MIRA
INFORM REPORT
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Report Date : |
07.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
VINCENZO CAPUTO
S.R.L. |
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Registered Office : |
Via
Circumvallazione, 41 80049 - Somma Vesuviana (NA) -IT- |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
07.11.1990 |
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Com. Reg. No.: |
NA049-1990-5576 since 19/02/1996 |
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Legal Form : |
Sole-Member Limited Liability Company. |
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Line of Business : |
Processing and Preserving of Fruit and Vegetables. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
40.000 Eur. |
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Status : |
Moderate |
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Payment Behaviour : |
No complaints |
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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) |
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A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name and address
Vincenzo Caputo S.r.l.
Via
Circumvallazione, 41
80049 - Somma Vesuviana (NA) -IT-
Summary
|
Fiscal Code |
: |
06167290631 |
|
Legal Form |
: |
Sole-Member Limited Liability Company |
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start of Activities |
: |
07/11/1990 |
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Equity |
: |
Over 2.582.254 Eur |
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|
: |
6.500.000/7.750.000 Eur |
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Number of Employees |
: |
from 16 to 25 |
Credit Analysis
|
Credit Opinion |
: |
40.000 - Eur |
Activity
Processing and preserving of fruit and vegetables
Other processing and preserving of fruit and vegetables
Legal Data
Legal Form : Sole-Member Limited Liability Company
|
Fiscal Code : 06167290631 |
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Foreign Trade Reg. no. : NA036858 since 12/09/2001 |
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Foreign Trade Reg. no. : 036858 of |
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Chamber of Commerce no. : 477280 of |
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Firms' Register : NA049-1990-5576 since 19/02/1996 |
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V.A.T. Code : 01505301216 |
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Establishment date |
: 12/09/1990 |
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Start of Activities |
: 07/11/1990 |
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Legal duration |
: 31/12/2050 |
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Nominal Capital |
: 1.500.000 |
Eur |
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Subscribed Capital |
: 1.500.000 |
Eur |
|
Paid up Capital |
: 1.500.000 |
Eur |
Members
|
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Caputo |
Angelo |
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Born in |
(NA) |
on 13/06/1971 |
- Fiscal Code : CPTNGL71H13F839I |
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Residence : |
Via |
Santa Caterina |
, 67 |
- 80121 |
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(NA) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
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Sole Director |
12/09/1990 |
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Sole partner |
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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.
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CAPUTO |
ANGELO |
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Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
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CONSORZIO DI TUTELA NOCCIOLA DI GIFFONI I.G.P. |
Giffoni Valle Piana (SA) - IT - |
04854750652 |
Director |
Active |
Registered |
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VINCENZO CAPUTO E FIGLI S.N.C. |
Somma Vesuviana (NA) - IT - |
00667270631 |
Partner of
unlimit. partnership |
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 |
|
Caputo Angelo |
|
CPTNGL71H13F839I |
|
100,00 |
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 |
|
Eximport Finanziaria - S.R.L. |
Roma - IT - |
06332840583 |
2.580 .Eur |
0,83 |
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Active |
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Consorzio Di Tutela Nocciola Di Giffoni I.g.p. |
Giffoni Valle Piana - IT - |
04854750652 |
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Active |
Firm's location and structure
In order to carry out its activities the firm uses the following
locations:
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- |
Legal and operative seat |
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Via |
Circumvallazione |
, 41 |
- 80049 |
- Somma Vesuviana |
(NA) |
- IT - |
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PHONE |
: 081/8992326 |
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FAX |
: 081/8991376 |
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Employees |
: 21 |
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Fittings and Equipment for a value of 1.200.000 |
Eur |
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Stocks for a value of 2.890.000 |
Eur |
Historical Information and/or Firm's Status
CEASINGS/INCORPORATIONS/MERGES:
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Project of merging by taking over of |
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VINCENZO CAPUTO E FIGLI S.N.C. |
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Via |
Circumvallazione |
, 80049 |
, Somma Vesuviana (NA) |
- IT - |
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Fiscal Code: 00667270631 |
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Date |
Merging/splitting-up project : |
21/04/2004 |
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The firm absorbed by merging of |
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VINCENZO CAPUTO E FIGLI S.N.C. |
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Via |
Circumvallazione |
, 80049 |
, Somma Vesuviana (NA) |
- IT - |
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Fiscal Code: 00667270631 |
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Date |
: |
14/09/2004 |
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 |
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UNICREDIT BANCA SPA |
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2008 |
0 |
Financial and Economical Analysis
Subject is active since 1990
The analysis is based on the latest 3 balance sheets.
In the economic management , good and bad results followed on by turns.
; in the last financial year a loss was registered (r.o.e. -7,59%) Upward trend
as to the turnover in the last financial year (+12,85%).
The operating result is negative.
The operating result is negative (Eur. -88.861).
The GOM is negative and amounts to Eur. -7.987.
Very good financial situation: shareholder's equity covers short-terms
debts with an indebtedness level equal to 0,76 improved in comparison with the
year before (0,85.).
It's shareholders funds amount to Eur. 4.356.919 on stable levels.
Total debts recorded amounted to Eur. 5.999.376 (Eur. 2.559.398 of which
were m/l term debts) , rising as opposed to the previous year (+26,44%).
Available funds are good.
A negative cash flow marked the year 2009 totalling Eur. -249.630.
Labour cost amounts to Eur. 635.533, with a 9,15% incidence on
production costs. , whereas the incidence of such costs on sales revenues is
equal to 9,27%.
Finacial chareges are high: the incidence on sales volume amounts to
-3,28%
Financial Data
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Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
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Item Type |
Value |
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Sales |
6.859.302 |
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Profit (Loss) for the period |
-330.504 |
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Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
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Item Type |
Value |
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Sales |
6.078.091 |
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Profit (Loss) for the period |
70.890 |
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Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
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Item Type |
Value |
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Sales |
5.761.028 |
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Profit (Loss) for the period |
33.965 |
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Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
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Item Type |
Value |
|
Sales |
5.302.853 |
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Profit (Loss) for the period |
-176.163 |
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 |
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- Balance Sheet as at 31/12/2008 - 12 Mesi - Currency: Eur - Amounts x
1 |
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- 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 |
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COMPOSITION ON
INVESTMENT |
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Rigidity Ratio |
Units |
0,48 |
0,48 |
0,16 |
0,28 |
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Elasticity Ratio |
Units |
0,52 |
0,51 |
0,82 |
0,69 |
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Availability of stock |
Units |
0,27 |
0,30 |
0,33 |
0,20 |
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Total Liquidity Ratio |
Units |
0,25 |
0,21 |
0,48 |
0,41 |
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Quick Ratio |
Units |
0,01 |
0,02 |
0,00 |
0,02 |
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COMPOSITION ON
SOURCE |
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Net Short-term indebtedness |
Units |
0,76 |
0,85 |
10,83 |
3,13 |
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Self Financing Ratio |
Units |
0,41 |
0,48 |
0,06 |
0,18 |
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Capital protection Ratio |
Units |
0,73 |
0,66 |
- 0,26 |
0,68 |
|
Liabilities consolidation quotient |
Units |
0,78 |
0,17 |
0,22 |
0,19 |
|
Financing |
Units |
1,38 |
1,01 |
13,21 |
4,17 |
|
Permanent Indebtedness Ratio |
Units |
0,66 |
0,55 |
0,24 |
0,36 |
|
M/L term Debts Ratio |
Units |
0,25 |
0,07 |
0,17 |
0,12 |
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Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
10,39 |
1,38 |
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CORRELATION |
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Fixed assets ratio |
Units |
1,37 |
1,14 |
1,41 |
1,24 |
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Current ratio |
Units |
1,62 |
1,20 |
1,09 |
1,10 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,78 |
0,49 |
0,65 |
0,72 |
|
Structure's primary quotient |
Units |
0,85 |
0,99 |
0,40 |
0,75 |
|
Treasury's primary quotient |
Units |
0,04 |
0,05 |
0,00 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
245,79 |
208,79 |
1.452,92 |
543,51 |
|
Current Capital ( net ) |
Value |
2.116.032 |
831.112 |
659.689 |
226.699 |
|
RETURN |
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|
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Return on Sales |
% |
- 3,64 |
3,89 |
4,26 |
3,38 |
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Return on Equity - Net- ( R.O.E. ) |
% |
- 7,59 |
1,51 |
5,47 |
1,98 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
- 6,99 |
5,32 |
10,55 |
8,20 |
|
Return on Investment ( R.O.I. ) |
% |
- 0,83 |
5,18 |
2,50 |
3,38 |
|
Return/ Sales |
% |
- 1,30 |
8,34 |
3,92 |
3,16 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
13,99 |
15,03 |
16,64 |
|
Cash Flow |
Value |
-249.630 |
236.206 |
245.692 |
196.287 |
|
Operating Profit |
Value |
-88.861 |
506.899 |
225.853 |
155.019 |
|
Gross Operating Margin |
Value |
-7.987 |
672.215 |
437.580 |
349.488 |
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MANAGEMENT |
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|
|
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Credits to clients average term |
Days |
n.c. |
n.c. |
260,78 |
105,58 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
125,64 |
137,60 |
|
Average stock waiting period |
Days |
151,51 |
175,09 |
188,92 |
77,25 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,64 |
0,62 |
0,63 |
1,01 |
|
Rate of stock return |
Units |
2,38 |
2,06 |
1,90 |
4,65 |
|
Labour cost incidence |
% |
9,27 |
10,42 |
11,06 |
10,64 |
|
Net financial revenues/ charges incidence |
% |
- 3,28 |
- 5,24 |
- 5,43 |
- 1,49 |
|
Labour cost on purchasing expenses |
% |
9,15 |
11,34 |
11,50 |
10,49 |
|
Short-term financing charges |
% |
4,19 |
6,71 |
3,88 |
2,74 |
|
Capital on hand |
% |
156,12 |
161,02 |
156,53 |
98,64 |
|
Sales pro employee |
Value |
428.706 |
289.432 |
303.212 |
294.543 |
|
Labour cost pro employee |
Value |
39.720 |
30.167 |
33.564 |
31.995 |
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 |
: |
3.092.859 |
|
Population living in the region |
: |
5.788.986 |
|
Number of families in the region |
: |
1.966.064 |
Monthly family expences average in the region (in Eur.) :
|
- per food products |
: |
475 |
|
- per non food products |
: |
1.304 |
|
- per energy consume |
: |
79 |
Sector Data
The values are calculated on a base of 288 significant companies.
The companies cash their credits on an average of 105 dd.
The average duration of suppliers debts is about 137 dd.
The sector's profitability is on an average of 3,38%.
The labour cost affects the turnover in the measure of 10,64%.
Goods are held in stock in a range of 77 dd.
The difference between the sales volume and the resources used to
realize it is about 1,01.
The employees costs represent the 10,49% of the production costs.
Statistical Detrimental Data
The area is statistically considered remarkably risky.
In the region 80.616 protested subjects are found; in the province they
count to 41.815.
The insolvency index for the region is 1,40, , while for the province it
is 1,36.
Total Bankrupt companies in the province : 18.217.
Total Bankrupt companies in the region : 28.514.
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.