|
Report Date : |
26.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
TRANSMATIC
SRL |
|
|
|
|
Registered Office : |
Via Volta, 10 20017 – Rho (MI) – IT - |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
21.01.1984 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Manufacture of Machinery and Equipment N.E.C. |
|
|
|
|
No. of Employees |
36 to 50 |
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 |
|
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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 |
|
Transmatic Srl |
|
Via |
Volta, |
10 |
|
20017 |
- Rho |
(MI) |
-IT- |
|
Fiscal Code |
: |
07282310155 |
|
Legal Form |
: |
Limited liability company |
|
Foundation Date |
: |
01/01/1984 |
|
Equity |
: |
500.000 |
|
Turnover Range |
: |
5.000.000/6.500.000 |
|
Number of Employees |
: |
from 36 to 50 |
MANUFACTURE OF MACHINERY AND EQUIPMENT N.E.C.
Legal Form : Limited liability company
|
Fiscal Code : 07282310155 |
|
Chamber of Commerce no. : 1151848 of Monza e Brianza |
|
Chamber of Commerce no. : 1151848 of Milano since
21/03/1984 |
|
V.A.T. Code : 07282310155 |
|
Foundation date |
: 01/01/1984 |
|
|
Establishment date |
: 21/01/1984 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 101.490 |
|
|
Subscribed Capital |
: 101.490 |
|
|
Paid up Capital |
: 101.490 |
|
|
|
Antonino |
Matteo |
|
|
|
Born in Cerignola |
(FG) |
on 20/11/1950 |
- Fiscal Code : NTNMTT50S20C514B |
|
|
|
Residence: |
|
Alessandro Fleming |
, 122 |
- 00191 |
Roma |
(RM) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Partner |
|
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Albanese |
Pietro |
|
|
|
Born in Chiavenna |
(SO) |
on 17/01/1952 |
- Fiscal Code : LBNPTR52A17C623B |
|
|
|
Residence: |
|
Don Bosco |
, 9 |
- 20020 |
Arese |
(MI) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Sole Director |
20/12/2012 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
*checkings have been performed on a national scale.
In this module are listed the companies in which members
hold or have holded positions.
|
|
Albanese |
Pietro |
|
Firm's Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Elda Immobiliare Srl |
Rho (MI) - IT - |
13455490154 |
Sole
Director |
Active |
Registered |
|
Lotus Italia S.n.c. Di De Pasquali Aroldo E C. |
Milano (MI) - IT - |
07086660151 |
Partner
of unlimit. partnership |
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.
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal
Code |
Owned
Shares |
%
Ownership |
|
Antonino Matteo |
Roma - IT - |
NTNMTT50S20C514B |
50.745
.Eur |
50,00 |
|
Albanese Pietro |
Arese - IT - |
LBNPTR52A17C623B |
35.521
.Eur |
35,00 |
|
Landry Sabine |
|
LNDSBN59P46Z112A |
15.223
.Eur |
15,00 |
The Company under review has no participations in other
Companies.
In order to carry out its activities the firm uses the
following locations:
|
- |
Legal and operative seat |
|
|
|
|
|
|
|
Volta |
, 10 |
- 20017 |
- Rho |
(MI) |
- IT - |
|
- |
Branch |
(Factory) |
since 08/09/2004 |
|
|
|
|
|
|
Enzo Ferrari |
- 20020 |
- Lazzate |
(MB) |
- IT - |
|
|
|
|
Employees |
: 41 |
|
Fittings and Equipment for a value of 660.000 |
Eur |
|
Stocks for a value of 1.690.000 |
Eur |
|
|
The firm operates abroad as exporter..
Export represents from 20% to 50% of the global turnover.
Products abroad are placed by :
|
- importers |
Protests checking on the subject firm has given a negative
result.
Search performed on a National Scale
|
|
|
Prejudicial Events Search Result: NEGATIVE |
Search performed on a specialized data base.
None reported, standing to the latest received edition of
the Official Publications.
The company is active since 1984
The economic-financial analysis has been made on the base of
the b/s of the latests three years.
Under an economic point of view, profits were registered
during the last years with a r.o.e. of 5,06% in 2012 with a good increase in
turnover (+8,64% in 2012 compared to 2011 and +10,97% in 2011 compared to
2010).
The operating result in 2012 was positive (4,22%) and in
line with the sector's average.
The amount of the operating result for the year 2012 is of
Eur. 155.541 with a -28,26% drop.
During the latest financial year the gross operating margin
amounted to Eur. 369.522 with a -23,02% fall.
The ratio between shareholder's equity and borrowed capital
is not well balanced, the indebtedness level is equal to 6,46 with an upward
trend.
Subject can manage an equity capital funds for an amount of
Eur. 426.867 on the same levels as the year before.
Eur. 2.757.239 is the amount of total debts, both commercial
and of different nature, , with no sensible variation.
The liquidity level is not optimal.
The financial management generated a cash flow of Eur.
235.565.
Labour cost expenses amount to Eur. 1.415.426 , representing
27,39% on the total of production costs. , with a 26,43% incidence on turnover.
The financial management is marked by a high incidence of
financial charges in relation to sales revenues (-2,65%).
|
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.354.674 |
|
Profit (Loss) for the period |
21.584 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.928.590 |
|
Profit (Loss) for the period |
20.418 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.441.140 |
|
Profit (Loss) for the period |
4.986 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
0,27 |
0,30 |
0,40 |
0,16 |
|
Elasticity Ratio |
Units |
0,72 |
0,69 |
0,59 |
0,82 |
|
Availability of stock |
Units |
0,46 |
0,51 |
0,41 |
0,20 |
|
Total Liquidity Ratio |
Units |
0,26 |
0,18 |
0,17 |
0,56 |
|
Quick Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,04 |
|
COMPOSITION
ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
6,46 |
6,10 |
5,53 |
3,10 |
|
Self Financing Ratio |
Units |
0,12 |
0,12 |
0,13 |
0,19 |
|
Capital protection Ratio |
Units |
0,71 |
0,70 |
0,72 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,13 |
0,12 |
0,12 |
0,16 |
|
Financing |
Units |
6,46 |
6,10 |
5,54 |
4,16 |
|
Permanent Indebtedness Ratio |
Units |
0,21 |
0,21 |
0,23 |
0,38 |
|
M/L term Debts Ratio |
Units |
0,10 |
0,09 |
0,09 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
0,02 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
0,81 |
0,72 |
0,57 |
1,80 |
|
Current ratio |
Units |
0,97 |
0,94 |
0,79 |
1,24 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,35 |
0,24 |
0,23 |
0,96 |
|
Structure's primary quotient |
Units |
0,44 |
0,41 |
0,34 |
1,18 |
|
Treasury's primary quotient |
Units |
0,00 |
0,00 |
0,00 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
862,63 |
828,99 |
744,01 |
534,62 |
|
Current Capital ( net ) |
Value |
-95.534 |
-159.546 |
-453.260 |
881.162 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
4,40 |
5,75 |
2,93 |
3,66 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
5,06 |
5,04 |
1,30 |
8,90 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
11,15 |
18,10 |
12,09 |
19,94 |
|
Return on Investment ( R.O.I. ) |
% |
4,22 |
6,45 |
7,60 |
5,24 |
|
Return/ Sales |
% |
2,90 |
4,40 |
4,90 |
4,57 |
|
Extra Management revenues/charges incid. |
% |
13,88 |
9,42 |
2,29 |
35,24 |
|
Cash Flow |
Value |
235.565 |
283.623 |
130.347 |
214.985 |
|
Operating Profit |
Value |
155.541 |
216.836 |
217.638 |
310.321 |
|
Gross Operating Margin |
Value |
369.522 |
480.041 |
342.999 |
419.513 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
n.c. |
n.c. |
n.c. |
117,11 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
n.c. |
124,74 |
|
Average stock waiting period |
Days |
113,75 |
125,18 |
96,24 |
56,77 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,45 |
1,47 |
1,55 |
1,11 |
|
Rate of stock return |
Units |
3,16 |
2,88 |
3,74 |
6,23 |
|
Labour cost incidence |
% |
26,43 |
27,14 |
25,11 |
17,11 |
|
Net financial revenues/ charges incidence |
% |
-2,65 |
-2,68 |
-3,20 |
-0,80 |
|
Labour cost on purchasing expenses |
% |
27,39 |
25,12 |
24,97 |
17,78 |
|
Short-term financing charges |
% |
5,14 |
5,34 |
6,66 |
2,20 |
|
Capital on hand |
% |
68,77 |
68,17 |
64,48 |
89,56 |
|
Sales pro employee |
Value |
121.697 |
120.209 |
130.621 |
208.953 |
|
Labour cost pro employee |
Value |
32.168 |
32.630 |
32.797 |
36.854 |
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.
|
Population living in the province |
: |
3.839.216 |
|
Population living in the region |
: |
9.393.092 |
|
Number of families in the region |
: |
3.858.736 |
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
460 |
|
- per non food products |
: |
2.090 |
|
- per energy consume |
: |
114 |
Statistcally the trade activity shows periods of crisis.
The area is statistically considered lowly risky.
In the region 50.886 protested subjects are found; in the
province they count to 24.765.
The insolvency index for the region is 0,55, , while for the
province it is 0,66.
Total Bankrupt companies in the province : 22.523.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.48 |
|
|
1 |
Rs.98.67 |
|
Euro |
1 |
Rs.79.80 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
PDT |
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.