|
Report Date : |
21.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
INTERCOM S.R.L. |
|
|
|
|
Registered Office : |
Via Della Gora, 13 50025 – Montespertoli (FI) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
05.08.2011 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of other machinery, equipment and supplies |
|
|
|
|
No. of Employees : |
11 to 15 |
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 – 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
Intercom S.r.l.
Via Della Gora, 13
50025 – Montespertoli (FI) -IT-
|
Fiscal Code |
: |
06183210480 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
05/08/2011 |
|
Equity |
: |
1.500.000 |
|
Turnover Range |
: |
5.000.000/6.500.000 |
|
Number of Employees |
: |
from 11 to 15 |
Wholesale of other machinery, equipment and supplies
Wholesale of machine tools
Wholesale of Industrial chemical products
Legal Form : Limited liability company
|
Fiscal Code : 06183210480 |
|
Chamber of Commerce no. : 607410 of since 05/08/2011 |
|
V.A.T. Code : 06183210480 |
|
Establishment date |
: 04/08/2011 |
|
|
Start of Activities |
: 05/08/2011 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 50.000 |
|
|
Subscribed Capital |
: 50.000 |
|
|
Paid up Capital |
: 50.000 |
|
|
|
Giugni |
Paolo |
|
|
|
Born in Firenze |
(FI) |
on 29/07/1951 |
- Fiscal Code : GGNPLA51L29D612V |
|
|
|
Residence: |
|
Di Scandicci |
, 209 |
- 50143 |
Firenze |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
03/08/2011 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
*checkings have been performed on a national scale.
In this module are listed the companies in which members hold or have
holded positions.
|
|
Giugni |
Paolo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Lagora S.a.s. Di Giugni Paolo E C. |
Vaiano (PO) - IT - |
04198080485 |
General 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.
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Giugni Paolo |
Firenze - IT - |
GGNPLA51L29D612V |
15.000 .Eur |
30,00 |
|
Giugni Luca |
Scandicci - IT - |
GGNLCU59T04D612Q |
35.000 .Eur |
70,00 |
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 |
|
|
|
|
|
|
|
Della Gora |
, 13 |
- 50025 |
- Montespertoli |
(FI) |
- IT - |
|
|
|
|
PHONE |
: 0571671096 |
|
- |
Branch |
(Workshop) |
since 01/09/2011 |
|
|
|
|
|
|
Della Gora |
, 13/11 |
- 50025 |
- Montespertoli |
(FI) |
- IT - |
|
- |
Branch |
(Workshop) |
since 01/09/2011 |
|
|
|
|
|
|
Della Gora |
, 13/9 |
- 50025 |
- Montespertoli |
(FI) |
- IT - |
|
- |
Branch |
(Store) |
since 01/09/2011 |
|
|
|
|
|
|
Della Gora |
, 13/15 |
- 50025 |
- Montespertoli |
(FI) |
- IT - |
Office Located:
Via Della Gora 90/92-Loc Baccaiano 50025 Montespertoli (Firenze), Italy
|
|
|
|
Employees |
: 11 |
|
Stocks for a value of 920.000 |
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 company has been recently established.
The balance-sheet analysis has been made on the base of the latest 2
financial years.
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 31,21% in 2012 with an increase in 2012 (more then
100%).
The operating result was positive in the last financial year (14,58%)
and reflects the field's average.
The amount of the operating result for the year 2012 is of Eur. 538.671
rising (+more then 100%) in relation to the previous year.
A gross operating margine for a value of Eur. 607.973 was reached.
growing by more then 100% if compared to the year before.
The financial status of the company is fairly balanced with an
indebtedness level of 1,98 and decreasing as against 2011.
Subject can manage an equity capital funds for an amount of Eur.
1.144.308 , increasing by 45,36% if compared to the financial year 2011.
In the year 2012 total debts amounted to Eur. 2.404.452 , with no
sensible variation.
Current liquid assets is positive.
During financial year 2012 the cash flow amounted to Eur. 426.389
During 2012 financial year labour costs amounted to Eur. 555.375, with a
9,73% incidence on production costs. , with a 8,97% incidence on turnover.
The financial management has a limited economic impact, equal to -0,14%
on the sales.
|
|
|
Complete balance-sheet for the year |
31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.191.935 |
|
Profit (Loss) for the period |
357.087 |
|
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.109.906 |
|
Profit (Loss) for the period |
125.437 |
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 |
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|
|
RATIOS |
Value Type |
as at 31/12/2012 |
as at 31/12/2011 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
Rigidity Ratio |
Units |
0,07 |
0,07 |
0,10 |
|
Elasticity Ratio |
Units |
0,92 |
0,92 |
0,87 |
|
Availability of stock |
Units |
0,25 |
0,22 |
0,21 |
|
Total Liquidity Ratio |
Units |
0,67 |
0,70 |
0,61 |
|
Quick Ratio |
Units |
0,03 |
0,07 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
Net Short-term indebtedness |
Units |
1,98 |
3,38 |
4,04 |
|
Self Financing Ratio |
Units |
0,31 |
0,21 |
0,16 |
|
Capital protection Ratio |
Units |
0,64 |
0,78 |
0,59 |
|
Liabilities consolidation quotient |
Units |
0,08 |
0,06 |
0,11 |
|
Financing |
Units |
2,10 |
3,56 |
4,85 |
|
Permanent Indebtedness Ratio |
Units |
0,36 |
0,26 |
0,26 |
|
M/L term Debts Ratio |
Units |
0,05 |
0,05 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
1,01 |
|
CORRELATION |
|
|
|
|
|
Fixed assets ratio |
Units |
4,87 |
3,59 |
2,12 |
|
Current ratio |
Units |
1,44 |
1,24 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,05 |
0,95 |
0,88 |
|
Structure's primary quotient |
Units |
4,20 |
2,96 |
1,40 |
|
Treasury's primary quotient |
Units |
0,04 |
0,09 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
322,92 |
472,38 |
620,22 |
|
Current Capital ( net ) |
Value |
1.049.158 |
674.561 |
131.414 |
|
RETURN |
|
|
|
|
|
Return on Sales |
% |
6,89 |
7,66 |
2,27 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
31,21 |
15,93 |
6,70 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
47,69 |
24,92 |
18,85 |
|
Return on Investment ( R.O.I. ) |
% |
14,58 |
5,47 |
4,76 |
|
Return/ Sales |
% |
8,70 |
9,63 |
3,70 |
|
Extra Management revenues/charges incid. |
% |
66,29 |
61,72 |
28,15 |
|
Cash Flow |
Value |
426.389 |
161.541 |
39.655 |
|
Operating Profit |
Value |
538.671 |
203.240 |
63.123 |
|
Gross Operating Margin |
Value |
607.973 |
239.344 |
99.042 |
|
MANAGEMENT |
|
|
|
|
|
Credits to clients average term |
Days |
n.c. |
365,31 |
119,16 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
116,83 |
|
Average stock waiting period |
Days |
53,52 |
139,43 |
58,39 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,68 |
0,57 |
1,36 |
|
Rate of stock return |
Units |
6,73 |
2,58 |
6,14 |
|
Labour cost incidence |
% |
8,97 |
10,10 |
8,98 |
|
Net financial revenues/ charges incidence |
% |
-0,14 |
-0,31 |
-1,08 |
|
Labour cost on purchasing expenses |
% |
9,73 |
10,79 |
8,98 |
|
Short-term financing charges |
% |
0,41 |
0,24 |
2,60 |
|
Capital on hand |
% |
59,68 |
176,25 |
73,17 |
|
Sales pro employee |
Value |
562.903 |
351.651 |
394.001 |
|
Labour cost pro employee |
Value |
50.488 |
35.506 |
34.340 |
|
Population living in the province |
: |
965.388 |
|
Population living in the region |
: |
3.598.269 |
|
Number of families in the region |
: |
1.474.681 |
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
444 |
|
- per non food products |
: |
2.009 |
|
- per energy consume |
: |
122 |
The values are calculated on a base of 2.551 significant companies.
The companies cash their credits on an average of 119 dd.
The average duration of suppliers debts is about 117 dd.
The sector's profitability is on an average of 2,27%.
The labour cost affects the turnover in the measure of 8,98%.
Goods are held in stock in a range of 58 dd.
The difference between the sales volume and the resources used to
realize it is about 1,36.
The employees costs represent the 8,98% of the production costs.
Statistcally 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 5.242.
The insolvency index for the region is 0,70, , while for the province it
is 0,55.
Total Bankrupt companies in the province : 6.520.
Total Bankrupt companies in the region : 20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.70 |
|
|
1 |
Rs.92.22 |
|
Euro |
1 |
Rs.79.18 |
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.