MIRA INFORM REPORT
|
Report No. : |
355846 |
|
Report Date : |
21.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
CO.ME.S. S.R.L. |
|
|
|
|
Registered Office : |
Via Dante Alighieri, 43/45/47 56012 – Calcinala (PI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
01.08.1967 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
General Mechanics. |
|
|
|
|
No. of Employees : |
From 26 to 35 |
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 : |
Good |
|
|
|
|
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
CO.ME.S. S.R.L.
Via
Dante Alighieri, 43/45/47
56012
– Calcinaia (PI) -IT-
Summary
|
Fiscal
Code |
: |
00142570506 |
|
Legal
Form |
: |
Limited
liability company |
|
start
of Activities |
: |
01/08/1967 |
|
Equity |
: |
Over
2.582.254 |
|
Turnover
Range |
: |
5.000.000/6.500.000
|
|
Number
of Employees |
: |
from
26 to 35 |
Activity
General
mechanics
Legal
Data
Legal
Form : Limited liability company
|
Register
of Handcraft firms : 18027 of Pisa |
|
Fiscal
Code : 00142570506 |
|
Foreign
Trade Reg. no. : PI001316 since 26/11/1991 |
|
Chamber
of Commerce no. : 43391 of Pisa since 21/09/1967 |
|
V.A.T.
Code : 00142570506 |
|
Establishment
date |
:
01/08/1967 |
|
|
Start
of Activities |
:
01/08/1967 |
|
|
Nominal
Capital |
:
96.500 |
|
|
Subscribed
Capital |
:
96.500 |
|
|
Paid
up Capital |
:
96.500 |
|
Legal
mail : |
CO.ME.S.SRL@PEC-MAIL.IT |
Members
|
|
Signorini |
Giuliano |
|
|
Born
in Pontedera |
(PI) |
on
19/04/1970 |
-
Fiscal Code : SGNGLN70D19G843N |
|
|
Residence: |
Tosco
Romagnola |
,
237/M |
-
56025 |
Pontedera |
(PI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Board
Chairman |
28/10/2015 |
||
|
Managing
Director |
28/10/2015 |
||
|
Director |
28/10/2015 |
||
|
Sole
partner |
05/08/2015 |
|
|
No
Prejudicial events are reported |
|
|
Signorini |
Franca |
|
|
Born
in Capannori |
(LU) |
on
12/10/1943 |
-
Fiscal Code : SGNFNC43R52B648E |
|
|
Residence: |
Tosco
Romagnola |
,
32 |
-
56012 |
Calcinaia |
(PI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Managing
Director |
28/10/2015 |
||
|
Director |
28/10/2015 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Signorini |
Roberto |
|
|
Born
in Pontedera |
(PI) |
on
11/01/1940 |
-
Fiscal Code : SGNRRT40A11G843Z |
|
|
Residence: |
Tosco
Romagnola |
,
32 |
-
56030 |
Calcinaia |
(PI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Managing
Director |
28/10/2015 |
||
|
Assistant
board Chairman |
28/10/2015 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
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.
|
|
Signorini |
Roberto |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Edilmare
Di Signorini Roberto |
Calcinaia
(PI) - IT - |
SGNRRT40A11G843Z |
Proprietor |
- |
Ceased |
|
|
Signorini |
Giuliano |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Soltek
S.r.l. |
Calcinaia
(PI) - IT - |
01767410507 |
Sole
Director |
Active |
Registered |
|
Soltek
S.r.l. |
Calcinaia
(PI) - IT - |
01767410507 |
Sole
partner |
Active |
Registered |
|
Tentazioni
Di Fabrizio E Giuliano Signorini S.n.c. |
Calcinaia
(PI) - IT - |
01254520503 |
Partner |
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 |
|
Signorini
Giuliano |
Pontedera
- IT - |
SGNGLN70D19G843N |
96.500
.Eur |
100,00 |
Direct
Participations
The
Company under review has participations in the following Companies:
|
Firm's
Style |
Seat |
Fiscal
Code |
Owned
Shares Amount |
%
Ownership |
since
|
until
|
Share
Status |
|
Confiditalia
Consorzio Nazionale Fidi E Garanzie Societa' Consort Ile Per Azioni |
06975220721 |
250
.Eur |
0,05 |
Active |
Firm's
location and structure
In
order to carry out its activities the firm uses the following locations:
|
- |
Legal
and operative seat |
|
Dante
Alighieri |
,
43/45/47 |
-
56030 |
-
Calcinaia |
(PI) |
-
IT - |
|
PHONE |
:
0587423311 |
|
Legal
mail |
:
CO.ME.S.SRL@PEC-MAIL.IT |
|
Employees |
:
28 |
|
Fittings
and Equipment for a value of 1.090.000 |
Eur |
|
Stocks
for a value of 2.400.000 |
Eur |
The
firm operates abroad as exporter..
Export
represents up to 20% of the global turnover.
Products
abroad are placed by :
|
-
direct orders from foreign companies |
Export
is mainly towards:
|
-
Bulgaria |
|
-
Italy |
|
-
Austria |
Historical Information and/or Firm's Status
CEASINGS/INCORPORATIONS/MERGES:
|
|
Splitting-up
project and setting-up of new co |
|
|
Date
|
Merging/Splitting-up
Project-New Company: |
29/06/2001 |
|
|
Splitting-up
and setting-up of new Co. Resol. |
|
|
|
|
Date
|
Splitting-up:
|
05/11/2001 |
|
|
Project
of splitting-up and tranfer into |
|
|
|
|
DANTE
ALIGHIERI |
,
34 |
,
56012 |
,
CALCINAIA |
(PI) |
-
IT - |
|
|
Fiscal
Code: 01619040502 |
|
|
Date
|
Merging/splitting-up
project: |
21/03/2002 |
|
|
Splitting-up
project and setting-up of new co |
|
|
Date
|
Merging/Splitting-up
Project-New Company: |
29/06/2004 |
|
|
Splitting-up
and setting-up of a new company |
|
|
|
|
,
Calcinaia |
-
IT - |
|
|
Date
|
Splitting-up:
|
30/11/2004 |
|
|
Project
of merging by taking over of |
|
|
|
|
DANTE
ALIGHIERI |
,
34 |
,
56012 |
,
CALCINAIA |
(PI) |
-
IT - |
|
|
Fiscal
Code: 01619040502 |
|
|
Date
|
Merging/splitting-up
project: |
22/06/2005 |
|
|
The
firm absorbed by merging of |
|
|
|
|
DANTE
ALIGHIERI |
,
34 |
,
56012 |
,
CALCINAIA |
(PI) |
-
IT - |
|
|
Fiscal
Code: 01619040502 |
|
|
Date
|
:
|
22/12/2005 |
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
Subject
is active since 1967
The
eonomic-financial analysis is based on the latest 3 b/s.
Under
the financial profile unstable results are noted. with a profit (r.o.e. 11,55%)
in the last financial year Upward trend as to the turnover in the last
financial year (+8,58%).
The
operating result was positive in the last financial year (11%) falling within
the field's average.
The
operating result is positive and amounts to Eur. 767.019 with an increase of
more then 100% if the compared to the previous financial year.
The
economic management produced a gross operating margin of Eur. 978.803 growing
by more then 100% if compared to the year before.
Very
good financial situation: shareholder's equity covers short-terms debts with an
indebtedness level equal to 0,36 and with an upward trend compared to the
previous year.
Subject
can manage an equity capital funds for an amount of Eur. 3.795.545 , unchanged
as opposed to the preceding year.
Total
debts recorded amounted to Eur. 2.568.276 (Eur. 582.125 of which were m/l term
debts) , rising as opposed to the previous year (+33,48%).
Liquidity
is good.
During
financial year 2014 the cash flow amounted to Eur. 650.175
Subordinate
employment cost is of Eur. 1.606.908, i.e. 28,17% on total production costs.
and a 26,41% incidence on sales volumes.
The
financial management has a limited economic impact, equal to -0,22% on the
sales.
Financial
Data
|
|
Complete
balance-sheet for the year |
al
31/12/2014 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
6.085.438 |
|
Profit
(Loss) for the period |
438.391 |
|
|
Complete
balance-sheet for the year |
al
31/12/2013 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
5.604.523 |
|
Profit
(Loss) for the period |
80.677 |
|
|
Complete
balance-sheet for the year |
al
31/12/2012 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
3.524.673 |
|
Profit
(Loss) for the period |
-168.273 |
|
|
Complete
balance-sheet for the year |
al
31/12/2011 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
4.751.610 |
|
Profit
(Loss) for the period |
258.855 |
|
|
Complete
balance-sheet for the year |
al
31/12/2010 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
4.056.225 |
|
Profit
(Loss) for the period |
329.465 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
0,26 |
0,20 |
0,24 |
0,24 |
|
Elasticity
Ratio |
Units |
0,74 |
0,80 |
0,76 |
0,73 |
|
Availability
of stock |
Units |
0,34 |
0,34 |
0,40 |
0,13 |
|
Total
Liquidity Ratio |
Units |
0,40 |
0,45 |
0,36 |
0,54 |
|
Quick
Ratio |
Units |
0,09 |
0,03 |
0,04 |
0,03 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net
Short-term indebtedness |
Units |
0,36 |
0,50 |
0,32 |
3,02 |
|
Self
Financing Ratio |
Units |
0,54 |
0,58 |
0,65 |
0,19 |
|
Capital
protection Ratio |
Units |
0,86 |
0,95 |
1,02 |
0,67 |
|
Liabilities
consolidation quotient |
Units |
0,60 |
0,29 |
0,40 |
0,21 |
|
Financing |
Units |
0,68 |
0,56 |
0,39 |
3,82 |
|
Permanent
Indebtedness Ratio |
Units |
0,72 |
0,68 |
0,75 |
0,37 |
|
M/L
term Debts Ratio |
Units |
0,17 |
0,09 |
0,10 |
0,12 |
|
Net
Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
0,54 |
|
CORRELATION |
|||||
|
Fixed
assets ratio |
Units |
2,80 |
3,33 |
3,13 |
1,36 |
|
Current
ratio |
Units |
2,61 |
2,46 |
3,01 |
1,15 |
|
Acid
Test Ratio-Liquidity Ratio |
Units |
1,40 |
1,40 |
1,44 |
0,90 |
|
Structure's
primary quotient |
Units |
2,13 |
2,86 |
2,71 |
0,80 |
|
Treasury's
primary quotient |
Units |
0,32 |
0,10 |
0,17 |
0,05 |
|
Rate
of indebtedness ( Leverage ) |
% |
183,75 |
171,74 |
154,50 |
522,79 |
|
Current
Capital ( net ) |
Value |
3.198.115 |
2.803.503 |
2.727.983 |
137.035 |
|
RETURN |
|||||
|
Return
on Sales |
% |
10,68 |
3,72 |
-1,25 |
4,19 |
|
Return
on Equity - Net- ( R.O.E. ) |
% |
11,55 |
2,33 |
-4,81 |
6,82 |
|
Return
on Equity - Gross - ( R.O.E. ) |
% |
19,86 |
6,27 |
-5,31 |
21,82 |
|
Return
on Investment ( R.O.I. ) |
% |
11,00 |
3,83 |
-4,52 |
5,32 |
|
Return/
Sales |
% |
12,60 |
4,05 |
-6,92 |
4,80 |
|
Extra
Management revenues/charges incid. |
% |
57,16 |
35,51 |
n.c. |
24,34 |
|
Cash
Flow |
Value |
650.175 |
208.363 |
-44.111 |
122.584 |
|
Operating
Profit |
Value |
767.019 |
227.219 |
-243.975 |
134.039 |
|
Gross
Operating Margin |
Value |
978.803 |
354.905 |
-119.813 |
232.049 |
|
MANAGEMENT |
|||||
|
Credits
to clients average term |
Days |
n.c. |
n.c. |
n.c. |
113,47 |
|
Debts
to suppliers average term |
Days |
n.c. |
n.c. |
n.c. |
128,87 |
|
Average
stock waiting period |
Days |
142,27 |
130,63 |
218,14 |
41,22 |
|
Rate
of capital employed return ( Turnover ) |
Units |
0,87 |
0,94 |
0,65 |
1,15 |
|
Rate
of stock return |
Units |
2,53 |
2,76 |
1,65 |
8,63 |
|
Labour
cost incidence |
% |
26,41 |
27,39 |
39,82 |
23,26 |
|
Net
financial revenues/ charges incidence |
% |
-0,22 |
0,01 |
0,07 |
-1,36 |
|
Labour
cost on purchasing expenses |
% |
28,17 |
29,53 |
34,92 |
23,52 |
|
Short-term
financing charges |
% |
0,54 |
0,02 |
0,11 |
2,74 |
|
Capital
on hand |
% |
114,61 |
105,94 |
153,26 |
87,13 |
|
Sales
pro employee |
Value |
121.708 |
119.245 |
81.969 |
150.278 |
|
Labour
cost pro employee |
Value |
32.138 |
32.661 |
32.636 |
33.017 |
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 3.083 significant companies.
The
companies cash their credits on an average of 113 dd.
The
average duration of suppliers debts is about 129 dd.
The
sector's profitability is on an average of 4,19%.
The
labour cost affects the turnover in the measure of 23,26%.
Goods
are held in stock in a range of 41 dd.
The
difference between the sales volume and the resources used to realize it is
about 1,15.
The
employees costs represent the 23,52% of the production costs.
Statistical
Detrimental Data
Statistcally
the trade activity shows periods of crisis.
The
area is statistically considered moderately risky.
In
the region 24.960 protested subjects are found; in the province they count to
2.664.
The
insolvency index for the region is 0,70, , while for the province it is 0,68.
Total
Bankrupt companies in the province : 1.648.
Total
Bankrupt companies in the region : 20.423.
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.72.14 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
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.