MIRA INFORM REPORT
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Report Date : |
26.11.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
DERMA S.R.L.
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Registered Office : |
Via Celentane, s.n. , 83029- Solofra (AV) |
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Country : |
Italy |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
03.12.1976 |
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Com. Reg. No.: |
00207330648 |
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Legal Form : |
Sole-Member Limited Liability Company |
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Line of Business : |
Preparation and tanning of leather; manufacture of luggage, handbags,
leather goods and saddlery; dressing and dyeing of fur |
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No. of Employees
: |
90 Persons |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 |
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Status : |
Good |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Italy |
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 |
Company name & address
Derma s.r.l.
Via Celentane, s.n.
83029 - Solofra (AV) -IT-
Summary
|
Fiscal Code |
: |
00207330648 |
|
Legal Form |
: |
Sole-Member Limited Liability Company |
|
start of Activities |
: |
03/12/1976 |
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Equity |
: |
2.500.000 Eur |
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Turnover Range |
: |
20.000.000/25.000.000 Eur |
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Number of Employees |
: |
from 71 to 90 |
Activity
Preparation and tanning of leather; manufacture of luggage, handbags,
leather goods and saddlery; dressing and dyeing of fur
Legal Data
Legal Form : Sole-Member Limited Liability Company
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Register of Handcraft firms : 20014 of Avellino |
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Fiscal Code : 00207330648 |
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Foreign Trade Reg. no. : AV003031 since 12/03/1992 |
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Chamber of Commerce no. : 73152 of Avellino since 03/12/1976 |
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Firms' Register : AV008-1896 since 19/02/1996 |
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V.A.T. Code : 00207330648 |
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Foundation date |
: 09/11/1976 |
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Establishment date |
: 09/11/1976 |
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Start of Activities |
: 03/12/1976 |
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Legal duration |
: 31/12/2040 |
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Nominal Capital |
: 100.000 |
Eur |
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Subscribed Capital |
: 100.000 |
Eur |
|
Paid up Capital |
: 100.000 |
Eur |
Members
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|
De Maio |
Gaetano |
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Born in Solofra |
(AV) |
on 17/08/1947 |
- Fiscal Code : DMEGTN47M17I805X |
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Residence : |
Via |
Celentane |
, S.N. |
- 83029 |
Solofra |
(AV) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
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Sole Director |
25/02/2010 |
108.455 - Eur |
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Sole partner |
|
108.455 - Eur |
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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.
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DE MAIO |
GAETANO |
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Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
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* ITALPELLE MODA |
Solofra (AV) - IT - |
01741390643 |
Vice-Chairman |
Active |
Registered |
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DE.MA. S.R.L. |
Solofra (AV) - IT - |
02272960648 |
Sole Director |
Active |
Registered |
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DE.MA. S.R.L. |
Solofra (AV) - IT - |
02272960648 |
Sole partner |
Active |
Registered |
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INDUSTRIA CONCIARIA D. E G. RAINBOW LEATHERS SOCIETA' A
RESPONSABILITA' LIMITATA |
Solofra (AV) - IT - |
02409980642 |
Sole Director |
Active |
Registered |
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INDUSTRIA CONCIARIA D. E G. RAINBOW LEATHERS SOCIETA' A
RESPONSABILITA' LIMITATA |
Solofra (AV) - IT - |
02409980642 |
Sole partner |
Active |
Registered |
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IRNO SERVICE S.P.A. |
Solofra (AV) - IT - |
02177670649 |
Director |
Withdrawn |
Registered |
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LA PIRAMIDE S.R.L., IN LIQUIDAZIONE |
Montoro Superiore (AV) - IT - |
01858190646 |
Liquidator |
Withdrawn |
Registered |
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MARA S.R.L. |
Solofra (AV) - IT - |
02174860649 |
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 |
|
De Maio Gaetano |
Solofra - IT - |
DMEGTN47M17I805X |
|
100,00 |
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 |
|
Corcosol S.p.a. (concimi Organici Da Concia Solofra - Societa' Per
Azioni) |
Solofra - IT - |
00137860649 |
480 .Eur |
0,05 |
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|
Active |
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 |
Celentane |
- 83029 |
- Solofra |
(AV) |
- IT - |
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PHONE |
: 0825/581620 |
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FAX |
: 0825/532099 |
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Website |
: www.conceriaderma.it |
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Employees |
: 86 |
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Fittings and Equipment for a value of 280.000 |
Eur |
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Stocks for a value of 850.000 |
Eur |
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Historical Information and/or Firm's Status
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
General partnership |
Limited liability company |
25/02/2010 |
EX-MEMBERS / EX-POSITIONS:
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De Maio |
Gaetano |
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Born in Solofra |
on 17/08/1947 |
- Fiscal Code : DMEGTN47M17I805X |
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Residence : |
Via |
Celentane |
, S.N. |
- 83029 |
Solofra |
(AV) |
- IT - |
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Ex-Postions |
|
Director |
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Partner |
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Partner |
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De Maio |
Mario |
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Born in Solofra |
on 27/05/1951 |
- Fiscal Code : DMEMRA51E27I805A |
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Residence : |
Via |
S.giacomo |
, 9 |
- 83029 |
Solofra |
(AV) |
- IT - |
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Ex-Postions |
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Partner |
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Maffei |
Francesco |
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Born in Solofra |
on 21/09/1936 |
- Fiscal Code : MFFFNC36P21I805R |
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Fiscal residence : |
Via |
Caposolofra |
- 83029 |
Solofra |
(AV) |
- IT - |
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Ex-Postions |
|
Partner |
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
Company's starting of activities dates back to 1976.
The economic-financial analysis is based on the b/s of the year 2010.
the financial period 2010 closed with a profit (r.o.e. del 65,3%).
R.o.i. is positive (14,95%). falling within the field's average.
The management generated an operating result amounting to Eur.
2.496.154.
It is equal to Eur. 2.759.750 the value of G.O.M.
The ratio between shareholder's equity and borrowed capital is not well
balanced, the indebtedness level is equal to 5,1
Subject's shareholder funds amounted to Eur. 2.269.033.
Companys' indebtedness is fairly high in relation to its net worth;
payments average period is slow and higher than sector's average.
Liquidity is however good.
Trade credits average terms are slow, on average 172,46 days. also in
relation to the average of the sector.
During the year 2010 cash flow amounted to Eur. 1.745.364
Labour cost amounts to Eur. 1.811.303, with a 10,08% incidence on
production costs. , whereas 8,27% is the incidence on sales revenues.
The financial management has a limited economic impact, equal to -0,77%
on the sales.
Financial Data
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Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1 ) |
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Item Type |
Value |
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Sales |
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Profit (Loss) for the period |
1.481.768 |
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 31/12/2010 - 12 Mesi - Currency: Eur - Amounts x
1 |
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RATIOS |
Value Type |
as at 31/12/2010 |
Sector Average |
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COMPOSITION ON
INVESTMENT |
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Rigidity Ratio |
Units |
0,10 |
0,18 |
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Elasticity Ratio |
Units |
0,90 |
0,80 |
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Availability of stock |
Units |
0,05 |
0,20 |
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Total Liquidity Ratio |
Units |
0,85 |
0,51 |
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Quick Ratio |
Units |
0,10 |
0,02 |
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COMPOSITION ON
SOURCE |
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Net Short-term indebtedness |
Units |
5,10 |
2,38 |
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Self Financing Ratio |
Units |
0,14 |
0,24 |
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Capital protection Ratio |
Units |
0,30 |
0,68 |
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Liabilities consolidation quotient |
Units |
0,09 |
0,18 |
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Financing |
Units |
6,00 |
2,86 |
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Permanent Indebtedness Ratio |
Units |
0,21 |
0,38 |
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M/L term Debts Ratio |
Units |
0,07 |
0,11 |
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Net Financial Indebtedness Ratio |
Units |
1,56 |
1,00 |
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CORRELATION |
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Fixed assets ratio |
Units |
2,15 |
1,78 |
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Current ratio |
Units |
1,14 |
1,25 |
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Acid Test Ratio-Liquidity Ratio |
Units |
1,08 |
0,84 |
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Structure's primary quotient |
Units |
1,40 |
1,07 |
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Treasury's primary quotient |
Units |
0,12 |
0,03 |
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Rate of indebtedness ( Leverage ) |
% |
735,76 |
408,81 |
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Current Capital ( net ) |
Value |
1.892.328 |
312.423 |
|
RETURN |
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|
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Return on Sales (R.O.S.) |
% |
7,97 |
2,67 |
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Return on Equity - Net- ( R.O.E. ) |
% |
65,30 |
3,20 |
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Return on Equity - Gross - ( R.O.E. ) |
% |
105,00 |
8,58 |
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Return on Investment ( R.O.I. ) |
% |
14,95 |
4,36 |
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Return/ Sales |
% |
11,40 |
3,63 |
|
Extra Management revenues/charges incid. |
% |
59,36 |
23,99 |
|
Cash Flow |
Value |
1.745.364 |
112.609 |
|
Operating Profit |
Value |
2.496.154 |
127.644 |
|
Gross Operating Margin |
Value |
2.759.750 |
230.719 |
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MANAGEMENT |
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Credits to clients average term |
Days |
172,46 |
101,46 |
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Debts to suppliers average term |
Days |
174,67 |
94,66 |
|
Average stock waiting period |
Days |
13,96 |
56,34 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,31 |
1,34 |
|
Rate of stock return |
Units |
25,78 |
6,30 |
|
Labour cost incidence |
% |
8,27 |
12,44 |
|
Net financial revenues/charges incidence |
% |
- 0,77 |
- 1,48 |
|
Labour cost on purchasing expenses |
% |
10,08 |
12,90 |
|
Short-term financing charges |
% |
1,24 |
3,49 |
|
Capital on hand |
% |
76,25 |
74,43 |
|
Sales pro employee |
Value |
390.962 |
253.464 |
|
Labour cost pro employee |
Value |
32.344 |
32.146 |
Market / Territory Data
|
Population living in the province |
: |
437.560 |
|
Population living in the region |
: |
5.788.986 |
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Number of families in the region |
: |
1.966.064 |
Monthly family expenses average in the region (in Eur.) :
|
- per food products |
: |
475 |
|
- per non food products |
: |
1.304 |
|
- per energy consume |
: |
79 |
Sector Data
The values are calculated on a base of 923 significant companies.
The companies cash their credits on an average of 101 dd.
The average duration of suppliers debts is about 94 dd.
The sector's profitability is on an average of 2,67%.
The labour cost affects the turnover in the measure of 12,44%.
Goods are held in stock in a range of 56 dd.
The difference between the sales volume and the resources used to
realize it is about 1,34.
The employees costs represent the 12,90% of the production costs.
Statistical Detrimental Data
The area is statistically considered remarkably risky.
In the region 80.616 protested subjects are found; in the province they
count to 4.901.
The insolvency index for the region is 1,40, , while for the province it
is 1,12.
Total Bankrupt companies in the province : 1.695.
Total Bankrupt companies in the region : 28.514.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.17 |
|
UK Pound |
1 |
Rs.80.64 |
|
Euro |
1 |
Rs.69.43 |
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.