MIRA
INFORM REPORT
|
Report Date : |
20.06.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
GEA INDUSTRIE ALIMENTARI S.R.L. |
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Registered Office : |
Gadames, 128, 20100 - Milano (MI) |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
31.01.1991 |
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Com. Reg. No.: |
MI-2004-53927 of since 04/03/2004 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Food Industries Manufacture of pastas,
noodles, couscous and similar farinaceous pro ducts |
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No. of Employees : |
36 to 50 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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) |
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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
Gea Industrie Alimentari S.r.l.
Gadames, 128
20100 - Milano (MI) -IT-
Summary
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Fiscal Code |
: |
01690690126 |
|
Legal Form |
: |
Limited liability company |
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start of Activities |
: |
31/01/1991 |
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Equity |
: |
2.500.000 |
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Turnover Range |
: |
12.750.000/15.500.000 |
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Number of Employees |
: |
from 36 to 50 |
Activity
FOOD INDUSTRIES
Manufacture of pastas, noodles,
couscous and similar farinaceous pro ducts
Legal Data
Legal Form : Limited liability
company
|
Fiscal Code : 01690690126 |
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Foreign Trade Reg. no. : MI367298 since
11/06/2008 |
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Chamber of Commerce no. : 436826 of |
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Chamber of Commerce no. : 1322511 of since
12/12/1989 |
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Chamber of Commerce no. : 1735437 of since
18/02/2004 |
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Chamber of Commerce no. : 185804 of |
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Chamber of Commerce no. : 763198 of since
30/12/1992 |
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Firms' Register : MI-2004-53927 of since
04/03/2004 |
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Firms' Register : 297708 of |
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Firms' Register : RM091-297708 of since
19/02/1996 |
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V.A.T. Code : 04398981003 |
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Establishment date |
: 10/04/1987 |
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Start of Activities |
: 31/01/1991 |
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Legal duration |
: 31/12/2050 |
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Nominal Capital |
: 114.000 |
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Subscribed Capital |
: 114.000 |
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Paid up Capital |
: 114.000 |
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Members
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Scapuzzi |
Antonio |
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Born in Livorno |
(LI) |
on 15/01/1961 |
- Fiscal Code : SCPNTN61A15E625S |
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Residence: |
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Lampugnano |
, 144 |
- 20151 |
Milano |
(MI) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
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Sole Director |
18/07/1989 |
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No
Prejudicial events are reported |
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No Protests
registered |
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Froio |
Antonio |
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Born in Rho |
(MI) |
on 06/07/1974 |
- Fiscal Code : FRONTN74L06H264S |
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Residence: |
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Virgilio |
, 62 |
- 20017 |
Rho |
(MI) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
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Attorney with special power |
19/02/2009 |
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No
Prejudicial events are reported |
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No Protests
registered |
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Pecoraro |
Mauro |
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Born in Milano |
(MI) |
on 14/01/1980 |
- Fiscal Code : PCRMRA80A14F205I |
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Residence: |
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Sempione |
, 1/C |
- 28069 |
Trecate |
(NO) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
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Procurator |
15/02/2008 |
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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 |
|
New Food S.r.l. |
Milano - IT - |
07688520159 |
50.000 .Eur |
43,86 |
|
Gf2 s.r.l. |
Milano - IT - |
08532470153 |
64.000 .Eur |
56,14 |
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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Via |
Gadames |
, 128 |
- 20100 |
- Milano |
(MI) |
- IT - |
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- |
Unita' locale |
(Stabilimento) |
since 17/12/2007 |
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Via |
San Pietro |
, 38/A |
- 16035 |
- Rapallo |
(GE) |
- IT - |
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- |
Unita' locale |
(Stabilimento) |
since 31/01/1991 |
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Strada Marziana |
, 17 |
- 27020 |
- Parona |
(PV) |
- IT - |
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Employees |
: 37 |
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Fittings and Equipment for a value of
740.000 |
Eur |
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Stocks for a value of 1.330.000 |
Eur |
Sales are on a local scale.
The company sells mainly to
local consumers.
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Main used term of sale: cash.
Subject collects by cash and/or
credit card.
Purchase terms: 60-90-120 days.
Payments are settled by cash
order and drafts.
Historical Information and/or Firm's Status
CEASINGS/INCORPORATIONS/MERGES:
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Splitting-up and
tranfer from the company |
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Date Splitting-up |
: 02/02/2012 |
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Project of
merging by taking over of |
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San Pietro |
, 38/A |
, 16035 |
, Rapallo |
(GE) |
- IT - |
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Fiscal Code: 02932810100 |
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Date |
Merging/splitting-up project: |
29/10/2007 |
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The firm
absorbed by merging of |
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San Pietro |
, 38/A |
, 16035 |
, Rapallo |
(GE) |
- IT - |
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Fiscal Code: 02932810100 |
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Date |
: |
17/12/2007 |
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Project of
splitting-up and tranfer from |
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Gadames |
, 128 |
, 20151 |
, Milano |
(MI) |
- IT - |
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Fiscal Code: 02151070022 |
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Date |
Merging/splitting-up project: |
25/11/2011 |
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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|
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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
The subject was set up many
years ago and from a financial point
of view, it works in a
satisfactory manner.
As regards liquid means, subject
is able to face the necessary
management requirements.
Subject is characterized by a
corrected managment, which allows a
regular fulfiment of its own
engagments.
No irregularities are
registered.
Commercial transactions with
suppliers have proved good so far.
No claims are registered.
the financial period 2010 closed
with a profit.
In the last financial year an
increase in the turnover has been registered (+13,16%).
Financial Data
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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 |
15.081.754 |
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Profit (Loss) for the period |
524.761 |
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Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
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Item Type |
Value |
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Sales |
13.327.635 |
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Profit (Loss) for the period |
437.533 |
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Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1) |
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Item Type |
Value |
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Sales |
9.917.683 |
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Profit (Loss) for the period |
275.101 |
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Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1) |
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Item Type |
Value |
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Sales |
6.178.898 |
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Profit (Loss) for the period |
167.709 |
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Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1) |
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Item Type |
Value |
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Sales |
5.140.931 |
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Profit (Loss) for the period |
219.810 |
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 31/12/2010 - 12 Mesi - Currency: - Amounts x 1 |
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- Balance Sheet
as at 31/12/2009 - 12 Mesi - Currency: - Amounts x 1 |
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- Balance Sheet
as at 31/12/2008 - 12 Mesi - Currency: - 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 |
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COMPOSITION ON
INVESTMENT |
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Rigidity Ratio |
Units |
0,13 |
0,14 |
0,17 |
0,37 |
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Elasticity Ratio |
Units |
0,86 |
0,86 |
0,82 |
0,58 |
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Availability of stock |
Units |
0,17 |
0,18 |
0,23 |
0,11 |
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Total Liquidity Ratio |
Units |
0,68 |
0,67 |
0,59 |
0,39 |
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Quick Ratio |
Units |
0,05 |
0,07 |
0,03 |
0,01 |
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COMPOSITION ON
SOURCE |
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Net Short-term indebtedness |
Units |
1,62 |
1,81 |
2,21 |
2,18 |
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Self Financing Ratio |
Units |
0,32 |
0,30 |
0,29 |
0,24 |
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Capital protection Ratio |
Units |
0,74 |
0,71 |
0,73 |
0,84 |
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Liabilities consolidation quotient |
Units |
0,07 |
0,08 |
0,07 |
0,31 |
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Financing |
Units |
1,79 |
2,05 |
2,31 |
3,34 |
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Permanent Indebtedness Ratio |
Units |
0,36 |
0,35 |
0,33 |
0,45 |
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M/L term Debts Ratio |
Units |
0,04 |
0,05 |
0,05 |
0,13 |
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Net Financial Indebtedness Ratio |
Units |
0,35 |
0,00 |
0,05 |
1,04 |
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CORRELATION |
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Fixed assets ratio |
Units |
2,68 |
2,54 |
1,92 |
1,06 |
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Current ratio |
Units |
1,51 |
1,42 |
1,25 |
0,93 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,20 |
1,11 |
0,90 |
0,81 |
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Structure's primary quotient |
Units |
2,40 |
2,18 |
1,65 |
0,79 |
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Treasury's primary quotient |
Units |
0,09 |
0,11 |
0,04 |
0,01 |
|
Rate of indebtedness ( Leverage ) |
% |
314,04 |
335,65 |
350,77 |
375,53 |
|
Current Capital ( net ) |
Value |
2.202.657 |
1.605.408 |
850.902 |
190.345 |
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RETURN |
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Return on Sales |
% |
4,93 |
4,91 |
4,79 |
1,99 |
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Return on Equity - Net- ( R.O.E. ) |
% |
21,64 |
23,03 |
18,81 |
1,77 |
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Return on Equity - Gross - ( R.O.E. ) |
% |
32,82 |
43,27 |
31,38 |
6,32 |
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Return on Investment ( R.O.I. ) |
% |
10,04 |
13,49 |
8,93 |
2,57 |
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Return/ Sales |
% |
5,07 |
6,45 |
4,62 |
2,46 |
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Extra Management revenues/charges incid. |
% |
68,67 |
50,88 |
60,07 |
17,68 |
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Cash Flow |
Value |
744.271 |
654.495 |
474.981 |
191.684 |
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Operating Profit |
Value |
764.203 |
859.901 |
457.956 |
206.776 |
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Gross Operating Margin |
Value |
1.233.713 |
1.326.863 |
657.836 |
349.592 |
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MANAGEMENT |
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Credits to clients average term |
Days |
102,00 |
97,71 |
94,70 |
114,75 |
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Debts to suppliers average term |
Days |
85,94 |
100,91 |
127,70 |
76,95 |
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Average stock waiting period |
Days |
31,79 |
31,48 |
42,76 |
40,02 |
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Rate of capital employed return ( Turnover
) |
Units |
1,98 |
2,09 |
1,93 |
0,92 |
|
Rate of stock return |
Units |
11,32 |
11,44 |
8,42 |
7,96 |
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Labour cost incidence |
% |
12,99 |
9,07 |
11,85 |
10,63 |
|
Net financial revenues/ charges incidence |
% |
0,01 |
-0,16 |
-0,56 |
-1,73 |
|
Labour cost on purchasing expenses |
% |
13,63 |
9,79 |
12,23 |
8,49 |
|
Short-term financing charges |
% |
0,06 |
0,55 |
1,66 |
2,30 |
|
Capital on hand |
% |
50,48 |
47,84 |
51,72 |
76,04 |
|
Sales pro employee |
Value |
457.022 |
360.206 |
275.491 |
393.742 |
|
Labour cost pro employee |
Value |
59.388 |
32.658 |
32.639 |
28.390 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.01 |
|
UK Pound |
1 |
Rs.87.85 |
|
Euro |
1 |
Rs.70.54 |
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.