MIRA
INFORM REPORT
|
Report Date : |
02.10.2014 |
IDENTIFICATION DETAILS
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Name : |
TD ITALIA SRL
LOGISTIK E TRANSPORT |
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Registered Office : |
Via Peter Mayr, 10, 39042 - Bressanone (BZ)-IT- |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
20.09.2009 |
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Legal Form : |
Sole-Member Limited Liability Company |
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Line of Business : |
Transport intermediaries |
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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 |
|
Maximum Credit Limit : |
150.000 |
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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
|
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
TD ITALIA SRL
LOGISTIK E TRANSPORT
Via Peter Mayr, 10
39042 - Bressanone (BZ) -IT-
Summary
|
Fiscal Code |
: |
02639090212 |
|
Legal Form |
: |
Sole-Member Limited Liability Company |
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Start of Activities |
: |
20/09/2009 |
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Equity |
: |
1.000.000 |
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|
: |
10.000.000/12.750.000 |
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Number of Employees |
: |
From 11 to 15 |
Credit Analysis
|
Credit Opinion |
: |
150.000 - |
Activity
Transport intermediaries
Legal Data
Legal Form : Sole-Member Limited Liability
Company
|
Fiscal Code : 02639090212 |
|
Chamber of Commerce no. : 193497 of |
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Chamber of Commerce no. : 1109134 of |
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V.A.T. Code : 02639090212 |
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Establishment date |
: 09/07/2009 |
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Start of Activities |
: 20/09/2009 |
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Legal duration |
: 31/12/2050 |
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Nominal Capital |
: 10.000 |
|
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Subscribed Capital |
: 10.000 |
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Paid up Capital |
: 10.000 |
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Members
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Schumacher Bonn |
Danielle Berthe |
|
|
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Born in Lussemburgo |
( ) |
on 19/06/1959 |
- Fiscal Code : SCHDLL59H59Z120M |
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|
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Residence: |
Cite Roger Schmitz |
, 162 |
- 39042 |
Bofferdagne |
- LU - |
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Position |
Since |
Shares Amount |
% Ownership |
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Sole Director |
09/07/2009 |
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No Prejudicial
events are reported |
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No Protests
registered |
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Botticella |
Vito Michele |
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Born in |
(TO) |
on 10/06/1969 |
- Fiscal Code : BTTVMC69H10L219Z |
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Residence: |
, 59/5 |
- 10081 |
Castellamonte |
(TO) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
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Attorney General |
01/09/2009 |
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No Prejudicial
events are reported |
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No Protests
registered |
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Terravia S.a. Transports Internationaux |
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Position |
Since |
Shares Amount |
% Ownership |
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Sole partner |
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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 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.
Capital Shareholders
Shareholders' list as at date of data
collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Terravia S.a. Transports Internationaux |
|
90048290218 |
|
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 |
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Via Peter Mayr |
, 10 |
- 39042 |
- Bressanone |
(BZ) |
- IT - |
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- |
Branch |
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since 20/08/2009 |
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, 34 |
- 10078 |
- Venaria |
(TO) |
- IT - |
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Employees |
: 15 |
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Active partners |
: 2 |
Historical Information and/or Firm's Status
CEASINGS/INCORPORATIONS/MERGES:
|
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Subject took
over a division of |
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Via Della Rena |
, 26 |
, 39100 |
, |
(BZ) |
- IT - |
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Fiscal Code: 02618170217 |
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Date |
: |
20/08/2009 |
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 under review started the activities in 2009.
The economic-financial analysis has been made on the base of the b/s of the
latests three years.
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 29,35% in 2013 but without a
significant increase in the turnover.
The operating result was positive in the last financial year (12,16%)
and reflects the field's average.
The amount of the operating result for the year 2013 is of Eur. 385.236 , with no sizeable change as opposed to the
year before.
The G.O.M. amounted to Eur. 408.822 , stable
if compared to the year before.
Company's financial status is balanced since indebtedness is not high
(2,21) with an improving trend as on the decrease.
The management generated equity capital for an amount of Eur. 864.623 with a growth of 41,54% in 2013.
Total indebtedness totalled Eur. 2.191.798, on the same levels as the year before.
Available funds are good.
Eur. 277.378 is the value of cash flow during
the year 2013
In the last financial year labour cost was of Eur. 494.104, with a 4,28% incidence on total costs of
production. , with a 4,15% incidence on turnover.
Financial incomes cover financial charges.
Financial Data
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Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
11.914.011 |
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Profit (Loss) for the period |
253.792 |
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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 |
11.757.615 |
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Profit (Loss) for the period |
246.286 |
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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 |
|
Sales |
9.120.818 |
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Profit (Loss) for the period |
231.179 |
|
|
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Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
8.647.026 |
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Profit (Loss) for the period |
96.456 |
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|
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Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
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Item Type |
Value |
|
Sales |
2.858.616 |
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Profit (Loss) for the period |
26.911 |
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 |
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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
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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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|
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Rigidity Ratio |
Units |
0,01 |
0,00 |
0,00 |
0,20 |
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Elasticity Ratio |
Units |
0,99 |
1,00 |
1,00 |
0,78 |
|
Availability of stock |
Units |
n.c. |
n.c. |
n.c. |
0,01 |
|
Total Liquidity Ratio |
Units |
0,99 |
1,00 |
1,00 |
0,75 |
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Quick Ratio |
Units |
0,09 |
0,14 |
0,05 |
0,04 |
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COMPOSITION ON
SOURCE |
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|
|
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Net Short-term indebtedness |
Units |
2,21 |
3,65 |
6,04 |
3,81 |
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Self Financing Ratio |
Units |
0,27 |
0,18 |
0,13 |
0,16 |
|
Capital protection Ratio |
Units |
0,69 |
0,58 |
0,34 |
0,49 |
|
Liabilities consolidation quotient |
Units |
0,04 |
0,03 |
0,02 |
0,13 |
|
Financing |
Units |
2,53 |
4,44 |
6,42 |
4,60 |
|
Permanent Indebtedness Ratio |
Units |
0,30 |
0,20 |
0,15 |
0,28 |
|
M/L term Debts Ratio |
Units |
0,03 |
0,02 |
0,02 |
0,08 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
0,75 |
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CORRELATION |
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|
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Fixed assets ratio |
Units |
24,21 |
70,82 |
34,34 |
1,31 |
|
Current ratio |
Units |
1,43 |
1,25 |
1,18 |
1,06 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,43 |
1,25 |
1,18 |
1,04 |
|
Structure's primary quotient |
Units |
21,76 |
63,17 |
30,40 |
0,84 |
|
Treasury's primary quotient |
Units |
0,13 |
0,18 |
0,06 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
366,30 |
558,78 |
758,59 |
625,42 |
|
Current Capital ( net ) |
Value |
931.871 |
687.615 |
412.327 |
32.274 |
|
RETURN |
|
|
|
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Return on Sales |
% |
2,33 |
2,27 |
2,63 |
2,10 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
29,35 |
40,32 |
63,42 |
6,73 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
44,72 |
61,87 |
97,80 |
18,79 |
|
Return on Investment ( R.O.I. ) |
% |
12,16 |
10,87 |
12,17 |
3,71 |
|
Return/ Sales |
% |
3,23 |
3,15 |
3,69 |
2,51 |
|
Extra Management revenues/charges incid. |
% |
65,88 |
66,40 |
68,68 |
23,94 |
|
Cash Flow |
Value |
277.378 |
266.538 |
240.317 |
50.932 |
|
Operating Profit |
Value |
385.236 |
370.903 |
336.617 |
76.879 |
|
Gross Operating Margin |
Value |
408.822 |
391.155 |
345.755 |
145.178 |
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MANAGEMENT |
|
|
|
|
|
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Credits to clients average term |
Days |
n.c. |
n.c. |
n.c. |
98,84 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
n.c. |
94,60 |
|
Average stock waiting period |
Days |
n.c. |
n.c. |
n.c. |
3,43 |
|
Rate of capital employed return ( Turnover
) |
Units |
3,76 |
3,44 |
3,30 |
1,62 |
|
Rate of stock return |
Units |
n.c. |
n.c. |
n.c. |
103,97 |
|
Labour cost incidence |
% |
4,15 |
4,09 |
4,75 |
15,88 |
|
Net financial revenues/ charges incidence |
% |
0,01 |
0,01 |
-0,02 |
-0,56 |
|
Labour cost on
purchasing expenses |
% |
4,28 |
4,22 |
4,93 |
15,75 |
|
Short-term financing charges |
% |
n.c. |
0,00 |
0,10 |
2,05 |
|
Capital on hand |
% |
26,58 |
29,03 |
30,32 |
60,96 |
|
Sales pro employee |
Value |
794.267 |
783.841 |
701.601 |
222.610 |
|
Labour cost pro
employee |
Value |
32.940 |
32.032 |
33.329 |
32.913 |
Credit Opinion
On the basis of the above mentioned, and the
sales volume obtained, we deem that the maximum exposure for short and medium
term transactions ( 90 - 120 days ) could be of:
150.000
Eur.
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 |
: |
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Monthly family expences
average in the region (in Eur..) :
|
- 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 1.213
significant companies.
The companies cash their credits on an average
of 99 dd.
The average duration of suppliers debts is
about 95 dd.
The sector's profitability is on an average
of 2,10%.
The labour cost
affects the turnover in the measure of 15,88%.
Goods are held in stock in a range of 3 dd.
The difference between the sales volume and
the resources used to realize it is about 1,62.
The employees costs represent the 15,75% 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 2.078 protested subjects are
found; in the province they count to 1.228.
The insolvency index for the region is 0,22,
, while for the province it is 0,26.
Total Bankrupt companies in the province :
1.448.
Total Bankrupt companies in the region :
2.539.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.75 |
|
|
1 |
Rs.100.07 |
|
Euro |
1 |
Rs.77.95 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
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|
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.