MIRA
INFORM REPORT
|
Report Date : |
09.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
NYTRO S.R.L. |
|
|
|
|
Registered Office : |
Via Del Molinuzzo, 59/61, 50047 – Prato (PO) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2012 |
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|
|
|
Date of Incorporation : |
19.12.2008 |
|
|
|
|
Legal Form : |
Limited Liability Company |
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|
|
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Line of Business : |
Weaving of textiles Manufacturer of apparel (except fur apparel) |
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|
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No. of Employees : |
02 |
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 |
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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 – 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
Nytro S.r.l.
Via Del Molinuzzo, 59/61
50047 - Prato (PO) -IT-
Summary
|
Fiscal Code |
: |
02116890977 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
02/02/2009 |
|
Equity |
: |
25.000 |
|
Turnover Range |
: |
1.500.000/2.000.000 |
|
Number of Employees |
: |
02 |
Activity
Weaving of textiles
Manufacture of apparel (except
fur apparel)
Manufacture of other knitted and
crocheted apparel
Legal Data
Legal Form : Limited liability
company
|
Fiscal Code : 02116890977 |
|
Chamber of Commerce no. : 502517 of Prato
since 23/01/2009 |
|
V.A.T. Code : 02116890977 |
|
Establishment date |
: 19/12/2008 |
|
|
Start of Activities |
: 02/02/2009 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 10.000 |
|
|
Subscribed Capital |
: 10.000 |
|
|
Paid up Capital |
: 10.000 |
|
Members
|
|
Calvietti |
Anna |
|
|
|
Born in Firenze |
(FI) |
on 15/09/1965 |
- Fiscal Code : CLVNNA65P55D612U |
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|
|
Residence: |
|
Baccheretana |
, 534/G |
- 59015 |
Carmignano |
(PO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
21/09/2010 |
|
|
|
|
No
Prejudicial events are reported |
|
|
No Protests
registered |
|
|
Settesoldi |
Federico |
|
|
|
Born in Prato |
(FI) |
on 20/08/1980 |
- Fiscal Code : STTFRC80M20G999B |
|
|
|
Residence: |
|
Giovanni Da Empoli |
, 10 |
- 59100 |
Prato |
(PO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
21/09/2010 |
|
|
|
|
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.
|
|
Calvietti |
Anna |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Futurart S.r.l. |
Prato (PO) - IT - |
01780430979 |
Sole 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 |
|
Calvietti Andrea |
Carmignano - IT - |
CLVNDR70E28D612E |
1.667 .Eur |
16,67 |
|
Calvietti Anna |
Carmignano - IT - |
CLVNNA65P55D612U |
1.667 .Eur |
16,67 |
|
Settesoldi Federico |
Prato - IT - |
STTFRC80M20G999B |
4.850 .Eur |
48,50 |
|
Calvietti Alberto Antonio Oscar |
|
CLVLRT78R08D612K |
1.666 .Eur |
16,66 |
|
Settesoldi Paolo Vittorio |
|
STTPVT45L25G999X |
50 .Eur |
0,50 |
|
Colzi Angela |
|
CLZNGL46T61A071R |
50 .Eur |
0,50 |
|
Mancantelli Rossella |
|
MNCRSL72L57G999W |
50 .Eur |
0,50 |
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 |
(Workshop) |
|
|
|
|
|
|
Del Molinuzzo |
, 59/61 |
- 50047 |
- Prato |
(PO) |
- IT - |
|
|
|
|
PHONE |
: 0574624331 |
|
|
|
|
FAX |
: 0574622991 |
|
|
|
|
Employees |
: 2 |
|
Stocks for a value of 180.000 |
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
Subject under review started the
activities in 2009.
An eco-fin analysis has been
made on the base od the b/s fo the years 2010, 2011 and 2012.
During the last years, it
recorded positive net results (r.o.e. 9,9% in 2012) but without a significant
increase in the turnover.
The return on Investment in the
last financial year was positive (4,79%) and reflects the field's average.
The amount of the operating
result for the year 2012 is of Eur. 37.696 with an increase of more then 100%
if the compared to the previous financial year.
The G.O.M. amounted to Eur.
54.915 showing an upward trend if compared to 2011.
Financial condition is not
balanced as own capitals do not cover debts, indebtedness level is in fact high
(30,24) which tends downward.
With regard to equity capital,
an amount of Eur. 24.937 is registered. , unchanged as opposed to the preceding
year.
Eur. 754.825 is the amount of
total debts, both commercial and of different nature, with no important change.
Remarkable financial
indebtedness; payments average period is slightly high too (100,42 gg.) but
lined up with the field's average.
It shows a good range of
liquidity.
Trade credits average terms are
slow, on average 104,29 days. , as it normally happens in the sector.
During financial year 2012 the
cash flow amounted to Eur. 19.688
In the last financial year
labour cost was of Eur. 41.751, with a 2,54% incidence on total costs of
production. , whereas the incidence on sales revenues is of 2,49%.
The incidence percentage of
financial charges on sales volume is equal to -1,72%.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.674.352 |
|
Profit (Loss) for the period |
2.469 |
|
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.564.318 |
|
Profit (Loss) for the period |
1.929 |
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
626.191 |
|
Profit (Loss) for the period |
817 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
257.999 |
|
Profit (Loss) for the period |
9.719 |
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 31/12/2012 - 12 Mesi - Currency: - Amounts x 1 |
|
- 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 31/12/2012 |
as at 31/12/2011 |
as at 31/12/2010 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,04 |
0,06 |
0,15 |
0,14 |
|
Elasticity Ratio |
Units |
0,96 |
0,94 |
0,85 |
0,84 |
|
Availability of stock |
Units |
0,22 |
0,14 |
0,24 |
0,24 |
|
Total Liquidity Ratio |
Units |
0,73 |
0,80 |
0,61 |
0,53 |
|
Quick Ratio |
Units |
0,00 |
0,01 |
0,04 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
30,24 |
35,78 |
20,13 |
3,78 |
|
Self Financing Ratio |
Units |
0,03 |
0,03 |
0,05 |
0,17 |
|
Capital protection Ratio |
Units |
0,50 |
0,47 |
0,47 |
0,66 |
|
Liabilities consolidation quotient |
Units |
0,01 |
0,00 |
0,00 |
0,14 |
|
Financing |
Units |
30,27 |
36,24 |
21,09 |
4,55 |
|
Permanent Indebtedness Ratio |
Units |
0,04 |
0,03 |
0,05 |
0,33 |
|
M/L term Debts Ratio |
Units |
0,01 |
0,00 |
0,00 |
0,09 |
|
Net Financial Indebtedness Ratio |
Units |
10,63 |
13,08 |
6,81 |
1,26 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
0,87 |
0,50 |
0,33 |
1,87 |
|
Current ratio |
Units |
1,00 |
0,97 |
0,89 |
1,17 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,76 |
0,83 |
0,65 |
0,79 |
|
Structure's primary quotient |
Units |
0,71 |
0,43 |
0,30 |
1,13 |
|
Treasury's primary quotient |
Units |
0,00 |
0,01 |
0,05 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
3154,21 |
3744,16 |
2220,25 |
587,75 |
|
Current Capital ( net ) |
Value |
-3.503 |
-25.064 |
-45.987 |
209.248 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
1,18 |
1,22 |
2,89 |
2,26 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
9,90 |
8,59 |
3,98 |
3,48 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
35,39 |
-37,61 |
-145,27 |
12,19 |
|
Return on Investment ( R.O.I. ) |
% |
4,79 |
-2,38 |
-20,33 |
3,83 |
|
Return/ Sales |
% |
2,25 |
-1,28 |
-14,81 |
3,45 |
|
Extra Management revenues/charges incid. |
% |
6,55 |
n.c. |
n.c. |
20,46 |
|
Cash Flow |
Value |
19.688 |
19.098 |
18.101 |
50.400 |
|
Operating Profit |
Value |
37.696 |
-20.011 |
-92.722 |
68.610 |
|
Gross Operating Margin |
Value |
54.915 |
-2.842 |
-75.438 |
124.742 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
104,29 |
131,53 |
116,56 |
120,68 |
|
Debts to suppliers average term |
Days |
100,42 |
111,54 |
132,12 |
115,81 |
|
Average stock waiting period |
Days |
37,70 |
26,15 |
61,91 |
78,40 |
|
Rate of capital employed return ( Turnover
) |
Units |
2,13 |
1,86 |
1,37 |
1,14 |
|
Rate of stock return |
Units |
9,55 |
13,77 |
5,81 |
4,57 |
|
Labour cost incidence |
% |
2,49 |
2,45 |
7,92 |
12,27 |
|
Net financial revenues/ charges incidence |
% |
-1,72 |
-1,31 |
-1,47 |
-1,84 |
|
Labour cost on purchasing expenses |
% |
2,54 |
2,45 |
6,50 |
12,16 |
|
Short-term financing charges |
% |
3,85 |
2,51 |
2,13 |
3,35 |
|
Capital on hand |
% |
46,98 |
53,77 |
72,82 |
87,41 |
|
Sales pro employee |
Value |
1.674.352 |
1.564.318 |
626.191 |
245.343 |
|
Labour cost pro employee |
Value |
41.751 |
38.282 |
49.572 |
32.046 |
Market / Territory Data
|
Population living in the province |
: |
238.826 |
|
Population living in the region |
: |
3.598.269 |
|
Number of families in the region |
: |
1.474.681 |
Monthly family expenses average
in the region (in Eur..) :
|
- per food products |
: |
444 |
|
- per non food products |
: |
2.009 |
|
- per energy consume |
: |
122 |
Sector Data
The values are calculated on a
base of 864 significant companies.
The companies cash their credits
on an average of 121 dd.
The average duration of
suppliers debts is about 116 dd.
The sector's profitability is on
an average of 2,26%.
The labour cost affects the
turnover in the measure of 12,27%.
Goods are held in stock in a
range of 78 dd.
The difference between the sales
volume and the resources used to realize it is about 1,14.
The employees costs represent
the 12,16% of the production costs.
Statistical Detrimental Data
Statistically the trade activity
passes through serious crises.
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.61.05 |
|
UK Pound |
1 |
Rs.90.89 |
|
Euro |
1 |
Rs.78.27 |
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.