MIRA INFORM REPORT
|
Report Date : |
18.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
PLURIPELL S.R.L. |
|
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|
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Registered Office : |
Via Della Pace, 3 Ponte A egola 56024 – san Miniato (PI) – IT - |
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Country : |
Italy |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
20.01.1997 |
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Legal Form : |
Sole-Member Limited Liability Company |
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Line of Business : |
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No. of Employees : |
1 to 5 |
RATING & COMMENTS
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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) |
|
Italy |
A1 |
A1 |
|
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 |
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 and address
|
Pluripell S.r.l. |
|
Via |
Della Pace, |
3 PONTE A EGOLA |
|
56024 |
- San Miniato |
(PI) |
-IT- |
Summary
|
Fiscal Code |
: |
00963980503 |
|
Legal Form |
: |
Sole-Member Limited Liability Company |
|
start of Activities |
: |
20/01/1997 |
|
Equity |
: |
250.000 |
|
Turnover Range |
: |
7.750.000/9.000.000 |
|
Number of Employees |
: |
from 1 to 5 |
Activity
Agents and representatives of raw textile fibres and
semi-finished goods, leather and skins
Wholesale of hides, skins and leather
Legal
Data
Legal Form : Sole-Member Limited Liability Company
|
Fiscal Code : 00963980503 |
|
Chamber of Commerce no. : 159867 of Ascoli Piceno |
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Chamber of Commerce no. : 90914 of Pisa since 11/12/1985 |
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Firms' Register : PI026-10455 of Pisa since 19/02/1996 |
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V.A.T. Code : 00963980503 |
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Trade Agents Licence : 5017 of Pisa since 10/09/1996 |
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R. E. C. no. : 9232 of Pisa since 19/06/1997 |
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Establishment date |
: 30/10/1985 |
|
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Start of Activities |
: 20/01/1997 |
|
|
Legal duration |
: 31/12/2050 |
|
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Nominal Capital |
: 100.000 |
|
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Subscribed Capital |
: 100.000 |
|
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Paid up Capital |
: 100.000 |
Members
|
|
Cioni |
Patrizio |
|
|
Born in San Miniato |
(PI) |
on 24/05/1959 |
- Fiscal Code : CNIPRZ59E24I046Z |
|
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Residence: |
Della Pace |
, 1 |
- 56028 |
San Miniato |
(PI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Person in charge |
19/04/2013 |
||
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Sole Director |
19/03/2013 |
||
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Sole partner |
04/02/2011 |
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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.
|
|
Cioni |
Patrizio |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Cioni Patrizio |
San Miniato (PI) - IT - |
CNIPRZ59E24I046Z |
Proprietor |
Withdrawn |
Ceased |
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 |
|
Cioni Patrizio |
San Miniato - IT - |
CNIPRZ59E24I046Z |
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 |
|
Della Pace |
, 3 |
- 56027 |
- San Miniato |
(PI) |
- IT - |
|
PHONE |
: 0571485085 |
|
Employees |
: 3 |
|
Assistants |
: 1 |
|
Stocks for a value of 350.000 |
Eur |
Historical Information and/or Firm's Status
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Limited partnership |
Limited liability company |
13/06/1994 |
EX-MEMBERS / EX-POSITIONS:
|
|
Cioni |
Patrizio |
|
|
Born in San Miniato |
(PI) |
on 24/05/1959 |
- Fiscal Code : CNIPRZ59E24I046Z |
|
|
Residence: |
Della Pace |
, 1 |
- 56028 |
San Miniato |
(PI) |
- IT - |
|
Ex-Postions |
|
Board Chairman |
|
|
Cioni |
Sandra |
|
|
Born in Fucecchio |
(FI) |
on 10/03/1967 |
- Fiscal Code : CNISDR67C50D815S |
|
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Residence: |
Della Pace |
- 56027 |
San Miniato |
(PI) |
- IT - |
|
Ex-Postions |
|
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.
Balance sheets for the years 2011, 2012 and 2013 were
analyzed.
During the last years, it achieved profits (r.o.e. 26,8% on
2013)
The operating result in 2013 was positive (4,74%) and in
line with the sector's average.
The amount of the operating result for the year 2013 is of
Eur. 181.534 showing a fall as opposed to the previous year (-49,8%).
During the latest financial year the gross operating margin
amounted to Eur. 201.466 with a -46,19% fall.
Short-term debts volume if compared to net worth, as it
comes out from the total indebtedness (14,55) which is rising compared to 2012.
It's shareholders funds amount to Eur. 213.942 on the same
levels as the year before.
During the last financial year total debts volume reached
Eur. 3.593.038 (Eur. 286.096 were m/l term ones) , showing an upward trend if
compared to 2012.
Available funds are good.
Eur. 77.265 is the value of cash flow during the year 2013
Labour cost amounts to Eur. 117.128, with a 1,35% incidence
on production costs. , whereas the incidence on sales revenues is of 1,32%.
If compared to the sales volume (-0,64%), 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 |
8.863.985 |
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Profit (Loss) for the period |
57.333 |
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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RATIOS |
Value Type |
as at 31/12/2013 |
Sector Average |
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COMPOSITION ON INVESTMENT |
|||
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Rigidity Ratio |
Units |
0,02 |
0,12 |
|
Elasticity Ratio |
Units |
0,98 |
0,86 |
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Availability of stock |
Units |
0,09 |
0,12 |
|
Total Liquidity Ratio |
Units |
0,89 |
0,70 |
|
Quick Ratio |
Units |
0,05 |
0,05 |
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COMPOSITION ON SOURCE |
|||
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Net Short-term indebtedness |
Units |
14,55 |
3,66 |
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Self Financing Ratio |
Units |
0,06 |
0,17 |
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Capital protection Ratio |
Units |
0,26 |
0,58 |
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Liabilities consolidation quotient |
Units |
0,09 |
0,09 |
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Financing |
Units |
16,79 |
4,48 |
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Permanent Indebtedness Ratio |
Units |
0,14 |
0,29 |
|
M/L term Debts Ratio |
Units |
0,08 |
0,05 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
0,32 |
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CORRELATION |
|||
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Fixed assets ratio |
Units |
7,55 |
1,99 |
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Current ratio |
Units |
1,14 |
1,13 |
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Acid Test Ratio-Liquidity Ratio |
Units |
1,03 |
1,00 |
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Structure's primary quotient |
Units |
3,10 |
1,32 |
|
Treasury's primary quotient |
Units |
0,06 |
0,08 |
|
Rate of indebtedness ( Leverage ) |
% |
1789,62 |
568,12 |
|
Current Capital ( net ) |
Value |
452.609 |
100.720 |
|
RETURN |
|||
|
Return on Sales (R.O.S.) |
% |
0,87 |
1,95 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
26,80 |
5,66 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
65,17 |
15,26 |
|
Return on Investment ( R.O.I. ) |
% |
4,74 |
3,60 |
|
Return/ Sales |
% |
2,05 |
2,71 |
|
Extra Management revenues/charges incid. |
% |
31,58 |
34,41 |
|
Cash Flow |
Value |
77.265 |
50.638 |
|
Operating Profit |
Value |
181.534 |
59.288 |
|
Gross Operating Margin |
Value |
201.466 |
102.719 |
|
MANAGEMENT |
|||
|
Credits to clients average term |
Days |
n.c. |
98,72 |
|
Debts to suppliers average term |
Days |
n.c. |
102,13 |
|
Average stock waiting period |
Days |
14,06 |
27,12 |
|
Rate of capital employed return ( Turnover ) |
Units |
2,32 |
1,52 |
|
Rate of stock return |
Units |
25,60 |
13,27 |
|
Labour cost incidence |
% |
1,32 |
5,89 |
|
Net financial revenues/charges incidence |
% |
-0,64 |
-0,45 |
|
Labour cost on purchasing expenses |
% |
1,35 |
6,11 |
|
Short-term financing charges |
% |
1,59 |
1,92 |
|
Capital on hand |
% |
43,19 |
65,89 |
|
Sales pro employee |
Value |
2.954.661 |
508.894 |
|
Labour cost pro employee |
Value |
39.042 |
34.393 |
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 |
: |
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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 1.824 significant
companies.
The companies cash their credits on an average of 99 dd.
The average duration of suppliers debts is about 102 dd.
The sector's profitability is on an average of 1,95%.
The labour cost affects the turnover in the measure of
5,89%.
Goods are held in stock in a range of 27 dd.
The difference between the sales volume and the resources
used to realize it is about 1,52.
The employees costs represent the 6,11% 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 2.664.
The insolvency index for the region is 0,70, , while for the
province it is 0,68.
Total Bankrupt companies in the province : 1.648.
Total Bankrupt companies in the region : 20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.61 |
|
|
1 |
Rs.99.11 |
|
Euro |
1 |
Rs.78.89 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
PDT |
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.