|
Report Date : |
04.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
PRIMALINEA S.R.L. UNIPERSONALE |
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Registered Office : |
Via 50047 – |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
23.06.2009 |
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Legal Form : |
Sole-Member Limited Liability Company |
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Line of Business : |
Manufacturer of textiles |
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No. of Employees : |
01 to 05 employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
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 |
Primalinea S.r.l. Unipersonale
Via
50047 -
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Fiscal Code |
: |
02136550973 |
|
Legal Form |
: |
Sole-Member Limited Liability Company |
|
start of Activities |
: |
23/06/2009 |
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Equity |
: |
15.000 Eur |
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|
: |
750.000/1.000.000 Eur |
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Number of Employees |
: |
from 1 to 5 |
MANUFACTURE OF TEXTILES
Weaving of textiles
Legal Form : Sole-Member Limited
Liability Company
|
Fiscal Code : 02136550973 |
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Chamber of Commerce no. : 504495 of |
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V.A.T. Code : 02136550973 |
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Establishment date |
: 23/06/2009 |
|
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Start of Activities |
: 23/06/2009 |
|
|
Legal duration |
: 31/12/2030 |
|
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Nominal Capital |
: 10.000 |
Eur |
|
Subscribed Capital |
: 10.000 |
Eur |
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Paid up Capital |
: 10.000 |
Eur |
|
|
Mascii |
Fabio |
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|
|
Born in |
(FI) |
on 21/10/1966 |
- Fiscal Code : MSCFBA66R21G999E |
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|
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Residence : |
Via |
Bruno Buozzi |
, 27 |
- 59100 |
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( |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
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Sole Director |
01/03/2011 |
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|
|
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No Protests
registered |
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Baldi |
Anna Maria |
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|
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Born in |
(FI) |
on 13/04/1937 |
- Fiscal Code : BLDNMR37D53G999A |
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|
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Residence : |
Via |
San Giusto |
, 98 |
- 59100 |
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( |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
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|
|
|
|
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.
|
|
MASCII |
FABIO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
M GROUP S.R.L. IN LIQUIDAZIONE |
Montemurlo ( |
01733770976 |
Sole Director |
Withdrawn |
Registered |
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M GROUP S.R.L. IN LIQUIDAZIONE |
Montemurlo ( |
01733770976 |
Liquidator |
Active |
Registered |
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M GROUP S.R.L. IN LIQUIDAZIONE |
Montemurlo ( |
01733770976 |
Sole partner |
Active |
Registered |
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MANIFATTURA IL TELAIO S.R.L. IN
LIQUIDAZIONE |
|
02099410488 |
Sole Director |
Withdrawn |
Registered |
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MANIFATTURA IL TELAIO S.R.L. IN
LIQUIDAZIONE |
|
02099410488 |
Liquidator |
Withdrawn |
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 |
|
Baldi Anna Maria |
|
BLDNMR37D53G999A |
|
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 |
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Via |
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, 12 |
- 50047 |
- |
( |
- IT - |
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PHONE |
: 0574/442956 |
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|
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FAX |
: 0574/443148 |
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Employees |
: 3 |
|
Fittings and Equipment for a value of
3.000 |
Eur |
|
Stocks for a value of 150.000 |
Eur |
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.
Company's starting of activities
dates back to some years ago (2009).
The balance-sheet analysis has
been made on the base of the latest 2 financial years.
During the last years the
subject suffered net losses and in 2010 r.o.e. is -352,42%.
The operating result is
negative.
the operating loss amounts to
Eur. -7.609.
It has been registered a
negative gross operating margin value of (Eur. -6.202).
Short-term debts volume if
compared to net worth, as it comes out from the total indebtedness (190,68)
which tends upward.
With regard to equity capital,
an amount of Eur. 2.413 is registered. with a -77,89% fall.
As far as financial debts are
concerned the rate is high; the average payments' period is slighlty high
however still within the sector's average.
Liquidity is good (1)
Trade credits average terms are
63,95 days. , a value lower than the sector's average.
(Eur. -7.097) is the negative
value of the cash flow.
Subordinate employment cost is
of Eur. 126.914, i.e. 12,59% on total production costs. , whereas the incidence
on sales revenues is of 13,61%.
The financial management is
positive as incomes are higher than the charges.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
932.499 |
|
Profit (Loss) for the period |
-8.504 |
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|
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Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
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Item Type |
Value |
|
Sales |
218.292 |
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Profit (Loss) for the period |
-19.085 |
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 |
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RATIOS |
Value
Type |
as at 31/12/2010 |
as at 31/12/2009 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
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|
|
|
|
Rigidity Ratio |
Units |
0,02 |
0,04 |
0,29 |
|
Elasticity Ratio |
Units |
0,98 |
0,95 |
0,70 |
|
Availability of stock |
Units |
0,31 |
0,24 |
0,26 |
|
Total Liquidity Ratio |
Units |
0,67 |
0,71 |
0,39 |
|
Quick Ratio |
Units |
0,00 |
0,08 |
0,01 |
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COMPOSITION ON
SOURCE |
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|
|
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Net Short-term indebtedness |
Units |
190,68 |
27,13 |
1,69 |
|
Self Financing Ratio |
Units |
0,01 |
0,03 |
0,29 |
|
Capital protection Ratio |
Units |
0,38 |
1,83 |
0,71 |
|
Liabilities consolidation quotient |
Units |
0,02 |
0,00 |
0,26 |
|
Financing |
Units |
191,60 |
29,64 |
2,12 |
|
Permanent Indebtedness Ratio |
Units |
0,02 |
0,04 |
0,45 |
|
M/L term Debts Ratio |
Units |
0,02 |
0,00 |
0,13 |
|
Net Financial Indebtedness Ratio |
Units |
75,97 |
0,00 |
0,96 |
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CORRELATION |
|
|
|
|
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Fixed assets ratio |
Units |
1,26 |
0,85 |
1,38 |
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Current ratio |
Units |
1,00 |
0,99 |
1,25 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,69 |
0,74 |
0,75 |
|
Structure's primary quotient |
Units |
0,31 |
0,74 |
0,90 |
|
Treasury's primary quotient |
Units |
0,00 |
0,08 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
19.569,33 |
3.078,88 |
339,62 |
|
Current Capital ( net ) |
Value |
1.725 |
-2.967 |
1.615.606 |
|
RETURN |
|
|
|
|
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Return on Sales |
% |
- 0,76 |
- 8,38 |
1,74 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
- 352,42 |
- 174,84 |
0,25 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
- 239,41 |
- 174,84 |
2,94 |
|
Return on Investment ( R.O.I. ) |
% |
- 1,61 |
- 5,90 |
2,31 |
|
Return/ Sales |
% |
- 0,82 |
- 9,08 |
2,50 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
n.c. |
8,02 |
|
Cash Flow |
Value |
-7.097 |
-18.285 |
210.372 |
|
Operating Profit |
Value |
-7.609 |
-19.828 |
359.191 |
|
Gross Operating Margin |
Value |
-6.202 |
-19.028 |
692.382 |
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MANAGEMENT |
|
|
|
|
|
Credits to clients average term |
Days |
63,95 |
277,98 |
111,18 |
|
Debts to suppliers average term |
Days |
101,71 |
386,49 |
104,44 |
|
Average stock waiting period |
Days |
56,64 |
132,68 |
86,89 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,97 |
0,65 |
1,04 |
|
Rate of stock return |
Units |
6,36 |
2,71 |
4,12 |
|
Labour cost incidence |
% |
13,61 |
15,34 |
15,12 |
|
Net financial revenues/ charges incidence |
% |
0,20 |
0,34 |
- 2,07 |
|
Labour cost on purchasing expenses |
% |
12,59 |
10,43 |
14,82 |
|
Short-term financing charges |
% |
n.c. |
n.c. |
3,48 |
|
Capital on hand |
% |
50,64 |
153,96 |
95,83 |
|
Sales pro employee |
Value |
310.833 |
218.292 |
237.592 |
|
Labour cost pro employee |
Value |
42.304 |
33.492 |
33.432 |
|
Population living in the province |
: |
238.826 |
|
Population living in the region |
: |
3.598.269 |
|
Number of families in the region |
: |
1.474.681 |
Monthly family expenses 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 555 significant companies.
The companies cash their credits
on an average of 111 dd.
The average duration of
suppliers debts is about 104 dd.
The sector's profitability is on
an average of 1,74%.
The labour cost affects the
turnover in the measure of 15,12%.
Goods are held in stock in a
range of 86 dd.
The difference between the sales
volume and the resources used to realize it is about 1,04.
The employees costs represent
the 14,82% 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 2.055.
The insolvency index for the
region is 0,70, , while for the province it is 0,88.
Total Bankrupt companies in the
province : 3.109.
Total Bankrupt companies in the
region : 20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.92 |
|
UK Pound |
1 |
Rs.86.03 |
|
Euro |
1 |
Rs.69.13 |
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.