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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

496256

Report Date :

19.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

HYDROVER S.R.L.

 

 

Registered Office :

Via Torrette, 65, 12010 – Bernezzo (CN)

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

02.05.1995

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of Other Pumps and Compressors

 

 

No. of Employees :

From 16 To 25

 

 

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+

Low Risk

Business dealings permissible with low risk of default

 

Status :

Excellent

 

 

Payment Behaviour :

Regular

 

 

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

 

HYDROVER S.R.L.

Via Torrette, 65

12010 – Bernezzo (CN) -IT-

 

 

Summary

 

Fiscal Code

:

02449930045

Legal Form

:

Limited Liability Company

start of Activities

:

02/05/1995

Equity

:

2.500.000

Turnover Range

:

3.750.000/5.000.000

Number of Employees

:

From 16 To 25

 

 

Activity

 

Manufacture of other pumps and compressors

 

Legal Data

 

Legal Form : Limited liability company

Register of Handcraft firms : 63807 of Cuneo

 

Fiscal Code : 02449930045

 

Chamber of Commerce no. : 176832 of Cuneo since 05/12/1996

 

V.A.T. Code : 02449930045

 

Establishment date

: 02/05/1995

Start of Activities

: 02/05/1995

Legal duration

: 31/12/2050

Nominal Capital

: 10.000

Subscribed Capital

: 10.000

Paid up Capital

: 10.000

 

Legal mail :

HYDROVER@PEC.IT

 

Members

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.949\Verde.gif

Verra

Giorgio

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.949\Vuoto.gif

Born in Caraglio

(CN)

on 16/09/1948

- Fiscal Code : VRRGRG48P16B719B

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.949\Vuoto.gif

Residence:

Pasubio

, 3

- 12100

Dronero

(CN)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

26/02/2004

Board Chairman

26/02/2004

Managing Director

26/02/2004

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.949\Vuoto.gif

No Prejudicial events are reported

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.949\Vuoto.gif

No Protests registered

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.949\Verde.gif

Verra

Mauro

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.949\Vuoto.gif

Born in Cuneo

(CN)

on 31/05/1968

- Fiscal Code : VRRMRA68E31D205H

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.949\Vuoto.gif

Residence:

San Maurizio

, 1

- 12100

Cuneo

(CN)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

26/02/2004

Managing Director

26/02/2004

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.949\Vuoto.gif

No Prejudicial events are reported

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.949\Vuoto.gif

No Protests registered

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.949\Verde.gif

Marchio'

Marinella

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.949\Vuoto.gif

Born in Caraglio

(CN)

on 22/04/1962

- Fiscal Code : MRCMNL62D62B719C

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.949\Vuoto.gif

Residence:

Pasubio

, 3

- 12025

Dronero

(CN)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

24/12/2013

 

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$EXa0.949\Verde.gif

Verra

Giorgio

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Verra Giorgio

Dronero (CN) - IT -

VRRGRG48P16B719B

Proprietor

Active

Registered

Immobiliare Mgm S.n.c. Di Verra GiorgioE C.

Bernezzo (CN) - IT -

03383730045

Partner

Active

Registered

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.949\Verde.gif

Verra

Mauro

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Immobiliare Mgm S.n.c. Di Verra GiorgioE C.

Bernezzo (CN) - IT -

03383730045

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

Verra Giorgio

Dronero - IT -

VRRGRG48P16B719B

6.000 .Eur

60,00

Verra Mauro

Cuneo - IT -

VRRMRA68E31D205H

4.000 .Eur

40,00

 

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

 

Torrette

, 65

- 12010

- Bernezzo

(CN)

- IT -

 

PHONE

: 0171857366

 

Legal mail

: HYDROVER@PEC.IT

 

Employees

: 18

 

Fittings and Equipment for a value of 190.000

Eur

 

Stocks for a value of 820.000

Eur

 

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$EXa0.949\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

 

The company is active since 1995

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

Under an economic point of view, profits were registered during the last years with a r.o.e. of 28,99% in 2016 thanks to a progressive increase in turnover (+7,36% in 2016 compared to 2015 and +4,89% in 2015 compared to 2014).

The operating result was positive in the last financial year (25,39%) and is higher than the sector's average.

The amount of the operating result is equal to Eur. 999.818 with no increase in relation to the financial year 2015.

A gross operating margine for a value of Eur. 1.091.781 was reached. with no sensible increase as against 2015.

From a financial aspect the company's status covers total short-term debts; the indebtedness volume in 2016 is in fact 0,28 lower than in 2015.

The equity capital is equal to Eur. 2.415.498 on stable levels.

The financial management has recorded total debts amounting to Eur. 1.453.208, on the same levels as the year before.

Available funds are good.

During financial year 2016 the cash flow amounted to Eur. 792.186

In the last financial year labour cost was of Eur. 833.751, with a 23,12% incidence on total costs of production. , with a 18,28% incidence on turnover.

Financial incomes cover financial charges.



Financial Data

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.949\Verde.gif

Complete balance-sheet for the year

al 31/12/2016

(in Eur

x 1)

 

Item Type

Value

Sales

4.560.946

Profit (Loss) for the period

700.223

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.949\Verde.gif

Complete balance-sheet for the year

al 31/12/2015

(in Eur

x 1)

 

Item Type

Value

Sales

4.248.179

Profit (Loss) for the period

617.362

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.949\Verde.gif

Complete balance-sheet for the year

al 31/12/2014

(in Eur

x 1)

 

Item Type

Value

Sales

4.050.076

Profit (Loss) for the period

594.633

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.949\Verde.gif

Complete balance-sheet for the year

al 31/12/2013

(in Eur

x 1)

 

Item Type

Value

Sales

4.049.638

Profit (Loss) for the period

640.801

 

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.949\Verde.gif

Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

 

Item Type

Value

Sales

3.536.635

Profit (Loss) for the period

641.680

 

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

7.734

5.327

5.880

. TANGIBLE FIXED ASSETS

. . Real estate

. . Plant and machinery

. . Industrial and commercial equipment

. . Other assets

. . Assets under construction and advances

. Total Tangible fixed assets

273.166

278.584

320.729

. FINANCIAL FIXED ASSETS

. . Equity investments

. . . Equity invest. in subsidiary companies

. . . Equity invest. in associated companies

. . . Equity invest. in holding companies

. . . Equity invest. in other companies

. . Financial receivables

. . . . 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

7

Total fixed assets

280.900

283.911

326.616

CURRENT ASSETS

. INVENTORIES

. . Raw materials and other consumables

. . Work in progress and semimanufactured

. . Work in progress on order

. . Finished goods

. . Advance payments

. Total Inventories

824.680

820.941

813.686

. CREDITS NOT HELD AS FIXED ASSETS

. . Within 12 months

2.037.538

1.999.403

1.534.017

. . Beyond 12 months

. . Trade receivables

. . . . Within 12 months

. . . . Beyond 12 months

. . Receivables due from subsid. comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . Receivables due from assoc. comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . Receivables due from holding comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . Fiscal Receivables

. . . . Within 12 months

. . . . Beyond 12 months

. . Receivables for anticipated taxes

. . . . Within 12 months

. . . . Beyond 12 months

. . Receivables due from third parties

. . . . Within 12 months

. . . . Beyond 12 months

. Total Credits not held as fixed assets

2.037.538

1.999.403

1.534.017

. FINANCIAL ASSETS

. . Equity invest. in subsidiary comp.

. . Equity invest. in associated companies

. . Equity invest. in holding companies

. . Other equity investments

. . Own shares

. . . Total nominale value

. . Other securities

. Total Financial Assets

. LIQUID FUNDS

. . Bank and post office deposits

. . Checks

. . Banknotes and coins

. Total Liquid funds

787.011

666.177

427.916

Total current assets

3.649.229

3.486.521

2.775.619

ADJUSTMENT ACCOUNTS

. Discount on loans

. Other adjustment accounts

7.612

7.261

9.007

Total adjustments accounts

7.612

7.261

9.007

TOTAL ASSETS

3.937.741

3.777.693

3.111.242

LIABILITIES

STOCKHOLDERS' EQUITY

. Capital stock

10.000

10.000

10.000

. Additional paid-in capital

. Revaluation reserves

. Legal reserve

2.000

2.000

2.000

. Reserve for Own shares

. Statute reserves

. Other reserves

1.703.275

1.605.912

1.411.279

. Accumulated Profits (Losses)

. Profit( loss) of the year

700.223

617.362

594.633

. Advances on dividends

. Partial loss of the year Coverage

Total Stockholders'Equity

2.415.498

2.235.274

2.017.912

RESERVES FOR RISKS AND CHARGES

. . Reserve for employee termination indem.

. . Taxation fund, also differed

. . Other funds

Total Reserves for Risks and Charges

36.662

25.141

13.250

Employee termination indemnities

26.992

24.698

27.627

ACCOUNTS PAYABLE

. . . . Within 12 months

1.453.208

1.488.399

1.049.700

. . . . 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

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to other providers of finance

. . . . Within 12 months

. . . . Beyond 12 months

. . Advances from customers

. . . . Within 12 months

. . . . Beyond 12 months

. . Trade payables

. . . . Within 12 months

. . . . Beyond 12 months

. . Securities issued

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to subsidiary companies

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to associated companies

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to holding companies

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to the tax authorities

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to social security and welfare inst.

. . . . Within 12 months

. . . . Beyond 12 months

. . Other payables

. . . . Within 12 months

. . . . Beyond 12 months

Total accounts payable

1.453.208

1.488.399

1.049.700

ADJUSTMENT ACCOUNTS

. Agio on loans

. Other adjustment accounts

5.381

4.181

2.753

Total adjustment accounts

5.381

4.181

2.753

TOTAL LIABILITIES

3.937.741

3.777.693

3.111.242

 

 

 

 

 

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

4.560.946

4.248.179

4.050.076

. Changes in work in progress

19.510

10.356

150.115

. Changes in semi-manufact. products

. Capitalization of internal work

. Other income and revenues

25.788

28.959

28.332

. . Contributions for operating expenses

587

. . Different income and revenues

25.788

28.959

27.745

Total value of production

4.606.244

4.287.494

4.228.523

PRODUCTION COSTS

. Raw material,other materials and consum.

2.315.565

2.215.353

2.211.067

. Services received

328.847

348.522

508.024

. Leases and rentals

18.918

18.898

19.107

. Payroll and related costs

833.751

726.421

486.408

. . Wages and salaries

643.896

559.810

368.070

. . Social security contributions

140.687

127.765

91.861

. . Employee termination indemnities

40.277

33.357

26.477

. . Pension and similar

. . Other costs

8.891

5.489

. Amortization and depreciation

91.963

90.872

89.974

. . Amortization of intangible fixed assets

5.893

4.053

10.380

. . Amortization of tangible fixed assets

77.675

78.860

72.502

. . Depreciation of tangible fixed assets

. . Writedown of current receiv.and of liquid

8.395

7.959

7.092

. Changes in raw materials

15.771

3.101

18.955

. Provisions to risk reserves

. Other provisions

. Other operating costs

1.611

1.649

26.453

Total production costs

3.606.426

3.404.816

3.359.988

Diff. between value and cost of product.

999.818

882.678

868.535

FINANCIAL INCOME AND EXPENSE

. Income from equity investments

. . In subsidiary companies

. . In associated companies

. . In other companies

. Other financial income

7.096

7.760

12.096

. . 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

7.096

7.760

12.096

. . . - Subsidiary companies

. . . - Associated companies

. . . - Holding companies

. . . - Other companies

7.096

7.760

12.096

. Interest and other financial expense

-65

-5

-176

. . Towards subsidiary companies

. . Towards associated companies

. . Towards holding companies

. . Towards other companies

Total financial income and expense

7.031

7.755

11.920

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

1

. . Gains on disposals

. . Other extraordinary income

1

. Extraordinary expense

-177

. . Losses on disposals

. . Taxes relating to prior years

-163

. . Other extraordinary expense

-14

Total extraordinary income and expense

-177

1

Results before income taxes

1.006.849

890.256

880.456

. Taxes on current income

306.626

272.894

285.823

. . current taxes

307.105

273.166

286.181

. . differed taxes(anticip.)

-272

-358

. Net income for the period

700.223

617.362

594.633

. Adjustments in tax regulations pursuance

. Provisions in tax regulations pursuance

. Profit (loss) of the year

700.223

617.362

594.633

 

 

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

0,08

0,10

0,26

Elasticity Ratio

Units

0,93

0,92

0,89

0,73

Availability of stock

Units

0,21

0,22

0,26

0,23

Total Liquidity Ratio

Units

0,72

0,71

0,63

0,44

Quick Ratio

Units

0,20

0,18

0,14

0,02

COMPOSITION ON SOURCE

Net Short-term indebtedness

Units

0,28

0,37

0,31

1,74

Self Financing Ratio

Units

0,61

0,59

0,65

0,29

Capital protection Ratio

Units

0,71

0,72

0,70

0,64

Liabilities consolidation quotient

Units

0,02

0,02

0,03

0,22

Financing

Units

0,60

0,67

0,52

2,30

Permanent Indebtedness Ratio

Units

0,62

0,60

0,66

0,46

M/L term Debts Ratio

Units

0,01

0,01

0,01

0,11

Net Financial Indebtedness Ratio

Units

n.c.

n.c.

n.c.

0,49

CORRELATION

Fixed assets ratio

Units

8,70

7,96

6,26

1,63

Current ratio

Units

2,51

2,34

2,64

1,32

Acid Test Ratio-Liquidity Ratio

Units

1,94

1,79

1,87

0,86

Structure's primary quotient

Units

8,60

7,87

6,18

1,05

Treasury's primary quotient

Units

0,54

0,45

0,41

0,04

Rate of indebtedness ( Leverage )

%

163,02

169,00

154,18

349,01

Current Capital ( net )

Value

2.196.021

1.998.122

1.725.919

753.266

RETURN

Return on Sales

%

17,37

16,67

16,90

5,13

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

%

28,99

27,62

29,47

7,27

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

%

41,68

39,83

43,63

15,95

Return on Investment ( R.O.I. )

%

25,39

23,37

27,92

5,36

Return/ Sales

%

21,92

20,78

21,44

5,57

Extra Management revenues/charges incid.

%

70,04

69,94

68,46

42,11

Cash Flow

Value

792.186

708.234

684.607

344.143

Operating Profit

Value

999.818

882.678

868.535

359.008

Gross Operating Margin

Value

1.091.781

973.550

958.509

705.726

MANAGEMENT

Credits to clients average term

Days

n.c.

n.c.

n.c.

101,37

Debts to suppliers average term

Days

n.c.

n.c.

n.c.

115,52

Average stock waiting period

Days

65,09

69,57

72,33

80,62

Rate of capital employed return ( Turnover )

Units

1,16

1,12

1,30

1,07

Rate of stock return

Units

5,53

5,17

4,98

4,40

Labour cost incidence

%

18,28

17,10

12,01

16,91

Net financial revenues/ charges incidence

%

0,15

0,18

0,29

-1,19

Labour cost on purchasing expenses

%

23,12

21,34

14,48

17,25

Short-term financing charges

%

0,00

0,00

0,02

2,71

Capital on hand

%

86,34

88,92

76,82

93,00

Sales pro employee

Value

175.421

193.099

270.005

223.920

Labour cost pro employee

Value

32.067

33.019

32.427

35.625

 

 

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$EXa0.949\Spazio.gif569.987

Population living in the region

:

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.949\Spazio.gif4.330.172

Number of families in the region

:

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.949\Spazio.gif1.889.207

 

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

 

- per food products

:

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.949\Spazio.gif429

- per non food products

:

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.949\Spazio.gif1.789

- per energy consume

:

Description: C:\Users\Trupti\AppData\Local\Temp\Rar$EXa0.949\Spazio.gif135

 

Sector Data

 

The values are calculated on a base of 918 significant companies.

The companies cash their credits on an average of 101 dd.

The average duration of suppliers debts is about 116 dd.

The sector's profitability is on an average of 5,13%.

The labour cost affects the turnover in the measure of 16,91%.

Goods are held in stock in a range of 81 dd.

The difference between the sales volume and the resources used to realize it is about 1,07.

The employees costs represent the 17,25% of the production costs.

 

Statistical Detrimental Data

 

Statistically the trade activity shows periods of crisis.

The area is statistically considered lowly risky.

In the region 27.019 protested subjects are found; in the province they count to 1.458.

The insolvency index for the region is 0,63, , while for the province it is 0,26.

Total Bankrupt companies in the province : 1.299.

Total Bankrupt companies in the region : 14.165.

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.87

UK Pound

1

INR 90.49

Euro

1

INR 79.91

Euro

1

INR 79.76

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIY

 

 

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.