MIRA
INFORM REPORT
|
Report Date : |
18.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
TECHFIL S.R.L. |
|
|
|
|
Registered Office : |
Vicolo Treviso, 8 31040 - Trevignano (TV) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
13.03.2001 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Manufacture of finished textile articles (except apparel) |
|
|
|
|
No. of Employees : |
fom 6 to 10 |
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 – 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 and address
TECHFIL S.R.L.
Vicolo Treviso, 8
31040 - Trevignano (TV) -IT-
Summary
|
Fiscal Code |
: |
03593260262 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
13/03/2001 |
|
Equity |
: |
300.000 |
|
Turnover Range |
: |
18.000.000/20.000.000 |
|
Number of Employees |
: |
fom 6 to 10 |
Activity
Manufacture of finished textile articles (except apparel)
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 03593260262 |
|
Chamber of Commerce no. : 83180 of Pordenone since 29/04/2004 |
|
Chamber of Commerce no. : 496950 of Prato |
|
Chamber of Commerce no. : 127925 of Trieste |
|
Chamber of Commerce no. : 283328 of Treviso since 13/03/2001 |
|
Chamber of Commerce no. : 207887 of Udine since 02/10/1996 |
|
Firms' Register : TV-2001-18681 of Pordenone |
|
Firms' Register : TV-2001-18681 of Treviso |
|
Firms' Register : TV-2001-18681 of Udine since 13/03/2001 |
|
Firms' Register : UD-1996-240123 of Udine since 02/10/1996 |
|
V.A.T. Code : 03593260262 |
|
Establishment date |
: 15/07/1996 |
|
|
Start of Activities |
: 13/03/2001 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 351.000 |
|
|
Subscribed Capital |
: 351.000 |
|
|
Paid up Capital |
: 351.000 |
Members
|
|
Parodi |
Andrea |
|
|
Born in Torino |
(TO) |
on 27/07/1956 |
- Fiscal Code : PRDNDR56L27L219O |
|
|
Residence: |
S. Agostino |
, 12 |
- 31100 |
Treviso |
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
13/12/2012 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Tozzato |
Daniele |
|
|
Born in Venezia |
(VE) |
on 15/05/1956 |
- Fiscal Code : TZZDNL56E15L736C |
|
|
Residence: |
Miranese |
, 86 |
- 30172 |
Venezia |
(VE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Auditor |
20/05/2011 |
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.
|
|
Parodi |
Andrea |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
TURATI 1892 S.R.L. |
Lusernetta (TO) - IT - |
01669810010 |
Managing Director |
Withdrawn |
Ceased |
|
TURATI 1892 S.R.L. |
Lusernetta (TO) - IT - |
01669810010 |
Director |
Withdrawn |
Ceased |
|
Fil Man Made Group - S.r.l. |
Trevignano (TV) - IT - |
02207220266 |
Managing Director |
Withdrawn |
Merged |
|
Fil Man Made Group - S.r.l. |
Trevignano (TV) - IT - |
02207220266 |
Director |
Withdrawn |
Merged |
|
Fil Man Made Group - S.r.l. |
Trevignano (TV) - IT - |
01175770930 |
Managing Director |
Active |
Registered |
|
Fil Man Made Group - S.r.l. |
Trevignano (TV) - IT - |
01175770930 |
Director |
Active |
Registered |
|
Neafidi - Societa' Cooperativa Di Garanzia Collettiva Fidi |
Vicenza (VI) - IT - |
80003250240 |
Director |
Active |
Registered |
|
Neafidi - Societa' Cooperativa Di Garanzia Collettiva Fidi |
Vicenza (VI) - IT - |
80003250240 |
Memb.of the Executive Committee |
Active |
Registered |
|
Tirso Srl |
Trevignano (TV) - IT - |
03375820267 |
Managing Director |
Active |
Registered |
|
Tirso Srl |
Trevignano (TV) - IT - |
03375820267 |
Director |
Active |
Registered |
|
Area 52 S.r.l. |
Vidor (TV) - IT - |
03988780262 |
Director |
Active |
Registered |
|
Area 52 S.r.l. |
Vidor (TV) - IT - |
03988780262 |
Managing 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 |
|
Fil Man Made Group - S.r.l. |
01175770930 |
333.450 .Eur |
95,00 |
|
|
Agostini Alessandro |
GSTLSN62A26G999T |
17.550 .Eur |
5,00 |
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 |
|
Treviso |
, 8 |
- 31040 |
- Trevignano |
(TV) |
- IT - |
|
- |
Branch |
(Store) |
since 25/04/2004 |
|
Venezia |
, 10 |
- 33085 |
- Maniago |
(PN) |
- IT - |
|
Trading Style: TECHFIL SRL |
|
- |
Branch |
(office) |
since 01/05/2007 |
|
F. Ferrucci |
, 41 |
- 50047 |
- Prato |
(PO) |
- IT - |
|
- |
Branch |
(Store) |
since 26/03/2008 |
|
Flavia Di Stramare |
, 129 |
- 34015 |
- Muggia |
(TS) |
- IT - |
|
- |
Branch |
(Store) |
since 25/04/2004 |
|
A. Malignani |
, 12 |
- 33058 |
- San Giorgio di Nogaro |
(UD) |
- IT - |
|
Trading Style: TECHFIL SRL |
|
Employees |
: 10 |
|
Fittings and Equipment for a value of 1.040.000 |
Eur |
|
Stocks for a value of 1.230.000 |
Eur |
Historical Information and/or Firm's Status
EX-MEMBERS / EX-POSITIONS:
|
|
Parodi |
Andrea |
|
|
Born in Torino |
(TO) |
on 27/07/1956 |
- Fiscal Code : PRDNDR56L27L219O |
|
|
Residence: |
S. Agostino |
, 12 |
- 31100 |
Treviso |
(TV) |
- IT - |
|
Ex-Postions |
|
Director |
|
Board Chairman |
|
|
Parodi |
Pietro |
|
|
Born in Torino |
(TO) |
on 21/05/1927 |
- Fiscal Code : PRDPTR27E21L219E |
|
|
Residence: |
S. Agostino |
, 12 |
- 31100 |
Treviso |
(TV) |
- IT - |
|
Ex-Postions |
|
Sole Director |
|
Director |
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
The company is active since 2001
The analysis is based on the latest 3 balance sheets.
Unstable economic results mark the company's financial state of affairs.
; in the last financial year a loss was registered (r.o.e. -89,83%) Business
volume is falling in the last financial year.
The operating result was positive in the last financial year (1,05%) and
in line with the sector's average.
An operating result of Eur. 83.665 has been registered. rising (+68,64%)
in relation to the previous year.
A gross operating margine for a value of Eur. 264.678 was reached. ,with
no change if compared to the year before.
Short-term debts volume if compared to net worth, as it comes out from
the total indebtedness (25,08) which tends upward.
Subject can manage an equity capital funds for an amount of Eur. 299.287
showing a -47,32% drop.
Total indebtedness amounts to Eur. 7.506.415, , with no sensible
variation.
The recourse to bank credit is high compared to net worth, debts to
suppliers are on the other hand limited which is also lower than the sector
average.
Payments are supported by good current assets.
Trade credits are collected slowly, average term is 108,81 days. within
the standard level of the average of the sector.
(Eur. -87.850) is the negative value of the cash flow.
Labour cost amounts to Eur. 452.415, with a 2,51% incidence on
production costs. and a 2,39% incidence on sales volumes.
The incidence percentage of financial charges on sales volume is equal
to -1,55%.
Financial Data
|
|
Complete balance-sheet for the year |
31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
18.943.991 |
|
Profit (Loss) for the period |
-268.863 |
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
21.997.456 |
|
Profit (Loss) for the period |
-144.085 |
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
22.118.068 |
|
Profit (Loss) for the period |
172.334 |
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 |
0,02 |
0,02 |
0,03 |
0,24 |
|
Elasticity Ratio |
Units |
0,98 |
0,97 |
0,97 |
0,72 |
|
Availability of stock |
Units |
0,15 |
0,22 |
0,17 |
0,19 |
|
Total Liquidity Ratio |
Units |
0,83 |
0,75 |
0,80 |
0,45 |
|
Quick Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,02 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
25,08 |
15,54 |
14,73 |
1,93 |
|
Self Financing Ratio |
Units |
0,04 |
0,06 |
0,06 |
0,25 |
|
Capital protection Ratio |
Units |
0,73 |
0,64 |
0,27 |
0,71 |
|
Liabilities consolidation quotient |
Units |
0,01 |
0,02 |
0,01 |
0,23 |
|
Financing |
Units |
25,08 |
15,54 |
14,73 |
2,69 |
|
Permanent Indebtedness Ratio |
Units |
0,05 |
0,07 |
0,07 |
0,42 |
|
M/L term Debts Ratio |
Units |
0,01 |
0,01 |
0,01 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
19,11 |
11,03 |
9,50 |
1,12 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
3,25 |
2,97 |
2,72 |
1,56 |
|
Current ratio |
Units |
1,05 |
1,06 |
1,06 |
1,24 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,88 |
0,82 |
0,87 |
0,87 |
|
Structure's primary quotient |
Units |
2,37 |
2,39 |
2,35 |
1,01 |
|
Treasury's primary quotient |
Units |
0,00 |
0,00 |
0,00 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
2668,40 |
1692,42 |
1598,53 |
407,34 |
|
Current Capital ( net ) |
Value |
343.075 |
539.864 |
587.502 |
387.489 |
|
RETURN |
|||||
|
Return on Sales |
% |
-0,46 |
0,15 |
1,65 |
2,88 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-89,83 |
-25,36 |
24,20 |
2,51 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-62,32 |
-6,22 |
49,21 |
9,26 |
|
Return on Investment ( R.O.I. ) |
% |
1,05 |
0,52 |
4,80 |
3,77 |
|
Return/ Sales |
% |
0,44 |
0,23 |
2,47 |
3,77 |
|
Extra Management revenues/charges incid. |
% |
-321,36 |
-290,44 |
31,50 |
21,16 |
|
Cash Flow |
Value |
-87.850 |
33.999 |
364.191 |
79.355 |
|
Operating Profit |
Value |
83.665 |
49.609 |
547.026 |
112.730 |
|
Gross Operating Margin |
Value |
264.678 |
227.693 |
738.883 |
210.674 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
108,81 |
117,26 |
147,07 |
117,72 |
|
Debts to suppliers average term |
Days |
34,77 |
40,80 |
62,65 |
111,36 |
|
Average stock waiting period |
Days |
23,40 |
35,22 |
31,15 |
76,26 |
|
Rate of capital employed return ( Turnover ) |
Units |
2,37 |
2,29 |
1,94 |
1,01 |
|
Rate of stock return |
Units |
15,38 |
10,22 |
11,56 |
4,65 |
|
Labour cost incidence |
% |
2,39 |
2,16 |
1,90 |
14,67 |
|
Net financial revenues/ charges incidence |
% |
-1,55 |
-1,08 |
-0,89 |
-1,77 |
|
Labour cost on purchasing expenses |
% |
2,51 |
2,14 |
1,96 |
14,77 |
|
Short-term financing charges |
% |
3,90 |
2,75 |
1,95 |
3,20 |
|
Capital on hand |
% |
42,16 |
43,71 |
51,48 |
98,20 |
|
Sales pro employee |
Value |
2.104.887 |
2.199.745 |
2.457.563 |
213.243 |
|
Labour cost pro employee |
Value |
50.268 |
47.616 |
46.605 |
32.119 |
Market / Territory Data
|
Population living in the province |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
838.732Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
|
|
- per non food products |
: |
|
|
- per energy consume |
: |
|
Sector Data
The values are calculated on a base of 1.146 significant companies.
The companies cash their credits on an average of 118 dd.
The average duration of suppliers debts is about 111 dd.
The sector's profitability is on an average of 2,88%.
The labour cost affects the turnover in the measure of 14,67%.
Goods are held in stock in a range of 76 dd.
The difference between the sales volume and the resources used to
realize it is about 1,01.
The employees costs represent the 14,77% 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 2.280.
The insolvency index for the region is 0,30, , while for the province it
is 0,28.
Total Bankrupt companies in the province : 3.317.
Total Bankrupt companies in the region : 16.714.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.06 |
|
|
1 |
Rs.101.15 |
|
Euro |
1 |
Rs.84.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.