MIRA
INFORM REPORT
|
Report Date : |
19.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
DROGHERIA E ALIMENTARI S.P.A. |
|
|
|
|
Registered Office : |
Via Nilde Iotti, 23/25, 50038 - Scarperia E San Piero (FI) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
01.01.1988 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
·
Manufacture of condiments and spices ·
Manufacture of other food products |
|
|
|
|
No. of Employees : |
118 |
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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 and address
DROGHERIA E ALIMENTARI S.P.A.
Via Nilde Iotti, 23/25
50038 - Scarperia E San Piero (FI) -IT-
Summary
|
Fiscal Code |
: |
04002830489 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
27/02/2006 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
35.000.000/50.000.000 |
|
Number of Employees |
: |
from 111 to 130 |
Activity
Manufacture of condiments and spices
Manufacture of other food products n.e.c.
Legal Data
Legal Form : Joint stock company
|
Fiscal Code : 04002830489 |
|
Foreign Trade Reg. no. : FI074216 since 20/06/2006 |
|
Chamber of Commerce no. : 408678 of Firenze |
|
Chamber of Commerce no. : 561654 of Firenze since 03/08/2006 |
|
Chamber of Commerce no. : 97277 of Grosseto |
|
Chamber of Commerce no. : 211994 of Lucca |
|
Chamber of Commerce no. : 1737206 of Milano |
|
Chamber of Commerce no. : 408678 of Prato since 02/08/1988 |
|
Firms' Register : PO005-18854 of Prato since 19/02/1996 |
|
V.A.T. Code : 01620680973 |
|
Foundation date |
: 01/01/1988 |
|
|
Establishment date |
: 10/03/1988 |
|
|
Start of Activities |
: 27/02/2006 |
|
|
Legal duration |
: 31/12/2020 |
|
|
Nominal Capital |
: 1.130.000 |
|
|
Subscribed Capital |
: 1.130.000 |
|
|
Paid up Capital |
: 1.130.000 |
|
Members
|
|
Barbagli |
Andrea |
|
|
|
Born in Firenze |
(FI) |
on 15/04/1962 |
- Fiscal Code : BRBNDR62D15D612M |
|
|
|
Residence: |
|
Bruges |
, 60/H |
- 59100 |
Prato |
(PO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Assistant board Chairman |
10/05/2013 |
|
|
|
Director |
07/05/2013 |
|
|
|
Managing Director |
10/05/2013 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Falcioni |
Mauro |
|
|
|
Born in Tolentino |
(MC) |
on 03/11/1958 |
- Fiscal Code : FLCMRA58S03L191F |
|
|
|
Residence: |
|
I Boschi |
, 7 |
- 50041 |
Calenzano |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
10/05/2013 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Barbagli |
Paolo |
|
|
|
Born in Firenze |
(FI) |
on 05/05/1961 |
- Fiscal Code : BRBPLA61E05D612U |
|
|
|
Residence: |
|
Virginio Nuovo |
, 35 |
- 50025 |
Montespertoli |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
07/05/2013 |
|
|
|
|
Carapelli |
Giacinto |
|
|
|
Born in Firenze |
(FI) |
on 27/09/1974 |
- Fiscal Code : CRPGNT74P27D612H |
|
|
|
Residence: |
|
Fontesecca |
, 2 |
- 50030 |
Vaglia |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
07/05/2013 |
|
|
|
|
Ferraris |
Fausta |
|
|
|
Born in Firenze |
(FI) |
on 26/01/1943 |
- Fiscal Code : FRRFST43A66D612C |
|
|
|
Residence: |
|
Bolognese |
, 2 |
- 50030 |
Vaglia |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
10/05/2013 |
|
|
|
Partner |
|
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Visioni |
Mario |
|
|
|
Born in Milano |
(MI) |
on 21/04/1962 |
- Fiscal Code : VSNMRA62D21F205N |
|
|
|
Residence: |
|
Salasco |
, 40 |
- 20136 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
07/05/2013 |
|
|
|
|
Barberini |
Alice |
|
|
|
Born in Bergamo |
(BG) |
on 05/01/1980 |
- Fiscal Code : BRBLCA80A45A794B |
|
|
|
Residence: |
|
Cattaneo |
, 31 |
- 23900 |
Lecco |
(LC) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
10/05/2013 |
|
|
|
|
Carapelli |
Francesco Paolo |
|
|
|
Born in Firenze |
(FI) |
on 01/07/1941 |
- Fiscal Code : CRPFNC41L01D612M |
|
|
|
Residence: |
|
Nilde Iotti |
, 23/25 |
- 50037 |
San Piero a Sieve |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
10/05/2013 |
|
|
|
Managing Director |
10/05/2013 |
|
|
|
Director |
07/05/2013 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Curotti |
Lea |
|
|
|
Born in Roma |
(RM) |
on 29/07/1934 |
- Fiscal Code : CRTLEA34L69H501O |
|
|
|
Residence: |
|
Trieste |
, 67 |
- 50100 |
Firenze |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
10/05/2013 |
|
|
|
|
Innocenti |
Gabriele |
|
|
|
Born in Firenze |
(FI) |
on 08/07/1966 |
- Fiscal Code : NNCGRL66L08D612B |
|
|
|
Residence: |
|
Guglielmo Marconi |
, 83 |
- 50131 |
Firenze |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
10/05/2013 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Tesi |
Lorenzo |
|
|
|
Born in Siena |
(SI) |
on 23/04/1967 |
- Fiscal Code : TSELNZ67D23I726V |
|
|
|
Residence: |
Localita' Monte Sante Marie |
, 1 |
- 53041 |
Asciano |
(SI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
10/05/2013 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Thyme Holding S.r.l. |
|
|
|
|
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 are listed the companies in which members hold or have
holded positions.
|
|
Barbagli |
Andrea |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Florenpepe S.r.l. |
San Piero a Sieve (FI) - IT - |
00420720484 |
Sole Director |
Withdrawn |
Registered |
|
Fitrust S.r.l. |
Milano (MI) - IT - |
08846320151 |
Liquidator |
Withdrawn |
Ceased |
|
Cleide's S.r.l. |
Correggio (RE) - IT - |
04157260375 |
Director |
Withdrawn |
Registered |
|
Figurella Florence - Societa' A Responsabilita' Limitata |
Firenze (FI) - IT - |
04030660486 |
Sole Director |
Active |
Registered |
|
Figurella Empoli S.r.l. |
Empoli (FI) - IT - |
04288640487 |
Liquidator |
Withdrawn |
Ceased |
|
Comiter S.r.l. |
Viterbo (VT) - IT - |
01329880569 |
Director |
Withdrawn |
Ceased |
|
Comiter S.r.l. |
Viterbo (VT) - IT - |
01329880569 |
Sole Director |
Withdrawn |
Ceased |
|
URANIA - S.R.L. |
- - |
05811061000 |
Director |
Withdrawn |
Registered |
|
Saturnia Srl In Liquidazione |
Roma (RM) - IT - |
06113591009 |
Director |
Withdrawn |
Registered |
|
Figurella Firenze S.r.l. |
Mariano Comense (CO) - IT - |
01658100134 |
Sole Director |
Withdrawn |
Ceased |
|
Figurella International Di Barbagli Andrea E C. S.a.s. |
Firenze (FI) - IT - |
01523490124 |
General Partner |
Withdrawn |
Ceased |
|
Figurella International Di Barbagli Andrea E C. S.a.s. |
Firenze (FI) - IT - |
01523490124 |
Liquidator |
Withdrawn |
Ceased |
|
Fattoria La Capitana S.a.s. Di Paolo Barbagli |
Magliano in Toscana (GR) - IT - |
00960560530 |
Limited Partner |
Withdrawn |
Registered |
|
Delphine S.a.s. Di Simona Negro E C. |
Milano (MI) - IT - |
12802770151 |
Limited Partner |
Withdrawn |
Ceased |
|
Le Bonta' S.r.l. |
Prato (PO) - IT - |
02093710974 |
Board Chairman |
Active |
Registered |
|
|
Carapelli |
Francesco Paolo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Agricola Colli Alti - S.r.l. |
Vaglia (FI) - IT - |
03832270486 |
Sole Director |
Active |
Registered |
|
Impresarno S.r.l. |
Firenze (FI) - IT - |
03889850487 |
Sole Director |
Withdrawn |
Registered |
|
Intergrocer - Societa' A Responsabilita'Limitata |
Firenze (FI) - IT - |
00342120490 |
Sole Director |
Active |
Registered |
|
Carapelli*finanziaria - Societa' Per Azioni |
Firenze (FI) - IT - |
00430310482 |
Liquidator |
Active |
Registered |
|
Finest - S.r.l. |
Firenze (FI) - IT - |
04207540487 |
Liquidator |
Active |
Registered |
|
Coregroup S.r.l. |
Pescara (PE) - IT - |
02540600372 |
Sole Director |
Active |
Registered |
|
Oleificio Del Vomano S.r.l. |
Cellino Attanasio (TE) - IT - |
00725920672 |
Chairman |
Active |
Registered |
|
Oleificio Del Vomano S.r.l. |
Cellino Attanasio (TE) - IT - |
00725920672 |
Managing Director |
Active |
Registered |
|
CARAPELLI FRANCESCO PAOLO |
VAGLIA (FI) - IT - |
CRPFNC41L01D612M |
Proprietor |
- |
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 |
|
Barbagli Andrea |
Prato - IT - |
BRBNDR62D15D612M |
113.565 .Eur |
10,05 |
|
Falcioni Mauro |
Calenzano - IT - |
FLCMRA58S03L191F |
272 .Eur |
0,02 |
|
Barbagli Paolo |
Montespertoli - IT - |
BRBPLA61E05D612U |
111.870 .Eur |
9,90 |
|
Ferraris Fausta |
Vaglia - IT - |
FRRFST43A66D612C |
338.864 .Eur |
29,98 |
|
Curotti Lea |
Firenze - IT - |
CRTLEA34L69H501O |
113.429 .Eur |
10,03 |
|
Thyme Holding S.r.l. |
|
08275530965 |
452.000 .Eur |
40,00 |
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 |
|
Consorzio Energie Firenze |
Firenze - IT - |
05015500480 |
|
|
|
|
Active |
|
Le Bonta' S.r.l. |
Prato - IT - |
02093710974 |
100.000 .Eur |
100,00 |
|
|
Active |
Firm's location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
|
|
|
|
|
|
Nilde Iotti |
, 23/25 |
- 50038 |
- Scarperia E San Piero |
(FI) |
- IT - |
|
|
|
|
Total Surface: 34.000 Sq.mt. |
|
|
|
|
Covered Surface: 12.000 Sq.mt. |
|
|
|
|
Employees |
: 118 |
|
Fittings and Equipment for a value of 3.170.000 |
Eur |
|
Stocks for a value of 13.090.000 |
Eur |
Trade organization: direct or by agents.
The company sells in Italy and abroad.
The company supplies wholesalers and retailers.
|
|
The firm operates abroad as importer / exporter..
To purchase foreign products the firm uses the following channels :
|
- national or foreign important buyers |
Export represents up to 20% of the global turnover.
Products abroad are placed by :
|
- national or foreign important buyers |
Usually the terms of sale are within 90-120 days.
Financial means used for sale: bank transfers and bank orders.
Main used payment modalities are by cash orders and bank transfers.
Import comes generally from the following nations:
|
- Belgium |
|
- Austria |
Export is mainly towards:
|
- Bulgaria |
The subject firm uses the following own selling brands:
|
- DROGHERIA ALIMENTARI |
Traded Brands / Suppliers
|
- ZIGNAGO VETRO SPA |
|
- JULES DESTROOPER |
|
- PALME D'OR |
|
- YES |
|
- NUOVA TERRA |
|
- PAPADOPULOS |
Historical Information and/or
Firm's Status
EX-MEMBERS / EX-POSITIONS:
|
|
Barbagli |
Andrea |
|
|
|
Born in Firenze |
(FI) |
on 15/04/1962 |
- Fiscal Code : BRBNDR62D15D612M |
|
|
|
Residence: |
|
Bruges |
, 60/H |
- 59100 |
Prato |
(PO) |
- IT - |
|
Ex-Postions |
|
Chairman |
|
Managing Director |
|
Director |
|
Board Chairman |
|
|
Falcioni |
Mauro |
|
|
|
Born in Tolentino |
(MC) |
on 03/11/1958 |
- Fiscal Code : FLCMRA58S03L191F |
|
|
|
Residence: |
|
I Boschi |
, 7 |
- 50041 |
Calenzano |
(FI) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
|
Agostini |
Vittorio |
|
|
|
Born in Roma |
(RM) |
on 25/02/1939 |
- Fiscal Code : GSTVTR39B25H501U |
|
|
|
Residence: |
|
Quirico Filopanti |
, 4 |
- 40126 |
Bologna |
(BO) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Carapelli |
Elena |
|
|
|
Born in Firenze |
(FI) |
on 01/04/1969 |
- Fiscal Code : CRPLNE69D41D612P |
|
|
|
Residence: |
|
Di Montorsoli |
, 631 |
- 50030 |
Vaglia |
(FI) |
- IT - |
|
Ex-Postions |
|
Vice-Chairman |
|
Assistant board Chairman |
|
|
Ferraris |
Fausta |
|
|
|
Born in Firenze |
(FI) |
on 26/01/1943 |
- Fiscal Code : FRRFST43A66D612C |
|
|
|
Residence: |
|
Bolognese |
, 2 |
- 50030 |
Vaglia |
(FI) |
- IT - |
|
Ex-Postions |
|
Partner |
|
|
Alto Partners Societa' Di Gestione Del R |
isparmio S.p.a. O, In For Ma Abbreviata, |
|
- Fiscal Code : 04441800960 |
|
Ex-Postions |
|
Partner |
|
|
Fagnoni |
Giovanni |
|
|
|
Born in Firenze |
(FI) |
on 21/12/1938 |
- Fiscal Code : FGNGNN38T21D612D |
|
|
|
Residence: |
|
Della Romola |
, 18 |
- 50018 |
Scandicci |
(FI) |
- IT - |
|
Ex-Postions |
|
Chairman |
CEASINGS/INCORPORATIONS/MERGES:
|
|
The firm absorved |
|
|
|
|
|
|
|
, FIRENZE, VIA DUCA D'AOSTA 20 |
- IT - |
|
|
|
Date |
: |
20/12/1995 |
|
|
Splitting-up project and setting-up of new co |
|
|
|
Date |
Merging/Splitting-up Project-New Company: |
13/10/2006 |
|
|
Splitting-up and setting-up of a new company |
|
|
|
|
|
|
|
, 50037 |
, San Piero a Sieve |
(FI) |
- IT - |
|
|
|
Date |
Splitting-up: |
20/10/2006 |
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: |
|
|
|
Prejudicial Events found with cancellations* |
Legal Mortgage on 21/05/2007. for an amount of 13.757 Euro. Event
writing-off
|
GEST LINE S.P.A. |
Search performed on a specialized data base.
*Concerns also partially erased events.
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 POP. DI VERONA - BPV-SGSP SPA |
|
|
|
|
5188 |
0 |
|
MONTE DEI PASCHI DI SIENA SPA |
TOSCANA AREA CENTRO |
V.DELLA REPUBBLICA ANG.V.MONTEGRAPP |
50047 |
Prato (PO) |
1030 |
21507 |
Financial and Economical Analysis
The company is active since 2006
The eonomic-financial analysis is based on the latest 3 b/s.
During the last years, it recorded positive net results (r.o.e. 0,52% in
2013) with a good increase in turnover (+7,37% in 2013 compared to 2012 and
+13,32% in 2012 compared to 2011).
The operating result in 2013 was positive (2,83%) falling within the
field's average.
The operating result is positive and amounts to Eur. 1.866.888 ,showing
stability in respect to the value of 2012.
A gross operating margine for a value of Eur. 5.932.297 was reached.
,with no change if compared to the year before.
The financial status of the company is fairly balanced with an
indebtedness level of 1,57 with an improving trend as on the decrease.
Subject can manage an equity capital funds for an amount of Eur. 20.523.336
on stable levels.
Total debts recorded amounted to Eur. 44.604.360 (Eur. 11.352.674 of
which were m/l term debts) , a more or less stable value.
Financial debts as well as debts to suppliers are rather high but lined
up with the field's average.
Liquidity is not completely adequate.
As to due from customers, the average terms are 71,1 days. , that
compared to the sector's average is shorter.
As far as the cash flow is concerned during the latest financial year it
amounted to Eur. 4.139.883
In the last financial year labour cost was of Eur. 5.218.648, with a
11,02% incidence on total costs of production. , with a 10,73% incidence on
turnover.
The financial management is marked by a high incidence of financial
charges in relation to sales revenues (-3,27%).
Financial Data
|
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
48.651.458 |
|
Profit (Loss) for the period |
107.386 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
45.311.109 |
|
Profit (Loss) for the period |
104.519 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
39.982.067 |
|
Profit (Loss) for the period |
61.253 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
35.217.846 |
|
Profit (Loss) for the period |
82.752 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
33.304.310 |
|
Profit (Loss) for the period |
158.264 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
PROFIT AND LOSS ACCOUNTS |
|
VALUE OF PRODUCTION |
|
|
|
|
. Revenues from sales and services |
48.651.458 |
45.311.109 |
39.982.067 |
|
. Changes in work in progress |
-508.279 |
-79.105 |
1.882.593 |
|
. Changes in semi-manufact. products |
|
|
|
|
. Capitalization of internal work |
555.201 |
549.038 |
563.107 |
|
. Other income and revenues |
518.796 |
396.691 |
474.736 |
|
. . Contributions for operating expenses |
59.041 |
84.200 |
69.508 |
|
. . Different income and revenues |
459.755 |
312.491 |
405.228 |
|
Total value of production |
49.217.176 |
46.177.733 |
42.902.503 |
|
PRODUCTION COSTS |
|
|
|
|
. Raw material,other materials and consum. |
26.505.915 |
24.347.254 |
22.551.041 |
|
. Services received |
11.729.418 |
10.867.704 |
10.692.838 |
|
. Leases and rentals |
569.277 |
614.622 |
646.049 |
|
. Payroll and related costs |
5.218.648 |
4.808.020 |
4.410.568 |
|
. . Wages and salaries |
3.757.951 |
3.471.688 |
3.211.985 |
|
. . Social security contributions |
1.209.379 |
1.104.337 |
988.194 |
|
. . Employee termination indemnities |
251.318 |
231.995 |
210.389 |
|
. . Pension and similar |
|
|
|
|
. . Other costs |
|
|
|
|
. Amortization and depreciation |
4.032.497 |
4.372.968 |
3.843.524 |
|
. . Amortization of intangible fixed assets |
2.774.648 |
3.136.051 |
2.790.902 |
|
. . Amortization of tangible fixed assets |
1.157.385 |
1.121.403 |
1.042.730 |
|
. . Depreciation of tangible fixed assets |
7.485 |
114.993 |
9.193 |
|
. . Writedown of current receiv.and of liquid |
92.979 |
521 |
699 |
|
. Changes in raw materials |
-964.495 |
-1.230.354 |
-564.378 |
|
. Provisions to risk reserves |
|
|
36.312 |
|
. Other provisions |
32.912 |
37.565 |
|
|
. Other operating costs |
226.116 |
210.964 |
207.603 |
|
Total production costs |
47.350.288 |
44.028.743 |
41.823.557 |
|
Diff. between value and cost of product. |
1.866.888 |
2.148.990 |
1.078.946 |
|
FINANCIAL INCOME AND EXPENSE |
|
|
|
|
. Income from equity investments |
65 |
65 |
|
|
. . In subsidiary companies |
|
|
|
|
. . In associated companies |
|
|
|
|
. . In other companies |
|
|
|
|
. Other financial income |
17.178 |
23.800 |
|
|
. . Financ.income from receivables |
|
|
|
|
. . . Towards subsidiary companies |
|
|
|
|
. . . Towards associated companies |
|
|
|
|
. . . Towards holding companies |
|
|
|
|
. . . Towards other companies |
|
|
|
|
. . Financ.income from secur. t.f.assets |
|
5.766 |
|
|
. . Financ.income from secur. cur.assets |
|
|
|
|
. . Financ.income other than the above |
|
|
|
|
. . . - Subsidiary companies |
|
|
|
|
. . . - Associated companies |
|
|
|
|
. . . - Holding companies |
|
|
|
|
. . . - Other companies |
|
|
|
|
. Interest and other financial expense |
-1.609.397 |
-1.713.033 |
-1.015.399 |
|
. . Towards subsidiary companies |
|
|
|
|
. . Towards associated companies |
|
|
|
|
. . Towards holding companies |
|
|
|
|
. . Towards other companies |
|
|
-1.015.399 |
|
Total financial income and expense |
-1.592.154 |
-1.689.168 |
-1.015.399 |
|
ADJUSTMENTS TO FINANCIAL ASSETS |
|
|
|
|
. Revaluations |
|
|
|
|
. . Of equity investments |
|
|
|
|
. . Of financ.fixed assets not repres.E.I. |
|
|
|
|
. . Of securities incl.among current assets |
|
|
|
|
. Devaluation |
|
|
|
|
. . Of equity investments |
|
|
|
|
. . Of financial fixed assets (no equity inv) |
|
|
|
|
. . Of securities included among current ass |
|
|
|
|
Total adjustments to financial assets |
|
|
|
|
EXTRAORDINARY INCOME AND EXPENSE |
|
|
|
|
. Extraordinary income |
418.013 |
172.113 |
452.152 |
|
. . Gains on disposals |
|
|
|
|
. . Other extraordinary income |
418.013 |
172.113 |
452.152 |
|
. Extraordinary expense |
-200.173 |
-142.475 |
-45.507 |
|
. . Losses on disposals |
|
|
|
|
. . Taxes relating to prior years |
|
-53.701 |
|
|
. . Other extraordinary expense |
-200.173 |
-88.774 |
-45.507 |
|
Total extraordinary income and expense |
217.840 |
29.638 |
406.645 |
|
Results before income taxes |
492.574 |
489.460 |
470.192 |
|
. Taxes on current income |
385.188 |
384.941 |
408.939 |
|
. . current taxes |
|
|
408.939 |
|
. . differed taxes(anticip.) |
|
|
|
|
. Net income for the period |
107.386 |
104.519 |
61.253 |
|
. Adjustments in tax regulations pursuance |
|
|
|
|
. Provisions in tax regulations pursuance |
|
|
|
|
. Profit (loss) of the year |
107.386 |
104.519 |
61.253 |
|
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 |
0,60 |
0,58 |
0,55 |
0,36 |
|
Elasticity Ratio |
Units |
0,40 |
0,42 |
0,44 |
0,58 |
|
Availability of stock |
Units |
0,20 |
0,18 |
0,17 |
0,12 |
|
Total Liquidity Ratio |
Units |
0,20 |
0,24 |
0,27 |
0,42 |
|
Quick Ratio |
Units |
0,02 |
0,02 |
0,04 |
0,01 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
1,57 |
1,68 |
1,66 |
2,08 |
|
Self Financing Ratio |
Units |
0,31 |
0,29 |
0,30 |
0,22 |
|
Capital protection Ratio |
Units |
0,94 |
0,94 |
0,94 |
0,66 |
|
Liabilities consolidation quotient |
Units |
0,35 |
0,36 |
0,31 |
0,27 |
|
Financing |
Units |
2,17 |
2,37 |
2,30 |
3,08 |
|
Permanent Indebtedness Ratio |
Units |
0,49 |
0,48 |
0,46 |
0,46 |
|
M/L term Debts Ratio |
Units |
0,18 |
0,18 |
0,16 |
0,12 |
|
Net Financial Indebtedness Ratio |
Units |
1,47 |
1,55 |
1,44 |
0,69 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
0,81 |
0,83 |
0,83 |
1,16 |
|
Current ratio |
Units |
0,79 |
0,82 |
0,84 |
1,14 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,40 |
0,46 |
0,52 |
0,86 |
|
Structure's primary quotient |
Units |
0,52 |
0,51 |
0,54 |
0,68 |
|
Treasury's primary quotient |
Units |
0,03 |
0,04 |
0,08 |
0,02 |
|
Rate of indebtedness ( Leverage ) |
% |
321,70 |
341,12 |
334,32 |
438,55 |
|
Current Capital ( net ) |
Value |
-6.909.328 |
-6.531.589 |
-5.833.895 |
177.800 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
8,51 |
9,88 |
9,77 |
4,57 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
0,52 |
0,51 |
0,30 |
4,28 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
2,40 |
2,40 |
2,31 |
11,42 |
|
Return on Investment ( R.O.I. ) |
% |
2,83 |
3,09 |
1,59 |
3,74 |
|
Return/ Sales |
% |
3,84 |
4,74 |
2,70 |
3,72 |
|
Extra Management revenues/charges incid. |
% |
5,75 |
4,86 |
5,68 |
25,24 |
|
Cash Flow |
Value |
4.139.883 |
4.477.487 |
3.904.777 |
140.498 |
|
Operating Profit |
Value |
1.866.888 |
2.148.990 |
1.078.946 |
117.422 |
|
Gross Operating Margin |
Value |
5.932.297 |
6.559.523 |
4.958.782 |
261.449 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
71,10 |
102,80 |
119,63 |
110,74 |
|
Debts to suppliers average term |
Days |
111,73 |
138,07 |
147,89 |
117,18 |
|
Average stock waiting period |
Days |
96,89 |
100,41 |
103,42 |
43,75 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,74 |
0,65 |
0,59 |
0,99 |
|
Rate of stock return |
Units |
3,72 |
3,59 |
3,48 |
8,23 |
|
Labour cost incidence |
% |
10,73 |
10,61 |
11,03 |
15,09 |
|
Net financial revenues/ charges incidence |
% |
-3,27 |
-3,73 |
-2,54 |
-1,50 |
|
Labour cost on purchasing expenses |
% |
11,02 |
10,92 |
10,55 |
14,79 |
|
Short-term financing charges |
% |
3,61 |
3,54 |
2,17 |
2,72 |
|
Capital on hand |
% |
135,71 |
153,70 |
169,84 |
100,97 |
|
Sales pro employee |
Value |
408.835 |
400.983 |
291.840 |
231.895 |
|
Labour cost pro employee |
Value |
43.854 |
42.548 |
32.194 |
32.825 |
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 |
: |
|
965.388Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
|
|
- per non food products |
: |
|
|
- per energy consume |
: |
122 |
Sector Data
The values are calculated on a base of 335 significant companies.
The companies cash their credits on an average of 111 dd.
The average duration of suppliers debts is about 117 dd.
The sector's profitability is on an average of 4,57%.
The labour cost affects the turnover in the measure of 15,09%.
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 0,99.
The employees costs represent the 14,79% of the production costs.
Statistical Detrimental Data
Statistcally the trade activity shows periods of crisis.
The area is statistically considered moderately risky.
In the region 24.960 protested subjects are found; in the province they
count to 5.242.
The insolvency index for the region is 0,70, , while for the province it
is 0,55.
Total Bankrupt companies in the province : 6.520.
Total Bankrupt companies in the region : 20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.33 |
|
|
1 |
Rs.103.18 |
|
Euro |
1 |
Rs.81.58 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NNA |
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.