|
Report Date : |
09.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
TECNOIDEA IMPIANTI S.R.L. |
|
|
|
|
Registered Office : |
Via Beato Angelico, 15 20900 - Monza (MB) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
04.07.1984 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Manufacture of other general-purpose machinery |
|
|
|
|
No. of Employees : |
From 11 to 15 |
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 |
TECNOIDEA IMPIANTI
S.R.L.
Via Beato Angelico, 15
20900 - Monza (MB) -IT-
|
Fiscal Code |
: |
07488840153 |
|
Legal Form |
: |
Limited liability company |
|
Foundation Date |
: |
04/07/1984 |
|
Equity |
: |
1.500.000 |
|
Turnover Range |
: |
3.750.000/5.000.000 |
|
Number of Employees |
: |
from 11 to 15 |
Manufacture of other general-purpose machinery n.e.c.
Legal Form : Limited liability company
|
Fiscal Code : 07488840153 |
|
Chamber of Commerce no. : 1166126 of Monza e Brianza since 20/07/2007 |
|
Chamber of Commerce no. : 1166126 of Milano since 09/10/1984 |
|
V.A.T. Code : 00860760966 |
|
Foundation date |
: 04/07/1984 |
|
|
Establishment date |
: 04/07/1984 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 46.800 |
|
|
Subscribed Capital |
: 46.800 |
|
|
Paid up Capital |
: 46.800 |
|
|
Parolini |
Francesco |
|
|
Born in Milano |
(MI) |
on 03/03/1954 |
- Fiscal Code : PRLFNC54C03F205Z |
|
|
Residence: |
|
Re Umberto |
, 0027 |
- 20020 |
Lainate |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
16/02/1993 |
|
|
|
No Prejudicial events are reported |
|
No Protests registered |
|
Cassi |
Fernando |
|
|
Born in Pianello Val Tidone |
(PC) |
on 10/12/1951 |
- Fiscal Code : CSSFNN51T10G557O |
|
|
Residence: |
|
Gramsci |
, 0058 |
- 20090 |
Vimodrone |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
05/11/1993 |
|
|
|
No Prejudicial events are reported |
|
No Protests registered |
Companies connected to members *
*checkings have been performed on a national scale.
In this module the companies in which members hold/held positions are listed.
The Members of the subject firm are not reported to be Members in other companies.
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Parolini Francesco |
Lainate - IT - |
PRLFNC54C03F205Z |
23.400 .Eur |
50,00 |
|
Cassi Fernando |
Vimodrone - IT - |
CSSFNN51T10G557O |
23.400 .Eur |
50,00 |
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares Amount |
% Ownership |
since |
until |
Share Status |
|
Internazionale Marmi E Macchine - Carrar a S.p.a. |
Carrara - IT - |
00207170457 |
15.517 .Eur |
0,04 |
|
|
Active |
|
ABRA POMPE SRL |
Segrate - IT - |
10088440150 |
51.129 .Eur |
100,00 |
|
|
Active |
In order to carry out its activities the firm uses the following locations:
|
- |
Legal and operative seat |
|
|
|
|
|
|
|
Beato Angelico |
, 15 |
- 20052 |
- Monza |
(MB) |
- IT - |
|
|
|
|
PHONE |
: 0392020265 |
|
|
|
|
FAX |
: 0392023570 |
|
- |
Branch |
(Warehouse) |
since 01/08/2002 |
|
|
|
|
|
|
Tiepolo |
, 26 |
- 20090 |
- Segrate |
(MI) |
- IT - |
|
|
|
|
Employees |
: 14 |
|
Fittings and Equipment for a value of 280.000 |
Eur |
|
Stocks for a value of 870.000 |
Eur |
|
|
The firm operates abroad as exporter..
Export represents up to 20% of the global turnover.
Products abroad are placed by :
|
- direct orders from foreign companies |
Export is mainly towards:
|
- Gabon |
Historical Information and/or Firm's Status
|
Parolini |
Francesco |
|
|
Born in Milano |
(MI) |
on 03/03/1954 |
|
|
Residence: |
|
Re Umberto |
, 27 |
- 20020 |
Lainate |
(MI) |
- IT - |
|
Ex-Postions |
|
Chairman |
|
Cassi |
Fernando |
|
|
Born in Pianello Val Tidone |
(PC) |
on 10/12/1951 |
|
|
Residence: |
|
Gramsci |
, 58 |
- 20090 |
Vimodrone |
(MI) |
- IT - |
|
Ex-Postions |
|
Managing Director |
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
Subject is active since 1984
The eonomic-financial analysis is based on the latest 3 b/s.
During the last years, it achieved profits (r.o.e. 37,19% on 2012)
The operating result in 2012 was positive (10,67%) falling within the field's average.
The amount of the operating result for the year 2012 is of Eur. 395.200 showing a fall as opposed to the previous year (-35%).
The G.O.M. amounted to Eur. 473.444 with a -31,09% fall.
The company has an excellent net worth if compared to its debts, with a low indebtedness (0,71) but slighlty increasing.
The equity capital is equal to Eur. 1.339.184 on the same levels as the year before.
Total indebtedness totalled Eur. 1.773.659, while during the financial year 2011 the amount was equal to Eur. 1.380.843.
Available funds are good.
As far as the cash flow is concerned during the latest financial year it amounted to Eur. 576.313
Labour cost expenses amount to Eur. 822.247 , representing 19,68% on the total of production costs. , whereas the incidence of such costs on sales revenues is equal to 18,74%.
The financial management is positive as incomes are higher than the charges.
|
|
Complete balance-sheet for the year |
31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.386.787 |
|
Profit (Loss) for the period |
498.069 |
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.390.684 |
|
Profit (Loss) for the period |
470.250 |
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.313.349 |
|
Profit (Loss) for the period |
229.666 |
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 |
0,24 |
0,29 |
0,20 |
0,18 |
|
Elasticity Ratio |
Units |
0,75 |
0,70 |
0,80 |
0,79 |
|
Availability of stock |
Units |
0,24 |
0,27 |
0,24 |
0,21 |
|
Total Liquidity Ratio |
Units |
0,52 |
0,44 |
0,56 |
0,52 |
|
Quick Ratio |
Units |
0,22 |
0,21 |
0,30 |
0,03 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
0,71 |
0,58 |
0,82 |
3,01 |
|
Self Financing Ratio |
Units |
0,36 |
0,39 |
0,30 |
0,19 |
|
Capital protection Ratio |
Units |
0,59 |
0,58 |
0,76 |
0,66 |
|
Liabilities consolidation quotient |
Units |
0,15 |
0,20 |
0,15 |
0,16 |
|
Financing |
Units |
1,32 |
1,11 |
1,80 |
3,56 |
|
Permanent Indebtedness Ratio |
Units |
0,44 |
0,47 |
0,39 |
0,34 |
|
M/L term Debts Ratio |
Units |
0,07 |
0,09 |
0,08 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
0,69 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,81 |
1,66 |
1,97 |
1,65 |
|
Current ratio |
Units |
1,57 |
1,63 |
1,46 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,08 |
1,01 |
1,03 |
0,86 |
|
Structure's primary quotient |
Units |
1,50 |
1,36 |
1,55 |
1,02 |
|
Treasury's primary quotient |
Units |
0,47 |
0,48 |
0,54 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
276,65 |
257,56 |
329,46 |
509,92 |
|
Current Capital ( net ) |
Value |
1.006.759 |
867.839 |
965.454 |
330.495 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
13,14 |
10,19 |
5,89 |
3,79 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
37,19 |
37,89 |
19,62 |
6,70 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
50,70 |
57,61 |
34,72 |
18,82 |
|
Return on Investment ( R.O.I. ) |
% |
10,67 |
19,02 |
10,50 |
4,89 |
|
Return/ Sales |
% |
9,01 |
11,28 |
7,62 |
4,78 |
|
Extra Management revenues/charges incid. |
% |
126,03 |
77,33 |
56,71 |
29,96 |
|
Cash Flow |
Value |
576.313 |
549.307 |
312.698 |
165.166 |
|
Operating Profit |
Value |
395.200 |
608.082 |
404.972 |
225.594 |
|
Gross Operating Margin |
Value |
473.444 |
687.139 |
488.004 |
376.080 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
n.c. |
n.c. |
n.c. |
111,07 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
n.c. |
127,44 |
|
Average stock waiting period |
Days |
71,49 |
56,81 |
61,53 |
62,88 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,18 |
1,69 |
1,38 |
1,10 |
|
Rate of stock return |
Units |
5,04 |
6,34 |
5,85 |
5,58 |
|
Labour cost incidence |
% |
18,74 |
16,46 |
16,93 |
18,94 |
|
Net financial revenues/ charges incidence |
% |
4,16 |
2,00 |
0,07 |
-1,15 |
|
Labour cost on purchasing expenses |
% |
19,68 |
18,41 |
17,76 |
18,99 |
|
Short-term financing charges |
% |
0,04 |
0,01 |
n.c. |
2,55 |
|
Capital on hand |
% |
84,45 |
59,30 |
72,60 |
90,89 |
|
Sales pro employee |
Value |
175.471 |
199.654 |
189.762 |
199.007 |
|
Labour cost pro employee |
Value |
32.889 |
32.866 |
32.126 |
34.820 |
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 |
: |
9.393.092 |
|
Population living in the region |
: |
0 |
|
Number of families in the region |
: |
0 |
Monthly family expences average in the region (in .) :
|
- per food products |
: |
0 |
|
- per non food products |
: |
0 |
|
- per energy consume |
: |
0 |
The values are calculated on a base of 1.964 significant companies.
The companies cash their credits on an average of 111 dd.
The average duration of suppliers debts is about 127 dd.
The sector's profitability is on an average of 3,79%.
The labour cost affects the turnover in the measure of 18,94%.
Goods are held in stock in a range of 63 dd.
The difference between the sales volume and the resources used to realize it is about 1,10.
The employees costs represent the 18,99% of the production costs.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.24 |
|
|
1 |
Rs.102.17 |
|
Euro |
1 |
Rs.84.82 |
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.