MIRA
INFORM REPORT
|
Report Date : |
11.11.2008 |
IDENTIFICATION
DETAILS
|
Name : |
WEBB JAMES S.R.L. |
|
|
|
|
Registered Office : |
Via San Vito,7 20123- Milano(MI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
06.02.2004 |
|
|
|
|
Com. Reg. No.: |
LI-2004-3674 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Retail of products similar to confectionery. Retail of groceries. Retail of herbalist products. Retail of flowers and ornamental plants, fertilizers and seeds. |
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 |
|
Maximum Credit Limit : |
Eur 91.000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
|
Webb James S.r.l. |
|
Via |
San Vito, |
7 |
|
20123 |
- Milano |
(MI) |
-IT- |
SUMMARY
|
Fiscal Code |
: |
01455970499 |
|
Legal Form |
: |
Limited liability company |
|
Start of Activities |
: |
09/02/2004 |
|
Patrimonial Consistence |
: |
1.000.000 Eur |
|
Turnover Range |
: |
7.750.000/9.000.000 Eur |
|
Number of Employees |
: |
fom 6 to 10 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
91.000 - Eur |
|
Score |
: |
Risk normal |
|
Creditworthness Rate |
: |
Sufficient |
|
|
|
Financial situation is not at its best, but credit is possible with |
|
|
|
no particular risks. |
ACTIVITY
Retail of products similar to confectionery.
Retail of groceries.
Retail of herbalist products.
Retail of flowers and ornamental plants, fertilizers and seeds.
LEGAL DATA
Legal Form :
Limited liability company
|
Fiscal Code : 01455970499 |
|
Chamber of Commerce no.
: 129200 of Livorno since 13/02/2004 |
|
Chamber of Commerce no.
: 1764442 of Milano since 16/02/2005 |
|
Firms' Register : LI-2004-3674 since 13/02/2004 |
|
V.A.T. Code : 01455970499 |
|
Foundation Date |
: 06/02/2004 |
|
|
Establishment Date |
: 06/02/2004 |
|
|
Start of Activities |
: 09/02/2004 |
|
|
|
|
|
|
Nominal Capital |
: 10.000 |
Eur |
|
Subscribed Capital |
: 10.000 |
Eur |
|
Paid up Capital |
: 10.000 |
Eur |
MEMBERS
|
Trumpy |
Stefano |
|
Born in Livorno |
(LI) |
on 14/09/1968 |
- Fiscal Code : TRMSFN68P14E625H |
|
Residence : |
Via |
Forte Dei Cavalleggeri |
, 1 |
- 57100 |
Livorno |
(LI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
19/05/2006 |
|
|
|
Trumpy |
Stefano |
|
Born in Livorno |
(LI) |
on 14/09/1968 |
- Fiscal Code : TRMSFN68P14E625H |
|
Residence : |
Via |
Forte Dei Cavalleggeri |
, 1 |
- 57100 |
Livorno |
(LI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
19/05/2006 |
|
|
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 |
|
Unione Fiduciaria Spa Societa' Fiduciari a E Di Servizi Delle Banc He
Popolari |
Milano - IT - |
01513210151 |
9.400 .Eur |
94,00 |
|
TRUMPY ELISA |
Livorno - IT - |
TRMLSE75A45E625U |
200 .Eur |
2,00 |
|
Trumpy Stefano |
Livorno - IT - |
TRMSFN68P14E625H |
400 .Eur |
4,00 |
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 |
San Vito |
, 7 |
- 20123 - |
Milano |
(MI) |
- IT - |
|
- |
Branch |
(Store ) |
since 28/12/2004 |
in : |
|
|
|
|
|
Via |
Delle Cateratte |
, 84 |
- 57100 - |
Livorno |
(LI) |
- IT - |
|
|
|
|
Employees |
: 8 |
|
|
|
|
Fittings and Equipment |
for a value of
1.550.000 |
Eur |
|
|
|
|
Stocks |
for a value of
2.470.000 |
Eur |
HISTORICAL INFORMATION AND/OR
FIRM'S STATUS
|
Ex-Members /
Ex-Positions |
|
TRUMPY |
ELISA |
|
Born in LIVORNO |
on 05/01/1975 |
- Fiscal Code : TRMLSE75A45E625U |
|
Residence : |
Via |
BUONARROTI FILIPPO |
, 2 |
- 57100 |
Livorno |
(LI) |
- IT - |
|
Position |
|
Director |
|
Trumpy |
Stefano |
|
Born in Livorno |
on 14/09/1968 |
- Fiscal Code : TRMSFN68P14E625H |
|
Residence : |
Via |
Forte Dei Cavalleggeri |
, 1 |
- 57100 |
Livorno |
(LI) |
- IT - |
|
Position |
|
Sole Director |
|
Director |
PAYMENTS ANALYSIS
The average term of debts to suppliers is shorter than the sector one.
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.
BANKERS
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
BANCO DI SARDEGNA SPA |
|
|
|
|
1015 |
0 |
IMMOVABLES *
*No specific (mortgage/cadastrial registrations) inspections have been
requested.
None reported in the name of the Firm.
FINANCIAL AND ECONOMICAL ANALYSIS
Company's starting of activities dates back to some years ago (2004).
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 27,4% in 2007
The operating result in 2007 was positive (9,3%) and reflects the
field's average.
The ratio between shareholder's equity and borrowed capital is not well
balanced, the indebtedness level is equal to 4,39 falling if compared to 2006.
The exposure towards banks is slightly high, the recourse to suppliers'
credit is limited
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
8.587.397 |
filed balance sheet |
|
Profit (Loss) for the period |
232.247 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
7.121.293 |
filed balance sheet |
|
Profit (Loss) for the period |
166.881 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
7.116.651 |
filed balance sheet |
|
Profit (Loss) for the period |
215.571 |
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 31/12/2007 - Months 12 - Currency Eur - Amounts x 1 |
|
Balance Sheet as
at 31/12/2006 - Months 12 - Currency Eur - Amounts x 1 |
|
Years |
|
|
2007 |
2006 |
|
|
BALANCE SHEET
ACCOUNTS |
|
|
|
|
. |
|
|
|
|
|
ASSETS |
|
|
|
|
|
CREDITS TO SHAREHOLDERS |
|
|
|
|
|
FIXED ASSETS ( NET ) |
|
|
87.108 |
15.176 |
|
. Intangible assets |
|
|
20.486 |
1.337 |
|
. Tangible fixed assets |
|
|
66.622 |
13.839 |
|
. . Land and buildings |
|
|
|
|
|
. . Plants, Equipm.and Machinery |
|
|
|
|
|
. Long-term Investments |
|
|
|
|
|
. . Financial loans |
|
|
|
|
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
5.091.894 |
4.172.392 |
|
. Stock |
|
|
2.467.969 |
1.795.977 |
|
. Credits |
|
|
2.623.800 |
2.376.120 |
|
. . Credits to clients |
|
|
2.316.601 |
2.270.863 |
|
. . Other credits |
|
|
307.199 |
105.257 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
125 |
295 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
28.712 |
780 |
|
TOTAL ASSETS |
|
|
5.207.714 |
4.188.348 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
847.478 |
615.232 |
|
. Company's capital |
|
|
10.000 |
10.000 |
|
. Reserves |
|
|
605.231 |
438.351 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
232.247 |
166.881 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
12.415 |
9.311 |
|
SEVERANCE INDEMNITY FUND |
|
|
39.920 |
32.037 |
|
DEBTS |
|
|
4.267.334 |
3.499.923 |
|
. Financial M/L terms |
|
|
546.296 |
500.000 |
|
. . Financial M/L term banks |
|
|
|
|
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
546.296 |
500.000 |
|
. Financial short-term debts |
|
|
2.706.047 |
2.013.317 |
|
. . Financial short-term banks |
|
|
2.666.637 |
2.013.317 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
39.410 |
|
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
964.387 |
954.253 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
50.604 |
32.353 |
|
ACCRUED EXPENSE |
|
|
40.567 |
31.845 |
|
TOTAL LIABILITIES |
|
|
5.207.714 |
4.188.348 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
8.587.397 |
7.121.293 |
|
. Revenues from sales/services |
|
|
8.587.397 |
7.121.293 |
|
. Change of stock (products) |
|
|
|
|
|
OPERATING EXPENSES |
|
|
8.102.559 |
6.730.817 |
|
. Purchasing expenses |
|
|
5.987.060 |
4.474.718 |
|
. Change of stock (raw material) |
|
|
-600.795 |
-299.023 |
|
. Expenses from services |
|
|
2.342.628 |
2.217.215 |
|
. Expenses from leasing |
|
|
42.098 |
54.319 |
|
. General expenses/sundry charges |
|
|
15.714 |
16.481 |
|
. Staff expenses |
|
|
281.650 |
251.621 |
|
. Depreciation/Devaluation costs |
|
|
34.204 |
15.486 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-80.759 |
-81.006 |
|
. Financial charges |
|
|
-86.177 |
-86.203 |
|
. Financial revenues |
|
|
5.418 |
5.197 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
-5.203 |
5.355 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
398.876 |
314.825 |
|
TAX |
|
|
166.629 |
147.944 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
232.247 |
166.881 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2007 |
as at 31/12/2006 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
16,45 |
75,59 |
1,04 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
4,39 |
4,87 |
5,37 |
|
Current ratio |
Units |
=> 1 |
l |
1,36 |
1,39 |
1,01 |
|
Acid Test Ratio-Liquidity Ratio |
Units' |
=> 1 |
l |
0,70 |
0,79 |
0,66 |
|
Return on Sales |
% |
|
l |
3,10 |
2,56 |
1,47 |
|
Average stock waiting period |
dd |
|
l |
103,42 |
90,75 |
24,26 |
|
Credits to clients average term |
dd |
|
l |
97,09 |
114,76 |
27,79 |
|
Debts to suppliers average term |
dd |
|
l |
41,43 |
50,90 |
85,96 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 0,94 |
- 1,13 |
- 0,34 |
|
Labour cost incidence |
% |
|
l |
3,27 |
3,53 |
9,96 |
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
On the basis of the above mentioned, and the sales volume obtained, we
deem that the maximum exposure for short and medium term transactions ( 90 -
120 days ) could be of:
91.000 .Eur.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
3.839.216 |
|
Population living in the region |
: |
9.393.092 |
|
Number of families in the region |
: |
3.858.736 |
Monthly family expences average in the region (in Eur.) :
|
- per food products |
: |
460 |
|
- per non food products |
: |
2.090 |
|
- per energy consume |
: |
114 |
SECTOR DATA
The values are calculated on a base of 953 significant companies.
The companies cash their credits on an average of 27 dd.
The average duration of suppliers debts is about 85 dd.
The sector's profitability is on an average of 1,47%.
The labour cost affects the turnover in the measure of 9,96%.
Goods are held in stock in a range of 24 dd.
The difference between the sales volume and the resources used to
realize it is about 2,65.
The employees costs represent the 9,86% of the production costs.
STATISTICAL DETRIMENTAL DATA
Statistcally the trade activity shows periods of crisis.
The area is statistically considered lowly risky.
In the region 50.886 protested subjects are found; in the province they
count to 24.765.
The insolvency index for the region is 0,55, while for the province it
is 0,66.
Total Bankrupt companies in the province : 22.523.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.59 |
|
UK Pound |
1 |
Rs.74.55 |
|
Euro |
1 |
Rs.60.57 |
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. |
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%)