MIRA
INFORM REPORT
|
Report Date : |
20.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
PU MIX
TECHNOLOGIES S.R.L. |
|
|
|
|
Registered Office : |
Via Degli Artigiani, 17, 35042 – Este
(PD) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
25.02.2011 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of machinery for
the plastic and rubber industry (including spare parts and accessories) |
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|
|
|
No of Employees : |
From 1 to 5 Employees |
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 |
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|
|
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Payment Behaviour : |
Slow But Correct |
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|
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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
Pu Mix Technologies S.r.l.
Via Degli Artigiani, 17
35042 - Este (PD) -IT-
Summary
|
Fiscal Code |
: |
04547070286 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
22/03/2011 |
|
Equity |
: |
80.000 |
|
Turnover Range |
: |
1.500.000/2.000.000 |
|
Number of Employees |
: |
From 1 To 5 |
Activity
Manufacture of machinery for the
plastic and rubber industry (including spare parts and accessories)
Legal Data
Legal Form : Limited liability
company
|
Fiscal Code : 04547070286 |
|
Chamber of Commerce no. : 398507 of Padova
since 02/03/2011 |
|
V.A.T. Code : 04547070286 |
|
Establishment date |
: 25/02/2011 |
|
|
Start of Activities |
: 22/03/2011 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 60.000 |
|
|
Subscribed Capital |
: 60.000 |
|
|
Paid up Capital |
: 15.000 |
|
Members
|
|
Bettella |
Alessandro |
|
|
|
Born in Padova |
(PD) |
on 10/05/1963 |
- Fiscal Code : BTTLSN63E10G224Q |
|
|
|
Residence: |
|
Monteverdi |
, 4 |
- 35020 |
Ponte San Nicolo' |
(PD) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
22/03/2011 |
|
|
|
Board Chairman |
22/03/2011 |
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|
|
|
No
Prejudicial events are reported |
|
|
No Protests
registered |
|
|
Ceoldo |
Massimo |
|
|
|
Born in Piove di Sacco |
(PD) |
on 03/03/1980 |
- Fiscal Code : CLDMSM80C03G693X |
|
|
|
Residence: |
|
Ca' Ferrante |
, 30 |
- 35020 |
Casalserugo |
(PD) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
22/03/2011 |
|
|
|
Managing Director |
22/03/2011 |
|
|
|
|
No
Prejudicial events are reported |
|
|
No Protests
registered |
|
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Pitzalis Ilenia |
|
|
|
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
|
|
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No
Prejudicial events are reported |
|
|
No Protests
registered |
|
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Frigo Chiara |
|
|
|
|
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.
|
|
Bettella |
Alessandro |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Techno Pu.ma. S.r.l. |
Conselve (PD) - IT - |
03931850287 |
Director |
Withdrawn |
Registered |
|
Techno Pu.ma. S.r.l. |
Conselve (PD) - IT - |
03931850287 |
Assistant board
Chairman |
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 |
|
Pitzalis Ilenia |
|
PTZLNI78R53B354V |
45.000 .Eur |
75,00 |
|
Frigo Chiara |
|
FRGCHR78C68G224C |
15.000 .Eur |
25,00 |
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 |
|
|
|
|
|
|
|
Degli Artigiani |
, 17 |
- 35042 |
- Este |
(PD) |
- IT - |
|
|
|
|
Employees |
: 5 |
|
Stocks for a value of 340.000 |
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
The company has been active for
some years.
On the base of the latest 2
financial accounts, an economic-financial analysis has been developed.
Under an economic point of view,
profits were registered during the last years with a r.o.e. of 6,13% in 2012
and during the last financial year an increase in sales volume was registered
(+37,92% in 2012).
The operating result was
positive in the last financial year (2,35%) and in line with the sector's
average.
The operating result is positive
and amounts to Eur. 20.711 increasing if compared to the yeart 2011.
During the latest financial year
the gross operating margin amounted to Eur. 26.333 showing a 38,37% growth.
The financial position is not
well balanced as the volume of debts is fairly remarkable if compared to
shareholder's equity, in fact total debts are 8,93 which is also improving if
compared to the previous year.
It's shareholders funds amount
to Eur. 65.691 on the same levels as the year before.
Eur. 781.726 is the amount of
total debts, both commercial and of different nature, , with no sensible
variation.
Available funds are good.
2012 financial year closed with
a cash flow of Eur. 9.649
Labour cost amounts to Eur.
277.968, with a 16,56% incidence on production costs. and a 17,74% incidence on
sales volumes.
Limited financial charges in
relation to sales volume.
Financial Data
|
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.566.900 |
|
Profit (Loss) for the period |
4.027 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.136.012 |
|
Profit (Loss) for the period |
1.663 |
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 |
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RATIOS |
Value
Type |
as at 31/12/2012 |
as at 31/12/2011 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
Rigidity Ratio |
Units |
0,03 |
0,04 |
0,18 |
|
Elasticity Ratio |
Units |
0,97 |
0,96 |
0,80 |
|
Availability of stock |
Units |
0,39 |
0,31 |
0,24 |
|
Total Liquidity Ratio |
Units |
0,58 |
0,65 |
0,48 |
|
Quick Ratio |
Units |
0,22 |
0,35 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
Net Short-term indebtedness |
Units |
8,93 |
6,47 |
3,25 |
|
Self Financing Ratio |
Units |
0,07 |
0,08 |
0,19 |
|
Capital protection Ratio |
Units |
0,03 |
0,00 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,01 |
0,01 |
0,19 |
|
Financing |
Units |
11,90 |
10,72 |
3,80 |
|
Permanent Indebtedness Ratio |
Units |
0,09 |
0,09 |
0,36 |
|
M/L term Debts Ratio |
Units |
0,01 |
0,01 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
0,00 |
0,63 |
|
CORRELATION |
|
|
|
|
|
Fixed assets ratio |
Units |
3,30 |
2,42 |
1,75 |
|
Current ratio |
Units |
1,09 |
1,07 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,66 |
0,73 |
0,81 |
|
Structure's primary quotient |
Units |
2,81 |
2,26 |
1,03 |
|
Treasury's primary quotient |
Units |
0,25 |
0,40 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
1343,39 |
1198,25 |
516,42 |
|
Current Capital ( net ) |
Value |
71.066 |
48.427 |
422.465 |
|
RETURN |
|
|
|
|
|
Return on Sales |
% |
0,62 |
0,41 |
3,35 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
6,13 |
2,70 |
5,13 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
31,27 |
25,17 |
14,77 |
|
Return on Investment ( R.O.I. ) |
% |
2,35 |
2,17 |
4,16 |
|
Return/ Sales |
% |
1,32 |
1,41 |
4,11 |
|
Extra Management revenues/charges incid. |
% |
19,44 |
10,36 |
28,57 |
|
Cash Flow |
Value |
9.649 |
4.636 |
122.482 |
|
Operating Profit |
Value |
20.711 |
16.057 |
144.752 |
|
Gross Operating Margin |
Value |
26.333 |
19.030 |
241.990 |
|
MANAGEMENT |
|
|
|
|
|
Credits to clients average term |
Days |
n.c. |
n.c. |
111,85 |
|
Debts to suppliers average term |
Days |
n.c. |
136,36 |
128,30 |
|
Average stock waiting period |
Days |
78,23 |
72,20 |
80,43 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,78 |
1,54 |
1,08 |
|
Rate of stock return |
Units |
4,60 |
4,99 |
4,45 |
|
Labour cost incidence |
% |
17,74 |
15,64 |
19,12 |
|
Net financial revenues/ charges incidence |
% |
-0,01 |
-0,05 |
-1,08 |
|
Labour cost on purchasing expenses |
% |
16,56 |
13,95 |
19,02 |
|
Short-term financing charges |
% |
0,06 |
0,08 |
2,68 |
|
Capital on hand |
% |
56,32 |
65,04 |
91,91 |
|
Sales pro employee |
Value |
195.862 |
227.202 |
198.432 |
|
Labour cost pro employee |
Value |
34.746 |
35.528 |
35.779 |
Market / Territory Data
|
Population living in the province |
: |
882.779 |
|
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 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.
Statistical Detrimental Data
Statistically the trade activity
shows periods of crisis.
The area is statistically
considered moderately risky.
In the region 13.782 protested
subjects are found; in the province they count to 2.646.
The insolvency index for the
region is 0,30, , while for the province it is 0,30.
Total Bankrupt companies in the
province : 3.821.
Total Bankrupt companies in the
region : 16.714.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.43 |
|
UK Pound |
1 |
Rs.98.28 |
|
Euro |
1 |
Rs.80.12 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.