|
Report No. : |
333260 |
|
Report Date : |
25.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
TRANSTADIO S.P.A. |
|
|
|
|
Registered Office : |
Via Nicolo' Machiavelli, 13 20831 – Seregno (MB) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
07.06.1960 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Subject
is engaged in manufacture of wood and of wooden and cork products (except
furniture); manufacture of articles in straw and plaiting materials |
|
|
|
|
No. of Employee : |
From 1 to 5 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
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 |
TRANSTADIO
S.P.A.
Via Nicolo' Machiavelli, 13
20831
– Seregno (MB) -IT-
|
Fiscal
Code |
: |
00686100157 |
|
Legal
Form |
: |
Joint
stock company |
|
start
of Activities |
: |
07/06/1960 |
|
Equity |
: |
2.500.000 |
|
Turnover
Range |
: |
25.000/35.000 |
|
Number
of Employees |
: |
from
1 to 5 |
MANUFACTURE
OF WOOD AND OF WOODEN AND CORK PRODUCTS (EXCEPT FURNITUR
E);
MANUFACTURE OF ARTICLES IN STRAW AND PLAITING MATERIALS
Manufacture
of products in wood, cork, straw and plaiting materials
Legal
Form : Joint stock company
|
Fiscal
Code : 00686100157 |
|
Foreign
Trade Reg. no. : MB003387 since 12/12/1991 |
|
Foreign
Trade Reg. no. : 34740 of Milano since 12/12/1991 |
|
Chamber
of Commerce no. : 566595 of Monza e Brianza since 20/07/2007 |
|
Firms'
Register : MI149-3376 of Milano since 19/02/1996 |
|
V.A.T.
Code : 00688190966 |
|
Foundation
date |
:
07/06/1960 |
|
|
Establishment
date |
:
07/06/1960 |
|
|
Start
of Activities |
:
07/06/1960 |
|
|
Legal
duration |
:
31/12/1985 |
|
|
Nominal
Capital |
:
109.200 |
|
|
Subscribed
Capital |
:
109.200 |
|
|
Paid
up Capital |
:
109.200 |
|
Legal
mail : |
TSSPA@LEGALMAIL.IT |
|
|
Colombo |
Sergio |
|
|
Born
in Seregno |
(MB) |
on
31/05/1939 |
-
Fiscal Code : CLMSRG39E31I625C |
|
|
Residence: |
Regina
Margherita |
,
11 |
-
20052 |
Monza |
(MB) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
|||
|
Sole
Director |
27/06/2014 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
*checkings
have been performed on a national scale.
In
this module are listed the companies in which members hold or have holded
positions.
|
|
Colombo |
Sergio |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
La
Solidale S.r.l. |
Monza
(MB) - IT - |
04040120158 |
Director |
Active |
Registered |
|
La
Solidale S.r.l. |
Monza
(MB) - IT - |
04040120158 |
Managing
Director |
Active |
Registered |
|
Vero
Legno Soc.coop.consortile Per Azioni |
Mariano
Comense (CO) - IT - |
02633270968 |
Director |
Active |
Registered |
|
Vero
Legno Soc.coop.consortile Per Azioni |
Mariano
Comense (CO) - IT - |
02633270968 |
Board
Chairman |
Withdrawn |
Registered |
|
Confidi
Province Lombarde - Societa' Cooperativa Di Garanzia Coll Ettiva Dei Fid |
Milano
(MI) - IT - |
80149870158 |
Director |
Withdrawn |
Merged |
|
I
Rododendri S.r.l. |
Seregno
(MB) - IT - |
02082860137 |
Director |
Withdrawn |
Registered |
|
Praevidentia
S.r.l. |
Monza
(MB) - IT - |
03574550152 |
Director |
Withdrawn |
Registered |
|
Cricar
Di Daelli Annamaria Societa' Semplice |
Monza
(MB) - IT - |
08140350151 |
Partner |
Active |
Registered |
|
Federlegno
Arredo Eventi S.p.a. |
Milano
(MI) - IT - |
06987590152 |
Director |
Active |
Registered |
|
Confidi
Province Lombarde - Societa' CooPerativa Di Garanzia Coll Ettiva Dei Fid |
Milano
(MI) - IT - |
05275090966 |
Director |
Withdrawn |
Registered |
|
Associazione
Cancro Primo Aiuto Onlus |
Monza
(MB) - IT - |
02822170961 |
Director |
Active |
Registered |
|
Immobiliare
Dar Srl |
Seregno
(MB) - IT - |
05523820966 |
Director |
Active |
Registered |
|
Immobiliare
Dar Srl |
Seregno
(MB) - IT - |
05523820966 |
Board
Chairman |
Active |
Registered |
|
Start
Up Trading S.r.l. |
Lissone
(MB) - IT - |
08895370966 |
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.
Shareholders'
list as at date of data collection:
|
Firm's
Style / Name |
Seat
/ Residence |
Fiscal
Code |
Owned
Shares |
%
Ownership |
|
Colombo
Sergio |
Monza
- IT - |
CLMSRG39E31I625C |
72.803
.Eur |
66,67 |
|
Brugola
Angelo |
Macherio
- IT - |
BRGNGL63C11F704W |
4.553
.Eur |
4,17 |
|
Lepri
Liliana |
LPRLLN39C41F839Y |
4.553
.Eur |
4,17 |
|
|
Brugola
Grazia |
BRGGRZ60L59F704R |
4.553
.Eur |
4,17 |
|
|
Brugola
Valeria |
BRGVLR71E44F704P |
4.553
.Eur |
4,17 |
|
|
Brugola
Giampaolo |
Lissone
- IT - |
BRGGPL37L29E617A |
18.185
.Eur |
16,67 |
The
Company under review has no participations in other Companies.
In
order to carry out its activities the firm uses the following locations:
|
- |
Legal
and operative seat |
since
07/06/1960 |
|
Nicolo'
Machiavelli |
,
13 |
-
20038 |
-
Seregno |
(MB) |
-
IT - |
|
PHONE |
:
0362239158 |
|
PHONE |
:
03622391 |
|
FAX |
:
036223915 |
|
FAX |
:
0362224072 |
|
Legal
mail |
:
TSSPA@LEGALMAIL.IT |
|||||
|
Employees |
:
1 |
|||||
|
Fittings
and Equipment for a value of 13.000 |
Eur |
|
Stocks
for a value of 32.000 |
Eur |
|
Vehicles:
1. |
The
firm operates abroad as importer / exporter..
Export
represents from 20% to 50% of the global turnover.
Products
abroad are placed by :
|
-
its own foreign branches |
|
-
direct orders from foreign companies |
Export
is mainly towards:
|
-
Italy |
|
-
France |
|
-
Greece |
CHANGES
TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
General partnership |
Joint stock company |
28/04/1995 |
Protests checking on the subject firm has given a negative result.
Search
performed on a National Scale
|
|
Prejudicial
Events Search Result: NEGATIVE |
Search
performed on a specialized data base.
None
reported, standing to the latest received edition of the Official Publications.
Financial
and Economical Analysis
Company's
starting of activities dates back to 1960.
The
eonomic-financial analysis is based on the latest 3 b/s.
Under
the financial profile unstable results are noted. with a loss in the last
financial year. The turnover is falling if compared with the previous financial
year (eamp;FAT1eamp;%).
A
loss is registered as to the operating result (-4,02%).
the
operating loss amounts to Eur. -174.080.
With
regard to GOM, subject closed 2013 financial account with a negative result
(Eur. -68.633).
Very
good financial situation: shareholder's equity covers short-terms debts with an
indebtedness level equal to 0,83 increasing compared to last year (0,81)
With
regard to equity capital, an amount of Eur. 2.105.961 is registered. ,
unchanged if compared to 2012.
Total
debts (both short and M/L term) equals Eur. 1.753.083, showing a stable trend
as opposed to 2012 (Eur. 1.946.365).
The
recourse to financial credit is within the limits; on the other hand the
recourse to suppliers' credit is rated as fairly high besides being higher than
sector's average.
Even
liquidity is rather modest.
Trade
credits are collected slowly, average term is 5139,92 days. and higher than the
average of the sector.
A
negative cash flow marked the year 2013 totalling Eur. -107.760.
Labour
cost expenses amount to Eur. 80 , representing 0,02% on the total of production
costs. , with a 0,27% incidence on turnover.
Financial
charges have a high incidence (-135,24%) on turnover figures.
|
|
Complete
balance-sheet for the year |
al
31/12/2013 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
29.973 |
|
Profit
(Loss) for the period |
-213.207 |
|
|
Complete
balance-sheet for the year |
al
31/12/2012 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
55.764 |
|
Profit
(Loss) for the period |
-119.014 |
|
|
Complete
balance-sheet for the year |
al
31/12/2011 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
3.224.066 |
|
Profit
(Loss) for the period |
76.630 |
|
|
Complete
balance-sheet for the year |
al
31/12/2010 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
5.469.217 |
|
Profit
(Loss) for the period |
-709.212 |
|
|
Complete
balance-sheet for the year |
al
31/12/2009 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
7.634.239 |
|
Profit
(Loss) for the period |
11.953 |
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 |
0,78 |
0,73 |
0,60 |
0,32 |
|
Elasticity
Ratio |
Units |
0,22 |
0,27 |
0,40 |
0,65 |
|
Availability
of stock |
Units |
0,01 |
0,01 |
0,02 |
0,24 |
|
Total
Liquidity Ratio |
Units |
0,22 |
0,26 |
0,38 |
0,37 |
|
Quick
Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,01 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net
Short-term indebtedness |
Units |
0,83 |
0,81 |
0,40 |
1,32 |
|
Self
Financing Ratio |
Units |
0,49 |
0,51 |
0,45 |
0,30 |
|
Capital
protection Ratio |
Units |
1,15 |
1,05 |
0,93 |
0,87 |
|
Liabilities
consolidation quotient |
Units |
n.c. |
n.c. |
1,73 |
0,34 |
|
Financing |
Units |
0,83 |
0,81 |
1,05 |
1,99 |
|
Permanent
Indebtedness Ratio |
Units |
0,49 |
0,51 |
0,77 |
0,52 |
|
M/L
term Debts Ratio |
Units |
n.c. |
n.c. |
0,32 |
0,17 |
|
Net
Financial Indebtedness Ratio |
Units |
0,76 |
0,74 |
0,75 |
1,78 |
|
CORRELATION |
|||||
|
Fixed
assets ratio |
Units |
0,63 |
0,70 |
1,28 |
1,48 |
|
Current
ratio |
Units |
0,55 |
0,66 |
2,19 |
1,40 |
|
Acid
Test Ratio-Liquidity Ratio |
Units |
0,53 |
0,63 |
2,09 |
0,78 |
|
Structure's
primary quotient |
Units |
0,63 |
0,70 |
0,75 |
0,92 |
|
Treasury's
primary quotient |
Units |
0,00 |
0,00 |
0,00 |
0,02 |
|
Rate
of indebtedness ( Leverage ) |
% |
205,56 |
196,82 |
221,19 |
333,33 |
|
Current
Capital ( net ) |
Value |
-785.986 |
-660.966 |
1.292.201 |
1.317.444 |
|
RETURN |
|||||
|
Return
on Sales |
% |
-359,52 |
-22,43 |
5,85 |
1,76 |
|
Return
on Equity - Net- ( R.O.E. ) |
% |
-10,12 |
-4,93 |
2,85 |
0,93 |
|
Return
on Equity - Gross - ( R.O.E. ) |
% |
-10,19 |
-6,74 |
5,28 |
4,28 |
|
Return
on Investment ( R.O.I. ) |
% |
-4,02 |
-2,60 |
5,01 |
3,01 |
|
Return/
Sales |
% |
-580,79 |
-221,46 |
9,25 |
3,31 |
|
Extra
Management revenues/charges incid. |
% |
n.c. |
n.c. |
25,70 |
12,47 |
|
Cash
Flow |
Value |
-107.760 |
-12.509 |
188.580 |
91.270 |
|
Operating
Profit |
Value |
-174.080 |
-123.497 |
298.161 |
278.972 |
|
Gross
Operating Margin |
Value |
-68.633 |
-16.992 |
410.111 |
376.219 |
|
MANAGEMENT |
|||||
|
Credits
to clients average term |
Days |
5139,92 |
4077,66 |
178,55 |
109,99 |
|
Debts
to suppliers average term |
Days |
1530,13 |
1241,27 |
300,22 |
107,37 |
|
Average
stock waiting period |
Days |
386,40 |
420,37 |
12,24 |
94,76 |
|
Rate
of capital employed return ( Turnover ) |
Units |
0,01 |
0,01 |
0,54 |
0,90 |
|
Rate
of stock return |
Units |
0,93 |
0,86 |
29,41 |
3,79 |
|
Labour
cost incidence |
% |
0,27 |
60,44 |
13,29 |
11,82 |
|
Net
financial revenues/ charges incidence |
% |
-135,24 |
-83,38 |
-4,85 |
-2,69 |
|
Labour
cost on purchasing expenses |
% |
0,02 |
13,12 |
26,78 |
11,85 |
|
Short-term
financing charges |
% |
2,32 |
3,06 |
5,61 |
3,69 |
|
Capital
on hand |
% |
14443,27 |
8518,05 |
184,53 |
110,54 |
|
Sales
pro employee |
Value |
55.764 |
248.005 |
261.393 |
|
|
Labour
cost pro employee |
Value |
33.702 |
32.965 |
32.182 |
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.
Our
Company collects data from public registers, lists, archives or contained in
Acts and/or documents (held by the National Chamber of Commerce or Immovables
Territorial Agency), users, reporters or however generally accessible (for
example, from categorical lists, statistical institutes, press reports and from
public inspection internet sites).
|
Population
living in the province |
: |
9.393.092 |
|
Population
living in the region |
: |
0 |
|
Number
of families in the region |
: |
0 |
Monthly
family expences average in the region (in .) :
|
-
per food products |
: |
0 |
|
-
per non food products |
: |
0 |
|
-
per energy consume |
: |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.89 |
|
|
1 |
Rs.99.10 |
|
Euro |
1 |
Rs.70.12 |
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.