|
Report No. : |
340830 |
|
Report Date : |
12.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
PAIMEX S.R.L. |
|
|
|
|
Registered Office : |
Via Della
Repubblica, 1/3/7 50050 - Cerreto Guidi (FI) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
22.07.2010 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Manufacture of
textile articles n.e.c. |
|
|
|
|
No. of Employees : |
22 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
|
Paimex S.r.l. |
|
Via Della
Repubblica, 1/3/7 |
|
50050 - Cerreto
Guidi (FI) -IT- |
|
Fiscal Code |
: |
06080820480 |
|
Legal Form |
: |
Limited liability
company |
|
start of
Activities |
: |
04/10/2010 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
9.000.000/10.000.000 |
|
Number of
Employees |
: |
from 16 to 25 |
Manufacture of
textile articles n.e.c.
Legal Form : Limited
liability company
|
Fiscal Code :
06080820480 |
|
Chamber of
Commerce no. : 598660 of Firenze since 09/08/2010 |
|
V.A.T. Code :
06080820480 |
|
Establishment
date |
: 22/07/2010 |
|
|
Start of
Activities |
: 04/10/2010 |
|
|
Legal duration |
: 31/12/2040 |
|
|
Nominal Capital |
: 100.000 |
|
|
Subscribed
Capital |
: 100.000 |
|
|
Paid up Capital |
: 100.000 |
|
Legal mail : |
INFO@PEC.PAIMEX.IT |
|
Papini |
Rossano |
|
Born in Cerreto
Guidi |
(FI) |
on 13/04/1953 |
- Fiscal Code : PPNRSN53D13C529T |
|
Residence: |
Torribina |
, 49 |
- 50050 |
Cerreto Guidi |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Assistant board
Chairman |
22/07/2010 |
|
No Prejudicial
events are reported |
|
No Protests
registered |
|
Meacci |
Loriana |
|
Born in Cerreto
Guidi |
(FI) |
on 13/10/1955 |
- Fiscal Code :
MCCLRN55R53C529D |
|
Residence: |
Torribina |
, 49 |
- 50050 |
Cerreto Guidi |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
22/07/2010 |
|
No Prejudicial
events are reported |
|
No Protests
registered |
|
Papini |
Denise |
|
Born in
Fucecchio |
(FI) |
on 04/01/1977 |
- Fiscal Code :
PPNDNS77A44D815X |
|
Residence: |
Torribina |
, 49 |
- 50050 |
Cerreto Guidi |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/06/2014 |
|
Papini |
Gabriele |
|
Born in Empoli |
(FI) |
on 31/07/1986 |
- Fiscal Code :
PPNGRL86L31D403K |
|
Residence: |
Torribina |
, 49 |
- 50050 |
Cerreto Guidi |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
22/07/2010 |
|
Papini |
Giacomo |
|
Born in Empoli |
(FI) |
on 31/07/1986 |
- Fiscal Code :
PPNGCM86L31D403I |
|
Residence: |
Torribina |
, 49 |
- 50050 |
Cerreto Guidi |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
22/07/2010 |
*checkings have
been performed on a national scale.
In this module are
listed the companies in which members hold or have holded positions.
|
Papini |
Rossano |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Paimex Italia
Hld S.r.l. |
Cerreto Guidi
(FI) - IT - |
02140460482 |
Chairman |
Active |
Registered |
|
Meacci |
Loriana |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Paimex Italia
Hld S.r.l. |
Cerreto Guidi
(FI) - IT - |
02140460482 |
Managing
Director |
Active |
Registered |
The indication
"REGISTERED" as Firm Status could refer to Firms in Liquidation,
Active, Inactive.
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 |
|
Papini Rossano |
Cerreto Guidi -
IT - |
PPNRSN53D13C529T |
35.000 .Eur |
35,00 |
|
Meacci Loriana |
Cerreto Guidi -
IT - |
MCCLRN55R53C529D |
35.000 .Eur |
35,00 |
|
Papini Denise |
Cerreto Guidi -
IT - |
PPNDNS77A44D815X |
5.000 .Eur |
5,00 |
|
Papini Gabriele |
Cerreto Guidi -
IT - |
PPNGRL86L31D403K |
12.500 .Eur |
12,50 |
|
Papini Giacomo |
Cerreto Guidi -
IT - |
PPNGCM86L31D403I |
12.500 .Eur |
12,50 |
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 |
|
Della Repubblica |
, 1/3/7 |
- 50050 |
- Cerreto Guidi |
(FI) |
- IT - |
|
Legal mail |
:
INFO@PEC.PAIMEX.IT |
|
- |
Branch |
(Store) |
since 04/10/2010 |
|
Torribina |
, 53 |
- 50050 |
- Cerreto Guidi |
(FI) |
- IT - |
|
Employees |
: 22 |
|
Fittings and
Equipment for a value of 190.000 |
Eur |
|
Stocks for a
value of 410.000 |
Eur |
-
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.
The firm operates
with:
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
CASSA RISP.
FIRENZE SPA |
FUCECCHIO |
PIAZZA
MONTANELLI 27 |
50054 |
Fucecchio |
6160 |
37870 |
|
Cassa Risparmio
Lucca Pisa Livorno |
Fucecchio |
VIA ROMA, 40/42 |
50054 |
Fucecchio |
6200 |
37870 |
Company's starting
of activities dates back to some years ago (2010).
The analysis is
based on the latest 3 balance sheets.
Under an economic
point of view, profits were registered during the last years with a r.o.e. of 32,78%
in 2014 and during the last financial year an increase in sales volume was
registered (+15,32% in 2014).
The operating
result in 2014 was positive (21,75%) and is higher than the sector's average.
An operating
result of Eur. 1.197.656 has been registered. increasing if compared to the
yeart 2013.
The gross
operating margin of the latest financial year is of Eur. 1.376.903 with a
72,12% increase as opposed to the preceding year.
Very good
financial situation: shareholder's equity covers short-terms debts with an
indebtedness level equal to 0,99
The management
generated equity capital for an amount of Eur. 2.651.644 , increasing by 37,52%
if compared to the financial year 2013.
Total indebtedness
amounts to Eur. 3.135.991, on the same levels as the year before.
Moderate recourse
to bank credit while the exposure towards suppliers is rather high but lined up
with the field's average.
It shows a good
range of liquidity.
Accounts
receivable average term is high (136,93 days). within the average values of the
sector.
2014 financial
year closed with a cash flow of Eur. 1.030.421
During 2014
financial year labour costs amounted to Eur. 724.709, with a 8,63% incidence on
production costs. , whereas 7,68% is the incidence on sales revenues.
Financial charges have
a limited incidence (-0,14%) on sales volume.
|
Complete
balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
9.435.317 |
|
Profit (Loss)
for the period |
869.174 |
|
Complete balance-sheet
for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
8.181.192 |
|
Profit (Loss)
for the period |
431.910 |
|
Complete
balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
9.338.289 |
|
Profit (Loss)
for the period |
640.238 |
|
Complete
balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
8.032.326 |
|
Profit (Loss)
for the period |
218.188 |
|
Complete
balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.930.367 |
|
Profit (Loss)
for the period |
105.906 |
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. |
|||
|
. . Goodwill |
|||
|
. . Assets in
formation and advance paymen. |
|||
|
. . Other
intangible fixed assets |
4.467 |
||
|
. Total
Intangible Fixed Assets |
4.467 |
500 |
1.000 |
|
. TANGIBLE FIXED
ASSETS |
|||
|
. . Real estate |
|||
|
. . Plant and
machinery |
175.100 |
||
|
. . Industrial
and commercial equipment |
17.119 |
||
|
. . Other assets |
6.025 |
||
|
. . Assets under
construction and advances |
|||
|
. Total Tangible
fixed assets |
198.244 |
274.520 |
185.457 |
|
. 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 |
350 |
169.538 |
|
|
. . . . Within
12 months |
|||
|
. . . . Beyond
12 months |
350 |
||
|
. . . 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 |
350 |
||
|
. . . . Within
12 months |
|||
|
. . . . Beyond
12 months |
350 |
||
|
. . Other
securities |
|||
|
. . Own shares |
|||
|
. . . Total
nominal value |
|||
|
. Total financial
fixed assets |
350 |
281 |
169.538 |
|
Total fixed
assets |
203.061 |
275.301 |
355.995 |
|
CURRENT ASSETS |
|||
|
. INVENTORIES |
|||
|
. . Raw
materials and other consumables |
168.973 |
||
|
. . Work in
progress and semimanufactured |
168.095 |
||
|
. . Work in
progress on order |
|||
|
. . Finished
goods |
77.084 |
||
|
. . Advance
payments |
|||
|
. Total
Inventories |
414.152 |
405.300 |
220.400 |
|
. CREDITS NOT
HELD AS FIXED ASSETS |
|||
|
. . Within 12
months |
4.258.100 |
||
|
. . Beyond 12
months |
|||
|
. . Trade
receivables |
3.588.869 |
||
|
. . . . Within
12 months |
3.588.869 |
||
|
. . . . 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 |
279.563 |
||
|
. . . . Within
12 months |
279.563 |
||
|
. . . . Beyond
12 months |
|||
|
. . Receivables
for anticipated taxes |
230.017 |
||
|
. . . . Within
12 months |
230.017 |
||
|
. . . . Beyond
12 months |
|||
|
. . Receivables due
from third parties |
159.651 |
||
|
. . . . Within
12 months |
159.651 |
||
|
. . . . Beyond
12 months |
|||
|
. Total Credits
not held as fixed assets |
4.258.100 |
||
|
. FINANCIAL
ASSETS |
|||
|
. . Equity
invest. in subsidiary comp. |
|||
|
. . Equity
invest. in associated companies |
|||
|
. . Equity
invest. in holding companies |
|||
|
. . Other equity
investments |
7.950 |
||
|
. . Own shares |
|||
|
. . . Total
nominale value |
|||
|
. . Other
securities |
|||
|
. Total Financial
Assets |
7.950 |
4.500 |
|
|
. LIQUID FUNDS |
|||
|
. . Bank and
post office deposits |
509.350 |
||
|
. . Checks |
|||
|
. . Banknotes
and coins |
815 |
||
|
. Total Liquid
funds |
510.165 |
759.537 |
412.014 |
|
Total current
assets |
5.190.367 |
1.169.337 |
632.414 |
|
ADJUSTMENT
ACCOUNTS |
|||
|
. Discount on
loans |
|||
|
. Other
adjustment accounts |
113.513 |
1.958 |
470 |
|
Total
adjustments accounts |
113.513 |
1.958 |
470 |
|
TOTAL ASSETS |
5.506.941 |
1.446.596 |
988.879 |
|
LIABILITIES |
|||
|
STOCKHOLDERS'
EQUITY |
|||
|
. Capital stock |
100.000 |
100.000 |
100.000 |
|
. Additional
paid-in capital |
|||
|
. Revaluation
reserves |
|||
|
. Legal reserve |
69.812 |
48.217 |
16.205 |
|
. Reserve for
Own shares |
|||
|
. Statute
reserves |
916.115 |
307.889 |
|
|
. Other reserves |
1.226.428 |
1 |
|
|
. Accumulated
Profits (Losses) |
|||
|
. Profit( loss)
of the year |
1.255.404 |
863.816 |
1.280.474 |
|
. Advances on
dividends |
|||
|
. Partial loss
of the year Coverage |
|||
|
Total
Stockholders'Equity |
2.651.644 |
1.928.149 |
1.704.568 |
|
RESERVES FOR
RISKS AND CHARGES |
|||
|
. . Reserve for
employee termination indem. |
91.000 |
||
|
. . Taxation
fund, also differed |
|||
|
. . Other funds |
58.797 |
||
|
Total Reserves
for Risks and Charges |
149.797 |
133.193 |
98.993 |
|
Employee
termination indemnities |
196.401 |
167.768 |
151.716 |
|
ACCOUNTS PAYABLE |
|||
|
. . . . Within
12 months |
3.135.991 |
||
|
. . . . Beyond
12 months |
|||
|
. . 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 |
202.409 |
||
|
. . . . Within
12 months |
202.409 |
||
|
. . . . 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 |
2.568.387 |
||
|
. . . . Within
12 months |
2.568.387 |
||
|
. . . . 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 |
314.730 |
||
|
. . . . Within
12 months |
314.730 |
||
|
. . . . Beyond
12 months |
|||
|
. . Due to
social security and welfare inst. |
11.522 |
||
|
. . . . Within
12 months |
11.522 |
||
|
. . . . Beyond
12 months |
|||
|
. . Other
payables |
38.943 |
||
|
. . . . Within
12 months |
38.943 |
||
|
. . . . Beyond
12 months |
|||
|
Total accounts
payable |
3.135.991 |
||
|
ADJUSTMENT
ACCOUNTS |
|||
|
. Agio on loans |
|||
|
. Other
adjustment accounts |
480 |
1.007 |
|
|
Total adjustment
accounts |
480 |
1.007 |
|
|
TOTAL
LIABILITIES |
6.133.833 |
2.229.590 |
1.956.284 |
|
Third party
goods |
|||
|
Investment
accounts |
|||
|
Risk accounts |
|||
|
Civil and fiscal
norms relation |
|
VALUE OF
PRODUCTION |
|||
|
. Revenues from
sales and services |
9.435.317 |
8.181.192 |
9.338.289 |
|
. Changes in
work in progress |
129.588 |
45.063 |
-50.201 |
|
. Changes in
semi-manufact. products |
|||
|
. Capitalization
of internal work |
|||
|
. Other income
and revenues |
26.640 |
29.562 |
4.584 |
|
. . Contributions
for operating expenses |
|||
|
. . Different
income and revenues |
26.640 |
29.562 |
4.584 |
|
Total value of
production |
9.591.545 |
8.255.817 |
9.292.672 |
|
PRODUCTION COSTS |
|||
|
. Raw
material,other materials and consum. |
3.275.344 |
3.396.251 |
3.623.638 |
|
. Services
received |
|||
|
. Leases and
rentals |
4.130.534 |
3.397.506 |
3.632.873 |
|
. Payroll and
related costs |
724.709 |
657.538 |
658.405 |
|
. . Wages and
salaries |
515.865 |
403.640 |
417.809 |
|
. . Social security
contributions |
180.211 |
158.998 |
151.026 |
|
. . Employee
termination indemnities |
28.633 |
27.097 |
20.270 |
|
. . Pension and
similar |
|||
|
. . Other costs |
67.803 |
69.300 |
|
|
. Amortization
and depreciation |
161.247 |
96.874 |
150.168 |
|
. . Amortization
of intangible fixed assets |
2.733 |
500 |
500 |
|
. . Amortization
of tangible fixed assets |
92.560 |
81.174 |
65.030 |
|
. . Depreciation
of tangible fixed assets |
|||
|
. . Writedown of
current receiv.and of liquid |
65.954 |
15.200 |
84.638 |
|
. Changes in raw
materials |
-120.736 |
-139.837 |
114.849 |
|
. Provisions to
risk reserves |
|||
|
. Other
provisions |
18.000 |
19.000 |
17.000 |
|
. Other
operating costs |
204.791 |
144.393 |
108.819 |
|
Total production
costs |
8.393.889 |
7.571.725 |
8.305.752 |
|
Diff. between
value and cost of product. |
1.197.656 |
684.092 |
986.920 |
|
FINANCIAL INCOME
AND EXPENSE |
|||
|
. Income from
equity investments |
|||
|
. . In
subsidiary companies |
|||
|
. . In
associated companies |
|||
|
. . In other
companies |
|||
|
. Other
financial income |
5.373 |
7.526 |
425 |
|
. .
Financ.income from receivables |
|||
|
. . . Towards
subsidiary companies |
|||
|
. . . Towards
associated companies |
|||
|
. . . Towards
holding companies |
|||
|
. . . Towards
other companies |
|||
|
. .
Financ.income from secur. t.f.assets |
|||
|
. .
Financ.income from secur. cur.assets |
|||
|
. .
Financ.income other than the above |
5.373 |
7.526 |
425 |
|
. . . -
Subsidiary companies |
|||
|
. . . - Associated
companies |
|||
|
. . . - Holding
companies |
|||
|
. . . - Other
companies |
5.373 |
7.526 |
425 |
|
. Interest and
other financial expense |
-18.936 |
-41.790 |
-56.267 |
|
. . Towards
subsidiary companies |
|||
|
. . Towards associated
companies |
|||
|
. . Towards
holding companies |
|||
|
. . Towards
other companies |
18.936 |
41.790 |
56.267 |
|
Total financial
income and expense |
-13.563 |
-34.264 |
-55.842 |
|
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 |
7.701 |
19.149 |
30.967 |
|
. . Gains on
disposals |
433 |
||
|
. . Other extraordinary
income |
7.268 |
19.149 |
30.967 |
|
. Extraordinary
expense |
-13.624 |
-2.999 |
-1.350 |
|
. . Losses on
disposals |
-238 |
||
|
. . Taxes
relating to prior years |
|||
|
. . Other
extraordinary expense |
-13.386 |
-2.999 |
-1.350 |
|
Total extraordinary
income and expense |
-5.923 |
16.150 |
29.617 |
|
Results before
income taxes |
1.178.170 |
665.978 |
960.695 |
|
. Taxes on
current income |
308.996 |
234.068 |
320.457 |
|
. . current
taxes |
308.996 |
234.068 |
320.457 |
|
. . differed taxes(anticip.) |
|||
|
. Net income for
the period |
869.174 |
431.910 |
640.238 |
|
. Adjustments in
tax regulations pursuance |
|||
|
. Provisions in
tax regulations pursuance |
|||
|
. Profit (loss)
of the year |
869.174 |
431.910 |
640.238 |
|
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 |
0,04 |
0,19 |
0,36 |
0,24 |
|
Elasticity Ratio |
Units |
0,94 |
0,81 |
0,64 |
0,72 |
|
Availability of
stock |
Units |
0,08 |
0,28 |
0,22 |
0,19 |
|
Total Liquidity
Ratio |
Units |
0,87 |
0,53 |
0,42 |
0,45 |
|
Quick Ratio |
Units |
0,09 |
0,53 |
0,42 |
0,02 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term
indebtedness |
Units |
0,99 |
n.c. |
n.c. |
1,93 |
|
Self Financing
Ratio |
Units |
0,48 |
1,33 |
1,72 |
0,25 |
|
Capital
protection Ratio |
Units |
0,49 |
0,50 |
0,19 |
0,71 |
|
Liabilities
consolidation quotient |
Units |
0,06 |
n.c. |
n.c. |
0,23 |
|
Financing |
Units |
1,18 |
n.c. |
n.c. |
2,69 |
|
Permanent
Indebtedness Ratio |
Units |
0,52 |
1,45 |
1,88 |
0,42 |
|
M/L term Debts
Ratio |
Units |
0,04 |
0,12 |
0,15 |
0,10 |
|
Net Financial
Indebtedness Ratio |
Units |
0,00 |
0,00 |
0,00 |
1,12 |
|
CORRELATION |
|||||
|
Fixed assets
ratio |
Units |
14,03 |
7,61 |
5,21 |
1,56 |
|
Current ratio |
Units |
1,66 |
n.c. |
n.c. |
1,24 |
|
Acid Test
Ratio-Liquidity Ratio |
Units |
1,52 |
n.c. |
n.c. |
0,87 |
|
Structure's
primary quotient |
Units |
13,06 |
7,00 |
4,79 |
1,01 |
|
Treasury's primary
quotient |
Units |
0,17 |
n.c. |
n.c. |
0,04 |
|
Rate of
indebtedness ( Leverage ) |
% |
207,68 |
75,03 |
58,01 |
407,34 |
|
Current Capital
( net ) |
Value |
2.054.376 |
1.169.337 |
632.414 |
387.489 |
|
RETURN |
|||||
|
Return on Sales |
% |
10,92 |
6,46 |
8,46 |
2,88 |
|
Return on Equity
- Net- ( R.O.E. ) |
% |
32,78 |
22,40 |
37,56 |
2,51 |
|
Return on Equity
- Gross - ( R.O.E. ) |
% |
44,43 |
34,54 |
56,36 |
9,26 |
|
Return on
Investment ( R.O.I. ) |
% |
21,75 |
47,29 |
99,80 |
3,77 |
|
Return/ Sales |
% |
12,69 |
8,36 |
10,57 |
3,77 |
|
Extra Management
revenues/charges incid. |
% |
72,57 |
63,14 |
64,87 |
21,16 |
|
Cash Flow |
Value |
1.030.421 |
528.784 |
790.406 |
79.355 |
|
Operating Profit |
Value |
1.197.656 |
684.092 |
986.920 |
112.730 |
|
Gross Operating
Margin |
Value |
1.376.903 |
799.966 |
1.154.088 |
210.674 |
|
MANAGEMENT |
|||||
|
Credits to
clients average term |
Days |
136,93 |
n.c. |
n.c. |
117,72 |
|
Debts to
suppliers average term |
Days |
124,85 |
n.c. |
n.c. |
111,36 |
|
Average stock
waiting period |
Days |
15,80 |
17,83 |
8,50 |
76,26 |
|
Rate of capital
employed return ( Turnover ) |
Units |
1,71 |
5,66 |
9,44 |
1,01 |
|
Rate of stock
return |
Units |
22,78 |
20,19 |
42,37 |
4,65 |
|
Labour cost
incidence |
% |
7,68 |
8,04 |
7,05 |
14,67 |
|
Net financial
revenues/ charges incidence |
% |
-0,14 |
-0,42 |
-0,60 |
-1,77 |
|
Labour cost on
purchasing expenses |
% |
8,63 |
8,68 |
7,93 |
14,77 |
|
Short-term
financing charges |
% |
0,60 |
n.c. |
n.c. |
3,20 |
|
Capital on hand |
% |
58,37 |
17,68 |
10,59 |
98,20 |
|
Sales pro
employee |
Value |
428.878 |
409.059 |
466.914 |
213.243 |
|
Labour cost pro
employee |
Value |
32.941 |
32.876 |
32.920 |
32.119 |
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 |
: |
965.388 |
|
Population living
in the region |
: |
3.598.269 |
|
Number of
families in the region |
: |
1.474.681 |
Monthly family
expences average in the region (in Eur..) :
|
- per food
products |
: |
444 |
|
- per non food
products |
: |
2.009 |
|
- per energy
consume |
: |
122 |
The values are
calculated on a base of 1.146 significant companies.
The companies cash
their credits on an average of 118 dd.
The average
duration of suppliers debts is about 111 dd.
The sector's
profitability is on an average of 2,88%.
The labour cost
affects the turnover in the measure of 14,67%.
Goods are held in
stock in a range of 76 dd.
The difference
between the sales volume and the resources used to realize it is about 1,01.
The employees
costs represent the 14,77% of the production costs.
Statistically the
trade activity passes through serious crises.
The area is
statistically considered moderately risky.
In the region
24.960 protested subjects are found; in the province they count to 5.242.
The insolvency
index for the region is 0,70, , while for the province it is 0,55.
Total Bankrupt
companies in the province : 6.520.
Total Bankrupt
companies in the region : 20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.39 |
|
UK Pound |
1 |
Rs.102.59 |
|
Euro |
1 |
Rs.74.90 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TRU |
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.