MIRA INFORM REPORT
|
Report Date : |
20.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
TENSACCIAI S.R.L. |
|
|
|
|
Registered Office : |
Via Pordenone, 8, 20132 – Milano
(MI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
25.07.2011 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of metal structures and
structure parts |
|
|
|
|
No. of Employees : |
from 36 to 50 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 |
Company
name & address
Tensacciai S.r.l.
Via Pordenone, 8
20132 - Milano (MI) -IT-
Summary
|
Fiscal Code |
: |
07526120964 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
30/09/2011 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
7.750.000/9.000.000 |
|
Number of Employees |
: |
from 36 to 50 |
Activity
Manufacture of metal structures and
structure parts
Legal
Data
Legal Form : Limited liability company
|
Fiscal Code : 07526120964 |
|
Chamber of Commerce no. : 1964725 of
Milano since 27/07/2011 |
|
Chamber of Commerce no. : 1315806 of Roma |
|
Chamber of Commerce no. : 285612 of Udine |
|
V.A.T. Code : 07526120964 |
|
Establishment date |
: 25/07/2011 |
|
|
Start of Activities |
: 30/09/2011 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 100.000 |
|
|
Subscribed Capital |
: 100.000 |
|
|
Paid up Capital |
: 100.000 |
Members
|
Rovera Rovera |
Alessandro |
|
Born in Massa Marittima |
(GR) |
on 02/10/1954 |
- Fiscal Code : RVRLSN54R02F032N |
|
Residence: |
G. Marconi |
, 19 |
- 33010 |
Magnano in Riviera |
(UD) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
18/04/2013 |
||
|
Managing Director |
18/04/2013 |
|
No Prejudicial
events are reported |
|
No Protests
registered |
|
Pontiggia |
Riccardo Umberto |
|
Born in Milano |
(MI) |
on 27/10/1967 |
- Fiscal Code : PNTRCR67R27F205L |
|
Residence: |
Dell'usignolo |
, 1 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
15/03/2013 |
|
No Prejudicial
events are reported |
|
No Protests
registered |
|
Neri |
Marco |
|
Born in Milano |
(MI) |
on 21/01/1969 |
- Fiscal Code : NREMRC69A21F205O |
|
Residence: |
Cola Di Rienzo |
, 45 |
- 20144 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
01/08/2012 |
|
Prejudicial
Events found with cancellations* |
Legal Mortgage - 26/09/2006. -
6.820 Euro. Event writing-off
|
ESATRI ESAZIONE TRIBUTI S. P. A. |
|
No Protests
registered |
|
Laureati |
Paolo |
|
Born in Udine |
(UD) |
on 09/10/1958 |
- Fiscal Code : LRTPLA58R09L483J |
|
Residence: |
Venezia |
, 52/2 |
- 33100 |
Udine |
(UD) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
26/09/2013 |
|
No Prejudicial events
are reported |
|
No Protests
registered |
|
Ciccone |
Tommaso |
|
Born in Milano |
(MI) |
on 05/04/1974 |
- Fiscal Code : CCCTMS74D05F205B |
|
Residence: |
Roma |
, 3 |
- 20090 |
Segrate |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Responsible technician |
10/11/2011 |
|
De Eccher |
Riccardo |
|
Born in Udine |
(UD) |
on 21/11/1986 |
- Fiscal Code : DCCRCR86S21L483X |
|
Residence: |
Venti Settembre |
, 24 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
18/04/2013 |
||
|
Director |
18/04/2013 |
|
No Prejudicial
events are reported |
|
No Protests
registered |
|
Lazzari |
Francesco |
|
Born in Treviso |
(TV) |
on 05/01/1952 |
- Fiscal Code : LZZFNC52A05L407P |
|
Residence: |
Bezzecca |
, 121/1 |
- 33100 |
Udine |
(UD) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
18/04/2013 |
||
|
Managing Director |
18/04/2013 |
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
*Concerns also partially erased events.
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.
|
Rovera Rovera |
Alessandro |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Consulit - Societa A Responsabilita
Limitata |
Roma (RM) - IT - |
06967950582 |
Sole Director |
Withdrawn |
Registered |
|
Deal Srl |
Pozzuolo del Friuli (UD) - IT - |
00970820304 |
Managing
Director |
Active |
Registered |
|
Deal Srl |
Pozzuolo del Friuli (UD) - IT - |
00970820304 |
Director |
Active |
Registered |
|
DE ECCHER ALGA COMBINED TECHNOLOGIES
S.R.L. ABBREVIABILE IN "DEAL S.R.L." |
Udine (UD) - IT - |
01874510306 |
Procurator |
Withdrawn |
Registered |
|
De Eccher |
Riccardo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Rizzani De Eccher S.p.a. |
Pozzuolo del Friuli (UD) - IT - |
00167700301 |
Director |
Active |
Registered |
|
Lazzari |
Francesco |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Deal Srl |
Pozzuolo del Friuli (UD) - IT - |
00970820304 |
Responsible |
Active |
Registered |
|
Deal Srl |
Pozzuolo del Friuli (UD) - IT - |
00970820304 |
Attorney with
special power |
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 |
|
Deal Srl |
00970820304 |
95.000 .Eur |
95,00 |
|
|
Rizzani De Eccher S.p.a. |
00167700301 |
5.000 .Eur |
5,00 |
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 |
|
Pordenone |
, 8 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
- |
Branch |
since 13/10/2011 |
|
Xxv Aprile |
, 8 |
- 20016 |
- Pero |
(MI) |
- IT - |
|
- |
Branch |
since 15/11/2011 |
|
Rua Eng. Frederico Ulrich |
, 3210 - 3 |
- Moreira Da Maia |
- IT - |
|
- |
Branch |
(Store) |
since 01/12/2013 |
|
Per Vighignolo |
, 8 |
- 20019 |
- Settimo Milanese |
(MI) |
- IT - |
|
- |
Branch |
since 13/10/2011 |
|
Parioli |
, 44 |
- 00100 |
- Roma |
(RM) |
- IT - |
|
- |
Branch |
since 01/10/2013 |
|
Buttrio |
, 36 |
- 33050 |
- Pozzuolo del Friuli |
(UD) |
- IT - |
|
Employees |
: 37 |
|
Fittings and Equipment for a value of
440.000 |
Eur |
|
Stocks for a value of 1.510.000 |
Eur |
|
Work in progress for a value of 190.000 |
Eur |
Historical Information and/or Firm's Status
EX-MEMBERS /
EX-POSITIONS:
|
De Eccher |
Marco |
|
Born in Bolzano |
(BZ) |
on 17/11/1957 |
- Fiscal Code : DCCMRC57S17A952N |
|
Residence: |
Prefettura |
, 25/B |
- 33100 |
Udine |
(UD) |
- IT - |
|
Ex-Postions |
|
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
Company's starting of activities dates back
to some years ago (2011).
The economic-financial analysis has been
made on the base of the latest 2 balance sheets.
During the last years, net losses were
registered; in 2012 r.o.e. is -54,01%.
The operating result is negative.
The operating loss is equal to Eur.
-1.537.625.
It has been registered a negative gross
operating margin value of (Eur. -1.266.343).
The analysis shows a fair financial position
as the indebtedness volume is acceptable (1,99) and decreasing as against 2011.
The management generated equity capital for
an amount of Eur. 2.774.990 , with an upward trend.
Total indebtedness was equal to Eur.
6.985.157 (Eur. 457.143 was the value of m/l term debts) on the same levels as
the year before.
Financial indebdtedness is under control
whereas debts to suppliers are frequent however still within the sector's
average.
Liquidity is however good.
As far as the collection of credit goes, the
average is high (241,35 days). even if compared to the average of the sector.
(Eur. -1.227.369) is the negative value of
the cash flow.
During 2012 financial year labour costs
amounted to Eur. 2.794.037, with a 25,82% incidence on production costs. ,
whereas 32,88% is the incidence on sales revenues.
The incidence of the financial charges is of
-1,32% on the sales amount.
Financial
Data
|
|
Complete balance-sheet for the year |
31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
8.497.308 |
|
Profit (Loss) for the period |
-1.498.651 |
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.995.743 |
|
Profit (Loss) for the period |
-76.263 |
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 |
|
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|
|
RATIOS |
Value
Type |
as at 31/12/2012 |
as at 31/12/2011 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
||||
|
Rigidity Ratio |
Units |
0,09 |
0,11 |
0,20 |
|
Elasticity Ratio |
Units |
0,91 |
0,88 |
0,77 |
|
Availability of stock |
Units |
0,15 |
0,13 |
0,15 |
|
Total Liquidity Ratio |
Units |
0,76 |
0,76 |
0,55 |
|
Quick Ratio |
Units |
0,10 |
0,09 |
0,03 |
|
COMPOSITION ON
SOURCE |
||||
|
Net Short-term indebtedness |
Units |
1,99 |
2,77 |
4,09 |
|
Self Financing Ratio |
Units |
0,27 |
0,21 |
0,15 |
|
Capital protection Ratio |
Units |
1,50 |
0,99 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,13 |
0,17 |
0,16 |
|
Financing |
Units |
2,52 |
3,54 |
5,11 |
|
Permanent Indebtedness Ratio |
Units |
0,36 |
0,32 |
0,31 |
|
M/L term Debts Ratio |
Units |
0,08 |
0,11 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
0,29 |
n.c. |
1,01 |
|
CORRELATION |
||||
|
Fixed assets ratio |
Units |
3,83 |
3,02 |
1,34 |
|
Current ratio |
Units |
1,41 |
1,33 |
1,09 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,18 |
1,14 |
0,85 |
|
Structure's primary quotient |
Units |
2,94 |
1,97 |
0,75 |
|
Treasury's primary quotient |
Units |
0,16 |
0,13 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
366,56 |
480,74 |
660,68 |
|
Current Capital ( net ) |
Value |
2.679.886 |
1.864.857 |
80.037 |
|
RETURN |
||||
|
Return on Sales |
% |
-14,44 |
1,72 |
3,45 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-54,01 |
-4,30 |
7,93 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-67,72 |
-4,15 |
23,28 |
|
Return on Investment ( R.O.I. ) |
% |
-15,12 |
-0,30 |
4,91 |
|
Return/ Sales |
% |
-18,10 |
-1,29 |
4,60 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
n.c. |
26,08 |
|
Cash Flow |
Value |
-1.227.369 |
34.415 |
67.440 |
|
Operating Profit |
Value |
-1.537.625 |
-25.781 |
88.577 |
|
Gross Operating Margin |
Value |
-1.266.343 |
84.897 |
150.352 |
|
MANAGEMENT |
||||
|
Credits to clients average term |
Days |
241,35 |
n.c. |
126,77 |
|
Debts to suppliers average term |
Days |
159,93 |
n.c. |
141,48 |
|
Average stock waiting period |
Days |
63,85 |
195,96 |
45,00 |
|
Rate of capital employed return ( Turnover
) |
Units |
0,84 |
0,23 |
1,12 |
|
Rate of stock return |
Units |
5,64 |
1,84 |
7,83 |
|
Labour cost incidence |
% |
32,88 |
34,82 |
20,16 |
|
Net financial revenues/ charges incidence |
% |
-1,32 |
-2,15 |
-1,63 |
|
Labour cost on purchasing expenses |
% |
25,82 |
34,02 |
20,64 |
|
Short-term financing charges |
% |
1,75 |
0,69 |
2,63 |
|
Capital on hand |
% |
119,71 |
427,24 |
89,16 |
|
Sales pro employee |
Value |
173.414 |
95.035 |
163.688 |
|
Labour cost pro employee |
Value |
57.021 |
33.091 |
32.486 |
Market
/ Territory Data
|
Population living in the province |
: |
3.839.216 |
|
Population living in the region |
: |
9.393.092 |
|
Number of families in the region |
: |
3.858.736 |
Monthly family expenses average in the region
(in Eur..) :
|
- per food products |
: |
460 |
|
- per non food products |
: |
2.090 |
|
- per energy consume |
: |
114 |
Sector
Data
The values are calculated on a base of 3.053
significant companies.
The companies cash their credits on an average
of 127 dd.
The average duration of suppliers debts is
about 141 dd.
The sector's profitability is on an average
of 3,45%.
The labour cost affects the turnover in the
measure of 20,16%.
Goods are held in stock in a range of 45 dd.
The difference between the sales volume and
the resources used to realize it is about 1,12.
The employees costs represent the 20,64% 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 50.886 protested subjects are
found; in the province they count to 24.765.
The insolvency index for the region is 0,55,
, while for the province it is 0,66.
Total Bankrupt companies in the province :
22.523.
Total Bankrupt companies in the region :
39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.12 |
|
UK Pound |
1 |
Rs.103.93 |
|
Euro |
1 |
Rs.85.17 |
INFORMATION DETAILS
|
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.