MIRA INFORM REPORT
|
Report Date : |
21.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
CANNATA S.R.L. BAKERY E PASTRY |
|
|
|
|
Registered Office : |
Via N. Balcescu, 42, 90100 - Palermo
(PA) |
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|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
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Date of Incorporation : |
16.09.2004 |
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|
|
|
Legal Form : |
Limited Liability Company |
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|
|
Line of Business : |
Wholesale of sugar and
chocolate and sugar confectionery |
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|
|
|
No. of Employees : |
06 to 10 employees |
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 |
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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
Cannata S.r.l. Bakery E Pastry
Via N. Balcescu, 42
90100 - Palermo (PA) -IT-
Summary
|
Fiscal Code |
: |
05339260829 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
01/12/2004 |
|
Equity |
: |
200.000 |
|
Turnover Range |
: |
3.750.000/5.000.000 |
|
Number of Employees |
: |
from 6 to 10 |
Activity
Wholesale of sugar and chocolate
and sugar confectionery
Non-specialised wholesale of
food, beverages and tobacco
Legal Data
Legal Form : Limited liability
company
|
Fiscal Code : 05339260829 |
|
Chamber of Commerce no. : 248927 of since
27/09/2004 |
|
V.A.T. Code : 05339260829 |
|
Foundation date |
: 16/09/2004 |
|
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Establishment date |
: 16/09/2004 |
|
|
Start of Activities |
: 01/12/2004 |
|
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Legal duration |
: 31/12/2050 |
|
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Nominal Capital |
: 100.000 |
|
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Subscribed Capital |
: 100.000 |
|
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Paid up Capital |
: 25.000 |
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Members
|
|
Cannata |
Luigi |
|
|
|
Born in Palermo |
(PA) |
on 14/05/1984 |
- Fiscal Code : CNNLGU84E14G273V |
|
|
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Residence: |
|
E. Di Blasi |
, 98/A |
- 90100 |
Palermo |
(PA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
16/09/2004 |
|
|
|
Person in charge |
01/12/2004 |
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|
|
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No
Prejudicial events are reported |
|
|
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 |
|
Cannata Giuseppe |
Palermo - IT - |
CNNGPP49T25G273E |
12.500 .Eur |
50,00 |
|
Cannata Luigi |
Palermo - IT - |
CNNLGU84E14G273V |
12.500 .Eur |
50,00 |
Direct Participations
The Company under review has no participations
in other Companies.
Firm's location and structure
In order to carry out its
activities the firm uses the following locations:
|
- |
Legal and
operative seat |
|
|
|
|
|
|
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N. Balcescu |
, 42 |
- 90100 |
- Palermo |
(PA) |
- IT - |
|
|
|
|
PHONE |
: 0916816767 |
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|
|
|
Employees |
: 8 |
|
|
|
|
Assistants |
: 1 |
|
Fittings and Equipment for a value of
110.000 |
Eur |
|
Stocks for a value of 420.000 |
Eur |
Protests
Protests checking on the subject
firm has given a negative result.
Data Base Prejudicial Events
Search
Search performed on a National
Scale
|
|
|
Prejudicial
Events Search Result: NEGATIVE |
Search performed on a
specialized data base.
Legal Procedures
None reported, standing to the
latest received edition of the Official Publications.
Financial and Economical Analysis
Subject is active since 2004
Balance sheets for the years
2009, 2010 and 2011 were analyzed.
Under an economic point of view,
profits were registered during the last years with a r.o.e. of 25,28% in 2011
and during the last financial year an increase in sales volume was registered
(+25,28% in 2011).
The operating result in 2011 was
positive (4,42%) and in line with the sector's average.
The amount of the operating
result for the year 2011 is of Eur. 88.434 with no increase in relation to the
financial year 2010.
The G.O.M. amounted to Eur.
118.490 on the same levels as the previous financial year.
The ratio between shareholder's
equity and borrowed capital is not well balanced, the indebtedness level is
equal to 7,61 increasing as against 2010.
With regard to equity capital,
an amount of Eur. 158.125 is registered. , falling in comparison with the year
before.
In the year 2011 total debts
amounted to Eur. 1.793.079 on the same levels as the year before.
Current liquid assets is
positive.
As far as the cash flow is
concerned during the latest financial year it amounted to Eur. 70.026
In the last financial year
labour cost was of Eur. 190.903, with a 4,23% incidence on total costs of
production. , whereas the incidence of such costs on sales revenues is equal to
4,16%.
Limited financial charges in
relation to sales volume.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.590.182 |
|
Profit (Loss) for the period |
39.970 |
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
3.663.678 |
|
Profit (Loss) for the period |
38.619 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
3.830.818 |
|
Profit (Loss) for the period |
44.858 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
3.186.542 |
|
Profit (Loss) for the period |
39.806 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.363.533 |
|
Profit (Loss) for the period |
32.160 |
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 |
|
- 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 |
0,06 |
0,08 |
0,10 |
0,13 |
|
Elasticity Ratio |
Units |
0,94 |
0,92 |
0,90 |
0,85 |
|
Availability of stock |
Units |
0,21 |
0,21 |
0,21 |
0,16 |
|
Total Liquidity Ratio |
Units |
0,73 |
0,71 |
0,69 |
0,62 |
|
Quick Ratio |
Units |
0,13 |
0,16 |
0,13 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
7,61 |
4,40 |
5,11 |
5,02 |
|
Self Financing Ratio |
Units |
0,08 |
0,12 |
0,14 |
0,13 |
|
Capital protection Ratio |
Units |
0,11 |
0,38 |
0,36 |
0,58 |
|
Liabilities consolidation quotient |
Units |
0,26 |
0,26 |
0,02 |
0,10 |
|
Financing |
Units |
11,34 |
7,04 |
6,05 |
6,17 |
|
Permanent Indebtedness Ratio |
Units |
0,27 |
0,31 |
0,16 |
0,25 |
|
M/L term Debts Ratio |
Units |
0,19 |
0,18 |
0,02 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
0,00 |
1,16 |
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CORRELATION |
|
|
|
|
|
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Fixed assets ratio |
Units |
4,41 |
4,00 |
1,50 |
1,57 |
|
Current ratio |
Units |
1,28 |
1,33 |
1,06 |
1,09 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,99 |
1,02 |
0,82 |
0,85 |
|
Structure's primary quotient |
Units |
1,31 |
1,60 |
1,34 |
0,96 |
|
Treasury's primary quotient |
Units |
0,18 |
0,23 |
0,16 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
1264,60 |
820,59 |
717,30 |
743,68 |
|
Current Capital ( net ) |
Value |
411.792 |
422.058 |
85.129 |
70.465 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
1,53 |
1,93 |
1,89 |
1,66 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
25,28 |
17,20 |
19,82 |
6,68 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
50,78 |
34,25 |
35,35 |
19,39 |
|
Return on Investment ( R.O.I. ) |
% |
4,42 |
4,49 |
5,60 |
3,84 |
|
Return/ Sales |
% |
1,93 |
2,26 |
2,37 |
2,16 |
|
Extra Management revenues/charges incid. |
% |
45,20 |
46,64 |
49,32 |
28,56 |
|
Cash Flow |
Value |
70.026 |
70.657 |
72.390 |
48.046 |
|
Operating Profit |
Value |
88.434 |
82.794 |
90.954 |
59.910 |
|
Gross Operating Margin |
Value |
118.490 |
114.832 |
118.486 |
99.701 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
n.c. |
93,30 |
81,82 |
86,56 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
115,55 |
100,32 |
|
Average stock waiting period |
Days |
33,21 |
38,77 |
31,42 |
31,97 |
|
Rate of capital employed return ( Turnover
) |
Units |
2,30 |
1,99 |
2,36 |
1,82 |
|
Rate of stock return |
Units |
10,84 |
9,29 |
11,46 |
11,18 |
|
Labour cost incidence |
% |
4,16 |
5,26 |
4,45 |
5,95 |
|
Net financial revenues/ charges incidence |
% |
-0,18 |
-0,16 |
-0,29 |
-0,81 |
|
Labour cost on purchasing expenses |
% |
4,23 |
5,37 |
4,53 |
5,95 |
|
Short-term financing charges |
% |
0,45 |
0,37 |
0,80 |
2,18 |
|
Capital on hand |
% |
43,56 |
50,30 |
42,38 |
54,67 |
|
Sales pro employee |
Value |
918.036 |
610.613 |
766.163 |
507.074 |
|
Labour cost pro employee |
Value |
38.180 |
32.107 |
34.112 |
32.650 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.70 |
|
UK Pound |
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.85 |
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.