MIRA INFORM REPORT
|
Report Date : |
20.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
SOCIETA' AGRICOLA LA MORETTA S.R.L. |
|
|
|
|
Registered Office : |
Via Camurana, 36, 41026- Pavullo
nel Frignano (MO)-IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
26.06.2008 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Cultivation of permanent crops |
|
|
|
|
No. of Employees : |
From 1 To 5 |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Company |
|
Payment Behaviour : |
Unknown |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
ITALY - ECONOMIC OVERVIEW
Italy has a diversified industrial economy, which is divided into a developed industrial north, dominated by private companies, and a less-developed, welfare-dependent, agricultural south, with high unemployment. The Italian economy is driven in large part by the manufacture of high-quality consumer goods produced by small and medium-sized enterprises, many of them family owned. Italy also has a sizable underground economy, which by some estimates accounts for as much as 17% of GDP. These activities are most common within the agriculture, construction, and service sectors. Italy is the third-largest economy in the euro-zone, but exceptionally high public debt burdens and structural impediments to growth have rendered it vulnerable to scrutiny by financial markets. Public debt has increased steadily since 2007, reaching 120% of GDP in 2011, and borrowing costs on sovereign government debt have risen to record levels. During the second half of 2011 the government passed a series of three austerity packages to balance its budget by 2013 and decrease its public debt burden. These measures included a hike in the value-added tax, pension reforms, and cuts to public administration. The government also faces pressure from investors and European partners to address Italy's long-standing structural impediments to growth, such as an inflexible labor market and widespread tax evasion. The international financial crisis worsened conditions in Italy''s labor market, with unemployment rising from 6.2% in 2007 to 8.4% in 2011, but in the longer-term Italy''s low fertility rate and quota-driven immigration policies will increasingly strain its economy. The euro-zone crisis along with Italian austerity measures have reduced exports and domestic demand, slowing Italy''s recovery. Italy''s GDP is still 5% below its 2007 pre-crisis level.
Source : CIA
Societa' Agricola La Moretta S.r.l.
Via Camurana, 36
41026 - Pavullo nel Frignano (MO) -IT-
|
Fiscal Code |
: |
03215770367 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
01/01/2012 |
|
Equity |
: |
25.000 |
|
Turnover Range |
: |
unknown |
|
Number of Employees |
: |
from 1 to 5 |
Cultivation of permanent crops
Legal Form : Limited liability company
|
Fiscal Code : 03215770367 |
|
Chamber of Commerce no. : 368461 of since 14/07/2008 |
|
V.A.T. Code : 03215770367 |
|
Establishment date |
: 26/06/2008 |
|
|
Start of Activities |
: 01/01/2012 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 10.000 |
|
|
Subscribed Capital |
: 10.000 |
|
|
Paid up Capital |
: 10.000 |
|
|
|
Vandelli |
Milena |
|
|
|
Born in Vignola |
(TN) |
on 26/08/1973 |
- Fiscal Code : VNDMLN73M66L885N |
|
|
|
Residence: |
|
Impresa |
, 574 |
- 41054 |
Marano sul Panaro |
(MO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
26/06/2008 |
|
|
|
Assistant board Chairman |
26/06/2008 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Pradelli |
Enrico |
|
|
|
Born in Vignola |
(TN) |
on 25/12/1984 |
- Fiscal Code : PRDNRC84T25L885X |
|
|
|
Residence: |
|
Castello |
, 45 |
- 41054 |
Marano sul Panaro |
(MO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
26/06/2008 |
|
|
|
|
No Protests registered |
|
|
Capitani |
Loretta |
|
|
|
Born in Pavullo nel Frignano |
(MO) |
on 05/10/1960 |
- Fiscal Code : CPTLTT60R45G393R |
|
|
|
Residence: |
|
Camurana |
, 36 |
- 41026 |
Pavullo nel Frignano |
(MO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
26/06/2008 |
|
|
|
Board Chairman |
26/06/2008 |
|
|
|
|
No Prejudicial events are reported |
|
|
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 |
|
Vandelli Cinzia |
Marano sul Panaro - IT - |
VNDCNZ71A68L885Q |
2.450 .Eur |
24,50 |
|
Vandelli Milena |
Marano sul Panaro - IT - |
VNDMLN73M66L885N |
2.450 .Eur |
24,50 |
|
Pradelli Enrico |
Marano sul Panaro - IT - |
PRDNRC84T25L885X |
4.900 .Eur |
49,00 |
|
Capitani Loretta |
Pavullo nel Frignano - IT - |
CPTLTT60R45G393R |
200 .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 |
(Farm) |
|
|
|
|
|
|
Camurana |
, 36 |
- 41026 |
- Pavullo nel Frignano |
(MO) |
- IT - |
|
|
|
|
PHONE |
: 0332201334 |
|
|
|
|
FAX |
: 0332979038 |
|
|
|
|
Assistants |
: 1 |
|
|
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.
|
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Profit (Loss) for the period |
-4.534 |
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Profit (Loss) for the period |
-4.500 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Profit (Loss) for the period |
-3.969 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Profit (Loss) for the period |
-2.066 |
From our constant monitoring of the relevant Public Administration
offices, no more recent balance sheets result to have been filed.
|
- Balance Sheet as at 31/12/2011 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet as at 31/12/2010 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet as at 31/12/2009 - 12 Mesi - Currency: - Amounts x 1 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
RATIOS |
Value Type |
as at 31/12/2011 |
as at 31/12/2010 |
as at 31/12/2009 |
Sector Average |
|
COMPOSITION ON INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,79 |
0,93 |
0,89 |
0,32 |
|
Elasticity Ratio |
Units |
0,21 |
0,07 |
0,11 |
0,65 |
|
Availability of stock |
Units |
n.c. |
n.c. |
n.c. |
0,18 |
|
Total Liquidity Ratio |
Units |
0,21 |
0,07 |
0,11 |
0,36 |
|
Quick Ratio |
Units |
0,12 |
0,04 |
0,11 |
0,02 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
n.c. |
n.c. |
3,04 |
2,28 |
|
Self Financing Ratio |
Units |
0,07 |
0,20 |
0,22 |
0,22 |
|
Capital protection Ratio |
Units |
0,73 |
0,78 |
0,79 |
0,62 |
|
Liabilities consolidation quotient |
Units |
96,19 |
102,04 |
n.c. |
0,27 |
|
Financing |
Units |
12,67 |
4,13 |
3,53 |
3,32 |
|
Permanent Indebtedness Ratio |
Units |
0,99 |
0,99 |
0,22 |
0,41 |
|
M/L term Debts Ratio |
Units |
0,92 |
0,80 |
n.c. |
0,13 |
|
Net Financial Indebtedness Ratio |
Units |
10,86 |
3,86 |
n.c. |
0,76 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,25 |
1,07 |
0,25 |
1,04 |
|
Current ratio |
Units |
21,95 |
8,42 |
0,14 |
1,06 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
21,95 |
8,42 |
0,14 |
0,68 |
|
Structure's primary quotient |
Units |
0,09 |
0,21 |
0,25 |
0,70 |
|
Treasury's primary quotient |
Units |
12,89 |
5,75 |
0,14 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
1367,37 |
512,77 |
453,08 |
449,71 |
|
Current Capital ( net ) |
Value |
54.451 |
7.268 |
-87.521 |
38.749 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
n.c. |
n.c. |
n.c. |
3,74 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-22,75 |
-18,39 |
-13,70 |
0,38 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-31,33 |
-25,23 |
-13,70 |
1,88 |
|
Return on Investment ( R.O.I. ) |
% |
-2,34 |
-4,95 |
-3,04 |
1,50 |
|
Return/ Sales |
% |
n.c. |
n.c. |
n.c. |
1,72 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
n.c. |
n.c. |
13,00 |
|
Cash Flow |
Value |
-3.626 |
-3.715 |
-3.184 |
121.607 |
|
Operating Profit |
Value |
-6.370 |
-6.210 |
-3.986 |
52.241 |
|
Gross Operating Margin |
Value |
-5.462 |
-5.425 |
-3.201 |
183.914 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
n.c. |
n.c. |
n.c. |
125,57 |
|
Debts to suppliers average term |
Days |
138,41 |
n.c. |
n.c. |
154,90 |
|
Average stock waiting period |
Days |
n.c. |
n.c. |
n.c. |
78,26 |
|
Rate of capital employed return ( Turnover ) |
Units |
n.c. |
n.c. |
n.c. |
0,70 |
|
Rate of stock return |
Units |
n.c. |
n.c. |
n.c. |
3,83 |
|
Labour cost incidence |
% |
n.c. |
n.c. |
n.c. |
12,22 |
|
Net financial revenues/ charges incidence |
% |
n.c. |
n.c. |
n.c. |
-2,06 |
|
Labour cost on purchasing expenses |
% |
n.c. |
n.c. |
n.c. |
11,75 |
|
Short-term financing charges |
% |
0,00 |
0,00 |
n.c. |
2,18 |
|
Capital on hand |
% |
n.c. |
n.c. |
n.c. |
142,06 |
|
Sales pro employee |
Value |
|
|
|
315.785 |
|
Labour cost pro employee |
Value |
|
|
|
32.555 |
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.97 |
|
|
1 |
Rs.85.45 |
|
Euro |
1 |
Rs.69.45 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.