MIRA INFORM REPORT
|
Report Date : |
30.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
LOMBARDI METAL RECYCLING S.R.L. |
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Registered Office : |
Corso Montebello, 58 15057 – Tortona (AL) |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
01.02.2005 |
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Legal Form : |
Limited liability company |
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Line of Business : |
Wholesaler of wrecks and industrial metal by-products |
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No. of Employee : |
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 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
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 |
|
Source
: CIA |
Company name & address
|
Lombardi Metal
Recycling S.r.l. In Forma Abbreviata L.m.r. S.r.l. |
|
Corso |
|
58 |
|
15057 |
- Tortona |
( |
-IT- |
Summary
|
Fiscal Code |
: |
02062100066 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
01/02/2005 |
|
Equity |
: |
1.000.000 |
|
|
: |
75.000.000/100.000.000 |
|
Number of Employees |
: |
from 16 to 25 |
Activity
Wholesale of wrecks and industrial metal
by-products
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 02062100066 |
|
Chamber of Commerce no. : 223253 of |
|
Firms' Register : AL-2005-110 of |
|
V.A.T. Code : 02062100066 |
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Foundation date |
: 14/12/2004 |
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Establishment date |
: 14/12/2004 |
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|
Start of Activities |
: 01/02/2005 |
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|
Legal duration |
: 31/12/2050 |
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Nominal Capital |
: 500.000 |
|
|
Subscribed Capital |
: 500.000 |
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|
Paid up Capital |
: 500.000 |
|
Members
|
|
Lombardi |
Fulvio |
|
|
|
Born in |
( |
on 06/04/1956 |
- Fiscal Code : LMBFLV56D06A182W |
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|
|
Residence: |
|
Raggi |
, 19/21 |
- 15040 |
|
( |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
|
|
|
No Protests
registered |
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Lombardi |
Mauro |
|
|
|
Born in |
( |
on 11/07/1959 |
- Fiscal Code : LMBMRA59L11A182Y |
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|
|
Residence: |
|
Raggi |
, 19/21 |
- 15040 |
|
( |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
|
|
|
No Protests
registered |
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Di Giovanni |
Marco |
|
|
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Born in Roma |
(RM) |
on 04/05/1952 |
- Fiscal Code : DGVMRC52E04H501U |
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|
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Residence: |
|
Renoncino |
, 1/26 |
- 20089 |
Basiglio |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
10/12/2010 |
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|
|
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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 are listed the companies in
which members hold or have holded positions.
|
|
Di Giovanni |
Marco |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Fumagalli Componenti S.p.a. In Breve
FumAgalli S.p.a. |
Milano (MI) - IT - |
04772440154 |
Temporary
Auditor |
Withdrawn |
Registered |
|
Intrafid S.r.l. - In Liquidazione La
SocIeta' Appartiene Al Gruppo Bancario Banc |
Verbania (VB) - IT - |
01221850355 |
Director |
Withdrawn |
Ceased |
|
Intrafid S.r.l. - In Liquidazione La
SocIeta' Appartiene Al Gruppo Bancario Banc |
Verbania (VB) - IT - |
01221850355 |
Managing
Director |
Withdrawn |
Ceased |
|
Cogiova S.p.a. |
Mede (PV) - IT - |
01563320066 |
Permanent
Auditor |
Active |
Registered |
|
S.U.D. IMPIANTI SPA |
Milano (MI) - IT - |
00683130637 |
Temporary
Auditor |
Withdrawn |
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 |
|
Lombardi Fulvio |
|
LMBFLV56D06A182W |
250.000 .Eur |
50,00 |
|
Lombardi Mauro |
|
LMBMRA59L11A182Y |
250.000 .Eur |
50,00 |
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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|
|
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|
, 58 |
- 15057 |
- Tortona |
( |
- IT - |
|
- |
Branch |
(Warehouse) |
since 01/02/2005 |
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Vecchia Reale |
, S.N.C. |
- 15062 |
- Bosco Marengo |
( |
- IT - |
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|
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PHONE |
: 0131/298363 |
|
|
|
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Employees |
: 16 |
|
Fittings and Equipment for a value of
360.000 |
Eur |
|
Stocks for a value of 7.360.000 |
Eur |
|
|
Historical Information and/or Firm's Status
EX-MEMBERS /
EX-POSITIONS:
|
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Lombardi |
Mauro |
|
|
|
Born in |
( |
on 11/07/1959 |
- Fiscal Code : LMBMRA59L11A182Y |
|
|
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Residence: |
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Raggi |
, 19/21 |
- 15040 |
|
( |
- IT - |
|
Ex-Postions |
|
Sole Director |
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Morandi |
Gloria |
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|
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Born in Milano |
(MI) |
on 23/07/1958 |
- Fiscal Code : MRNGLR58L63F205N |
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Residence: |
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Spadolini Giovanni |
, 12/D |
- 20141 |
Milano |
(MI) |
- IT - |
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Ex-Postions |
|
Permanent Auditor |
|
|
Di Giovanni |
Marco |
|
|
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Born in Roma |
(RM) |
on 04/05/1952 |
- Fiscal Code : DGVMRC52E04H501U |
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Residence: |
|
Renoncino |
, 1/26 |
- 20089 |
Basiglio |
(MI) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
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Dolcini |
Enrico |
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Born in Volpedo |
( |
on 01/06/1948 |
- Fiscal Code : DLCNRC48H01M120R |
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Residence: |
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Mazzini |
, 30 |
- 15059 |
Volpedo |
( |
- IT - |
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Ex-Postions |
|
Chairman of the Board of Aud. |
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
The company is active since 2005
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 9,44% in 2013
The operating result in 2013 was positive
(4,43%) and reflects the field's average.
The amount of the operating result for the
year 2013 is of Eur. 902.691 showing a fall as opposed to the previous year
(-38,28%).
The gross operating margin of the latest
financial year is of Eur. 1.589.514 stable if compared to the financial year
2012.
Net worth does not allow a regular
management, short-term debts volume is considerably high, with an high
indebtedness volume on the whole (23,39) which tends upward.
Subject can manage an equity capital funds
for an amount of Eur. 753.142 with a -23,3% fall.
Total indebtedness amounts to Eur.
18.516.125, , with no sensible variation.
Remarkable financial indebtedness specially
if compared to equity capital, the exposure to suppliers is moderate (19,26 gg.
is the average payment period) below field's average.
The management determines a good range of
liquidity.
Trade credits average terms are 50,87 days.
, a value lower than the sector's average.
2013 financial year closed with a cash flow
of Eur. 362.948
Labour cost expenses amount to Eur. 622.277
, representing 0,84% on the total of production costs. , with a 0,83% incidence
on turnover.
If compared to the sales volume (-0,72%),
the impact of the financial charges is limited.
Financial Data
|
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
75.054.603 |
|
Profit (Loss) for the period |
71.125 |
|
|
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Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
86.122.860 |
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Profit (Loss) for the period |
379.317 |
|
|
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Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
91.736.062 |
|
Profit (Loss) for the period |
298.424 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
75.718.569 |
|
Profit (Loss) for the period |
389.599 |
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
|
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 |
0,04 |
0,04 |
0,07 |
0,11 |
|
Elasticity Ratio |
Units |
0,95 |
0,94 |
0,91 |
0,87 |
|
Availability of stock |
Units |
0,36 |
0,37 |
0,41 |
0,22 |
|
Total Liquidity Ratio |
Units |
0,59 |
0,57 |
0,50 |
0,56 |
|
Quick Ratio |
Units |
0,04 |
0,04 |
0,07 |
0,02 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
23,39 |
17,59 |
14,45 |
3,81 |
|
Self Financing Ratio |
Units |
0,04 |
0,05 |
0,06 |
0,17 |
|
Capital protection Ratio |
Units |
0,24 |
0,10 |
0,20 |
0,65 |
|
Liabilities consolidation quotient |
Units |
0,01 |
0,01 |
0,01 |
0,12 |
|
Financing |
Units |
24,59 |
18,47 |
15,73 |
4,72 |
|
Permanent Indebtedness Ratio |
Units |
0,04 |
0,06 |
0,06 |
0,30 |
|
M/L term Debts Ratio |
Units |
0,01 |
0,01 |
0,00 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
17,50 |
11,75 |
10,00 |
1,28 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,21 |
1,33 |
0,90 |
2,06 |
|
Current ratio |
Units |
1,04 |
1,03 |
1,01 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,65 |
0,63 |
0,56 |
0,84 |
|
Structure's primary quotient |
Units |
1,02 |
1,20 |
0,83 |
1,28 |
|
Treasury's primary quotient |
Units |
0,05 |
0,05 |
0,08 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
2707,03 |
2016,54 |
1738,51 |
591,61 |
|
Current Capital ( net ) |
Value |
822.656 |
509.303 |
171.404 |
219.071 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
0,48 |
0,77 |
1,61 |
2,22 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
9,44 |
38,63 |
29,76 |
6,27 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
52,06 |
77,00 |
66,83 |
15,95 |
|
Return on Investment ( R.O.I. ) |
% |
4,43 |
7,39 |
6,57 |
4,19 |
|
Return/ Sales |
% |
1,20 |
1,70 |
1,25 |
3,42 |
|
Extra Management revenues/charges incid. |
% |
7,88 |
25,93 |
26,06 |
29,26 |
|
Cash Flow |
Value |
362.948 |
663.984 |
1.481.224 |
61.669 |
|
Operating Profit |
Value |
902.691 |
1.462.586 |
1.145.266 |
95.558 |
|
Gross Operating Margin |
Value |
1.589.514 |
1.747.253 |
2.416.066 |
144.934 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
50,87 |
43,46 |
26,76 |
120,94 |
|
Debts to suppliers average term |
Days |
19,26 |
23,94 |
15,68 |
120,04 |
|
Average stock waiting period |
Days |
35,29 |
30,43 |
28,14 |
61,92 |
|
Rate of capital employed return ( Turnover
) |
Units |
3,68 |
4,35 |
5,26 |
1,27 |
|
Rate of stock return |
Units |
10,20 |
11,83 |
12,79 |
5,74 |
|
Labour cost incidence |
% |
0,83 |
0,69 |
0,55 |
7,77 |
|
Net financial revenues/ charges incidence |
% |
-0,72 |
-0,70 |
-0,62 |
-1,26 |
|
Labour cost on purchasing expenses |
% |
0,84 |
0,70 |
0,55 |
7,90 |
|
Short-term financing charges |
% |
2,92 |
3,34 |
3,61 |
2,67 |
|
Capital on hand |
% |
27,16 |
22,99 |
19,00 |
78,39 |
|
Sales pro employee |
Value |
3.950.242 |
4.784.603 |
6.115.737 |
437.713 |
|
Labour cost pro employee |
Value |
32.751 |
33.149 |
33.566 |
33.928 |
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 6.137
significant companies.
The companies cash their credits on an
average of 121 dd.
The average duration of suppliers debts is
about 120 dd.
The sector's profitability is on an average
of 2,22%.
The labour cost affects the turnover in the
measure of 7,77%.
Goods are held in stock in a range of 62 dd.
The difference between the sales volume and
the resources used to realize it is about 1,27.
The employees costs represent the 7,90% of
the production costs.
Statistical Detrimental Data
Statistcally the trade activity shows
periods of crisis.
The area is statistically considered
moderately risky.
In the region 27.019 protested subjects are
found; in the province they count to 2.105.
The insolvency index for the region is 0,63,
, while for the province it is 0,50.
Total Bankrupt companies in the province :
1.755.
Total Bankrupt companies in the region :
14.165.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.65 |
|
|
1 |
Rs.99.14 |
|
Euro |
1 |
Rs.77.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
|
|
|
|
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.