MIRA INFORM REPORT
|
Report Date : |
24.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
SWEETBIO S.R.L |
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|
|
|
Registered Office : |
Via Europa, 3, 10081-
Castellamonte (TO) |
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Country : |
Italy |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
19.12.2007 |
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|
Legal Form : |
Limited Liability Company |
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Line of Business : |
Non-specialised wholesale of
food, beverages and tobacco |
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No. of Employees
: |
5 Persons |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
110.000 Eur |
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|
|
|
Status : |
Good |
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Payment
Behaviour : |
Regular |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Italy |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Sweetbio S.r.l.
Via Europa, 3
10081 - Castellamonte (TO) -IT-
Summary
|
Fiscal Code |
: |
09733680012 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
21/12/2007 |
|
Equity |
: |
400.000 Eur |
|
Turnover Range |
: |
5.000.000/6.500.000 Eur |
|
Number of Employees |
: |
from 1 to 5 |
Credit Analysis
|
Credit Opinion |
: |
110.000 - Eur |
Activity
Non-specialised wholesale of
food, beverages and tobacco
Retail sale of macrobiotic and dietary
products
Legal Data
Legal Form : Limited liability
company
|
Fiscal Code : 09733680012 |
|
Foreign Trade Reg. no. : TO100619 since
17/01/2008 |
|
Chamber of Commerce no. : 270722 of Cuneo |
|
Chamber of Commerce no. : 1076774 of Torino
since 31/12/2007 |
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V.A.T. Code : 09733680012 |
|
Establishment date |
: 19/12/2007 |
|
|
Start of Activities |
: 21/12/2007 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 100.000 |
Eur |
|
Subscribed Capital |
: 100.000 |
Eur |
|
Paid up Capital |
: 100.000 |
Eur |
Members
|
|
Tarella |
Giancarlo |
|
|
|
Born in Aglie' |
(TO) |
on 17/11/1951 |
- Fiscal Code : TRLGCR51S17A074U |
|
|
|
Residence : |
Via |
Duchessa Isabella |
, 6 |
- 10011 |
Aglie' |
(TO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
19/12/2007 |
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|
|
Person in charge |
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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 are listed the
companies in which members hold or have holded positions.
|
|
TARELLA |
GIANCARLO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
SWETT DI TARELLA GIANCARLO |
Aglie' (TO) - IT - |
TRLGCR51S17A074U |
Proprietor |
Withdrawn |
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 |
|
Tarella Giancarlo |
Aglie' - IT - |
TRLGCR51S17A074U |
98.000 .Eur |
98,00 |
|
De Toffol Tiziana |
|
DTFTZN52E55A859Z |
2.000 .Eur |
2,00 |
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 |
|
|
|
|
|
|
Via |
Europa |
, 3 |
- 10081 |
- Castellamonte |
(TO) |
- IT - |
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|
|
PHONE |
: 012433318 |
|
- |
Branch |
(Store ) |
since 21/12/2007 |
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|
|
|
Via |
Principe Amedeo |
, 90 |
- 10011 |
- Aglie' |
(TO) |
- IT - |
|
- |
Branch |
(Store ) |
since 21/12/2007 |
|
|
|
|
|
Via |
Duchessa Isabella |
, 6 |
- 10011 |
- Aglie' |
(TO) |
- IT - |
|
- |
Branch |
(Store ) |
since 21/12/2007 |
|
|
|
|
|
Via |
Chiusani |
, 93/BIS |
- 12100 |
- Cuneo |
(CN) |
- IT - |
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|
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Employees |
: 5 |
|
Fittings and Equipment for a value of
650.000 |
Eur |
|
Stocks for a value of 780.000 |
Eur |
|
|
Historical Information and/or Firm's Status
CEASINGS/INCORPORATIONS/MERGES:
|
|
The firm took
over the activity of |
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|
|
|
|
|
|
Via |
Duchessa Isabella |
, 6 |
, 10011 |
, Aglie' |
(TO) |
- IT - |
|
|
|
Fiscal Code: TRLGCR51S17A074U |
|
|
|
Date |
: |
19/12/2007 |
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 b/s of the latests three years.
During the last years, it
recorded positive net results (r.o.e. 15,45% in 2010) but without a significant
increase in the turnover.
The operating result in 2010 was
positive (2,11%) and reflects the field's average.
The operating result is positive
and amounts to Eur. 50.653 with a -20,39% fall as against the year 2009.
During the latest financial year
the gross operating margin amounted to Eur. 73.932 with a -24,77% fall.
The financial position is not
well balanced as the volume of debts is fairly remarkable if compared to
shareholder's equity, in fact total debts are 6,08 but on the decrease if
compared to the year before.
It's shareholders funds amount
to Eur. 305.387 on stable levels.
Eur. 2.052.119 is the amount of
total debts, both commercial and of different nature, , a more or less stable
value.
Bank borrowings' volume is
slightly high but it modestly dips into suppliers credit, 12,79 gg. is the
payments' average time below the sector's average.
Payments are supported by good
current assets.
Accounts receivable average term
is 88,6 days. , more or less in line with the average of the sector.
During financial year 2010 the
cash flow amounted to Eur. 70.453
Subordinate employment cost is
of Eur. 169.378, i.e. 3,39% on total production costs. and a 3,37% incidence on
sales volumes.
The financial charges do not
negatively affect the management, as they are covered by the incomes.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
5.023.624 |
|
Profit (Loss) for the period |
47.174 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
5.084.291 |
|
Profit (Loss) for the period |
44.440 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
5.372.160 |
|
Profit (Loss) for the period |
49.903 |
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 31/12/2010 - 12 Mesi - Currency: Eur - Amounts x 1 |
|
- 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 31/12/2010 |
as at 31/12/2009 |
as at 31/12/2008 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,03 |
0,04 |
0,04 |
0,13 |
|
Elasticity Ratio |
Units |
0,96 |
0,96 |
0,95 |
0,85 |
|
Availability of stock |
Units |
0,33 |
0,30 |
0,26 |
0,16 |
|
Total Liquidity Ratio |
Units |
0,64 |
0,66 |
0,68 |
0,62 |
|
Quick Ratio |
Units |
0,08 |
0,06 |
0,06 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
6,08 |
6,18 |
9,26 |
5,02 |
|
Self Financing Ratio |
Units |
0,13 |
0,11 |
0,08 |
0,13 |
|
Capital protection Ratio |
Units |
0,32 |
0,44 |
0,29 |
0,58 |
|
Liabilities consolidation quotient |
Units |
0,01 |
0,24 |
0,01 |
0,10 |
|
Financing |
Units |
6,72 |
8,24 |
10,01 |
6,17 |
|
Permanent Indebtedness Ratio |
Units |
0,14 |
0,28 |
0,10 |
0,25 |
|
M/L term Debts Ratio |
Units |
0,01 |
0,17 |
0,01 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
1,69 |
0,99 |
0,00 |
1,16 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
4,02 |
7,33 |
2,10 |
1,57 |
|
Current ratio |
Units |
1,13 |
1,34 |
1,06 |
1,09 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,75 |
0,92 |
0,76 |
0,85 |
|
Structure's primary quotient |
Units |
3,71 |
2,83 |
1,85 |
0,96 |
|
Treasury's primary quotient |
Units |
0,10 |
0,08 |
0,07 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
785,13 |
934,96 |
1.120,14 |
743,68 |
|
Current Capital ( net ) |
Value |
260.813 |
587.144 |
135.987 |
70.465 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
1,40 |
1,56 |
1,63 |
1,66 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
15,45 |
17,21 |
23,34 |
6,68 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
25,34 |
28,27 |
17,65 |
19,39 |
|
Return on Investment ( R.O.I. ) |
% |
2,11 |
2,64 |
2,91 |
3,84 |
|
Return/ Sales |
% |
1,01 |
1,25 |
1,30 |
2,16 |
|
Extra Management revenues/charges incid. |
% |
93,13 |
69,84 |
71,43 |
28,56 |
|
Cash Flow |
Value |
70.453 |
79.089 |
87.927 |
48.046 |
|
Operating Profit |
Value |
50.653 |
63.632 |
69.854 |
59.910 |
|
Gross Operating Margin |
Value |
73.932 |
98.281 |
107.878 |
99.701 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
88,60 |
97,52 |
93,67 |
86,56 |
|
Debts to suppliers average term |
Days |
12,79 |
37,36 |
10,26 |
100,32 |
|
Average stock waiting period |
Days |
56,12 |
51,73 |
43,20 |
31,97 |
|
Rate of capital employed return ( Turnover
) |
Units |
2,10 |
2,11 |
2,24 |
1,82 |
|
Rate of stock return |
Units |
6,42 |
6,96 |
8,32 |
11,18 |
|
Labour cost incidence |
% |
3,37 |
2,65 |
2,19 |
5,95 |
|
Net financial revenues/ charges incidence |
% |
0,53 |
0,18 |
- 0,59 |
- 0,81 |
|
Labour cost on purchasing expenses |
% |
3,39 |
2,68 |
2,20 |
5,95 |
|
Short-term financing charges |
% |
n.c. |
3,70 |
6,38 |
2,18 |
|
Capital on hand |
% |
47,73 |
47,48 |
44,57 |
54,67 |
|
Sales pro employee |
Value |
1.004.724 |
1.271.072 |
1.790.720 |
507.073 |
|
Labour cost pro employee |
Value |
33.875 |
33.646 |
39.309 |
32.650 |
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:
110.000Eur.
Market / Territory Data
|
Population living in the province |
: |
2.236.941 |
|
Population living in the region |
: |
4.330.172 |
|
Number of families in the region |
: |
1.889.207 |
Monthly family expenses average
in the region (in Eur.) :
|
- per food products |
: |
|
|
- per non food products |
: |
|
|
- per energy consume |
: |
135 |
Sector Data
The values are calculated on a
base of 5.101 significant companies.
The companies cash their credits
on an average of 86 dd.
The average duration of
suppliers debts is about 100 dd.
The sector's profitability is on
an average of 1,66%.
The labour cost affects the
turnover in the measure of 5,95%.
Goods are held in stock in a
range of 31 dd.
The difference between the sales
volume and the resources used to realize it is about 1,82.
The employees costs represent
the 5,95% of the production costs.
Statistical Detrimental Data
The area is statistically
considered moderately risky.
In the region 27.019 protested
subjects are found; in the province they count to 16.723.
The insolvency index for the
region is 0,63, , while for the province it is 0,76.
Total Bankrupt companies in the
province : 7.726.
Total Bankrupt companies in the
region : 14.165.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.10 |
|
UK Pound |
1 |
Rs.81.30 |
|
Euro |
1 |
Rs.70.07 |
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.