INFORM REPORT
|
Report Date : |
13.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
MANIFATTURA F.A. S.R.L. |
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Registered Office : |
Via G. Verdi, 80/M 46043 -
Castiglione Delle Stiviere (MN) |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
01.01.1969 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
· Preparation and Spinning of Textile Fibres · Manufacture of Other Knitted and Crocheted Apparel · Wholesale of Haberdashery, Threads, Yarns and Braidin |
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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 |
|
|
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 : |
No Complaints |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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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 |
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Source
: CIA |
Company Name and address
MANIFATTURA F.A.
S.R.L.
Via G. Verdi, 80/M
46043 - Castiglione delle Stiviere (MN) -IT-
Summary
|
Fiscal Code |
: |
00153160205 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
01/01/1969 |
|
Equity |
: |
400.000 |
|
|
: |
1.250.000/1.500.000 |
|
Number of Employees |
: |
from 1 to 5 |
Activity
Preparation and spinning of textile fibres
Manufacture of other knitted and crocheted
apparel
Wholesaleof haberdashery, threads, yarns and
braiding
Legal Data
Legal Form :
Limited liability company
Fiscal Code :
00153160205
Foreign Trade Reg. no. : MN002062 since 17/12/1991
Foreign Trade Reg. no. : 002062 of Mantova since
17/12/1991
Chamber of Commerce no. : 115744 of Mantova since 17/01/1969
Firms' Register : MN030-8164 of Mantova since 19/02/1996
V.A.T. Code :
00153160205
R. E. C. no. :
22593 of Mantova since 08/03/1989
|
Foundation date |
: 01/01/1969 |
|
Establishment date |
: 01/01/1969 |
|
Start of Activities |
: 01/01/1969 |
|
Legal duration |
: 31/12/2025 |
|
Nominal Capital |
: 99.000 |
|
Subscribed Capital |
: 99.000 |
|
Paid up Capital |
: 99.000 |
Members
|
|
Miglio |
Paride |
|
|
|
Born in |
(VR) |
on 28/04/1963 |
- Fiscal Code : MGLPRD63D28L781G |
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|
|
Residence: |
|
Verdi |
, 80/M |
- 46043 |
Castiglione delle Stiviere |
(MN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
12/09/2005 |
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|
|
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No Prejudicial
events are reported |
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|
No Protests
registered |
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Furlani Anita |
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|
|
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
|
|
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No Prejudicial
events are reported |
|
|
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 |
|
Miglio Paride |
Castiglione delle Stiviere - IT - |
MGLPRD63D28L781G |
99.000 .Eur |
100,00 |
|
Furlani Anita |
|
FRLNTA62C52L781Z |
69.300 .Eur |
70,00 |
Direct Participations
The Company under review has participations
in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares
Amount |
% Ownership |
since |
until |
Share Status |
|
Immobilindustria S.p.a. |
Mantova - IT - |
00492540208 |
500 .Eur |
0,02 |
|
|
Active |
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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|
|
|
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G. Verdi |
, 80/M |
- 46043 |
- Castiglione delle Stiviere |
(MN) |
- IT - |
|
- |
Branch |
(Shop) |
since 06/10/1995 |
until 25/08/2000 |
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|
|
|
|
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Marconi |
, 16 |
- 46042 |
- Castel Goffredo |
(MN) |
- IT - |
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Total Surface: 101 Sq.mt. |
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PHONE |
: 0376770920 |
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Employees |
: 1 |
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Assistants |
: 1 |
|
Fittings and Equipment for a value of
220.000 |
Eur |
|
Stocks for a value of 250.000 |
Eur |
|
|
The firm operates abroad as importer /
exporter..
To purchase foreign products the firm uses
the following channels :
|
- distributors |
|
- direct orders to foreign companies |
Export represents up to 20% of the global
turnover.
Products abroad are placed by :
|
- its own agents |
Import comes generally from the following
nations:
|
- |
Historical Information and/or
Firm's Status
CHANGES TO THE
LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
De facto company |
Limited liability company |
20/03/1981 |
COMPANY STYLE
MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Manifattura F.A. di Miglio Riccardo e
Ferrari Lidia |
|
20/03/1981 |
EX-MEMBERS /
EX-POSITIONS:
|
|
Miglio |
Paride |
|
|
|
Born in |
(VR) |
on 28/04/1963 |
- Fiscal Code : MGLPRD63D28L781G |
|
|
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Residence: |
|
Verdi |
, 80/M |
- 46043 |
Castiglione delle Stiviere |
(MN) |
- IT - |
|
Ex-Postions |
|
Director |
|
Board Chairman |
|
|
Miglio |
Paolo |
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|
|
Born in Castel Goffredo |
(MN) |
on 03/06/1970 |
- Fiscal Code : MGLPLA70H03C118G |
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Residence: |
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Arrighi |
, 2 |
- 46043 |
Castiglione delle Stiviere |
(MN) |
- IT - |
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Ex-Postions |
|
Director |
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|
Furlani Anita |
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|
- Fiscal Code : FRLNTA62C52L781Z |
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Ex-Postions |
|
Partner |
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Ferrari |
Lidia |
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|
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Born in CASTEL GOFFREDO |
(MN) |
on 01/03/1938 |
- Fiscal Code : FRRLDI38C41C118G |
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Residence: |
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BATTISTI |
, 4 |
- 46042 |
Castel Goffredo |
(MN) |
- IT - |
|
Ex-Postions |
|
Director |
|
Director |
|
|
Miglio |
Riccardo |
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|
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Born in VIADANA |
(MN) |
on 06/01/1938 |
- Fiscal Code : MGLRCR38A06L826P |
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|
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Residence: |
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BATTISTI |
, 4 |
- 46042 |
Castel Goffredo |
(MN) |
- IT - |
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Ex-Postions |
|
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
Company's starting of activities dates back
to 1969.
The eonomic-financial analysis is based on
the latest 3 b/s.
Under an economic point of view, profits
were registered during the last years with a r.o.e. of 2,05% in 2013 keeping
the turnover steady during the last two years.
The operating result was positive in the
last financial year (2,61%) and in line with the sector's average.
The amount of the operating result for the
year 2013 is of Eur. 22.905 with a -21,95% fall as against the year 2012.
The economic management produced a gross
operating margin of Eur. 31.860 stable if compared to the financial year 2012.
The analysis shows a fair financial position
as the indebtedness volume is acceptable (1,07) with an improving trend as on
the decrease.
The equity capital is equal to Eur. 387.766
on stable levels.
Total indebtedness totalled Eur. 483.055, ,
with no sensible variation.
Available funds are good.
2013 financial year closed with a cash flow
of Eur. 16.889
Labour cost expenses amount to Eur. 15.281 ,
representing 0,94% on the total of production costs. , whereas the incidence of
such costs on sales revenues is equal to 1,08%.
The financial management has a limited
economic impact, equal to -0,43% on the sales.
Financial Data
|
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.409.312 |
|
Profit (Loss) for the period |
7.934 |
|
|
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Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.416.106 |
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Profit (Loss) for the period |
10.634 |
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|
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Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.548.122 |
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Profit (Loss) for the period |
19.409 |
|
|
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Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
980.626 |
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Profit (Loss) for the period |
39.143 |
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 |
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- 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 |
0,01 |
0,02 |
0,03 |
0,21 |
|
Elasticity Ratio |
Units |
0,99 |
0,98 |
0,97 |
0,74 |
|
Availability of stock |
Units |
0,28 |
0,02 |
0,39 |
0,22 |
|
Total Liquidity Ratio |
Units |
0,70 |
0,96 |
0,57 |
0,47 |
|
Quick Ratio |
Units |
0,08 |
0,00 |
0,00 |
0,02 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
1,07 |
1,18 |
1,16 |
1,63 |
|
Self Financing Ratio |
Units |
0,44 |
0,46 |
0,46 |
0,27 |
|
Capital protection Ratio |
Units |
0,72 |
0,71 |
0,68 |
0,76 |
|
Liabilities consolidation quotient |
Units |
0,01 |
0,01 |
0,01 |
0,17 |
|
Financing |
Units |
1,25 |
1,18 |
1,16 |
2,41 |
|
Permanent Indebtedness Ratio |
Units |
0,45 |
0,46 |
0,46 |
0,42 |
|
M/L term Debts Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,12 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
0,48 |
0,31 |
1,01 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
40,31 |
20,52 |
14,10 |
1,89 |
|
Current ratio |
Units |
1,79 |
1,81 |
1,81 |
1,23 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,28 |
1,78 |
1,07 |
0,87 |
|
Structure's primary quotient |
Units |
39,86 |
20,33 |
14,00 |
1,14 |
|
Treasury's primary quotient |
Units |
0,14 |
0,01 |
0,00 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
226,12 |
219,68 |
217,23 |
363,43 |
|
Current Capital ( net ) |
Value |
383.285 |
366.063 |
343.552 |
516.008 |
|
RETURN |
|
|
|
|
|
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Return on Sales |
% |
1,20 |
1,38 |
1,80 |
2,65 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
2,05 |
2,80 |
5,29 |
3,99 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
4,33 |
5,72 |
9,71 |
8,24 |
|
Return on Investment ( R.O.I. ) |
% |
2,61 |
3,52 |
4,62 |
3,98 |
|
Return/ Sales |
% |
1,63 |
2,07 |
2,38 |
4,06 |
|
Extra Management revenues/charges incid. |
% |
34,64 |
36,23 |
52,78 |
22,26 |
|
Cash Flow |
Value |
16.889 |
19.607 |
27.799 |
131.616 |
|
Operating Profit |
Value |
22.905 |
29.348 |
36.774 |
171.264 |
|
Gross Operating Margin |
Value |
31.860 |
38.321 |
45.164 |
292.452 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
n.c. |
199,91 |
105,28 |
125,56 |
|
Debts to suppliers average term |
Days |
n.c. |
79,76 |
70,01 |
100,12 |
|
Average stock waiting period |
Days |
63,51 |
3,78 |
72,88 |
71,59 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,61 |
1,70 |
1,94 |
1,04 |
|
Rate of stock return |
Units |
5,67 |
95,16 |
4,94 |
5,02 |
|
Labour cost incidence |
% |
1,08 |
1,10 |
0,98 |
13,02 |
|
Net financial revenues/ charges incidence |
% |
-0,43 |
-0,54 |
-0,07 |
-2,14 |
|
Labour cost on purchasing expenses |
% |
0,94 |
1,31 |
0,93 |
13,65 |
|
Short-term financing charges |
% |
1,27 |
1,70 |
0,27 |
3,52 |
|
Capital on hand |
% |
62,22 |
58,92 |
51,45 |
95,65 |
|
Sales pro employee |
Value |
|
|
|
210.489 |
|
Labour cost pro employee |
Value |
|
|
|
29.351 |
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 249
significant companies.
The companies cash their credits on an
average of 126 dd.
The average duration of suppliers debts is
about 100 dd.
The sector's profitability is on an average
of 2,65%.
The labour cost affects the turnover in the
measure of 13,02%.
Goods are held in stock in a range of 72 dd.
The difference between the sales volume and
the resources used to realize it is about 1,04.
The employees costs represent the 13,65% 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 50.886 protested subjects are
found; in the province they count to 1.630.
The insolvency index for the region is 0,55,
, while for the province it is 0,42.
Total Bankrupt companies in the province :
954.
Total Bankrupt companies in the region :
39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.44 |
|
|
1 |
Rs.98.15 |
|
Euro |
1 |
Rs.77.38 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.