|
Report No. : |
346848 |
|
Report Date : |
27.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL GARDEN
PRODUCTS ITALY S.P.A IN BR EVE GGP ITALY S.P.A. |
|
|
|
|
Registered Office : |
Via Del Lavoro, 6,
31033 - Castelfranco Veneto (TV) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.08.2014 |
|
|
|
|
Date of Incorporation : |
14.10.2003 |
|
|
|
|
Legal Form : |
Joint Stock Company with Sole Shareholder |
|
|
|
|
Line of Business : |
· Manufacture of agricultural and silviculture machinery · Installation of industrial machinery and equipment · Installation of irrigation systems for gardens (including maintenance and repair) |
|
|
|
|
No. of Employees : |
From 500 to 750 |
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 : |
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 |
GLOBAL GARDEN
PRODUCTS ITALY S.P.A IN BR EVE GGP ITALY S.P.A.
Via Del
Lavoro, 6
31033 - Castelfranco Veneto (TV) -IT-
|
Fiscal
Code |
: |
07684381002 |
|
Legal
Form |
: |
Joint
stock company with sole shareholder |
|
start
of Activities |
: |
25/02/2004 |
|
Equity |
: |
Over
2.582.254 |
|
Turnover
Range |
: |
over
129.114.224 |
|
Number
of Employees |
: |
from
500 to 750 |
|
Group |
: |
GGP
GROUP |
Manufacture
of agricultural and silviculture machinery
Installation
of industrial machinery and equipment
Installation
of irrigation systems for gardens (including maintenance and repair)
Legal
Form : Joint stock company with sole shareholder
|
Fiscal
Code : 07684381002 |
|
Foreign
Trade Reg. no. : TV051722 since 13/07/2005 |
|
Chamber
of Commerce no. : 1048938 of Roma |
|
Chamber
of Commerce no. : 304118 of Treviso since 25/02/2004 |
|
Chamber
of Commerce no. : 319560 of Venezia |
|
Firms'
Register : TV-2004-11768 of Treviso |
|
V.A.T.
Code : 07684381002 |
|
Foundation
date |
:
14/10/2003 |
|
|
Establishment
date |
:
14/10/2003 |
|
|
Start
of Activities |
:
25/02/2004 |
|
|
Legal
duration |
:
31/08/2100 |
|
|
Nominal
Capital |
:
50.000.002 |
|
|
Subscribed
Capital |
:
50.000.002 |
|
|
Paid
up Capital |
:
50.000.002 |
|
Legal
mail : |
LEGAL@GGP-GROUP.LEGALMAIL.IT |
|
|
Novello |
Franco |
|
|
Born
in Treviso |
(TV) |
on
11/08/1960 |
-
Fiscal Code : NVLFNC60M11L407N |
|
|
Residence: |
Sant'angelo |
,
46/A |
-
31100 |
Treviso |
(TV) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney
with special power |
12/09/2012 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Lucernoni |
Roberto |
|
|
Born
in Macerata |
(MC) |
on
03/02/1955 |
-
Fiscal Code : LCRRRT55B03E783P |
|
|
Residence: |
Del
Lavoro |
,
6 |
-
31033 |
Castelfranco
Veneto |
(TV) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
25/11/2014 |
||
|
Attorney
with special power |
12/09/2012 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Bottacin |
Massimo |
|
|
Born
in Latisana |
(UD) |
on
03/03/1973 |
-
Fiscal Code : BTTMSM73C03E473Y |
|
|
Residence: |
Municipio |
,
6/C |
-
31100 |
Treviso |
(TV) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney
with special power |
07/10/2015 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Cavasin |
Paolo |
|
|
Born
in Venezia |
(VE) |
on
24/02/1958 |
-
Fiscal Code : CVSPLA58B24L736F |
|
|
Residence: |
Torcello |
,
14 |
-
30020 |
Quarto
d'Altino |
(VE) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney
with special power |
13/09/2012 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Metz |
Georg
Friedrich |
|
|
Born
in Bad Kreuznach |
(
) |
on
03/04/1956 |
-
Fiscal Code : MTZGGF56D03Z112U |
|
|
Residence: |
Del
Lavoro |
,
6 |
-
31033 |
Castelfranco
Veneto |
(TV) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
25/11/2014 |
||
|
Managing
Director |
01/12/2014 |
||
|
Board
Chairman |
25/11/2014 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Cattapan |
Luca |
|
|
Born
in Castelfranco Veneto |
(TV) |
on
07/07/1969 |
-
Fiscal Code : CTTLCU69L07C111S |
|
|
Residence: |
Campardi |
,
17 |
-
31033 |
Castelfranco
Veneto |
(TV) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney
with special power |
12/09/2012 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Grigion |
Alberto |
|
|
Born
in Bassano del Grappa |
(VI) |
on
30/07/1971 |
-
Fiscal Code : GRGLRT71L30A703F |
|
|
Residence: |
Baroni |
,
74 |
-
31037 |
Loria |
(TV) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney
with special power |
12/09/2012 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Burlando |
Alessandro |
|
|
Born
in Torino |
(TO) |
on
09/03/1966 |
-
Fiscal Code : BRLLSN66C09L219M |
|
|
Residence: |
Podgora |
,
11 |
-
20025 |
Legnano |
(MI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney
with special power |
12/09/2012 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Massignani |
Carlo |
|
|
Born
in Venezia |
(VE) |
on
05/07/1969 |
-
Fiscal Code : MSSCRL69L05L736A |
|
|
Residence: |
Piraghetto |
,
12 |
-
30171 |
Venezia |
(VE) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney
with special power |
12/09/2012 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Hippoliti |
Raimondo |
|
|
Born
in Firenze |
(FI) |
on
11/11/1962 |
-
Fiscal Code : HPPRND62S11D612Z |
|
|
Residence: |
Romboli |
,
37 |
-
50053 |
Empoli |
(FI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney
with special power |
13/09/2012 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Sinyor |
Joseph |
|
|
Born
in Manchester |
(
) |
on
16/08/1957 |
-
Fiscal Code : SNYJPH57M16Z114B |
|
|
Residence: |
Del
Lavoro |
,
6 |
-
31033 |
Castelfranco
Veneto |
(TV) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
25/11/2014 |
|
|
Snyder |
David
Numa |
|
|
Born
in Pennsylvania |
(
) |
on
13/11/1956 |
-
Fiscal Code : SNYDDN56S13Z404Y |
|
|
Residence: |
Del
Lavoro |
,
6 |
-
31033 |
Castelfranco
Veneto |
(TV) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
17/06/2015 |
|
|
French |
Matthew
Stuart |
|
|
Born
in Stockport |
(
) |
on
27/09/1966 |
-
Fiscal Code : FRNMTH66P27Z114F |
|
|
Residence: |
Del
Lavoro |
,
6 |
-
31033 |
Castelfranco
Veneto |
(TV) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
17/06/2015 |
|
|
Global
Garden Products C S.a.r.l. |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Sole
partner |
|
|
No
Protests registered |
|
|
Global
Garden Products C S.a.r.l. |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Partner |
|
|
No
Protests registered |
*Checkings
have been performed on a national scale.
In
this module are listed the companies in which members hold or have holded
positions.
|
|
Metz |
Georg
Friedrich |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
G
G P Divisione Italia S.p.a. |
Santa
Lucia di Piave (TV) - IT - |
03657320267 |
Director |
Withdrawn |
Registered |
The
indication "REGISTERED" as Firm Status could refer to Firms in
Liquidation, Active, Inactive, etc.
For
more information, in this case, we advise to request further investigations.
Shareholders'
list as at date of data collection:
|
Firm's
Style / Name |
Seat
/ Residence |
Fiscal
Code |
Owned
Shares |
%
Ownership |
|
Global
Garden Products C S.a.r.l. |
100,00 |
The
Company under review has participations in the following Companies:
|
Firm's
Style |
Seat |
Fiscal
Code |
Owned
Shares Amount |
%
Ownership |
since
|
until
|
Share
Status |
|
Consorzio
Ecoped |
Milano
- IT - |
05157260968 |
Active |
In
order to carry out its activities the firm uses the following locations:
|
- |
Legal
and operative seat |
|
Del
Lavoro |
,
6 |
-
31033 |
-
Castelfranco Veneto |
(TV) |
-
IT - |
|
PHONE |
:
0423450111 |
|
FAX |
:
0423450670-713 |
|
FAX |
:
0423450690 |
|
Legal
mail |
:
LEGAL@GGP-GROUP.LEGALMAIL.IT |
|
- |
Branch |
(Factory) |
since
09/06/2004 |
|
Resana |
,
33/E |
-
31023 |
-
Resana |
(TV) |
-
IT - |
|
- |
Branch |
(Office
with warehouse) |
since
09/06/2004 |
|
Del
Lavoro |
,
8 |
-
31033 |
-
Castelfranco Veneto |
(TV) |
-
IT - |
|
Employees |
:
731 |
|
Fittings
and Equipment for a value of 11.700.000 |
Eur |
|
Stocks
for a value of 20.870.000 |
Eur |
Trade
organization: direct or by agents.
Sales
are on an international scale.
The
firm operates abroad as importer / exporter..
Company
generally accepts payments with terms of 60/90 days.
Financial
means used for sale: bank transfers and bank orders.
Company's
purchase terms are within 90 and 120 days.
Main
used payment modalities are by cash orders and bank transfers.
The
subject firm uses the following own selling brands:
|
-
Calstelgarden |
|
-
Alpina |
|
-
Mountfield |
|
-
Alpina |
|
-
Belos |
Traded
Brands / Suppliers
|
-
Briggs eamp; Sratton |
|
-
Loncin |
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project
of merging by taking over of |
|
Cinquedi S.p.a. |
|
|
Pontaccio |
,
10 |
,
20121 |
,
Milano |
(MI) |
-
IT - |
|
|
Fiscal
Code: 12792900156 |
|
|
Date
|
Merging/splitting-up
project: |
25/02/2004 |
|
|
The
firm absorbed by merging of |
|
Cinquedi S.p.a. |
|
|
Pontaccio |
,
10 |
,
20121 |
,
Milano |
(MI) |
-
IT - |
|
|
Fiscal
Code: 12792900156 |
|
|
Date
|
:
|
31/05/2004 |
|
|
The
firm absorbed by merging of |
|
Alpina Professional
E Garden S.p.a. |
|
|
Venezia |
,
45 |
,
31020 |
,
San Vendemiano |
(TV) |
-
IT - |
|
|
Fiscal
Code: 00899010268 |
|
|
Date
|
:
|
31/05/2004 |
|
|
Project
of merging by taking over of |
|
G G P Divisione
Italia S.p.a. |
|
|
Ettore
Maiorana |
,
5 |
,
31025 |
,
Santa Lucia di Piave |
(TV) |
-
IT - |
|
|
Fiscal
Code: 03657320267 |
|
|
Date
|
Merging/splitting-up
project: |
05/05/2011 |
|
|
Resolution
of merging of |
|
G G P Divisione
Italia S.p.a. |
|
|
Ettore
Maiorana |
,
5 |
,
31025 |
,
Santa Lucia di Piave |
(TV) |
-
IT - |
|
|
Fiscal
Code: 03657320267 |
|
|
Date
|
:
|
09/06/2011 |
|
|
The
firm absorbed by merging of |
|
G G P Divisione
Italia S.p.a. |
|
|
Ettore
Maiorana |
,
5 |
,
31025 |
,
Santa Lucia di Piave |
(TV) |
-
IT - |
|
|
Fiscal
Code: 03657320267 |
|
|
Date
|
:
|
24/08/2011 |
|
|
Project
of merging by taking over of |
|
Li.co S.r.l. |
|
|
Delle
Industrie |
,
36/B |
,
31020 |
,
San Vendemiano |
(TV) |
-
IT - |
|
|
Fiscal
Code: 04227640267 |
|
|
Date
|
Merging/splitting-up
project: |
21/03/2012 |
|
|
The
firm absorbed by merging of |
|
Li.co S.r.l. |
|
|
Delle
Industrie |
,
36/B |
,
31020 |
,
San Vendemiano |
(TV) |
-
IT - |
|
|
Fiscal
Code: 04227640267 |
|
|
Date
|
:
|
18/06/2012 |
Protests
checking on the subject firm has given a negative result.
Search
performed on a National Scale
|
|
Prejudicial
Events Search Result: |
|
|
Prejudicial
Events found with cancellations* |
Legal
Mortgage on 28/10/2010. for an amount of 5.785.617 Euro. Event writing-off
|
EQUITALIA NOMOS SPA |
Search
performed on a specialized data base.
*Concerns
also partially erased events.
None
reported, standing to the latest received edition of the Official Publications.
The
firm operates with:
|
Bank
Name |
Agency
Name |
Address |
ZIP
Code |
City |
ABI
Code |
CAB
Code |
|
BANCO
DI BRESCIA SAN PAOLO CAB S.P.A. |
FILIALE
DI TREVISO |
PIAZZA
VITTORIA, 14 |
31100 |
Treviso |
3500 |
12000 |
|
CASSA
DI RISPARMIO DEL VENETO |
6225 |
0 |
Company's
starting of activities dates back to 2004.
The
economic-financial analysis has been made on the base of the b/s of the latests
three years.
Unstable
economic results mark the company's financial state of affairs. yet with a
positive result in the 2014 (r.o.e. 2,9%). Upward trend as to the turnover in the
last financial year (+12,93%).
The
operating result was positive in the last financial year (1,21%) falling within
the field's average.
The
amount of the operating result is equal to Eur. 5.488.810 increasing if
compared to the yeart 2013.
A
gross operating margine for a value of Eur. 21.108.082 was reached. growing by
more then 100% if compared to the year before.
The
company has an excellent net worth if compared to its debts, with a low
indebtedness (0,48)
It's
shareholders funds amount to Eur. 101.741.792 , unchanged as opposed to the
preceding year.
During
the last financial year debts totalled Eur. 339.199.734 (Eur. 237.565.000 of
which were m/l term debts) with no important change.
Both
financial indebtedness and suppliers exposure are rather high anyway better
than the field's average.
It
shows a good range of liquidity.
On
average trade credits are collected in 26,55 days. , shorter than the sector's
average.
As
far as the cash flow is concerned during the latest financial year it amounted
to Eur. 18.021.810
In
the last financial year labour cost was of Eur. 33.436.312, with a 8,95%
incidence on total costs of production. and a 9,09% incidence on sales volumes.
Financial
charges have a limited incidence (-0,22%) on sales volume.
|
|
Complete
balance-sheet for the year |
al
31/08/2014 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
367.758.983 |
|
Profit
(Loss) for the period |
2.947.797 |
|
|
Complete
balance-sheet for the year |
al
31/08/2013 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
325.625.538 |
|
Profit
(Loss) for the period |
-27.127.610 |
|
|
Complete
balance-sheet for the year |
al
31/08/2012 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
281.470.831 |
|
Profit
(Loss) for the period |
-13.229.956 |
|
|
Complete
balance-sheet for the year |
al
31/08/2011 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
273.435.721 |
|
Profit
(Loss) for the period |
-8.885.127 |
|
|
Complete
balance-sheet for the year |
al
31/08/2010 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
263.158.668 |
|
Profit
(Loss) for the period |
-7.141.157 |
From
our constant monitoring of the relevant Public Administration offices, no more
recent balance sheets result to have been filed.
|
-
Balance Sheet as at 31/08/2014 - 12 Mesi - Currency: - Amounts x 1 |
|
-
Balance Sheet as at 31/08/2013 - 12 Mesi - Currency: - Amounts x 1 |
|
-
Balance Sheet as at 31/08/2012 - 12 Mesi - Currency: - Amounts x 1 |
|
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|
RATIOS |
Value
Type |
as
at 31/08/2014 |
as
at 31/08/2013 |
as
at 31/08/2012 |
Sector
Average |
|
COMPOSITION
ON INVESTMENT |
|||||
|
Rigidity
Ratio |
Units |
0,53 |
0,53 |
0,55 |
0,24 |
|
Elasticity
Ratio |
Units |
0,47 |
0,47 |
0,45 |
0,75 |
|
Availability
of stock |
Units |
0,05 |
0,06 |
0,05 |
0,26 |
|
Total
Liquidity Ratio |
Units |
0,43 |
0,41 |
0,41 |
0,44 |
|
Quick
Ratio |
Units |
0,31 |
0,29 |
0,29 |
0,01 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net
Short-term indebtedness |
Units |
0,48 |
n.c. |
n.c. |
2,16 |
|
Self
Financing Ratio |
Units |
0,22 |
0,23 |
0,27 |
0,24 |
|
Capital
protection Ratio |
Units |
0,48 |
0,78 |
0,72 |
0,73 |
|
Liabilities
consolidation quotient |
Units |
2,37 |
2,78 |
2,93 |
0,24 |
|
Financing |
Units |
3,33 |
3,26 |
2,56 |
2,80 |
|
Permanent
Indebtedness Ratio |
Units |
0,75 |
0,78 |
0,80 |
0,41 |
|
M/L
term Debts Ratio |
Units |
0,53 |
0,55 |
0,52 |
0,11 |
|
Net
Financial Indebtedness Ratio |
Units |
1,93 |
1,13 |
0,87 |
1,27 |
|
CORRELATION |
|||||
|
Fixed
assets ratio |
Units |
1,44 |
1,47 |
1,46 |
1,70 |
|
Current
ratio |
Units |
2,11 |
2,34 |
2,53 |
1,26 |
|
Acid
Test Ratio-Liquidity Ratio |
Units |
1,91 |
2,05 |
2,26 |
0,83 |
|
Structure's
primary quotient |
Units |
0,43 |
0,43 |
0,50 |
1,05 |
|
Treasury's
primary quotient |
Units |
1,40 |
1,45 |
1,61 |
0,02 |
|
Rate
of indebtedness ( Leverage ) |
% |
446,03 |
437,27 |
367,10 |
409,15 |
|
Current
Capital ( net ) |
Value |
112.899.898 |
122.592.166 |
132.501.978 |
585.650 |
|
RETURN |
|||||
|
Return
on Sales |
% |
4,90 |
-2,32 |
0,60 |
3,38 |
|
Return
on Equity - Net- ( R.O.E. ) |
% |
2,90 |
-25,91 |
-10,04 |
4,44 |
|
Return
on Equity - Gross - ( R.O.E. ) |
% |
3,73 |
-25,05 |
-5,55 |
13,50 |
|
Return
on Investment ( R.O.I. ) |
% |
1,21 |
-3,93 |
-3,34 |
4,84 |
|
Return/
Sales |
% |
1,49 |
-5,53 |
-5,73 |
4,43 |
|
Extra
Management revenues/charges incid. |
% |
53,71 |
n.c. |
n.c. |
34,26 |
|
Cash
Flow |
Value |
18.021.810 |
-7.566.467 |
1.700.365 |
187.403 |
|
Operating
Profit |
Value |
5.488.810 |
-18.011.855 |
-16.139.508 |
213.008 |
|
Gross
Operating Margin |
Value |
21.108.082 |
2.728.066 |
-228.147 |
336.914 |
|
MANAGEMENT |
|||||
|
Credits
to clients average term |
Days |
26,55 |
30,46 |
34,24 |
104,44 |
|
Debts
to suppliers average term |
Days |
93,37 |
98,47 |
106,10 |
122,62 |
|
Average
stock waiting period |
Days |
20,43 |
29,63 |
29,30 |
90,71 |
|
Rate
of capital employed return ( Turnover ) |
Units |
0,81 |
0,71 |
0,58 |
1,05 |
|
Rate
of stock return |
Units |
17,62 |
12,15 |
12,29 |
3,92 |
|
Labour
cost incidence |
% |
9,09 |
9,03 |
10,23 |
17,51 |
|
Net
financial revenues/ charges incidence |
% |
-0,22 |
2,24 |
3,59 |
-1,60 |
|
Labour
cost on purchasing expenses |
% |
8,95 |
8,20 |
9,46 |
17,77 |
|
Short-term
financing charges |
% |
2,99 |
3,32 |
3,24 |
2,97 |
|
Capital
on hand |
% |
123,40 |
140,58 |
171,91 |
94,78 |
|
Sales
pro employee |
Value |
352.259 |
354.711 |
453.985 |
202.615 |
|
Labour
cost pro employee |
Value |
32.027 |
32.033 |
46.456 |
33.583 |
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 |
:
|
838.732 |
|
Population
living in the region |
:
|
4.699.950 |
|
Number
of families in the region |
:
|
1.813.210 |
Monthly
family expences average in the region (in Eur..) :
|
-
per food products |
:
|
456 |
|
-
per non food products |
:
|
2.052 |
|
-
per energy consume |
:
|
127 |
The
values are calculated on a base of 448 significant companies.
The
companies cash their credits on an average of 104 dd.
The
average duration of suppliers debts is about 123 dd.
The
sector's profitability is on an average of 3,38%.
The
labour cost affects the turnover in the measure of 17,51%.
Goods
are held in stock in a range of 91 dd.
The
difference between the sales volume and the resources used to realize it is
about 1,05.
The
employees costs represent the 17,77% of the production costs.
Statistcally
the trade activity shows periods of crisis.
The
area is statistically considered lowly risky.
In
the region 13.782 protested subjects are found; in the province they count to
2.280.
The
insolvency index for the region is 0,30, , while for the province it is 0,28.
Total
Bankrupt companies in the province : 3.317.
Total
Bankrupt companies in the region : 16.714.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.96 |
|
|
1 |
Rs.99.55 |
|
Euro |
1 |
Rs.71.62 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
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.