MIRA INFORM
REPORT
|
Report Date : |
16.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
BIG FOOT S.R.L. |
|
|
|
|
Registered Office : |
Via Emilia
Levante, 233 48014 - Castel Bolognese
(RA) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
15.02.2006 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of Footwear 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 : |
EUR 130.000 |
|
|
|
|
Status : |
Good |
|
|
|
|
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name and address
Bigfoot S.r.l.
Via Emilia Levante, 233
48014 - Castel Bolognese (RA) -IT-
Summary
|
Fiscal Code |
: |
02218400394 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
15/02/2006 |
|
Equity |
: |
750.000 Eur |
|
|
: |
5.000.000/6.500.000 Eur |
|
Number of Employees |
: |
from 1 to 5 |
Credit Analysis
|
Credit Opinion |
: |
130.000 - Eur |
Activity
Wholesale of footwear and accessories
Wholesale of leather goods; luggage in any material
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 02218400394 |
|
Chamber of Commerce no. : 181951 of |
|
V.A.T. Code : 02218400394 |
|
Establishment date |
: 09/12/2005 |
|
|
Start of Activities |
: 15/02/2006 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 90.000 |
Eur |
|
Subscribed Capital |
: 90.000 |
Eur |
|
Paid up Capital |
: 90.000 |
Eur |
Members
|
Amatori |
Paola |
|
|
|
Born in |
(RA) |
on 23/11/1975 |
- Fiscal Code : MTRPLA75S63D458R |
|
|
|
Residence : |
Via |
Mameli |
, 276 |
- 48014 |
Castel Bolognese |
(RA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
26/07/2007 |
|
|
Companies connected to members *
*checkings have been performed on a national scale.
In this module the companies in which members hold/held positions are
listed.
The Members of the subject firm are not reported to be Members in other
companies.
Capital Shareholders
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Amatori Nazzareno |
Castel Bolognese - IT - |
MTRNZR53D07I287U |
18.000 .Eur |
20,00 |
|
Amatori Paola |
Castel Bolognese - IT - |
MTRPLA75S63D458R |
72.000 .Eur |
80,00 |
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 |
Emilia Levante |
, 233 |
- 48014 |
- Castel Bolognese |
(RA) |
- IT - |
|
|
|
|
Employees |
: 2 |
|
Fittings and Equipment for a value of 7.000 |
Eur |
|
Stocks for a value of 1.040.000 |
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.
Immovables *
*Subject to survey.
None reported in the name of the Firm.
Financial and Economical Analysis
Company's starting of activities dates back to some years ago (2006).
Balance sheets for the years 2007, 2008 and 2009 were analyzed.
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 31,69% in 2009 with a remarkable upward trend (+24,63%
on 2009 compared to 2008 and +0,6% on 2008 compared to 2007).
The operating result in 2009 was positive (12,9%) and in line with the
sector's average.
The amount of the operating result is equal to Eur. 276.084 , on more or
less the same values as in the year before.
During the latest financial year the gross operating margin amounted to
Eur. 302.766 with no sensible increase as against 2008.
The financial status of the company is fairly balanced with an
indebtedness level of 2,41 but with an increase as against the previous
accounting period.
It's shareholders funds amount to Eur. 548.379 , rising by 42,59%.
Total indebtedness totalled Eur. 1.574.982, , rising as opposed to the
previous year (+91,74%).
Current liquid assets is positive.
During financial year 2009 the cash flow amounted to Eur. 200.477
In the last financial year labour cost was of Eur. 52.284, with a 1,05%
incidence on total costs of production. , with a 1% incidence on turnover.
Limited financial charges in relation to sales volume.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
5.220.119 |
|
Profit (Loss) for the period |
173.795 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
4.188.455 |
|
Profit (Loss) for the period |
159.946 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
4.163.098 |
|
Profit (Loss) for the period |
110.434 |
|
|
|
Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
4.158.507 |
|
Profit (Loss) for the period |
36.204 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
0,03 |
0,05 |
0,06 |
0,08 |
|
Elasticity Ratio |
Units |
0,94 |
0,94 |
0,92 |
0,90 |
|
Availability of stock |
Units |
n.c. |
n.c. |
0,00 |
0,25 |
|
Total Liquidity Ratio |
Units |
0,94 |
0,94 |
0,92 |
0,58 |
|
Quick Ratio |
Units |
0,12 |
0,16 |
0,24 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
2,41 |
1,63 |
2,20 |
4,11 |
|
Self Financing Ratio |
Units |
0,26 |
0,32 |
0,23 |
0,15 |
|
Capital protection Ratio |
Units |
0,52 |
0,35 |
0,15 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,01 |
0,01 |
0,00 |
0,11 |
|
Financing |
Units |
2,87 |
2,14 |
3,26 |
5,04 |
|
Permanent Indebtedness Ratio |
Units |
0,26 |
0,32 |
0,23 |
0,28 |
|
M/L term Debts Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
1,02 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
8,23 |
6,30 |
3,83 |
2,89 |
|
Current ratio |
Units |
1,28 |
1,40 |
1,22 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,28 |
1,40 |
1,21 |
0,85 |
|
Structure's primary quotient |
Units |
8,11 |
6,21 |
3,78 |
1,77 |
|
Treasury's primary quotient |
Units |
0,16 |
0,24 |
0,32 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
390,30 |
316,10 |
429,78 |
634,84 |
|
Current Capital ( net ) |
Value |
435.237 |
325.014 |
172.818 |
264.536 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
3,84 |
4,23 |
3,01 |
2,24 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
31,69 |
41,59 |
46,66 |
8,17 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
49,12 |
64,23 |
78,04 |
23,98 |
|
Return on Investment ( R.O.I. ) |
% |
12,90 |
19,63 |
18,52 |
5,16 |
|
Return/ Sales |
% |
5,29 |
5,70 |
4,52 |
3,89 |
|
Extra Management revenues/charges incid. |
% |
62,95 |
67,02 |
58,60 |
27,37 |
|
Cash Flow |
Value |
200.477 |
176.996 |
125.582 |
56.925 |
|
Operating Profit |
Value |
276.084 |
238.643 |
188.443 |
96.744 |
|
Gross Operating Margin |
Value |
302.766 |
255.693 |
203.591 |
134.262 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
n.c. |
n.c. |
59,47 |
121,35 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
60,00 |
142,27 |
|
Average stock waiting period |
Days |
n.c. |
n.c. |
0,57 |
65,23 |
|
Rate of capital employed return ( Turnover ) |
Units |
2,44 |
3,45 |
4,09 |
1,37 |
|
Rate of stock return |
Units |
n.c. |
n.c. |
601,25 |
5,48 |
|
Labour cost incidence |
% |
1,00 |
0,92 |
1,35 |
8,02 |
|
Net financial revenues/ charges incidence |
% |
- 0,13 |
0,20 |
- 0,09 |
- 1,07 |
|
Labour cost on purchasing expenses |
% |
1,05 |
0,96 |
1,40 |
8,14 |
|
Short-term financing charges |
% |
0,44 |
n.c. |
1,02 |
2,47 |
|
Capital on hand |
% |
41,00 |
29,02 |
24,42 |
72,70 |
|
Sales pro employee |
Value |
2.610.059 |
4.188.455 |
1.387.699 |
416.252 |
|
Labour cost pro employee |
Value |
26.142 |
38.447 |
18.790 |
32.474 |
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:
130.000Eur.
Market / Territory Data
|
Population living in the province |
: |
365.369 |
|
Population living in the region |
: |
4.151.369 |
|
Number of families in the region |
: |
1.748.359 |
Monthly family expences average in the region (in Eur.) :
|
- per food products |
: |
425 |
|
- per non food products |
: |
2.063 |
|
- per energy consume |
: |
143 |
Sector Data
The values are calculated on a base of 9.175 significant companies.
The companies cash their credits on an average of 121 dd.
The average duration of suppliers debts is about 142 dd.
The sector's profitability is on an average of 2,24%.
The labour cost affects the turnover in the measure of 8,02%.
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 1,37.
The employees costs represent the 8,14% of the production costs.
Statistical Detrimental Data
The area is statistically considered moderately risky.
In the region 18.860 protested subjects are found; in the province they
count to 2.146.
The insolvency index for the region is 0,46, , while for the province it
is 0,60.
Total Bankrupt companies in the province : 1.073.
Total Bankrupt companies in the region : 14.698.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.45 |
|
|
1 |
Rs.72.90 |
|
Euro |
1 |
Rs.61.43 |
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 Company |
---- |
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.