MIRA
INFORM REPORT
|
Report Date : |
25.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
FERRACUTI SOCIETA' A RESPONSABILITA' LIM
ITATA |
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Registered Office : |
Via Dei Lanzi, 33 Sovigliana, 50059 – Vinci
(FI) -IT- |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
07.05.2007 |
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Legal Form : |
Sole-Member Limited Liability Company |
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Line of Business : |
Retail sale of leatherwear and luggage |
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No of Employees : |
From 1 to 5 |
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 |
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Payment Behaviour : |
Slow but correct |
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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) |
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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 & address
FERRACUTI SOCIETA'
A RESPONSABILITA' LIM ITATA
Via Dei Lanzi, 33
SOVIGLIANA
50059 - Vinci (FI) -IT-
Summary
|
Fiscal Code |
: |
05748660486 |
|
Legal Form |
: |
Sole-Member Limited Liability Company |
|
Start of Activities |
: |
07/05/2007 |
|
Equity |
: |
50.000 |
|
|
: |
250.000/375.000 |
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Number of Employees |
: |
From 1 to 5 |
Activity
Retail sale of leatherwear and luggage
Legal Data
Legal Form : Sole-Member Limited Liability Company
|
Fiscal Code : 05748660486 |
|
Chamber of Commerce no. : 571866 of |
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V.A.T. Code : 05748660486 |
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Establishment date |
: 07/05/2007 |
|
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Start of Activities |
: 07/05/2007 |
|
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Legal duration |
: 31/12/2030 |
|
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Nominal Capital |
: 25.000 |
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Subscribed Capital |
: 25.000 |
|
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Paid up Capital |
: 25.000 |
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Members
|
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Ferracuti |
Sergio |
|
|
|
Born in Vinci |
(FI) |
on 02/01/1970 |
- Fiscal Code : FRRSRG70A02M059C |
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Residence: |
|
Gian Domenico Polverosi |
, 78 |
- 50056 |
Capraia e Limite |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
07/05/2007 |
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|
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Sole Director |
07/05/2007 |
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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.
|
|
Ferracuti |
Sergio |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Iskom*consulting S.r.l. |
Firenze (FI) - IT - |
04384590487 |
Director |
Withdrawn |
Registered |
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La Florida Di Ferracuti Luana S.n.c. |
Vinci (FI) - IT - |
03587660485 |
Partner |
Withdrawn |
Registered |
|
La Florida Di Ferracuti Luana S.n.c. |
Vinci (FI) - IT - |
03587660485 |
Silent 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 |
|
Ferracuti Sergio |
Capraia e Limite - IT - |
FRRSRG70A02M059C |
|
100,00 |
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 |
|
Campania Expo |
|
02495620649 |
|
|
|
|
Active |
Firm's location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
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Dei Lanzi |
, 33 |
- 50059 |
- Vinci |
(FI) |
- IT - |
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Total Surface: 36 Sq.mt. |
|
- |
Branch |
(Shop) |
since 21/07/2010 |
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Roma |
, 2 |
- 50050 |
- Montaione |
(FI) |
- IT - |
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Total Surface: 24 Sq.mt. |
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Employees |
: 1 |
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Assistants |
: 1 |
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Fittings and Equipment for a value of 5.000 |
Eur |
|
Stocks for a value of 19.000 |
Eur |
|
|
Historical Information and/or Firm's Status
CEASINGS/INCORPORATIONS/MERGES:
|
|
The firm took over the activity of |
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Fiscal Code: FRRSRG70A02M059C |
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Date |
: |
07/05/2007 |
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
Company's starting of activities dates back to 2007.
The eonomic-financial analysis is based on the latest 3 b/s.
During the last years, it recorded positive net results (r.o.e. 4,91% in
2013) and during the last financial year an increase in sales volume was
registered (+15,73% in 2013).
The operating result in 2013 was positive (5,48%) and in line with the
sector's average.
The amount of the operating result for the year 2013 is of Eur. 25.194 ,
with no sizeable change as opposed to the year before.
During the latest financial year the gross operating margin amounted to
Eur. 40.915 with no sensible increase as against 2012.
The analysis shows a fair financial position as the indebtedness volume
is acceptable (2,54) and falling as against the previous year (3,17).
Subject can manage an equity capital funds for an amount of Eur. 49.551
on the same levels as the year before.
Total debts recorded amounted to Eur. 406.458 (Eur. 264.828 of which
were m/l term debts) , with no sensible variation.
The liquidity level is not optimal.
Eur. 18.155 is the value of cash flow during the year 2013
During 2013 financial year labour costs amounted to Eur. 17.836, with a
4,99% incidence on production costs. and a 4,96% incidence on sales volumes.
High incidence of financial charges on turnover.
Financial Data
|
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|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
359.307 |
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Profit (Loss) for the period |
2.434 |
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|
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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 |
|
Sales |
310.468 |
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Profit (Loss) for the period |
827 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
345.890 |
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Profit (Loss) for the period |
980 |
|
|
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Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
246.919 |
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Profit (Loss) for the period |
8.282 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
206.600 |
|
Profit (Loss) for the period |
5.471 |
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 |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,75 |
0,71 |
0,76 |
0,13 |
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Elasticity Ratio |
Units |
0,24 |
0,28 |
0,24 |
0,85 |
|
Availability of stock |
Units |
0,04 |
0,08 |
0,08 |
0,54 |
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Total Liquidity Ratio |
Units |
0,20 |
0,20 |
0,16 |
0,22 |
|
Quick Ratio |
Units |
0,03 |
0,01 |
0,01 |
0,04 |
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COMPOSITION ON
SOURCE |
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|
|
|
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Net Short-term indebtedness |
Units |
2,54 |
3,17 |
4,46 |
4,36 |
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Self Financing Ratio |
Units |
0,11 |
0,09 |
0,10 |
0,14 |
|
Capital protection Ratio |
Units |
0,45 |
0,45 |
0,44 |
0,56 |
|
Liabilities consolidation quotient |
Units |
1,90 |
1,90 |
1,02 |
0,15 |
|
Financing |
Units |
8,20 |
9,59 |
9,16 |
5,86 |
|
Permanent Indebtedness Ratio |
Units |
0,69 |
0,69 |
0,55 |
0,31 |
|
M/L term Debts Ratio |
Units |
0,58 |
0,59 |
0,46 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
8,13 |
n.c. |
0,98 |
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CORRELATION |
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|
|
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Fixed assets ratio |
Units |
0,92 |
0,97 |
0,73 |
2,02 |
|
Current ratio |
Units |
0,79 |
0,90 |
0,54 |
1,15 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,66 |
0,63 |
0,35 |
0,36 |
|
Structure's primary quotient |
Units |
0,14 |
0,13 |
0,13 |
1,06 |
|
Treasury's primary quotient |
Units |
0,11 |
0,05 |
0,02 |
0,07 |
|
Rate of indebtedness ( Leverage ) |
% |
927,89 |
1066,13 |
1021,55 |
707,22 |
|
Current Capital ( net ) |
Value |
-29.556 |
-15.864 |
-97.536 |
61.776 |
|
RETURN |
|
|
|
|
|
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Return on Sales |
% |
5,05 |
5,90 |
4,02 |
2,62 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
4,91 |
1,76 |
2,12 |
6,19 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
21,24 |
12,07 |
14,25 |
15,72 |
|
Return on Investment ( R.O.I. ) |
% |
5,48 |
4,32 |
4,63 |
3,25 |
|
Return/ Sales |
% |
7,01 |
6,99 |
6,33 |
2,94 |
|
Extra Management revenues/charges incid. |
% |
9,66 |
3,81 |
4,48 |
31,16 |
|
Cash Flow |
Value |
18.155 |
18.322 |
13.917 |
20.178 |
|
Operating Profit |
Value |
25.194 |
21.688 |
21.883 |
23.558 |
|
Gross Operating Margin |
Value |
40.915 |
39.183 |
34.820 |
40.605 |
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MANAGEMENT |
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|
|
|
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Credits to clients average term |
Days |
n.c. |
105,40 |
n.c. |
26,46 |
|
Debts to suppliers average term |
Days |
n.c. |
68,65 |
n.c. |
152,76 |
|
Average stock waiting period |
Days |
19,23 |
49,36 |
40,62 |
158,60 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,78 |
0,62 |
0,73 |
1,10 |
|
Rate of stock return |
Units |
18,72 |
7,29 |
8,86 |
2,21 |
|
Labour cost incidence |
% |
4,96 |
5,11 |
8,64 |
10,29 |
|
Net financial revenues/ charges incidence |
% |
-4,08 |
-5,15 |
-4,42 |
-1,31 |
|
Labour cost on purchasing expenses |
% |
4,99 |
5,30 |
9,02 |
10,25 |
|
Short-term financing charges |
% |
3,61 |
3,54 |
3,61 |
2,10 |
|
Capital on hand |
% |
127,96 |
161,79 |
136,71 |
90,76 |
|
Sales pro employee |
Value |
|
77.617 |
345.890 |
267.102 |
|
Labour cost pro employee |
Value |
|
3.967 |
29.869 |
30.754 |
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 |
: |
|
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Population living in the region |
: |
|
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Number of families in the region |
: |
|
965.388Monthly 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 2.211 significant companies.
The companies cash their credits on an average of 26 dd.
The average duration of suppliers debts is about 153 dd.
The sector's profitability is on an average of 2,62%.
The labour cost affects the turnover in the measure of 10,29%.
Goods are held in stock in a range of 159 dd.
The difference between the sales volume and the resources used to
realize it is about 1,10.
The employees costs represent the 10,25% of the production costs.
Statistical Detrimental Data
Statistically the trade activity passes through serious crises.
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.61.78 |
|
|
1 |
Rs.96.78 |
|
Euro |
1 |
Rs.76.59 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.