MIRA INFORM REPORT
|
Report Date : |
17.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
ANGELO ORSONI S.R.L. |
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Registered Office : |
Sestiere Cannaregio, 1045 30121 - Venezia |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
01.01.2003 |
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Legal Form : |
Sole-Member Limited Liability Company |
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Line of Business : |
Manufacture of
Glass and Glass Products. |
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No of Employees : |
From 16 to 25 |
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 |
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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
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
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
ANGELO ORSONI S.R.L.
Sestiere Cannaregio, 1045 30121 – Venezia (VE) – IT-
Summary
|
Fiscal Code |
: |
03419810274 |
|
Legal Form |
: |
Sole-Member Limited Liability Company |
|
start of Activities |
: |
01/01/2003 |
|
Equity |
: |
2.000.000 |
|
|
: |
2.250.000/3.000.000 |
|
Number of Employees |
: |
from 16 to 25 |
Activity
Manufacture of glass and glass products
Manufacture and processing of other glass (including
technical glass
ware), processing of hollow glass
Legal Data
Legal Form : Sole-Member Limited Liability Company
Fiscal Code : 03419810274
Chamber of Commerce no. : 306927 of Venezia
Firms' Register : VE-2002-58767 of Venezia
V.A.T. Code : 03419810274
Start of Activities : 01/01/2003
Nominal Capital :
Paid up Capital : 100.000
Members
|
|
Bisazza |
Giuseppe |
|
|
|
Born in Trissino |
(VI) |
on 17/10/1936 |
- Fiscal Code : BSZGPP36R17L433E |
|
|
|
Residence: |
|
Busa San Michele |
, 10 |
- 36100 |
|
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Person in charge |
26/11/2002 |
|
|
|
Director |
30/04/2014 |
|
|
|
Board Chairman |
30/04/2014 |
|
|
|
Managing Director |
30/04/2014 |
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|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Meneghini |
Giovanni |
|
|
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Born in MAROSTICA |
(VI) |
on 12/10/1947 |
- Fiscal Code : MNGGNN47R12E970S |
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|
|
Residence: |
|
MONTE CENGIO |
, 8 |
- 36010 |
|
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
|
|
|
|
|
Fasolo |
Edoardo |
|
|
|
Born in MONTECCHIO MAGGIORE |
(VI) |
on 04/11/1950 |
- Fiscal Code : FSLDRD50S04F464I |
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|
|
Residence: |
|
DAL MARTELLO |
, 11 |
- 36100 |
|
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
|
|
|
|
|
Di Giuseppe |
Andrea |
|
|
|
Born in Roma |
(RM) |
on 20/05/1968 |
- Fiscal Code : DGSNDR68E20H501N |
|
|
|
Residence: |
|
|
, 300 |
|
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/04/2014 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Bisazza |
Riccardo |
|
|
|
Born in Thiene |
(VI) |
on 09/07/1971 |
- Fiscal Code : BSZRCR71L09L157A |
|
|
|
Residence: |
|
Torretti |
, 15 |
- 36100 |
|
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/04/2014 |
|
|
|
Managing Director |
30/04/2014 |
|
|
|
|
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.
|
|
Bisazza |
Giuseppe |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Comem S.p.A. |
|
00152130241 |
Managing Director |
Withdrawn |
Merged |
|
Comem S.p.A. |
|
00152130241 |
Director |
Withdrawn |
Merged |
|
Societa' Finanziaria Ed Editoriale SanMarco
S.p.a. |
Venezia (VE) - IT - |
00170120273 |
Director |
Withdrawn |
Merged |
|
Veneta Isolatori - S.r.l. |
Ceggia (VE) - IT - |
01222840264 |
Director |
Withdrawn |
Registered |
|
Repla S.r.l. |
Calusco d'Adda (BG) - IT - |
01752290153 |
Managing Director |
Withdrawn |
Registered |
|
Repla S.r.l. |
Calusco d'Adda (BG) - IT - |
01752290153 |
Board Chairman |
Withdrawn |
Registered |
|
Societa' Athesis S.p.a. |
|
00213960230 |
Director |
Withdrawn |
Registered |
|
SOCIETA' IN ACCOMANDITA SEMPLICE VETRICOLOR
DI RENATO BISAZZA eamp; C. |
Montecchio Maggiore (VI) - IT - |
00142850247 |
General Partner |
Withdrawn |
Registered |
|
Imprese Tipografiche Venete Spa Con SociO
Unico |
Roma (RM) - IT - |
00188600274 |
Director |
Withdrawn |
Registered |
|
BISAZZA VETRO S.R.L. |
Venezia (VE) - IT - |
02045230279 |
Chairman |
Withdrawn |
Registered |
|
TESAN S.P.A. |
|
01884560242 |
Director |
Withdrawn |
Registered |
|
GRUPPO SAN ZENO EDITRICE IL NUOVO VERONESE
SRL |
|
00782210231 |
Director |
Withdrawn |
Registered |
|
Bisazza Vetro Srl |
Venezia (VE) - IT - |
|
Chairman and Managing Director |
Withdrawn |
Registered |
|
Area Nord Concessionaria di Pubblicita'SpA |
Venezia - Mestre (VE) - IT - |
|
Director |
Withdrawn |
Registered |
|
Societa' Editrice Padana S.E.P. SpA |
Venezia - Mestre (VE) - IT - |
|
Director |
Withdrawn |
Registered |
|
Ved SpA |
Venezia - Mestre (VE) - IT - |
|
Chairman |
Withdrawn |
Registered |
|
Finvi Srl |
|
|
Chairman |
Withdrawn |
Registered |
|
Finanziaria Gruppo Bisazza Sas di Giuseppe
Bisazza eamp; C. |
Montecchio Maggiore (VI) - IT - |
|
General Partner |
Withdrawn |
Registered |
|
Finpi Sas di Pino Bisazza eamp; C. |
Montecchio Maggiore (VI) - IT - |
|
General Partner |
Withdrawn |
Registered |
|
Editrice T.N.V. SpA |
|
|
Director |
Withdrawn |
Registered |
|
Palladio Partecipazioni S.p.a. |
|
09287810155 |
Director |
Withdrawn |
Ceased |
|
VED S.P.A. |
Venezia (VE) - IT - |
01596880243 |
Sole Director |
Withdrawn |
Merged |
|
2vfin Spa |
|
02778190237 |
Director |
Withdrawn |
Registered |
|
Palladio Corporate Finance S.p.a. |
|
01474110242 |
Director |
Withdrawn |
Registered |
|
SOCIETA' EDITRICE PADANA - S.E.P. S.P.A.IN
FORMA ABBREVIATA S.E.P. S.P.A. |
- - |
00744300286 |
Director |
Withdrawn |
Registered |
|
GRUPPO BISAZZA S.P.A. |
SPILIMBERGO - IT - |
|
Managing Director |
Withdrawn |
Registered |
|
SILEX S.P.A. |
SAREGO - IT - |
|
Managing Director |
Withdrawn |
Registered |
|
Trend Group S.p.a. |
|
02780620247 |
Managing Director |
Active |
Registered |
|
Trend Group S.p.a. |
|
02780620247 |
Director |
Active |
Registered |
|
Trend Group S.p.a. |
|
02780620247 |
Board Chairman |
Active |
Registered |
|
Finpi Societa' Semplice |
|
00885390245 |
Partner |
Active |
Registered |
|
Arteapulia S.r.l. |
|
05431610723 |
Managing Director |
Active |
Registered |
|
Arteapulia S.r.l. |
|
05431610723 |
Director |
Active |
Registered |
|
Arteapulia S.r.l. |
|
05431610723 |
Person in charge |
Withdrawn |
Registered |
|
Arteapulia S.r.l. |
|
05431610723 |
Representative in charge of italian branch |
Withdrawn |
Registered |
|
Arteapulia S.r.l. |
|
05431610723 |
Board Chairman |
Active |
Registered |
|
TISTONE S.R.L. |
Reggio Calabria (RC) - IT - |
03108570247 |
Liquidator |
Withdrawn |
Registered |
|
TISTONE S.R.L. |
Reggio Calabria (RC) - IT - |
03108570247 |
Board Chairman |
Withdrawn |
Registered |
|
METALLURGICA UDINESE S.R.L. |
|
00167850304 |
Sole Director |
Withdrawn |
Registered |
|
Immobiliare Alle Scalette S.a.s. Di
PinoBisazza E C. |
|
03171790243 |
General Partner |
Active |
Registered |
|
|
Bisazza |
Riccardo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Trend Group S.p.a. |
|
02780620247 |
Managing Director |
Active |
Registered |
|
Trend Group S.p.a. |
|
02780620247 |
Director |
Active |
Registered |
|
Finpi Societa' Semplice |
|
00885390245 |
Partner |
Active |
Registered |
|
Arteapulia S.r.l. |
|
05431610723 |
Managing Director |
Active |
Registered |
|
Arteapulia S.r.l. |
|
05431610723 |
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 |
|
Trend Group S.p.a. |
Vicenza - IT - |
02780620247 |
100.000 .Eur |
100,00 |
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:
|
- |
Registered office |
|
|
|
|
|
|
MANIN |
, 40 |
- 30100 |
- Venezia |
(VE) |
- IT - |
|
|
|
|
PHONE |
: 0412440002 |
|
|
|
|
FAX |
: 0415240736 |
|
|
|
|
Employees |
: 24 |
|
Fittings and Equipment for a value of
36.000 |
Eur |
|
Stocks for a value of 1.640.000 |
Eur |
Historical
Information and/or Firm's Status
EX-MEMBERS / EX-POSITIONS:
|
|
Simonetto |
Gianfranco |
|
|
|
Born in Vicenza |
(VI) |
on 28/10/1948 |
- Fiscal Code : SMNGFR48R28L840F |
|
|
|
Residence: |
|
Fogazzaro |
, 192 |
- 36100 |
Vicenza |
(VI) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Bisazza |
Giuseppe |
|
|
|
Born in Trissino |
(VI) |
on 17/10/1936 |
- Fiscal Code : BSZGPP36R17L433E |
|
|
|
Residence: |
|
Busa San Michele |
, 10 |
- 36100 |
Vicenza |
(VI) |
- IT - |
|
Ex-Postions |
|
Board Chairman |
|
|
Di Giuseppe |
Andrea |
|
|
|
Born in Roma |
(RM) |
on 20/05/1968 |
- Fiscal Code : DGSNDR68E20H501N |
|
|
|
Residence: |
|
South Pointe Drive |
, 300 |
Miami - Beach - Florida |
- IT - |
|
Ex-Postions |
|
Managing 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
Subject is active since 2003
The analysis is based on the latest 3 balance
sheets.
Unstable economic results mark the company's
financial state of affairs. anyway in 2013 a positive result was achieved
(r.o.e. 5,45%).
The operating result was positive in the last
financial year (5,79%) falling within the field's average.
The amount of the operating result for the
year 2013 is of Eur. 249.500 showing an upward trend 24,01% compared to the
previous financial year.
The gross operating margin of the latest
financial year is of Eur. 378.631 , with a -20,14% decrease.
From a financial aspect the company's status
covers total short-term debts; the indebtedness volume in 2013 is in fact 0,9
and with an upward trend compared to the previous year.
The management generated equity capital for
an amount of Eur. 1.879.061 , unchanged if compared to 2012.
Total debts recorded amounted to Eur.
2.157.459 (Eur. 472.000 of which were m/l term debts) , with no sensible
variation.
Financial indebdtedness is under control
whereas debts to suppliers are frequent even in comparison with the sector's.
Liquidity is however good.
Credits are collected in 57,39 days on the
average. , lower than the sector's average.
Eur. 231.480 is the value of cash flow during
the year 2013
Labour cost expenses amount to Eur. 787.840 ,
representing 34,48% on the total of production costs. , whereas the incidence
on sales revenues is of 32,68%.
The incidence percentage of financial charges
on sales volume is equal to -4,5%.
Financial Data
|
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.411.061 |
|
Profit (Loss) for the period |
102.349 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.363.508 |
|
Profit (Loss) for the period |
48.314 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.389.298 |
|
Profit (Loss) for the period |
-284.656 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.455.120 |
|
Profit (Loss) for the period |
-314.962 |
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 |
0,41 |
0,41 |
0,48 |
0,30 |
|
Elasticity Ratio |
Units |
0,59 |
0,59 |
0,52 |
0,66 |
|
Availability of stock |
Units |
0,38 |
0,36 |
0,37 |
0,15 |
|
Total Liquidity Ratio |
Units |
0,21 |
0,23 |
0,15 |
0,44 |
|
Quick Ratio |
Units |
0,00 |
0,01 |
0,00 |
0,02 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
0,90 |
1,06 |
0,87 |
2,50 |
|
Self Financing Ratio |
Units |
0,44 |
0,40 |
0,39 |
0,21 |
|
Capital protection Ratio |
Units |
0,89 |
0,92 |
1,11 |
0,64 |
|
Liabilities consolidation quotient |
Units |
0,44 |
0,38 |
0,76 |
0,29 |
|
Financing |
Units |
1,15 |
1,37 |
1,41 |
3,40 |
|
Permanent Indebtedness Ratio |
Units |
0,61 |
0,56 |
0,66 |
0,41 |
|
M/L term Debts Ratio |
Units |
0,17 |
0,17 |
0,26 |
0,15 |
|
Net Financial Indebtedness Ratio |
Units |
0,50 |
0,54 |
0,86 |
0,68 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,48 |
1,37 |
1,38 |
1,30 |
|
Current ratio |
Units |
1,51 |
1,35 |
1,52 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,53 |
0,53 |
0,45 |
0,84 |
|
Structure's primary quotient |
Units |
1,06 |
0,96 |
0,82 |
0,68 |
|
Treasury's primary quotient |
Units |
0,00 |
0,03 |
0,01 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
229,37 |
251,74 |
255,02 |
441,03 |
|
Current Capital ( net ) |
Value |
851.746 |
685.791 |
789.746 |
97.133 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
9,60 |
13,59 |
-0,79 |
4,81 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
5,45 |
2,72 |
-16,47 |
4,41 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
7,24 |
5,49 |
-19,56 |
14,30 |
|
Return on Investment ( R.O.I. ) |
% |
5,79 |
4,50 |
-5,94 |
4,16 |
|
Return/ Sales |
% |
10,35 |
8,51 |
-18,84 |
4,40 |
|
Extra Management revenues/charges incid. |
% |
41,02 |
24,01 |
n.c. |
23,79 |
|
Cash Flow |
Value |
231.480 |
321.302 |
-10.965 |
85.628 |
|
Operating Profit |
Value |
249.500 |
201.183 |
-261.728 |
75.073 |
|
Gross Operating Margin |
Value |
378.631 |
474.171 |
33.691 |
198.441 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
57,39 |
48,82 |
28,39 |
110,77 |
|
Debts to suppliers average term |
Days |
237,29 |
250,60 |
331,15 |
124,20 |
|
Average stock waiting period |
Days |
244,80 |
242,82 |
420,92 |
53,64 |
|
Rate of capital employed return ( Turnover
) |
Units |
0,56 |
0,53 |
0,32 |
1,02 |
|
Rate of stock return |
Units |
1,47 |
1,48 |
0,86 |
6,62 |
|
Labour cost incidence |
% |
32,68 |
30,35 |
52,09 |
19,95 |
|
Net financial revenues/ charges incidence |
% |
-4,50 |
-4,38 |
-5,91 |
-1,87 |
|
Labour cost on purchasing expenses |
% |
34,48 |
32,72 |
41,43 |
20,58 |
|
Short-term financing charges |
% |
5,03 |
4,25 |
3,37 |
3,00 |
|
Capital on hand |
% |
178,76 |
189,24 |
317,26 |
97,63 |
|
Sales pro employee |
Value |
100.460 |
107.432 |
63.149 |
155.908 |
|
Labour cost pro employee |
Value |
32.826 |
32.603 |
32.893 |
33.115 |
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 |
: |
2.052 |
|
- per energy consume |
: |
127 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.41 |
|
|
1 |
Rs.99.03 |
|
Euro |
1 |
Rs.79.00 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
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.