MIRA
INFORM REPORT
|
Report Date : |
27.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
TECNOTEAM S.R.L. |
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Registered Office : |
Via Mazzini,88/90 22070- Cirimido(CO) |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
15.01.1987 |
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Com. Reg. No.: |
20920 |
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|
Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of textile machinery, machinery and systems for auxiliary treatment of textiles, sewing and weaving machines (including spar e parts and accessories) |
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 : |
80.000 - Eur |
|
Status : |
Satisfactory |
|
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 |
|
Insignificant |
A1 |
|
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 |
Name and address
Tecnoteam S.r.l.
Via Mazzini,88/90
22070- Cirimido(CO)-IT-
Summary
|
Fiscal Code |
: |
01659370132 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
15/01/1987 |
|
Equity |
: |
250.000 Eur |
|
|
: |
3.000.000/3.750.000 Eur |
|
Number of Employees |
: |
from 26 to 35 |
Credit Analysis
|
Credit Opinion |
: |
80.000 - Eur |
Activity
Manufacture of textile machinery, machinery
and systems for auxiliary treatment of textiles, sewing and weaving machines
(including spare parts and accessories)
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 01659370132 |
|
Foreign Trade Reg. no. : CO036210 since
15/04/1994 |
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Chamber of Commerce no. : 206693 of |
|
Firms' Register : 20920 |
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V.A.T. Code : 01659370132 |
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Foundation date |
: 15/01/1987 |
|
|
Establishment date |
: 15/01/1987 |
|
|
Start of Activities |
: 15/01/1987 |
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|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 78.000 |
Eur |
|
Subscribed Capital |
: 78.000 |
Eur |
|
Paid up Capital |
: 78.000 |
Eur |
Members
|
|
Crimella |
Graziano |
|
|
|
Born in Albese Con Cassano |
(CO) |
on 21/01/1952 |
- Fiscal Code : CRMGZN52A21A153I |
|
|
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Residence : |
Via |
C.cattaneo |
, 3 |
- 22032 |
Albese Con Cassano |
(CO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
14/03/2011 |
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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.
|
|
CRIMELLA |
GRAZIANO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
CIDUE IMMOBILIARE S.R.L. |
Cirimido (CO) - IT - |
03080980133 |
Board Chairman |
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 |
|
Crimella Graziano |
Albese Con Cassano - IT - |
CRMGZN52A21A153I |
58.500 .Eur |
75,00 |
|
Carnini Giuseppina |
|
CRNGPP60B66E051I |
19.500 .Eur |
25,00 |
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 |
|
Apicaf S.p.a. |
|
02522640123 |
1 .Eur |
|
|
|
Active |
Firm's location and structure
In order to carry out its activities the
firm uses the following locations:
|
- |
Legal and
operative seat |
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|
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Via |
Mazzini |
, 88/90 |
- 22070 |
- Cirimido |
(CO) |
- IT - |
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|
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PHONE |
: 031/3520022 |
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|
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FAX |
: 031/938822 |
|
- |
Branch |
(Warehouse ) |
since 04/07/2006 |
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|
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Via |
Toti |
, 28 |
- 22070 |
- Limido Comasco |
(CO) |
- IT - |
|
- |
Branch |
(Store ) |
since 01/11/2009 |
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|
|
|
|
Via |
Europa |
, 4 |
- 22070 |
- Cirimido |
(CO) |
- IT - |
|
|
|
|
Employees |
: 34 |
|
Fittings and Equipment for a value of
12.000 |
Eur |
|
Stocks for a value of 55.000 |
Eur |
Historical Information and/or Firm's Status
CEASINGS/INCORPORATIONS/MERGES:
|
|
Splitting-up and
setting-up of a new company |
|
|
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CIDUE
IMMOBILIARE S.R.L. |
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|
|
Date |
Splitting-up : |
07/12/2007 |
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
The eonomic-financial analysis is based on
the latest 3 b/s.
Unstable economic results mark the company's
financial state of affairs. ; in the last financial year a loss was registered
(r.o.e. -0,06%) Business volume is falling in the last financial year.
The operating result in 2009 was positive
(1,83%) and in line with the sector's average.
The amount of the operating result for the
year 2009 is of Eur. 44.508 showing a downwards trend equal to -59,77% if
compared to the value of the financial year 2008.
The economic management produced a gross
operating margin of Eur. 70.417 showing a drop (-49,31%).
Equity is good since liquid assets exceed
short term debts.
It's shareholders funds amount to Eur.
224.675 on the same levels as the year before.
Total indebtedness amounts to Eur.
1.159.766, , decreasing if compared to 2008 (-24,49%).
Current liquid assets is positive.
Eur. 25.768 is the value of cash flow during
the year 2009
Labour cost expenses amount to Eur.
1.206.402 , representing 36,66% on the total of production costs. , whereas the
incidence on sales revenues is of 36,18%.
The financial management is positive as
incomes are higher than the charges.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
3.334.497 |
|
Profit (Loss) for the period |
-141 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
5.324.994 |
|
Profit (Loss) for the period |
46.787 |
|
|
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Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
4.356.219 |
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Profit (Loss) for the period |
34.673 |
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Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
4.177.157 |
|
Profit (Loss) for the period |
22.587 |
|
|
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Complete balance-sheet for the year |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
3.624.157 |
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Profit (Loss) for the period |
-53.139 |
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 |
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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 |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,02 |
0,03 |
0,02 |
0,14 |
|
Elasticity Ratio |
Units |
0,97 |
0,97 |
0,97 |
0,83 |
|
Availability of stock |
Units |
0,02 |
0,03 |
0,08 |
0,22 |
|
Total Liquidity Ratio |
Units |
0,95 |
0,94 |
0,89 |
0,55 |
|
Quick Ratio |
Units |
0,61 |
0,39 |
0,36 |
0,04 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
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Net Short-term indebtedness |
Units |
n.c. |
2,10 |
2,78 |
3,07 |
|
Self Financing Ratio |
Units |
0,09 |
0,08 |
0,06 |
0,19 |
|
Capital protection Ratio |
Units |
0,65 |
0,44 |
0,36 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,39 |
0,27 |
0,30 |
0,18 |
|
Financing |
Units |
5,16 |
6,83 |
8,12 |
3,74 |
|
Permanent Indebtedness Ratio |
Units |
0,28 |
0,23 |
0,23 |
0,35 |
|
M/L term Debts Ratio |
Units |
0,19 |
0,15 |
0,16 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
0,00 |
0,68 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
11,80 |
8,62 |
9,98 |
2,15 |
|
Current ratio |
Units |
2,04 |
1,74 |
1,75 |
1,26 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,99 |
1,68 |
1,60 |
0,91 |
|
Structure's primary quotient |
Units |
3,93 |
3,00 |
2,87 |
1,24 |
|
Treasury's primary quotient |
Units |
1,28 |
0,69 |
0,65 |
0,07 |
|
Rate of indebtedness ( Leverage ) |
% |
1.082,85 |
1.226,23 |
1.464,28 |
522,89 |
|
Current Capital ( net ) |
Value |
1.203.031 |
1.137.777 |
1.097.419 |
420.263 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
0,77 |
1,41 |
1,46 |
3,40 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
- 0,06 |
20,81 |
19,47 |
6,99 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
31,81 |
67,77 |
92,55 |
23,56 |
|
Return on Investment ( R.O.I. ) |
% |
1,83 |
4,01 |
5,19 |
5,48 |
|
Return/ Sales |
% |
1,33 |
2,08 |
3,11 |
4,86 |
|
Extra Management revenues/charges incid. |
% |
- 0,32 |
42,29 |
25,58 |
25,43 |
|
Cash Flow |
Value |
25.768 |
75.078 |
63.959 |
100.067 |
|
Operating Profit |
Value |
44.508 |
110.643 |
135.537 |
129.376 |
|
Gross Operating Margin |
Value |
70.417 |
138.934 |
164.823 |
197.492 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
n.c. |
n.c. |
110,48 |
128,44 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
120,92 |
151,43 |
|
Average stock waiting period |
Days |
5,96 |
6,44 |
18,14 |
65,66 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,37 |
1,93 |
1,67 |
1,19 |
|
Rate of stock return |
Units |
60,37 |
55,89 |
19,80 |
5,43 |
|
Labour cost incidence |
% |
36,18 |
26,13 |
30,35 |
18,22 |
|
Net financial revenues/ charges incidence |
% |
0,41 |
0,71 |
0,56 |
- 1,10 |
|
Labour cost on purchasing expenses |
% |
36,66 |
27,22 |
30,92 |
18,70 |
|
Short-term financing charges |
% |
0,00 |
0,02 |
0,01 |
2,51 |
|
Capital on hand |
% |
72,96 |
51,77 |
59,84 |
83,78 |
|
Sales pro employee |
Value |
98.073 |
108.673 |
124.463 |
213.359 |
|
Labour cost pro employee |
Value |
35.482 |
28.401 |
37.785 |
35.786 |
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:
80.000 Eur.
Market / Territory Data
|
Population living in the province |
: |
560.941 |
|
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 1.206
significant companies.
The companies cash their credits on an
average of 128 dd.
The average duration of suppliers debts is
about 151 dd.
The sector's profitability is on an average
of 3,40%.
The labour cost affects the turnover in the
measure of 18,22%.
Goods are held in stock in a range of 65 dd.
The difference between the sales volume and
the resources used to realize it is about 1,19.
The employees costs represent the 18,70% 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 3.842.
The insolvency index for the region is 0,55,
, while for the province it is 0,70.
Total Bankrupt companies in the province :
2.010.
Total Bankrupt companies in the region :
39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.59 |
|
|
1 |
Rs.73.44 |
|
Euro |
1 |
Rs.64.81 |
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.