MIRA INFORM REPORT
|
Report Date : |
13.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
QUALITY TOOLS S.R.L. |
|
|
|
|
Registered Office : |
Via Trento, 175, 25020 - Capriano Del Colle (BS) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
01.07.1997 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of Other Electrical Equipment |
|
|
|
|
No of Employees : |
From 16 to 25 |
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) |
|
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 |
Company name & address
QUALITY TOOLS S.R.L.
Via Trento, 175
25020 - Capriano del Colle (BS) -IT-
Summary
|
Fiscal Code |
: |
03410310175 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
01/07/1997 |
|
Equity |
: |
1.000.000 |
|
Turnover Range |
: |
7.750.000/9.000.000 |
|
Number of Employees |
: |
from 16 to 25 |
Activity
Manufacture of other electrical equipment
Legal
Data
Legal Form : Limited liability company
|
Fiscal Code : 03410310175 |
|
Foreign Trade Reg. no. : BS064292 since 02/07/1997 |
|
Foreign Trade Reg. no. : 64292 of Brescia since 02/07/1997 |
|
Foreign Trade Reg. no. : 064292 of Brescia since 02/07/1997 |
|
Chamber of Commerce no. : 392377 of Brescia since 09/06/1997 |
|
Firms' Register : BS-1997-184881 of Brescia since 09/06/1997 |
|
V.A.T. Code : 03410310175 |
|
Foundation date |
: 08/05/1997 |
|
|
Establishment date |
: 08/05/1997 |
|
|
Start of Activities |
: 01/07/1997 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 51.000 |
|
|
Subscribed Capital |
: 51.000 |
|
|
Paid up Capital |
: 51.000 |
Members
|
|
Messinese |
Giovanni |
|
|
Born in Comiso |
(RG) |
on 30/10/1953 |
- Fiscal Code : MSSGNN53R30C927B |
|
|
Residence: |
Benedetto Marcello |
, 56 |
- 25123 |
Brescia |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
09/09/2014 |
||
|
Director |
09/09/2014 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Treccani |
Giuseppe |
|
|
Born in Brescia |
(BS) |
on 28/01/1955 |
- Fiscal Code : TRCGPP55A28B157T |
|
|
Residence: |
Badia Via Terza |
, 33 |
- 25132 |
Brescia |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
09/09/2014 |
|
|
Pegaso Holding Srl |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
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.
|
|
Messinese |
Giovanni |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
ASSIPRO DI BORIO GUIDO E C. S.A.S. |
Brescia (BS) - IT - |
03320200177 |
Limited Partner |
Withdrawn |
Registered |
|
Messinese Giovanni |
Brescia (BS) - IT - |
Proprietor |
Active |
Registered |
|
|
ME-DO DI DORDONI GABRIELLA E C. S.A.S |
Brescia (BS) - IT - |
03165220173 |
Limited Partner |
Withdrawn |
Registered |
|
EDILMMOBILIARE FILIPPINI DI FILIPPINI GIANCARLO eamp; C. S.N.C. |
Brescia (BS) - IT - |
02942260171 |
Partner |
Withdrawn |
Registered |
|
GESTRA S.R.L. |
- - |
03467460170 |
Sole Director |
Withdrawn |
Registered |
|
GESTRA S.R.L. |
- - |
03467460170 |
Liquidator |
Active |
Registered |
|
Pegaso Holding S.A. |
Mendrisio - CH - |
Agent in Italy |
Active |
Registered |
|
|
Il Triangolo Immobiliare S.a.s. Di Messinese Giovanni |
Brescia (BS) - IT - |
02216660981 |
General Partner |
Withdrawn |
Registered |
|
AGENZIA IMMOBILIARE IL TRIANGOLO DI MESSINESE SALVATORE E C. S.N.C. |
Brescia (BS) - IT - |
01168710174 |
Partner |
Withdrawn |
Registered |
|
MESSINESE GIOVANNI |
Brescia (BS) - IT - |
MSSGNN53R30C927B |
Proprietor |
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 |
|
Messinese Giovanni |
Brescia - IT - |
MSSGNN53R30C927B |
5.100 .Eur |
10,00 |
|
Pegaso Holding Srl |
98074770177 |
45.900 .Eur |
90,00 |
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 |
|
Trento |
, 175 |
- 25020 |
- Capriano del Colle |
(BS) |
- IT - |
|
PHONE |
: 0309749234 |
|
FAX |
: 0309749227 |
|
Employees |
: 20 |
|
Fittings and Equipment for a value of 91.000 |
Eur |
|
Stocks for a value of 1.130.000 |
Eur |
Historical
Information and/or Firm's Status
EX-MEMBERS / EX-POSITIONS:
|
|
Dordoni |
Gabriella |
|
|
Born in Brescia |
(BS) |
on 03/04/1966 |
- Fiscal Code : DRDGRL66D43B157O |
|
|
Residence: |
Venezia |
, 274 |
- 25100 |
Brescia |
(BS) |
- IT - |
|
Ex-Postions |
|
Sole Director |
|
|
Messinese |
Giovanni |
|
|
Born in Comiso |
(RG) |
on 30/10/1953 |
- Fiscal Code : MSSGNN53R30C927B |
|
|
Residence: |
Benedetto Marcello |
, 56 |
- 25123 |
Brescia |
(BS) |
- IT - |
|
Ex-Postions |
|
Partner |
|
Sole Director |
|
|
Pegaso Holding S.A. |
|
|
: |
Via Lavizzari |
, 19A |
- 6850 |
Mendrisio |
- CH - |
|
Ex-Postions |
|
Partner |
|
|
Filippini |
Giancarlo |
|
|
Born in Brescia |
(BS) |
on 27/07/1957 |
- Fiscal Code : FLPGCR57L27B157R |
|
|
Residence: |
Bazoli |
, 2 |
- 25080 |
Botticino |
(BS) |
- IT - |
|
Ex-Postions |
|
Partner |
|
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
Company's starting of activities dates back to 1997.
The economic-financial analysis has been made on the base of the b/s of
the latests three years.
In the economic management , good and bad results followed on by turns.
; in the last financial year a loss was registered (r.o.e. -56,99%) The
turnover is growing in the last financial year (+15,18%).
The operating result is negative.
The amount of the operating loss for 2013 is equal to Eur. -249.554.
The GOM is negative and amounts to Eur. -115.384.
The ratio between shareholder's equity and borrowed capital is not well
balanced, the indebtedness level is equal to 4,97 with an upward trend.
The management generated equity capital for an amount of Eur. 758.788 ,
falling in comparison with the year before.
Total debts recorded amounted to Eur. 3.973.939 (Eur. 166.667 of which
were m/l term debts) with no important change.
Both financial indebtedness and suppliers exposure are rather high
anyway better than the field's average.
It shows a good range of liquidity.
As far as the collection of credit goes, the average is high (107,91
days). within the standard level of the average of the sector.
A negative cash flow marked the year 2013 totalling Eur. -298.261.
Labour cost amounts to Eur. 1.126.865, with a 13,76% incidence on
production costs. , whereas 14,42% is the incidence on sales revenues.
If compared to the sales volume (-0,93%), the impact of the financial
charges is limited.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
7.816.500 |
|
Profit (Loss) for the period |
-432.431 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.786.128 |
|
Profit (Loss) for the period |
-370.390 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
9.136.601 |
|
Profit (Loss) for the period |
175.576 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
9.151.395 |
|
Profit (Loss) for the period |
149.007 |
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 |
0,10 |
0,09 |
0,09 |
0,19 |
|
Elasticity Ratio |
Units |
0,90 |
0,91 |
0,90 |
0,79 |
|
Availability of stock |
Units |
0,22 |
0,18 |
0,18 |
0,20 |
|
Total Liquidity Ratio |
Units |
0,67 |
0,72 |
0,72 |
0,52 |
|
Quick Ratio |
Units |
0,01 |
0,08 |
0,08 |
0,03 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
4,97 |
2,67 |
1,92 |
3,31 |
|
Self Financing Ratio |
Units |
0,15 |
0,22 |
0,29 |
0,18 |
|
Capital protection Ratio |
Units |
1,50 |
1,27 |
0,85 |
0,66 |
|
Liabilities consolidation quotient |
Units |
0,13 |
0,19 |
0,13 |
0,18 |
|
Financing |
Units |
5,24 |
3,40 |
2,35 |
4,09 |
|
Permanent Indebtedness Ratio |
Units |
0,25 |
0,34 |
0,37 |
0,33 |
|
M/L term Debts Ratio |
Units |
0,10 |
0,12 |
0,08 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
1,61 |
1,05 |
0,32 |
0,61 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
2,53 |
3,94 |
4,18 |
1,80 |
|
Current ratio |
Units |
1,19 |
1,38 |
1,42 |
1,23 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,89 |
1,10 |
1,13 |
0,86 |
|
Structure's primary quotient |
Units |
1,55 |
2,50 |
3,25 |
1,12 |
|
Treasury's primary quotient |
Units |
0,01 |
0,12 |
0,13 |
0,07 |
|
Rate of indebtedness ( Leverage ) |
% |
666,92 |
463,81 |
350,54 |
541,00 |
|
Current Capital ( net ) |
Value |
724.048 |
1.390.754 |
1.467.830 |
380.064 |
|
RETURN |
|||||
|
Return on Sales |
% |
-3,82 |
-3,62 |
3,32 |
3,59 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-56,99 |
-31,09 |
11,24 |
4,82 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-53,95 |
-29,48 |
22,13 |
19,04 |
|
Return on Investment ( R.O.I. ) |
% |
-4,93 |
-7,11 |
7,13 |
4,67 |
|
Return/ Sales |
% |
-3,19 |
-5,79 |
4,27 |
4,49 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
n.c. |
45,01 |
25,43 |
|
Cash Flow |
Value |
-298.261 |
-245.705 |
303.293 |
134.539 |
|
Operating Profit |
Value |
-249.554 |
-392.825 |
390.095 |
158.212 |
|
Gross Operating Margin |
Value |
-115.384 |
-268.140 |
517.812 |
292.137 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
107,91 |
126,64 |
96,22 |
103,46 |
|
Debts to suppliers average term |
Days |
91,85 |
85,80 |
87,60 |
128,84 |
|
Average stock waiting period |
Days |
51,86 |
54,13 |
39,68 |
68,68 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,54 |
1,23 |
1,67 |
1,11 |
|
Rate of stock return |
Units |
6,94 |
6,65 |
9,07 |
5,22 |
|
Labour cost incidence |
% |
14,42 |
15,87 |
11,00 |
19,05 |
|
Net financial revenues/ charges incidence |
% |
-0,93 |
-0,93 |
-0,43 |
-1,26 |
|
Labour cost on purchasing expenses |
% |
13,76 |
14,83 |
12,33 |
19,40 |
|
Short-term financing charges |
% |
1,86 |
1,95 |
1,23 |
2,64 |
|
Capital on hand |
% |
64,74 |
81,42 |
59,91 |
90,11 |
|
Sales pro employee |
Value |
223.328 |
205.640 |
294.729 |
181.347 |
|
Labour cost pro employee |
Value |
32.196 |
32.631 |
32.429 |
33.314 |
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.
SOURCES
Our Company collects data from public registers, lists, archives or
contained in Acts and/or documents (held by the National Chamber of Commerce or
Immovables Territorial Agency), users, reporters or however generally
accessible (for example, from categorical lists, statistical institutes, press
reports and from public inspection internet sites).
The present report is supplied for Your exclusive use and is bond to the
general conditions of the contract. Personal Data collection and treatment,
reported, are conform to our company's activities and to Your mandate conferred
to us by Your request, for the purposes in relation to Marketing Management,
Sales and Monetary Administration. It does not contain, nor could contain,
information cancelled by a justified opposition right.
Market
/ Territory Data
|
Population living in the province |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
Monthly 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 1.330 significant companies.
The companies cash their credits on an average of 103 dd.
The average duration of suppliers debts is about 129 dd.
The sector's profitability is on an average of 3,59%.
The labour cost affects the turnover in the measure of 19,05%.
Goods are held in stock in a range of 69 dd.
The difference between the sales volume and the resources used to
realize it is about 1,11.
The employees costs represent the 19,40% of the production costs.
Statistical
Detrimental Data
Statistcally the trade activity shows periods of crisis.
The area is statistically considered moderately risky.
In the region 50.886 protested subjects are found; in the province they
count to 5.551.
The insolvency index for the region is 0,55, , while for the province it
is 0,48.
Total Bankrupt companies in the province : 3.452.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.16 |
|
|
1 |
Rs.98.62 |
|
Euro |
1 |
Rs.77.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.