MIRA INFORM
REPORT
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Report Date : |
18.01.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
L' AROMA S.R.L. |
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Registered Office : |
Via Mazzone, s.n. , 95030-
Mascalucia (CT) |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
10.01.2002 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Processing of coffee |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
15.000 - Eur |
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Status : |
Satisfactory |
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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
L' Aroma S.r.l.
Via Mazzone, s.n.
95030 - Mascalucia (CT) -IT-
Summary
|
Fiscal Code |
: |
03916960879 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
11/06/2002 |
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Equity |
: |
65.000 Eur |
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|
: |
500.000/750.000 Eur |
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Number of Employees |
: |
from 1 to 5 |
Credit Analysis
|
Credit Opinion |
: |
15.000 - Eur |
Activity
Processing of coffee
Wholesale of sugar and chocolate and sugar confectionery
Wholesale of tea, cocoa and spices
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 03916960879 |
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Chamber of Commerce no. : 262146 of |
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V.A.T. Code : 03916960879 |
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Establishment date |
: 10/01/2002 |
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Start of Activities |
: 11/06/2002 |
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Legal duration |
: 31/12/2050 |
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Nominal Capital |
: 26.000 |
Eur |
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Subscribed Capital |
: 26.000 |
Eur |
|
Paid up Capital |
: 26.000 |
Eur |
Members
|
|
Pressimone |
Vincenzo |
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|
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Born in |
(CT) |
on 11/10/1977 |
- Fiscal Code : PRSVCN77R11C351O |
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Residence : |
Via |
G. Giusti |
, 22 |
- 95030 |
Mascalucia |
(CT) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
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Sole Director |
03/09/2007 |
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No Protests registered.
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 |
|
Pressimone Vincenzo |
Mascalucia - IT - |
PRSVCN77R11C351O |
3.900 .Eur |
15,00 |
|
Vampa Francesca |
|
VMPFNC54A64C351V |
3.900 .Eur |
15,00 |
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Pressimone |
|
PRSVGN79P62C351F |
3.900 .Eur |
15,00 |
|
Pressimone Melino |
|
PRSMLN42E25F892E |
14.300 .Eur |
55,00 |
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 |
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Via |
Mazzone |
, S.N. |
- 95030 |
- Mascalucia |
(CT) |
- IT - |
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Employees |
: 3 |
|
Fittings and Equipment for a value of 30.000 |
Eur |
|
Stocks for a value of 190.000 |
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 2002
An eco-fin analysis has been made on the base od the b/s fo the years
2007, 2008 and 2009.
During the last years, it recorded positive net results (r.o.e. 25,64%
in 2009) but without a significant increase in the turnover.
The operating result in 2009 was positive (5,76%) and reflects the
field's average.
The operating result is positive and amounts to Eur. 31.531 , with no
sizeable change as opposed to the year before.
A gross operating margine for a value of Eur. 55.241 was reached. ,with
no change if compared to the year before.
The ratio between debts and total assets is fairly high, as it comes out
from the indebtedness (5,85) with an upward trend.
With regard to equity capital, an amount of Eur. 63.688 is registered.
with a growth of 34,47% in 2009.
During the last financial year total debts volume reached Eur. 463.817
(Eur. 61.000 were m/l term ones) while during the financial year 2008 the
amount was equal to Eur. 384.493.
The recourse to financial credit is within the limits; on the other hand
the recourse to suppliers' credit is rated as fairly high and higher than
sector's average.
Liquid assets are good.
Trade credits average terms are slow, on average 132,06 days. and higher
than the average of the sector.
During financial year 2009 the cash flow amounted to Eur. 40.039
In the last financial year labour cost was of Eur. 93.482, with a 13,61%
incidence on total costs of production. and a 13,02% incidence on sales
volumes.
The incidence of the financial charges is of -0,15% on the sales amount.
Financial
Data
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Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
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Item Type |
Value |
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Sales |
717.802 |
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Profit (Loss) for the period |
16.329 |
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Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
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Item Type |
Value |
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Sales |
715.546 |
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Profit (Loss) for the period |
16.475 |
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Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
632.096 |
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Profit (Loss) for the period |
17.308 |
Balance
Sheets
From our constant monitoring of the relevant Public Administration
offices, no more recent balance sheets result to have been filed.
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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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- 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 |
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COMPOSITION ON
INVESTMENT |
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Rigidity Ratio |
Units |
0,10 |
0,16 |
0,20 |
0,11 |
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Elasticity Ratio |
Units |
0,90 |
0,84 |
0,80 |
0,86 |
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Availability of stock |
Units |
0,34 |
0,30 |
0,23 |
0,14 |
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Total Liquidity Ratio |
Units |
0,56 |
0,54 |
0,56 |
0,65 |
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Quick Ratio |
Units |
0,05 |
0,05 |
0,08 |
0,04 |
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COMPOSITION ON
SOURCE |
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Net Short-term indebtedness |
Units |
5,85 |
5,73 |
6,78 |
5,59 |
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Self Financing Ratio |
Units |
0,12 |
0,11 |
0,11 |
0,12 |
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Capital protection Ratio |
Units |
0,26 |
0,00 |
0,00 |
0,59 |
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Liabilities consolidation quotient |
Units |
0,15 |
0,31 |
n.c. |
0,10 |
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Financing |
Units |
7,28 |
8,12 |
7,44 |
6,70 |
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Permanent Indebtedness Ratio |
Units |
0,23 |
0,31 |
0,11 |
0,24 |
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M/L term Debts Ratio |
Units |
0,11 |
0,20 |
n.c. |
0,06 |
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Net Financial Indebtedness Ratio |
Units |
0,00 |
n.c. |
0,00 |
1,04 |
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CORRELATION |
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Fixed assets ratio |
Units |
2,28 |
1,97 |
0,56 |
1,75 |
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Current ratio |
Units |
1,22 |
1,28 |
0,93 |
1,10 |
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Acid Test Ratio-Liquidity Ratio |
Units |
0,76 |
0,82 |
0,66 |
0,90 |
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Structure's primary quotient |
Units |
1,16 |
0,67 |
0,56 |
1,00 |
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Treasury's primary quotient |
Units |
0,07 |
0,07 |
0,09 |
0,06 |
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Rate of indebtedness ( Leverage ) |
% |
859,56 |
945,36 |
871,34 |
810,15 |
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Current Capital ( net ) |
Value |
89.389 |
81.619 |
-23.750 |
90.043 |
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RETURN |
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|
|
|
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Return on Sales |
% |
5,58 |
5,73 |
7,20 |
1,53 |
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Return on Equity - Net- ( R.O.E. ) |
% |
25,64 |
34,79 |
36,57 |
7,23 |
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Return on Equity - Gross - ( R.O.E. ) |
% |
47,82 |
63,19 |
69,65 |
23,81 |
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Return on Investment ( R.O.I. ) |
% |
5,76 |
6,98 |
8,24 |
4,22 |
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Return/ Sales |
% |
4,39 |
4,37 |
5,37 |
2,07 |
|
Extra Management revenues/charges incid. |
% |
51,79 |
52,68 |
50,96 |
24,23 |
|
Cash Flow |
Value |
40.039 |
41.002 |
45.490 |
44.651 |
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Operating Profit |
Value |
31.531 |
31.274 |
33.965 |
59.651 |
|
Gross Operating Margin |
Value |
55.241 |
55.801 |
62.147 |
94.866 |
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MANAGEMENT |
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Credits to clients average term |
Days |
132,06 |
n.c. |
96,68 |
89,20 |
|
Debts to suppliers average term |
Days |
209,65 |
n.c. |
246,40 |
100,82 |
|
Average stock waiting period |
Days |
92,81 |
67,66 |
54,62 |
25,59 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,31 |
1,60 |
1,53 |
2,02 |
|
Rate of stock return |
Units |
3,88 |
5,32 |
6,59 |
13,97 |
|
Labour cost incidence |
% |
13,02 |
11,83 |
8,38 |
5,64 |
|
Net financial revenues/ charges incidence |
% |
- 0,15 |
- 0,19 |
- 0,16 |
- 0,61 |
|
Labour cost on purchasing expenses |
% |
13,61 |
12,37 |
8,86 |
5,62 |
|
Short-term financing charges |
% |
0,23 |
0,36 |
0,28 |
1,97 |
|
Capital on hand |
% |
76,27 |
62,57 |
65,24 |
49,39 |
|
Sales pro employee |
Value |
358.901 |
238.515 |
632.096 |
545.635 |
|
Labour cost pro employee |
Value |
46.741 |
28.223 |
52.988 |
31.937 |
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:
15.000Eur.
Market / Territory Data
|
Population living in the province |
: |
1.071.883 |
|
Population living in the region |
: |
5.013.081 |
|
Number of families in the region |
: |
1.842.252 |
Monthly family expenses average in the region (in Eur.) :
|
- per food products |
: |
425 |
|
- per non food products |
: |
1.256 |
|
- per energy consume |
: |
69 |
Sector Data
The values are calculated on a base of 5.101 significant companies.
The companies cash their credits on an average of 89 dd.
The average duration of suppliers debts is about 100 dd.
The sector's profitability is on an average of 1,53%.
The labour cost affects the turnover in the measure of 5,64%.
Goods are held in stock in a range of 25 dd.
The difference between the sales volume and the resources used to
realize it is about 2,02.
The employees costs represent the 5,62% of the production costs.
Statistical Detrimental Data
The area is statistically considered remarkably risky.
In the region 54.738 protested subjects are found; in the province they
count to 13.788.
The insolvency index for the region is 1,09, , while for the province it
is 1,29.
Total Bankrupt companies in the province : 3.235.
Total Bankrupt companies in the region : 14.491.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.59 |
|
|
1 |
Rs.72.31 |
|
Euro |
1 |
Rs.60.73 |
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.