MIRA
INFORM REPORT
|
Report Date : |
07.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
NEOCOLOR S.R.L. |
|
|
|
|
Registered Office : |
Via Antonio Locatelli, 11 21019 - Somma Lombardo (VA) |
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Country : |
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|
Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
05.02.1986 |
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Com. Reg. No.: |
VA026-26201 Since 19.02.1996 |
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|
Legal Form : |
Limited Liability Company. |
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|
|
Line of Business : |
Manufacture of Dyes and Pigments. |
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 : |
40.000 Eur. |
|
Status : |
Good |
|
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 – 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 |
Company name and address
Neocolor S.r.l.
Via Antonio Locatelli, 11
21019 - Somma Lombardo (VA) -IT-
Summary
|
Fiscal Code |
: |
08216690159 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
01/03/1986 |
|
Equity |
: |
400.000 Eur |
|
|
: |
1.500.000/2.000.000 Eur |
|
Number of Employees |
: |
fom 6 to 10 |
Credit Analysis
|
Credit Opinion |
: |
40.000 - Eur |
Activity
Manufacture of dyes and pigments
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 08216690159 |
|
Foreign Trade Reg. no. : VA031271 since 29/10/1992 |
|
Chamber of Commerce no. : 152729 of |
|
Chamber of Commerce no. : 227765 of |
|
Firms' Register : VA026-26201 since 19/02/1996 |
|
V.A.T. Code : 02063370122 |
|
Foundation date |
: 05/02/1986 |
|
|
Establishment date |
: 05/02/1986 |
|
|
Start of Activities |
: 01/03/1986 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 90.000 |
Eur |
|
Subscribed Capital |
: 90.000 |
Eur |
|
Paid up Capital |
: 90.000 |
Eur |
Members
|
|
Fabanelli |
Giovanni |
|
|
|
Born in Caldogno |
(VI) |
on 30/06/1947 |
- Fiscal Code : FBNGNN47H30B403X |
|
|
|
Residence : |
Via |
Montegrappa |
, 7 |
- 21048 |
Solbiate Arno |
(VA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
18/05/2008 |
|
|
|
Board Chairman |
18/05/2008 |
|
|
|
|
No Protests registered |
|
|
Fabanelli |
Fabio |
|
|
|
Born in |
(VA) |
on 19/09/1973 |
- Fiscal Code : FBNFBA73P19B300P |
|
|
|
Residence : |
Via |
Montegrappa |
, 7 |
- 21048 |
Solbiate Arno |
(VA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
18/05/2008 |
|
|
|
Managing Director |
18/05/2008 |
|
|
|
|
No Protests registered |
|
|
Fabanelli |
Luca |
|
|
|
Born in |
(VA) |
on 14/12/1974 |
- Fiscal Code : FBNLCU74T14B300U |
|
|
|
Residence : |
Via |
Ronco |
, SNC |
- 21040 |
Carnago |
(VA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
18/05/2008 |
|
|
|
Managing Director |
18/05/2008 |
|
|
|
|
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.
|
|
FABANELLI |
FABIO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
DAICOLOR DI DAGA NELLA MARIA E C. S.N.C. IN LIQUIDAZIONE |
Somma Lombardo (VA) - IT - |
02624640120 |
Partner |
Active |
Registered |
|
DAICOLOR DI DAGA NELLA MARIA E C. S.N.C. IN LIQUIDAZIONE |
Somma Lombardo (VA) - IT - |
02624640120 |
Liquidator |
Active |
Registered |
|
DAICOLOR IRPINA DI FABANELLI FABIO E C. SAS |
Somma Lombardo (VA) - IT - |
02119900021 |
General Partner |
Active |
Registered |
|
DYECHEM SRL - IN LIQUIDAZIONE |
Somma Lombardo (VA) - IT - |
02250040025 |
Director |
Withdrawn |
Registered |
|
DYECHEM SRL - IN LIQUIDAZIONE |
Somma Lombardo (VA) - IT - |
02250040025 |
Liquidator |
Withdrawn |
Registered |
|
DYECHEM SRL - IN LIQUIDAZIONE |
Somma Lombardo (VA) - IT - |
02250040025 |
Managing
Director |
Withdrawn |
Registered |
|
DYECHEM SRL - IN LIQUIDAZIONE |
Somma Lombardo (VA) - IT - |
02250040025 |
Board Chairman |
Withdrawn |
Registered |
|
|
FABANELLI |
LUCA |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
DAICOLOR DI DAGA NELLA MARIA E C. S.N.C. IN LIQUIDAZIONE |
Somma Lombardo (VA) - IT - |
02624640120 |
Partner |
Active |
Registered |
|
DAICOLOR IRPINA DI FABANELLI FABIO E C. SAS |
Somma Lombardo (VA) - IT - |
02119900021 |
Limited Partner |
Active |
Registered |
|
DYECHEM SRL - IN LIQUIDAZIONE |
Somma Lombardo (VA) - IT - |
02250040025 |
Director |
Withdrawn |
Registered |
|
DYECHEM SRL - IN LIQUIDAZIONE |
Somma Lombardo (VA) - IT - |
02250040025 |
Managing
Director |
Withdrawn |
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 |
|
Fabanelli Giovanni |
Solbiate Arno - IT - |
FBNGNN47H30B403X |
76.186 .Eur |
84,65 |
|
DAGA NELLA MARIA |
|
DGANLM50S54G113S |
3.873 .Eur |
4,30 |
|
Fabanelli Fabio |
Solbiate Arno - IT - |
FBNFBA73P19B300P |
4.971 .Eur |
5,52 |
|
Fabanelli Luca |
Carnago - IT - |
FBNLCU74T14B300U |
4.970 .Eur |
5,52 |
Direct Participations
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares
Amount |
% Ownership |
since |
until |
Share Status |
|
D.F.M. Color S.R.L. |
Casandrino - IT - |
03382661217 |
26.000 .Eur |
50,00 |
|
|
Active |
|
Dyechem Srl - In Liquidazione |
Somma Lombardo - IT - |
02250040025 |
5.000 .Eur |
50,00 |
|
|
Active |
|
Daicolor Toscana S.r.l. In Liquidazione |
|
01710390509 |
.Eur |
50,00 |
|
|
Active |
Firm's location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
since 29/04/1992 |
|
|
|
|
|
Via |
Antonio Locatelli |
, 11 |
- 21019 |
- Somma Lombardo |
(VA) |
- IT - |
|
|
|
|
PHONE |
: 0331/259790 |
|
|
|
|
FAX |
: 0331/259790 |
|
|
|
|
FAX |
: 0331/259970 |
|
|
|
|
Employees |
: 6 |
|
Fittings and Equipment for a value of 13.000 |
Eur |
|
Stocks for a value of 390.000 |
Eur |
Trade organization: direct or by agents.
The company sells in
Historical Information and/or Firm's Status
EX-MEMBERS / EX-POSITIONS:
|
|
Fabanelli |
Giovanni |
|
|
|
Born in Caldogno |
on 30/06/1947 |
- Fiscal Code : FBNGNN47H30B403X |
|
|
|
Residence : |
Via |
Montegrappa |
, 7 |
- 21048 |
Solbiate Arno |
(VA) |
- IT - |
|
Ex-Postions |
|
Sole Director |
|
Managing Director |
|
|
Fabanelli |
Fabio |
|
|
|
Born in |
on 19/09/1973 |
- Fiscal Code : FBNFBA73P19B300P |
|
|
|
Residence : |
Via |
Montegrappa |
, 7 |
- 21048 |
Solbiate Arno |
(VA) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
Fabanelli |
Luca |
|
|
|
Born in |
on 14/12/1974 |
- Fiscal Code : FBNLCU74T14B300U |
|
|
|
Residence : |
Via |
Ronco |
, SNC |
- 21040 |
Carnago |
(VA) |
- IT - |
|
Ex-Postions |
|
Managing Director |
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.
Bankers
The firm operates with:
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
BANCA INTESA - RETE CARIPLO |
|
|
|
|
6070 |
0 |
|
BANCA POPOLARE DI |
|
|
|
|
5428 |
0 |
Financial and Economical Analysis
Subject is active since 1986
The economic-financial analysis has been made on the base of the b/s of
the latests three years.
Unstable economic results mark the company's financial state of affairs.
anyway in 2009 a positive result was achieved (r.o.e. 0,36%). Business volume
is falling in the last financial year.
The return on Investment in the last financial year was positive (7,78%)
falling within the field's average.
The operating result is positive and amounts to Eur. 123.132 rising
(+38,62%) in relation to the previous year.
During the latest financial year the gross operating margin amounted to
Eur. 140.381 recording a -24,8% decrease.
The financial status of the company is fairly balanced with an
indebtedness level of 3,47 and decreasing as against 2008.
With regard to equity capital, an amount of Eur. 325.714 is registered.
, stable in comparison with the value of the previous year.
Total debts recorded amounted to Eur. 1.216.281 (Eur. 73.567 of which
were m/l term debts) , a more or less stable value.
Current liquid assets is positive.
Eur. 18.377 is the value of cash flow during the year 2009
In the last financial year labour cost was of Eur. 140.103, with a 9,39%
incidence on total costs of production. and a 8,96% incidence on sales volumes.
The financial management is marked by a high incidence of financial
charges in relation to sales revenues (-3,8%).
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
1.562.829 |
|
Profit (Loss) for the period |
1.168 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
1.826.250 |
|
Profit (Loss) for the period |
21.716 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
1.670.847 |
|
Profit (Loss) for the period |
-37.987 |
|
|
|
Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
2.357.263 |
|
Profit (Loss) for the period |
-56.487 |
|
|
|
Complete balance-sheet for the year |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
1.665.177 |
|
Profit (Loss) for the period |
-31.956 |
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 |
|
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|
|
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 |
0,05 |
0,07 |
0,10 |
0,24 |
|
Elasticity Ratio |
Units |
0,83 |
0,82 |
0,78 |
0,74 |
|
Availability of stock |
Units |
0,25 |
0,24 |
0,24 |
0,14 |
|
Total Liquidity Ratio |
Units |
0,58 |
0,57 |
0,54 |
0,56 |
|
Quick Ratio |
Units |
0,01 |
0,00 |
0,01 |
0,02 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
3,47 |
4,23 |
3,82 |
2,44 |
|
Self Financing Ratio |
Units |
0,21 |
0,18 |
0,19 |
0,22 |
|
Capital protection Ratio |
Units |
0,72 |
0,65 |
0,82 |
0,66 |
|
Liabilities consolidation quotient |
Units |
0,10 |
0,05 |
0,06 |
0,19 |
|
Financing |
Units |
3,73 |
4,40 |
3,95 |
3,03 |
|
Permanent Indebtedness Ratio |
Units |
0,28 |
0,22 |
0,24 |
0,39 |
|
M/L term Debts Ratio |
Units |
0,07 |
0,04 |
0,05 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
2,46 |
1,21 |
0,68 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
5,79 |
3,02 |
2,30 |
1,44 |
|
Current ratio |
Units |
1,15 |
1,06 |
1,04 |
1,22 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,80 |
0,74 |
0,72 |
0,96 |
|
Structure's primary quotient |
Units |
4,29 |
2,44 |
1,82 |
0,92 |
|
Treasury's primary quotient |
Units |
0,01 |
0,00 |
0,02 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
485,60 |
552,44 |
518,10 |
443,39 |
|
Current Capital ( net ) |
Value |
169.381 |
90.936 |
49.127 |
390.895 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
1,18 |
6,54 |
- 1,44 |
4,46 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
0,36 |
6,69 |
- 12,54 |
6,37 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
4,19 |
14,96 |
- 8,13 |
20,08 |
|
Return on Investment ( R.O.I. ) |
% |
7,78 |
4,95 |
- 0,55 |
5,40 |
|
Return/ Sales |
% |
7,88 |
4,86 |
- 0,51 |
4,63 |
|
Extra Management revenues/charges incid. |
% |
0,95 |
24,44 |
n.c. |
30,52 |
|
Cash Flow |
Value |
18.377 |
119.535 |
-24.221 |
215.907 |
|
Operating Profit |
Value |
123.132 |
88.825 |
-8.658 |
206.125 |
|
Gross Operating Margin |
Value |
140.381 |
186.695 |
5.149 |
382.293 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
n.c. |
180,18 |
163,33 |
130,51 |
|
Debts to suppliers average term |
Days |
n.c. |
106,92 |
171,46 |
130,23 |
|
Average stock waiting period |
Days |
90,41 |
87,51 |
81,50 |
42,37 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,99 |
1,01 |
1,06 |
1,25 |
|
Rate of stock return |
Units |
3,98 |
4,11 |
4,41 |
8,49 |
|
Labour cost incidence |
% |
8,96 |
8,60 |
13,96 |
14,88 |
|
Net financial revenues/ charges incidence |
% |
- 3,80 |
- 1,83 |
- 1,37 |
- 1,15 |
|
Labour cost on purchasing expenses |
% |
9,39 |
8,41 |
13,83 |
15,50 |
|
Short-term financing charges |
% |
5,11 |
2,34 |
1,91 |
2,65 |
|
Capital on hand |
% |
101,21 |
98,17 |
93,90 |
79,38 |
|
Sales pro employee |
Value |
260.471 |
456.562 |
238.692 |
238.105 |
|
Labour cost pro employee |
Value |
23.350 |
39.266 |
33.338 |
35.099 |
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:
40.000Eur.
Market / Territory Data
|
Population living in the province |
: |
843.250 |
|
Population living in the region |
: |
9.393.092 |
|
Number of families in the region |
: |
3.858.736 |
Monthly family expenses 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 805 significant companies.
The companies cash their credits on an average of 130 dd.
The average duration of suppliers debts is about 130 dd.
The sector's profitability is on an average of 4,46%.
The labour cost affects the turnover in the measure of 14,88%.
Goods are held in stock in a range of 42 dd.
The difference between the sales volume and the resources used to
realize it is about 1,25.
The employees costs represent the 15,50% of the production costs.
Statistical Detrimental Data
The area is statistically considered moderately risky.
In the region 50.886 protested subjects are found; in the province they
count to 4.597.
The insolvency index for the region is 0,55, , while for the province it
is 0,55.
Total Bankrupt companies in the province : 3.052.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.20 |
|
|
1 |
Rs.72.24 |
|
Euro |
1 |
Rs.63.09 |
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.