MIRA
INFORM REPORT
|
Report Date : |
03.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
JAEGGLI MECCANOTESSILE S.R.L. |
|
|
|
|
Registered Office : |
Piazza S. Ambrogio, 16 20100 Milano, IT- |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
27.11.1990 |
|
|
|
|
Legal Form : |
Sole-Member Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of textile machinery, machinery and systems for
auxiliary treatment of textiles, sewing and weaving machines |
|
|
|
|
No. of Employees : |
25 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
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 (31.12.2011) |
Current Rating (31.03.2012) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name and address
|
Jaeggli
Meccanotessile S.r.l. |
|
Piazza |
S. Ambrogio, |
16 |
|
20100 |
- Milano |
(MI) |
-IT- |
Summary
|
Fiscal Code |
: |
01915760134 |
|
Legal Form |
: |
Sole-Member Limited Liability
Company |
|
start of Activities |
: |
08/10/1996 |
|
Equity |
: |
750.000 Eur |
|
Turnover Range |
: |
5.000.000/6.500.000 Eur |
|
Number of Employees |
: |
from 16 to 25 |
Activity
Manufacture of textile
machinery, machinery and systems for auxiliary treatment of textiles, sewing
and weaving machines (including spare parts and accessories)
Wholesale of machinery for the
textile industry and sewing and knitting machines
Legal Data
Legal Form : Sole-Member Limited
Liability Company
|
Fiscal Code : 01915760134 |
|
Foreign Trade Reg. no. :
MI252730 since 15/10/1996 |
|
Chamber of Commerce no. :
319805 of Bergamo |
|
Chamber of Commerce no. :
226535 of Como |
|
Chamber of Commerce no. :
1505234 of Milano since 24/09/1996 |
|
Chamber of Commerce no. :
320428 of Varese |
|
Firms' Register : CO075-26034 |
|
Firms' Register :
MI-1996-794848 |
|
V.A.T. Code : 11892830156 |
|
Establishment date |
: 27/11/1990 |
|
|
Start of Activities |
: 08/10/1996 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 50.000 |
Eur |
|
Subscribed Capital |
: 50.000 |
Eur |
|
Paid up Capital |
: 50.000 |
Eur |
Members
|
|
Spampatti
|
Napoleone
|
|
|
|
Born in Bergamo |
(BG) |
on 27/07/1943 |
- Fiscal Code :
SPMNLN43L27A794P |
|
|
|
Residence : |
Piazza |
Vittorio Veneto |
, 32 |
- 22036 |
Erba |
(CO) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
21/04/2011 |
|
|
|
|
No Protests
registered |
|
|
Reggiani
Macchine S.p.a. |
|
|
|
|
|
|
Residence : |
Via |
Zanica |
, 17/O |
- 24050 |
Grassobbio |
(BG) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Sole partner |
|
|
|
|
|
No Protests
registered |
|
|
Gianetti
|
Alfredo
|
|
|
|
Born in Milano |
(MI) |
on 22/01/1934 |
- Fiscal Code :
GNTLRD34A22F205C |
|
|
|
Residence : |
Via |
Beato Angelico |
, 3 |
- 20133 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Managing Director |
21/04/2011 |
|
|
|
Director |
21/04/2011 |
|
|
|
Board Chairman |
21/04/2011 |
|
|
|
|
No
Protests registered |
|
|
Tricomi
|
Antonino
|
|
|
|
Born in Castelleone |
(CR) |
on 02/09/1948 |
- Fiscal Code :
TRCNNN48P02C153R |
|
|
|
Residence : |
Via |
Viviani |
, 20/A |
- 26013 |
Crema |
(CR) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
21/04/2011 |
|
|
|
|
No
Protests registered |
Companies connected to members *
*checkings have been performed
on a national scale.
In this module are listed the
companies in which members hold or have holded positions.
|
|
GIANETTI
|
ALFREDO
|
|
Firm's Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
BELLCO S.R.L. |
Milano (MI) - IT - |
02120780156 |
Chairman
|
Withdrawn |
Ceased |
|
CANTAMESSA S.E. - S.P.A. |
Endine Gaiano (BG) - IT - |
00824090237 |
Director
|
Withdrawn |
Ceased |
|
CBF S.R.L. |
Grassobbio (BG) - IT - |
03082490164 |
Director
|
Active |
Registered |
|
DUFRITAL S.P.A. |
Milano (MI) - IT - |
04484650157 |
Director
|
Withdrawn |
Registered |
|
EURONIL S.P.A. THERMOPLASTIC
COMPOUNDS |
Rho (MI) - IT - |
11408800156 |
Director
|
Withdrawn |
Registered |
|
FI. IND SPA |
Milano (MI) - IT - |
05965220014 |
Director
|
Active |
Registered |
|
FI. IND SPA |
Milano (MI) - IT - |
05965220014 |
Board
Chairman |
Active |
Registered |
|
GIANETTI S.N.C. DI ALFREDO E ROBERTO
MASSIMO GINO GIANETTI |
Milano (MI) - IT - |
10623650156 |
Partner
|
Active |
Registered |
|
INDUSTRIA TESSILE DI VERCELLI
S.P.A. |
Milano (MI) - IT - |
00227640133 |
Director
|
Withdrawn |
Ceased |
|
ITALVISCOSA TRADING S.P.A. |
Cinisello Balsamo (MI) - IT - |
00737750158 |
Board
Chairman |
Withdrawn |
Ceased |
|
JAEGGLI S.P.A. IN LIQUIDAZIONE
|
Milano (MI) - IT - |
06507070156 |
Director
|
Withdrawn |
Liquidated |
|
M.V.V. MECCANICO VITTORIO
VENETO S.R.L. |
Milano (MI) - IT - |
05010640158 |
Chairman
|
Withdrawn |
Registered |
|
NORDEF S.R.L. |
Milano (MI) - IT - |
12336100156 |
Director
|
Withdrawn |
Registered |
|
NOVACETA S.P.A. |
Milano (MI) - IT - |
04787970153 |
Managing
Director |
Withdrawn |
Ceased |
|
NUOVA TORCITURA DI SAGRADO
S.P.A. - IN LIQUIDAZIONE |
Sagrado (GO) - IT - |
07659520154 |
Chairman
|
Withdrawn |
Ceased |
|
NUOVA TORCITURA DI SAGRADO
S.P.A. - IN LIQUIDAZIONE |
Sagrado (GO) - IT - |
07659520154 |
Director
|
Withdrawn |
Ceased |
|
NUOVA TORCITURA DI SAGRADO
S.P.A. - IN LIQUIDAZIONE |
Sagrado (GO) - IT - |
07659520154 |
Board
Chairman |
Withdrawn |
Ceased |
|
NUOVA TORCITURA DI VITTORIO
VENETO S.P.A. |
Sagrado (GO) - IT - |
06645630150 |
Director
|
Withdrawn |
Ceased |
|
NUOVA TORCITURA DI VITTORIO
VENETO S.P.A. |
Sagrado (GO) - IT - |
06645630150 |
Board
Chairman |
Withdrawn |
Ceased |
|
REGGIANI MACCHINE S.P.A. |
Grassobbio (BG) - IT - |
02349480166 |
Director
|
Active |
Registered |
|
REGGIANI MACCHINE S.P.A. |
Grassobbio (BG) - IT - |
02349480166 |
Board
Chairman |
Active |
Registered |
|
SEPAREM S.P.A. |
Bergamo (BG) - IT - |
01733120164 |
Director
|
Withdrawn |
Ceased |
|
SIM ASSICURAZIONI S.P.A. |
Milano (MI) - IT - |
03357760150 |
Director
|
Withdrawn |
Ceased |
|
SOCIETA' PER AZIONI ESERCIZI
AEROPORTUALI S.E.A. |
Segrate (MI) - IT - |
00826040156 |
Chairman
|
Withdrawn |
Registered |
|
SOCIETA' PER AZIONI ESERCIZI
AEROPORTUALI S.E.A. |
Segrate (MI) - IT - |
00826040156 |
Managing
Director |
Withdrawn |
Registered |
|
SOCIETA' PER AZIONI ESERCIZI
AEROPORTUALI S.E.A. |
Segrate (MI) - IT - |
00826040156 |
Director
|
Withdrawn |
Registered |
|
SOCIETA' PER AZIONI ESERCIZI
AEROPORTUALI S.E.A. |
Segrate (MI) - IT - |
00826040156 |
Assistant
board Chairman |
Withdrawn |
Registered |
|
TECNONYLON S.P.A. |
Roma (RM) - IT - |
05010660156 |
Chairman
|
Withdrawn |
Ceased |
|
TECNONYLON SPA |
Milano (MI) - IT - |
06280871582 |
Board
Chairman |
Withdrawn |
Ceased |
|
TESMEC SPA |
Milano (MI) - IT - |
10227100152 |
Director
|
Withdrawn |
Registered |
|
TESMEC SPA |
Milano (MI) - IT - |
10227100152 |
Board
Chairman |
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.
Capital Shareholders
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal
Code |
Owned
Shares |
%
Ownership |
|
Reggiani Macchine S.p.a. |
Grassobbio - IT - |
02349480166 |
|
100,00
|
Direct Participations
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal
Code |
Owned
Shares Amount |
%
Ownership |
since
|
until
|
Share
Status |
|
TR SOCIETA' CONSORTILE A
RESPONSABILITA' |
|
03234190167 |
5.000
.Eur |
50,00
|
|
|
Active |
Firm's location and structure
In order to carry out its activities
the firm uses the following locations:
|
- |
Legal
and operative seat |
|
|
|
|
|
|
Piazza |
S. Ambrogio |
, 16 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
|
|
|
PHONE |
: 02/8057795 |
|
- |
Branch
|
(Administrative
office ) |
since 23/09/2003 |
|
|
|
|
|
Via |
Zanica |
, 17/O |
- 24050 |
- Grassobbio |
(BG) |
- IT - |
|
- |
Branch
|
(Factory
) |
since 01/01/2009 |
|
|
|
|
|
Via |
Archimede |
, 454 |
- 21042 |
- Caronno Pertusella |
(VA) |
- IT - |
|
|
|
|
Employees |
: 21 |
|
Fittings and Equipment for a
value of 110.000 |
Eur |
|
Stocks for a value of
3.580.000 |
Eur |
|
|
Historical Information and/or Firm's Status
EX-MEMBERS
/ EX-POSITIONS:
|
|
Riva
|
Ferdinando
|
|
|
|
Born in OGGIONO |
on 10/10/1940 |
- Fiscal Code :
RVIFDN40R10G009Q |
|
|
|
Residence : |
Via |
FORNARA |
, 5 |
- 21016 |
Luino |
(VA) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
Caccia
Dominioni |
Ambrogio
|
|
|
|
Born in Morbegno |
on 27/08/1946 |
- Fiscal Code :
CCCMRG46M27F712O |
|
|
|
Residence : |
Via |
Privata A. Caccia Dominoni |
, 10 |
- 23017 |
Morbegno |
(SO) |
- IT - |
|
Ex-Postions |
|
Chairman |
|
Director |
|
Assistant board Chairman |
|
Managing Director |
Protests
Protests checking on the subject
firm has given a negative result.
Data Base Prejudicial Events
Search
Search performed on a National
Scale
|
|
|
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 company is active since 1996
The economic-financial analysis
has been made on the base of the latest 2 balance sheets.
Under an economic point of view,
profits were registered during the last years with a r.o.e. of 1,54% in 2010
and during the last financial year an increase in sales volume was registered
(+47,78% in 2010).
The operating result was
positive in the last financial year (2,27%) falling within the field's average.
The operating result is positive
and amounts to Eur. 198.169 showing a fall as opposed to the previous year
(-27,09%).
The gross operating margin of
the latest financial year is of Eur. 403.473 stable if compared to the
financial year 2009.
The financial status of the
company is fairly balanced with an indebtedness level of 3,99 and decreasing as
against 2009.
The management generated equity
capital for an amount of Eur. 598.208 on stable levels.
Total indebtedness was equal to
Eur. 7.767.455 (Eur. 5.258.576 was the value of m/l term debts) , rising as
opposed to the previous year (+30,33%).
The recourse to financial credit
is within the limits; on the other hand the recourse to suppliers' credit is
rated as fairly high and higher than sector's average.
Liquidity is however good.
As far as the collection of
credit goes, the average is high (104,17 days). but on the same levels as the
average of the sector.
During financial year 2010 the
cash flow amounted to Eur. 214.490
During 2010 financial year
labour costs amounted to Eur. 1.395.507, with a 19,88% incidence on production
costs. and a 23,59% incidence on sales volumes.
Financial charges have a high
incidence (-1,84%) on turnover figures.
Financial Data
|
|
|
Complete balance-sheet for the
year |
31/12/2010 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
5.915.650 |
|
Profit (Loss) for the period |
9.186 |
|
|
|
Complete balance-sheet for the
year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
4.002.818 |
|
Profit (Loss) for the period |
5.570 |
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 |
|
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|
|
RATIOS |
Value Type |
as
at 31/12/2010 |
as
at 31/12/2009 |
Sector
Average |
|
COMPOSITION
ON INVESTMENT |
|
|
|
|
|
Rigidity Ratio |
Units |
0,24 |
0,20 |
0,10 |
|
Elasticity Ratio |
Units |
0,76 |
0,80 |
0,87 |
|
Availability of stock |
Units |
0,41 |
0,39 |
0,21 |
|
Total Liquidity Ratio |
Units |
0,35 |
0,40 |
0,61 |
|
Quick Ratio |
Units |
0,01 |
0,08 |
0,03 |
|
COMPOSITION
ON SOURCE |
|
|
|
|
|
Net Short-term indebtedness |
Units |
3,99 |
5,75 |
4,04 |
|
Self Financing Ratio |
Units |
0,07 |
0,09 |
0,16 |
|
Capital protection Ratio |
Units |
0,90 |
0,91 |
0,59 |
|
Liabilities consolidation
quotient |
Units |
2,24 |
0,59 |
0,11 |
|
Financing |
Units |
12,98 |
10,12 |
4,85 |
|
Permanent Indebtedness Ratio |
Units |
0,71 |
0,42 |
0,26 |
|
M/L term Debts Ratio |
Units |
0,64 |
0,34 |
0,07 |
|
Net Financial Indebtedness
Ratio |
Units |
0,68 |
0,39 |
1,01 |
|
CORRELATION |
|
|
|
|
|
Fixed assets ratio |
Units |
2,97 |
2,09 |
2,12 |
|
Current ratio |
Units |
2,64 |
1,38 |
1,16 |
|
Acid Test Ratio-Liquidity
Ratio |
Units |
1,21 |
0,70 |
0,88 |
|
Structure's primary quotient |
Units |
0,29 |
0,42 |
1,40 |
|
Treasury's primary quotient |
Units |
0,05 |
0,14 |
0,04 |
|
Rate of indebtedness (
Leverage ) |
% |
1.457,19 |
1.166,95 |
620,22 |
|
Current Capital ( net ) |
Value |
4.108.926 |
1.513.670 |
|
|
RETURN |
|
|
|
|
|
Return on Sales |
% |
3,63 |
3,62 |
2,27 |
|
Return on Equity - Net- (
R.O.E. ) |
% |
1,54 |
0,95 |
6,70 |
|
Return on Equity - Gross - (
R.O.E. ) |
% |
16,42 |
10,33 |
18,85 |
|
Return on Investment ( R.O.I.
) |
% |
2,27 |
3,95 |
4,76 |
|
Return/ Sales |
% |
3,35 |
6,79 |
3,70 |
|
Extra Management
revenues/charges incid. |
% |
4,64 |
2,05 |
28,15 |
|
Cash Flow |
Value |
214.490 |
145.095 |
|
|
Operating Profit |
Value |
198.169 |
271.806 |
|
|
Gross Operating Margin |
Value |
403.473 |
411.331 |
|
|
MANAGEMENT |
|
|
|
|
|
Credits to clients average
term |
Days |
104,17 |
111,35 |
119,16 |
|
Debts to suppliers average
term |
Days |
420,72 |
514,28 |
116,83 |
|
Average stock waiting period |
Days |
217,58 |
242,21 |
58,39 |
|
Rate of capital employed
return ( Turnover ) |
Units |
0,68 |
0,58 |
1,36 |
|
Rate of stock return |
Units |
1,65 |
1,49 |
6,14 |
|
Labour cost incidence |
% |
23,59 |
29,27 |
8,98 |
|
Net financial revenues/
charges incidence |
% |
-
1,84 |
-
3,41 |
-
1,08 |
|
Labour cost on purchasing
expenses |
% |
19,88 |
26,38 |
8,98 |
|
Short-term financing charges |
% |
1,41 |
2,30 |
2,60 |
|
Capital on hand |
% |
147,36 |
171,72 |
73,17 |
|
Sales pro employee |
Value |
281.697 |
210.674 |
|
|
Labour cost pro employee |
Value |
66.452 |
61.662 |
|
Credit Opinion Determination
The credit opinion determination
is divided into two phases :
1) Risk analysis (Score).
2) Reliability score
identification.
Risk Analysis (Score)
On the base of precise
indicators as "Activity sector", "Area", "Firm's
foundation", "Payment analysis","Profitability", we analysed
the companies included in the same activity sector of subject company,
classifying them by their own risk score.
The company under review falls within the range of Low risk
.
Reliability Score
Considering also subject's
structural and behavioural characteristics its credit margin rate (from 0 to
100%) is equal to 79%, in respect of a sector average of 49%.
Market / Territory Data
|
Population living in the
province |
: |
|
|
Population living in the
region |
: |
|
|
Number of families in the
region |
: |
|
3.839.216Monthly family expences average
in the region (in Eur.) :
|
- per food products |
: |
|
|
- per non food products |
: |
|
|
- per energy consume |
: |
|
Sector Data
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.
Statistical Detrimental Data
The area is statistically
considered lowly risky.
In the region 50.886 protested
subjects are found; in the province they count to 24.765.
The insolvency index for the
region is 0,55, , while for the province it is 0,66.
Total Bankrupt companies in the
province : 22.523.
Total Bankrupt companies in the
region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.93 |
|
|
1 |
Rs.85.85 |
|
Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.