MIRA
INFORM REPORT
|
Report Date : |
24.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
ECOGEST S.R.L. |
|
|
|
|
Registered Office : |
Via O. Piotti, 66 Lavone, 25060 – Pezzaze
(BS) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
23.02.1990 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
· Engaged as Wholesaler of wood, semi-finished in wood and artificial wood Engaged
in Retail sale of hardware, paints, flat glass and electrical and plumbing
and heating materials |
|
|
|
|
No of Employees : |
From 01 To 05 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 |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
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
Ecogest S.r.l.
Via O. Piotti, 66
Lavone
25060 - Pezzaze (BS) -IT-
Summary
|
Fiscal Code |
: |
01571360989 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
23/07/1990 |
|
Equity |
: |
300.000 |
|
Turnover Range |
: |
3.750.000/5.000.000 |
|
Number of Employees |
: |
From 1 To 5 |
Activity
· Engaged as Wholesaler of wood, semi-finished in wood and artificial wood
Engaged
in Retail sale of hardware, paints, flat glass and electrical and plumbing and
heating materials
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 01571360989 |
|
Municipal Licence : 32 of since 08/06/1994 |
|
Foreign Trade Reg. no. : BS053477 since
12/01/1995 |
|
Foreign Trade Reg. no. : 53477 of Brescia
since 12/01/1995 |
|
Chamber of Commerce no. : 323283 of
Brescia since 21/03/1990 |
|
Chamber of Commerce no. : 78623 of
Pordenone |
|
Chamber of Commerce no. : 208598 of Trento |
|
Chamber of Commerce no. : 302626 of
Treviso |
|
Firms' Register : BS029-43312 of Brescia
since 19/02/1996 |
|
V.A.T. Code : 01571360989 |
|
R. E. C. no. : 531 of Brescia since
23/07/1990 |
|
R. E. C. no. : 720 of Brescia since
14/09/1990 |
|
Tribunal Co. Register : 43312 of since
14/03/1990 |
|
Foundation date |
: 23/02/1990 |
|
|
Establishment date |
: 23/02/1990 |
|
|
Start of Activities |
: 23/07/1990 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 100.000 |
|
|
Subscribed Capital |
: 100.000 |
|
|
Paid up Capital |
: 100.000 |
|
Members
|
|
Gatta |
Marco |
|
|
|
Born in Tavernole sul Mella |
(BS) |
on 23/08/1963 |
- Fiscal Code : GTTMRC63M23C698E |
|
|
|
Residence: |
|
Don O. Piotti |
, 31 |
- 25060 |
Pezzaze |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
01/04/2004 |
8.521 - |
0,00 |
|
Managing Director |
01/04/2004 |
8.521 - |
0,00 |
|
Director |
01/04/2004 |
8.521 - |
0,00 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Micheli |
Andrea |
|
|
|
Born in Brescia |
(BS) |
on 10/05/1970 |
- Fiscal Code : MCHNDR70E10B157V |
|
|
|
Residence: |
|
Calchera |
, 21/A |
- 25060 |
Tavernole sul Mella |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
01/04/2004 |
774 - |
0,77 |
|
Managing Director |
01/04/2004 |
774 - |
0,77 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Gatta Luca Mario |
|
|
|
|
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.
|
|
Gatta |
Marco |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Gatta Marco S.r.l. |
Pezzaze (BS) - IT - |
02116170172 |
Director |
Active |
Registered |
|
Gatta Marco S.r.l. |
Pezzaze (BS) - IT - |
02116170172 |
Person in charge |
Active |
Registered |
|
Gatta Marco S.r.l. |
Pezzaze (BS) - IT - |
02116170172 |
Managing
Director |
Active |
Registered |
|
Gatta Marco S.r.l. |
Pezzaze (BS) - IT - |
02116170172 |
Board Chairman |
Active |
Registered |
|
Immobiliare Gatta S.r.l. |
Pezzaze (BS) - IT - |
02522100987 |
Director |
Active |
Registered |
|
Immobiliare Gatta S.r.l. |
Pezzaze (BS) - IT - |
02522100987 |
Managing
Director |
Active |
Registered |
|
Immobiliare Gatta S.r.l. |
Pezzaze (BS) - IT - |
02522100987 |
Board Chairman |
Active |
Registered |
|
Nuova Iride S.r.l. |
Udine (UD) - IT - |
02637530300 |
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 |
|
Micheli Andrea |
Tavernole sul Mella - IT - |
MCHNDR70E10B157V |
5.000 .Eur |
5,00 |
|
Gatta Luca Mario |
|
GTTLMR83D05D150P |
95.000 .Eur |
95,00 |
Direct Participations
The Company under review
has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares Amount |
% Ownership |
since |
until |
Share Status |
|
Consorzio Nazionale Per La Raccolta, Il
Recupero E Il Riciclaggio Degli Imballag |
Cesenatico - IT - |
02549390405 |
|
|
|
|
Active |
Firm's location and structure
In order to carry out its activities the
firm uses the following locations:
|
- |
Legal and
operative seat |
|
since 16/04/1993 |
|
|
|
|
|
|
O. Piotti |
, 66 |
- 25060 |
- Pezzaze |
(BS) |
- IT - |
|
|
|
|
Total Surface: 65 Sq.mt. |
|
- |
Branch |
(Shop) |
since 02/11/2011 |
|
|
|
|
|
|
Bernocchi |
, 37/A |
- 25069 |
- Villa Carcina |
(BS) |
- IT - |
|
|
|
|
Trading Style: FALCOFLOOR
PAVIMENTI IN LEGNO |
|
|
|
|
Total Surface: 69 Sq.mt. |
|
- |
Branch |
(Warehouse) |
since 30/10/2006 |
|
|
|
|
|
|
Cornadella Snc |
- 33077 |
- Sacile |
(PN) |
- IT - |
|
- |
Branch |
(Shop) |
since 03/08/2011 |
|
|
|
|
|
|
Fratte |
, 51/52 |
- 38057 |
- Pergine Valsugana |
(TN) |
- IT - |
|
|
|
|
Trading Style: FALCOFLOOR PARQUET
E PAVIMENTI |
|
|
|
|
Total Surface: 135 Sq.mt. |
|
|
|
|
Employees |
: 3 |
|
|
|
|
Assistants |
: 2 |
|
Fittings and Equipment for a value of
90.000 |
Eur |
|
Stocks for a value of 260.000 |
Eur |
|
|
Historical Information and/or Firm's Status
COMPANY STYLE
MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Eco-Gest di Bontacchio Renato e C. S.a.s. |
|
16/04/1993 |
EX-MEMBERS /
EX-POSITIONS:
|
|
Bontacchio
Renato |
|
|
|
|
Born in Bovegno |
(BS) |
on 30/07/1961 |
- Fiscal Code : BNTRNT61L30B100F |
|
|
|
Fiscal residence: |
|
Guglielmo |
, 15 |
- 25060 |
Tavernole sul Mella |
(BS) |
- IT - |
|
Ex-Postions |
|
General Partner |
|
|
Piotti Dario
Piergiovanni |
|
|
|
|
Born in Brescia |
(BS) |
on 06/11/1950 |
- Fiscal Code : PTTDPR50S06B157S |
|
|
|
Fiscal residence: |
|
Kennedy |
, 23 |
- 25060 |
Tavernole sul Mella |
(BS) |
- IT - |
|
Ex-Postions |
|
Limited Partner |
|
|
Gatta |
Marco |
|
|
|
Born in Tavernole sul Mella |
(BS) |
on 23/08/1963 |
- Fiscal Code : GTTMRC63M23C698E |
|
|
|
Residence: |
|
O.piotti |
, 31 |
- 25060 |
Pezzaze |
(BS) |
- IT - |
|
Ex-Postions |
|
General Partner |
|
Board Chairman |
|
Managing Director |
|
Director |
|
|
Gatta |
Bruno |
|
|
|
Born in Gardone Val Trompia |
(BS) |
on 24/07/1956 |
- Fiscal Code : GTTBRN56L24D918S |
|
|
|
Fiscal residence: |
|
PIotti |
, 11 |
- 25060 |
Pezzaze |
(BS) |
- IT - |
|
Ex-Postions |
|
Limited Partner |
|
|
Pelizzari |
Mara Flavia |
|
|
|
Born in Brescia |
(BS) |
on 06/08/1964 |
- Fiscal Code : PLZMFL64M46B157W |
|
|
|
Residence: |
|
Kennedy |
, 26 |
- 25060 |
Tavernole sul Mella |
(BS) |
- IT - |
|
Ex-Postions |
|
Limited Partner |
|
|
Micheli |
Andrea |
|
|
|
Born in Brescia |
(BS) |
on 10/05/1970 |
- Fiscal Code : MCHNDR70E10B157V |
|
|
|
Residence: |
|
Calchera |
, 21/A |
- 25060 |
Tavernole sul Mella |
(BS) |
- IT - |
|
Ex-Postions |
|
General Partner |
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.
Under the financial profile unstable results
are noted. with a negative economic result in the last financial year. The
turnover is growing in the last financial year (+7,71%).
The operating result was positive in the
last financial year (2,03%) falling within the field's average.
The amount of the operating result for the
year 2012 is of Eur. 36.508 showing a downwards trend equal to -41,1% if
compared to the value of the financial year 2011.
The G.O.M. amounted to Eur. 59.201 , with a
-23,02% decrease.
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 4,44 with an upward trend.
With regard to equity capital, an amount of
Eur. 277.447 is registered. on stable levels.
During the last financial year total debts
volume reached Eur. 1.444.933 (Eur. 177.329 were m/l term ones) , rising as
opposed to the previous year (+20,97%).
Liquidity is good.
During financial year 2012 the cash flow amounted
to Eur. 6.325
Labour cost amounts to Eur. 109.890, with a
2,61% incidence on production costs. , whereas the incidence on sales revenues
is of 2,6%.
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 |
4.234.074 |
|
Profit (Loss) for the period |
-16.368 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
3.930.969 |
|
Profit (Loss) for the period |
12.222 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
3.585.269 |
|
Profit (Loss) for the period |
-2.260 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.191.111 |
|
Profit (Loss) for the period |
8.343 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.514.387 |
|
Profit (Loss) for the period |
4.131 |
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 |
0,13 |
0,10 |
0,02 |
0,13 |
|
Elasticity Ratio |
Units |
0,87 |
0,90 |
0,98 |
0,86 |
|
Availability of stock |
Units |
0,14 |
0,14 |
0,23 |
0,43 |
|
Total Liquidity Ratio |
Units |
0,73 |
0,76 |
0,75 |
0,31 |
|
Quick Ratio |
Units |
0,02 |
0,02 |
0,03 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
4,44 |
3,67 |
3,52 |
3,98 |
|
Self Financing Ratio |
Units |
0,15 |
0,19 |
0,21 |
0,15 |
|
Capital protection Ratio |
Units |
0,70 |
0,62 |
0,65 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,15 |
0,08 |
0,01 |
0,18 |
|
Financing |
Units |
5,21 |
4,07 |
3,64 |
5,26 |
|
Permanent Indebtedness Ratio |
Units |
0,26 |
0,24 |
0,21 |
0,33 |
|
M/L term Debts Ratio |
Units |
0,11 |
0,06 |
0,00 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
2,74 |
0,90 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,99 |
2,39 |
13,21 |
2,05 |
|
Current ratio |
Units |
1,23 |
1,25 |
1,31 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,03 |
1,06 |
1,00 |
0,51 |
|
Structure's primary quotient |
Units |
1,18 |
1,84 |
12,95 |
1,01 |
|
Treasury's primary quotient |
Units |
0,03 |
0,03 |
0,03 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
648,82 |
531,06 |
486,47 |
648,19 |
|
Current Capital ( net ) |
Value |
293.534 |
282.068 |
316.424 |
102.498 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
0,15 |
0,69 |
0,41 |
2,38 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-5,90 |
4,16 |
-0,80 |
3,81 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-0,75 |
10,72 |
4,92 |
11,92 |
|
Return on Investment ( R.O.I. ) |
% |
2,03 |
3,97 |
2,52 |
3,28 |
|
Return/ Sales |
% |
0,86 |
1,58 |
0,96 |
3,01 |
|
Extra Management revenues/charges incid. |
% |
-44,83 |
19,72 |
-6,55 |
24,55 |
|
Cash Flow |
Value |
6.325 |
27.143 |
14.862 |
25.464 |
|
Operating Profit |
Value |
36.508 |
61.988 |
34.484 |
32.755 |
|
Gross Operating Margin |
Value |
59.201 |
76.909 |
51.606 |
54.739 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
n.c. |
n.c. |
98,98 |
61,66 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
18,57 |
139,97 |
|
Average stock waiting period |
Days |
21,69 |
19,70 |
32,04 |
132,27 |
|
Rate of capital employed return ( Turnover
) |
Units |
2,35 |
2,52 |
2,62 |
1,09 |
|
Rate of stock return |
Units |
16,60 |
18,27 |
11,23 |
2,67 |
|
Labour cost incidence |
% |
2,60 |
1,19 |
0,79 |
10,50 |
|
Net financial revenues/ charges incidence |
% |
-1,03 |
-0,78 |
-0,58 |
-1,44 |
|
Labour cost on purchasing expenses |
% |
2,61 |
1,21 |
0,80 |
10,43 |
|
Short-term financing charges |
% |
3,18 |
2,57 |
2,02 |
2,33 |
|
Capital on hand |
% |
42,52 |
39,69 |
38,21 |
91,36 |
|
Sales pro employee |
Value |
1.411.358 |
3.930.969 |
3.585.269 |
286.155 |
|
Labour cost pro employee |
Value |
36.630 |
46.783 |
28.418 |
32.316 |
Market / Territory Data
|
Population living in the province |
: |
1.169.259 |
|
Population living in the region |
: |
9.393.092 |
|
Number of families in the region |
: |
3.858.736 |
Monthly family
expenses average in the region (in Eur..) :
|
- per food products |
: |
460 |
|
- per non food products |
: |
2.090 |
|
- per energy consume |
: |
114 |
Sector Data
The values are calculated on a base of 4.015
significant companies.
The companies cash their credits on an
average of 62 dd.
The average duration of suppliers debts is
about 140 dd.
The sector's profitability is on an average
of 2,38%.
The labour cost affects the turnover in the
measure of 10,50%.
Goods are held in stock in a range of 132
dd.
The difference between the sales volume and
the resources used to realize it is about 1,09.
The employees costs represent the 10,43% 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 50.886 protested subjects are
found; in the province they count to 5.551.
The insolvency index for the region is 0,55,
, while for the province it is 0,48.
Total Bankrupt companies in the province :
3.452.
Total Bankrupt companies in the region :
39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.48 |
|
UK Pound |
1 |
Rs.98.67 |
|
Euro |
1 |
Rs.79.81 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.