|
Report No. : |
353666 |
|
Report Date : |
08.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
FERRACUTI
SOCIETA' A RESPONSABILITA' LIM ITATA |
|
|
|
|
Registered Office : |
Via Dei Lanzi, 33 Sovigliana, 50059 – Vinci (FI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
07.05.2007 |
|
|
|
|
Legal Form : |
Sole-Member Limited Liability Company |
|
|
|
|
Line of Business : |
Subject is engaged in retail sale
of leatherwear and luggage. |
|
|
|
|
No. of Employee : |
From 1 to 5 |
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 – 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 |
FERRACUTI SOCIETA' A RESPONSABILITA'
LIM ITATA
Via Dei Lanzi, 33 SOVIGLIANA,
50059 – Vinci (FI) -IT-
|
Fiscal Code |
: |
05748660486 |
|
Legal Form |
: |
Sole-Member Limited Liability
Company |
|
start of Activities |
: |
07/05/2007 |
|
Equity |
: |
100.000 |
|
Turnover Range |
: |
375.000/500.000 |
|
Number of Employees |
: |
from 1 to 5 |
Retail sale of leatherwear and
luggage
Legal Form : Sole-Member Limited
Liability Company
|
Fiscal Code : 05748660486 |
|
Chamber of Commerce no. : 571866 of
Firenze since 25/05/2007 |
|
V.A.T. Code : 05748660486 |
|
Establishment date |
: 07/05/2007 |
|
|
Start of Activities |
: 07/05/2007 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 25.000 |
|
|
Subscribed Capital |
: 25.000 |
|
|
Paid up Capital |
: 25.000 |
|
Legal mail : |
FERRACUTI@PEC.CGN.IT |
|
Ferracuti |
Sergio |
|
Born in Vinci |
(FI) |
on 02/01/1970 |
- Fiscal Code : FRRSRG70A02M059C |
|
Residence: |
Gian Domenico Polverosi |
, 78 |
- 50056 |
Capraia e Limite |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
07/05/2007 |
||
|
Sole partner |
07/05/2007 |
|
No Prejudicial events are reported |
|
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.
|
Ferracuti |
Sergio |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Iskom*consulting S.r.l. |
Firenze (FI) - IT - |
04384590487 |
Director |
Withdrawn |
Registered |
|
La Florida Di Ferracuti Luana
S.n.c. |
Vinci (FI) - IT - |
03587660485 |
Partner |
Withdrawn |
Registered |
|
La Florida Di Ferracuti Luana
S.n.c. |
Vinci (FI) - IT - |
03587660485 |
Silent Partner |
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 |
|
Ferracuti Sergio |
Capraia e Limite - IT - |
FRRSRG70A02M059C |
100,00 |
The Company under review has
participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares Amount |
% Ownership |
since |
until |
Share Status |
|
Campania Expo |
02495620649 |
Active |
Firm's location and structure
In order to carry out its activities
the firm uses the following locations:
|
- |
Legal and operative seat |
|
Dei Lanzi |
, 33 |
- 50059 |
- Vinci |
(FI) |
- IT - |
|
Total Surface: 36 Sq.mt. |
|
Legal mail |
: FERRACUTI@PEC.CGN.IT |
|
- |
Branch |
(Shop) |
since 21/07/2010 |
|
Roma |
, 2 |
- 50050 |
- Montaione |
(FI) |
- IT - |
|
Total Surface: 24 Sq.mt. |
|
Employees |
: 1 |
|
Assistants |
: 1 |
|
Fittings and Equipment for a value
of 5.000 |
Eur |
|
Stocks for a value of 15.000 |
Eur |
CEASINGS/INCORPORATIONS/MERGES:
|
The firm took over the activity of |
|
Ferracuti Pelletteria E Accessori Moda
Di Ferracuti Sergio |
|
Fiscal Code: FRRSRG70A02M059C |
|
Date |
: |
07/05/2007 |
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.
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 44,55% in 2014
with a remarkable upward trend (+31,05% on 2014 compared to 2013 and +15,73% on
2013 compared to 2012).
The operating result was positive in
the last financial year (13,25%) and in line with the sector's average.
The amount of the operating result
for the year 2014 is of Eur. 69.414 with a more then 100% growth.
During the latest financial year the
gross operating margin amounted to Eur. 84.354 growing by more then 100% if
compared to the year before.
The analysis shows a fair financial
position as the indebtedness volume is acceptable (2,24) with an improving trend
as on the decrease.
The equity capital is equal to Eur.
89.358 , with an upward trend.
During the last financial year debts
totalled Eur. 426.592 (Eur. 219.004 of which were m/l term debts) on the same
levels as the year before.
Liquidity range isn't very
considerable.
During financial year 2014 the cash
flow amounted to Eur. 54.748
In the last financial year labour
cost was of Eur. 21.786, with a 4,86% incidence on total costs of production. ,
with a 4,63% incidence on turnover.
Financial charges have a high
incidence (-3,14%) on turnover figures.
|
|
Complete balance-sheet for the
year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
470.872 |
|
Profit (Loss) for the period |
39.808 |
|
|
Complete balance-sheet for the
year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
359.307 |
|
Profit (Loss) for the period |
2.434 |
|
|
Complete balance-sheet for the
year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
310.468 |
|
Profit (Loss) for the period |
827 |
|
|
Complete balance-sheet for the
year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
345.890 |
|
Profit (Loss) for the period |
980 |
|
|
Complete balance-sheet for the
year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
246.919 |
|
Profit (Loss) for the period |
8.282 |
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 |
|
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|
|
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 |
0,67 |
0,75 |
0,71 |
0,13 |
|
Elasticity Ratio |
Units |
0,32 |
0,24 |
0,28 |
0,85 |
|
Availability of stock |
Units |
0,03 |
0,04 |
0,08 |
0,54 |
|
Total Liquidity Ratio |
Units |
0,29 |
0,20 |
0,20 |
0,22 |
|
Quick Ratio |
Units |
0,01 |
0,03 |
0,01 |
0,04 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
2,24 |
2,54 |
3,17 |
4,36 |
|
Self Financing Ratio |
Units |
0,17 |
0,11 |
0,09 |
0,14 |
|
Capital protection Ratio |
Units |
0,27 |
0,45 |
0,45 |
0,56 |
|
Liabilities consolidation quotient |
Units |
1,08 |
1,90 |
1,90 |
0,15 |
|
Financing |
Units |
4,77 |
8,20 |
9,59 |
5,86 |
|
Permanent Indebtedness Ratio |
Units |
0,60 |
0,69 |
0,69 |
0,31 |
|
M/L term Debts Ratio |
Units |
0,43 |
0,58 |
0,59 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
8,13 |
0,98 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
0,89 |
0,92 |
0,97 |
2,02 |
|
Current ratio |
Units |
0,81 |
0,79 |
0,90 |
1,15 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,74 |
0,66 |
0,63 |
0,36 |
|
Structure's primary quotient |
Units |
0,25 |
0,14 |
0,13 |
1,06 |
|
Treasury's primary quotient |
Units |
0,04 |
0,11 |
0,05 |
0,07 |
|
Rate of indebtedness ( Leverage ) |
% |
586,41 |
927,89 |
1066,13 |
707,22 |
|
Current Capital ( net ) |
Value |
-39.007 |
-29.556 |
-15.864 |
61.776 |
|
RETURN |
|||||
|
Return on Sales |
% |
11,63 |
5,05 |
5,90 |
2,62 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
44,55 |
4,91 |
1,76 |
6,19 |
|
Return on Equity - Gross - (
R.O.E. ) |
% |
61,14 |
21,24 |
12,07 |
15,72 |
|
Return on Investment ( R.O.I. ) |
% |
13,25 |
5,48 |
4,32 |
3,25 |
|
Return/ Sales |
% |
14,74 |
7,01 |
6,99 |
2,94 |
|
Extra Management revenues/charges
incid. |
% |
57,35 |
9,66 |
3,81 |
31,16 |
|
Cash Flow |
Value |
54.748 |
18.155 |
18.322 |
20.178 |
|
Operating Profit |
Value |
69.414 |
25.194 |
21.688 |
23.558 |
|
Gross Operating Margin |
Value |
84.354 |
40.915 |
39.183 |
40.605 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
n.c. |
n.c. |
105,40 |
26,46 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
68,65 |
152,76 |
|
Average stock waiting period |
Days |
11,76 |
19,23 |
49,36 |
158,60 |
|
Rate of capital employed return (
Turnover ) |
Units |
0,90 |
0,78 |
0,62 |
1,10 |
|
Rate of stock return |
Units |
30,61 |
18,72 |
7,29 |
2,21 |
|
Labour cost incidence |
% |
4,63 |
4,96 |
5,11 |
10,29 |
|
Net financial revenues/ charges
incidence |
% |
-3,14 |
-4,08 |
-5,15 |
-1,31 |
|
Labour cost on purchasing expenses |
% |
4,86 |
4,99 |
5,30 |
10,25 |
|
Short-term financing charges |
% |
3,46 |
3,61 |
3,54 |
2,10 |
|
Capital on hand |
% |
111,28 |
127,96 |
161,79 |
90,76 |
|
Sales pro employee |
Value |
77.617 |
267.102 |
||
|
Labour cost pro employee |
Value |
3.967 |
30.754 |
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 |
: |
965.388 |
|
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 |
The values are calculated on a base
of 2.211 significant companies.
The companies cash their credits on
an average of 26 dd.
The average duration of suppliers
debts is about 153 dd.
The sector's profitability is on an
average of 2,62%.
The labour cost affects the turnover
in the measure of 10,29%.
Goods are held in stock in a range
of 159 dd.
The difference between the sales
volume and the resources used to realize it is about 1,10.
The employees costs represent the
10,25% of the production costs.
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 5.242.
The insolvency index for the region
is 0,70, , while for the province it is 0,55.
Total Bankrupt companies in the
province : 6.520.
Total Bankrupt companies in the
region : 20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.63 |
|
|
1 |
Rs.100.65 |
|
Euro |
1 |
Rs.72.40 |
|
ITL |
1 |
Rs.72.49 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
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.