|
Report Date : |
09.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
GUIDO FALCINI - S.P.A. |
|
|
|
|
Registered Office : |
Via Dim ezzo 8/10 50013, Campi Besenzio (FI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
12.09.1980 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
Wholesale of skins and untreated and treated leather |
|
|
|
|
No. of Employees : |
5 |
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 |
|
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 |
|
Guido
Falcini - S.p.a. |
|
Via |
Di Mezzo, |
8/10 S. MARTINO |
|
50013 |
- Campi Bisenzio |
(FI) |
-IT- |
|
Fiscal Code |
: |
03016730487 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
12/09/1980 |
|
Equity |
: |
300.000 |
|
Turnover Range |
: |
3.000.000/3.750.000 |
|
Number of Employees |
: |
from 1 to 5 |
Wholesale of skins and untreated and treated leather (except skins for furs)
Legal Form : Joint stock company
|
Fiscal Code : 03016730487 |
|
Foreign Trade Reg. no. :
FI007950 since 18/12/1991 |
|
Chamber of Commerce no. : 294103
of since 02/05/1980 |
|
Firms' Register : FI017-29904
of since 19/02/1996 |
|
V.A.T. Code : 03016730487 |
|
Foundation date |
: 08/02/1980 |
|
|
Establishment date |
: 08/02/1980 |
|
|
Start of Activities |
: 12/09/1980 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 208.000 |
|
|
Subscribed Capital |
: 208.000 |
|
|
Paid up Capital |
: 208.000 |
|
|
|
Falcini |
Giovanni |
|
|
|
Born in Campi Bisenzio |
(FI) |
on 27/12/1943 |
- Fiscal Code :
FLCGNN43T27B507O |
|
|
|
Residence: |
|
Di Mezzo |
, 6 |
- 50013 |
Campi Bisenzio |
(FI) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Sole Director |
30/04/2010 |
|
|
|
|
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 |
|
Falcini Giovanni |
Campi Bisenzio - IT - |
FLCGNN43T27B507O |
156.873
.Eur |
75,42 |
|
Bargioni Mario |
|
BRGMRA58E15D612Q |
51.127
.Eur |
24,58 |
The Company under review has
participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal
Code |
Owned
Shares Amount |
%
Ownership |
since
|
until
|
Share
Status |
|
PROMO PIANA S.C.R.L. |
Campi Bisenzio - IT - |
04881820486 |
258
.Eur |
1,63 |
|
|
Active |
In order to carry out its
activities the firm uses the following locations:
|
- |
Legal
and operative seat |
|
since 12/09/1980 |
|
|
|
|
|
|
Di Mezzo |
, 8/10 |
- 50013 |
- Campi Bisenzio |
(FI) |
- IT - |
|
|
|
|
PHONE |
: 0558960331 |
|
|
|
|
FAX |
: 0558960354 |
|
|
|
|
Email |
: GUIDOFALCINI@LEGALMAIL.IT |
|
- |
Branch |
(Store) |
since 01/03/1983 |
|
|
|
|
|
|
Di Mezzo |
, 6/8 |
- 50013 |
- Campi Bisenzio |
(FI) |
- IT - |
|
|
|
|
PHONE |
: 0558960331 |
|
- |
Branch |
(Store) |
since 01/03/1983 |
|
|
|
|
|
|
S. Martino |
, 125 |
- 50013 |
- Campi Bisenzio |
(FI) |
- IT - |
|
|
|
|
PHONE |
: 0558960331 |
|
- |
Branch |
(Store) |
since 01/01/1998 |
|
|
|
|
|
|
Di Mezzo |
, 12 |
- 50013 |
- Campi Bisenzio |
(FI) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 02/04/2001 |
|
|
|
|
|
|
B. Buozzi |
, 268 |
- 50013 |
- Campi Bisenzio |
(FI) |
- IT - |
|
|
|
|
Employees |
: 5 |
|
Fittings and Equipment for a
value of 70.000 |
Eur |
|
Stocks for a value of 960.000 |
Eur |
|
|
The firm operates abroad as
importer..
To purchase foreign products the
firm uses the following channels :
|
- distributors |
Export represents up to 20% of
the global turnover.
Import comes generally from the
following nations:
|
- Italy |
CHANGES
TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement
Date |
|
Limited liability company |
Joint stock company |
12/09/1980 |
EX-MEMBERS
/ EX-POSITIONS:
|
|
Falcini
Giuseppe |
|
|
|
|
Born in Campi Bisenzio |
(FI) |
on 21/01/1942 |
- Fiscal Code : FLCGPP42A21B507U |
|
Ex-Postions |
|
Managing Director |
|
|
Mochi |
Lorenzo |
|
|
|
Born in Radda in Chianti |
(SI) |
on 09/05/1945 |
- Fiscal Code :
MCHLNZ45E09H153A |
|
|
|
Residence: |
|
Guelfa |
, 116 |
- 50100 |
Firenze |
(FI) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Squilloni
Falcini Giuletta |
|
|
|
|
Born in Campi Bisenzio |
(FI) |
on 24/03/1915 |
- Fiscal Code :
SQLGTT15C64B507X |
|
Ex-Postions |
|
Managing Director |
|
|
Calabrese |
Rodolfo |
|
|
|
Born in Messina |
(ME) |
on 25/12/1939 |
- Fiscal Code :
CLBRLF39T25F158M |
|
|
|
Residence: |
|
Masaccio |
, 192 |
- 50100 |
Firenze |
(FI) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
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 is active since 1980
The eonomic-financial analysis
is based on the latest 3 b/s.
Under the financial profile
unstable results are noted. anyway in 2011 a positive result was achieved
(r.o.e. 8,01%). Upward trend as to the turnover in the last financial year
(+15,98%).
The operating result was
positive in the last financial year (5,69%) and in line with the sector's
average.
The amount of the operating
result is equal to Eur. 144.148 on stable levels if compared to the previous
year.
The G.O.M. amounted to Eur.
163.737 on the same levels as the previous financial year.
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 6,45 with an upward trend.
With regard to equity capital,
an amount of Eur. 293.811 is registered. on the same levels as the year before.
Total debts recorded amounted to
Eur. 1.966.702 (Eur. 60.748 of which were m/l term debts) , with no sensible
variation.
Bank borrowings' volume is
slightly high but the recourse to suppliers' credit is modest below field's
average.
The management determines a good
range of liquidity.
Due from customers average term
is high and equal to 119,55 days. and higher than the average of the sector.
During financial year 2011 the
cash flow amounted to Eur. 43.118
Labour cost amounts to Eur.
249.930, with a 7,24% incidence on production costs. and a 6,97% incidence on
sales volumes.
Financial charges have a high
incidence (-1,78%) on turnover figures.
|
|
|
Complete balance-sheet for the
year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
3.583.632 |
|
Profit (Loss) for the period |
23.529 |
|
|
|
Complete balance-sheet for the
year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
3.089.769 |
|
Profit (Loss) for the period |
68.493 |
|
|
|
Complete balance-sheet for the
year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.890.648 |
|
Profit (Loss) for the period |
-54.080 |
|
|
|
Complete balance-sheet for the
year |
31/12/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.147.050 |
|
Profit (Loss) for the period |
-7.185 |
|
|
|
Complete balance-sheet for the
year |
31/12/2007 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.724.809 |
|
Profit (Loss) for the period |
30.011 |
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 |
|
-
Balance Sheet as at 31/12/2009 - 12 Mesi - Currency: - Amounts x 1 |
|
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|
|
RATIOS |
Value Type |
as
at 31/12/2011 |
as
at 31/12/2010 |
as
at 31/12/2009 |
Sector
Average |
|
COMPOSITION
ON INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,02 |
0,02 |
0,02 |
0,11 |
|
Elasticity Ratio |
Units |
0,98 |
0,98 |
0,98 |
0,87 |
|
Availability of stock |
Units |
0,38 |
0,47 |
0,48 |
0,17 |
|
Total Liquidity Ratio |
Units |
0,60 |
0,51 |
0,50 |
0,61 |
|
Quick Ratio |
Units |
0,00 |
0,00 |
0,01 |
0,03 |
|
COMPOSITION
ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
6,45 |
6,10 |
6,64 |
3,90 |
|
Self Financing Ratio |
Units |
0,12 |
0,12 |
0,10 |
0,17 |
|
Capital protection Ratio |
Units |
0,21 |
-0,05 |
0,21 |
0,66 |
|
Liabilities consolidation
quotient |
Units |
0,16 |
0,22 |
0,28 |
0,09 |
|
Financing |
Units |
6,69 |
6,61 |
7,20 |
4,57 |
|
Permanent Indebtedness Ratio |
Units |
0,24 |
0,27 |
0,30 |
0,28 |
|
M/L term Debts Ratio |
Units |
0,12 |
0,16 |
0,19 |
0,06 |
|
Net Financial Indebtedness
Ratio |
Units |
4,60 |
3,44 |
4,49 |
0,96 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
13,99 |
12,90 |
16,05 |
2,10 |
|
Current ratio |
Units |
1,30 |
1,37 |
1,42 |
1,13 |
|
Acid Test Ratio-Liquidity
Ratio |
Units |
0,80 |
0,71 |
0,72 |
0,86 |
|
Structure's primary quotient |
Units |
6,86 |
5,50 |
5,58 |
1,34 |
|
Treasury's primary quotient |
Units |
0,01 |
0,00 |
0,01 |
0,05 |
|
Rate of indebtedness ( Leverage
) |
% |
862,47 |
854,75 |
972,46 |
587,66 |
|
Current Capital ( net ) |
Value |
579.580 |
591.562 |
555.475 |
135.886 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
1,20 |
2,65 |
-2,39 |
1,61 |
|
Return on Equity - Net- (
R.O.E. ) |
% |
8,01 |
25,90 |
-27,66 |
5,01 |
|
Return on Equity - Gross - (
R.O.E. ) |
% |
22,34 |
44,85 |
-8,97 |
13,67 |
|
Return on Investment ( R.O.I.
) |
% |
5,69 |
5,85 |
-2,29 |
4,30 |
|
Return/ Sales |
% |
4,02 |
4,28 |
-2,30 |
2,39 |
|
Extra Management revenues/charges
incid. |
% |
16,32 |
51,81 |
n.c. |
27,17 |
|
Cash Flow |
Value |
43.118 |
81.731 |
-45.218 |
47.597 |
|
Operating Profit |
Value |
144.148 |
132.208 |
-43.504 |
71.380 |
|
Gross Operating Margin |
Value |
163.737 |
145.446 |
-34.642 |
124.518 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average
term |
Days |
119,55 |
113,00 |
159,09 |
90,43 |
|
Debts to suppliers average
term |
Days |
60,34 |
88,36 |
118,92 |
76,51 |
|
Average stock waiting period |
Days |
96,27 |
123,02 |
174,90 |
37,27 |
|
Rate of capital employed
return ( Turnover ) |
Units |
1,41 |
1,37 |
0,99 |
1,64 |
|
Rate of stock return |
Units |
3,74 |
2,93 |
2,06 |
9,56 |
|
Labour cost incidence |
% |
6,97 |
8,87 |
14,46 |
4,81 |
|
Net financial revenues/
charges incidence |
% |
-1,78 |
-1,59 |
-4,03 |
-0,99 |
|
Labour cost on purchasing
expenses |
% |
7,24 |
9,26 |
14,14 |
4,83 |
|
Short-term financing charges |
% |
3,26 |
2,80 |
5,42 |
2,90 |
|
Capital on hand |
% |
70,71 |
73,15 |
100,57 |
60,86 |
|
Sales pro employee |
Value |
511.947 |
386.221 |
236.331 |
686.413 |
|
Labour cost pro employee |
Value |
35.704 |
34.268 |
34.178 |
33.271 |
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.