MIRA INFORM REPORT
|
Report No. : |
357148 |
|
Report Date : |
28.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
BIANCALANI S.R.L. |
|
|
|
|
Registered Office : |
Via Alfredo Menichetti, 28 59100 - Prato
(PO) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
30.06.2014 |
|
|
|
|
Date of Incorporation : |
10.06.1987 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Manufacture of textile machinery, machinery
and systems for auxiliary treatment of textiles, sewing and weaving machines
(including spare parts and accessories). |
|
|
|
|
No. of Employee : |
From 16 to 25 |
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
|
BIANCALANI S.R.L. |
|
Via Alfredo Menichetti, 28 59100 - Prato
(PO)-IT- |
Summary
|
Fiscal Code |
: |
02104450487 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
10/06/1987 |
|
Equity |
: |
1.500.000 |
|
Turnover Range |
: |
6.500.000/7.750.000 |
|
Number of Employees |
: |
from 16 to 25 |
Activity
Manufacture of textile machinery, machinery
and systems for auxiliary treatment of textiles, sewing and weaving machines
(including spare parts and accessories)
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 02104450487 |
|
Foreign Trade Reg. no. : 005111 of Prato
since 23/12/1991 |
|
Chamber of Commerce no. : 391978 of Firenze
since 07/01/1987 |
|
Chamber of Commerce no. : 391978 of Prato since
07/01/1987 |
|
Firms' Register : PO005-13538 of Prato
since 19/02/1996 |
|
V.A.T. Code : 00283080976 |
|
Establishment date |
: 07/11/1986 |
|
|
Start of Activities |
: 10/06/1987 |
|
|
Legal duration |
: 31/12/2020 |
|
|
Nominal Capital |
: 90.000 |
|
|
Subscribed Capital |
: 90.000 |
|
|
Paid up Capital |
: 90.000 |
|
Legal mail : |
BIANCALANI_SRL@PEC.IT |
Members
|
Biancalani |
Rossano |
|
Born in Pistoia |
(PT) |
on 02/06/1959 |
- Fiscal Code : BNCRSN59H02G713F |
|
Residence: |
Carlo Emilio Gadda |
, 31 |
- 59015 |
Carmignano |
(PO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
05/04/2012 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Biancalani |
Rossana |
|
Born in Prato |
(FI) |
on 27/04/1962 |
- Fiscal Code : BNCRSN62D67G999I |
|
Residence: |
Filugelli |
, 11 |
- 59100 |
Prato |
(PO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
05/04/2012 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Biancalani |
Massimo |
|
Born in Prato |
(FI) |
on 30/01/1965 |
- Fiscal Code : BNCMSM65A30G999G |
|
Residence: |
Garosi |
, 37 |
- 59100 |
Prato |
(PO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
05/04/2012 |
|
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.
|
Biancalani |
Rossano |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Immobiliare Biancalani S.a.s. Di Biancalani
Fiorenzo E C. |
Firenze (FI) - IT - |
00401050489 |
Limited Partner |
Active |
Registered |
|
Biancalani |
Rossana |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Immobiliare Biancalani S.a.s. Di Biancalani
Fiorenzo E C. |
Firenze (FI) - IT - |
00401050489 |
Limited Partner |
Active |
Registered |
|
Biancalani |
Massimo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Next Technology Tecnotessile Societa' Nazionale
Di Ricerca R.l. |
Prato (PO) - IT - |
00640450482 |
Director |
Active |
Registered |
|
Immobiliare Biancalani S.a.s. Di Biancalani
Fiorenzo E C. |
Firenze (FI) - IT - |
00401050489 |
Limited 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 |
|
Immobiliare Biancalani S.a.s. Di Biancal
ani Fiorenzo E C. |
Firenze - IT - |
00401050489 |
5.877 .Eur |
5,87 |
|
Biancalani Rossano |
Carmignano - IT - |
BNCRSN59H02G713F |
31.374 .Eur |
31,37 |
|
Biancalani Rossana |
Prato - IT - |
BNCRSN62D67G999I |
31.374 .Eur |
31,37 |
|
Biancalani Massimo |
Prato - IT - |
BNCMSM65A30G999G |
31.374 .Eur |
31,37 |
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 |
|
Consorzio Pratoinvest |
Prato - IT - |
01935520971 |
Active |
Firm's location and structure
In order to carry out its activities the firm
uses the following locations:
|
- |
Legal and operative seat |
|
Alfredo Menichetti |
, 28 |
- 50047 |
- Prato |
(PO) |
- IT - |
|
PHONE |
: 0574630646 |
|
Legal mail |
: BIANCALANI_SRL@PEC.IT |
|
- |
Branch |
since 31/12/1995 |
|
Udine |
, 16 |
- 50047 |
- Prato |
(PO) |
- IT - |
|
Employees |
: 20 |
|
Fittings and Equipment for a value of
14.000 |
Eur |
|
Stocks for a value of 910.000 |
Eur |
The firm operates abroad as exporter..
Export represents from 20% to 50% of the
global turnover.
Products abroad are placed by :
|
- trading companies |
|
- its own agents |
|
- direct orders from foreign companies |
Export is mainly towards:
|
- Italy |
|
- Poland |
|
- Ireland |
|
- Great Britain |
Historical
Information and/or Firm's Status
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Limited liability company |
Joint stock company |
CEASINGS/INCORPORATIONS/MERGES:
|
Project of merging by taking over of |
|
BIANCALANI RICERCA S.R.L. |
|
, Firenze |
- IT - |
|
Fiscal Code: 05429570483 |
|
Date |
Merging/splitting-up project: |
22/09/2008 |
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
The company is active since 1987
An eco-fin analysis has been made on the base
od the b/s fo the years 2012, 2013 and 2014.
During the last years, it achieved profits
(r.o.e. 47,82% on 2014) and with an upward trend in turnover trend during the
last financial year (+71,28% in 2014).
The operating result in 2014 was positive
(19,8%) and even better than sector's average.
The amount of the operating result for the
year 2014 is of Eur. 914.269 rising (+more then 100%) in relation to the
previous year.
A gross operating margine for a value of Eur.
973.633 was reached. growing by more then 100% if compared to the year before.
The company has an excellent net worth if
compared to its debts, with a low indebtedness (0,6) lower than in 2013.
Subject can manage an equity capital funds
for an amount of Eur. 1.419.000 , increasing by 59,36% if compared to the year
before.
During the last financial year debts totalled
Eur. 2.589.290 (Eur. 374.926 of which were m/l term debts) , a more or less
stable value.
Bank and suppliers credit recourse is
limited, 86,27 gg. is payment average period below the sector's average.
Payments are supported by good current
assets.
As to due from customers, the average terms
are 56,99 days. , lower than the sector's average.
The financial management generated a cash
flow of Eur. 737.972.
Subordinate employment cost is of Eur.
1.174.524, i.e. 17,16% on total production costs. , whereas the incidence of
such costs on sales revenues is equal to 15,54%.
The financial management has a limited
economic impact, equal to -0,12% on the sales.
Financial Data
|
Complete balance-sheet for the year |
al 30/06/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
7.557.082 |
|
Profit (Loss) for the period |
678.608 |
|
Complete balance-sheet for the year |
al 30/06/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.412.102 |
|
Profit (Loss) for the period |
175.076 |
|
Complete balance-sheet for the year |
al 30/06/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.554.477 |
|
Profit (Loss) for the period |
274.150 |
|
Complete balance-sheet for the year |
al 30/06/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
3.405.580 |
|
Profit (Loss) for the period |
169.174 |
|
Complete balance-sheet for the year |
al 30/06/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
3.275.880 |
|
Profit (Loss) for the period |
-86.894 |
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 30/06/2014 - 12 Mesi
- Currency: - Amounts x 1 |
|
- Balance Sheet as at 30/06/2013 - 12 Mesi -
Currency: - Amounts x 1 |
|
- Balance Sheet as at 30/06/2012 - 12 Mesi
- Currency: - Amounts x 1 |
|
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|
|
RATIOS |
Value Type |
as at 30/06/2014 |
as at 30/06/2013 |
as at 30/06/2012 |
Sector Average |
|
COMPOSITION ON INVESTMENT |
|||||
|
Rigidity Ratio |
Units |
0,06 |
0,06 |
0,11 |
0,18 |
|
Elasticity Ratio |
Units |
0,91 |
0,94 |
0,88 |
0,80 |
|
Availability of stock |
Units |
0,20 |
0,23 |
0,24 |
0,24 |
|
Total Liquidity Ratio |
Units |
0,71 |
0,70 |
0,64 |
0,48 |
|
Quick Ratio |
Units |
0,39 |
0,35 |
0,37 |
0,03 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
0,60 |
1,64 |
0,68 |
3,25 |
|
Self Financing Ratio |
Units |
0,31 |
0,20 |
0,25 |
0,19 |
|
Capital protection Ratio |
Units |
0,46 |
0,70 |
0,58 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,31 |
0,24 |
0,37 |
0,19 |
|
Financing |
Units |
1,82 |
3,34 |
2,30 |
3,80 |
|
Permanent Indebtedness Ratio |
Units |
0,46 |
0,34 |
0,44 |
0,36 |
|
M/L term Debts Ratio |
Units |
0,15 |
0,14 |
0,18 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,63 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
7,29 |
5,84 |
4,12 |
1,75 |
|
Current ratio |
Units |
1,90 |
1,59 |
1,81 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,49 |
1,20 |
1,32 |
0,81 |
|
Structure's primary quotient |
Units |
4,89 |
3,40 |
2,40 |
1,03 |
|
Treasury's primary quotient |
Units |
0,81 |
0,60 |
0,76 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
325,48 |
503,37 |
393,45 |
516,42 |
|
Current Capital ( net ) |
Value |
1.997.402 |
1.561.622 |
1.341.635 |
422.465 |
|
RETURN |
|||||
|
Return on Sales |
% |
9,77 |
5,07 |
7,27 |
3,35 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
47,82 |
19,66 |
31,68 |
5,13 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
62,62 |
24,63 |
38,68 |
14,77 |
|
Return on Investment ( R.O.I. ) |
% |
19,80 |
4,22 |
10,41 |
4,16 |
|
Return/ Sales |
% |
12,10 |
4,28 |
7,78 |
4,11 |
|
Extra Management revenues/charges incid. |
% |
74,22 |
92,63 |
77,39 |
28,57 |
|
Cash Flow |
Value |
737.972 |
223.714 |
331.330 |
122.482 |
|
Operating Profit |
Value |
914.269 |
189.000 |
354.267 |
144.752 |
|
Gross Operating Margin |
Value |
973.633 |
237.638 |
421.778 |
241.990 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
56,99 |
108,39 |
57,15 |
111,85 |
|
Debts to suppliers average term |
Days |
86,27 |
163,01 |
129,45 |
128,30 |
|
Average stock waiting period |
Days |
43,40 |
85,56 |
64,64 |
80,43 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,64 |
0,98 |
1,34 |
1,08 |
|
Rate of stock return |
Units |
8,29 |
4,21 |
5,57 |
4,45 |
|
Labour cost incidence |
% |
15,54 |
20,19 |
21,96 |
19,12 |
|
Net financial revenues/ charges incidence |
% |
-0,12 |
-0,97 |
-0,40 |
-1,08 |
|
Labour cost on purchasing expenses |
% |
17,16 |
19,64 |
22,32 |
19,02 |
|
Short-term financing charges |
% |
1,03 |
1,82 |
1,75 |
2,68 |
|
Capital on hand |
% |
61,12 |
101,58 |
74,75 |
91,91 |
|
Sales pro employee |
Value |
209.918 |
163.411 |
146.918 |
198.432 |
|
Labour cost pro employee |
Value |
32.625 |
32.986 |
32.262 |
35.779 |
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 1.206 significant
companies.
The companies cash their credits on an
average of 112 dd.
The average duration of suppliers debts is
about 128 dd.
The sector's profitability is on an average
of 3,35%.
The labour cost affects the turnover in the
measure of 19,12%.
Goods are held in stock in a range of 80 dd.
The difference between the sales volume and
the resources used to realize it is about 1,08.
The employees costs represent the 19,02% 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 2.055.
The insolvency index for the region is 0,70,
, while for the province it is 0,88.
Total Bankrupt companies in the province :
3.109.
Total Bankrupt companies in the region :
20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.20 |
|
|
1 |
Rs.98.30 |
|
Euro |
1 |
Rs.72.41 |
|
EUR |
1 |
Rs.72.72 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
ANK |
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.