|
Report No. : |
352410 |
|
Report Date : |
03.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
DUPLOMATIC
AUTOMATION S.R.L. |
|
|
|
|
Registered Office : |
Piazzale Bozzi, 1, 20025 – Legnano (MI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
05.09.2008 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
·
Manufacture of optical measuring and checking equipment ·
Manufacture of metal forming machinery and tool
machines ·
Manufacture of industrial robots for multiple usage
(including spare parts and accessories) |
|
|
|
|
No. of Employee : |
From 91 to 110 |
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 : |
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 |
DUPLOMATIC AUTOMATION
S.R.L.
Piazzale Bozzi, 1,
20025
– Legnano (MI) -IT-
|
Fiscal
Code |
: |
06304780965 |
|
Legal
Form |
: |
Limited
liability company |
|
start
of Activities |
: |
13/11/2008 |
|
Equity |
: |
2.500.000 |
|
Turnover
Range |
: |
12.750.000/15.500.000 |
|
Number
of Employees |
: |
from
91 to 110 |
Manufacture
of optical measuring and checking equipment
Manufacture
of metal forming machinery and tool machines
Manufacture
of industrial robots for multiple usage (including spare parts and accessories)
Legal
Form : Limited liability company
|
Fiscal
Code : 06304780965 |
|
Foreign
Trade Reg. no. : MI368221 since 01/10/2009 |
|
Chamber
of Commerce no. : 1883610 of Milano since 09/09/2008 |
|
V.A.T.
Code : 06304780965 |
|
Establishment
date |
:
05/09/2008 |
|
|
Start
of Activities |
:
13/11/2008 |
|
|
Legal
duration |
:
31/12/2040 |
|
|
Nominal
Capital |
:
2.713.068 |
|
|
Subscribed
Capital |
:
2.713.068 |
|
|
Paid
up Capital |
:
2.713.068 |
|
Legal
mail : |
DUPLOMATIC@PEC.IT |
|
Filoni |
Maurizio |
|
Born
in Milano |
(MI) |
on
15/09/1955 |
-
Fiscal Code : FLNMRZ55P15F205R |
|
Residence: |
Pietro
Nenni |
,
13 |
-
10036 |
Settimo
Torinese |
(TO) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
29/05/2015 |
||
|
Board
Chairman |
29/05/2015 |
|
No
Prejudicial events are reported |
|
No
Protests registered |
|
Opera
Societa' Di Gestione Del Risparmio |
S.p.a.
O, In Forma Abbre Viata Opera Sg |
|
Residence: |
Matteotti |
,
10 |
-
20121 |
Milano |
(MI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Partner |
|
No
Prejudicial events are reported |
|
No
Protests registered |
|
Micheli |
Emmanuel |
|
Born
in Lecco |
(CO) |
on
21/09/1970 |
-
Fiscal Code : MCHMNL70P21E507G |
|
Residence: |
Xi
Febbraio |
,
1/C |
-
23900 |
Lecco |
(LC) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
29/05/2015 |
|
No
Prejudicial events are reported |
|
Montironi |
Giancarlo |
|
Born
in San Benedetto del Tronto |
(AP) |
on
12/04/1965 |
-
Fiscal Code : MNTGCR65D12H769B |
|
Residence: |
Bordolano |
,
6/A |
-
20097 |
San
Donato Milanese |
(MI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
29/05/2015 |
*checkings
have been performed on a national scale.
In
this module are listed the companies in which members hold or have holded
positions.
|
Filoni |
Maurizio |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Automotive
Lighting Rear Lamps Italia S.p.a. |
Venaria
(TO) - IT - |
00166010306 |
Director |
Withdrawn |
Merged |
|
Comau
Ags S.p.a. |
Brescia
(BS) - IT - |
07386230150 |
Managing
Director |
Withdrawn |
Ceased |
|
Comau
Ags S.p.a. |
Brescia
(BS) - IT - |
07386230150 |
Director |
Withdrawn |
Ceased |
|
Comau
Ags S.p.a. |
Brescia
(BS) - IT - |
07386230150 |
Director |
Withdrawn |
Ceased |
|
Comau
Ags S.p.a. |
Brescia
(BS) - IT - |
07386230150 |
Managing
Director |
Withdrawn |
Ceased |
|
Comau
Ags S.p.a. |
Brescia
(BS) - IT - |
07386230150 |
Board
Chairman |
Withdrawn |
Ceased |
|
Denso
Manufacturing Italia S.p.a. |
Milano
(MI) - IT - |
02232960159 |
Managing
Director |
Withdrawn |
Registered |
|
Denso
Manufacturing Italia S.p.a. |
Milano
(MI) - IT - |
02232960159 |
Director |
Withdrawn |
Registered |
|
C.s.a.t.
- Costruzione Stampi Alta Tecnologia S.r.l. |
Tolmezzo
(UD) - IT - |
01584280307 |
Director |
Withdrawn |
Ceased |
|
C.s.a.t.
- Costruzione Stampi Alta Tecnologia S.r.l. |
Tolmezzo
(UD) - IT - |
01584280307 |
Board
Chairman |
Withdrawn |
Ceased |
|
Garioni
Naval S.p.a. In Liquidazione |
Castel
Mella (BS) - IT - |
03148440179 |
Director |
Withdrawn |
Bankrupt |
|
Garioni
Naval S.p.a. In Liquidazione |
Castel
Mella (BS) - IT - |
03148440179 |
Managing
Director |
Withdrawn |
Bankrupt |
|
Comau
S.p.a. |
Grugliasco
(TO) - IT - |
00952120012 |
Procurator |
Withdrawn |
Registered |
|
Automotive
Lighting Italia S.p.a. |
Venaria
(TO) - IT - |
12706980153 |
Managing
Director |
Withdrawn |
Registered |
|
Automotive
Lighting Italia S.p.a. |
Venaria
(TO) - IT - |
12706980153 |
Director |
Withdrawn |
Registered |
|
Automotive
Lighting Italia S.p.a. |
Venaria
(TO) - IT - |
12706980153 |
Board
Chairman |
Withdrawn |
Registered |
|
Eurolites
S.p.a. |
Torino
(TO) - IT - |
09713670017 |
Director |
Active |
Registered |
|
Eurolites
S.p.a. |
Torino
(TO) - IT - |
09713670017 |
Board
Chairman |
Active |
Registered |
|
Carpenteria
Bessi S.r.l. |
Castel
Mella (BS) - IT - |
02534520982 |
Director |
Withdrawn |
Registered |
|
Carpenteria
Bessi S.r.l. |
Castel
Mella (BS) - IT - |
02534520982 |
Board
Chairman |
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.
Shareholders'
list as at date of data collection:
|
Firm's
Style / Name |
Seat
/ Residence |
Fiscal
Code |
Owned
Shares |
%
Ownership |
|
Vip
S.r.l. (valori Idee Progetti) |
Campodarsego
- IT - |
01843690288 |
18.460
.Eur |
0,68 |
|
Fagnani
Gianfranco Alessandro |
Legnano
- IT - |
FGNGFR50H06C003A |
7.384
.Eur |
0,27 |
|
Castiglioni
Riccardo |
CSTRCR71M31B300U |
5.538
.Eur |
0,20 |
|
|
Masili
Dino |
San
Quirino - IT - |
MSLDNI46R29L992H |
21.466
.Eur |
0,79 |
|
Opera
Societa' Di Gestione Del Risparmio S.p.a. O, In Forma Abbre Viata Opera Sg |
Milano
- IT - |
05262560963 |
2.660.219
.Eur |
98,05 |
The
Company under review has participations in the following Companies:
|
Firm's
Style |
Seat |
Fiscal
Code |
Owned
Shares Amount |
%
Ownership |
since |
until |
Share
Status |
|
Industria
E Universita' S.r.l. |
Varese
- IT - |
01930490121 |
51.000
.Eur |
0,37 |
Active |
In
order to carry out its activities the firm uses the following locations:
|
- |
Legal
and operative seat |
|
Bozzi |
,
1 |
-
20025 |
-
Legnano |
(MI) |
-
IT - |
|
Legal
mail |
:
DUPLOMATIC@PEC.IT |
|
Employees |
:
93 |
|
Fittings
and Equipment for a value of 660.000 |
Eur |
|
Stocks
for a value of 3.030.000 |
Eur |
CEASINGS/INCORPORATIONS/MERGES:
|
Project
of merging by taking over of |
|
Duplomatic
Automazione S.p.a. |
|
Bozzi |
,
1 |
,
20025 |
,
Legnano |
(MI) |
-
IT - |
|
Fiscal
Code: 01209570124 |
|
Date |
Merging/splitting-up
project: |
05/05/2009 |
|
The
firm absorbed by merging of |
|
Duplomatic
Automazione S.p.a. |
|
Bozzi |
,
1 |
,
20025 |
,
Legnano |
(MI) |
-
IT - |
|
Fiscal
Code: 01209570124 |
|
Date |
: |
25/09/2009 |
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 economic-financial analysis has been made
on the base of the b/s of the latests three years.
Unstable economic results mark the company's
financial state of affairs. with a profit (r.o.e. 1,33%) in the last financial
year
The return on Investment in the last
financial year was positive (2,45%) and in line with the sector's average.
The operating result is positive and amounts
to Eur. 448.565 with an increase of more then 100% if the compared to the
previous financial year.
During the latest financial year the gross
operating margin amounted to Eur. 1.268.025 with a more then 100% increase as
opposed to the preceding year.
The financial status of the company is fairly
balanced with an indebtedness level of 1,55 with an improving trend as on the
decrease.
Subject can manage an equity capital funds
for an amount of Eur. 2.414.943 on stable levels.
Total debts recorded amounted to Eur.
12.563.591 (Eur. 8.577.035 of which were m/l term debts) with no important
change.
Financial debts as well as debts to suppliers
are rather high anyway better than the field's average.
Liquidity is good (2,18)
Accounts receivable average term is 51,21
days. , shorter than the sector's average.
The financial management generated a cash
flow of Eur. 851.672.
In the last financial year labour cost was of
Eur. 4.292.397, with a 34,02% incidence on total costs of production. , with a
33,22% incidence on turnover.
High incidence of financial charges on
turnover.
|
Complete
balance-sheet for the year |
al
31/12/2014 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
12.919.610 |
|
Profit
(Loss) for the period |
32.212 |
|
Complete
balance-sheet for the year |
al
31/12/2013 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
13.889.479 |
|
Profit
(Loss) for the period |
-984.338 |
|
Complete
balance-sheet for the year |
al
31/12/2012 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
11.841.201 |
|
Profit
(Loss) for the period |
-3.025.334 |
|
Complete
balance-sheet for the year |
al
31/12/2011 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
15.566.108 |
|
Profit
(Loss) for the period |
-616.208 |
|
Complete
balance-sheet for the year |
al
31/12/2010 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
11.531.513 |
|
Profit
(Loss) for the period |
-77.720 |
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 |
0,52 |
0,51 |
0,53 |
0,18 |
|
Elasticity
Ratio |
Units |
0,48 |
0,49 |
0,47 |
0,80 |
|
Availability
of stock |
Units |
0,17 |
0,18 |
0,20 |
0,24 |
|
Total
Liquidity Ratio |
Units |
0,31 |
0,31 |
0,27 |
0,48 |
|
Quick
Ratio |
Units |
0,01 |
0,02 |
0,01 |
0,03 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net
Short-term indebtedness |
Units |
1,55 |
2,47 |
7,21 |
3,25 |
|
Self
Financing Ratio |
Units |
0,13 |
0,12 |
0,06 |
0,19 |
|
Capital
protection Ratio |
Units |
-0,14 |
0,27 |
0,74 |
0,63 |
|
Liabilities
consolidation quotient |
Units |
2,37 |
1,51 |
0,99 |
0,19 |
|
Financing |
Units |
5,20 |
6,17 |
13,82 |
3,80 |
|
Permanent
Indebtedness Ratio |
Units |
0,65 |
0,58 |
0,46 |
0,36 |
|
M/L
term Debts Ratio |
Units |
0,52 |
0,46 |
0,41 |
0,11 |
|
Net
Financial Indebtedness Ratio |
Units |
3,78 |
4,14 |
8,61 |
0,63 |
|
CORRELATION |
|||||
|
Fixed
assets ratio |
Units |
1,24 |
1,13 |
0,88 |
1,75 |
|
Current
ratio |
Units |
2,18 |
1,61 |
1,15 |
1,21 |
|
Acid
Test Ratio-Liquidity Ratio |
Units |
1,42 |
1,03 |
0,66 |
0,81 |
|
Structure's
primary quotient |
Units |
0,25 |
0,23 |
0,11 |
1,03 |
|
Treasury's
primary quotient |
Units |
0,06 |
0,06 |
0,02 |
0,06 |
|
Rate
of indebtedness ( Leverage ) |
% |
758,46 |
858,43 |
1792,69 |
516,42 |
|
Current
Capital ( net ) |
Value |
4.714.641 |
3.779.159 |
1.297.947 |
422.465 |
|
RETURN |
|||||
|
Return
on Sales |
% |
6,59 |
-0,05 |
-17,30 |
3,35 |
|
Return
on Equity - Net- ( R.O.E. ) |
% |
1,33 |
-41,31 |
-259,23 |
5,13 |
|
Return
on Equity - Gross - ( R.O.E. ) |
% |
5,11 |
-40,56 |
-258,11 |
14,77 |
|
Return
on Investment ( R.O.I. ) |
% |
2,45 |
-2,27 |
-11,59 |
4,16 |
|
Return/
Sales |
% |
3,47 |
-3,35 |
-20,48 |
4,11 |
|
Extra
Management revenues/charges incid. |
% |
7,18 |
n.c. |
n.c. |
28,57 |
|
Cash
Flow |
Value |
851.672 |
-6.328 |
-2.047.960 |
122.482 |
|
Operating
Profit |
Value |
448.565 |
-465.070 |
-2.425.299 |
144.752 |
|
Gross
Operating Margin |
Value |
1.268.025 |
632.967 |
-1.447.925 |
241.990 |
|
MANAGEMENT |
|||||
|
Credits
to clients average term |
Days |
51,21 |
69,22 |
63,08 |
111,85 |
|
Debts
to suppliers average term |
Days |
94,31 |
132,59 |
220,92 |
128,30 |
|
Average
stock waiting period |
Days |
84,47 |
93,49 |
128,45 |
80,43 |
|
Rate
of capital employed return ( Turnover ) |
Units |
0,71 |
0,68 |
0,57 |
1,08 |
|
Rate
of stock return |
Units |
4,26 |
3,85 |
2,80 |
4,45 |
|
Labour
cost incidence |
% |
33,22 |
32,14 |
40,20 |
19,12 |
|
Net
financial revenues/ charges incidence |
% |
-2,67 |
-3,46 |
-4,38 |
-1,08 |
|
Labour
cost on purchasing expenses |
% |
34,02 |
31,92 |
34,43 |
19,02 |
|
Short-term
financing charges |
% |
2,75 |
3,31 |
3,21 |
2,68 |
|
Capital
on hand |
% |
141,77 |
147,26 |
176,69 |
91,91 |
|
Sales
pro employee |
Value |
96.415 |
99.924 |
80.008 |
198.432 |
|
Labour
cost pro employee |
Value |
32.032 |
32.115 |
32.166 |
35.779 |
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 |
: |
3.839.216 |
|
Population
living in the region |
: |
9.393.092 |
|
Number
of families in the region |
: |
3.858.736 |
Monthly
family expences average in the region (in Eur..) :
|
-
per food products |
: |
460 |
|
-
per non food products |
: |
2.090 |
|
-
per energy consume |
: |
114 |
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.
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
24.765.
The
insolvency index for the region is 0,55, , while for the province it is 0,66.
Total
Bankrupt companies in the province : 22.523.
Total
Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.62 |
|
|
1 |
Rs.100.34 |
|
Euro |
1 |
Rs.70.67 |
|
EUR |
1 |
Rs. 70.71 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
ASH |
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.