MIRA INFORM REPORT
|
Report Date : |
18.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
HUBER S.R.L. |
|
|
|
|
Registered Office : |
Via Alois Kuperion, 21, 39012 - Merano (BZ) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
16.06.1976 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of plumbing, heating and
airconditioning equipment and supplies |
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 |
|
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 – 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
Huber s.r.l.
Via Alois Kuperion, 21
39012 - Merano (BZ) -IT-
Summary
|
Fiscal Code |
: |
00381900216 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
11/05/1977 |
|
Equity |
: |
Over 2.582.254 Eur |
|
Turnover Range |
: |
12.750.000/15.500.000 Eur |
|
Number of Employees |
: |
from 51 to 70 |
Activity
Wholesale of plumbing, heating and
airconditioning equipment and supplies
Retail sale of hardware, paints, flat glass
and electrical and plumb
ing and heating materials
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 00381900216 |
|
Foreign Trade Reg. no. : BZ003689 since
18/09/1997 |
|
Foreign Trade Reg. no. : 0003689 of
Bolzano |
|
Chamber of Commerce no. : 79889 of Bolzano
since 23/06/1976 |
|
V.A.T. Code : 00381900216 |
|
R. E. C. no. : 16462 of Bolzano |
|
Tribunal Co. Register : 4379 of Bolzano |
|
Foundation date |
: 16/06/1976 |
|
|
Establishment date |
: 16/06/1976 |
|
|
Start of Activities |
: 11/05/1977 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 62.000 |
Eur |
|
Subscribed Capital |
: 62.000 |
Eur |
|
Paid up Capital |
: 62.000 |
Eur |
Members
|
|
Huber |
Julius |
|
|
|
Born in Bolzano |
(BZ) |
on 08/02/1959 |
- Fiscal Code : HBRJLS59B08A952Z |
|
|
|
Residence : |
Via |
Via Delle Palade |
, 4 |
- 39012 |
Merano |
(BZ) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
01/09/2009 |
|
|
|
|
No Protests
registered |
|
|
Huber |
Joseph |
|
|
|
Born in Bolzano |
(BZ) |
on 28/02/1938 |
- Fiscal Code : HBRJPH38B28A952I |
|
|
|
Residence : |
Via Alois Kuperion |
, 23 |
- 39012 |
Merano |
(BZ) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
01/09/2009 |
|
|
|
Board Chairman |
01/09/2009 |
|
|
|
|
No Protests
registered |
|
|
Niederstaetter |
Brigitte |
|
|
|
Born in Nuerenberg |
on 22/06/1941 |
- Fiscal Code : NDRBGT41H62Z112F |
|
|
|
Residence : |
Via Alois Kuperion |
, 23 |
- 39012 |
Merano |
(BZ) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
01/09/2009 |
|
|
|
Assistant board Chairman |
01/09/2009 |
|
|
|
|
No Protests
registered |
|
|
Huber |
Guenther |
|
|
|
Born in Merano |
(BZ) |
on 28/07/1969 |
- Fiscal Code : HBRGTH69L28F132L |
|
|
|
Residence : |
Via Virgilio |
, 59/A |
- 39012 |
Merano |
(BZ) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
01/09/2009 |
|
|
|
|
No Protests
registered |
|
|
Huber |
Andreas |
|
|
|
Born in Bolzano |
(BZ) |
on 28/04/1961 |
- Fiscal Code : HBRNRS61D28A952K |
|
|
|
Residence : |
Via Josef Weingartner |
, 52 |
- 39022 |
Lagundo |
(BZ) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
01/09/2009 |
|
|
|
|
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 |
|
Huber Julius |
Merano - IT - |
HBRJLS59B08A952Z |
12.400 .Eur |
20,00 |
|
Huber Joseph |
Merano - IT - |
HBRJPH38B28A952I |
12.400 .Eur |
20,00 |
|
Niederstaetter Brigitte |
Merano - IT - |
NDRBGT41H62Z112F |
12.400 .Eur |
20,00 |
|
Huber Guenther |
Merano - IT - |
HBRGTH69L28F132L |
12.400 .Eur |
20,00 |
|
Huber Andreas |
Lagundo - IT - |
HBRNRS61D28A952K |
12.400 .Eur |
20,00 |
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 |
|
I.t.s.r.- Distributori Idro-termo Sanitari
E Rivestimenti Del Tri Veneto - Socie |
Castelfranco Veneto - IT - |
03792020269 |
1.667 .Eur |
8,33 |
|
|
Active |
|
Nest Group Societa' Consortile A R.l. |
Castelfranco Veneto - IT - |
04327630267 |
1.000 .Eur |
5,55 |
|
|
Active |
Firm's location and structure
In order to carry out its activities the
firm uses the following locations:
|
- |
Legal and
operative seat |
|
since 16/06/1976 |
|
|
|
|
|
Via |
Alois Kuperion |
, 21 |
- 39012 |
- Merano |
(BZ) |
- IT - |
|
|
|
|
Total Surface: 350 Sq.mt. |
|
|
|
|
PHONE |
: 0473/204300 |
|
|
|
|
FAX |
: 0473/204343 |
|
|
|
|
Website |
: WWW.HUBER.IT |
|
- |
Branch |
(Warehouse ) |
since 07/11/1996 |
|
|
|
|
|
Via Castel Firmiano |
, 35 Loc. CASTEL FIRMIANO |
- 39100 |
- Bolzano |
(BZ) |
- IT - |
|
- |
Branch |
(Warehouse ) |
since 02/10/2000 |
|
|
|
|
|
Via Rio Sinigo |
, 17 |
- 39012 |
- Merano |
(BZ) |
- IT - |
|
- |
Branch |
(Store ) |
since 10/10/2008 |
|
|
|
|
|
Via Alois Kuperion |
, 1 |
- 39012 |
- Merano |
(BZ) |
- IT - |
|
- |
Branch |
(Store ) |
since 18/05/2010 |
|
|
|
|
|
Foerche |
, 34 Loc. SCIAVES |
- 39040 |
- Naz Sciaves |
(BZ) |
- IT - |
|
|
|
|
Employees |
: 52 |
|
|
|
|
Active partners |
: 3 |
|
Fittings and Equipment for a value of
490.000 |
Eur |
|
Stocks for a value of 3.130.000 |
Eur |
|
Vehicles : 3. |
|
|
Historical Information and/or Firm's Status
CHANGES TO THE
LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
General partnership |
Limited partnership |
01/02/1989 |
EX-MEMBERS /
EX-POSITIONS:
|
|
Huber Josef |
|
|
|
|
Born in Bolzano |
on 28/02/1938 |
- Fiscal Code : HBRJSF38B28A952P |
|
|
|
Fiscal residence : |
Via |
Alois Kuperion |
, 23 |
- 39012 |
Merano |
(BZ) |
- IT - |
|
Ex-Postions |
|
General Partner |
|
Partner |
|
|
Niederstatter in
Huber Brigitte |
|
|
|
|
Born in Nuernberg |
on 22/06/1941 |
|
Ex-Postions |
|
General Partner |
|
Partner |
|
|
Huber |
Julius |
|
|
|
Born in Bolzano |
on 08/02/1959 |
- Fiscal Code : HBRJLS59B08A952Z |
|
|
|
Residence : |
Via |
Via Delle Palade |
, 4 |
- 39012 |
Merano |
(BZ) |
- IT - |
|
Ex-Postions |
|
Partner |
|
Limited Partner |
|
|
Huber Guenther |
|
|
|
|
Born in Merano |
on 28/07/1969 |
|
Ex-Postions |
|
Limited 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
The company is active since 1977
Balance sheets for the years 2008, 2009 and
2010 were analyzed.
Unstable economic results mark the company's
financial state of affairs. yet with a positive result in the 2010 (r.o.e.
1,07%). In the last financial year an increase in the turnover has been
registered (+10,88%).
The operating result in 2010 was positive
(2,08%) and reflects the field's average.
The amount of the operating result for the
year 2010 is of Eur. 381.700 showing an upward trend more then 100% compared to
the previous financial year.
The gross operating margin of the latest
financial year is of Eur. 733.878 with a 51,05% increase as opposed to the
preceding year.
The company has an excellent net worth if
compared to its debts, with a low indebtedness (0,71) which is yet rising if
compared to 2009.
The equity capital is equal to Eur.
9.880.889 on the same levels as the year before.
During the last financial year total debts
volume reached Eur. 7.341.764 (Eur. 344.055 were m/l term ones) increasing if
compared to the previous year, during which they were equal to Eur. 5.731.436
(28,09%).
Bank and suppliers credit recourse is
limited, 41,1 gg. is payment average period which is also lower than the sector
average.
The management determines a good range of
liquidity.
Due from customers average term is high and
equal to 110,36 days. even if compared to the average of the sector.
2010 financial year closed with a cash flow
of Eur. 458.198
In the last financial year labour cost was
of Eur. 2.155.214, with a 14,6% incidence on total costs of production. , with
a 14,63% incidence on turnover.
Financial charges have a limited incidence
(-0,14%) on sales volume.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
14.728.665 |
|
Profit (Loss) for the period |
106.020 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
13.283.238 |
|
Profit (Loss) for the period |
-67.120 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
14.657.084 |
|
Profit (Loss) for the period |
90.211 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
15.277.284 |
|
Profit (Loss) for the period |
279.810 |
|
|
|
Complete balance-sheet for the year |
30/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
15.172.770 |
|
Profit (Loss) for the period |
204.023 |
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 |
0,55 |
0,59 |
0,54 |
0,13 |
|
Elasticity Ratio |
Units |
0,42 |
0,38 |
0,43 |
0,86 |
|
Availability of stock |
Units |
0,17 |
0,15 |
0,15 |
0,43 |
|
Total Liquidity Ratio |
Units |
0,25 |
0,23 |
0,28 |
0,31 |
|
Quick Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
0,71 |
0,59 |
0,75 |
3,98 |
|
Self Financing Ratio |
Units |
0,54 |
0,59 |
0,53 |
0,15 |
|
Capital protection Ratio |
Units |
0,98 |
1,00 |
0,98 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,15 |
0,12 |
0,11 |
0,18 |
|
Financing |
Units |
0,74 |
0,59 |
0,77 |
5,26 |
|
Permanent Indebtedness Ratio |
Units |
0,59 |
0,63 |
0,58 |
0,33 |
|
M/L term Debts Ratio |
Units |
0,06 |
0,04 |
0,04 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
0,54 |
0,43 |
0,53 |
0,90 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,09 |
1,07 |
1,07 |
2,05 |
|
Current ratio |
Units |
1,10 |
1,11 |
1,07 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,66 |
0,68 |
0,70 |
0,51 |
|
Structure's primary quotient |
Units |
0,99 |
1,00 |
0,99 |
1,01 |
|
Treasury's primary quotient |
Units |
0,00 |
0,00 |
0,00 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
186,04 |
169,82 |
187,26 |
648,19 |
|
Current Capital ( net ) |
Value |
723.702 |
650.126 |
511.556 |
102.498 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
3,11 |
1,95 |
1,60 |
2,38 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
1,07 |
- 0,69 |
0,92 |
3,81 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
3,65 |
1,17 |
2,52 |
11,92 |
|
Return on Investment ( R.O.I. ) |
% |
2,08 |
0,96 |
2,65 |
3,28 |
|
Return/ Sales |
% |
2,59 |
1,20 |
3,33 |
3,01 |
|
Extra Management revenues/charges incid. |
% |
27,78 |
- 42,12 |
18,49 |
24,55 |
|
Cash Flow |
Value |
458.198 |
259.345 |
233.782 |
25.464 |
|
Operating Profit |
Value |
381.700 |
159.362 |
487.929 |
32.755 |
|
Gross Operating Margin |
Value |
733.878 |
485.827 |
631.500 |
54.739 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
110,36 |
102,45 |
112,77 |
61,66 |
|
Debts to suppliers average term |
Days |
41,10 |
36,79 |
54,93 |
139,97 |
|
Average stock waiting period |
Days |
76,44 |
67,14 |
67,60 |
132,27 |
|
Rate of capital employed return ( Turnover
) |
Units |
0,80 |
0,80 |
0,80 |
1,09 |
|
Rate of stock return |
Units |
4,71 |
5,36 |
5,33 |
2,67 |
|
Labour cost incidence |
% |
14,63 |
15,26 |
13,63 |
10,50 |
|
Net financial revenues/ charges incidence |
% |
- 0,14 |
- 0,34 |
- 1,61 |
- 1,44 |
|
Labour cost on purchasing expenses |
% |
14,60 |
15,04 |
13,82 |
10,43 |
|
Short-term financing charges |
% |
1,79 |
2,61 |
4,35 |
2,33 |
|
Capital on hand |
% |
124,80 |
124,97 |
125,74 |
91,36 |
|
Sales pro employee |
Value |
300.585 |
271.086 |
299.124 |
286.155 |
|
Labour cost pro employee |
Value |
43.983 |
41.361 |
40.775 |
32.315 |
Market / Territory Data
|
Population living in the province |
: |
477.067 |
|
Population living in the region |
: |
974.613 |
|
Number of families in the region |
: |
383.892 |
Monthly family expenses average in the
region (in Eur.) :
|
- per food products |
: |
373 |
|
- per non food products |
: |
2.001 |
|
- per energy consume |
: |
121 |
Sector Data
The values are calculated on a base of 4.015
significant companies.
The companies cash their credits on an
average of 61 dd.
The average duration of suppliers debts is
about 139 dd.
The sector's profitability is on an average
of 2,38%.
The labour cost affects the turnover in the
measure of 10,50%.
Goods are held in stock in a range of 132
dd.
The difference between the sales volume and
the resources used to realize it is about 1,09.
The employees costs represent the 10,43% of
the production costs.
Statistical Detrimental Data
The area is statistically considered lowly
risky.
In the region 2.078 protested subjects are
found; in the province they count to 1.228.
The insolvency index for the region is 0,22,
, while for the province it is 0,26.
Total Bankrupt companies in the province :
1.448.
Total Bankrupt companies in the region :
2.539.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.89 |
|
UK Pound |
1 |
Rs.77.31 |
|
Euro |
1 |
Rs.67.79 |
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.