MIRA
INFORM REPORT
|
Report Date : |
10.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
EMMEBI SMART
YARD S.P.A. |
|
|
|
|
Registered Office : |
Via Calice, 80, 51031 - AGLIANA (PT) -IT- |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
22.03.2001 |
|
|
|
|
Com. Reg. No.: |
PT017796 since 14/05/2001 |
|
|
|
|
Legal Form : |
Joint Stock Company. |
|
|
|
|
Line of Business : |
Finishing of Textiles. |
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 : |
50.000 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 – 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name and address
Emmebi Smart Yard
S.p.a.
Via Calice, 80
51031 - AGLIANA (PT) -IT-
Summary
|
Fiscal Code |
: |
01421940477 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
22/03/2001 |
|
Equity |
: |
400.000 Eur |
|
|
: |
7.750.000/9.000.000 Eur |
|
Number of Employees |
: |
from 16 to 25 |
Credit Analysis
|
Credit Opinion |
: |
50.000 - Eur |
Activity
Finishing of textiles
Legal Data
Legal Form : Joint stock company
|
Fiscal Code : 01421940477 |
|
Foreign Trade Reg. no. : PT017796 since
14/05/2001 |
|
Chamber of Commerce no. : 148291 of |
|
V.A.T. Code : 01421940477 |
|
Establishment date |
: 18/01/2001 |
|
|
Start of Activities |
: 22/03/2001 |
|
|
Legal duration |
: 31/12/2100 |
|
|
Nominal Capital |
: 310.000 |
Eur |
|
Subscribed Capital |
: 310.000 |
Eur |
|
Paid up Capital |
: 310.000 |
Eur |
Members
|
|
Mazzei |
Alberto Piero |
|
|
|
Born in Agliana |
(PT) |
on 17/09/1951 |
- Fiscal Code : MZZLRT51P17A071R |
|
|
|
Residence : |
Via |
Forra Di Castelnuovo |
- 51030 |
Serravalle Pistoiese |
(PT) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
23/11/2009 |
|
|
|
Board Chairman |
23/11/2009 |
|
|
|
|
No Protests
registered |
|
|
Luchetti |
Nadia Giuliana |
|
|
|
Born in |
(FI) |
on 24/05/1952 |
- Fiscal Code : LCHNGL52E64G999C |
|
|
|
Residence : |
Via |
S. Razzi |
, 7 |
- 59100 |
|
( |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
23/11/2009 |
|
|
|
Director |
23/11/2009 |
|
|
|
|
No Protests
registered |
|
|
Mazzei |
Roberta Piera
Maria |
|
|
|
Born in Agliana |
(PT) |
on 05/11/1963 |
- Fiscal Code : MZZRRT63S45A071J |
|
|
|
Residence : |
Via |
Adelmo Santini |
, 33 |
- 51031 |
Agliana |
(PT) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
23/11/2009 |
|
|
|
Director |
23/11/2009 |
|
|
|
|
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.
|
|
MAZZEI |
ALBERTO PIERO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
LANIFICIO EMMEBI SPA |
Agliana (PT) - IT - |
00205110471 |
Managing
Director |
Withdrawn |
Registered |
|
LANIFICIO EMMEBI SPA |
Agliana (PT) - IT - |
00205110471 |
Director |
Withdrawn |
Registered |
|
LANIFICIO EMMEBI SPA |
Agliana (PT) - IT - |
00205110471 |
Sole Director |
Active |
Registered |
|
LANIFICIO EMMEBI SPA |
Agliana (PT) - IT - |
00205110471 |
Director |
Withdrawn |
Registered |
|
MB TRICOT S.P.A. |
Agliana (PT) - IT - |
00506780477 |
Director |
Withdrawn |
Registered |
|
|
MAZZEI |
ROBERTA PIERA
MARIA |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
NICOLA IMMOBILIARE S.P.A. |
Agliana (PT) - IT - |
01093820478 |
Sole Director |
Active |
Registered |
|
TOSCANA INVESTE S.R.L. |
|
01621510476 |
Sole Director |
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 |
|
Lanificio Emmebi Spa |
Agliana - IT - |
00205110471 |
210.500 .Eur |
67,90 |
|
Bini Giovanni |
Agliana - IT - |
BNIGNN41M17A071V |
11.000 .Eur |
3,54 |
|
Mazzei |
|
MZZVGN78T59G713D |
5.500 .Eur |
1,77 |
|
Luchetti Nadia |
|
LCHNDA52E64G999J |
77.500 .Eur |
25,00 |
|
Mazzei Sara |
|
MZZSRA76M42D612K |
5.500 .Eur |
1,77 |
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 |
|
Banca Interregionale S.p.a. |
|
01553760479 |
50.000 .Eur |
0,29 |
|
|
Active |
Firm's location and structure
In order to carry out its activities the
firm uses the following locations:
|
- |
Legal and
operative seat |
|
|
|
|
|
|
Via |
Calice |
, 80 |
- 51031 |
- Agliana |
(PT) |
- IT - |
|
|
|
|
PHONE |
: 0574/675331 |
|
|
|
|
FAX |
: 0574/673021 |
|
|
|
|
Email |
: info@mbsmartyard.it |
|
|
|
|
Employees |
: 16 |
|
Fittings and Equipment for a value of
91.000 |
Eur |
|
Stocks for a value of 2.120.000 |
Eur |
Historical Information and/or Firm's Status
EX-MEMBERS /
EX-POSITIONS:
|
|
Mazzei |
Alberto Piero |
|
|
|
Born in Agliana |
on 17/09/1951 |
- Fiscal Code : MZZLRT51P17A071R |
|
|
|
Residence : |
Via |
Forra Di Castelnuovo |
- 51030 |
Serravalle Pistoiese |
(PT) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Bini |
Giovanni |
|
|
|
Born in Agliana |
on 17/08/1941 |
- Fiscal Code : BNIGNN41M17A071V |
|
|
|
Residence : |
Via |
A. Santini |
, 30 |
- 51031 |
Agliana |
(PT) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Director |
|
Assistant board Chairman |
|
|
Grazzini |
Gianluca |
|
|
|
Born in Montecatini-Terme |
on 26/08/1955 |
- Fiscal Code : GRZGLC55M26A561J |
|
|
|
Residence : |
Via |
Riaffrico |
- 51016 |
Montecatini-Terme |
(PT) |
- 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 2001
The analysis is based on the latest 3
balance sheets.
Under the financial profile unstable results
are noted. with a loss in the last financial year. The turnover is falling if
compared with the previous financial year (EFAT1E%).
The operating result in 2009 was positive
(3,01%) and reflects the field's average.
The operating result is positive and amounts
to Eur. 240.150 , with no sizeable change as opposed to the year before.
A gross operating margine for a value of
Eur. 337.212 was reached. showing a downward trend as opposed to the previous
year.
Financial condition is not balanced as own
capitals do not cover debts, indebtedness level is in fact high (18,17) which
tends downward.
It's shareholders funds amount to Eur.
340.663 on the same levels as the year before.
In the year 2009 total debts amounted to
Eur. 7.409.069 showing a stable trend as opposed to 2008 (Eur. 8.279.352).
Considerable bank indebtedness; on the other
hand the recourse to suppliers' credit is slightly high but lined up with the
field's average.
Liquidity is good (1,03)
Accounts receivable average term is high (169,84
days). and higher than the average of the sector.
Eur. 26.645 is the value of cash flow during
the year 2009
Labour cost expenses amount to Eur. 578.379
, representing 6,76% on the total of production costs. and a 6,78% incidence on
sales volumes.
Finacial chareges are high: the incidence on
sales volume amounts to -2,32%
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
8.525.586 |
|
Profit (Loss) for the period |
-70.417 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
11.147.828 |
|
Profit (Loss) for the period |
-38.444 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
10.676.637 |
|
Profit (Loss) for the period |
17.124 |
|
|
|
Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
11.073.622 |
|
Profit (Loss) for the period |
17.802 |
|
|
|
Complete balance-sheet for the year |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
9.514.382 |
|
Profit (Loss) for the period |
14.962 |
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 |
0,19 |
0,18 |
0,08 |
0,40 |
|
Elasticity Ratio |
Units |
0,80 |
0,82 |
0,90 |
0,57 |
|
Availability of stock |
Units |
0,27 |
0,23 |
0,24 |
0,05 |
|
Total Liquidity Ratio |
Units |
0,54 |
0,58 |
0,66 |
0,49 |
|
Quick Ratio |
Units |
0,00 |
0,00 |
0,02 |
0,01 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
18,17 |
21,76 |
16,31 |
3,20 |
|
Self Financing Ratio |
Units |
0,04 |
0,04 |
0,05 |
0,18 |
|
Capital protection Ratio |
Units |
0,30 |
0,13 |
0,06 |
0,64 |
|
Liabilities consolidation quotient |
Units |
0,21 |
0,23 |
0,06 |
0,33 |
|
Financing |
Units |
21,75 |
26,61 |
17,58 |
3,87 |
|
Permanent Indebtedness Ratio |
Units |
0,21 |
0,22 |
0,11 |
0,39 |
|
M/L term Debts Ratio |
Units |
0,16 |
0,18 |
0,05 |
0,16 |
|
Net Financial Indebtedness Ratio |
Units |
12,62 |
14,67 |
6,23 |
1,53 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,07 |
1,20 |
1,28 |
1,09 |
|
Current ratio |
Units |
1,03 |
1,06 |
1,03 |
1,04 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,69 |
0,76 |
0,75 |
0,87 |
|
Structure's primary quotient |
Units |
0,22 |
0,20 |
0,60 |
0,50 |
|
Treasury's primary quotient |
Units |
0,00 |
0,00 |
0,02 |
0,01 |
|
Rate of indebtedness ( Leverage ) |
% |
2.345,48 |
2.828,99 |
1.903,70 |
539,82 |
|
Current Capital ( net ) |
Value |
195.609 |
395.350 |
198.677 |
50.596 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
0,31 |
1,27 |
1,26 |
3,97 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
- 20,67 |
- 12,36 |
4,89 |
1,73 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
- 3,61 |
10,55 |
31,72 |
11,38 |
|
Return on Investment ( R.O.I. ) |
% |
3,01 |
2,95 |
4,81 |
3,23 |
|
Return/ Sales |
% |
2,82 |
2,33 |
3,00 |
2,92 |
|
Extra Management revenues/charges incid. |
% |
- 29,32 |
- 14,80 |
5,34 |
17,55 |
|
Cash Flow |
Value |
26.645 |
141.269 |
135.324 |
108.617 |
|
Operating Profit |
Value |
240.150 |
259.744 |
320.507 |
75.516 |
|
Gross Operating Margin |
Value |
337.212 |
439.457 |
438.707 |
197.931 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
169,84 |
152,22 |
131,76 |
137,98 |
|
Debts to suppliers average term |
Days |
137,81 |
119,80 |
135,25 |
154,18 |
|
Average stock waiting period |
Days |
89,63 |
66,35 |
54,97 |
20,05 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,07 |
1,27 |
1,60 |
1,07 |
|
Rate of stock return |
Units |
4,02 |
5,43 |
6,54 |
17,93 |
|
Labour cost incidence |
% |
6,78 |
4,87 |
4,18 |
32,62 |
|
Net financial revenues/ charges incidence |
% |
- 2,32 |
- 2,00 |
- 1,96 |
- 1,43 |
|
Labour cost on purchasing expenses |
% |
6,76 |
4,71 |
4,33 |
30,61 |
|
Short-term financing charges |
% |
3,13 |
2,70 |
3,43 |
2,68 |
|
Capital on hand |
% |
93,72 |
78,94 |
62,32 |
92,19 |
|
Sales pro employee |
Value |
532.849 |
619.323 |
628.037 |
119.689 |
|
Labour cost pro employee |
Value |
36.148 |
30.164 |
26.254 |
33.446 |
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:
50.000 Eur.
Market / Territory Data
|
Population living in the province |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
277.028Monthly family expenses average in the
region (in Eur.) :
|
- per food products |
: |
|
|
- per non food products |
: |
|
|
- per energy consume |
: |
|
Sector Data
The values are calculated on a base of 180
significant companies.
The companies cash their credits on an
average of 137 dd.
The average duration of suppliers debts is
about 154 dd.
The sector's profitability is on an average
of 3,97%.
The labour cost affects the turnover in the
measure of 32,62%.
Goods are held in stock in a range of 20 dd.
The difference between the sales volume and
the resources used to realize it is about 1,07.
The employees costs represent the 30,61% of
the production costs.
Statistical Detrimental Data
The area is statistically considered
remarkably risky.
In the region 24.960 protested subjects are
found; in the province they count to 2.482.
The insolvency index for the region is 0,70,
, while for the province it is 0,91.
Total Bankrupt companies in the province :
1.559.
Total Bankrupt companies in the region :
20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.70 |
|
|
1 |
Rs.73.23 |
|
Euro |
1 |
Rs.64.43 |
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.