MIRA INFORM REPORT
|
Report Date : |
28.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
BGB ITALIA S.R.L. |
|
|
|
|
Registered Office : |
Via Pacinotti , 4a, Venezia 30100 |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
13.12.2005 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale Furniture of any Material |
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 : |
68.100 (Euro) |
|
Status : |
Satisfactory |
|
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) |
|
Italy |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Summary
|
Company Name |
|
|
Company Type |
LIMITED LIABILITY COMPANY |
|
Address |
VIA PACINOTTI , 4A |
|
Town |
VENEZIA |
|
Post Code |
30100 |
|
Telephone Number |
0410993347 |
|
Province |
VENEZIA |
|
Fiscal Code |
03653360275 |
|
VAT Number |
03653360275 |
|
Activity Start Date |
15-2-2006 |
|
Incorporation Date |
13-12-2005 |
|
Closure Date |
31-12-2050 |
|
REA Inscription |
326954 on the date of 22-12-2005 |
|
CCIAA province and number |
VE 326954 |
|
Company Status |
Active |
|
Currency |
EURO (€) |
Credit Summary
|
Credit Limit |
68.100 (Euro) |
Capital Information
|
Paid up share capital |
10.000 |
|
Authorised share capital |
10.000 |
|
Subscribed share capital |
10.000 |
Activity
|
SIC Code |
5021 |
|
Business Activity |
|
Financial Data
|
Date of Latest Accounts |
31-12-2009 |
|
Turnover |
3.968.247 |
|
Profit & Loss |
69.565 |
|
Number of Employees |
3 |
Subsidiaries
|
Address |
Type of Premesis |
|
VIA DELLE INDUSTRIE 19/B I16 - VENEZIA (VE) |
COMMERCIAL OFFICE |
|
VIA PACINOTTI 4A - VENEZIA (VE) |
|
Business Activity and Financial
Ratios
|
SIC Code |
5021 |
|
Business Activity |
|
|
Company Purpose |
OGGETTO SOCIALE: LA SOCIETA' HA PER OGGETTO: * L'ATTIVITA' DI IMPORT
EXPORT DI MOBILI E PRODOTTI D ARREDAMENTO E PER LA CASA (OBJECT NAME: COMPANY 'covers: *
ACTIVITY' OF IMPORT
EXPORT OF PRODUCTS
AND FURNITURE AND
HOME FURNISHINGS D) |
|
Ateco Code |
46.47.1 |
|
Ateco Description |
COMMERCIO ALL'INGROSSO DI MOBILI DI QUALSIASI MATERIALE (WHOLESALE FURNITURE OF ANY MATERIAL) |
|
SAE Code |
430 |
|
RAE Code |
630 |
|
Number of Employees |
3 |
|
Paid up share capital |
10.000 (EURO) |
|
Date of Latest Accounts |
31-12-2009 |
|
|
|
|
Key Financial Items |
|
|
Turnover |
3.968.247 |
|
Profit & Loss |
69.565 |
|
Shareholders Equity |
158.854 |
|
Fixed Assets |
201.970 |
Balance Sheet
(Assets)
|
Date |
31-12-2009 |
31-12-2008 |
31-12-2007 |
|
DUE FROM
SHAREHOLDERS FOR SUBSCRIBED SHARE CAPITAL UNPAID |
0 |
0 |
0 |
|
Total Fixed
Assets |
201.970 |
213.949 |
190.491 |
|
- Intangible assets |
4.524 |
1.605 |
7.538 |
|
- Tangible assets |
149.446 |
164.344 |
146.953 |
|
- - Land and Buildings |
124.861 |
129.047 |
133.232 |
|
- Financial assets |
48.000 |
48.000 |
36.000 |
|
- - Amounts owed by assoc./affiliated co.s |
0 |
|
|
|
- - Holdings |
|
|
|
|
- - Treasury stocks |
|
|
|
|
|
|
|
|
|
Total Current
Assets |
438.806 |
370.696 |
380.218 |
|
- Stocks |
0 |
0 |
0 |
|
- - Semi-finished products & Raw
materials |
0 |
0 |
0 |
|
- - Work-in-progress |
|
|
|
|
- Credits |
291.219 |
280.034 |
230.975 |
|
- - Short-term debtors |
288.229 |
280.034 |
230.975 |
|
- - Trade debtors |
184.583 |
145.853 |
149.722 |
|
- - Short-term trade debtors |
184.583 |
145.853 |
149.722 |
|
- Financial assets |
0 |
0 |
0 |
|
- - Treasury stocks |
0 |
0 |
0 |
|
- Cash and bank |
147.587 |
90.662 |
149.243 |
|
Prepayments & Accrued Income |
227.032 |
287.792 |
305.699 |
|
Total Assets |
867.808 |
872.437 |
876.408 |
Liabilities
|
SHAREHOLDERS' EQUITY |
158.854 |
89.287 |
38.083 |
|
- Share capital |
10.000 |
10.000 |
10.000 |
|
- Share premium reserve |
0 |
0 |
0 |
|
- Revaluation reserve |
0 |
0 |
0 |
|
PROVISIONS FOR RISKS & CHARGES |
0 |
0 |
0 |
|
- Provisions for taxation |
0 |
0 |
0 |
|
PROVISION FOR SEVERANCE INDEMNITY |
9.452 |
5.964 |
2.588 |
|
CREDITORS |
693.827 |
777.186 |
817.552 |
|
- Short-term creditors |
571.750 |
612.967 |
662.997 |
|
- Trade creditors |
294.919 |
287.617 |
267.066 |
|
- Amounts due to banks - short term |
106.098 |
122.874 |
108.368 |
|
- Amounts due to banks - medium/long-term |
2.132 |
1.555 |
1.452 |
|
- Accrued expenses and deferred income |
|
|
|
|
PREPAYMENTS
& ACCRUED INCOME |
5.675 |
0 |
119 |
|
TOTAL
LIABILITIES AND SHAREHOLDERS EQUITY |
867.808 |
872.437 |
858.342 |
|
MEMORANDUM
ACCOUNTS |
0 |
0 |
0 |
|
ACCUMULATED
DEPRECIATION OF TANGIBLE ASSETS |
32.609 |
18.454 |
9.686 |
Profit & Loss
|
PRODUCTION VALUE |
4.159.936 |
3.590.692 |
3.154.575 |
|
- Revenues |
3.968.247 |
3.181.326 |
2.830.004 |
|
- TOTAL CHANGES |
- |
- |
- |
|
- Change in stocks of finished goods & work in progress |
|
|
|
|
- Change in stocks of finished goods & work in progress |
- |
- |
- |
|
- Other revenues |
191.689 |
409.366 |
324.571 |
|
PRODUCTION COSTS |
4.044.390 |
3.494.092 |
3.115.851 |
|
- Purchase of raw materials & goods |
3.579.007 |
3.036.517 |
2.713.975 |
|
- Change in materials |
- |
- |
- |
|
CONSUMPTION OF MATERIALS |
3.579.007 |
3.036.517 |
2.713.975 |
|
OVERHEADS |
377.916 |
384.687 |
358.765 |
|
- Provisions for risks & other |
- |
- |
- |
|
VALUE ADDED |
203.013 |
169.488 |
81.835 |
|
STAFF COST |
67.631 |
57.137 |
29.989 |
|
- Provision for severance indemnity |
4.840 |
3.382 |
1.797 |
|
G.O.M. |
-56.307 |
-297.015 |
-272.725 |
|
AMORT./DEPREC/WRITED.
OF FIXED ASSETS |
16.309 |
13.222 |
9.869 |
|
- Amortisation / depreciation / writedowns
|
16.309 |
13.222 |
9.869 |
|
- Amortisation of intangible assets |
3.057 |
3.330 |
3.241 |
|
- Depreciation of tangible assets |
13.252 |
9.892 |
6.628 |
|
PROFIT / (LOSS)
FROM ORDINARY OPERATING ACTIVITIES |
-72.616 |
-310.237 |
-282.594 |
|
OTHER INCOME /
CHARGES |
189.259 |
407.924 |
322.104 |
|
- Interest receivable & similar income
|
1.097 |
1.087 |
786 |
|
OPERATING PROFIT / (LOSS) |
116.643 |
97.687 |
39.510 |
|
FINANCIAL
CHARGES |
6.942 |
6.809 |
6.308 |
|
PROFIT / (LOSS)
BEFORE EXTRAORDINARY OP.S |
109.701 |
90.878 |
33.202 |
|
ADJUSTMENTS TO VALUE
OF FINANCIAL ASSETS (+-) |
- |
- |
- |
|
EXTRAORDINARY
INCOME/CHARGES (+-) |
980 |
-6.226 |
-252 |
|
PROFIT / (LOSS)
BEFORE TAXATION |
110.681 |
84.652 |
32.950 |
|
TAXATION |
41.116 |
33.448 |
18.065 |
|
PROFIT (LOSS)
FOR THE PERIOD |
69.565 |
51.204 |
14.885 |
|
CASH FLOW |
85.874 |
64.426 |
24.754 |
|
EMPLOYEES |
3 |
2 |
|
Ratios
|
Date |
2009 |
2008 |
2007 |
|
Returns Ratios |
|||
|
R.O.E. (Return On Equity) |
43.79 |
57.35 |
39.09 |
|
R.O.I. (Return On Investment) |
-8.37 |
-35.56 |
-32.24 |
|
R.O.S. (Return On Sales) |
2.91 |
3.04 |
1.37 |
|
R.O.A. (Return On Assests) |
13.32 |
11.07 |
4.42 |
|
G.O.M on Returns |
-1.42 |
-9.34 |
-9.64 |
|
Turnover Ratio |
|||
|
Invested Capital Turnover |
457.27 |
364.65 |
322.91 |
|
Current Assets Turnover |
904.33 |
858.2 |
744.31 |
|
Warehouse Turnover |
0 |
0 |
0 |
|
Equity and
Financial Ratios |
|||
|
Fixed Assets Cover |
78.65 |
41.73 |
19.99 |
|
Banks on Current Assets |
24.67 |
33.57 |
28.88 |
|
Short-term Banks on Current Assets |
0.49 |
0.42 |
0.38 |
|
Gearing |
81.69 |
89.77 |
93.59 |
|
Shareholders' Equity / Invested Capital |
18.31 |
10.23 |
4.35 |
|
Financial Charges on Turnover |
0.18 |
0.21 |
0.22 |
|
Financial Charges on G.O.M. |
-12.33 |
-2.29 |
-2.31 |
|
Productivity
Ratios |
|||
|
Turnover per Employee |
0 |
1060442 |
1415002 |
|
Operating Value Added per Employee |
0 |
56496 |
40917.5 |
|
Labour Cost per Employee |
0 |
19045.67 |
14994.5 |
|
Labour Cost on Turnover |
1.7 |
1.8 |
1.06 |
|
Value Added on Turnover |
5.12 |
5.33 |
2.89 |
|
Liquidity Ratios
|
|||
|
Current Ratio |
114.79 |
107.43 |
103.44 |
|
Acid-Test Ratio |
114.79 |
107.43 |
103.44 |
|
Days of Credit to Customers or Duration of Amounts owed by Customers |
16.74 |
16.51 |
19.05 |
|
Days of Credit from Suppliers or Duration of Amounts owed to Suppliers
|
26.83 |
30.27 |
31.29 |
|
Days of Stocks or Duration of Stocks |
0 |
0 |
0 |
|
Rate of intensity of Current Assets |
16.7 |
20.7 |
24.24 |
|
Incidence Ratios
for Cost |
|||
|
Consumption of Materials on Costs |
88.49 |
86.9 |
87.1 |
|
External Costs on Costs |
97.84 |
97.91 |
98.62 |
|
Labour Costs on Costs |
1.67 |
1.64 |
0.96 |
|
Depreciation and Devaluation on Costs |
0.4 |
0.38 |
0.32 |
Protested Bills
|
Body |
Don't Exist |
Possible Match |
Exact Match |
|
BGB ITALIA S.R.L. |
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|
GURJIT SINGH BAINS (executive) |
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HARMEEK KAUR (executive) |
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Directors Information
|
Type |
Executive |
|
Forename |
GURJIT SINGH |
|
Surname |
BAINS |
|
Date of Birth |
28-5-1967 |
|
Gender |
Male |
|
Place of Birth |
GOSLAN (IND) (EE) |
|
Resident Address |
VIA BOCCHERINI , 40/1 30170 - VENEZIA (VE) |
|
Director Fiscal Code |
BNSGJT67E28Z222E |
|
BOARD OF DIRECTORS PRESIDENT since |
13-12-2005 |
|
COUNCILLOR since |
13-12-2005 |
|
|
|
|
Type |
Executive |
|
Forename |
HARMEEK |
|
Surname |
KAUR |
|
Date of Birth |
24-8-1974 |
|
Gender |
Female |
|
Place of Birth |
HARIPUR (IND) (EE) |
|
Resident Address |
VIA BOCCHERINI , 40/1 30170 - VENEZIA (VE) |
|
Director Fiscal Code |
KRAHMK74M64Z222Q |
|
COUNCILLOR since |
13-12-2005 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.40 |
|
UK Pound |
1 |
Rs.73.26 |
|
Euro |
1 |
Rs.65.17 |
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.