MIRA INFORM REPORT
|
Report Date : |
22.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
IDRA S.R.L.
|
|
|
|
|
Registered Office : |
Via Dei Metalli, 2 , 25039 –
Travagliato (BS) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
25.01.1990 |
|
|
|
|
Com. Reg. No.: |
BS029-43233 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of metal forming machinery and tool machines |
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 : |
70.000 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
Idra S.r.l.
Via Dei Metalli, 2
25039 - Travagliato (BS) -IT-
Summary
|
Fiscal Code |
: |
03095610170 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
29/03/1990 |
|
Equity |
: |
Over 2.582.254 Eur |
|
Turnover Range |
: |
12.750.000/15.500.000 Eur |
|
Number of Employees |
: |
from 91 to 110 |
Credit Analysis
|
Credit Opinion |
: |
70.000 - Eur |
Activity
Manufacture of metal forming machinery and
tool machines
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 03095610170 |
|
Foreign Trade Reg. no. : BS026069 since
07/01/1992 |
|
Chamber of Commerce no. : 323074 of
Brescia since 13/03/1990 |
|
Firms' Register : BS029-43233 |
|
V.A.T. Code : 03095610170 |
|
Establishment date |
: 25/01/1990 |
|
|
Start of Activities |
: 29/03/1990 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 5.032.661 |
Eur |
|
Subscribed Capital |
: 5.032.661 |
Eur |
|
Paid up Capital |
: 5.032.661 |
Eur |
Members
|
|
Regosini |
Giuseppe |
|
|
|
Born in San Gervasio Bresciano |
(BS) |
on 09/06/1952 |
- Fiscal Code : RGSGPP52H09H865S |
|
|
|
Residence : |
Via |
Guglielmo Oberdan |
, 20/L |
- 25100 |
Brescia |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Institor |
30/01/2008 |
|
|
|
|
No Protests
registered |
|
|
Ferrario |
Riccardo |
|
|
|
Born in Trieste |
(TS) |
on 26/03/1957 |
- Fiscal Code : FRRRCR57C26L424U |
|
|
|
Residence : |
Via |
Carlo Alberto |
, 36 |
- 10100 |
Torino |
(TO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
27/01/2010 |
|
|
|
|
No Protests
registered |
|
|
Chung |
Yuk Ming |
|
|
|
Born in Hong Kong |
on 01/01/1948 |
- Fiscal Code : CHNYMN48A01Z210H |
|
|
|
Residence : |
Via |
Dei Metalli |
, 2 |
- 25039 |
Travagliato |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
15/01/2010 |
|
|
|
|
No Protests
registered |
|
|
Giacomelli |
Federico |
|
|
|
Born in Brescia |
(BS) |
on 21/06/1968 |
- Fiscal Code : GCMFRC68H21B157L |
|
|
|
Residence : |
Via |
R. Colombo |
, 11 |
- 24067 |
Sarnico |
(BG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
28/07/2006 |
|
|
|
|
No Protests
registered |
|
|
Mishechkin |
Sergey
Aleksandrovich |
|
|
|
Born in Mosca |
on 20/11/1970 |
|
|
|
Residence : |
Ul. Vinokurova |
, 26 |
Mosca |
- RU - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
01/12/2008 |
|
|
|
|
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.
|
|
REGOSINI |
GIUSEPPE |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
IDRA PRESSE S.P.A. |
Brescia (BS) - IT - |
01962610174 |
Procurator |
Withdrawn |
Registered |
|
|
FERRARIO |
RICCARDO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
ALUTEK S.P.A. |
Torino (TO) - IT - |
06278040016 |
Procurator |
Withdrawn |
Ceased |
|
METEC INDUSTRIAL MATERIALS S.R.L. |
Carmagnola (TO) - IT - |
08539310014 |
Director |
Withdrawn |
Registered |
|
OLD MAGNESIUM PRODUCTS OF ITALY S.R.L. IN
LIQUIDAZIONE |
Torino (TO) - IT - |
00593190077 |
Managing
Director |
Withdrawn |
Registered |
|
OLD MAGNESIUM PRODUCTS OF ITALY S.R.L. IN
LIQUIDAZIONE |
Torino (TO) - IT - |
00593190077 |
Director |
Withdrawn |
Registered |
|
OLD MAGNESIUM PRODUCTS OF ITALY S.R.L. IN
LIQUIDAZIONE |
Torino (TO) - IT - |
00593190077 |
General Director
|
Withdrawn |
Registered |
|
TATEC S.R.L. |
Orbassano (TO) - IT - |
08740090017 |
Sole Director |
Withdrawn |
Registered |
|
TEKSID PARTECIPAZIONI S.P.A. |
Torino (TO) - IT - |
02051460018 |
Procurator |
Withdrawn |
Ceased |
|
|
GIACOMELLI |
FEDERICO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
IDRA CASTING MACHINES S.R.L. OD IN BREVE
IDRA S.R.L. |
Milano (MI) - IT - |
03735960969 |
Procurator |
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 |
|
Intekcapital S.p.a. |
Milano - IT - |
13216310154 |
754.899 .Eur |
15,00 |
|
Honest Well Investment Limited |
|
97492060153 |
4.277.761 .Eur |
85,00 |
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 |
|
Consorzio Bresciano Per La Ricerca
Applicata E L'innovazione Tecnologica Nel Set |
Brescia - IT - |
03067310171 |
13.000 .Eur |
1,41 |
|
|
Active |
Firm's location and structure
In order to carry out its activities the
firm uses the following locations:
|
- |
Legal and
operative seat |
|
|
|
|
|
|
Via |
Dei Metalli |
, 2 |
- 25039 |
- Travagliato |
(BS) |
- IT - |
|
|
|
|
PHONE |
: 030/2583581 |
|
|
|
|
PHONE |
: 030/20111 |
|
|
|
|
FAX |
: 030/2002345 |
|
|
|
|
Employees |
: 106 |
|
Fittings and Equipment for a value of
610.000 |
Eur |
|
Stocks for a value of 8.620.000 |
Eur |
|
Work in progress for a value of 3.350.000 |
Eur |
|
|
The firm operates abroad as importer /
exporter. .
To purchase foreign products the firm uses
the following channels :
|
- distributors |
|
- direct orders to foreign companies |
Export represents up to 20% of the global
turnover.
Products abroad are placed by :
|
- its own sales net-work |
|
- its own agents |
|
- direct orders from foreign companies |
Historical Information and/or
Firm's Status
EX-MEMBERS /
EX-POSITIONS:
|
|
Salom |
Maurizio |
|
|
|
Born in Milano |
on 09/04/1954 |
- Fiscal Code : SLMMRZ54D09F205Y |
|
|
|
Residence : |
Via |
Montevideo |
, 5 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Musumeci |
Ernesto Domenico
|
|
|
|
Born in Ferrara |
on 17/09/1942 |
- Fiscal Code : MSMRST42P17D548R |
|
|
|
Residence : |
Corso |
Dante |
, 126 |
- 10100 |
Torino |
(TO) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Director |
|
Board Chairman |
|
|
Rossi |
Carlo Luigi |
|
|
|
Born in Monza |
on 13/08/1954 |
- Fiscal Code : RSSCLL54M13F704Z |
|
|
|
Residence : |
Via |
Cesare Da Sesto |
, 20 |
- 20123 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Ferrario |
Riccardo |
|
|
|
Born in Trieste |
on 26/03/1957 |
- Fiscal Code : FRRRCR57C26L424U |
|
|
|
Residence : |
Via |
Carlo Alberto |
, 36 |
- 10100 |
Torino |
(TO) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Director |
|
|
Bdo S.p.a. |
|
|
- Fiscal Code : 01795620150 |
|
|
|
Residence : |
Largo |
Augusto |
, 8 |
- 20122 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
|
|
|
Bona |
Gianluigi |
|
|
|
Born in Cologne |
on 08/08/1965 |
- Fiscal Code : BNOGLG65M08C893E |
|
|
|
Residence : |
Via |
Garibaldi |
, 12 |
- 25030 |
Adro |
(BS) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Bonazzi |
Paolo Alessandro
|
|
|
|
Born in Torino |
on 22/01/1964 |
- Fiscal Code : BNZPLS64A22L219I |
|
|
|
Residence : |
Corso |
Roma |
, 186 |
- 20093 |
Cologno Monzese |
(MI) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Chung |
Yuk Ming |
|
|
|
Born in Hong Kong |
on 01/01/1948 |
- Fiscal Code : CHNYMN48A01Z210H |
|
|
|
Residence : |
Via |
Dei Metalli |
, 2 |
- 25039 |
Travagliato |
(BS) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Mishechkin |
Sergey
Aleksandrovich |
|
|
|
Born in Mosca |
on 20/11/1970 |
|
|
|
Residence : |
Ul. Vinokurova |
, 26 |
Mosca |
- RU - |
|
Ex-Postions |
|
Procurator |
|
|
BENNATI |
STEFANO |
|
|
|
Born in MILANO |
on 26/03/1967 |
- Fiscal Code : BNNSFN67C26F205O |
|
|
|
Residence : |
Via |
VIGILIO INAMA |
, 9 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Armanetti |
Fabio |
|
|
|
Born in Manerbio |
on 12/04/1972 |
- Fiscal Code : RMNFBA72D12E884N |
|
|
|
Residence : |
Via |
Pergolina |
, 1 |
- 25035 |
Ospitaletto |
(BS) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
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 1990
The economic-financial analysis has been
made on the base of the b/s of the latests three years.
During the last years the subject suffered
net losses and in 2009 r.o.e. is -198,15%. The last financial year was marked
by a decrease in the turnover.
A loss is registered as to the operating
result (-20,3%).
The operating result is negative (Eur.
-4.695.339).
At the end of the latest financial year, a
negative gross operating margin of Eur. -2.629.468 was registered.
The financial position is not well balanced
as the volume of debts is fairly remarkable if compared to shareholder's
equity, in fact total debts are 5,72 with an upward trend.
With regard to equity capital, an amount of Eur.
2.966.401 is registered. showing a -49,24% drop.
Eur. 18.032.085 is the amount of total
debts, both commercial and of different nature, with no important change.
Financial indebtedness is considered fair
whereas the recourse to commercial borrowings is high but lined up with the
field's average.
The liquidity level is not completely good.
Accounts receivable average term is high
(154,12 days). even if compared to the average of the sector.
(Eur. -3.812.880) is the negative value of
the cash flow.
Subordinate employment cost is of Eur.
4.878.062, i.e. 26,42% on total production costs. , whereas the incidence on
sales revenues is of 35,8%.
Financial charges are high: the incidence on
sales volume amounts to -3,15%
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
13.626.540 |
|
Profit (Loss) for the period |
-5.877.951 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
27.330.731 |
|
Profit (Loss) for the period |
-1.866.993 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
25.897.346 |
|
Profit (Loss) for the period |
-5.840.167 |
|
|
|
Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
18.497.993 |
|
Profit (Loss) for the period |
-1.872.983 |
|
|
|
Complete balance-sheet for the year |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
11.479.005 |
|
Profit (Loss) for the period |
77.509 |
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 |
0,27 |
0,28 |
0,30 |
0,18 |
|
Elasticity Ratio |
Units |
0,73 |
0,71 |
0,69 |
0,80 |
|
Availability of stock |
Units |
0,37 |
0,29 |
0,29 |
0,26 |
|
Total Liquidity Ratio |
Units |
0,35 |
0,42 |
0,39 |
0,44 |
|
Quick Ratio |
Units |
0,05 |
0,07 |
0,00 |
0,02 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
5,72 |
3,19 |
768,99 |
3,95 |
|
Self Financing Ratio |
Units |
0,13 |
0,20 |
0,00 |
0,13 |
|
Capital protection Ratio |
Units |
0,00 |
0,46 |
104,49 |
0,60 |
|
Liabilities consolidation quotient |
Units |
0,06 |
0,05 |
0,07 |
0,11 |
|
Financing |
Units |
6,08 |
3,54 |
769,74 |
5,08 |
|
Permanent Indebtedness Ratio |
Units |
0,17 |
0,23 |
0,06 |
0,30 |
|
M/L term Debts Ratio |
Units |
0,05 |
0,04 |
0,05 |
0,08 |
|
Net Financial Indebtedness Ratio |
Units |
2,94 |
1,71 |
340,79 |
0,76 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
0,65 |
0,83 |
0,20 |
1,78 |
|
Current ratio |
Units |
0,93 |
1,02 |
0,83 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,45 |
0,61 |
0,48 |
0,67 |
|
Structure's primary quotient |
Units |
0,48 |
0,70 |
0,00 |
0,93 |
|
Treasury's primary quotient |
Units |
0,06 |
0,10 |
0,00 |
0,02 |
|
Rate of indebtedness ( Leverage ) |
% |
779,64 |
509,19 |
93.150,98 |
711,85 |
|
Current Capital ( net ) |
Value |
-1.213.197 |
506.291 |
-4.083.654 |
260.523 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
- 27,98 |
0,29 |
- 14,01 |
2,69 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
- 198,15 |
- 31,95 |
-17.881,16 |
3,59 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
- 198,15 |
- 30,92 |
-17.728,07 |
23,65 |
|
Return on Investment ( R.O.I. ) |
% |
- 20,30 |
- 4,40 |
- 16,89 |
4,42 |
|
Return/ Sales |
% |
- 34,46 |
- 4,79 |
- 19,84 |
3,96 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
n.c. |
n.c. |
14,09 |
|
Cash Flow |
Value |
-3.812.880 |
79.436 |
-3.630.230 |
61.403 |
|
Operating Profit |
Value |
-4.695.339 |
-1.309.798 |
-5.139.050 |
126.277 |
|
Gross Operating Margin |
Value |
-2.629.468 |
636.631 |
-2.926.763 |
173.261 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
154,12 |
101,97 |
143,24 |
127,36 |
|
Debts to suppliers average term |
Days |
179,88 |
100,64 |
140,22 |
154,41 |
|
Average stock waiting period |
Days |
227,71 |
112,83 |
123,58 |
107,40 |
|
Rate of capital employed return ( Turnover
) |
Units |
0,59 |
0,92 |
0,85 |
1,06 |
|
Rate of stock return |
Units |
1,58 |
3,19 |
2,91 |
3,34 |
|
Labour cost incidence |
% |
35,80 |
23,51 |
28,00 |
21,45 |
|
Net financial revenues/ charges incidence |
% |
- 3,15 |
- 1,81 |
- 4,00 |
- 1,57 |
|
Labour cost on purchasing expenses |
% |
26,42 |
21,29 |
22,75 |
21,15 |
|
Short-term financing charges |
% |
2,43 |
4,57 |
4,17 |
3,24 |
|
Capital on hand |
% |
169,72 |
108,88 |
117,47 |
94,33 |
|
Sales pro employee |
Value |
122.761 |
213.521 |
169.263 |
182.108 |
|
Labour cost pro employee |
Value |
43.946 |
50.202 |
47.403 |
36.959 |
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:
70.000Eur.
Market / Territory Data
|
Population living in the province |
: |
1.169.259 |
|
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 45
significant companies.
The companies cash their credits on an
average of 127 dd.
The average duration of suppliers debts is
about 154 dd.
The sector's profitability is on an average
of 2,69%.
The labour cost affects the turnover in the
measure of 21,45%.
Goods are held in stock in a range of 107
dd.
The difference between the sales volume and
the resources used to realize it is about 1,06.
The employees costs represent the 21,15% of
the production costs.
Statistical Detrimental Data
The area is statistically considered
moderately risky.
In the region 50.886 protested subjects are
found; in the province they count to 5.551.
The insolvency index for the region is 0,55,
, while for the province it is 0,48.
Total Bankrupt companies in the province :
3.452.
Total Bankrupt companies in the region :
39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.91 |
|
UK Pound |
1 |
Rs.72.90 |
|
Euro |
1 |
Rs.64.48 |
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.