MIRA INFORM REPORT
|
Report No. : |
356507 |
|
Report Date : |
23.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
NUOVA SIMA - S.R.L. |
|
|
|
|
Registered Office : |
FrazioneValtreara, 83, 60040 – Genga (AN) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
09.12.1987 |
|
|
|
|
Legal Form : |
Sole-Member Limited Liability Company |
|
|
|
|
Line of Business : |
·
Other mining and quarrying n.e.c. ·
Crushing of stone and various minerals out of the
quarry |
|
|
|
|
No. of Employee : |
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 : |
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
NUOVA
SIMA - S.R.L.
Frazione Valtreara, 83,
60040 – Genga (AN)
-IT-
Summary
|
Fiscal
Code |
: |
09039070157 |
|
Legal
Form |
: |
Sole-Member
Limited Liability Company |
|
start
of Activities |
: |
26/03/1991 |
|
Equity |
: |
Over
2.582.254 |
|
Turnover
Range |
: |
15.500.000/18.000.000 |
|
Number
of Employees |
: |
from
26 to 35 |
Activity
Other
mining and quarrying n.e.c.
Crushing
of stone and various minerals out of the quarry
Legal
Data
Legal
Form : Sole-Member Limited Liability Company
|
Fiscal
Code : 09039070157 |
|
Foreign
Trade Reg. no. : AN005622 since 22/04/1993 |
|
Chamber
of Commerce no. : 111516 of Ancona since 20/02/1989 |
|
V.A.T.
Code : 01143650420 |
|
Trade
Agents Licence : of Ancona since 07/11/2013 |
|
Establishment
date |
:
09/12/1987 |
|
|
Start
of Activities |
:
26/03/1991 |
|
|
Legal
duration |
:
31/12/2050 |
|
|
Nominal
Capital |
:
416.000 |
|
|
Subscribed
Capital |
:
416.000 |
|
|
Paid
up Capital |
:
416.000 |
|
Legal
mail : |
NUOVASIMA@PEC.NUOVASIMA.IT |
Members
|
|
Sima
S.p.a. |
|
|
Residence: |
Valtreara |
,
83 |
-
60040 |
Genga |
(AN) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Sole
partner |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Castellani |
Sergio |
|
|
Born
in Gualdo Tadino |
(PG) |
on
28/09/1931 |
-
Fiscal Code : CSTSRG31P28E230K |
|
|
Residence: |
Dante |
,
71 |
-
60044 |
Fabriano |
(AN) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
10/01/1992 |
||
|
Board
Chairman |
10/01/1992 |
||
|
Person
in charge |
07/11/2013 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Savini |
Elda |
|
|
Born
in Foligno |
(PG) |
on
05/05/1935 |
-
Fiscal Code : SVNLDE35E45D653N |
|
|
Residence: |
Dante |
,
71 |
-
60044 |
Fabriano |
(AN) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
10/01/1992 |
|
|
Castellani |
Fabio |
|
|
Born
in Foligno |
(PG) |
on
16/03/1960 |
-
Fiscal Code : CSTFBA60C16D653E |
|
|
Residence: |
Don
Pietro Ciccolini |
,
23 |
-
60044 |
Fabriano |
(AN) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
10/01/1992 |
||
|
Managing
Director |
26/08/2011 |
||
|
Person
in charge |
07/11/2013 |
|
|
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.
|
|
Castellani |
Sergio |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Sima
S.p.a. |
Genga
(AN) - IT - |
02220330423 |
Sole
Director |
Active |
Registered |
|
|
Castellani |
Fabio |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Sima
Holding S.r.l. |
Genga
(AN) - IT - |
02639460423 |
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.
Capital
Shareholders
Shareholders'
list as at date of data collection:
|
Firm's
Style / Name |
Seat
/ Residence |
Fiscal
Code |
Owned
Shares |
%
Ownership |
|
Sima
S.p.a. |
Genga
- IT - |
02220330423 |
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 |
|
Valtreara |
,
83 |
-
60040 |
-
Genga |
(AN) |
-
IT - |
|
PHONE |
:
073290162 |
|
Legal
mail |
:
NUOVASIMA@PEC.NUOVASIMA.IT |
|
Employees |
:
35 |
|
Fittings
and Equipment for a value of 1.730.000 |
Eur |
|
Stocks
for a value of 2.140.000 |
Eur |
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
Company's starting of activities dates back
to 1991.
The analysis is based on the latest 3 balance
sheets.
During the last years, it achieved profits
(r.o.e. 23,77% on 2014) with a remarkable upward trend (+7,32% on 2014 compared
to 2013 and +10,48% on 2013 compared to 2012).
The operating result was positive in the last
financial year (28,24%) and is higher than the sector's average.
An operating result of Eur. 4.248.981 has
been registered. rising (+20,64%) in relation to the previous year.
A gross operating margine for a value of Eur.
5.212.901 was reached. with a 29,57% increase as opposed to the preceding year.
Equity is good since liquid assets exceed
short term debts.
The management generated equity capital for
an amount of Eur. 12.476.827 , unchanged if compared to 2013.
Total debts recorded amounted to Eur.
2.210.467 (Eur. 419.693 of which were m/l term debts) increasing if compared to
the previous year, during which they were equal to Eur. 1.689.087 (30,86%).
Bank exsposure is limited and the suppliers'
credit is modest too, 50,35 gg. is the payment average period which is also
lower than the sector average.
The management determines a good range of
liquidity.
As far as the collection of credit goes, the
average is high (96,27 days). but lower if compared to the sector's average.
The financial management generated a cash
flow of Eur. 3.929.674.
Labour cost amounts to Eur. 1.130.037, with a
9,72% incidence on production costs. , whereas 7,13% is the incidence on sales
revenues.
No incidence of financial charges as lower
than the incomes.
Financial
Data
|
|
Complete
balance-sheet for the year |
al
31/12/2014 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
15.857.130 |
|
Profit
(Loss) for the period |
2.965.754 |
|
|
Complete
balance-sheet for the year |
al
31/12/2013 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
14.774.831 |
|
Profit
(Loss) for the period |
2.435.003 |
|
|
Complete
balance-sheet for the year |
al
31/12/2012 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
13.372.238 |
|
Profit
(Loss) for the period |
2.605.757 |
|
|
Complete
balance-sheet for the year |
al
31/12/2011 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
13.357.835 |
|
Profit
(Loss) for the period |
2.613.534 |
|
|
Complete
balance-sheet for the year |
al
31/12/2010 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
12.079.446 |
|
Profit
(Loss) for the period |
2.180.362 |
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 |
0,15 |
0,17 |
0,21 |
0,40 |
|
Elasticity
Ratio |
Units |
0,85 |
0,82 |
0,79 |
0,71 |
|
Availability
of stock |
Units |
0,14 |
0,09 |
0,16 |
0,13 |
|
Total
Liquidity Ratio |
Units |
0,70 |
0,73 |
0,63 |
0,41 |
|
Quick
Ratio |
Units |
0,36 |
0,37 |
0,27 |
0,00 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net
Short-term indebtedness |
Units |
n.c. |
n.c. |
n.c. |
1,18 |
|
Self
Financing Ratio |
Units |
0,83 |
0,86 |
0,86 |
0,23 |
|
Capital
protection Ratio |
Units |
0,73 |
0,77 |
0,73 |
0,74 |
|
Liabilities
consolidation quotient |
Units |
0,37 |
0,31 |
0,40 |
0,41 |
|
Financing |
Units |
0,18 |
0,14 |
0,14 |
1,61 |
|
Permanent
Indebtedness Ratio |
Units |
0,87 |
0,89 |
0,89 |
0,49 |
|
M/L
term Debts Ratio |
Units |
0,04 |
0,03 |
0,04 |
0,14 |
|
Net
Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,93 |
|
CORRELATION |
|||||
|
Fixed
assets ratio |
Units |
5,70 |
5,12 |
4,22 |
0,81 |
|
Current
ratio |
Units |
7,10 |
8,20 |
7,96 |
0,96 |
|
Acid
Test Ratio-Liquidity Ratio |
Units |
5,91 |
7,26 |
6,35 |
1,19 |
|
Structure's
primary quotient |
Units |
5,41 |
4,94 |
4,04 |
0,62 |
|
Treasury's
primary quotient |
Units |
3,02 |
3,66 |
2,78 |
0,01 |
|
Rate
of indebtedness ( Leverage ) |
% |
120,57 |
115,91 |
116,88 |
212,15 |
|
Current
Capital ( net ) |
Value |
10.927.461 |
10.487.155 |
9.060.565 |
465.766 |
|
RETURN |
|||||
|
Return
on Sales |
% |
24,78 |
19,87 |
23,07 |
5,96 |
|
Return
on Equity - Net- ( R.O.E. ) |
% |
23,77 |
19,46 |
23,11 |
1,63 |
|
Return
on Equity - Gross - ( R.O.E. ) |
% |
34,89 |
28,54 |
34,04 |
3,58 |
|
Return
on Investment ( R.O.I. ) |
% |
28,24 |
24,29 |
28,62 |
3,62 |
|
Return/
Sales |
% |
26,80 |
23,84 |
28,21 |
6,04 |
|
Extra
Management revenues/charges incid. |
% |
69,80 |
69,14 |
69,08 |
14,73 |
|
Cash
Flow |
Value |
3.929.674 |
2.936.091 |
3.084.637 |
223.312 |
|
Operating
Profit |
Value |
4.248.981 |
3.522.021 |
3.772.060 |
188.682 |
|
Gross
Operating Margin |
Value |
5.212.901 |
4.023.109 |
4.250.940 |
470.226 |
|
MANAGEMENT |
|||||
|
Credits
to clients average term |
Days |
96,27 |
113,67 |
112,04 |
145,64 |
|
Debts
to suppliers average term |
Days |
50,35 |
43,08 |
43,55 |
127,28 |
|
Average
stock waiting period |
Days |
48,66 |
33,46 |
56,53 |
49,53 |
|
Rate
of capital employed return ( Turnover ) |
Units |
1,05 |
1,02 |
1,01 |
0,53 |
|
Rate
of stock return |
Units |
7,40 |
10,76 |
6,37 |
6,37 |
|
Labour
cost incidence |
% |
7,13 |
7,47 |
8,41 |
13,13 |
|
Net
financial revenues/ charges incidence |
% |
0,38 |
0,23 |
0,21 |
-2,84 |
|
Labour
cost on purchasing expenses |
% |
9,72 |
9,72 |
11,68 |
12,61 |
|
Short-term
financing charges |
% |
0,15 |
0,27 |
1,34 |
3,65 |
|
Capital
on hand |
% |
94,87 |
98,15 |
98,56 |
154,04 |
|
Sales
pro employee |
Value |
453.060 |
434.553 |
382.063 |
270.044 |
|
Labour
cost pro employee |
Value |
32.286 |
32.463 |
32.148 |
44.266 |
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 68 significant companies.
The
companies cash their credits on an average of 146 dd.
The
average duration of suppliers debts is about 127 dd.
The
sector's profitability is on an average of 5,96%.
The
labour cost affects the turnover in the measure of 13,13%.
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 0,53.
The
employees costs represent the 12,61% 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 9.333 protested subjects are found; in the province they count to
2.315.
The
insolvency index for the region is 0,62, , while for the province it is 0,51.
Total
Bankrupt companies in the province : 855.
Total
Bankrupt companies in the region : 6.005.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.30 |
|
|
1 |
Rs.98.71 |
|
Euro |
1 |
Rs.72.33 |
|
EURO |
1 |
Rs. 72.26 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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.