MIRA INFORM REPORT
|
Report Date : |
29.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
GUALCHIERI E GUALCHIERI E C. S.R.L. |
|
|
|
|
Registered Office : |
Via Delle Fonti, 393/U, 50047 – Prato
(PO) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
19.03.2010 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of textile machinery, machinery and systems for auxiliary treatment of textiles, sewing and weaving machines (including spar e parts and accessories) |
|
|
|
|
No. of Employees : |
11 to 15 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
Slow but Correct |
|
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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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, highly subsidized, agricultural south,
where unemployment is high. 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 its
exceptionally high public debt and structural impediments to growth have
rendered it vulnerable to scrutiny by financial markets. Public debt has increased
steadily since 2007, topping 126% of GDP in 2012, and investor concerns about
the broader euro-zone crisis at times have caused borrowing costs on sovereign
government debt to rise to euro-era. During the second half of 2011 the
government passed three austerity packages to reduce its budget deficit and
help bring down borrowing costs. 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 sustain
its recent efforts to address Italy's long-standing structural impediments to
growth, such as labor market inefficiencies and widespread tax evasion. In 2012
economic growth and labor market conditions deteriorated, with growth at -2.3%
and unemployment rising to nearly 11%, with youth unemployment around 35%. The
government has undertaken several reform initiatives designed to increase
long-term economic growth. Italy's GDP is now 7% below its 2007 pre-crisis
level.
|
Source : CIA |
Company name & address
Gualchieri e Gualchieri e C. S.r.l.
Via Delle Fonti, 393/U
50047 - Prato (PO) -IT-
Summary
|
Fiscal Code |
: |
02163910975 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
02/04/2010 |
|
Equity |
: |
200.000 |
|
Turnover Range |
: |
1.500.000/2.000.000 |
|
Number of Employees |
: |
from 11 to 15 |
Activity
Manufacture of textile machinery, machinery
and systems for auxiliar
y treatment of textiles, sewing and weaving machines
(including spar
e parts and accessories)
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 02163910975 |
|
Chamber of Commerce no. : 507341 of since
30/03/2010 |
|
V.A.T. Code : 02163910975 |
|
Establishment date |
: 19/03/2010 |
|
|
Start of Activities |
: 02/04/2010 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 100.000 |
|
|
Subscribed Capital |
: 100.000 |
|
|
Paid up Capital |
: 100.000 |
|
Members
|
|
Gualchieri |
Renzo |
|
|
|
Born in Camugnano |
(BO) |
on 16/02/1949 |
- Fiscal Code : GLCRNZ49B16B572X |
|
|
|
Residence: |
|
Giotto |
, 42 |
- 59013 |
Montemurlo |
(PO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
19/03/2010 |
|
|
|
Managing Director |
19/03/2010 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Gualchieri |
Giordano |
|
|
|
Born in Camugnano |
(BO) |
on 11/05/1951 |
- Fiscal Code : GLCGDN51E11B572D |
|
|
|
Residence: |
|
Labriola |
, 88 |
- 59013 |
Montemurlo |
(PO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
19/03/2010 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Conti Alunno |
Giuseppe |
|
|
|
Born in Vernio |
(FI) |
on 20/12/1962 |
- Fiscal Code : CNTGPP62T20L775I |
|
|
|
Residence: |
|
Marchin |
, 8 |
- 59024 |
Vernio |
(PO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
19/03/2010 |
|
|
|
|
No Protests
registered |
|
|
Zannoni |
Marta |
|
|
|
Born in Prato |
(FI) |
on 14/12/1966 |
- Fiscal Code : ZNNMRT66T54G999T |
|
|
|
Residence: |
|
Cicignano |
, 3 |
- 59013 |
Montemurlo |
(PO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
19/03/2010 |
|
|
|
|
No Protests
registered |
|
|
Santi |
Mirko |
|
|
|
Born in Prato |
(FI) |
on 12/11/1975 |
- Fiscal Code : SNTMRK75S12G999K |
|
|
|
Residence: |
|
Natale Ciampi |
, 3 |
- 59021 |
Vaiano |
(PO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
19/03/2010 |
|
|
|
|
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.
|
|
Gualchieri |
Renzo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Gigliotti E Gualchieri S.r.l. Costruzioni
Macchine Tessili In Liquidazione |
Prato (PO) - IT - |
00802290486 |
Managing
Director |
Withdrawn |
Registered |
|
Gigliotti E Gualchieri S.r.l. Costruzioni
Macchine Tessili In Liquidazione |
Prato (PO) - IT - |
00802290486 |
Partner |
Withdrawn |
Registered |
|
Gigliotti E Gualchieri S.r.l. Costruzioni
Macchine Tessili In Liquidazione |
Prato (PO) - IT - |
00802290486 |
Liquidator |
Active |
Registered |
|
Immobiliare Gualchieri S.r.l. |
Prato (PO) - IT - |
02163900976 |
Director |
Active |
Registered |
|
|
Gualchieri |
Giordano |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Gigliotti E Gualchieri S.r.l. Costruzioni
Macchine Tessili In Liquidazione |
Prato (PO) - IT - |
00802290486 |
Managing
Director |
Withdrawn |
Registered |
|
Gigliotti E Gualchieri S.r.l. Costruzioni Macchine
Tessili In Liquidazione |
Prato (PO) - IT - |
00802290486 |
Partner |
Withdrawn |
Registered |
|
Immobiliare Gualchieri S.r.l. |
Prato (PO) - IT - |
02163900976 |
Director |
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 |
|
Gualchieri Renzo |
Montemurlo - IT - |
GLCRNZ49B16B572X |
35.000 .Eur |
35,00 |
|
Gualchieri Giordano |
Montemurlo - IT - |
GLCGDN51E11B572D |
35.000 .Eur |
35,00 |
|
Conti Alunno Giuseppe |
Vernio - IT - |
CNTGPP62T20L775I |
10.000 .Eur |
10,00 |
|
Zannoni Marta |
Montemurlo - IT - |
ZNNMRT66T54G999T |
10.000 .Eur |
10,00 |
|
Santi Mirko |
Vaiano - IT - |
SNTMRK75S12G999K |
10.000 .Eur |
10,00 |
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 |
|
|
|
|
|
|
|
Delle Fonti |
, 393/U |
- 50047 |
- Prato |
(PO) |
- IT - |
|
|
|
|
PHONE |
: 0574540587 |
|
|
|
|
PHONE |
: 0574590587 |
|
|
|
|
FAX |
: 057457759 |
|
|
|
|
Employees |
: 12 |
|
Stocks for a value of 600.000 |
Eur |
|
|
Historical Information and/or
Firm's Status
CEASINGS/INCORPORATIONS/MERGES:
|
|
The firm took
over the activity of |
|
|
|
|
|
|
|
, 50047 |
, Prato |
(PO) |
- IT - |
|
|
|
Fiscal Code: 00802290486 |
|
|
|
Date |
: |
28/04/2010 |
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 under review started the activities
in 2010.
The latest 2 available b/s have been used.
During the last years, it recorded positive
net results (r.o.e. 0,4% in 2011) and during the last financial year an
increase in sales volume was registered (+50,66% in 2011).
The operating result in 2011 was positive
(2,32%) and reflects the field's average.
The amount of the operating result for the
year 2011 is of Eur. 37.739 recording a drop as opposed to the year before
(-59,29%).
The gross operating margin of the latest
financial year is of Eur. 97.942 on the same levels as the previous financial
year.
The analysis shows a fair financial position
as the indebtedness volume is acceptable (3,64) even though on the increase if
compared to 2010.
With regard to equity capital, an amount of
Eur. 188.403 is registered. on the same levels as the year before.
Total indebtedness was equal to Eur.
1.360.214 (Eur. 619.581 was the value of m/l term debts) , with no sensible
variation.
Financial debts as well as debts to
suppliers are rather high anyway better than the field's average.
It shows a good range of liquidity.
On average trade credits are collected in
77,79 days. , lower than the sector's average.
The financial management generated a cash
flow of Eur. 60.952.
In the last financial year labour cost was
of Eur. 494.842, with a 22,48% incidence on total costs of production. ,
whereas the incidence on sales revenues is of 25,18%.
The incidence of the financial charges is of
-0,42% on the sales amount.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.965.342 |
|
Profit (Loss) for the period |
749 |
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.304.439 |
|
Profit (Loss) for the period |
87.653 |
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 |
|
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|
|
RATIOS |
Value
Type |
as at 31/12/2011 |
as at 31/12/2010 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
Rigidity Ratio |
Units |
0,24 |
0,26 |
0,18 |
|
Elasticity Ratio |
Units |
0,73 |
0,71 |
0,80 |
|
Availability of stock |
Units |
0,37 |
0,18 |
0,24 |
|
Total Liquidity Ratio |
Units |
0,36 |
0,53 |
0,48 |
|
Quick Ratio |
Units |
0,03 |
0,28 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
Net Short-term indebtedness |
Units |
3,64 |
1,29 |
3,25 |
|
Self Financing Ratio |
Units |
0,12 |
0,12 |
0,19 |
|
Capital protection Ratio |
Units |
0,47 |
0,00 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,89 |
1,01 |
0,19 |
|
Financing |
Units |
7,22 |
7,20 |
3,80 |
|
Permanent Indebtedness Ratio |
Units |
0,52 |
0,56 |
0,36 |
|
M/L term Debts Ratio |
Units |
0,40 |
0,44 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
3,37 |
1,26 |
0,63 |
|
CORRELATION |
|
|
|
|
|
Fixed assets ratio |
Units |
2,14 |
2,16 |
1,75 |
|
Current ratio |
Units |
1,61 |
1,65 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,80 |
1,23 |
0,81 |
|
Structure's primary quotient |
Units |
0,48 |
0,46 |
1,03 |
|
Treasury's primary quotient |
Units |
0,07 |
0,64 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
861,68 |
839,68 |
516,42 |
|
Current Capital ( net ) |
Value |
449.980 |
441.014 |
422.465 |
|
RETURN |
|
|
|
|
|
Return on Sales |
% |
3,10 |
8,77 |
3,35 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
0,40 |
46,71 |
5,13 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
17,99 |
43,09 |
14,77 |
|
Return on Investment ( R.O.I. ) |
% |
2,32 |
5,88 |
4,16 |
|
Return/ Sales |
% |
1,92 |
7,11 |
4,11 |
|
Extra Management revenues/charges incid. |
% |
1,98 |
94,55 |
28,57 |
|
Cash Flow |
Value |
60.952 |
114.439 |
122.482 |
|
Operating Profit |
Value |
37.739 |
92.706 |
144.752 |
|
Gross Operating Margin |
Value |
97.942 |
119.492 |
241.990 |
|
MANAGEMENT |
|
|
|
|
|
Credits to clients average term |
Days |
77,79 |
71,14 |
111,85 |
|
Debts to suppliers average term |
Days |
94,73 |
159,95 |
128,30 |
|
Average stock waiting period |
Days |
109,60 |
77,74 |
80,43 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,21 |
0,83 |
1,08 |
|
Rate of stock return |
Units |
3,28 |
4,63 |
4,45 |
|
Labour cost incidence |
% |
25,18 |
25,71 |
19,12 |
|
Net financial revenues/ charges incidence |
% |
-0,42 |
-0,91 |
-1,08 |
|
Labour cost on purchasing expenses |
% |
22,48 |
25,21 |
19,02 |
|
Short-term financing charges |
% |
0,68 |
0,88 |
2,68 |
|
Capital on hand |
% |
82,60 |
120,80 |
91,91 |
|
Sales pro employee |
Value |
131.022 |
130.443 |
198.432 |
|
Labour cost pro employee |
Value |
32.989 |
33.533 |
35.779 |
Market / Territory Data
|
Population living in the province |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
Monthly family expenses 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 1.206
significant companies.
The companies cash their credits on an
average of 112 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.
Statistical Detrimental Data
Statistically the trade activity shows
periods of crisis.
The area is statistically considered moderately
risky.
In the region 24.960 protested subjects are
found; in the province they count to 2.055.
The insolvency index for the region is 0,70,
, while for the province it is 0,88.
Total Bankrupt companies in the province :
3.109.
Total Bankrupt companies in the region :
20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.29 |
|
UK Pound |
1 |
Rs.83.88 |
|
Euro |
1 |
Rs.70.68 |
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.