|
Report Date : |
04.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
TREND
GROUP S.P.A. |
|
|
|
|
Registered Office : |
Piazzale Torquato Fraccon, 8, 36100-Vicenza
(VI)-IT- |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
05.08.1999 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture of glass and glass products |
|
|
|
|
No of Employees : |
From 91 to 110 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
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 |
TREND
GROUP S.P.A.
Piazzale Torquato Fraccon, 8
36100 - Vicenza (VI) -IT-
|
Fiscal Code |
: |
02780620247 |
|
Legal Form |
: |
Joint stock company |
|
Start of Activities |
: |
07/03/2000 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
20.000.000/25.000.000 |
|
Number of Employees |
: |
from 91 to 110 |
Manufacture of glass and glass products
Legal Form : Joint stock company
|
Fiscal Code : 02780620247 |
|
Chamber of Commerce no. : 75339 of Pordenone |
|
Chamber of Commerce no. : 274358 of Vicenza since 26/10/1999 |
|
Firms' Register : VI-1999-48918 of Vicenza since 04/11/1999 |
|
V.A.T. Code : 02780620247 |
|
Establishment date |
: 05/08/1999 |
|
|
Start of Activities |
: 07/03/2000 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 1.950.000 |
|
|
Subscribed Capital |
: 1.560.000 |
|
|
Paid up Capital |
: 1.560.000 |
|
|
|
Ronconi |
Alberto |
|
|
|
Born in Valdagno |
(VI) |
on 21/12/1960 |
- Fiscal Code : RNCLRT60T21L551U |
|
|
|
Residence: |
|
San Silvestro |
, 43 |
- 36100 |
Vicenza |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
09/12/2010 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Bisazza |
Giuseppe |
|
|
|
Born in Trissino |
(VI) |
on 17/10/1936 |
- Fiscal Code : BSZGPP36R17L433E |
|
|
|
Residence: |
|
Busa San Michele |
, 10 |
- 36100 |
Vicenza |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/06/2014 |
|
|
|
Board Chairman |
30/06/2014 |
|
|
|
Managing Director |
30/06/2014 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Di Giuseppe |
Andrea |
|
|
|
Born in Roma |
(RM) |
on 20/05/1968 |
- Fiscal Code : DGSNDR68E20H501N |
|
|
|
Residence: |
|
South Pointe Drive |
, 300 |
Miami - Beach - Florida |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/06/2014 |
|
|
|
|
Bisazza |
Federica |
|
|
|
Born in Thiene |
(VI) |
on 19/01/1967 |
- Fiscal Code : BSZFRC67A59L157I |
|
|
|
Residence: |
|
San Michele |
, 9 |
- 36100 |
Vicenza |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/06/2014 |
|
|
|
Managing Director |
30/06/2014 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Bisazza |
Riccardo |
|
|
|
Born in Thiene |
(VI) |
on 09/07/1971 |
- Fiscal Code : BSZRCR71L09L157A |
|
|
|
Residence: |
|
Torretti |
, 15 |
- 36100 |
Vicenza |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/06/2014 |
|
|
|
Managing Director |
30/06/2014 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Finpi Societa' Semplice |
|
|
|
|
|
|
: |
|
Fraccon |
, 8 |
- 36100 |
Vicenza |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Laverda |
Giovanna |
|
|
|
Born in Breganze |
(VI) |
on 02/04/1942 |
- Fiscal Code : LVRGNN42D42B132E |
|
|
|
Residence: |
|
Busa San Michele |
, 10 |
- 36100 |
Vicenza |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/06/2014 |
|
|
|
|
Bisazza |
Stefano |
|
|
|
Born in Thiene |
(VI) |
on 04/05/1969 |
- Fiscal Code : BSZSFN69E04L157E |
|
|
|
Residence: |
|
Costa |
, 21 |
- 36064 |
Mason Vicentino |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/06/2014 |
|
|
|
|
Pauletto |
Dino |
|
|
|
Born in Fossalta di Portogruaro |
(VE) |
on 15/05/1955 |
- Fiscal Code : PLTDNI55E15D741U |
|
|
|
Residence: |
|
Cesare Battisti |
, 3/B |
- 30025 |
Fossalta di Portogruaro |
(VE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
17/05/2005 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Tedesco |
Michela |
|
|
|
Born in Sandrigo |
(VI) |
on 12/08/1971 |
- Fiscal Code : TDSMHL71M52H829I |
|
|
|
Residence: |
|
Riviera Berica |
, 245/U |
- 36100 |
Vicenza |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
19/07/2010 |
|
|
|
Director |
30/06/2014 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Bonalberti |
Andrea |
|
|
|
Born in Legnago |
(VR) |
on 06/06/1972 |
- Fiscal Code : BNLNDR72H06E512Y |
|
|
|
Residence: |
|
Miranese |
, 1/A |
- 30100 |
Venezia |
(VE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
11/11/2008 |
|
|
|
|
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.
|
|
Bisazza |
Giuseppe |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Comem S.p.A. |
Montebello Vicentino (VI) - IT - |
00152130241 |
Managing Director |
Withdrawn |
Merged |
|
Comem S.p.A. |
Montebello Vicentino (VI) - IT - |
00152130241 |
Director |
Withdrawn |
Merged |
|
Societa' Finanziaria Ed Editoriale SanMarco S.p.a. |
Venezia (VE) - IT - |
00170120273 |
Director |
Withdrawn |
Merged |
|
Veneta Isolatori - S.r.l. |
Ceggia (VE) - IT - |
01222840264 |
Director |
Withdrawn |
Registered |
|
Repla S.r.l. |
Calusco d'Adda (BG) - IT - |
01752290153 |
Managing Director |
Withdrawn |
Registered |
|
Repla S.r.l. |
Calusco d'Adda (BG) - IT - |
01752290153 |
Board Chairman |
Withdrawn |
Registered |
|
Societa' Athesis S.p.a. |
Verona (VR) - IT - |
00213960230 |
Director |
Withdrawn |
Registered |
|
SOCIETA' IN ACCOMANDITA SEMPLICE VETRICOLOR DI RENATO
BISAZZA eamp; C. |
Montecchio Maggiore (VI) - IT - |
00142850247 |
General Partner |
Withdrawn |
Registered |
|
Imprese Tipografiche Venete Spa
Con SociO Unico |
Roma (RM) - IT - |
00188600274 |
Director |
Withdrawn |
Registered |
|
BISAZZA VETRO S.R.L. |
Venezia (VE) - IT - |
02045230279 |
Chairman |
Withdrawn |
Registered |
|
TESAN S.P.A. |
Vicenza (VI) - IT - |
01884560242 |
Director |
Withdrawn |
Registered |
|
GRUPPO SAN ZENO EDITRICE IL NUOVO VERONESE SRL |
Verona (VR) - IT - |
00782210231 |
Director |
Withdrawn |
Registered |
|
Bisazza Vetro Srl |
Venezia (VE) - IT - |
|
Chairman and Managing Director |
Withdrawn |
Registered |
|
Area Nord Concessionaria di Pubblicita'SpA |
Venezia - Mestre (VE) - IT - |
|
Director |
Withdrawn |
Registered |
|
Societa' Editrice Padana S.E.P. SpA |
Venezia - Mestre (VE) - IT - |
|
Director |
Withdrawn |
Registered |
|
Ved SpA |
Venezia - Mestre (VE) - IT - |
|
Chairman |
Withdrawn |
Registered |
|
Finvi Srl |
Vicenza (VI) - IT - |
|
Chairman |
Withdrawn |
Registered |
|
Finanziaria Gruppo Bisazza Sas di
Giuseppe Bisazzaeamp; C. |
Montecchio Maggiore (VI) - IT - |
|
General Partner |
Withdrawn |
Registered |
|
Finpi Sas di Pino Bisazza eamp; C. |
Montecchio Maggiore (VI) - IT - |
|
General Partner |
Withdrawn |
Registered |
|
Editrice T.N.V. SpA |
Verona (VR) - IT - |
|
Director |
Withdrawn |
Registered |
|
Palladio Partecipazioni S.p.a. |
Vicenza (VI) - IT - |
09287810155 |
Director |
Withdrawn |
Ceased |
|
VED S.P.A. |
Venezia (VE) - IT - |
01596880243 |
Sole Director |
Withdrawn |
Merged |
|
2vfin Spa |
Vicenza (VI) - IT - |
02778190237 |
Director |
Withdrawn |
Registered |
|
Palladio Corporate Finance S.p.a. |
Vicenza (VI) - IT - |
01474110242 |
Director |
Withdrawn |
Registered |
|
SOCIETA' EDITRICE PADANA - S.E.P. S.P.A.IN FORMA ABBREVIATA S.E.P.
S.P.A. |
- - |
00744300286 |
Director |
Withdrawn |
Registered |
|
GRUPPO BISAZZA S.P.A. |
SPILIMBERGO - IT - |
|
Managing Director |
Withdrawn |
Registered |
|
SILEX S.P.A. |
SAREGO - IT - |
|
Managing Director |
Withdrawn |
Registered |
|
Finpi Societa' Semplice |
Vicenza (VI) - IT - |
00885390245 |
Partner |
Active |
Registered |
|
Arteapulia S.r.l. |
Vicenza (VI) - IT - |
05431610723 |
Managing Director |
Active |
Registered |
|
Arteapulia S.r.l. |
Vicenza (VI) - IT - |
05431610723 |
Director |
Active |
Registered |
|
Arteapulia S.r.l. |
Vicenza (VI) - IT - |
05431610723 |
Person in charge |
Withdrawn |
Registered |
|
Arteapulia S.r.l. |
Vicenza (VI) - IT - |
05431610723 |
Representative in charge ofitalian branch |
Withdrawn |
Registered |
|
Arteapulia S.r.l. |
Vicenza (VI) - IT - |
05431610723 |
Board Chairman |
Active |
Registered |
|
TISTONE S.R.L. |
Reggio Calabria (RC) - IT - |
03108570247 |
Liquidator |
Withdrawn |
Registered |
|
TISTONE S.R.L. |
Reggio Calabria (RC) - IT - |
03108570247 |
Board Chairman |
Withdrawn |
Registered |
|
METALLURGICA UDINESE S.R.L. |
Udine (UD) - IT - |
00167850304 |
Sole Director |
Withdrawn |
Registered |
|
Angelo Orsoni S.r.l. |
Venezia (VE) - IT - |
03419810274 |
Director |
Active |
Registered |
|
Angelo Orsoni S.r.l. |
Venezia (VE) - IT - |
03419810274 |
Person in charge |
Active |
Registered |
|
Angelo Orsoni S.r.l. |
Venezia (VE) - IT - |
03419810274 |
Managing Director |
Active |
Registered |
|
Angelo Orsoni S.r.l. |
Venezia (VE) - IT - |
03419810274 |
Board Chairman |
Active |
Registered |
|
Immobiliare Alle Scalette S.a.s.
Di PinoBisazza E C. |
Vicenza (VI) - IT - |
03171790243 |
General Partner |
Active |
Registered |
|
|
Bisazza |
Federica |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Finpi Societa' Semplice |
Vicenza (VI) - IT - |
00885390245 |
Partner |
Active |
Registered |
|
|
Bisazza |
Riccardo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Finpi Societa' Semplice |
Vicenza (VI) - IT - |
00885390245 |
Partner |
Active |
Registered |
|
Arteapulia S.r.l. |
Vicenza (VI) - IT - |
05431610723 |
Managing Director |
Active |
Registered |
|
Arteapulia S.r.l. |
Vicenza (VI) - IT - |
05431610723 |
Director |
Active |
Registered |
|
Angelo Orsoni S.r.l. |
Venezia (VE) - IT - |
03419810274 |
Director |
Active |
Registered |
|
Angelo Orsoni S.r.l. |
Venezia (VE) - IT - |
03419810274 |
Managing Director |
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 |
|
Bisazza Giuseppe |
Vicenza - IT - |
BSZGPP36R17L433E |
39.000 .Eur |
2,50 |
|
Di Giuseppe Andrea |
Miami - Beach - Florida - IT - |
DGSNDR68E20H501N |
312.000 .Eur |
20,00 |
|
Finpi Societa' Semplice |
Vicenza - IT - |
00885390245 |
936.000 .Eur |
60,00 |
|
Clt S.r.l. |
Milano - IT - |
05874500969 |
273.000 .Eur |
17,50 |
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares Amount |
% Ownership |
since |
until |
Share Status |
|
Pordenone Energia - Societa' Consortile Per Azioni |
Pordenone - IT - |
01400720932 |
250 .Eur |
0,06 |
|
|
Active |
|
Arteapulia S.r.l. |
Vicenza - IT - |
05431610723 |
70.000 .Eur |
100,00 |
|
|
Active |
|
Angelo Orsoni S.r.l. |
Venezia - IT - |
03419810274 |
100.000 .Eur |
100,00 |
|
|
Active |
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
|
|
|
|
|
|
Torquato Fraccon |
, 8 |
- 36100 |
- Vicenza |
(VI) |
- IT - |
|
|
|
|
PHONE |
: 04440 |
|
|
|
|
FAX |
: 0 |
|
- |
Branch |
(Factory) |
since 01/07/2000 |
|
|
|
|
|
Zona Industriale |
- 33099 |
- Vivaro |
(PN) |
- IT - |
|
|
|
|
Trading Style: TREND GROUP SPA |
|
|
|
|
Employees |
: 91 |
|
Fittings and Equipment for a value of 1.110.000 |
Eur |
|
Stocks for a value of 8.010.000 |
Eur |
Sales are on an international scale.
The company sells mainly to converting industries.
|
|
The firm operates abroad as importer / exporter..
Usually the terms of sale are within 90-120 days.
Subject usually collects by cash order and drafts.
Purchases are mainly paid with terms of 30/90 days.
Payments are settled by cash order and drafts.
The subject firm uses the following own selling brands:
|
- Le Chianche |
|
- Orsoni |
|
- Trend Group S.r.l. |
|
- Trend Group S.r.l. |
|
- Orsoni |
|
- Le Chianche |
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Limited liability company |
Joint stock company |
21/01/2000 |
EX-MEMBERS / EX-POSITIONS:
|
|
Simonetto |
Gianfranco |
|
|
|
Born in Vicenza |
(VI) |
on 28/10/1948 |
- Fiscal Code : SMNGFR48R28L840F |
|
|
|
Residence: |
|
Porti |
, 16 |
- 36100 |
Vicenza |
(VI) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
Cinausero |
Primo |
|
|
|
Born in Tolmezzo |
(UD) |
on 31/05/1939 |
- Fiscal Code : CNSPRM39E31L195W |
|
|
|
Residence: |
|
Don Paolo Fabris |
, 16 |
- 33098 |
Arzene |
(PN) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Bisazza |
Giuseppe |
|
|
|
Born in Trissino |
(VI) |
on 17/10/1936 |
- Fiscal Code : BSZGPP36R17L433E |
|
|
|
Residence: |
|
Busa San Michele |
, 10 |
- 36100 |
Vicenza |
(VI) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
Cimino |
Simone |
|
|
|
Born in Porto Empedocle |
(AG) |
on 25/07/1961 |
- Fiscal Code : CMNSMN61L25F299F |
|
|
|
Residence: |
|
Frisi |
, 22 |
- 20035 |
Monza |
(MI) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Meneghini |
Giovanni |
|
|
|
Born in MAROSTICA |
(VI) |
on 12/10/1947 |
- Fiscal Code : MNGGNN47R12E970S |
|
|
|
Residence: |
|
MONTE CENGIO |
, 8 |
- 36010 |
Monticello Conte Otto |
(VI) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
|
Fasolo |
Edoardo |
|
|
|
Born in MONTECCHIO MAGGIORE |
(VI) |
on 04/11/1950 |
- Fiscal Code : FSLDRD50S04F464I |
|
|
|
Residence: |
|
DAL MARTELLO |
, 11 |
- 36100 |
Vicenza |
(VI) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
|
Di Giuseppe |
Andrea |
|
|
|
Born in Roma |
(RM) |
on 20/05/1968 |
- Fiscal Code : DGSNDR68E20H501N |
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|
|
Residence: |
|
South Pointe Drive |
, 300 |
Miami - Beach - Florida |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
Ortolani |
Cesare |
|
|
|
Born in VICENZA |
(VI) |
on 04/08/1951 |
- Fiscal Code : RTLCSR51M04L840I |
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Residence: |
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MILANO |
, 28 |
- 36051 |
Creazzo |
(VI) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
|
Tonato |
Benedetto |
|
|
|
Born in Vicenza |
(VI) |
on 15/03/1954 |
- Fiscal Code : TNTBDT54C15L840J |
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|
|
Residence: |
|
Mazzini |
, 85 |
- 36100 |
Vicenza |
(VI) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
Protests checking on the subject firm has given a negative result.
Search performed on a National Scale
|
|
|
Prejudicial Events Search Result: |
Mortgage by Court Injunction on 09/08/2012. for an amount
of 600.000 Euro.
|
· HYPO ALPE ADRIA BANK S. P. A. |
Search performed on a specialized data base.
None reported, standing to the latest received edition of the Official
Publications.
The firm operates with:
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
Veneto Banca |
0444/386811 |
Viale Francesco Crispi 4 |
|
Vicenza |
05418 |
11801 |
Subject is active since 2000
An eco-fin analysis has been made on the base od the
b/s fo the years 2011, 2012 and 2013.
During the last years the subject suffered net losses and in
2013 r.o.e. is -47,25%.
The operating result is negative.
The operating loss amounts to Eur. -546.465 .
The gross operating margin of the latest financial year is of
Eur. 767.464 , stable if compared to the year before.
Short-term debts volume if compared to net worth, as it comes out from the
total indebtedness (12,24) which tends downward.
With regard to equity capital, an amount of Eur. 3.960.784 is
registered. , increasing by 25,1% if compared to the financial year 2012.
Total debts recorded amounted to Eur. 57.282.277 (Eur. 7.930.772 of
which were m/l term debts) , with no sensible variation.
The company makes frequent use of bank credit; the recourse
to suppliers credit is also high even in comparison with the
sector's.
Liquid assets are not adequatel to subject's needs.
Credits are collected in 61,47 days on the average. , a better
value than the sector's average.
A negative cash flow marked the year 2013 totalling Eur.
-666.532.
Labour cost amounts to Eur. 3.944.247, with a 16,88% incidence on
production costs. , whereas 17,49% is the incidence on sales revenues.
The financial management is marked by a high incidence of financial
charges in relation to sales revenues (-4,35%).
The presence of detrimental items, apart from the financial-economic
analysis, makes the company not suitable for business transactions on credit
basis.
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|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
22.552.093 |
|
Profit (Loss) for the period |
-1.871.562 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
23.408.904 |
|
Profit (Loss) for the period |
-2.320.135 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
29.787.303 |
|
Profit (Loss) for the period |
-1.578.833 |
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 |
0,53 |
0,50 |
0,50 |
0,30 |
|
Elasticity Ratio |
Units |
0,46 |
0,49 |
0,50 |
0,66 |
|
Availability of stock |
Units |
0,13 |
0,16 |
0,18 |
0,15 |
|
Total Liquidity Ratio |
Units |
0,33 |
0,33 |
0,32 |
0,44 |
|
Quick Ratio |
Units |
0,01 |
0,00 |
0,01 |
0,02 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
12,24 |
15,69 |
19,89 |
2,50 |
|
Self Financing Ratio |
Units |
0,06 |
0,05 |
0,04 |
0,21 |
|
Capital protection Ratio |
Units |
1,08 |
1,24 |
1,01 |
0,64 |
|
Liabilities consolidation quotient |
Units |
0,17 |
0,23 |
0,33 |
0,29 |
|
Financing |
Units |
14,46 |
19,16 |
26,53 |
3,40 |
|
Permanent Indebtedness Ratio |
Units |
0,20 |
0,22 |
0,27 |
0,41 |
|
M/L term Debts Ratio |
Units |
0,13 |
0,17 |
0,24 |
0,15 |
|
Net Financial Indebtedness Ratio |
Units |
11,64 |
14,95 |
20,50 |
0,68 |
|
CORRELATION |
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|
|
|
|
|
Fixed assets ratio |
Units |
0,37 |
0,44 |
0,55 |
1,30 |
|
Current ratio |
Units |
0,58 |
0,64 |
0,70 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,42 |
0,43 |
0,45 |
0,84 |
|
Structure's primary quotient |
Units |
0,12 |
0,10 |
0,07 |
0,68 |
|
Treasury's primary quotient |
Units |
0,02 |
0,00 |
0,01 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
1573,03 |
2051,74 |
2809,40 |
441,03 |
|
Current Capital ( net ) |
Value |
-20.617.185 |
-17.993.534 |
-15.034.594 |
97.133 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
-2,96 |
-3,58 |
0,05 |
4,81 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-47,25 |
-73,28 |
-63,51 |
4,41 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-51,62 |
-87,09 |
-66,60 |
14,30 |
|
Return on Investment ( R.O.I. ) |
% |
-0,88 |
-1,27 |
1,38 |
4,16 |
|
Return/ Sales |
% |
-2,42 |
-3,53 |
3,23 |
4,40 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
n.c. |
-163,99 |
23,79 |
|
Cash Flow |
Value |
-666.532 |
-838.771 |
14.899 |
85.628 |
|
Operating Profit |
Value |
-546.465 |
-825.695 |
962.790 |
75.073 |
|
Gross Operating Margin |
Value |
767.464 |
953.763 |
2.709.681 |
198.441 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
61,47 |
70,20 |
51,09 |
110,77 |
|
Debts to suppliers average term |
Days |
165,29 |
203,49 |
185,56 |
124,20 |
|
Average stock waiting period |
Days |
127,80 |
157,28 |
151,26 |
53,64 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,36 |
0,36 |
0,43 |
1,02 |
|
Rate of stock return |
Units |
2,82 |
2,29 |
2,38 |
6,62 |
|
Labour cost incidence |
% |
17,49 |
18,70 |
16,66 |
19,95 |
|
Net financial revenues/ charges incidence |
% |
-4,35 |
-4,68 |
-5,70 |
-1,87 |
|
Labour cost on purchasing expenses |
% |
16,88 |
17,57 |
16,28 |
20,58 |
|
Short-term financing charges |
% |
3,51 |
3,67 |
3,85 |
3,00 |
|
Capital on hand |
% |
276,27 |
277,49 |
234,48 |
97,63 |
|
Sales pro employee |
Value |
242.495 |
241.328 |
283.688 |
155.908 |
|
Labour cost pro employee |
Value |
42.411 |
45.118 |
47.276 |
33.115 |
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 |
: |
831.356 |
|
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 434 significant companies.
The companies cash their credits on an average of 111 dd.
The average duration of suppliers debts is about 124 dd.
The sector's profitability is on an average of 4,81%.
The labour cost affects the turnover in the measure of 19,95%.
Goods are held in stock in a range of 54 dd.
The difference between the sales volume and the resources used to
realize it is about 1,02.
The employees costs represent the 20,58% of the production costs.
Statistcally the trade activity shows periods of crisis.
The area is statistically considered lowly risky.
In the region 13.782 protested subjects are found; in the province they
count to 2.234.
The insolvency index for the region is 0,30, , while for the province it
is 0,27.
Total Bankrupt companies in the province : 2.546.
Total Bankrupt companies in the region : 16.714.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.54 |
|
UK Pound |
1 |
Rs.99.73 |
|
Euro |
1 |
Rs.79.54 |
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.