MIRA INFORM REPORT
|
Report Date : |
20.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
KEM COLOR S.P.A. |
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Registered Office : |
Strada Della Cebrosa, 58, 10036 - Settimo Torinese (TO) |
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Country : |
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|
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
20.04.1989 |
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|
Legal Form : |
Joint Stock Company |
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Line of Business : |
Development, Production & Sale of Dyes, Auxiliaries, Pigments
& Chemical Products |
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|
|
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No of Employees : |
22 |
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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 |
|
Source : CIA |
Company name & address
Kem Color S.p.a.
Strada Della Cebrosa, 58
10036 - Settimo Torinese (TO) -IT-
Summary
|
Fiscal Code |
: |
05738240018 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
07/07/1989 |
|
Equity |
: |
Over 2.582.254 |
|
|
: |
9.000.000/10.000.000 |
|
Number of Employees |
: |
22 |
Activity
Development, Production & Sale of Dyes, Auxiliaries, Pigments & Chemical Products
Legal Data
Legal Form : Joint stock company
|
Fiscal Code : 05738240018 |
|
Foreign Trade Reg. no. : TO028133 since
17/01/1992 |
|
Chamber of Commerce no. : 1340180 of
Milano |
|
Chamber of Commerce no. : 731934 of |
|
Firms' Register : TO272-1989-2151 of |
|
V.A.T. Code : 05738240018 |
|
Foundation date |
: 20/04/1989 |
|
|
Establishment date |
: 20/04/1989 |
|
|
Start of Activities |
: 07/07/1989 |
|
|
Legal duration |
: 31/12/2020 |
|
|
Nominal Capital |
: 2.300.000 |
|
|
Subscribed Capital |
: 2.300.000 |
|
|
Paid up Capital |
: 2.300.000 |
|
Members
|
|
Chidichino |
Giulio |
|
|
|
Born in |
(FI) |
on 17/11/1941 |
- Fiscal Code : CHDGLI41S17D612X |
|
|
|
Residence: |
Diaz De La Fuente |
, 21 |
Esplugues Lobregat Barcellona |
- ES - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
10/05/2013 |
|
|
|
Board Chairman |
10/05/2013 |
|
|
|
|
No
Prejudicial events are reported |
|
|
No Protests
registered |
|
|
Di Cesare |
Antonio |
|
|
|
Born in Castelvecchio Subequo |
(AQ) |
on 31/07/1950 |
- Fiscal Code : DCSNTN50L31C279M |
|
|
|
Residence: |
|
Speranza |
, 85 |
- 10099 |
San Mauro Torinese |
(TO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
10/05/2013 |
|
|
|
Director |
10/05/2013 |
|
|
|
|
No
Prejudicial events are reported |
|
|
No Protests
registered |
|
|
Di Cesare |
Fabrizio |
|
|
|
Born in |
(TO) |
on 29/03/1979 |
- Fiscal Code : DCSFRZ79C29L219V |
|
|
|
Residence: |
|
Speranza |
, 85 |
- 10099 |
San Mauro Torinese |
(TO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
13/03/2008 |
|
|
|
Attorney with special power |
19/01/2009 |
|
|
|
Director |
10/05/2013 |
|
|
|
Managing Director |
10/05/2013 |
|
|
|
|
No
Prejudicial events are reported |
|
|
No Protests
registered |
|
|
Colorantes
Industriales Sociedad Anonima |
|
|
|
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
|
|
|
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.
|
|
Chidichino |
Giulio |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Societa' Esercizio Industrie Chimiche
Italiane- S.e.i.c.i. - S.p.a. |
|
00469390017 |
Managing
Director |
Active |
Registered |
|
Societa' Esercizio Industrie Chimiche
Italiane- S.e.i.c.i. - S.p.a. |
|
00469390017 |
Director |
Active |
Registered |
|
Colorantes Italia S.r.l. |
Castelfranco di Sotto (PI) - IT - |
01394020505 |
Director |
Active |
Registered |
|
Eurocolor S.p.a. |
Castel Bolognese (RA) - IT - |
02351720392 |
Director |
Active |
Registered |
|
Eurocolor S.p.a. |
Castel Bolognese (RA) - IT - |
02351720392 |
Board Chairman |
Active |
Registered |
|
|
Di Cesare |
Antonio |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Societa' Esercizio Industrie Chimiche
Italiane- S.e.i.c.i. - S.p.a. |
|
00469390017 |
Director |
Active |
Registered |
|
Societa' Esercizio Industrie Chimiche Italiane-
S.e.i.c.i. - S.p.a. |
|
00469390017 |
Board Chairman |
Active |
Registered |
|
Officina +39 S.r.l. |
|
02402480020 |
Director |
Withdrawn |
Registered |
|
Cebrosa Carburanti S.a.s. Di Davide Di
Cesare E C. |
Settimo Torinese (TO) - IT - |
10091280015 |
Limited Partner |
Withdrawn |
Registered |
|
Eurocolor S.p.a. |
Castel Bolognese (RA) - IT - |
02351720392 |
Managing
Director |
Active |
Registered |
|
Eurocolor S.p.a. |
Castel Bolognese (RA) - IT - |
02351720392 |
Director |
Active |
Registered |
|
|
Di Cesare |
Fabrizio |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Officina +39 S.r.l. |
|
02402480020 |
Managing Director |
Active |
Registered |
|
Officina +39 S.r.l. |
|
02402480020 |
Board Chairman |
Active |
Registered |
|
Cebrosa Carburanti S.a.s. Di Davide Di
Cesare E C. |
Settimo Torinese (TO) - IT - |
10091280015 |
Limited Partner |
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 |
|
Di Cesare Antonio |
San Mauro Torinese - IT - |
DCSNTN50L31C279M |
575.000 .Eur |
25,00 |
|
Di Cesare Fabrizio |
San Mauro Torinese - IT - |
DCSFRZ79C29L219V |
575.000 .Eur |
25,00 |
|
Colorantes Industriales Sociedad Anonima |
|
|
1.150.000 .Eur |
50,00 |
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 |
|
Eurocolor S.p.a. |
Castel Bolognese - IT - |
02351720392 |
192.500 .Eur |
35,00 |
|
|
Active |
|
Eurocolor - Societa' Consortile A Respon
sabilita' Limitata |
|
02501010397 |
12.000 .Eur |
30,00 |
|
|
Active |
Firm's location and structure
In order to carry out its activities the
firm uses the following locations:
|
- |
Legal and
operative seat |
|
|
|
|
|
|
|
Della Cebrosa |
, 58 |
- 10036 |
- Settimo Torinese |
(TO) |
- IT - |
|
|
|
|
PHONE |
: 0118162211 |
|
|
|
|
FAX |
: 0118977387 |
|
|
|
|
Website |
: www.kemcolor.it |
|
- |
Branch |
(Factory) |
since 01/10/2001 |
|
|
|
|
|
|
Della Cebrosa |
, 60 |
- 10036 |
- Settimo Torinese |
(TO) |
- IT - |
|
|
|
|
Employees |
: 22 |
|
Fittings and Equipment for a value of
300.000 |
Eur |
|
Stocks for a value of 3.290.000 |
Eur |
|
|
Historical Information and/or
Firm's Status
CHANGES TO THE
LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Limited liability company |
Joint stock company |
25/07/1995 |
EX-MEMBERS /
EX-POSITIONS:
|
|
Vernocchi |
Carlo |
|
|
|
Born in |
(BO) |
on 06/10/1936 |
- Fiscal Code : VRNCRL36R06A944I |
|
|
|
Residence: |
|
Spallanzani Lazzaro |
, 10 |
- 20129 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Director |
|
|
TOSO |
|
|
|
|
Born in SETTIMO TORINESE |
(TO) |
on 19/01/1950 |
- Fiscal Code : TSOMRN50A59I703S |
|
|
|
Residence: |
|
SPERANZA |
, 85 |
- 10099 |
San Mauro Torinese |
(TO) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Castiglia |
Antonino |
|
|
|
Born in |
(VA) |
on 15/02/1948 |
- Fiscal Code : CSTNNN48B15B300T |
|
|
|
Residence: |
|
|
, 14 |
- 21052 |
|
(VA) |
- IT - |
|
Ex-Postions |
|
Director |
|
Procurator |
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.
Bankers
The firm operates with:
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
UNICREDIT BANCA SPA |
|
|
|
|
2008 |
0 |
Financial and Economical Analysis
Subject is active since 1989
An eco-fin analysis has been made on the
base od the b/s fo the years 2011, 2012 and 2013.
During the last years, it achieved profits
(r.o.e. 2,07% on 2013) but without a significant increase in the turnover.
The operating result in 2013 was positive
(1,37%) falling within the field's average.
The amount of the operating result for the
year 2013 is of Eur. 130.656 rising (+more then 100%) in relation to the
previous year.
A gross operating margine for a value of
Eur. 327.446 was reached. with no sensible increase as against 2012.
The company has an excellent net worth if
compared to its debts, with a low indebtedness (0,72) increasing compared to
last year (0,6)
The equity capital is equal to Eur.
5.238.621 , stable in comparison with the value of the previous year.
Total debts (both short and M/L term) equals
Eur. 3.754.837, with no important change.
Bank and suppliers credit recourse is
limited, 87,94 gg. is payment average period which turns out to be lined up
with the sector.
The management determines a good range of
liquidity.
Trade credits are collected slowly, average
term is 142,87 days. besides being higher than the sector's average.
2013 financial year closed with a cash flow
of Eur. 305.207
During 2013 financial year labour costs
amounted to Eur. 1.150.375, with a 12,13% incidence on production costs. and a
12,18% incidence on sales volumes.
The financial charges do not negatively
affect the management, as they are covered by the incomes.
Financial Data
|
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
9.445.022 |
|
Profit (Loss) for the period |
108.417 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
9.082.739 |
|
Profit (Loss) for the period |
116.610 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
9.110.335 |
|
Profit (Loss) for the period |
31.315 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
8.968.533 |
|
Profit (Loss) for the period |
32.019 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
7.728.130 |
|
Profit (Loss) for the period |
6.456 |
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 |
0,20 |
0,20 |
0,06 |
0,34 |
|
Elasticity Ratio |
Units |
0,80 |
0,80 |
0,94 |
0,64 |
|
Availability of stock |
Units |
0,35 |
0,29 |
0,40 |
0,15 |
|
Total Liquidity Ratio |
Units |
0,45 |
0,51 |
0,53 |
0,46 |
|
Quick Ratio |
Units |
0,00 |
0,00 |
0,02 |
0,01 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
0,72 |
0,60 |
0,76 |
1,80 |
|
Self Financing Ratio |
Units |
0,55 |
0,59 |
0,52 |
0,26 |
|
Capital protection Ratio |
Units |
0,54 |
0,55 |
0,69 |
0,75 |
|
Liabilities consolidation quotient |
Units |
0,11 |
0,12 |
0,10 |
0,23 |
|
Financing |
Units |
0,72 |
0,60 |
0,80 |
2,59 |
|
Permanent Indebtedness Ratio |
Units |
0,59 |
0,63 |
0,56 |
0,46 |
|
M/L term Debts Ratio |
Units |
0,04 |
0,04 |
0,04 |
0,12 |
|
Net Financial Indebtedness Ratio |
Units |
0,27 |
0,14 |
0,38 |
0,57 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
3,04 |
3,21 |
8,75 |
1,28 |
|
Current ratio |
Units |
2,02 |
2,24 |
2,26 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,14 |
1,44 |
1,29 |
0,84 |
|
Structure's primary quotient |
Units |
2,82 |
2,99 |
8,11 |
0,74 |
|
Treasury's primary quotient |
Units |
0,00 |
0,00 |
0,04 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
181,52 |
170,26 |
193,42 |
381,85 |
|
Current Capital ( net ) |
Value |
3.831.720 |
4.030.563 |
4.281.899 |
401.161 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
3,23 |
5,79 |
4,43 |
3,85 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
2,07 |
2,18 |
0,74 |
2,70 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
4,43 |
0,27 |
4,08 |
8,97 |
|
Return on Investment ( R.O.I. ) |
% |
1,37 |
-0,79 |
-0,64 |
4,02 |
|
Return/ Sales |
% |
1,38 |
-0,79 |
-0,57 |
3,73 |
|
Extra Management revenues/charges incid. |
% |
82,98 |
n.c. |
n.c. |
25,78 |
|
Cash Flow |
Value |
305.207 |
525.999 |
403.152 |
297.038 |
|
Operating Profit |
Value |
130.656 |
-72.097 |
-52.194 |
271.622 |
|
Gross Operating Margin |
Value |
327.446 |
337.292 |
319.643 |
541.113 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
142,87 |
159,17 |
151,73 |
112,20 |
|
Debts to suppliers average term |
Days |
87,94 |
116,12 |
57,69 |
101,28 |
|
Average stock waiting period |
Days |
125,37 |
103,11 |
130,43 |
48,71 |
|
Rate of capital employed return ( Turnover
) |
Units |
0,99 |
1,00 |
1,11 |
1,14 |
|
Rate of stock return |
Units |
2,87 |
3,49 |
2,76 |
7,38 |
|
Labour cost incidence |
% |
12,18 |
11,39 |
10,23 |
15,03 |
|
Net financial revenues/ charges incidence |
% |
1,07 |
0,47 |
-0,32 |
-1,41 |
|
Labour cost on purchasing expenses |
% |
12,13 |
11,09 |
10,11 |
14,64 |
|
Short-term financing charges |
% |
n.c. |
n.c. |
0,89 |
3,20 |
|
Capital on hand |
% |
100,68 |
100,48 |
90,10 |
86,99 |
|
Sales pro employee |
Value |
269.857 |
283.835 |
314.149 |
279.071 |
|
Labour cost pro employee |
Value |
32.867 |
32.327 |
32.128 |
38.958 |
Market / Territory Data
|
Population living in the province |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
Monthly family expenses 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 805
significant companies.
The companies cash their credits on an
average of 112 dd.
The average duration of suppliers debts is about
101 dd.
The sector's profitability is on an average
of 3,85%.
The labour cost affects the turnover in the
measure of 15,03%.
Goods are held in stock in a range of 49 dd.
The difference between the sales volume and
the resources used to realize it is about 1,14.
The employees costs represent the 14,64% of
the production costs.
Statistical Detrimental Data
Statistically the trade activity shows
trifling crises.
The area is statistically considered
moderately risky.
In the region 27.019 protested subjects are
found; in the province they count to 16.723.
The insolvency index for the region is 0,63,
, while for the province it is 0,76.
Total Bankrupt companies in the province :
7.726.
Total Bankrupt companies in the region :
14.165.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.07 |
|
UK Pound |
1 |
Rs.98.73 |
|
Euro |
1 |
Rs.77.46 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MNL |
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.