|
Report Date : |
08.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
CAMERUCCI S.R.L. |
|
|
|
|
Registered Office : |
Via Leopardi, 13 10095 - Grugliasco (TO) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
16.09.1980 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
· Manufacture of other technical and industrial textiles · Various manufacture and accessories for apparel |
|
|
|
|
No. of Employees : |
From 6 to 10 |
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 |
|
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
ITALY - ECONOMIC OVERVIEW
Italy has a diversified industrial economy, which is divided into a developed industrial north, dominated by private companies, and a less-developed, highly subsidized, agricultural south, where unemployment is high. The Italian economy is driven in large part by the manufacture of high-quality consumer goods produced by small and medium-sized enterprises, many of them family-owned. Italy also has a sizable underground economy, which by some estimates accounts for as much as 17% of GDP. These activities are most common within the agriculture, construction, and service sectors. Italy is the third-largest economy in the euro-zone, but its exceptionally high public debt and structural impediments to growth have rendered it vulnerable to scrutiny by financial markets. Public debt has increased steadily since 2007, topping 126% of GDP in 2012, and investor concerns about the broader euro-zone crisis at times have caused borrowing costs on sovereign government debt to rise to euro-era. During the second half of 2011 the government passed three austerity packages to reduce its budget deficit and help bring down borrowing costs. These measures included a hike in the value-added tax, pension reforms, and cuts to public administration. The government also faces pressure from investors and European partners to sustain its recent efforts to address Italy's long-standing structural impediments to growth, such as labor market inefficiencies and widespread tax evasion. In 2012 economic growth and labor market conditions deteriorated, with growth at -2.3% and unemployment rising to nearly 11%, with youth unemployment around 35%. The government has undertaken several reform initiatives designed to increase long-term economic growth. Italy's GDP is now 7% below its 2007 pre-crisis level
|
Source
: CIA |
CAMERUCCI S.R.L.
Via Leopardi, 13
10095 - Grugliasco (TO) -IT-
|
Fiscal Code |
: |
02682240011 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
16/09/1980 |
|
Equity |
: |
750.000 |
|
Turnover Range |
: |
1.500.000/2.000.000 |
|
Number of Employees |
: |
fom 6 to 10 |
Manufacture of other technical and industrial textiles
Various manufacture and accessories for apparel
Legal Form : Limited liability company
|
Fiscal Code : 02682240011 |
|
Foreign Trade Reg. no. : TO051895 since 20/07/1993 |
|
Chamber of Commerce no. : 581843 of Torino since 02/10/1980 |
|
V.A.T. Code : 02682240011 |
|
Establishment date |
: 16/09/1980 |
|
|
Start of Activities |
: 16/09/1980 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 10.400 |
|
|
Subscribed Capital |
: 10.400 |
|
|
Paid up Capital |
: 10.400 |
|
|
Cammerucci |
Gian Franco |
|
|
Born in Torino |
(TO) |
on 15/10/1944 |
- Fiscal Code : CMMGFR44R15L219O |
|
|
Residence: |
|
Unione Sovietica |
, 256/3 |
- 10100 |
Torino |
(TO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
07/02/2011 |
|
|
|
Board Chairman |
07/02/2011 |
|
|
|
No Prejudicial events are reported |
|
No Protests registered |
|
Cammerucci |
Carlo |
|
|
Born in Torino |
(TO) |
on 04/08/1952 |
- Fiscal Code : CMMCRL52M04L219G |
|
|
Residence: |
|
Re Umberto |
, 57 |
- 10100 |
Torino |
(TO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
07/02/2011 |
|
|
|
Managing Director |
07/02/2011 |
|
|
|
No Prejudicial events are reported |
|
No Protests registered |
|
Parise |
Massimiliano |
|
|
Born in Carignano |
(TO) |
on 06/07/1966 |
- Fiscal Code : PRSMSM66L06B777U |
|
|
Residence: |
|
Gavuzzi |
, 19/21 |
- 10048 |
Vinovo |
(TO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
07/02/2011 |
|
|
checkings have been performed on a national scale.
In this module are listed the companies in which members hold or have holded positions.
|
Cammerucci |
Gian Franco |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
S.t.m. - Sviluppo Tradizioni Manifatturiere - S.r.l. Siglabile S.t.m. S.r.l. |
Grugliasco (TO) - IT - |
07863160011 |
Liquidator |
Withdrawn |
Ceased |
|
Cammerucci Gian Franco |
Torino (TO) - IT - |
CMMGFR44R15L219O |
Proprietor |
Withdrawn |
Ceased |
|
Im.ca S.n.c. Di Carlo E Gianfranco Cammerucci |
Torino (TO) - IT - |
06370910017 |
Partner of unlimit. partnership |
Active |
Registered |
|
Co.pol. S.a.s. Di Lippolis Armando E C. |
Torino (TO) - IT - |
06481300017 |
Limited Partner |
Withdrawn |
Ceased |
|
Mil*leasing Societa' Per Azioni |
Torino (TO) - IT - |
04527590014 |
Director |
Withdrawn |
Ceased |
|
Cammerucci |
Carlo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Im.ca S.n.c. Di Carlo E Gianfranco Cammerucci |
Torino (TO) - IT - |
06370910017 |
Partner of unlimit. partnership |
Active |
Registered |
|
Cammerucci Carlo |
Torino (TO) - IT - |
CMMCRL52M04L219G |
Proprietor |
Withdrawn |
Ceased |
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.
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Cammerucci Gian Franco |
Torino - IT - |
CMMGFR44R15L219O |
4.680 .Eur |
45,00 |
|
Cammerucci Carlo |
Torino - IT - |
CMMCRL52M04L219G |
4.680 .Eur |
45,00 |
|
Parise Massimiliano |
Vinovo - IT - |
PRSMSM66L06B777U |
1.040 .Eur |
10,00 |
The Company under review has no participations in other Companies.
In order to carry out its activities the firm uses the following locations:
|
- |
Legal and operative seat |
|
|
|
|
|
|
|
Leopardi |
, 13 |
- 10095 |
- Grugliasco |
(TO) |
- IT - |
|
|
|
|
PHONE |
: 011778148 |
|
|
|
|
PHONE |
: 0117708148 |
|
|
|
|
FAX |
: 0117707227 |
|
|
|
|
Employees |
: 7 |
|
Fittings and Equipment for a value of 54.000 |
Eur |
|
Stocks for a value of 33.000 |
Eur |
|
|
Protests checking on the subject firm has given a negative result.
Search performed on a National Scale
|
|
Prejudicial Events Search Result: NEGATIVE |
Search performed on a specialized data base.
None reported, standing to the latest received edition of the Official Publications.
The firm operates with:
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
SANPAOLO IMI S.P.A. FUS. INTESA SAN PAO |
AG. DI GRUGLIASCO |
VIALE GRAMSCI 78/80 |
10095 |
Grugliasco (TO) |
1025 |
30530 |
Subject is active since 1980
Balance sheets for the years 2010, 2011 and 2012 were analyzed.
Under an economic point of view, profits were registered during the last years with a r.o.e. of 52,07% in 2012 with a remarkable upward trend (+10,65% on 2012 compared to 2011 and +56,54% on 2011 compared to 2010).
The operating result was positive in the last financial year (39,56%) and is higher than the sector's average.
The amount of the operating result for the year 2012 is of Eur. 410.570 with an increase of 70,51% if the compared to the previous financial year.
The economic management produced a gross operating margin of Eur. 472.067 showing a 80,39% growth.
Very good financial situation: shareholder's equity covers short-terms debts with an indebtedness level equal to 0,2 improved in comparison with the year before (1,76.).
The management generated equity capital for an amount of Eur. 527.395 with a growth of 108,65% in 2012.
The financial management has recorded total debts amounting to Eur. 437.661, , decreasing if compared to 2011 (-34,72%).
The company does not exceed in bank borrowings; the recourse to suppliers' credit is also limited below the sector's average.
The management determines a good range of liquidity.
As to due from customers, the average terms are 74,07 days. , a better value than the sector's average.
The financial management generated a cash flow of Eur. 311.134.
In the last financial year labour cost was of Eur. 96.713, with a 6,63% incidence on total costs of production. , whereas the incidence on sales revenues is of 5,09%.
Limited financial charges in relation to sales volume.
|
|
Complete balance-sheet for the year |
31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.899.009 |
|
Profit (Loss) for the period |
274.637 |
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.716.141 |
|
Profit (Loss) for the period |
146.199 |
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.096.264 |
|
Profit (Loss) for the period |
54.494 |
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
675.013 |
|
Profit (Loss) for the period |
11.448 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
0,01 |
0,01 |
0,00 |
0,14 |
|
Elasticity Ratio |
Units |
0,99 |
0,99 |
1,00 |
0,84 |
|
Availability of stock |
Units |
0,03 |
0,07 |
0,12 |
0,24 |
|
Total Liquidity Ratio |
Units |
0,96 |
0,93 |
0,88 |
0,53 |
|
Quick Ratio |
Units |
0,32 |
0,23 |
0,04 |
0,03 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
0,20 |
1,76 |
5,11 |
3,78 |
|
Self Financing Ratio |
Units |
0,51 |
0,26 |
0,15 |
0,17 |
|
Capital protection Ratio |
Units |
0,46 |
0,38 |
0,39 |
0,66 |
|
Liabilities consolidation quotient |
Units |
0,07 |
0,04 |
0,04 |
0,14 |
|
Financing |
Units |
0,83 |
2,65 |
5,35 |
4,55 |
|
Permanent Indebtedness Ratio |
Units |
0,54 |
0,29 |
0,18 |
0,33 |
|
M/L term Debts Ratio |
Units |
0,03 |
0,03 |
0,03 |
0,09 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
0,00 |
1,26 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
60,30 |
34,77 |
51,19 |
1,87 |
|
Current ratio |
Units |
2,35 |
1,43 |
1,22 |
1,17 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
2,28 |
1,33 |
1,08 |
0,79 |
|
Structure's primary quotient |
Units |
57,10 |
31,56 |
43,09 |
1,13 |
|
Treasury's primary quotient |
Units |
0,76 |
0,34 |
0,05 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
196,76 |
382,17 |
655,44 |
587,75 |
|
Current Capital ( net ) |
Value |
590.653 |
287.425 |
125.202 |
209.248 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
16,38 |
8,86 |
5,60 |
2,26 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
52,07 |
57,84 |
51,14 |
3,48 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
78,27 |
91,32 |
83,40 |
12,19 |
|
Return on Investment ( R.O.I. ) |
% |
39,56 |
24,93 |
14,07 |
3,83 |
|
Return/ Sales |
% |
21,62 |
14,03 |
8,96 |
3,45 |
|
Extra Management revenues/charges incid. |
% |
66,89 |
60,72 |
55,47 |
20,46 |
|
Cash Flow |
Value |
311.134 |
152.109 |
61.364 |
50.400 |
|
Operating Profit |
Value |
410.570 |
240.781 |
98.247 |
68.610 |
|
Gross Operating Margin |
Value |
472.067 |
261.691 |
105.117 |
124.742 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
74,07 |
58,69 |
68,13 |
120,68 |
|
Debts to suppliers average term |
Days |
37,37 |
62,60 |
72,29 |
115,81 |
|
Average stock waiting period |
Days |
6,16 |
13,48 |
26,68 |
78,40 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,83 |
1,78 |
1,57 |
1,14 |
|
Rate of stock return |
Units |
58,40 |
26,70 |
13,49 |
4,57 |
|
Labour cost incidence |
% |
5,09 |
5,37 |
8,08 |
12,27 |
|
Net financial revenues/ charges incidence |
% |
-0,21 |
-0,58 |
-0,86 |
-1,84 |
|
Labour cost on purchasing expenses |
% |
6,63 |
6,26 |
8,75 |
12,16 |
|
Short-term financing charges |
% |
1,25 |
1,60 |
1,70 |
3,35 |
|
Capital on hand |
% |
54,65 |
56,29 |
63,71 |
87,41 |
|
Sales pro employee |
Value |
379.801 |
214.517 |
274.066 |
245.343 |
|
Labour cost pro employee |
Value |
19.342 |
11.512 |
22.152 |
32.046 |
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.
|
Population living in the province |
: |
2.236.941 |
|
Population living in the region |
: |
4.330.172 |
|
Number of families in the region |
: |
1.889.207 |
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
429 |
|
- per non food products |
: |
1.789 |
|
- per energy consume |
: |
135 |
The values are calculated on a base of 864 significant companies.
The companies cash their credits on an average of 121 dd.
The average duration of suppliers debts is about 116 dd.
The sector's profitability is on an average of 2,26%.
The labour cost affects the turnover in the measure of 12,27%.
Goods are held in stock in a range of 78 dd.
The difference between the sales volume and the resources used to realize it is about 1,14.
The employees costs represent the 12,16% of the production costs.
Statistically the trade activity passes through serious 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.62.32 |
|
|
1 |
Rs.101.78 |
|
Euro |
1 |
Rs.84.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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.