MIRA
INFORM REPORT
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Report Date : |
14.06.2012 |
IDENTIFICATION DETAILS
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Name : |
REFCON S.R.L. |
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Registered Office : |
Lunetta, 19, 46100 – Mantova
(MN) |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
11.06.2010 |
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Legal Form : |
Sole-Member Limited Liability Company |
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Line of Business : |
Wholesale of plumbing, heating and airconditioning
equipment and supplies |
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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 |
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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 : |
No Complaints |
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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) |
|
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 |
Company name & address
Refcon S.r.l.
Lunetta, 19
46100 - Mantova (MN) -IT-
Summary
|
Fiscal Code |
: |
02307300208 |
|
Legal Form |
: |
Sole-Member Limited Liability Company |
|
start of Activities |
: |
12/07/2010 |
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Equity |
: |
15.000 |
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Turnover Range |
: |
150.000/200.000 |
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Number of Employees |
: |
from 1 to 5 |
Activity
Wholesale of plumbing, heating and airconditioning equipment
and supplies
Legal Data
Legal Form : Sole-Member Limited Liability Company
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Fiscal Code : 02307300208 |
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Chamber of Commerce no. : 241616 of since 22/06/2010 |
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V.A.T. Code : 02307300208 |
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Trade Agents Licence : 5608 of since 20/12/2010 |
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Establishment date |
: 11/06/2010 |
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Start of Activities |
: 12/07/2010 |
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Legal duration |
: 31/12/2040 |
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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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Members
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Maitan |
Andrea |
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|
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Born in Milano |
(MI) |
on 06/02/1966 |
- Fiscal Code : MTNNDR66B06F205X |
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Residence: |
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Parma |
, 18/B |
- 46100 |
Mantova |
(MN) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
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Sole Director |
11/06/2010 |
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Sole partner |
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No Prejudicial events are reported |
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No Protests registered |
Companies connected to members *
*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.
Capital Shareholders
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Maitan Andrea |
Mantova - IT - |
MTNNDR66B06F205X |
|
100,00 |
Direct Participations
The Company under review has no participations in other
Companies.
Firm's location and structure
In order to carry out its activities the firm uses the
following locations:
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- |
Sede legale e di attivita' |
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Strada |
Lunetta |
, 19 |
- 46100 |
- Mantova |
(MN) |
- IT - |
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TELEFONO |
: 0376408634 |
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FAX |
: 0376373204 |
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Protests
Protests checking on the subject firm has given a negative
result.
Data Base Prejudicial Events
Search
Search performed on a National Scale
|
|
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Prejudicial Events Search Result: NEGATIVE |
Search performed on a specialized data base.
Legal Procedures
None reported, standing to the latest received edition of
the Official Publications.
Financial and Economical Analysis
Subject's activity began a few years ago.
Current economical-financial situation is settled. Liquidity
is
normal.
Nowaday, subject settles its engagments sufficiently.
No irregularities are registered.
Business relations are marked by sufficient correctness.
No complaints from suppliers are registered.
the financial period 2011 closed with a profit.
Upward trend as to the turnover in the last financial year
(+more then 100%).
Financial Data
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Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
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Item Type |
Value |
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Sales |
196.728 |
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Profit (Loss) for the period |
1.327 |
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Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
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Item Type |
Value |
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Sales |
30.090 |
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Profit (Loss) for the period |
-17.083 |
Balance
Sheets
From our constant monitoring of the relevant Public
Administration offices, no more recent balance sheets result to have been
filed.
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- Balance Sheet as at 31/12/2011 - 12 Mesi - Currency: - Amounts x 1 |
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- Balance Sheet as at 31/12/2010 - 12 Mesi - Currency: - Amounts x 1 |
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RATIOS |
Value Type |
as at 31/12/2011 |
as at 31/12/2010 |
Sector Average |
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COMPOSITION ON
INVESTMENT |
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Rigidity Ratio |
Units |
0,05 |
0,08 |
0,11 |
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Elasticity Ratio |
Units |
0,94 |
0,92 |
0,87 |
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Availability of stock |
Units |
n.c. |
n.c. |
0,22 |
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Total Liquidity Ratio |
Units |
0,94 |
0,92 |
0,56 |
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Quick Ratio |
Units |
0,29 |
0,55 |
0,02 |
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COMPOSITION ON
SOURCE |
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Net Short-term indebtedness |
Units |
3,19 |
n.c. |
3,81 |
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Self Financing Ratio |
Units |
0,17 |
n.c. |
0,17 |
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Capital protection Ratio |
Units |
0,00 |
n.c. |
0,65 |
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Liabilities consolidation quotient |
Units |
n.c. |
n.c. |
0,12 |
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Financing |
Units |
4,90 |
n.c. |
4,72 |
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Permanent Indebtedness Ratio |
Units |
0,17 |
n.c. |
0,30 |
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M/L term Debts Ratio |
Units |
n.c. |
n.c. |
0,07 |
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Net Financial Indebtedness Ratio |
Units |
0,00 |
n.c. |
1,28 |
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CORRELATION |
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Fixed assets ratio |
Units |
3,20 |
n.c. |
2,06 |
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Current ratio |
Units |
1,14 |
0,81 |
1,16 |
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Acid Test Ratio-Liquidity Ratio |
Units |
1,14 |
0,81 |
0,84 |
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Structure's primary quotient |
Units |
3,20 |
n.c. |
1,28 |
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Treasury's primary quotient |
Units |
0,35 |
0,48 |
0,03 |
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Rate of indebtedness ( Leverage ) |
% |
590,10 |
n.c. |
591,61 |
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Current Capital ( net ) |
Value |
7.569 |
-11.400 |
219.071 |
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RETURN |
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Return on Sales |
% |
1,11 |
-54,69 |
2,22 |
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Return on Equity - Net- ( R.O.E. ) |
% |
11,71 |
n.c. |
6,27 |
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Return on Equity - Gross - ( R.O.E. ) |
% |
13,35 |
n.c. |
15,95 |
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Return on Investment ( R.O.I. ) |
% |
2,46 |
-32,49 |
4,19 |
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Return/ Sales |
% |
0,84 |
-56,79 |
3,42 |
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Extra Management revenues/charges incid. |
% |
80,62 |
n.c. |
29,26 |
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Cash Flow |
Value |
2.193 |
-16.456 |
61.669 |
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Operating Profit |
Value |
1.646 |
-17.087 |
95.558 |
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Gross Operating Margin |
Value |
2.512 |
-16.460 |
144.934 |
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MANAGEMENT |
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|
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Credits to clients average term |
Days |
57,45 |
119,61 |
120,94 |
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Debts to suppliers average term |
Days |
55,80 |
119,87 |
120,04 |
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Average stock waiting period |
Days |
n.c. |
n.c. |
61,92 |
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Average stock waiting period |
Days |
n.c. |
n.c. |
61,92 |
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Rate of capital employed return ( Turnover ) |
Units |
2,94 |
0,57 |
1,27 |
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Rate of stock return |
Units |
n.c. |
n.c. |
5,74 |
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Labour cost incidence |
% |
n.c. |
n.c. |
7,77 |
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Labour cost incidence |
% |
n.c. |
n.c. |
7,77 |
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Net financial revenues/ charges incidence |
% |
-0,07 |
0,00 |
-1,26 |
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Labour cost on purchasing expenses |
% |
n.c. |
n.c. |
7,90 |
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Short-term financing charges |
% |
0,24 |
n.c. |
2,67 |
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Capital on hand |
% |
33,98 |
174,78 |
78,39 |
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Sales pro employee |
Value |
|
|
437.713 |
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Labour cost pro employee |
Value |
|
|
33.928 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.85 |
|
UK Pound |
1 |
Rs.86.88 |
|
Euro |
1 |
Rs.69.88 |
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 |
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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 |
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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 |
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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.