MIRA INFORM REPORT
|
Report Date : |
06.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
SIATEX S.R.L. |
|
|
|
|
Registered Office : |
Via Spadini, 31 50047- Prato
(PO) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
25.07.1990 |
|
|
|
|
Com. Reg. No.: |
PO005-17118 since 19/02/1996 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of machinery for the textile industry and sewing and knitting machines |
|
|
|
|
No. of Employees
: |
06 to 10 employee |
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 : |
120.000 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 |
Siatex S.r.l.
Via Spadini, 31
50047 - Prato (PO) -IT-
|
Fiscal Code |
: |
01575340979 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
25/07/1990 |
|
Equity |
: |
500.000 Eur |
|
Turnover Range |
: |
2.250.000/3.000.000 Eur |
|
Number of Employees |
: |
from 6 to 10 |
|
|
|
|
|
Credit Opinion |
: |
120.000 - Eur |
Wholesale of machinery for the textile
industry and sewing and knitting machines
Legal Form : Limited liability
company
|
Fiscal Code : 01575340979 |
|
Foreign Trade Reg. no. : 39250 |
|
Foreign Trade Reg. no. : PO012877 since
19/02/1992 |
|
Foreign Trade Reg. no. : 012877 of Prato
since 19/02/1992 |
|
Chamber of Commerce no. : 182950 of Biella |
|
Chamber of Commerce no. : 429363 of
Firenze |
|
Chamber of Commerce no. : 1758799 of
Milano |
|
Chamber of Commerce no. : 429363 of Prato since
31/10/1990 |
|
Firms' Register : PO005-17118 since
19/02/1996 |
|
V.A.T. Code : 01575340979 |
|
Tribunal Co. Register : 17118 of Prato |
|
Foundation date |
: 25/07/1990 |
|
|
Establishment date |
: 25/07/1990 |
|
|
Start of Activities |
: 25/07/1990 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 80.000 |
Eur |
|
Subscribed Capital |
: 80.000 |
Eur |
|
Paid up Capital |
: 80.000 |
Eur |
|
|
Piani |
Franco |
|
|
|
Born in Firenze |
(FI) |
on 14/12/1955 |
- Fiscal Code : PNIFNC55T14D612Y |
|
|
|
Residence : |
Via |
Salvemini |
, 35 |
- 59100 |
Prato |
(PO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
03/03/2008 |
|
|
|
|
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.
|
|
PIANI |
FRANCO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
FLASH S.R.L. |
Prato (PO) - IT - |
01970830970 |
Sole Director |
Active |
Registered |
|
MARIVAN S.R.L. |
- - |
01853080974 |
Board Chairman |
Withdrawn |
Registered |
|
OFFICINA MECCANICA BOGANI E PAOLETTI DI PIANI
FRANCO E MASSIMO S.N.C. |
Prato (PO) - IT - |
00502850480 |
Partner |
Withdrawn |
Ceased |
|
T.M.A. ITALY S.R.L. IN LIQUIDAZIONE |
Lainate (MI) - IT - |
04096120961 |
Liquidator |
Withdrawn |
Registered |
|
TEXFIM S.R.L. |
Prato (PO) - IT - |
00504180977 |
Managing
Director |
Withdrawn |
Registered |
|
TEXTRADE S.R.L. |
Prato (PO) - IT - |
01773110976 |
Sole Director |
Withdrawn |
Registered |
|
TEXTRADE S.R.L. |
Prato (PO) - IT - |
01773110976 |
Managing
Director |
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 |
|
Piani Franco |
Prato - IT - |
PNIFNC55T14D612Y |
280.000 .Eur |
80,00 |
|
Muscari Tomajoli Alessandra |
Prato - IT - |
MSCLSN58S60E202B |
70.000 .Eur |
20,00 |
The Company under review has
participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares
Amount |
% Ownership |
since |
until |
Share Status |
|
Flash S.r.l. |
Prato - IT - |
01970830970 |
27.000 .Eur |
45,00 |
|
|
Active |
In order to carry out its
activities the firm uses the following locations:
|
- |
Legal and
operative seat |
|
since 25/07/1990 |
|
|
|
|
|
Via |
Spadini |
, 31 |
- 50047 |
- Prato |
(PO) |
- IT - |
|
|
|
|
PHONE |
: 0574/625179 |
|
- |
Branch |
(Warehouse ) |
since 01/09/2008 |
|
|
|
|
|
Via |
Buricchi |
, 21 |
- 50049 |
- Vaiano |
(PO) |
- IT - |
|
|
|
|
Employees |
: 5 |
|
|
|
|
Assistants |
: 2 |
|
Fittings and Equipment for a value of
23.000 |
Eur |
|
Stocks for a value of 690.000 |
Eur |
|
|
The firm operates abroad as
importer / exporter. .
To purchase foreign products the
firm uses the following channels :
|
- direct orders to foreign companies |
Export represents from 20% to
50% of the global turnover.
Products abroad are placed by :
|
- direct orders from foreign companies |
CHANGES
TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Limited liability company |
Joint stock company |
17/06/1998 |
EX-MEMBERS
/ EX-POSITIONS:
|
|
Matossi L'Orsa |
Arturo |
|
|
|
Born in SUSA |
on 17/04/1938 |
- Fiscal Code : MTSRTR38D17L013B |
|
|
|
Residence : |
MAISTRA |
, 16/C |
SILVAPLANA |
- IT - |
|
Ex-Postions |
|
Chairman |
|
Board Chairman |
|
|
Piani |
Franco |
|
|
|
Born in Firenze |
on 14/12/1955 |
- Fiscal Code : PNIFNC55T14D612Y |
|
|
|
Residence : |
Via |
Salvemini |
, 35 |
- 59100 |
Prato |
(PO) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Managing Director |
|
Board Chairman |
|
|
Piani |
Massimo |
|
|
|
Born in Firenze |
on 19/12/1968 |
- Fiscal Code : PNIMSM68T19D612Y |
|
|
|
Residence : |
Via |
Fra' Diamante |
, 7 |
- 59100 |
Prato |
(PO) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
|
Camerini |
Luigi Arideo |
|
|
|
Born in SIRMIONE |
on 23/07/1948 |
- Fiscal Code : CMRLRD48L23I633G |
|
|
|
Residence : |
Via |
MONTECATINI |
, 13 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Heusser |
Aldo Alberto |
|
|
|
Born in Luzern |
on 22/11/1934 |
- Fiscal Code : HSSLLB34S22Z133Y |
|
Ex-Postions |
|
Director |
|
|
Storai |
Daniela |
|
|
|
Born in Vernio |
on 26/08/1955 |
- Fiscal Code : STRDNL55M66L775W |
|
|
|
Residence : |
Via |
B. Ciari |
, 1 |
- 50047 |
Prato |
(PO) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
|
Barni |
Stefano |
|
|
|
Born in Prato |
on 01/04/1959 |
- Fiscal Code : BRNSFN59D01G999L |
|
|
|
Residence : |
Via |
F.lli Giachetti |
, 12 |
- 59100 |
Prato |
(PO) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
MARCHI |
ALDO |
|
|
|
Born in PRATO |
on 06/06/1954 |
- Fiscal Code : MRCLDA54H06G999I |
|
|
|
Residence : |
Via |
NARDI |
, 1 |
- 59100 |
Prato |
(PO) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Becheri |
Alessandro |
|
|
|
Born in Prato |
on 22/10/1963 |
- Fiscal Code : BCHLSN63R22G999P |
|
|
|
Residence : |
Via |
G. Dolci |
, 10 |
- 59100 |
Prato |
(PO) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Falconi |
Francesco |
|
|
|
Born in Prato |
on 13/06/1969 |
- Fiscal Code : FLCFNC69H13G999G |
|
|
|
Residence : |
Via |
Modigliani |
, 7 |
- 59021 |
Vaiano |
(PO) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
MARCHI |
MARIO |
|
|
|
Born in PRATO |
on 16/09/1948 |
- Fiscal Code : MRCMRA48P16G999X |
|
|
|
Residence : |
Piazza |
TONINI |
, 5 |
- 55042 |
Forte dei Marmi |
(LU) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
ANICHINI |
FABIANO |
|
|
|
Born in PRATO |
on 31/05/1963 |
- Fiscal Code : NCHFBN63E31G999O |
|
|
|
Residence : |
Via |
ARRIGO DEL RIGO |
, 20 |
- 59100 |
Prato |
(PO) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of
merging by taking over of |
|
|
|
TEXFIM S.R.L. |
|
|
|
Via |
Pollative |
, 125 D/E |
, 59100 |
, Prato |
(PO) |
- IT - |
|
|
|
Fiscal Code: 00504180977 |
|
|
|
Date |
Merging/splitting-up project : |
12/11/2007 |
|
|
The firm
absorbed by merging of |
|
|
|
TEXFIM S.R.L. |
|
|
|
Via |
Pollative |
, 125 D/E |
, 59100 |
, Prato |
(PO) |
- IT - |
|
|
|
Fiscal Code: 00504180977 |
|
|
|
Date |
: |
31/01/2008 |
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 1990.
The analysis is based on the
latest 3 balance sheets.
Under the financial profile
unstable results are noted. with a loss in the last financial year. In the last
financial year an increase in the turnover has been registered (+14,16%).
The operating result in 2010 was
positive (4,64%) and reflects the field's average.
The amount of the operating
result for the year 2010 is of Eur. 176.103 on stable levels if compared to the
previous year.
A gross operating margine for a
value of Eur. 231.214 was reached. with no sensible increase as against 2009.
The financial status of the
company is fairly balanced with an indebtedness level of 3,3 but with an
increase as against the previous accounting period.
The equity capital is equal to
Eur. 490.361 , recording a -38,94% decrease.
During the last financial year
total debts volume reached Eur. 2.961.299 (Eur. 1.183.991 were m/l term ones)
with a growth equal to 20,16%.
Available funds are good.
The financial management
generated a negative cash flow (Eur. -257.679).
Labour cost expenses amount to
Eur. 155.166 , representing 6,17% on the total of production costs. , with a 6%
incidence on turnover.
The incidence percentage of
financial charges on sales volume is equal to -3,64%.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
2.586.107 |
|
Profit (Loss) for the period |
-312.790 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
2.265.170 |
|
Profit (Loss) for the period |
12.352 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
2.478.928 |
|
Profit (Loss) for the period |
19.738 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
1.737.109 |
|
Profit (Loss) for the period |
-175.140 |
|
|
|
Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
6.709.986 |
|
Profit (Loss) for the period |
-66.613 |
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 |
0,48 |
0,50 |
0,46 |
0,10 |
|
Elasticity Ratio |
Units |
0,50 |
0,49 |
0,52 |
0,87 |
|
Availability of stock |
Units |
0,18 |
0,22 |
0,23 |
0,21 |
|
Total Liquidity Ratio |
Units |
0,32 |
0,26 |
0,29 |
0,61 |
|
Quick Ratio |
Units |
0,04 |
0,01 |
0,00 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
3,30 |
1,62 |
1,97 |
4,04 |
|
Self Financing Ratio |
Units |
0,13 |
0,22 |
0,19 |
0,16 |
|
Capital protection Ratio |
Units |
1,47 |
0,89 |
0,87 |
0,59 |
|
Liabilities consolidation quotient |
Units |
0,69 |
0,88 |
0,92 |
0,11 |
|
Financing |
Units |
6,04 |
3,07 |
3,73 |
4,85 |
|
Permanent Indebtedness Ratio |
Units |
0,45 |
0,54 |
0,54 |
0,26 |
|
M/L term Debts Ratio |
Units |
0,32 |
0,32 |
0,35 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
2,74 |
1,01 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
0,95 |
1,09 |
1,18 |
2,12 |
|
Current ratio |
Units |
1,07 |
1,32 |
1,37 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,68 |
0,72 |
0,76 |
0,88 |
|
Structure's primary quotient |
Units |
0,27 |
0,44 |
0,42 |
1,40 |
|
Treasury's primary quotient |
Units |
0,09 |
0,03 |
0,01 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
773,34 |
455,22 |
522,67 |
620,22 |
|
Current Capital ( net ) |
Value |
129.749 |
433.902 |
583.170 |
131.413 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
- 9,96 |
3,03 |
3,85 |
2,27 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
- 63,79 |
1,54 |
2,50 |
6,70 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
- 55,95 |
3,12 |
4,71 |
18,85 |
|
Return on Investment ( R.O.I. ) |
% |
4,64 |
4,60 |
4,25 |
4,76 |
|
Return/ Sales |
% |
6,81 |
7,43 |
7,08 |
3,70 |
|
Extra Management revenues/charges incid. |
% |
- 177,62 |
7,34 |
11,24 |
28,15 |
|
Cash Flow |
Value |
-257.679 |
68.564 |
95.523 |
39.655 |
|
Operating Profit |
Value |
176.103 |
168.317 |
175.618 |
63.123 |
|
Gross Operating Margin |
Value |
231.214 |
224.529 |
251.403 |
99.042 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
n.c. |
n.c. |
156,54 |
119,16 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
85,97 |
116,83 |
|
Average stock waiting period |
Days |
96,61 |
129,32 |
138,76 |
58,39 |
|
Rate of capital employed return ( Turnover
) |
Units |
0,68 |
0,62 |
0,60 |
1,36 |
|
Rate of stock return |
Units |
3,73 |
2,78 |
2,59 |
6,14 |
|
Labour cost incidence |
% |
6,00 |
6,98 |
6,69 |
8,98 |
|
Net financial revenues/ charges incidence |
% |
- 3,64 |
- 5,56 |
- 7,46 |
- 1,08 |
|
Labour cost on purchasing expenses |
% |
6,17 |
6,79 |
6,45 |
8,98 |
|
Short-term financing charges |
% |
3,19 |
5,11 |
6,35 |
2,60 |
|
Capital on hand |
% |
146,63 |
161,41 |
166,74 |
73,17 |
|
Sales pro employee |
Value |
646.526 |
566.292 |
495.785 |
394.001 |
|
Labour cost pro employee |
Value |
38.791 |
39.537 |
33.177 |
34.340 |
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:
120.000
Eur.
|
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 2.551 significant companies.
The companies cash their credits
on an average of 119 dd.
The average duration of
suppliers debts is about 116 dd.
The sector's profitability is on
an average of 2,27%.
The labour cost affects the
turnover in the measure of 8,98%.
Goods are held in stock in a
range of 58 dd.
The difference between the sales
volume and the resources used to realize it is about 1,36.
The employees costs represent
the 8,98% 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.49.79 |
|
UK Pound |
1 |
Rs.78.79 |
|
Euro |
1 |
Rs.65.73 |
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.