|
Report No. : |
353854 |
|
Report Date : |
15.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
SELCO S.R.L. |
|
|
|
|
Registered Office : |
ViaPalladio, 19 Onara, 35019 - Tombolo
(PD) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
06.03.1984 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of Other Electrical Equipment. |
|
|
|
|
No. of Employees : |
From 51 to 70 |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Moderate |
|
Payment Behaviour : |
-- |
|
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 |
SELCO S.R.L.
Via Palladio,
19 ONARA
35019 - Tombolo (PD) -IT-
|
Fiscal Code |
: |
00847700283 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
06/03/1984 |
|
Equity |
: |
Unknown. |
|
Turnover Range |
: |
12.750.000/15.500.000 |
|
Number of Employees |
: |
from 51 to 70 |
|
Firm's Status |
: |
Composition with creditors |
Manufacture of other electrical equipment n.e.c.
Legal Form : Limited liability company
|
Fiscal Code : 00847700283 |
|
Foreign Trade Reg. no. : PD005486 since 12/12/1991 |
|
Foreign Trade Reg. no. : 5486 of Padova since 12/12/1991 |
|
Chamber of Commerce no. : 179558 of Padova since 01/03/1983 |
|
Firms' Register : PD060-19602 of Padova since 19/02/1996 |
|
V.A.T. Code : 00847700283 |
|
Tribunal Co. Register : 19602 of |
|
Foundation date |
: 31/12/1982 |
|
|
Establishment date |
: 31/12/1982 |
|
|
Start of Activities |
: 06/03/1984 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 520.000 |
|
|
Subscribed Capital |
: 520.000 |
|
|
Paid up Capital |
: 520.000 |
|
Legal mail : |
CP38.2014PADOVA@PECCONCORDATI.IT |
|
|
Frasson |
Lino |
|
|
Born in Tombolo |
(PD) |
on 04/09/1951 |
- Fiscal Code : FRSLNI51P04L199S |
|
|
Residence: |
Bellinghiera |
, 5 |
- 35019 |
Tombolo |
(PD) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
27/07/1993 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Peracin |
Gianfranco |
|
|
Born in Brescia |
(BS) |
on 10/04/1963 |
- Fiscal Code : PRCGFR63D10B157H |
|
|
Residence: |
Configliachi |
, 5 |
- 35123 |
Padova |
(PD) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Receiver |
15/05/2015 |
*checkings have been performed on a national scale.
In this module are listed the companies in which members hold or have
holded positions.
|
|
Frasson |
Lino |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Finergo S.r.l. |
Tombolo (PD) - IT - |
03284340282 |
Sole Director |
Active |
Registered |
|
Selco Engineering S.r.l. |
Tombolo (PD) - IT - |
04112340288 |
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.
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Frasson Lino |
Tombolo - IT - |
FRSLNI51P04L199S |
509.600 .Eur |
98,00 |
|
Pierobon Mara |
PRBMRA52T71I008A |
10.400 .Eur |
2,00 |
|
- |
Legal and operative seat |
since 15/01/1993 |
|
Palladio, |
, 19 |
- 35019 |
- Tombolo |
(PD) |
- IT - |
|
PHONE |
: 0495993632 |
|
PHONE |
: 0499413111 |
|
FAX |
: 0499413311 |
|
Legal mail |
: CP38.2014PADOVA@PECCONCORDATI.IT |
|
- |
Branch |
(Factory) |
since 02/01/1997 |
|
Macello |
, 61 |
- 35013 |
- Cittadella |
(PD) |
- IT - |
|
PHONE |
: 0499413111 |
|
FAX |
: 0495993634 |
|
Employees |
: 62 |
|
Assistants |
: 1 |
|
Fittings and Equipment for a value of 190.000 |
Eur |
|
Stocks for a value of 2.760.000 |
Eur |
|
Work in progress for a value of 13.000 |
Eur |
The firm operates abroad as importer / exporter..
To purchase foreign products the firm uses the following channels :
|
- direct orders to foreign companies |
Export represents more than 50% of the global turnover.
Products abroad are placed by :
|
- importers |
|
- its own agents |
|
- direct orders from foreign companies |
Import comes generally from the following nations:
|
- Italy |
|
- Belgium |
Export is mainly towards:
|
- Hungary |
|
- Austria |
|
- Italy |
|
- France |
|
- Belgium |
|
- Great Britain |
|
- Poland |
|
- Greece |
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
De facto company |
Limited liability company |
31/12/1982 |
|
|
Splitting-up project and setting-up of new co |
|
|
Date |
Merging/Splitting-up Project-New Company: |
26/05/2006 |
|
|
Splitting-up and setting-up of a new company |
|
SELCO GROUP
S.P.A. |
|
|
, Tombolo Frazione Onara |
(PD) |
- IT - |
|
|
Date |
Splitting-up: |
22/09/2006 |
|
|
Splitting-up project and setting-up of new co |
|
|
Date |
Merging/Splitting-up Project-New Company: |
03/11/2006 |
|
|
Splitting-up and setting-up of a new company |
|
SELCO S.R.L. CON
SOCIO UNICO |
|
|
, Tombolo Frazione Onara |
(PD) |
- IT - |
|
|
Date |
Splitting-up: |
28/12/2006 |
|
|
Project of merging by taking over of |
|
INTECO S.R.L. |
|
|
PALLADIO |
, 19 |
, 35019 |
, TOMBOLO |
(PD) |
- IT - |
|
|
Fiscal Code: 04112330289 |
|
|
Date |
Merging/splitting-up project: |
26/06/2009 |
|
|
The firm absorbed by merging of |
|
INTECO S.R.L. |
|
|
PALLADIO |
, 19 |
, 35019 |
, TOMBOLO |
(PD) |
- IT - |
|
|
Fiscal Code: 04112330289 |
|
|
Date |
: |
26/10/2009 |
|
|
Project of merging by taking over of |
|
SELCO GROUP
S.P.A. |
|
|
PALLADIO |
, 19 |
, 35019 |
, TOMBOLO |
(PD) |
- IT - |
|
|
Fiscal Code: 04141140287 |
|
|
Date |
Merging/splitting-up project: |
13/11/2009 |
|
|
The firm absorbed by merging of |
|
SELCO GROUP
S.P.A. |
|
|
PALLADIO |
, 19 |
, 35019 |
, TOMBOLO |
(PD) |
- IT - |
|
|
Fiscal Code: 04141140287 |
|
|
Date |
: |
19/11/2009 |
|
|
The firm absorbed by merging of |
|
SELCO GROUP
S.P.A. |
|
|
PALLADIO |
, 19 |
, 35019 |
, TOMBOLO |
(PD) |
- IT - |
|
|
Fiscal Code: 04141140287 |
|
|
Date |
: |
23/04/2010 |
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.
In the name of the firm we report the following events:
|
|
Communications linked to procedures |
|||
|
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
14.273.998 |
|
Profit (Loss) for the period |
-4.231.842 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
13.073.197 |
|
Profit (Loss) for the period |
-1.562.080 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
14.264.311 |
|
Profit (Loss) for the period |
-31.821 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
13.198.573 |
|
Profit (Loss) for the period |
-1.922.667 |
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
11.035.856 |
|
Profit (Loss) for the period |
-3.583.720 |
From our constant monitoring of the relevant Public Administration
offices, no more recent balance sheets result to have been filed.
|
- Balance Sheet as at 31/12/2013 - 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 |
0,51 |
0,53 |
0,53 |
0,19 |
|
Elasticity Ratio |
Units |
0,47 |
0,46 |
0,46 |
0,79 |
|
Availability of stock |
Units |
0,15 |
0,16 |
0,16 |
0,20 |
|
Total Liquidity Ratio |
Units |
0,32 |
0,30 |
0,31 |
0,52 |
|
Quick Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,03 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
n.c. |
n.c. |
8,81 |
3,31 |
|
Self Financing Ratio |
Units |
n.c. |
n.c. |
0,05 |
0,18 |
|
Capital protection Ratio |
Units |
n.c. |
n.c. |
0,61 |
0,66 |
|
Liabilities consolidation quotient |
Units |
0,04 |
0,81 |
0,87 |
0,18 |
|
Financing |
Units |
n.c. |
n.c. |
15,80 |
4,09 |
|
Permanent Indebtedness Ratio |
Units |
n.c. |
0,37 |
0,42 |
0,33 |
|
M/L term Debts Ratio |
Units |
0,05 |
0,38 |
0,37 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
9,63 |
0,61 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
n.c. |
0,70 |
0,78 |
1,80 |
|
Current ratio |
Units |
0,41 |
0,97 |
1,09 |
1,23 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,27 |
0,64 |
0,72 |
0,86 |
|
Structure's primary quotient |
Units |
n.c. |
n.c. |
0,09 |
1,12 |
|
Treasury's primary quotient |
Units |
0,00 |
0,00 |
0,00 |
0,07 |
|
Rate of indebtedness ( Leverage ) |
% |
n.c. |
n.c. |
2074,40 |
541,00 |
|
Current Capital ( net ) |
Value |
-12.371.131 |
-379.591 |
962.592 |
380.064 |
|
RETURN |
|||||
|
Return on Sales |
% |
-15,09 |
0,40 |
8,57 |
3,59 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
n.c. |
n.c. |
-2,52 |
4,82 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
n.c. |
n.c. |
-80,94 |
19,04 |
|
Return on Investment ( R.O.I. ) |
% |
-10,58 |
-5,95 |
-1,28 |
4,67 |
|
Return/ Sales |
% |
-13,31 |
-11,53 |
-2,35 |
4,49 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
n.c. |
n.c. |
25,43 |
|
Cash Flow |
Value |
-2.154.315 |
52.797 |
1.223.010 |
134.539 |
|
Operating Profit |
Value |
-1.899.645 |
-1.507.451 |
-334.996 |
158.212 |
|
Gross Operating Margin |
Value |
182.372 |
113.019 |
1.034.508 |
292.137 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
98,13 |
103,27 |
115,13 |
103,46 |
|
Debts to suppliers average term |
Days |
186,72 |
227,04 |
188,27 |
128,84 |
|
Average stock waiting period |
Days |
69,69 |
109,79 |
102,57 |
68,68 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,80 |
0,52 |
0,55 |
1,11 |
|
Rate of stock return |
Units |
5,17 |
3,28 |
3,51 |
5,22 |
|
Labour cost incidence |
% |
26,19 |
28,63 |
25,86 |
19,05 |
|
Net financial revenues/ charges incidence |
% |
-4,62 |
-4,24 |
-3,49 |
-1,26 |
|
Labour cost on purchasing expenses |
% |
23,21 |
24,94 |
24,03 |
19,40 |
|
Short-term financing charges |
% |
3,17 |
2,65 |
2,53 |
2,64 |
|
Capital on hand |
% |
125,75 |
193,81 |
183,34 |
90,11 |
|
Sales pro employee |
Value |
123.051 |
112.699 |
124.037 |
181.347 |
|
Labour cost pro employee |
Value |
32.221 |
32.267 |
32.073 |
33.314 |
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 |
: |
882.779 |
|
Population living in the region |
: |
4.699.950 |
|
Number of families in the region |
: |
1.813.210 |
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
456 |
|
- per non food products |
: |
2.052 |
|
- per energy consume |
: |
127 |
The values are calculated on a base of 1.330 significant companies.
The companies cash their credits on an average of 103 dd.
The average duration of suppliers debts is about 129 dd.
The sector's profitability is on an average of 3,59%.
The labour cost affects the turnover in the measure of 19,05%.
Goods are held in stock in a range of 69 dd.
The difference between the sales volume and the resources used to
realize it is about 1,11.
The employees costs represent the 19,40% of the production costs.
Statistically the trade activity shows periods of crisis.
The area is statistically considered moderately risky.
In the region 13.782 protested subjects are found; in the province they
count to 2.646.
The insolvency index for the region is 0,30, , while for the province it
is 0,30.
Total Bankrupt companies in the province : 3.821.
Total Bankrupt companies in the region : 16.714.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.99 |
|
|
1 |
Rs.101.78 |
|
Euro |
1 |
Rs.73.47 |
|
ITL |
1 |
Rs.73.94 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
TPT |
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.