MIRA
INFORM REPORT
|
Report Date : |
05.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
GRUPPO DP S.P.A. |
|
|
|
|
Registered Office : |
Corso Gastaldi Aldo, 19/6, 16131 – Genova (GE) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
04.03.1994 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Wholesaler of raw and semi-finished
textile fibres |
|
|
|
|
No. of Employees |
from 26 to 35 employees |
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 but Correct |
|
|
|
|
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
higher. 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 133%
of GDP in 2013, but investor concerns about Italy and the broader euro-zone
crisis eased in 2013, bringing down Italy's borrowing costs on sovereign
government debt from euro-era. The government still faces pressure from
investors and European partners to sustain its efforts to address Italy's
long-standing structural impediments to growth, such as labor market
inefficiencies and widespread tax evasion. In 2013 economic growth and labor
market conditions deteriorated, with growth at -1.8% and unemployment rising to
12.4%, with youth unemployment around 40%. Italy's GDP is now 8% below its 2007
pre-crisis level.
|
Source : CIA |
Company name & address
Gruppo Dp S.p.a.
Corso Gastaldi Aldo, 19/6
16131 - Genova (GE) -IT-
Summary
|
Fiscal Code |
: |
03436170108 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
04/05/1994 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
6.500.000/7.750.000 |
|
Number of Employees |
: |
from 26 to 35 |
Activity
Wholesaler of raw and semi-finished textile
fibres
Legal Data
Legal Form : Joint stock company
|
Fiscal Code : 03436170108 |
|
Chamber of Commerce no. : 344743 of Genova
since 07/04/1994 |
|
Firms' Register : GE025-59881 of Genova
since 19/02/1996 |
|
V.A.T. Code : 03436170108 |
|
Foundation date |
: 04/03/1994 |
|
|
Establishment date |
: 04/03/1994 |
|
|
Start of Activities |
: 04/05/1994 |
|
|
Legal duration |
: 31/12/2040 |
|
|
Nominal Capital |
: 547.000 |
|
|
Subscribed Capital |
: 547.000 |
|
|
Paid up Capital |
: 546.000 |
Members
|
|
Dagnino |
Giorgio |
|
|
Born in Genova |
(GE) |
on 20/07/1972 |
- Fiscal Code : DGNGRG72L20D969A |
|
|
Residence: |
Aldo Gastaldi |
, 19/6 |
- 16131 |
Genova |
(GE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/12/2013 |
||
|
Partner |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Dagnino |
Nicola |
|
|
Born in Genova |
(GE) |
on 16/07/1962 |
- Fiscal Code : DGNNCL62L16D969U |
|
|
Residence: |
Cesarea |
, 11/6 |
- 16121 |
Genova |
(GE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/12/2013 |
||
|
Board Chairman |
23/12/2013 |
|
|
Prejudicial
Events found with cancellations* |
Legal Mortgage - 04/07/2007. -
1.597 Euro. Event writing-off
|
|
GEST LINE S.P.A. |
|
|
No Protests
registered |
|
|
Aschele |
Valeria |
|
|
Born in Genova |
(GE) |
on 27/11/1968 |
- Fiscal Code : SCHVLR68S67D969A |
|
|
Residence: |
Firenze |
, 38 |
- 16136 |
Genova |
(GE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/12/2013 |
|
|
Allosia |
Alessandro |
|
|
Born in Pinerolo |
(TO) |
on 22/05/1976 |
- Fiscal Code : LLSLSN76E22G674J |
|
|
Residence: |
San Francesco D'assisi |
, 13 |
- 17100 |
Savona |
(SV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
06/02/2014 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
*Concerns also partially erased events.
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.
|
|
Dagnino |
Nicola |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
IM-EX-A di Dagnino Nicola |
- - |
Proprietor |
Active |
Registered |
|
|
L.t.i. Italia S.r.l. |
Genova (GE) - IT - |
01194290993 |
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 |
|
Dagnino Giorgio |
Genova - IT - |
DGNGRG72L20D969A |
243.000 .Eur |
44,42 |
|
Dagnino Nicola |
Genova - IT - |
DGNNCL62L16D969U |
243.000 .Eur |
44,42 |
|
Casareto Isabella |
CSRSLL35S51L298H |
61.000 .Eur |
11,15 |
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 |
|
Gastaldi Aldo |
, 19/6 |
- 16100 |
- Genova |
(GE) |
- IT - |
|
- |
Branch |
(Factory) |
since 30/04/1998 |
|
Gualco |
, 56 D-E |
- 16100 |
- Genova |
(GE) |
- IT - |
|
- |
Branch |
(office) |
since 30/04/1998 |
|
Gastaldi |
, 19/5 |
- 16100 |
- Genova |
(GE) |
- IT - |
|
- |
Branch |
(Factory) |
since 23/03/2004 |
|
Pian Masino |
, 69 A |
- 16011 |
- Arenzano |
(GE) |
- IT - |
|
- |
Branch |
(Store) |
|
Gastaldi Aldo |
, 123 R. |
- 16100 |
- Genova |
(GE) |
- IT - |
|
- |
Branch |
(office) |
since 25/06/2007 |
|
Gastaldi Aldo |
, 19 |
- 16100 |
- Genova |
(GE) |
- IT - |
|
Employees |
: 28 |
|
Assistants |
: 3 |
|
Fittings and Equipment for a value of
190.000 |
Eur |
|
Stocks for a value of 2.980.000 |
Eur |
|
Furniture and fittings for a value of
31.000 |
Eur |
|
Cars: 1. |
|
Vehicles: 1. |
Sales area on a national scale.
Products are mainly distributed by
pluri-mandatory agents.
The company supplies wholesalers and
retailers.
Historical Information and/or Firm's Status
EX-MEMBERS /
EX-POSITIONS:
|
|
Dagnino |
Giorgio |
|
|
Born in Genova |
(GE) |
on 20/07/1972 |
- Fiscal Code : DGNGRG72L20D969A |
|
|
Residence: |
Aldo Gastaldi |
, 19/6 |
- 16131 |
Genova |
(GE) |
- IT - |
|
Ex-Postions |
|
Chairman |
|
|
Aschele |
Valeria |
|
|
Born in Genova |
(GE) |
on 27/11/1968 |
|
|
Residence: |
Monte Pertica |
, 7/24 |
- 16100 |
Genova |
(GE) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
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: |
|
|
Prejudicial
Events found with cancellations* |
Legal Mortgage on
25/09/2007. for an amount of 13.171 Euro. Event writing-off
|
EQUITALIA POLIS S.P.A. |
Search performed on a specialized data base.
*Concerns also partially erased events.
Legal Procedures
None reported, standing to the latest
received edition of the Official Publications.
Financial and Economical Analysis
Subject is active since 1994
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. 2,4% in 2012) but without a significant increase in the
turnover.
The operating result was positive in the
last financial year (4,56%) falling within the field's average.
The amount of the operating result for the
year 2012 is of Eur. 291.902 with a -27,37% fall as against the year 2011.
The economic management produced a gross
operating margin of Eur. 537.985 stable if compared to the financial year 2011.
The company has an excellent net worth if
compared to its debts, with a low indebtedness (0,96) and with an upward trend
compared to the previous year.
It's shareholders funds amount to Eur.
2.736.177 on the same levels as the year before.
Total indebtedness was equal to Eur.
3.062.593 (Eur. 156.977 was the value of m/l term debts) , decreasing if
compared to 2011 (-21,45%).
Available funds are good.
Eur. 180.808 is the value of cash flow
during the year 2012
Subordinate employment cost is of Eur.
950.697, i.e. 12,84% on total production costs. , whereas 12,71% is the
incidence on sales revenues.
If compared to the sales volume (-0,94%),
the impact of the financial charges is limited.
Financial Data
|
Complete balance-sheet for the year |
31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
7.478.475 |
|
Profit (Loss) for the period |
65.705 |
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
7.790.062 |
|
Profit (Loss) for the period |
169.692 |
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.903.008 |
|
Profit (Loss) for the period |
178.916 |
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 |
0,21 |
0,18 |
0,23 |
0,11 |
|
Elasticity Ratio |
Units |
0,79 |
0,81 |
0,76 |
0,87 |
|
Availability of stock |
Units |
0,47 |
0,43 |
0,41 |
0,22 |
|
Total Liquidity Ratio |
Units |
0,32 |
0,38 |
0,35 |
0,56 |
|
Quick Ratio |
Units |
0,04 |
0,04 |
0,04 |
0,02 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
0,96 |
1,28 |
0,97 |
3,81 |
|
Self Financing Ratio |
Units |
0,43 |
0,39 |
0,44 |
0,17 |
|
Capital protection Ratio |
Units |
0,78 |
0,74 |
0,73 |
0,65 |
|
Liabilities consolidation quotient |
Units |
0,18 |
0,12 |
0,20 |
0,12 |
|
Financing |
Units |
1,12 |
1,42 |
1,14 |
4,72 |
|
Permanent Indebtedness Ratio |
Units |
0,51 |
0,45 |
0,53 |
0,30 |
|
M/L term Debts Ratio |
Units |
0,08 |
0,06 |
0,09 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
1,28 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
2,42 |
2,48 |
2,34 |
2,06 |
|
Current ratio |
Units |
1,73 |
1,52 |
1,65 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,71 |
0,71 |
0,75 |
0,84 |
|
Structure's primary quotient |
Units |
2,03 |
2,13 |
1,94 |
1,28 |
|
Treasury's primary quotient |
Units |
0,09 |
0,07 |
0,08 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
234,19 |
259,03 |
229,27 |
591,61 |
|
Current Capital ( net ) |
Value |
2.131.590 |
1.967.968 |
1.809.883 |
219.071 |
|
RETURN |
|||||
|
Return on Sales |
% |
2,42 |
4,47 |
4,40 |
2,22 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
2,40 |
6,19 |
6,78 |
6,27 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
8,10 |
13,01 |
12,35 |
15,95 |
|
Return on Investment ( R.O.I. ) |
% |
4,56 |
5,66 |
5,84 |
4,19 |
|
Return/ Sales |
% |
3,90 |
5,16 |
5,13 |
3,42 |
|
Extra Management revenues/charges incid. |
% |
22,51 |
42,22 |
50,56 |
29,26 |
|
Cash Flow |
Value |
180.808 |
348.220 |
303.709 |
61.669 |
|
Operating Profit |
Value |
291.902 |
401.903 |
353.851 |
95.558 |
|
Gross Operating Margin |
Value |
537.985 |
650.498 |
478.644 |
144.934 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
n.c. |
n.c. |
n.c. |
120,94 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
n.c. |
120,04 |
|
Average stock waiting period |
Days |
143,47 |
142,00 |
130,25 |
61,92 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,17 |
1,10 |
1,14 |
1,27 |
|
Rate of stock return |
Units |
2,51 |
2,54 |
2,76 |
5,74 |
|
Labour cost incidence |
% |
12,71 |
11,98 |
14,24 |
7,77 |
|
Net financial revenues/ charges incidence |
% |
-0,94 |
-0,58 |
-0,40 |
-1,26 |
|
Labour cost on purchasing expenses |
% |
12,84 |
12,87 |
15,03 |
7,90 |
|
Short-term financing charges |
% |
2,30 |
1,17 |
0,94 |
2,67 |
|
Capital on hand |
% |
85,69 |
91,13 |
87,71 |
78,39 |
|
Sales pro employee |
Value |
257.878 |
268.622 |
230.100 |
437.713 |
|
Labour cost pro employee |
Value |
32.782 |
32.190 |
32.767 |
33.928 |
Market / Territory Data
|
Population living in the province |
: |
875.732 |
|
Population living in the region |
: |
1.592.309 |
|
Number of families in the region |
: |
754.141 |
Monthly family expenses average in the
region (in Eur..) :
|
- per food products |
: |
463 |
|
- per non food products |
: |
1.607 |
|
- per energy consume |
: |
94 |
Sector Data
The values are calculated on a base of 6.137
significant companies.
The companies cash their credits on an
average of 121 dd.
The average duration of suppliers debts is
about 120 dd.
The sector's profitability is on an average
of 2,22%.
The labour cost affects the turnover in the
measure of 7,77%.
Goods are held in stock in a range of 62 dd.
The difference between the sales volume and
the resources used to realize it is about 1,27.
The employees costs represent the 7,90% 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 7.546 protested subjects are
found; in the province they count to 4.210.
The insolvency index for the region is 0,48,
, while for the province it is 0,48.
Total Bankrupt companies in the province :
3.970.
Total Bankrupt companies in the region :
7.305.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.32 |
|
UK Pound |
1 |
Rs.100.04 |
|
Euro |
1 |
Rs.82.65 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
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.