MIRA INFORM REPORT
|
Report Date : |
14.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
TATARELLA DISTRIBUZIONE SOCIETA' PER AZI ONI |
|
|
|
|
Registered Office : |
Strada Provinciale 231 Km 5,2, 70032 -
Bitonto (BA) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
04.02.1986 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Wholesale of Footwear and Accessories. |
|
|
|
|
No of Employees : |
From 1 to 5 |
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 : |
No Complaints |
|
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
TATARELLA DISTRIBUZIONE SOCIETA' PER AZI ONI
Strada Provinciale 231 Km 5,2,
70032 - Bitonto (BA) -IT-
Summary
|
Fiscal Code |
: |
03076230725 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
04/02/1986 |
|
Equity |
: |
2.000.000 |
|
Turnover Range |
: |
2.000.000/2.250.000 |
|
Number of Employees |
: |
from 1 to 5 |
Activity
Wholesale of footwear and accessories
Legal
Data
Legal Form : Joint stock company
|
Fiscal Code : 03076230725 |
|
Foreign Trade Reg. no. : BA026804 since 28/11/1995 |
|
Chamber of Commerce no. : 242831 of Bari since 01/03/1984 |
|
Firms' Register : BA006-15697 of Bari since 19/02/1996 |
|
V.A.T. Code : 03076230725 |
|
R. E. C. no. : 47883 of Bari since 16/11/1984 |
|
Foundation date |
: 01/01/1984 |
|
|
Establishment date |
: 31/01/1984 |
|
|
Start of Activities |
: 04/02/1986 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 120.000 |
|
|
Subscribed Capital |
: 120.000 |
|
|
Paid up Capital |
: 120.000 |
Members
|
|
Tatarella |
Nicola |
|
|
Born in Cerignola |
(FG) |
on 16/08/1936 |
- Fiscal Code : TTRNCL36M16C514M |
|
|
Residence: |
Umberto I |
, 77 |
- 70127 |
Bari |
(BA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
11/06/2012 |
|
|
Prejudicial events registered |
Legal Mortgage - 06/08/2010. -
49.979 Euro.
|
|
E. T. R. S. P. A. |
|
|
No Protests registered |
|
|
Tusino |
Francesca |
|
|
Born in Foggia |
(FG) |
on 27/01/1973 |
- Fiscal Code : TSNFNC73A67D643W |
|
|
Residence: |
F.turati Lott.b |
, 30 |
- 71122 |
Foggia |
(FG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Auditor |
24/06/2013 |
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.
|
|
Tatarella |
Nicola |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Bituntum 2000 S.R.L. |
Bitonto (BA) - IT - |
05371400721 |
Board Chairman |
Withdrawn |
Registered |
|
Enneti S.r.l. |
Bitonto (BA) - IT - |
05736070722 |
Sole Director |
Active |
Registered |
|
ENNETI DI NICOLA TATARELLA |
Bitonto (BA) - IT - |
TTRNCL36M16C514M |
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 |
|
Tatarella Giuseppe |
Bari - IT - |
TTRGPP70M18C514P |
12.000 .Eur |
10,00 |
|
Tatarella Nicola |
Bari - IT - |
TTRNCL36M16C514M |
66.000 .Eur |
55,00 |
|
CAIRA CARMELA |
Bologna - IT - |
CRACML44A63C514C |
18.000 .Eur |
15,00 |
|
Tatarella Annarita |
Bari - IT - |
TTRNRT67R66C514B |
12.000 .Eur |
10,00 |
|
Tatarella Valerio |
Bari - IT - |
CRBBNT60E22H501J |
12.000 .Eur |
10,00 |
|
Tatarella Valerio |
Bari - IT - |
TTRVLR66H02C514V |
12.000 .Eur |
10,00 |
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 |
|
Primadonna Societa' Per Azioni |
Bitonto - IT - |
05694150722 |
1.262.500 .Eur |
50,50 |
Active |
Firm's
location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
231 Km 5,2 |
, . |
- 70032 |
- Bitonto |
(BA) |
- IT - |
|
Total Surface: 1.000 Sq.mt. |
|
- |
Branch |
(Branch) |
since 01/02/1990 |
until 30/12/1990 |
|
100 Km.17,500 Lotto 12 Mod.24 |
- 70010 |
- Casamassima |
(BA) |
- IT - |
|
- |
Branch |
(Branch) |
since 17/02/1991 |
until 30/08/1993 |
|
100 Km. 17,500 Lotto 14 Mod.15 |
- 70010 |
- Casamassima |
(BA) |
- IT - |
|
PHONE |
: 0806970506 |
|
Employees |
: 2 |
|
Assistants |
: 2 |
|
Fittings and Equipment for a value of 9.000 |
Eur |
|
Stocks for a value of 45.000 |
Eur |
The subject firm uses the following own selling brands:
|
- Prima donna |
Historical
Information and/or Firm's Status
EX-MEMBERS / EX-POSITIONS:
|
|
Tatarella |
Giuseppe |
|
|
Born in Cerignola |
(FG) |
on 18/08/1970 |
- Fiscal Code : TTRGPP70M18C514P |
|
|
Residence: |
Pomponio Nenna |
, 27 |
- 70127 |
Bari |
(BA) |
- IT - |
|
Ex-Postions |
|
Sole Director |
|
|
Tatarella |
Valerio |
|
|
Born in Cerignola |
(FG) |
on 02/06/1966 |
- Fiscal Code : TTRVLR66H02C514V |
|
|
Residence: |
Umberto I |
, 77 |
- 70100 |
Bari |
(BA) |
- IT - |
|
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.
Bankers
The firm operates with:
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
BANCA INTESASANPAOLO S.P.A. |
COMIT - BITONTO |
PIAZZA MARCONI 35 |
70032 |
Bitonto (BA) |
3069 |
41380 |
Financial
and Economical Analysis
Subject is active since 1986
The analysis is based on the latest 3 balance sheets.
During the last years, it achieved profits (r.o.e. 0,26% on 2013) and
with an upward trend in turnover trend during the last financial year (more
then 100% in 2013).
The operating result is negative.
The amount of the operating loss for 2013 is equal to Eur. -13.429.
During the latest financial year the gross operating margin amounted to
Eur. 18.759 showing a more then 100% growth.
From a financial aspect the company's status covers total short-term
debts; the indebtedness volume in 2013 is in fact 0,77 but slighlty increasing.
With regard to equity capital, an amount of Eur. 1.762.642 is
registered. on stable levels.
During the last financial year total debts volume reached Eur. 1.440.448
(Eur. 78.061 were m/l term ones) while during the financial year 2012 the
amount was equal to Eur. 957.936.
The company does not exceed in bank borrowings; the recourse to
suppliers' credit is also limited which is also lower than the sector average.
Payments are supported by good current assets.
Trade credits average terms are slow, on average 253,59 days. also in
relation to the average of the sector.
During financial year 2013 the cash flow amounted to Eur. 36.726
High incidence of financial charges on turnover.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.070.498 |
|
Profit (Loss) for the period |
4.538 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
577.119 |
|
Profit (Loss) for the period |
291.396 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.519.623 |
|
Profit (Loss) for the period |
269 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.380.307 |
|
Profit (Loss) for the period |
136.595 |
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
9.026.579 |
|
Profit (Loss) for the period |
268.326 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
0,36 |
0,45 |
0,51 |
0,09 |
|
Elasticity Ratio |
Units |
0,63 |
0,54 |
0,48 |
0,89 |
|
Availability of stock |
Units |
0,01 |
n.c. |
0,05 |
0,26 |
|
Total Liquidity Ratio |
Units |
0,62 |
0,54 |
0,43 |
0,54 |
|
Quick Ratio |
Units |
0,02 |
0,09 |
0,02 |
0,03 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
0,77 |
0,36 |
0,28 |
3,95 |
|
Self Financing Ratio |
Units |
0,55 |
0,64 |
0,74 |
0,17 |
|
Capital protection Ratio |
Units |
0,93 |
0,77 |
0,94 |
0,62 |
|
Liabilities consolidation quotient |
Units |
0,06 |
0,09 |
0,10 |
0,10 |
|
Financing |
Units |
0,82 |
0,54 |
0,31 |
4,85 |
|
Permanent Indebtedness Ratio |
Units |
0,57 |
0,67 |
0,77 |
0,29 |
|
M/L term Debts Ratio |
Units |
0,02 |
0,03 |
0,02 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
0,54 |
0,00 |
0,00 |
1,04 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,58 |
1,48 |
1,52 |
2,37 |
|
Current ratio |
Units |
1,49 |
1,68 |
2,13 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,46 |
1,68 |
1,89 |
0,80 |
|
Structure's primary quotient |
Units |
1,51 |
1,42 |
1,47 |
1,48 |
|
Treasury's primary quotient |
Units |
0,04 |
0,27 |
0,10 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
181,72 |
155,34 |
134,30 |
602,26 |
|
Current Capital ( net ) |
Value |
669.101 |
597.913 |
678.481 |
191.984 |
|
RETURN |
|||||
|
Return on Sales |
% |
1,77 |
92,26 |
4,41 |
2,03 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
0,26 |
16,57 |
0,01 |
6,31 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
0,43 |
13,60 |
2,61 |
17,00 |
|
Return on Investment ( R.O.I. ) |
% |
-0,42 |
-12,07 |
2,16 |
4,18 |
|
Return/ Sales |
% |
-0,65 |
-57,13 |
2,26 |
3,46 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
n.c. |
0,47 |
27,96 |
|
Cash Flow |
Value |
36.726 |
532.439 |
111.196 |
44.823 |
|
Operating Profit |
Value |
-13.429 |
-329.682 |
57.035 |
74.603 |
|
Gross Operating Margin |
Value |
18.759 |
-88.639 |
167.962 |
111.383 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
253,59 |
171,75 |
88,49 |
113,70 |
|
Debts to suppliers average term |
Days |
62,20 |
656,71 |
84,04 |
118,14 |
|
Average stock waiting period |
Days |
7,89 |
n.c. |
20,73 |
72,90 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,65 |
0,21 |
0,95 |
1,25 |
|
Rate of stock return |
Units |
45,62 |
n.c. |
17,37 |
4,88 |
|
Labour cost incidence |
% |
n.c. |
1,60 |
7,85 |
8,14 |
|
Net financial revenues/ charges incidence |
% |
-1,92 |
82,36 |
-1,32 |
-1,38 |
|
Labour cost on purchasing expenses |
% |
n.c. |
0,92 |
7,44 |
8,25 |
|
Short-term financing charges |
% |
3,28 |
3,24 |
5,63 |
2,76 |
|
Capital on hand |
% |
154,70 |
473,22 |
104,83 |
79,85 |
|
Sales pro employee |
Value |
419.937 |
397.742 |
||
|
Labour cost pro employee |
Value |
32.967 |
33.267 |
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.
|
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 9.175 significant companies.
The companies cash their credits on an average of 114 dd.
The average duration of suppliers debts is about 118 dd.
The sector's profitability is on an average of 2,03%.
The labour cost affects the turnover in the measure of 8,14%.
Goods are held in stock in a range of 73 dd.
The difference between the sales volume and the resources used to
realize it is about 1,25.
The employees costs represent the 8,25% of the production costs.
Statistical
Detrimental Data
Statistically the trade activity passes through serious crises.
The area is statistically considered remarkably risky.
In the region 41.341 protested subjects are found; in the province they
count to 14.510.
The insolvency index for the region is 1,02, , while for the province it
is 0,92.
Total Bankrupt companies in the province : 8.292.
Total Bankrupt companies in the region : 15.496.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.25 |
|
|
1 |
Rs.98.68 |
|
Euro |
1 |
Rs.77.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.