MIRA
INFORM REPORT
|
Report Date : |
12.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
ORAZIO E GIUSEPPE
LE MURA S.R.L. |
|
|
|
|
Registered Office : |
Via 98035 - Giardini
Naxos (ME) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
24.01.1975 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
· Engaged in processing and preserving of fish, crustaceans and molluscs Engaged
in processing and preserving of fruit and vegetables Engaged
in wholesaling food, beverages and tobacco Engaged
in wholesaling fresh or conserved fruit and vegetables |
|
|
|
|
No of Employees : |
02 |
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 : |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 higher. 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 133% of GDP in 2013, but investor concerns about Italy and the broader euro-zone crisis eased in 2013, bringing down Italy's borrowing costs on sovereign government debt from euro-era. The government still faces pressure from investors and European partners to sustain its efforts to address Italy's long-standing structural impediments to growth, such as labor market inefficiencies and widespread tax evasion. In 2013 economic growth and labor market conditions deteriorated, with growth at -1.8% and unemployment rising to 12.4%, with youth unemployment around 40%. Italy's GDP is now 8% below its 2007 pre-crisis level.
|
Source : CIA |
Company name & address
Orazio E Giuseppe Le Mura S.r.l.
Via Naxos, 31
98035 - Giardini Naxos (ME) -IT-
Summary
|
Fiscal Code |
: |
00455490839 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
24/01/1975 |
|
Equity |
: |
65.000 |
|
Turnover Range |
: |
2.250.000/3.000.000 |
|
Number of Employees |
: |
02 |
Activity
· Engaged in processing and preserving of fish, crustaceans and molluscs
Engaged
in processing and preserving of fruit and vegetables
Engaged
in wholesaling food, beverages and tobacco
Engaged
in wholesaling fresh or conserved fruit and vegetables
Legal Data
Legal Form : Limited liability
company
|
Fiscal Code : 00455490839 |
|
Foreign Trade Reg. no. : ME002980 since
28/05/1996 |
|
Chamber of Commerce no. : 97861 of Messina
since 24/01/1975 |
|
V.A.T. Code : 00455490839 |
|
Foundation date |
: 24/01/1975 |
|
|
Establishment date |
: 02/01/1980 |
|
|
Start of Activities |
: 24/01/1975 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 51.646 |
|
|
Subscribed Capital |
: 51.646 |
|
|
Paid up Capital |
: 51.646 |
|
Members
|
|
Le Mura |
Orazio |
|
|
|
Born in Taormina |
(ME) |
on 11/10/1970 |
- Fiscal Code : LMRRZO70R11L042V |
|
|
|
Residence: |
|
Vittorio Emanuele |
, 136 |
- 98035 |
Giardini Naxos |
(ME) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
21/06/2008 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Le Mura |
Giuseppe |
|
|
|
Born in Taormina |
(ME) |
on 12/10/1965 |
- Fiscal Code : LMRGPP65R12L042Z |
|
|
|
Residence: |
|
Vittorio Emanuele |
, 136 |
- 98035 |
Giardini Naxos |
(ME) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
|
|
|
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.
Capital Shareholders
Shareholders' list
as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Le Mura Orazio |
Giardini Naxos - IT - |
LMRRZO70R11L042V |
51.646 .Eur |
100,00 |
|
Le Mura Giuseppe |
Giardini Naxos - IT - |
LMRGPP65R12L042Z |
51.646 .Eur |
100,00 |
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 |
|
|
|
|
|
|
|
Naxos |
, 31 |
- 98035 |
- Giardini Naxos |
(ME) |
- IT - |
|
|
|
|
Employees |
: 2 |
|
Fittings and Equipment for a value of
270.000 |
Eur |
|
Stocks for a value of 66.000 |
Eur |
|
Vehicles: 1. |
|
|
Historical Information and/or Firm's Status
CHANGES
TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
De facto company |
General partnership |
02/01/1980 |
COMPANY
STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
F.lli Le Mura S.d.f. |
|
02/01/1980 |
|
F.lli Le Mura Nunzio eamp; Francesco Snc |
|
19/12/1990 |
EX-MEMBERS
/ EX-POSITIONS:
|
|
Le Mura Nunzio |
|
|
|
|
Born in Giardini Naxos |
(ME) |
on 09/03/1926 |
- Fiscal Code : LMRNNZ26C09E014E |
|
|
|
Fiscal residence: |
|
Vittorio Emanuele |
, 136 |
- 98035 |
Giardini Naxos |
(ME) |
- IT - |
|
Ex-Postions |
|
Partner |
|
|
Le Mura |
Orazio |
|
|
|
Born in Taormina |
(ME) |
on 11/10/1970 |
- Fiscal Code : LMRRZO70R11L042V |
|
|
|
Residence: |
|
Vittorio Emanuele |
, 136 |
- 98035 |
Giardini Naxos |
(ME) |
- IT - |
|
Ex-Postions |
|
Partner |
|
Board Chairman |
|
|
Le Mura
Francesco |
|
|
|
|
Ex-Postions |
|
Partner |
|
|
Le Mura |
Giuseppe |
|
|
|
Born in Taormina |
(ME) |
on 12/10/1965 |
- Fiscal Code : LMRGPP65R12L042Z |
|
|
|
Residence: |
|
Vittorio Emanuele |
, 136 |
- 98035 |
Giardini Naxos |
(ME) |
- 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
Subject is active since 1975
An eco-fin analysis has been
made on the base od the b/s for the years 2010, 2011 and 2012.
Under the financial profile
unstable results are noted. anyway in 2012 a positive result was achieved
(r.o.e. 10,42%). In the last financial year an increase in the turnover has
been registered (+25,7%).
The operating result is
negative.
The operating result is negative
(Eur. -24.190).
During the latest financial year
the gross operating margin amounted to Eur. 18.037 recording a -53,08%
decrease.
Financial condition is not
balanced as own capitals do not cover debts, indebtedness level is in fact high
(19,08) which tends downward.
With regard to equity capital,
an amount of Eur. 60.514 is registered. , stable in comparison with the value
of the previous year.
Total indebtedness was equal to
Eur. 1.509.699 (Eur. 299.018 was the value of m/l term debts) , with a fall of
-22,8%.
Current liquid assets is
positive.
As far as the cash flow is
concerned during the latest financial year it amounted to Eur. 48.535
Labour cost amounts to Eur.
104.818, with a 4,12% incidence on production costs. , whereas the incidence of
such costs on sales revenues is equal to 4,17%.
The incidence percentage of
financial charges on sales volume is equal to -2,6%.
Financial Data
|
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.512.729 |
|
Profit (Loss) for the period |
6.308 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.998.887 |
|
Profit (Loss) for the period |
-56.680 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.974.916 |
|
Profit (Loss) for the period |
-45.432 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
0,07 |
0,17 |
0,15 |
0,13 |
|
Elasticity Ratio |
Units |
0,93 |
0,82 |
0,85 |
0,85 |
|
Availability of stock |
Units |
0,04 |
0,05 |
0,06 |
0,16 |
|
Total Liquidity Ratio |
Units |
0,89 |
0,77 |
0,79 |
0,62 |
|
Quick Ratio |
Units |
0,03 |
0,10 |
0,07 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
19,08 |
24,25 |
16,49 |
5,02 |
|
Self Financing Ratio |
Units |
0,04 |
0,03 |
0,05 |
0,13 |
|
Capital protection Ratio |
Units |
0,04 |
1,09 |
0,94 |
0,58 |
|
Liabilities consolidation quotient |
Units |
0,25 |
0,30 |
0,11 |
0,10 |
|
Financing |
Units |
24,95 |
36,08 |
19,79 |
6,17 |
|
Permanent Indebtedness Ratio |
Units |
0,23 |
0,25 |
0,14 |
0,25 |
|
M/L term Debts Ratio |
Units |
0,19 |
0,22 |
0,09 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
1,16 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
3,43 |
1,43 |
0,95 |
1,57 |
|
Current ratio |
Units |
1,24 |
1,12 |
1,01 |
1,09 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,18 |
1,05 |
0,94 |
0,85 |
|
Structure's primary quotient |
Units |
0,57 |
0,15 |
0,32 |
0,96 |
|
Treasury's primary quotient |
Units |
0,05 |
0,13 |
0,08 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
2669,00 |
3789,57 |
2121,11 |
743,68 |
|
Current Capital ( net ) |
Value |
289.875 |
181.385 |
11.375 |
70.465 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
1,93 |
-0,74 |
-0,43 |
1,66 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
10,42 |
-104,56 |
-40,97 |
6,68 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
89,59 |
-82,97 |
-31,57 |
19,39 |
|
Return on Investment ( R.O.I. ) |
% |
-1,50 |
-0,17 |
0,15 |
3,84 |
|
Return/ Sales |
% |
-0,96 |
-0,17 |
0,18 |
2,16 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
n.c. |
-1273,32 |
28,56 |
|
Cash Flow |
Value |
48.535 |
-14.795 |
-8.450 |
48.046 |
|
Operating Profit |
Value |
-24.190 |
-3.442 |
3.568 |
59.910 |
|
Gross Operating Margin |
Value |
18.037 |
38.443 |
40.550 |
99.701 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
n.c. |
n.c. |
n.c. |
86,56 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
n.c. |
100,32 |
|
Average stock waiting period |
Days |
9,48 |
19,09 |
25,53 |
31,97 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,56 |
0,97 |
0,84 |
1,82 |
|
Rate of stock return |
Units |
37,96 |
18,85 |
14,10 |
11,18 |
|
Labour cost incidence |
% |
4,17 |
8,72 |
8,69 |
5,95 |
|
Net financial revenues/ charges incidence |
% |
-2,60 |
-2,44 |
-2,31 |
-0,81 |
|
Labour cost on purchasing expenses |
% |
4,12 |
8,75 |
8,75 |
5,95 |
|
Short-term financing charges |
% |
4,55 |
2,83 |
2,21 |
2,18 |
|
Capital on hand |
% |
64,28 |
102,77 |
119,09 |
54,67 |
|
Sales pro employee |
Value |
837.576 |
399.777 |
394.983 |
507.074 |
|
Labour cost pro employee |
Value |
34.939 |
34.874 |
34.330 |
32.650 |
Market / Territory Data
|
Population living in the province |
: |
657.785 |
|
Population living in the region |
: |
5.013.081 |
|
Number of families in the region |
: |
1.842.252 |
Monthly family expenses average in the region (in Eur..) :
|
- per food products |
: |
425 |
|
- per non food products |
: |
1.256 |
|
- per energy consume |
: |
69 |
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
passes through serious crises.
The area is statistically
considered remarkably risky.
In the region 54.738 protested
subjects are found; in the province they count to 7.303.
The insolvency index for the
region is 1,09, , while for the province it is 1,11.
Total Bankrupt companies in the
province : 1.502.
Total Bankrupt companies in the
region : 14.491.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.19 |
|
UK Pound |
1 |
Rs.103.15 |
|
Euro |
1 |
Rs.81.87 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.