MIRA INFORM REPORT
|
Report No. : |
347092 |
|
Report Date : |
27.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
CAVANNA S.P.A. |
|
|
|
|
Registered Office : |
ViaGiacomo Matteotti, 104, 28077 - Prato
Sesia (NO) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
02.01.1979 |
|
|
|
|
Legal Form : |
Joint Stock Company With Sole Shareholder |
|
|
|
|
Line of Business : |
Manufacture of automatic machines for dosing, wrapping and packaging
(including separate parts and accessories) |
|
|
|
|
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 |
|
Maximum Credit Limit : |
250.000 |
|
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 |
Company
Name & address
CAVANNA S.P.A.
Via Giacomo
Matteotti, 104
28077 - Prato Sesia (NO) -IT-
Summary
|
Fiscal Code |
: |
00512880030 |
|
Legal Form |
: |
Joint stock company with sole shareholder |
|
start of Activities |
: |
02/01/1979 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
35.000.000/50.000.000 |
|
Number of Employees |
: |
from 251 to 500 |
Credit
Analysis
|
Credit Opinion |
: |
250.000 - |
Activity
Manufacture of automatic machines for dosing, wrapping and packaging
(including separate parts and accessories)
Legal
Data
Legal Form : Joint stock company with sole shareholder
|
Fiscal Code : 00512880030 |
|
Foreign Trade Reg. no. : NO002193 since 03/12/1991 |
|
Chamber of Commerce no. : 1290084 of Milano |
|
Chamber of Commerce no. : 127240 of Novara since 30/01/1979 |
|
Chamber of Commerce no. : 1204291 of Torino |
|
Firms' Register : NO106-5958 of Novara since 19/02/1996 |
|
V.A.T. Code : 00512880030 |
|
Foundation date |
: 02/01/1979 |
|
|
Establishment date |
: 02/01/1979 |
|
|
Start of Activities |
: 02/01/1979 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 2.400.000 |
|
|
Subscribed Capital |
: 2.400.000 |
|
|
Paid up Capital |
: 2.400.000 |
|
Legal mail : |
UFFICIO.LEGALE@PEC-CAVANNA.COM |
Members
|
|
Pessina |
Rosalia |
|
|
Born in Pavia |
(PV) |
on 07/01/1934 |
- Fiscal Code : PSSRSL34A47G388Q |
|
|
Residence: |
Antonelli |
, 72 |
- 28078 |
Romagnano Sesia |
(NO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
20/04/2015 |
||
|
Managing Director |
20/04/2015 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Cavanna |
Alessandra |
|
|
Born in Borgosesia |
(VC) |
on 04/05/1966 |
- Fiscal Code : CVNLSN66E44B041B |
|
|
Residence: |
Privata Tamiotti |
, 1 |
- 28074 |
Ghemme |
(NO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
20/04/2015 |
||
|
Managing Director |
20/04/2015 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Cavanna |
Riccardo |
|
|
Born in Gattinara |
(VC) |
on 02/11/1970 |
- Fiscal Code : CVNRCR70S02D938J |
|
|
Residence: |
Statale Del Sempione |
, 28 |
- 20017 |
Rho |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
20/04/2015 |
||
|
Managing Director |
20/04/2015 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Cicognani |
Giulio |
|
|
Born in Imola |
(BO) |
on 22/11/1947 |
- Fiscal Code : CCGGLI47S22E289J |
|
|
Residence: |
Ulivi |
, 4/A |
- 40020 |
Casalfiumanese |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
20/04/2015 |
||
|
Board Chairman |
20/04/2015 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
In.fin. 1989 S.r.l. |
|
|
: |
Felice Cavallotti |
, 30 |
- 28100 |
Novara |
(NO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
03/07/2006 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Asietti |
Franco |
|
|
Born in Prato Sesia |
(NO) |
on 19/05/1956 |
- Fiscal Code : STTFNC56E19H001A |
|
|
Residence: |
G. Matteotti |
, 173 |
- 28077 |
Prato Sesia |
(NO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
10/05/2007 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Bressan |
Franco |
|
|
Born in Borgomanero |
(NO) |
on 03/05/1960 |
- Fiscal Code : BRSFNC60E03B019H |
|
|
Residence: |
Don Minzoni |
, 30 |
- 28010 |
Gargallo |
(NO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
07/04/2011 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Sianesi |
Andrea |
|
|
Born in Milano |
(MI) |
on 25/11/1961 |
- Fiscal Code : SNSNDR61S25F205K |
|
|
Residence: |
Vincenzo Monti |
, 5 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
20/04/2015 |
|
|
Cicchitto |
Claudio |
|
|
Born in Petrella Tifernina |
(CB) |
on 18/11/1960 |
- Fiscal Code : CCCCLD60S18G512P |
|
|
Residence: |
Brandizzo |
, 56 |
- 10088 |
Volpiano |
(TO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
29/01/2015 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Rinolfi |
Massimo |
|
|
Born in Prato Sesia |
(NO) |
on 02/01/1959 |
- Fiscal Code : RNLMSM59A02H001T |
|
|
Residence: |
Bolco |
, 33 |
- 28899 |
Arola |
(VB) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
07/04/2011 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Bercellino |
Daniela |
|
|
Born in Gattinara |
(VC) |
on 02/06/1962 |
- Fiscal Code : BRCDNL62H42D938P |
|
|
Residence: |
Carpaneto |
, 12 |
- 13045 |
Gattinara |
(VC) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
07/04/2011 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Sala |
Alberto |
|
|
Born in Borgomanero |
(NO) |
on 04/07/1981 |
- Fiscal Code : SLALRT81L04B019P |
|
|
Residence: |
Martiri Della Liberta' |
, 9 |
- 28077 |
Prato Sesia |
(NO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
07/04/2011 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Gallarini |
Giovanni |
|
|
Born in Mandello Vitta |
(NO) |
on 29/04/1965 |
- Fiscal Code : GLLGNN65D29E880V |
|
|
Residence: |
Cavour |
, 15 |
- 28060 |
Mandello Vitta |
(NO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
07/04/2011 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Cenedese |
Stefano Vittorio |
|
|
Born in Borgomanero |
(NO) |
on 11/10/1968 |
- Fiscal Code : CNDSFN68R11B019V |
|
|
Residence: |
Gen. Armando Diaz |
, 21/A |
- 28041 |
Arona |
(NO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
07/04/2011 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Menegolo |
Daniele |
|
|
Born in Borgomanero |
(NO) |
on 24/12/1973 |
- Fiscal Code : MNGDNL73T24B019T |
|
|
Residence: |
Lunga Agogna |
, 12 |
- 28010 |
Briga Novarese |
(NO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
24/07/2014 |
|
|
No Protests registered |
|
|
Guzzon |
Mauro |
|
|
Born in Gattinara |
(VC) |
on 28/09/1967 |
- Fiscal Code : GZZMRA67P28D938T |
|
|
Residence: |
Roma |
, 7 |
- 13010 |
Postua |
(VC) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
24/07/2014 |
|
|
No Protests registered |
|
|
Bonfadini |
Elena |
|
|
Born in Torino |
(TO) |
on 06/05/1977 |
- Fiscal Code : BNFLNE77E46L219V |
|
|
Residence: |
Torino |
, 177 |
- 10032 |
Brandizzo |
(TO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
29/01/2015 |
|
|
No Protests registered |
|
|
Rondinelli |
Giovanni |
|
|
Born in Calvera |
(PZ) |
on 16/02/1970 |
- Fiscal Code : RNDGNN70B16B443R |
|
|
Residence: |
Bianchetti |
, 2 |
- 28865 |
Crevoladossola |
(VB) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
29/01/2015 |
|
|
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.
|
|
Pessina |
Rosalia |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Santo Stefano S.s. |
Novara (NO) - IT - |
94018480031 |
Partner (in
work) |
Withdrawn |
Registered |
|
|
Cavanna |
Alessandra |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
In.fin. 1989 S.r.l. |
Novara (NO) - IT - |
01307790038 |
Director |
Active |
Registered |
|
In.fin. 1989 S.r.l. |
Novara (NO) - IT - |
01307790038 |
Managing
Director |
Active |
Registered |
|
In.fin. 1989 S.r.l. |
Novara (NO) - IT - |
01307790038 |
Board Chairman |
Active |
Registered |
|
Santo Stefano S.s. |
Novara (NO) - IT - |
94018480031 |
Partner |
Active |
Registered |
|
Felice S.r.l. |
Novara (NO) - IT - |
02208100038 |
Responsible |
Withdrawn |
Registered |
|
Felice S.r.l. |
Novara (NO) - IT - |
02208100038 |
Director |
Withdrawn |
Registered |
|
|
Cavanna |
Riccardo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Foraz Consorzio Interaziendale Per La Formazione Professionale |
Novara (NO) - IT - |
01381570033 |
Director |
Active |
Registered |
|
Proma-pack Srl |
Modena (MO) - IT - |
08001660151 |
Director |
Withdrawn |
Registered |
|
In.fin. 1989 S.r.l. |
Novara (NO) - IT - |
01307790038 |
Director |
Active |
Registered |
|
In.fin. 1989 S.r.l. |
Novara (NO) - IT - |
01307790038 |
Managing
Director |
Active |
Registered |
|
Santo Stefano S.s. |
Novara (NO) - IT - |
94018480031 |
Partner |
Active |
Registered |
|
Felice S.r.l. |
Novara (NO) - IT - |
02208100038 |
Director |
Withdrawn |
Registered |
|
Ipack Ima S.r.l. |
Rho (MI) - IT - |
09243350965 |
Director |
Active |
Registered |
|
Ipack Ima S.r.l. |
Rho (MI) - IT - |
09243350965 |
Board Chairman |
Active |
Registered |
|
|
Cicognani |
Giulio |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Sacmi Cooperativa Meccanici Imola SocietA' Cooperativa In Breve Sacmi Imola
S.c. |
Imola (BO) - IT - |
00287010375 |
Attorney with
special power |
Withdrawn |
Registered |
|
Sacmi Cooperativa Meccanici Imola SocietA' Cooperativa In Breve Sacmi
Imola S.c. |
Imola (BO) - IT - |
00287010375 |
General Director |
Withdrawn |
Registered |
|
Carle E Montanari-opm S.p.a. |
Rozzano (MI) - IT - |
04704190158 |
Director |
Withdrawn |
Registered |
|
Carle E Montanari-opm S.p.a. |
Rozzano (MI) - IT - |
04704190158 |
Board Chairman |
Withdrawn |
Registered |
|
Banca Popolare Dell'emilia Romagna, Societa' Cooperativa |
Modena (MO) - IT - |
01153230360 |
Director |
Active |
Registered |
|
In - Pak Spa |
Imola (BO) - IT - |
02114860378 |
Chairman |
Withdrawn |
Ceased |
|
Sacmi Packaging S.p.a. |
Imola (BO) - IT - |
02527510370 |
Managing
Director |
Withdrawn |
Registered |
|
Sacmi Packaging S.p.a. |
Imola (BO) - IT - |
02527510370 |
Director |
Withdrawn |
Registered |
|
Sacmi Packaging S.p.a. |
Imola (BO) - IT - |
02527510370 |
Board Chairman |
Withdrawn |
Registered |
|
F B R - Elpo - Societa' Per Azioni |
Parma (PR) - IT - |
01659700346 |
Director |
Withdrawn |
Registered |
|
F B R - Elpo - Societa' Per Azioni |
Parma (PR) - IT - |
01659700346 |
Board Chairman |
Withdrawn |
Registered |
|
Banca Bipielle Adriatico S.p.a. |
Imola (BO) - IT - |
01501691206 |
Director |
Withdrawn |
Ceased |
|
Proma-pack Srl |
Modena (MO) - IT - |
08001660151 |
Director |
Withdrawn |
Registered |
|
Montecatone Rehabilitation Institute S.p.a. (in Sigla Montecatone R.i.
S.p.a.) |
Imola (BO) - IT - |
01789031208 |
Director |
Withdrawn |
Registered |
|
Gram Equipment Italia S.r.l. |
Parma (PR) - IT - |
02141590345 |
Board Chairman |
Withdrawn |
Registered |
|
Sacmi Filling S.p.a. |
Imola (BO) - IT - |
02130821206 |
Director |
Withdrawn |
Registered |
|
Sacmi Filling S.p.a. |
Imola (BO) - IT - |
02130821206 |
Board Chairman |
Withdrawn |
Registered |
|
Sacmi Verona S.p.a. |
Imola (BO) - IT - |
01479640391 |
Director |
Withdrawn |
Registered |
|
Sacmi Verona S.p.a. |
Imola (BO) - IT - |
01479640391 |
Board Chairman |
Withdrawn |
Registered |
|
Eurofinance S.p.a. |
Parma (PR) - IT - |
02144581200 |
Director |
Withdrawn |
Registered |
|
Belpiano Immobiliare S.r.l. |
Imola (BO) - IT - |
02177431208 |
Director |
Withdrawn |
Registered |
|
Keybrick Sistem S.r.l. |
Asti (AT) - IT - |
00614740058 |
Director |
Withdrawn |
Ceased |
|
Raytec Vision S.p.a. |
Parma (PR) - IT - |
02219260342 |
Director |
Withdrawn |
Registered |
|
Kale Italia S.r.l. |
Fiorano Modenese (MO) - IT - |
03128071200 |
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 |
|
In.fin. 1989 S.r.l. |
Novara - IT - |
01307790038 |
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 |
|
Val.i.d. S.r.l. |
Borgosesia - IT - |
01933180026 |
408 .Eur |
3,70 |
Active |
Firm's
location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
Giacomo Matteotti |
, 104 |
- 28077 |
- Prato Sesia |
(NO) |
- IT - |
|
PHONE |
: 0163829111 |
|
PHONE |
: 0163823122 |
|
FAX |
: 0163829237 |
|
Legal mail |
: UFFICIO.LEGALE@PEC-CAVANNA.COM |
|
- |
Branch |
(Factory) |
since 01/01/2015 |
|
G.cottolengo |
, 21/B |
- 10072 |
- Caselle Torinese |
(TO) |
- IT - |
|
Employees |
: 256 |
|
Assistants |
: 4 |
|
Fittings and Equipment for a value of 1.200.000 |
Eur |
|
Stocks for a value of 17.550.000 |
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:
|
- France |
|
- Bulgaria |
|
- Austria |
|
- Italy |
Historical
Information and/or Firm's Status
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of splitting-up and tranfer into |
|
|
|
|
Felice Cavallotti |
, 30 |
, 28100 |
, Novara |
(NO) |
- IT - |
|
|
Fiscal Code: 01307790038 |
|
|
Date |
Merging/splitting-up project: |
08/05/2008 |
|
|
Splitting-up and transfer of assets to |
|
|
|
|
Felice Cavallotti |
, 30 |
, 28100 |
, Novara |
(NO) |
- IT - |
|
|
Fiscal Code: 01307790038 |
|
|
Date |
Splitting-up: |
05/08/2008 |
|
|
Project of merging by taking over of |
|
|
|
|
Cavallotti |
, 30 |
, 28100 |
, Novara |
(NO) |
- IT - |
|
|
Fiscal Code: 02208100038 |
|
|
Date |
Merging/splitting-up project: |
10/09/2014 |
|
|
The firm absorbed by merging of |
|
|
|
|
Cavallotti |
, 30 |
, 28100 |
, Novara |
(NO) |
- IT - |
|
|
Fiscal Code: 02208100038 |
|
|
Date |
: |
31/12/2014 |
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
Company's starting of activities dates back to 1979.
The economic-financial analysis has been made on the base of the b/s of
the latests three years.
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 22,02% in 2014 with a stable trend in the turnover.
The operating result in 2014 was positive (4,45%) and in line with the
sector's average.
The amount of the operating result is equal to Eur. 2.070.735 increasing
if compared to the yeart 2013.
During the latest financial year the gross operating margin amounted to
Eur. 2.930.541 on the same levels as the previous financial year.
The ratio between shareholder's equity and borrowed capital is not well
balanced, the indebtedness level is equal to 4,95 but on the decrease if
compared to the year before.
It's shareholders funds amount to Eur. 6.236.566 , with an upward trend.
Total debts recorded amounted to Eur. 35.393.498 (Eur. 1.411.445 of
which were m/l term debts) , a more or less stable value.
The company does not exceed in bank credits; payments average period is
instead slightly high (98,57 gg.) anyway better than the field's average.
Liquidity is good (1,25)
Due from customers average term is high and equal to 116,51 days. but in
line with the sector.
As far as the cash flow is concerned during the latest financial year it
amounted to Eur. 2.233.249
Labour cost expenses amount to Eur. 15.357.631 , representing 32,61% on
the total of production costs. , with a 32,97% incidence on turnover.
The incidence of the financial charges is of -0,06% on the sales amount.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
46.574.662 |
|
Profit (Loss) for the period |
1.373.443 |
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
47.746.096 |
|
Profit (Loss) for the period |
422.124 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
51.668.960 |
|
Profit (Loss) for the period |
145.030 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
43.574.502 |
|
Profit (Loss) for the period |
939.085 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
38.860.968 |
|
Profit (Loss) for the period |
446.253 |
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 |
|
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|
|
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 |
0,08 |
0,08 |
0,08 |
0,18 |
|
Elasticity Ratio |
Units |
0,91 |
0,90 |
0,90 |
0,79 |
|
Availability of stock |
Units |
0,38 |
0,37 |
0,37 |
0,21 |
|
Total Liquidity Ratio |
Units |
0,54 |
0,53 |
0,53 |
0,52 |
|
Quick Ratio |
Units |
0,07 |
0,08 |
0,02 |
0,03 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
4,95 |
6,47 |
6,38 |
3,01 |
|
Self Financing Ratio |
Units |
0,13 |
0,10 |
0,11 |
0,19 |
|
Capital protection Ratio |
Units |
0,39 |
0,36 |
0,36 |
0,66 |
|
Liabilities consolidation quotient |
Units |
0,12 |
0,10 |
0,13 |
0,16 |
|
Financing |
Units |
5,68 |
7,36 |
6,79 |
3,56 |
|
Permanent Indebtedness Ratio |
Units |
0,22 |
0,18 |
0,21 |
0,34 |
|
M/L term Debts Ratio |
Units |
0,09 |
0,08 |
0,10 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
0,58 |
0,00 |
1,25 |
0,69 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
2,92 |
2,26 |
2,51 |
1,65 |
|
Current ratio |
Units |
1,25 |
1,19 |
1,25 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,74 |
0,71 |
0,73 |
0,86 |
|
Structure's primary quotient |
Units |
1,76 |
1,31 |
1,33 |
1,02 |
|
Treasury's primary quotient |
Units |
0,09 |
0,10 |
0,03 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
746,14 |
956,72 |
907,93 |
509,92 |
|
Current Capital ( net ) |
Value |
8.573.754 |
6.103.566 |
6.430.042 |
330.495 |
|
RETURN |
|||||
|
Return on Sales |
% |
4,79 |
4,26 |
1,66 |
3,79 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
22,02 |
9,60 |
3,65 |
6,70 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
39,65 |
27,05 |
9,91 |
18,82 |
|
Return on Investment ( R.O.I. ) |
% |
4,45 |
3,40 |
0,80 |
4,89 |
|
Return/ Sales |
% |
4,45 |
2,99 |
0,56 |
4,78 |
|
Extra Management revenues/charges incid. |
% |
66,33 |
29,52 |
50,48 |
29,96 |
|
Cash Flow |
Value |
2.233.249 |
2.033.822 |
855.748 |
165.166 |
|
Operating Profit |
Value |
2.070.735 |
1.429.931 |
287.299 |
225.594 |
|
Gross Operating Margin |
Value |
2.930.541 |
3.289.944 |
1.626.833 |
376.080 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
116,51 |
94,89 |
89,68 |
111,07 |
|
Debts to suppliers average term |
Days |
98,57 |
143,31 |
85,36 |
127,44 |
|
Average stock waiting period |
Days |
135,63 |
116,53 |
93,86 |
62,88 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,00 |
1,13 |
1,43 |
1,10 |
|
Rate of stock return |
Units |
2,65 |
3,09 |
3,84 |
5,58 |
|
Labour cost incidence |
% |
32,97 |
28,53 |
24,59 |
18,94 |
|
Net financial revenues/ charges incidence |
% |
-0,06 |
-0,61 |
-0,56 |
-1,15 |
|
Labour cost on purchasing expenses |
% |
32,61 |
28,05 |
23,54 |
18,99 |
|
Short-term financing charges |
% |
0,38 |
1,29 |
1,32 |
2,55 |
|
Capital on hand |
% |
99,91 |
88,13 |
69,87 |
90,89 |
|
Sales pro employee |
Value |
97.233 |
112.343 |
243.721 |
199.007 |
|
Labour cost pro employee |
Value |
32.061 |
32.056 |
59.924 |
34.820 |
Credit
Opinion
On the basis of the above mentioned, and the sales volume obtained, we deem
that the maximum exposure for short and medium term transactions ( 90 - 120
days ) could be of:
250.000
Eur.
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 |
: |
|
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Population living in the region |
: |
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Number of families in the region |
: |
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Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
|
|
- per non food products |
: |
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|
- per energy consume |
: |
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Sector
Data
The values are calculated on a base of 1.964 significant companies.
The companies cash their credits on an average of 111 dd.
The average duration of suppliers debts is about 127 dd.
The sector's profitability is on an average of 3,79%.
The labour cost affects the turnover in the measure of 18,94%.
Goods are held in stock in a range of 63 dd.
The difference between the sales volume and the resources used to
realize it is about 1,10.
The employees costs represent the 18,99% 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 2.505.
The insolvency index for the region is 0,63, , while for the province it
is 0,71.
Total Bankrupt companies in the province : 1.102.
Total Bankrupt companies in the region : 14.165.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.96 |
|
|
1 |
Rs.99.55 |
|
Euro |
1 |
Rs.71.64 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.