|
Report Date : |
20.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
TEX - MA S.R.L. |
|
|
|
|
Registered Office : |
Via Caduti Partigiani, 5 Soci 52011 Bibbiena (AR) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
27.11.1975 |
|
|
|
|
Com. Reg. No.: |
AR002-3107 since 19/02/1996 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of textile machinery, machinery and systems for auxiliary treatment of textiles, sewing and weaving machines (including spare parts and accessories) |
|
|
|
|
No. of Employees : |
6 to 10 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
90.000 - 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 30, 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 |
Tex - Ma S.r.l.
Via Caduti Partigiani,5 Soci
52011 Bibbiena (AR) -IT-
|
Fiscal Code |
: |
00190500512 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
27/11/1975 |
|
Equity |
: |
750.000 Eur |
|
Turnover Range |
: |
2.250.000/3.000.000 Eur |
|
Number of Employees |
: |
fom 6 to 10 |
|
Credit Opinion |
: |
90.000 - Eur |
|
|
Manufacture of textile machinery, machinery and systems for auxiliary
treatment of textiles, sewing and weaving machines (including spare parts and
accessories)
Wholesale of textile products
Legal Form : Limited liability company
|
Fiscal Code : 00190500512 |
|
Foreign Trade Reg. no. : AR003458 since 21/12/1991 |
|
Foreign Trade Reg. no. : 003458 of Arezzo since 21/12/1991 |
|
Foreign Trade Reg. no. : 051228 of Arezzo |
|
Chamber of Commerce no. : 63544 of Arezzo since 18/12/1975 |
|
Chamber of Commerce no. : 115496 of Pistoia |
|
Firms' Register : AR002-3107 since 19/02/1996 |
|
V.A.T. Code : 00190500512 |
|
Foundation date |
: 27/11/1975 |
|
|
Establishment date |
: 27/11/1975 |
|
|
Start of Activities |
: 27/11/1975 |
|
|
Legal duration |
: 31/12/2020 |
|
|
Nominal Capital |
: 40.560 |
Eur |
|
Subscribed Capital |
: 40.560 |
Eur |
|
Paid up Capital |
: 40.560 |
Eur |
|
|
Milli |
Giovanni |
|
|
|
Born in Bibbiena |
(AR) |
on 18/08/1967 |
- Fiscal Code : MLLGNN67M18A851A |
|
|
|
Residence : |
Via |
Casa Silli |
, 9 |
- 52010 |
Bibbiena |
(AR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/10/2008 |
|
|
|
|
No Protests registered |
|
|
Milli |
Orlando |
|
|
|
Born in Bibbiena |
(AR) |
on 26/09/1942 |
- Fiscal Code : MLLRND42P26A851Y |
|
|
|
Residence : |
Localita' |
Casa Silli |
, 9 |
- 52010 |
Bibbiena |
(AR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/10/2008 |
|
|
|
|
No Protests registered |
|
|
Milli |
Carlo |
|
|
|
Born in Bibbiena |
(AR) |
on 06/02/1932 |
- Fiscal Code : MLLCRL32B06A851Y |
|
|
|
Residence : |
Via |
Nazionale |
, 54/A |
- 52011 |
Bibbiena |
(AR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/10/2008 |
|
|
|
Board Chairman |
23/10/2008 |
|
|
|
|
No Protests registered |
|
|
Milli |
Francesco |
|
|
|
Born in Bibbiena |
(AR) |
on 31/01/1936 |
- Fiscal Code : MLLFNC36A31A851X |
|
|
|
Residence : |
Via |
Michelangelo |
, 16 |
- 52010 |
Bibbiena |
(AR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/10/2008 |
|
|
|
|
No Protests registered |
|
|
Milli |
Gianna |
|
|
|
Born in Arezzo |
(AR) |
on 10/04/1967 |
- Fiscal Code : MLLGNN67D50A390U |
|
|
|
Residence : |
Via |
Giotto |
, 16/B |
- 52010 |
Bibbiena |
(AR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/10/2008 |
|
|
|
|
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.
|
|
MILLI |
CARLO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
CEMAT DI LUCARELLI ANDREA E C. S.A.S. |
- - |
01269880470 |
Limited Partner |
Withdrawn |
Ceased |
|
CMP - S.R.L. |
Pistoia (PT) - IT - |
00102820511 |
Chairman |
Withdrawn |
Liquidated |
|
CMP - S.R.L. |
Pistoia (PT) - IT - |
00102820511 |
Director |
Withdrawn |
Liquidated |
|
CMP - S.R.L. |
Pistoia (PT) - IT - |
00102820511 |
Liquidator |
Withdrawn |
Liquidated |
|
IMMOBILIARE MILLI S.R.L. |
Bibbiena (AR) - IT - |
01780380513 |
Director |
Active |
Registered |
|
IMMOBILIARE MILLI S.R.L. |
Bibbiena (AR) - IT - |
01780380513 |
Board Chairman |
Active |
Registered |
|
OFFICINE MILLI - S.R.L. |
Bibbiena (AR) - IT - |
00269540514 |
Sole Director |
Active |
Registered |
|
TECNOIMPIANTI CASENTINO S.R.L. |
Bibbiena (AR) - IT - |
00126810514 |
Director |
Withdrawn |
Ceased |
|
TECNOIMPIANTI CASENTINO S.R.L. |
Bibbiena (AR) - IT - |
00126810514 |
Sole Director |
Withdrawn |
Ceased |
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 |
|
Milli Orlando |
Bibbiena - IT - |
MLLRND42P26A851Y |
13.520 .Eur |
33,33 |
|
Milli Carlo |
Bibbiena - IT - |
MLLCRL32B06A851Y |
13.520 .Eur |
33,33 |
|
Milli Francesco |
Bibbiena - IT - |
MLLFNC36A31A851X |
13.520 .Eur |
33,33 |
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares
Amount |
% Ownership |
since |
until |
Share Status |
|
TECNOIMPIANTI CASENTINO S.R.L. |
Bibbiena - IT - |
00126810514 |
10.400 .Eur |
100,00 |
|
|
Ceased |
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
since 27/11/1975 |
|
|
|
|
|
Via |
Caduti Partigiani |
, 5 Loc. Soci |
- 52011 |
- Bibbiena |
(AR) |
- IT - |
|
|
|
|
Total Surface: 100 Sq.mt. |
|
|
|
|
PHONE |
: 0575/561166 |
|
|
|
|
FAX |
: 0575/560563 |
|
- |
Branch |
(Point of sale ) |
since 27/05/1987 |
|
|
|
|
|
Via |
Nazionale |
, 54 Loc. Soci |
- 52011 |
- Bibbiena |
(AR) |
- IT - |
|
|
|
|
PHONE |
: 0575/561166 |
|
|
|
|
PHONE |
: 0574/673102 |
|
- |
Branch |
(Point of sale ) |
since 01/12/1992 |
|
|
|
|
|
Via |
Xx Settembre |
, 2/B Loc. Soci |
- 52011 |
- Bibbiena |
(AR) |
- IT - |
|
|
|
|
Total Surface: 55 Sq.mt. |
|
|
|
|
PHONE |
: 0575/561163 |
|
- |
Branch |
(Point of sale ) |
since 07/10/1988 |
|
|
|
|
|
Via |
A. Selva |
, Loc. Ferruccia |
- 51031 |
- Agliana |
(PT) |
- IT - |
|
|
|
|
Employees |
: 6 |
|
Fittings and Equipment for a value of 1.380.000 |
Eur |
|
Stocks for a value of 440.000 |
Eur |
The firm has a direct commercial organization
Sales are on a local scale.
|
|
The firm operates abroad as importer / exporter. .
To purchase foreign products the firm uses the following channels :
|
- national or foreign important buyers |
Export represents up to 20% of the global turnover.
Products abroad are placed by :
|
- national or foreign important buyers |
Import comes generally from the following nations:
|
- Francia |
Export is mainly towards:
|
- Irlanda |
|
- Grecia |
|
|
|
- Gabon |
|
- Somalia |
EX-MEMBERS / EX-POSITIONS:
|
|
Milli |
Carlo |
|
|
|
Born in Bibbiena |
on 06/02/1932 |
- Fiscal Code : MLLCRL32B06A851Y |
|
|
|
Residence : |
Via |
Nazionale |
, 54/A |
- 52011 |
Bibbiena |
(AR) |
- IT - |
|
Ex-Postions |
|
Chairman |
|
|
Milli |
Francesco |
|
|
|
Born in Bibbiena |
on 31/01/1936 |
- Fiscal Code : MLLFNC36A31A851X |
|
|
|
Residence : |
Via |
Michelangelo |
, 16 |
- 52010 |
Bibbiena |
(AR) |
- IT - |
|
Ex-Postions |
|
Board Chairman |
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of merging by taking over of |
|
|
|
TECNOIMPIANTI CASENTINO S.R.L. |
|
|
|
Via |
NAZIONALE |
, 52011 |
, Bibbiena |
(AR) |
- IT - |
|
|
|
Fiscal Code: 00126810514 |
|
|
|
Date |
Merging/splitting-up project : |
01/01/2003 |
|
|
The firm absorbed by merging of |
|
|
|
TECNOIMPIANTI CASENTINO S.R.L. |
|
|
|
Via |
NAZIONALE |
, 52011 |
, Bibbiena |
(AR) |
- IT - |
|
|
|
Fiscal Code: 00126810514 |
|
|
|
Date |
: |
10/12/2003 |
|
|
Splitting-up and setting-up of a new company |
|
|
|
IMMOBILIARE MILLI S.R.L. |
|
|
|
, Bibbiena Via Nazionale,54 Soci |
- IT - |
|
|
|
Date |
Splitting-up : |
12/12/2003 |
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 1975.
The economic-financial analysis has been made on the base of the b/s of
the latests three years.
Unstable economic results mark the company's financial state of affairs.
anyway in 2010 a positive result was achieved (r.o.e. 4,56%). Upward trend as
to the turnover in the last financial year (+13,72%).
The operating result in 2010 was positive (4,57%) falling within the
field's average.
The operating result is positive and amounts to Eur. 70.719 with a more
then 100% growth.
The economic management produced a gross operating margin of Eur. 88.743
with a more then 100% growth.
From a financial aspect the company's status covers total short-term
debts; the indebtedness volume in 2010 is in fact 0,82 lower than in 2009.
Subject can manage an equity capital funds for an amount of Eur. 672.400
, stable in comparison with the value of the previous year.
Eur. 581.708 is the amount of total debts, both commercial and of
different nature, , with a fall of -48,12%.
Available funds are good.
As far as the cash flow is concerned during the latest financial year it
amounted to Eur. 48.693
In the last financial year labour cost was of Eur. 235.154, with a 9,23%
incidence on total costs of production. , whereas the incidence on sales
revenues is of 8,99%.
The financial management has a limited economic impact, equal to -0,19%
on the sales.
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
2.615.880 |
|
Profit (Loss) for the period |
30.669 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
2.300.091 |
|
Profit (Loss) for the period |
-114.304 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
1.820.679 |
|
Profit (Loss) for the period |
-114.317 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
3.391.808 |
|
Profit (Loss) for the period |
21.950 |
|
|
|
Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
4.033.807 |
|
Profit (Loss) for the period |
31.951 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
0,03 |
0,01 |
0,01 |
0,18 |
|
Elasticity Ratio |
Units |
0,96 |
0,98 |
0,97 |
0,80 |
|
Availability of stock |
Units |
0,28 |
0,35 |
0,45 |
0,24 |
|
Total Liquidity Ratio |
Units |
0,68 |
0,63 |
0,52 |
0,48 |
|
Quick Ratio |
Units |
0,02 |
0,04 |
0,03 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
0,82 |
1,62 |
0,99 |
3,25 |
|
Self Financing Ratio |
Units |
0,43 |
0,32 |
0,41 |
0,19 |
|
Capital protection Ratio |
Units |
0,89 |
1,11 |
1,09 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,24 |
0,11 |
0,15 |
0,19 |
|
Financing |
Units |
0,87 |
1,75 |
1,06 |
3,80 |
|
Permanent Indebtedness Ratio |
Units |
0,52 |
0,38 |
0,48 |
0,36 |
|
M/L term Debts Ratio |
Units |
0,09 |
0,06 |
0,06 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
0,63 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
18,48 |
34,19 |
26,60 |
1,75 |
|
Current ratio |
Units |
2,56 |
1,78 |
2,18 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,81 |
1,15 |
1,16 |
0,81 |
|
Structure's primary quotient |
Units |
15,30 |
28,60 |
22,91 |
1,03 |
|
Treasury's primary quotient |
Units |
0,05 |
0,07 |
0,07 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
230,21 |
316,39 |
239,52 |
516,42 |
|
Current Capital ( net ) |
Value |
910.111 |
874.825 |
952.748 |
422.465 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
1,86 |
- 4,20 |
- 5,47 |
3,35 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
4,56 |
- 17,81 |
- 15,12 |
5,13 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
9,81 |
- 19,60 |
- 16,67 |
14,77 |
|
Return on Investment ( R.O.I. ) |
% |
4,57 |
- 5,80 |
- 7,21 |
4,16 |
|
Return/ Sales |
% |
2,70 |
- 5,12 |
- 7,17 |
4,11 |
|
Extra Management revenues/charges incid. |
% |
43,37 |
n.c. |
n.c. |
28,57 |
|
Cash Flow |
Value |
48.693 |
-96.630 |
-99.688 |
122.482 |
|
Operating Profit |
Value |
70.719 |
-117.768 |
-130.585 |
144.751 |
|
Gross Operating Margin |
Value |
88.743 |
-100.094 |
-115.956 |
241.990 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
n.c. |
n.c. |
n.c. |
111,85 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
130,00 |
128,30 |
|
Average stock waiting period |
Days |
60,34 |
111,26 |
161,28 |
80,43 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,69 |
1,13 |
1,00 |
1,08 |
|
Rate of stock return |
Units |
5,97 |
3,24 |
2,23 |
4,45 |
|
Labour cost incidence |
% |
8,99 |
9,96 |
13,40 |
19,12 |
|
Net financial revenues/ charges incidence |
% |
- 0,19 |
- 0,42 |
- 1,11 |
- 1,08 |
|
Labour cost on purchasing expenses |
% |
9,23 |
9,42 |
12,38 |
19,02 |
|
Short-term financing charges |
% |
2,02 |
1,36 |
3,13 |
2,68 |
|
Capital on hand |
% |
59,17 |
88,27 |
99,46 |
91,91 |
|
Sales pro employee |
Value |
373.697 |
328.584 |
260.097 |
198.432 |
|
Labour cost pro employee |
Value |
33.593 |
32.718 |
34.874 |
35.779 |
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:
90.000 Eur.
|
Population living in the province |
: |
333.385 |
|
Population living in the region |
: |
3.598.269 |
|
Number of families in the region |
: |
1.474.681 |
Monthly family expences 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 1.206 significant companies.
The companies cash their credits on an average of 111 dd.
The average duration of suppliers debts is about 128 dd.
The sector's profitability is on an average of 3,35%.
The labour cost affects the turnover in the measure of 19,12%.
Goods are held in stock in a range of 80 dd.
The difference between the sales volume and the resources used to
realize it is about 1,08.
The employees costs represent the 19,02% 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 2.227.
The insolvency index for the region is 0,70, , while for the province it
is 0,67.
Total Bankrupt companies in the province : 1.151.
Total Bankrupt companies in the region : 20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.12 |
|
|
1 |
Rs.79.37 |
|
Euro |
1 |
Rs.66.00 |
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 SCs 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.