|
Report Date : |
08.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
ALVE S.R.L. |
|
|
|
|
Registered Office : |
Via Werner Von Siemens, 8, 41012 – Carpi (MO) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
16.12.2008 |
|
|
|
|
Legal Form : |
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 : |
06 to 10 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Alve S.r.l.
Via Werner Von Siemens, 8
41012 - Carpi (MO) -IT-
|
Fiscal Code |
: |
03237200369 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
16/12/2008 |
|
Equity |
: |
35.000 Eur |
|
Turnover Range |
: |
1.250.000/1.500.000 Eur |
|
Number of Employees |
: |
from 6 to 10 |
|
|
Manufacture of textile
machinery, machinery and systems for auxiliary treatment of textiles, sewing
and weaving machines (including spar e parts and accessories)
Legal Form : Limited liability
company
|
Fiscal Code : 03237200369 |
|
Chamber of Commerce no. : 239589 of
Mantova |
|
Chamber of Commerce no. : 370520 of Modena
since 23/12/2008 |
|
V.A.T. Code : 03237200369 |
|
Establishment date |
: 16/12/2008 |
|
|
Start of Activities |
: 16/12/2008 |
|
|
Legal duration |
: 31/12/2040 |
|
|
Nominal Capital |
: 20.000 |
Eur |
|
Subscribed Capital |
: 20.000 |
Eur |
|
Paid up Capital |
: 20.000 |
Eur |
|
|
Boni |
Paolo |
|
|
|
Born in Carpi |
(MO) |
on 02/12/1965 |
- Fiscal Code : BNOPLA65T02B819U |
|
|
|
Residence : |
Via |
Del Melograno |
, 23 |
- 41012 |
Carpi |
(MO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
16/12/2008 |
|
|
|
Responsible technician |
|
|
|
|
|
No Protests
registered |
*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.
Shareholders' list as at date of
data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Boni Paolo |
Carpi - IT - |
BNOPLA65T02B819U |
19.600 .Eur |
98,00 |
|
Balboni Elena |
|
BLBLNE66E48B819L |
400 .Eur |
2,00 |
The Company under review has no
participations in other Companies.
In order to carry out its
activities the firm uses the following locations:
|
- |
Legal and
operative seat |
|
|
|
|
|
|
Via |
Werner Von Siemens |
, 8 |
- 41012 |
- Carpi |
(MO) |
- IT - |
|
|
|
|
PHONE |
: 059/681241 |
|
- |
Branch |
(Factory ) |
since 01/11/2009 |
|
|
|
|
|
Via |
Iv Novembre |
, 27/B |
- 46024 |
- Moglia |
(MN) |
- IT - |
|
|
|
|
Employees |
: 6 |
|
|
|
|
Assistants |
: 1 |
|
Stocks for a value of 130.000 |
Eur |
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 some years ago (2008).
The latest 2 available b/s have
been used.
Under an economic point of view,
profits were registered during the last years with a r.o.e. of 18,02% in 2010
and with an upward trend in turnover trend during the last financial year
(+50,75% in 2010).
The operating result in 2010 was
positive (9,84%) falling within the field's average.
An operating result of Eur.
33.671 has been registered. showing an upward trend 79,12% compared to the
previous financial year.
The gross operating margin of
the latest financial year is of Eur. 40.926 with a 88,88% growth.
Short-term debts volume if
compared to net worth, as it comes out from the total indebtedness (10,96)
which tends downward.
With regard to equity capital,
an amount of Eur. 25.631 is registered. with a growth of 22% in 2010.
Eur. 282.429 is the amount of
total debts, both commercial and of different nature, , with a fall of -29,09%.
Current liquid assets is
positive.
The financial management
generated a cash flow of Eur. 11.873.
Labour cost expenses amount to
Eur. 192.167 , representing 14,66% on the total of production costs. , whereas
the incidence on sales revenues is of 14,3%.
The financial management has a
limited economic impact, equal to -0,67% on the sales.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
1.343.566 |
|
Profit (Loss) for the period |
4.618 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
891.208 |
|
Profit (Loss) for the period |
1.009 |
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 |
0,15 |
0,07 |
0,18 |
|
Elasticity Ratio |
Units |
0,85 |
0,93 |
0,80 |
|
Availability of stock |
Units |
0,37 |
0,18 |
0,24 |
|
Total Liquidity Ratio |
Units |
0,48 |
0,75 |
0,48 |
|
Quick Ratio |
Units |
0,00 |
0,00 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
Net Short-term indebtedness |
Units |
10,96 |
18,96 |
3,25 |
|
Self Financing Ratio |
Units |
0,07 |
0,05 |
0,19 |
|
Capital protection Ratio |
Units |
0,04 |
0,00 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,06 |
0,03 |
0,19 |
|
Financing |
Units |
11,02 |
18,96 |
3,80 |
|
Permanent Indebtedness Ratio |
Units |
0,13 |
0,07 |
0,36 |
|
M/L term Debts Ratio |
Units |
0,05 |
0,02 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
0,63 |
|
CORRELATION |
|
|
|
|
|
Fixed assets ratio |
Units |
0,84 |
1,09 |
1,75 |
|
Current ratio |
Units |
1,02 |
1,02 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,58 |
0,83 |
0,81 |
|
Structure's primary quotient |
Units |
0,50 |
0,73 |
1,03 |
|
Treasury's primary quotient |
Units |
0,00 |
0,00 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
1.335,14 |
2.086,95 |
516,42 |
|
Current Capital ( net ) |
Value |
6.904 |
9.814 |
422.465 |
|
RETURN |
|
|
|
|
|
Return on Sales |
% |
0,88 |
0,44 |
3,35 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
18,02 |
4,80 |
5,13 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
96,09 |
84,32 |
14,77 |
|
Return on Investment ( R.O.I. ) |
% |
9,84 |
4,29 |
4,16 |
|
Return/ Sales |
% |
2,51 |
2,11 |
4,11 |
|
Extra Management revenues/charges incid. |
% |
13,72 |
5,37 |
28,57 |
|
Cash Flow |
Value |
11.873 |
3.878 |
122.482 |
|
Operating Profit |
Value |
33.671 |
18.798 |
144.751 |
|
Gross Operating Margin |
Value |
40.926 |
21.667 |
241.990 |
|
MANAGEMENT |
|
|
|
|
|
Credits to clients average term |
Days |
n.c. |
n.c. |
111,85 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
128,30 |
|
Average stock waiting period |
Days |
33,52 |
31,80 |
80,43 |
|
Rate of capital employed return ( Turnover
) |
Units |
3,93 |
2,03 |
1,08 |
|
Rate of stock return |
Units |
10,74 |
11,32 |
4,45 |
|
Labour cost incidence |
% |
14,30 |
20,33 |
19,12 |
|
Net financial revenues/ charges incidence |
% |
- 0,67 |
- 0,12 |
- 1,08 |
|
Labour cost on purchasing expenses |
% |
14,66 |
20,77 |
19,02 |
|
Short-term financing charges |
% |
3,20 |
0,27 |
2,68 |
|
Capital on hand |
% |
25,47 |
49,20 |
91,91 |
|
Sales pro employee |
Value |
223.927 |
178.241 |
198.432 |
|
Labour cost pro employee |
Value |
32.027 |
36.243 |
35.779 |
|
Population living in the province |
: |
659.925 |
|
Population living in the region |
: |
4.151.369 |
|
Number of families in the region |
: |
1.748.359 |
Monthly family expenses average
in the region (in Eur.) :
|
- per food products |
: |
425 |
|
- per non food products |
: |
2.063 |
|
- per energy consume |
: |
143 |
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 lowly risky.
In the region 18.860 protested
subjects are found; in the province they count to 3.557.
The insolvency index for the
region is 0,46, , while for the province it is 0,55.
Total Bankrupt companies in the
province : 2.526.
Total Bankrupt companies in the
region : 14.698.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.34 |
|
UK Pound |
1 |
Rs.86.09 |
|
Euro |
1 |
Rs.69.37 |
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.