MIRA INFORM REPORT
|
Report No. : |
338019 |
|
Report Date : |
27.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
MOSER'S RIDES
S.R.L. |
|
|
|
|
Registered Office : |
Strada Statale Abetone Brennero Nord 12, 15B, 46035 – Ostiglia (MN) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
10.03.1998 |
|
|
|
|
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 : |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Italy |
A1 |
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 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 132%
of GDP in 2014, 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 tax evasion. In 2014 economic growth and labor market
conditions continued to deteriorate, with overall unemployment rising to 12.2%
and youth unemployment around 40%. Italy's GDP is now nearly 10% below its 2007
pre-crisis level.
|
Source
: CIA |
Company
Name and address
MOSER'S RIDES S.R.L.
Strada Statale Abetone Brennero Nord 12, 15B
46035 - Ostiglia (MN) -IT-
Summary
|
Fiscal
Code |
: |
01852430204 |
|
Legal
Form |
: |
Limited
liability company |
|
start
of Activities |
: |
11/11/1998 |
|
Equity |
: |
65.000
|
|
Turnover
Range |
: |
7.750.000/9.000.000
|
|
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 : 01852430204 |
|
Chamber
of Commerce no. : 203339 of Mantova since 24/04/1998 |
|
Chamber
of Commerce no. : 135852 of Rovigo |
|
Firms'
Register : MN-1998-27929 of Mantova since 23/04/1998 |
|
V.A.T.
Code : 01852430204 |
|
Establishment
date |
:
10/03/1998 |
|
|
Start
of Activities |
:
11/11/1998 |
|
|
Legal
duration |
:
31/12/2050 |
|
|
Nominal
Capital |
:
52.000 |
|
|
Subscribed
Capital |
:
52.000 |
|
|
Paid
up Capital |
:
52.000 |
|
Legal
mail : |
MOSERSRIDES@PEC.IT |
Members
|
|
Moser |
Stefano |
|
|
Born
in Castelmassa |
(RO) |
on
20/11/1968 |
-
Fiscal Code : MSRSFN68S20C207U |
|
|
Residence: |
Arginino |
,
10 |
-
45037 |
Melara |
(RO) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
21/01/2008 |
||
|
Director |
21/04/2015 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Moser |
Alfeo |
|
|
Born
in Fiume |
(
) |
on
16/12/1944 |
-
Fiscal Code : MSRLFA44T16D620C |
|
|
Residence: |
Oberdan |
,
23 |
-
45037 |
Melara |
(RO) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
21/04/2015 |
||
|
Board
Chairman |
21/04/2015 |
||
|
Managing
Director |
21/04/2015 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Soriani |
Isa |
|
|
Born
in Melara |
(RO) |
on
29/01/1947 |
-
Fiscal Code : SRNSIA47A69F095C |
|
|
Residence: |
Oberdan |
,
23 |
-
45037 |
Melara |
(RO) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
21/04/2015 |
||
|
Assistant
board Chairman |
21/04/2015 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Moser |
Mattia |
|
|
Born
in Levico Terme |
(TN) |
on
28/08/1975 |
-
Fiscal Code : MSRMTT75M28E565E |
|
|
Residence: |
Del
Giardino |
,
7 |
-
46030 |
Serravalle
a Po |
(MN) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
21/01/2008 |
|
|
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.
|
|
Soriani |
Isa |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Emme
Erre S.r.l. |
Melara
(RO) - IT - |
01065190298 |
Sole
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.
Capital
Shareholders
Shareholders' list as
at date of data collection:
|
Firm's
Style / Name |
Seat
/ Residence |
Fiscal
Code |
Owned
Shares |
%
Ownership |
|
Moser
Stefano |
Melara
- IT - |
MSRSFN68S20C207U |
10.400
.Eur |
20,00 |
|
Soriani
Isa |
Melara
- IT - |
SRNSIA47A69F095C |
20.800
.Eur |
40,00 |
|
Moser
Mattia |
Serravalle
a Po - IT - |
MSRMTT75M28E565E |
10.400
.Eur |
20,00 |
|
Moser
Sebastiano |
MSRSST75M28E565I |
10.400
.Eur |
20,00 |
Direct
Participations
The
Company under review has no participations in other Companies.
Firm's
location and structure
In
order to carry out its activities the firm uses the following locations:
|
- |
Legal
and operative seat |
|
Abetone
Brennero Nord 12 |
,
15B |
-
46035 |
-
Ostiglia |
(MN) |
-
IT - |
|
Legal
mail |
:
MOSERSRIDES@PEC.IT |
|
- |
Branch |
(Store) |
since
02/04/2002 |
|
Cellini
Angolo Via Romano |
-
46035 |
-
Ostiglia |
(MN) |
-
IT - |
|
Employees |
:
25 |
|
Fittings
and Equipment for a value of 340.000 |
Eur |
|
Stocks
for a value of 2.690.000 |
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 1998
An
eco-fin analysis has been made on the base od the b/s fo the years 2012, 2013
and 2014.
Under
the financial profile unstable results are noted. with a negative economic
result in the last financial year. Business volume is falling in the last
financial year.
The
operating result was positive in the last financial year (0,11%) and in line
with the sector's average.
The
amount of the operating result for the year 2014 is of Eur. 5.998 with a -81,7%
fall as against the year 2013.
During
the latest financial year the gross operating margin amounted to Eur. 60.672
recording a -41,28% decrease.
Financial
condition is not balanced as own capitals do not cover debts, indebtedness
level is in fact high (73,98) which tends downward.
It's
shareholders funds amount to Eur. 64.589 on the same levels as the year before.
During
the last financial year total debts volume reached Eur. 4.822.840 (Eur. 16.515
were m/l term ones) as opposed to Eur. 6.328.376 in 2013, with a decrease equal
to -23,79%.
Liquidity
is good.
Eur.
21.644 is the value of cash flow during the year 2014
Labour
cost expenses amount to Eur. 1.470.166 , representing 18,71% on the total of
production costs. , whereas 18,35% is the incidence on sales revenues.
The
financial charges are lower than the financial incomes.
Financial
Data
|
|
Complete
balance-sheet for the year |
al
31/12/2014 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
8.013.744 |
|
Profit
(Loss) for the period |
-33.030 |
|
|
Complete
balance-sheet for the year |
al
31/12/2013 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
13.097.343 |
|
Profit
(Loss) for the period |
-36.366 |
|
|
Complete
balance-sheet for the year |
al
31/12/2012 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
6.932.389 |
|
Profit
(Loss) for the period |
104.991 |
|
|
Complete
balance-sheet for the year |
al
31/12/2011 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
6.479.696 |
|
Profit
(Loss) for the period |
-59.116 |
|
|
Complete
balance-sheet for the year |
al
31/12/2010 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
5.498.428 |
|
Profit
(Loss) for the period |
-56.142 |
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 31/12/2014 - 12 Mesi - Currency: - Amounts x 1 |
|
-
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
RATIOS |
Value
Type |
as
at 31/12/2014 |
as
at 31/12/2013 |
as
at 31/12/2012 |
Sector
Average |
|
COMPOSITION
ON INVESTMENT |
|||||
|
Rigidity
Ratio |
Units |
0,03 |
0,02 |
0,07 |
0,18 |
|
Elasticity
Ratio |
Units |
0,97 |
0,98 |
0,93 |
0,80 |
|
Availability
of stock |
Units |
0,51 |
0,43 |
0,70 |
0,24 |
|
Total
Liquidity Ratio |
Units |
0,46 |
0,54 |
0,23 |
0,48 |
|
Quick
Ratio |
Units |
0,01 |
0,02 |
0,23 |
0,03 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net
Short-term indebtedness |
Units |
73,98 |
77,89 |
n.c. |
3,25 |
|
Self
Financing Ratio |
Units |
0,01 |
0,01 |
0,11 |
0,19 |
|
Capital
protection Ratio |
Units |
0,71 |
0,80 |
-0,13 |
0,63 |
|
Liabilities
consolidation quotient |
Units |
0,06 |
0,05 |
n.c. |
0,19 |
|
Financing |
Units |
74,67 |
79,67 |
n.c. |
3,80 |
|
Permanent
Indebtedness Ratio |
Units |
0,07 |
0,06 |
0,27 |
0,36 |
|
M/L
term Debts Ratio |
Units |
0,06 |
0,05 |
0,16 |
0,11 |
|
Net
Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
0,00 |
0,63 |
|
CORRELATION |
|||||
|
Fixed
assets ratio |
Units |
2,62 |
2,85 |
3,97 |
1,75 |
|
Current
ratio |
Units |
1,05 |
1,05 |
n.c. |
1,21 |
|
Acid
Test Ratio-Liquidity Ratio |
Units |
0,49 |
0,58 |
n.c. |
0,81 |
|
Structure's
primary quotient |
Units |
0,46 |
0,55 |
1,65 |
1,03 |
|
Treasury's
primary quotient |
Units |
0,01 |
0,02 |
n.c. |
0,06 |
|
Rate
of indebtedness ( Leverage ) |
% |
8081,01 |
8512,18 |
893,52 |
516,42 |
|
Current
Capital ( net ) |
Value |
258.486 |
288.088 |
1.919.903 |
422.465 |
|
RETURN |
|||||
|
Return
on Sales |
% |
0,27 |
0,05 |
2,62 |
3,35 |
|
Return
on Equity - Net- ( R.O.E. ) |
% |
-51,14 |
-45,78 |
45,39 |
5,13 |
|
Return
on Equity - Gross - ( R.O.E. ) |
% |
40,49 |
16,93 |
82,64 |
14,77 |
|
Return
on Investment ( R.O.I. ) |
% |
0,11 |
0,48 |
10,13 |
4,16 |
|
Return/
Sales |
% |
0,07 |
0,25 |
3,02 |
4,11 |
|
Extra
Management revenues/charges incid. |
% |
-550,68 |
-110,95 |
50,15 |
28,57 |
|
Cash
Flow |
Value |
21.644 |
6.390 |
181.619 |
122.482 |
|
Operating
Profit |
Value |
5.998 |
32.776 |
209.371 |
144.752 |
|
Gross
Operating Margin |
Value |
60.672 |
103.328 |
321.499 |
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 |
120,75 |
80,38 |
75,00 |
80,43 |
|
Rate
of capital employed return ( Turnover ) |
Units |
1,54 |
1,94 |
3,35 |
1,08 |
|
Rate
of stock return |
Units |
2,98 |
4,48 |
4,80 |
4,45 |
|
Labour
cost incidence |
% |
18,35 |
10,33 |
17,01 |
19,12 |
|
Net
financial revenues/ charges incidence |
% |
0,25 |
-0,14 |
-0,46 |
-1,08 |
|
Labour
cost on purchasing expenses |
% |
18,71 |
9,31 |
15,80 |
19,02 |
|
Short-term
financing charges |
% |
n.c. |
0,29 |
n.c. |
2,68 |
|
Capital
on hand |
% |
65,13 |
51,63 |
29,81 |
91,91 |
|
Sales
pro employee |
Value |
178.083 |
311.841 |
192.566 |
198.432 |
|
Labour
cost pro employee |
Value |
32.670 |
32.200 |
32.761 |
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 50.886 protested subjects are found; in the province they count to
1.630.
The
insolvency index for the region is 0,55, , while for the province it is 0,42.
Total
Bankrupt companies in the province : 954.
Total
Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.16 |
|
|
1 |
Rs.103.88 |
|
Euro |
1 |
Rs.75.89 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIT |
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.