MIRA INFORM REPORT
|
Report No. : |
309658 |
|
Report Date : |
24.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
MARMI LAME S.R.L. |
|
|
|
|
Registered Office : |
Via Dorsale, 54, 54100 – Massa (MS) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
14.05.1966 |
|
|
|
|
Com. Reg. No.: |
MS010-1740 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
|
|
|
|
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 industrial 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 133% of GDP in 2013, 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 widespread tax evasion. In 2013 economic growth and labor market conditions deteriorated, with growth at -1.8% and unemployment rising to 12.4%, with youth unemployment around 40%. Italy's GDP is now 8% below its 2007 pre-crisis level.
|
Source
: CIA |
Company
name and address
MARMI LAME S.R.L.
Via Dorsale, 54
54100 – Massa (MS)
-IT-
Summary
|
Fiscal Code |
: |
00061200457 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
02/01/1967 |
|
Equity |
: |
2.000.000 |
|
Turnover Range |
: |
5.000.000/6.500.000 |
|
Number of Employees |
: |
from 16 to 25 |
Activity
Cutting and carving of stone and marble
Production of abrasive products
Manufacture of other machine tools
Legal
Data
Legal Form : Limited liability company
|
Fiscal Code : 00061200457 |
|
Foreign Trade Reg. no. : MS001408 since 05/12/1991 |
|
Chamber of Commerce no. : 56979 of Massa since 01/07/1966 |
|
Chamber of Commerce no. : 250951 of Verona |
|
Firms' Register : MS010-1740 of Massa since 19/02/1996 |
|
V.A.T. Code : 00061200457 |
|
Establishment date |
: 14/05/1966 |
|
|
Start of Activities |
: 02/01/1967 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 160.000 |
|
|
Subscribed Capital |
: 160.000 |
|
|
Paid up Capital |
: 160.000 |
Members
|
Piccinini |
Gabriella |
|
|
Born in Massa |
(MS) |
on 13/09/1942 |
- Fiscal Code : PCCGRL42P53F023Y |
|
|
Residence: |
Palestro |
, 33 |
- 54100 |
Massa |
(MS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
16/04/2012 |
||
|
Board Chairman |
16/04/2012 |
||
|
Managing Director |
16/04/2012 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
Ciani |
Nicola |
|
|
Born in Firenze |
(FI) |
on 14/12/1970 |
- Fiscal Code : CNINCL70T14D612B |
|
|
Residence: |
Giovanni Pascoli |
, 36 |
- 54100 |
Massa |
(MS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
16/04/2012 |
||
|
Managing Director |
16/04/2012 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
M.c. Di Manucci Alessandra E C. S.a.s. |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
Manucci |
Maurizio |
|
|
Born in La Spezia |
(SP) |
on 28/01/1946 |
- Fiscal Code : MNCMRZ46A28E463O |
|
|
Residence: |
Pistoia |
, 5 |
- 54100 |
Massa |
(MS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
07/10/2014 |
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.
|
Ciani |
Nicola |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Consorzio Con Attivita' Esterna CarraraExport |
Carrara (MS) - IT - |
00630080455 |
Director |
Active |
Registered |
|
Consorzio Con Attivita' Esterna CarraraExport |
Carrara (MS) - IT - |
00630080455 |
Assistant board
Chairman |
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 |
|
Piccinini Gabriella |
Massa - IT - |
PCCGRL42P53F023Y |
25.600 .Eur |
16,00 |
|
Ciani Nicola |
Massa - IT - |
CNINCL70T14D612B |
46.400 .Eur |
29,00 |
|
Ciani Francesca |
CNIFNC73P42B832U |
24.000 .Eur |
15,00 |
|
|
Ciani Gigliola |
CNIGLL79H49B832Y |
24.000 .Eur |
15,00 |
|
|
M.c. Di Manucci Alessandra E C. S.a.s. |
01013160450 |
40.000 .Eur |
25,00 |
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 |
|
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 |
|
Dorsale |
, 54 |
- 54100 |
- Massa |
(MS) |
- IT - |
|
TELEX |
: 590011 |
|
PHONE |
: 0585792792 |
|
- |
Branch |
(Store) |
since 24/11/1997 |
until 03/03/2000 |
|
Don Angelo Ferrari |
- 37010 |
- Sant'Ambrogio di Valpolicella |
(VR) |
- IT - |
|
PHONE |
: 0456862374 |
|
- |
Branch |
since 10/02/2014 |
|
Martiri Di Cefalonia |
, 33 |
- 54100 |
- Massa |
(MS) |
- IT - |
|
- |
Branch |
since 10/02/2014 |
|
Martiri Di Cefalonia |
, 37 |
- 54100 |
- Massa |
(MS) |
- IT - |
|
Employees |
: 12 |
|
Assistants |
: 4 |
|
Fittings and Equipment for a value of 140.000 |
Eur |
|
Stocks for a value of 340.000 |
Eur |
The firm operates abroad as importer / exporter..
Export represents up to 20% of the global turnover.
Products abroad are placed by :
|
- importers |
|
- its own agents |
|
- direct orders from foreign companies |
Export is mainly towards:
|
- Gabon |
|
- Austria |
|
- Italy |
|
- Ireland |
Historical Information and/or Firm's Status
EX-MEMBERS / EX-POSITIONS:
|
Ricci |
Antonella |
|
|
Born in Carrara |
(MS) |
on 10/06/1960 |
- Fiscal Code : RCCNNL60H50B832V |
|
|
Residence: |
Bonascola |
, 86/C |
- 54033 |
Carrara |
(MS) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
|
Manucci |
Alessandra |
|
|
Born in La Spezia |
(SP) |
on 28/04/1977 |
- Fiscal Code : MNCLSN77D68E463Y |
|
|
Residence: |
Pistoia |
, 5 |
- 54100 |
Massa |
(MS) |
- IT - |
|
Ex-Postions |
|
Director |
|
Ciani |
Carlo Augusto |
|
|
Born in Massa |
(MS) |
on 16/03/1940 |
- Fiscal Code : CNICLG40C16F023Q |
|
|
Residence: |
Palestro |
, 33 |
- 54100 |
Massa |
(MS) |
- IT - |
|
Ex-Postions |
|
Director |
|
Dal Forno |
Alfonso |
|
|
Born in Tregnago |
(VR) |
on 11/05/1936 |
- Fiscal Code : DLFLNS36E11L364G |
|
|
Residence: |
Vecchia Romana |
, 9 |
- 54038 |
Montignoso |
(MS) |
- IT - |
|
Ex-Postions |
|
Director |
|
M.c. Di Manucci Alessandra E C. S.a.s. |
|
- Fiscal Code : 01013160450 |
|
Ex-Postions |
|
Partner |
|
Rosini |
Maurizio |
|
|
Born in Carrara |
(MS) |
on 22/05/1961 |
- Fiscal Code : RSNMRZ61E22B832V |
|
|
Residence: |
M. D'azeglio |
- 54033 |
Carrara |
(MS) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
Corsini |
Mimo |
|
|
Born in Carrara |
(MS) |
on 07/05/1954 |
- Fiscal Code : CRSMMI54E07B832N |
|
|
Residence: |
Fiorino |
, 12/A |
- 54033 |
Carrara |
(MS) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
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 1967.
The economic-financial analysis has been made on the base of the b/s of
the latests three years.
During the last years, it achieved profits (r.o.e. 14,73% on 2013)
The return on Investment in the last financial year was positive (10,4%)
and in line with the sector's average.
The amount of the operating result for the year 2013 is of Eur. 517.919
increasing if compared to the yeart 2012.
The G.O.M. amounted to Eur. 678.442 growing by 56,13% if compared to the
year before.
Very good financial situation: shareholder's equity covers short-terms
debts with an indebtedness level equal to 0,96 and with an upward trend
compared to the previous year.
The equity capital is equal to Eur. 1.841.155 on the same levels as the
year before.
In the year 2013 total debts amounted to Eur. 2.787.662 showing a stable
trend as opposed to 2012 (Eur. 3.073.156).
Financial debts exposure is under control while the recourse to
commercial credit is rather frequent but lined up with the field's average.
Liquidity is good (1,45)
Due from customers average term is high and equal to 137,89 days. but in
line with the sector.
The financial management generated a cash flow of Eur. 431.699.
Labour cost expenses amount to Eur. 471.811 , representing 8,47% on the
total of production costs. and a 8,29% incidence on sales volumes.
The financial management has a limited economic impact, equal to -1,47%
on the sales.
Financial Data
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.690.916 |
|
Profit (Loss) for the period |
271.176 |
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.619.004 |
|
Profit (Loss) for the period |
60.604 |
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.296.987 |
|
Profit (Loss) for the period |
183.017 |
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.730.769 |
|
Profit (Loss) for the period |
153.906 |
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.577.567 |
|
Profit (Loss) for the period |
139.385 |
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 31/12/2013 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet as at 31/12/2012 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet as at 31/12/2011 - 12 Mesi - Currency: - Amounts x 1 |
|
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|
RATIOS
|
Value Type |
as at 31/12/2013 |
as at 31/12/2012 |
as at 31/12/2011 |
Sector Average |
|
|
COMPOSITION ON
INVESTMENT |
|||||
|
Rigidity Ratio |
Units |
0,38 |
0,38 |
0,46 |
0,17 |
|
Elasticity Ratio |
Units |
0,62 |
0,61 |
0,54 |
0,80 |
|
Availability of stock |
Units |
0,07 |
0,07 |
0,06 |
0,27 |
|
Total Liquidity Ratio |
Units |
0,55 |
0,55 |
0,48 |
0,50 |
|
Quick Ratio |
Units |
0,07 |
0,07 |
0,01 |
0,03 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
0,96 |
1,22 |
1,34 |
3,14 |
|
Self Financing Ratio |
Units |
0,37 |
0,33 |
0,32 |
0,19 |
|
Capital protection Ratio |
Units |
0,77 |
0,87 |
0,80 |
0,68 |
|
Liabilities consolidation quotient |
Units |
0,40 |
0,36 |
0,49 |
0,18 |
|
Financing |
Units |
1,51 |
1,84 |
1,96 |
3,79 |
|
Permanent Indebtedness Ratio |
Units |
0,54 |
0,49 |
0,53 |
0,34 |
|
M/L term Debts Ratio |
Units |
0,17 |
0,17 |
0,21 |
0,09 |
|
Net Financial Indebtedness Ratio |
Units |
0,38 |
n.c. |
n.c. |
0,77 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,42 |
1,29 |
1,16 |
1,75 |
|
Current ratio |
Units |
1,45 |
1,30 |
1,24 |
1,23 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,29 |
1,16 |
1,11 |
0,78 |
|
Structure's primary quotient |
Units |
0,97 |
0,85 |
0,69 |
1,04 |
|
Treasury's primary quotient |
Units |
0,17 |
0,15 |
0,03 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
270,54 |
305,70 |
316,61 |
518,96 |
|
Current Capital ( net ) |
Value |
951.958 |
727.421 |
555.398 |
406.983 |
|
RETURN |
|||||
|
Return on Sales |
% |
7,59 |
3,71 |
5,40 |
3,69 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
14,73 |
3,63 |
10,71 |
5,16 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
22,89 |
8,74 |
12,11 |
17,72 |
|
Return on Investment ( R.O.I. ) |
% |
10,40 |
4,88 |
4,41 |
3,94 |
|
Return/ Sales |
% |
9,10 |
3,77 |
3,79 |
4,48 |
|
Extra Management revenues/charges incid. |
% |
52,36 |
24,31 |
76,62 |
26,52 |
|
Cash Flow |
Value |
431.699 |
245.855 |
339.727 |
142.024 |
|
Operating Profit |
Value |
517.919 |
249.266 |
238.859 |
126.602 |
|
Gross Operating Margin |
Value |
678.442 |
434.517 |
395.569 |
241.461 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
137,89 |
n.c. |
n.c. |
116,01 |
|
Debts to suppliers average term |
Days |
113,33 |
n.c. |
n.c. |
127,79 |
|
Average stock waiting period |
Days |
21,31 |
18,38 |
17,56 |
96,89 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,14 |
1,30 |
1,16 |
1,03 |
|
Rate of stock return |
Units |
16,90 |
19,59 |
20,50 |
3,58 |
|
Labour cost incidence |
% |
8,29 |
6,86 |
6,77 |
21,20 |
|
Net financial revenues/ charges incidence |
% |
-1,47 |
-1,43 |
-1,00 |
-1,00 |
|
Labour cost on purchasing expenses |
% |
8,47 |
6,61 |
6,71 |
20,95 |
|
Short-term financing charges |
% |
3,03 |
3,15 |
2,19 |
2,70 |
|
Capital on hand |
% |
87,53 |
77,13 |
85,95 |
96,90 |
|
Sales pro employee |
Value |
406.494 |
472.786 |
484.383 |
191.520 |
|
Labour cost pro employee |
Value |
33.700 |
32.442 |
32.805 |
39.641 |
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 45 significant companies.
The companies cash their credits on an average of 116 dd.
The average duration of suppliers debts is about 128 dd.
The sector's profitability is on an average of 3,69%.
The labour cost affects the turnover in the measure of 21,20%.
Goods are held in stock in a range of 97 dd.
The difference between the sales volume and the resources used to
realize it is about 1,03.
The employees costs represent the 20,95% 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 1.432.
The insolvency index for the region is 0,70, , while for the province it
is 0,72.
Total Bankrupt companies in the province : 1.056.
Total Bankrupt companies in the region : 20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.18 |
|
|
1 |
Rs.95.70 |
|
Euro |
1 |
Rs.70.75 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.