MIRA INFORM REPORT
|
Report No. : |
356117 |
|
Report Date : |
21.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
MARMI BRUNO ZANET S.R.L. |
|
|
|
|
Registered Office : |
Via Paganella, 79 Volargne, 37020 - Dolce' (VR) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
13.10.1980 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
·
Cutting and carving of stone and marble ·
Wholesale of building materials (including sanitary
fixtures) ·
Wholesale of other building materials |
|
|
|
|
No. of Employees : |
From 26 to 35 |
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 : |
Slow but correct |
|
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 & address
MARMI BRUNO ZANET S.R.L.
Via Paganella, 79 VOLARGNE
37020 - Dolce' (VR) -IT-
Summary
|
Fiscal Code |
: |
01275490231 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
13/10/1980 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
20.000.000/25.000.000 |
|
Number of Employees |
: |
from 26 to 35 |
Activity
Cutting and carving of stone and marble
Wholesale of building materials (including sanitary fixtures)
Wholesale of other building materials
Legal
Data
Legal Form : Limited liability company
|
Fiscal Code : 01275490231 |
|
Foreign Trade Reg. no. : VR007777 since 05/12/1991 |
|
Chamber of Commerce no. : 75882 of Massa |
|
Chamber of Commerce no. : 171503 of Verona since 01/12/1980 |
|
Firms' Register : VR091-13509 of Verona since 19/02/1996 |
|
V.A.T. Code : 01275490231 |
|
Foundation date |
: 01/01/1980 |
|
|
Establishment date |
: 13/10/1980 |
|
|
Start of Activities |
: 13/10/1980 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 4.500.000 |
|
|
Subscribed Capital |
: 4.500.000 |
|
|
Paid up Capital |
: 4.500.000 |
|
Legal mail : |
MARMIBRUNOZANET@PEC.BRUNOZANET.COM |
Members
|
|
Zanet |
Roberta |
|
|
Born in San Dona' di Piave |
(VE) |
on 04/06/1968 |
- Fiscal Code : ZNTRRT68H44H823A |
|
|
Residence: |
Avanzi |
, 12 |
- 37029 |
San Pietro in Cariano |
(VR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
08/10/2008 |
||
|
Managing Director |
08/10/2008 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Zanet |
Bruno |
|
|
Born in San Dona' di Piave |
(VE) |
on 13/02/1938 |
- Fiscal Code : ZNTBRN38B13H823A |
|
|
Residence: |
Emilio Salgari |
, 156 |
- 37010 |
Sant'Ambrogio di Valpolicella |
(VR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
08/10/2008 |
||
|
Director |
08/10/2008 |
||
|
Managing Director |
08/10/2008 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Zanet |
Giorgio |
|
|
Born in San Dona' di Piave |
(VE) |
on 11/09/1964 |
- Fiscal Code : ZNTGRG64P11H823Y |
|
|
Residence: |
Don Minzoni |
, 28 |
- 37010 |
Sant'Ambrogio di Valpolicella |
(VR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
08/10/2008 |
||
|
Managing Director |
08/10/2008 |
|
|
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.
|
|
Zanet |
Roberta |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Gardaland S.p.a. |
Castelnuovo del Garda (VR) - IT - |
00463500231 |
Director |
Withdrawn |
Ceased |
|
Aquardens S.p.a. |
Pescantina (VR) - IT - |
03784080230 |
Director |
Withdrawn |
Registered |
|
Start Up Srl |
Jesolo (VE) - IT - |
04026210270 |
Director |
Active |
Registered |
|
Start Up Srl |
Jesolo (VE) - IT - |
04026210270 |
Board Chairman |
Active |
Registered |
|
|
Zanet |
Bruno |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
ZANET BRUNO |
Dolce' (VR) - IT - |
Proprietor |
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.
Capital Shareholders
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Zanet Roberta |
San Pietro in Cariano - IT - |
ZNTRRT68H44H823A |
2.025.000 .Eur |
45,00 |
|
Zanet Bruno |
Sant'Ambrogio di Valpolicella - IT - |
ZNTBRN38B13H823A |
450.000 .Eur |
10,00 |
|
Zanet Giorgio |
Sant'Ambrogio di Valpolicella - IT - |
ZNTGRG64P11H823Y |
2.025.000 .Eur |
45,00 |
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 |
|
Terminale Ferroviario Valpolicella S.p.a . Per Brevita' T.f.v. S.p.a. |
Sant'Ambrogio di Valpolicella - IT - |
02037360233 |
15.000 .Eur |
0,82 |
Active |
||
|
Internazionale Marmi E Macchine - Carrar a S.p.a. |
Carrara - IT - |
00207170457 |
90 .Eur |
Active |
Firm's
location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
Paganella |
, 79 |
- 37020 |
- Dolce' |
(VR) |
- IT - |
|
TELEX |
: 480657 |
|
PHONE |
: 0456833444 |
|
PHONE |
: 0456861706 |
|
FAX |
: 6860055 |
|
FAX |
: 0456887364 |
|
Legal mail |
: MARMIBRUNOZANET@PEC.BRUNOZANET.COM |
|
- |
Branch |
(Warehouse) |
since 11/03/1981 |
|
D. Zaccagna |
, 44 |
- 54033 |
- Carrara |
(MS) |
- IT - |
|
PHONE |
: 0585633163 |
|
- |
Branch |
(Warehouse) |
since 12/06/2012 |
|
Dell'industria Sud |
, 1 |
- 37010 |
- Rivoli Veronese |
(VR) |
- IT - |
|
Employees |
: 30 |
|
Fittings and Equipment for a value of 89.000 |
Eur |
|
Stocks for a value of 9.350.000 |
Eur |
The firm operates abroad as importer / exporter..
To purchase foreign products the firm uses the following channels :
|
- distributors |
|
- its own sales net-work |
|
- direct orders to foreign companies |
Export represents up to 20% of the global turnover.
Products abroad are placed by :
|
- national or foreign important buyers |
|
- importers |
|
- its own sales net-work |
|
- direct orders from foreign companies |
Import comes generally from the following nations:
|
- Greece |
Export is mainly towards:
|
- Italy |
|
- Belgium |
Historical
Information and/or Firm's Status
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Joint stock company |
Limited liability company |
07/10/1988 |
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.
Bankers
The firm operates with:
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
UNICREDIT BANCA SPA |
Ag. Ambrogio
Valpolicella |
Financial and Economical Analysis
The company is active since 1980
The eonomic-financial analysis is based on the latest 3 b/s.
Unstable economic results mark the company's financial state of affairs.
; in the last financial year a loss was registered (r.o.e. -1,74%)
The operating result is negative.
The amount of the operating loss for 2014 is equal to Eur. -478.584.
At the end of the latest financial year, a negative gross operating
margin of Eur. -326.781 was registered.
The analysis shows a fair financial position as the indebtedness volume
is acceptable (1,5) yet on the increase as against the previous accounting
period.
It's shareholders funds amount to Eur. 12.899.155 , unchanged as opposed
to the preceding year.
Total debts recorded amounted to Eur. 19.577.610 (Eur. 90.000 of which
were m/l term debts) , a more or less stable value.
Bank borrowings' volume is slightly high but the recourse to suppliers'
credit is modest below the sector's average.
Payments are supported by good current assets.
As far as the collection of credit goes, the average is high (143,48
days). , as it normally happens in the sector.
A negative cash flow marked the year 2014 totalling Eur. -72.512.
During 2014 financial year labour costs amounted to Eur. 1.661.573, with
a 7,89% incidence on production costs. , whereas 8,11% is the incidence on
sales revenues.
Financial charges have a high incidence (-4,23%) on turnover figures.
Financial Data
|
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
20.484.274 |
|
Profit (Loss) for the period |
-224.315 |
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
21.323.979 |
|
Profit (Loss) for the period |
20.576 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
23.809.069 |
|
Profit (Loss) for the period |
119.352 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
20.394.381 |
|
Profit (Loss) for the period |
197.819 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
21.322.059 |
|
Profit (Loss) for the period |
459.900 |
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 |
0,35 |
0,31 |
0,32 |
0,11 |
|
Elasticity Ratio |
Units |
0,65 |
0,69 |
0,68 |
0,87 |
|
Availability of stock |
Units |
0,28 |
0,28 |
0,28 |
0,22 |
|
Total Liquidity Ratio |
Units |
0,37 |
0,41 |
0,40 |
0,56 |
|
Quick Ratio |
Units |
0,01 |
0,02 |
0,01 |
0,02 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
1,50 |
1,43 |
1,42 |
3,81 |
|
Self Financing Ratio |
Units |
0,39 |
0,39 |
0,40 |
0,17 |
|
Capital protection Ratio |
Units |
0,67 |
0,66 |
0,65 |
0,65 |
|
Liabilities consolidation quotient |
Units |
0,04 |
0,05 |
0,06 |
0,12 |
|
Financing |
Units |
1,52 |
1,48 |
1,47 |
4,72 |
|
Permanent Indebtedness Ratio |
Units |
0,41 |
0,42 |
0,43 |
0,30 |
|
M/L term Debts Ratio |
Units |
0,03 |
0,03 |
0,03 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
1,12 |
1,14 |
1,05 |
1,28 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,18 |
1,36 |
1,34 |
2,06 |
|
Current ratio |
Units |
1,12 |
1,19 |
1,20 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,64 |
0,71 |
0,71 |
0,84 |
|
Structure's primary quotient |
Units |
1,11 |
1,27 |
1,24 |
1,28 |
|
Treasury's primary quotient |
Units |
0,01 |
0,03 |
0,01 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
259,73 |
253,97 |
252,72 |
591,61 |
|
Current Capital ( net ) |
Value |
2.326.435 |
3.739.278 |
3.700.138 |
219.071 |
|
RETURN |
|||||
|
Return on Sales |
% |
-0,35 |
0,86 |
1,15 |
2,22 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-1,74 |
0,16 |
0,91 |
6,27 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
0,32 |
2,12 |
3,41 |
15,95 |
|
Return on Investment ( R.O.I. ) |
% |
-1,43 |
1,39 |
2,16 |
4,19 |
|
Return/ Sales |
% |
-2,34 |
2,17 |
3,00 |
3,42 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
4,45 |
16,71 |
29,26 |
|
Cash Flow |
Value |
-72.512 |
183.329 |
274.774 |
61.669 |
|
Operating Profit |
Value |
-478.584 |
462.689 |
714.197 |
95.558 |
|
Gross Operating Margin |
Value |
-326.781 |
625.442 |
869.619 |
144.934 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
143,48 |
175,15 |
156,77 |
120,94 |
|
Debts to suppliers average term |
Days |
77,74 |
61,16 |
70,02 |
120,04 |
|
Average stock waiting period |
Days |
164,27 |
156,51 |
137,86 |
61,92 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,61 |
0,64 |
0,72 |
1,27 |
|
Rate of stock return |
Units |
2,19 |
2,30 |
2,61 |
5,74 |
|
Labour cost incidence |
% |
8,11 |
7,36 |
6,47 |
7,77 |
|
Net financial revenues/ charges incidence |
% |
-4,23 |
-1,46 |
-1,66 |
-1,26 |
|
Labour cost on purchasing expenses |
% |
7,89 |
7,48 |
6,52 |
7,90 |
|
Short-term financing charges |
% |
4,98 |
2,23 |
2,23 |
2,67 |
|
Capital on hand |
% |
163,55 |
156,30 |
139,08 |
78,39 |
|
Sales pro employee |
Value |
401.652 |
435.183 |
496.022 |
437.713 |
|
Labour cost pro employee |
Value |
32.579 |
32.045 |
32.089 |
33.928 |
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 6.137 significant companies.
The companies cash their credits on an average of 121 dd.
The average duration of suppliers debts is about 120 dd.
The sector's profitability is on an average of 2,22%.
The labour cost affects the turnover in the measure of 7,77%.
Goods are held in stock in a range of 62 dd.
The difference between the sales volume and the resources used to
realize it is about 1,27.
The employees costs represent the 7,90% of the production costs.
Statistical
Detrimental Data
Statistically the trade activity shows periods of crisis.
The area is statistically considered lowly risky.
In the region 13.782 protested subjects are found; in the province they
count to 2.673.
The insolvency index for the region is 0,30, , while for the province it
is 0,31.
Total Bankrupt companies in the province : 2.982.
Total Bankrupt companies in the region : 16.714.
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.72.08 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.