MIRA INFORM
REPORT
|
Report Date : |
03.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
LA QUADRIFOGLIO MARMI E GRANITI S.R.L. |
|
|
|
|
Registered Office : |
Via Dei Marmisti, 45 Volargne, 37010- Pastrengo (VR) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
09.07.1985 |
|
|
|
|
Com. Reg. No.: |
VR091-21346 since 19/02/1996 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Cutting and carving of stone and marble |
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 : |
250.000 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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
a2 |
a2 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
La Quadrifoglio Marmi E Graniti S.r.l.
Via Dei Marmisti, 45 Volargne
37010 - Pastrengo (VR) -IT-
Summary
|
Fiscal Code |
: |
01793490234 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
01/08/1986 |
|
Equity |
: |
1.000.000 Eur |
|
|
: |
12.750.000/15.500.000 Eur |
|
Number of Employees |
: |
from 11 to 15 |
Credit Analysis
|
Credit Opinion |
: |
250.000 - Eur |
Activity
Cutting and carving of stone and marble
Wholesale of other building materials
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 01793490234 |
|
Foreign Trade Reg. no. : VR007884 since 05/12/1991 |
|
Chamber of Commerce no. : 88625 of Nuoro |
|
Chamber of Commerce no. : 196734 of |
|
Firms' Register : VR091-21346 since 19/02/1996 |
|
V.A.T. Code : 01793490234 |
|
R. E. C. no. : 4320 of |
|
Establishment date |
: 09/07/1985 |
|
|
Start of Activities |
: 01/08/1986 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 750.000 |
Eur |
|
Subscribed Capital |
: 750.000 |
Eur |
|
Paid up Capital |
: 750.000 |
Eur |
Members
|
|
Scancella |
Anna |
|
|
|
Born in Frasso Sabino |
(RI) |
on 05/06/1949 |
- Fiscal Code : SCNNNA49H45D785E |
|
|
|
Residence : |
Via |
Michelangelo Buonarroti |
, 13 |
- 08028 |
Orosei |
(NU) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
23/04/2009 |
|
|
No Protests registered.
|
|
Buonfigli |
Marco |
|
|
|
Born in Fossombrone |
(PS) |
on 13/02/1976 |
- Fiscal Code : BNFMRC76B13D749U |
|
|
|
Residence : |
Via |
Michelangelo Buonarroti |
, 13 |
- 08028 |
Orosei |
(NU) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
03/12/2004 |
|
|
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.
|
|
SCANCELLA |
ANNA |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
ARREDOBAGNI S.R.L. |
Orosei (NU) - IT - |
00163720915 |
Director |
Withdrawn |
Ceased |
|
BUONFIGLI BUSINESS SERVICES S.R.L. IN BREVE B.B. SERVICES S.R.L. |
Orosei (NU) - IT - |
01135520912 |
Director |
Active |
Registered |
|
BUONFIGLI BUSINESS SERVICES S.R.L. IN BREVE B.B. SERVICES S.R.L. |
Orosei (NU) - IT - |
01135520912 |
Attorney with
special power |
Active |
Registered |
|
CONSORZIO PROGETTO MARMO - PER LA PROMOZIONE DEL MARMO, DEI GRANI TI,
DELLE PIET |
|
02702640232 |
Director |
Withdrawn |
Registered |
|
MARMI SCANCELLA S.R.L. |
Orosei (NU) - IT - |
02006380923 |
Sole Director |
Active |
Registered |
|
SARDO ITALIANA MARMI GRANITI S.R.L (SIGLA: S.I.M.G. S.R.L.) |
Orosei (NU) - IT - |
00058260910 |
Managing
Director |
Withdrawn |
Registered |
|
SARDO ITALIANA MARMI GRANITI S.R.L (SIGLA: S.I.M.G. S.R.L.) |
Orosei (NU) - IT - |
00058260910 |
Director |
Active |
Registered |
|
SARDO ITALIANA MARMI GRANITI S.R.L (SIGLA: S.I.M.G. S.R.L.) |
Orosei (NU) - IT - |
00058260910 |
Attorney with
special power |
Active |
Registered |
|
|
BUONFIGLI |
MARCO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
BUONFIGLI BUSINESS SERVICES S.R.L. IN BREVE B.B. SERVICES S.R.L. |
Orosei (NU) - IT - |
01135520912 |
Board Chairman |
Active |
Registered |
|
MARMI SCANCELLA S.R.L. |
Orosei (NU) - IT - |
02006380923 |
Institor |
Active |
Registered |
|
SARDO ITALIANA MARMI GRANITI S.R.L (SIGLA: S.I.M.G. S.R.L.) |
Orosei (NU) - IT - |
00058260910 |
Director |
Active |
Registered |
|
SARDO ITALIANA MARMI GRANITI S.R.L (SIGLA: S.I.M.G. S.R.L.) |
Orosei (NU) - IT - |
00058260910 |
Attorney with
special power |
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 |
|
Cordusio Societa' Fiduciaria Per Azioni |
Milano - IT - |
01855720155 |
600.000 .Eur |
80,00 |
|
Scancella Anna |
Orosei - IT - |
SCNNNA49H45D785E |
150.000 .Eur |
20,00 |
|
Gestioni Separate S.r.l. |
|
03278920925 |
.Eur |
50,00 |
Direct Participations
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares
Amount |
% Ownership |
since |
until |
Share Status |
|
Terminale Ferroviario Valpolicella S.p.a. Per Brevita' T.f.v. S.p.a. |
Sant'Ambrogio di Valpolicella - IT - |
02037360233 |
15.000 .Eur |
0,82 |
|
|
Active |
|
Atelieritaliano S.r.l. |
|
03731090233 |
3.000 .Eur |
14,28 |
|
|
Active |
Firm's location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
|
|
|
|
|
Via |
Dei Marmisti |
, 45 |
- 37010 |
- Pastrengo |
(VR) |
- IT - |
|
|
|
|
PHONE |
: 045/7731000 |
|
- |
Branch |
(Warehouse ) |
since 07/01/2007 |
|
|
|
|
|
Strada |
Statale 125 |
- 08028 |
- Orosei |
(NU) |
- IT - |
|
|
|
|
Employees |
: 11 |
|
Fittings and Equipment for a value of 140.000 |
Eur |
|
Stocks for a value of 4.000.000 |
Eur |
The firm operates abroad as importer / exporter. .
To purchase foreign products the firm uses the following channels :
|
- national or foreign important buyers |
|
- distributors |
|
- direct orders to foreign companies |
Export represents more than 50% of the global turnover.
Products abroad are placed by :
|
- national or foreign important buyers |
|
- its own agents |
|
- its own foreign branches |
|
- direct orders from foreign companies |
Import comes generally from the following nations:
|
- Irlanda |
|
- Grecia |
|
- |
Export is mainly towards:
|
- Belgio |
|
- Irlanda |
|
- |
Historical Information and/or Firm's Status
EX-MEMBERS / EX-POSITIONS:
|
|
Zeccagno |
Germano |
|
|
|
Born in Albettone |
on 21/08/1946 |
- Fiscal Code : ZCCGMN46M21A154M |
|
|
|
Residence : |
Via |
Ca' Marchesa |
, 11 |
- 36020 |
Albettone |
(VI) |
- IT - |
|
Ex-Postions |
|
Sole Director |
|
|
Baldi |
Alessandro |
|
|
|
Born in |
on 16/07/1941 |
- Fiscal Code : BLDLSN41L16L781Q |
|
|
|
Residence : |
Via |
Casette |
, 26 |
- 37010 |
Cavaion Veronese |
(VR) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Lorenzini |
Fiorenzo |
|
|
|
Born in Costermano |
on 18/01/1957 |
- Fiscal Code : LRNFNZ57A18D118Z |
|
|
|
Residence : |
Localita' |
Baesse |
, 36/B |
- 37010 |
Costermano |
(VR) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Gatti |
Federica |
|
|
|
Born in Bussolengo |
on 31/03/1963 |
- Fiscal Code : GTTFRC63C71B296T |
|
|
|
Residence : |
Via |
Cesare Abba |
, 12 |
- 37100 |
|
(VR) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
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
The company is active since 1986
The economic-financial analysis has been made on the base of the b/s of
the latests three years.
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 14,25% in 2009 with an increase in 2009 (+29,9%).
The operating result was positive in the last financial year (6,38%) and
in line with the sector's average.
The amount of the operating result for the year 2009 is of Eur. 607.034
with a 43,64% growth.
The G.O.M. amounted to Eur. 690.609 showing a 39,86% growth.
The ratio between shareholder's equity and borrowed capital is not well
balanced, the indebtedness level is equal to 8,51 but on the decrease if
compared to the year before.
With regard to equity capital, an amount of Eur. 952.958 is registered.
, unchanged if compared to 2008.
Total indebtedness was equal to Eur. 8.463.373 (Eur. 313.646 was the
value of m/l term debts) showing a stable trend as opposed to 2008 (Eur.
7.994.901).
Both financial indebtedness and suppliers exposure are rather high
however still within the sector's average.
It shows a good range of liquidity.
Trade credits average terms are slow, on average 116,84 days. but in
line with the sector.
Eur. 219.325 is the value of cash flow during the year 2009
During 2009 financial year labour costs amounted to Eur. 472.249, with a
3,73% incidence on production costs. and a 3,54% incidence on sales volumes.
The incidence percentage of financial charges on sales volume is equal
to -2,47%.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
13.350.086 |
|
Profit (Loss) for the period |
135.750 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
10.276.504 |
|
Profit (Loss) for the period |
1.954 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
11.233.932 |
|
Profit (Loss) for the period |
95.318 |
|
|
|
Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
10.044.543 |
|
Profit (Loss) for the period |
53.557 |
|
|
Complete balance-sheet for the year |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
7.516.629 |
|
Profit (Loss) for the period |
45.340 |
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 |
|
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|
|
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 |
0,08 |
0,06 |
0,02 |
0,10 |
|
Elasticity Ratio |
Units |
0,92 |
0,93 |
0,98 |
0,88 |
|
Availability of stock |
Units |
0,42 |
0,45 |
0,44 |
0,21 |
|
Total Liquidity Ratio |
Units |
0,50 |
0,47 |
0,54 |
0,60 |
|
Quick Ratio |
Units |
0,00 |
0,01 |
0,03 |
0,02 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
8,51 |
9,29 |
7,56 |
4,25 |
|
Self Financing Ratio |
Units |
0,10 |
0,09 |
0,11 |
0,15 |
|
Capital protection Ratio |
Units |
0,32 |
0,36 |
0,25 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,05 |
0,04 |
0,06 |
0,10 |
|
Financing |
Units |
8,88 |
9,78 |
8,19 |
5,13 |
|
Permanent Indebtedness Ratio |
Units |
0,14 |
0,13 |
0,16 |
0,27 |
|
M/L term Debts Ratio |
Units |
0,04 |
0,03 |
0,05 |
0,06 |
|
Net Financial Indebtedness Ratio |
Units |
3,70 |
6,10 |
3,90 |
1,37 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,76 |
1,92 |
8,80 |
2,27 |
|
Current ratio |
Units |
1,07 |
1,07 |
1,17 |
1,17 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,58 |
0,55 |
0,64 |
0,88 |
|
Structure's primary quotient |
Units |
1,23 |
1,35 |
5,96 |
1,41 |
|
Treasury's primary quotient |
Units |
0,00 |
0,02 |
0,03 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
998,57 |
1.090,97 |
931,50 |
642,31 |
|
Current Capital ( net ) |
Value |
573.164 |
562.286 |
1.059.739 |
237.601 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
1,64 |
0,71 |
1,37 |
2,35 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
14,25 |
0,23 |
11,69 |
9,18 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
26,43 |
12,73 |
29,12 |
24,88 |
|
Return on Investment ( R.O.I. ) |
% |
6,38 |
4,74 |
7,64 |
5,29 |
|
Return/ Sales |
% |
4,55 |
4,11 |
5,17 |
3,80 |
|
Extra Management revenues/charges incid. |
% |
22,36 |
0,46 |
16,43 |
29,89 |
|
Cash Flow |
Value |
219.325 |
73.138 |
153.990 |
72.037 |
|
Operating Profit |
Value |
607.034 |
422.599 |
580.301 |
111.392 |
|
Gross Operating Margin |
Value |
690.609 |
493.783 |
638.973 |
157.181 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
116,84 |
140,61 |
118,29 |
122,43 |
|
Debts to suppliers average term |
Days |
140,42 |
97,27 |
121,21 |
140,58 |
|
Average stock waiting period |
Days |
107,96 |
141,58 |
107,79 |
50,79 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,40 |
1,15 |
1,48 |
1,45 |
|
Rate of stock return |
Units |
3,33 |
2,54 |
3,34 |
7,00 |
|
Labour cost incidence |
% |
3,54 |
4,77 |
4,46 |
7,00 |
|
Net financial revenues/ charges incidence |
% |
- 2,47 |
- 3,06 |
- 2,98 |
- 0,99 |
|
Labour cost on purchasing expenses |
% |
3,73 |
5,00 |
4,70 |
7,12 |
|
Short-term financing charges |
% |
3,91 |
4,01 |
5,31 |
2,32 |
|
Capital on hand |
% |
71,28 |
86,75 |
67,60 |
68,54 |
|
Sales pro employee |
Value |
1.026.929 |
861.400 |
936.161 |
481.724 |
|
Labour cost pro employee |
Value |
36.326 |
41.139 |
41.767 |
33.060 |
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:
250.000Eur.
Market / Territory Data
|
Population living in the province |
: |
860.796 |
|
Population living in the region |
: |
4.699.950 |
|
Number of families in the region |
: |
1.813.210 |
Monthly family expenses average in the region (in Eur.) :
|
- per food products |
: |
456 |
|
- per non food products |
: |
2.052 |
|
- per energy consume |
: |
127 |
Sector Data
The values are calculated on a base of 6.137 significant companies.
The companies cash their credits on an average of 122 dd.
The average duration of suppliers debts is about 140 dd.
The sector's profitability is on an average of 2,35%.
The labour cost affects the turnover in the measure of 7,00%.
Goods are held in stock in a range of 50 dd.
The difference between the sales volume and the resources used to
realize it is about 1,45.
The employees costs represent the 7,12% of the production costs.
Statistical Detrimental Data
The area is statistically considered lowly risky.
In the region 13.782 protested subjects are found; in the province they
count to 2.673.
The insolvency index for the region is 0,30, , while for the province it
is 0,31.
Total Bankrupt companies in the province : 2.982.
Total Bankrupt companies in the region : 16.714.
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.