|
Report Date : |
27.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
MANIFATTURA DI CARMIGNANO S.R.L. |
|
|
|
|
Registered Office : |
Via Copernico, 34/36/38 Seano 59011 – Carmignano ( |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
16.09.2008 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
·
Manufacture of Textiles ·
Weaving of Textiles |
|
|
|
|
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 |
|
Manifattura Di Carmignano S.r.l. |
|
Via |
Copernico, |
34/36/38 SEANO |
|
59011 |
- Carmignano |
(PO) |
-IT- |
|
Fiscal Code |
: |
02108940970 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
06/10/2008 |
|
Equity |
: |
125.000 |
|
Turnover Range |
: |
6.500.000/7.750.000 |
|
Number of Employees |
: |
from 16 to 25 |
MANUFACTURE OF TEXTILES
Weaving of textiles
Legal Form : Limited liability company
|
Fiscal Code : 02108940970 |
|
Chamber of Commerce no. : 501671 of Prato since 18/09/2008 |
|
Establishment date |
: 16/09/2008 |
|
|
Start of Activities |
: 06/10/2008 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 20.000 |
|
|
Subscribed Capital |
: 20.000 |
|
|
Paid up Capital |
: 20.000 |
|
|
|
Tempesti |
Filippo |
|
|
|
Born in Firenze |
(FI) |
on 04/01/1980 |
- Fiscal Code : TMPFPP80A04D612B |
|
|
|
Residence: |
|
A.rosmini |
, 17 |
- 59100 |
Prato |
(PO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
27/01/2014 |
|
|
|
|
Prejudicial events registered |
Mortgage
by Court Injunction - 10/06/2009. - 550.000 Euro.
|
|
BANCA DI CREDITO COOPERATIVO DI VIGNOLE
|
|
|
No Protests registered |
|
|
Tempesti |
Lorenzo |
|
|
|
Born in Firenze |
(FI) |
on 26/10/1978 |
- Fiscal Code : TMPLNZ78R26D612D |
|
|
|
Residence: |
|
Gioberti |
, 3 |
- 59100 |
Prato |
(PO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
|
|
|
Prejudicial events registered |
Mortgage
by Court Injunction - 10/06/2009. - 550.000 Euro.
|
|
BANCA DI CREDITO COOPERATIVO DI VIGNOLE
|
|
|
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.
|
|
Tempesti |
Filippo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Lanerie Tempesti - Societa' A Responsabilita' Limitata |
Pistoia (PT) - IT - |
00233430479 |
Director |
Active |
Registered |
|
Lanerie Tempesti - Societa' A Responsabilita' Limitata |
Pistoia (PT) - IT - |
00233430479 |
Board Chairman |
Active |
Registered |
|
Tessile*tempesti Di Tempesti Riccardo EC. S.a.s. |
Prato (PO) - IT - |
00427810486 |
Limited Partner |
Active |
Registered |
|
Sitea S.r.l. |
Campi Bisenzio (FI) - IT - |
03604850481 |
Director |
Withdrawn |
Registered |
|
Sitea S.r.l. |
Campi Bisenzio (FI) - IT - |
03604850481 |
Director |
Withdrawn |
Registered |
|
Tessile*tempesti Di Tempesti Riccardo EC. S.a.s. |
Prato (FI) - IT - |
00427810486 |
Limited Partner |
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.
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Tempesti Filippo |
Prato - IT - |
TMPFPP80A04D612B |
13.400 .Eur |
67,00 |
|
Tempesti Lorenzo |
Prato - IT - |
TMPLNZ78R26D612D |
6.600 .Eur |
33,00 |
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 |
|
|
|
|
|
|
|
Copernico |
, 34/36/38 |
- 50042 |
- Carmignano |
(PO) |
- IT - |
|
|
|
|
Employees |
: 18 |
|
Stocks for a value of 1.570.000 |
Eur |
|
|
EX-MEMBERS / EX-POSITIONS:
|
|
Nerucci |
Mara |
|
|
|
Born in Montemurlo |
(FI) |
on 30/01/1951 |
- Fiscal Code : NRCMRA51A70F572L |
|
|
|
Residence: |
|
N. Machiavelli |
, 17/A |
- 59100 |
Prato |
(PO) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Bennati |
Francesca |
|
|
|
Born in Firenze |
(FI) |
on 20/05/1980 |
- Fiscal Code : BNNFNC80E60D612P |
|
|
|
Residence: |
|
A. Rosmini |
, 17 |
- 59100 |
Prato |
(PO) |
- IT - |
|
Ex-Postions |
|
Director |
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.
The company is active since 2008
The eonomic-financial analysis is based on the latest 3 b/s.
Under an economic point of view, profits were registered
during the last years with a r.o.e. of 29,16% in 2013
The operating result was positive in the last financial year
(6,14%) and reflects the field's average.
The amount of the operating result for the year 2013 is of
Eur. 201.554 with a -24,56% drop.
During the latest financial year the gross operating margin
amounted to Eur. 284.099 stable if compared to the financial year 2012.
Short-term debts volume if compared to net worth, as it
comes out from the total indebtedness (24,76) which is anyway decreasing.
Subject can manage an equity capital funds for an amount of
Eur. 122.799 , rising by 41,15%.
Total debts (both short and M/L term) equals Eur. 3.077.840,
with no important change.
Available funds are good.
As far as the cash flow is concerned during the latest
financial year it amounted to Eur. 118.349
In the last financial year labour cost was of Eur. 606.721,
with a 9,08% incidence on total costs of production. , whereas 8,99% is the
incidence on sales revenues.
Financial charges have a high incidence (-1,55%) on turnover
figures.
|
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.747.643 |
|
Profit (Loss) for the period |
35.804 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
8.782.916 |
|
Profit (Loss) for the period |
49.257 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
7.569.979 |
|
Profit (Loss) for the period |
42.114 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.149.255 |
|
Profit (Loss) for the period |
16.922 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.080.570 |
|
Profit (Loss) for the period |
38.217 |
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 |
0,04 |
0,05 |
0,06 |
0,29 |
|
Elasticity Ratio |
Units |
0,95 |
0,94 |
0,93 |
0,70 |
|
Availability of stock |
Units |
0,48 |
0,40 |
0,36 |
0,26 |
|
Total Liquidity Ratio |
Units |
0,47 |
0,54 |
0,57 |
0,39 |
|
Quick Ratio |
Units |
0,01 |
0,01 |
0,03 |
0,01 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
24,76 |
36,21 |
20,29 |
1,69 |
|
Self Financing Ratio |
Units |
0,04 |
0,03 |
0,04 |
0,29 |
|
Capital protection Ratio |
Units |
0,55 |
0,20 |
0,61 |
0,71 |
|
Liabilities consolidation quotient |
Units |
0,03 |
0,02 |
0,02 |
0,26 |
|
Financing |
Units |
25,06 |
36,64 |
20,94 |
2,12 |
|
Permanent Indebtedness Ratio |
Units |
0,06 |
0,05 |
0,06 |
0,45 |
|
M/L term Debts Ratio |
Units |
0,03 |
0,02 |
0,01 |
0,13 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
0,96 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,62 |
0,94 |
1,06 |
1,38 |
|
Current ratio |
Units |
1,01 |
0,99 |
0,99 |
1,25 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,50 |
0,56 |
0,61 |
0,75 |
|
Structure's primary quotient |
Units |
0,97 |
0,51 |
0,80 |
0,90 |
|
Treasury's primary quotient |
Units |
0,01 |
0,01 |
0,03 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
2673,98 |
3849,02 |
2226,27 |
339,62 |
|
Current Capital ( net ) |
Value |
35.807 |
-36.407 |
-30.709 |
1.615.606 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
1,75 |
1,41 |
1,35 |
1,74 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
29,16 |
56,62 |
26,70 |
0,25 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
80,70 |
147,67 |
70,00 |
2,94 |
|
Return on Investment ( R.O.I. ) |
% |
6,14 |
7,98 |
2,43 |
2,31 |
|
Return/ Sales |
% |
2,99 |
3,04 |
1,13 |
2,50 |
|
Extra Management revenues/charges incid. |
% |
17,76 |
18,43 |
49,27 |
8,02 |
|
Cash Flow |
Value |
118.349 |
123.910 |
102.039 |
210.372 |
|
Operating Profit |
Value |
201.554 |
267.195 |
85.477 |
359.192 |
|
Gross Operating Margin |
Value |
284.099 |
341.848 |
145.402 |
692.382 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
n.c. |
n.c. |
n.c. |
111,18 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
n.c. |
104,44 |
|
Average stock waiting period |
Days |
83,51 |
55,56 |
60,17 |
86,89 |
|
Rate of capital employed return ( Turnover ) |
Units |
2,05 |
2,62 |
2,16 |
1,04 |
|
Rate of stock return |
Units |
4,31 |
6,48 |
5,98 |
4,12 |
|
Labour cost incidence |
% |
8,99 |
6,26 |
6,66 |
15,12 |
|
Net financial revenues/ charges incidence |
% |
-1,55 |
-1,66 |
0,19 |
-2,07 |
|
Labour cost on purchasing expenses |
% |
9,08 |
6,37 |
6,68 |
14,82 |
|
Short-term financing charges |
% |
3,40 |
4,57 |
n.c. |
3,48 |
|
Capital on hand |
% |
48,66 |
38,13 |
46,39 |
95,83 |
|
Sales pro employee |
Value |
374.869 |
516.642 |
504.665 |
237.592 |
|
Labour cost pro employee |
Value |
33.706 |
32.320 |
33.634 |
33.432 |
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 |
: |
238.826 |
|
Population living in the region |
: |
3.598.269 |
|
Number of families in the region |
: |
1.474.681 |
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
444 |
|
- per non food products |
: |
2.009 |
|
- per energy consume |
: |
122 |
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 2.055.
The insolvency index for the region is 0,70, , while for the
province it is 0,88.
Total Bankrupt companies in the province : 3.109.
Total Bankrupt companies in the region : 20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.57 |
|
|
1 |
Rs.100.42 |
|
Euro |
1 |
Rs.78.44 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.