MIRA INFORM REPORT
|
Report Date : |
21.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
NKG BERO ITALIA S.P.A. UNIPERSONALE |
|
|
|
|
Registered Office : |
Piazza San Matteo, 15/6, 16123 - Genova (GE) |
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|
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Country : |
Italy |
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|
|
Financials (as on) : |
31.12.2012 |
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|
|
|
Date of Incorporation : |
21.05.2010 |
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|
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Com. Reg. No.: |
Not Available |
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|
|
Legal Form : |
Joint stock company with sole shareholder |
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|
|
|
Line of Business : |
Wholesaler of coffee |
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|
|
|
No. of Employees |
12 |
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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Payment Behaviour : |
Slow but Correct |
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
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 high. 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 126% of GDP in
2012, and investor concerns about the broader euro-zone crisis at times have
caused borrowing costs on sovereign government debt to rise to euro-era. During
the second half of 2011 the government passed three austerity packages to
reduce its budget deficit and help bring down borrowing costs. These measures
included a hike in the value-added tax, pension reforms, and cuts to public
administration. The government also faces pressure from investors and European
partners to sustain its recent efforts to address Italy's long-standing
structural impediments to growth, such as labor market inefficiencies and
widespread tax evasion. In 2012 economic growth and labor market conditions
deteriorated, with growth at -2.3% and unemployment rising to nearly 11%, with
youth unemployment around 35%. The government has undertaken several reform
initiatives designed to increase long-term economic growth. Italy's GDP is now
7% below its 2007 pre-crisis level.
|
Source : CIA |
Company
name & address
Nkg Bero Italia S.p.a. Unipersonale
Piazza San Matteo, 15/6
16123 - Genova (GE) -IT-
Summary
|
Fiscal Code |
: |
01969250990 |
|
Legal Form |
: |
Joint stock company with sole shareholder |
|
start of Activities |
: |
07/06/2010 |
|
Equity |
: |
2.000.000 |
|
Turnover Range |
: |
75.000.000/100.000.000 |
|
Number of Employees |
: |
12 |
Activity
Wholesaler of coffee
Legal
Data
Legal Form : Joint stock company with sole
shareholder
|
Fiscal Code : 01969250990 |
|
Chamber of Commerce no. : 449054 of Genova
since 03/06/2010 |
|
V.A.T. Code : 01969250990 |
|
Establishment date |
: 21/05/2010 |
|
|
Start of Activities |
: 07/06/2010 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 1.000.000 |
|
|
Subscribed Capital |
: 1.000.000 |
Members
|
Baker Tilly
Consulaudit S.p.a. |
|
|
Residence: |
Guido Reni |
, 2/2 |
- 40100 |
Bologna |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Auditor |
25/08/2011 |
|
Frontani |
Fabio |
|
|
Born in Genova |
(GE) |
on 16/02/1956 |
- Fiscal Code : FRNFBA56B16D969L |
|
|
Residence: |
Crocco Antonio |
, 14/4 D |
- 16122 |
Genova |
(GE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
19/04/2013 |
||
|
Managing Director |
19/04/2013 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
Neumann Gruppe
Gmbh |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
21/05/2010 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
Neumann Gruppe
Gmbh |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
Garcia |
Pablo |
|
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Born in Ee |
( ) |
on 02/03/1955 |
|
|
Residence: |
Caprivistrasse |
, 8 |
Ee |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
19/04/2013 |
||
|
Board Chairman |
19/04/2013 |
|
|
No Protests
registered |
|
Lotze |
Ralf |
|
|
Born in Ee |
( ) |
on 24/07/1969 |
|
|
Residence: |
Hoboekentwiete |
, 8 A |
Ee |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
19/04/2013 |
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.
|
Frontani |
Fabio |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
MAKE A WISH ITALIA |
Genova (GE) - IT - |
95090980103 |
Legal
representative |
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 |
|
Neumann Gruppe Gmbh |
95139190102 |
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 |
|
San Matteo |
, 15/6 |
- 16100 |
- Genova |
(GE) |
- IT - |
|
Employees |
: 12 |
|
Fittings and Equipment for a value of
75.000 |
Eur |
|
Stocks for a value of 7.050.000 |
Eur |
Historical Information and/or Firm's Status
EX-MEMBERS / EX-POSITIONS:
|
Garcia |
Pablo |
|
|
Born in Ee |
( ) |
on 02/03/1955 |
|
|
Residence: |
Caprivistrasse |
, 8 |
Ee |
- IT - |
|
Ex-Postions |
|
Director |
|
Board Chairman |
|
Lotze |
Ralf |
|
|
Born in Ee |
( ) |
on 24/07/1969 |
|
|
Residence: |
Hoboekentwiete |
, 8 A |
Ee |
- IT - |
|
Ex-Postions |
|
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
The company has been active for some years.
The economic-financial analysis has been made on the base of the b/s of the latests three years.
In the economic management , good and bad results followed on by turns. with a profit (r.o.e. 58,93%) in the last financial year In the last financial year an increase in the turnover has been registered (+28,32%).
The operating result in 2012 was positive (0,06%) falling within the field's average.
The amount of the operating result for the year 2012 is of Eur. 8.103 recording a drop as opposed to the year before (-99,66%).
During the latest financial year the gross operating margin amounted to Eur. 85.855 with a -96,52% fall.
The ratio between shareholder's equity and borrowed capital is not well balanced, the indebtedness level is equal to 6,45 but on the decrease if compared to the year before.
The management generated equity capital for an amount of Eur. 1.644.172 , rising by 143,49%.
Eur. 10.976.086 is the amount of total debts, both commercial and of different nature, with no important change.
Bank borrowings' volume is slightly high but the recourse to suppliers' credit is modest which is also lower than the sector average.
Payments are supported by good current assets.
Accounts receivable average term is 17,22 days. , lower than the sector's average. Eur. 1.046.695 is the value of cash flow during the year 2012
During 2012 financial year labour costs amounted to Eur. 991.352, with a 1,19% incidence on production costs. , whereas the incidence of such costs on sales revenues is equal to 1,19%.
Financial incomes cover financial charges.
Financial Data
|
Complete balance-sheet for the year |
31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
83.002.112 |
|
Profit (Loss) for the period |
968.943 |
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
64.682.957 |
|
Profit (Loss) for the period |
-250.153 |
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.469.579 |
|
Profit (Loss) for the period |
-74.618 |
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 |
0,01 |
0,00 |
0,00 |
0,13 |
|
Elasticity Ratio |
Units |
0,99 |
0,95 |
0,99 |
0,85 |
|
Availability of stock |
Units |
0,55 |
0,58 |
0,46 |
0,16 |
|
Total Liquidity Ratio |
Units |
0,44 |
0,37 |
0,53 |
0,62 |
|
Quick Ratio |
Units |
0,03 |
0,05 |
0,00 |
0,03 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
6,45 |
16,83 |
2,90 |
5,02 |
|
Self Financing Ratio |
Units |
0,13 |
0,05 |
0,26 |
0,13 |
|
Capital protection Ratio |
Units |
-0,20 |
-0,11 |
0,00 |
0,58 |
|
Liabilities consolidation quotient |
Units |
0,00 |
0,00 |
n.c. |
0,10 |
|
Financing |
Units |
6,68 |
17,84 |
2,90 |
6,17 |
|
Permanent Indebtedness Ratio |
Units |
0,13 |
0,05 |
0,26 |
0,25 |
|
M/L term Debts Ratio |
Units |
0,00 |
0,00 |
n.c. |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
4,20 |
0,00 |
0,01 |
1,16 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
15,53 |
23,39 |
1807,39 |
1,57 |
|
Current ratio |
Units |
1,15 |
1,01 |
1,34 |
1,09 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,51 |
0,39 |
0,72 |
0,85 |
|
Structure's primary quotient |
Units |
15,07 |
22,56 |
1807,39 |
0,96 |
|
Treasury's primary quotient |
Units |
0,03 |
0,06 |
0,00 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
780,54 |
1902,85 |
389,84 |
743,68 |
|
Current Capital ( net ) |
Value |
1.679.967 |
175.053 |
905.422 |
70.465 |
|
RETURN |
|||||
|
Return on Sales |
% |
1,26 |
-0,35 |
-5,07 |
1,66 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
58,93 |
-37,05 |
-8,06 |
6,68 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
95,08 |
-42,51 |
-11,12 |
19,39 |
|
Return on Investment ( R.O.I. ) |
% |
0,06 |
19,01 |
-0,63 |
3,84 |
|
Return/ Sales |
% |
0,01 |
3,78 |
-1,54 |
2,16 |
|
Extra Management revenues/charges incid. |
% |
11957,83 |
-10,24 |
n.c. |
28,56 |
|
Cash Flow |
Value |
1.046.695 |
-224.852 |
-74.490 |
48.046 |
|
Operating Profit |
Value |
8.103 |
2.442.491 |
-22.612 |
59.910 |
|
Gross Operating Margin |
Value |
85.855 |
2.467.792 |
-22.484 |
99.701 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
17,22 |
21,68 |
169,06 |
86,56 |
|
Debts to suppliers average term |
Days |
4,00 |
49,08 |
272,27 |
100,32 |
|
Average stock waiting period |
Days |
30,57 |
41,69 |
407,41 |
31,97 |
|
Rate of capital employed return ( Turnover
) |
Units |
6,47 |
5,03 |
0,41 |
1,82 |
|
Rate of stock return |
Units |
11,78 |
8,63 |
0,88 |
11,18 |
|
Labour cost incidence |
% |
1,19 |
1,09 |
n.c. |
5,95 |
|
Net financial revenues/ charges incidence |
% |
1,86 |
-4,23 |
-5,59 |
-0,81 |
|
Labour cost on purchasing expenses |
% |
1,19 |
1,14 |
n.c. |
5,95 |
|
Short-term financing charges |
% |
0,96 |
22,98 |
3,22 |
2,18 |
|
Capital on hand |
% |
15,46 |
19,86 |
245,48 |
54,67 |
|
Sales pro employee |
Value |
2.766.737 |
2.940.134 |
507.074 |
|
|
Labour cost pro employee |
Value |
33.045 |
32.180 |
32.650 |
Market
/ Territory Data
|
Population living in the province |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
Monthly 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 5.101
significant companies.
The companies cash their credits on an
average of 87 dd.
The average duration of suppliers debts is
about 100 dd.
The sector's profitability is on an average
of 1,66%.
The labour cost affects the turnover in the
measure of 5,95%.
Goods are held in stock in a range of 32 dd.
The difference between the sales volume and
the resources used to realize it is about 1,82.
The employees costs represent the 5,95% 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 4.210.
The insolvency index for the region is 0,48,
, while for the province it is 0,48.
Total Bankrupt companies in the province :
3.970.
Total Bankrupt companies in the region :
7.305.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.74 |
|
UK Pound |
1 |
Rs.98.77 |
|
Euro |
1 |
Rs.80.52 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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.