MIRA INFORM REPORT
|
Report Date : |
11.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
MACOR DI TRUCAZZANO S.R.L |
|
|
|
|
Registered Office : |
Piazza S. Maria Beltrade, 1, 20100 – Milano
(MI) |
|
|
|
|
Country : |
|
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|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
11.09.1980 |
|
|
|
|
Com. Reg. No.: |
MI146-197914 since 19/02/1996 |
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|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of chemicals and chemical products |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
70.000 Eur |
|
Status : |
Moderate |
|
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 & address
Macor di Trucazzano S.r.l.
Piazza S. Maria
Beltrade, 1
20100 - Milano (MI) -IT-
Summary
|
Fiscal Code |
: |
04857620159 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
01/09/1981 |
|
Equity |
: |
80.000 Eur |
|
|
: |
10.000.000/12.750.000 Eur |
|
Number of Employees |
: |
from 11 to 15 |
Credit
Analysis
|
Credit Opinion |
: |
70.000 - Eur |
Activity
MANUFACTURE OF CHEMICALS AND CHEMICAL
PRODUCTS
Manufacture of machinery for the food,
beverage and tobacco industries
Legal
Data
Legal Form : Limited liability company
|
Fiscal Code : 04857620159 |
|
Foreign Trade Reg. no. : MI115119 since
27/01/1992 |
|
Foreign Trade Reg. no. : 115119 of Milano
since 27/01/1992 |
|
Chamber of Commerce no. : 1048633 of
Milano since 24/09/1980 |
|
Firms' Register : MI146-197914 since 19/02/1996 |
|
V.A.T. Code : 04857620159 |
|
Foundation date |
: 11/09/1980 |
|
|
Establishment date |
: 11/09/1980 |
|
|
Start of Activities |
: 01/09/1981 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 10.400 |
Eur |
|
Subscribed Capital |
: 10.400 |
Eur |
|
Paid up Capital |
: 10.400 |
Eur |
Members
|
|
Viotti |
Maria Grazia |
|
|
Born in Milano |
(MI) |
on 07/06/1956 |
- Fiscal Code : VTTMGR56H47F205L |
|
|
|
Residence : |
Via |
Bassi Ugo |
, 1/C |
- 20159 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
|
25/06/2010 |
|
|
|
|
Lotto |
Graziella |
|
|
|
Born in |
(BS) |
on 09/10/1950 |
- Fiscal Code : LTTGZL50R49B157Q |
|
|
|
Residence : |
Via |
Marzabotto |
, 22 |
- 20066 |
Melzo |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
07/07/2009 |
|
|
|
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.
|
|
LOTTO |
GRAZIELLA |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
I A B S.R.L. INDUSTRIA ALIMENTARE BRESCIANA
IN LIQUIDAZIONE |
Milano (MI) - IT - |
13073670153 |
Sole Director |
Withdrawn |
Registered |
|
I A B S.R.L. INDUSTRIA ALIMENTARE
BRESCIANA IN LIQUIDAZIONE |
Milano (MI) - IT - |
13073670153 |
Liquidator |
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 |
|
CO-PACK ITALIA S.R.L. |
Truccazzano - IT - |
03274670151 |
5.304 .Eur |
51,00 |
|
Novaglio Annalisa |
Melzo - IT - |
NVGNLS84L50B157R |
1.248 .Eur |
12,00 |
|
Novaglio Remo Stefano |
Melzo - IT - |
NVGRST47M03F851S |
1.248 .Eur |
12,00 |
|
AMBI S S |
|
80161140159 |
2.600 .Eur |
25,00 |
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:
|
- |
Registered
office |
|
|
|
|
|
Piazza |
S. Maria Beltrade |
, 1 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
|
|
|
PHONE |
: 02/9583136 |
|
- |
Operative seat |
since 15/09/1986 |
|
|
|
|
|
Via |
Monte Grappa |
, 6 |
- 20060 |
- Truccazzano |
(MI) |
- IT - |
|
|
|
|
PHONE |
: 02/9583136 |
|
|
|
|
FAX |
: 02/9583707 |
|
|
|
|
Employees |
: 13 |
|
Fittings and Equipment for a value of
1.570.000 |
Eur |
|
Stocks for a value of 1.560.000 |
Eur |
|
Vehicles : 2. |
The firm has a direct commercial
organization
The company sells in
|
|
The firm operates abroad as importer /
exporter. .
To purchase foreign products the firm uses the
following channels :
|
- national or foreign important buyers |
Export represents up to 20% of the global
turnover.
Products abroad are placed by :
|
- its own sales net-work |
Import comes generally from the following
nations:
|
- Belgio |
|
- |
|
- |
|
- Olanda |
|
- Francia |
|
- Gran Bretagna |
Traded
Brands / Suppliers
|
- Prada |
Historical Information and/or Firm's Status
EX-MEMBERS /
EX-POSITIONS:
|
|
Lotto |
Graziella |
|
|
|
Born in |
on 09/10/1950 |
- Fiscal Code : LTTGZL50R49F119U |
|
|
|
Residence : |
Via |
MARZABOTTO |
, 22 |
- 20066 |
Melzo |
(MI) |
- IT - |
|
Ex-Postions |
|
Sole Director |
|
|
Cardamellis |
Giorgio Attilio |
|
|
|
Born in Milano |
on 04/10/1964 |
- Fiscal Code : CRDGGT64R04F205Y |
|
|
|
Residence : |
Vicolo |
Fiori |
, 2 |
- 20121 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
CEASINGS/INCORPORATIONS/MERGES:
|
The firm
absorbed by merging of |
|
|
|
MACOR SRL |
|
|
|
, 20100 |
, Milano |
(MI) |
- IT - |
|
|
|
Date |
: |
01/09/1981 |
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 1981
An eco-fin analysis has been made on the
base od the b/s fo the years 2007, 2008 and 2009.
During the last years, it achieved profits
(r.o.e. 11,8% on 2009) but without a significant increase in the turnover.
The operating result in 2009 was positive
(0,16%) falling within the field's average.
The operating result is positive and amounts
to Eur. 16.962 increasing if compared to the yeart 2008.
The gross operating margin of the latest
financial year is of Eur. 408.124 showing an upward trend if compared to 2008.
Short-term debts volume if compared to net
worth, as it comes out from the total indebtedness (39,8) which is anyway
decreasing.
With regard to equity capital, an amount of
Eur. 70.748 is registered. , unchanged if compared to 2008.
In the year 2009 total debts amounted to
Eur. 10.614.065 , with no sensible variation.
Considerable bank indebtedness; on the other
hand the recourse to suppliers' credit is slightly high however still within the
sector's average.
It shows a good range of liquidity.
Trade credits average terms are slow, on
average 159,18 days. within the standard level of the average of the sector.
As far as the cash flow is concerned during
the latest financial year it amounted to Eur. 399.511
During 2009 financial year labour costs
amounted to Eur. 481.680, with a 4,14% incidence on production costs. , with a
4,15% incidence on turnover.
If compared to the sales volume (-0,02%),
the impact of the financial charges is limited.
Financial
Data
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
11.600.990 |
|
Profit (Loss) for the period |
8.349 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
12.429.833 |
|
Profit (Loss) for the period |
1.468 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
13.467.805 |
|
Profit (Loss) for the period |
1.316 |
|
|
|
Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
12.580.556 |
|
Profit (Loss) for the period |
668 |
|
|
|
Complete balance-sheet for the year |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
12.235.936 |
|
Profit (Loss) for the period |
1.075 |
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 |
0,36 |
0,35 |
0,31 |
0,18 |
|
Elasticity Ratio |
Units |
0,63 |
0,64 |
0,68 |
0,80 |
|
Availability of stock |
Units |
0,14 |
0,15 |
0,19 |
0,14 |
|
Total Liquidity Ratio |
Units |
0,49 |
0,48 |
0,48 |
0,60 |
|
Quick Ratio |
Units |
0,02 |
0,01 |
0,01 |
0,02 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
39,80 |
49,62 |
62,63 |
2,16 |
|
Self Financing Ratio |
Units |
0,01 |
0,00 |
0,00 |
0,26 |
|
Capital protection Ratio |
Units |
0,73 |
0,80 |
0,80 |
0,66 |
|
Liabilities consolidation quotient |
Units |
2,58 |
2,25 |
1,80 |
0,16 |
|
Financing |
Units |
150,03 |
167,97 |
180,18 |
2,57 |
|
Permanent Indebtedness Ratio |
Units |
0,72 |
0,69 |
0,64 |
0,43 |
|
M/L term Debts Ratio |
Units |
0,71 |
0,68 |
0,63 |
0,08 |
|
Net Financial Indebtedness Ratio |
Units |
103,24 |
111,69 |
112,63 |
0,65 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,98 |
1,95 |
2,04 |
1,92 |
|
Current ratio |
Units |
2,28 |
2,10 |
1,92 |
1,36 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,77 |
1,59 |
1,36 |
1,05 |
|
Structure's primary quotient |
Units |
0,02 |
0,01 |
0,01 |
1,48 |
|
Treasury's primary quotient |
Units |
0,07 |
0,05 |
0,03 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
15.422,50 |
17.229,89 |
18.419,75 |
372,32 |
|
Current Capital ( net ) |
Value |
3.873.656 |
3.612.815 |
3.672.380 |
686.347 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
3,44 |
0,37 |
2,97 |
4,39 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
11,80 |
2,35 |
2,15 |
5,77 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
30,92 |
23,45 |
29,50 |
15,95 |
|
Return on Investment ( R.O.I. ) |
% |
0,16 |
- 0,22 |
0,22 |
5,23 |
|
Return/ Sales |
% |
0,15 |
- 0,19 |
0,18 |
4,42 |
|
Extra Management revenues/charges incid. |
% |
49,22 |
n.c. |
5,27 |
36,54 |
|
Cash Flow |
Value |
399.511 |
46.615 |
400.202 |
208.937 |
|
Operating Profit |
Value |
16.962 |
-24.423 |
24.960 |
215.676 |
|
Gross Operating Margin |
Value |
408.124 |
20.724 |
423.846 |
394.883 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
159,18 |
144,97 |
140,11 |
126,43 |
|
Debts to suppliers average term |
Days |
98,89 |
100,29 |
107,53 |
120,50 |
|
Average stock waiting period |
Days |
48,42 |
48,38 |
59,90 |
39,25 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,06 |
1,15 |
1,19 |
1,30 |
|
Rate of stock return |
Units |
7,44 |
7,43 |
6,00 |
9,16 |
|
Labour cost incidence |
% |
4,15 |
3,89 |
3,45 |
12,27 |
|
Net financial revenues/ charges incidence |
% |
- 0,02 |
- 0,02 |
- 0,06 |
- 0,88 |
|
Labour cost on purchasing expenses |
% |
4,14 |
3,87 |
3,45 |
12,41 |
|
Short-term financing charges |
% |
0,03 |
0,03 |
0,08 |
2,34 |
|
Capital on hand |
% |
94,05 |
86,49 |
83,33 |
76,83 |
|
Sales pro employee |
Value |
892.383 |
956.141 |
961.986 |
320.061 |
|
Labour cost pro employee |
Value |
37.052 |
37.221 |
33.215 |
37.322 |
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:
70.000Eur.
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 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 328
significant companies.
The companies cash their credits on an
average of 126 dd.
The average duration of suppliers debts is
about 120 dd.
The sector's profitability is on an average
of 4,39%.
The labour cost affects the turnover in the
measure of 12,27%.
Goods are held in stock in a range of 39 dd.
The difference between the sales volume and
the resources used to realize it is about 1,30.
The employees costs represent the 12,41% of
the production costs.
Statistical
Detrimental Data
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.44.04 |
|
|
1 |
Rs.72.20 |
|
Euro |
1 |
Rs.63.40 |
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 |
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.