128 |
Brescia |
(BS) |
-
IT - |
|
Ex-Postions |
|
Director |
|
|
Gnutti |
Gianfranco |
|
|
Born
in Lumezzane |
(BS) |
on
06/05/1947 |
-
Fiscal Code : GNTGFR47E06E738F |
|
|
Residence: |
Ragazzoni |
,
21 |
-
25123 |
Brescia |
(BS) |
-
IT - |
|
Ex-Postions |
|
Director |
|
Managing
Director |
|
Assistant
board Chairman |
CEASINGS/INCORPORATIONS/MERGES:
|
|
The
firm absorved |
|
|
|
|
Fiume
Mella |
,
13/15 |
,
25069 |
,
Villa Carcina |
(BS) |
-
IT - |
|
|
Fiscal
Code: 00285300174 |
|
|
Date
|
:
|
23/11/1990 |
|
|
The
firm absorved |
|
|
|
|
Date
|
:
|
12/07/1991 |
|
|
Project
of merging by taking over of |
|
|
|
|
,
25030 |
,
Maclodio |
(BS) |
-
IT - |
|
|
Fiscal
Code: 02129870172 |
|
|
Date
|
Merging/splitting-up
project: |
30/09/1998 |
|
|
The
firm absorbed by merging of |
|
|
|
|
,
25030 |
,
Maclodio |
(BS) |
-
IT - |
|
|
Fiscal
Code: 02129870172 |
|
|
Date
|
:
|
30/06/1999 |
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 |
|
B.CA
NAZIONALE DEL LAVORO SPA |
ROVATO |
VIA
XXV APRILE, 86 |
25038 |
Rovato |
1005 |
55140 |
Financial
and Economical Analysis
The
company is active since 1986
The
analysis is based on the latest 3 balance sheets.
During
the last years, it recorded positive net results (r.o.e. 15,14% in 2013)
The
operating result was positive in the last financial year (6,35%) falling within
the field's average.
An
operating result of Eur. 11.711.000 has been registered. ,showing stability in
respect to the value of 2012.
A
gross operating margine for a value of Eur. 15.251.000 was reached. with no
sensible increase as against 2012.
The
company has an excellent net worth if compared to its debts, with a low
indebtedness (0,05) lower than in 2012.
Subject
can manage an equity capital funds for an amount of Eur. 100.827.000 on the
same levels as the year before.
Total
debts recorded amounted to Eur. 82.006.000 (Eur. 53.276.000 of which were m/l
term debts) , a more or less stable value.
Moderate
recourse to bank credit while the exposure towards suppliers is rather high
even if it still falls within the sector's average.
It
shows a good range of liquidity.
Trade
credits average terms are 63,33 days. , a better value than the sector's
average.
During
financial year 2013 the cash flow amounted to Eur. 18.804.000
During
2013 financial year labour costs amounted to Eur. 15.443.000, with a 23,09%
incidence on production costs. , with a 21,12% incidence on turnover.
The
financial charges do not negatively affect the management, as they are covered
by the incomes.
Financial
Data
|
|
Complete
balance-sheet for the year |
al
31/12/2013 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
73.105.000 |
|
Profit
(Loss) for the period |
15.264.000 |
|
|
Complete
balance-sheet for the year |
al
31/12/2012 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
83.890.000 |
|
Profit
(Loss) for the period |
14.807.000 |
|
|
Complete
balance-sheet for the year |
al
31/12/2011 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
93.213.000 |
|
Profit
(Loss) for the period |
5.931.000 |
|
|
Complete
balance-sheet for the year |
al
31/12/2010 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
71.650.035 |
|
Profit
(Loss) for the period |
1.105.467 |
|
|
Complete
balance-sheet for the year |
al
31/12/2009 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
44.038.627 |
|
Profit
(Loss) for the period |
-586.612 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
0,66 |
0,69 |
0,58 |
0,26 |
|
Elasticity
Ratio |
Units |
0,34 |
0,31 |
0,42 |
0,73 |
|
Availability
of stock |
Units |
0,09 |
0,08 |
0,13 |
0,23 |
|
Total
Liquidity Ratio |
Units |
0,26 |
0,23 |
0,29 |
0,44 |
|
Quick
Ratio |
Units |
0,13 |
0,11 |
0,13 |
0,02 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net
Short-term indebtedness |
Units |
0,05 |
0,12 |
0,18 |
1,74 |
|
Self
Financing Ratio |
Units |
0,55 |
0,55 |
0,52 |
0,29 |
|
Capital
protection Ratio |
Units |
0,78 |
0,75 |
0,82 |
0,64 |
|
Liabilities
consolidation quotient |
Units |
1,90 |
1,57 |
1,32 |
0,22 |
|
Financing |
Units |
0,81 |
0,81 |
0,92 |
2,30 |
|
Permanent
Indebtedness Ratio |
Units |
0,84 |
0,82 |
0,79 |
0,46 |
|
M/L
term Debts Ratio |
Units |
0,30 |
0,28 |
0,27 |
0,11 |
|
Net
Financial Indebtedness Ratio |
Units |
0,37 |
0,44 |
0,37 |
0,49 |
|
CORRELATION |
|||||
|
Fixed
assets ratio |
Units |
1,28 |
1,18 |
1,36 |
1,63 |
|
Current
ratio |
Units |
2,21 |
1,74 |
2,02 |
1,32 |
|
Acid
Test Ratio-Liquidity Ratio |
Units |
1,65 |
1,31 |
1,39 |
0,86 |
|
Structure's
primary quotient |
Units |
0,83 |
0,79 |
0,89 |
1,05 |
|
Treasury's
primary quotient |
Units |
0,84 |
0,64 |
0,62 |
0,04 |
|
Rate
of indebtedness ( Leverage ) |
% |
183,00 |
182,97 |
193,99 |
349,01 |
|
Current
Capital ( net ) |
Value |
34.658.000 |
20.873.000 |
30.720.000 |
753.266 |
|
RETURN |
|||||
|
Return
on Sales |
% |
25,72 |
21,47 |
9,69 |
5,13 |
|
Return
on Equity - Net- ( R.O.E. ) |
% |
15,14 |
16,94 |
7,96 |
7,27 |
|
Return
on Equity - Gross - ( R.O.E. ) |
% |
18,96 |
20,33 |
12,53 |
15,95 |
|
Return
on Investment ( R.O.I. ) |
% |
6,35 |
6,49 |
8,02 |
5,36 |
|
Return/
Sales |
% |
16,02 |
12,38 |
12,44 |
5,57 |
|
Extra
Management revenues/charges incid. |
% |
130,34 |
142,62 |
51,16 |
42,11 |
|
Cash
Flow |
Value |
18.804.000 |
18.011.000 |
9.029.000 |
344.143 |
|
Operating
Profit |
Value |
11.711.000 |
10.382.000 |
11.593.000 |
359.008 |
|
Gross
Operating Margin |
Value |
15.251.000 |
13.586.000 |
14.691.000 |
705.726 |
|
MANAGEMENT |
|||||
|
Credits
to clients average term |
Days |
63,33 |
57,13 |
77,41 |
101,37 |
|
Debts
to suppliers average term |
Days |
128,97 |
83,29 |
102,75 |
115,52 |
|
Average
stock waiting period |
Days |
78,92 |
51,88 |
73,40 |
80,62 |
|
Rate
of capital employed return ( Turnover ) |
Units |
0,40 |
0,52 |
0,64 |
1,07 |
|
Rate
of stock return |
Units |
4,56 |
6,94 |
4,90 |
4,40 |
|
Labour
cost incidence |
% |
21,12 |
14,18 |
12,67 |
16,91 |
|
Net
financial revenues/ charges incidence |
% |
9,96 |
8,74 |
-2,46 |
-1,19 |
|
Labour
cost on purchasing expenses |
% |
23,09 |
16,11 |
14,46 |
17,25 |
|
Short-term
financing charges |
% |
1,64 |
2,01 |
4,05 |
2,71 |
|
Capital
on hand |
% |
252,39 |
190,66 |
155,17 |
93,00 |
|
Sales
pro employee |
Value |
151.670 |
226.118 |
252.609 |
223.920 |
|
Labour
cost pro employee |
Value |
32.039 |
32.056 |
32.002 |
35.625 |
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 918 significant companies.
The
companies cash their credits on an average of 101 dd.
The
average duration of suppliers debts is about 116 dd.
The
sector's profitability is on an average of 5,13%.
The
labour cost affects the turnover in the measure of 16,91%.
Goods
are held in stock in a range of 81 dd.
The
difference between the sales volume and the resources used to realize it is
about 1,07.
The
employees costs represent the 17,25% of the production costs.
Statistical
Detrimental Data
Statistcally
the trade activity shows periods of crisis.
The
area is statistically considered moderately risky.
In
the region 50.886 protested subjects are found; in the province they count to
5.551.
The
insolvency index for the region is 0,55, , while for the province it is 0,48.
Total
Bankrupt companies in the province : 3.452.
Total
Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.52 |
|
|
1 |
Rs.95.96 |
|
Euro |
1 |
Rs.70.54 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.