|
Report Date : |
02.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
EUROPROGETTI SRL |
|
|
|
|
Registered Office : |
Corso, Stati Uniti, 23/I, 35127, Padova |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
14.04.2003 |
|
|
|
|
Legal Form : |
Sole-Member Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of various non-food consumer
goods |
|
|
|
|
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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
EUROPROGETTI SRL
|
Corso |
Stati Uniti, |
23/I |
|
35127 |
- Padova |
(PD) |
-IT- |
|
Fiscal Code |
: |
03076510241 |
|
Legal Form |
: |
Sole-Member Limited Liability Company |
|
Start of Activities |
: |
14/04/2003 |
|
Equity |
: |
15.000 |
|
Turnover Range |
: |
2.000.000/2.250.000 |
|
Number of Employees |
: |
from 1 to 5 |
Wholesale of various non-food consumer goods
Legal Form : Sole-Member Limited Liability
Company
|
Fiscal Code : 03076510241 |
|
Chamber of Commerce no. : 386120 of Padova since 29/04/2011 |
|
Chamber of Commerce no. : 297264 of Vicenza |
|
Firms' Register : VI-2003-23086 of Vicenza |
|
V.A.T. Code : 03076510241 |
|
Establishment date |
: 14/04/2003 |
|
|
Start of Activities |
: 14/04/2003 |
|
|
Legal duration |
: 31/12/2040 |
|
|
Nominal Capital |
: 10.400 |
|
|
Subscribed Capital |
: 10.400 |
|
|
Paid up Capital |
: 10.400 |
|
|
|
Storti |
Silvano |
|
|
|
Born in Valdagno |
(VI) |
on 01/02/1948 |
- Fiscal Code : STRSVN48B01L551W |
|
|
|
Residence: |
|
Bonardi |
, 21 |
- 35100 |
Padova |
(PD) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
13/08/2004 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Milano Fiduciaria S.r.l. |
|
|
|
|
|
|
: |
|
Correggio |
, 3 |
- 20149 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
21/12/2009 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Milano Fiduciaria S.r.l. |
|
|
|
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
*checkings have been performed on a national
scale.
In this module are listed the companies in
which members hold or have holded positions.
|
|
Storti |
Silvano |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
SIMAR DI STORTI SILVANO |
Valdagno (VI) - IT - |
STRSVN48B01L551W |
Proprietor |
Withdrawn |
Registered |
|
W.t.t. Water Treatment Technology S.r.l. |
Padova (PD) - IT - |
03821090283 |
Director |
Withdrawn |
Registered |
|
W.t.t. Water Treatment Technology S.r.l. |
Padova (PD) - IT - |
03821090283 |
Assistant board
Chairman |
Withdrawn |
Registered |
|
W.t.t. Water Treatment Technology S.r.l. |
Padova (PD) - IT - |
03821090283 |
Managing
Director |
Withdrawn |
Registered |
|
|
Milano Fiduciaria S.r.l. |
|
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Brera Estate S.r.l. |
Milano (MI) - IT - |
07394410968 |
Sole partner |
Active |
Registered |
|
T.s.m. Srl |
Monfalcone (GO) - IT - |
01138830318 |
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.
Shareholders' list as at date of data
collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Milano Fiduciaria S.r.l. |
Milano - IT - |
06414490968 |
|
100,00 |
The Company under review has no
participations in other Companies.
In order to carry out its activities the
firm uses the following locations:
|
- |
Legal and operative seat |
|
|
|
|
|
|
|
Stati Uniti |
, 23/I |
- 35100 |
- Padova |
(PD) |
- IT - |
|
|
|
|
PHONE |
: 0496988432 |
|
|
|
|
FAX |
: 0498702422 |
|
|
|
|
Employees |
: 5 |
|
Stocks for a value of 150.000 |
Eur |
|
|
Protests checking on the subject firm has
given a negative result.
Search performed on a National Scale
|
|
|
Prejudicial Events Search Result: NEGATIVE |
Search performed on a specialized data base.
None reported, standing to the latest
received edition of the Official Publications.
Company's starting of activities dates back
to 2003.
An eco-fin analysis has been made on the
base od the b/s fo the years 2011, 2012 and 2013.
Under the financial profile unstable results
are noted. yet with a positive result in the 2013 (r.o.e. 9,81%). The turnover
is growing in the last financial year (more then 100%).
The operating result was positive in the
last financial year (2,91%) and reflects the field's average.
The amount of the operating result is equal
to Eur. 28.029 , with no sizeable change as opposed to the year before.
The economic management produced a gross
operating margin of Eur. 34.733 , stable if compared to the year before.
Net worth does not allow a regular management,
short-term debts volume is considerably high, with an high indebtedness volume
on the whole (67,37) and increasing if compared to the previous year.
It's shareholders funds amount to Eur.
11.539 on the same levels as the year before.
In the year 2013 total debts amounted to
Eur. 900.237 , with no sensible variation.
The company does not exceed in bank credits;
payments average period is instead slightly high (104,53 gg.) but lined up with
the field's average.
It shows a good range of liquidity.
Due from customers average term is high and
equal to 96,61 days. but on the same levels as the average of the sector.
2013 financial year closed with a cash flow
of Eur. 7.836
Labour cost expenses amount to Eur. 261.903
, representing 11,26% on the total of production costs. , whereas the incidence
of such costs on sales revenues is equal to 11,66%.
Limited financial charges in relation to
sales volume.
|
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.246.970 |
|
Profit (Loss) for the period |
1.132 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
916.678 |
|
Profit (Loss) for the period |
-1.983 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
870.040 |
|
Profit (Loss) for the period |
-2.370 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
468.658 |
|
Profit (Loss) for the period |
2.652 |
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 |
0,02 |
0,02 |
0,04 |
0,09 |
|
Elasticity Ratio |
Units |
0,97 |
0,98 |
0,96 |
0,89 |
|
Availability of stock |
Units |
0,16 |
0,04 |
0,05 |
0,26 |
|
Total Liquidity Ratio |
Units |
0,81 |
0,94 |
0,91 |
0,54 |
|
Quick Ratio |
Units |
0,03 |
0,01 |
0,01 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
67,37 |
67,36 |
53,96 |
3,95 |
|
Self Financing Ratio |
Units |
0,01 |
0,01 |
0,02 |
0,17 |
|
Capital protection Ratio |
Units |
0,00 |
0,19 |
0,35 |
0,62 |
|
Liabilities consolidation quotient |
Units |
0,16 |
0,21 |
0,03 |
0,10 |
|
Financing |
Units |
78,02 |
79,67 |
54,26 |
4,85 |
|
Permanent Indebtedness Ratio |
Units |
0,15 |
0,19 |
0,04 |
0,29 |
|
M/L term Debts Ratio |
Units |
0,14 |
0,17 |
0,03 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
n.c. |
n.c. |
1,04 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
6,70 |
8,16 |
1,22 |
2,37 |
|
Current ratio |
Units |
1,16 |
1,21 |
1,01 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,97 |
1,16 |
0,95 |
0,80 |
|
Structure's primary quotient |
Units |
0,53 |
0,52 |
0,48 |
1,48 |
|
Treasury's primary quotient |
Units |
0,04 |
0,01 |
0,01 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
8344,84 |
8403,27 |
5700,87 |
602,26 |
|
Current Capital ( net ) |
Value |
125.923 |
146.992 |
3.730 |
191.984 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
0,35 |
0,42 |
0,25 |
2,03 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
9,81 |
-19,05 |
-19,13 |
6,31 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
206,79 |
194,98 |
72,47 |
17,00 |
|
Return on Investment ( R.O.I. ) |
% |
2,91 |
3,18 |
1,65 |
4,18 |
|
Return/ Sales |
% |
1,25 |
3,03 |
1,34 |
3,46 |
|
Extra Management revenues/charges incid. |
% |
4,04 |
-7,13 |
-20,36 |
27,96 |
|
Cash Flow |
Value |
7.836 |
3.844 |
2.162 |
44.823 |
|
Operating Profit |
Value |
28.029 |
27.797 |
11.640 |
74.603 |
|
Gross Operating Margin |
Value |
34.733 |
33.624 |
16.172 |
111.383 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
96,61 |
n.c. |
n.c. |
113,70 |
|
Debts to suppliers average term |
Days |
104,53 |
n.c. |
n.c. |
118,14 |
|
Average stock waiting period |
Days |
24,07 |
13,75 |
14,48 |
72,90 |
|
Rate of capital employed return ( Turnover ) |
Units |
2,33 |
1,05 |
1,23 |
1,25 |
|
Rate of stock return |
Units |
14,95 |
26,19 |
24,86 |
4,88 |
|
Labour cost incidence |
% |
11,66 |
30,17 |
24,77 |
8,14 |
|
Net financial revenues/ charges incidence |
% |
-0,27 |
-0,51 |
-0,29 |
-1,38 |
|
Labour cost on purchasing expenses |
% |
11,26 |
31,12 |
25,11 |
8,25 |
|
Short-term financing charges |
% |
0,69 |
0,58 |
0,37 |
2,76 |
|
Capital on hand |
% |
42,85 |
95,41 |
81,18 |
79,85 |
|
Sales pro employee |
Value |
449.394 |
114.584 |
145.006 |
397.742 |
|
Labour cost pro employee |
Value |
52.380 |
34.573 |
35.919 |
33.267 |
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.
|
Population living in the province |
: |
882.779 |
|
Population living in the region |
: |
4.699.950 |
|
Number of families in the region |
: |
1.813.210 |
Monthly family expences average in the
region (in Eur..) :
|
- per food products |
: |
456 |
|
- per non food products |
: |
2.052 |
|
- per energy consume |
: |
127 |
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.
Statistcally the trade activity shows
periods of crisis.
The area is statistically considered
moderately risky.
In the region 13.782 protested subjects are
found; in the province they count to 2.646.
The insolvency index for the region is 0,30,
, while for the province it is 0,30.
Total Bankrupt companies in the province :
3.821.
Total Bankrupt companies in the region :
16.714.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.47 |
|
UK Pound |
1 |
Rs.100.43 |
|
Euro |
1 |
Rs.79.40 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.