MIRA INFORM REPORT
|
Report Date : |
29.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
ALFANO F.LLI - S.R.L. |
|
|
|
|
Registered Office : |
Via Murelle, 103, 84012 – Angri (SA) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
13.03.1982 |
|
|
|
|
Com. Reg. No.: |
SA078-1993-374 since 19/02/1996 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Processing and preserving of fruit and vegetables |
|
|
|
|
No. of Employees
: |
16 to 25 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 |
|
Maximum Credit Limit : |
250.000 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 30th, 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 |
Company name & address
Alfano F.lli - S.r.l.
Via Murelle, 103
84012 - Angri (SA) -IT-
Summary
|
Fiscal Code |
: |
01223800655 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
03/08/1982 |
|
Equity |
: |
2.500.000 Eur |
|
Turnover Range |
: |
18.000.000/20.000.000 Eur |
|
Number of Employees |
: |
from 16 to 25 |
Credit Analysis
|
Credit Opinion |
: |
250.000 - Eur |
Activity
Processing and preserving of
fruit and vegetables
Legal Data
Legal Form : Limited liability
company
|
Wholesaler list : 2677 of Salerno since
03/08/1982 |
|
Fiscal Code : 01223800655 |
|
Foreign Trade Reg. no. : 721352 of Salerno
since 20/08/1982 |
|
Chamber of Commerce no. : 190913 of
Salerno since 02/06/1982 |
|
Firms' Register : SA078-1993-374 since
19/02/1996 |
|
V.A.T. Code : 01223800655 |
|
Tribunal Co. Register : 35882 of Salerno
since 23/04/1982 |
|
Foundation date |
: 13/03/1982 |
|
|
Establishment date |
: 13/03/1982 |
|
|
Start of Activities |
: 03/08/1982 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 604.000 |
Eur |
|
Subscribed Capital |
: 604.000 |
Eur |
|
Paid up Capital |
: 604.000 |
Eur |
Members
|
|
Alfano |
Eliodoro |
|
|
|
Born in Angri |
(SA) |
on 29/09/1946 |
- Fiscal Code : LFNLDR46P29A294Y |
|
|
|
Residence : |
Via |
Murelle |
, 103 |
- 84012 |
Angri |
(SA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
12/10/2004 |
|
|
|
|
No Protests
registered |
|
|
Alfano |
Luigi |
|
|
|
Born in Angri |
(SA) |
on 11/08/1948 |
- Fiscal Code : LFNLGU48M11A294E |
|
|
|
Residence : |
Via |
Murelle |
, 95 |
- 84012 |
Angri |
(SA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
12/10/2004 |
|
|
|
|
No Protests
registered |
Companies connected to members *
*checkings have been performed
on a national scale.
In this module are listed the
companies in which members hold or have holded positions.
|
|
ALFANO |
ELIODORO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
ALVET SRL |
Milano (MI) - IT - |
10086670154 |
Chairman |
Withdrawn |
Ceased |
|
IMMOBILIARE PRIMAVERA S.R.L. |
Milano (MI) - IT - |
04022340154 |
Sole Director |
Active |
Registered |
|
|
ALFANO |
LUIGI |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
CONSORZIO DI TUTELA NOCCIOLA DI GIFFONI
I.G.P. |
Giffoni Valle Piana (SA) - IT - |
04854750652 |
Director |
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.
Capital Shareholders
Shareholders' list as at date of
data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Alfano Eliodoro |
Angri - IT - |
LFNLDR46P29A294Y |
422.800 .Eur |
70,00 |
|
Alfano Luigi |
Angri - IT - |
LFNLGU48M11A294E |
181.200 .Eur |
30,00 |
Direct Participations
The Company under review has
participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares
Amount |
% Ownership |
since |
until |
Share Status |
|
ALVET SRL |
Milano - IT - |
10086670154 |
41.833 .Eur |
90,00 |
|
|
Ceased |
|
Formula Foods S.R.L. |
Milano - IT - |
11924210153 |
10.329 .Eur |
50,00 |
|
|
Active |
|
Agrofuturo - Societa' Consortile A R.l. - |
Nocera Inferiore - IT - |
03721250656 |
1.020 .Eur |
0,58 |
|
|
Active |
|
IMMOBILIARE EDGARDO SRL |
Angri - IT - |
09747610153 |
11.620 .Eur |
25,00 |
|
|
Active |
Firm's location and structure
In order to carry out its
activities the firm uses the following locations:
|
- |
Registered
office |
since 13/03/1982 |
|
|
|
|
|
Via |
Murelle |
, 103 |
- 84012 |
- Angri |
(SA) |
- IT - |
|
|
|
|
PHONE |
: 081/946060 |
|
|
|
|
FAX |
: 081/947644 |
|
- |
Operative seat |
since 01/11/2001 |
|
|
|
|
|
Via |
Papa Giovanni Xxiii |
, s.n. |
- 84012 |
- Angri |
(SA) |
- IT - |
|
|
|
|
FAX |
: 081/947644 |
|
|
|
|
Email |
: info@alfano-flli.it |
|
|
|
|
Employees |
: 20 |
|
Fittings and Equipment for a value of
500.000 |
Eur |
|
Stocks for a value of 1.810.000 |
Eur |
|
Furniture and fittings for a value of
10.000 |
Eur |
|
Vehicles for a value of 10.000 |
Eur |
|
|
Historical Information and/or Firm's Status
EX-MEMBERS
/ EX-POSITIONS:
|
|
Alfano |
Giovanni |
|
|
|
Born in Angri |
on 22/03/1905 |
- Fiscal Code : LFNGNN05C22A294F |
|
|
|
Fiscal residence : |
Via |
Murelle |
, 99 |
- 84012 |
Angri |
(SA) |
- IT - |
|
Ex-Postions |
|
Sole Director |
|
|
Raiola |
Alfonso |
|
|
|
Born in Angri |
on 01/10/1964 |
- Fiscal Code : RLALNS64R01A294P |
|
|
|
Residence : |
Via |
Campania |
, 14 |
- 84012 |
Angri |
(SA) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
De Filippis |
Francesco |
|
|
|
Born in Salerno |
on 05/05/1952 |
- Fiscal Code : DFLFNC52E05H703H |
|
|
|
Residence : |
Via |
D'alessandro |
, 40 |
- 84014 |
Nocera Inferiore |
(SA) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Cervelli |
Fabio Giuseppe |
|
|
|
Born in Campiglia Marittima |
on 22/03/1962 |
- Fiscal Code : CRVFGS62C22B509E |
|
|
|
Residence : |
Via |
Badia |
, 6 |
- 84012 |
Angri |
(SA) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
De Pascale |
Palmina |
|
|
|
Born in Nocera Inferiore |
on 27/01/1972 |
- Fiscal Code : DPSPMN72A67F912Z |
|
|
|
Residence : |
Via |
Cervinia |
, 10 |
- 84012 |
Angri |
(SA) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Scoppa |
Alfonso |
|
|
|
Born in Nocera Inferiore |
on 03/02/1975 |
- Fiscal Code : SCPLNS75B03F912X |
|
|
|
Residence : |
Incoronati |
, 3 |
- 84012 |
Angri |
(SA) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
Protests
Protests checking on the subject
firm has given a negative result.
Legal Procedures
None reported, standing to the
latest received edition of the Official Publications.
Financial and Economical Analysis
Subject is active since 1982
The eonomic-financial analysis
is based on the latest 3 b/s.
During the last years, it
achieved profits (r.o.e. 10,67% on 2010) with a stable trend in the turnover.
The operating result was
positive in the last financial year (3,32%) and in line with the sector's
average.
The operating result is positive
and amounts to Eur. 472.160 increasing if compared to the yeart 2009.
The gross operating margin of
the latest financial year is of Eur. 692.763 with a 29,99% growth.
The financial status of the
company is fairly balanced with an indebtedness level of 3,64 with an improving
trend as on the decrease.
The management generated equity
capital for an amount of Eur. 2.327.518 on stable levels.
In the year 2010 total debts
amounted to Eur. 11.714.080 with no important change.
The financial exposure is
moderate, on the other hand the recourse to commercial credit is high, with a
high average payment period even in comparison with the sector's.
Liquid assets are good.
Due from customers average term
is high and equal to 143,65 days. and higher than the average of the sector.
The financial management
generated a cash flow of Eur. 468.981.
In the last financial year
labour cost was of Eur. 927.603, with a 5,15% incidence on total costs of
production. , with a 5,03% incidence on turnover.
The financial management has a
limited economic impact, equal to -0,24% on the sales.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
18.440.007 |
|
Profit (Loss) for the period |
248.378 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
18.361.675 |
|
Profit (Loss) for the period |
239.176 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
16.265.186 |
|
Profit (Loss) for the period |
207.316 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
15.037.674 |
|
Profit (Loss) for the period |
237.277 |
|
|
|
Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
14.045.212 |
|
Profit (Loss) for the period |
218.669 |
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 31/12/2010 - 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 |
0,11 |
0,05 |
0,06 |
0,31 |
|
Elasticity Ratio |
Units |
0,89 |
0,95 |
0,93 |
0,67 |
|
Availability of stock |
Units |
0,13 |
0,13 |
0,11 |
0,21 |
|
Total Liquidity Ratio |
Units |
0,76 |
0,82 |
0,81 |
0,40 |
|
Quick Ratio |
Units |
0,23 |
0,28 |
0,17 |
0,02 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
3,64 |
3,90 |
4,65 |
2,93 |
|
Self Financing Ratio |
Units |
0,16 |
0,15 |
0,13 |
0,20 |
|
Capital protection Ratio |
Units |
0,63 |
0,57 |
0,53 |
0,69 |
|
Liabilities consolidation quotient |
Units |
0,01 |
0,01 |
0,01 |
0,21 |
|
Financing |
Units |
5,03 |
5,82 |
5,88 |
3,78 |
|
Permanent Indebtedness Ratio |
Units |
0,18 |
0,15 |
0,14 |
0,37 |
|
M/L term Debts Ratio |
Units |
0,01 |
0,01 |
0,00 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
0,00 |
1,33 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,54 |
3,08 |
2,34 |
1,11 |
|
Current ratio |
Units |
1,08 |
1,12 |
1,14 |
1,07 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,92 |
0,97 |
0,99 |
0,71 |
|
Structure's primary quotient |
Units |
1,44 |
2,88 |
2,20 |
0,73 |
|
Treasury's primary quotient |
Units |
0,28 |
0,33 |
0,20 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
610,51 |
689,62 |
716,96 |
493,00 |
|
Current Capital ( net ) |
Value |
880.134 |
1.425.613 |
1.434.824 |
288.842 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
2,54 |
2,47 |
2,81 |
3,41 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
10,67 |
12,12 |
11,95 |
1,33 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
18,65 |
20,84 |
19,78 |
7,79 |
|
Return on Investment ( R.O.I. ) |
% |
3,32 |
2,34 |
2,04 |
3,40 |
|
Return/ Sales |
% |
2,56 |
1,74 |
1,56 |
3,23 |
|
Extra Management revenues/charges incid. |
% |
52,60 |
75,00 |
81,67 |
13,18 |
|
Cash Flow |
Value |
468.981 |
453.191 |
458.598 |
304.135 |
|
Operating Profit |
Value |
472.160 |
318.912 |
253.838 |
287.471 |
|
Gross Operating Margin |
Value |
692.763 |
532.927 |
505.120 |
536.448 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
143,65 |
136,71 |
165,60 |
91,38 |
|
Debts to suppliers average term |
Days |
238,45 |
223,09 |
219,63 |
113,57 |
|
Average stock waiting period |
Days |
35,34 |
33,82 |
32,18 |
72,17 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,30 |
1,35 |
1,30 |
1,09 |
|
Rate of stock return |
Units |
10,19 |
10,65 |
11,17 |
4,87 |
|
Labour cost incidence |
% |
5,03 |
4,45 |
5,04 |
9,61 |
|
Net financial revenues/ charges incidence |
% |
- 0,24 |
0,13 |
0,71 |
- 1,81 |
|
Labour cost on purchasing expenses |
% |
5,15 |
4,47 |
4,87 |
9,80 |
|
Short-term financing charges |
% |
0,57 |
0,19 |
n.c. |
2,88 |
|
Capital on hand |
% |
77,06 |
74,13 |
76,46 |
91,70 |
|
Sales pro employee |
Value |
658.571 |
734.467 |
650.607 |
331.418 |
|
Labour cost pro employee |
Value |
33.128 |
32.675 |
32.843 |
32.136 |
Credit Opinion
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:
250.000 Eur.
Market / Territory Data
|
Population living in the province |
: |
1.089.770 |
|
Population living in the region |
: |
5.788.986 |
|
Number of families in the region |
: |
1.966.064 |
Monthly family expenses average
in the region (in Eur.) :
|
- per food products |
: |
475 |
|
- per non food products |
: |
1.304 |
|
- per energy consume |
: |
79 |
Sector Data
The values are calculated on a
base of 288 significant companies.
The companies cash their credits
on an average of 91 dd.
The average duration of
suppliers debts is about 113 dd.
The sector's profitability is on
an average of 3,41%.
The labour cost affects the
turnover in the measure of 9,61%.
Goods are held in stock in a
range of 72 dd.
The difference between the sales
volume and the resources used to realize it is about 1,09.
The employees costs represent
the 9,80% of the production costs.
Statistical Detrimental Data
The area is statistically
considered remarkably risky.
In the region 80.616 protested
subjects are found; in the province they count to 17.809.
The insolvency index for the
region is 1,40, , while for the province it is 1,64.
Total Bankrupt companies in the
province : 4.254.
Total Bankrupt companies in the
region : 28.514.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.14 |
|
UK Pound |
1 |
Rs.77.86 |
|
Euro |
1 |
Rs.66.06 |
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.