MIRA INFORM REPORT
|
Report No. : |
331752 |
|
Report Date : |
11.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
I.C.M. S.P.A. |
|
|
|
|
Registered Office : |
Via Ss. Rocco E Matteo, 17 Maron, 33070 – Brugnera (PN) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
16.05.1967 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
· Manufacture of Veneer Sheets and Wood-Based Panels · Manufacture of Spare Parts and Accessories for Furniture |
|
|
|
|
No. of Employees : |
From 51 to 70 |
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 and address
I.C.M. S.P.A.
Via Ss.
Rocco E Matteo, 17 MARON
33070 - Brugnera (PN) -IT-
Summary
|
Fiscal
Code |
: |
00070980933 |
|
Legal
Form |
: |
Joint
stock company |
|
start
of Activities |
: |
16/05/1967 |
|
Equity |
: |
Over
2.582.254 |
|
Turnover
Range |
: |
12.750.000/15.500.000
|
|
Number
of Employees |
: |
from
51 to 70 |
Activity
Manufacture
of veneer sheets and wood-based panels
Manufacture
of spare parts and accessories for furniture
Legal
Data
Legal
Form : Joint stock company
|
Fiscal
Code : 00070980933 |
|
Foreign
Trade Reg. no. : PN014262 since 22/05/1997 |
|
Chamber
of Commerce no. : 11073 of Pordenone since 08/06/1967 |
|
Firms'
Register : PN033-1418 of Pordenone since 19/02/1996 |
|
V.A.T.
Code : 00070980933 |
|
Tribunal
Co. Register : 1418 of since 05/06/1967 |
|
Foundation
date |
:
16/05/1967 |
|
Establishment
date |
:
16/05/1967 |
|
Start
of Activities |
:
16/05/1967 |
|
Legal
duration |
:
31/12/2050 |
|
Nominal
Capital |
:
5.700.000 |
|
Subscribed
Capital |
:
5.700.000 |
|
Paid
up Capital |
:
5.700.000 |
|
Legal
mail : |
ICMCOMPONENTS@LEGALMAIL.IT |
Members
|
|
Silvestrin |
Bruno |
|
|
Born
in Prata di Pordenone |
(PN) |
on
18/10/1945 |
-
Fiscal Code : SLVBRN45R18G994M |
|
|
Residence: |
Zoppat |
,
15 |
-
33070 |
Brugnera |
(PN) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Managing
Director |
29/06/2013 |
||
|
Director |
29/06/2013 |
||
|
Board
Chairman |
29/06/2013 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Chinazzi |
Elzeario |
|
|
Born
in Vazzola |
(TV) |
on
26/01/1955 |
-
Fiscal Code : CHNLZR55A26L700S |
|
|
Residence: |
Altinate |
,
46 |
-
31046 |
Oderzo |
(TV) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
29/06/2013 |
|
|
Mattiuzzo |
Roberto |
|
|
Born
in Motta di Livenza |
(TV) |
on
11/02/1966 |
-
Fiscal Code : MTTRRT66B11F770R |
|
|
Residence: |
J.
Moda |
,
30 |
-
31046 |
Oderzo |
(TV) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
29/06/2013 |
||
|
Assistant
board Chairman |
29/06/2013 |
||
|
Managing
Director |
29/06/2013 |
|
|
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.
|
|
Silvestrin |
Bruno |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
P.r.
Imballaggi S.p.a. |
Motta
di Livenza (TV) - IT - |
00689600260 |
Director |
Active |
Registered |
|
P.r.
Imballaggi S.p.a. |
Motta
di Livenza (TV) - IT - |
00689600260 |
Managing
Director |
Withdrawn |
Registered |
|
Societa'
Grimani Di Silvestrin Bruno E C. - S.a.s. |
Brugnera
(PN) - IT - |
00571910934 |
General
Partner |
Withdrawn |
Ceased |
|
Silvestrin
Bruno |
Brugnera
(PN) - IT - |
SLVBRN45R18G994M |
Proprietor |
Active |
Registered |
|
Immobiliare
Anna - S.a.s. Di SilvestrinGino E C. |
Portogruaro
(VE) - IT - |
00705060275 |
General
Partner |
Withdrawn |
Ceased |
|
Sanisystem
S.r.l |
Pordenone
(PN) - IT - |
01422190932 |
Director |
Active |
Registered |
|
Sanisystem
Newage S.r.l. |
Pordenone
(PN) - IT - |
01784870931 |
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 |
|
Silvestrin
Bruno |
Brugnera
- IT - |
SLVBRN45R18G994M |
4.845.000
.Eur |
85,00 |
|
Mattiuzzo
Roberto |
Oderzo
- IT - |
MTTRRT66B11F770R |
741.000
.Eur |
13,00 |
|
Segatto
Simone |
SGTSMN74B10C957T |
114.000
.Eur |
2,00 |
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 |
|
Pordenone
Export |
Pordenone
- IT - |
00493330930 |
Active |
||||
|
Pordenone
Energia - Societa' Consortile Per Azioni |
Pordenone
- IT - |
01400720932 |
250
.Eur |
0,06 |
Active |
Firm's
location and structure
In
order to carry out its activities the firm uses the following locations:
|
- |
Legal
and operative seat |
|
Ss.
Rocco E Matteo |
,
17 |
-
33070 |
-
Brugnera |
(PN) |
-
IT - |
|
PHONE |
:
0434608205 |
|
PHONE |
:
0434628382 |
|
FAX |
:
0434608031 |
|
Email |
:
icm@icm-components.it |
|
Legal
mail |
:
ICMCOMPONENTS@LEGALMAIL.IT |
|
Employees |
:
51 |
|
Assistants |
:
1 |
|
Fittings
and Equipment for a value of 2.080.000 |
Eur |
|
Stocks
for a value of 4.850.000 |
Eur |
The
firm has a direct commercial organization
The
company sells in Italy and abroad.
The
company 's mainly customers are companies.
The
firm operates abroad as exporter..
Export
trade is the 30 % of the global turnover.
Subject
generally proposes terms of sale between 30 and 60 days.
Financial
means used for sale: bank transfers and bank orders.
Company
generally pays its suppliers within 30/90 days.
Main
used payment modalities are by cash orders and bank transfers.
Traded
Brands / Suppliers
|
-
Door 2000 Srl |
|
-
Imola Legno Spa |
|
-
Landoni Segatrici Industriali |
Historical Information and/or Firm's Status
CHANGES
TO THE LEGAL FORM:
|
Former
legal form |
New
legal form |
Changement
Date |
|
General
partnership |
Limited
liability company |
01/03/1993 |
COMPANY
STYLE MODIFICATIONS:
|
Former
Style |
New
Style |
Changement
Date |
|
Industria
Cornici Maron I.C.M. diSilvestrin Bruno e Lollo Elia Enrico Snc |
01/03/1993 |
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 |
|
Cassa
di Risp.del Friuli Venezia Giulia |
Via
Fossadelle 2 |
Brugnera |
06340 |
64790 |
||
|
BANCA
POP. FRIULADRIA SPA |
AGENZIA
DI BRUGNERA |
VIA
SANTISSIMA, 126/A |
33070 |
Brugnera
(PN) |
5336 |
64790 |
|
BANCA
DI CREDITO COOP.PORDENONESE |
BRUGNERA |
VIA
UNGARESCA, 4 |
33070 |
Brugnera
(PN) |
8356 |
64790 |
Financial
and Economical Analysis
The
company is active since 1967
The
eonomic-financial analysis is based on the latest 3 b/s.
During
the last years, it achieved profits (r.o.e. 0,83% on 2013)
The
return on Investment in the last financial year was positive (2,3%) falling
within the field's average.
The
amount of the operating result for the year 2013 is of Eur. 517.703 , with no
sizeable change as opposed to the year before.
The
gross operating margin of the latest financial year is of Eur. 1.300.274 ,with
no change if compared to the year before.
The
analysis shows a fair financial position as the indebtedness volume is
acceptable (2,38) and falling as against the previous year (2,62).
It's
shareholders funds amount to Eur. 5.028.034 on the same levels as the year
before.
During
the last financial year total debts volume reached Eur. 16.561.279 (Eur.
4.215.090 were m/l term ones) on the same levels as the year before.
The
recourse to bank credit is slightly high and also borrowings from suppliers appear
to be high, with an average payment period equal to 111,43 gg. however still
within the sector's average.
It
shows a good range of liquidity.
Trade
credits average terms are slow, on average 197,1 days. even if compared to the
average of the sector.
Eur.
824.231 is the value of cash flow during the year 2013
During
2013 financial year labour costs amounted to Eur. 2.192.533, with a 14,15%
incidence on production costs. , whereas the incidence of such costs on sales
revenues is equal to 14,62%.
The
incidence percentage of financial charges on sales volume is equal to -2,63%.
Financial
Data
|
|
Complete
balance-sheet for the year |
al
31/12/2013 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
14.994.232 |
|
Profit
(Loss) for the period |
41.660 |
|
|
Complete
balance-sheet for the year |
al
31/12/2012 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
16.801.122 |
|
Profit
(Loss) for the period |
87.838 |
|
|
Complete
balance-sheet for the year |
al
31/12/2011 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
18.681.068 |
|
Profit
(Loss) for the period |
98.113 |
|
|
Complete
balance-sheet for the year |
al
31/12/2010 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
18.283.089 |
|
Profit
(Loss) for the period |
41.155 |
|
|
Complete
balance-sheet for the year |
al
31/12/2009 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
16.629.679 |
|
Profit
(Loss) for the period |
118.570 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
0,41 |
0,39 |
0,25 |
|
Elasticity
Ratio |
Units |
0,62 |
0,59 |
0,61 |
0,72 |
|
Availability
of stock |
Units |
0,22 |
0,19 |
0,19 |
0,20 |
|
Total
Liquidity Ratio |
Units |
0,40 |
0,40 |
0,41 |
0,45 |
|
Quick
Ratio |
Units |
0,02 |
0,00 |
0,01 |
0,02 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net
Short-term indebtedness |
Units |
2,38 |
2,62 |
2,33 |
2,92 |
|
Self
Financing Ratio |
Units |
0,22 |
0,23 |
0,23 |
0,19 |
|
Capital
protection Ratio |
Units |
0,24 |
0,22 |
0,20 |
0,71 |
|
Liabilities
consolidation quotient |
Units |
0,38 |
0,26 |
0,34 |
0,22 |
|
Financing |
Units |
3,29 |
3,22 |
3,11 |
3,80 |
|
Permanent
Indebtedness Ratio |
Units |
0,43 |
0,38 |
0,42 |
0,38 |
|
M/L
term Debts Ratio |
Units |
0,21 |
0,16 |
0,19 |
0,12 |
|
Net
Financial Indebtedness Ratio |
Units |
2,35 |
2,23 |
1,97 |
0,97 |
|
CORRELATION |
|||||
|
Fixed
assets ratio |
Units |
1,14 |
0,93 |
1,08 |
1,26 |
|
Current
ratio |
Units |
1,13 |
0,99 |
1,08 |
1,13 |
|
Acid
Test Ratio-Liquidity Ratio |
Units |
0,74 |
0,67 |
0,74 |
0,75 |
|
Structure's
primary quotient |
Units |
0,59 |
0,55 |
0,60 |
0,76 |
|
Treasury's
primary quotient |
Units |
0,03 |
0,00 |
0,02 |
0,04 |
|
Rate
of indebtedness ( Leverage ) |
% |
448,55 |
440,43 |
426,53 |
515,14 |
|
Current
Capital ( net ) |
Value |
1.585.225 |
-171.273 |
986.422 |
177.926 |
|
RETURN |
|||||
|
Return
on Sales |
% |
5,50 |
5,04 |
4,64 |
2,74 |
|
Return
on Equity - Net- ( R.O.E. ) |
% |
0,83 |
1,76 |
2,00 |
1,67 |
|
Return
on Equity - Gross - ( R.O.E. ) |
% |
2,99 |
4,86 |
7,55 |
8,36 |
|
Return
on Investment ( R.O.I. ) |
% |
2,30 |
2,23 |
3,45 |
3,41 |
|
Return/
Sales |
% |
3,45 |
2,92 |
3,86 |
3,12 |
|
Extra
Management revenues/charges incid. |
% |
8,05 |
17,91 |
13,61 |
15,78 |
|
Cash
Flow |
Value |
824.231 |
846.249 |
867.073 |
76.501 |
|
Operating
Profit |
Value |
517.703 |
490.485 |
720.996 |
88.970 |
|
Gross
Operating Margin |
Value |
1.300.274 |
1.348.896 |
1.559.956 |
173.361 |
|
MANAGEMENT |
|||||
|
Credits
to clients average term |
Days |
197,10 |
177,00 |
156,14 |
100,31 |
|
Debts
to suppliers average term |
Days |
111,43 |
120,34 |
110,58 |
115,26 |
|
Average
stock waiting period |
Days |
116,52 |
89,14 |
77,79 |
67,16 |
|
Rate
of capital employed return ( Turnover ) |
Units |
0,66 |
0,77 |
0,89 |
1,08 |
|
Rate
of stock return |
Units |
3,09 |
4,04 |
4,63 |
5,32 |
|
Labour
cost incidence |
% |
14,62 |
12,94 |
11,52 |
17,27 |
|
Net
financial revenues/ charges incidence |
% |
-2,63 |
-1,94 |
-1,52 |
-1,88 |
|
Labour
cost on purchasing expenses |
% |
14,15 |
13,15 |
12,03 |
16,89 |
|
Short-term
financing charges |
% |
2,54 |
2,07 |
1,87 |
3,16 |
|
Capital
on hand |
% |
150,41 |
130,72 |
111,84 |
92,21 |
|
Sales
pro employee |
Value |
220.503 |
311.131 |
322.087 |
183.224 |
|
Labour
cost pro employee |
Value |
32.243 |
40.250 |
37.114 |
32.179 |
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 2.257 significant companies.
The
companies cash their credits on an average of 100 dd.
The
average duration of suppliers debts is about 115 dd.
The
sector's profitability is on an average of 2,74%.
The
labour cost affects the turnover in the measure of 17,27%.
Goods
are held in stock in a range of 67 dd.
The
difference between the sales volume and the resources used to realize it is
about 1,08.
The
employees costs represent the 16,89% of the production costs.
Statistical
Detrimental Data
Statistically
the trade activity passes through serious crises.
The
area is statistically considered lowly risky.
In
the region 3.901 protested subjects are found; in the province they count to
695.
The
insolvency index for the region is 0,33, , while for the province it is 0,24.
Total
Bankrupt companies in the province : 1.260.
Total
Bankrupt companies in the region : 5.085.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.38 |
|
|
1 |
Rs.97.65 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.