MIRA INFORM REPORT

 

 

Report No. :

349673

Report Date :

19.11.2015

 

IDENTIFICATION DETAILS

 

Name :

GRANITI S. ROCCO S.R.L.

 

 

Registered Office :

Piazza Aldo Moro, 2, 28865 – Crevoladossola (VB) -IT-

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

15.03.2000

 

 

Legal Form :

Sole-Member Limited Liability Company

 

 

Line of Business :

Wholesale of Other Building Materials.

 

 

No. of Employees :

From 16 to 25

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Slow but correct

Litigation :

Clear

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Italy

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

ITALY - ECONOMIC OVERVIEW

 

Italy has a diversified economy, which is divided into a developed industrial north, dominated by private companies, and a less-developed, highly subsidized, agricultural south, where unemployment is higher. The Italian economy is driven in large part by the manufacture of high-quality consumer goods produced by small and medium-sized enterprises, many of them family-owned. Italy also has a sizable underground economy, which by some estimates accounts for as much as 17% of GDP. These activities are most common within the agriculture, construction, and service sectors. Italy is the third-largest economy in the euro-zone, but its exceptionally high public debt and structural impediments to growth have rendered it vulnerable to scrutiny by financial markets. Public debt has increased steadily since 2007, topping 132% of GDP in 2014, but investor concerns about Italy and the broader euro-zone crisis eased in 2013, bringing down Italy's borrowing costs on sovereign government debt from euro-era. The government still faces pressure from investors and European partners to sustain its efforts to address Italy's long-standing structural impediments to growth, such as labor market inefficiencies and tax evasion. In 2014 economic growth and labor market conditions continued to deteriorate, with overall unemployment rising to 12.2% and youth unemployment around 40%. Italy's GDP is now nearly 10% below its 2007 pre-crisis level.

 

Source : CIA

 


Company name & address

 

GRANITI S. ROCCO S.R.L.

Piazza Aldo Moro, 2

28865 - Crevoladossola (VB) -IT-

 

 

Summary

 

Fiscal Code

:

01297270033

Legal Form

:

Sole-Member Limited Liability Company

start of Activities

:

15/03/2000

Equity

:

750.000

Turnover Range

:

3.750.000/5.000.000

Number of Employees

:

from 16 to 25

 

 

Activity

 

Wholesale of other building materials

 

Legal Data

 

Legal Form : Sole-Member Limited Liability Company

Fiscal Code : 01297270033

 

Chamber of Commerce no. : 154448 of Livorno

 

Chamber of Commerce no. : 162809 of Verbania since 29/06/1989

 

Firms' Register : 7237 of Verbania

 

Firms' Register : VB072-7237 of Verbania since 19/02/1996

 

V.A.T. Code : 01297270033

 

Establishment date

: 05/05/1989

Start of Activities

: 15/03/2000

Legal duration

: 31/12/2020

Nominal Capital

: 115.000

Subscribed Capital

: 115.000

Paid up Capital

: 115.000

 

Legal mail :

PEC.GRANITISANROCCO@CERT.TELECOMPEC.IT

 

 

Members



D'aloisio

Lorenzo

 

Born in Gibellina

(TP)

on 12/02/1941

- Fiscal Code : DLSLNZ41B12E023M

 

Residence:

Ungheria

, 34

- 53036

Poggibonsi

(SI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Sole Director

02/03/2006

 

No Prejudicial events are reported

 

No Protests registered

 

Palissandro Marmi S.r.l

 

 

:

Pisana

, 47

- 50021

Barberino Val d'Elsa

(FI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Sole partner

 

No Prejudicial events are reported

 

No Protests registered

 

 

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.

 

D'aloisio

Lorenzo

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Pollo Chianti S.p.A.

Monteriggioni (SI) - IT -

00109560524

Sole Director

Active

Registered

Tosco Marmi S.p.a.

Barberino Val d'Elsa (FI) - IT -

00129370524

Chairman

Withdrawn

Registered

M. Settantadue S.r.l.

Imola (BO) - IT -

00125310037

Sole Director

Withdrawn

Registered

Iniziative Ossolane S.p.a.

Domodossola (VB) - IT -

00903840031

Chairman

Withdrawn

Registered

Iniziative Ossolane S.p.a.

Domodossola (VB) - IT -

00903840031

Director

Active

Registered

Iniziative Ossolane S.p.a.

Domodossola (VB) - IT -

00903840031

Board Chairman

Active

Registered

Idroelettrica Sempione S.r.l.

Crevoladossola (VB) - IT -

01257230035

Managing Director

Withdrawn

Ceased

Idroelettrica Sempione S.r.l.

Crevoladossola (VB) - IT -

01257230035

Managing Director

Withdrawn

Ceased

General Line S.R.L.

Crevoladossola (VB) - IT -

01349440030

Sole Director

Withdrawn

Registered

V.a.v. - Vetreria Artistica Valdelsana S.r.l.

Barberino Val d'Elsa (FI) - IT -

00051330520

Chairman

Withdrawn

Registered

V.a.v. - Vetreria Artistica Valdelsana S.r.l.

Barberino Val d'Elsa (FI) - IT -

00051330520

Board Chairman

Active

Registered

E.L.M.A. S.R.L. ESCAVAZIONE E LAVORAZIONE MARMI E AFFINI

Poggibonsi (SI) - IT -

00050240522

Sole Director

Withdrawn

Registered

Suvereto Marmi S.r.l

Barberino Val d'Elsa (FI) - IT -

00651640526

Sole Director

Active

Registered

MARMI ITALIA - S.R.L.

FIRENZE (FI) - IT -

00666830484

Sole Director

Withdrawn

Registered

Alari International S.R.L.

Barberino Val d'Elsa (FI) - IT -

00113340525

Chairman

Withdrawn

Registered

Depositi Generali Ossolani S.r.l.

Beura-Cardezza (VB) - IT -

01456570033

Director

Active

Registered

Oria-ossola Recuperi Immobiliari Ed Ambientali S.r.l.

Barberino Val d'Elsa (FI) - IT -

00936740521

Sole Director

Active

Registered

Azienda Agraria I Pini Srl

Poggibonsi (SI) - IT -

00726650526

Sole Director

Active

Registered

Marmifera Di D'aloisio E C.

Poggibonsi (SI) - IT -

00047180526

Partner

Withdrawn

Registered

Marmifera Di D'aloisio E C.

Poggibonsi (SI) - IT -

00047180526

Partner

Active

Registered

Marmifera Di D'aloisio E C.

Poggibonsi (SI) - IT -

00047180526

Silent Partner

Active

Registered

S.v.m. S.r.l.

Poggibonsi (SI) - IT -

00685540528

Sole Director

Withdrawn

Registered

AZIENDA SERVICE S.R.L.

Domodossola (VB) - IT -

01445710039

Sole Director

Withdrawn

Registered

Castellina Futura S.r.l.

Castellina in Chianti (SI) - IT -

01035660529

Director

Active

Registered

Castellina Futura S.r.l.

Castellina in Chianti (SI) - IT -

01035660529

Memb.of the Executive Committee

Active

Registered

O.m.g. - Ossola Marmi E Graniti S.r.l.

Domodossola (VB) - IT -

02068960034

Director

Active

Registered

O.m.g. - Ossola Marmi E Graniti S.r.l.

Domodossola (VB) - IT -

02068960034

Board Chairman

Active

Registered

Palissandro Marmi S.r.l

Barberino Val d'Elsa (FI) - IT -

05847680484

Sole Director

Active

Registered

Tosco Costruzioni S.r.l

Barberino Val d'Elsa (FI) - IT -

05872530489

Sole Director

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

Palissandro Marmi S.r.l

Barberino Val d'Elsa - IT -

05847680484

100,00



Direct Participations

 

The Company under review has participations in the following Companies:

 

Firm's Style

Seat

Fiscal Code

Owned Shares Amount

% Ownership

since

until

Share Status

Depositi Generali Ossolani S.r.l.

Beura-Cardezza - IT -

01456570033

3.333 .Eur

33,33

Active

Centro Servizi Lapideo Del Verbano Cusio Ossola Societa' Consorti Le Per Azioni

Crevoladossola - IT -

92014000035

1.280 .Eur

0,87

Active


Firm's location and structure

 

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

 

-

Legal and operative seat

 

Aldo Moro

, 2

- 28035

- Crevoladossola

(VB)

- IT -

 

Legal mail

: PEC.GRANITISANROCCO@CERT.TELECOMPEC.IT

 

-

Branch

(Quarry)

since 15/03/2000

 

San Rocco

- 28030

- Premia

(VB)

- IT -

 

PHONE

: 032433478

 

-

Branch

since 05/05/2008

 

Enso

- 28035

- Crevoladossola

(VB)

- IT -

 

-

Branch

(Quarry)

since 08/01/2013

 

Montepeloso

, .

- 57028

- Suvereto

(LI)

- IT -

 

Employees

: 17

 

Assistants

: 3

 

Fittings and Equipment for a value of 3.000

Eur

 

Stocks for a value of 320.000

Eur

 

Trade organization: direct or by agents.

Sales area on a regional scale.

Transports are mainly done using own vehicles and third parties ones

The company sells mainly to converting industries.

Company generally accepts payments with terms of 60/90 days.

Financial means used for sale: bank transfers and bank orders.

Purchase terms: 60-90-120 days.

Subject mostly settles its engagements by cash order.

 

 

Historical Information and/or Firm's Status

 

CEASINGS/INCORPORATIONS/MERGES:

 

Project of merging by taking over of

 

General Line S.R.L.

 

Aldo Moro

, 2

, 28865

, Crevoladossola

(VB)

- IT -

 

Fiscal Code: 01349440030

 

Date

Merging/splitting-up project:

08/06/2006

 

The firm absorbed by merging of

 

General Line S.R.L.

 

Aldo Moro

, 2

, 28865

, Crevoladossola

(VB)

- IT -

 

Fiscal Code: 01349440030

 

Date

:

25/09/2006

 

Project of merging into

 

Palissandro Marmi S.r.l

 

Pisana

, 47

, 50021

, Barberino Val d'Elsa

(FI)

- IT -

 

Fiscal Code: 05847680484

 

Date

Merging/splitting-up project:

09/10/2015

 

 

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.

 

 

Financial and Economical Analysis

 

Subject is active since 2000

Balance sheets for the years 2012, 2013 and 2014 were analyzed.

Unstable economic results mark the company's financial state of affairs. with a loss in the last financial year. The turnover is growing in the last financial year (+13,82%).

The return on Investment in the last financial year was positive (5,17%) and reflects the field's average.

The amount of the operating result for the year 2014 is of Eur. 374.755 with an increase of 20,51% if the compared to the previous financial year.

The G.O.M. amounted to Eur. 659.416 stable if compared to the financial year 2013.

The ratio between debts and total assets is fairly high, as it comes out from the indebtedness (6,79) but on the decrease if compared to the year before.

The management generated equity capital for an amount of Eur. 722.285 on stable levels.

During the last financial year debts totalled Eur. 6.213.746 (Eur. 1.310.629 of which were m/l term debts) , a more or less stable value.

Liquid assets are not proportional to subject's needs.

During financial year 2014 the cash flow amounted to Eur. 216.026

Labour cost amounts to Eur. 848.683, with a 18,96% incidence on production costs. , whereas 19,73% is the incidence on sales revenues.

Finacial chareges are high: the incidence on sales volume amounts to -7,74%

 

 

Financial Data

 

Complete balance-sheet for the year

al 31/12/2014

(in Eur

x 1)

 

Item Type

Value

Sales

4.302.206

Profit (Loss) for the period

-68.635

 

Complete balance-sheet for the year

al 31/12/2013

(in Eur

x 1)

 

Item Type

Value

Sales

3.779.549

Profit (Loss) for the period

-76.416

 

Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

 

Item Type

Value

Sales

3.458.143

Profit (Loss) for the period

45.142

 

Complete balance-sheet for the year

al 31/12/2011

(in Eur

x 1)

 

Item Type

Value

Sales

3.785.754

Profit (Loss) for the period

142.460

 

Complete balance-sheet for the year

al 31/12/2010

(in Eur

x 1)

 

Item Type

Value

Sales

4.551.748

Profit (Loss) for the period

-13.171

 

 

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

 

Years

2014

2013

2012

BALANCE SHEET ACCOUNTS

 

ASSETS

CREDITS VS PARTNERS

. Deposits not yet withdrawn

. Deposits already withdrawn

Total credits vs partners

FIXED ASSETS

. INTANGIBLE FIXED ASSETS

. . Start-up and expansion expenses

. . Research,develop. and advert.expens.

. . Industrial patent rights

. . Concessions,licenses,trademarks,etc.

. . Goodwill

. . Assets in formation and advance paymen.

. . Other intangible fixed assets

. Total Intangible Fixed Assets

2.183.876

2.244.813

2.267.937

. TANGIBLE FIXED ASSETS

. . Real estate

. . Plant and machinery

. . Industrial and commercial equipment

. . Other assets

. . Assets under construction and advances

. Total Tangible fixed assets

1.632.839

1.486.175

1.219.729

. FINANCIAL FIXED ASSETS

. . Equity investments

. . . Equity invest. in subsidiary companies

. . . Equity invest. in associated companies

. . . Equity invest. in holding companies

. . . Equity invest. in other companies

. . Financial receivables

19.347

. . . . Within 12 months

. . . . Beyond 12 months

. . . Receivab due from subsidiaries

. . . . Within 12 months

. . . . Beyond 12 months

. . . Receivables due from assoc.comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . . Receivables due from holding comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . . Receivables due from third parties

. . . . Within 12 months

. . . . Beyond 12 months

. . Other securities

154.017

495.150

629.564

. . Own shares

. . . Total nominal value

. Total financial fixed assets

173.364

495.150

629.564

Total fixed assets

3.990.079

4.226.138

4.117.230

CURRENT ASSETS

. INVENTORIES

. . Raw materials and other consumables

. . Work in progress and semimanufactured

. . Work in progress on order

. . Finished goods

. . Advance payments

. Total Inventories

317.425

340.816

356.314

. CREDITS NOT HELD AS FIXED ASSETS

. . Within 12 months

2.924.376

3.826.230

3.205.376

. . Beyond 12 months

52

170

327

. . Trade receivables

. . . . Within 12 months

. . . . Beyond 12 months

. . Receivables due from subsid. comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . Receivables due from assoc. comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . Receivables due from holding comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . Fiscal Receivables

. . . . Within 12 months

. . . . Beyond 12 months

. . Receivables for anticipated taxes

. . . . Within 12 months

. . . . Beyond 12 months

. . Receivables due from third parties

. . . . Within 12 months

. . . . Beyond 12 months

. Total Credits not held as fixed assets

2.924.428

3.826.400

3.205.703

. FINANCIAL ASSETS

. . Equity invest. in subsidiary comp.

. . Equity invest. in associated companies

. . Equity invest. in holding companies

. . Other equity investments

. . Own shares

. . . Total nominale value

. . Other securities

. Total Financial Assets

. LIQUID FUNDS

. . Bank and post office deposits

. . Checks

. . Banknotes and coins

. Total Liquid funds

904

22.416

17.793

Total current assets

3.242.757

4.189.632

3.579.810

ADJUSTMENT ACCOUNTS

. Discount on loans

. Other adjustment accounts

22.607

69.792

162.817

Total adjustments accounts

22.607

69.792

162.817

TOTAL ASSETS

7.255.443

8.485.562

7.859.857

LIABILITIES

STOCKHOLDERS' EQUITY

. Capital stock

115.000

115.000

115.000

. Additional paid-in capital

. Revaluation reserves

. Legal reserve

13.830

13.830

11.573

. Reserve for Own shares

. Statute reserves

. Other reserves

662.090

738.507

695.620

. Accumulated Profits (Losses)

. Profit( loss) of the year

-68.635

-76.416

45.142

. Advances on dividends

. Partial loss of the year Coverage

Total Stockholders'Equity

722.285

790.921

867.335

RESERVES FOR RISKS AND CHARGES

. . Reserve for employee termination indem.

. . Taxation fund, also differed

. . Other funds

Total Reserves for Risks and Charges

29.580

28.614

10.886

Employee termination indemnities

278.658

303.969

291.625

ACCOUNTS PAYABLE

. . . . Within 12 months

4.903.117

6.052.167

5.020.849

. . . . Beyond 12 months

1.310.629

1.296.070

1.668.338

. . Bonds

. . . . Within 12 months

. . . . Beyond 12 months

. . Convertible bonds repayable

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to shareholders for financing

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to banks

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to other providers of finance

. . . . Within 12 months

. . . . Beyond 12 months

. . Advances from customers

. . . . Within 12 months

. . . . Beyond 12 months

. . Trade payables

. . . . Within 12 months

. . . . Beyond 12 months

. . Securities issued

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to subsidiary companies

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to associated companies

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to holding companies

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to the tax authorities

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to social security and welfare inst.

. . . . Within 12 months

. . . . Beyond 12 months

. . Other payables

. . . . Within 12 months

. . . . Beyond 12 months

Total accounts payable

6.213.746

7.348.237

6.689.187

ADJUSTMENT ACCOUNTS

. Agio on loans

. Other adjustment accounts

11.174

13.821

824

Total adjustment accounts

11.174

13.821

824

TOTAL LIABILITIES

7.255.443

8.485.562

7.859.857

 

 

 

 

 

MEMORANDUM ACCOUNTS

 

Third party goods

Investment accounts

-50.011

139.237

1.047.442

Risk accounts

-6.823.812

6.823.812

5.160.000

Civil and fiscal norms relation

 

 

 

 

 

PROFIT AND LOSS ACCOUNTS

 

VALUE OF PRODUCTION

. Revenues from sales and services

4.302.206

3.779.549

3.458.142

. Changes in work in progress

-1.625

-41.171

-110.235

. Changes in semi-manufact. products

. Capitalization of internal work

. Other income and revenues

551.235

540.011

301.751

. . Contributions for operating expenses

. . Different income and revenues

551.235

540.011

301.751

Total value of production

4.851.816

4.278.389

3.649.658

PRODUCTION COSTS

. Raw material,other materials and consum.

2.252.925

1.482.284

1.559.020

. Services received

. Leases and rentals

997.026

1.075.259

868.768

. Payroll and related costs

848.683

1.010.493

657.860

. . Wages and salaries

545.477

643.048

419.092

. . Social security contributions

255.165

283.984

172.669

. . Employee termination indemnities

45.667

29.693

63.842

. . Pension and similar

. . Other costs

2.374

53.768

2.257

. Amortization and depreciation

284.661

258.356

377.751

. . Amortization of intangible fixed assets

60.937

60.298

120.498

. . Amortization of tangible fixed assets

213.891

198.058

257.253

. . Depreciation of tangible fixed assets

. . Writedown of current receiv.and of liquid

9.833

. Changes in raw materials

18.886

5.177

18.989

. Provisions to risk reserves

. Other provisions

. Other operating costs

74.880

135.850

54.176

Total production costs

4.477.061

3.967.419

3.536.564

Diff. between value and cost of product.

374.755

310.970

113.094

FINANCIAL INCOME AND EXPENSE

. Income from equity investments

. . In subsidiary companies

. . In associated companies

. . In other companies

. Other financial income

9.120

14.791

18.765

. . Financ.income from receivables

. . . Towards subsidiary companies

. . . Towards associated companies

. . . Towards holding companies

. . . Towards other companies

. . Financ.income from secur. t.f.assets

9.093

14.763

17.055

. . Financ.income from secur. cur.assets

. . Financ.income other than the above

27

28

1.710

. . . - Subsidiary companies

. . . - Associated companies

. . . - Holding companies

. . . - Other companies

27

28

1.710

. Interest and other financial expense

-342.057

-305.608

-264.350

. . Towards subsidiary companies

. . Towards associated companies

. . Towards holding companies

. . Towards other companies

-342.057

-305.608

-264.350

Total financial income and expense

-332.937

-290.817

-245.585

ADJUSTMENTS TO FINANCIAL ASSETS

. Revaluations

. . Of equity investments

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

. . Of securities incl.among current assets

. Devaluation

. . Of equity investments

. . Of financial fixed assets (no equity inv)

. . Of securities included among current ass

Total adjustments to financial assets

EXTRAORDINARY INCOME AND EXPENSE

. Extraordinary income

2

230.328

. . Gains on disposals

. . Other extraordinary income

2

230.328

. Extraordinary expense

-25.666

. . Losses on disposals

. . Taxes relating to prior years

-25.666

. . Other extraordinary expense

Total extraordinary income and expense

-25.664

-1

230.328

Results before income taxes

16.154

20.152

97.837

. Taxes on current income

84.789

96.568

52.695

. . current taxes

83.823

78.841

41.809

. . differed taxes(anticip.)

966

17.727

10.886

. Net income for the period

-68.635

-76.416

45.142

. Adjustments in tax regulations pursuance

. Provisions in tax regulations pursuance

. Profit (loss) of the year

-68.635

-76.416

45.142

 

 

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

0,55

0,50

0,52

0,11

Elasticity Ratio

Units

0,45

0,49

0,46

0,87

Availability of stock

Units

0,04

0,04

0,05

0,22

Total Liquidity Ratio

Units

0,40

0,45

0,41

0,56

Quick Ratio

Units

0,00

0,00

0,00

0,02

COMPOSITION ON SOURCE

Net Short-term indebtedness

Units

6,79

7,62

5,77

3,81

Self Financing Ratio

Units

0,10

0,09

0,11

0,17

Capital protection Ratio

Units

0,94

0,95

0,82

0,65

Liabilities consolidation quotient

Units

0,32

0,26

0,39

0,12

Financing

Units

8,60

9,29

7,71

4,72

Permanent Indebtedness Ratio

Units

0,32

0,28

0,36

0,30

M/L term Debts Ratio

Units

0,22

0,19

0,25

0,07

Net Financial Indebtedness Ratio

Units

n.c.

n.c.

n.c.

1,28

CORRELATION

Fixed assets ratio

Units

0,58

0,57

0,69

2,06

Current ratio

Units

0,66

0,69

0,71

1,16

Acid Test Ratio-Liquidity Ratio

Units

0,60

0,64

0,64

0,84

Structure's primary quotient

Units

0,18

0,19

0,21

1,28

Treasury's primary quotient

Units

0,00

0,00

0,00

0,03

Rate of indebtedness ( Leverage )

%

1004,51

1072,87

906,21

591,61

Current Capital ( net )

Value

-1.660.360

-1.862.535

-1.441.039

219.071

RETURN

Return on Sales

%

5,02

4,81

12,23

2,22

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

%

-9,50

-9,66

5,20

6,27

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

%

2,24

2,55

11,28

15,95

Return on Investment ( R.O.I. )

%

5,17

3,66

1,44

4,19

Return/ Sales

%

8,71

8,23

3,27

3,42

Extra Management revenues/charges incid.

%

-18,31

-24,57

39,92

29,26

Cash Flow

Value

216.026

181.940

422.893

61.669

Operating Profit

Value

374.755

310.970

113.094

95.558

Gross Operating Margin

Value

659.416

569.326

490.845

144.934

MANAGEMENT

Credits to clients average term

Days

n.c.

n.c.

n.c.

120,94

Debts to suppliers average term

Days

n.c.

n.c.

n.c.

120,04

Average stock waiting period

Days

26,56

32,46

37,09

61,92

Rate of capital employed return ( Turnover )

Units

0,59

0,45

0,44

1,27

Rate of stock return

Units

13,55

11,09

9,71

5,74

Labour cost incidence

%

19,73

26,74

19,02

7,77

Net financial revenues/ charges incidence

%

-7,74

-7,69

-7,10

-1,26

Labour cost on purchasing expenses

%

18,96

25,47

18,60

7,90

Short-term financing charges

%

5,50

4,16

3,95

2,67

Capital on hand

%

168,64

224,51

227,29

78,39

Sales pro employee

Value

165.469

121.920

172.907

437.713

Labour cost pro employee

Value

32.641

32.596

32.893

33.928

 

 

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

:

161.575

Population living in the region

:

4.330.172

Number of families in the region

:

1.889.207

 

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

 

- per food products

:

429

- per non food products

:

1.789

- per energy consume

:

135




Sector Data

 

The values are calculated on a base of 6.137 significant companies.

The companies cash their credits on an average of 121 dd.

The average duration of suppliers debts is about 120 dd.

The sector's profitability is on an average of 2,22%.

The labour cost affects the turnover in the measure of 7,77%.

Goods are held in stock in a range of 62 dd.

The difference between the sales volume and the resources used to realize it is about 1,27.

The employees costs represent the 7,90% of the production costs.



Statistical Detrimental Data

 

Statistically the trade activity shows periods of crisis.

The area is statistically considered moderately risky.

In the region 27.019 protested subjects are found; in the province they count to 1.296.

The insolvency index for the region is 0,63, , while for the province it is 0,81.

Total Bankrupt companies in the province : 428.

Total Bankrupt companies in the region : 14.165.

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.11

UK Pound

1

Rs.100.51

Euro

1

Rs.70.39

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

TPT

 

               

RATING EXPLANATIONS

 

RATING

STATUS

PROPOSED CREDIT LINE

 

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

 

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

 

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

 

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

 

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

 

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

 

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

Credit not recommended

 

--

NB

New Business

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

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

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