MIRA INFORM
REPORT
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Report Date : |
03.01.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
DIAMOND - TRENDS S.R.L. |
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Registered Office : |
Piazza G. Ambrosoli, 13, 15100- |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
19.02.1998 |
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Com. Reg. No.: |
AL-1998-11573 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale of clocks, watches and jewellery |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
10.000 - Eur |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 & address
Diamond - Trends S.r.l.
Piazza G.
Ambrosoli, 13
15100 -
Summary
|
Fiscal Code |
: |
01783780065 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
01/05/1998 |
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Equity |
: |
50.000 Eur |
|
|
: |
1.000.000/1.250.000 Eur |
|
Number of Employees |
: |
from 1 to 5 |
Credit Analysis
|
Credit Opinion |
: |
10.000 - Eur |
Activity
Wholesale of clocks, watches and jewellery
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 01783780065 |
|
Chamber of Commerce no. : 199758 of |
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Firms' Register : AL-1998-11573 |
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V.A.T. Code : 01783780065 |
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R. E. C. no. : 38552 of |
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Establishment date |
: 19/02/1998 |
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Start of Activities |
: 01/05/1998 |
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|
Legal duration |
: 30/06/2050 |
|
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Nominal Capital |
: 30.600 |
Eur |
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Subscribed Capital |
: 30.600 |
Eur |
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Paid up Capital |
: 30.600 |
Eur |
Members
|
|
Canepari |
Davide |
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|
|
Born in |
( |
on 21/03/1976 |
- Fiscal Code : CNPDVD76C21A182C |
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Residence : |
Via |
29 Aprile |
, 42 |
- 15048 |
Valenza |
( |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
12/05/1999 |
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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.
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CANEPARI |
DAVIDE |
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Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
CANEPARI DAVIDE |
Valenza ( |
CNPDVD76C21A182C |
Proprietor |
Withdrawn |
Ceased |
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 |
|
Canepari Davide |
Valenza - IT - |
CNPDVD76C21A182C |
.Eur |
50,00 |
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Spriano Mariella |
|
SPRMLL54H61A182L |
.Eur |
50,00 |
|
Dia Spark B.v.b.a. |
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|
30.141 .Eur |
98,50 |
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 |
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Piazza |
G. Ambrosoli |
, 13 |
- 15100 |
- |
( |
- IT - |
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PHONE |
: 0131/954899 |
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FAX |
: 0131/923328 |
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- |
Branch |
(Sales department ) |
since 01/05/1998 |
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Via |
Xxix Aprile |
, 42 |
- 15048 |
- Valenza |
( |
- IT - |
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PHONE |
: 0131/954899 |
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Employees |
: 2 |
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Fittings and Equipment for a value of 72.000 |
Eur |
|
Stocks for a value of 1.000.000 |
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
Subject is active since 1998
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. -378,47%) The
turnover is falling if compared with the previous financial year (EFAT1E%).
The operating result in 2009 was positive (0,22%) falling within the
field's average.
The amount of the operating result for the year 2009 is of Eur. 9.352
showing a fall as opposed to the previous year (-94,42%).
The G.O.M. amounted to Eur. 11.503 recording a -93,18% decrease.
Financial condition is not balanced as own capitals do not cover debts,
indebtedness level is in fact high (85,24) which is rising compared to 2008.
The equity capital is equal to Eur. 47.616 with a -79,1% fall.
Current liquid assets is positive.
A negative cash flow marked the year 2009 totalling Eur. -178.061.
Labour cost amounts to Eur. 39.734, with a 1,94% incidence on production
costs. and a 3,26% incidence on sales volumes.
Financial incomes cover financial charges.
Financial Data
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Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
1.219.812 |
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Profit (Loss) for the period |
-180.212 |
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Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
1.719.452 |
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Profit (Loss) for the period |
-11.639 |
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Complete balance-sheet for the year |
30/06/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
1.943.188 |
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Profit (Loss) for the period |
120.015 |
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Complete balance-sheet for the year |
30/06/2006 |
(in Eur |
x 1 ) |
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Item Type |
Value |
|
Sales |
1.093.131 |
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Profit (Loss) for the period |
-11.358 |
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Complete balance-sheet for the year |
30/06/2005 |
(in Eur |
x 1 ) |
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Item Type |
Value |
|
Sales |
1.927.349 |
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Profit (Loss) for the period |
27.202 |
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 |
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- Balance Sheet as at 31/12/2008 - 12 Mesi - Currency: Eur - Amounts x
1 |
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- Balance Sheet as at 30/06/2007 - 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 30/06/2007 |
Sector Average |
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COMPOSITION ON
INVESTMENT |
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|
|
|
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Rigidity Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,08 |
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Elasticity Ratio |
Units |
1,00 |
0,99 |
0,99 |
0,90 |
|
Availability of stock |
Units |
0,23 |
0,03 |
0,16 |
0,25 |
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Total Liquidity Ratio |
Units |
0,77 |
0,96 |
0,83 |
0,58 |
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Quick Ratio |
Units |
0,01 |
0,00 |
0,05 |
0,03 |
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COMPOSITION ON SOURCE |
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Net Short-term indebtedness |
Units |
85,24 |
16,66 |
17,84 |
4,11 |
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Self Financing Ratio |
Units |
0,01 |
0,05 |
0,05 |
0,15 |
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Capital protection Ratio |
Units |
4,14 |
0,91 |
0,19 |
0,63 |
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Liabilities consolidation quotient |
Units |
0,00 |
0,00 |
0,00 |
0,11 |
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Financing |
Units |
85,85 |
16,82 |
18,90 |
5,04 |
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Permanent Indebtedness Ratio |
Units |
0,01 |
0,05 |
0,05 |
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. |
0,00 |
1,02 |
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CORRELATION |
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|
|
|
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Fixed assets ratio |
Units |
8,88 |
44,08 |
28,13 |
2,89 |
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Current ratio |
Units |
1,05 |
1,10 |
1,05 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,81 |
1,06 |
0,87 |
0,85 |
|
Structure's primary quotient |
Units |
6,97 |
41,90 |
26,86 |
1,77 |
|
Treasury's primary quotient |
Units |
0,01 |
0,00 |
0,05 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
9.047,89 |
1.857,32 |
1.995,38 |
634,84 |
|
Current Capital ( net ) |
Value |
212.340 |
393.049 |
190.141 |
264.536 |
|
RETURN |
|
|
|
|
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Return on Sales |
% |
- 14,60 |
- 0,62 |
6,25 |
2,24 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
- 378,47 |
- 5,10 |
63,81 |
8,17 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
- 272,97 |
2,90 |
64,62 |
23,98 |
|
Return on Investment ( R.O.I. ) |
% |
0,22 |
3,96 |
- 0,84 |
5,16 |
|
Return/ Sales |
% |
0,77 |
9,75 |
- 1,63 |
3,89 |
|
Extra Management revenues/charges incid. |
% |
- 1.926,99 |
- 6,93 |
n.c. |
27,37 |
|
Cash Flow |
Value |
-178.061 |
-10.697 |
121.561 |
56.925 |
|
Operating Profit |
Value |
9.352 |
167.799 |
-31.790 |
96.744 |
|
Gross Operating Margin |
Value |
11.503 |
168.741 |
-30.244 |
134.262 |
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MANAGEMENT |
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|
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Credits to clients average term |
Days |
n.c. |
n.c. |
534,09 |
121,35 |
|
Debts to suppliers average term |
Days |
n.c. |
1.470,00 |
518,72 |
142,27 |
|
Average stock waiting period |
Days |
294,34 |
34,09 |
116,53 |
65,23 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,28 |
0,40 |
0,51 |
1,37 |
|
Rate of stock return |
Units |
1,22 |
10,55 |
3,08 |
5,48 |
|
Labour cost incidence |
% |
3,26 |
1,05 |
1,62 |
8,02 |
|
Net financial revenues/ charges incidence |
% |
1,55 |
- 0,29 |
7,78 |
- 1,07 |
|
Labour cost on purchasing expenses |
% |
1,94 |
1,92 |
1,59 |
8,14 |
|
Short-term financing charges |
% |
n.c. |
0,13 |
n.c. |
2,47 |
|
Capital on hand |
% |
353,19 |
246,09 |
193,12 |
72,70 |
|
Sales pro employee |
Value |
304.953 |
1.719.452 |
1.943.188 |
416.252 |
|
Labour cost pro employee |
Value |
9.933 |
18.176 |
31.533 |
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:
10.000Eur.
Market / Territory Data
|
Population living in the province |
: |
429.080 |
|
Population living in the region |
: |
4.330.172 |
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Number of families in the region |
: |
1.889.207 |
Monthly family expenses average in the region (in Eur.) :
|
- per food products |
: |
429 |
|
- per non food products |
: |
1.789 |
|
- per energy consume |
: |
135 |
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 27.019 protested subjects are found; in the province they
count to 2.105.
The insolvency index for the region is 0,63, , while for the province it
is 0,50.
Total Bankrupt companies in the province : 1.755.
Total Bankrupt companies in the region : 14.165.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.81 |
|
|
1 |
Rs.59.81 |
|
Euro |
1 |
Rs.69.29 |
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.