|
Report Date : |
09.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
BELLUTI RAPPRESENTANZE S.R.L. |
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|
|
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Registered Office : |
Via Mar Egeo, 67 63821 – Porto Sant’Elpidio FM |
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|
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Country : |
Italy |
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|
|
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
15.01.2003 |
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Legal Form : |
Limited liability company |
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Line of Business : |
Wholesale of textiles |
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No. of Employees : |
2 |
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 : |
Satisfactory |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Italy |
A2 |
A2 |
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Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
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 |
|
Belluti
Rappresentanze S.r.l. |
|
Via |
Mar Egeo, |
67 |
|
63821 |
- Porto Sant'Elpidio |
(FM) |
-IT- |
|
Fiscal Code |
: |
01635430448 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
15/01/2003 |
|
Equity |
: |
100.000 |
|
Turnover Range |
: |
200.000/250.000 |
|
Number of Employees |
: |
from 1 to 5 |
Agents and representatives of raw textile
fibres and semi-finished goods, leather and skins
Wholesale of textiles
Other business consultancy and other
management consultancy activities
Legal Form : Limited liability company
|
Fiscal Code : 01635430448 |
|
Chamber of Commerce no. : 161499 of |
|
Chamber of Commerce no. : 161499 of since
27/02/2009 |
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Firms' Register : AP-2000-6271 of |
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V.A.T. Code : 01635430448 |
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Trade Agents Licence : of since 16/12/2002 |
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Establishment date |
: 26/01/2000 |
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Start of Activities |
: 15/01/2003 |
|
|
Legal duration |
: 31/12/2030 |
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Nominal Capital |
: 25.500 |
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Subscribed Capital |
: 25.500 |
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Paid up Capital |
: 21.250 |
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Belluti |
Simone |
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|
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Born in Sant'Elpidio a Mare |
(AP) |
on 15/01/1962 |
- Fiscal Code : BLLSMN62A15I324S |
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|
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Residence: |
|
Trani |
, 11 |
- 63900 |
Fermo |
(FM) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
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Board Chairman |
02/06/2012 |
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Director |
02/06/2012 |
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Managing Director |
02/06/2012 |
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No
Prejudicial events are reported |
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No Protests
registered |
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Salvatori |
Fabrizio |
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Born in Porto San Giorgio |
(AP) |
on 03/09/1962 |
- Fiscal Code : SLVFRZ62P03G920Y |
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Residence: |
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Pescolla |
, 9/4 |
- 63821 |
Porto Sant'Elpidio |
(FM) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
|
Director |
02/06/2012 |
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|
|
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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 |
|
Belluti Simone |
Fermo - IT - |
BLLSMN62A15I324S |
10.625 .Eur |
50,00 |
|
Spampinato Mandolini Tania |
|
SPMTNA64E67G920J |
10.625 .Eur |
50,00 |
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 |
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|
|
|
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Mar Egeo |
, 67 |
- 63018 |
- Porto Sant'Elpidio |
(FM) |
- IT - |
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Legal mail |
: BELLUTISRL@PEC.IT |
|
- |
Branch |
(office) |
since 01/02/2011 |
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Nibbi |
, 5 |
- 63017 |
- Porto San Giorgio |
(FM) |
- IT - |
|
- |
Branch |
(Operating
branch) |
since 17/02/2006 |
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|
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Harrington Road |
, 21 |
- Chetpet Chennai |
(EE) |
- IN - |
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Employees |
: 2 |
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EX-MEMBERS /
EX-POSITIONS:
|
|
Mercuri |
Francesco |
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|
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Born in SANTA VITTORIA IN MATENANO |
(AP) |
on 29/07/1939 |
- Fiscal Code : MRCFNC39L29I315J |
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|
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Residence: |
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PESARO |
, 68 |
- 63018 |
Porto Sant'Elpidio |
(AP) |
- IT - |
|
Ex-Postions |
|
Sole Director |
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.
Subject is active since 2003
The eonomic-financial analysis is based on
the latest 3 b/s.
During the last years, it achieved profits
(r.o.e. 4,55% on 2010) and during the last financial year an increase in sales
volume was registered (+61,83% in 2010).
The operating result was positive in the
last financial year (11,43%) and in line with the sector's average.
The amount of the operating result for the
year 2010 is of Eur. 23.165 , on more or less the same values as in the year
before.
During the latest financial year the gross
operating margin amounted to Eur. 41.235 ,with no change if compared to the
year before.
Very good financial situation: shareholder's
equity covers short-terms debts with an indebtedness level equal to 0,87 and
with an upward trend compared to the previous year.
It's shareholders funds amount to Eur.
92.233 , unchanged as opposed to the preceding year.
Total debts (both short and M/L term) equals
Eur. 101.925, showing a stable trend as opposed to 2009 (Eur. 122.263).
The recourse to financial credit is within
the limits; on the other hand the recourse to suppliers' credit is rated as
fairly high and higher than sector's average.
Neverthless available funds are good.
Trade credits are collected slowly, average
term is 135,87 days. within the average values of the sector.
As far as the cash flow is concerned during
the latest financial year it amounted to Eur. 22.268
Labour cost amounts to Eur. 29.652, with a
16,05% incidence on production costs. and a 14,26% incidence on sales volumes.
Finacial chareges are high: the incidence on
sales volume amounts to -3,69%
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|
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Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
207.884 |
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Profit (Loss) for the period |
4.198 |
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Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
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Item Type |
Value |
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Sales |
128.452 |
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Profit (Loss) for the period |
6.805 |
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|
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Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1) |
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Item Type |
Value |
|
Sales |
259.946 |
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Profit (Loss) for the period |
11.648 |
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: - Amounts x 1 |
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- Balance Sheet
as at 31/12/2009 - 12 Mesi - Currency: - Amounts x 1 |
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- Balance Sheet
as at 31/12/2008 - 12 Mesi - Currency: - 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 |
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COMPOSITION ON
INVESTMENT |
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|
|
|
|
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Rigidity Ratio |
Units |
0,37 |
0,39 |
0,33 |
0,12 |
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Elasticity Ratio |
Units |
0,60 |
0,58 |
0,58 |
0,84 |
|
Availability of stock |
Units |
n.c. |
0,09 |
n.c. |
0,05 |
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Total Liquidity Ratio |
Units |
0,60 |
0,50 |
0,58 |
0,80 |
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Quick Ratio |
Units |
0,12 |
0,14 |
0,05 |
0,05 |
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COMPOSITION ON
SOURCE |
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|
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Net Short-term indebtedness |
Units |
0,87 |
1,03 |
1,20 |
3,43 |
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Self Financing Ratio |
Units |
0,46 |
0,41 |
0,42 |
0,20 |
|
Capital protection Ratio |
Units |
0,68 |
0,64 |
0,54 |
0,33 |
|
Liabilities consolidation quotient |
Units |
0,07 |
0,05 |
0,04 |
0,10 |
|
Financing |
Units |
1,11 |
1,38 |
1,32 |
3,78 |
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Permanent Indebtedness Ratio |
Units |
0,49 |
0,43 |
0,44 |
0,28 |
|
M/L term Debts Ratio |
Units |
0,04 |
0,03 |
0,02 |
0,06 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,11 |
0,24 |
0,00 |
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CORRELATION |
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|
|
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Fixed assets ratio |
Units |
1,34 |
1,10 |
1,31 |
1,98 |
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Current ratio |
Units |
1,18 |
1,04 |
1,05 |
1,14 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,18 |
0,88 |
1,05 |
1,09 |
|
Structure's primary quotient |
Units |
1,24 |
1,04 |
1,25 |
1,29 |
|
Treasury's primary quotient |
Units |
0,23 |
0,25 |
0,09 |
0,10 |
|
Rate of indebtedness ( Leverage ) |
% |
219,74 |
244,78 |
239,10 |
491,47 |
|
Current Capital ( net ) |
Value |
18.785 |
4.395 |
5.135 |
35.543 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
10,71 |
16,68 |
11,25 |
3,05 |
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Return on Equity - Net- ( R.O.E. ) |
% |
4,55 |
7,67 |
14,51 |
7,55 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
16,80 |
20,03 |
32,57 |
24,65 |
|
Return on Investment ( R.O.I. ) |
% |
11,43 |
13,07 |
18,36 |
3,78 |
|
Return/ Sales |
% |
11,14 |
22,10 |
13,55 |
3,83 |
|
Extra Management revenues/charges incid. |
% |
18,12 |
23,97 |
33,06 |
32,71 |
|
Cash Flow |
Value |
22.268 |
21.431 |
29.247 |
20.105 |
|
Operating Profit |
Value |
23.165 |
28.384 |
35.229 |
19.999 |
|
Gross Operating Margin |
Value |
41.235 |
43.010 |
52.828 |
36.669 |
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MANAGEMENT |
|
|
|
|
|
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Credits to clients average term |
Days |
135,87 |
147,71 |
78,24 |
125,36 |
|
Debts to suppliers average term |
Days |
210,24 |
244,91 |
131,48 |
114,98 |
|
Average stock waiting period |
Days |
n.c. |
52,20 |
n.c. |
14,52 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,03 |
0,59 |
1,35 |
1,20 |
|
Rate of stock return |
Units |
n.c. |
6,90 |
n.c. |
22,80 |
|
Labour cost incidence |
% |
14,26 |
20,56 |
15,69 |
21,33 |
|
Net financial revenues/ charges incidence |
% |
-3,69 |
-8,26 |
-3,50 |
-0,41 |
|
Labour cost on purchasing expenses |
% |
16,05 |
19,83 |
17,19 |
18,51 |
|
Short-term financing charges |
% |
7,53 |
8,68 |
8,60 |
1,38 |
|
Capital on hand |
% |
97,49 |
169,11 |
73,82 |
83,01 |
|
Sales pro employee |
Value |
207.884 |
128.452 |
259.946 |
170.908 |
|
Labour cost pro employee |
Value |
29.652 |
26.407 |
40.785 |
34.338 |
Our Company collects data from public
registers, lists, archives or contained in Acts and/or documents (held by the
National Chamber of Commerce or Immovables Territorial Agency), users,
reporters or however generally accessible (for example, from categorical lists,
statistical institutes, press reports and from public inspection internet
sites).
The present report is supplied for Your
exclusive use and is bond to the general conditions of the contract. Personal
Data collection and treatment, reported, are conform to our company's
activities and to Your mandate conferred to us by Your request, for the
purposes in relation to Marketing Management, Sales and Monetary Administration.
It does not contain, nor could contain, information cancelled by a justified
opposition right.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.14 |
|
|
1 |
Rs.86.00 |
|
Euro |
1 |
Rs.68.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.