|
Report Date : |
11.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
PROTECO S.R.L. |
|
|
|
|
Registered Office : |
Viale Pajetta, 33 13836 - Cossato(BI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
27.04.1993 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees |
From 6 to 10 |
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 |
PROTECO S.R.L.
Viale Pajetta, 33
13836 - Cossato (BI) -IT-
|
Fiscal Code |
: |
01759310020 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
27/04/1993 |
|
Equity |
: |
400.000 |
|
Turnover Range |
: |
1.250.000/1.500.000 |
|
Number of Employees |
: |
fom 6 to 10 |
Manufacture of other special-purpose machinery n.e.c. (including spare parts and accessories)
Wholesale of telephones and material
Legal Form : Limited liability company
|
Fiscal Code : 01759310020 |
|
Chamber of Commerce no. : 162259 of Biella since 30/06/1993 |
|
V.A.T. Code : 01759310020 |
|
Foundation date |
: 19/03/1993 |
|
|
Establishment date |
: 19/03/1993 |
|
|
Start of Activities |
: 27/04/1993 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 50.000 |
|
|
Subscribed Capital |
: 50.000 |
|
|
Paid up Capital |
: 50.000 |
|
Cappa Rasone |
Edda |
|
Born in Lessona |
(VC) |
on 26/05/1953 |
- Fiscal Code : CPPDDE53E66E552G |
|
Residence: |
Valle Dell' Acqua Edis |
, 62 |
- 13853 |
Lessona |
(BI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Ozino |
Marino |
|
Born in Lessona |
(VC) |
on 09/10/1949 |
- Fiscal Code : ZNOMRN49R09E552Y |
|
Residence: |
Valle Dell' Acqua Edis |
, 62 |
- 13853 |
Lessona |
(BI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
01/01/2012 |
|
No Prejudicial events are reported |
|
No Protests registered |
*checkings have been performed on a national scale.
In this module are listed the companies in which members hold or have holded positions.
|
Ozino |
Marino |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Proteco Chandra Group S.r.l. AbbreviataP.c. Group S.r.l. |
Cossato (BI) - IT - |
02236860025 |
Partner |
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.
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Cappa Rasone Edda |
Lessona - IT - |
CPPDDE53E66E552G |
30.000 .Eur |
60,00 |
|
Ozino Marino |
Lessona - IT - |
ZNOMRN49R09E552Y |
20.000 .Eur |
40,00 |
The Company under review has no participations in other Companies.
In order to carry out its activities the firm uses the following locations:
|
- |
Legal and operative seat |
|
Pajetta |
, 33 |
- 13014 |
- Cossato |
(BI) |
- IT - |
|
- |
Branch |
(Workshop) |
since 01/10/2011 |
|
Amendola |
, 90 |
- 13014 |
- Cossato |
(BI) |
- IT - |
|
Employees |
: 5 |
|
Assistants |
: 4 |
|
Fittings and Equipment for a value of 49.000 |
Eur |
|
Stocks for a value of 39.000 |
Eur |
EX-MEMBERS / EX-POSITIONS:
|
Cappa Rasone |
Edda |
|
Born in Lessona |
(VC) |
on 26/05/1953 |
- Fiscal Code : CPPDDE53E66E552G |
|
Residence: |
Valle Dell' Acqua Edis |
, 62 |
- 13853 |
Lessona |
(BI) |
- IT - |
|
Ex-Postions |
|
Limited Partner |
|
Ozino |
Marino |
|
Born in Lessona |
(VC) |
on 09/10/1949 |
- Fiscal Code : ZNOMRN49R09E552Y |
|
Residence: |
Valle Dell' Acqua Edis |
, 62 |
- 13853 |
Lessona |
(BI) |
- IT - |
|
Ex-Postions |
|
General Partner |
Protests checking on the subject firm has given a negative result.
Search performed on a National Scale
|
Prejudicial Events Search Result: NEGATIVE |
Search performed on a specialized data base.
None reported, standing to the latest received edition of the Official Publications.
Company's starting of activities dates back to 1993.
Analysis of b/s made on the fase of the financial year 2012.
the financial period 2012 closed with a profit (r.o.e. del 84,8%).
The operating result is positive (41,21%). and is higher than the sector's average.
The management generated an operating result amounting to Eur. 417.060.
Positive gross operating margin for a value of Eur. 428.241.
Very good financial situation: shareholder's equity covers short-terms debts with an indebtedness level equal to 0,19
Subject manages equity capital amounting to Eur. 329.045.
The totel indebtedness is of Eur. 661.101 , both commercial and of other nature.
Bank and suppliers credit recourse is limited, 43,79 gg. is payment average period below the sector's average.
The management determines a good range of liquidity.
Trade credits average terms are 5,73 days. , a better value than the sector's average.
2012 closed with a cash flow amounting to 2012
Subordinate employment cost is of Eur. 128.987, i.e. 13,26% on total production costs. , with a 8,79% incidence on turnover.
Financial incomes cover financial charges.
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.468.143 |
|
Profit (Loss) for the period |
279.045 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
RATIOS |
Value Type |
as at 31/12/2012 |
Sector Average |
|
COMPOSITION ON INVESTMENT |
|||
|
Rigidity Ratio |
Units |
0,02 |
0,18 |
|
Elasticity Ratio |
Units |
0,98 |
0,80 |
|
Availability of stock |
Units |
0,04 |
0,24 |
|
Total Liquidity Ratio |
Units |
0,94 |
0,48 |
|
Quick Ratio |
Units |
0,74 |
0,03 |
|
COMPOSITION ON SOURCE |
|||
|
Net Short-term indebtedness |
Units |
0,19 |
3,25 |
|
Self Financing Ratio |
Units |
0,33 |
0,19 |
|
Capital protection Ratio |
Units |
0,00 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,03 |
0,19 |
|
Financing |
Units |
2,01 |
3,80 |
|
Permanent Indebtedness Ratio |
Units |
0,34 |
0,36 |
|
M/L term Debts Ratio |
Units |
0,02 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,63 |
|
CORRELATION |
|||
|
Fixed assets ratio |
Units |
22,14 |
1,75 |
|
Current ratio |
Units |
1,50 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,44 |
0,81 |
|
Structure's primary quotient |
Units |
20,87 |
1,03 |
|
Treasury's primary quotient |
Units |
1,13 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
307,59 |
516,42 |
|
Current Capital ( net ) |
Value |
330.649 |
422.465 |
|
RETURN |
|||
|
Return on Sales (R.O.S.) |
% |
19,77 |
3,35 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
84,80 |
5,13 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
128,11 |
14,77 |
|
Return on Investment ( R.O.I. ) |
% |
41,21 |
4,16 |
|
Return/ Sales |
% |
28,41 |
4,11 |
|
Extra Management revenues/charges incid. |
% |
66,91 |
28,57 |
|
Cash Flow |
Value |
290.226 |
122.482 |
|
Operating Profit |
Value |
417.060 |
144.752 |
|
Gross Operating Margin |
Value |
428.241 |
241.990 |
|
MANAGEMENT |
|||
|
Credits to clients average term |
Days |
5,73 |
111,85 |
|
Debts to suppliers average term |
Days |
43,79 |
128,30 |
|
Average stock waiting period |
Days |
9,68 |
80,43 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,45 |
1,08 |
|
Rate of stock return |
Units |
37,20 |
4,45 |
|
Labour cost incidence |
% |
8,79 |
19,12 |
|
Net financial revenues/charges incidence |
% |
0,21 |
-1,08 |
|
Labour cost on purchasing expenses |
% |
13,26 |
19,02 |
|
Short-term financing charges |
% |
n.c. |
2,68 |
|
Capital on hand |
% |
68,94 |
91,91 |
|
Sales pro employee |
Value |
367.035 |
198.432 |
|
Labour cost pro employee |
Value |
32.246 |
35.779 |
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.
|
Population living in the province |
: |
188.197 |
|
Population living in the region |
: |
4.330.172 |
|
Number of families in the region |
: |
1.889.207 |
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
429 |
|
- per non food products |
: |
1.789 |
|
- per energy consume |
: |
135 |
The values are calculated on a base of 1.206 significant companies.
The companies cash their credits on an average of 112 dd.
The average duration of suppliers debts is about 128 dd.
The sector's profitability is on an average of 3,35%.
The labour cost affects the turnover in the measure of 19,12%.
Goods are held in stock in a range of 80 dd.
The difference between the sales volume and the resources used to realize it is about 1,08.
The employees costs represent the 19,02% of the production costs.
Statistcally the trade activity shows periods of crisis.
The area is statistically considered lowly risky.
In the region 27.019 protested subjects are found; in the province they count to 1.057.
The insolvency index for the region is 0,63, , while for the province it is 0,56.
Total Bankrupt companies in the province : 750.
Total Bankrupt companies in the region : 14.165.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.26 |
|
|
1 |
Rs.99.63 |
|
Euro |
1 |
Rs.80.59 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIS |
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.