MIRA INFORM REPORT
|
Report Date : |
19.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
G.M.C S.R.L |
|
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Registered Office : |
Piazza Sicilia, 6, 20100 - Milano (MI) |
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Country : |
Italy |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
09.09.2009 |
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|
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|
Legal Form : |
Limited Liability Company |
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Line of Business : |
Rental, without an operator, of freight lifting and handling equipment: lift trucks, pallets etc. |
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 : |
10.000 Eur |
|
Status : |
Moderate |
|
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 |
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Moderate |
B1 |
|
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
G.m.c S.r.l.
Piazza Sicilia, 6
20100 - Milano (MI) -IT-
Summary
|
Fiscal Code |
: |
06723370968 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
30/09/2009 |
|
Equity |
: |
Over 2.582.254 Eur |
|
Turnover Range |
: |
1.000.000/1.250.000 Eur |
|
Number of Employees |
: |
from 1 to 5 |
Credit Analysis
|
Credit Opinion |
: |
10.000 - Eur |
Activity
Rental, without an operator, of freight lifting
and handling equipment: lift trucks, pallets etc.
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 06723370968 |
|
Chamber of Commerce no. : 1910790 of
Milano since 18/09/2009 |
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V.A.T. Code : 06723370968 |
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Establishment date |
: 09/09/2009 |
|
|
Start of Activities |
: 30/09/2009 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 100.000 |
Eur |
|
Subscribed Capital |
: 100.000 |
Eur |
|
Paid up Capital |
: 100.000 |
Eur |
Members
|
|
Peviani |
Laura Maria |
|
|
|
Born in Milano |
(MI) |
on 02/10/1963 |
- Fiscal Code : PVNLMR63R42F205S |
|
|
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Residence : |
Piazza |
Sicilia |
, 6 |
- 20146 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
09/09/2009 |
|
|
|
|
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.
|
|
PEVIANI |
LAURA MARIA |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
B.O.M. BUSINESS OFFICE MACHINES DI
LAMBERTO LEPRI E C. S.A.S. |
Milano (MI) - IT - |
00859020158 |
Limited Partner |
Active |
Registered |
|
BURNI S.R.L. |
Milano (MI) - IT - |
12535490150 |
Sole Director |
Withdrawn |
Registered |
|
LBM SERVIZI INTEGRATI ALLE AZIENDE S.R.L.
IN FORMA ABBREVIATA LBM SERVIZI S.R.L. |
Milano (MI) - IT - |
04326000967 |
Sole Director |
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 |
|
Pegaso Holding S.r.l. |
|
03232060123 |
100.000 .Eur |
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:
|
- |
Legal and
operative seat |
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|
|
|
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|
Piazza |
Sicilia |
, 6 |
- 20100 |
- Milano |
(MI) |
- IT - |
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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
The activity has only recently started.
The latest 2 available b/s have been used.
Under the financial profile unstable results
are noted. with a profit (r.o.e. 8,95%) in the last financial year The turnover
is growing in the last financial year (more then 100%).
The return on Investment in the last
financial year was positive (6,98%) falling within the field's average.
An operating result of Eur. 686.664 has been
registered. rising (+more then 100%) in relation to the previous year.
The G.O.M. amounted to Eur. 1.678.729
growing by more then 100% if compared to the year before.
From a financial aspect the company's status
covers total short-term debts; the indebtedness volume in 2010 is in fact 0,23
increasing compared to last year (0,01)
The management generated equity capital for
an amount of Eur. 7.794.074 on the same levels as the year before.
Total debts (both short and M/L term) equals
Eur. 1.951.922, while during the financial year 2009 the amount was equal to
Eur. 289.836.
The recourse to financial credit is within
the limits; on the other hand the recourse to suppliers' credit is rated as
fairly high even in comparison with the sector's.
Liquidity is however good.
Accounts receivable average term is high
(531,91 days). also in relation to the average of the sector.
2010 financial year closed with a cash flow
of Eur. 1.689.664
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
1.100.000 |
|
Profit (Loss) for the period |
697.599 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
300.000 |
|
Profit (Loss) for the period |
-3.525 |
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 31/12/2010 - 12 Mesi - Currency: Eur - Amounts x 1 |
|
- Balance Sheet
as at 31/12/2009 - 12 Mesi - Currency: Eur - Amounts x 1 |
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RATIOS |
Value Type |
as at 31/12/2010 |
as at 31/12/2009 |
Sector Average |
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COMPOSITION ON
INVESTMENT |
|
|
|
|
|
Rigidity Ratio |
Units |
0,69 |
0,80 |
0,38 |
|
Elasticity Ratio |
Units |
0,31 |
0,20 |
0,59 |
|
Availability of stock |
Units |
n.c. |
n.c. |
0,04 |
|
Total Liquidity Ratio |
Units |
0,31 |
0,20 |
0,51 |
|
Quick Ratio |
Units |
0,02 |
0,02 |
0,03 |
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COMPOSITION ON
SOURCE |
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|
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Net Short-term indebtedness |
Units |
0,23 |
0,01 |
3,36 |
|
Self Financing Ratio |
Units |
0,79 |
0,80 |
0,20 |
|
Capital protection Ratio |
Units |
0,90 |
0,99 |
0,44 |
|
Liabilities consolidation quotient |
Units |
n.c. |
n.c. |
0,13 |
|
Financing |
Units |
0,25 |
0,04 |
3,69 |
|
Permanent Indebtedness Ratio |
Units |
0,79 |
0,80 |
0,27 |
|
M/L term Debts Ratio |
Units |
n.c. |
n.c. |
0,08 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
1,38 |
|
CORRELATION |
|
|
|
|
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Fixed assets ratio |
Units |
1,15 |
1,00 |
0,99 |
|
Current ratio |
Units |
1,58 |
6,08 |
0,88 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,58 |
6,08 |
0,79 |
|
Structure's primary quotient |
Units |
1,15 |
1,00 |
0,49 |
|
Treasury's primary quotient |
Units |
0,09 |
0,73 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
126,22 |
125,22 |
499,22 |
|
Current Capital ( net ) |
Value |
1.127.538 |
1.471.443 |
-22.544 |
|
RETURN |
|
|
|
|
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Return on Sales |
% |
153,61 |
57,89 |
6,89 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
8,95 |
- 0,05 |
9,52 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
8,81 |
- 0,01 |
20,08 |
|
Return on Investment ( R.O.I. ) |
% |
6,98 |
0,85 |
3,42 |
|
Return/ Sales |
% |
62,42 |
25,12 |
3,59 |
|
Extra Management revenues/charges incid. |
% |
101,59 |
- 4,68 |
41,44 |
|
Cash Flow |
Value |
1.689.664 |
173.679 |
64.608 |
|
Operating Profit |
Value |
686.664 |
75.372 |
33.859 |
|
Gross Operating Margin |
Value |
1.678.729 |
252.576 |
89.242 |
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MANAGEMENT |
|
|
|
|
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Credits to clients average term |
Days |
531,91 |
510,00 |
117,27 |
|
Debts to suppliers average term |
Days |
930,81 |
2.212,50 |
157,45 |
|
Average stock waiting period |
Days |
n.c. |
n.c. |
21,56 |
|
Rate of capital employed return ( Turnover
) |
Units |
0,11 |
0,03 |
1,03 |
|
Rate of stock return |
Units |
n.c. |
n.c. |
16,67 |
|
Labour cost incidence |
% |
n.c. |
n.c. |
13,97 |
|
Net financial revenues/ charges incidence |
% |
0,00 |
0,00 |
- 1,39 |
|
Labour cost on purchasing expenses |
% |
n.c. |
n.c. |
13,76 |
|
Short-term financing charges |
% |
0,00 |
n.c. |
2,15 |
|
Capital on hand |
% |
894,33 |
2.962,10 |
95,01 |
|
Sales pro employee |
Value |
n.c. |
|
209.943 |
|
Labour cost pro employee |
Value |
n.c. |
|
33.984 |
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:
10.000 Eur.
Market / Territory Data
|
Population living in the province |
: |
3.839.216 |
|
Population living in the region |
: |
9.393.092 |
|
Number of families in the region |
: |
3.858.736 |
Monthly family expenses 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 165
significant companies.
The companies cash their credits on an
average of 117 dd.
The average duration of suppliers debts is
about 157 dd.
The sector's profitability is on an average
of 6,89%.
The labour cost affects the turnover in the
measure of 13,97%.
Goods are held in stock in a range of 21 dd.
The difference between the sales volume and
the resources used to realize it is about 1,03.
The employees costs represent the 13,76% of
the production costs.
Statistical Detrimental Data
The area is statistically considered lowly
risky.
In the region 50.886 protested subjects are found;
in the province they count to 24.765.
The insolvency index for the region is 0,55,
, while for the province it is 0,66.
Total Bankrupt companies in the province :
22.523.
Total Bankrupt companies in the region :
39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.57 |
|
UK Pound |
1 |
Rs.71.75 |
|
Euro |
1 |
Rs.62.60 |
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.