MIRA INFORM REPORT
|
Report Date : |
07.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
NUOVA GIDUE S.R.L. |
|
|
|
|
Registered Office : |
Via Fratelli Cervi, 76 Capalle, 50013 - Campi
Bisenzio (FI) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
23.02.2005 |
|
|
|
|
Legal Form : |
Sole-Member Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of machinery for printing and binding (including spare
parts and accessories) |
|
|
|
|
No of Employees : |
From 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 : |
No Complaints |
|
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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 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
NUOVA GIDUE S.R.L.
Via Fratelli Cervi, 76
CAPALLE
50013 - Campi Bisenzio (FI) -IT-
Summary
|
Fiscal Code |
: |
05512550483 |
|
Legal Form |
: |
Sole-Member Limited Liability Company |
|
Start of Activities |
: |
23/02/2005 |
|
Equity |
: |
2.000.000 |
|
Turnover Range |
: |
25.000.000/35.000.000 |
|
Number of Employees |
: |
From 36 to 50 |
Activity
Manufacture of machinery for printing and
binding (including spare parts and accessories)
Legal
Data
Legal Form : Sole-Member Limited Liability
Company
|
Fiscal Code : 05512550483 |
|
Foreign Trade Reg. no. : FI074067 since
13/04/2006 |
|
Chamber of Commerce no. : 302072 of Como |
|
Chamber of Commerce no. : 552140 of
Firenze since 01/03/2005 |
|
V.A.T. Code : 05512550483 |
|
Establishment date |
: 23/02/2005 |
|
|
Start of Activities |
: 23/02/2005 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 110.000 |
|
|
Subscribed Capital |
: 110.000 |
|
|
Paid up Capital |
: 110.000 |
Members
|
|
D'annunzio |
Federico |
|
|
Born in Roma |
(RM) |
on 18/03/1964 |
- Fiscal Code : DNNFRC64C18H501P |
|
|
Residence: |
T. Minniti |
, 182 |
- 21040 |
Cislago |
(VA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
24/04/2008 |
||
|
Sole partner |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Ciapponi |
Magda |
|
|
Born in Saronno |
(VA) |
on 03/12/1959 |
- Fiscal Code : CPPMGD59T43I441R |
|
|
Residence: |
Dante |
, 243 |
- 22070 |
Rovello Porro |
(CO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
20/04/2010 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Cardinotti |
Matteo |
|
|
Born in Viareggio |
(LU) |
on 22/10/1975 |
- Fiscal Code : CRDMTT75R22L833V |
|
|
Residence: |
Fratelli Cervi |
, 76 |
- 50013 |
Campi Bisenzio |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
13/01/2014 |
|
|
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.
|
|
D'annunzio |
Federico |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Gidue S.p.a. In Liquidazione |
Turate (CO) - IT - |
02473490122 |
Chairman |
Withdrawn |
In liquidation |
|
Gidue S.p.a. In Liquidazione |
Turate (CO) - IT - |
02473490122 |
Managing
Director |
Withdrawn |
In liquidation |
|
Gidue S.p.a. In Liquidazione |
Turate (CO) - IT - |
02473490122 |
Board Chairman |
Withdrawn |
In liquidation |
|
Gidue Re S.r.l. In Liquidazione |
Turate (CO) - IT - |
02982920130 |
Sole Director |
Withdrawn |
Registered |
|
Tec Tecnologie Per L Industria Di D
Annunzio Federico |
Milano (MI) - IT - |
DNNFRC64C18H501P |
Proprietor |
Withdrawn |
Ceased |
|
Aquaflex Italia Sas Di Ferlini Mauro EC. |
Pogliano Milanese (MI) - IT - |
10534430151 |
Limited Partner |
Withdrawn |
Ceased |
|
Fedeto Societa' Semplice |
Milano (MI) - IT - |
97349730156 |
Partner |
Withdrawn |
Registered |
|
Tofede Societa' Semplice |
Milano (MI) - IT - |
97349720157 |
Partner |
Withdrawn |
Registered |
|
Tofecri Societa' Semplice |
Milano (MI) - IT - |
97349710158 |
Partner |
Withdrawn |
Registered |
|
Fedeto Management E Consulting S.a.s. Di Federico
D'annunzio E C. |
Milano (MI) - IT - |
03993450968 |
Acting partner
(in work) |
Withdrawn |
Ceased |
|
Servizi Amministrativi S.a.s. Di Cristina
Toffolo De Piante |
Milano (MI) - IT - |
05174580968 |
Limited Partner |
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 |
|
D'annunzio Federico |
Cislago - IT - |
DNNFRC64C18H501P |
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 |
|
Fratelli Cervi |
, 76 |
- 50013 |
- Campi Bisenzio |
(FI) |
- IT - |
|
- |
Branch |
(Administrative office) |
since 01/09/2009 |
|
Matteotti |
, 10 |
- 22078 |
- Turate |
(CO) |
- IT - |
|
PHONE |
: 029668181 |
|
FAX |
: 0296681842 |
|
Employees |
: 45 |
|
Fittings and Equipment for a value of
17.000 |
Eur |
|
Stocks for a value of 3.640.000 |
Eur |
Historical Information and/or Firm's Status
COMPANY STYLE
MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
NUOVA CASTAGNOLI S.R.L. |
Nuova Gidue Srl |
21/01/2009 |
EX-MEMBERS /
EX-POSITIONS:
|
|
Unione
Fiduciaria S.p.a. Societa' Fiduci |
Aria E Di
Servizi Delle Banche Popolari |
|
- Fiscal Code : 01513210151 |
|
|
Residence: |
Amedei |
, 4 |
- 20123 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Sole partner |
CEASINGS/INCORPORATIONS/MERGES:
|
|
The subj. took
over by rent the activities of |
|
|
|
|
Matteotti |
, 10 |
, 22078 |
, Turate |
(CO) |
- IT - |
|
|
Fiscal Code: 02473490122 |
|
|
Date |
: |
21/01/2009 |
|
|
The firm took
over the activity of |
|
|
|
|
VIA DEL GIGLIO 6 |
, 50100 |
, Firenze |
(FI) |
- IT - |
|
|
Fiscal Code: 04434790483 |
|
|
Date |
: |
19/07/2007 |
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 is active since 2005
Balance sheets for the years 2011, 2012 and 2013 were analyzed.
During the last years, it achieved profits (r.o.e. 14,77% on 2013) with
a remarkable upward trend (+15,16% on 2013 compared to 2012 and +24,95% on 2012
compared to 2011).
The operating result was positive in the last financial year (3,36%)
falling within the field's average.
An operating result of Eur. 401.815 has been registered. with a -71,77%
fall as against the year 2012.
The G.O.M. amounted to Eur. 787.557 showing a drop (-56,87%).
The analysis shows a fair financial position as the indebtedness volume
is acceptable (3,36) and decreasing as against 2012.
Subject can manage an equity capital funds for an amount of Eur. 1.758.469
, stable in comparison with the value of the previous year.
During the last financial year total debts volume reached Eur. 9.482.797
(Eur. 200.000 were m/l term ones) with no important change.
Moderate recourse to bank credit while the exposure towards suppliers is
rather high even if it still falls within the sector's average.
Liquidity is good (1,21)
As to due from customers, the average terms are 42,68 days. , a better
value than the sector's average.
The financial management generated a cash flow of Eur. 429.795.
Subordinate employment cost is of Eur. 2.940.029, i.e. 12,03% on total
production costs. , whereas the incidence of such costs on sales revenues is
equal to 11,38%.
No incidence of financial charges as lower than the incomes.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
25.838.606 |
|
Profit (Loss) for the period |
259.686 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
22.436.029 |
|
Profit (Loss) for the period |
877.894 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
17.954.704 |
|
Profit (Loss) for the period |
343.137 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
15.382.277 |
|
Profit (Loss) for the period |
38.075 |
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
8.100.940 |
|
Profit (Loss) for the period |
190.751 |
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 31/12/2013 - 12 Mesi - Currency: - Amounts x 1 |
|
- 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 31/12/2013 |
as at 31/12/2012 |
as at 31/12/2011 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|||||
|
Rigidity Ratio |
Units |
0,05 |
0,04 |
0,05 |
0,18 |
|
Elasticity Ratio |
Units |
0,94 |
0,96 |
0,95 |
0,80 |
|
Availability of stock |
Units |
0,30 |
0,45 |
0,35 |
0,24 |
|
Total Liquidity Ratio |
Units |
0,64 |
0,51 |
0,60 |
0,48 |
|
Quick Ratio |
Units |
0,30 |
0,20 |
0,14 |
0,03 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
3,36 |
4,21 |
9,65 |
3,25 |
|
Self Financing Ratio |
Units |
0,15 |
0,14 |
0,08 |
0,19 |
|
Capital protection Ratio |
Units |
0,79 |
0,34 |
0,27 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,07 |
0,05 |
0,05 |
0,19 |
|
Financing |
Units |
5,39 |
5,53 |
11,18 |
3,80 |
|
Permanent Indebtedness Ratio |
Units |
0,20 |
0,18 |
0,12 |
0,36 |
|
M/L term Debts Ratio |
Units |
0,05 |
0,04 |
0,04 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,63 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
3,64 |
5,17 |
2,56 |
1,75 |
|
Current ratio |
Units |
1,21 |
1,21 |
1,10 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,82 |
0,65 |
0,70 |
0,81 |
|
Structure's primary quotient |
Units |
2,69 |
4,08 |
1,64 |
1,03 |
|
Treasury's primary quotient |
Units |
0,38 |
0,26 |
0,16 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
679,11 |
698,97 |
1301,73 |
516,42 |
|
Current Capital ( net ) |
Value |
1.968.108 |
1.781.813 |
708.760 |
422.465 |
|
RETURN |
|||||
|
Return on Sales |
% |
1,66 |
4,47 |
2,63 |
3,35 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
14,77 |
58,57 |
55,27 |
5,13 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
29,11 |
99,18 |
106,73 |
14,77 |
|
Return on Investment ( R.O.I. ) |
% |
3,36 |
13,59 |
9,10 |
4,16 |
|
Return/ Sales |
% |
1,56 |
6,34 |
4,09 |
4,11 |
|
Extra Management revenues/charges incid. |
% |
64,63 |
61,68 |
46,67 |
28,57 |
|
Cash Flow |
Value |
429.795 |
1.002.826 |
472.836 |
122.482 |
|
Operating Profit |
Value |
401.815 |
1.423.375 |
735.228 |
144.752 |
|
Gross Operating Margin |
Value |
787.557 |
1.826.021 |
1.032.019 |
241.990 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
42,68 |
43,44 |
59,12 |
111,85 |
|
Debts to suppliers average term |
Days |
105,38 |
103,80 |
102,73 |
128,30 |
|
Average stock waiting period |
Days |
50,66 |
75,76 |
56,48 |
80,43 |
|
Rate of capital employed return ( Turnover
) |
Units |
2,16 |
2,14 |
2,22 |
1,08 |
|
Rate of stock return |
Units |
7,11 |
4,75 |
6,37 |
4,45 |
|
Labour cost incidence |
% |
11,38 |
10,62 |
11,36 |
19,12 |
|
Net financial revenues/ charges incidence |
% |
0,02 |
0,04 |
-0,22 |
-1,08 |
|
Labour cost on purchasing expenses |
% |
12,03 |
10,36 |
11,30 |
19,02 |
|
Short-term financing charges |
% |
0,17 |
0,08 |
0,63 |
2,68 |
|
Capital on hand |
% |
46,22 |
46,69 |
45,02 |
91,91 |
|
Sales pro employee |
Value |
283.940 |
303.189 |
284.995 |
198.432 |
|
Labour cost pro employee |
Value |
32.308 |
32.200 |
32.383 |
35.779 |
Remarks
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.
Market
/ Territory Data
|
Population living in the province |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
Monthly family expences 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 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
Statistcally the trade activity shows
periods of crisis.
The area is statistically considered
moderately risky.
In the region 24.960 protested subjects are
found; in the province they count to 5.242.
The insolvency index for the region is 0,70,
, while for the province it is 0,55.
Total Bankrupt companies in the province :
6.520.
Total Bankrupt companies in the region :
20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.39 |
|
|
1 |
Rs.98.00 |
|
Euro |
1 |
Rs.76.98 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SMN |
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.