|
Report Date : |
04.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
DRT S.R.L. |
|
|
|
|
Registered Office : |
Via Conservatorio, 30, 20100 – Milano
(MI) |
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|
|
|
Country : |
Italy |
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|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
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Date of Incorporation : |
05.12.2007 |
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|
|
|
Legal Form : |
Limited Liability Company |
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|
|
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Line of Business : |
General mechanics |
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|
|
|
No. of Employees : |
1 to 5 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Drt S.r.l.
Via Conservatorio, 30
20100 - Milano (MI) -IT-
|
Fiscal Code |
: |
05952860962 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
10/03/2008 |
|
Equity |
: |
100.000 |
|
Turnover Range |
: |
150.000/200.000 |
|
Number of Employees |
: |
from 1 to 5 |
General mechanics
Legal Form : Limited liability
company
|
Fiscal Code : 05952860962 |
|
Chamber of Commerce no. : 382201 of |
|
Chamber of Commerce no. : 1861741 of since
17/12/2007 |
|
Establishment date |
: 05/12/2007 |
|
|
Start of Activities |
: 10/03/2008 |
|
|
Legal duration |
: 31/12/2040 |
|
|
Nominal Capital |
: 100.000 |
|
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Subscribed Capital |
: 100.000 |
|
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Paid up Capital |
: 100.000 |
|
|
|
Gentile |
Bruno Leonardo |
|
|
|
Born in Milano |
(MI) |
on 05/08/1962 |
- Fiscal Code : GNTBNL62M05F205P |
|
|
|
Residence: |
|
Adeodato Ressi |
, 30 |
- 20125 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
01/09/2011 |
|
|
|
Managing Director |
02/09/2011 |
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|
|
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No
Prejudicial events are reported |
|
|
No Protests
registered |
|
|
Formenti |
Simone |
|
|
|
Born in Romano di Lombardia |
(BG) |
on 17/06/1971 |
- Fiscal Code : FRMSMN71H17H509J |
|
|
|
Residence: |
|
Dante Alighieri |
, 30 |
- 24058 |
Romano di Lombardia |
(BG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
01/09/2011 |
|
|
|
Board Chairman |
02/09/2011 |
|
|
|
Managing Director |
02/09/2011 |
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|
|
|
No
Prejudicial events are reported |
|
|
No Protests
registered |
*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.
Shareholders' list as at date of
data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Formenti Simone |
Romano di Lombardia - IT - |
FRMSMN71H17H509J |
70.000 .Eur |
70,00 |
|
Costelli Marina Cristina |
|
CSTMNC64B44F205W |
30.000 .Eur |
30,00 |
The Company under review has no
participations in other Companies.
In order to carry out its
activities the firm uses the following locations:
|
- |
Legal and
operative seat |
|
|
|
|
|
|
|
Conservatorio |
, 30 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
- |
Branch |
(Production
engineering department) |
since 10/03/2008 |
|
|
|
|
|
|
Carlo Alberto Dalla Chiesa |
, 10/39 |
- 24048 |
- Treviolo |
(BG) |
- IT - |
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PHONE |
: 035203244 |
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FAX |
: 035690203 |
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Email |
: info@drtimpianti.com |
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|
|
|
Assistants |
: 2 |
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|
Protests checking on the subject
firm has given a negative result.
Search performed on a National
Scale
|
|
|
Prejudicial
Events Search Result: NEGATIVE |
Search performed on a
specialized data base.
None reported, standing to the
latest received edition of the Official Publications.
The company has been active for
some years.
The economic-financial analysis
has been made on the base of the latest 2 balance sheets.
Unstable economic results mark
the company's financial state of affairs. with a loss in the last financial
year. In the last financial year a drop in sales has been registered (-50,45%).
The operating result is
negative.
The operating loss amounts to
Eur. -26.772 .
It has been registered a
negative gross operating margin value of (Eur. -26.772).
The financial status of the company
is fairly balanced with an indebtedness level of 1,94 and falling as against
the previous year (1,97).
The management generated equity
capital for an amount of Eur. 91.519 on stable levels.
Eur. 177.845 is the amount of
total debts, both commercial and of different nature, , with no sensible
variation.
The recourse to bank credit is
slightly high and also borrowings from suppliers appear to be high, with an
average payment period equal to 134,49 gg. however still within the sector's
average.
It shows a good range of
liquidity.
On average trade credits are
collected in 81,3 days. , lower than the sector's average.
Cash flow is negative at the end
of financial year 2011.
Labour cost amounts to Eur. 18.413,
with a 9,7% incidence on production costs. and a 11,29% incidence on sales
volumes.
The incidence percentage of
financial charges on sales volume is equal to -4,84%.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
163.142 |
|
Profit (Loss) for the period |
-12.294 |
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
329.309 |
|
Profit (Loss) for the period |
1.052 |
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 31/12/2011 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet as
at 31/12/2010 - 12 Mesi - Currency: - Amounts x 1 |
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RATIOS |
Value
Type |
as at 31/12/2011 |
as at 31/12/2010 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
Rigidity Ratio |
Units |
0,12 |
0,10 |
0,24 |
|
Elasticity Ratio |
Units |
0,88 |
0,90 |
0,73 |
|
Availability of stock |
Units |
n.c. |
n.c. |
0,13 |
|
Total Liquidity Ratio |
Units |
0,88 |
0,90 |
0,54 |
|
Quick Ratio |
Units |
n.c. |
n.c. |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
Net Short-term indebtedness |
Units |
1,94 |
1,97 |
3,02 |
|
Self Financing Ratio |
Units |
0,31 |
0,31 |
0,19 |
|
Capital protection Ratio |
Units |
0,04 |
0,03 |
0,67 |
|
Liabilities consolidation quotient |
Units |
0,03 |
0,02 |
0,21 |
|
Financing |
Units |
1,94 |
1,97 |
3,82 |
|
Permanent Indebtedness Ratio |
Units |
0,33 |
0,32 |
0,37 |
|
M/L term Debts Ratio |
Units |
0,02 |
0,01 |
0,12 |
|
Net Financial Indebtedness Ratio |
Units |
1,58 |
n.c. |
0,54 |
|
CORRELATION |
|
|
|
|
|
Fixed assets ratio |
Units |
2,62 |
3,11 |
1,36 |
|
Current ratio |
Units |
1,44 |
1,45 |
1,15 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,44 |
1,45 |
0,90 |
|
Structure's primary quotient |
Units |
2,50 |
3,01 |
0,80 |
|
Treasury's primary quotient |
Units |
n.c. |
n.c. |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
320,64 |
318,94 |
522,79 |
|
Current Capital ( net ) |
Value |
78.954 |
92.307 |
137.035 |
|
RETURN |
|
|
|
|
|
Return on Sales |
% |
-7,54 |
0,32 |
4,19 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-13,43 |
1,01 |
6,82 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-12,66 |
7,61 |
21,82 |
|
Return on Investment ( R.O.I. ) |
% |
-9,12 |
4,68 |
5,32 |
|
Return/ Sales |
% |
-16,41 |
4,70 |
4,80 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
6,79 |
24,34 |
|
Cash Flow |
Value |
-12.294 |
1.052 |
122.584 |
|
Operating Profit |
Value |
-26.772 |
15.489 |
134.039 |
|
Gross Operating Margin |
Value |
-26.772 |
29.813 |
232.049 |
|
MANAGEMENT |
|
|
|
|
|
Credits to clients average term |
Days |
81,30 |
98,56 |
113,47 |
|
Debts to suppliers average term |
Days |
134,49 |
n.c. |
128,87 |
|
Average stock waiting period |
Days |
n.c. |
n.c. |
41,22 |
|
Rate of capital employed return ( Turnover
) |
Units |
0,56 |
0,99 |
1,15 |
|
Rate of stock return |
Units |
n.c. |
n.c. |
8,63 |
|
Labour cost incidence |
% |
11,29 |
6,89 |
23,26 |
|
Net financial revenues/ charges incidence |
% |
-4,84 |
-2,31 |
-1,36 |
|
Labour cost on purchasing expenses |
% |
9,70 |
7,23 |
23,52 |
|
Short-term financing charges |
% |
4,59 |
3,72 |
2,74 |
|
Capital on hand |
% |
179,87 |
100,54 |
87,13 |
|
Sales pro employee |
Value |
|
|
150.278 |
|
Labour cost pro employee |
Value |
|
|
33.017 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.08 |
|
UK Pound |
1 |
Rs.87.03 |
|
Euro |
1 |
Rs.68.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.