MIRA INFORM
REPORT
|
Report Date : |
29.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
CENTRO PRESSE S.R.L. |
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Registered Office : |
Corso Regina Margherita, 272, 10100 – Torino
(TO) |
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Country : |
Italy |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
14.04.2000 |
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Com. Reg. No.: |
TO-2000-84861 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale of machine tools |
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 : |
60.000 Eur |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Italy |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
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
Centro Presse S.r.l.
Corso Regina Margherita, 272
10100 - Torino (TO) -IT-
Summary
|
Fiscal Code |
: |
07977300016 |
|
Legal Form |
: |
Limited liability company |
|
Establishment Date |
: |
14/04/2000 |
|
Equity |
: |
200.000 Eur |
|
Turnover Range |
: |
1.250.000/1.500.000 Eur |
|
Number of Employees |
: |
fom 6 to 10 |
Credit Analysis
|
Credit Opinion |
: |
60.000 - Eur |
Activity
Wholesale of machine tools
Legal Data
Legal Form : Limited liability
company
|
Fiscal Code : 07977300016 |
|
Chamber of Commerce no. : 935838 of Torino
since 18/05/2000 |
|
Firms' Register : TO-2000-84861 |
|
V.A.T. Code : 07977300016 |
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Establishment date |
: 14/04/2000 |
|
|
Nominal Capital |
: 11.000 |
Eur |
|
Subscribed Capital |
: 11.000 |
Eur |
|
Paid up Capital |
: 11.000 |
Eur |
Members
|
|
De Faveri |
Giampiero |
|
|
|
Born in Nizza Monferrato |
(AT) |
on 22/06/1957 |
- Fiscal Code : DFVGPR57H22F902T |
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Residence : |
Via |
Rivoli |
, 84/A |
- 10090 |
Rosta |
(TO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
15/09/2004 |
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|
|
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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.
|
|
DE FAVERI |
GIAMPIERO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
ASSERVO PRESSE SRL - IN LIQUIDAZIONE |
Torino (TO) - IT - |
04412760011 |
Liquidator |
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 |
|
Tranciature E Stampaggi S.r.l. Siglabile
Tiesse S.r.l. |
Nichelino - IT - |
08154950011 |
1.100 .Eur |
10,00 |
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 |
|
|
|
|
|
Corso |
Regina Margherita Studio Cascino |
, 272 |
- 10100 |
- Torino |
(TO) |
- IT - |
|
- |
Branch |
(Wholesale store
) |
since 23/12/2004 |
|
|
|
|
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Via |
Xxv Aprile |
, 154/4 |
- 10042 |
- Nichelino |
(TO) |
- IT - |
|
- |
Branch |
(office ) |
since 23/12/2004 |
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Via |
Don Sapino |
, 134 |
- 10078 |
- Venaria |
(TO) |
- IT - |
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PHONE |
: 011/715324 |
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Employees |
: 9 |
|
Fittings and Equipment for a value of
340.000 |
Eur |
|
Stocks for a value of 650.000 |
Eur |
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|
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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
Company's starting of activities
dates back to 2000.
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 16,53% in 2009
The operating result was positive
in the last financial year (6,84%) falling within the field's average.
The amount of the operating
result for the year 2009 is of Eur. 95.572 on stable levels if compared to the
previous year.
The economic management produced
a gross operating margin of Eur. 105.586 on the same levels as the previous
financial year.
The ratio between shareholder's
equity and borrowed capital is not well balanced, the indebtedness level is
equal to 6,06 falling if compared to 2008.
The management generated equity
capital for an amount of Eur. 186.607 on the same levels as the year before.
The financial management has
recorded total debts amounting to Eur. 1.198.986, whereas in the year before
they amounted to Eur. 1.783.155, with a -32,76% drop.
The recourse to bank credit is
slightly high and also borrowings from suppliers appear to be high, with an
average payment period equal to 137,86 gg. however still within the sector's
average.
Liquidity is good (1,13)
Trade credits average terms are
slow, on average 116,84 days. , as it normally happens in the sector.
The financial management
generated a cash flow of Eur. 40.860.
In the last financial year
labour cost was of Eur. 159.819, with a 12,17% incidence on total costs of
production. , whereas 11,35% is the incidence on sales revenues.
The incidence percentage of
financial charges on sales volume is equal to -2,31%.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
1.408.197 |
|
Profit (Loss) for the period |
30.846 |
|
|
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Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
5.046.671 |
|
Profit (Loss) for the period |
28.397 |
|
|
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Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
2.373.761 |
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Profit (Loss) for the period |
28.515 |
|
|
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Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
2.076.939 |
|
Profit (Loss) for the period |
41.575 |
|
|
|
Complete balance-sheet for the year |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
904.390 |
|
Profit (Loss) for the period |
44.698 |
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 |
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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 |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,02 |
0,02 |
0,02 |
0,08 |
|
Elasticity Ratio |
Units |
0,97 |
0,98 |
0,96 |
0,90 |
|
Availability of stock |
Units |
0,47 |
0,21 |
0,24 |
0,21 |
|
Total Liquidity Ratio |
Units |
0,50 |
0,76 |
0,72 |
0,63 |
|
Quick Ratio |
Units |
0,05 |
0,18 |
0,02 |
0,03 |
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COMPOSITION ON
SOURCE |
|
|
|
|
|
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Net Short-term indebtedness |
Units |
6,06 |
9,17 |
8,84 |
4,07 |
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Self Financing Ratio |
Units |
0,13 |
0,08 |
0,09 |
0,16 |
|
Capital protection Ratio |
Units |
0,78 |
0,75 |
0,68 |
0,62 |
|
Liabilities consolidation quotient |
Units |
0,01 |
0,00 |
0,00 |
0,10 |
|
Financing |
Units |
6,43 |
11,45 |
9,11 |
4,82 |
|
Permanent Indebtedness Ratio |
Units |
0,14 |
0,08 |
0,10 |
0,27 |
|
M/L term Debts Ratio |
Units |
0,01 |
0,00 |
0,00 |
0,06 |
|
Net Financial Indebtedness Ratio |
Units |
1,47 |
1,06 |
n.c. |
0,66 |
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CORRELATION |
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|
|
|
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Fixed assets ratio |
Units |
5,73 |
4,42 |
4,31 |
2,78 |
|
Current ratio |
Units |
1,13 |
1,06 |
1,07 |
1,23 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,59 |
0,83 |
0,80 |
0,92 |
|
Structure's primary quotient |
Units |
5,38 |
4,24 |
4,19 |
1,73 |
|
Treasury's primary quotient |
Units |
0,06 |
0,20 |
0,02 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
749,08 |
1.248,95 |
1.014,32 |
622,92 |
|
Current Capital ( net ) |
Value |
155.732 |
114.968 |
88.317 |
235.111 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
2,90 |
0,72 |
1,45 |
2,50 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
16,53 |
18,23 |
22,38 |
10,75 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
33,75 |
37,13 |
50,65 |
30,13 |
|
Return on Investment ( R.O.I. ) |
% |
6,84 |
6,05 |
6,60 |
5,93 |
|
Return/ Sales |
% |
6,79 |
2,33 |
3,59 |
4,23 |
|
Extra Management revenues/charges incid. |
% |
32,28 |
24,11 |
33,39 |
31,31 |
|
Cash Flow |
Value |
40.860 |
36.440 |
34.484 |
61.603 |
|
Operating Profit |
Value |
95.572 |
117.774 |
85.381 |
100.723 |
|
Gross Operating Margin |
Value |
105.586 |
125.817 |
91.350 |
141.744 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
116,84 |
38,64 |
136,76 |
126,97 |
|
Debts to suppliers average term |
Days |
137,86 |
73,73 |
160,00 |
150,54 |
|
Average stock waiting period |
Days |
166,17 |
29,25 |
47,44 |
54,95 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,01 |
2,59 |
1,83 |
1,43 |
|
Rate of stock return |
Units |
2,17 |
12,31 |
7,58 |
6,52 |
|
Labour cost incidence |
% |
11,35 |
1,93 |
1,61 |
8,41 |
|
Net financial revenues/ charges incidence |
% |
- 2,31 |
- 1,19 |
- 0,87 |
- 0,86 |
|
Labour cost on purchasing expenses |
% |
12,17 |
1,97 |
1,65 |
8,72 |
|
Short-term financing charges |
% |
2,72 |
3,36 |
1,79 |
2,17 |
|
Capital on hand |
% |
99,26 |
38,55 |
54,42 |
69,54 |
|
Sales pro employee |
Value |
352.049 |
1.682.223 |
2.373.761 |
432.037 |
|
Labour cost pro employee |
Value |
39.954 |
32.509 |
38.275 |
34.348 |
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:
60.000Eur.
Market / Territory Data
|
Population living in the province |
: |
2.236.941 |
|
Population living in the region |
: |
4.330.172 |
|
Number of families in the region |
: |
1.889.207 |
Monthly family expenses 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 2.551 significant companies.
The companies cash their credits
on an average of 126 dd.
The average duration of
suppliers debts is about 150 dd.
The sector's profitability is on
an average of 2,50%.
The labour cost affects the
turnover in the measure of 8,41%.
Goods are held in stock in a
range of 54 dd.
The difference between the sales
volume and the resources used to realize it is about 1,43.
The employees costs represent
the 8,72% 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 16.723.
The insolvency index for the
region is 0,63, , while for the province it is 0,76.
Total Bankrupt companies in the
province : 7.726.
Total Bankrupt companies in the
region : 14.165.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.13 |
|
UK Pound |
1 |
Rs.72.05 |
|
Euro |
1 |
Rs.63.33 |
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.