MIRA
INFORM REPORT
|
Report Date : |
05.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
INDUSTRIALFORNITURE S.R.L. |
|
|
|
|
Registered Office : |
Via Galileo Galilei,2/4 S. Pietro In Palazzi 57023- Cecina(LI) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
10.02.1987 |
|
|
|
|
Com. Reg. No.: |
LI009-12198 since 19/02/1996 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of machinery and equipment for the chemical, petrochemical and petroleum industries (including seperate parts and accessories) |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
300.000 - Eur |
|
Status : |
Good |
|
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Name and address
Industrialforniture S.r.l.
Via Galileo Galilei,2/4 S. Pietro In Palazzi
57023- Cecina(LI)-IT-
Summary
|
Fiscal Code |
: |
00855040499 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
10/02/1987 |
|
Equity |
: |
Over 2.582.254 Eur |
|
|
: |
7.750.000/9.000.000 Eur |
|
Number of Employees |
: |
from 16 to 25 |
Credit Analysis
|
Credit Opinion |
: |
300.000 - Eur |
Activity
Manufacture of machinery and equipment for the chemical,petrochemical
and petroleum industries (including seperate parts and accessories)
Wholesale of Industrial chemical products
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 00855040499 |
|
Foreign Trade Reg. no. : LI002771 since 28/04/1992 |
|
Foreign Trade Reg. no. : 002771 of |
|
Chamber of Commerce no. : 81138 of |
|
Firms' Register : LI009-12198 since 19/02/1996 |
|
V.A.T. Code : 00855040499 |
|
Tribunal Co. Register : 12198 of |
|
Foundation date |
: 02/01/1987 |
|
|
Establishment date |
: 02/01/1987 |
|
|
Start of Activities |
: 10/02/1987 |
|
|
Legal duration |
: 31/12/2040 |
|
|
Nominal Capital |
: 929.622 |
Eur |
|
Subscribed Capital |
: 929.622 |
Eur |
|
Paid up Capital |
: 929.622 |
Eur |
Members
|
|
Cecconi |
Renato |
|
|
|
Born in Chianni |
(PI) |
on 31/10/1947 |
- Fiscal Code : CCCRNT47R31C609D |
|
|
|
Residence : |
Via |
Signorini |
, 5 |
- 57023 |
Cecina |
(LI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
|
|
|
|
|
No Protests registered |
|
|
Cecconi |
Cristina |
|
|
|
Born in Cecina |
(LI) |
on 19/10/1970 |
- Fiscal Code : CCCCST70R59C415R |
|
|
|
Residence : |
Via |
Della Fornace |
, 9 |
- 56040 |
Casale Marittimo |
(PI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Institor |
29/01/2008 |
|
|
|
|
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.
|
|
CECCONI |
RENATO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
C.L.R. IMMOBILIARE S.R.L. |
Cecina (LI) - IT - |
01661750495 |
Sole Director |
Active |
Registered |
|
COLLEVERDE IMMOBILIARE S.R.L. |
Cecina (LI) - IT - |
01427660491 |
Sole Director |
Withdrawn |
Registered |
|
EDIL M.A.R. IMMOBILIARE S.R.L. |
Ponsacco (PI) - IT - |
01358330502 |
Assistant board
Chairman |
Withdrawn |
Ceased |
|
INDUSTRIALFORNITURE DI CECCONI RENATO |
Cecina (LI) - IT - |
CCCRNT47R31C609D |
Proprietor |
Withdrawn |
Ceased |
|
PETROLFIT S.R.L. |
Cecina (LI) - IT - |
00773750492 |
Director |
Withdrawn |
Ceased |
|
UNIGROUP |
Cecina (LI) - IT - |
01448030492 |
Board of
Directors' Vice-chairman |
Withdrawn |
Registered |
|
WELDSERVICE S.R.L. IN LIQUIDAZIONE |
Cecina (LI) - IT - |
01047310493 |
Liquidator |
Withdrawn |
Ceased |
|
|
CECCONI |
CRISTINA |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
C.L.G. IMMOBILIARE S.R.L. IN LIQUIDAZIONE |
Cecina (LI) - IT - |
01377610496 |
Liquidator |
Withdrawn |
Ceased |
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 |
|
Cecconi Renato |
Cecina - IT - |
CCCRNT47R31C609D |
805.703 .Eur |
86,66 |
|
LORENZINI LUCIANA |
|
LRNLCN50T62C415D |
123.918 .Eur |
13,33 |
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 10/11/1989 |
|
|
|
|
|
Via |
Galileo Galilei |
, 2/4 Loc. S.PIETRO IN PALAZZI |
- 57023 |
- Cecina |
(LI) |
- IT - |
|
|
|
|
Trading Style: INDUTRIALFORNITURE SRL |
|
|
|
|
PHONE |
: 0586/661375 |
|
|
|
|
FAX |
: 0586/661032 |
|
- |
Branch |
(Store ) |
since 01/11/1999 |
|
|
|
|
|
Via |
A. Meucci |
, 22 Loc. S.PIETRO IN PALAZZI |
- 57023 |
- Cecina |
(LI) |
- IT - |
|
|
|
|
Employees |
: 15 |
|
|
|
|
Family members |
: 2 |
|
Fittings and Equipment for a value of 57.000 |
Eur |
|
Stocks for a value of 960.000 |
Eur |
|
Furniture and fittings for a value of 3.000 |
Eur |
|
Vehicles for a value of 15.000 |
Eur |
Historical Information and/or Firm's Status
EX-MEMBERS / EX-POSITIONS:
|
|
Venturi |
Laura |
|
|
|
Born in |
on 27/08/1948 |
- Fiscal Code : VNTLRA48M67E625S |
|
|
|
Residence : |
Via |
Regione Toscana |
, 10 |
- 57021 |
Campiglia Marittima |
(LI) |
- IT - |
|
Ex-Postions |
|
|
Protests
Protests checking on the subject firm has given a negative result.
Legal Procedures
None reported, standing to the latest received edition of the Official
Publications.
Financial and Economical Analysis
Subject is active since 1987
An eco-fin analysis has been made on the base od the b/s fo the years 2007,
2008 and 2009.
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 6,79% in 2009
The operating result was positive in the last financial year (7,21%) and
in line with the sector's average.
The operating result is positive and amounts to Eur. 1.034.879 with a
-34,87% fall as against the year 2008.
The G.O.M. amounted to Eur. 1.127.169 showing a drop (-33,24%).
Indebtedness is scanty since debts are lower than liquidity.
Subject can manage an equity capital funds for an amount of Eur.
10.948.683 , stable in comparison with the value of the previous year.
Total indebtedness was equal to Eur. 3.171.218 (Eur. 1.283.220 was the
value of m/l term debts) with no important change.
Moderate recourse to bank credit while the exposure towards suppliers is
rather high however still within the sector's average.
Liquidity is good (7,12)
Trade credits average terms are slow, on average 123,9 days. within the
standard level of the average of the sector.
The financial management generated a cash flow of Eur. 836.116.
In the last financial year labour cost was of Eur. 733.419, with a 9,72%
incidence on total costs of production. , whereas the incidence on sales
revenues is of 8,56%.
The financial charges do not negatively affect the management, as they
are covered by the incomes.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
8.568.885 |
|
Profit (Loss) for the period |
743.826 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
11.258.818 |
|
Profit (Loss) for the period |
1.505.781 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
17.154.684 |
|
Profit (Loss) for the period |
1.645.787 |
|
|
|
Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
10.191.331 |
|
Profit (Loss) for the period |
918.834 |
|
|
|
Complete balance-sheet for the year |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
8.698.166 |
|
Profit (Loss) for the period |
918.512 |
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 31/12/2009 - 12 Mesi - Currency: Eur - Amounts x
1 |
|
- Balance Sheet as at 31/12/2008 - 12 Mesi - Currency: Eur - Amounts x
1 |
|
- Balance Sheet as at 31/12/2007 - 12 Mesi - Currency: Eur - Amounts x
1 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
RATIOS |
Value Type |
as at 31/12/2009 |
as at 31/12/2008 |
as at 31/12/2007 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,06 |
0,06 |
0,05 |
0,13 |
|
Elasticity Ratio |
Units |
0,94 |
0,94 |
0,94 |
0,84 |
|
Availability of stock |
Units |
0,07 |
0,06 |
0,04 |
0,19 |
|
Total Liquidity Ratio |
Units |
0,87 |
0,87 |
0,90 |
0,60 |
|
Quick Ratio |
Units |
0,64 |
0,60 |
0,56 |
0,04 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
n.c. |
n.c. |
n.c. |
3,26 |
|
Self Financing Ratio |
Units |
0,76 |
0,75 |
0,51 |
0,18 |
|
Capital protection Ratio |
Units |
0,85 |
0,76 |
0,70 |
0,58 |
|
Liabilities consolidation quotient |
Units |
0,81 |
0,37 |
0,02 |
0,16 |
|
Financing |
Units |
0,29 |
0,31 |
0,92 |
4,02 |
|
Permanent Indebtedness Ratio |
Units |
0,87 |
0,82 |
0,52 |
0,33 |
|
M/L term Debts Ratio |
Units |
0,11 |
0,07 |
0,01 |
0,09 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,44 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
13,98 |
13,69 |
10,32 |
2,08 |
|
Current ratio |
Units |
7,12 |
5,17 |
1,99 |
1,23 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
6,61 |
4,82 |
1,90 |
0,94 |
|
Structure's primary quotient |
Units |
12,27 |
12,58 |
10,10 |
1,18 |
|
Treasury's primary quotient |
Units |
4,88 |
3,31 |
1,19 |
0,07 |
|
Rate of indebtedness ( Leverage ) |
% |
131,15 |
132,99 |
194,39 |
550,96 |
|
Current Capital ( net ) |
Value |
11.548.186 |
10.267.401 |
7.986.123 |
343.588 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
9,76 |
14,26 |
9,95 |
3,93 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
6,79 |
14,76 |
18,91 |
9,82 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
10,35 |
21,49 |
30,75 |
30,22 |
|
Return on Investment ( R.O.I. ) |
% |
7,21 |
11,71 |
14,36 |
6,17 |
|
Return/ Sales |
% |
12,08 |
14,11 |
14,16 |
5,29 |
|
Extra Management revenues/charges incid. |
% |
71,88 |
94,76 |
67,75 |
29,80 |
|
Cash Flow |
Value |
836.116 |
1.605.273 |
1.707.717 |
125.241 |
|
Operating Profit |
Value |
1.034.879 |
1.588.990 |
2.429.117 |
166.819 |
|
Gross Operating Margin |
Value |
1.127.169 |
1.688.482 |
2.491.047 |
254.305 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
123,90 |
113,19 |
79,12 |
128,37 |
|
Debts to suppliers average term |
Days |
120,21 |
124,64 |
155,37 |
150,11 |
|
Average stock waiting period |
Days |
40,33 |
27,46 |
15,62 |
54,03 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,60 |
0,83 |
1,01 |
1,25 |
|
Rate of stock return |
Units |
8,93 |
13,11 |
23,00 |
6,62 |
|
Labour cost incidence |
% |
8,56 |
6,46 |
4,66 |
18,06 |
|
Net financial revenues/ charges incidence |
% |
1,18 |
3,43 |
1,61 |
- 0,88 |
|
Labour cost on purchasing expenses |
% |
9,72 |
7,51 |
5,42 |
18,63 |
|
Short-term financing charges |
% |
0,51 |
0,43 |
0,27 |
2,15 |
|
Capital on hand |
% |
167,58 |
120,54 |
98,57 |
79,60 |
|
Sales pro employee |
Value |
612.063 |
1.023.528 |
1.429.557 |
206.728 |
|
Labour cost pro employee |
Value |
52.387 |
66.143 |
66.667 |
35.507 |
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:
300.000 Eur.
Market / Territory Data
|
Population living in the province |
: |
330.739 |
|
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 |
Sector Data
The values are calculated on a base of 1.964 significant companies.
The companies cash their credits on an average of 128 dd.
The average duration of suppliers debts is about 150 dd.
The sector's profitability is on an average of 3,93%.
The labour cost affects the turnover in the measure of 18,06%.
Goods are held in stock in a range of 54 dd.
The difference between the sales volume and the resources used to
realize it is about 1,25.
The employees costs represent the 18,63% of the production costs.
Statistical Detrimental Data
The area is statistically considered remarkably risky.
In the region 24.960 protested subjects are found; in the province they
count to 3.391.
The insolvency index for the region is 0,70, , while for the province it
is 1,03.
Total Bankrupt companies in the province : 1.155.
Total Bankrupt companies in the region : 20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.65 |
|
|
1 |
Rs.71.93 |
|
Euro |
1 |
Rs.63.24 |
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.