|
Report No. : |
322440 |
|
Report Date : |
19.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
CITTERIO S.P.A. |
|
|
|
|
Registered Office : |
Via S.Vittore, 47 20123 – Milano (MI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
03.07.1989 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
Manufacture of Furniture. |
|
|
|
|
No. of Employees : |
From 71 to 90 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Italy |
A2 |
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 |
|
Citterio S.p.a. |
|
Via |
S.vittore, |
47 |
|
20123 |
- Milano |
(MI) |
-IT- |
|
Fiscal Code |
: |
09754660158 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
03/07/1989 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
10.000.000/12.750.000 |
|
Number of Employees |
: |
from 71 to 90 |
MANUFACTURE OF FURNITURE
Legal Form : Joint stock company
|
Fiscal Code : 09754660158 |
|
Foreign Trade Reg. no. : MI152062 since 09/04/1992 |
|
Foreign Trade Reg. no. : 152062 of Milano since 09/04/1992 |
|
Chamber of Commerce no. : 221815 of Lecco |
|
Chamber of Commerce no. : 1315033 of Milano since 21/08/1989 |
|
Chamber of Commerce no. : 221815 of Lecco |
|
Firms' Register : MI146-295532 of Milano since 19/02/1996 |
|
V.A.T. Code : 09754660158 |
|
Tribunal Co. Register : 295532 of |
|
Foundation date |
: 03/07/1989 |
|
|
Establishment date |
: 03/07/1989 |
|
|
Start of Activities |
: 03/07/1989 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 5.150.000 |
|
|
Subscribed Capital |
: 5.150.000 |
|
|
Paid up Capital |
: 5.150.000 |
|
Legal mail : |
CITTERIO@PEC.CITTERIOSPA.EU |
|
Molteni |
Maria Angela |
|
Born in Milano |
(MI) |
on 23/09/1957 |
- Fiscal Code : MLTMNG57P63F205K |
|
Residence: |
Lecco |
, 29 |
- 20900 |
Monza |
(MB) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
14/05/2013 |
||
|
Board Chairman |
14/05/2013 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Molteni |
Carlo |
|
Born in Giussano |
(MB) |
on 03/03/1943 |
- Fiscal Code : MLTCRL43C03E063C |
|
Residence: |
Del Ronco |
, 26 |
- 22060 |
Carimate |
(CO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
14/05/2013 |
|
Molteni |
Piero |
|
Born in Giussano |
(MB) |
on 12/05/1945 |
- Fiscal Code : MLTPRI45E12E063R |
|
Residence: |
Visconti Di Modrone Uberto |
, 38 |
- 20122 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
14/05/2013 |
|
Molteni S.p.a. |
|
: |
S.vittore |
, 47 |
- 20123 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Veggetti |
Vittorio |
|
Born in Bologna |
(BO) |
on 08/11/1962 |
- Fiscal Code : VGGVTR62S08A944J |
|
Residence: |
Foppa |
, 4 |
- 24030 |
Bergamo |
(BG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
05/11/2013 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Tentorio |
Franco |
|
Born in Lecco |
(CO) |
on 22/10/1961 |
- Fiscal Code : TNTFNC61R22E507D |
|
Residence: |
Coubertin |
, 4/17 |
- 23848 |
Oggiono |
(LC) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
19/05/2005 |
||
|
Procurator |
04/05/2009 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Citterio |
Antonio |
|
Born in Giussano |
(MB) |
on 11/09/1934 |
- Fiscal Code : CTTNTN34P11E063H |
|
Residence: |
Don Minzoni |
, 4 |
- 20034 |
Giussano |
(MB) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
14/05/2013 |
||
|
Managing Director |
14/05/2013 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Molteni |
Andrea Angelo Mario |
|
Born in Milano |
(MI) |
on 07/12/1977 |
- Fiscal Code : MLTNRN77T07F205Z |
|
Residence: |
Brera |
, 9 |
- 20121 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
14/05/2013 |
|
Citterio |
Marzio |
|
Born in Giussano |
(MB) |
on 09/06/1960 |
- Fiscal Code : CTTMRZ60H09E063Y |
|
Residence: |
Francisco Silvela |
, 6 |
Madrid |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
14/05/2013 |
*checkings have been performed on a national scale.
In this module are listed the companies in which members hold or have
holded positions.
|
Molteni |
Maria Angela |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Molteni E C.- S.p.a. |
Giussano (MB) - IT - |
00809720154 |
Director |
Active |
Registered |
|
Unifor S.p.a. |
Turate (CO) - IT - |
00387130131 |
Director |
Active |
Registered |
|
Dada S.p.a. |
Mesero (MI) - IT - |
00791170152 |
Director |
Active |
Registered |
|
Mobilrama S.p.a. |
Milano (MI) - IT - |
00492510581 |
Director |
Active |
Registered |
|
Molteni S.p.a. |
Milano (MI) - IT - |
05856280150 |
Director |
Active |
Registered |
|
Iscon S.a.s. Di Giuseppina Ballabio E C. |
Carate Brianza (MB) - IT - |
01556520151 |
Limited Partner |
Withdrawn |
Ceased |
|
Mobilrama Societa' Per Azioni |
Milano (MI) - IT - |
Director |
Active |
Registered |
|
|
I.m.a. Srl |
Milano (MI) - IT - |
01551810151 |
Sole Director |
Withdrawn |
Ceased |
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 |
|
Molteni Maria Angela |
Monza - IT - |
MLTMNG57P63F205K |
1 .Eur |
|
|
Molteni S.p.a. |
Milano - IT - |
05856280150 |
3.243.236 .Eur |
62,97 |
|
Veggetti Vittorio |
Bergamo - IT - |
VGGVTR62S08A944J |
150.000 .Eur |
2,91 |
|
Citterio Antonio |
Giussano - IT - |
CTTNTN34P11E063H |
2 .Eur |
|
|
MOLTENI CARLO |
CARIMATE - IT - |
MLTCRL43C03E063C |
1 .Eur |
|
|
Molteni Andrea Angelo Mario |
Milano - IT - |
MLTNRN77T07F205Z |
1 .Eur |
|
|
CITTERIO DAVIDE |
CTTDVD67R07F704C |
439.189 .Eur |
8,52 |
|
|
CITTERIO GIOVANNA |
CTTGNN64H60F704V |
439.189 .Eur |
8,52 |
|
|
CITTERIO MARIA RITA |
CTTMRT64E62E063E |
292.795 .Eur |
5,68 |
|
|
Citterio Marzio |
Madrid - IT - |
CTTMRZ60H09E063Y |
292.794 .Eur |
5,68 |
|
MOLTENI PIERO |
Monza - IT - |
MLTPRI45E12E063R |
1 .Eur |
|
|
Citterio Flavia |
CTTFLV57L70E063O |
292.795 .Eur |
5,68 |
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 |
since 24/09/1992 |
|
S.vittore |
, 47 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
PHONE |
: 031853545 |
|
FAX |
: 031853729 |
|
Legal mail |
: CITTERIO@PEC.CITTERIOSPA.EU |
|
- |
Branch |
(Factory) |
since 28/12/1989 |
|
Don Giuseppe Brambilla |
, 16/18 |
- 22040 |
- Sirone |
(LC) |
- IT - |
|
Employees |
: 87 |
|
Fittings and Equipment for a value of 1.660.000 |
Eur |
|
Stocks for a value of 2.900.000 |
Eur |
The firm operates abroad as exporter..
Export represents up to 20% of the global turnover.
Products abroad are placed by :
|
- its own sales net-work |
Export is mainly towards:
|
- Italy |
|
- France |
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Limited liability company |
Joint stock company |
24/02/1999 |
COMPANY STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
CITTERIO SRL |
CITTERIO SPA |
24/02/1999 |
EX-MEMBERS / EX-POSITIONS:
|
Molteni |
Maria Angela |
|
Born in Milano |
(MI) |
on 23/09/1957 |
- Fiscal Code : MLTMNG57P63F205K |
|
Residence: |
Lecco |
, 29 |
- 20900 |
Monza |
(MB) |
- IT - |
|
Ex-Postions |
|
Chairman |
|
Citterio |
Camillo |
|
Born in GIUSSANO |
(MB) |
on 13/07/1932 |
- Fiscal Code : CTTCLL32L13E063Q |
|
Residence: |
DON MINZONI |
, 6 |
- 20034 |
Giussano |
(MB) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Director |
|
Managing Director |
|
Molteni |
Carlo |
|
Born in GIUSSANO |
(MB) |
on 03/03/1943 |
- Fiscal Code : MLTCRL43C03E063C |
|
Residence: |
PRIVATA DEL RONCO |
, 26 |
- 22060 |
Carimate |
(CO) |
- IT - |
|
Ex-Postions |
|
Director |
|
Maroni |
Diego |
|
Born in Milano |
(MI) |
on 20/10/1961 |
- Fiscal Code : MRNDGI61R20F205B |
|
Residence: |
Pietro Maroncelli |
, 17 |
- 20154 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
Citterio |
Paolo |
|
Born in Giussano |
(MB) |
on 17/01/1966 |
- Fiscal Code : CTTPLA66A17E063L |
|
Residence: |
Don Minzoni |
, 6 |
- 20034 |
Giussano |
(MB) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
Veggetti |
Vittorio |
|
Born in Bologna |
(BO) |
on 08/11/1962 |
- Fiscal Code : VGGVTR62S08A944J |
|
Residence: |
Foppa |
, 4 |
- 24030 |
Bergamo |
(BG) |
- IT - |
|
Ex-Postions |
|
General Director |
|
Tremolada |
Enrico |
|
Born in Lesmo |
(MB) |
on 12/06/1946 |
- Fiscal Code : TRMNRC46H12E550D |
|
Residence: |
Roccolo |
, 43 |
- 20052 |
Arcore |
(MB) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
Citterio |
Franco |
|
Born in Giussano |
(MB) |
on 12/04/1928 |
- Fiscal Code : CTTFNC28D12E063F |
|
Residence: |
Don Minzoni |
, 8 |
- 20034 |
Giussano |
(MB) |
- IT - |
|
Ex-Postions |
|
Director |
|
CITTERIO |
VINCENZO |
|
Born in GIUSSANO |
(MB) |
on 27/03/1939 |
- Fiscal Code : CTTVCN39C27E063F |
|
Residence: |
SA. GIUSEPPE |
, 7 |
- 20050 |
Verano Brianza |
(MB) |
- IT - |
|
Ex-Postions |
|
Director |
|
MOLTENI |
CARLO |
|
Born in GIUSSANO |
(MB) |
on 03/03/1943 |
- Fiscal Code : MLTCRL43C03E063C |
|
Residence: |
DEL RONCO |
, 26 |
- 22060 |
CARIMATE |
(CO) |
- IT - |
|
Ex-Postions |
|
Director |
|
MARCORA |
GIUSEPPE |
|
Born in CANEGRATE |
(MI) |
on 18/03/1931 |
- Fiscal Code : MRCGPP31C18B593X |
|
Residence: |
MARONCELLI |
, 17 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
Tagliabue |
Maria Carla |
|
Born in Como |
(CO) |
on 19/05/1943 |
- Fiscal Code : TGLMCR43E59C933I |
|
Residence: |
San Vittore |
, 45 |
- 20123 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
Biraghi |
Maurizio |
|
Born in Giussano |
(MB) |
on 10/08/1960 |
- Fiscal Code : BRGMRZ60M10E063A |
|
Residence: |
San Filippo Neri |
, 12 |
- 20034 |
Giussano |
(MI) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
MEREGALLI |
GIANPIERO |
|
Born in CARATE BRIANZA |
(MB) |
on 14/04/1930 |
- Fiscal Code : MRGGPR30D14B729L |
|
Residence: |
VIGANO' |
, 4 |
- 20048 |
Carate Brianza |
(MB) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
Marcora |
Luisa |
|
Born in Milano |
(MI) |
on 25/04/1961 |
- Fiscal Code : MRCLSU61D65F205S |
|
Residence: |
Ressi Adeodato |
, 22 |
- 20125 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
Citterio |
Paolo |
|
Born in Giussano |
(MB) |
on 17/01/1966 |
- Fiscal Code : CTTPLA66A17E063L |
|
Residence: |
Don Minzoni |
, 3 |
- 20034 |
Giussano |
(MB) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
Branchi |
Lorena |
|
Born in Crema |
(CR) |
on 12/05/1966 |
- Fiscal Code : BRNLRN66E52D142R |
|
Residence: |
Le Murie |
, 6 |
- 26013 |
Crema |
(CR) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
Trolese |
Massimo |
|
Born in Vimercate |
(MB) |
on 06/08/1972 |
- Fiscal Code : TRLMSM72M06M052Q |
|
Residence: |
Vallicella |
, 7/A |
- 20871 |
Vimercate |
(MB) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
Molteni S.p.a. |
|
- Fiscal Code : 05856280150 |
|
Ex-Postions |
|
Partner |
CEASINGS/INCORPORATIONS/MERGES:
|
The firm absorbed by merging of |
|
Citterio S.p.a. |
|
S.vittore |
, 47 |
, 20123 |
, Milano |
(MI) |
- IT - |
|
Date |
: |
28/12/1989 |
|
The firm absorved |
|
Citterio S.p.a. |
|
S.vittore |
, 47 |
, 20123 |
, Milano |
(MI) |
- IT - |
|
Date |
: |
28/12/1989 |
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 1989
The eonomic-financial analysis is based on the latest 3 b/s.
Unstable economic results mark the company's financial state of affairs.
; in the last financial year a loss was registered (r.o.e. -8,39%)
A loss is registered as to the operating result (-6,37%).
The operating loss amounts to Eur. -1.359.975 .
At the end of the latest financial year, a negative gross operating
margin of Eur. -471.345 was registered.
From a financial aspect the company's status covers total short-term debts;
the indebtedness volume in 2013 is in fact 0,37 which is yet rising if compared
to 2012.
The equity capital is equal to Eur. 14.817.889 on the same levels as the
year before.
Total debts (both short and M/L term) equals Eur. 5.670.410, with no
important change.
The company does not exceed in bank credits; payments average period is
instead slightly high (122,68 gg.) but lined up with the field's average.
It shows a good range of liquidity.
Accounts receivable average term is high (90,69 days). within the
average values of the sector.
A negative cash flow marked the year 2013 totalling Eur. -353.927.
Labour cost amounts to Eur. 4.447.604, with a 31,97% incidence on
production costs. , whereas the incidence on sales revenues is of 36,32%.
Limited financial charges in relation to sales volume.
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
12.245.306 |
|
Profit (Loss) for the period |
-1.242.557 |
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
13.002.438 |
|
Profit (Loss) for the period |
105.214 |
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
18.929.201 |
|
Profit (Loss) for the period |
361.691 |
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
19.007.122 |
|
Profit (Loss) for the period |
76.190 |
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
20.088.462 |
|
Profit (Loss) for the period |
831.083 |
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 |
|
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RATIOS |
Value Type |
as at 31/12/2013 |
as at 31/12/2012 |
as at 31/12/2011 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|||||
|
Rigidity Ratio |
Units |
0,67 |
0,64 |
0,58 |
0,25 |
|
Elasticity Ratio |
Units |
0,33 |
0,36 |
0,42 |
0,72 |
|
Availability of stock |
Units |
0,14 |
0,11 |
0,11 |
0,20 |
|
Total Liquidity Ratio |
Units |
0,19 |
0,25 |
0,31 |
0,45 |
|
Quick Ratio |
Units |
0,01 |
0,03 |
0,01 |
0,02 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
0,37 |
0,24 |
0,33 |
2,92 |
|
Self Financing Ratio |
Units |
0,69 |
0,74 |
0,71 |
0,19 |
|
Capital protection Ratio |
Units |
0,81 |
0,75 |
0,74 |
0,71 |
|
Liabilities consolidation quotient |
Units |
0,14 |
0,18 |
0,16 |
0,22 |
|
Financing |
Units |
0,38 |
0,28 |
0,34 |
3,80 |
|
Permanent Indebtedness Ratio |
Units |
0,73 |
0,78 |
0,75 |
0,38 |
|
M/L term Debts Ratio |
Units |
0,04 |
0,04 |
0,04 |
0,12 |
|
Net Financial Indebtedness Ratio |
Units |
0,10 |
0,02 |
0,00 |
0,97 |
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CORRELATION |
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Fixed assets ratio |
Units |
1,09 |
1,23 |
1,29 |
1,26 |
|
Current ratio |
Units |
1,23 |
1,75 |
1,70 |
1,13 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,72 |
1,21 |
1,27 |
0,75 |
|
Structure's primary quotient |
Units |
1,04 |
1,17 |
1,22 |
0,76 |
|
Treasury's primary quotient |
Units |
0,04 |
0,14 |
0,05 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
144,07 |
134,64 |
140,49 |
515,14 |
|
Current Capital ( net ) |
Value |
1.314.506 |
3.583.564 |
4.163.110 |
177.926 |
|
RETURN |
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Return on Sales |
% |
-2,89 |
7,05 |
6,12 |
2,74 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-8,39 |
0,62 |
2,08 |
1,67 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-10,80 |
1,27 |
4,39 |
8,36 |
|
Return on Investment ( R.O.I. ) |
% |
-6,37 |
0,03 |
3,20 |
3,41 |
|
Return/ Sales |
% |
-11,11 |
0,06 |
4,12 |
3,12 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
1450,03 |
46,37 |
15,78 |
|
Cash Flow |
Value |
-353.927 |
916.779 |
1.157.724 |
76.501 |
|
Operating Profit |
Value |
-1.359.975 |
7.256 |
780.020 |
88.970 |
|
Gross Operating Margin |
Value |
-471.345 |
818.821 |
1.576.053 |
173.361 |
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MANAGEMENT |
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Credits to clients average term |
Days |
90,69 |
130,18 |
130,95 |
100,31 |
|
Debts to suppliers average term |
Days |
122,68 |
114,81 |
142,74 |
115,26 |
|
Average stock waiting period |
Days |
85,23 |
71,98 |
48,87 |
67,16 |
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Rate of capital employed return ( Turnover ) |
Units |
0,57 |
0,57 |
0,78 |
1,08 |
|
Rate of stock return |
Units |
4,22 |
5,00 |
7,37 |
5,32 |
|
Labour cost incidence |
% |
36,32 |
33,42 |
25,88 |
17,27 |
|
Net financial revenues/ charges incidence |
% |
-0,41 |
0,00 |
-0,10 |
-1,88 |
|
Labour cost on purchasing expenses |
% |
31,97 |
31,75 |
26,75 |
16,89 |
|
Short-term financing charges |
% |
0,89 |
0,62 |
0,44 |
3,16 |
|
Capital on hand |
% |
174,34 |
176,66 |
128,96 |
92,21 |
|
Sales pro employee |
Value |
88.734 |
147.754 |
123.720 |
183.224 |
|
Labour cost pro employee |
Value |
32.229 |
49.383 |
32.018 |
32.179 |
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 |
: |
3.839.216 |
|
Population living in the region |
: |
9.393.092 |
|
Number of families in the region |
: |
3.858.736 |
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
460 |
|
- per non food products |
: |
2.090 |
|
- per energy consume |
: |
114 |
Statistically the trade activity passes through serious crises.
The area is statistically considered lowly risky.
In the region 50.886 protested subjects are found; in the province they
count to 24.765.
The insolvency index for the region is 0,55, , while for the province it
is 0,66.
Total Bankrupt companies in the province : 22.523.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.55 |
|
|
1 |
Rs.99.86 |
|
Euro |
1 |
Rs.72.67 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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|
Report Prepared
by : |
VNT |
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 |
-- |
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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.