MIRA
INFORM REPORT
|
Report Date : |
06.04.2007 |
IDENTIFICATION
DETAILS
|
Name : |
G.B. - S.R.L. |
|
|
|
|
Registered Office : |
Via Gramsci Int. 7, 56 35010 - Cadoneghe
(PD) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31/12/2004 |
|
|
|
|
Date of Incorporation : |
11/07/1985 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
|
RATING &
COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
NAME & ADDRESS
G.B. - S.R.L.
Via Gramsci Int. 7, 56
35010 - Cadoneghe (PD) -IT-
SUMMARY
|
Fiscal Code |
: |
01277230288 |
|
Legal Form |
: |
Limited liability company |
|
Start of Activities |
: |
01/02/1986 |
|
Patrimonial Consistence |
: |
500.000 Eur |
|
Turnover Range |
: |
1.250.000/1.500.000 Eur |
|
Number of Employees |
: |
from 1 to 5 |
ACTIVITY
Retail of gifts and
knick-knacks.
Retail of
jewellery,gold and silverware.
LEGAL DATA
Legal Form :
Limited liability company
|
Fiscal Code : 01277230288 |
|
Foreign Trade Reg. no. : 017929 of Padova since 17/01/1992 |
|
Foreign Trade Reg. no. : 546955 of Padova |
|
Chamber of Commerce no. : 194569 of Padova since
04/09/1985 |
|
Firms' Register : PD060-24122 since 19/02/1996 |
|
V.A.T. Code : 01277230288 |
|
R. E. C. no. : 0039101 of Padova |
|
Establishment Date |
: 11/07/1985 |
|
|
Start of Activities |
: 01/02/1986 |
|
|
Legal Duration Date |
: 31/12/2030 |
|
|
Nominal Capital |
: 26.000 |
Eur |
|
Subscribed Capital |
: 26.000 |
Eur |
|
Paid up Capital |
: 26.000 |
Eur |
MEMBERS
|
GHIYA |
BRIJESH CHANDRA |
|
Born in INDINDIA |
on 30/08/1953 |
- Fiscal Code : GHYBJS53M30Z222F |
|
Residence : |
Via |
G. FRANCO |
, 2 |
- 35010 |
Cadoneghe |
(PD) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
01/04/2004 |
|
|
No Protests
registered.
COMPANIES CONNECTED TO MEMBERS *
*checkings have
been performed on a national scale.
The Members of the
subject firm are not reported to be Members in other companies.
CAPITAL SHAREHOLDERS
|
Style / Name |
Seat / Address |
Fiscal Code |
Owned Shares |
% of Ownership |
|
GHIYA BRIJESH CHANDRA |
Cadoneghe - IT - |
GHYBJS53M30Z222F |
1.300 .Eur |
5,00 |
|
GHIYA NAMRATA |
|
GHYNRT62C49Z222O |
24.700 .Eur |
95,00 |
DIRECT PARTICIPATIONS
The Company under review
has no participations in other Companies.
STRUCTURE AND COMPANY ACTIVITY
In order to carry
out its activities the firm uses the following locations:
|
- |
Legal and operative seat |
|
in : |
|
|
|
|
|
Via |
Gramsci Int. 7 |
, 56 |
- 35010 - |
Cadoneghe |
(PD) |
- IT - |
|
|
|
|
PHONE |
no. 049/3870024 |
|
|
|
|
Employees |
: 1 |
|
|
|
|
Fittings and Equipment |
for a value of 28.405 |
Eur |
|
|
|
|
Stocks |
for a value of
2.050.000 |
Eur |
|
|
The firm operates abroad
as importer. .
To purchase foreign
products the firm uses the following channels :
|
- trading companies |
HISTORICAL INFORMATION
|
Changes to the
legal form |
|
Former legal form |
New legal form |
Changement Date |
|
Limited partnership |
Limited liability company |
15/10/1992 |
PAYMENTS ANALYSIS
The average term of
debts to suppliers is high compared with that of the sector.
PAYMENTS SCORE
: No insolvency
CREDIT REVOLVING
During last Year, the
subject of inquiry has not been monitored by our company.
PROTESTS
Protests checking
on the subject firm has given a negative result.
LEGAL PROCEDURES
None reported,
standing to the last received edition of the Official Publications.
IMMOVABLES *
*No specific
(mortgage/cadastrial registrations) inspections have been requested.
None reported in
the name of the Firm.
FINANCIAL AND ECONOMICAL ANALYSIS
The company is
active since 1986
the financial
period 2004 closed with a profit (r.o.e. del 1,1%).
The operating
result is negative (-2,54%).
The ratio between
shareholder's equity and borrowed capital is not well balanced, the
indebtedness level is equal to 4,56
The recourse to
suppliers' credit is substantial with long payments average period and higher
than the sector.
Liquidity is
however good.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
1.449.154 |
filed balance sheet |
|
Profit (Loss) for the period |
5.437 |
filed balance sheet |
BALANCE SHEETS
From our constant
monitoring of the Public Administration, actually, no more recent balance
sheets result to be filed.
|
Balance Sheet as at
31/12/2004 - Months 12 - Currency Eur - Amounts x 1 |
|
Year |
|
|
|
2004 |
|
|
BALANCE SHEET
ACCOUNTS |
|
|
|
|
. |
|
|
|
|
|
ASSETS |
|
|
|
|
|
CREDITS TO SHAREHOLDERS |
|
|
|
|
|
FIXED ASSETS ( NET ) |
|
|
|
6.234 |
|
. Intangible assets |
|
|
|
|
|
. Tangible fixed assets |
|
|
|
6.234 |
|
. . Land and buildings |
|
|
|
|
|
. . Plants, Equipm.and Machinery |
|
|
|
|
|
. Long-term Investments |
|
|
|
|
|
. . Financial loans |
|
|
|
|
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
|
2.824.928 |
|
. Stock |
|
|
|
2.049.800 |
|
. Credits |
|
|
|
705.177 |
|
. . Credits to clients |
|
|
|
705.177 |
|
. . Other credits |
|
|
|
|
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
|
69.951 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
|
2.786 |
|
TOTAL ASSETS |
|
|
|
2.833.948 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
|
493.785 |
|
. Company's capital |
|
|
|
26.000 |
|
. Reserves |
|
|
|
462.348 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
|
5.437 |
|
PROVISION CHARGES ACCOUNTS |
|
|
|
|
|
STAFF TERM INDEMNITY |
|
|
|
11.629 |
|
DEBTS |
|
|
|
2.326.396 |
|
. Financial M/L terms |
|
|
|
|
|
. . Financial M/L term banks |
|
|
|
|
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
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|
|
|
|
. Financial short-term debts |
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|
|
|
|
. . Financial short-term banks |
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|
|
|
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
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|
|
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. M/L term debts to suppliers |
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|
|
|
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. Short-term debts to suppliers |
|
|
|
|
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
|
|
|
ACCRUED COSTS DEFERR. LIABILITIES |
|
|
|
2.138 |
|
TOTAL LIABILITIES |
|
|
|
2.833.948 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
|
1.449.154 |
|
. Revenues from sales/services |
|
|
|
1.449.154 |
|
. Change of stock (products) |
|
|
|
|
|
OPERATING EXPENSES |
|
|
|
1.521.141 |
|
. Purchasing expenses |
|
|
|
1.276.249 |
|
. Change of stock (raw material) |
|
|
|
-115.298 |
|
. Expenses from services |
|
|
|
272.201 |
|
. Expenses from leasing |
|
|
|
5.362 |
|
. General expenses/sundry charges |
|
|
|
17.625 |
|
. Staff expenses |
|
|
|
58.824 |
|
. Depreciation/Devaluation costs |
|
|
|
6.178 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
|
77.941 |
|
. Financial charges |
|
|
|
-39.343 |
|
. Financial revenues |
|
|
|
117.284 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
|
840 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
|
6.794 |
|
TAX |
|
|
|
1.357 |
|
CORRECT./ALLOCAT.FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
|
5.437 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2004 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
81,07 |
2,67 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
4,56 |
3,67 |
|
Current ratio |
Units |
=> 1 |
l |
1,21 |
1,17 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
0,33 |
0,25 |
|
Return on Sales |
% |
|
l |
0,80 |
2,97 |
|
Average stock waiting period |
dd |
|
l |
509,18 |
259,74 |
|
Credits to clients average term |
dd |
|
l |
175,17 |
27,59 |
|
Debts to suppliers average term |
dd |
|
l |
470,00 |
200,00 |
|
Net financial revenues/ charges incidence |
% |
|
l |
5,37 |
- 2,00 |
|
Labour cost incidence |
% |
|
l |
4,05 |
9,31 |
O.V. = Optimal
Value. When not present refer to the sector's.
A coloured item
indicates the opinion of the rate during the last financial year
(green=good; orange=not
optimal; red=insufficient; n.c.=not computable)
CREDIT OPINION DETERMINATION
The credit opinion
determination is divided into two phases :
1) Risk analysis
(Score).
2) Reliability
score identification.
RELIABILITY SCORE
Considering also
subject's structural and behavioural characteristics its credit margin rate
(from 0 to 100%) is equal to 20%, in respect of a sector average of 27%.
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.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
882.779 |
|
Population living in the region |
: |
4.699.950 |
|
Number of families in the region |
: |
1.813.210 |
Monthly family
expenses average in the region (in Eur.) :
|
- per food products |
: |
456 |
|
- per non food products |
: |
2.052 |
|
- per energy consume |
: |
127 |
SECTOR DATA
The values are
calculated on a base of 332 significant companies.
The companies cash
their credits on an average of 27 dd.
The average
duration of suppliers debts is about 200 dd.
The sector's profitability
is on an average of 2,97%.
The labour cost
affects the turnover in the measure of 9,31%.
Goods are held in
stock in a range of 259 dd.
The difference
between the sales volume and the resources used to realize it is about 0,79.
The employees costs
represent the 9,02% of the production costs.
STATISTICAL DETRIMENTAL DATA
Statistically the
trade activity shows periods of crisis.
The area is
statistically considered moderately risky.
In the region 13.782
protested subjects are found; in the province they count to 2.646.
The insolvency
index for the region is 0,30, while for the province it is 0,30.
Total Bankrupt
companies in the province : 3.821.
Total Bankrupt
companies in the region : 16.714.
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)