|
Report Date : |
28.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
MARMI LAME S.R.L. |
|
|
|
|
Registered Office : |
Via Dorsale,54 54100- Massa(MS) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
02.01.1967 |
|
|
|
|
Com. Reg. No.: |
MS010-1740 since 19/02/1996 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of other machine tools |
|
|
|
|
No. of Employees : |
from 11 to 15 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
190.000 - Eur |
|
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 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 |
Marmi Lame S.r.l.
Via Dorsale,54
54100- Massa(MS) -IT-
|
Fiscal Code |
: |
00061200457 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
02/01/1967 |
|
Equity |
: |
2.000.000 Eur |
|
Turnover Range |
: |
5.000.000/6.500.000 Eur |
|
Number of Employees |
: |
from 11 to 15 |
|
Credit Opinion |
: |
190.000 - Eur |
Cutting and carving of stone and marble
Production of abrasive products
Manufacture of other machine tools
Legal Form : Limited liability company
|
Fiscal Code : 00061200457 |
|
Foreign Trade Reg. no. : MS001408 since 05/12/1991 |
|
Chamber of Commerce no. : 56979 of Massa since 01/07/1966 |
|
Firms' Register : MS010-1740 since 19/02/1996 |
|
V.A.T. Code : 00061200457 |
|
Establishment date |
: 14/05/1966 |
|
|
Start of Activities |
: 02/01/1967 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 160.000 |
Eur |
|
Subscribed Capital |
: 160.000 |
Eur |
|
Paid up Capital |
: 160.000 |
Eur |
|
|
Piccinini |
Gabriella |
|
|
|
Born in Massa |
(MS) |
on 13/09/1942 |
- Fiscal Code : PCCGRL42P53F023Y |
|
|
|
Residence : |
Via |
Palestro |
, 33 |
- 54100 |
Massa |
(MS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
27/04/2009 |
|
|
|
Director |
27/04/2009 |
|
|
|
Board Chairman |
27/04/2009 |
|
|
|
|
No Protests registered |
|
|
Ciani |
Nicola |
|
|
|
Born in Firenze |
(FI) |
on 14/12/1970 |
- Fiscal Code : CNINCL70T14D612B |
|
|
|
Residence : |
Via |
Giovanni Pascoli |
, 36 |
- 54100 |
Massa |
(MS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
27/04/2009 |
|
|
|
Director |
27/04/2009 |
|
|
|
|
No Protests registered |
|
|
Manucci |
Alessandra |
|
|
|
Born in La Spezia |
(SP) |
on 28/04/1977 |
- Fiscal Code : MNCLSN77D68E463Y |
|
|
|
Residence : |
Via |
Pistoia |
, 5 |
- 54100 |
Massa |
(MS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
27/04/2009 |
|
|
|
|
No Protests registered |
*checkings have been performed on a national scale.
In this module are listed the companies in which members hold or have
holded positions.
|
|
CIANI |
NICOLA |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
CONSORZIO CON ATTIVITA' ESTERNA CARRARA EXPORT |
Carrara (MS) - IT - |
00630080455 |
Director |
Active |
Registered |
|
CONSORZIO CON ATTIVITA' ESTERNA CARRARA EXPORT |
Carrara (MS) - IT - |
00630080455 |
Assistant board
Chairman |
Active |
Registered |
The indication "REGISTERED" as Firm Status could refer to
Firms in Liquidation, Active, Inactive, etc.
For more information, in this case, we advise to request further
investigations.
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Piccinini Gabriella |
Massa - IT - |
PCCGRL42P53F023Y |
25.600 .Eur |
16,00 |
|
Ciani Nicola |
Massa - IT - |
CNINCL70T14D612B |
46.400 .Eur |
29,00 |
|
Ciani Francesca |
|
CNIFNC73P42B832U |
24.000 .Eur |
15,00 |
|
Ciani Gigliola |
|
CNIGLL79H49B832Y |
24.000 .Eur |
15,00 |
|
M.c. Di Manucci Alessandra E C. S.a.s. |
|
01013160450 |
40.000 .Eur |
25,00 |
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares
Amount |
% Ownership |
since |
until |
Share Status |
|
Internazionale Marmi E Macchine - Carrara S.p.a. |
Carrara - IT - |
00207170457 |
90 .Eur |
|
|
|
Active |
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
|
|
|
|
|
Via |
Dorsale |
, 54 |
- 54100 |
- Massa |
(MS) |
- IT - |
|
|
|
|
TELEX |
: 590011 |
|
|
|
|
PHONE |
: 0585/792792 |
|
|
|
|
Employees |
: 11 |
|
|
|
|
Assistants |
: 4 |
|
Fittings and Equipment for a value of 140.000 |
Eur |
|
Stocks for a value of 360.000 |
Eur |
|
|
The firm operates abroad as importer / exporter. .
Export represents up to 20% of the global turnover.
Products abroad are placed by :
|
- importers |
|
- its own agents |
|
- direct orders from foreign companies |
Export is mainly towards:
|
- Gabon |
|
- Austria |
|
- Irlanda |
EX-MEMBERS / EX-POSITIONS:
|
|
Ricci |
Antonella |
|
|
|
Born in Carrara |
on 10/06/1960 |
- Fiscal Code : RCCNNL60H50B832V |
|
|
|
Residence : |
Via |
Bonascola |
, 86/C |
- 54033 |
Carrara |
(MS) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Ciani |
Carlo Augusto |
|
|
|
Born in Massa |
on 16/03/1940 |
- Fiscal Code : CNICLG40C16F023Q |
|
|
|
Residence : |
Via |
Palestro |
, 33 |
- 54100 |
Massa |
(MS) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Dal Forno |
Alfonso |
|
|
|
Born in Tregnago |
on 11/05/1936 |
- Fiscal Code : DLFLNS36E11L364G |
|
|
|
Residence : |
Via |
Vecchia Romana |
, 9 |
- 54038 |
Montignoso |
(MS) |
- IT - |
|
Ex-Postions |
|
Director |
Protests checking on the subject firm has given a negative result.
None reported, standing to the latest received edition of the Official
Publications.
Company's starting of activities dates back to 1967.
The eonomic-financial analysis is based on the latest 3 b/s.
During the last years, it achieved profits (r.o.e. 9,46% on 2010) and
during the last financial year an increase in sales volume was registered
(+25,19% in 2010).
The operating result was positive in the last financial year (5,97%) and
in line with the sector's average.
The operating result is positive and amounts to Eur. 253.534 , with no
sizeable change as opposed to the year before.
During the latest financial year the gross operating margin amounted to
Eur. 366.078 with no sensible increase as against 2009.
Company's financial status is balanced since indebtedness is not high
(1,21) but with an increase as against the previous accounting period.
Subject can manage an equity capital funds for an amount of Eur. 1.626.354
, stable in comparison with the value of the previous year.
In the year 2010 total debts amounted to Eur. 2.287.284 , with no
sensible variation.
Liquidity is good.
The financial management generated a cash flow of Eur. 266.450.
Labour cost amounts to Eur. 399.833, with a 6,9% incidence on production
costs. , whereas the incidence on sales revenues is of 6,98%.
Limited financial charges in relation to sales volume.
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
5.730.769 |
|
Profit (Loss) for the period |
153.906 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
4.577.567 |
|
Profit (Loss) for the period |
139.385 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
6.018.122 |
|
Profit (Loss) for the period |
96.190 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
6.995.239 |
|
Profit (Loss) for the period |
92.474 |
|
|
|
Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
6.920.540 |
|
Profit (Loss) for the period |
110.116 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
0,37 |
0,41 |
0,42 |
0,17 |
|
Elasticity Ratio |
Units |
0,63 |
0,59 |
0,58 |
0,80 |
|
Availability of stock |
Units |
0,08 |
0,08 |
0,10 |
0,27 |
|
Total Liquidity Ratio |
Units |
0,54 |
0,51 |
0,48 |
0,50 |
|
Quick Ratio |
Units |
0,02 |
0,04 |
0,01 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
1,21 |
1,00 |
1,34 |
3,14 |
|
Self Financing Ratio |
Units |
0,38 |
0,39 |
0,38 |
0,19 |
|
Capital protection Ratio |
Units |
0,81 |
0,81 |
0,83 |
0,68 |
|
Liabilities consolidation quotient |
Units |
0,18 |
0,31 |
0,09 |
0,18 |
|
Financing |
Units |
1,41 |
1,36 |
1,38 |
3,79 |
|
Permanent Indebtedness Ratio |
Units |
0,47 |
0,52 |
0,43 |
0,34 |
|
M/L term Debts Ratio |
Units |
0,09 |
0,13 |
0,05 |
0,09 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
0,68 |
0,77 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,26 |
1,28 |
1,02 |
1,75 |
|
Current ratio |
Units |
1,30 |
1,38 |
1,12 |
1,23 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,12 |
1,20 |
0,92 |
0,78 |
|
Structure's primary quotient |
Units |
1,02 |
0,96 |
0,91 |
1,04 |
|
Treasury's primary quotient |
Units |
0,04 |
0,09 |
0,02 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
261,29 |
256,66 |
263,70 |
518,96 |
|
Current Capital ( net ) |
Value |
606.189 |
657.929 |
245.957 |
406.983 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
4,65 |
5,64 |
3,49 |
3,69 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
9,46 |
8,86 |
6,32 |
5,16 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
15,08 |
14,91 |
10,81 |
17,72 |
|
Return on Investment ( R.O.I. ) |
% |
5,97 |
6,61 |
5,95 |
3,94 |
|
Return/ Sales |
% |
4,42 |
5,83 |
3,97 |
4,48 |
|
Extra Management revenues/charges incid. |
% |
60,70 |
52,27 |
40,24 |
26,52 |
|
Cash Flow |
Value |
266.450 |
258.305 |
210.093 |
142.024 |
|
Operating Profit |
Value |
253.534 |
266.671 |
239.061 |
126.602 |
|
Gross Operating Margin |
Value |
366.078 |
385.591 |
352.964 |
241.461 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
n.c. |
n.c. |
81,89 |
116,01 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
59,84 |
127,79 |
|
Average stock waiting period |
Days |
22,58 |
25,05 |
25,08 |
96,89 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,35 |
1,13 |
1,50 |
1,03 |
|
Rate of stock return |
Units |
15,95 |
14,37 |
14,35 |
3,58 |
|
Labour cost incidence |
% |
6,98 |
7,91 |
6,33 |
21,20 |
|
Net financial revenues/ charges incidence |
% |
- 0,89 |
- 0,83 |
- 1,05 |
- 1,00 |
|
Labour cost on purchasing expenses |
% |
6,90 |
8,11 |
6,23 |
20,95 |
|
Short-term financing charges |
% |
2,67 |
2,25 |
3,60 |
2,70 |
|
Capital on hand |
% |
74,15 |
88,17 |
66,74 |
96,90 |
|
Sales pro employee |
Value |
477.564 |
416.142 |
547.102 |
191.520 |
|
Labour cost pro employee |
Value |
33.319 |
32.936 |
34.605 |
39.641 |
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:
190.000 Eur.
|
Population living in the province |
: |
200.644 |
|
Population living in the region |
: |
3.598.269 |
|
Number of families in the region |
: |
1.474.681 |
Monthly family expences average in the region (in Eur.) :
|
- per food products |
: |
444 |
|
- per non food products |
: |
2.009 |
|
- per energy consume |
: |
122 |
The values are calculated on a base of 45 significant companies.
The companies cash their credits on an average of 116 dd.
The average duration of suppliers debts is about 127 dd.
The sector's profitability is on an average of 3,69%.
The labour cost affects the turnover in the measure of 21,20%.
Goods are held in stock in a range of 96 dd.
The difference between the sales volume and the resources used to
realize it is about 1,03.
The employees costs represent the 20,95% of the production costs.
The area is statistically considered moderately risky.
In the region 24.960 protested subjects are found; in the province they
count to 1.432.
The insolvency index for the region is 0,70, , while for the province it
is 0,72.
Total Bankrupt companies in the province : 1.056.
Total Bankrupt companies in the region : 20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.05 |
|
|
1 |
Rs.77.78 |
|
Euro |
1 |
Rs.65.89 |
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.