MIRA
INFORM REPORT
|
Report Date : |
15.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
MEDI - SOCIETA' A RESPONSABILITA' LIMITA TA |
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|
|
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Registered Office : |
Via Pallante, 22 LAVINIO, 00042 - Anzio (RM) |
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Country : |
Italy |
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|
Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
08.02.2000 |
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Com. Reg. No.: |
RM-2000-93113 of Roma since 14/04/2000 |
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|
Legal Form : |
Limited Liability Company |
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Line of Business : |
· Non-specialised wholesale of deep-frozen products Retail
sale of deep-frozen products |
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|
No. of Employees : |
from 26 to 35 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 |
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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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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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
Medi - Societa' A Responsabilita' Limita ta
Via Pallante, 22
LAVINIO
00042 - Anzio (RM) -IT-
Summary
|
Fiscal Code |
: |
05963011001 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
01/11/2000 |
|
Equity |
: |
125.000 |
|
Turnover Range |
: |
3.750.000/5.000.000 |
|
Number of Employees |
: |
from 26 to 35 |
Activity
Non-specialised wholesale of deep-frozen
products
Retail sale of deep-frozen products
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 05963011001 |
|
Foreign Trade Reg. no. : RM043005 since
22/12/2000 |
|
Chamber of Commerce no. : 943167 of Roma
since 12/04/2000 |
|
Chamber of Commerce no. : 143178 of Teramo |
|
Firms' Register : RM-2000-93113 of Roma
since 14/04/2000 |
|
V.A.T. Code : 05963011001 |
|
Establishment date |
: 08/02/2000 |
|
|
Start of Activities |
: 01/11/2000 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 10.200 |
|
|
Subscribed Capital |
: 10.200 |
|
|
Paid up Capital |
: 10.200 |
|
Members
|
|
Innamorato |
Vito Michele
Domenico |
|
|
|
Born in Carife |
(AV) |
on 04/08/1948 |
- Fiscal Code : NNMVMC48M04B776U |
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|
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Residence: |
|
Anzio |
, 15 |
- 00041 |
Albano Laziale |
(RM) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
25/10/2007 |
|
|
|
Person in charge |
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|
|
|
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No Prejudicial
events are reported |
|
|
No Protests
registered |
|
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Festante |
Lilia |
|
|
|
Born in Nettunia |
(RM) |
on 19/05/1940 |
- Fiscal Code : FSTLLI40E59F879I |
|
|
|
Residence: |
|
Xxi Aprile |
, 3/A |
- 00042 |
Anzio |
(RM) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
08/02/2000 |
|
|
|
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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.
|
|
Innamorato |
Vito Michele
Domenico |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Invito S.r.l. |
Anzio (RM) - IT - |
09722941003 |
Sole Director |
Active |
Registered |
|
|
Festante |
Lilia |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Bizzarre Di Regolanti E Festante S.n.c. |
Latina (LT) - IT - |
01297600593 |
Director |
Withdrawn |
Ceased |
|
L'arcolaio Di Festante Lilia E
ScatassaViviana - S.n.c. |
Anzio (RM) - IT - |
03715541003 |
Partner of unlimit.
partnership |
Withdrawn |
Ceased |
|
L'arcolaio Di Festante Lilia E
ScatassaViviana - S.n.c. |
Anzio (RM) - IT - |
03715541003 |
Liquidator |
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.
Capital Shareholders
Shareholders' list as at date of data
collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Innamorato Vito Michele Domenico |
Albano Laziale - IT - |
NNMVMC48M04B776U |
6.120 .Eur |
60,00 |
|
Innamorato Marioitalo |
|
NNMMTL58C18Z614C |
1.530 .Eur |
15,00 |
|
Festante Lilia |
Anzio - IT - |
FSTLLI40E59F879I |
2.550 .Eur |
25,00 |
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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Pallante |
, 22 |
- 00042 |
- Anzio |
(RM) |
- IT - |
|
- |
Branch |
(Factory) |
since 24/08/2007 |
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|
|
|
|
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Piane Tronto |
, 52 |
- 64010 |
- Controguerra |
(TE) |
- IT - |
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|
|
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Employees |
: 28 |
|
|
|
|
Assistants |
: 1 |
|
Fittings and Equipment for a value of 140.000 |
Eur |
|
Stocks for a value of 2.300.000 |
Eur |
|
|
Historical Information and/or Firm's Status
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 DEL LAZIO SCRL |
FILIALE DI ANZIO |
VIA ALDOBRANDINI, 23 |
00042 |
Anzio (RM) |
5104 |
38890 |
Financial and Economical Analysis
Company's starting of activities dates back
to 2000.
The economic-financial analysis has been
made on the base of the b/s of the latests three years.
Under an economic point of view, profits
were registered during the last years with a r.o.e. of 26,16% in 2012
The return on investment in the last
financial year was negative (-1,01%).
The amount of the operating loss for 2012 is
equal to Eur. -40.508.
It has been registered a negative gross
operating margin value of (Eur. -20.648).
Short-term debts volume if compared to net
worth, as it comes out from the total indebtedness (24,02) which tends
downward.
With regard to equity capital, an amount of
Eur. 100.810 is registered. , with an upward trend.
During the last financial year debts
totalled Eur. 3.706.593 (Eur. 1.230.045 of which were m/l term debts) showing a
stable trend as opposed to 2011 (Eur. 3.938.535).
Available funds are good.
The financial management generated a cash
flow of Eur. 46.235.
Labour cost expenses amount to Eur. 707.499
, representing 13,21% on the total of production costs. , whereas the incidence
of such costs on sales revenues is equal to 14,33%.
High incidence of financial charges on
turnover.
Financial
Data
|
|
|
Complete balance-sheet for the year |
31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.938.434 |
|
Profit (Loss) for the period |
26.375 |
|
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.459.825 |
|
Profit (Loss) for the period |
377 |
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.749.452 |
|
Profit (Loss) for the period |
32.599 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.915.272 |
|
Profit (Loss) for the period |
13.612 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.077.776 |
|
Profit (Loss) for the period |
13.262 |
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 |
0,01 |
n.c. |
n.c. |
0,13 |
|
Elasticity Ratio |
Units |
0,99 |
1,04 |
1,08 |
0,85 |
|
Availability of stock |
Units |
0,57 |
0,50 |
0,38 |
0,16 |
|
Total Liquidity Ratio |
Units |
0,42 |
0,54 |
0,70 |
0,62 |
|
Quick Ratio |
Units |
0,01 |
0,07 |
0,11 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
24,02 |
33,20 |
30,66 |
5,02 |
|
Self Financing Ratio |
Units |
0,03 |
0,02 |
0,02 |
0,13 |
|
Capital protection Ratio |
Units |
0,64 |
0,86 |
0,42 |
0,58 |
|
Liabilities consolidation quotient |
Units |
0,55 |
0,46 |
0,23 |
0,10 |
|
Financing |
Units |
36,77 |
52,91 |
42,94 |
6,17 |
|
Permanent Indebtedness Ratio |
Units |
0,37 |
0,33 |
0,21 |
0,25 |
|
M/L term Debts Ratio |
Units |
0,34 |
0,31 |
0,18 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
31,44 |
12,65 |
1,16 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
66,24 |
n.c. |
n.c. |
1,57 |
|
Current ratio |
Units |
1,60 |
1,55 |
1,36 |
1,09 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,68 |
0,81 |
0,89 |
0,85 |
|
Structure's primary quotient |
Units |
4,53 |
n.c. |
n.c. |
0,96 |
|
Treasury's primary quotient |
Units |
0,02 |
0,11 |
0,14 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
3963,22 |
5539,53 |
4489,35 |
743,68 |
|
Current Capital ( net ) |
Value |
1.495.035 |
1.509.837 |
959.251 |
70.465 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
0,94 |
0,50 |
7,43 |
1,66 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
26,16 |
0,51 |
44,02 |
6,68 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
48,01 |
44,69 |
108,68 |
19,39 |
|
Return on Investment ( R.O.I. ) |
% |
-1,01 |
2,67 |
4,09 |
3,84 |
|
Return/ Sales |
% |
-0,82 |
2,01 |
2,36 |
2,16 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
0,34 |
23,99 |
28,56 |
|
Cash Flow |
Value |
46.235 |
27.287 |
426.992 |
48.046 |
|
Operating Profit |
Value |
-40.508 |
109.968 |
135.862 |
59.910 |
|
Gross Operating Margin |
Value |
-20.648 |
136.878 |
530.255 |
99.701 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
n.c. |
119,49 |
119,83 |
86,56 |
|
Debts to suppliers average term |
Days |
n.c. |
82,16 |
95,78 |
100,32 |
|
Average stock waiting period |
Days |
167,30 |
134,96 |
78,90 |
31,97 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,24 |
1,32 |
1,73 |
1,82 |
|
Rate of stock return |
Units |
2,15 |
2,67 |
4,56 |
11,18 |
|
Labour cost incidence |
% |
14,33 |
12,04 |
11,37 |
5,95 |
|
Net financial revenues/ charges incidence |
% |
-2,34 |
0,16 |
-1,01 |
-0,81 |
|
Labour cost on purchasing expenses |
% |
13,21 |
10,85 |
12,22 |
5,95 |
|
Short-term financing charges |
% |
3,19 |
n.c. |
1,82 |
2,18 |
|
Capital on hand |
% |
80,90 |
75,52 |
57,83 |
54,67 |
|
Sales pro employee |
Value |
224.474 |
272.991 |
287.472 |
507.074 |
|
Labour cost pro employee |
Value |
32.159 |
32.855 |
32.671 |
32.650 |
Market / Territory Data
|
Population living in the province |
: |
3.807.992 |
|
Population living in the region |
: |
5.269.972 |
|
Number of families in the region |
: |
2.091.220 |
Monthly family expenses average in the
region (in Eur..) :
|
- per food products |
: |
472 |
|
- per non food products |
: |
1.832 |
|
- per energy consume |
: |
102 |
Sector Data
The values are calculated on a base of 5.101
significant companies.
The companies cash their credits on an
average of 87 dd.
The average duration of suppliers debts is
about 100 dd.
The sector's profitability is on an average
of 1,66%.
The labour cost affects the turnover in the
measure of 5,95%.
Goods are held in stock in a range of 32 dd.
The difference between the sales volume and
the resources used to realize it is about 1,82.
The employees costs represent the 5,95% of
the production costs.
Statistical Detrimental Data
Statistically the trade activity shows
periods of crisis.
The area is statistically considered
moderately risky.
In the region 53.924 protested subjects are
found; in the province they count to 34.465.
The insolvency index for the region is 1,04,
, while for the province it is 0,92.
Total Bankrupt companies in the province :
31.914.
Total Bankrupt companies in the region :
37.442.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.52 |
|
UK Pound |
1 |
Rs.101.48 |
|
Euro |
1 |
Rs.84.11 |
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.