MIRA INFORM REPORT
|
Report Date : |
20.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
LAFER - S.P.A. |
|
|
|
|
Registered Office : |
Via Lago Di Garda, 98, 36015 – Schio
(VI) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
31.12.1980 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturer of machinery for Textile, Apparel and Leather Industries (including Spare Parts and Accessories) |
|
|
|
|
No of Employees : |
101 |
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 |
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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 Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
|
Source : CIA |
Company name & ADDRESS
Lafer - S.p.a.
Via Lago Di Garda, 98
36015 - Schio (VI) -IT-
Summary
|
Fiscal Code |
: |
01279170243 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
31/12/1980 |
|
Equity |
: |
Over 2.582.254 |
|
|
: |
25.000.000/35.000.000 |
|
Number of Employees |
: |
from 91 to 110 |
Activity
Manufacture of machinery for textile,
apparel and leather industries (including spare parts and accessories)
Legal Data
Legal Form : Joint stock company
|
Fiscal Code : 01279170243 |
|
Foreign Trade Reg. no. : VI008404 since
06/12/1991 |
|
Foreign Trade Reg. no. : 8404 of |
|
Chamber of Commerce no. : 169519 of |
|
Chamber of Commerce no. : 157528 of |
|
Firms' Register : VI116-11911 of |
|
V.A.T. Code : 01279170243 |
|
Foundation date |
: 31/12/1980 |
|
|
Establishment date |
: 31/12/1980 |
|
|
Start of Activities |
: 31/12/1980 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 286.000 |
|
|
Subscribed Capital |
: 286.000 |
|
|
Paid up Capital |
: 286.000 |
|
Members
|
|
Scortegagna |
Bruno |
|
|
|
Born in Schio |
(VI) |
on 17/01/1939 |
- Fiscal Code : SCRBRN39A17I531Z |
|
|
|
Residence: |
|
Fornaci |
, 46 |
- 36015 |
Schio |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/06/2013 |
|
|
|
Board Chairman |
28/06/2013 |
|
|
|
Managing Director |
28/06/2013 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Scortegagna |
Daniela |
|
|
|
Born in Malo |
(VI) |
on 24/10/1969 |
- Fiscal Code : SCRDNL69R64E864L |
|
|
|
Residence: |
|
Dei Priuli |
, 22 |
- 36015 |
Schio |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
03/09/1996 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Costeniero |
Valter |
|
|
|
Born in Malo |
(VI) |
on 22/11/1965 |
- Fiscal Code : CSTVTR65S22E864K |
|
|
|
Residence: |
|
Pasubio |
, 72 |
- 36034 |
Malo |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
03/09/1996 |
|
|
|
Director |
28/06/2013 |
|
|
|
Managing Director |
28/06/2013 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Marchioretto |
Ruggero Pietro |
|
|
|
Born in Schio |
(VI) |
on 14/10/1958 |
- Fiscal Code : MRCRGR58R14I531W |
|
|
|
Residence: |
|
Dei Priuli |
, 22 |
- 36015 |
Schio |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney General |
17/07/2007 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Broccardo |
Andrea |
|
|
|
Born in Schio |
(VI) |
on 26/09/1974 |
- Fiscal Code : BRCNDR74P26I531U |
|
|
|
Residence: |
|
Trentin Vittorio |
, 40 |
- 36036 |
Torrebelvicino |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
27/03/2014 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Lafin Srl |
|
|
|
|
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.
|
|
Scortegagna |
Bruno |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Lafin Srl |
Schio (VI) - IT - |
01738720240 |
Procurator |
Active |
Registered |
|
|
Costeniero |
Valter |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Lafin Srl |
Schio (VI) - IT - |
01738720240 |
Sole Director |
Active |
Registered |
|
TEXEN S.R.L. |
Schio (VI) - IT - |
02635160241 |
Director |
Withdrawn |
Registered |
|
AMT S.R.L. |
Thiene (VI) - IT - |
02565060247 |
Sole Director |
Withdrawn |
Registered |
|
Lafer Packaging S.r.l. |
Schio (VI) - IT - |
03021200245 |
Sole Director |
Active |
Registered |
|
LAFER RESEARCH S.R.L. |
Schio (VI) - IT - |
03021180249 |
Sole Director |
Withdrawn |
Registered |
|
Servizi Aziendali S.r.l. |
Schio (VI) - IT - |
03061130245 |
Director |
Active |
Registered |
|
Servizi Aziendali S.r.l. |
Schio (VI) - IT - |
03061130245 |
Board Chairman |
Active |
Registered |
|
Tgs Srl |
Schio (VI) - IT - |
02757030248 |
Managing
Director |
Active |
Registered |
|
Tgs Srl |
Schio (VI) - IT - |
02757030248 |
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 |
|
Scortegagna Bruno |
Schio - IT - |
SCRBRN39A17I531Z |
1.040 .Eur |
0,36 |
|
DE MARCHI MARIA TERESA |
Schio - IT - |
DMRMTR40A64E864D |
520 .Eur |
0,18 |
|
Lafin Srl |
|
01738720240 |
284.440 .Eur |
99,45 |
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 |
|
since 03/06/1996 |
|
|
|
|
|
|
Lago Di Garda |
, 98 |
- 36015 |
- Schio |
(VI) |
- IT - |
|
|
|
|
PHONE |
: 0445694301 |
|
|
|
|
PHONE |
: 0445694311 |
|
|
|
|
FAX |
: 0445694312 |
|
- |
Branch |
(Branch) |
since 01/07/1987 |
until 19/01/1996 |
|
|
|
|
|
|
Lago Di Vico |
- 36015 |
- Schio |
(VI) |
- IT - |
|
|
|
|
PHONE |
: 0445575655 |
|
- |
Branch |
(Store) |
since 11/10/1996 |
until 26/05/1997 |
|
|
|
|
|
|
Matteotti |
, 10 |
- 13030 |
- Benna |
(BI) |
- IT - |
|
|
|
|
Employees |
: 101 |
|
Fittings and Equipment for a value of
820.000 |
Eur |
|
Stocks for a value of 1.760.000 |
Eur |
|
Vehicles for a value of 46.000 |
Eur |
The company sells in
The company 's mainly customers are
companies.
|
|
The firm operates abroad as exporter..
Export trade is the 70 % of the global
turnover.
Products abroad are placed by :
|
- importers |
|
- its own agents |
|
- direct orders from foreign companies |
Main sales modalities: issue cheques and
bank transfers.
Company generally pays its suppliers within
30/90 days.
Subject company generally settles its
engagements by issuing of
cheques and cash orders.
Export is mainly towards:
|
- |
|
- |
Traded Brands / Suppliers
|
- Interacciai Spa |
|
- Carte Dozio Srl |
Historical Information and/or
Firm's Status
EX-MEMBERS /
EX-POSITIONS:
|
|
Bengelsdorff |
Carl Wilhelm
Andreas |
|
|
|
Born in |
( ) |
on 23/09/1966 |
- Fiscal Code : BNGCLW66P23Z109F |
|
Ex-Postions |
|
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 |
|
BANCA POPOLARE DI |
|
|
|
|
5728 |
0 |
|
BANCA POPOLARE DI |
AG.1 |
VIA |
36015 |
Schio |
5728 |
60751 |
|
INTESA SANPAOLO SPA |
|
|
|
|
3069 |
0 |
|
B.CA NAZIONALE |
SCHIO |
PIAZZA DELLO STATUTO |
36015 |
Schio (VI) |
1005 |
60750 |
Financial and Economical Analysis
Subject is active since 1980
The economic-financial analysis is based on
the latest 3 b/s.
During the last years, it achieved profits
(r.o.e. 23,5% on 2012) with an increase in 2012 (+19,62%).
The operating result was positive in the
last financial year (5,94%) and reflects the field's average.
The amount of the operating result is equal
to Eur. 1.393.830 with an increase of more then 100% if the compared to the
previous financial year.
A gross operating margine for a value of
Eur. 1.797.177 was reached. showing a 69,04% growth.
The analysis shows a fair financial position
as the indebtedness volume is acceptable (1,78) with an improving trend as on
the decrease.
With regard to equity capital, an amount of
Eur. 3.509.086 is registered. , increasing by 30,71% if compared to the year
before.
During the last financial year debts
totalled Eur. 18.734.828 (Eur. 4.256.730 of which were m/l term debts) on the
same levels as the year before.
The recourse to financial credit is within
the limits; on the other hand the recourse to suppliers' credit is rated as
fairly high and higher than sector's average.
Liquid assets are good.
Credits are collected in 52,67 days on the
average. , a value lower than the sector's average.
2012 financial year closed with a cash flow
of Eur. 1.227.876
Labour cost expenses amount to Eur.
4.990.901 , representing 17,92% on the total of production costs. , whereas the
incidence of such costs on sales revenues is equal to 17,15%.
If compared to the sales volume (-0,66%),
the impact of the financial charges is limited.
Financial Data
|
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
29.098.069 |
|
Profit (Loss) for the period |
824.529 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
24.323.838 |
|
Profit (Loss) for the period |
105.429 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
31.606.234 |
|
Profit (Loss) for the period |
545.513 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
24.253.046 |
|
Profit (Loss) for the period |
673.585 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
22.374.192 |
|
Profit (Loss) for the period |
-275.257 |
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 31/12/2012 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet as
at 31/12/2011 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet
as at 31/12/2010 - 12 Mesi - Currency: - Amounts x 1 |
|
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|
|
RATIOS |
Value
Type |
as at 31/12/2012 |
as at 31/12/2011 |
as at 31/12/2010 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,33 |
0,38 |
0,33 |
0,18 |
|
Elasticity Ratio |
Units |
0,67 |
0,61 |
0,66 |
0,80 |
|
Availability of stock |
Units |
0,08 |
0,13 |
0,07 |
0,24 |
|
Total Liquidity Ratio |
Units |
0,60 |
0,48 |
0,58 |
0,48 |
|
Quick Ratio |
Units |
0,35 |
0,17 |
0,22 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
1,78 |
3,82 |
3,72 |
3,25 |
|
Self Financing Ratio |
Units |
0,15 |
0,13 |
0,13 |
0,19 |
|
Capital protection Ratio |
Units |
0,68 |
0,85 |
0,74 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,34 |
0,26 |
0,19 |
0,19 |
|
Financing |
Units |
5,34 |
6,22 |
6,17 |
3,80 |
|
Permanent Indebtedness Ratio |
Units |
0,36 |
0,30 |
0,27 |
0,36 |
|
M/L term Debts Ratio |
Units |
0,21 |
0,17 |
0,14 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,62 |
0,00 |
0,63 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,10 |
0,80 |
0,81 |
1,75 |
|
Current ratio |
Units |
1,09 |
0,91 |
0,93 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,96 |
0,72 |
0,82 |
0,81 |
|
Structure's primary quotient |
Units |
0,46 |
0,35 |
0,40 |
1,03 |
|
Treasury's primary quotient |
Units |
0,57 |
0,25 |
0,30 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
668,34 |
764,86 |
753,83 |
516,42 |
|
Current Capital ( net ) |
Value |
1.251.199 |
-1.251.341 |
-1.275.747 |
422.465 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
4,22 |
2,13 |
2,94 |
3,35 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
23,50 |
3,93 |
17,08 |
5,13 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
39,24 |
16,65 |
31,63 |
14,77 |
|
Return on Investment ( R.O.I. ) |
% |
5,94 |
3,17 |
4,35 |
4,16 |
|
Return/ Sales |
% |
4,79 |
2,68 |
3,31 |
4,11 |
|
Extra Management revenues/charges incid. |
% |
59,16 |
16,18 |
52,08 |
28,57 |
|
Cash Flow |
Value |
1.227.876 |
517.134 |
927.872 |
122.482 |
|
Operating Profit |
Value |
1.393.830 |
651.406 |
1.047.512 |
144.752 |
|
Gross Operating Margin |
Value |
1.797.177 |
1.063.111 |
1.429.871 |
241.990 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
52,67 |
55,90 |
75,72 |
111,85 |
|
Debts to suppliers average term |
Days |
180,07 |
174,82 |
178,93 |
128,30 |
|
Average stock waiting period |
Days |
21,79 |
38,21 |
19,57 |
80,43 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,24 |
1,18 |
1,31 |
1,08 |
|
Rate of stock return |
Units |
16,52 |
9,42 |
18,39 |
4,45 |
|
Labour cost incidence |
% |
17,15 |
19,36 |
15,03 |
19,12 |
|
Net financial revenues/ charges incidence |
% |
-0,66 |
-0,85 |
-0,09 |
-1,08 |
|
Labour cost on purchasing expenses |
% |
17,92 |
19,00 |
15,48 |
19,02 |
|
Short-term financing charges |
% |
1,45 |
1,68 |
0,63 |
2,68 |
|
Capital on hand |
% |
80,60 |
84,42 |
76,18 |
91,91 |
|
Sales pro employee |
Value |
187.729 |
165.468 |
325.837 |
198.432 |
|
Labour cost pro employee |
Value |
32.199 |
32.035 |
48.989 |
35.779 |
Market / Territory Data
|
Population living in the province |
: |
831.356 |
|
Population living in the region |
: |
4.699.950 |
|
Number of families in the region |
: |
1.813.210 |
Monthly family expenses average in the
region (in Eur..) :
|
- per food products |
: |
456 |
|
- per non food products |
: |
2.052 |
|
- per energy consume |
: |
127 |
Sector Data
The values are calculated on a base of 1.206
significant companies.
The companies cash their credits on an
average of 112 dd.
The average duration of suppliers debts is
about 128 dd.
The sector's profitability is on an average
of 3,35%.
The labour cost affects the turnover in the
measure of 19,12%.
Goods are held in stock in a range of 80 dd.
The difference between the sales volume and
the resources used to realize it is about 1,08.
The employees costs represent the 19,02% of
the production costs.
statistical Detrimental Data
Statistically the trade activity shows
periods of crisis.
The area is statistically considered lowly
risky.
In the region 13.782 protested subjects are
found; in the province they count to 2.234.
The insolvency index for the region is 0,30,
, while for the province it is 0,27.
Total Bankrupt companies in the province :
2.546.
Total Bankrupt companies in the region :
16.714.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.06 |
|
UK Pound |
1 |
Rs.98.73 |
|
Euro |
1 |
Rs.77.45 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
DPT |
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.