MIRA
INFORM REPORT
|
Report Date : |
19.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
ROBERTO ZAVANONE S.R.L. |
|
|
|
|
Registered Office : |
Via 15048- Valenza(AL) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
28.09.2007 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of jewellery in precious metals o plated with precious metals |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Poor |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
-- |
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 |
Name and address
Roberto Zavanone S.r.l.
Via
15048- Valenza(
Summary
|
Fiscal Code |
: |
02181890068 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
28/09/2007 |
|
Equity |
: |
Over 2.582.254 Eur |
|
|
: |
1.000.000/1.250.000 Eur |
|
Number of Employees |
: |
from 16 to 25 |
Activity
Manufacture of jewellery in precious metals o plated with precious
metals
Legal Data
Legal Form : Limited liability company
|
Register of Handcraft firms : 69935 of |
|
Fiscal Code : 02181890068 |
|
Chamber of Commerce no. : 233609 of |
|
V.A.T. Code : 02181890068 |
|
Establishment date |
: 28/09/2007 |
|
|
Start of Activities |
: 28/09/2007 |
|
|
Legal duration |
: 31/12/2040 |
|
|
Nominal Capital |
: 50.000 |
Eur |
|
Subscribed Capital |
: 50.000 |
Eur |
|
Paid up Capital |
: 50.000 |
Eur |
Members
|
|
Zavanone |
Roberto |
|
|
|
Born in Valenza |
( |
on 13/07/1949 |
- Fiscal Code : ZVNRRT49L13L570O |
|
|
|
Residence : |
Via |
|
, 13 |
- 15048 |
Valenza |
( |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
15/10/2007 |
|
|
|
Director |
28/09/2007 |
|
|
|
Board Chairman |
28/09/2007 |
|
|
No Protests registered.
|
|
Zavanone |
Ilaria |
|
|
|
Born in |
( |
on 24/11/1981 |
- Fiscal Code : ZVNLRI81S64A182V |
|
|
|
Residence : |
Via |
|
, 13 |
- 15048 |
Valenza |
( |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
15/10/2007 |
|
|
|
Director |
28/09/2007 |
|
|
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 |
|
Zavanone Roberto |
Valenza - IT - |
ZVNRRT49L13L570O |
47.500 .Eur |
95,00 |
|
Zavanone Ilaria |
Valenza - IT - |
ZVNLRI81S64A182V |
2.500 .Eur |
5,00 |
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 |
|
, 13 |
- 15048 |
- Valenza |
( |
- IT - |
|
|
|
|
Employees |
: 23 |
|
|
|
|
Assistants |
: 2 |
|
Stocks for a value of 5.470.000 |
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
The company has been active for some years.
On the base of the latest 2 financial accounts, an economic-financial
analysis has been developped.
Last two financial years were marked by losses; in 2009 r.o.e. is
-16,69%.
A loss is registered as to the operating result (-4,31%).
The operating result is negative (Eur. -289.351).
At the end of the latest financial year, a negative gross operating
margin of Eur. -222.770 was registered.
Very good financial situation: shareholder's equity covers short-terms
debts with an indebtedness level equal to 0,86 lower than in 2008.
The management generated equity capital for an amount of Eur. 3.062.599
on stable levels.
In the year 2009 total debts amounted to Eur. 3.594.874 on the same
levels as the year before.
Financial indebtedness is considered fair whereas the recourse to commercial
borrowings is high even in comparison with the sector's.
Liquidity is however good.
(Eur. -444.560) is the negative value of the cash flow.
Labour cost expenses amount to Eur. 585.734 , representing 36,74% on the
total of production costs. , whereas the incidence of such costs on sales
revenues is equal to 50,09%.
High incidence of financial charges on turnover.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
1.169.388 |
|
Profit (Loss) for the period |
-511.141 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
1.154.718 |
|
Profit (Loss) for the period |
-281.121 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
RATIOS |
Value Type |
as at 31/12/2009 |
as at 31/12/2008 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
Rigidity Ratio |
Units |
0,03 |
0,03 |
0,13 |
|
Elasticity Ratio |
Units |
0,96 |
0,96 |
0,85 |
|
Availability of stock |
Units |
0,81 |
0,80 |
0,30 |
|
Total Liquidity Ratio |
Units |
0,15 |
0,17 |
0,47 |
|
Quick Ratio |
Units |
0,00 |
0,00 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
Net Short-term indebtedness |
Units |
0,86 |
0,92 |
2,54 |
|
Self Financing Ratio |
Units |
0,46 |
0,44 |
0,22 |
|
Capital protection Ratio |
Units |
1,15 |
1,07 |
0,67 |
|
Liabilities consolidation quotient |
Units |
0,39 |
0,35 |
0,27 |
|
Financing |
Units |
1,17 |
1,24 |
3,21 |
|
Permanent Indebtedness Ratio |
Units |
0,61 |
0,59 |
0,41 |
|
M/L term Debts Ratio |
Units |
0,15 |
0,14 |
0,14 |
|
Net Financial Indebtedness Ratio |
Units |
1,00 |
n.c. |
1,20 |
|
CORRELATION |
|
|
|
|
|
Fixed assets ratio |
Units |
18,84 |
18,59 |
2,71 |
|
Current ratio |
Units |
2,46 |
2,36 |
1,42 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,38 |
0,41 |
0,86 |
|
Structure's primary quotient |
Units |
14,14 |
14,02 |
1,55 |
|
Treasury's primary quotient |
Units |
0,00 |
0,00 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
219,38 |
225,10 |
452,86 |
|
Current Capital ( net ) |
Value |
3.844.975 |
4.056.688 |
427.596 |
|
RETURN |
|
|
|
|
|
Return on Sales |
% |
- 38,02 |
- 20,37 |
2,29 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
- 16,69 |
- 8,65 |
3,46 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
- 16,61 |
- 8,24 |
13,15 |
|
Return on Investment ( R.O.I. ) |
% |
- 4,31 |
- 0,62 |
5,59 |
|
Return/ Sales |
% |
- 24,74 |
- 3,93 |
4,59 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
n.c. |
16,10 |
|
Cash Flow |
Value |
-444.560 |
-235.256 |
52.328 |
|
Operating Profit |
Value |
-289.351 |
-45.360 |
96.285 |
|
Gross Operating Margin |
Value |
-222.770 |
505 |
142.499 |
|
MANAGEMENT |
|
|
|
|
|
Credits to clients average term |
Days |
n.c. |
n.c. |
107,81 |
|
Debts to suppliers average term |
Days |
302,39 |
n.c. |
120,45 |
|
Average stock waiting period |
Days |
1.682,42 |
1.812,80 |
83,44 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,17 |
0,16 |
1,23 |
|
Rate of stock return |
Units |
0,21 |
0,20 |
4,28 |
|
Labour cost incidence |
% |
50,09 |
52,19 |
14,37 |
|
Net financial revenues/ charges incidence |
% |
- 18,76 |
- 21,25 |
- 2,15 |
|
Labour cost on purchasing expenses |
% |
36,74 |
15,88 |
14,54 |
|
Short-term financing charges |
% |
6,10 |
6,20 |
4,40 |
|
Capital on hand |
% |
574,56 |
633,34 |
80,66 |
|
Sales pro employee |
Value |
58.469 |
54.986 |
201.158 |
|
Labour cost pro employee |
Value |
29.286 |
28.699 |
30.432 |
Market / Territory Data
|
Population living in the province |
: |
429.080 |
|
Population living in the region |
: |
4.330.172 |
|
Number of families in the region |
: |
1.889.207 |
Monthly family expences 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 591 significant companies.
The companies cash their credits on an average of 107 dd.
The average duration of suppliers debts is about 120 dd.
The sector's profitability is on an average of 2,29%.
The labour cost affects the turnover in the measure of 14,37%.
Goods are held in stock in a range of 83 dd.
The difference between the sales volume and the resources used to
realize it is about 1,23.
The employees costs represent the 14,54% 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.45.53 |
|
|
1 |
Rs.72.56 |
|
Euro |
1 |
Rs.60.62 |
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.