MIRA
INFORM REPORT
|
Report Date : |
08.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
VENETA ITALIANA
PELLE S.R.L. |
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Registered Office : |
Via Seconda Strada, 8
36071 - Arzignano (VI) |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
09.06.1999 |
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Legal Form : |
Limited liability company |
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Line of Business : |
Wholesale
of hides, skins and leather |
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No. of Employees : |
From 1 to 5 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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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) |
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A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Source
: CIA
Company Name and Address
Veneta Italiana Pelle S.r.l.
Via Seconda Strada, 8
36071 - Arzignano (VI) -IT-
Summary
|
Fiscal Code |
: |
02755960248 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
09/06/1999 |
|
Equity |
: |
200.000 |
|
Turnover Range |
: |
3.750.000/5.000.000 |
|
Number of Employees |
: |
from 1 to 5 |
Activity
Wholesale
of hides, skins and leather
Legal Data
Legal Form :
Limited liability
company
Fiscal Code : 02755960248
Chamber of Commerce no. : 272428 of Vicenza
since 16/06/1999
V.A.T. Code : 02755960248
|
Establishment date |
: 08/04/1999 |
|
Start of Activities |
: 09/06/1999 |
|
Legal duration |
: 31/12/2050 |
|
Nominal Capital |
: 30.600 |
|
Subscribed Capital |
: 30.600 |
|
Paid up Capital |
: 30.600 |
Members
|
|
Lighezzolo |
Andrea |
|
|
|
Born in Arzignano |
(VI) |
on 03/05/1980 |
- Fiscal Code : LGHNDR80E03A459E |
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Residence: |
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Leopardi |
, 3 |
- 36071 |
Arzignano |
(VI) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
29/12/2009 |
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No Prejudicial events
are reported |
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No Protests
registered |
Companies connected to members *
*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.
Capital Shareholders
Shareholders' list as at date of data
collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Immobiliare L.o.d. S.p.a. |
Vicenza - IT - |
00271050932 |
15.300 .Eur |
50,00 |
|
Lighezzolo Andrea |
Arzignano - IT - |
LGHNDR80E03A459E |
15.300 .Eur |
50,00 |
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 |
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Seconda Strada |
, 8 |
- 36071 |
- Arzignano |
(VI) |
- IT - |
|
- |
Branch |
(Administrative
office) |
since 01/09/2013 |
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|
Pesa |
, 19/9 |
- 36054 |
- Montebello Vicentino |
(VI) |
- IT - |
|
Employees |
: 4 |
|
|
Assistants |
: 1 |
|
Fittings and Equipment for a value of
29.000 |
Eur |
|
Stocks for a value of 350.000 |
Eur |
Historical Information and/or Firm's Status
EX-MEMBERS /
EX-POSITIONS:
|
|
Lighezzolo |
Luigi |
|
|
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Born in Arzignano |
(VI) |
on 14/10/1952 |
- Fiscal Code : LGHLGU52R14A459L |
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Residence: |
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Leopardi |
, 3 |
- 36071 |
Arzignano |
(VI) |
- IT - |
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Ex-Postions |
|
Liquidator |
Protests
Protests checking on the subject firm has
given a negative result.
Data Base Prejudicial Events Search
Search performed on a National Scale
|
|
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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
Company's starting of activities dates back
to 1999.
The analysis is based on the latest 3
balance sheets.
During the last years, it recorded positive
net results (r.o.e. 19,44% in 2012) with a remarkable
upward trend (more then 100% on 2012 compared to 2011 and more then 100% on
2011 compared to 2010).
The operating result in 2012 was positive
(5,14%) falling within the field's average.
The amount of the operating result for the
year 2012 is of Eur. 71.898 with a -57,32% drop.
During the latest financial year the gross
operating margin amounted to Eur. 77.687 recording a -54,44%
decrease.
The financial position is not well balanced
as the volume of debts is fairly remarkable if compared to shareholder's
equity, in fact total debts are 6,3 but on the decrease if compared to the year
before.
Subject can manage an equity capital funds
for an amount of Eur. 182.566 , increasing by 24,13%
if compared to the year before.
In the year 2012 total debts amounted to Eur. 1.213.317 showing a stable trend as opposed to 2011 (Eur. 1.046.241).
Bank borrowings' volume is slightly high but
it modestly dips into suppliers credit, 81,13 gg. is
the payments' average time lined up with the sector.
The management determines a good range of
liquidity.
Credits are collected in 60,37 days on the
average. , lower than the sector's average.
The financial management generated a cash
flow of Eur. 41.284.
Financial charges have a limited incidence
(-0,21%) on sales volume.
Financial Data
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Complete balance-sheet for the year |
31/12/2012 |
(in Eur |
x 1) |
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Item Type |
Value |
|
Sales |
4.432.850 |
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Profit (Loss) for the period |
35.495 |
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Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
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Item Type |
Value |
|
Sales |
2.023.754 |
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Profit (Loss) for the period |
99.034 |
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|
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Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
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Item Type |
Value |
|
Sales |
558.896 |
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Profit (Loss) for the period |
25.969 |
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 |
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- Balance Sheet
as at 31/12/2011 - 12 Mesi - Currency: - Amounts x
1 |
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- 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 |
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COMPOSITION ON
INVESTMENT |
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Rigidity Ratio |
Units |
0,00 |
0,01 |
0,00 |
0,11 |
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Elasticity Ratio |
Units |
0,98 |
0,98 |
1,00 |
0,87 |
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Availability of stock |
Units |
0,25 |
0,74 |
0,54 |
0,17 |
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Total Liquidity Ratio |
Units |
0,73 |
0,25 |
0,46 |
0,61 |
|
Quick Ratio |
Units |
0,04 |
0,01 |
0,00 |
0,03 |
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COMPOSITION ON
SOURCE |
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|
|
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Net Short-term indebtedness |
Units |
6,30 |
6,93 |
9,34 |
3,90 |
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Self Financing Ratio |
Units |
0,13 |
0,12 |
0,09 |
0,17 |
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Capital protection Ratio |
Units |
0,72 |
0,22 |
0,14 |
0,66 |
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Liabilities consolidation quotient |
Units |
0,01 |
0,01 |
0,02 |
0,09 |
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Financing |
Units |
6,65 |
7,11 |
9,53 |
4,57 |
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Permanent Indebtedness Ratio |
Units |
0,14 |
0,13 |
0,11 |
0,28 |
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M/L term Debts Ratio |
Units |
0,01 |
0,01 |
0,02 |
0,06 |
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Net Financial Indebtedness Ratio |
Units |
1,07 |
2,45 |
6,16 |
0,96 |
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CORRELATION |
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Fixed assets ratio |
Units |
35,39 |
15,67 |
118,82 |
2,10 |
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Current ratio |
Units |
1,14 |
1,13 |
1,13 |
1,13 |
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Acid Test Ratio-Liquidity Ratio |
Units |
0,85 |
0,28 |
0,51 |
0,86 |
|
Structure's primary quotient |
Units |
33,55 |
14,76 |
100,08 |
1,34 |
|
Treasury's primary quotient |
Units |
0,04 |
0,02 |
0,00 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
766,82 |
811,38 |
1053,30 |
587,66 |
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Current Capital ( net ) |
Value |
169.836 |
137.726 |
56.556 |
135.886 |
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RETURN |
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Return on Sales |
% |
0,93 |
5,00 |
4,94 |
1,61 |
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Return on Equity - Net- ( R.O.E. ) |
% |
19,44 |
67,34 |
54,06 |
5,01 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
34,27 |
101,18 |
71,60 |
13,67 |
|
Return on Investment ( R.O.I. ) |
% |
5,14 |
14,12 |
5,15 |
4,30 |
|
Return/ Sales |
% |
1,62 |
8,32 |
4,67 |
2,39 |
|
Extra Management revenues/charges incid. |
% |
49,37 |
58,79 |
99,57 |
27,17 |
|
Cash Flow |
Value |
41.284 |
101.091 |
27.622 |
47.597 |
|
Operating Profit |
Value |
71.898 |
168.467 |
26.082 |
71.380 |
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Gross Operating Margin |
Value |
77.687 |
170.524 |
27.735 |
124.518 |
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MANAGEMENT |
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Credits to clients average term |
Days |
60,37 |
24,10 |
113,55 |
90,43 |
|
Debts to suppliers average term |
Days |
81,13 |
89,73 |
91,14 |
76,51 |
|
Average stock waiting period |
Days |
28,07 |
156,87 |
176,88 |
37,27 |
|
Rate of capital employed return ( Turnover
) |
Units |
3,17 |
1,70 |
1,10 |
1,64 |
|
Rate of stock return |
Units |
12,83 |
2,29 |
2,04 |
9,56 |
|
Labour cost incidence |
% |
n.c. |
n.c. |
n.c. |
4,81 |
|
Net financial revenues/ charges incidence |
% |
-0,21 |
-0,97 |
1,49 |
-0,99 |
|
Labour cost on
purchasing expenses |
% |
n.c. |
n.c. |
n.c. |
4,83 |
|
Short-term financing charges |
% |
0,79 |
1,88 |
n.c. |
2,90 |
|
Capital on hand |
% |
31,58 |
58,97 |
90,53 |
60,86 |
|
Sales pro employee |
Value |
|
|
|
686.413 |
|
Labour cost pro
employee |
Value |
|
|
|
33.271 |
Remarks
1) Protests checking (relative to the last five
years) performed by crossing and matching the members names and the Firm's
Style with the reported addresses, is supplied by the Informatic
Registry managed by the Italian Chamber of Commerce. If the fiscal code is not
indicated, the eventual homonymous cases are submitted to expert staff
evaluation in order to limit wrong matching risks.
2) The Legal Data, supplied and retrived from the Firm's Registry of the Italian Chamber of
Commerce, are in line with the last registered modifications.
3) Risk evaluation and Credit Opinion have
been performed on the base of the actual data at the moment of their
availability.
Market/ Territory Data
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Population living in the province |
: |
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Population living in the region |
: |
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Number of families in the region |
: |
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Monthly family expences
average in the region (in Eur..) :
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- per food products |
: |
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- per non food products |
: |
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- per energy consume |
: |
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Sector Data
The values are calculated on a base of 941
significant companies.
The companies cash their credits on an
average of 90 dd.
The average duration of suppliers debts is
about 77 dd.
The sector's profitability is on an average
of 1,61%.
The labour cost
affects the turnover in the measure of 4,81%.
Goods are held in stock in a range of 37 dd.
The difference between the sales volume and
the resources used to realize it is about 1,64.
The employees costs represent the 4,83% of
the production costs.
Statistical Detrimental Data
Statistically the trade activity passes
through serious crises.
The area is statistically considered lowly
risky.
In the region 13.782 protested subjects are
found; in the province they count to 2.234.
The insolvency index for the region is 0,30,
, while for the province it is 0,27.
Total Bankrupt companies in the province :
2.546.
Total Bankrupt companies in the region :
16.714.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.57 |
|
|
1 |
Rs.100.63 |
|
Euro |
1 |
Rs.84.62 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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.