MIRA
INFORM REPORT
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Report Date : |
12.03.2011 |
IDENTIFICATION DETAILS
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Name : |
R.T.S. S.R.L. |
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Registered Office : |
Via Sotto Provinciale,22 24021- Albino (BG) |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
01.07.1992 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale of textile products |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 |
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Maximum Credit Limit : |
110.000 - Eur |
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Status : |
Good |
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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A2 |
A2 |
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Risk Category |
ECGC
Classification |
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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 |
Name and address
R.t.s. S.r.l.
Via Sotto Provinciale,22
24021- Albino(BG)-IT-
Summary
|
Fiscal Code |
: |
02142570163 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
01/07/1992 |
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Equity |
: |
1.500.000 Eur |
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|
: |
3.000.000/3.750.000 Eur |
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Number of Employees |
: |
from 11 to 15 |
Credit Analysis
|
Credit Opinion |
: |
110.000 - Eur |
Activity
Wholesale of textile products
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 02142570163 |
|
Foreign Trade Reg. no. : BG025099 since 28/04/1992 |
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Foreign Trade Reg. no. : 25099 of |
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Chamber of Commerce no. : 266378 of |
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V.A.T. Code : 02142570163 |
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Tribunal Co. Register : 42750 of |
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Foundation date |
: 23/01/1992 |
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Establishment date |
: 23/01/1992 |
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Start of Activities |
: 01/07/1992 |
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Legal duration |
: 31/12/2050 |
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Nominal Capital |
: 50.000 |
Eur |
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Subscribed Capital |
: 50.000 |
Eur |
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Paid up Capital |
: 50.000 |
Eur |
Members
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|
T.t.s. S.r.l. |
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|
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Via |
Sotto Provinciale |
, 22 |
- 24021 |
Albino |
(BG) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
29/08/1996 |
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|
|
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No Protests registered |
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Bernini |
Camillo |
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Born in Vertova |
(BG) |
on 04/08/1953 |
- Fiscal Code : BRNCLL53M04L795R |
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Residence : |
Via |
San Rocco |
, 87 |
- 24029 |
Vertova |
(BG) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
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Sole Director |
05/04/2005 |
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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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BERNINI |
CAMILLO |
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Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
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COMPOSITES PLANET - S.R.L. |
Albino (BG) - IT - |
03453600169 |
Director |
Active |
Registered |
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T.T.S. S.R.L. |
Albino (BG) - IT - |
01464990165 |
Sole Director |
Active |
Registered |
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T.T.S. S.R.L. |
Albino (BG) - IT - |
01464990165 |
Sole partner |
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 |
|
T.t.s. S.r.l. |
Albino - IT - |
01464990165 |
50.000 .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:
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- |
Legal and operative seat |
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since 01/07/1992 |
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Via |
Sotto Provinciale |
, 22 |
- 24021 |
- Albino |
(BG) |
- IT - |
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Total Surface: 180 Sq.mt. |
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PHONE |
: 035/773702 |
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PHONE |
: 035/774027 |
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FAX |
: 035/773719 |
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Employees |
: 11 |
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Fittings and Equipment for a value of 31.000 |
Eur |
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Stocks for a value of 1.200.000 |
Eur |
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Vans : 1. |
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The firm operates abroad as importer / exporter. .
To purchase foreign products the firm uses the following channels :
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- direct orders to foreign companies |
Products abroad are placed by :
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- importers |
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- direct orders from foreign companies |
Historical Information and/or Firm's Status
EX-MEMBERS / EX-POSITIONS:
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Bernardi |
Graziano |
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Born in Alzano Lombardo |
on 15/05/1955 |
- Fiscal Code : BRNGZN55E15A246O |
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Fiscal residence : |
Via |
S.Giacomo |
, 2/C |
- 24100 |
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(BG) |
- IT - |
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Ex-Postions |
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Chairman |
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Bernini |
Camillo |
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Born in Vertova |
on 04/08/1953 |
- Fiscal Code : BRNCLL53M04L795R |
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Residence : |
Via |
San Rocco |
, 87 |
- 24029 |
Vertova |
(BG) |
- IT - |
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Ex-Postions |
|
Managing Director |
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.
Immovables *
*Subject to survey.
None reported in the name of the Firm.
Financial and Economical Analysis
Subject is active since 1992
The analysis is based on the latest 3 balance sheets.
During the last years, it recorded positive net results (r.o.e. 0,89% in
2009) with an increase in 2009 (+7,36%).
The operating result in 2009 was positive (2,08%) and in line with the
sector's average.
An operating result of Eur. 55.262 has been registered. ,showing
stability in respect to the value of 2008.
The G.O.M. amounted to Eur. 122.522 stable if compared to the financial
year 2008.
The company has an excellent net worth if compared to its debts, with a
low indebtedness (0,29) lower than in 2008.
The equity capital is equal to Eur. 1.359.039 , unchanged if compared to
2008.
In the year 2009 total debts amounted to Eur. 1.152.970 , a more or less
stable value.
Bank exsposure is limited and the suppliers' credit is modest too, 80,71
gg. is the payment average period below the sector's average.
The liquidity level is positive (2,19).
Trade credits average terms are 31,35 days. , that compared to the
sector's average is shorter.
The financial management generated a cash flow of Eur. 79.320.
Labour cost amounts to Eur. 443.883, with a 12,04% incidence on
production costs. and a 11,94% incidence on sales volumes.
Financial charges have a limited incidence (-0,2%) on sales volume.
Financial Data
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Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
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Item Type |
Value |
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Sales |
3.717.968 |
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Profit (Loss) for the period |
12.060 |
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Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
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Item Type |
Value |
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Sales |
3.462.808 |
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Profit (Loss) for the period |
3.075 |
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Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
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Item Type |
Value |
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Sales |
3.806.806 |
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Profit (Loss) for the period |
3.413 |
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Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
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Item Type |
Value |
|
Sales |
4.170.790 |
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Profit (Loss) for the period |
12.975 |
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Complete balance-sheet for the year |
31/12/2005 |
(in Eur |
x 1 ) |
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Item Type |
Value |
|
Sales |
5.070.506 |
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Profit (Loss) for the period |
32.325 |
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 |
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- 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 |
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COMPOSITION ON INVESTMENT |
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Rigidity Ratio |
Units |
0,15 |
0,15 |
0,17 |
0,08 |
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Elasticity Ratio |
Units |
0,84 |
0,84 |
0,81 |
0,90 |
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Availability of stock |
Units |
0,45 |
0,57 |
0,56 |
0,25 |
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Total Liquidity Ratio |
Units |
0,39 |
0,27 |
0,25 |
0,58 |
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Quick Ratio |
Units |
0,24 |
0,09 |
0,09 |
0,03 |
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COMPOSITION ON
SOURCE |
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Net Short-term indebtedness |
Units |
0,29 |
0,73 |
0,81 |
4,11 |
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Self Financing Ratio |
Units |
0,51 |
0,48 |
0,47 |
0,15 |
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Capital protection Ratio |
Units |
0,95 |
0,96 |
0,96 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,26 |
0,19 |
0,07 |
0,11 |
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Financing |
Units |
0,85 |
0,98 |
1,01 |
5,04 |
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Permanent Indebtedness Ratio |
Units |
0,61 |
0,56 |
0,51 |
0,28 |
|
M/L term Debts Ratio |
Units |
0,10 |
0,08 |
0,03 |
0,07 |
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Net Financial Indebtedness Ratio |
Units |
0,00 |
0,24 |
n.c. |
1,02 |
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CORRELATION |
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|
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Fixed assets ratio |
Units |
4,08 |
3,69 |
2,96 |
2,89 |
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Current ratio |
Units |
2,19 |
1,93 |
1,69 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,02 |
0,63 |
0,52 |
0,85 |
|
Structure's primary quotient |
Units |
3,40 |
3,16 |
2,75 |
1,77 |
|
Treasury's primary quotient |
Units |
0,62 |
0,20 |
0,19 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
195,44 |
207,80 |
209,19 |
634,84 |
|
Current Capital ( net ) |
Value |
1.214.120 |
1.136.693 |
946.546 |
264.536 |
|
RETURN |
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Return on Sales |
% |
2,13 |
2,02 |
1,77 |
2,24 |
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Return on Equity - Net- ( R.O.E. ) |
% |
0,89 |
0,23 |
0,25 |
8,17 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
3,52 |
2,96 |
5,64 |
23,98 |
|
Return on Investment ( R.O.I. ) |
% |
2,08 |
2,06 |
1,66 |
5,16 |
|
Return/ Sales |
% |
1,49 |
1,67 |
1,23 |
3,89 |
|
Extra Management revenues/charges incid. |
% |
21,82 |
5,30 |
7,24 |
27,37 |
|
Cash Flow |
Value |
79.320 |
69.824 |
67.582 |
56.925 |
|
Operating Profit |
Value |
55.262 |
57.967 |
47.108 |
96.744 |
|
Gross Operating Margin |
Value |
122.522 |
124.716 |
111.277 |
134.262 |
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MANAGEMENT |
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Credits to clients average term |
Days |
31,35 |
45,82 |
43,56 |
121,35 |
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Debts to suppliers average term |
Days |
80,71 |
83,09 |
120,00 |
142,27 |
|
Average stock waiting period |
Days |
115,80 |
165,59 |
150,58 |
65,23 |
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Rate of capital employed return ( Turnover ) |
Units |
1,40 |
1,23 |
1,34 |
1,37 |
|
Rate of stock return |
Units |
3,11 |
2,17 |
2,39 |
5,48 |
|
Labour cost incidence |
% |
11,94 |
12,94 |
10,55 |
8,02 |
|
Net financial revenues/ charges incidence |
% |
- 0,20 |
- 0,52 |
- 0,02 |
- 1,07 |
|
Labour cost on purchasing expenses |
% |
12,04 |
13,09 |
10,68 |
8,14 |
|
Short-term financing charges |
% |
0,84 |
1,57 |
0,38 |
2,47 |
|
Capital on hand |
% |
71,44 |
81,21 |
74,20 |
72,70 |
|
Sales pro employee |
Value |
285.997 |
247.343 |
292.831 |
416.252 |
|
Labour cost pro employee |
Value |
34.144 |
32.007 |
30.920 |
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:
110.000 Eur.
Market / Territory Data
|
Population living in the province |
: |
1.022.428 |
|
Population living in the region |
: |
9.393.092 |
|
Number of families in the region |
: |
3.858.736 |
Monthly family expences 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 4.150.
The insolvency index for the region is 0,55, , while for the province it
is 0,41.
Total Bankrupt companies in the province : 4.376.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.21 |
|
|
1 |
Rs.72.55 |
|
Euro |
1 |
Rs.62.43 |
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.