MIRA INFORM REPORT
|
Report Date : |
05.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
TOMEOMARE S.R.L. |
|
|
|
|
Registered Office : |
Contrada Gagliardi, s.n. Scoppo Marina, 88034 – Nicotera
(VV) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
01.01.1991 |
|
|
|
|
Com. Reg. No.: |
VV-2005-847 since 03/02/2005 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of food, beverages and tobacco |
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 : |
40.000Eur. |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Italy |
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
Tomeomare S.r.l.
Contrada Gagliardi, s.n.
Scoppo Marina
88034 - Nicotera (VV) -IT-
Summary
|
Fiscal Code |
: |
02690190794 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
21/11/2005 |
|
Equity |
: |
Over 2.582.254 Eur |
|
Turnover Range |
: |
9.000.000/10.000.000 Eur |
|
Number of Employees |
: |
from 11 to 15 |
Credit Analysis
|
Credit Opinion |
: |
40.000 - Eur |
Activity
Wholesale of food, beverages and tobacco
Wholesale of freshly fished products
Non-specialised wholesale of deep-frozen
products
Retail sale of fish, crustaceans and molluscs
in specialised stores
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 02690190794 |
|
Foreign Trade Reg. no. : VV000966 since
24/01/2006 |
|
Chamber of Commerce no. : 160133 of Vibo
Valentia since 19/01/2005 |
|
Firms' Register : VV-2005-847 since
03/02/2005 |
|
V.A.T. Code : 02690190794 |
|
Foundation date |
: 01/01/1991 |
|
|
Establishment date |
: 11/01/2005 |
|
|
Start of Activities |
: 21/11/2005 |
|
|
Nominal Capital |
: 50.000 |
Eur |
|
Subscribed Capital |
: 50.000 |
Eur |
|
Paid up Capital |
: 12.500 |
Eur |
Members
|
|
Tomeo |
Francesco |
|
|
|
Born in Vibo Valentia |
(CZ) |
on 21/02/1972 |
- Fiscal Code : TMOFNC72B21F537T |
|
|
|
Residence : |
Via |
La Corte, I^ Trav. |
, SNC |
- 89844 |
Nicotera |
(VV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
01/01/2005 |
|
|
|
|
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.
|
|
TOMEO |
FRANCESCO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
TAVAF S.A.S. DI TOMEO ANDREA E C. |
Nicotera (VV) - IT - |
01815640790 |
General Partner |
Withdrawn |
Registered |
|
TAVAF S.A.S. DI TOMEO ANDREA E C. |
Nicotera (VV) - IT - |
01815640790 |
Limited Partner |
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 |
|
Tomeo Francesco |
Nicotera - IT - |
TMOFNC72B21F537T |
12.500 .Eur |
25,00 |
|
Tomeo Antonio Giuseppe |
Nicotera - IT - |
TMONNG65C09F893G |
12.500 .Eur |
25,00 |
|
Tomeo Andrea |
Nicotera - IT - |
TMONDR68E02F893V |
12.500 .Eur |
25,00 |
|
Tomeo Vincenzo Giuseppe |
Nicotera - IT - |
TMOVCN62M27F537M |
12.500 .Eur |
25,00 |
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 |
|
|
|
|
|
|
Contrada |
Gagliardi |
, Loc. Scoppo Marina |
- 88034 |
- Nicotera |
(VV) |
- IT - |
|
- |
Branch |
(Wholesale store
) |
since 21/11/2005 |
|
|
|
|
|
C/da Scoppo |
, SNC |
- 88034 |
- Nicotera |
(VV) |
- IT - |
|
- |
Branch |
(Shop ) |
since 03/12/2007 |
|
|
|
|
|
Localita' |
Lacquari |
, SNC |
- 88018 |
- Vibo Valentia |
(VV) |
- IT - |
|
|
|
|
Total Surface: 100 Sq.mt. |
|
|
|
|
Employees |
: 11 |
|
|
|
|
Active partners |
: 1 |
|
Fittings and Equipment for a value of
15.000 |
Eur |
|
Stocks for a value of 44.000 |
Eur |
The firm has a direct commercial
organization
Sales are on a local scale.
|
|
Import comes generally from the following
nations:
|
- Spagna |
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.
Financial and Economical Analysis
Company's starting of activities dates back
to some years ago (2005).
Balance sheets for the years 2007, 2008 and
2009 were analyzed.
Under an economic point of view, profits
were registered during the last years with a r.o.e. of 4,07% in 2009 with a
stable trend in the turnover.
The operating result in 2009 was positive
(2,58%) and reflects the field's average.
The operating result is positive and amounts
to Eur. 221.959 with no increase in relation to the financial year 2008.
The G.O.M. amounted to Eur. 285.136 stable
if compared to the financial year 2008.
Indebtedness is scanty since debts are lower
than liquidity.
Subject can manage an equity capital funds
for an amount of Eur. 3.964.012 , with an upward trend.
Total indebtedness was equal to Eur.
4.568.622 (Eur. 4.568.622 was the value of m/l term debts) whereas in the year
before they amounted to Eur. 7.412.358, with a -38,36% drop.
2009 financial year closed with a cash flow
of Eur. 224.586
During 2009 financial year labour costs
amounted to Eur. 290.197, with a 3,06% incidence on production costs. and a
2,92% incidence on sales volumes.
No incidence of financial charges as lower
than the incomes.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
9.931.258 |
|
Profit (Loss) for the period |
161.409 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
10.549.396 |
|
Profit (Loss) for the period |
122.662 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
10.517.880 |
|
Profit (Loss) for the period |
171.653 |
|
|
|
Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
9.175.615 |
|
Profit (Loss) for the period |
168.974 |
|
|
|
Complete balance-sheet for the year |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
6.592.399 |
|
Profit (Loss) for the period |
71.273 |
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 |
0,03 |
0,02 |
0,02 |
0,20 |
|
Elasticity Ratio |
Units |
0,96 |
0,97 |
0,97 |
0,77 |
|
Availability of stock |
Units |
0,01 |
0,05 |
0,07 |
0,16 |
|
Total Liquidity Ratio |
Units |
0,95 |
0,91 |
0,89 |
0,51 |
|
Quick Ratio |
Units |
0,27 |
0,21 |
0,18 |
0,06 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
n.c. |
4,59 |
15,76 |
5,48 |
|
Self Financing Ratio |
Units |
0,46 |
0,05 |
0,04 |
0,11 |
|
Capital protection Ratio |
Units |
0,95 |
0,63 |
0,41 |
0,45 |
|
Liabilities consolidation quotient |
Units |
n.c. |
0,93 |
0,00 |
0,14 |
|
Financing |
Units |
1,15 |
15,76 |
19,69 |
6,99 |
|
Permanent Indebtedness Ratio |
Units |
1,00 |
0,51 |
0,05 |
0,26 |
|
M/L term Debts Ratio |
Units |
0,54 |
0,45 |
0,00 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
0,42 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
33,83 |
18,66 |
2,03 |
1,30 |
|
Current ratio |
Units |
n.c. |
1,99 |
1,02 |
1,06 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
n.c. |
1,88 |
0,94 |
0,77 |
|
Structure's primary quotient |
Units |
15,63 |
2,15 |
1,91 |
0,64 |
|
Treasury's primary quotient |
Units |
n.c. |
0,43 |
0,19 |
0,10 |
|
Rate of indebtedness ( Leverage ) |
% |
217,01 |
1.680,33 |
2.075,61 |
840,20 |
|
Current Capital ( net ) |
Value |
8.240.637 |
3.823.466 |
202.556 |
20.433 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
2,26 |
1,69 |
2,03 |
1,97 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
4,07 |
26,08 |
45,65 |
6,29 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
5,61 |
42,46 |
63,72 |
25,70 |
|
Return on Investment ( R.O.I. ) |
% |
2,58 |
2,68 |
2,96 |
3,72 |
|
Return/ Sales |
% |
2,23 |
2,01 |
2,20 |
1,91 |
|
Extra Management revenues/charges incid. |
% |
72,72 |
57,72 |
74,09 |
28,30 |
|
Cash Flow |
Value |
224.586 |
178.432 |
214.085 |
32.329 |
|
Operating Profit |
Value |
221.959 |
212.498 |
231.674 |
33.650 |
|
Gross Operating Margin |
Value |
285.136 |
268.268 |
274.106 |
64.835 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
n.c. |
n.c. |
189,32 |
59,11 |
|
Debts to suppliers average term |
Days |
n.c. |
250,00 |
250,00 |
110,71 |
|
Average stock waiting period |
Days |
1,60 |
14,29 |
20,41 |
28,76 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,15 |
1,33 |
1,34 |
1,97 |
|
Rate of stock return |
Units |
224,71 |
25,17 |
17,60 |
12,39 |
|
Labour cost incidence |
% |
2,92 |
2,38 |
1,86 |
8,93 |
|
Net financial revenues/ charges incidence |
% |
0,11 |
- 0,10 |
0,08 |
- 0,49 |
|
Labour cost on purchasing expenses |
% |
3,06 |
2,47 |
1,88 |
8,80 |
|
Short-term financing charges |
% |
n.c. |
0,95 |
0,42 |
1,60 |
|
Capital on hand |
% |
86,62 |
74,88 |
74,19 |
50,57 |
|
Sales pro employee |
Value |
1.103.473 |
1.025.208 |
1.314.735 |
317.281 |
|
Labour cost pro employee |
Value |
32.244 |
24.470 |
24.469 |
31.029 |
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:
40.000Eur.
Market / Territory Data
|
Population living in the province |
: |
168.894 |
|
Population living in the region |
: |
2.009.268 |
|
Number of families in the region |
: |
730.272 |
Monthly family expenses average in the
region (in Eur.) :
|
- per food products |
: |
437 |
|
- per non food products |
: |
1.235 |
|
- per energy consume |
: |
90 |
Sector Data
The values are calculated on a base of 704
significant companies.
The companies cash their credits on an
average of 59 dd.
The average duration of suppliers debts is
about 110 dd.
The sector's profitability is on an average
of 1,97%.
The labour cost affects the turnover in the
measure of 8,93%.
Goods are held in stock in a range of 28 dd.
The difference between the sales volume and
the resources used to realize it is about 1,97.
The employees costs represent the 8,80% of
the production costs.
Statistical Detrimental Data
The area is statistically considered
remarkably risky.
In the region 30.540 protested subjects are
found; in the province they count to 2.590.
The insolvency index for the region is 1,52,
, while for the province it is 1,52.
Total Bankrupt companies in the province :
457.
Total Bankrupt companies in the region :
5.013.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.46 |
|
UK Pound |
1 |
Rs.71.53 |
|
Euro |
1 |
Rs.64.63 |
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.