|
Report Date : |
15.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
ANNAMARIA S.R.L. |
|
|
|
|
Registered Office : |
Via Della Pianca, 2 30028- San Michele Al Tagliamento (VE) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
29.12.1983 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
From 11 to 15 |
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 |
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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 – 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 |
ANNAMARIA
S.R.L.
Via Della Pianca, 2
30028 - San Michele Al Tagliamento (VE) -IT-
|
Fiscal Code |
: |
01670490273 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
29/12/1983 |
|
Equity |
: |
250.000 |
|
Turnover Range |
: |
1.000.000/1.250.000 |
|
Number of Employees |
: |
from 11 to 15 |
Manufacture of bed linen, table linen and furnishings
Retail sale of threads and yarns for haberdashery and
knitwear
Legal Form : Limited liability company
|
Fiscal Code : 01670490273 |
|
Foreign Trade Reg. no. : VE012038 since 23/12/1991 |
|
Foreign Trade Reg. no. : 012038 of Venezia since
23/12/1991 |
|
Chamber of Commerce no. : 175693 of Venezia since
09/08/1982 |
|
V.A.T. Code : 01670490273 |
|
Tribunal Co. Register : 19337 of |
|
Foundation date |
: 16/07/1982 |
|
|
Establishment date |
: 16/07/1982 |
|
|
Start of Activities |
: 29/12/1983 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 119.000 |
|
|
Subscribed Capital |
: 119.000 |
|
|
Paid up Capital |
: 119.000 |
|
|
Caneva |
Giovanni |
|
Born in San Michele Al Tagliamento |
(VE) |
on 03/01/1964 |
- Fiscal Code : CNVGNN64A03I040E |
|
Residence: |
Martiri Della Liberta' |
, 16 |
- 30020 |
San Michele Al Tagliamento |
(VE) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Sole Director |
16/05/2003 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
*checkings have been performed on a national scale.
In this module the companies in which members hold/held
positions are listed.
The Members of the subject firm are not reported to be
Members in other companies.
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal
Code |
Owned
Shares |
%
Ownership |
|
Caneva Giovanni |
San Michele Al Tagliamento - IT - |
CNVGNN64A03I040E |
102.779
.Eur |
86,36 |
|
Scolz Anna Maria |
SCLNMR31L70H895E |
16.220
.Eur |
13,63 |
Direct Participations
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 |
since 23/05/1989 |
|
Della Pianca |
, 2 |
- 30028 |
- San Michele Al Tagliamento |
(VE) |
- IT - |
|
Total Surface: 66 Sq.mt. |
|
PHONE |
: 043150552 |
|
FAX |
: 0431520561 |
|
- |
Branch |
(Store) |
since 27/10/2008 |
|
Martiri |
, 16 |
- 30028 |
- San Michele Al Tagliamento |
(VE) |
- IT - |
|
Employees |
: 11 |
|
Fittings and Equipment for a value of 5.000 |
Eur |
|
Stocks for a value of 670.000 |
Eur |
|
Furniture and fittings for a value of 36.000 |
Eur |
|
Vehicles for a value of 46.000 |
Eur |
The firm operates abroad as importer..
To purchase foreign products the firm uses the following
channels :
|
- its own sales net-work |
|
- its own agents |
|
- its own foreign branches |
|
- direct orders to foreign companies |
Export represents up to 20% of the global turnover.
Import comes generally from the following nations:
|
- Italy |
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement
Date |
|
General partnership |
Limited liability company |
23/05/1989 |
COMPANY STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement
Date |
|
Creazioni Annamaria di Scolz Caneva AnnaMaria e C. S.n.c. |
23/05/1989 |
COMPANY'S CAPITAL CHANGES:
|
Former Type |
Former
Amount |
New Type |
New
Amount |
Changement
Date |
|
51.646Eur |
46.481Eur |
23/05/1989 |
EX-MEMBERS / EX-POSITIONS:
|
|
Caneva |
Patrizia |
|
|
Born in San Michele Al Tagliamento |
(VE) |
on 11/08/1953 |
- Fiscal Code : CNVPRZ53M51I040Z |
|
Ex-Postions |
|
Partner |
|
Sole Director |
|
|
Caneva |
Patrizia |
|
|
Born in San Michele Al Tagliamento |
(VE) |
on 11/08/1953 |
- Fiscal Code : CNVPRZ53M51I040Z |
|
|
Fiscal residence: |
Martiri della Liberta' |
, 13 |
- 30028 |
San Michele Al Tagliamento |
(VE) |
- IT - |
|
Ex-Postions |
|
Partner |
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 firm operates with:
|
Bank Name |
Agency
Name |
Address |
ZIP
Code |
City |
ABI
Code |
CAB
Code |
|
BANCA POPOLARE FRIULADRIA SPA |
5336 |
0 |
Company's starting of activities dates back to 1983.
Balance sheets for the years 2011, 2012 and 2013 were analyzed.
Under an economic point of view, profits were registered during the last years with a r.o.e. of 3,96% in 2013
The return on Investment in the last financial year was positive (3,59%) and in line with the sector's average.
The amount of the operating result is equal to Eur. 45.319 with a 94,8% growth.
The G.O.M. amounted to Eur. 69.659 showing a 27,95% growth.
The analysis shows a fair financial position as the indebtedness volume is acceptable (2,04) and decreasing as against 2012.
The equity capital is equal to Eur. 241.189 , stable in comparison with the value of the previous year.
During the last financial year total debts volume reached Eur. 637.066 (Eur. 74.560 were m/l term ones) , a more or less stable value.
Liquidity is good.
Eur. 33.893 is the value of cash flow during the year 2013
During 2013 financial year labour costs amounted to Eur. 256.281, with a 24,75% incidence on production costs. , whereas 24,13% is the incidence on sales revenues.
Finacial chareges are high: the incidence on sales volume amounts to -2,43%
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.062.001 |
|
Profit (Loss) for the period |
9.553 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.183.922 |
|
Profit (Loss) for the period |
3.771 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.250.270 |
|
Profit (Loss) for the period |
2.109 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.460.449 |
|
Profit (Loss) for the period |
1.082 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
0,10 |
0,10 |
0,10 |
0,24 |
|
Elasticity Ratio |
Units |
0,90 |
0,89 |
0,88 |
0,72 |
|
Availability of stock |
Units |
0,53 |
0,52 |
0,51 |
0,19 |
|
Total Liquidity Ratio |
Units |
0,37 |
0,37 |
0,37 |
0,45 |
|
Quick Ratio |
Units |
0,06 |
0,00 |
0,00 |
0,02 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
2,04 |
3,33 |
3,77 |
1,93 |
|
Self Financing Ratio |
Units |
0,19 |
0,17 |
0,16 |
0,25 |
|
Capital protection Ratio |
Units |
0,47 |
0,47 |
0,47 |
0,71 |
|
Liabilities consolidation quotient |
Units |
0,77 |
0,44 |
0,37 |
0,23 |
|
Financing |
Units |
2,64 |
3,34 |
3,78 |
2,69 |
|
Permanent Indebtedness Ratio |
Units |
0,54 |
0,42 |
0,38 |
0,42 |
|
M/L term Debts Ratio |
Units |
0,35 |
0,25 |
0,22 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
1,12 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
5,59 |
4,09 |
3,71 |
1,56 |
|
Current ratio |
Units |
2,02 |
1,57 |
1,45 |
1,24 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,83 |
0,66 |
0,61 |
0,87 |
|
Structure's primary quotient |
Units |
1,99 |
1,66 |
1,56 |
1,01 |
|
Treasury's primary quotient |
Units |
0,13 |
0,00 |
0,00 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
522,80 |
588,87 |
623,87 |
407,34 |
|
Current Capital ( net ) |
Value |
576.417 |
443.963 |
388.804 |
387.489 |
|
RETURN |
|||||
|
Return on Sales |
% |
3,19 |
2,95 |
3,20 |
2,88 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
3,96 |
1,63 |
0,93 |
2,51 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
7,60 |
5,15 |
5,73 |
9,26 |
|
Return on Investment ( R.O.I. ) |
% |
3,59 |
1,71 |
1,82 |
3,77 |
|
Return/ Sales |
% |
4,27 |
1,96 |
2,07 |
3,77 |
|
Extra Management revenues/charges incid. |
% |
21,08 |
16,21 |
8,13 |
21,16 |
|
Cash Flow |
Value |
33.893 |
34.946 |
39.947 |
79.355 |
|
Operating Profit |
Value |
45.319 |
23.264 |
25.930 |
112.730 |
|
Gross Operating Margin |
Value |
69.659 |
54.439 |
63.768 |
210.674 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
n.c. |
n.c. |
n.c. |
117,72 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
n.c. |
111,36 |
|
Average stock waiting period |
Days |
228,04 |
215,19 |
208,14 |
76,26 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,84 |
0,87 |
0,88 |
1,01 |
|
Rate of stock return |
Units |
1,58 |
1,67 |
1,73 |
4,65 |
|
Labour cost incidence |
% |
24,13 |
26,07 |
24,68 |
14,67 |
|
Net financial revenues/ charges incidence |
% |
-2,43 |
-2,06 |
-1,03 |
-1,77 |
|
Labour cost on purchasing expenses |
% |
24,75 |
26,07 |
23,10 |
14,77 |
|
Short-term financing charges |
% |
4,22 |
3,32 |
2,04 |
3,20 |
|
Capital on hand |
% |
118,73 |
115,21 |
113,70 |
98,20 |
|
Sales pro employee |
Value |
132.750 |
131.546 |
138.918 |
213.243 |
|
Labour cost pro employee |
Value |
32.035 |
34.296 |
34.280 |
32.119 |
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 |
: |
829.418 |
|
Population living in the region |
: |
4.699.950 |
|
Number of families in the region |
: |
1.813.210 |
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
456 |
|
- per non food products |
: |
2.052 |
|
- per energy consume |
: |
127 |
The values are calculated on a base of 1.146 significant
companies.
The companies cash their credits on an average of 118 dd.
The average duration of suppliers debts is about 111 dd.
The sector's profitability is on an average of 2,88%.
The labour cost affects the turnover in the measure of
14,67%.
Goods are held in stock in a range of 76 dd.
The difference between the sales volume and the resources
used to realize it is about 1,01.
The employees costs represent the 14,77% of the production
costs.
Statistically the trade activity passes through serious
crises.
The area is statistically considered lowly risky.
In the region 13.782 protested subjects are found; in the
province they count to 2.633.
The insolvency index for the region is 0,30, , while for the
province it is 0,32.
Total Bankrupt companies in the province : 2.924.
Total Bankrupt companies in the region : 16.714.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.65 |
|
|
1 |
Rs.96.54 |
|
Euro |
1 |
Rs.76.70 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SNT |
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.