MIRA
INFORM REPORT
|
Report Date : |
24.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
FIN-TES S.R.L. |
|
|
|
|
Registered Office : |
Via Sergio Ramelli , 62 |
|
|
|
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Country : |
|
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|
|
|
Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
03.05.1984 |
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|
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|
Legal Form : |
Sole Shareholder Limited Liability Company |
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|
|
|
Line of Business : |
Wholesale trade in textiles and
accessories for packaging |
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 : |
163.500 (Euro) |
|
|
|
|
Status : |
Good |
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|
|
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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) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company Summary
|
Company Name |
FIN-TES S.R.L. |
|
Company Type |
SOLE SHAREHOLDER LIMITED LIABILITY COMPANY |
|
Address |
VIA SERGIO RAMELLI , 62 |
|
Town |
|
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Post Code |
52100 |
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Telephone Number |
|
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Province |
|
|
Fiscal Code |
01116150515 |
|
VAT Number |
01116150515 |
|
Activity Start Date |
17-11-1984 |
|
Incorporation Date |
3-5-1984 |
|
Closure Date |
31-12-2020 |
|
REA Inscription |
83970 on the date of 28-5-1984 |
|
CCIAA province and number |
AR 83970 |
|
Company Status |
Active |
|
Currency |
EURO (€) |
Credit Rating Summary
|
Credit Limit |
163.500 (Euro) |
Capital Information
|
Paid up share capital |
400.000 |
|
Authorised share capital |
400.000 |
|
Subscribed share capital |
400.000 |
Activity
|
SIC Code |
5136 |
|
Business Activity |
WHOLESALE TRADE IN TEXTILES AND
ACCESSORIES FOR PACKAGING |
Financial Data
|
Date of Latest Accounts |
31-12-2009 |
|
Turnover |
9.490.131 |
|
Profit & Loss |
142.645 |
|
Number of Employees |
12 |
Subsidaries
|
Address |
Type of
Premesis |
|
VIA T. EDISON 33 - |
WAREHOUSE |
Business Activity and Financial
Ratios
|
SIC Code |
5136 |
|
Business Activity |
WHOLESALE TRADE IN TEXTILES AND
ACCESSORIES FOR PACKAGING |
|
Company Purpose |
|
|
Ateco Code |
46.42.1 |
|
Ateco Description |
WHOLESALE TRADE OF CLOTHING AND ACCESSORIES |
|
SAE Code |
430 |
|
RAE Code |
616 |
|
Number of Employees |
12 |
|
Paid up share capital |
400.000 (EURO) |
|
Date of Latest Accounts |
31-12-2009 |
|
|
|
|
Key Financial Items |
|
|
Turnover |
9.490.131 |
|
Profit & Loss |
142.645 |
|
Shareholders Equity |
4.096.330 |
|
Fixed Assets |
1.287.478 |
Balance Sheet (Assets)
|
Date |
31-12-2009 |
31-12-2008 |
31-12-2007 |
|
DUE FROM SHAREHOLDERS FOR SUBSCRIBED SHARE
CAPITAL UNPAID |
0 |
0 |
0 |
|
Total Fixed Assets |
1.287.478 |
1.153.284 |
1.222.419 |
|
- Intangible assets |
4.863 |
5.558 |
5.355 |
|
- Tangible assets |
1.281.355 |
1.116.466 |
1.186.162 |
|
- - Land and Buildings |
1.130.494 |
979.899 |
1.022.303 |
|
- Financial assets |
1.260 |
31.260 |
30.902 |
|
- - Amounts owed by assoc./affiliated co.s |
0 |
0 |
0 |
|
- - Holdings |
0 |
0 |
0 |
|
- - Treasury stocks |
0 |
0 |
0 |
|
|
|
|
|
|
Total Current Assets |
11.283.470 |
10.069.481 |
8.745.179 |
|
- Stocks |
6.543.122 |
3.332.799 |
1.889.248 |
|
- - Semi-finished products & Raw materials |
2.838.815 |
2.584.652 |
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|
- - Work-in-progress |
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|
|
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- Credits |
4.619.456 |
6.675.060 |
6.708.782 |
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- - Short-term debtors |
4.619.456 |
6.675.060 |
6.574.897 |
|
- - Trade debtors |
4.492.898 |
6.452.199 |
6.643.150 |
|
- - Short-term trade debtors |
4.492.898 |
6.452.199 |
6.509.265 |
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- Financial assets |
0 |
0 |
0 |
|
- - Treasury stocks |
0 |
0 |
0 |
|
- Cash and bank |
120.892 |
61.622 |
147.149 |
|
Prepayments & Accrued Income |
145.422 |
172.772 |
209.248 |
|
Total Assets |
12.716.370 |
11.395.537 |
10.176.846 |
Liabilities
|
SHAREHOLDERS' EQUITY |
4.096.330 |
3.953.685 |
3.547.232 |
|
- Share capital |
300.000 |
300.000 |
300.000 |
|
- Share premium reserve |
0 |
0 |
0 |
|
- Revaluation reserve |
0 |
0 |
0 |
|
PROVISIONS FOR RISKS & CHARGES |
100.310 |
332 |
476 |
|
- Provisions for taxation |
100.000 |
0 |
0 |
|
PROVISION FOR SEVERANCE INDEMNITY |
94.572 |
89.750 |
92.360 |
|
CREDITORS |
8.417.128 |
7.346.167 |
6.536.778 |
|
- Short-term creditors |
7.275.225 |
6.012.298 |
6.536.778 |
|
- Trade creditors |
4.119.324 |
4.619.550 |
4.821.312 |
|
- Amounts due to banks - short term |
0 |
0 |
0 |
|
- Amounts due to banks - medium/long-term |
3.902.058 |
2.607.797 |
1.551.767 |
|
- Accrued expenses and deferred income |
|
|
|
|
PREPAYMENTS & ACCRUED INCOME |
8.030 |
5.603 |
0 |
|
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY |
12.716.370 |
11.395.537 |
10.176.846 |
|
MEMORANDUM ACCOUNTS |
1.153.461 |
1.452.041 |
2.485.068 |
|
ACCUMULATED DEPRECIATION OF TANGIBLE ASSETS |
845.226 |
759.504 |
|
Profit & Loss
|
PRODUCTION VALUE |
9.932.724 |
9.988.984 |
9.158.889 |
|
- Revenues |
9.490.131 |
9.847.238 |
9.076.006 |
|
- TOTAL CHANGES |
- |
- |
- |
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- Change in stocks of finished goods & work in progress |
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|
|
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- Change in stocks of finished goods & work in progress |
- |
- |
- |
|
- Other revenues |
442.593 |
141.746 |
82.883 |
|
PRODUCTION COSTS |
9.464.876 |
9.269.120 |
8.572.390 |
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- Purchase of raw materials & goods |
7.412.705 |
7.830.442 |
6.326.246 |
|
- Change in materials |
-254.163 |
-695.404 |
77.755 |
|
CONSUMPTION OF MATERIALS |
7.158.542 |
7.135.038 |
6.404.001 |
|
OVERHEADS |
1.466.627 |
1.269.864 |
1.226.092 |
|
- Provisions for risks & other |
100.000 |
- |
- |
|
VALUE ADDED |
1.407.555 |
1.584.082 |
1.528.796 |
|
STAFF COST |
423.250 |
394.773 |
349.425 |
|
- Provision for severance indemnity |
22.575 |
22.093 |
19.731 |
|
G.O.M. |
441.712 |
1.047.563 |
1.096.488 |
|
AMORT./DEPREC/WRITED. OF FIXED ASSETS |
218.268 |
122.590 |
222.008 |
|
- Amortisation / depreciation / writedowns |
95.188 |
90.239 |
87.765 |
|
- Amortisation of intangible assets |
1.402 |
1.166 |
1.351 |
|
- Depreciation of tangible assets |
93.786 |
89.073 |
86.414 |
|
PROFIT / (LOSS) FROM ORDINARY OPERATING
ACTIVITIES |
223.444 |
924.973 |
874.480 |
|
OTHER INCOME / CHARGES |
272.461 |
-187.555 |
-273.232 |
|
- Interest receivable & similar income |
28.057 |
17.554 |
14.749 |
|
OPERATING PROFIT / (LOSS) |
495.905 |
737.418 |
601.248 |
|
FINANCIAL CHARGES |
112.520 |
99.741 |
117.981 |
|
PROFIT / (LOSS) BEFORE EXTRAORDINARY OP.S |
383.385 |
637.677 |
483.267 |
|
ADJUSTMENTS TO VALUE OF FINANCIAL ASSETS (+-) |
- |
- |
- |
|
EXTRAORDINARY INCOME/CHARGES (+-) |
-565 |
11.642 |
-4.591 |
|
PROFIT / (LOSS) BEFORE TAXATION |
382.820 |
649.319 |
478.676 |
|
TAXATION |
240.175 |
242.866 |
300.531 |
|
PROFIT (LOSS) FOR THE PERIOD |
142.645 |
406.453 |
178.145 |
|
CASH FLOW |
360.913 |
529.043 |
400.153 |
|
EMPLOYEES |
12 |
11,8 |
10,15 |
Ratios
|
Date |
2009 |
2008 |
2007 |
|
Returns Ratios |
|||
|
R.O.E. (Return On Equity) |
3.48 |
10.28 |
5.02 |
|
R.O.I. (Return On Investment) |
1.76 |
8.12 |
8.59 |
|
R.O.S. (Return On Sales) |
4.93 |
7.31 |
6.46 |
|
R.O.A. (Return On Assests) |
3.68 |
6.32 |
5.76 |
|
G.O.M on Returns |
4.65 |
10.64 |
12.08 |
|
Turnover Ratio |
|||
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Invested Capital Turnover |
74.63 |
86.41 |
89.18 |
|
Current Assets Turnover |
84.11 |
97.79 |
103.78 |
|
Warehouse Turnover |
145.04 |
295.46 |
480.4 |
|
Equity and
Financial Ratios |
|||
|
Fixed Assets Cover |
318.17 |
342.82 |
290.18 |
|
Banks on Current Assets |
34.58 |
25.9 |
17.74 |
|
Short-term Banks on Current Assets |
34.58 |
25.9 |
17.74 |
|
Gearing |
67.79 |
65.31 |
65.14 |
|
Shareholders' Equity / Invested Capital |
32.21 |
34.7 |
34.86 |
|
Financial Charges on Turnover |
1.19 |
1.01 |
1.3 |
|
Financial Charges on G.O.M. |
25.47 |
9.52 |
10.76 |
|
Productivity
Ratios |
|||
|
Turnover per Employee |
790844.25 |
834511.69 |
894187.78 |
|
Operating Value Added per Employee |
117296.25 |
134244.24 |
150620.3 |
|
Labour Cost per Employee |
35270.83 |
33455.34 |
34426.11 |
|
Labour Cost on Turnover |
4.46 |
4.01 |
3.85 |
|
Value Added on Turnover |
14.83 |
16.09 |
16.84 |
|
Liquidity Ratios
|
|||
|
Current Ratio |
156.92 |
170.2 |
134.94 |
|
Acid-Test Ratio |
67.08 |
114.82 |
106.04 |
|
Days of Credit to Customers or Duration of Amounts owed by Customers |
170.43 |
235.88 |
263.5 |
|
Days of Credit from Suppliers or Duration of Amounts owed to Suppliers
|
168.92 |
182.75 |
229.82 |
|
Days of Stocks or Duration of Stocks |
248.21 |
121.84 |
74.94 |
|
Rate of intensity of Current Assets |
120.43 |
104.01 |
97.19 |
|
Incidence Ratios
for Cost |
|||
|
Consumption of Materials on Costs |
75.63 |
76.98 |
74.71 |
|
External Costs on Costs |
92.19 |
90.68 |
89.01 |
|
Labour Costs on Costs |
4.47 |
4.26 |
4.08 |
|
Depreciation and Devaluation on Costs |
2.31 |
1.32 |
2.59 |
Directors Information
|
Power of Statute (board) |
THE COMPANY 'MAY' be managed, alternatively, on DECISION WITHIN THE APPOINTMENT OF MEMBERS: A)
by a single administrator; B) by a Board of Directors consisting of
two to seven
members, S. .. |
|
Type |
Executive |
|
Forename |
SANDRO |
|
Surname |
FINI |
|
Date of Birth |
23-9-1949 |
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Gender |
Male |
|
Place of Birth |
|
|
Resident Address |
VIA SETTEPONTI , 35 52029 - CASTIGLION FIBOCCHI
(AR) |
|
Director Fiscal Code |
FNISDR49P23A390E |
|
COUNCILLOR since |
27-9-1999 |
|
BOARD OF DIRECTORS PRESIDENT since |
27-9-1999 |
|
SOLE PARTNER since |
28-12-2010 |
|
|
|
|
Type |
Executive |
|
Forename |
ANDREA |
|
Surname |
FINI |
|
Date of Birth |
9-5-1972 |
|
Gender |
Male |
|
Place of Birth |
|
|
Resident Address |
VIA BERLINGUER , 42 52010 - CAPOLONA (AR) |
|
Director Fiscal Code |
FNINDR72E09A390S |
|
COUNCILLOR since |
27-9-1999 |
|
|
|
|
Type |
Executive |
|
Forename |
MARCO |
|
Surname |
FINI |
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Date of Birth |
24-5-1981 |
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Gender |
Male |
|
Place of Birth |
|
|
Resident Address |
VIA BERLINGUER , 42 52010 - CAPOLONA (AR) |
|
Director Fiscal Code |
FNIMRC81E24A390U |
|
COUNCILLOR since |
27-9-1999 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.96 |
|
|
1 |
Rs.73.56 |
|
Euro |
1 |
Rs.63.68 |
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.