MIRA INFORM REPORT

 

 

Report Date :

12.08.2011

 

IDENTIFICATION DETAILS

 

Name :

FREEZING CENTER FISH S.R.L.

 

 

Registered Office :

Strada Bonifica Del Tronto Controguerra 64010

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

27.02.1990

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Maintenance Contract For Cooling

 

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 :

143.300 (Euro)

Status :

Moderate

Payment Behaviour :

Unknown

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 – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

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

FREEZING CENTER FISH S.R.L.

Company Type

LIMITED LIABILITY COMPANY

Address

STRADA BONIFICA DEL TRONTO

Town

CONTROGUERRA

Post Code

64010

Telephone Number

086189764

Province

CONTROGUERRA

Fiscal Code

00758940670

VAT Number

00758940670

Activity Start Date

1-10-1991

Incorporation Date

27-2-1990

Closure Date

31-12-2050

REA Inscription

93959 on the date of 27-4-1990

CCIAA province and number

TE  93959

Company Status

Active

Currency

EURO (€)

 

Credit Rating Summary

 

Credit Limit

143.300 (Euro)

 

Capital Information

 

Paid up share capital

516.500

Authorised share capital

516.500

Subscribed share capital

516.500

 

Activity

 

SIC Code

4222

Business Activity

MAINTENANCE CONTRACT FOR COOLING. MANUFACTURING, PRODUCTION AND MARKETING IS IN YOUR ACCOUNT FOR THAT THIRD OF FRESH FOODS, COOKED, RAW OR OTHERWISE PRESERVED OTHERWISE WITH RESPECT TO THE ABOVE AND ACTIVITIES ', WITH PARTICULAR REFERENCE TO FISH.

Financial Data

 

Date of Latest Accounts

31-12-2009

Turnover

8.941.123

Profit & Loss

12.776

Number of Employees

25

 

Subsidaries

 

Address

Type of Premesis

VIA E. MARI 18  -  ASCOLI PICENO   (AP)

SHOP

STRADA BONIFICA DEL TRONTO  -  CONTROGUERRA   (TE)

 

 

Business Activity and Financial Ratios

 

SIC Code

4222

Business Activity

MAINTENANCE CONTRACT FOR COOLING. MANUFACTURING, PRODUCTION AND MARKETING IS IN YOUR ACCOUNT FOR THAT THIRD OF FRESH FOODS, COOKED, RAW OR OTHERWISE PRESERVED OTHERWISE WITH RESPECT TO THE ABOVE AND ACTIVITIES ', WITH PARTICULAR REFERENCE TO FISH.

Company Purpose

A) LA CONSERVAZIONE FRIGORIFERA PER CONTO TERZI

Ateco Code

52.10.2

Ateco Description

MAGAZZINI FRIGORIFERI PER CONTO TERZI

SAE Code

430

RAE Code

415

Number of Employees

25

Paid up share capital

516.500   (EURO)

Date of Latest Accounts

31-12-2009

 

Key Financial Items

Turnover

8.941.123

Profit & Loss

12.776

Shareholders Equity

5.531.765

Fixed Assets

8.449.731

 

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

8.449.731

8.487.495

2.416.158

- Intangible assets

602.405

496.778

471.856

- Tangible assets

7.846.810

7.990.201

1.943.786

- - Land and Buildings

6.779.664

6.868.904

1.761.782

- Financial assets

516

516

516

- - Amounts owed by assoc./affiliated co.s

0

0

0

- - Holdings

516

516

516

- - Treasury stocks

0

0

0

 

 

 

Total Current Assets

5.614.728

6.672.958

5.694.646

- Stocks

3.325.341

3.863.173

3.459.761

- - Semi-finished products & Raw materials

3.002.335

3.509.573

3.168.604

- - Work-in-progress

 

 

 

- Credits

2.127.491

2.537.009

1.854.670

- - Short-term debtors

2.122.420

2.154.773

1.852.732

- - Trade debtors

2.066.287

2.427.555

1.800.321

- - Short-term trade debtors

2.066.042

2.045.629

1.798.693

- Financial assets

0

0

0

- - Treasury stocks

0

0

0

- Cash and bank

161.896

272.776

380.215

Prepayments & Accrued Income

15.492

15.559

23.125

Total Assets

14.079.951

15.176.012

8.133.929

 

Liabilities

 

SHAREHOLDERS' EQUITY

5.531.765

5.518.987

731.842

- Share capital

516.500

516.500

516.500

- Share premium reserve

0

0

0

- Revaluation reserve

0

5.144.913

0

PROVISIONS FOR RISKS & CHARGES

0

0

0

- Provisions for taxation

0

0

0

PROVISION FOR SEVERANCE INDEMNITY

64.232

136.760

124.302

CREDITORS

8.434.984

9.435.495

7.219.470

- Short-term creditors

4.862.033

5.801.122

4.460.921

- Trade creditors

1.541.191

1.682.666

1.471.303

- Amounts due to banks - short term

3.572.951

3.634.373

2.758.549

- Amounts due to banks - medium/long-term

2.801.101

3.831.786

2.533.921

- Accrued expenses and deferred income

 

 

 

PREPAYMENTS & ACCRUED INCOME

48.970

84.770

58.315

TOTAL LIABILITIES AND SHAREHOLDERS EQUITY

14.079.951

15.176.012

8.133.929

MEMORANDUM ACCOUNTS

0

0

0

ACCUMULATED DEPRECIATION OF TANGIBLE ASSETS

 

 

 

 

Profit & Loss

 

PRODUCTION VALUE

9.043.667

10.046.990

8.983.694

- Revenues

8.941.123

10.025.785

8.982.024

- TOTAL CHANGES

-

-

-

- Change in stocks of finished goods & work in progress

 

 

 

- Change in stocks of finished goods & work in progress

-

-

-

- Other revenues

102.544

21.205

1.670

PRODUCTION COSTS

8.719.163

9.873.410

8.588.894

- Purchase of raw materials & goods

6.194.473

8.291.079

7.178.695

- Change in materials

537.832

-460.233

-528.273

CONSUMPTION OF MATERIALS

6.732.305

7.830.846

6.650.422

OVERHEADS

1.530.646

1.008.466

880.064

- Provisions for risks & other

-

-

-

VALUE ADDED

780.716

1.207.678

1.453.208

STAFF COST

206.862

824.822

823.944

- Provision for severance indemnity

10.924

44.533

44.024

G.O.M.

471.310

361.651

627.594

AMORT./DEPREC/WRITED. OF FIXED ASSETS

220.119

178.565

152.222

- Amortisation / depreciation / writedowns

220.119

178.565

152.222

- Amortisation of intangible assets

72.282

79.698

58.774

- Depreciation of tangible assets

147.837

98.867

93.448

PROFIT / (LOSS) FROM ORDINARY OPERATING ACTIVITIES

251.191

183.086

475.372

OTHER INCOME / CHARGES

73.629

-16.592

-56.142

- Interest receivable & similar income

6.360

6.421

10.502

OPERATING PROFIT / (LOSS)

324.820

166.494

419.230

FINANCIAL CHARGES

421.820

483.478

644.869

PROFIT / (LOSS) BEFORE EXTRAORDINARY OP.S

-97.000

-316.984

-225.639

ADJUSTMENTS TO VALUE OF FINANCIAL ASSETS (+-)

-

-

-

EXTRAORDINARY INCOME/CHARGES (+-)

155.849

-6.890

-1.156

PROFIT / (LOSS) BEFORE TAXATION

58.849

-323.874

-226.795

TAXATION

46.073

33.893

62.119

PROFIT (LOSS) FOR THE PERIOD

12.776

-357.767

-288.914

CASH FLOW

232.895

-179.202

-136.692

EMPLOYEES

25

44

 

 

Ratios

 

Date

2009

2008

2007

Returns Ratios

R.O.E. (Return On Equity)

0.23

0

0

R.O.I. (Return On Investment)

1.78

1.21

5.84

R.O.S. (Return On Sales)

3.63

1.73

4.39

R.O.A. (Return On Assests)

2.31

1.14

4.85

G.O.M on Returns

5.27

3.61

6.99

Turnover Ratio

Invested Capital Turnover

63.5

66.06

110.43

Current Assets Turnover

159.24

150.25

157.73

Warehouse Turnover

268.88

259.52

259.61

Equity and Financial Ratios

Fixed Assets Cover

65.47

65.03

30.29

Banks on Current Assets

113.52

111.89

92.94

Short-term Banks on Current Assets

49.89

57.42

44.5

Gearing

60.71

63.63

91

Shareholders' Equity / Invested Capital

39.29

36.37

9

Financial Charges on Turnover

4.72

4.82

7.18

Financial Charges on G.O.M.

89.5

133.69

102.75

Productivity Ratios

Turnover per Employee

0

401031.4

204136.91

Operating Value Added per Employee

0

48307.12

33027.45

Labour Cost per Employee

0

32992.88

18726

Labour Cost on Turnover

2.31

8.23

9.17

Value Added on Turnover

8.73

12.05

16.18

Liquidity Ratios

Current Ratio

114.54

107.14

126.48

Acid-Test Ratio

46.83

41.51

49.92

Days of Credit to Customers or Duration of Amounts owed by Customers

83.2

87.17

72.16

Days of Credit from Suppliers or Duration of Amounts owed to Suppliers

71.82

65.14

65.73

Days of Stocks or Duration of Stocks

133.89

138.72

138.67

Rate of intensity of Current Assets

62.91

62.9

63.64

Incidence Ratios for Cost

Consumption of Materials on Costs

77.21

79.31

77.43

External Costs on Costs

94.77

89.53

87.68

Labour Costs on Costs

2.37

8.35

9.59

Depreciation and Devaluation on Costs

2.53

1.81

1.77

 

Protested Bills

 

Body

Possible Match

Exact Match

FREEZING CENTER FISH S.R.L.

 

 

GIANFRANCO   ANTONIANI (executive)

 

 

 

Directors Information

 

Power of Statute (board)

The Chief Executive, The COAMMINISTRATORI OR THE BOARD OF DIRECTORS ARE INVESTED MORE OF 'BROAD COMPANY'. IN PARTICULAR THEY ARE POWERS TO THE ORDINARY AND EXTRAORDINARY SHAREHOLDERS OF THE CO ...

Type

Executive

Forename

GIANFRANCO

Surname

ANTONIANI

Date of Birth

11-4-1940

Gender

Male

Place of Birth

COMO (CO)

Resident Address

VIA CAVOUR , 3   63039  -  SAN BENEDETTO DEL TRONTO   (AP)

Director Fiscal Code

NTNGFR40D11C933P

MANAGING DIRECTOR since

27-2-1990

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.27

UK Pound

1

Rs.73.34

Euro

1

Rs.64.58

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.