MIRA INFORM
REPORT
|
Report Date : |
25.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
NUOVA GIDUE S.R.L. |
|
|
|
|
Registered Office : |
Via Cassia, 67 Tavarnuzze, 50023 – Impruneta (FI) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
23.02.2005 |
|
|
|
|
Legal Form : |
Sole-Member Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of machinery for printing and binding |
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 : |
180.000 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
Nuova Gidue S.r.l.
Via Cassia, 67 Tavarnuzze
50023 - Impruneta (FI) -IT-
Summary
|
Fiscal Code |
: |
05512550483 |
|
Legal Form |
: |
Sole-Member Limited Liability Company |
|
start of Activities |
: |
23/02/2005 |
|
Equity |
: |
250.000 Eur |
|
|
: |
7.750.000/9.000.000 Eur |
|
Number of Employees |
: |
from 16 to 25 |
Credit Analysis
|
Credit Opinion |
: |
180.000 - Eur |
Highlights
|
The company under review is mainly engaged in the manufacture of
machines |
|
for labels and flexible packaging. |
Activity
Manufacture of machinery for printing and binding (including spare parts
and accessories)
Legal Data
Legal Form : Sole-Member Limited Liability Company
|
Fiscal Code : 05512550483 |
|
Foreign Trade Reg. no. : FI074067 since 13/04/2006 |
|
Chamber of Commerce no. : 302072 of |
|
Chamber of Commerce no. : 552140 of |
|
V.A.T. Code : 05512550483 |
|
Establishment date |
: 23/02/2005 |
|
|
Start of Activities |
: 23/02/2005 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 110.000 |
Eur |
|
Subscribed Capital |
: 110.000 |
Eur |
|
Paid up Capital |
: 110.000 |
Eur |
Members
|
|
Unione Fiduciaria S.p.a.
Fiduciaria |
e Servizi Delle Banche
Popolari |
|
|
|
|
|
Residence : |
Via |
Amedei |
, 4 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
|
|
|
No Protests registered.
|
|
D'annunzio |
Federico |
|
|
|
Born in Roma |
(RM) |
on 18/03/1964 |
- Fiscal Code : DNNFRC64C18H501P |
|
|
|
Residence : |
Via |
T. Minniti |
, 182 |
- 21040 |
Cislago |
(VA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
24/04/2008 |
|
|
No Protests registered.
|
|
Ciapponi |
Magda |
|
|
|
Born in Saronno |
(VA) |
on 03/12/1959 |
- Fiscal Code : CPPMGD59T43I441R |
|
|
|
Residence : |
Via |
Dante |
, 243 |
- 22070 |
Rovello Porro |
(CO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
20/04/2010 |
|
|
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.
|
|
UNIONE FIDUCIARIA S.P.A.
FIDUCIARIA |
E SERVIZI DELLE BANCHE
POPOLARI |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
1994 DRESSCODE S.R.L. |
|
02148460138 |
Sole partner |
Active |
Registered |
|
AD COMPANY S.R.L. |
Milano (MI) - IT - |
05019550960 |
Sole partner |
Withdrawn |
Bankrupt |
|
AMICI DELLA CULTURA S.R.L. |
Carate Brianza (MB) - IT - |
03541390963 |
Sole partner |
Active |
Registered |
|
CAPITAL RESORT S.R.L. |
Roma (RM) - IT - |
07635451003 |
Sole partner |
- |
Bankrupt |
|
DAISYTYRE - SOCIETA' A RESPONSABILITA' LIMITATA |
Roma (RM) - IT - |
10783161002 |
Sole partner |
Active |
Registered |
|
EDIL INTERIMMOBILI S.R.L. |
Roma (RM) - IT - |
08769441000 |
Sole partner |
Active |
Registered |
|
|
Venezia (VE) - IT - |
03796410276 |
Sole partner |
Active |
Registered |
|
GIELLE S.R.L. UNIPERSONALE |
Roma (RM) - IT - |
08251911007 |
Sole partner |
Withdrawn |
Registered |
|
IBISCUS S.R.L. |
|
06930750960 |
Sole partner |
Active |
Registered |
|
INTERCOS S.P.A. |
Milano (MI) - IT - |
05813780961 |
Sole partner |
Withdrawn |
Registered |
|
MATERIA S.R.L. |
|
02818160547 |
Sole partner |
Active |
Registered |
|
PRIMAVERA S.R.L. - UNIPERSONALE |
|
02923590364 |
Sole partner |
Active |
Registered |
|
SAFETY LINE S.R.L. |
|
03507200164 |
Sole partner |
Active |
Registered |
|
TECO S.R.L. |
Milano (MI) - IT - |
06555740965 |
Sole partner |
Active |
Registered |
|
THA S.R.L. |
Gallarate (VA) - IT - |
02263630028 |
Sole partner |
Active |
Registered |
|
VERDISSIMO S.R.L. |
|
02422220349 |
Sole partner |
Active |
Registered |
|
VINO Y TAPAS S.R.L. |
Milano (MI) - IT - |
04440370965 |
Sole partner |
Active |
Registered |
|
|
D'ANNUNZIO |
FEDERICO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
AQUAFLEX ITALIA SAS DI FERLINI MAURO E C. |
Pogliano Milanese (MI) - IT - |
10534430151 |
Limited Partner |
Withdrawn |
Ceased |
|
FEDETO SOCIETA' SEMPLICE |
Milano (MI) - IT - |
97349730156 |
Partner |
Active |
Registered |
|
FEDETO MANAGEMENT E CONSULTING S.A.S. DI FEDERICO D'ANNUNZIO E C. |
Milano (MI) - IT - |
03993450968 |
Acting partner
(in work) |
Withdrawn |
Ceased |
|
GIDUE S.P.A. IN LIQUIDAZIONE |
Turate (CO) - IT - |
02473490122 |
Chairman |
Withdrawn |
Liquidated |
|
GIDUE S.P.A. IN LIQUIDAZIONE |
Turate (CO) - IT - |
02473490122 |
Managing
Director |
Withdrawn |
Liquidated |
|
GIDUE S.P.A. IN LIQUIDAZIONE |
Turate (CO) - IT - |
02473490122 |
Board Chairman |
Withdrawn |
Liquidated |
|
GIDUE RE S.R.L. IN LIQUIDAZIONE |
Turate (CO) - IT - |
02982920130 |
Sole Director |
Withdrawn |
Registered |
|
SERVIZI AMMINISTRATIVI S.A.S. DI CRISTINA TOFFOLO
DE PIANTE |
Milano (MI) - IT - |
05174580968 |
Limited Partner |
Withdrawn |
Registered |
|
TEC TECNOLOGIE PER L INDUSTRIA DI D ANNUNZIO
FEDERICO |
Milano (MI) - IT - |
DNNFRC64C18H501P |
Proprietor |
Withdrawn |
Ceased |
|
TOFECRI SOCIETA' SEMPLICE |
Milano (MI) - IT - |
97349710158 |
Partner |
Active |
Registered |
|
TOFEDE SOCIETA' SEMPLICE |
Milano (MI) - IT - |
97349720157 |
Partner |
Active |
Registered |
|
|
CIAPPONI |
MAGDA |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
GIDUE S.P.A. IN LIQUIDAZIONE |
Turate (CO) - IT - |
02473490122 |
Director |
Withdrawn |
Liquidated |
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 |
|
Unione Fiduciaria S.p.a. Fiduciaria e Servizi
Delle Banche Popolari |
Milano - IT - |
01513210151 |
|
100,00 |
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:
|
- |
Registered office |
|
|
|
|
|
Via |
Cassia |
, 67 Loc. Tavarnuzze |
- 50023 |
- Impruneta |
(FI) |
- IT - |
|
|
|
|
PHONE |
: 055/2374745 |
|
|
|
|
FAX |
: 055/2020019 |
|
- |
Operative seat |
since 23/02/2005 |
|
|
|
|
|
Via |
Cassia |
, 67 Loc. Tavarnuzze |
- 50023 |
- Impruneta |
(FI) |
- IT - |
|
- |
Branch |
(Administrative office ) |
since 01/09/2009 |
|
|
|
|
|
Via |
Matteotti |
, 10 |
- 22078 |
- Turate |
(CO) |
- IT - |
|
|
|
|
PHONE |
: 02/9668181 |
|
|
|
|
FAX |
: 02/96681842 |
|
|
|
|
Employees |
: 22 |
|
Fittings and Equipment for a value of 24.000 |
Eur |
|
Stocks for a value of 440.000 |
Eur |
Historical Information and/or Firm's Status
COMPANY STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
NUOVA CASTAGNOLI S.R.L. |
Nuova Gidue Srl |
21/01/2009 |
CEASINGS/INCORPORATIONS/MERGES:
|
|
The firm took over the activity of |
|
|
|
Castagnoli Form Consulta - S.R.L. |
|
|
|
VIA DEL GIGLIO 6 |
, 50100 |
, |
(FI) |
- IT - |
|
|
|
Fiscal Code: 04434790483 |
|
|
|
Date |
: |
19/07/2007 |
|
|
The subj. took over by rent the activities of |
|
|
|
Gidue S.p.a. In Liquidazione |
|
|
|
Via |
Puecher |
, 26 |
, 22078 |
, Turate |
(CO) |
- IT - |
|
|
|
Fiscal Code: 02473490122 |
|
|
|
Date |
: |
21/01/2009 |
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
Company's starting of activities dates back to 2005.
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. anyway in 2009 a
positive result was achieved (r.o.e. 79,59%). The turnover is growing in the
last financial year (more then 100%).
The return on Investment in the last financial year was positive
(10,08%) and reflects the field's average.
The operating result is positive and amounts to Eur. 463.907 showing an
upward trend more then 100% compared to the previous financial year.
During the latest financial year the gross operating margin amounted to
Eur. 532.359 with a more then 100% growth.
Financial condition is not balanced as own capitals do not cover debts,
indebtedness level is in fact high (15) falling as opposed to the year before.
Subject can manage an equity capital funds for an amount of Eur. 239.677
, increasing by 1649,97% if compared to the year before.
Total debts recorded amounted to Eur. 4.053.856 (Eur. 42.250 of which
were m/l term debts) increasing if compared to the previous year, during which
they were equal to Eur. 1.049.913 (more then 100%).
Moderate recourse to bank credit while the exposure towards suppliers is
rather high but lined up with the field's average.
The available funds are good.
As far as the collection of credit goes, the average is high (133,12
days). but on the same levels as the average of the sector.
The financial management generated a cash flow of Eur. 259.203.
Subordinate employment cost is of Eur. 875.664, i.e. 11,92% on total
production costs. , whereas 10,81% is the incidence on sales revenues.
The financial management has a limited economic impact, equal to -0,03%
on the sales.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
8.100.940 |
|
Profit (Loss) for the period |
190.751 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
2.858.007 |
|
Profit (Loss) for the period |
-75.854 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
1.655.165 |
|
Profit (Loss) for the period |
-121.407 |
|
|
Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
2.080.147 |
|
Profit (Loss) for the period |
-217.425 |
|
|
|
Complete balance-sheet for the year |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
706.598 |
|
Profit (Loss) for the period |
8.384 |
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 |
0,04 |
0,16 |
0,12 |
0,14 |
|
Elasticity Ratio |
Units |
0,94 |
0,82 |
0,87 |
0,83 |
|
Availability of stock |
Units |
0,10 |
0,61 |
0,56 |
0,22 |
|
Total Liquidity Ratio |
Units |
0,84 |
0,20 |
0,31 |
0,55 |
|
Quick Ratio |
Units |
0,09 |
0,02 |
0,00 |
0,04 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
15,00 |
70,42 |
146,05 |
3,07 |
|
Self Financing Ratio |
Units |
0,05 |
0,01 |
0,00 |
0,19 |
|
Capital protection Ratio |
Units |
0,16 |
5,80 |
11,55 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,09 |
0,27 |
0,18 |
0,18 |
|
Financing |
Units |
16,91 |
76,65 |
154,57 |
3,74 |
|
Permanent Indebtedness Ratio |
Units |
0,13 |
0,22 |
0,15 |
0,35 |
|
M/L term Debts Ratio |
Units |
0,08 |
0,21 |
0,15 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
n.c. |
31,10 |
0,68 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
2,96 |
1,33 |
1,31 |
2,15 |
|
Current ratio |
Units |
1,08 |
1,06 |
1,04 |
1,26 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,97 |
0,26 |
0,37 |
0,91 |
|
Structure's primary quotient |
Units |
1,20 |
0,06 |
0,04 |
1,24 |
|
Treasury's primary quotient |
Units |
0,10 |
0,03 |
0,00 |
0,07 |
|
Rate of indebtedness ( Leverage ) |
% |
1.921,02 |
9.381,41 |
17.490,11 |
522,89 |
|
Current Capital ( net ) |
Value |
312.249 |
65.435 |
63.400 |
420.263 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
3,20 |
- 0,49 |
- 4,21 |
3,40 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
79,59 |
- 553,84 |
- 1.150,77 |
6,99 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
151,64 |
- 153,49 |
- 855,10 |
23,56 |
|
Return on Investment ( R.O.I. ) |
% |
10,08 |
- 0,98 |
- 6,90 |
5,48 |
|
Return/ Sales |
% |
5,73 |
- 0,44 |
- 7,70 |
4,86 |
|
Extra Management revenues/charges incid. |
% |
41,12 |
n.c. |
n.c. |
25,43 |
|
Cash Flow |
Value |
259.203 |
-14.129 |
-69.746 |
100.067 |
|
Operating Profit |
Value |
463.907 |
-12.619 |
-127.457 |
129.376 |
|
Gross Operating Margin |
Value |
532.359 |
49.106 |
-75.796 |
197.492 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
133,12 |
n.c. |
5,04 |
128,44 |
|
Debts to suppliers average term |
Days |
139,29 |
190,00 |
144,10 |
151,43 |
|
Average stock waiting period |
Days |
19,71 |
100,08 |
225,97 |
65,66 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,76 |
2,22 |
0,89 |
1,19 |
|
Rate of stock return |
Units |
18,26 |
3,59 |
1,59 |
5,43 |
|
Labour cost incidence |
% |
10,81 |
21,44 |
37,98 |
18,22 |
|
Net financial revenues/ charges incidence |
% |
- 0,03 |
- 0,38 |
- 0,71 |
- 1,10 |
|
Labour cost on purchasing expenses |
% |
11,92 |
23,24 |
25,81 |
18,70 |
|
Short-term financing charges |
% |
0,06 |
1,06 |
0,76 |
2,51 |
|
Capital on hand |
% |
56,84 |
44,95 |
111,48 |
83,78 |
|
Sales pro employee |
Value |
450.052 |
219.846 |
127.320 |
213.359 |
|
Labour cost pro employee |
Value |
48.648 |
47.139 |
48.359 |
35.786 |
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:
180.000 Eur.
Market / Territory Data
|
Population living in the province |
: |
965.388 |
|
Population living in the region |
: |
3.598.269 |
|
Number of families in the region |
: |
1.474.681 |
Monthly family expenses average in the region (in Eur.) :
|
- per food products |
: |
444 |
|
- per non food products |
: |
2.009 |
|
- per energy consume |
: |
122 |
Sector Data
The values are calculated on a base of 1.206 significant companies.
The companies cash their credits on an average of 128 dd.
The average duration of suppliers debts is about 151 dd.
The sector's profitability is on an average of 3,40%.
The labour cost affects the turnover in the measure of 18,22%.
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 1,19.
The employees costs represent the 18,70% of the production costs.
Statistical Detrimental Data
The area is statistically considered moderately risky.
In the region 24.960 protested subjects are found; in the province they
count to 5.242.
The insolvency index for the region is 0,70, , while for the province it
is 0,55.
Total Bankrupt companies in the province : 6.520.
Total Bankrupt companies in the region : 20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.58 |
|
|
1 |
Rs.72.79 |
|
Euro |
1 |
Rs.62.01 |
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 |
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.