|
Report Date : |
22.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
COPMA SRL |
|
|
|
|
Registered Office : |
Via San Giuseppe, 7/9 24060 Costa di Mezzate (BG) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
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Date of Incorporation : |
18.02.2004 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
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Line of Business : |
Manufacture of other machine tools |
|
|
|
|
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 : |
Slow |
|
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 |
COPMA SRL
Via San Giuseppe, 7/9
24060 - Costa di Mezzate (BG) -IT-
|
Fiscal Code |
: |
03103820167 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
18/02/2004 |
|
Equity |
: |
Unknown. |
|
Turnover Range |
: |
500.000/750.000 |
|
Number of Employees |
: |
from 1 to 5 |
Subject company is engaged in the production of special complement machines
designed for the industry of natural stones
manufactoring (marbles and granites).
|
|
Manufacture of other machine tools
Legal Form : Limited liability company
|
Register of Handcraft firms : 134580 of |
|
Fiscal Code : 03103820167 |
|
Chamber of Commerce no. : 349542 of since
16/02/2004 |
|
V.A.T. Code : 03103820167 |
|
Establishment date |
: 07/02/2004 |
|
|
Start of Activities |
: 18/02/2004 |
|
|
Legal duration |
: 31/12/2020 |
|
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Nominal Capital |
: 10.000 |
|
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Subscribed Capital |
: 10.000 |
|
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Paid up Capital |
: 10.000 |
|
|
|
Coppa |
Diego |
|
|
|
Born in Trescore Balneario |
(BG) |
on 02/09/1967 |
- Fiscal Code : CPPDGI67P02L388U |
|
|
|
Residence: |
|
Todeschini |
, 46 |
- 24069 |
Trescore Balneario |
(BG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
15/07/2006 |
|
|
|
|
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 |
|
Coppa Diego |
Trescore Balneario - IT - |
CPPDGI67P02L388U |
9.700 .Eur |
97,00 |
|
Maiorino Angela |
|
MRNNGL70T63L388B |
300 .Eur |
3,00 |
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 |
|
|
|
|
|
|
|
San Giuseppe |
, 7/9 |
- 24060 |
- Costa di Mezzate |
(BG) |
- IT - |
|
|
|
|
PHONE |
: 035676056 |
|
|
|
|
Email |
: COPMASRL@PEC.IT |
|
|
|
|
Employees |
: 3 |
|
Stocks for a value of 62.000 |
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.
Subject is active since 2004
Balance sheets for the years 2009, 2010 and
2011 were analyzed.
Last financial years have been marked by net
losses.
The operating result was positive in the
last financial year (2,97%) and reflects the field's average.
An operating result of Eur. 13.115 has been
registered. with a more then 100% growth.
The G.O.M. amounted to Eur. 20.515 showing
an upward trend if compared to 2010.
Short term indebtedness as opposed to the
net worth is fairly high as the gearing ratio shows
The equity capital amount is lower than the
economic results.
Total debts recorded amounted to Eur.
479.970 (Eur. 53.201 of which were m/l term debts) showing a stable trend as
opposed to 2010 (Eur. 434.077).
Payments average periods time are slightly
high (117,51 gg.) anyway within the field's average.
Liquidity is not completely adequate.
Trade credits are collected slowly, average
term is 152,23 days. even if compared to the average of the sector.
A negative cash flow marked the year 2011
totalling Eur. -6.798.
Labour cost amounts to Eur. 96.161, with a
17,17% incidence on production costs. and a 17,4% incidence on sales volumes.
Financial charges have a high incidence
(-2,48%) on turnover figures.
|
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
552.715 |
|
Profit (Loss) for the period |
-14.198 |
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
535.377 |
|
Profit (Loss) for the period |
-45.410 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
583.235 |
|
Profit (Loss) for the period |
-8.165 |
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 |
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|
|
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 |
0,05 |
0,06 |
0,08 |
0,17 |
|
Elasticity Ratio |
Units |
0,94 |
0,94 |
0,92 |
0,80 |
|
Availability of stock |
Units |
0,14 |
0,21 |
0,01 |
0,27 |
|
Total Liquidity Ratio |
Units |
0,80 |
0,73 |
0,91 |
0,50 |
|
Quick Ratio |
Units |
0,14 |
0,05 |
0,01 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
n.c. |
n.c. |
21,64 |
3,14 |
|
Self Financing Ratio |
Units |
n.c. |
n.c. |
0,04 |
0,19 |
|
Capital protection Ratio |
Units |
n.c. |
n.c. |
0,86 |
0,68 |
|
Liabilities consolidation quotient |
Units |
0,14 |
0,11 |
0,04 |
0,18 |
|
Financing |
Units |
n.c. |
n.c. |
21,88 |
3,79 |
|
Permanent Indebtedness Ratio |
Units |
0,03 |
0,03 |
0,08 |
0,34 |
|
M/L term Debts Ratio |
Units |
0,14 |
0,11 |
0,04 |
0,09 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
11,13 |
0,77 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
0,59 |
0,62 |
1,03 |
1,75 |
|
Current ratio |
Units |
0,97 |
0,97 |
1,00 |
1,23 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,83 |
0,75 |
0,99 |
0,78 |
|
Structure's primary quotient |
Units |
n.c. |
n.c. |
0,55 |
1,04 |
|
Treasury's primary quotient |
Units |
0,14 |
0,05 |
0,01 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
n.c. |
n.c. |
2370,59 |
518,96 |
|
Current Capital ( net ) |
Value |
-12.244 |
-10.642 |
-1.269 |
406.983 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
-1,23 |
-7,15 |
-0,10 |
3,69 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
n.c. |
n.c. |
-60,37 |
5,16 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
n.c. |
n.c. |
-30,26 |
17,72 |
|
Return on Investment ( R.O.I. ) |
% |
2,97 |
-9,10 |
-0,93 |
3,94 |
|
Return/ Sales |
% |
2,37 |
-7,11 |
-0,51 |
4,48 |
|
Extra Management revenues/charges incid. |
% |
-108,26 |
n.c. |
n.c. |
26,52 |
|
Cash Flow |
Value |
-6.798 |
-38.279 |
-597 |
142.024 |
|
Operating Profit |
Value |
13.115 |
-38.059 |
-2.975 |
126.602 |
|
Gross Operating Margin |
Value |
20.515 |
-30.928 |
4.593 |
241.461 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
152,23 |
139,73 |
163,66 |
116,01 |
|
Debts to suppliers average term |
Days |
117,51 |
132,66 |
90,82 |
127,79 |
|
Average stock waiting period |
Days |
40,62 |
60,41 |
1,44 |
96,89 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,25 |
1,28 |
1,82 |
1,03 |
|
Rate of stock return |
Units |
8,86 |
5,96 |
250,85 |
3,58 |
|
Labour cost incidence |
% |
17,40 |
20,03 |
13,42 |
21,20 |
|
Net financial revenues/ charges incidence |
% |
-2,48 |
-1,88 |
-1,33 |
-1,00 |
|
Labour cost on purchasing expenses |
% |
17,17 |
17,30 |
15,17 |
20,95 |
|
Short-term financing charges |
% |
2,86 |
2,33 |
2,63 |
2,70 |
|
Capital on hand |
% |
79,79 |
78,16 |
54,98 |
96,90 |
|
Sales pro employee |
Value |
184.238 |
178.459 |
291.617 |
191.520 |
|
Labour cost pro employee |
Value |
32.053 |
35.745 |
39.140 |
39.641 |
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 |
|
UK Pound |
1 |
Rs.85.52 |
|
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.