MIRA
INFORM REPORT
|
Report Date : |
25.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
RE.PI.CO. - RESINE PIGMENTI COLORI S.P. A. |
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|
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Registered Office : |
Via |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
27.09.1948 |
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|
Legal Form : |
Joint stock company |
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Line of Business : |
Wholesale of Industrial chemical products |
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|
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|
No. of Employees : |
From 36 to 50 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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
RE.PI.CO. -
RESINE PIGMENTI COLORI S.P. A.
Via
20092 -
Summary
|
Fiscal Code |
: |
00748380151 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
27/09/1948 |
|
Equity |
: |
1.500.000 |
|
|
: |
20.000.000/25.000.000 |
|
Number of Employees |
: |
from 36 to 50 |
Activity
Wholesale of Industrial chemical products
Legal Data
Legal Form : Joint stock company
|
Fiscal Code : 00748380151 |
|
Foreign Trade Reg. no. : MI048591 since 18/12/1991 |
|
Chamber of Commerce no. : 103011 of Avellino |
|
Chamber of Commerce no. : 178086 of Avellino |
|
Chamber of Commerce no. : 376055 of Milano since 29/09/1948 |
|
Chamber of Commerce no. : 63479 of Pisa |
|
Chamber of Commerce no. : 127074 of Vicenza |
|
Firms' Register : MI146-63772 of Milano since 19/02/1996 |
|
V.A.T. Code : 00748380151 |
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Foundation date |
: 27/09/1948 |
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|
Establishment date |
: 27/09/1948 |
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|
Start of Activities |
: 27/09/1948 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 254.800 |
|
|
Subscribed Capital |
: 254.800 |
|
|
Paid up Capital |
: 254.800 |
|
Members
|
|
Financiere Sainte Lucie S.a. |
|
|
|
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
|
|
|
No Protests registered |
|
|
Moretti |
Sergio |
|
|
|
Born in Milano |
(MI) |
on 18/10/1952 |
- Fiscal Code : MRTSRG52R18F205R |
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|
|
Residence: |
|
Moro Angelo |
, 38 |
- 20097 |
San Donato Milanese |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/05/2013 |
|
|
|
|
Annunziata |
Stefania |
|
|
|
Born in Milano |
(MI) |
on 25/03/1959 |
- Fiscal Code : NNNSFN59C65F205K |
|
|
|
Residence: |
|
Fetonte |
, 12 |
- 20151 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
29/05/2013 |
|
|
|
Board Chairman |
28/05/2013 |
|
|
|
Director |
28/05/2013 |
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|
|
Procurator |
15/05/1992 |
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|
|
|
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.
|
|
Annunziata |
Stefania |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Madreperla Spa |
Cinisello Balsamo (MI) - IT - |
02232880241 |
Director |
Active |
Registered |
|
Merit S.r.l. |
Milano (MI) - IT - |
11854940159 |
Director |
Active |
Registered |
|
Sogefina S.r.l. |
Milano (MI) - IT - |
03797290156 |
Procurator |
Withdrawn |
Ceased |
|
La Mimosa S.r.l. |
Cinisello Balsamo (MI) - IT - |
05534740963 |
Sole Director |
Active |
Registered |
|
La Mimosa S.r.l. |
Cinisello Balsamo (MI) - IT - |
05534740963 |
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 |
|
Annunziata Stefania |
Milano - IT - |
NNNSFN59C65F205K |
101.920 .Eur |
40,00 |
|
Financiere Sainte Lucie S.a. |
|
|
152.880 .Eur |
60,00 |
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 |
|
Consorzio Depuratore Di Santa Croce Sull 'arno S.p.a. |
Santa Croce sull'Arno - IT - |
00652790502 |
61 .Eur |
0,03 |
|
|
Active |
|
Consorzio Recupero Cromo S.p.a. |
Santa Croce sull'Arno - IT - |
00492250501 |
124 .Eur |
0,01 |
|
|
Active |
|
Roncolor S.r.l. |
Milano - IT - |
01879170155 |
41.661 .Eur |
100,00 |
|
|
Active |
Firm's location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
since 27/09/1948 |
|
|
|
|
|
|
Aquileia |
, 41/B |
- 20092 |
- Cinisello Balsamo |
(MI) |
- IT - |
|
|
|
|
PHONE |
: 026180261 |
|
|
|
|
Legal mail |
: REPICO@LEGALMAIL.IT |
|
- |
Branch |
(Warehouse) |
since 18/09/1990 |
|
|
|
|
|
|
Aquileia |
, 43 |
- 20092 |
- Cinisello Balsamo |
(MI) |
- IT - |
|
- |
Branch |
|
since 15/11/2006 |
|
|
|
|
|
|
Rembrant |
, 12 |
- 20010 |
- Inveruno |
(MI) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 01/01/2012 |
|
|
|
|
|
|
Nuova Asi Loc. Arco Torre |
, SNC |
- 83029 |
- Solofra |
(AV) |
- IT - |
|
- |
Branch |
(Branch) |
since 03/03/1975 |
|
|
|
|
|
|
Delle Industrie |
, SNC |
- 56022 |
- Castelfranco di Sotto |
(PI) |
- IT - |
|
- |
Branch |
(Branch) |
since 14/03/1972 |
|
|
|
|
|
|
Arzignano |
, 51 |
- 36072 |
- Chiampo |
(VI) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 01/10/2011 |
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|
|
|
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|
Montorso |
, 35 |
- 36071 |
- Arzignano |
(VI) |
- IT - |
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|
|
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Employees |
: 44 |
|
Fittings and Equipment for a value of 300.000 |
Eur |
|
Stocks for a value of 2.700.000 |
Eur |
|
Cars for a value of 52.000 |
Eur |
|
|
The firm operates abroad as importer / exporter..
To purchase foreign products the firm uses the following channels :
|
- direct orders to foreign companies |
Export represents up to 20% of the global turnover.
Products abroad are placed by :
|
- direct orders from foreign companies |
Import comes generally from the following nations:
|
- Austria |
|
- France |
|
- Belgium |
|
- Italy |
Export is mainly towards:
|
- |
Historical Information and/or
Firm's Status
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Other forms |
Limited liability company |
30/06/1982 |
EX-MEMBERS / EX-POSITIONS:
|
|
Annunziata |
Stefania |
|
|
|
Born in Milano |
(MI) |
on 25/03/1959 |
- Fiscal Code : NNNSFN59C65F205K |
|
|
|
Residence: |
|
Fetonte |
, 12 |
- 20151 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
Antona |
Elisabeth |
|
|
|
Born in Moyenmoutier Vosges |
( ) |
on 25/05/1964 |
- Fiscal Code : NTNLBT64E65Z110H |
|
|
|
Residence: |
44,rue De Palais - |
L9265 Diekirch |
- LU - |
|
Ex-Postions |
|
Director |
|
|
Spanu |
Manlio |
|
|
|
Born in Sassari |
(SS) |
on 14/06/1967 |
- Fiscal Code : SPNMNL67H14I452K |
|
|
|
Residence: |
|
Cavour |
, 9 |
- 20090 |
Trezzano sul Naviglio |
(MI) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Bianchi |
Michela |
|
|
|
Born in Cremona |
(CR) |
on 09/12/1979 |
- Fiscal Code : BNCMHL79T49D150C |
|
|
|
Residence: |
|
Caradosso |
, 18 |
- 20123 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Campana |
Daniele |
|
|
|
Born in Monza |
(MB) |
on 13/10/1941 |
- Fiscal Code : CMPDNL41R13F704H |
|
|
|
Residence: |
|
Monte Rosa |
, 13 |
- 20052 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
Trotter |
Alessandro Ludovico |
|
|
|
Born in Vimercate |
(MB) |
on 09/06/1940 |
- Fiscal Code : TRTLSN40H09M052V |
|
|
|
Residence: |
|
Cadorna |
, 6 |
- 20123 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Monti |
Patrizia |
|
|
|
Born in Casale Monferrato |
(AL) |
on 17/10/1969 |
- Fiscal Code : MNTPRZ69R57B885G |
|
|
|
Residence: |
|
Caradosso |
, 18 |
- 20123 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Colombo |
Leonardo |
|
|
|
Born in Busto Arsizio |
(VA) |
on 08/10/1964 |
- Fiscal Code : CLMLRD64R08B300H |
|
|
|
Residence: |
|
Carlo Cattaneo |
, 9 |
- 21052 |
Busto Arsizio |
(VA) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Grisetti |
Pierpaolo |
|
|
|
Born in Milano |
(MI) |
on 26/02/1963 |
- Fiscal Code : GRSPPL63B26F205B |
|
|
|
Residence: |
|
C.battisti |
, 23 |
- 21040 |
Cislago |
(VA) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Annunziata |
Orazio |
|
|
|
Born in Pescara |
(PE) |
on 11/08/1922 |
- Fiscal Code : NNNRZO22M11G482F |
|
Ex-Postions |
|
Managing Director |
|
Director |
|
Board Chairman |
|
Procurator |
|
Sole Director |
|
|
Kovacs Pietro |
|
|
|
|
Born in Roma |
(RM) |
on 20/10/1934 |
- Fiscal Code : KVCPTR34R20H501M |
|
Ex-Postions |
|
Sole Director |
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
Subject is active since 1948
An eco-fin analysis has been made on the base od the b/s fo the years
2011, 2012 and 2013.
Unstable economic results mark the company's financial state of affairs.
anyway in 2013 a positive result was achieved (r.o.e. 5,78%). The turnover is
growing in the last financial year (+7,03%).
The return on Investment in the last financial year was positive (7,43%)
and in line with the sector's average.
The amount of the operating result is equal to Eur. 1.138.072 with a
more then 100% growth.
The gross operating margin of the latest financial year is of Eur.
1.512.301 showing a 55,1% growth.
Financial condition is not balanced as own capitals do not cover debts,
indebtedness level is in fact high (10,47) which is anyway decreasing.
With regard to equity capital, an amount of Eur. 1.234.982 is
registered. , unchanged if compared to 2012.
In the year 2013 total debts amounted to Eur. 13.232.816 , with no
sensible variation.
Remarkable financial indebtedness specially if compared to equity capital,
the exposure to suppliers is moderate (76,04 gg. is the average payment period)
which is also lower than the sector average.
Liquidity is not positive.
Accounts receivable average term is high (122,43 days). but on the same
levels as the average of the sector.
The financial management generated a cash flow of Eur. 445.564.
During 2013 financial year labour costs amounted to Eur. 2.423.949, with
a 10,34% incidence on production costs. , whereas the incidence of such costs
on sales revenues is equal to 9,94%.
The incidence percentage of financial charges on sales volume is equal
to -2,17%.
Financial Data
|
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
24.391.225 |
|
Profit (Loss) for the period |
71.335 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
22.787.141 |
|
Profit (Loss) for the period |
-174.801 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
24.028.989 |
|
Profit (Loss) for the period |
285.301 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
22.876.380 |
|
Profit (Loss) for the period |
292.161 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
20.225.811 |
|
Profit (Loss) for the period |
132.750 |
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 |
0,19 |
0,18 |
0,22 |
0,11 |
|
Elasticity Ratio |
Units |
0,80 |
0,82 |
0,78 |
0,87 |
|
Availability of stock |
Units |
0,18 |
0,16 |
0,18 |
0,22 |
|
Total Liquidity Ratio |
Units |
0,63 |
0,66 |
0,59 |
0,56 |
|
Quick Ratio |
Units |
0,01 |
0,00 |
0,01 |
0,02 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
10,47 |
11,68 |
9,02 |
3,81 |
|
Self Financing Ratio |
Units |
0,08 |
0,07 |
0,09 |
0,17 |
|
Capital protection Ratio |
Units |
0,74 |
0,93 |
0,60 |
0,65 |
|
Liabilities consolidation quotient |
Units |
0,07 |
0,07 |
0,08 |
0,12 |
|
Financing |
Units |
10,71 |
11,95 |
9,29 |
4,72 |
|
Permanent Indebtedness Ratio |
Units |
0,14 |
0,13 |
0,16 |
0,30 |
|
M/L term Debts Ratio |
Units |
0,06 |
0,06 |
0,06 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
6,39 |
6,92 |
5,45 |
1,28 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
0,74 |
0,75 |
0,72 |
2,06 |
|
Current ratio |
Units |
0,94 |
0,96 |
0,93 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,74 |
0,77 |
0,71 |
0,84 |
|
Structure's primary quotient |
Units |
0,42 |
0,41 |
0,43 |
1,28 |
|
Treasury's primary quotient |
Units |
0,01 |
0,00 |
0,01 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
1241,08 |
1367,52 |
1085,90 |
591,61 |
|
Current Capital ( net ) |
Value |
-723.414 |
-613.618 |
-885.261 |
219.071 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
1,83 |
1,82 |
4,42 |
2,22 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
5,78 |
-15,02 |
21,32 |
6,27 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
25,02 |
-6,89 |
44,61 |
15,95 |
|
Return on Investment ( R.O.I. ) |
% |
7,43 |
2,43 |
8,63 |
4,19 |
|
Return/ Sales |
% |
4,67 |
1,69 |
5,22 |
3,42 |
|
Extra Management revenues/charges incid. |
% |
6,27 |
-45,26 |
22,76 |
29,26 |
|
Cash Flow |
Value |
445.564 |
414.008 |
1.061.653 |
61.669 |
|
Operating Profit |
Value |
1.138.072 |
386.226 |
1.253.705 |
95.558 |
|
Gross Operating Margin |
Value |
1.512.301 |
975.035 |
2.030.057 |
144.934 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
122,43 |
136,38 |
116,05 |
120,94 |
|
Debts to suppliers average term |
Days |
76,04 |
95,93 |
72,91 |
120,04 |
|
Average stock waiting period |
Days |
39,90 |
40,47 |
40,05 |
61,92 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,59 |
1,43 |
1,65 |
1,27 |
|
Rate of stock return |
Units |
9,02 |
8,90 |
8,99 |
5,74 |
|
Labour cost incidence |
% |
9,94 |
11,06 |
9,17 |
7,77 |
|
Net financial revenues/ charges incidence |
% |
-2,17 |
-2,60 |
-1,50 |
-1,26 |
|
Labour cost on purchasing expenses |
% |
10,34 |
11,17 |
9,59 |
7,90 |
|
Short-term financing charges |
% |
4,00 |
4,27 |
2,91 |
2,67 |
|
Capital on hand |
% |
62,84 |
69,83 |
60,49 |
78,39 |
|
Sales pro employee |
Value |
325.216 |
292.142 |
353.367 |
437.713 |
|
Labour cost pro employee |
Value |
32.319 |
32.316 |
32.415 |
33.928 |
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 |
: |
|
3.839.216Monthly 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 6.137 significant companies.
The companies cash their credits on an average of 121 dd.
The average duration of suppliers debts is about 120 dd.
The sector's profitability is on an average of 2,22%.
The labour cost affects the turnover in the measure of 7,77%.
Goods are held in stock in a range of 62 dd.
The difference between the sales volume and the resources used to
realize it is about 1,27.
The employees costs represent the 7,90% 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 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.61.78 |
|
|
1 |
Rs.96.78 |
|
Euro |
1 |
Rs.76.59 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIS |
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.