MIRA
INFORM REPORT
|
Report Date : |
30.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
ARGUS SECURITY S.R.L. |
|
|
|
|
Registered Office : |
Via Maurizio Gonzaga, 7 , 20123 - Milano (MI) -IT- |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
15.02.2002 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of other electrical equipment |
|
|
|
|
No of Employees : |
From 51 to 70 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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
ARGUS SECURITY
S.R.L
.
Via Maurizio Gonzaga, 7
20123 - Milano (MI) -IT-
Summary
|
Fiscal Code |
: |
03225090962 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
15/02/2002 |
|
Equity |
: |
750.000 |
|
Turnover Range |
: |
10.000.000/12.750.000 |
|
Number of Employees |
|
From 51 to 70 |
Activity
Manufacture of other electrical equipment n.e.c.
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 03225090962 |
|
Foreign Trade Reg. no. : MI368528 since 07/07/2010 |
|
Chamber of Commerce no. : 1658623 of Monza e Brianza |
|
Chamber of Commerce no. : 1658623 of Milano since 02/08/2001 |
|
Chamber of Commerce no. : 123292 of Trieste |
|
Firms' Register : MI-2001-226795 of Milano |
|
V.A.T. Code : 03225090962 |
|
Establishment date |
: 25/07/2001 |
|
|
Start of Activities |
: 15/02/2002 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 200.000 |
|
|
Subscribed Capital |
: 200.000 |
|
|
Paid up Capital |
: 200.000 |
|
Members
|
|
Nesta |
Vincenzo |
|
|
|
Born in Livorno |
(LI) |
on 18/12/1941 |
- Fiscal Code : NSTVCN41T18E625N |
|
|
|
Residence: |
|
Antonio Tribel |
, 8 |
- 34100 |
Trieste |
(TS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/06/2004 |
|
|
|
Managing Director |
07/07/2004 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Levtchouk |
Mikhail |
|
|
|
Born in Leningrad |
( ) |
on 25/01/1979 |
- Fiscal Code : LVTMHL79A25Z154E |
|
|
|
Residence: |
Khudozhnikow St-petersboury |
- RU - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/06/2004 |
|
|
|
Board Chairman |
07/07/2004 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Gorella |
Sergio |
|
|
|
Born in Trieste |
(TS) |
on 22/09/1947 |
- Fiscal Code : GRLSRG47P22L424V |
|
|
|
Residence: |
|
Antonio Rachelli |
, 22 |
- 34148 |
Trieste |
(TS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/04/2010 |
|
|
|
|
Levchuk |
Irina |
|
|
|
Born in Urss |
( ) |
on 16/06/1984 |
- Fiscal Code : LVCRNI84H56Z135U |
|
|
|
Residence: |
|
Gonzaga Maurizio |
, 7 |
- 20123 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/04/2010 |
|
|
|
|
Recofid Societa' Fiduciaria A R.l. O, I |
n Forma Abbreviata Recofid S.r.l. |
|
|
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
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.
|
|
Nesta |
Vincenzo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Pittway Tecnologica S.r. L |
Trieste (TS) - IT - |
00744320326 |
Director |
Withdrawn |
Registered |
|
Pittway Tecnologica S.r. L |
Trieste (TS) - IT - |
00744320326 |
Managing Director |
Withdrawn |
Registered |
|
Pittway Tecnologica S.r. L |
Trieste (TS) - IT - |
00744320326 |
Board Chairman |
Withdrawn |
Registered |
|
Notifier Italia Srl |
San Donato Milanese (MI) - IT - |
05108880153 |
Managing Director |
Withdrawn |
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 |
|
Nesta Vincenzo |
Trieste - IT - |
NSTVCN41T18E625N |
29.600 .Eur |
14,80 |
|
Levtchouk Mikhail |
Khudozhnikow St-petersboury - RU - |
LVTMHL79A25Z154E |
10.000 .Eur |
5,00 |
|
Gorella Sergio |
Trieste - IT - |
GRLSRG47P22L424V |
9.600 .Eur |
4,80 |
|
Nesta Riccardo Roberto |
|
NSTRCR73M06Z114X |
2.400 .Eur |
1,20 |
|
Gorella Cristian |
|
GRLCST74B12L424X |
9.600 .Eur |
4,80 |
|
Gorella Alessandro |
|
GRLLSN75M16L424D |
9.600 .Eur |
4,80 |
|
Recofid Societa' Fiduciaria A R.l. O, I n Forma Abbreviata Recofid
S.r.l. |
|
00796240125 |
110.000 .Eur |
55,00 |
|
Kolbasina Galja |
|
KLBGLJ58R46Z154P |
19.200 .Eur |
9,60 |
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 |
|
|
|
|
|
|
|
Maurizio Gonzaga |
, 7 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
- |
Branch |
|
since 04/11/2010 |
|
|
|
|
|
|
Del Canneto |
, 14 |
- 34015 |
- Muggia |
(TS) |
- IT - |
|
|
|
|
Employees |
: 54 |
|
Fittings and Equipment for a value of 430.000 |
Eur |
|
Stocks for a value of 1.520.000 |
Eur |
Historical Information and/or
Firm's Status
EX-MEMBERS /
EX-POSITIONS:
|
|
Valente |
Massimo |
|
|
|
Born in Crema |
(CR) |
on 13/07/1977 |
- Fiscal Code : VLNMSM77L13D142V |
|
|
|
Residence: |
|
Maurizio Gonzaga |
, 7 |
- 20123 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Longoni |
Roberto |
|
|
|
Born in La Spezia |
(SP) |
on 03/01/1941 |
- Fiscal Code : LNGRRT41A03E463Q |
|
|
|
Residence: |
|
Gonzaga |
, 7 |
- 20123 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Beltrami |
Paolo |
|
|
|
Born in Codogno |
(MI) |
on 08/02/1941 |
- Fiscal Code : BLTPLA41B08C816G |
|
|
|
Residence: |
|
Vittorio Emanuele |
, 63 |
- 26845 |
Codogno |
(LO) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
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 2002
The economic-financial analysis has been made on the base of the b/s of
the latests three years.
During the last years, it recorded positive net results (r.o.e. 28,09%
in 2013) with a good increase in turnover (+13,42% in 2013 compared to 2012 and
+4,45% in 2012 compared to 2011).
The operating result was positive in the last financial year (6,62%) and
in line with the sector's average.
The amount of the operating result for the year 2013 is of Eur. 410.361 ,showing
stability in respect to the value of 2012.
The gross operating margin of the latest financial year is of Eur.
818.544 on the same levels as the previous financial year.
The ratio between debts and total assets is fairly high, as it comes out
from the indebtedness (5,63) which is decreasing.
It's shareholders funds amount to Eur. 637.664 , increasing by 39,07% if
compared to the financial year 2012.
Total indebtedness was equal to Eur. 5.198.644 (Eur. 1.185.833 was the
value of m/l term debts) with no important change.
Bank borrowings' volume is slightly high but it modestly dips into
suppliers credit, 76,6 gg. is the payments' average time which is also lower
than the sector average.
Available funds are not so good (0,95).
Trade credits average terms are 61,02 days. , a value lower than the
sector's average.
2013 financial year closed with a cash flow of Eur. 587.334
In the last financial year labour cost was of Eur. 2.294.913, with a
22,87% incidence on total costs of production. , whereas the incidence on sales
revenues is of 22,92%.
Financial charges have a limited incidence (-1,46%) on sales volume.
Financial Data
|
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
10.011.223 |
|
Profit (Loss) for the period |
179.151 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
8.826.361 |
|
Profit (Loss) for the period |
210.732 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
8.450.198 |
|
Profit (Loss) for the period |
2.734 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.580.390 |
|
Profit (Loss) for the period |
-71.508 |
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 31/12/2013 - 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 |
|
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|
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 |
0,38 |
0,38 |
0,38 |
0,19 |
|
Elasticity Ratio |
Units |
0,61 |
0,62 |
0,61 |
0,79 |
|
Availability of stock |
Units |
0,25 |
0,20 |
0,16 |
0,20 |
|
Total Liquidity Ratio |
Units |
0,37 |
0,42 |
0,45 |
0,52 |
|
Quick Ratio |
Units |
0,07 |
0,04 |
0,02 |
0,03 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
5,63 |
7,87 |
17,05 |
3,31 |
|
Self Financing Ratio |
Units |
0,10 |
0,08 |
0,04 |
0,18 |
|
Capital protection Ratio |
Units |
0,41 |
0,10 |
0,18 |
0,66 |
|
Liabilities consolidation quotient |
Units |
0,38 |
0,42 |
0,35 |
0,18 |
|
Financing |
Units |
8,15 |
11,41 |
23,02 |
4,09 |
|
Permanent Indebtedness Ratio |
Units |
0,35 |
0,35 |
0,29 |
0,33 |
|
M/L term Debts Ratio |
Units |
0,25 |
0,27 |
0,25 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
4,01 |
n.c. |
14,38 |
0,61 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
0,93 |
0,93 |
0,76 |
1,80 |
|
Current ratio |
Units |
0,95 |
0,96 |
0,87 |
1,23 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,57 |
0,65 |
0,64 |
0,86 |
|
Structure's primary quotient |
Units |
0,27 |
0,20 |
0,10 |
1,12 |
|
Treasury's primary quotient |
Units |
0,11 |
0,07 |
0,03 |
0,07 |
|
Rate of indebtedness ( Leverage ) |
% |
971,78 |
1302,75 |
2497,26 |
541,00 |
|
Current Capital ( net ) |
Value |
-203.352 |
-173.866 |
-576.799 |
380.064 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
5,87 |
6,36 |
3,78 |
3,59 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
28,09 |
45,96 |
1,10 |
4,82 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
57,18 |
82,39 |
51,82 |
19,04 |
|
Return on Investment ( R.O.I. ) |
% |
6,62 |
6,18 |
4,28 |
4,67 |
|
Return/ Sales |
% |
4,10 |
4,18 |
3,13 |
4,49 |
|
Extra Management revenues/charges incid. |
% |
43,66 |
57,11 |
1,03 |
25,43 |
|
Cash Flow |
Value |
587.334 |
561.742 |
319.249 |
134.539 |
|
Operating Profit |
Value |
410.361 |
369.008 |
264.796 |
158.212 |
|
Gross Operating Margin |
Value |
818.544 |
720.018 |
581.311 |
292.137 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
61,02 |
n.c. |
109,89 |
103,46 |
|
Debts to suppliers average term |
Days |
76,60 |
n.c. |
81,47 |
128,84 |
|
Average stock waiting period |
Days |
54,79 |
48,46 |
42,56 |
68,68 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,62 |
1,48 |
1,37 |
1,11 |
|
Rate of stock return |
Units |
6,57 |
7,43 |
8,46 |
5,22 |
|
Labour cost incidence |
% |
22,92 |
22,43 |
20,68 |
19,05 |
|
Net financial revenues/ charges incidence |
% |
-1,46 |
-1,69 |
-1,70 |
-1,26 |
|
Labour cost on purchasing expenses |
% |
22,87 |
22,93 |
21,41 |
19,40 |
|
Short-term financing charges |
% |
2,82 |
2,85 |
2,53 |
2,64 |
|
Capital on hand |
% |
61,90 |
67,68 |
73,23 |
90,11 |
|
Sales pro employee |
Value |
185.393 |
144.694 |
156.485 |
181.347 |
|
Labour cost pro employee |
Value |
42.498 |
32.447 |
32.354 |
33.314 |
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
|
Population living in the province |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
Monthly 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 1.330 significant companies.
The companies cash their credits on an average of 103 dd.
The average duration of suppliers debts is about 129 dd.
The sector's profitability is on an average of 3,59%.
The labour cost affects the turnover in the measure of 19,05%.
Goods are held in stock in a range of 69 dd.
The difference between the sales volume and the resources used to
realize it is about 1,11.
The employees costs represent the 19,40% of the production costs.
Statistical Detrimental Data
Statistcally the trade activity shows periods of crisis.
The area is statistically considered lowly risky.
In the region 50.886 protested subjects are found; in the province they
count to 24.765.
The insolvency index for the region is 0,55, , while for the province it
is 0,66.
Total Bankrupt companies in the province : 22.523.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.47 |
|
|
1 |
Rs.100.35 |
|
Euro |
1 |
Rs.79.86 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.