MIRA
INFORM REPORT
|
Report Date : |
14.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
LEPORE MARE S.R.L. |
|
|
|
|
Registered Office : |
Via Dell'agricoltura, 22/24, 72015- Fasano (BR) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
21.03.1996 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
· Processing and preserving of fish, crustaceans and molluscs · Wholesale of food, beverages and tobacco · Wholesale of freshly fished products |
|
|
|
|
No of Employees : |
from 71 to 90 |
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 – 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
|
Lepore Mare
S.r.l. |
|
Via |
Dell'agricoltura, |
22/24 |
|
72015 |
- Fasano |
(BR) |
-IT- |
Summary
|
Fiscal Code |
: |
01698060744 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
21/03/1996 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
50.000.000/75.000.000 |
|
Number of Employees |
: |
from 71 to 90 |
Activity
Processing and preserving of fish, crustaceans and molluscs
Wholesale of food, beverages and tobacco
Wholesale of freshly fished products
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 01698060744 |
|
Municipal Licence : 63 of since 19/06/2002 |
|
Foreign Trade Reg. no. : BR003465 since 07/05/1996 |
|
Foreign Trade Reg. no. : 3465 of Brindisi since 07/05/1996 |
|
Foreign Trade Reg. no. : 003465 of Brindisi since 07/05/1996 |
|
Chamber of Commerce no. : 74828 of Brindisi since 12/02/1996 |
|
Firms' Register : BR001-8284 of Brindisi since 19/02/1996 |
|
V.A.T. Code : 01698060744 |
|
Foundation date |
: 14/12/1995 |
|
|
Establishment date |
: 14/12/1995 |
|
|
Start of Activities |
: 21/03/1996 |
|
|
Legal duration |
: 31/12/2016 |
|
|
Nominal Capital |
: 1.250.000 |
|
|
Subscribed Capital |
: 1.250.000 |
|
|
Paid up Capital |
: 1.250.000 |
|
Members
|
|
Lepore |
Giovanni |
|
|
|
Born in Fasano |
(BR) |
on 23/08/1969 |
- Fiscal Code : LPRGNN69M23D508W |
|
|
|
Residence: |
|
C/da Pezze Vicine |
, S.N. |
- 72015 |
Fasano |
(BR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
14/12/1995 |
|
|
|
|
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.
|
|
Lepore |
Giovanni |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Mare Service S.r.l. |
Fasano (BR) - IT - |
01939320741 |
Director |
Active |
Registered |
|
Mytilepore Di Lepore G. E G. Sas |
Fasano (BR) - IT - |
01880760747 |
Limited Partner |
Withdrawn |
Ceased |
|
Lepore Giovanni E Oliva Pietro S.n.c. |
Fasano (BR) - IT - |
01660770742 |
Representative
partner |
Withdrawn |
Registered |
|
L. E G. Service Del Rag. Giovanni Mignozzi
S.a.s. |
Fasano (BR) - IT - |
02116240744 |
Limited Partner |
Active |
Registered |
|
Ellebi S.r.l. |
Fasano (BR) - IT - |
02090660743 |
Sole Director |
Withdrawn |
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 |
|
Lepore Giovanni |
Fasano - IT - |
LPRGNN69M23D508W |
906.250 .Eur |
72,50 |
|
LEPORE GIUSEPPE |
|
LPRGPP75A29D508C |
250.000 .Eur |
20,00 |
|
Kanoba S.a. |
|
93440070725 |
93.750 .Eur |
7,50 |
Direct Participations
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares
Amount |
% Ownership |
since |
until |
Share Status |
|
Mare Service S.r.l. |
Fasano - IT - |
01939320741 |
25.500 .Eur |
50,00 |
|
|
Active |
|
Biomare S.r.l. |
Castellana Grotte - IT - |
06288740720 |
50.000 .Eur |
50,00 |
|
|
Active |
|
Distretto Agroalimentare Regionale Soci
eta' Consortile A Respon Abilita' Limita |
Foggia - IT - |
03341460719 |
500 .Eur |
0,10 |
|
|
Active |
Firm's location and structure
In order to carry out its activities the firm uses the following locations:
|
- |
Legal and
operative seat |
|
|
|
|
|
|
|
Dell'agricoltura |
, 22/24 |
- 72015 |
- Fasano |
(BR) |
- IT - |
|
|
|
|
PHONE |
: 0804428111 |
|
|
|
|
FAX |
: 0804420663 |
|
- |
Branch |
|
since 01/06/1996 |
until 17/03/1998 |
|
|
|
|
|
|
Del Porto |
, 13/15 |
- 72015 |
- Fasano |
(BR) |
- IT - |
|
- |
Branch |
(Administrative
office) |
since 01/01/1998 |
|
|
|
|
|
|
Del Porto |
, 5 |
- 72015 |
- Fasano |
(BR) |
- IT - |
|
|
|
|
PHONE |
: 0804829069 |
|
- |
Branch |
|
since 02/05/2007 |
|
|
|
|
|
C.da Martucci |
- 72015 |
- Fasano |
(BR) |
- IT - |
|
|
|
|
Employees |
: 70 |
|
|
|
|
Assistants |
: 1 |
|
Fittings and Equipment for a value of
850.000 |
Eur |
|
Stocks for a value of 2.710.000 |
Eur |
|
|
Historical Information and/or
Firm's Status
EX-MEMBERS /
EX-POSITIONS:
|
|
Convertini |
Francesco |
|
|
|
Born in Fasano |
(BR) |
on 14/04/1965 |
- Fiscal Code : CNVFNC65D14D508X |
|
|
|
Residence: |
|
Giardinelli |
, N.C. |
- 72015 |
Fasano |
(BR) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Tarantino |
Carlo |
|
|
|
Born in Brindisi |
(BR) |
on 15/07/1962 |
- Fiscal Code : TRNCRL62L15B180N |
|
|
|
Residence: |
|
Monte Abele |
, 16 |
- 72015 |
Fasano |
(BR) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Ditano |
Lorenzo |
|
|
|
Born in Fasano |
(BR) |
on 13/04/1966 |
- Fiscal Code : DTNLNZ66D13D508R |
|
|
|
Residence: |
|
Unita' D'italia |
, 37 |
- 72015 |
Fasano |
(BR) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
Natola |
Cataldo |
|
|
|
Born in Fasano |
(BR) |
on 13/09/1965 |
- Fiscal Code : NTLCLD65P13D508O |
|
|
|
Residence: |
|
Sibilio |
, 79 |
- 72015 |
Fasano |
(BR) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Semeraro |
Consuelo |
|
|
|
Born in Fasano |
(BR) |
on 26/03/1974 |
- Fiscal Code : SMRCSL74C66D508J |
|
|
|
Residence: |
|
Vittorio Emanuele |
, 97 |
- 72015 |
Fasano |
(BR) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
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 |
|
UNICREDIT BANCA SPA |
|
|
|
|
2008 |
0 |
Financial and Economical Analysis
Company's starting of activities dates back to 1996.
An eco-fin analysis has been made on the base od the b/s fo the years 2011, 2012 and 2013.
Under the financial profile unstable results are noted. anyway in 2013 a positive result was achieved (r.o.e. 0,79%).
The operating result was positive in the last financial year (2,16%) and in line with the sector's average.
The amount of the operating result for the year 2013 is of Eur. 593.405 increasing if compared to the yeart 2012.
The G.O.M. amounted to Eur. 1.310.890 growing by 21,91% if compared to the year before.
The ratio between debts and total assets is fairly high, as it comes out from the indebtedness (4,28) falling if compared to 2012.
The management generated equity capital for an amount of Eur. 3.669.183 , unchanged if compared to 2012.
In the year 2013 total debts amounted to Eur. 21.849.137 on the same levels as the year before.
Bank borrowings' volume is slightly high but the recourse to suppliers' credit is modest which is also lower than the sector average.
Payments are supported by good current assets.
Accounts receivable average term is 88,02 days. , on the same levels as the sector's average.
As far as the cash flow is concerned during the latest financial year it amounted to Eur. 746.509
During 2013 financial year labour costs amounted to Eur. 2.140.232, with a 4,03% incidence on production costs. and a 4,04% incidence on sales volumes.
The incidence of the financial charges is of -0,81% on the sales amount.
Financial Data
|
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
53.038.743 |
|
Profit (Loss) for the period |
29.024 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
52.537.614 |
|
Profit (Loss) for the period |
-278.209 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
58.072.552 |
|
Profit (Loss) for the period |
3.446 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
56.537.535 |
|
Profit (Loss) for the period |
134.213 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
51.023.772 |
|
Profit (Loss) for the period |
265.274 |
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 31/12/2013 - 12 Mesi - Currency: - Amounts x 1 |
|
- 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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Ratios
|
RATIOS |
Value Type |
as at 31/12/2013 |
as at 31/12/2012 |
as at 31/12/2011 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,30 |
0,30 |
0,29 |
0,23 |
|
Elasticity Ratio |
Units |
0,70 |
0,70 |
0,71 |
0,73 |
|
Availability of stock |
Units |
0,10 |
0,07 |
0,08 |
0,14 |
|
Total Liquidity Ratio |
Units |
0,60 |
0,63 |
0,63 |
0,50 |
|
Quick Ratio |
Units |
0,08 |
0,03 |
0,03 |
0,01 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
4,28 |
5,05 |
4,57 |
3,03 |
|
Self Financing Ratio |
Units |
0,13 |
0,13 |
0,14 |
0,21 |
|
Capital protection Ratio |
Units |
0,65 |
0,73 |
0,68 |
0,67 |
|
Liabilities consolidation quotient |
Units |
0,26 |
0,20 |
0,27 |
0,14 |
|
Financing |
Units |
5,95 |
6,21 |
5,92 |
3,67 |
|
Permanent Indebtedness Ratio |
Units |
0,30 |
0,27 |
0,32 |
0,34 |
|
M/L term Debts Ratio |
Units |
0,17 |
0,14 |
0,18 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
2,99 |
2,89 |
2,30 |
1,47 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
0,99 |
0,92 |
1,09 |
1,34 |
|
Current ratio |
Units |
1,08 |
1,01 |
1,09 |
1,13 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,93 |
0,91 |
0,96 |
0,80 |
|
Structure's primary quotient |
Units |
0,44 |
0,45 |
0,48 |
0,78 |
|
Treasury's primary quotient |
Units |
0,12 |
0,05 |
0,04 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
748,18 |
756,46 |
726,11 |
470,58 |
|
Current Capital ( net ) |
Value |
1.398.843 |
160.630 |
1.679.981 |
746.044 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
1,41 |
0,81 |
1,10 |
1,38 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
0,79 |
-7,64 |
0,09 |
0,61 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
5,45 |
-6,81 |
2,51 |
6,25 |
|
Return on Investment ( R.O.I. ) |
% |
2,16 |
1,35 |
1,86 |
2,57 |
|
Return/ Sales |
% |
1,12 |
0,70 |
0,91 |
1,76 |
|
Extra Management revenues/charges incid. |
% |
4,89 |
-75,12 |
0,65 |
9,28 |
|
Cash Flow |
Value |
746.509 |
426.682 |
638.551 |
122.756 |
|
Operating Profit |
Value |
593.405 |
370.374 |
529.170 |
177.996 |
|
Gross Operating Margin |
Value |
1.310.890 |
1.075.265 |
1.164.275 |
312.423 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
88,02 |
109,57 |
103,38 |
104,19 |
|
Debts to suppliers average term |
Days |
50,32 |
76,39 |
79,97 |
76,69 |
|
Average stock waiting period |
Days |
18,37 |
13,30 |
14,92 |
44,02 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,93 |
1,91 |
2,04 |
1,59 |
|
Rate of stock return |
Units |
19,60 |
27,07 |
24,13 |
8,18 |
|
Labour cost incidence |
% |
4,04 |
3,75 |
3,56 |
6,85 |
|
Net financial revenues/ charges incidence |
% |
-0,81 |
-0,91 |
-0,61 |
-1,39 |
|
Labour cost on purchasing expenses |
% |
4,03 |
3,76 |
3,58 |
6,46 |
|
Short-term financing charges |
% |
2,05 |
2,13 |
1,61 |
2,98 |
|
Capital on hand |
% |
51,76 |
52,41 |
48,99 |
62,75 |
|
Sales pro employee |
Value |
706.241 |
861.272 |
907.383 |
554.666 |
|
Labour cost pro employee |
Value |
28.498 |
32.285 |
32.314 |
32.328 |
Remarks
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.
Market / Territory Data
|
Population living in the province |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
401.217Monthly family expenses average in the region (in Eur..) :
|
- per food products |
: |
|
|
- per non food products |
: |
|
|
- per energy consume |
: |
|
Sector Data
The values are calculated on a base of 111 significant companies.
The companies cash their credits on an average of 104 dd.
The average duration of suppliers debts is about 77 dd.
The sector's profitability is on an average of 1,38%.
The labour cost affects the turnover in the measure of 6,85%.
Goods are held in stock in a range of 44 dd.
The difference between the sales volume and the resources used to realize it is about 1,59.
The employees costs represent the 6,46% 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 41.341 protested subjects are found; in the province they count to 3.959.
The insolvency index for the region is 1,02, , while for the province it is 0,99.
Total Bankrupt companies in the province : 1.005.
Total Bankrupt companies in the region : 15.496.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 60.18 |
|
|
1 |
Rs. 103.14 |
|
Euro |
1 |
Rs. 81.87 |
INFORMATION DETAILS
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
DPT |
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.