|
Report No. : |
355713 |
|
Report Date : |
21.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
ANTARES VISION S.R.L. |
|
|
|
|
Registered Office : |
Via Del Ferro, 16, 25039 – Travagliato (BS) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
19.11.2008 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of computer, electronic and optical products; electro
medical apparatus, measuring apparatus and clocks |
|
|
|
|
No. of Employees : |
From 111 to 130 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Excellent |
|
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 |
ANTARES VISION S.R.L.
Via Del Ferro, 16
25039 – Travagliato (BS) -IT-
|
Fiscal Code |
: |
02890871201 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
19/11/2008 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
20.000.000/25.000.000 |
|
Number of Employees |
: |
from 111 to 130 |
Manufacture of computer, electronic and optical products; electro medical
apparatus, measuring apparatus and clocks
Legal Form : Limited liability company
|
Fiscal Code : 02890871201 |
|
Chamber of Commerce no. : 523277 of Brescia since 23/12/2011 |
|
Chamber of Commerce no. : 190347 of Latina |
|
Chamber of Commerce no. : 260399 of Parma |
|
V.A.T. Code : 02890871201 |
|
Establishment date |
: 19/11/2008 |
|
|
Start of Activities |
: 19/11/2008 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 108.284 |
|
|
Subscribed Capital |
: 108.284 |
|
|
Paid up Capital |
: 108.284 |
|
Legal mail : |
ANTARES.VISION@LEGALMAIL.IT |
|
|
Reconta Ernst E Young S.p.a. |
|
|
Residence: |
Po |
, 32 |
- 00198 |
Roma |
(RM) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Auditor |
29/06/2015 |
|
|
Zorzella |
Emidio |
|
|
Born in Brescia |
(BS) |
on 16/07/1971 |
- Fiscal Code : ZRZMDE71L16B157R |
|
|
Residence: |
Delle Bassiche |
, 1 |
- 25122 |
Brescia |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/06/2015 |
||
|
Board Chairman |
29/06/2015 |
||
|
Managing Director |
29/06/2015 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Bonardi |
Massimo |
|
|
Born in Iseo |
(BS) |
on 28/10/1970 |
- Fiscal Code : BNRMSM70R28E333U |
|
|
Residence: |
Localit Menzino |
, 13 |
- 25050 |
Monte Isola |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/06/2015 |
||
|
Managing Director |
29/06/2015 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Hit Srl |
|
|
Residence: |
Del Ferro |
, 16 |
- 25039 |
Travagliato |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Strampe |
Carsten |
|
|
Born in Bevensen |
( ) |
on 03/05/1962 |
- Fiscal Code : STRCST62E03Z112G |
|
|
Residence: |
Hoehenstrasse |
, 12 |
Niddatal Assenheim |
- DE - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/06/2015 |
|
|
Cardella |
Fabio |
|
|
Born in Lumezzane |
(BS) |
on 10/09/1967 |
- Fiscal Code : CRDFBA67P10E738A |
|
|
Residence: |
Sesta |
, 79 |
- 25125 |
Brescia |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/06/2015 |
|
|
Berto |
Alioscia |
|
|
Born in Lodi |
(MI) |
on 29/09/1970 |
- Fiscal Code : BRTLSC70P29E648L |
|
|
Residence: |
Del Ferro |
, 16 |
- 25039 |
Travagliato |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/06/2015 |
*checkings have been performed on a national scale.
In this module are listed the companies in which members hold or have
holded positions.
|
|
Zorzella |
Emidio |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Antares Vision S.r.l. |
Castel Mella (BS) - IT - |
02934470986 |
Director |
Withdrawn |
Registered |
|
Smartvision S.r.l. |
Trieste (TS) - IT - |
01067250322 |
Director |
Active |
Registered |
|
Smartvision S.r.l. |
Trieste (TS) - IT - |
01067250322 |
Board Chairman |
Active |
Registered |
|
Hit Srl |
Travagliato (BS) - IT - |
03348380985 |
Director |
Active |
Registered |
|
Hit Srl |
Travagliato (BS) - IT - |
03348380985 |
Board Chairman |
Active |
Registered |
|
|
Bonardi |
Massimo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Antares Vision S.r.l. |
Castel Mella (BS) - IT - |
02934470986 |
Director |
Withdrawn |
Registered |
|
Smartvision S.r.l. |
Trieste (TS) - IT - |
01067250322 |
Director |
Active |
Registered |
|
Hit Srl |
Travagliato (BS) - IT - |
03348380985 |
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 |
|
Fondo Italiano D'investimento Sgr Spa |
Milano - IT - |
06968440963 |
22.854 .Eur |
21,10 |
|
Hit Srl |
Travagliato - IT - |
03348380985 |
85.430 .Eur |
78,89 |
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares
Amount |
% Ownership |
since |
until |
Share Status |
|
Antares Vision S.r.l. |
Castel Mella - IT - |
02934470986 |
100,00 |
Active |
Firm's location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
Del Ferro |
, 16 |
- 25039 |
- Travagliato |
(BS) |
- IT - |
|
PHONE |
: 0307283500 |
|
FAX |
: 0305109958 |
|
Website |
: WWW.ANTARESVISION.COM |
|
Legal mail |
: ANTARES.VISION@LEGALMAIL.IT |
|
- |
Branch |
(office) |
since 03/08/2012 |
|
Sminatori |
, 11/13 |
- 04011 |
- Aprilia |
(LT) |
- IT - |
|
- |
Branch |
(Administrative office) |
since 13/11/2013 |
|
Eguaglianza |
, 13 |
- 43044 |
- Collecchio |
(PR) |
- IT - |
|
- |
Branch |
(Factory) |
since 13/11/2013 |
|
8 Marzo |
, 21 |
- 43044 |
- Collecchio |
(PR) |
- IT - |
|
Employees |
: 115 |
|
Fittings and Equipment for a value of 60.000 |
Eur |
|
Stocks for a value of 5.080.000 |
Eur |
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of merging by taking over of |
|
Antares Vision
S.r.l. |
|
|
Roncadelle |
, 70/A |
, 25030 |
, Castel Mella |
(BS) |
- IT - |
|
|
Fiscal Code: 02934470986 |
|
|
Date |
Merging/splitting-up project: |
13/06/2012 |
|
|
The firm absorbed by merging of |
|
Antares Vision
S.r.l. |
|
|
Roncadelle |
, 70/A |
, 25030 |
, Castel Mella |
(BS) |
- IT - |
|
|
Fiscal Code: 02934470986 |
|
|
Date |
: |
02/08/2012 |
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.
Company's starting of activities dates back to 2008.
The eonomic-financial analysis is based on the latest 3 b/s.
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 15,68% in 2014 with a remarkable upward trend (+45,53%
on 2014 compared to 2013 and +48,93% on 2013 compared to 2012).
The return on Investment in the last financial year was positive (5,94%)
and reflects the field's average.
The amount of the operating result for the year 2014 is of Eur.
1.663.786 showing an upward trend 41,17% compared to the previous financial
year.
A gross operating margine for a value of Eur. 2.702.006 was reached.
with a 55,6% growth.
The financial status of the company is fairly balanced with an
indebtedness level of 1,25 yet on the increase as against the previous
accounting period.
Subject can manage an equity capital funds for an amount of Eur.
9.215.440 , rising by 20,18%.
In the year 2014 total debts amounted to Eur. 18.520.338 increasing if
compared to the previous year, during which they were equal to Eur. 7.777.933
(more then 100%).
The company does not exceed in bank borrowings; the recourse to
suppliers' credit is also limited below the sector's average.
The liquidity level is positive (1,51).
Accounts receivable average term is high (197,2 days). also in relation
to the average of the sector.
Eur. 2.483.377 is the value of cash flow during the year 2014
Labour cost expenses amount to Eur. 4.940.642 , representing 22,8% on
the total of production costs. , whereas the incidence of such costs on sales
revenues is equal to 22,95%.
Financial charges have a limited incidence (-0,22%) on sales volume.
|
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
21.530.645 |
|
Profit (Loss) for the period |
1.445.157 |
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
14.793.954 |
|
Profit (Loss) for the period |
791.295 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
9.933.068 |
|
Profit (Loss) for the period |
640.080 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.284.287 |
|
Profit (Loss) for the period |
217.767 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.097.818 |
|
Profit (Loss) for the period |
232.609 |
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 |
0,16 |
0,16 |
0,15 |
0,23 |
|
Elasticity Ratio |
Units |
0,84 |
0,83 |
0,85 |
0,82 |
|
Availability of stock |
Units |
0,18 |
0,20 |
0,13 |
0,20 |
|
Total Liquidity Ratio |
Units |
0,66 |
0,63 |
0,72 |
0,44 |
|
Quick Ratio |
Units |
0,19 |
0,24 |
0,27 |
0,02 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
1,25 |
0,46 |
0,28 |
2,41 |
|
Self Financing Ratio |
Units |
0,33 |
0,49 |
0,53 |
0,20 |
|
Capital protection Ratio |
Units |
0,83 |
0,88 |
0,89 |
0,64 |
|
Liabilities consolidation quotient |
Units |
0,21 |
0,38 |
0,66 |
0,21 |
|
Financing |
Units |
2,01 |
1,01 |
0,85 |
3,34 |
|
Permanent Indebtedness Ratio |
Units |
0,44 |
0,63 |
0,71 |
0,35 |
|
M/L term Debts Ratio |
Units |
0,12 |
0,14 |
0,19 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
0,01 |
0,62 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
2,84 |
3,85 |
4,75 |
1,56 |
|
Current ratio |
Units |
1,51 |
2,24 |
2,99 |
1,14 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,18 |
1,71 |
2,54 |
0,97 |
|
Structure's primary quotient |
Units |
2,10 |
2,99 |
3,51 |
1,23 |
|
Treasury's primary quotient |
Units |
0,34 |
0,64 |
0,94 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
304,02 |
205,53 |
189,72 |
406,56 |
|
Current Capital ( net ) |
Value |
7.912.527 |
7.249.715 |
7.340.510 |
703.383 |
|
RETURN |
|||||
|
Return on Sales |
% |
11,53 |
9,12 |
8,73 |
4,24 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
15,68 |
10,32 |
9,30 |
6,53 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
21,56 |
15,72 |
13,52 |
16,96 |
|
Return on Investment ( R.O.I. ) |
% |
5,94 |
7,48 |
6,42 |
5,51 |
|
Return/ Sales |
% |
7,73 |
7,97 |
8,43 |
5,27 |
|
Extra Management revenues/charges incid. |
% |
86,86 |
67,14 |
76,42 |
33,28 |
|
Cash Flow |
Value |
2.483.377 |
1.349.217 |
867.309 |
196.923 |
|
Operating Profit |
Value |
1.663.786 |
1.178.499 |
837.558 |
249.492 |
|
Gross Operating Margin |
Value |
2.702.006 |
1.736.421 |
1.064.787 |
365.971 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
197,20 |
136,04 |
181,35 |
125,50 |
|
Debts to suppliers average term |
Days |
87,75 |
82,28 |
98,90 |
131,94 |
|
Average stock waiting period |
Days |
85,01 |
75,07 |
60,50 |
55,15 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,77 |
0,94 |
0,76 |
1,17 |
|
Rate of stock return |
Units |
4,23 |
4,80 |
5,95 |
5,89 |
|
Labour cost incidence |
% |
22,95 |
29,79 |
31,92 |
15,57 |
|
Net financial revenues/ charges incidence |
% |
-0,22 |
0,18 |
0,61 |
-1,40 |
|
Labour cost on purchasing expenses |
% |
22,80 |
29,44 |
28,87 |
15,11 |
|
Short-term financing charges |
% |
0,57 |
0,64 |
1,15 |
2,72 |
|
Capital on hand |
% |
130,12 |
106,53 |
131,43 |
71,72 |
|
Sales pro employee |
Value |
247.478 |
107.985 |
100.334 |
158.312 |
|
Labour cost pro employee |
Value |
56.788 |
32.168 |
32.027 |
31.092 |
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 |
: |
1.169.259 |
|
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 |
Statistically the trade activity shows periods of crisis.
The area is statistically considered moderately risky.
In the region 50.886 protested subjects are found; in the province they count
to 5.551.
The insolvency index for the region is 0,55, , while for the province it
is 0,48.
Total Bankrupt companies in the province : 3.452.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.42 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.14 |
|
ITL |
1 |
Rs.72.03 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
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.