MIRA
INFORM REPORT
|
Report Date : |
12.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
F.A.ZOO MANGIMI S.R.L. |
|
|
|
|
Registered Office : |
Strada Micaloro, s.n., 61100 – |
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|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
2011 |
|
|
|
|
Date of Incorporation : |
01.01.1977 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Manufacture of animal feeds |
|
|
|
|
No. of Employees : |
10 |
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 |
|
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
|
F.a.zoo
Mangimi S.r.l. |
|
Strada |
Micaloro, |
s.n. |
|
61100 |
- Pesaro |
(PS) |
-IT- |
Summary
|
Fiscal Code |
: |
00361440415 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
28/09/1977 |
|
Equity |
: |
2.000.000 Eur |
|
Turnover Range |
: |
6.500.000/7.750.000 Eur |
|
Number of Employees |
: |
fom 6 to 10 |
Activity
Manufacture of animal feeds
Wholesale of seeds and animal
feeds, officinal herbs, oil seeds, see
d potatoes, unmanufactured
tabacco
Legal Data
Legal Form : Limited liability
company
|
Fiscal Code : 00361440415 |
|
Foreign Trade Reg. no. :
PS007881 since 08/02/1996 |
|
Foreign Trade Reg. no. :
007881 of Pesaro since 08/02/1996 |
|
Chamber of Commerce no. :
74911 of Pesaro since 08/11/1977 |
|
Firms' Register : PS044-2991
since 19/02/1996 |
|
V.A.T. Code : 00361440415 |
|
Foundation date |
: 01/01/1977 |
|
|
Establishment date |
: 28/09/1977 |
|
|
Start of Activities |
: 28/09/1977 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 169.228 |
Eur |
|
Subscribed Capital |
: 169.228 |
Eur |
|
Paid up Capital |
: 169.228 |
Eur |
Members
|
|
Federici
|
Giorgio
|
|
|
|
Born in Urbino |
(PS) |
on 03/11/1933 |
- Fiscal Code :
FDRGRG33S03L500U |
|
|
|
Residence : |
Via |
Lago Di Resia |
, 3 |
- 61100 |
Pesaro |
(PS) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Managing Director |
02/04/1992 |
|
|
|
Director |
30/06/1988 |
|
|
|
Board Chairman |
30/06/1988 |
|
|
|
|
No
Protests registered |
|
|
Federici
|
Marcello
|
|
|
|
Born in Urbino |
(PS) |
on 04/08/1962 |
- Fiscal Code :
FDRMCL62M04L500R |
|
|
|
Residence : |
Via |
Ponchielli |
, 72 |
- 61100 |
Pesaro |
(PS) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
30/06/1988 |
|
|
|
|
No
Protests registered |
|
|
Federici
|
Marco
|
|
|
|
Born in Pesaro |
(PS) |
on 01/07/1965 |
- Fiscal Code :
FDRMRC65L01L500R |
|
|
|
Residence : |
Via |
Ponchielli |
, 72 |
- 61100 |
Pesaro |
(PS) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
30/06/1988 |
|
|
|
|
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 |
|
Federici Giorgio |
Pesaro - IT - |
FDRGRG33S03L500U |
114.567
.Eur |
67,70
|
|
Federici Marcello |
Pesaro - IT - |
FDRMCL62M04L500R |
27.330
.Eur |
16,15
|
|
Federici Marco |
Pesaro - IT - |
FDRMRC65L01L500R |
27.331
.Eur |
16,15
|
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 |
|
Consorzio Per L'urbanizzazione
Del Comparto Produttivo Di Borgo S. Maria (pozzo |
Pesaro - IT - |
92017780419 |
|
|
|
|
Active |
Firm's location and structure
In order to carry out its
activities the firm uses the following locations:
|
- |
Legal
and operative seat |
(Factory
) |
|
|
|
|
|
Strada |
Micaloro |
, s.n. |
- 61100 |
- Pesaro |
(PS) |
- IT - |
|
|
|
|
PHONE |
: 0721/481184 |
|
|
|
|
Employees |
: 8 |
|
Fittings and Equipment for a
value of 2.360.000 |
Eur |
|
Stocks for a value of
1.930.000 |
Eur |
Trade organization: direct or by
agents.
Sales are mainly addressed to
Northern Italy
|
|
Historical
Information and/or Firm's Status
EX-MEMBERS / EX-POSITIONS:
|
|
Spinaci
|
Raul
|
|
|
|
Born in Fermignano |
on 12/01/1925 |
- Fiscal Code :
SPNRLA25A12D541B |
|
|
|
Residence : |
Via |
Dante Alighieri |
, 6 |
- 61049 |
Urbania |
(PS) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
Spinaci
|
Simone
|
|
|
|
Born in Pesaro |
on 27/10/1969 |
- Fiscal Code :
SPNSMN69R27G479I |
|
|
|
Residence : |
Via |
Alighieri |
, 6 |
- 61049 |
Urbania |
(PS) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
CEASINGS/INCORPORATIONS/MERGES
|
|
The
firm absorved |
|
|
|
|
RAM MANGIMI S.R.L.
|
|
|
, PESARO |
- IT - |
|
|
|
Date |
: |
19/11/1992 |
|
|
The
firm absorbed by merging of |
|
|
|
|
|
|
|
, PESARO |
- IT - |
|
|
|
Date |
: |
19/11/1992 |
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
Subject is active since 1977
Balance sheets for the years
2009, 2010 and 2011 were analyzed.
During the last years, it
achieved profits (r.o.e. 0,71% on 2011)
The operating result was
positive in the last financial year (0,12%) and reflects the field's average.
The amount of the operating
result for the year 2011 is of Eur. 13.068 showing a downwards trend equal to
-95,57% if compared to the value of the financial year 2010.
During the latest financial year
the gross operating margin amounted to Eur. 171.020 showing a downward trend as
opposed to the previous year.
Company's financial status is
balanced since indebtedness is not high (3,73) and decreasing as against 2010.
The equity capital is equal to
Eur. 1.517.301 on stable levels.
During the last financial year
debts totalled Eur. 9.362.871 (Eur. 3.692.740 of which were m/l term debts)
showing a stable trend as opposed to 2010 (Eur. 9.113.195).
Both financial indebtedness and
suppliers exposure are rather high besides being higher than sector's average.
Liquidity is not excellent.
Trade credits average terms are
slow, on average 139,16 days. even if compared to the average of the sector.
2011 financial year closed with
a cash flow of Eur. 168.657
Labour cost amounts to Eur.
133.222, with a 1,91% incidence on production costs. , with a 1,99% incidence
on turnover.
The incidence percentage of
financial charges on sales volume is equal to -1,56%.
Financial Data
|
|
|
Complete balance-sheet for the
year |
31/05/2011 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
6.708.279 |
|
Profit (Loss) for the period |
10.705 |
|
|
|
Complete balance-sheet for the
year |
31/12/2010 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
12.781.844 |
|
Profit (Loss) for the period |
85.386 |
|
|
|
Complete balance-sheet for the
year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
8.731.926 |
|
Profit (Loss) for the period |
75.477 |
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 31/05/2011 - 12 Mesi - Currency: Eur - Amounts x 1 |
|
-
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 31/05/2011 |
as
at 31/12/2010 |
as
at 31/12/2009 |
Sector
Average |
|
COMPOSITION
ON INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,50 |
0,53 |
0,45 |
0,32 |
|
Elasticity Ratio |
Units |
0,50 |
0,47 |
0,54 |
0,67 |
|
Availability of stock |
Units |
0,17 |
0,21 |
0,17 |
0,09 |
|
Total Liquidity Ratio |
Units |
0,33 |
0,26 |
0,37 |
0,51 |
|
Quick Ratio |
Units |
0,00 |
0,03 |
0,00 |
0,01 |
|
COMPOSITION
ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
3,73 |
3,89 |
2,29 |
1,76 |
|
Self Financing Ratio |
Units |
0,14 |
0,14 |
0,27 |
0,27 |
|
Capital protection Ratio |
Units |
0,88 |
0,83 |
0,83 |
0,65 |
|
Liabilities consolidation
quotient |
Units |
0,68 |
0,49 |
0,13 |
0,22 |
|
Financing |
Units |
6,17 |
6,05 |
2,52 |
2,28 |
|
Permanent Indebtedness Ratio |
Units |
0,48 |
0,42 |
0,35 |
0,41 |
|
M/L term Debts Ratio |
Units |
0,34 |
0,28 |
0,08 |
0,14 |
|
Net Financial Indebtedness
Ratio |
Units |
4,48 |
3,87 |
1,22 |
0,99 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
0,96 |
0,79 |
0,78 |
1,22 |
|
Current ratio |
Units |
0,98 |
0,82 |
0,86 |
1,22 |
|
Acid Test Ratio-Liquidity
Ratio |
Units |
0,64 |
0,46 |
0,59 |
0,98 |
|
Structure's primary quotient |
Units |
0,27 |
0,26 |
0,60 |
0,76 |
|
Treasury's primary quotient |
Units |
0,00 |
0,06 |
0,01 |
0,03 |
|
Rate of indebtedness ( Leverage
) |
% |
738,32 |
721,18 |
366,91 |
369,13 |
|
Current Capital ( net ) |
Value |
-95.889 |
-1.113.833 |
-469.657 |
646.077 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
2,51 |
2,76 |
2,72 |
3,12 |
|
Return on Equity - Net- (
R.O.E. ) |
% |
0,71 |
5,67 |
5,31 |
5,88 |
|
Return on Equity - Gross - (
R.O.E. ) |
% |
2,06 |
11,64 |
9,45 |
11,08 |
|
Return on Investment ( R.O.I.
) |
% |
0,12 |
2,72 |
3,55 |
5,01 |
|
Return/ Sales |
% |
0,19 |
2,31 |
2,12 |
3,00 |
|
Extra Management
revenues/charges incid. |
% |
81,92 |
28,88 |
40,79 |
37,65 |
|
Cash Flow |
Value |
168.657 |
352.733 |
237.517 |
373.793 |
|
Operating Profit |
Value |
13.068 |
295.607 |
185.041 |
354.462 |
|
Gross Operating Margin |
Value |
171.020 |
562.954 |
347.081 |
726.220 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average
term |
Days |
139,16 |
43,65 |
73,50 |
91,37 |
|
Debts to suppliers average
term |
Days |
139,59 |
78,66 |
79,50 |
77,68 |
|
Average stock waiting period |
Days |
103,31 |
63,53 |
36,43 |
17,64 |
|
Rate of capital employed
return ( Turnover ) |
Units |
0,60 |
1,18 |
1,67 |
1,70 |
|
Rate of stock return |
Units |
3,48 |
5,67 |
9,88 |
20,38 |
|
Labour cost incidence |
% |
1,99 |
2,39 |
3,31 |
7,07 |
|
Net financial revenues/
charges incidence |
% |
-
1,56 |
-
0,94 |
-
0,58 |
-
1,01 |
|
Labour cost on purchasing
expenses |
% |
1,91 |
2,41 |
3,31 |
7,16 |
|
Short-term financing charges |
% |
1,18 |
1,48 |
2,06 |
3,00 |
|
Capital on hand |
% |
167,00 |
85,01 |
59,72 |
58,66 |
|
Sales pro employee |
Value |
838.534 |
1.597.730 |
1.091.490 |
679.501 |
|
Labour cost pro employee |
Value |
16.652 |
38.186 |
36.156 |
45.886 |
SOURCES
Our Company collects data from public
registers, lists, archives or contained in Acts and/or documents (held by the
National Chamber of Commerce or Immovables Territorial Agency), users,
reporters or however generally accessible (for example, from categorical lists,
statistical institutes, press reports and from public inspection internet
sites).
The present report is supplied
for Your exclusive use and is bond to the general conditions of the contract.
Personal Data collection and treatment, reported, are conform to our company's
activities and to Your mandate conferred to us by Your request, for the
purposes in relation to Marketing Management, Sales and Monetary
Administration. It does not contain, nor could contain, information cancelled
by a justified opposition right.
Market / Territory Data
|
Population living in the
province |
: |
|
|
Population living in the
region |
: |
|
|
Number of families in the
region |
: |
|
Monthly 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 160 significant companies.
The companies cash their credits
on an average of 91 dd.
The average duration of
suppliers debts is about 77 dd.
The sector's profitability is on
an average of 3,12%.
The labour cost affects the
turnover in the measure of 7,07%.
Goods are held in stock in a
range of 17 dd.
The difference between the sales
volume and the resources used to realize it is about 1,70.
The employees costs represent
the 7,16% of the production costs.
Statistical Detrimental Data
The area is statistically
considered lowly risky.
In the region 9.333 protested
subjects are found; in the province they count to 0.
The insolvency index for the
region is 0,62, , while for the province it is .
Total Bankrupt companies in the
region : 6.005.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.64 |
|
|
1 |
Rs.86.42 |
|
Euro |
1 |
Rs.69.28 |
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.