MIRA INFORM
REPORT
|
Report Date : |
31.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
ATOMAT S.P.A.
|
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|
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Registered Office : |
Strada Di Oselin, 16, 33047 Remanzacco
(UD) |
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Country : |
Italy |
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|
Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
09.12.2008 |
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|
Legal Form : |
Joint stock company with sole shareholder |
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|
Line of Business : |
Manufacture of tools |
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 : |
250.000 Eur |
|
Status : |
Good |
|
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 |
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Restricted |
C2 |
|
Off-credit |
D |
Company name & address Bottom of Form
Atomat S.p.a.
Strada Di Oselin, 16
33047 - Remanzacco (UD) -IT-
Summary
|
Fiscal Code |
: |
02550190306 |
|
Legal Form |
: |
Joint stock company with sole shareholder |
|
start of Activities |
: |
31/12/2008 |
|
Equity |
: |
Over 2.582.254 Eur |
|
Turnover Range |
: |
25.000.000/35.000.000 Eur |
|
Number of Employees |
: |
from 91 to 110 |
Credit Analysis
|
Credit Opinion |
: |
250.000 - Eur |
Activity
Manufacture of tools
Legal Data
Legal Form : Joint stock company with sole
shareholder
|
Fiscal Code : 02550190306 |
|
Foreign Trade Reg. no. : UD033945 since
26/01/2009 |
|
Chamber of Commerce no. : 269801 of Udine
since 11/12/2008 |
|
V.A.T. Code : 02550190306 |
|
Establishment date |
: 09/12/2008 |
|
|
Start of Activities |
: 31/12/2008 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 1.000.000 |
Eur |
|
Subscribed Capital |
: 1.000.000 |
Eur |
|
Paid up Capital |
: 1.000.000 |
Eur |
Members
|
|
Atomat Holding
S.r.l. |
|
|
|
|
|
|
Residence : |
Strada |
Di Oselin 16 Interno 17 |
- 33047 |
Remanzacco |
(UD) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
|
|
|
|
|
No Protests
registered |
|
|
De Sabbata |
Oreste |
|
|
|
Born in Remanzacco |
(UD) |
on 13/09/1943 |
- Fiscal Code : DSBRST43P13H229B |
|
|
|
Residence : |
Via |
Tarvisio |
, 14 |
- 33100 |
Udine |
(UD) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
22/12/2008 |
|
|
|
|
No Protests
registered |
|
|
Castagnaviz |
Silvana |
|
|
|
Born in Udine |
(UD) |
on 19/12/1944 |
- Fiscal Code : CSTSVN44T59L483K |
|
|
|
Residence : |
Via |
Tarvisio |
, 14 |
- 33100 |
Udine |
(UD) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
01/04/2009 |
|
|
|
|
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.
|
|
DE SABBATA |
ORESTE |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
ATOMAT ENGINEERING SRL |
Remanzacco (UD) - IT - |
01443540305 |
Liquidator |
Withdrawn |
Ceased |
|
ATOMAT HOLDING S.R.L. |
Remanzacco (UD) - IT - |
00173000308 |
Director |
Active |
Registered |
|
ATOMAT HOLDING S.R.L. |
Remanzacco (UD) - IT - |
00173000308 |
Sole Director |
Withdrawn |
Registered |
|
ATOMAT HOLDING S.R.L. |
Remanzacco (UD) - IT - |
00173000308 |
Board Chairman |
Active |
Registered |
|
DECA IMMOBILIARE S.R.L. |
Udine (UD) - IT - |
02268790306 |
Sole Director |
Active |
Registered |
|
H.C. ROLLING S.R.L. - IN LIQUIDAZIONE - |
Remanzacco (UD) - IT - |
01155370305 |
Liquidator |
Withdrawn |
Ceased |
|
MULTICARB SRL |
Martignacco (UD) - IT - |
01463330306 |
Sole Director |
Withdrawn |
Registered |
|
OFFICINE M.T.M. S.P.A. |
Spinea (VE) - IT - |
00578180275 |
Director |
Active |
Registered |
|
OFFICINE M.T.M. S.P.A. |
Spinea (VE) - IT - |
00578180275 |
Board Chairman |
Active |
Registered |
|
|
CASTAGNAVIZ |
SILVANA |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
ATOMAT HOLDING S.R.L. |
Remanzacco (UD) - IT - |
00173000308 |
Director |
Active |
Registered |
|
ATOMAT HOLDING S.R.L. |
Remanzacco (UD) - IT - |
00173000308 |
Procurator |
Active |
Registered |
|
ATOMAT HOLDING S.R.L. |
Remanzacco (UD) - IT - |
00173000308 |
Assistant board
Chairman |
Active |
Registered |
|
MULTICARB GRINDING S.R.L. - IN
LIQUIDAZIONE |
Martignacco (UD) - IT - |
01988070304 |
Liquidator |
Withdrawn |
Registered |
|
OFFICINE M.T.M. S.P.A. |
Spinea (VE) - IT - |
00578180275 |
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 |
|
Atomat Holding S.r.l. |
Remanzacco - IT - |
00173000308 |
|
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:
|
- |
Legal and
operative seat |
|
|
|
|
|
|
Strada |
Di Oselin |
, 16 |
- 33047 |
- Remanzacco |
(UD) |
- IT - |
|
|
|
|
PHONE |
: 0432/648511 |
|
|
|
|
PHONE |
: 0432/667101 |
|
- |
Branch |
(Factory ) |
since 31/12/2008 |
|
|
|
|
|
Strada |
Di Oselin |
, 20 |
- 33047 |
- Remanzacco |
(UD) |
- IT - |
|
- |
Branch |
(Factory ) |
since 31/12/2008 |
|
|
|
|
|
Strada |
Di Oselin |
, 16 |
- 33047 |
- Remanzacco |
(UD) |
- IT - |
|
|
|
|
Employees |
: 104 |
|
Fittings and Equipment for a value of
1.730.000 |
Eur |
|
Stocks for a value of 5.790.000 |
Eur |
|
|
Historical Information and/or Firm's Status
CEASINGS/INCORPORATIONS/MERGES:
|
|
Subject took
over a division of |
|
|
|
|
|
|
|
Strada |
Di Oselin 16 Interno 17 |
, 33047 |
, Remanzacco |
(UD) |
- IT - |
|
|
|
Fiscal Code: 00173000308 |
|
|
|
Date |
: |
22/12/2008 |
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.
The economic-financial analysis has been
made on the base of the latest 2 balance sheets.
Under the financial profile unstable results
are noted. yet with a positive result in the 2009 (r.o.e. 39,48%).
The operating result was positive in the
last financial year (20,32%) and is higher than the sector's average.
An operating result of Eur. 4.370.915 has
been registered. rising (+more then 100%) in relation to the previous year.
During the latest financial year the gross
operating margin amounted to Eur. 5.298.525 with a more then 100% growth.
The analysis shows a fair financial position
as the indebtedness volume is acceptable (1,01) and decreasing as against 2008.
With regard to equity capital, an amount of
Eur. 7.115.151 is registered. , unchanged if compared to 2008.
During the last financial year debts
totalled Eur. 13.486.203 (Eur. 3.797.242 of which were m/l term debts) with no
important change.
Bank exsposure is limited and the suppliers'
credit is modest too, 88,64 gg. is the payment average period below field's
average.
Payments are supported by good current
assets.
Accounts receivable average term is 41,63
days. , a better value than the sector's average.
As far as the cash flow is concerned during
the latest financial year it amounted to Eur. 3.736.991
Labour cost amounts to Eur. 4.147.531, with
a 18,84% incidence on production costs. and a 16,41% incidence on sales
volumes.
Financial charges have a limited incidence
(-0,4%) on sales volume.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
25.267.226 |
|
Profit (Loss) for the period |
2.809.381 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Profit (Loss) for the period |
-230 |
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 |
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RATIOS |
Value Type |
as at 31/12/2009 |
as at 31/12/2008 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
Rigidity Ratio |
Units |
0,44 |
0,42 |
0,20 |
|
Elasticity Ratio |
Units |
0,54 |
0,56 |
0,77 |
|
Availability of stock |
Units |
0,27 |
0,25 |
0,19 |
|
Total Liquidity Ratio |
Units |
0,27 |
0,31 |
0,53 |
|
Quick Ratio |
Units |
0,11 |
0,02 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
Net Short-term indebtedness |
Units |
1,01 |
1,40 |
2,84 |
|
Self Financing Ratio |
Units |
0,33 |
0,32 |
0,19 |
|
Capital protection Ratio |
Units |
0,46 |
0,86 |
0,67 |
|
Liabilities consolidation quotient |
Units |
0,46 |
0,45 |
0,25 |
|
Financing |
Units |
1,90 |
2,01 |
3,52 |
|
Permanent Indebtedness Ratio |
Units |
0,54 |
0,53 |
0,40 |
|
M/L term Debts Ratio |
Units |
0,21 |
0,21 |
0,14 |
|
Net Financial Indebtedness Ratio |
Units |
0,28 |
0,54 |
0,83 |
|
CORRELATION |
|
|
|
|
|
Fixed assets ratio |
Units |
1,22 |
1,25 |
1,85 |
|
Current ratio |
Units |
1,19 |
1,20 |
1,29 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,60 |
0,67 |
0,91 |
|
Structure's primary quotient |
Units |
0,75 |
0,75 |
1,04 |
|
Treasury's primary quotient |
Units |
0,25 |
0,04 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
302,28 |
313,29 |
508,64 |
|
Current Capital ( net ) |
Value |
1.871.759 |
2.156.014 |
396.051 |
|
RETURN |
|
|
|
|
|
Return on Sales |
% |
14,79 |
n.c. |
4,50 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
39,48 |
0,00 |
6,91 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
59,59 |
0,00 |
22,86 |
|
Return on Investment ( R.O.I. ) |
% |
20,32 |
0,00 |
5,62 |
|
Return/ Sales |
% |
17,30 |
n.c. |
5,03 |
|
Extra Management revenues/charges incid. |
% |
64,27 |
n.c. |
24,96 |
|
Cash Flow |
Value |
3.736.991 |
-230 |
136.347 |
|
Operating Profit |
Value |
4.370.915 |
-317 |
153.429 |
|
Gross Operating Margin |
Value |
5.298.525 |
-317 |
252.987 |
|
MANAGEMENT |
|
|
|
|
|
Credits to clients average term |
Days |
41,63 |
n.c. |
127,94 |
|
Debts to suppliers average term |
Days |
88,64 |
n.c. |
156,25 |
|
Average stock waiting period |
Days |
82,56 |
n.c. |
62,49 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,17 |
n.c. |
1,16 |
|
Rate of stock return |
Units |
4,36 |
n.c. |
5,75 |
|
Labour cost incidence |
% |
16,41 |
n.c. |
20,67 |
|
Net financial revenues/ charges incidence |
% |
- 0,40 |
n.c. |
- 1,14 |
|
Labour cost on purchasing expenses |
% |
18,84 |
n.c. |
21,40 |
|
Short-term financing charges |
% |
0,77 |
n.c. |
2,55 |
|
Capital on hand |
% |
85,12 |
n.c. |
85,57 |
|
Sales pro employee |
Value |
242.954 |
|
177.457 |
|
Labour cost pro employee |
Value |
39.880 |
|
35.009 |
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:
250.000 Eur.
Market / Territory Data
|
Population living in the province |
: |
528.246 |
|
Population living in the region |
: |
1.204.718 |
|
Number of families in the region |
: |
516.349 |
Monthly family expenses average in the
region (in Eur.) :
|
- per food products |
: |
377 |
|
- per non food products |
: |
1.727 |
|
- per energy consume |
: |
114 |
Sector Data
The values are calculated on a base of 1.023
significant companies.
The companies cash their credits on an
average of 127 dd.
The average duration of suppliers debts is
about 156 dd.
The sector's profitability is on an average
of 4,50%.
The labour cost affects the turnover in the
measure of 20,67%.
Goods are held in stock in a range of 62 dd.
The difference between the sales volume and
the resources used to realize it is about 1,16.
The employees costs represent the 21,40% of
the production costs.
Statistical Detrimental Data
The area is statistically considered lowly
risky.
In the region 3.901 protested subjects are
found; in the province they count to 1.638.
The insolvency index for the region is 0,33,
, while for the province it is 0,31.
Total Bankrupt companies in the province :
2.215.
Total Bankrupt companies in the region :
5.085.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.10 |
|
UK Pound |
1 |
Rs.74.27 |
|
Euro |
1 |
Rs.64.35 |
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.