MIRA
INFORM REPORT
|
Report Date : |
13.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
WSA NAJAM S.R.L. |
|
|
|
|
Registered Office : |
Via San Michele, 18, 04011- Aprilia (LT) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
20.02.2008 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Non-specialised wholesale of food,
beverages and tobacco |
|
|
|
|
No. of Employees : |
from 6 to 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 – 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 |
Company name & address
Wsa Najam S.r.l.
Via San Michele, 18
04011 - Aprilia (LT) -IT-
Summary
|
Fiscal Code |
: |
02422790598 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
28/10/2008 |
|
Equity |
: |
80.000 |
|
Turnover Range |
: |
3.750.000/5.000.000 |
|
Number of Employees |
: |
from 6 to 10 |
Activity
Non-specialised wholesale of food, beverages
and tobacco
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 02422790598 |
|
Chamber of Commerce no. : 170096 of since
25/02/2008 |
|
Chamber of Commerce no. : 281917 of |
|
Chamber of Commerce no. : 1220194 of |
|
Establishment date |
: 20/02/2008 |
|
|
Start of Activities |
: 28/10/2008 |
|
|
Nominal Capital |
: 10.000 |
|
|
Subscribed Capital |
: 10.000 |
|
|
Paid up Capital |
: 10.000 |
|
Members
|
|
Syed |
Najamal Hussain
Shah |
|
|
|
Born in Gujrat |
( ) |
on 16/09/1963 |
- Fiscal Code : SYDNML63P16Z236O |
|
|
|
Residence: |
|
Provinciale Nord |
, 166 |
- 42011 |
Bagnolo in Piano |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
20/02/2008 |
|
|
|
|
Prejudicial Events
found with cancellations* |
|
|
No Protests
registered |
*Concerns also partially erased events.
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.
|
|
Syed |
Najamal Hussain
Shah |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Ideal Africa Di Mohammad Shahbaz E C.
S.a.s |
Guastalla (RE) - IT - |
02345010355 |
Limited Partner |
Active |
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 |
|
Syed Najamal Hussain Shah |
Bagnolo in Piano - IT - |
SYDNML63P16Z236O |
3.000 .Eur |
30,00 |
|
Shahid Abbas |
|
SHHBBS77R27Z236Y |
2.500 .Eur |
25,00 |
|
Syed Mabashar Raza |
|
SYDRZA78A01Z236B |
2.000 .Eur |
20,00 |
|
Shah Syed Mushariq Raza |
|
SHHSDM88H13Z236R |
2.500 .Eur |
25,00 |
Direct Participations
The Company under review has no
participations in other Companies.
Firm's location and structure
In order to carry out its activities the
firm uses the following locations:
|
- |
Legal and
operative seat |
|
|
|
|
|
|
|
San Michele |
, 18 |
- 04011 |
- Aprilia |
(LT) |
- IT - |
|
- |
Branch |
(Store) |
since 04/08/2010 |
|
|
|
|
|
|
De Gasperi |
, 38 |
- 42012 |
- Campagnola Emilia |
(RE) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 28/10/2008 |
|
|
|
|
|
|
Sassuolo |
, s.n. |
- 00040 |
- Pomezia |
(RM) |
- IT - |
|
|
|
|
Employees |
: 9 |
|
Stocks for a value of 1.000.000 |
Eur |
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
Company's starting of activities dates back
to some years ago (2008).
An eco-fin analysis has been made on the
base od the b/s fo the years 2009, 2010 and 2011.
During the last years, it achieved profits
(r.o.e. 83,76% on 2011) thanks to a progressive increase in turnover (more then
100% in 2011 compared to 2010 and +63,28% in 2010 compared to 2009).
The operating result was positive in the
last financial year (6,73%) and in line with the sector's average.
The amount of the operating result is equal
to Eur. 110.447 rising (+79,46%) in relation to the previous year.
During the latest financial year the gross
operating margin amounted to Eur. 110.447 showing a 72,32% growth.
Short-term debts volume if compared to net
worth, as it comes out from the total indebtedness (19,98) which tends upward.
It's shareholders funds amount to Eur.
73.901 , rising by 22,49%.
Total debts recorded amounted to Eur.
1.562.862 (Eur. 45.095 of which were m/l term debts) , rising as opposed to the
previous year (+56,44%).
Financial debts as well as debts to
suppliers are rather high but lined up with the field's average.
Liquidity is good (1,06)
Accounts receivable average term is 34,35
days. , a better value than the sector's average.
As far as the cash flow is concerned during
the latest financial year it amounted to Eur. 61.901
Subordinate employment cost is of Eur.
133.391, i.e. 3,06% on total production costs. and a 2,98% incidence on sales
volumes.
The incidence of the financial charges is of
-0,92% on the sales amount.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.470.352 |
|
Profit (Loss) for the period |
61.901 |
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.019.674 |
|
Profit (Loss) for the period |
48.361 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.236.890 |
|
Profit (Loss) for the period |
36.976 |
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 31/12/2011 - 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 |
0,02 |
0,02 |
0,04 |
0,13 |
|
Elasticity Ratio |
Units |
0,98 |
0,98 |
0,96 |
0,85 |
|
Availability of stock |
Units |
0,61 |
0,38 |
0,33 |
0,16 |
|
Total Liquidity Ratio |
Units |
0,36 |
0,61 |
0,62 |
0,62 |
|
Quick Ratio |
Units |
0,03 |
0,01 |
0,01 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
19,98 |
16,43 |
9,04 |
5,02 |
|
Self Financing Ratio |
Units |
0,05 |
0,06 |
0,10 |
0,13 |
|
Capital protection Ratio |
Units |
0,03 |
0,03 |
0,00 |
0,58 |
|
Liabilities consolidation quotient |
Units |
0,03 |
0,00 |
n.c. |
0,10 |
|
Financing |
Units |
21,15 |
16,56 |
9,15 |
6,17 |
|
Permanent Indebtedness Ratio |
Units |
0,08 |
0,06 |
0,10 |
0,25 |
|
M/L term Debts Ratio |
Units |
0,03 |
0,00 |
n.c. |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
1,60 |
2,02 |
0,16 |
1,16 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
4,23 |
3,56 |
2,47 |
1,57 |
|
Current ratio |
Units |
1,06 |
1,04 |
1,06 |
1,09 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,39 |
0,64 |
0,69 |
0,85 |
|
Structure's primary quotient |
Units |
2,53 |
3,55 |
2,47 |
0,96 |
|
Treasury's primary quotient |
Units |
0,03 |
0,01 |
0,01 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
2221,07 |
1756,23 |
1015,05 |
743,68 |
|
Current Capital ( net ) |
Value |
85.048 |
42.177 |
25.772 |
70.465 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
1,38 |
2,52 |
3,19 |
1,66 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
83,76 |
80,16 |
78,52 |
6,68 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
94,11 |
85,24 |
82,72 |
19,39 |
|
Return on Investment ( R.O.I. ) |
% |
6,73 |
5,81 |
9,76 |
3,84 |
|
Return/ Sales |
% |
2,47 |
3,05 |
3,77 |
2,16 |
|
Extra Management revenues/charges incid. |
% |
56,05 |
78,58 |
79,24 |
28,56 |
|
Cash Flow |
Value |
61.901 |
50.909 |
39.461 |
48.046 |
|
Operating Profit |
Value |
110.447 |
61.544 |
46.661 |
59.910 |
|
Gross Operating Margin |
Value |
110.447 |
64.092 |
49.146 |
99.701 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
34,35 |
47,72 |
30,12 |
86,56 |
|
Debts to suppliers average term |
Days |
93,87 |
134,31 |
112,10 |
100,32 |
|
Average stock waiting period |
Days |
80,89 |
71,21 |
46,34 |
31,97 |
|
Rate of capital employed return ( Turnover
) |
Units |
2,72 |
1,91 |
2,59 |
1,82 |
|
Rate of stock return |
Units |
4,45 |
5,06 |
7,77 |
11,18 |
|
Labour cost incidence |
% |
2,98 |
0,63 |
0,03 |
5,95 |
|
Net financial revenues/ charges incidence |
% |
-0,92 |
-0,59 |
-0,62 |
-0,81 |
|
Labour cost on purchasing expenses |
% |
3,06 |
0,65 |
0,03 |
5,95 |
|
Short-term financing charges |
% |
2,64 |
1,20 |
1,79 |
2,18 |
|
Capital on hand |
% |
36,72 |
52,46 |
38,65 |
54,67 |
|
Sales pro employee |
Value |
1.117.588 |
|
|
507.074 |
|
Labour cost pro employee |
Value |
33.347 |
|
|
32.650 |
Market / Territory Data
|
Population living in the province |
: |
519.850 |
|
Population living in the region |
: |
5.269.972 |
|
Number of families in the region |
: |
2.091.220 |
Monthly family expenses average in the
region (in Eur..) :
|
- per food products |
: |
472 |
|
- per non food products |
: |
1.832 |
|
- per energy consume |
: |
102 |
Sector Data
The values are calculated on a base of 5.101
significant companies.
The companies cash their credits on an
average of 87 dd.
The average duration of suppliers debts is
about 100 dd.
The sector's profitability is on an average
of 1,66%.
The labour cost affects the turnover in the
measure of 5,95%.
Goods are held in stock in a range of 32 dd.
The difference between the sales volume and
the resources used to realize it is about 1,82.
The employees costs represent the 5,95% of
the production costs.
Statistical Detrimental Data
Statistically the trade activity passes
through serious crises.
The area is statistically considered
remarkably risky.
In the region 53.924 protested subjects are
found; in the province they count to 7.827.
The insolvency index for the region is 1,04,
, while for the province it is 1,53.
Total Bankrupt companies in the province :
2.794.
Total Bankrupt companies in the region :
37.442.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.44 |
|
UK Pound |
1 |
Rs.83.78 |
|
Euro |
1 |
Rs.71.33 |
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.