|
Report Date : |
20.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
MICROTECH S.R.L. |
|
|
|
|
Registered Office : |
Corso Pisani,22 90100- Palermo (PA) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
27.03.1997 |
|
|
|
|
Com. Reg. No.: |
40493 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of Electronic Components |
|
|
|
|
No. of Employees : |
From 1 to 5 |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
35.000
Eur. |
|
Status : |
Small Company |
|
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 September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Microtech S.r.l.
Corso Pisani,22
90100- Palermo(PA)-IT-
|
Fiscal Code |
: |
04066510829 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
27/03/1997 |
|
Equity |
: |
500.000 Eur |
|
Turnover Range |
: |
750.000/1.000.000 Eur |
|
Number of Employees |
: |
from 1 to 5 |
|
Credit Opinion |
: |
35.000 - Eur |
|
|
Manufacture of electronic components
Legal Form : Limited liability company
|
Fiscal Code : 04066510829 |
|
Chamber of Commerce no. : 170841 of Palermo since 20/04/1993 |
|
Firms' Register : 40493 |
|
V.A.T. Code : 04066510829 |
|
Establishment date |
: 30/11/1992 |
|
|
Start of Activities |
: 27/03/1997 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 51.650 |
Eur |
|
Subscribed Capital |
: 51.650 |
Eur |
|
Paid up Capital |
: 51.650 |
Eur |
|
|
Virzi' |
Paolo |
|
|
|
Born in Napoli |
(NA) |
on 12/12/1959 |
- Fiscal Code : VRZPLA59T12F839D |
|
|
|
Residence : |
Via |
Del Fervore |
, 7 |
- 90141 |
Palermo |
(PA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/10/2009 |
|
|
|
|
No Protests registered |
|
|
Arnone |
Claudio |
|
|
|
Born in Palermo |
(PA) |
on 04/09/1954 |
- Fiscal Code : RNNCLD54P04G273A |
|
|
|
Residence : |
Piazza |
Giovanni Amendola |
, 31 |
- 90141 |
Palermo |
(PA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
29/10/2009 |
|
|
|
|
No Protests registered |
|
|
Lullo |
Giuseppe |
|
|
|
Born in Palermo |
(PA) |
on 17/07/1965 |
- Fiscal Code : LLLGPP65L17G273G |
|
|
|
Residence : |
Via |
A. Pacinotti |
, 94 |
- 90145 |
Palermo |
(PA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/10/2009 |
|
|
|
|
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 |
|
Borsellino Fabio |
Roma - IT - |
BRSFBA63S20G273O |
10.330 .Eur |
20,00 |
|
Arnone Claudio |
Palermo - IT - |
RNNCLD54P04G273A |
6.198 .Eur |
12,00 |
|
Lullo Giuseppe |
Palermo - IT - |
LLLGPP65L17G273G |
14.462 .Eur |
28,00 |
|
Perricone Rosella |
|
PRRRLL62H62G273A |
11.363 .Eur |
22,00 |
|
Giaconia Giuseppecostantino |
|
GCNGPP63T23C351M |
2.582 .Eur |
5,00 |
|
Migliavacca Paolo Maria |
|
MGLPMR65B10Z514S |
6.714 .Eur |
13,00 |
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 |
|
|
|
|
|
|
Corso |
Pisani |
, 22 |
- 90100 |
- Palermo |
(PA) |
- IT - |
|
|
|
|
PHONE |
: 091/6571386 |
|
- |
Branch |
(Administrative office ) |
since 01/08/2004 |
|
|
|
|
|
Via |
Duca Della Verdura |
, 69 |
- 90100 |
- Palermo |
(PA) |
- IT - |
|
|
|
|
Employees |
: 2 |
|
Stocks for a value of 92.000 |
Eur |
|
|
Protests checking on the subject firm has given a negative result.
None reported, standing to the latest received edition of the Official
Publications.
The company is active since 1997
The analysis is based on the latest 3 balance sheets.
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 36,52% in 2010 with an increase in 2010 (more then
100%).
The operating result was positive in the last financial year (32,35%)
and even better than sector's average.
An operating result of Eur. 235.636 has been registered. increasing if
compared to the yeart 2009.
A gross operating margine for a value of Eur. 268.609 was reached. with
a more then 100% increase as opposed to the preceding year.
The company has an excellent net worth if compared to its debts, with a
low indebtedness (0,38) and with an upward trend compared to the previous year.
The management generated equity capital for an amount of Eur. 404.148 ,
increasing by 57,53% if compared to the year before.
Total indebtedness was equal to Eur. 288.124 (Eur. 134.928 was the value
of m/l term debts) with a growth equal to 49,71%.
Current liquid assets is positive.
2010 financial year closed with a cash flow of Eur. 180.577
During 2010 financial year labour costs amounted to Eur. 107.194, with a
14,69% incidence on production costs. and a 11,11% incidence on sales volumes.
The financial management has a limited economic impact, equal to -1,03%
on the sales.
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
965.133 |
|
Profit (Loss) for the period |
147.604 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
420.882 |
|
Profit (Loss) for the period |
30.893 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
561.707 |
|
Profit (Loss) for the period |
88.034 |
From our constant monitoring of the relevant Public Administration
offices, no more recent balance sheets result to have been filed.
|
- Balance Sheet as at 31/12/2010 - 12 Mesi - Currency: Eur - Amounts x
1 |
|
- Balance Sheet as at 31/12/2009 - 12 Mesi - Currency: Eur - Amounts x
1 |
|
- Balance Sheet as at 31/12/2008 - 12 Mesi - Currency: Eur - 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 |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,12 |
0,25 |
0,27 |
0,22 |
|
Elasticity Ratio |
Units |
0,88 |
0,75 |
0,73 |
0,76 |
|
Availability of stock |
Units |
0,13 |
0,32 |
0,14 |
0,19 |
|
Total Liquidity Ratio |
Units |
0,76 |
0,43 |
0,59 |
0,52 |
|
Quick Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,03 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
0,38 |
0,67 |
0,95 |
2,39 |
|
Self Financing Ratio |
Units |
0,55 |
0,55 |
0,44 |
0,22 |
|
Capital protection Ratio |
Units |
0,51 |
0,68 |
0,38 |
0,65 |
|
Liabilities consolidation quotient |
Units |
1,00 |
0,20 |
0,26 |
0,23 |
|
Financing |
Units |
0,71 |
0,75 |
1,14 |
3,19 |
|
Permanent Indebtedness Ratio |
Units |
0,77 |
0,62 |
0,55 |
0,42 |
|
M/L term Debts Ratio |
Units |
0,21 |
0,07 |
0,11 |
0,13 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
0,32 |
0,64 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
6,52 |
2,45 |
2,04 |
1,80 |
|
Current ratio |
Units |
4,19 |
2,03 |
1,75 |
1,30 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
3,60 |
1,16 |
1,41 |
0,92 |
|
Structure's primary quotient |
Units |
4,72 |
2,15 |
1,64 |
1,08 |
|
Treasury's primary quotient |
Units |
0,01 |
0,01 |
0,00 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
180,24 |
182,90 |
228,07 |
456,81 |
|
Current Capital ( net ) |
Value |
489.264 |
177.365 |
161.118 |
682.896 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
18,71 |
13,14 |
20,10 |
4,56 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
36,52 |
12,04 |
39,01 |
6,81 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
55,85 |
19,80 |
58,13 |
18,85 |
|
Return on Investment ( R.O.I. ) |
% |
32,35 |
12,20 |
25,98 |
5,41 |
|
Return/ Sales |
% |
24,41 |
13,60 |
23,81 |
4,75 |
|
Extra Management revenues/charges incid. |
% |
62,64 |
53,97 |
65,84 |
35,79 |
|
Cash Flow |
Value |
180.577 |
55.314 |
112.907 |
237.257 |
|
Operating Profit |
Value |
235.636 |
57.241 |
133.719 |
228.892 |
|
Gross Operating Margin |
Value |
268.609 |
81.662 |
158.592 |
406.634 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
n.c. |
n.c. |
120,69 |
118,40 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
73,83 |
128,10 |
|
Average stock waiting period |
Days |
34,17 |
127,40 |
47,18 |
54,07 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,32 |
0,90 |
1,09 |
1,13 |
|
Rate of stock return |
Units |
10,54 |
2,83 |
7,63 |
6,62 |
|
Labour cost incidence |
% |
11,11 |
18,47 |
5,29 |
18,32 |
|
Net financial revenues/ charges incidence |
% |
- 1,03 |
- 1,60 |
- 0,45 |
- 1,25 |
|
Labour cost on purchasing expenses |
% |
14,69 |
20,18 |
6,26 |
17,78 |
|
Short-term financing charges |
% |
3,59 |
3,51 |
0,99 |
3,03 |
|
Capital on hand |
% |
75,47 |
111,49 |
91,62 |
88,55 |
|
Sales pro employee |
Value |
321.711 |
210.441 |
561.707 |
190.737 |
|
Labour cost pro employee |
Value |
35.731 |
38.873 |
29.737 |
33.795 |
On the basis of the above mentioned, and the sales volume obtained, we
deem that the maximum exposure for short and medium term transactions ( 90 -
120 days ) could be of:
35.000 Eur.
|
Population living in the province |
: |
1.239.272 |
|
Population living in the region |
: |
5.013.081 |
|
Number of families in the region |
: |
1.842.252 |
Monthly family expences average in the region (in Eur.) :
|
- per food products |
: |
425 |
|
- per non food products |
: |
1.256 |
|
- per energy consume |
: |
69 |
The values are calculated on a base of 949 significant companies.
The companies cash their credits on an average of 118 dd.
The average duration of suppliers debts is about 128 dd.
The sector's profitability is on an average of 4,56%.
The labour cost affects the turnover in the measure of 18,32%.
Goods are held in stock in a range of 54 dd.
The difference between the sales volume and the resources used to
realize it is about 1,13.
The employees costs represent the 17,78% of the production costs.
The area is statistically considered remarkably risky.
In the region 54.738 protested subjects are found; in the province they
count to 15.321.
The insolvency index for the region is 1,09, , while for the province it
is 1,24.
Total Bankrupt companies in the province : 4.221.
Total Bankrupt companies in the region : 14.491.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.21 |
|
|
1 |
Rs.77.75 |
|
Euro |
1 |
Rs.64.58 |
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 SCs 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.