MIRA INFORM REPORT
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Report Date : |
13.12.2014 |
IDENTIFICATION DETAILS
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Name : |
TEOREMA S.R.L. |
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Registered Office : |
Via Leonardo Da Vinci, 5, 24060 - Castelli Calepio (BG) -IT- |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
01.05.1994 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale of Textiles. |
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No of Employees : |
From 1 to 5 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
Slow but correct |
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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
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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 & address
TEOREMA S.R.L.
Via Leonardo Da Vinci, 5
24060 - Castelli Calepio (BG) -IT-
Summary
|
Fiscal Code |
: |
02145690166 |
|
Legal Form |
: |
Limited liability company |
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start of Activities |
: |
01/05/1994 |
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Equity |
: |
500.000 |
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|
: |
3.750.000/5.000.000 |
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Number of Employees |
: |
from 1 to 5 |
Activity
Wholesale of textiles
Legal Data
Legal Form :
Limited liability company
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Fiscal Code : 02145690166 |
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Foreign Trade Reg. no. : BG063116 since 24/03/2006 |
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Chamber of Commerce no. : 266489 of |
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Chamber of Commerce no. : 350931 of |
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Firms' Register : 42794 of |
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V.A.T. Code : 02145690166 |
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Establishment date |
: 07/02/1992 |
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Start of Activities |
: 01/05/1994 |
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Legal duration |
: 31/12/2030 |
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Nominal Capital |
: 25.500 |
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Subscribed Capital |
: 25.500 |
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Paid up Capital |
: 25.500 |
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Members
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Seghezzi |
Renato |
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|
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Born in Castelli Calepio |
(BG) |
on 08/07/1962 |
- Fiscal Code : SGHRNT62L08C079G |
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Residence: |
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Leonardo Da Vinci |
, 5 |
- 24060 |
Castelli Calepio |
(BG) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
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Sole Director |
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|
|
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Legal Owners' representative |
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No Prejudicial events are reported |
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No Protests registered |
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Gatti |
Bortolino |
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Born in Pontoglio |
(BS) |
on 25/09/1953 |
- Fiscal Code : GTTBTL53P25G869E |
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Residence: |
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Francesca |
, 5 |
- 25037 |
Pontoglio |
(BS) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
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Procurator |
19/02/2008 |
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No Prejudicial events are reported |
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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 |
|
Seghezzi Renato |
Castelli Calepio - IT - |
SGHRNT62L08C079G |
20.400 .Eur |
80,00 |
|
Seghezzi Giulia |
|
SGHGLI92S53B393U |
5.100 .Eur |
20,00 |
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 |
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Leonardo Da Vinci |
, 5 |
- 24060 |
- Castelli Calepio |
(BG) |
- IT - |
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PHONE |
: 0307760157 |
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FAX |
: 0307769700 |
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- |
Branch |
(office) |
since 01/05/1994 |
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De Gasperi |
, 7 |
- 25030 |
- Erbusco |
(BS) |
- IT - |
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PHONE |
: 0307760157 |
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Employees |
: 3 |
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Stocks for a value of 530.000 |
Eur |
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Protests
Protests checking on the subject firm has given a negative result.
Data Base Prejudicial Events Search
Search performed on a National Scale
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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 1994.
The analysis is based on the latest 3 balance sheets.
During the last years, it recorded positive net results (r.o.e. 14,45%
in 2013)
The return on Investment in the last financial year was positive (1,91%)
falling within the field's average.
The amount of the operating result for the year 2013 is of Eur. 68.064
with a -75,25% drop.
During the latest financial year the gross operating margin amounted to
Eur. 68.064 showing a drop (-77,12%).
The ratio between debts and total assets is fairly high, as it comes out
from the indebtedness (6) which is also improving if compared to the previous
year.
With regard to equity capital, an amount of Eur. 485.037 is registered.
, unchanged as opposed to the preceding year.
Total debts (both short and M/L term) equals Eur. 3.064.958, , with no
sensible variation.
Current liquid assets is positive.
During financial year 2013 the cash flow amounted to Eur. 70.090
Labour cost expenses amount to Eur. 127.133 , representing 2,39% on the
total of production costs. and a 2,56% incidence on sales volumes.
No incidence of financial charges as lower than the incomes.
Financial Data
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Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
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Item Type |
Value |
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Sales |
4.969.099 |
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Profit (Loss) for the period |
70.090 |
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Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
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Item Type |
Value |
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Sales |
5.723.840 |
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Profit (Loss) for the period |
231.881 |
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Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
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Item Type |
Value |
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Sales |
7.389.673 |
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Profit (Loss) for the period |
22.735 |
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Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
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Item Type |
Value |
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Sales |
7.435.505 |
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Profit (Loss) for the period |
17.383 |
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Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
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Item Type |
Value |
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Sales |
2.660.640 |
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Profit (Loss) for the period |
-7.687 |
Balance Sheets
From our constant monitoring of the relevant Public Administration
offices, no more recent balance sheets result to have been filed.
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- Balance Sheet as at 31/12/2013 - 12 Mesi - Currency: - Amounts x 1 |
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- 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 |
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COMPOSITION ON
INVESTMENT |
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|
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Rigidity Ratio |
Units |
0,02 |
0,01 |
0,02 |
0,09 |
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Elasticity Ratio |
Units |
0,98 |
0,98 |
0,98 |
0,89 |
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Availability of stock |
Units |
0,15 |
0,03 |
0,14 |
0,26 |
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Total Liquidity Ratio |
Units |
0,83 |
0,95 |
0,85 |
0,54 |
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Quick Ratio |
Units |
0,04 |
0,68 |
0,47 |
0,03 |
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COMPOSITION ON
SOURCE |
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Net Short-term indebtedness |
Units |
6,00 |
1,60 |
8,75 |
3,95 |
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Self Financing Ratio |
Units |
0,14 |
0,12 |
0,05 |
0,17 |
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Capital protection Ratio |
Units |
0,80 |
0,38 |
0,74 |
0,62 |
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Liabilities consolidation quotient |
Units |
0,00 |
0,01 |
0,01 |
0,10 |
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Financing |
Units |
6,32 |
7,18 |
17,43 |
4,85 |
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Permanent Indebtedness Ratio |
Units |
0,14 |
0,13 |
0,06 |
0,29 |
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M/L term Debts Ratio |
Units |
0,00 |
0,01 |
0,00 |
0,07 |
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Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
1,04 |
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CORRELATION |
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|
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Fixed assets ratio |
Units |
9,23 |
8,97 |
3,72 |
2,37 |
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Current ratio |
Units |
1,14 |
1,13 |
1,04 |
1,18 |
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Acid Test Ratio-Liquidity Ratio |
Units |
0,97 |
1,09 |
0,90 |
0,80 |
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Structure's primary quotient |
Units |
9,01 |
8,59 |
3,41 |
1,48 |
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Treasury's primary quotient |
Units |
0,05 |
0,78 |
0,50 |
0,04 |
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Rate of indebtedness ( Leverage ) |
% |
734,85 |
822,92 |
1852,67 |
602,26 |
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Current Capital ( net ) |
Value |
440.567 |
381.918 |
143.003 |
191.984 |
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RETURN |
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Return on Sales |
% |
1,41 |
4,44 |
0,89 |
2,03 |
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Return on Equity - Net- ( R.O.E. ) |
% |
14,45 |
55,88 |
12,42 |
6,31 |
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Return on Equity - Gross - ( R.O.E. ) |
% |
23,17 |
78,99 |
37,74 |
17,00 |
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Return on Investment ( R.O.I. ) |
% |
1,91 |
8,06 |
0,30 |
4,18 |
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Return/ Sales |
% |
1,37 |
4,81 |
0,14 |
3,46 |
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Extra Management revenues/charges incid. |
% |
102,98 |
84,29 |
226,35 |
27,96 |
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Cash Flow |
Value |
70.090 |
254.349 |
66.022 |
44.823 |
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Operating Profit |
Value |
68.064 |
275.095 |
10.044 |
74.603 |
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Gross Operating Margin |
Value |
68.064 |
297.563 |
53.331 |
111.383 |
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MANAGEMENT |
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Credits to clients average term |
Days |
n.c. |
51,88 |
57,43 |
113,70 |
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Debts to suppliers average term |
Days |
n.c. |
n.c. |
n.c. |
118,14 |
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Average stock waiting period |
Days |
38,58 |
6,38 |
22,52 |
72,90 |
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Rate of capital employed return ( Turnover ) |
Units |
1,39 |
1,68 |
2,18 |
1,25 |
|
Rate of stock return |
Units |
9,33 |
56,39 |
15,99 |
4,88 |
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Labour cost incidence |
% |
2,56 |
3,12 |
2,11 |
8,14 |
|
Net financial revenues/ charges incidence |
% |
0,89 |
0,82 |
0,80 |
-1,38 |
|
Labour cost on purchasing expenses |
% |
2,39 |
3,46 |
2,09 |
8,25 |
|
Short-term financing charges |
% |
n.c. |
n.c. |
n.c. |
2,76 |
|
Capital on hand |
% |
71,73 |
59,66 |
45,90 |
79,85 |
|
Sales pro employee |
Value |
1.656.366 |
1.144.768 |
1.847.418 |
397.742 |
|
Labour cost pro employee |
Value |
42.377 |
35.728 |
38.978 |
33.267 |
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.
SOURCES
Our Company collects data from public registers, lists, archives or contained
in Acts and/or documents (held by the National Chamber of Commerce or
Immovables Territorial Agency), users, reporters or however generally
accessible (for example, from categorical lists, statistical institutes, press
reports and from public inspection internet sites).
The present report is supplied for Your exclusive use and is bond to the
general conditions of the contract. Personal Data collection and treatment,
reported, are conform to our company's activities and to Your mandate conferred
to us by Your request, for the purposes in relation to Marketing Management,
Sales and Monetary Administration. It does not contain, nor could contain,
information cancelled by a justified opposition right.
Market / Territory Data
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Population living in the province |
: |
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Population living in the region |
: |
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Number of families in the region |
: |
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Monthly family expences average in the region (in Eur..) :
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- per food products |
: |
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- per non food products |
: |
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- per energy consume |
: |
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Sector Data
The values are calculated on a base of 9.175 significant companies.
The companies cash their credits on an average of 114 dd.
The average duration of suppliers debts is about 118 dd.
The sector's profitability is on an average of 2,03%.
The labour cost affects the turnover in the measure of 8,14%.
Goods are held in stock in a range of 73 dd.
The difference between the sales volume and the resources used to
realize it is about 1,25.
The employees costs represent the 8,25% 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 4.150.
The insolvency index for the region is 0,55, , while for the province it
is 0,41.
Total Bankrupt companies in the province : 4.376.
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
: |
DIV |
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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.