MIRA INFORM REPORT
|
Report Date : |
17.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
INTAVOLA S.R.L. |
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Registered Office : |
Viale Tommaso Edison, 61 20099- Sesto San
Giovanni (MI) |
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Country : |
Italy |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
10.09.2007 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale of porcelain and glassware and
cleaning materials |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
7.000 Eur |
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|
|
|
Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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 |
|
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
Intavola S.r.l.
Viale Tommaso
Edison, 61
20099 - Sesto San Giovanni (MI) -IT-
Summary
|
Fiscal Code |
: |
05863810965 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
04/01/2008 |
|
Equity |
: |
400.000 Eur |
|
Turnover Range |
: |
500.000/750.000 Eur |
|
Number of Employees |
: |
from 1 to 5 |
Credit Analysis
|
Credit Opinion |
: |
7.000 - Eur |
Activity
Wholesale of porcelain and glassware and
cleaning materials
Wholesale of information and communication
equipment
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 05863810965 |
|
Chamber of Commerce no. : 1854768 of
Milano since 24/09/2007 |
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V.A.T. Code : 05863810965 |
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Establishment date |
: 10/09/2007 |
|
|
Start of Activities |
: 04/01/2008 |
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|
Legal duration |
: 31/12/2050 |
|
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Nominal Capital |
: 10.000 |
Eur |
|
Subscribed Capital |
: 10.000 |
Eur |
|
Paid up Capital |
: 2.500 |
Eur |
Members
|
|
Muzzini |
Elena |
|
|
|
Born in Milano |
(MI) |
on 22/09/1970 |
- Fiscal Code : MZZLNE70P62F205Z |
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|
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Residence : |
Viale |
Ungheria |
, 24 |
- 20138 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
10/09/2007 |
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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.
|
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MUZZINI |
ELENA |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
WEISSESTAL HOME CONCEPTS S.R.L. |
Sesto San Giovanni (MI) - IT - |
05863820964 |
Director |
Active |
Registered |
|
WEISSESTAL HOME CONCEPTS S.R.L. |
Sesto San Giovanni (MI) - IT - |
05863820964 |
Sole Director |
Withdrawn |
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 |
|
Intereurope S.r.l. |
Sesto San Giovanni - IT - |
02912000961 |
7.500 .Eur |
75,00 |
|
Hofmann Sheela Yill |
|
HFMSLY87T57I690Z |
2.500 .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 |
|
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|
|
|
|
Viale |
Tommaso Edison |
, 61 |
- 20099 |
- Sesto San Giovanni |
(MI) |
- IT - |
|
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|
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Employees |
: 2 |
|
Stocks for a value of 490.000 |
Eur |
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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
Subject under review started the activities
in 2008.
Balance sheets for the years 2008, 2009 and
2010 were analyzed.
During the last years the subject suffered
net losses and in 2010 r.o.e. is -17,46%.
A loss is registered as to the operating
result (-7,1%).
The amount of the operating loss for 2010 is
equal to Eur. -53.144.
At the end of the latest financial year, a
negative gross operating margin of Eur. -51.579 was registered.
The financial status of the company is
fairly balanced with an indebtedness level of 1,01 with an improving trend as
on the decrease.
The management generated equity capital for
an amount of Eur. 323.395 with a growth of 36,58% in 2010.
The financial management has recorded total
debts amounting to Eur. 399.184, on the same levels as the year before.
Available funds are good.
The financial management generated a
negative cash flow (Eur. -54.912).
Subordinate employment cost is of Eur.
68.566, i.e. 8,86% on total production costs. , with a 12,13% incidence on turnover.
Financial charges have a limited incidence
(-0,19%) on sales volume.
Financial Data
|
|
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Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
565.486 |
|
Profit (Loss) for the period |
-56.477 |
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|
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Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
493.296 |
|
Profit (Loss) for the period |
-55.136 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
602.225 |
|
Profit (Loss) for the period |
-8.605 |
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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- Balance Sheet
as at 31/12/2008 - 12 Mesi - Currency: Eur - Amounts x 1 |
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RATIOS |
Value Type |
as at 31/12/2010 |
as at 31/12/2009 |
as at 31/12/2008 |
Sector Average |
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COMPOSITION ON
INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,01 |
0,01 |
0,01 |
0,08 |
|
Elasticity Ratio |
Units |
0,99 |
0,99 |
0,99 |
0,90 |
|
Availability of stock |
Units |
0,65 |
0,66 |
0,59 |
0,25 |
|
Total Liquidity Ratio |
Units |
0,34 |
0,32 |
0,40 |
0,58 |
|
Quick Ratio |
Units |
0,10 |
0,11 |
0,08 |
0,03 |
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COMPOSITION ON
SOURCE |
|
|
|
|
|
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Net Short-term indebtedness |
Units |
1,01 |
1,35 |
1,59 |
4,11 |
|
Self Financing Ratio |
Units |
0,43 |
0,36 |
0,35 |
0,15 |
|
Capital protection Ratio |
Units |
1,14 |
1,19 |
1,00 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,05 |
0,04 |
0,03 |
0,11 |
|
Financing |
Units |
1,23 |
1,66 |
1,82 |
5,04 |
|
Permanent Indebtedness Ratio |
Units |
0,46 |
0,39 |
0,36 |
0,28 |
|
M/L term Debts Ratio |
Units |
0,03 |
0,03 |
0,02 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
0,00 |
1,02 |
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CORRELATION |
|
|
|
|
|
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Fixed assets ratio |
Units |
56,41 |
62,63 |
61,52 |
2,89 |
|
Current ratio |
Units |
1,86 |
1,63 |
1,56 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,63 |
0,53 |
0,63 |
0,85 |
|
Structure's primary quotient |
Units |
53,10 |
58,30 |
58,70 |
1,77 |
|
Treasury's primary quotient |
Units |
0,18 |
0,19 |
0,13 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
231,37 |
274,24 |
287,95 |
634,84 |
|
Current Capital ( net ) |
Value |
342.969 |
246.695 |
298.758 |
264.536 |
|
RETURN |
|
|
|
|
|
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Return on Sales |
% |
- 9,71 |
- 10,94 |
- 1,30 |
2,24 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
- 17,46 |
- 23,29 |
- 2,95 |
8,17 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
- 16,76 |
- 22,26 |
- 2,95 |
23,98 |
|
Return on Investment ( R.O.I. ) |
% |
- 7,10 |
- 7,73 |
- 1,10 |
5,16 |
|
Return/ Sales |
% |
- 9,40 |
- 10,18 |
- 1,53 |
3,89 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
n.c. |
n.c. |
27,37 |
|
Cash Flow |
Value |
-54.912 |
-53.955 |
-7.808 |
56.925 |
|
Operating Profit |
Value |
-53.144 |
-50.224 |
-9.236 |
96.744 |
|
Gross Operating Margin |
Value |
-51.579 |
-49.043 |
-8.439 |
134.262 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
n.c. |
n.c. |
114,03 |
121,35 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
167,00 |
142,27 |
|
Average stock waiting period |
Days |
311,19 |
314,51 |
296,00 |
65,23 |
|
Rate of capital employed return ( Turnover
) |
Units |
0,76 |
0,76 |
0,72 |
1,37 |
|
Rate of stock return |
Units |
1,16 |
1,14 |
1,22 |
5,48 |
|
Labour cost incidence |
% |
12,13 |
17,04 |
14,25 |
8,02 |
|
Net financial revenues/ charges incidence |
% |
- 0,19 |
0,29 |
0,11 |
- 1,07 |
|
Labour cost on purchasing expenses |
% |
8,86 |
12,30 |
6,83 |
8,14 |
|
Short-term financing charges |
% |
0,42 |
0,19 |
0,00 |
2,47 |
|
Capital on hand |
% |
132,32 |
131,63 |
139,57 |
72,70 |
|
Sales pro employee |
Value |
282.743 |
246.648 |
301.112 |
416.252 |
|
Labour cost pro employee |
Value |
34.283 |
42.037 |
42.923 |
32.474 |
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:
7.000Eur.
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 9.175
significant companies.
The companies cash their credits on an
average of 121 dd.
The average duration of suppliers debts is
about 142 dd.
The sector's profitability is on an average
of 2,24%.
The labour cost affects the turnover in the
measure of 8,02%.
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 1,37.
The employees costs represent the 8,14% 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.44.90 |
|
UK Pound |
1 |
Rs.72.54 |
|
Euro |
1 |
Rs.63.39 |
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.