|
Report Date : |
02.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
GREAT LENGTHS UNIVERSAL HAIR EXTENSIONS SOCIETA' A RESPONSABILITA' LIMITATA |
|
|
|
|
Registered Office : |
Piazza Pasquale
Paoli, 3 00186 – Roma (RM) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
26.01.2001 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
· Manufacture of equipment for beauty and wellness centres · Wholesale of hairdressing equipment, gyms, solariums and beauty centres |
|
|
|
|
No. of Employees |
From 111 to 130 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 |
GREAT LENGTHS UNIVERSAL HAIR EXTENSIONS SOCIETA' A
RESPONSABILITA' LIMITATA
Piazza Pasquale Paoli, 3 00186 – Roma (RM) -IT-
|
Fiscal Code |
: |
06434421001 |
|
Legal Form |
: |
Limited liability company |
|
Establishment Date |
: |
26/01/2001 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
20.000.000/25.000.000 |
|
Number of Employees |
: |
from 111 to 130 |
Manufacture of equipment for beauty and wellness centres
Wholesale of hairdressing equipment, gyms, solariums and beauty centres
Legal Form : Limited liability company
|
Fiscal Code : 06434421001 |
|
Foreign Trade Reg. no. : RM051859 since 19/10/2009 |
|
Chamber of Commerce no. : 967358 of Roma since 14/02/2001 |
|
Chamber of Commerce no. : 137928 of Viterbo |
|
V.A.T. Code : 06434421001 |
|
Establishment date |
: 26/01/2001 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 2.000.000 |
|
|
Subscribed Capital |
: 2.000.000 |
|
|
Paid up Capital |
: 2.000.000 |
|
|
Antonino |
Matteo |
|
|
Born in Cerignola |
(FG) |
on 20/11/1950 |
- Fiscal Code : NTNMTT50S20C514B |
|
|
Residence: |
|
Alessandro Fleming |
, 122 |
- 00100 |
Roma |
(RM) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
28/01/2010 |
|
|
|
No Prejudicial events are reported |
|
No Protests registered |
|
Venditti |
Sofia |
|
|
Born in Roma |
(RM) |
on 29/05/1957 |
- Fiscal Code : VNDSFO57E69H501V |
|
|
Residence: |
|
Stefano Jacini |
, 5 |
- 00191 |
Roma |
(RM) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
17/02/2011 |
|
|
|
Managing Director |
17/02/2011 |
|
|
|
Sole Director |
30/06/2014 |
|
|
|
No Prejudicial events are reported |
|
No Protests registered |
|
Gold |
David |
|
|
Born in Edgware |
( ) |
on 11/02/1952 |
- Fiscal Code : GLDDVD52B11Z114W |
|
|
Residence: |
|
Banti Guido |
, 34 |
- 00191 |
Roma |
(RM) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
17/02/2011 |
|
|
|
No Prejudicial events are reported |
|
No Protests registered |
|
Antonucci |
Enzo Antonio |
|
|
Born in Torino di Sangro |
( ) |
on 26/02/1959 |
- Fiscal Code : NTNNNT59B26L218E |
|
|
Residence: |
|
Teresa Gnoli |
, 104 |
- 00135 |
Roma |
(RM) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
17/02/2011 |
|
|
|
Matifin |
|
|
|
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
|
|
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.
|
Gold |
David |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Great Lengths International S.r.l. |
Roma (RM) - IT - |
04977251000 |
Sole Director |
Withdrawn |
Registered |
|
Nonna Mimma S.r.l. |
Roma (RM) - IT - |
06596251006 |
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.
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Antonino Matteo |
Roma - IT - |
NTNMTT50S20C514B |
700.000 .Eur |
35,00 |
|
Venditti Sofia |
Roma - IT - |
VNDSFO57E69H501V |
100.000 .Eur |
5,00 |
|
Matifin |
|
97676920586 |
1.200.000 .Eur |
60,00 |
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 |
|
|
|
|
|
|
|
Pasquale Paoli |
, 3 |
- 00100 |
- Roma |
(RM) |
- IT - |
|
- |
Branch |
|
since 15/09/2007 |
|
|
|
|
|
S.s. Cassia Km 36,400 |
, Loc: ZONA INDUSTR.SETTEVENE |
- 01036 |
- Nepi |
(VT) |
- IT - |
|
|
|
|
Trading Style: GREAT LENGHTS |
|
|
|
|
Employees |
: 129 |
|
Fittings and Equipment for a value of 930.000 |
Eur |
|
Stocks for a value of 2.120.000 |
Eur |
|
|
EX-MEMBERS / EX-POSITIONS:
|
Venditti |
Sofia |
|
|
Born in Roma |
(RM) |
on 29/05/1957 |
- Fiscal Code : VNDSFO57E69H501V |
|
|
Residence: |
|
Stefano Jacini |
, 5 |
- 00191 |
Roma |
(RM) |
- IT - |
|
Ex-Postions |
|
Sole Director |
Protests checking on the subject firm has given a negative result.
Search performed on a National Scale
|
|
Prejudicial Events Search Result: |
|
|
Prejudicial Events found with cancellations* |
Legal Mortgage on 17/11/2009. for an amount of 2.316 Euro. Event writing-off
|
EQUITALIA GERIT S. P. A. |
Search performed on a specialized data base.
*Concerns also partially erased events.
None reported, standing to the latest received edition of the Official Publications.
Company's starting of activities dates back to 2001.
An eco-fin analysis has been made on the base od the b/s fo the years 2011, 2012 and 2013.
Under the financial profile unstable results are noted. anyway in 2013 a positive result was achieved (r.o.e. 0,2%).
The operating result in 2013 was positive (3,64%) and in line with the sector's average.
The amount of the operating result for the year 2013 is of Eur. 643.187 rising (+more then 100%) in relation to the previous year.
A gross operating margine for a value of Eur. 1.240.078 was reached. growing by 54,87% if compared to the year before.
The ratio between shareholder's equity and borrowed capital is not well balanced, the indebtedness level is equal to 5,08 with an upward trend.
Subject can manage an equity capital funds for an amount of Eur. 2.545.371 , stable in comparison with the value of the previous year.
Total debts recorded amounted to Eur. 14.801.344 (Eur. 405.478 of which were m/l term debts) showing a stable trend as opposed to 2012 (Eur. 13.506.393).
The recourse to financial credit is within the limits; on the other hand the recourse to suppliers' credit is rated as fairly high and higher than sector's average.
Even liquidity is rather modest.
Accounts receivable average term is 75,96 days. , a value lower than the sector's average.
During financial year 2013 the cash flow amounted to Eur. 601.954
Labour cost amounts to Eur. 5.219.415, with a 22,32% incidence on production costs. and a 22,27% incidence on sales volumes.
The incidence of the financial charges is of -1,09% on the sales amount.
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
23.438.385 |
|
Profit (Loss) for the period |
5.063 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
23.526.047 |
|
Profit (Loss) for the period |
178.812 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
22.372.954 |
|
Profit (Loss) for the period |
-21.435 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
24.858.851 |
|
Profit (Loss) for the period |
-74.889 |
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
20.041.150 |
|
Profit (Loss) for the period |
29.234 |
From our constant monitoring of the relevant Public Administration offices, no more recent balance sheets result to have been filed.
|
- Balance Sheet as at 31/12/2013 - 12 Mesi - Currency: - Amounts x 1 |
|
- 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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
RATIOS |
Value Type |
as at 31/12/2013 |
as at 31/12/2012 |
as at 31/12/2011 |
Sector Average |
|
COMPOSITION ON INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,48 |
0,51 |
0,46 |
0,10 |
|
Elasticity Ratio |
Units |
0,52 |
0,49 |
0,54 |
0,87 |
|
Availability of stock |
Units |
0,12 |
0,10 |
0,19 |
0,21 |
|
Total Liquidity Ratio |
Units |
0,40 |
0,39 |
0,35 |
0,61 |
|
Quick Ratio |
Units |
0,08 |
0,06 |
0,06 |
0,03 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
5,08 |
4,47 |
5,03 |
4,04 |
|
Self Financing Ratio |
Units |
0,14 |
0,16 |
0,14 |
0,16 |
|
Capital protection Ratio |
Units |
0,21 |
0,14 |
0,16 |
0,59 |
|
Liabilities consolidation quotient |
Units |
0,05 |
0,11 |
0,16 |
0,11 |
|
Financing |
Units |
5,82 |
5,32 |
6,20 |
4,85 |
|
Permanent Indebtedness Ratio |
Units |
0,19 |
0,24 |
0,25 |
0,26 |
|
M/L term Debts Ratio |
Units |
0,04 |
0,09 |
0,12 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
0,10 |
0,30 |
0,63 |
1,01 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
0,39 |
0,47 |
0,55 |
2,12 |
|
Current ratio |
Units |
0,64 |
0,65 |
0,73 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,50 |
0,51 |
0,48 |
0,88 |
|
Structure's primary quotient |
Units |
0,30 |
0,30 |
0,30 |
1,40 |
|
Treasury's primary quotient |
Units |
0,10 |
0,08 |
0,08 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
694,64 |
643,96 |
734,44 |
620,22 |
|
Current Capital ( net ) |
Value |
-5.141.376 |
-4.374.746 |
-3.465.561 |
131.414 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
2,57 |
3,13 |
2,05 |
2,27 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
0,20 |
7,04 |
-0,91 |
6,70 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
6,75 |
13,74 |
7,32 |
18,85 |
|
Return on Investment ( R.O.I. ) |
% |
3,64 |
1,48 |
1,69 |
4,76 |
|
Return/ Sales |
% |
2,74 |
1,03 |
1,31 |
3,70 |
|
Extra Management revenues/charges incid. |
% |
0,79 |
73,80 |
-7,30 |
28,15 |
|
Cash Flow |
Value |
601.954 |
737.183 |
459.330 |
39.655 |
|
Operating Profit |
Value |
643.187 |
242.306 |
293.544 |
63.123 |
|
Gross Operating Margin |
Value |
1.240.078 |
800.677 |
774.309 |
99.042 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
75,96 |
69,75 |
50,51 |
119,16 |
|
Debts to suppliers average term |
Days |
250,56 |
234,51 |
211,18 |
116,83 |
|
Average stock waiting period |
Days |
32,57 |
26,08 |
52,62 |
58,39 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,33 |
1,44 |
1,29 |
1,36 |
|
Rate of stock return |
Units |
11,05 |
13,80 |
6,84 |
6,14 |
|
Labour cost incidence |
% |
22,27 |
19,68 |
17,43 |
8,98 |
|
Net financial revenues/ charges incidence |
% |
-1,09 |
-0,10 |
-0,54 |
-1,08 |
|
Labour cost on purchasing expenses |
% |
22,32 |
19,96 |
17,56 |
8,98 |
|
Short-term financing charges |
% |
1,73 |
0,19 |
0,83 |
2,60 |
|
Capital on hand |
% |
75,44 |
69,53 |
77,52 |
73,17 |
|
Sales pro employee |
Value |
207.419 |
163.375 |
230.649 |
394.001 |
|
Labour cost pro employee |
Value |
46.189 |
32.145 |
40.200 |
34.340 |
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.
|
Population living in the province |
: |
3.807.992 |
|
Population living in the region |
: |
5.269.972 |
|
Number of families in the region |
: |
2.091.220 |
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
472 |
|
- per non food products |
: |
1.832 |
|
- per energy consume |
: |
102 |
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 53.924 protested subjects are found; in the province they count to 34.465.
The insolvency index for the region is 1,04, , while for the province it is 0,92.
Total Bankrupt companies in the province : 31.914.
Total Bankrupt companies in the region : 37.442.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.85 |
|
|
1 |
Rs.102.68 |
|
Euro |
1 |
Rs.81.46 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIS |
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.