|
Report Date : |
22.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
A. S. PELL.
S.R.L. |
|
|
|
|
Registered Office : |
Piazza Garibaldi, 80 80100 – Napoli
(NA) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
20.01.2003 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of
skins and untreated and treated leather (except skins for furs) |
|
|
|
|
No. of Employees : |
From 1 to 5 |
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 (31.03.2011) |
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
A. S. Pell. s.r.l.
Piazza Garibaldi, 80
80100 – Napoli (NA) -IT-
|
Fiscal Code |
: |
04346841218 |
|
Legal Form |
: |
Limited liability company |
|
Establishment Date |
: |
20/01/2003 |
|
Equity |
: |
250.000 |
|
Turnover Range |
: |
3.750.000/5.000.000 |
|
Number of Employees |
: |
from 1 to 5 |
Wholesale of skins and untreated and treated
leather (except skins for furs)
Legal Form : Limited liability company
|
Fiscal Code : 04346841218 |
|
Foreign Trade Reg. no. : NA043995 since
20/07/2011 |
|
Chamber of Commerce no. : 209665 of |
|
Chamber of Commerce no. : 689756 of since
06/02/2003 |
|
V.A.T. Code : 04346841218 |
|
Establishment date |
: 20/01/2003 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 10.000 |
|
|
Subscribed Capital |
: 10.000 |
|
|
Paid up Capital |
: 10.000 |
|
|
|
Santoro |
Antonio |
|
|
|
Born in Napoli |
(NA) |
on 27/09/1968 |
- Fiscal Code : SNTNTN68P27F839Q |
|
|
|
Residence: |
|
Letizia |
, 9 |
- 80131 |
Napoli |
(NA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
27/11/2007 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Festa |
Simona |
|
|
|
Born in Napoli |
(NA) |
on 28/04/1972 |
- Fiscal Code : FSTSMN72D68F839L |
|
|
|
Residence: |
|
Degli Aranci |
, 2 |
- 80100 |
Napoli |
(NA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
27/11/2007 |
|
|
|
|
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 |
|
Santoro Antonio |
Napoli - IT - |
SNTNTN68P27F839Q |
5.000 .Eur |
50,00 |
|
Festa Simona |
Napoli - IT - |
FSTSMN72D68F839L |
5.000 .Eur |
50,00 |
The Company under review has no
participations in other Companies.
In order to carry out its activities the firm
uses the following locations:
|
- |
Registered office |
|
|
|
|
|
|
Garibaldi |
, 80 |
- 80100 |
- Napoli |
(NA) |
- IT - |
|
- |
Operative seat |
since 01/07/2003 |
|
|
|
|
|
|
Consortile Zona Asi |
, s.n. |
- 81032 |
- Carinaro |
(CE) |
- IT - |
|
|
|
|
PHONE |
: 0815029759 |
|
|
|
|
Employees |
: 3 |
|
Fittings and Equipment for a value of 6.000
|
Eur |
|
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.
The firm operates with:
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
BANCA DI ROMA SPA |
NAPOLI 27 |
VIA EDUARDO NICOLARDI, 38 |
80100 |
Napoli (NA) |
3002 |
3412 |
Subject is active since 2003
The economic-financial analysis has been made
on the base of the b/s of the latests three years.
Under an economic point of view, profits were
registered during the last years with a r.o.e. of 22,49% in 2010 with an
increase in 2010 (+62,47%).
The operating result was positive in the last
financial year (6,28%) falling within the field's average.
The operating result is positive and amounts
to Eur. 158.107 ,showing stability in respect to the value of 2009.
The G.O.M. amounted to Eur. 162.827 with no
sensible increase as against 2009.
Financial condition is not balanced as own capitals
do not cover debts, indebtedness level is in fact high (10,29) which tends
downward.
With regard to equity capital, an amount of
Eur. 213.255 is registered. , rising by 29,02%.
Eur. 2.292.887 is the amount of total debts,
both commercial and of different nature, , a more or less stable value.
Both financial indebtedness as well as
exsposure to suplliers are rated as fairly high besides being higher than
sector's average.
Liquid assets are good.
Due from customers average term is high and
equal to 185,94 days. and higher than the average of the sector.
During financial year 2010 the cash flow
amounted to Eur. 52.687
Subordinate employment cost is of Eur.
43.639, i.e. 1,06% on total production costs. and a 1,02% incidence on sales
volumes.
Limited financial charges in relation to
sales volume.
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.278.815 |
|
Profit (Loss) for the period |
47.967 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.633.539 |
|
Profit (Loss) for the period |
62.953 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
3.326.966 |
|
Profit (Loss) for the period |
58.784 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
3.401.815 |
|
Profit (Loss) for the period |
-31.345 |
|
|
|
Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.538.110 |
|
Profit (Loss) for the period |
46.100 |
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: - Amounts x 1 |
|
- Balance Sheet as at 31/12/2009 - 12 Mesi
- Currency: - Amounts x 1 |
|
- Balance Sheet as at 31/12/2008 - 12 Mesi
- Currency: - Amounts x 1 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
RATIOS |
Value Type |
as at 31/12/2010 |
as at 31/12/2009 |
as at 31/12/2008 |
Sector Average |
|
COMPOSITION ON INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,02 |
0,02 |
0,01 |
0,11 |
|
Elasticity Ratio |
Units |
0,98 |
0,98 |
0,99 |
0,87 |
|
Availability of stock |
Units |
0,05 |
0,29 |
0,12 |
0,17 |
|
Total Liquidity Ratio |
Units |
0,93 |
0,68 |
0,87 |
0,61 |
|
Quick Ratio |
Units |
0,04 |
0,02 |
0,07 |
0,03 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
10,29 |
14,80 |
18,31 |
3,90 |
|
Self Financing Ratio |
Units |
0,08 |
0,06 |
0,05 |
0,17 |
|
Capital protection Ratio |
Units |
0,73 |
0,56 |
0,33 |
0,66 |
|
Liabilities consolidation quotient |
Units |
0,00 |
0,00 |
0,00 |
0,09 |
|
Financing |
Units |
10,75 |
15,15 |
19,64 |
4,57 |
|
Permanent Indebtedness Ratio |
Units |
0,09 |
0,06 |
0,05 |
0,28 |
|
M/L term Debts Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,06 |
|
Net Financial Indebtedness Ratio |
Units |
2,38 |
2,15 |
n.c. |
0,96 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
4,69 |
3,56 |
8,45 |
2,10 |
|
Current ratio |
Units |
1,07 |
1,04 |
1,04 |
1,13 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,02 |
0,73 |
0,92 |
0,86 |
|
Structure's primary quotient |
Units |
4,47 |
3,39 |
7,95 |
1,34 |
|
Treasury's primary quotient |
Units |
0,04 |
0,02 |
0,07 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
1180,20 |
1619,61 |
2070,16 |
587,66 |
|
Current Capital ( net ) |
Value |
171.045 |
110.392 |
80.700 |
135.886 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
1,23 |
2,57 |
1,90 |
1,61 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
22,49 |
38,09 |
57,44 |
5,01 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
51,62 |
67,52 |
104,99 |
13,67 |
|
Return on Investment ( R.O.I. ) |
% |
6,28 |
5,79 |
6,61 |
4,30 |
|
Return/ Sales |
% |
3,70 |
5,89 |
4,21 |
2,39 |
|
Extra Management revenues/charges incid. |
% |
30,34 |
40,60 |
41,99 |
27,17 |
|
Cash Flow |
Value |
52.687 |
67.780 |
63.253 |
47.597 |
|
Operating Profit |
Value |
158.107 |
155.049 |
139.979 |
71.380 |
|
Gross Operating Margin |
Value |
162.827 |
159.876 |
144.448 |
124.518 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
185,94 |
229,50 |
n.c. |
90,43 |
|
Debts to suppliers average term |
Days |
169,81 |
249,61 |
n.c. |
76,51 |
|
Average stock waiting period |
Days |
10,59 |
107,84 |
26,52 |
37,27 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,70 |
0,98 |
1,57 |
1,64 |
|
Rate of stock return |
Units |
34,00 |
3,34 |
13,57 |
9,56 |
|
Labour cost incidence |
% |
1,02 |
1,59 |
1,21 |
4,81 |
|
Net financial revenues/ charges incidence |
% |
-1,13 |
-1,84 |
-1,01 |
-0,99 |
|
Labour cost on purchasing expenses |
% |
1,06 |
1,69 |
1,27 |
4,83 |
|
Short-term financing charges |
% |
2,16 |
1,99 |
1,69 |
2,90 |
|
Capital on hand |
% |
58,82 |
101,65 |
63,68 |
60,86 |
|
Sales pro employee |
Value |
4.278.815 |
1.316.769 |
1.663.483 |
686.413 |
|
Labour cost pro employee |
Value |
43.639 |
20.990 |
20.196 |
33.271 |
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).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.87 |
|
|
1 |
Rs.85.53 |
|
Euro |
1 |
Rs.71.77 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.