MIRA
INFORM REPORT
|
Report No. : |
315914 |
|
Report Date : |
04.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
DOTTO S.R.L. |
|
|
|
|
Registered Office : |
Borgo Pieve, 115, 31033 - Castelfranco |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
20.07.1988 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of rides, swings and other fairground equipment |
|
|
|
|
No. of Employees : |
From 16 to 25 |
RATING & COMMENTS
|
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 |
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Italy |
A2 |
A1 |
|
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
DOTTO S.R.L.
Borgo Pieve, 115
31033 - Castelfranco Veneto (TV) -IT-
Summary
|
Fiscal Code |
: |
02039610262 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
20/07/1988 |
|
Equity |
: |
2.000.000 |
|
Turnover Range |
: |
3.750.000/5.000.000 |
|
Number of Employees |
: |
from 16 to 25 |
Activity
Manufacture of rides, swings and other fairground equipment
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 02039610262 |
|
Foreign Trade Reg. no. : 18143 of Treviso since 21/01/1992 |
|
Foreign Trade Reg. no. : 018143 of Treviso since 21/01/1992 |
|
Chamber of Commerce no. : 343705 of Padova |
|
Chamber of Commerce no. : 185000 of Treviso since 13/04/1988 |
|
Firms' Register : TV086-25513 of Treviso since 19/02/1996 |
|
V.A.T. Code : 02039610262 |
|
Tribunal Co. Register : 25513 of |
|
Foundation date |
: 11/11/1987 |
|
|
Establishment date |
: 11/11/1987 |
|
|
Start of Activities |
: 20/07/1988 |
|
|
Legal duration |
: 31/12/2020 |
|
|
Nominal Capital |
: 46.800 |
|
|
Subscribed Capital |
: 46.800 |
|
|
Paid up Capital |
: 46.800 |
|
|
Legal mail : |
DOTTOTRAINS_SRL@PEC.IT |
Members
|
|
Dotto |
Bruna |
|
|
|
Born in Castelfranco Veneto |
(TV) |
on 28/12/1940 |
- Fiscal Code : DTTBRN40T68C111J |
|
|
|
Residence: |
|
Pieve |
, 115 |
- 31033 |
Castelfranco Veneto |
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
01/06/2011 |
|
|
|
Director |
01/06/2011 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Carraro |
Sabrina |
|
|
|
Born in Castelfranco Veneto |
(TV) |
on 24/02/1967 |
- Fiscal Code : CRRSRN67B64C111F |
|
|
|
Residence: |
|
Borgo Pieve |
, 131 |
- 31033 |
Castelfranco Veneto |
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Assistant board Chairman |
01/06/2011 |
|
|
|
Director |
01/06/2011 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
DOTTO BRUNA |
|
|
|
|
Born |
on 28/12/1940 |
- Fiscal Code : DTTBRN40T68C111J |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
|
|
|
No Prejudicial events are reported |
|
|
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.
|
|
Dotto |
Bruna |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
DOTTO BRUNA |
Castelfranco Veneto (TV) - IT - |
DTTBRN40T68C111J |
Proprietor |
Active |
Registered |
|
|
Carraro |
Sabrina |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Carraro 2002 S.r.l. |
Vicenza (VI) - IT - |
01862960158 |
Managing
Director |
Active |
Registered |
|
Carraro 2002 S.r.l. |
Vicenza (VI) - IT - |
01862960158 |
Director |
Active |
Registered |
|
Carraro 2002 S.r.l. |
Vicenza (VI) - IT - |
01862960158 |
Board Chairman |
Active |
Registered |
|
Unindustria Servizi E Formazione TrevisoPordenone - Societa' Con
Sortile A Resp |
Treviso (TV) - IT - |
02301900268 |
Director |
Active |
Registered |
|
Unindustria Servizi E Formazione TrevisoPordenone - Societa' Con
Sortile A Resp |
Treviso (TV) - IT - |
02301900268 |
Board Chairman |
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.
Capital Shareholders
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Carraro Sabrina |
Castelfranco Veneto - IT - |
CRRSRN67B64C111F |
12.480 .Eur |
26,66 |
|
DOTTO BRUNA |
|
DTTBRN40T68C111J |
34.008 .Eur |
72,66 |
|
CARRARO OTTORINA |
|
CRRTRN75A48C111P |
312 .Eur |
0,66 |
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 |
|
Marco Polo Amusement Societa' Consortile A Responsabilita' Limitata |
|
03225230246 |
1.100 .Eur |
9,09 |
|
|
Active |
Firm's location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
since 11/11/1987 |
|
|
|
|
|
|
Pieve |
, 115 |
- 31033 |
- Castelfranco Veneto |
(TV) |
- IT - |
|
|
|
|
PHONE |
: 0423723020 |
|
|
|
|
Legal mail |
: DOTTOTRAINS_SRL@PEC.IT |
|
- |
Branch |
(Store) |
since 17/09/2003 |
|
|
|
|
|
|
Antonio Ceccon |
, 17 |
- 35010 |
- Loreggia |
(PD) |
- IT - |
|
|
|
|
Employees |
: 23 |
|
Fittings and Equipment for a value of 840.000 |
Eur |
|
Stocks for a value of 2.890.000 |
Eur |
|
|
Historical Information and/or Firm's Status
EX-MEMBERS / EX-POSITIONS:
|
|
Dotto |
Bruna |
|
|
|
Born in Castelfranco Veneto |
(TV) |
on 28/12/1940 |
- Fiscal Code : DTTBRN40T68C111J |
|
|
|
Residence: |
|
Pieve |
, 115 |
- 31033 |
Castelfranco Veneto |
(TV) |
- IT - |
|
Ex-Postions |
|
Chairman |
|
|
Carraro |
Sabrina |
|
|
|
Born in Castelfranco Veneto |
(TV) |
on 24/02/1967 |
- Fiscal Code : CRRSRN67B64C111F |
|
|
|
Residence: |
|
Borgo Pieve |
, 131 |
- 31033 |
Castelfranco Veneto |
(TV) |
- IT - |
|
Ex-Postions |
|
Vice-Chairman |
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
Subject is active since 1988
The analysis is based on the latest 3 balance sheets.
During the last years the subject suffered net losses and in 2013 r.o.e.
is -5,61%. 2013 loss was also due to a turnover decrease.
The operating result is negative.
The operating loss amounts to Eur. -23.015 .
The economic management produced a gross operating margin of Eur. 86.475
showing a downward trend as opposed to the previous year.
The company has an excellent net worth if compared to its debts, with a
low indebtedness (0,83) and with an upward trend compared to the previous year.
The equity capital is equal to Eur. 1.867.005 on the same levels as the
year before.
During the last financial year total debts volume reached Eur. 3.022.701
(Eur. 1.261.345 were m/l term ones) , with no sensible variation.
Liquidity is good.
As far as the cash flow is concerned during the latest financial year it
amounted to Eur. 4.814
During 2013 financial year labour costs amounted to Eur. 960.361, with a
19,14% incidence on production costs. and a 20,43% incidence on sales volumes.
Financial charges have a limited incidence (-1,05%) on sales volume.
Financial Data
|
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.700.306 |
|
Profit (Loss) for the period |
-104.676 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.069.851 |
|
Profit (Loss) for the period |
-89.587 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.481.511 |
|
Profit (Loss) for the period |
-121.198 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.304.224 |
|
Profit (Loss) for the period |
54.133 |
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 |
|
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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 |
0,28 |
0,23 |
0,18 |
0,18 |
|
Elasticity Ratio |
Units |
0,71 |
0,76 |
0,82 |
0,80 |
|
Availability of stock |
Units |
0,49 |
0,46 |
0,53 |
0,24 |
|
Total Liquidity Ratio |
Units |
0,22 |
0,30 |
0,29 |
0,48 |
|
Quick Ratio |
Units |
0,04 |
0,02 |
0,06 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
0,83 |
1,08 |
0,50 |
3,25 |
|
Self Financing Ratio |
Units |
0,32 |
0,32 |
0,38 |
0,19 |
|
Capital protection Ratio |
Units |
1,03 |
1,02 |
1,04 |
0,63 |
|
Liabilities consolidation quotient |
Units |
1,00 |
0,58 |
1,10 |
0,19 |
|
Financing |
Units |
1,62 |
1,59 |
1,17 |
3,80 |
|
Permanent Indebtedness Ratio |
Units |
0,61 |
0,54 |
0,66 |
0,36 |
|
M/L term Debts Ratio |
Units |
0,30 |
0,22 |
0,27 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
0,63 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
2,19 |
2,35 |
3,74 |
1,75 |
|
Current ratio |
Units |
2,39 |
2,05 |
3,30 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,75 |
0,81 |
1,18 |
0,81 |
|
Structure's primary quotient |
Units |
1,13 |
1,41 |
2,19 |
1,03 |
|
Treasury's primary quotient |
Units |
0,12 |
0,06 |
0,23 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
316,57 |
308,21 |
261,39 |
516,42 |
|
Current Capital ( net ) |
Value |
2.448.356 |
2.374.119 |
3.164.752 |
422.465 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
0,10 |
1,65 |
-0,08 |
3,35 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-5,61 |
-4,54 |
-5,74 |
5,13 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-3,88 |
-2,77 |
-3,66 |
14,77 |
|
Return on Investment ( R.O.I. ) |
% |
-0,39 |
-0,27 |
-0,46 |
4,16 |
|
Return/ Sales |
% |
-0,49 |
-0,33 |
-0,56 |
4,11 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
n.c. |
n.c. |
28,57 |
|
Cash Flow |
Value |
4.814 |
83.843 |
-3.718 |
122.482 |
|
Operating Profit |
Value |
-23.015 |
-16.545 |
-25.263 |
144.752 |
|
Gross Operating Margin |
Value |
86.475 |
156.885 |
92.217 |
241.990 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
n.c. |
n.c. |
n.c. |
111,85 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
n.c. |
128,30 |
|
Average stock waiting period |
Days |
221,56 |
198,54 |
234,61 |
80,43 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,80 |
0,83 |
0,81 |
1,08 |
|
Rate of stock return |
Units |
1,62 |
1,81 |
1,53 |
4,45 |
|
Labour cost incidence |
% |
20,43 |
21,27 |
23,57 |
19,12 |
|
Net financial revenues/ charges incidence |
% |
-1,05 |
-0,75 |
-1,16 |
-1,08 |
|
Labour cost on purchasing expenses |
% |
19,14 |
21,10 |
19,58 |
19,02 |
|
Short-term financing charges |
% |
1,67 |
1,27 |
2,22 |
2,68 |
|
Capital on hand |
% |
125,75 |
119,86 |
123,14 |
91,91 |
|
Sales pro employee |
Value |
156.676 |
153.631 |
135.803 |
198.432 |
|
Labour cost pro employee |
Value |
32.012 |
32.678 |
32.002 |
35.779 |
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 |
: |
|
|
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 1.206 significant companies.
The companies cash their credits on an average of 112 dd.
The average duration of suppliers debts is about 128 dd.
The sector's profitability is on an average of 3,35%.
The labour cost affects the turnover in the measure of 19,12%.
Goods are held in stock in a range of 80 dd.
The difference between the sales volume and the resources used to
realize it is about 1,08.
The employees costs represent the 19,02% of the production costs.
Statistical Detrimental Data
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 2.280.
The insolvency index for the region is 0,30, , while for the province it
is 0,28.
Total Bankrupt companies in the province : 3.317.
Total Bankrupt companies in the region : 16.714.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.59 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.