MIRA
INFORM REPORT
|
Report Date : |
01.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
BIEFFE GROUP S.R.L. MARBLE E GRANITE |
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|
|
Registered Office : |
Via Sant' Andrea,54 25080- Nuvolento(BS) |
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Country : |
Italy |
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|
|
Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
09.04.1996 |
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Com. Reg. No.: |
57992 |
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|
Legal Form : |
Limited Liability Company |
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|
|
|
Line of Business : |
Cutting and carving of stone and marble |
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|
No. of Employees : |
From 1 to 5 |
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 : |
35.000 - Eur |
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Italy |
A2 |
A2 |
|
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 |
Company name and address
Bieffe Group S.r.l. Marble E Granite
Via Sant' Andrea,54
25080- Nuvolento(BS)-IT-
Summary
|
Fiscal Code |
: |
01644780064 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
09/04/1996 |
|
Equity |
: |
150.000 Eur |
|
Turnover Range |
: |
1.000.000/1.250.000 Eur |
|
Number of Employees |
: |
from 1 to 5 |
Credit Analysis
|
Credit Opinion |
: |
35.000 - Eur |
Activity
Cutting and carving of stone and marble
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 01644780064 |
|
Foreign Trade Reg. no. : BS061041 since 02/10/1996 |
|
Chamber of Commerce no. : 361494 of Brescia since 08/01/1996 |
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Firms' Register : 57992 |
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V.A.T. Code : 03339030177 |
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Establishment date |
: 24/01/1995 |
|
|
Start of Activities |
: 09/04/1996 |
|
|
Legal duration |
: 31/12/2100 |
|
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Nominal Capital |
: 10.400 |
Eur |
|
Subscribed Capital |
: 10.400 |
Eur |
|
Paid up Capital |
: 10.400 |
Eur |
Members
|
|
Bresciani |
Claudio |
|
|
|
Born in Nuvolento |
(BS) |
on 04/03/1960 |
- Fiscal Code : BRSCLD60C04F989S |
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|
|
Residence : |
Via |
S. Andrea |
, 60 |
- 25080 |
Nuvolento |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
14/10/1995 |
|
|
|
|
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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|
BRESCIANI |
CLAUDIO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
CAVE MARMO ROSSO VERONA S.R.L. |
Torri del Benaco (VR) - IT - |
02681120230 |
Sole Director |
Active |
Registered |
|
CONSORZIO PRODUTTORI MARMO BOTTICINO
CLASSICO |
Botticino (BS) - IT - |
02910590179 |
Director |
Active |
Registered |
|
LA CIMA DI BRESCIANI RODOLFO E FIGLI SRL |
Paitone (BS) - IT - |
00003890175 |
Director |
Active |
Registered |
|
LA CIMA DI BRESCIANI RODOLFO E FIGLI SRL |
Paitone (BS) - IT - |
00003890175 |
Working partner |
Active |
Registered |
|
LA CIMA DI BRESCIANI RODOLFO E FIGLI SRL |
Paitone (BS) - IT - |
00003890175 |
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 |
|
La Cima Di Bresciani Rodolfo E Figli Srl |
Paitone - IT - |
00003890175 |
5.200 .Eur |
50,00 |
|
Bresciani Claudio |
Nuvolento - IT - |
BRSCLD60C04F989S |
2.600 .Eur |
25,00 |
|
Bresciani Walter |
|
BRSWTR68L19D940E |
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:
|
- |
Legal and operative seat |
|
|
|
|
|
|
Via |
Sant'andrea |
, 54 |
- 25080 |
- Nuvolento |
(BS) |
- IT - |
|
|
|
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PHONE |
: 030/691732 |
|
- |
Branch |
(Workshop ) |
since 09/04/1996 |
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|
|
|
|
Via |
Gardesana |
- 25080 |
- Nuvolera |
(BS) |
- IT - |
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|
|
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PHONE |
: 030/691732 |
|
- |
Branch |
|
since 11/05/1998 |
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|
|
|
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Via |
A.moro |
, 1 |
- 25080 |
- Paitone |
(BS) |
- IT - |
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|
|
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PHONE |
: 030/691732 |
|
|
|
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Employees |
: 1 |
|
Stocks for a value of 30.000 |
Eur |
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
The company is active since 1996
The economic-financial analysis has been made on the base of the b/s of
the latests three years.
During the last years, it achieved profits (r.o.e. 9,88% on 2010) with a
good increase in turnover (+60,7% in 2010 compared to 2009 and +37,23% in 2009
compared to 2008).
The operating result in 2010 was positive (2,23%) falling within the
field's average.
The amount of the operating result for the year 2010 is of Eur. 24.721
with a -25,51% drop.
The gross operating margin of the latest financial year is of Eur.
56.952 with no sensible increase as against 2009.
The analysis shows a fair financial position as the indebtedness volume
is acceptable (1,75) with an improving trend as on the decrease.
The equity capital is equal to Eur. 146.693 on the same levels as the
year before.
Total indebtedness was equal to Eur. 959.787 (Eur. 418.300 was the value
of m/l term debts) , rising as opposed to the previous year (+28,33%).
The financial exposure is moderate, on the other hand the recourse to
commercial credit is high, with a high average payment period besides being
higher than sector's average.
Liquid assets are not adequate to subject's needs.
Trade credits average terms are 39,19 days. , lower than the sector's
average.
As far as the cash flow is concerned during the latest financial year it
amounted to Eur. 46.720
The financial charges do not negatively affect the management, as they
are covered by the incomes.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
1.185.996 |
|
Profit (Loss) for the period |
14.489 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
738.015 |
|
Profit (Loss) for the period |
6.923 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
537.764 |
|
Profit (Loss) for the period |
10.393 |
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 31/12/2010 - 12 Mesi - Currency: Eur - Amounts x
1 |
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- 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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RATIOS |
Value Type |
as at 31/12/2010 |
as at 31/12/2009 |
as at 31/12/2008 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,51 |
0,70 |
0,83 |
0,29 |
|
Elasticity Ratio |
Units |
0,49 |
0,30 |
0,17 |
0,69 |
|
Availability of stock |
Units |
0,03 |
0,02 |
0,02 |
0,23 |
|
Total Liquidity Ratio |
Units |
0,46 |
0,28 |
0,15 |
0,41 |
|
Quick Ratio |
Units |
0,26 |
0,04 |
0,07 |
0,01 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
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Net Short-term indebtedness |
Units |
1,75 |
2,27 |
1,11 |
1,78 |
|
Self Financing Ratio |
Units |
0,13 |
0,15 |
0,17 |
0,27 |
|
Capital protection Ratio |
Units |
0,83 |
0,87 |
0,83 |
0,69 |
|
Liabilities consolidation quotient |
Units |
0,77 |
1,23 |
2,20 |
0,23 |
|
Financing |
Units |
6,54 |
5,66 |
4,79 |
2,41 |
|
Permanent Indebtedness Ratio |
Units |
0,51 |
0,62 |
0,74 |
0,46 |
|
M/L term Debts Ratio |
Units |
0,38 |
0,47 |
0,57 |
0,13 |
|
Net Financial Indebtedness Ratio |
Units |
0,78 |
2,73 |
2,78 |
0,98 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
0,99 |
0,88 |
0,89 |
1,51 |
|
Current ratio |
Units |
0,99 |
0,78 |
0,67 |
1,20 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,94 |
0,72 |
0,59 |
0,75 |
|
Structure's primary quotient |
Units |
0,26 |
0,21 |
0,21 |
0,83 |
|
Treasury's primary quotient |
Units |
0,53 |
0,10 |
0,26 |
0,02 |
|
Rate of indebtedness ( Leverage ) |
% |
754,33 |
666,80 |
581,41 |
366,48 |
|
Current Capital ( net ) |
Value |
-3.678 |
-75.054 |
-62.702 |
233.017 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
3,94 |
4,96 |
7,19 |
3,37 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
9,88 |
5,24 |
8,30 |
3,34 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
19,77 |
14,14 |
8,30 |
11,22 |
|
Return on Investment ( R.O.I. ) |
% |
2,23 |
3,77 |
3,73 |
4,00 |
|
Return/ Sales |
% |
2,08 |
4,50 |
5,05 |
4,88 |
|
Extra Management revenues/charges incid. |
% |
58,61 |
20,86 |
38,23 |
19,82 |
|
Cash Flow |
Value |
46.720 |
36.594 |
38.692 |
65.183 |
|
Operating Profit |
Value |
24.721 |
33.190 |
27.183 |
108.595 |
|
Gross Operating Margin |
Value |
56.952 |
62.861 |
55.482 |
167.146 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
39,19 |
82,68 |
25,93 |
131,41 |
|
Debts to suppliers average term |
Days |
151,43 |
152,78 |
125,25 |
111,40 |
|
Average stock waiting period |
Days |
9,23 |
8,67 |
9,94 |
96,30 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,07 |
0,84 |
0,74 |
0,84 |
|
Rate of stock return |
Units |
39,00 |
41,52 |
36,21 |
3,72 |
|
Labour cost incidence |
% |
n.c. |
n.c. |
0,05 |
14,94 |
|
Net financial revenues/ charges incidence |
% |
0,36 |
- 1,83 |
- 2,61 |
- 2,29 |
|
Labour cost on purchasing expenses |
% |
n.c. |
n.c. |
0,05 |
14,35 |
|
Short-term financing charges |
% |
n.c. |
1,83 |
2,50 |
3,61 |
|
Capital on hand |
% |
93,30 |
119,45 |
135,45 |
118,11 |
|
Sales pro employee |
Value |
n.c. |
|
|
209.056 |
|
Labour cost pro employee |
Value |
n.c. |
|
|
33.287 |
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:
35.000 Eur.
Market / Territory Data
|
Population living in the province |
: |
1.169.259 |
|
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 588 significant companies.
The companies cash their credits on an average of 131 dd.
The average duration of suppliers debts is about 111 dd.
The sector's profitability is on an average of 3,37%.
The labour cost affects the turnover in the measure of 14,94%.
Goods are held in stock in a range of 96 dd.
The difference between the sales volume and the resources used to
realize it is about 0,84.
The employees costs represent the 14,35% 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 5.551.
The insolvency index for the region is 0,55, , while for the province it
is 0,48.
Total Bankrupt companies in the province : 3.452.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.16 |
|
|
1 |
Rs.81.29 |
|
Euro |
1 |
Rs.69.47 |
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.