|
Report Date : |
31.12.2012 |
IDENTIFICATION DETAILS
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Name : |
BENZLERS ITALIA S.R.L. UNIPERSONALE |
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|
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Registered Office : |
Viale Romagna, 7 20089 – Rozzano (MI) |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
01.02.2012 |
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Legal Form : |
Sole-Member Limited Liability Company |
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Line of Business : |
Wholesale of machine tools |
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No. of Employees : |
From 1 to 5 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Status : |
Recently Commenced Business Activities |
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Payment Behaviour : |
Unknown |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Italy |
A2 |
A2 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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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 |
ITALY - ECONOMIC OVERVIEW
Italy has a diversified industrial
economy, which is divided into a developed industrial north, dominated by
private companies, and a less-developed, welfare-dependent, agricultural south,
with high unemployment. The Italian economy is driven in large part by the
manufacture of high-quality consumer goods produced by small and medium-sized
enterprises, many of them family owned. Italy also has a sizable underground
economy, which by some estimates accounts for as much as 17% of GDP. These
activities are most common within the agriculture, construction, and service
sectors. Italy is the third-largest economy in the euro-zone, but exceptionally
high public debt burdens and structural impediments to growth have rendered it
vulnerable to scrutiny by financial markets. Public debt has increased steadily
since 2007, reaching 120% of GDP in 2011, and borrowing costs on sovereign
government debt have risen to record levels. During the second half of 2011 the
government passed a series of three austerity packages to balance its budget by
2013 and decrease its public debt burden. These measures included a hike in the
value-added tax, pension reforms, and cuts to public administration. The
government also faces pressure from investors and European partners to address
Italy's long-standing structural impediments to growth, such as an inflexible
labor market and widespread tax evasion. The international financial crisis
worsened conditions in Italy's labor market, with unemployment rising from 6.2%
in 2007 to 8.4% in 2011, but in the longer-term Italy's low fertility rate and
quota-driven immigration policies will increasingly strain its economy. The
euro-zone crisis along with Italian austerity measures have reduced exports and
domestic demand, slowing Italy's recovery. Italy's GDP is still 5% below its
2007 pre-crisis level.
Source
: CIA
Benzlers Italia S.r.l. Unipersonale
Viale Romagna, 7
20089 – Rozzano (MI) -IT-
|
Fiscal Code |
: |
07609470963 |
|
Legal Form |
: |
Sole-Member Limited Liability Company |
|
start of Activities |
: |
01/02/2012 |
|
Equity |
: |
15.000 |
|
Turnover Range |
: |
10.000/15.000 |
|
Number of Employees |
: |
from 1 to 5 |
|
Please note that 2012 accounts relate to 1 month of activity being the
subject |
|
founded in February and the closing of the accounts fixed at
31.3.2012. |
Wholesale of machine tools
Legal Form : Sole-Member Limited Liability Company
|
Fiscal Code : 07609470963 |
|
Chamber of Commerce no. : 1971616 of since 27/01/2012 |
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V.A.T. Code : 07609470963 |
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Establishment date |
: 15/11/2011 |
|
|
Start of Activities |
: 01/02/2012 |
|
|
Legal duration |
: 31/12/2050 |
|
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Nominal Capital |
: 10.000 |
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Subscribed Capital |
: 10.000 |
|
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Paid up Capital |
: 10.000 |
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Aktiebolaget Benzlers |
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|
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Position |
Since |
Shares Amount |
% Ownership |
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Sole partner |
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|
|
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No Prejudicial events are reported |
|
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No Protests registered |
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Amin |
Prashant Chandrakant |
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|
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Born in Tata Nagar |
( ) |
on 09/08/1956 |
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|
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Residence: |
|
Romagna |
, 7 |
- 20089 |
Rozzano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
15/11/2011 |
|
|
|
Board Chairman |
15/11/2011 |
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|
|
|
No Protests registered |
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Cooper |
Mark Ashley |
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Born in Huddersfield |
( ) |
on 15/03/1961 |
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|
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Residence: |
|
Romagna |
, 7 |
- 20089 |
Rozzano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
15/11/2011 |
|
|
|
|
No Protests registered |
|
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Nidsjo |
Rolf Hakan |
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|
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Born in S: Pauli |
( ) |
on 29/03/1952 |
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|
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Residence: |
|
Romagna |
, 7 |
- 20089 |
Rozzano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
15/11/2011 |
|
|
|
|
No Protests registered |
|
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Patel |
Prayasvin Bhanubhai |
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|
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Born in Mumbai |
( ) |
on 03/04/1958 |
|
|
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Residence: |
|
Romagna |
, 7 |
- 20089 |
Rozzano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
15/11/2011 |
|
|
|
|
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 |
|
Aktiebolaget Benzlers |
|
07611910964 |
|
100,00 |
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 |
|
|
|
|
|
|
|
Romagna |
, 7 |
- 20089 |
- Rozzano |
(MI) |
- IT - |
|
|
|
|
Legal mail |
: BENZIERSITALIA@LEGALMAIL.IT |
|
|
|
|
Employees |
: 1 |
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 activity has only recently started.
The economic-financial analysis is based on the b/s of the year 2012.
The accounting period 2012 was marked by a loss.
The operating result is a loss (-4,44%).
The amount of the operating loss for 2012 is equal to Eur. -1.358.
With regard to GOM, subject closed 2012 financial account with a
negative result (Eur. -1.358).
Company's financial status is balanced since indebtedness is not high
(1,6)
Subject manages equity capital amounting to Eur. 8.642.
Total debts (both at Short and M/L terms) amount to Eur. 21.972.
The financial exposure is moderate, on the other hand the recourse to
commercial credit is high, with a high average payment period and higher than
sector's average.
Liquid assets are good.
Due from customers average term is high and equal to 435,6 days. also in
relation to the average of the sector.
Managerial cash flow has a minus sign and is equal to Eur. -1.358.
Labour cost expenses amount to Eur. 1.364 , representing 9,12% on the
total of production costs. , whereas the incidence of such costs on sales
revenues is equal to 10,03%.
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|
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Complete balance-sheet for the year |
31/03/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
13.600 |
|
Profit (Loss) for the period |
-1.358 |
From our constant monitoring of the relevant Public Administration
offices, no more recent balance sheets result to have been filed.
|
- Balance Sheet as at 31/03/2012 - 12 Mesi - Currency: - Amounts x 1 |
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RATIOS |
Value Type |
as at 31/03/2012 |
Sector Average |
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COMPOSITION ON
INVESTMENT |
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|
|
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Rigidity Ratio |
Units |
n.c. |
0,10 |
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Elasticity Ratio |
Units |
1,00 |
0,87 |
|
Availability of stock |
Units |
n.c. |
0,21 |
|
Total Liquidity Ratio |
Units |
1,00 |
0,61 |
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Quick Ratio |
Units |
0,27 |
0,03 |
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COMPOSITION ON
SOURCE |
|
|
|
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Net Short-term indebtedness |
Units |
1,60 |
4,04 |
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Self Financing Ratio |
Units |
0,28 |
0,16 |
|
Capital protection Ratio |
Units |
0,00 |
0,59 |
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Liabilities consolidation quotient |
Units |
n.c. |
0,11 |
|
Financing |
Units |
2,54 |
4,85 |
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Permanent Indebtedness Ratio |
Units |
0,28 |
0,26 |
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M/L term Debts Ratio |
Units |
n.c. |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
1,01 |
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CORRELATION |
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|
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Fixed assets ratio |
Units |
n.c. |
2,12 |
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Current ratio |
Units |
1,39 |
1,16 |
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Acid Test Ratio-Liquidity Ratio |
Units |
1,39 |
0,88 |
|
Structure's primary quotient |
Units |
n.c. |
1,40 |
|
Treasury's primary quotient |
Units |
0,37 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
354,25 |
620,22 |
|
Current Capital ( net ) |
Value |
8.642 |
131.414 |
|
RETURN |
|
|
|
|
Return on Sales (R.O.S.) |
% |
-9,99 |
2,27 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-15,71 |
6,70 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-15,71 |
18,85 |
|
Return on Investment ( R.O.I. ) |
% |
-4,44 |
4,76 |
|
Return/ Sales |
% |
-9,99 |
3,70 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
28,15 |
|
Cash Flow |
Value |
-1.358 |
39.655 |
|
Operating Profit |
Value |
-1.358 |
63.123 |
|
Gross Operating Margin |
Value |
-1.358 |
99.042 |
|
MANAGEMENT |
|
|
|
|
Credits to clients average term |
Days |
435,60 |
119,16 |
|
Debts to suppliers average term |
Days |
394,03 |
116,83 |
|
Average stock waiting period |
Days |
n.c. |
58,39 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,44 |
1,36 |
|
Rate of stock return |
Units |
n.c. |
6,14 |
|
Labour cost incidence |
% |
10,03 |
8,98 |
|
Net financial revenues/charges incidence |
% |
n.c. |
-1,08 |
|
Labour cost on purchasing expenses |
% |
9,12 |
8,98 |
|
Short-term financing charges |
% |
n.c. |
2,60 |
|
Capital on hand |
% |
225,10 |
73,17 |
|
Sales pro employee |
Value |
|
394.001 |
|
Labour cost pro employee |
Value |
|
34.340 |
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).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.85 |
|
|
1 |
Rs.88.39 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.