MIRA
INFORM REPORT
|
Report Date : |
05.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
SELEA I.R. S.R.L. |
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Registered Office : |
Viale Industria,29 27025 - Gambolo' (PV) |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
10.03.1975 |
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Com. Reg. No.: |
PV177-2494 since 19/02/1996 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of rubber products |
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 : |
15.000 - 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 |
Name and address
Selea I.r. S.r.l.
Viale Industria, 29
27025 - Gambolo' (PV)
Summary
Fiscal Code : 00287870182
Legal Form : Limited liability company
start of
Activities : 10/03/1975
Equity : 200.000 Eur
Number of
Employees : from 1 to 5
Credit Analysis
Credit Opinion : 15.000 - Eur
Activity
Manufacture of rubber products
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 00287870182 |
|
Foreign Trade Reg. no. : PV003604 since 09/12/1991 |
|
Foreign Trade Reg. no. : 3604 of |
|
Chamber of Commerce no. : 107986 of |
|
Chamber of Commerce no. : 107986 of Fermo |
|
Chamber of Commerce no. : 134600 of |
|
Firms' Register : PV177-2494 since 19/02/1996 |
|
V.A.T. Code : 00287870182 |
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Foundation date |
: 05/03/1974 |
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|
Establishment date |
: 05/03/1974 |
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Start of Activities |
: 10/03/1975 |
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|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 98.800 |
Eur |
|
Subscribed Capital |
: 98.800 |
Eur |
|
Paid up Capital |
: 98.800 |
Eur |
Members
|
|
Guallini |
Luisella |
|
|
|
Born in |
(PV) |
on 18/11/1973 |
- Fiscal Code : GLLLLL73S58L872Y |
|
|
|
Residence : |
Via |
Bramante |
, 8 |
- 27029 |
|
(PV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
19/09/2003 |
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|
No Protests registered.
|
|
Ranzini |
Silvana |
|
|
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Born in |
(PV) |
on 16/05/1942 |
- Fiscal Code : RNZSVN42E56L872L |
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|
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Residence : |
Via |
Bramante |
, 8 |
- 27029 |
|
(PV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
08/11/2005 |
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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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|
RANZINI |
SILVANA |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
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STUDIO CONT |
|
01713320180 |
Limited Partner |
Withdrawn |
Ceased |
Capital Shareholders
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Guallini Luisella |
|
GLLLLL73S58L872Y |
79.040 .Eur |
80,00 |
|
Ranzini Silvana |
|
RNZSVN42E56L872L |
19.760 .Eur |
20,00 |
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 |
|
PEUGE INDUSTRIA GOMMA S.R.L. |
|
00447450180 |
32.915 .Eur |
74,98 |
|
|
Ceased |
|
Confidi-pavia |
|
80015880182 |
250 .Eur |
0,48 |
|
|
Ceased |
Firm's location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
since 05/03/1974 |
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|
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Viale |
Industria |
, 29 |
- 27025 |
- Gambolo' |
(PV) |
- IT - |
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|
|
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PHONE |
: 0381/938521 |
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|
|
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FAX |
: 0381/939454 |
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- |
Branch |
(Warehouse ) |
since 12/04/1988 |
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|
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Contrada |
Campiglione |
, 20 |
- 63023 |
- Fermo |
(FM) |
- IT - |
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Employees |
: 5 |
|
Fittings and Equipment for a value of 480.000 |
Eur |
|
Stocks for a value of 490.000 |
Eur |
|
Furniture and fittings for a value of 62.000 |
Eur |
|
Vehicles for a value of 130.000 |
Eur |
The firm operates abroad as importer / exporter. .
To purchase foreign products the firm uses the following channels :
|
- distributors |
Export represents from 20% to 50% of the global turnover.
Products abroad are placed by :
|
- its own agents |
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- direct orders from foreign companies |
Import comes generally from the following nations:
|
- |
Export is mainly towards:
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- Gran Bretagna |
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- Irlanda |
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- |
|
- |
Historical Information and/or Firm's Status
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Joint stock company |
Limited liability company |
23/12/1988 |
EX-MEMBERS / EX-POSITIONS:
|
|
Gaulio |
Valentino |
|
|
|
Born in |
on 25/01/1961 |
- Fiscal Code : GLAVNT61A25G388D |
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Residence : |
Via |
PIAVE |
, 54 |
- 27020 |
Scaldasole |
(PV) |
- IT - |
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Ex-Postions |
|
Attorney with special power |
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Guallini |
Pier Luigi |
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Born in Gambolo' |
on 25/12/1932 |
- Fiscal Code : GLLPLG32T25D901N |
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Fiscal residence : |
Viale |
Industria |
, 29 |
- 27025 |
Gambolo' |
(PV) |
- IT - |
|
Ex-Postions |
|
Sole Director |
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.
Bankers
The firm operates with:
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
|
CAB Code |
|
INTESA SANPAOLO SPA |
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|
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|
3069 |
0 |
Immovables *
*Subject to survey.
|
Immovable Type |
Value |
|
Real estates |
56.810 - Eur |
NB.: For Capital Companies the value of the Immovables is the one
reported in the latest available financial documents.
Financial and Economical Analysis
Subject is active since 1975
The economic-financial analysis has been made on the base of the b/s of
the latests three years.
Under the financial profile unstable results are noted. with a profit
(r.o.e. 2,5%) in the last financial year
The operating result was positive in the last financial year (1,87%)
falling within the field's average.
The amount of the operating result for the year 2009 is of Eur. 36.136
showing an upward trend more then 100% compared to the previous financial year.
A gross operating margine for a value of Eur. 79.626 was reached.
showing an upward trend if compared to 2008.
Short-term debts volume if compared to net worth, as it comes out from
the total indebtedness (9,11) which tends downward.
With regard to equity capital, an amount of Eur. 165.152 is registered.
, unchanged as opposed to the preceding year.
During the last financial year total debts volume reached Eur. 1.717.516
(Eur. 20.758 were m/l term ones) showing a stable trend as opposed to 2008
(Eur. 1.562.762).
Liquidity range isn't very considerable.
Eur. 47.626 is the value of cash flow during the year 2009
Labour cost amounts to Eur. 259.641, with a 12,31% incidence on
production costs. and a 12,12% incidence on sales volumes.
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 |
2.142.813 |
|
Profit (Loss) for the period |
4.136 |
|
|
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Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
2.194.880 |
|
Profit (Loss) for the period |
-34.279 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
2.018.322 |
|
Profit (Loss) for the period |
8.031 |
|
|
|
Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
1.960.888 |
|
Profit (Loss) for the period |
6.299 |
|
|
|
Complete balance-sheet for the year |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
1.109.028 |
|
Profit (Loss) for the period |
4.302 |
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 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 |
0,14 |
0,15 |
0,16 |
0,20 |
|
Elasticity Ratio |
Units |
0,86 |
0,84 |
0,83 |
0,77 |
|
Availability of stock |
Units |
0,25 |
0,30 |
0,27 |
0,22 |
|
Total Liquidity Ratio |
Units |
0,61 |
0,54 |
0,56 |
0,51 |
|
Quick Ratio |
Units |
0,10 |
0,03 |
0,09 |
0,02 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
9,11 |
9,33 |
7,20 |
3,68 |
|
Self Financing Ratio |
Units |
0,09 |
0,09 |
0,10 |
0,15 |
|
Capital protection Ratio |
Units |
0,38 |
0,60 |
0,45 |
0,61 |
|
Liabilities consolidation quotient |
Units |
0,04 |
0,02 |
0,02 |
0,16 |
|
Financing |
Units |
10,40 |
9,71 |
8,13 |
5,06 |
|
Permanent Indebtedness Ratio |
Units |
0,12 |
0,11 |
0,12 |
0,31 |
|
M/L term Debts Ratio |
Units |
0,03 |
0,02 |
0,01 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
1,36 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
0,85 |
0,71 |
0,78 |
1,32 |
|
Current ratio |
Units |
0,98 |
0,96 |
0,96 |
1,13 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,69 |
0,62 |
0,65 |
0,80 |
|
Structure's primary quotient |
Units |
0,62 |
0,59 |
0,66 |
0,78 |
|
Treasury's primary quotient |
Units |
0,11 |
0,04 |
0,11 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
1.169,45 |
1.102,60 |
939,06 |
641,46 |
|
Current Capital ( net ) |
Value |
-34.653 |
-63.947 |
-51.307 |
221.200 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
2,22 |
0,57 |
2,88 |
3,37 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
2,50 |
- 21,29 |
4,11 |
6,16 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
8,70 |
- 16,74 |
8,52 |
18,18 |
|
Return on Investment ( R.O.I. ) |
% |
1,87 |
- 0,31 |
1,96 |
5,69 |
|
Return/ Sales |
% |
1,69 |
- 0,25 |
1,78 |
4,55 |
|
Extra Management revenues/charges incid. |
% |
11,45 |
n.c. |
22,23 |
22,78 |
|
Cash Flow |
Value |
47.626 |
12.433 |
58.178 |
111.060 |
|
Operating Profit |
Value |
36.136 |
-5.512 |
36.111 |
145.348 |
|
Gross Operating Margin |
Value |
79.626 |
41.200 |
86.258 |
242.368 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
n.c. |
n.c. |
153,21 |
126,19 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
270,00 |
150,12 |
|
Average stock waiting period |
Days |
82,67 |
87,87 |
88,56 |
62,36 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,11 |
1,24 |
1,10 |
1,21 |
|
Rate of stock return |
Units |
4,35 |
4,10 |
4,06 |
5,76 |
|
Labour cost incidence |
% |
12,12 |
10,17 |
8,42 |
13,90 |
|
Net financial revenues/ charges incidence |
% |
- 1,02 |
- 0,96 |
- 0,96 |
- 1,49 |
|
Labour cost on purchasing expenses |
% |
12,31 |
10,17 |
8,07 |
14,16 |
|
Short-term financing charges |
% |
1,37 |
1,52 |
1,34 |
2,92 |
|
Capital on hand |
% |
90,13 |
80,89 |
90,86 |
82,22 |
|
Sales pro employee |
Value |
428.562 |
365.813 |
504.580 |
237.960 |
|
Labour cost pro employee |
Value |
51.928 |
37.212 |
42.526 |
32.407 |
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:
15.0
Eur.
Market / Territory Data
|
Population living in the province |
: |
510.505 |
|
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 99 significant companies.
The companies cash their credits on an average of 126 dd.
The average duration of suppliers debts is about 150 dd.
The sector's profitability is on an average of 3,37%.
The labour cost affects the turnover in the measure of 13,90%.
Goods are held in stock in a range of 62 dd.
The difference between the sales volume and the resources used to
realize it is about 1,21.
The employees costs represent the 14,16% 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 2.343.
The insolvency index for the region is 0,55, , while for the province it
is 0,46.
Total Bankrupt companies in the province : 986.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.84 |
|
|
1 |
Rs.69.32 |
|
Euro |
1 |
Rs.59.79 |
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.