MIRA
INFORM REPORT
|
Report Date : |
16.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
PROFILI PINTO - S.R.L. |
|
|
|
|
Registered Office : |
Via Nazionale Delle Puglie Km.36,400,s.n. 80013- Casalnuovo di Napoli(NA) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
04.05.1993 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of glassware and crystal |
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 : |
20.000 - 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 – 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 |
Name and address
Profili Pinto - S.r.l.
Via Nazionale Delle Puglie Km.36,400,s.n.
80013- Casalnuovo di Napoli(NA)-IT-
Summary
|
Fiscal Code |
: |
02723251217 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
04/05/1993 |
|
Equity |
: |
1.000.000 Eur |
|
Turnover Range |
: |
1.500.000/2.000.000 Eur |
|
Number of Employees |
: |
from 11 to 15 |
Credit Analysis
|
Credit Opinion |
: |
20.000 - Eur |
Activity
Wholesale of glassware and crystal
Wholesale of china and porcelain
Wholesale of china and porcelain
Retail sale of household utensils, crystal and glassware
Retail sale of giftware and gifts for smokers
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 02723251217 |
|
Municipal Licence : 1067/ABC since 03/04/1995 |
|
Chamber of Commerce no. : 241559 of Caserta |
|
Chamber of Commerce no. : 511004 of Napoli since 26/05/1993 |
|
V.A.T. Code : 02723251217 |
|
R. E. C. no. : 137193 of Napoli since 01/12/1993 |
|
Tribunal Co. Register : 308293 of Napoli since 26/05/1993 |
|
Foundation date |
: 04/05/1993 |
|
|
Establishment date |
: 04/05/1993 |
|
|
Start of Activities |
: 04/05/1993 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 520.000 |
Eur |
|
Subscribed Capital |
: 520.000 |
Eur |
|
Paid up Capital |
: 520.000 |
Eur |
Members
|
|
Pinto |
Mario |
|
|
|
Born in Napoli |
(NA) |
on 18/06/1962 |
- Fiscal Code : PNTMRA62H18F839W |
|
|
|
Residence : |
Via |
V.scala |
, 31 |
- 80100 |
Napoli |
(NA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
04/05/1993 |
|
|
|
|
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.
|
|
PINTO |
MARIO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
LINEA PINTO S.R.L. |
Casalnuovo di Napoli (NA) - IT - |
04110830637 |
Director |
Active |
Registered |
|
TAVOLE E FAVOLE S.A.S. DI MARIO PINTO E C. |
Napoli (NA) - IT - |
05113601214 |
General Partner |
Withdrawn |
Registered |
Capital Shareholders
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Pinto Mario |
Napoli - IT - |
PNTMRA62H18F839W |
124.800 .Eur |
24,00 |
|
Pinto Maria |
|
PNTMRA59T49F839D |
124.800 .Eur |
24,00 |
|
Pinto Carmela |
|
PNTCML57P58F839A |
124.800 .Eur |
24,00 |
|
Pinto Giuseppe |
|
PNTGPP55C28F839Q |
124.800 .Eur |
24,00 |
|
Pinto Edoardo |
|
PNTDRD23L09F839V |
20.800 .Eur |
4,00 |
Direct Participations
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares
Amount |
% Ownership |
since |
until |
Share Status |
|
Polo Della Qualita' - Societa' Consortile
A R.l. In Liquidazione |
Napoli - IT - |
07798350638 |
203 .Eur |
0,33 |
|
|
Active |
|
INDUSTRIE POLO DELLA QUALITA' S.C. A R.L. |
Napoli - IT - |
04341701219 |
560 .Eur |
1,12 |
|
|
Active |
Firm's location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
|
|
|
|
|
Via |
Nazionale Delle Puglie Km |
, 36.400 |
- 80013 |
- Casalnuovo di Napoli |
(NA) |
- IT - |
|
|
|
|
Total Surface: 10 Sq.mt. |
|
|
|
|
PHONE |
: 081/8424929 |
|
|
|
|
FAX |
: 081/8426343 |
|
|
|
|
Employees |
: 10 |
|
|
|
|
Assistants |
: 3 |
|
Fittings and Equipment for a value of 70.000 |
Eur |
|
Stocks for a value of 1.270.000 |
Eur |
|
|
Traded Brands / Suppliers
|
- John Stelman (Bavaria) |
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 company is active since 1993
The economic-financial analysis has been made on the base of the latest
2 balance sheets.
Last two financial years were marked by losses; in 2009 r.o.e. is
-0,14%.
The operating result was positive in the last financial year (0,67%)
falling within the field's average.
The amount of the operating result for the year 2009 is of Eur. 15.257
with an increase of more then 100% if the compared to the previous financial
year.
During the latest financial year the gross operating margin amounted to
Eur. 42.990 growing by more then 100% if compared to the year before.
Company's financial status is balanced since indebtedness is not high
(1,03) even though on the increase if compared to 2008.
The management generated equity capital for an amount of Eur. 960.908 ,
unchanged if compared to 2008.
Total indebtedness totalled Eur. 1.169.964, with no important change.
Bank and suppliers credit recourse is limited, 73,39 gg. is payment
average period which is also lower than the sector average.
The management determines a good range of liquidity.
Trade credits average terms are slow, on average 95,33 days. even higher
than the average of the specific sector.
During financial year 2009 the cash flow amounted to Eur. 26.422
Subordinate employment cost is of Eur. 300.697, i.e. 15,75% on total
production costs. , whereas the incidence on sales revenues is of 16%.
The incidence of the financial charges is of -1,37% on the sales amount.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
1.879.831 |
|
Profit (Loss) for the period |
-1.311 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
1.992.249 |
|
Profit (Loss) for the period |
-42.873 |
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 |
0,14 |
0,14 |
0,13 |
|
Elasticity Ratio |
Units |
0,86 |
0,85 |
0,85 |
|
Availability of stock |
Units |
0,56 |
0,54 |
0,44 |
|
Total Liquidity Ratio |
Units |
0,30 |
0,31 |
0,31 |
|
Quick Ratio |
Units |
0,08 |
0,09 |
0,04 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
Net Short-term indebtedness |
Units |
1,03 |
0,72 |
4,61 |
|
Self Financing Ratio |
Units |
0,42 |
0,42 |
0,13 |
|
Capital protection Ratio |
Units |
0,46 |
0,50 |
0,61 |
|
Liabilities consolidation quotient |
Units |
0,13 |
0,48 |
0,15 |
|
Financing |
Units |
1,22 |
1,25 |
6,15 |
|
Permanent Indebtedness Ratio |
Units |
0,49 |
0,61 |
0,30 |
|
M/L term Debts Ratio |
Units |
0,06 |
0,19 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
0,62 |
0,65 |
0,95 |
|
CORRELATION |
|
|
|
|
|
Fixed assets ratio |
Units |
3,47 |
4,21 |
1,98 |
|
Current ratio |
Units |
1,67 |
2,17 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,59 |
0,80 |
0,49 |
|
Structure's primary quotient |
Units |
3,01 |
2,91 |
1,00 |
|
Treasury's primary quotient |
Units |
0,15 |
0,23 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
237,06 |
238,25 |
755,15 |
|
Current Capital ( net ) |
Value |
786.496 |
1.055.301 |
132.151 |
|
RETURN |
|
|
|
|
|
Return on Sales |
% |
1,41 |
- 0,92 |
2,51 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
- 0,14 |
- 4,46 |
7,20 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
1,62 |
- 3,58 |
22,47 |
|
Return on Investment ( R.O.I. ) |
% |
0,67 |
- 0,22 |
4,38 |
|
Return/ Sales |
% |
0,81 |
- 0,25 |
3,49 |
|
Extra Management revenues/charges incid. |
% |
- 8,59 |
n.c. |
24,16 |
|
Cash Flow |
Value |
26.422 |
-18.306 |
42.075 |
|
Operating Profit |
Value |
15.257 |
-5.073 |
57.615 |
|
Gross Operating Margin |
Value |
42.990 |
19.494 |
89.267 |
|
MANAGEMENT |
|
|
|
|
|
Credits to clients average term |
Days |
95,33 |
89,52 |
50,36 |
|
Debts to suppliers average term |
Days |
73,39 |
64,27 |
170,07 |
|
Average stock waiting period |
Days |
242,80 |
223,61 |
116,96 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,83 |
0,87 |
1,29 |
|
Rate of stock return |
Units |
1,48 |
1,61 |
3,06 |
|
Labour cost incidence |
% |
16,00 |
16,18 |
10,40 |
|
Net financial revenues/ charges incidence |
% |
- 1,37 |
- 1,48 |
- 1,15 |
|
Labour cost on purchasing expenses |
% |
15,75 |
15,73 |
10,42 |
|
Short-term financing charges |
% |
2,30 |
2,49 |
2,18 |
|
Capital on hand |
% |
121,18 |
115,07 |
77,48 |
|
Sales pro employee |
Value |
170.893 |
181.113 |
295.230 |
|
Labour cost pro employee |
Value |
27.336 |
29.301 |
31.438 |
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:
20.000 Eur.
Market / Territory Data
|
Population living in the province |
: |
3.092.859 |
|
Population living in the region |
: |
5.788.986 |
|
Number of families in the region |
: |
1.966.064 |
Monthly family expences average in the region (in Eur.) :
|
- per food products |
: |
475 |
|
- per non food products |
: |
1.304 |
|
- per energy consume |
: |
79 |
Sector Data
The values are calculated on a base of 4.015 significant companies.
The companies cash their credits on an average of 50 dd.
The average duration of suppliers debts is about 170 dd.
The sector's profitability is on an average of 2,51%.
The labour cost affects the turnover in the measure of 10,40%.
Goods are held in stock in a range of 116 dd.
The difference between the sales volume and the resources used to
realize it is about 1,29.
The employees costs represent the 10,42% of the production costs.
Statistical Detrimental Data
The area is statistically considered remarkably risky.
In the region 80.616 protested subjects are found; in the province they
count to 41.815.
The insolvency index for the region is 1,40, , while for the province it
is 1,36.
Total Bankrupt companies in the province : 18.217.
Total Bankrupt companies in the region : 28.514.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.68 |
|
|
1 |
Rs.73.04 |
|
Euro |
1 |
Rs.64.29 |
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.