MIRA INFORM REPORT
|
Report Date : |
04.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
TONELLO ENERGIE
S.R.L. |
|
|
|
|
Registered Office : |
Via Bordalucchi, 3, 36030 - Fara
Vicentino (VI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
26.02.2008 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
· Engaged in Electrical installation in buildings or in other constructions (including maintenance and repair) · Subject specializes in the field of photovoltaic and hydroelectric power plants. |
|
|
|
|
No of Employees : |
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 : |
Good |
|
|
|
|
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
Tonello Energie S.r.l.
Via Bordalucchi, 3
36030 - Fara Vicentino (VI) -IT-
Summary
|
Fiscal Code |
: |
03457270241 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
20/03/2008 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
35.000.000/50.000.000 |
|
Number of Employees |
: |
15 |
Activity
· Engaged in Electrical installation in buildings or in other constructions (including maintenance and repair)
·
Subject
specializes in the field of photovoltaic and hydroelectric power plants.
Legal
Data
Legal Form : Limited liability company
|
Fiscal Code : 03457270241 |
|
Chamber of Commerce no. : 287255 of Lecce |
|
Chamber of Commerce no. : 399008 of Padova |
|
Chamber of Commerce no. : 326980 of
Vicenza since 17/03/2008 |
|
Establishment date |
: 26/02/2008 |
|
|
Start of Activities |
: 20/03/2008 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 50.000 |
|
|
Subscribed Capital |
: 50.000 |
|
|
Paid up Capital |
: 50.000 |
Members
|
|
Tonello |
Osvaldo |
|
|
Born in Zugliano |
(VI) |
on 02/03/1946 |
- Fiscal Code : TNLSLD46C02M199T |
|
|
Residence: |
Costa |
, 15 |
- 36030 |
Sarcedo |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
26/02/2008 |
||
|
Director |
26/02/2008 |
||
|
Managing Director |
01/09/2009 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Bonetti |
Carlo |
|
|
Born in Palermo |
(PA) |
on 30/06/1947 |
- Fiscal Code : BNTCRL47H30G273G |
|
|
Residence: |
Rigaste San Zeno |
, 9 |
- 37100 |
Verona |
(VR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
26/02/2008 |
|
|
Tonello |
Flavio |
|
|
Born in Thiene |
(VI) |
on 22/08/1955 |
- Fiscal Code : TNLFLV55M22L157H |
|
|
Residence: |
Maso |
, 23 |
- 36030 |
Zugliano |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
26/02/2008 |
|
|
Sbalchiero |
Maurizio |
|
|
Born in Vicenza |
(VI) |
on 13/07/1973 |
- Fiscal Code : SBLMRZ73L13L840Z |
|
|
Residence: |
Saba |
, 34 |
- 36040 |
Grisignano di Zocco |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
26/02/2008 |
||
|
Responsible technician |
20/03/2008 |
|
|
Vicentini |
Alberto |
|
|
Born in Vicenza |
(VI) |
on 03/10/1975 |
- Fiscal Code : VCNLRT75R03L840M |
|
|
Residence: |
A. De Gasperi |
, 2 |
- 36042 |
Breganze |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
26/02/2008 |
||
|
Managing Director |
26/02/2008 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Tonello S.r.l. |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Vicentini
Energie 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.
|
|
Tonello |
Osvaldo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Tonello S.r.l. |
Sarcedo (VI) - IT - |
01616900245 |
Managing
Director |
Active |
Registered |
|
Tonello S.r.l. |
Sarcedo (VI) - IT - |
01616900245 |
Director |
Active |
Registered |
|
Tonello S.r.l. |
Sarcedo (VI) - IT - |
01616900245 |
Chairman and
Managing Director |
Withdrawn |
Registered |
|
Tonello S.r.l. |
Sarcedo (VI) - IT - |
01616900245 |
Board Chairman |
Withdrawn |
Registered |
|
TONELLO S.N.C. DI TONELLO OSVALDO eamp; C. |
Sarcedo (VI) - IT - |
02295380246 |
Partner |
Withdrawn |
Registered |
|
Casearmeccanica Vicentina S.r.l. |
Breganze (VI) - IT - |
00551240245 |
Director |
Active |
Registered |
|
Casearmeccanica Vicentina S.r.l. |
Breganze (VI) - IT - |
00551240245 |
Board Chairman |
Active |
Registered |
|
Bon Klima S.r.l. - In Liquidazione |
Fara Vicentino (VI) - IT - |
03403960242 |
Liquidator |
Active |
Registered |
|
Tonello Immobiliare S.r.l. |
Fara Vicentino (VI) - IT - |
03274840242 |
Managing
Director |
Active |
Registered |
|
Tonello Immobiliare S.r.l. |
Fara Vicentino (VI) - IT - |
03274840242 |
Director |
Active |
Registered |
|
Tonello Immobiliare S.r.l. |
Fara Vicentino (VI) - IT - |
03274840242 |
Board Chairman |
Active |
Registered |
|
Aest Srl |
Gorizia (GO) - IT - |
01101370318 |
Director |
Active |
Registered |
|
Aest Srl |
Gorizia (GO) - IT - |
01101370318 |
Board Chairman |
Active |
Registered |
|
Tonello Vision S.r.l. - In Liquidazione |
Fara Vicentino (VI) - IT - |
03365590243 |
Liquidator |
Active |
Registered |
|
Tonello Hydro S.r.l. |
Fara Vicentino (VI) - IT - |
03823770247 |
Director |
Active |
Registered |
|
Tonello Hydro S.r.l. |
Fara Vicentino (VI) - IT - |
03823770247 |
Board Chairman |
Active |
Registered |
|
|
Vicentini |
Alberto |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Tonello Hydro S.r.l. |
Fara Vicentino (VI) - IT - |
03823770247 |
Managing
Director |
Active |
Registered |
|
Tonello Hydro S.r.l. |
Fara Vicentino (VI) - IT - |
03823770247 |
Director |
Active |
Registered |
|
Bt Energy S.r.l. |
Collepasso (LE) - IT - |
04363930753 |
Managing
Director |
Active |
Registered |
|
Bt Energy S.r.l. |
Collepasso (LE) - IT - |
04363930753 |
Director |
Active |
Registered |
|
Bt Energy S.r.l. |
Collepasso (LE) - IT - |
04363930753 |
Responsible
technician |
Active |
Registered |
|
Bt Energy Solution S.r.l. |
Collepasso (LE) - IT - |
04515740753 |
Sole Director |
Active |
Registered |
|
Vicentini Energie S.r.l. |
Vicenza (VI) - IT - |
03727190245 |
Sole Director |
Active |
Registered |
|
Vicentini Energie S.r.l. |
Vicenza (VI) - IT - |
03727190245 |
Sole partner |
Active |
Registered |
|
Tonello Clean 3 S.r.l. |
Vicenza (VI) - IT - |
03789060245 |
Sole Director |
Active |
Registered |
|
Cosmo Energy S.r.l. |
Vicenza (VI) - IT - |
03789100249 |
Director |
Active |
Registered |
|
Tonello Clean 1 S.r.l. |
Vicenza (VI) - IT - |
03789130246 |
Sole Director |
Active |
Registered |
|
Nogara Solar S.r.l. |
Fara Vicentino (VI) - IT - |
03828540249 |
Sole Director |
Active |
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 |
|
Sbalchiero Maurizio |
Grisignano di Zocco - IT - |
SBLMRZ73L13L840Z |
5.000 .Eur |
10,00 |
|
Tonello S.r.l. |
01616900245 |
30.000 .Eur |
60,00 |
|
|
Vicentini Energie S.r.l. |
03727190245 |
15.000 .Eur |
30,00 |
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 |
|
Bordalucchi |
, 3 |
- 36030 |
- Fara Vicentino |
(VI) |
- IT - |
|
- |
Branch |
(Store) |
since 20/04/2009 |
|
Della Fisica |
, 1/3 |
- 36030 |
- Sarcedo |
(VI) |
- IT - |
|
- |
Branch |
(Store) |
since 22/02/2011 |
|
Santa Potenza |
, SN |
- 73040 |
- Alliste |
(LE) |
- IT - |
|
- |
Branch |
since 20/01/2012 |
|
Lotto 44 |
, SN |
- 73040 |
- Collepasso |
(LE) |
- IT - |
|
- |
Branch |
(Store) |
since 22/02/2011 |
|
Umbria |
, 14 |
- 35043 |
- Monselice |
(PD) |
- IT - |
|
Employees |
: 15 |
|
Fittings and Equipment for a value of
2.460.000 |
Eur |
|
Stocks for a value of 240.000 |
Eur |
|
Work in progress for a value of 11.000 |
Eur |
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
Company's starting of activities dates back
to 2008.
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 85,73% in 2012 but
without a significant increase in the turnover.
The return on Investment in the last
financial year was positive (25,51%) and is higher than the sector's average.
The amount of the operating result is equal
to Eur. 3.080.702 with a 23,69% growth.
The G.O.M. amounted to Eur. 3.307.735 with a
27,32% growth.
The company has an excellent net worth if
compared to its debts, with a low indebtedness (0,74) lower than in 2011.
With regard to equity capital, an amount of
Eur. 4.084.579 is registered. , unchanged as opposed to the preceding year.
Total indebtedness amounts to Eur.
7.873.997, as opposed to Eur. 20.357.940 in 2011, with a decrease equal to
-61,32%.
Bank and suppliers credit recourse is
limited, 78,82 gg. is payment average period which is also lower than the
sector average.
The management determines a good range of
liquidity.
Trade credits average terms are 25,18 days.
, shorter than the sector's average.
As far as the cash flow is concerned during
the latest financial year it amounted to Eur. 3.728.765
Labour cost amounts to Eur. 648.272, with a
2,49% incidence on production costs. , with a 1,65% incidence on turnover.
Financial incomes cover financial charges.
Financial
Data
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
39.173.419 |
|
Profit (Loss) for the period |
3.501.732 |
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
39.594.341 |
|
Profit (Loss) for the period |
1.655.973 |
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
20.091.602 |
|
Profit (Loss) for the period |
1.018.375 |
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 |
0,24 |
0,12 |
0,22 |
0,12 |
|
Elasticity Ratio |
Units |
0,74 |
0,88 |
0,77 |
0,85 |
|
Availability of stock |
Units |
0,02 |
0,55 |
0,46 |
0,13 |
|
Total Liquidity Ratio |
Units |
0,72 |
0,33 |
0,31 |
0,67 |
|
Quick Ratio |
Units |
0,40 |
0,20 |
0,15 |
0,04 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
0,74 |
3,78 |
4,49 |
5,09 |
|
Self Financing Ratio |
Units |
0,34 |
0,17 |
0,15 |
0,13 |
|
Capital protection Ratio |
Units |
0,13 |
0,58 |
0,56 |
0,49 |
|
Liabilities consolidation quotient |
Units |
0,01 |
0,00 |
0,00 |
0,11 |
|
Financing |
Units |
1,93 |
4,99 |
5,45 |
6,19 |
|
Permanent Indebtedness Ratio |
Units |
0,34 |
0,17 |
0,16 |
0,25 |
|
M/L term Debts Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,08 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,89 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,40 |
1,46 |
0,72 |
1,81 |
|
Current ratio |
Units |
1,14 |
1,06 |
0,92 |
1,12 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,11 |
0,39 |
0,37 |
0,95 |
|
Structure's primary quotient |
Units |
1,39 |
1,45 |
0,72 |
1,04 |
|
Treasury's primary quotient |
Units |
0,62 |
0,24 |
0,18 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
295,65 |
599,70 |
646,02 |
769,78 |
|
Current Capital ( net ) |
Value |
1.099.522 |
1.234.601 |
-1.103.005 |
76.802 |
|
RETURN |
|||||
|
Return on Sales |
% |
9,52 |
4,45 |
5,47 |
2,96 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
85,73 |
40,56 |
41,96 |
8,95 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
110,71 |
61,58 |
63,19 |
29,42 |
|
Return on Investment ( R.O.I. ) |
% |
25,51 |
10,17 |
10,01 |
5,23 |
|
Return/ Sales |
% |
7,86 |
6,29 |
7,81 |
4,98 |
|
Extra Management revenues/charges incid. |
% |
113,67 |
66,49 |
64,86 |
24,55 |
|
Cash Flow |
Value |
3.728.765 |
1.763.244 |
1.098.504 |
43.211 |
|
Operating Profit |
Value |
3.080.702 |
2.490.571 |
1.570.098 |
70.778 |
|
Gross Operating Margin |
Value |
3.307.735 |
2.597.842 |
1.650.227 |
101.164 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
25,18 |
23,99 |
43,37 |
151,02 |
|
Debts to suppliers average term |
Days |
78,82 |
72,01 |
99,50 |
170,53 |
|
Average stock waiting period |
Days |
2,19 |
123,26 |
129,88 |
37,36 |
|
Rate of capital employed return ( Turnover
) |
Units |
3,24 |
1,62 |
1,28 |
1,16 |
|
Rate of stock return |
Units |
164,41 |
2,92 |
2,77 |
9,15 |
|
Labour cost incidence |
% |
1,65 |
1,59 |
2,02 |
21,18 |
|
Net financial revenues/ charges incidence |
% |
0,32 |
0,28 |
0,11 |
-1,34 |
|
Labour cost on purchasing expenses |
% |
2,49 |
1,43 |
1,64 |
21,47 |
|
Short-term financing charges |
% |
1,33 |
n.c. |
n.c. |
2,18 |
|
Capital on hand |
% |
30,83 |
61,84 |
78,03 |
86,08 |
|
Sales pro employee |
Value |
1.958.670 |
2.083.912 |
1.674.300 |
145.714 |
|
Labour cost pro employee |
Value |
32.413 |
33.124 |
33.752 |
32.556 |
Market
/ Territory Data
|
Population living in the province |
: |
831.356 |
|
Population living in the region |
: |
4.699.950 |
|
Number of families in the region |
: |
1.813.210 |
Monthly family
expenses average in the region (in Eur..) :
|
- per food products |
: |
456 |
|
- per non food products |
: |
2.052 |
|
- per energy consume |
: |
127 |
Sector
Data
The values are calculated on a base of 4.211
significant companies.
The companies cash their credits on an
average of 151 dd.
The average duration of suppliers debts is
about 171 dd.
The sector's profitability is on an average
of 2,96%.
The labour cost affects the turnover in the
measure of 21,18%.
Goods are held in stock in a range of 37 dd.
The difference between the sales volume and
the resources used to realize it is about 1,16.
The employees costs represent the 21,47% of
the production costs.
Statistical
Detrimental Data
Statistically the trade activity passes
through serious crises.
The area is statistically considered lowly
risky.
In the region 13.782 protested subjects are
found; in the province they count to 2.234.
The insolvency index for the region is 0,30,
, while for the province it is 0,27.
Total Bankrupt companies in the province :
2.546.
Total Bankrupt companies in the region :
16.714.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.21 |
|
UK Pound |
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.80.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.