MIRA INFORM REPORT
|
Report No. : |
354354 |
|
Report Date : |
10.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
MARCONIGOMMA S.P.A. |
|
|
|
|
Registered Office : |
Via Dell'europa, 28, 40037 - Sasso Marconi (BO) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
27.12.2005 |
|
|
|
|
Legal Form : |
Joint stock company with sole shareholder |
|
|
|
|
Line of Business : |
Subject is manufacture of other rubber products |
|
|
|
|
No. of Employee
: |
From 36 to 50 |
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 |
Company
name and address
MARCONIGOMMA S.P.A.
Via Dell'europa, 28,
40037 - Sasso
Marconi (BO) -IT-
Summary
|
Fiscal Code |
: |
02608291205 |
|
Legal Form |
: |
Joint stock company with sole shareholder |
|
start of Activities |
: |
02/01/2006 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
20.000.000/25.000.000 |
|
Number of Employees |
: |
from 36 to 50 |
Activity
Manufacture of other rubber products
Legal
Data
Legal Form : Joint stock company with sole shareholder
|
Fiscal Code : 02608291205 |
|
Foreign Trade Reg. no. : BO053117 since 28/02/2007 |
|
Chamber of Commerce no. : 452944 of Bologna since 02/01/2006 |
|
V.A.T. Code : 02608291205 |
|
Establishment date |
: 27/12/2005 |
|
|
Start of Activities |
: 02/01/2006 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 250.000 |
|
|
Subscribed Capital |
: 250.000 |
|
|
Paid up Capital |
: 250.000 |
|
Legal mail : |
MARCONIGOMMA@PEC.MARCONIGOMMA.IT |
Members
|
Fanti |
Andrea |
|
Born in Bologna |
(BO) |
on 17/07/1958 |
- Fiscal Code : FNTNDR58L17A944Y |
|
Residence: |
Castello |
, 30 |
- 40037 |
Sasso Marconi |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
12/05/2015 |
||
|
Board Chairman |
12/05/2015 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Marconigomma Group S.p.a. |
|
Residence: |
Dell'europa |
, 28 |
- 40037 |
Sasso Marconi |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Bernardoni |
Andrea |
|
Born in Bologna |
(BO) |
on 04/01/1966 |
- Fiscal Code : BRNNDR66A04A944J |
|
Residence: |
Dell'orologio |
, 5 |
- 40037 |
Sasso Marconi |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
12/05/2015 |
||
|
Managing Director |
12/05/2015 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Bernardoni |
Monica |
|
Born in Bologna |
(BO) |
on 24/10/1965 |
- Fiscal Code : BRNMNC65R64A944S |
|
Residence: |
Castello |
, 46 |
- 40037 |
Sasso Marconi |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
12/05/2015 |
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.
|
Fanti |
Andrea |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Giorgio Fanti - S.p.a. |
Casalecchio di Reno (BO) - IT - |
02140620374 |
Director |
Withdrawn |
Registered |
|
Giorgio Fanti - S.p.a. |
Casalecchio di Reno (BO) - IT - |
02140620374 |
Managing
Director |
Withdrawn |
Registered |
|
Marconigomma Spa |
Sasso Marconi (BO) - IT - |
00291540375 |
Director |
Withdrawn |
Ceased |
|
Marconigomma Spa |
Sasso Marconi (BO) - IT - |
00291540375 |
Managing Director |
Withdrawn |
Ceased |
|
Nuova Rivetteria Bolognese S.r.l. |
Sasso Marconi (BO) - IT - |
03690570373 |
Director |
Withdrawn |
Registered |
|
Nuova Rivetteria Bolognese S.r.l. |
Sasso Marconi (BO) - IT - |
03690570373 |
Sole Director |
Active |
Registered |
|
Nuova Rivetteria Bolognese S.r.l. |
Sasso Marconi (BO) - IT - |
03690570373 |
Board Chairman |
Withdrawn |
Registered |
|
Be.fa. Di Bellucci Giampiero E C. S.a.s. |
Sasso Marconi (BO) - IT - |
03562570378 |
Limited Partner |
Active |
Registered |
|
Bertocchi S.a.s. Di Andrea Fanti E C. |
Sasso Marconi (BO) - IT - |
02501490375 |
General Partner |
Active |
Registered |
|
Vs Inox S.r.l. |
Pieve Emanuele (MI) - IT - |
04272830375 |
Sole Director |
Withdrawn |
Ceased |
|
Sifi S.p.a. |
Casalecchio di Reno (BO) - IT - |
80005210374 |
Managing
Director |
Withdrawn |
Registered |
|
Sifi S.p.a. |
Casalecchio di Reno (BO) - IT - |
80005210374 |
Director |
Active |
Registered |
|
Sifi S.p.a. |
Casalecchio di Reno (BO) - IT - |
80005210374 |
Assistant board
Chairman |
Active |
Registered |
|
Marconigomma Group S.p.a. |
Sasso Marconi (BO) - IT - |
02123801207 |
Director |
Active |
Registered |
|
Marconigomma Group S.p.a. |
Sasso Marconi (BO) - IT - |
02123801207 |
Managing
Director |
Withdrawn |
Registered |
|
Marconigomma Group S.p.a. |
Sasso Marconi (BO) - IT - |
02123801207 |
Board Chairman |
Active |
Registered |
|
Marconi Special Compounds S.r.l. In FormA Abbreviata M.s.c. S.r.l |
Sasso Marconi (BO) - IT - |
02608301202 |
Managing
Director |
Withdrawn |
Registered |
|
Marconi Special Compounds S.r.l. In FormA Abbreviata M.s.c. S.r.l |
Sasso Marconi (BO) - IT - |
02608301202 |
Director |
Withdrawn |
Registered |
|
Marconi Special Compounds S.r.l. In FormA Abbreviata M.s.c. S.r.l |
Sasso Marconi (BO) - IT - |
02608301202 |
Board Chairman |
Withdrawn |
Registered |
|
Sagittario Costruzioni S.r.l. |
Sasso Marconi (BO) - IT - |
02608311201 |
Director |
Active |
Registered |
|
Sagittario Costruzioni S.r.l. |
Sasso Marconi (BO) - IT - |
02608311201 |
Board Chairman |
Active |
Registered |
|
Edil B.f. S.a.s. Di Boschi Giuseppe E C. |
Casalecchio di Reno (BO) - IT - |
03452890373 |
General Partner |
Withdrawn |
Ceased |
|
Fratelli Molinari S.r.l. |
Gossolengo (PC) - IT - |
00099720336 |
Sole Director |
Withdrawn |
Registered |
|
Bernardoni |
Andrea |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Marconigomma Group S.p.a. |
Sasso Marconi (BO) - IT - |
02123801207 |
Managing
Director |
Active |
Registered |
|
Marconigomma Group S.p.a. |
Sasso Marconi (BO) - IT - |
02123801207 |
Director |
Active |
Registered |
|
Sagittario Costruzioni S.r.l. |
Sasso Marconi (BO) - IT - |
02608311201 |
Managing
Director |
Active |
Registered |
|
Sagittario Costruzioni S.r.l. |
Sasso Marconi (BO) - IT - |
02608311201 |
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 |
|
Marconigomma Group S.p.a. |
Sasso Marconi - IT - |
02123801207 |
100,00 |
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 |
|
Dell'europa |
, 28 |
- 40037 |
- Sasso Marconi |
(BO) |
- IT - |
|
Legal mail |
: MARCONIGOMMA@PEC.MARCONIGOMMA.IT |
|
- |
Branch |
(Store) |
since 02/01/2006 |
|
Dell'europa |
, 11 |
- 40037 |
- Sasso Marconi |
(BO) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 02/01/2006 |
|
Badolo |
, 2 |
- 40037 |
- Sasso Marconi |
(BO) |
- IT - |
|
Employees |
: 45 |
|
Fittings and Equipment for a value of 1.650.000 |
Eur |
|
Stocks for a value of 4.510.000 |
Eur |
Historical Information and/or Firm's Status
CEASINGS/INCORPORATIONS/MERGES:
|
Project of merging by taking over of |
|
Marconi Special Compounds S.r.l. In FormA Abbreviata M.s.c. S.r.l |
|
Dell'europa |
, 28 |
, 40037 |
, Sasso Marconi |
(BO) |
- IT - |
|
Fiscal Code: 02608301202 |
|
Date |
Merging/splitting-up project: |
28/06/2011 |
|
The firm absorbed by merging of |
|
EFFETTI DAL 1^ GG DEL MESE SUCCESSIVO ALL'ULTIMA ISCRIZIONE |
|
|
Date |
: |
08/11/2011 |
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
The company is active since 2006
The analysis is based on the latest 3 balance sheets.
During the last years, it achieved profits (r.o.e. 23,2% on 2014) but
without a significant increase in the turnover.
The operating result was positive in the last financial year (12,57%)
and in line with the sector's average.
The amount of the operating result for the year 2014 is of Eur.
2.037.023 rising (+34,62%) in relation to the previous year.
The gross operating margin of the latest financial year is of Eur.
2.353.892 with a 29,51% growth.
The analysis shows a fair financial position as the indebtedness volume
is acceptable (1,76) and decreasing as against 2013.
Subject can manage an equity capital funds for an amount of Eur.
5.585.928 , with an upward trend.
In the year 2014 total debts amounted to Eur. 10.058.473 , a more or
less stable value.
Financial debts exposure is under control while the recourse to
commercial credit is rather frequent however still within the sector's average.
Liquidity is good (1,31)
Accounts receivable average term is high (118,08 days). but in line with
the sector.
Eur. 1.612.836 is the value of cash flow during the year 2014
In the last financial year labour cost was of Eur. 1.777.105, with a
9,16% incidence on total costs of production. , whereas the incidence of such
costs on sales revenues is equal to 8,31%.
The financial management has a limited economic impact, equal to -0,09%
on the sales.
Financial
Data
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
21.381.577 |
|
Profit (Loss) for the period |
1.295.967 |
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
22.537.727 |
|
Profit (Loss) for the period |
1.012.567 |
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
23.441.713 |
|
Profit (Loss) for the period |
777.138 |
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
22.171.217 |
|
Profit (Loss) for the period |
505.988 |
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
12.630.389 |
|
Profit (Loss) for the period |
-171.462 |
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 |
|
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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 |
0,19 |
0,16 |
0,15 |
0,37 |
|
Elasticity Ratio |
Units |
0,80 |
0,84 |
0,85 |
0,61 |
|
Availability of stock |
Units |
0,28 |
0,26 |
0,24 |
0,14 |
|
Total Liquidity Ratio |
Units |
0,53 |
0,58 |
0,61 |
0,40 |
|
Quick Ratio |
Units |
0,01 |
0,01 |
0,00 |
0,01 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
1,76 |
2,77 |
3,65 |
2,25 |
|
Self Financing Ratio |
Units |
0,34 |
0,25 |
0,20 |
0,25 |
|
Capital protection Ratio |
Units |
0,72 |
0,71 |
0,69 |
0,77 |
|
Liabilities consolidation quotient |
Units |
0,06 |
0,06 |
0,06 |
0,25 |
|
Financing |
Units |
1,80 |
2,87 |
3,76 |
2,89 |
|
Permanent Indebtedness Ratio |
Units |
0,38 |
0,29 |
0,25 |
0,49 |
|
M/L term Debts Ratio |
Units |
0,04 |
0,04 |
0,05 |
0,12 |
|
Net Financial Indebtedness Ratio |
Units |
0,78 |
1,38 |
1,96 |
1,13 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,99 |
1,82 |
1,68 |
1,12 |
|
Current ratio |
Units |
1,31 |
1,18 |
1,14 |
1,10 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,86 |
0,82 |
0,81 |
0,78 |
|
Structure's primary quotient |
Units |
1,79 |
1,57 |
1,36 |
0,64 |
|
Treasury's primary quotient |
Units |
0,01 |
0,02 |
0,00 |
0,02 |
|
Rate of indebtedness ( Leverage ) |
% |
290,06 |
398,18 |
489,74 |
400,87 |
|
Current Capital ( net ) |
Value |
3.074.078 |
2.184.587 |
1.621.649 |
122.005 |
|
RETURN |
|||||
|
Return on Sales |
% |
7,54 |
5,84 |
5,65 |
3,12 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
23,20 |
23,60 |
23,71 |
1,12 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
34,28 |
34,07 |
40,07 |
7,08 |
|
Return on Investment ( R.O.I. ) |
% |
12,57 |
8,86 |
8,43 |
3,17 |
|
Return/ Sales |
% |
9,53 |
6,71 |
5,77 |
3,04 |
|
Extra Management revenues/charges incid. |
% |
63,62 |
66,92 |
57,45 |
18,11 |
|
Cash Flow |
Value |
1.612.836 |
1.316.804 |
1.324.223 |
177.056 |
|
Operating Profit |
Value |
2.037.023 |
1.513.163 |
1.352.661 |
81.874 |
|
Gross Operating Margin |
Value |
2.353.892 |
1.817.400 |
1.901.246 |
249.142 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
118,08 |
133,90 |
126,34 |
109,51 |
|
Debts to suppliers average term |
Days |
101,72 |
103,94 |
96,03 |
100,86 |
|
Average stock waiting period |
Days |
75,91 |
70,03 |
60,12 |
49,84 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,32 |
1,32 |
1,46 |
1,05 |
|
Rate of stock return |
Units |
4,74 |
5,14 |
5,99 |
7,21 |
|
Labour cost incidence |
% |
8,31 |
7,61 |
8,15 |
18,93 |
|
Net financial revenues/ charges incidence |
% |
-0,09 |
-0,23 |
-0,54 |
-1,59 |
|
Labour cost on purchasing expenses |
% |
9,16 |
8,09 |
8,64 |
19,09 |
|
Short-term financing charges |
% |
0,42 |
0,55 |
1,15 |
2,93 |
|
Capital on hand |
% |
75,78 |
75,79 |
68,47 |
95,40 |
|
Sales pro employee |
Value |
388.755 |
425.240 |
397.317 |
159.094 |
|
Labour cost pro employee |
Value |
32.311 |
32.347 |
32.372 |
32.607 |
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 99 significant companies.
The companies cash their credits on an average of 110 dd.
The average duration of suppliers debts is about 101 dd.
The sector's profitability is on an average of 3,12%.
The labour cost affects the turnover in the measure of 18,93%.
Goods are held in stock in a range of 50 dd.
The difference between the sales volume and the resources used to
realize it is about 1,05.
The employees costs represent the 19,09% 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 18.860 protested subjects are found; in the province they
count to 3.720.
The insolvency index for the region is 0,46, , while for the province it
is 0,40.
Total Bankrupt companies in the province : 4.335.
Total Bankrupt companies in the region : 14.698.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.75 |
|
|
1 |
Rs.100.29 |
|
Euro |
1 |
Rs.72.89 |
|
EUR |
1 |
Rs. 73.29 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
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.