MIRA
INFORM REPORT
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Report Date : |
25.11.2014 |
IDENTIFICATION DETAILS
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Name : |
ASM (ADVANCED SORTING MACHINES) S.R.L. |
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Registered Office : |
Via Della Tecnica, 3/2 40050 – Argelato (BO) |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
16.03.1981 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of Automatic Machines for
Dosing, Wrapping and Packaging (Including Seperate Parts and Accessories) |
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No. of Employees : |
From 16 to 25 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Source
: CIA |
Company Name and address
Asm (Advanced
Sorting Machines) S.r.l.
Via Della Tecnica, 3/2
40050 - Argelato (BO) -IT-
Summary
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Fiscal Code |
: |
03100230378 |
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Legal Form |
: |
Limited liability company |
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start of Activities |
: |
15/01/1985 |
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Equity |
: |
1.500.000 |
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: |
3.750.000/5.000.000 |
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Number of Employees |
: |
from 16 to 25 |
Activity
Manufacture of automatic machines for
dosing, wrapping and packaging (including seperate parts and accessories)
Legal Data
Legal Form : Limited liability company
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Register of Handcraft firms : 137896 of |
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Fiscal Code : 03100230378 |
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Chamber of Commerce no. : 266021 of |
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Chamber of Commerce no. : 99752 of Teramo |
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V.A.T. Code : 03100230378 |
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Establishment date |
: 16/03/1981 |
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Start of Activities |
: 15/01/1985 |
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Legal duration |
: 31/12/2050 |
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Nominal Capital |
: 20.000 |
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Subscribed Capital |
: 20.000 |
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Paid up Capital |
: 20.000 |
Members
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Mantovani |
Marco |
%20S%20R%20L%20%20-%20294208%2025-Nov-2014_files/image001.gif){kind=small}
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Born in Ostiglia |
(MN) |
on 24/09/1956 |
- Fiscal Code : MNTMRC56P24G186Z |
%20S%20R%20L%20%20-%20294208%2025-Nov-2014_files/image002.gif){kind=small}
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Residence: |
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Dante |
, 24 |
- 40125 |
Bologna |
(BO) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
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Sole Director |
12/11/2008 |
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No Prejudicial
events are reported |
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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.
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Mantovani |
Marco |
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Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
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Lab Seed S.r.l. |
Argelato (BO) - IT - |
03373541204 |
Sole Director |
Active |
Registered |
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Lab Seed S.r.l. |
Argelato (BO) - IT - |
03373541204 |
Sole partner |
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 |
|
Mantovani Marco |
Bologna - IT - |
MNTMRC56P24G186Z |
17.000 .Eur |
85,00 |
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Faggioli Marco |
|
FGGMRC65A07D548D |
3.000 .Eur |
15,00 |
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:
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- |
Legal and
operative seat |
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Della Tecnica |
, 3/2 |
- 40050 |
- Argelato |
(BO) |
- IT - |
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Employees |
: 16 |
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Fittings and Equipment for a value of
24.000 |
Eur |
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Stocks for a value of 120.000 |
Eur |
Protests
Protests checking on the subject firm has
given a negative result.
Data Base Prejudicial Events
Search
Search performed on a National Scale
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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 1985.
The eonomic-financial analysis is based on
the latest 3 b/s.
Under an economic point of view, profits
were registered during the last years with a r.o.e. of 40,8% in 2013 thanks to
a progressive increase in turnover (+14,12% in 2013 compared to 2012 and
+38,63% in 2012 compared to 2011).
The operating result was positive in the
last financial year (20,29%) and is higher than the sector's average.
The operating result is positive and amounts
to Eur. 665.146 showing an upward trend 37,25% compared to the previous
financial year.
The gross operating margin of the latest
financial year is of Eur. 711.349 with a 36,94% increase as opposed to the
preceding year.
The company has an excellent net worth if
compared to its debts, with a low indebtedness (0,63) but slighlty increasing.
The management generated equity capital for
an amount of Eur. 1.053.254 , with an upward trend.
In the year 2013 total debts amounted to
Eur. 2.054.262 increasing if compared to the previous year, during which they
were equal to Eur. 1.550.911 (32,45%).
Available funds are good.
During financial year 2013 the cash flow
amounted to Eur. 475.913
Labour cost expenses amount to Eur. 649.814
, representing 15,89% on the total of production costs. and a 13,75% incidence
on sales volumes.
The incidence of the financial charges is of
-0,28% on the sales amount.
Financial Data
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Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
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Item Type |
Value |
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Sales |
4.724.841 |
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Profit (Loss) for the period |
429.710 |
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Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
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Item Type |
Value |
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Sales |
4.140.005 |
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Profit (Loss) for the period |
307.675 |
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Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
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Item Type |
Value |
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Sales |
2.986.181 |
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Profit (Loss) for the period |
298.006 |
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Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
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Item Type |
Value |
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Sales |
3.091.289 |
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Profit (Loss) for the period |
383.238 |
Balance Sheets
From our constant monitoring of the relevant
Public Administration offices, no more recent balance sheets result to have
been filed.
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- Balance Sheet as
at 31/12/2013 - 12 Mesi - Currency: - Amounts x 1 |
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- Balance Sheet
as at 31/12/2012 - 12 Mesi - Currency: - Amounts x 1 |
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- 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 |
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COMPOSITION ON
INVESTMENT |
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Rigidity Ratio |
Units |
0,30 |
0,14 |
0,21 |
0,18 |
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Elasticity Ratio |
Units |
0,70 |
0,86 |
0,79 |
0,79 |
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Availability of stock |
Units |
0,04 |
0,04 |
0,06 |
0,21 |
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Total Liquidity Ratio |
Units |
0,67 |
0,82 |
0,73 |
0,52 |
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Quick Ratio |
Units |
0,25 |
0,46 |
0,28 |
0,03 |
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COMPOSITION ON
SOURCE |
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Net Short-term indebtedness |
Units |
0,63 |
0,58 |
0,36 |
3,01 |
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Self Financing Ratio |
Units |
0,32 |
0,32 |
0,44 |
0,19 |
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Capital protection Ratio |
Units |
0,57 |
0,58 |
0,52 |
0,66 |
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Liabilities consolidation quotient |
Units |
0,44 |
0,17 |
0,36 |
0,16 |
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Financing |
Units |
1,95 |
1,98 |
1,17 |
3,56 |
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Permanent Indebtedness Ratio |
Units |
0,52 |
0,41 |
0,58 |
0,34 |
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M/L term Debts Ratio |
Units |
0,20 |
0,10 |
0,14 |
0,10 |
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Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
0,69 |
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CORRELATION |
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Fixed assets ratio |
Units |
1,75 |
3,05 |
2,79 |
1,65 |
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Current ratio |
Units |
1,56 |
1,55 |
2,02 |
1,18 |
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Acid Test Ratio-Liquidity Ratio |
Units |
1,48 |
1,48 |
1,86 |
0,86 |
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Structure's primary quotient |
Units |
1,08 |
2,34 |
2,10 |
1,02 |
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Treasury's primary quotient |
Units |
0,56 |
0,82 |
0,71 |
0,06 |
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Rate of indebtedness ( Leverage ) |
% |
311,18 |
314,60 |
229,81 |
509,92 |
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Current Capital ( net ) |
Value |
822.543 |
756.535 |
602.558 |
330.495 |
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RETURN |
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Return on Sales |
% |
10,07 |
8,27 |
10,95 |
3,79 |
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Return on Equity - Net- ( R.O.E. ) |
% |
40,80 |
39,27 |
45,44 |
6,70 |
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Return on Equity - Gross - ( R.O.E. ) |
% |
61,43 |
61,29 |
71,28 |
18,82 |
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Return on Investment ( R.O.I. ) |
% |
20,29 |
19,66 |
31,51 |
4,89 |
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Return/ Sales |
% |
14,08 |
11,71 |
15,91 |
4,78 |
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Extra Management revenues/charges incid. |
% |
64,60 |
63,49 |
62,74 |
29,96 |
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Cash Flow |
Value |
475.913 |
342.494 |
326.998 |
165.166 |
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Operating Profit |
Value |
665.146 |
484.608 |
474.974 |
225.594 |
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Gross Operating Margin |
Value |
711.349 |
519.427 |
503.966 |
376.080 |
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MANAGEMENT |
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Credits to clients average term |
Days |
n.c. |
n.c. |
n.c. |
111,07 |
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Debts to suppliers average term |
Days |
n.c. |
n.c. |
n.c. |
127,44 |
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Average stock waiting period |
Days |
8,87 |
8,91 |
11,52 |
62,88 |
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Rate of capital employed return ( Turnover
) |
Units |
1,44 |
1,68 |
1,98 |
1,10 |
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Rate of stock return |
Units |
40,59 |
40,40 |
31,25 |
5,58 |
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Labour cost incidence |
% |
13,75 |
12,01 |
14,03 |
18,94 |
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Net financial revenues/ charges incidence |
% |
-0,28 |
-0,10 |
-0,25 |
-1,15 |
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Labour cost on purchasing expenses |
% |
15,89 |
13,51 |
16,64 |
18,99 |
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Short-term financing charges |
% |
0,93 |
0,56 |
1,59 |
2,55 |
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Capital on hand |
% |
69,37 |
59,54 |
50,47 |
90,89 |
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Sales pro employee |
Value |
236.242 |
276.000 |
229.706 |
199.007 |
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Labour cost pro employee |
Value |
32.490 |
33.152 |
32.233 |
34.820 |
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
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Population living in the province |
: |
944.297 |
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Population living in the region |
: |
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Number of families in the region |
: |
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%20S%20R%20L%20%20-%20294208%2025-Nov-2014_files/image003.gif){kind=small}
4.151.369Monthly family expences average in the
region (in Eur..) :
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- per food products |
: |
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- per non food products |
: |
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- per energy consume |
: |
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Sector Data
The values are calculated on a base of 1.964
significant companies.
The companies cash their credits on an
average of 111 dd.
The average duration of suppliers debts is
about 127 dd.
The sector's profitability is on an average
of 3,79%.
The labour cost affects the turnover in the
measure of 18,94%.
Goods are held in stock in a range of 63 dd.
The difference between the sales volume and
the resources used to realize it is about 1,10.
The employees costs represent the 18,99% of
the production costs.
Statistical Detrimental Data
Statistcally the trade activity shows
periods of crisis.
The area is statistically considered lowly
risky.
In the region 18.860 protested subjects are
found; in the province they count to 3.720.
The insolvency index for the region is 0,46,
, while for the province it is 0,40.
Total Bankrupt companies in the province :
4.335.
Total Bankrupt companies in the region :
14.698.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.78 |
|
|
1 |
Rs.96.78 |
|
Euro |
1 |
Rs.76.59 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
NIT |
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 |
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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 |
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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 |
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-- |
NB |
New Business |
-- |
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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.