MIRA INFORM REPORT

 

 

Report Date :

28.06.2014    

 

IDENTIFICATION DETAILS

 

Name :

FILIPPI LIDO SRL

 

 

Registered Office :

Via Matteotti,  SNC Donoratico 57024 Castagneto Carducci         (LI)

 

 

Country :

Italy

 

 

Date of Incorporation :

10.12.1990

 

 

Legal Form :

Limited liability company

 

 

Line of Business :

Building of pleasure and sporting boats

 

 

No. of Employees

From 36 to 50

 

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 :

Unknown

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 and address

 

FILIPPI LIDO SRL

 

 

Via Matteotti,  SNC DONORATICO

 

57024 - Castagneto Carducci     (LI)        -IT-

 

 

Summary

 

Fiscal Code

:

00974240491

Legal Form

:

Limited liability company

start of Activities

:

10/12/1990

Equity

:

Over 2.582.254

Turnover Range

:

7.750.000/9.000.000

Number of Employees

:

from 36 to 50

 

 

Activity

 

Building of pleasure and sporting boats

 

 

Legal Data

 

Legal Form : Limited liability company

Fiscal Code : 00974240491

 

Foreign Trade Reg. no. : 4272 of Livorno since 16/06/1995

 

Chamber of Commerce no. : 89428 of Livorno since 06/03/1990

 

Firms' Register : LI009-14426 of Livorno since 19/02/1996

 

V.A.T. Code : 00974240491

 

Establishment date

: 17/01/1990

Start of Activities

: 10/12/1990

Legal duration

: 31/12/2020

Nominal Capital

: 10.200

Subscribed Capital

: 10.200

Paid up Capital

: 10.200

 


 

Members

 

Filippi

Lido

 

Born in Castagneto Carducci

(LI)

on 21/01/1939

- Fiscal Code : FLPLDI39A21C044K

 

Residence:

Ventisette Giugno

, 22/A

- 57024

Castagneto Carducci

(LI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

18/06/2012

 

No Prejudicial events are reported

 

No Protests registered

 

AGNESE CARAMELLI

 

Born in Bibbona

(LI)

on 22/11/1941

- Fiscal Code : CRMGNS41S62A852Q

 

Residence:

Parri

, 53

- 40013

Castel Maggiore

(BO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Partner

 

No Prejudicial events are reported

 

No Protests registered

 

Filippi

David

 

Born in Campiglia Marittima

(LI)

on 30/05/1970

- Fiscal Code : FLPDVD70E30B509E

 

Residence:

Cerreta

, 57

- 57022

Castagneto Carducci

(LI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

18/06/2012

 

Prejudicial Events found with cancellations*

 

Legal Mortgage - 27/02/2009. - 25.652 Euro. Event writing-off

  EQUITALIA GERIT S. P. A.

 

No Protests registered

 

*Concerns also partially erased events.

 

 

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.

 

Filippi

Lido

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

FILIPPI LIDO

Castagneto Carducci (LI) - IT -

Proprietor

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

Filippi Lido

Castagneto Carducci - IT -

FLPLDI39A21C044K

5.100 .Eur

50,00

AGNESE CARAMELLI

Castel Maggiore - IT -

CRMGNS41S62A852Q

5.100 .Eur

50,00

 

 

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

 

Matteotti

, SNC

- 57022

- Castagneto Carducci

(LI)

- IT -

 

PHONE

: 0565777311

 

-

Branch

(Operating branch)

since 01/06/2005

 

Iv Novembre

, 12G

- 57022

- Castagneto Carducci

(LI)

- IT -

 

Employees

: 46

 

Assistants

: 1

 

Fittings and Equipment for a value of 210.000

Eur

 

Stocks for a value of 1.050.000

Eur

 

 

Historical Information and/or Firm's Status

 

EX-MEMBERS / EX-POSITIONS:

 

Filippi

Lido

 

Born in Castagneto Carducci

(LI)

on 21/01/1939

- Fiscal Code : FLPLDI39A21C044K

 

Residence:

Ventisette Giugno

, 22/A

- 57024

Castagneto Carducci

(LI)

- IT -

 

Ex-Postions

Sole 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

 

Company's starting of activities dates back to 1990.

An eco-fin analysis has been made on the base od the b/s fo the years 2010, 2011 and 2012.

During the last years, it recorded positive net results (r.o.e. 14,07% in 2012)

The operating result was positive in the last financial year (11,31%) falling within the field's average.

The amount of the operating result for the year 2012 is of Eur. 657.724 recording a drop as opposed to the year before (-30,69%).

The gross operating margin of the latest financial year is of Eur. 809.525 , with a -26% decrease.

From a financial aspect the company's status covers total short-term debts; the indebtedness volume in 2012 is in fact 0,29

It's shareholders funds amount to Eur. 3.105.875 on stable levels.

During the last financial year debts totalled Eur. 1.979.909 (Eur. 225.924 of which were m/l term debts) , with no sensible variation.

Bank and suppliers credit recourse is limited, 74,88 gg. is payment average period which is also lower than the sector average.

The liquidity level is positive (1,82).

On average trade credits are collected in 31,87 days. , a value lower than the sector's average.

As far as the cash flow is concerned during the latest financial year it amounted to Eur. 588.755

Labour cost amounts to Eur. 2.088.823, with a 29,01% incidence on production costs. , with a 26,76% incidence on turnover.

The financial charges are lower than the financial incomes.

 


 

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

:

330.739

Population living in the region

:

3.598.269

Number of families in the region

:

1.474.681

 

Monthly family expences average in the region (in Eur..) :

 

- per food products

:

444

- per non food products

:

2.009

- per energy consume

:

122

 

 

Sector Data

 

The values are calculated on a base of 392 significant companies.

 

The companies cash their credits on an average of 85 dd.

The average duration of suppliers debts is about 131 dd.

The sector's profitability is on an average of 3,58%.

The labour cost affects the turnover in the measure of 16,21%.

Goods are held in stock in a range of 109 dd.

The difference between the sales volume and the resources used to realize it is about 0,82.

The employees costs represent the 13,77% of the production costs.

 

 

Statistical Detrimental Data

 

Statistcally the trade activity shows periods of crisis.

The area is statistically considered remarkably risky.

In the region 24.960 protested subjects are found; in the province they count to 3.391.

The insolvency index for the region is 0,70, , while for the province it is 1,03.

Total Bankrupt companies in the province : 1.155.

Total Bankrupt companies in the region : 20.423.


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.60.10

UK Pound

1

Rs.102.40

Euro

1

Rs.81.88

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.