MIRA INFORM REPORT
|
Report No. : |
336786 |
|
Report Date : |
12.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
TREVI GROUP S.R.L. |
|
|
|
|
Registered Office : |
VIA Vecchia Ferriera, 70, 36100 Vicenza (VI) – IT - |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
10.07.2007 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Wholesale of clocks, watches and jewellery |
|
|
|
|
No. of Employees : |
1 to 5 |
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 |
Company
name and address
|
Trevi Group S.r.l. |
|
Via |
Vecchia Ferriera, |
70 |
|
36100 |
- Vicenza |
(VI) |
-IT- |
Summary
|
Fiscal Code |
: |
03407770241 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
27/11/2007 |
|
Equity |
: |
1.000.000 |
|
Turnover Range |
: |
2.250.000/3.000.000 |
|
Number of Employees |
: |
from 1 to 5 |
Activity
Wholesale of clocks, watches and jewellery
Legal
Data
Legal Form : Limited liability company
|
Fiscal Code : 03407770241 |
|
Chamber of Commerce no. : 323022 of Vicenza since
16/07/2007 |
|
V.A.T. Code : 03407770241 |
|
Establishment date |
: 10/07/2007 |
|
|
Start of Activities |
: 27/11/2007 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 50.000 |
|
|
Subscribed Capital |
: 50.000 |
|
|
Paid up Capital |
: 50.000 |
Members
|
|
Trevisan |
Maurizio |
|
|
Born in Verona |
(VR) |
on 01/01/1960 |
- Fiscal Code : TRVMRZ60A01L781I |
|
|
Residence: |
Localita' Dossi |
, 3 |
- 37036 |
San Martino Buon Albergo |
(VR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
09/07/2010 |
||
|
Managing Director |
09/07/2010 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Ambroso |
Nicola |
|
|
Born in Legnago |
(VR) |
on 03/12/1973 |
- Fiscal Code : MBRNCL73T03E512Q |
|
|
Residence: |
Iv Novembre |
, 84 |
- 37050 |
Angiari |
(VR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
09/07/2010 |
||
|
Managing Director |
09/07/2010 |
||
|
Director |
09/07/2010 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Costola |
Nicola |
|
|
Born in Padova |
(PD) |
on 30/09/1967 |
- Fiscal Code : CSTNCL67P30G224N |
|
|
Residence: |
Dei Bevilacqua |
, 12 |
- 37134 |
Verona |
(VR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
09/07/2010 |
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.
|
|
Trevisan |
Maurizio |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Gandini E Trevisan S.n.c. Di Gandini G.E Trevisan M. |
Verona (VR) - IT - |
01888550231 |
Partner |
Withdrawn |
Ceased |
|
Gandini E Trevisan S.n.c. Di Gandini G.E Trevisan M. |
Verona (VR) - IT - |
01888550231 |
Partner |
Withdrawn |
Ceased |
|
D.g. S.r.l. |
Vicenza (VI) - IT - |
02986690234 |
Managing Director |
Withdrawn |
Ceased |
|
D.g. S.r.l. |
Vicenza (VI) - IT - |
02986690234 |
Director |
Withdrawn |
Ceased |
|
D.g. S.r.l. |
Vicenza (VI) - IT - |
02986690234 |
Assistant board Chairman |
Withdrawn |
Ceased |
|
Gold Star Europe S.r.l. |
Vicenza (VI) - IT - |
03410450245 |
Director |
Active |
Registered |
|
Gold Star Europe S.r.l. |
Vicenza (VI) - IT - |
03410450245 |
Board Chairman |
Withdrawn |
Registered |
|
Trevisan Maurizio |
San Martino Buon Albergo (VR) - IT - |
TRVMRZ60A01L781I |
Proprietor |
Withdrawn |
Ceased |
|
G.t. Gold Star Jewellery S.r.l. |
Verona (VR) - IT - |
03562550230 |
Sole Director |
Withdrawn |
Registered |
|
Progetto G.s.e. S.r.l. |
Vicenza (VI) - IT - |
03475350249 |
Managing Director |
Active |
Registered |
|
Progetto G.s.e. S.r.l. |
Vicenza (VI) - IT - |
03475350249 |
Director |
Active |
Registered |
|
Progetto G.s.e. S.r.l. |
Vicenza (VI) - IT - |
03475350249 |
Board Chairman |
Active |
Registered |
|
|
Ambroso |
Nicola |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Ambroso Nicola |
Angiari (VR) - IT - |
MBRNCL73T03E512Q |
Proprietor |
Withdrawn |
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 |
|
Trevisan Maurizio |
San Martino Buon Albergo - IT - |
TRVMRZ60A01L781I |
26.000 .Eur |
52,00 |
|
Ambroso Nicola |
Angiari - IT - |
MBRNCL73T03E512Q |
12.000 .Eur |
24,00 |
|
Costola Nicola |
Verona - IT - |
CSTNCL67P30G224N |
12.000 .Eur |
24,00 |
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 |
|
Gruppo Formica S.r.l. |
Vicenza - IT - |
03272950241 |
20.000 .Eur |
40,00 |
Active |
||
|
Creativity Factory S.r.l. |
02233660220 |
1.500 .Eur |
15,00 |
Active |
|||
|
Progetto G.s.e. S.r.l. |
Vicenza - IT - |
03475350249 |
15.637 .Eur |
52,12 |
Active |
||
|
San Zeno S.r.l. |
04113460234 |
12.500 .Eur |
25,00 |
Active |
Firm's
location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
Vecchia Ferriera |
, 70 |
- 36100 |
- Vicenza |
(VI) |
- IT - |
|
PHONE |
: 0444961020 |
|
Employees |
: 1 |
|
Active partners |
: 3 |
|
Stocks for a value of 150.000 |
Eur |
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 2007
The analysis is based on the latest 3 balance sheets.
Under an economic point of view, profits were registered during
the last years with a r.o.e. of 6,81% in 2013 and with an upward trend in
turnover trend during the last financial year (+38,07% in 2013).
The operating result in 2013 was positive (4,07%) falling
within the field's average.
The operating result is positive and amounts to Eur. 78.928
on stable levels if compared to the previous year.
During the latest financial year the gross operating margin
amounted to Eur. 109.224 stable if compared to the financial year 2012.
Company's financial status is balanced since indebtedness is
not high (1,6) even though on the increase if compared to 2012.
The management generated equity capital for an amount of
Eur. 761.009 , stable in comparison with the value of the previous year.
Total indebtedness amounts to Eur. 1.229.613, increasing if
compared to the previous year, during which they were equal to Eur. 769.486
(59,79%).
The recourse to financial credit is within the limits; on
the other hand the recourse to suppliers' credit is rated as fairly high
besides being higher than sector's average.
Liquidity is however good.
As far as the collection of credit goes, the average is high
(175,27 days). even higher than the average of the specific sector.
As far as the cash flow is concerned during the latest
financial year it amounted to Eur. 82.104
The financial charges do not negatively affect the
management, as they are covered by the incomes.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.291.977 |
|
Profit (Loss) for the period |
51.808 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.659.977 |
|
Profit (Loss) for the period |
29.666 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.995.640 |
|
Profit (Loss) for the period |
40.505 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.056.227 |
|
Profit (Loss) for the period |
85.879 |
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.412.641 |
|
Profit (Loss) for the period |
50.531 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
0,33 |
0,49 |
0,45 |
0,09 |
|
Elasticity Ratio |
Units |
0,66 |
0,50 |
0,55 |
0,89 |
|
Availability of stock |
Units |
0,08 |
0,10 |
0,23 |
0,26 |
|
Total Liquidity Ratio |
Units |
0,58 |
0,40 |
0,32 |
0,54 |
|
Quick Ratio |
Units |
0,01 |
0,00 |
0,04 |
0,03 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
1,60 |
1,05 |
0,97 |
3,95 |
|
Self Financing Ratio |
Units |
0,39 |
0,48 |
0,47 |
0,17 |
|
Capital protection Ratio |
Units |
0,87 |
0,89 |
0,88 |
0,62 |
|
Liabilities consolidation quotient |
Units |
n.c. |
0,02 |
0,07 |
0,10 |
|
Financing |
Units |
1,62 |
1,09 |
1,12 |
4,85 |
|
Permanent Indebtedness Ratio |
Units |
0,39 |
0,49 |
0,51 |
0,29 |
|
M/L term Debts Ratio |
Units |
n.c. |
0,01 |
0,03 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
0,24 |
0,23 |
0,08 |
1,04 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,17 |
0,99 |
1,14 |
2,37 |
|
Current ratio |
Units |
1,04 |
0,98 |
1,11 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,92 |
0,79 |
0,64 |
0,80 |
|
Structure's primary quotient |
Units |
1,17 |
0,97 |
1,06 |
1,48 |
|
Treasury's primary quotient |
Units |
0,01 |
0,01 |
0,08 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
255,00 |
209,14 |
211,54 |
602,26 |
|
Current Capital ( net ) |
Value |
49.115 |
-12.812 |
87.194 |
191.984 |
|
RETURN |
|||||
|
Return on Sales |
% |
3,58 |
3,51 |
1,84 |
2,03 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
6,81 |
4,18 |
5,55 |
6,31 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
11,83 |
8,44 |
10,01 |
17,00 |
|
Return on Investment ( R.O.I. ) |
% |
4,07 |
4,52 |
8,21 |
4,18 |
|
Return/ Sales |
% |
3,44 |
4,04 |
4,23 |
3,46 |
|
Extra Management revenues/charges incid. |
% |
65,64 |
44,27 |
31,96 |
27,96 |
|
Cash Flow |
Value |
82.104 |
58.270 |
55.046 |
44.823 |
|
Operating Profit |
Value |
78.928 |
67.019 |
126.731 |
74.603 |
|
Gross Operating Margin |
Value |
109.224 |
95.623 |
141.272 |
111.383 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
175,27 |
119,56 |
49,09 |
113,70 |
|
Debts to suppliers average term |
Days |
163,46 |
147,73 |
86,61 |
118,14 |
|
Average stock waiting period |
Days |
23,67 |
31,23 |
43,51 |
72,90 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,18 |
1,12 |
1,94 |
1,25 |
|
Rate of stock return |
Units |
15,21 |
11,53 |
8,27 |
4,88 |
|
Labour cost incidence |
% |
n.c. |
0,25 |
0,27 |
8,14 |
|
Net financial revenues/ charges incidence |
% |
0,69 |
-0,43 |
-1,79 |
-1,38 |
|
Labour cost on purchasing expenses |
% |
n.c. |
0,25 |
0,27 |
8,25 |
|
Short-term financing charges |
% |
n.c. |
0,94 |
6,61 |
2,76 |
|
Capital on hand |
% |
84,67 |
89,35 |
51,52 |
79,85 |
|
Sales pro employee |
Value |
331.995 |
397.742 |
||
|
Labour cost pro employee |
Value |
831 |
33.267 |
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 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.
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 2.234.
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.
DIAMOND INDUSTRY – INDIA
-
From time immemorial, India is well known in the world
as the birthplace for diamonds. It is difficult to trace the origin of
diamonds but history says that in the remote past, diamonds were mined only in
India. Diamond production in India can be traced back to almost 8th
Century B.C. India, in fact, remained undisputed leader till 18th
Century when Brazilian fields were discovered in 1725 followed by emergence of
S. Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was
possible only due to combination of the manufacturing skills of the Indian
workforce and the untiring and unflagging efforts of the Indian diamantaires,
supported by progressive Government policies.
-
The area of study of family owned diamond businesses
derives its importance from the huge conglomerate of family run organizations
which operate in the diamond industry since many generations.
-
Some of the basic traits of family run business
enterprises include spirit of entrepreneurship, mutual trust lowers transaction
costs, small, nimble and quick to react, information as a source of advantage
and philanthropy.
-
Family owned diamond businesses need to improve on
many fronts including higher standard of corporate governance, long-term
performance – focused strategies, modern management and technology.
-
Utmost caution is to be exercised while dealing with
some medium and large diamond traders which are usually engaged in fictitious
import – export, inter-company transactions, financially assisted by banks. In
the process, several public sector banks lost several hundred million rupees.
They mostly diverted borrowed money for diamond business into real estate and
capital markets.
-
Excerpts from Times of India dated 30th
October 2010 is as under –
-
Gem & Jewellery Export Promotion Council in its statistical
data has shown the export of polished diamonds to have increase by 28 % in
February 2013. Compared to $ 1.4 bn worth of polished diamond export in
February, 2012, India exported $ 1.84 billion worth of polished diamonds in
February 2013. A senior executive of GJEPC said, “Export of cut and polished
diamonds started falling month-wise after the imposition of 2 % of import duty
on the polished diamonds. But February, 2013 has given a new ray of hope to the
industry as the export of polished diamonds has actually increased by 28 %. It
means the industry is on the track of recovery and round tripping of
diamonds has stopped completely.” Demand has started coming from the US, the
UK, Japan and China. India’s polished diamond export is expected to cross $ 21
bn in 2013-14.
-
The banking sector has started exercising restraint
while following prudent risk management norms when lending money to gems and
jewellery sector. This follows the implementation of Basel III accord – a
global voluntary regulatory standard on bank capital adequacy, stress testing
and market liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.17 |
|
|
1 |
Rs.99.85 |
|
Euro |
1 |
Rs.70.35 |
INFORMATION DETAILS
|
Report Prepared by
: |
TPT |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.