MIPL-Logo

3decades

 

MIRA INFORM REPORT

 

 

Report No. :

497004

Report Date :

10.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

MORIAN S.R.L.

 

 

Registered Office :

Via Codebelli, 2 Vallalta, 41030 - Concordia Sulla Secchia  (MO)

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

03.01.1989

 

 

Legal Form :

Sole-Member Limited Liability Company

 

 

Line of Business :

·         Wholesale of textiles

·         Wholesale of haberdashery, threads, yarns and braiding

 

 

No. of Employees :

From 6 To 10

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

 

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Italy

A1

A1

 

Risk Category

 

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

ITALY - ECONOMIC OVERVIEW

 

Italy’s economy compromises a developed industrial north, dominated by private companies, and a less-developed, highly subsidized, agricultural south, with a legacy of unemployment and underdevelopment. 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, reaching 131% of GDP in 2017. 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 records. The government still faces pressure from investors and European partners to sustain its efforts to address Italy's longstanding structural economic problems, including labor market inefficiencies, a sluggish judicial system, and a weak banking sector. Italy’s economy returned to modest growth in late 2014 for the first time since 2011. In 2015-16, Italy’s economy grew at about 1% each year, and in 2017 growth accelerated to 1.5% of GDP. In 2017, overall unemployment was 11.4%, but youth unemployment remained high at 37.1%.

 

Source : CIA

 

 

Company name & address

 

MORIAN S.R.L.

Via Codebelli, 2 Vallalta

41030 - Concordia Sulla Secchia  (MO) -IT-

 

 

Summary

 

Fiscal Code

:

01877820363

Legal Form

:

Sole-Member Limited Liability Company

start of Activities

:

26/09/1989

Equity

:

1.500.000

Turnover Range

:

7.750.000/9.000.000

Number of Employees

:

From 6 To 10

 

 

Activity

 

Wholesale of textiles

Wholesale of haberdashery, threads, yarns and braiding

 

Legal Data

 

Legal Form : Sole-Member Limited Liability Company

Fiscal Code : 01877820363

 

Foreign Trade Reg. no. : MO009231 since 08/01/1992

 

Foreign Trade Reg. no. : 508226 of Modena

 

Chamber of Commerce no. : 248973 of Modena since 24/01/1989

 

V.A.T. Code : 01877820363

 

Tribunal Co. Register : 30023 of since 20/01/1989

 

Foundation date

: 03/01/1989

Establishment date

: 03/01/1989

Start of Activities

: 26/09/1989

Legal duration

: 31/12/2030

Nominal Capital

: 46.800

Subscribed Capital

: 46.800

Paid up Capital

: 46.800

 

Legal mail :

MORIAN@PEC.MORIAN.IT

Members

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.864\Verde.gif

Morselli

Roberto

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.864\Vuoto.gif

Born in Concordia sulla Secchia

(MO)

on 01/04/1965

- Fiscal Code : MRSRRT65D01C951Q

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.864\Vuoto.gif

Residence:

Codebelli

, 2

- 41033

Concordia sulla Secchia

(MO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Sole Director

26/02/1997

Sole partner

19/12/2005

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.864\Vuoto.gif

No Prejudicial events are reported

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.864\Vuoto.gif

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.

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.864\Verde.gif

Morselli

Roberto

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Tre Emme Snc Di Morselli Roberto E C.

Concordia sulla Secchia (MO) - IT -

03444640365

Partner

Active

Registered

Ro.ma. S.r.l.

Concordia sulla Secchia (MO) - IT -

03748000365

Sole Director

Active

Registered

Ro.ma. S.r.l.

Concordia sulla Secchia (MO) - IT -

03748000365

Sole partner

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

Morselli Roberto

Concordia sulla Secchia - IT -

MRSRRT65D01C951Q

100,00

 

Direct Participations

 

The Company under review has no participations in other Companies.


Firm's location and structure

 

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

 

-

Legal and operative seat

since 26/09/1989

 

Codebelli

, 2

- 41033

- Concordia sulla Secchia

(MO)

- IT -

 

Total Surface: 120 Sq.mt.

 

PHONE

: 053540510

 

Legal mail

: MORIAN@PEC.MORIAN.IT

 

-

Branch

(Store)

since 01/07/2008

 

G. Di Vittorio

, 7

- 41033

- Concordia sulla Secchia

(MO)

- IT -

 

-

Branch

(Store)

since 01/11/2014

 

Novella

, 32/34

- 41033

- Concordia sulla Secchia

(MO)

- IT -

 

Employees

: 9

 

Assistants

: 1

 

Fittings and Equipment for a value of 98.000

Eur

 

Stocks for a value of 1.010.000

Eur

 

The firm operates abroad as importer / exporter..

To purchase foreign products the firm uses the following channels :

- direct orders to foreign companies

Export represents up to 20% of the global turnover.

Products abroad are placed by :

- direct orders from foreign companies

 

Import comes generally from the following nations:

- Austria

 

- Cyprus

 

Export is mainly towards:

- Austria

 

- Cyprus

 

 

Historical Information and/or Firm's Status

 

CHANGES TO THE LEGAL FORM:

 

Former legal form

New legal form

Changement Date

General partnership

Limited liability company

26/09/1989

 

CEASINGS/INCORPORATIONS/MERGES:

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.864\Verde.gif

Splitting-up project and setting-up of new co

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.864\Vuoto.gif

Date

Merging/Splitting-up Project-New Company:

30/12/2016

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.864\Verde.gif

Splitting-up and setting-up of a new company

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.864\Vuoto.gifRO.MA. S.R.L.

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.864\Vuoto.gif

, Concordia Sulla Secchia

- IT -

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.864\Vuoto.gif

Date

Splitting-up:

19/04/2017

 

Protests

 

Protests checking on the subject firm has given a negative result.

 

Data Base Prejudicial Events Search

 

Search performed on a National Scale

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.864\Verde.gif

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.

 

National Real Estates Survey

 

The requested subject is not present c/o the CADASTRE OFFICES.

 

All responsibilities are declined regarding any possible omissions concerning the given results. Therefore, we advise to request for "Hypothecating Survey Inspection" c/o the locally competent RR.II. Immovables Registry, as this service doesn't fully guarantees the actual title of the Real Estates of the requested Subject.

 

Financial and Economical Analysis

 

Company's starting of activities dates back to 1989.

The eonomic-financial analysis is based on the latest 3 b/s.

During the last years, it achieved profits (r.o.e. 7,42% on 2016) with a stable trend in the turnover.

The operating result in 2016 was positive (4,52%) falling within the field's average.

The amount of the operating result is equal to Eur. 197.863 with a -25,62% drop.

The G.O.M. amounted to Eur. 257.005 , stable if compared to the year before.

Company's financial status is balanced since indebtedness is not high (1,78) yet on the increase as against the previous accounting period.

With regard to equity capital, an amount of Eur. 1.339.828 is registered. , unchanged as opposed to the preceding year.

During the last financial year debts totalled Eur. 2.938.219 (Eur. 555.530 of which were m/l term debts) , a more or less stable value.

Available funds are good.

2016 financial year closed with a cash flow of Eur. 158.530

Labour cost expenses amount to Eur. 225.175 , representing 2,74% on the total of production costs. , whereas the incidence of such costs on sales revenues is equal to 2,7%.

The financial management has a limited economic impact, equal to -0,58% on the sales.

 

Financial Data

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.864\Verde.gif

Complete balance-sheet for the year

al 31/12/2016

(in Eur

x 1)

 

Item Type

Value

Sales

8.336.664

Profit (Loss) for the period

99.388

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.864\Verde.gif

Complete balance-sheet for the year

al 31/12/2015

(in Eur

x 1)

 

Item Type

Value

Sales

7.809.443

Profit (Loss) for the period

110.771

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.864\Verde.gif

Complete balance-sheet for the year

al 31/12/2014

(in Eur

x 1)

 

Item Type

Value

Sales

8.380.152

Profit (Loss) for the period

105.082

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.864\Verde.gif

Complete balance-sheet for the year

al 31/12/2013

(in Eur

x 1)

 

Item Type

Value

Sales

6.977.109

Profit (Loss) for the period

67.642

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.864\Verde.gif

Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

 

Item Type

Value

Sales

7.607.592

Profit (Loss) for the period

60.885

 

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 31/12/2016 - 12 Mesi - Currency: - Amounts x 1

 

- Balance Sheet as at 31/12/2015 - 12 Mesi - Currency: - Amounts x 1

 

- Balance Sheet as at 31/12/2014 - 12 Mesi - Currency: - Amounts x 1

 

Years

2016

2015

2014

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

1.500

2.100

1.200

. TANGIBLE FIXED ASSETS

. . Real estate

. . Plant and machinery

. . Industrial and commercial equipment

. . Other assets

. . Assets under construction and advances

. Total Tangible fixed assets

318.323

300.908

299.598

. 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

. . . . 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

. . Own shares

. . . Total nominal value

. Total financial fixed assets

Total fixed assets

319.823

303.008

300.798

CURRENT ASSETS

. INVENTORIES

. . Raw materials and other consumables

. . Work in progress and semimanufactured

. . Work in progress on order

. . Finished goods

859.080

. . Advance payments

. Total Inventories

1.008.002

859.080

772.752

. CREDITS NOT HELD AS FIXED ASSETS

. . Within 12 months

3.042.488

3.107.120

3.468.314

. . Beyond 12 months

. . Trade receivables

2.912.797

. . . . Within 12 months

2.912.797

. . . . 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

80.951

. . . . Within 12 months

80.951

. . . . Beyond 12 months

. . Receivables for anticipated taxes

4.821

. . . . Within 12 months

4.821

. . . . Beyond 12 months

. . Receivables due from third parties

108.551

. . . . Within 12 months

108.551

. . . . Beyond 12 months

. Total Credits not held as fixed assets

3.042.488

3.107.120

3.468.314

. 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

1.330

. LIQUID FUNDS

. . Bank and post office deposits

182

. . Checks

. . Banknotes and coins

10

. Total Liquid funds

710

192

7

Total current assets

4.052.530

3.966.392

4.241.073

ADJUSTMENT ACCOUNTS

. Discount on loans

. Other adjustment accounts

3.253

1.788

Total adjustments accounts

3.253

1.788

500

TOTAL ASSETS

4.375.606

4.271.188

4.542.371

LIABILITIES

STOCKHOLDERS' EQUITY

. Capital stock

46.800

46.800

46.800

. Additional paid-in capital

. Revaluation reserves

. Legal reserve

9.360

9.360

9.360

. Reserve for Own shares

. Statute reserves

. Other reserves

1.184.280

1.073.505

968.427

. Accumulated Profits (Losses)

. Profit( loss) of the year

99.388

110.771

105.082

. Advances on dividends

. Partial loss of the year Coverage

Total Stockholders'Equity

1.339.828

1.240.436

1.129.669

RESERVES FOR RISKS AND CHARGES

. . Reserve for employee termination indem.

. . Taxation fund, also differed

. . Other funds

Total Reserves for Risks and Charges

Employee termination indemnities

95.874

82.995

78.814

ACCOUNTS PAYABLE

. . . . Within 12 months

2.384.019

2.120.453

2.797.344

. . . . Beyond 12 months

554.200

824.273

515.958

. . Bonds

. . . . Within 12 months

. . . . Beyond 12 months

. . Convertible bonds repayable

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to shareholders for financing

132.911

. . . . Within 12 months

132.911

. . . . Beyond 12 months

. . Due to banks

2.358.911

. . . . Within 12 months

1.534.638

. . . . Beyond 12 months

824.273

. . Due to other providers of finance

. . . . Within 12 months

. . . . Beyond 12 months

. . Advances from customers

. . . . Within 12 months

. . . . Beyond 12 months

. . Trade payables

342.241

. . . . Within 12 months

342.241

. . . . 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

22.757

. . . . Within 12 months

22.757

. . . . Beyond 12 months

. . Due to social security and welfare inst.

. . . . Within 12 months

. . . . Beyond 12 months

. . Other payables

87.906

. . . . Within 12 months

87.906

. . . . Beyond 12 months

Total accounts payable

2.938.219

2.944.726

3.313.302

ADJUSTMENT ACCOUNTS

. Agio on loans

. Other adjustment accounts

1.685

3.031

Total adjustment accounts

1.685

3.031

20.586

TOTAL LIABILITIES

4.375.606

4.271.188

4.542.371

 

 

 

 

 

MEMORANDUM ACCOUNTS

 

Third party goods

Investment accounts

Risk accounts

Civil and fiscal norms relation

 

 

 

 

 

PROFIT AND LOSS ACCOUNTS

 

VALUE OF PRODUCTION

. Revenues from sales and services

8.336.664

7.809.443

8.380.152

. Changes in work in progress

. Changes in semi-manufact. products

. Capitalization of internal work

. Other income and revenues

76.435

62.516

92.167

. . Contributions for operating expenses

. . Different income and revenues

76.435

62.516

92.167

Total value of production

8.413.099

7.871.959

8.472.319

PRODUCTION COSTS

. Raw material,other materials and consum.

7.459.695

6.842.986

6.998.844

. Services received

456.971

597.442

. Leases and rentals

43.047

555.878

36.844

. Payroll and related costs

225.175

201.511

201.778

. . Wages and salaries

165.447

146.201

. . Social security contributions

45.630

44.110

. . Employee termination indemnities

14.098

11.200

. . Pension and similar

. . Other costs

. Amortization and depreciation

59.142

40.062

48.248

. . Amortization of intangible fixed assets

600

600

300

. . Amortization of tangible fixed assets

43.832

24.825

31.325

. . Depreciation of tangible fixed assets

. . Writedown of current receiv.and of liquid

14.710

14.637

16.623

. Changes in raw materials

-148.923

-86.328

256.823

. Provisions to risk reserves

. Other provisions

. Other operating costs

120.129

51.800

39.826

Total production costs

8.215.236

7.605.909

8.179.805

Diff. between value and cost of product.

197.863

266.050

292.514

FINANCIAL INCOME AND EXPENSE

. Income from equity investments

. . In subsidiary companies

. . In associated companies

. . In other companies

. Other financial income

48

6.167

. . 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

48

6.167

. . Financ.income other than the above

. . . - Subsidiary companies

. . . - Associated companies

. . . - Holding companies

. . . - Other companies

. Interest and other financial expense

-48.027

-113.872

-128.842

. . Towards subsidiary companies

. . Towards associated companies

. . Towards holding companies

. . Towards other companies

-48.027

-113.872

-128.842

Total financial income and expense

-47.979

-107.705

-128.842

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

5.301

9.023

. . Gains on disposals

. . Other extraordinary income

5.301

9.023

. Extraordinary expense

-3.632

-212

. . Losses on disposals

. . Taxes relating to prior years

. . Other extraordinary expense

-3.632

-212

Total extraordinary income and expense

1.669

8.811

Results before income taxes

149.884

160.014

172.483

. Taxes on current income

50.496

49.243

67.401

. . current taxes

50.958

46.614

64.848

. . differed taxes(anticip.)

2.629

2.553

. Net income for the period

99.388

110.771

105.082

. Adjustments in tax regulations pursuance

. Provisions in tax regulations pursuance

. Profit (loss) of the year

99.388

110.771

105.082

 

 

RATIOS

Value Type

as at 31/12/2016

as at 31/12/2015

as at 31/12/2014

Sector Average

COMPOSITION ON INVESTMENT

Rigidity Ratio

Units

0,07

0,07

0,07

0,09

Elasticity Ratio

Units

0,93

0,93

0,93

0,89

Availability of stock

Units

0,23

0,20

0,17

0,26

Total Liquidity Ratio

Units

0,70

0,73

0,76

0,54

Quick Ratio

Units

0,00

0,00

0,00

0,03

COMPOSITION ON SOURCE

Net Short-term indebtedness

Units

1,78

1,71

2,48

3,95

Self Financing Ratio

Units

0,31

0,29

0,25

0,17

Capital protection Ratio

Units

0,89

0,87

0,87

0,62

Liabilities consolidation quotient

Units

0,27

0,43

0,21

0,10

Financing

Units

2,19

2,37

2,93

4,85

Permanent Indebtedness Ratio

Units

0,46

0,50

0,38

0,29

M/L term Debts Ratio

Units

0,15

0,21

0,13

0,07

Net Financial Indebtedness Ratio

Units

n.c.

2,01

n.c.

1,04

CORRELATION

Fixed assets ratio

Units

6,23

7,09

5,73

2,37

Current ratio

Units

1,70

1,87

1,52

1,18

Acid Test Ratio-Liquidity Ratio

Units

1,28

1,47

1,24

0,80

Structure's primary quotient

Units

4,19

4,09

3,76

1,48

Treasury's primary quotient

Units

0,00

0,00

0,00

0,04

Rate of indebtedness ( Leverage )

%

326,58

344,33

402,10

602,26

Current Capital ( net )

Value

1.669.841

1.845.939

1.443.729

191.984

RETURN

Return on Sales

%

1,90

1,93

1,83

2,03

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

%

7,42

8,93

9,30

6,31

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

%

11,19

12,90

15,27

17,00

Return on Investment ( R.O.I. )

%

4,52

6,23

6,44

4,18

Return/ Sales

%

2,37

3,41

3,49

3,46

Extra Management revenues/charges incid.

%

50,23

41,64

35,92

27,96

Cash Flow

Value

158.530

150.833

153.330

44.823

Operating Profit

Value

197.863

266.050

292.514

74.603

Gross Operating Margin

Value

257.005

306.112

340.762

111.383

MANAGEMENT

Credits to clients average term

Days

n.c.

134,27

n.c.

113,70

Debts to suppliers average term

Days

n.c.

16,65

n.c.

118,14

Average stock waiting period

Days

43,53

39,60

33,20

72,90

Rate of capital employed return ( Turnover )

Units

1,91

1,83

1,84

1,25

Rate of stock return

Units

8,27

9,09

10,84

4,88

Labour cost incidence

%

2,70

2,58

2,41

8,14

Net financial revenues/ charges incidence

%

-0,58

-1,38

-1,54

-1,38

Labour cost on purchasing expenses

%

2,74

2,65

2,47

8,25

Short-term financing charges

%

1,63

3,87

3,89

2,76

Capital on hand

%

52,49

54,69

54,20

79,85

Sales pro employee

Value

1.190.952

1.301.573

1.396.692

397.742

Labour cost pro employee

Value

32.167

33.585

33.630

33.267

 

 

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

:

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.864\Spazio.gif659.925

Population living in the region

:

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.864\Spazio.gif4.151.369

Number of families in the region

:

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.864\Spazio.gif1.748.359

 

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

 

- per food products

:

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.864\Spazio.gif425

- per non food products

:

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.864\Spazio.gif2.063

- per energy consume

:

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.864\Spazio.gif143

 

Sector Data

 

The values are calculated on a base of 9.175 significant companies.

The companies cash their credits on an average of 114 dd.

The average duration of suppliers debts is about 118 dd.

The sector's profitability is on an average of 2,03%.

The labour cost affects the turnover in the measure of 8,14%.

Goods are held in stock in a range of 73 dd.

The difference between the sales volume and the resources used to realize it is about 1,25.

The employees costs represent the 8,25% of the production costs.

 

Statistical Detrimental Data

 

Statistically the trade activity passes through serious crises.

The area is statistically considered lowly risky.

In the region 18.860 protested subjects are found; in the province they count to 3.557.

The insolvency index for the region is 0,46, , while for the province it is 0,55.

Total Bankrupt companies in the province : 2.526.

Total Bankrupt companies in the region : 14.698.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 65.07

UK Pound

1

INR 89.85

Euro

1

INR 80.16

Euro

1

INR 80.00

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRA

 

 

Report Prepared by :

TPT

 

 

RATING EXPLANATIONS

 

Credit Rating

 

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

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.