MIRA
INFORM REPORT
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Report Date : |
06.05.2011 |
IDENTIFICATION DETAILS
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Name : |
DWS S.R.L. |
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Registered Office : |
Via Lago Di Levico,3 36010- Zane'(VI) |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
26.10.2007 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of metal forming machinery and
tool machines |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
80.000 - Eur |
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Status : |
Satisfactory |
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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
Dws S.r.l.
Via Lago Di Levico,3
36010- Zane'(VI)-IT-
Summary
|
Fiscal Code |
: |
03424670242 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
26/10/2007 |
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Equity |
: |
400.000 Eur |
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|
: |
2.250.000/3.000.000 Eur |
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Number of Employees |
: |
from 11 to 15 |
Credit Analysis
|
Credit Opinion |
: |
80.000 - Eur |
Activity
Manufacture of metal forming machinery and
tool machines
Legal Data
Legal Form : Limited liability company
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Fiscal Code : 03424670242 |
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Chamber of Commerce no. : 324604 of |
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V.A.T. Code : 03424670242 |
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Establishment date |
: 26/10/2007 |
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Start of Activities |
: 26/10/2007 |
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Legal duration |
: 31/12/2050 |
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Nominal Capital |
: 10.000 |
Eur |
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Subscribed Capital |
: 10.000 |
Eur |
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Paid up Capital |
: 10.000 |
Eur |
Members
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Maddalena |
Renato |
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Born in Monte di Malo |
(VI) |
on 01/03/1956 |
- Fiscal Code : MDDRNT56C01F486P |
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Residence : |
Via |
Del Costo |
, 29 |
- 36010 |
Zane' |
(VI) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
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Sole Director |
26/10/2007 |
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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 the companies in which
members hold/held positions are listed.
The Members of the subject firm are not
reported to be Members in other companies.
Capital Shareholders
Shareholders' list as at date of data
collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Maddalena Renato |
Zane' - IT - |
MDDRNT56C01F486P |
9.900 .Eur |
99,00 |
|
Cerato Rosanna |
|
CRTRNN73H57L157W |
100 .Eur |
1,00 |
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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Via |
Lago Di Levico |
, 3 |
- 36010 |
- Zane' |
(VI) |
- IT - |
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Employees |
: 11 |
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Stocks for a value of 230.000 |
Eur |
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 has been active for some years.
An eco-fin analysis has been made on the
base od the b/s fo the years 2007, 2008 and 2009.
During the last years, it achieved profits
(r.o.e. 52,67% on 2009) thanks to a progressive increase in turnover (+27,17%
in 2009 compared to 2008 and more then 100% in 2008 compared to 2007).
The operating result was positive in the
last financial year (22,35%) and is higher than the sector's average.
The amount of the operating result for the
year 2009 is of Eur. 266.895 with no increase in relation to the financial year
2008.
The G.O.M. amounted to Eur. 299.958 stable
if compared to the financial year 2008.
The financial status of the company is
fairly balanced with an indebtedness level of 2,16 but with an increase as
against the previous accounting period.
With regard to equity capital, an amount of
Eur. 333.633 is registered. with a growth of 111,28% in 2009.
The financial management has recorded total
debts amounting to Eur. 835.660, with a growth equal to more then 100%.
Current liquid assets is positive.
As far as the cash flow is concerned during
the latest financial year it amounted to Eur. 208.786
Subordinate employment cost is of Eur.
398.521, i.e. 18,71% on total production costs. , whereas 17,51% is the
incidence on sales revenues.
Financial charges have a limited incidence
(-0,11%) 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 |
2.276.079 |
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Profit (Loss) for the period |
175.723 |
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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 |
1.789.704 |
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Profit (Loss) for the period |
145.181 |
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Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
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Item Type |
Value |
|
Sales |
35.350 |
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Profit (Loss) for the period |
2.729 |
Balance Sheets
From our constant monitoring of the relevant
Public Administration offices, no more recent balance sheets result to have
been filed.
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- 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 |
0,09 |
0,12 |
0,04 |
0,18 |
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Elasticity Ratio |
Units |
0,91 |
0,87 |
0,96 |
0,80 |
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Availability of stock |
Units |
0,19 |
0,20 |
n.c. |
0,26 |
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Total Liquidity Ratio |
Units |
0,72 |
0,68 |
0,96 |
0,44 |
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Quick Ratio |
Units |
0,10 |
0,45 |
0,82 |
0,02 |
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COMPOSITION ON
SOURCE |
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Net Short-term indebtedness |
Units |
2,16 |
0,92 |
n.c. |
3,95 |
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Self Financing Ratio |
Units |
0,28 |
0,28 |
0,32 |
0,13 |
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Capital protection Ratio |
Units |
0,44 |
0,02 |
0,00 |
0,60 |
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Liabilities consolidation quotient |
Units |
0,03 |
0,03 |
n.c. |
0,11 |
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Financing |
Units |
2,50 |
2,53 |
2,10 |
5,08 |
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Permanent Indebtedness Ratio |
Units |
0,30 |
0,30 |
0,32 |
0,30 |
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M/L term Debts Ratio |
Units |
0,02 |
0,02 |
n.c. |
0,08 |
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Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
0,76 |
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CORRELATION |
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|
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Fixed assets ratio |
Units |
3,28 |
2,42 |
7,71 |
1,78 |
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Current ratio |
Units |
1,29 |
1,24 |
1,42 |
1,21 |
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Acid Test Ratio-Liquidity Ratio |
Units |
1,02 |
0,96 |
1,42 |
0,67 |
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Structure's primary quotient |
Units |
3,05 |
2,27 |
7,71 |
0,93 |
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Treasury's primary quotient |
Units |
0,14 |
0,64 |
1,22 |
0,02 |
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Rate of indebtedness ( Leverage ) |
% |
357,85 |
360,08 |
311,79 |
711,85 |
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Current Capital ( net ) |
Value |
244.927 |
95.915 |
11.288 |
260.523 |
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RETURN |
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|
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Return on Sales |
% |
9,17 |
9,54 |
9,66 |
2,69 |
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Return on Equity - Net- ( R.O.E. ) |
% |
52,67 |
91,94 |
21,44 |
3,59 |
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Return on Equity - Gross - ( R.O.E. ) |
% |
79,39 |
147,27 |
33,42 |
23,65 |
|
Return on Investment ( R.O.I. ) |
% |
22,35 |
41,47 |
10,95 |
4,42 |
|
Return/ Sales |
% |
11,73 |
13,18 |
12,30 |
3,96 |
|
Extra Management revenues/charges incid. |
% |
65,84 |
61,57 |
62,78 |
14,09 |
|
Cash Flow |
Value |
208.786 |
170.773 |
3.414 |
61.403 |
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Operating Profit |
Value |
266.895 |
235.797 |
4.347 |
126.277 |
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Gross Operating Margin |
Value |
299.958 |
261.389 |
5.032 |
173.261 |
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MANAGEMENT |
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Credits to clients average term |
Days |
n.c. |
n.c. |
n.c. |
127,36 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
n.c. |
154,41 |
|
Average stock waiting period |
Days |
35,75 |
22,35 |
n.c. |
107,40 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,91 |
3,15 |
0,89 |
1,06 |
|
Rate of stock return |
Units |
10,07 |
16,11 |
n.c. |
3,34 |
|
Labour cost incidence |
% |
17,51 |
16,58 |
n.c. |
21,45 |
|
Net financial revenues/ charges incidence |
% |
- 0,11 |
- 0,18 |
- 0,26 |
- 1,57 |
|
Labour cost on purchasing expenses |
% |
18,71 |
18,44 |
n.c. |
21,15 |
|
Short-term financing charges |
% |
0,30 |
0,82 |
0,35 |
3,24 |
|
Capital on hand |
% |
52,45 |
31,77 |
112,27 |
94,33 |
|
Sales pro employee |
Value |
162.577 |
178.970 |
|
182.108 |
|
Labour cost pro employee |
Value |
28.465 |
29.681 |
|
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:
80.000Eur.
Market / Territory Data
|
Population living in the province |
: |
831.356 |
|
Population living in the region |
: |
4.699.950 |
|
Number of families in the region |
: |
1.813.210 |
Monthly family expences average in the
region (in Eur.) :
|
- per food products |
: |
456 |
|
- per non food products |
: |
2.052 |
|
- per energy consume |
: |
127 |
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 lowly
risky.
In the region 13.782 protested subjects are
found; in the province they count to 2.234.
The insolvency index for the region is 0,30,
, while for the province it is 0,27.
Total Bankrupt companies in the province :
2.546.
Total Bankrupt companies in the region :
16.714.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.57 |
|
|
1 |
Rs.73.58 |
|
Euro |
1 |
Rs.66.23 |
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.