MIRA
INFORM REPORT
|
Report Date : |
09.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
A.S.T. ITALIA S.R.L. |
|
|
|
|
Registered Office : |
Via Privata Firenze, 2 18039 –
Ventimiglia (IM) |
|
|
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|
Country : |
Italy |
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|
|
|
Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
30.05.1991 |
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Com. Reg. No.: |
01032790089 |
|
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|
|
Legal Form : |
Sole-Member Limited Liability Company |
|
|
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|
Line of Business : |
Wholesaler of fire-prevention and
accident-prevention goods Subject product
ranges includes :- · International Classification of filters Filtering
mattresses Filters
with soft bags Rigid
bag filters High
efficiency filters Activated
carbon filters Filter
cartridges Filter
bags Hoses Special
systems Protective
Clothing Respiratory
Protection |
|
|
|
|
No of Employees : |
from 6 to 10 employees |
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 |
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Payment Behaviour : |
No Complaints |
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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
A.s.t. Italia S.r.l.
Via Privata
Firenze, 2
18039 - Ventimiglia (IM) -IT-
Summary
|
Fiscal Code |
: |
01032790089 |
|
Legal Form |
: |
Sole-Member Limited Liability Company |
|
start of Activities |
: |
04/11/1991 |
|
Equity |
: |
750.000 |
|
Turnover Range |
: |
3.000.000/3.750.000 |
|
Number of Employees |
: |
from 6 to 10 |
Activity
Wholesaler of fire-prevention and
accident-prevention goods
Subject product
ranges includes :-
· International Classification of filters
Filtering
mattresses
Filters
with soft bags
Rigid
bag filters
High
efficiency filters
Activated
carbon filters
Filter
cartridges
Filter
bags
Hoses
Special
systems
Protective
Clothing
Respiratory
Protection
Legal Data
Legal Form : Sole-Member Limited Liability
Company
|
Fiscal Code : 01032790089 |
|
Foreign Trade Reg. no. : IM003380 since
10/12/1992 |
|
Chamber of Commerce no. : 172596 of
Cremona |
|
Chamber of Commerce no. : 87565 of Imperia
since 26/07/1991 |
|
Firms' Register : 6486 of Imperia |
|
V.A.T. Code : 01032790089 |
|
Establishment date |
: 30/05/1991 |
|
|
Start of Activities |
: 04/11/1991 |
|
|
Legal duration |
: 31/12/2020 |
|
|
Nominal Capital |
: 10.400 |
|
|
Subscribed Capital |
: 10.400 |
|
|
Paid up Capital |
: 10.400 |
|
Members
|
|
Schram |
Dirk Jan |
|
|
|
Born in Krimpen Aandenjseel |
( ) |
on 14/07/1967 |
- Fiscal Code : SCHDKJ67L14Z126T |
|
|
|
Residence: |
|
S. Anna |
, 124 |
- 18039 |
Ventimiglia |
(IM) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
21/12/1998 |
|
|
|
Sole partner |
03/08/2006 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Pisano Rosalba |
|
|
|
|
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.
|
|
Schram |
Dirk Jan |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Fodec - S.r.l. Unipersonale |
Ventimiglia (IM) - IT - |
01163190083 |
Liquidator |
Withdrawn |
Ceased |
|
Imperia Import-export Di Schram Dirk Jan |
Ventimiglia (IM) - IT - |
|
Proprietor |
Withdrawn |
Ceased |
|
"progress S.r.l. In Liquidazione" |
Ventimiglia (IM) - IT - |
01363070085 |
Liquidator |
Withdrawn |
Registered |
|
Ast Italia S.r.l. |
Ventimiglia (IM) - IT - |
01472830080 |
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 |
|
Schram Dirk Jan |
Ventimiglia - IT - |
SCHDKJ67L14Z126T |
|
100,00 |
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 |
|
|
|
|
|
|
|
Privata Firenze |
, 2 |
- 18039 |
- Ventimiglia |
(IM) |
- IT - |
|
|
|
|
PHONE |
: 0184252373 |
|
|
|
|
PHONE |
: 0184221600 |
|
|
|
|
FAX |
: 0184221900 |
|
- |
Branch |
(Administrative
office) |
since 01/10/2009 |
|
|
|
|
|
|
Varaldo |
, 57 |
- 18039 |
- Ventimiglia |
(IM) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 01/07/2011 |
|
|
|
|
|
|
M.rufo |
, SNC |
- 18039 |
- Ventimiglia |
(IM) |
- IT - |
|
- |
Branch |
(Branch) |
since 01/10/2009 |
|
|
|
|
|
|
Bergamo |
, 19 |
- 26016 |
- Spino d'Adda |
(CR) |
- IT - |
|
|
|
|
Employees |
: 7 |
|
|
|
|
Assistants |
: 1 |
|
Fittings and Equipment for a value of
410.000 |
Eur |
|
Stocks for a value of 230.000 |
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 1991.
The economic-financial analysis is based on
the latest 3 b/s.
Under an economic point of view, profits
were registered during the last years with a r.o.e. of 43,74% in 2012 with a
stable trend in the turnover.
The operating result was positive in the
last financial year (33%) and higler than the field average.
The amount of the operating result is equal
to Eur. 526.907 rising (+86,1%) in relation to the previous year.
The G.O.M. amounted to Eur. 574.125 showing
an upward trend if compared to 2011.
From a financial aspect the company's status
covers total short-term debts; the indebtedness volume in 2012 is in fact 0,66
and with an upward trend compared to the previous year.
Subject can manage an equity capital funds
for an amount of Eur. 726.216 , increasing by 67,49% if compared to the year
before.
Total debts recorded amounted to Eur. 720.470
(Eur. 12.513 of which were m/l term debts) as opposed to Eur. 1.106.597 in
2011, with a decrease equal to -34,89%.
Bank and suppliers credit recourse is
limited, 58,02 gg. is payment average period below the sector's average.
Payments are supported by good current
assets.
As far as the collection of credit goes, the
average is high (100,89 days). , as it normally happens in the sector.
As far as the cash flow is concerned during
the latest financial year it amounted to Eur. 364.861
In the last financial year labour cost was
of Eur. 228.211, with a 7,41% incidence on total costs of production. , with a
6,53% incidence on turnover.
Limited financial charges in relation to
sales volume.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
3.495.768 |
|
Profit (Loss) for the period |
317.643 |
|
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
3.753.088 |
|
Profit (Loss) for the period |
162.013 |
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
3.462.682 |
|
Profit (Loss) for the period |
144.027 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.800.175 |
|
Profit (Loss) for the period |
40.393 |
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 |
|
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|
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 |
0,08 |
0,08 |
0,08 |
0,10 |
|
Elasticity Ratio |
Units |
0,91 |
0,91 |
0,92 |
0,87 |
|
Availability of stock |
Units |
0,14 |
0,13 |
0,08 |
0,21 |
|
Total Liquidity Ratio |
Units |
0,77 |
0,78 |
0,84 |
0,61 |
|
Quick Ratio |
Units |
0,14 |
0,04 |
0,08 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
0,66 |
2,17 |
3,55 |
4,04 |
|
Self Financing Ratio |
Units |
0,45 |
0,27 |
0,17 |
0,16 |
|
Capital protection Ratio |
Units |
0,55 |
0,60 |
0,52 |
0,59 |
|
Liabilities consolidation quotient |
Units |
0,13 |
0,17 |
0,20 |
0,11 |
|
Financing |
Units |
0,99 |
2,55 |
4,62 |
4,85 |
|
Permanent Indebtedness Ratio |
Units |
0,51 |
0,37 |
0,30 |
0,26 |
|
M/L term Debts Ratio |
Units |
0,06 |
0,11 |
0,14 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,09 |
0,17 |
1,01 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
6,26 |
4,61 |
3,91 |
2,12 |
|
Current ratio |
Units |
2,05 |
1,49 |
1,37 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,73 |
1,27 |
1,25 |
0,88 |
|
Structure's primary quotient |
Units |
5,58 |
3,30 |
2,15 |
1,40 |
|
Treasury's primary quotient |
Units |
0,32 |
0,06 |
0,11 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
219,84 |
376,89 |
599,31 |
620,22 |
|
Current Capital ( net ) |
Value |
744.425 |
487.827 |
479.595 |
131.414 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
10,44 |
5,39 |
5,46 |
2,27 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
43,74 |
37,37 |
44,79 |
6,70 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
65,15 |
58,98 |
73,66 |
18,85 |
|
Return on Investment ( R.O.I. ) |
% |
33,00 |
17,33 |
14,36 |
4,76 |
|
Return/ Sales |
% |
15,07 |
7,54 |
7,99 |
3,70 |
|
Extra Management revenues/charges incid. |
% |
60,28 |
57,22 |
52,03 |
28,15 |
|
Cash Flow |
Value |
364.861 |
202.286 |
188.969 |
39.655 |
|
Operating Profit |
Value |
526.907 |
283.127 |
276.829 |
63.123 |
|
Gross Operating Margin |
Value |
574.125 |
323.400 |
321.771 |
99.042 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
100,89 |
122,51 |
148,81 |
119,16 |
|
Debts to suppliers average term |
Days |
58,02 |
58,81 |
102,78 |
116,83 |
|
Average stock waiting period |
Days |
23,54 |
20,90 |
15,97 |
58,39 |
|
Rate of capital employed return ( Turnover
) |
Units |
2,19 |
2,30 |
1,80 |
1,36 |
|
Rate of stock return |
Units |
15,29 |
17,23 |
22,55 |
6,14 |
|
Labour cost incidence |
% |
6,53 |
6,65 |
6,61 |
8,98 |
|
Net financial revenues/ charges incidence |
% |
-0,60 |
-0,16 |
-0,12 |
-1,08 |
|
Labour cost on purchasing expenses |
% |
7,41 |
7,03 |
7,03 |
8,98 |
|
Short-term financing charges |
% |
4,00 |
1,48 |
1,09 |
2,60 |
|
Capital on hand |
% |
45,67 |
43,54 |
55,66 |
73,17 |
|
Sales pro employee |
Value |
499.395 |
536.155 |
494.668 |
394.001 |
|
Labour cost pro employee |
Value |
32.601 |
35.645 |
32.688 |
34.340 |
Market /
Territory Data
|
Population living in the province |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
215.591Monthly 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 2.551
significant companies.
The companies cash their credits on an
average of 119 dd.
The average duration of suppliers debts is
about 117 dd.
The sector's profitability is on an average
of 2,27%.
The labour cost affects the turnover in the
measure of 8,98%.
Goods are held in stock in a range of 58 dd.
The difference between the sales volume and
the resources used to realize it is about 1,36.
The employees costs represent the 8,98% of
the production costs.
Statistical Detrimental Data
Statistically the trade activity shows
periods of crisis.
The area is statistically considered
moderately risky.
In the region 7.546 protested subjects are
found; in the province they count to 1.039.
The insolvency index for the region is 0,48,
, while for the province it is 0,50.
Total Bankrupt companies in the province :
981.
Total Bankrupt companies in the region :
7.305.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.99 |
|
UK Pound |
1 |
Rs.101.75 |
|
Euro |
1 |
Rs.83.48 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.