|
Report No. : |
334475 |
|
Report Date : |
30.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
CORBETTA F.LLI S.R.L. |
|
|
|
|
Registered Office : |
Via Per Cantu', 27, 22060 – Cucciago (CO) -IT- |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
22.04.1996 |
|
|
|
|
Legal Form : |
Sole-Member Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of Wood, Semi-Finished in Wood and Artificial Wood |
|
|
|
|
No. of Employees : |
From 1 to 5 |
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 |
CORBETTA F.LLI S.R.L.
Via Per Cantu', 27
22060 – Cucciago (CO) -IT-
|
Fiscal Code |
: |
02158200135 |
|
Legal Form |
: |
Sole-Member Limited Liability Company |
|
start of Activities |
: |
22/04/1996 |
|
Equity |
: |
500.000 |
|
Turnover Range |
: |
250.000/375.000 |
|
Number of Employees |
: |
from 1 to 5 |
Wholesale of wood, semi-finished in wood and artificial wood
Legal Form : Sole-Member Limited Liability Company
|
Fiscal Code : 02158200135 |
|
Chamber of Commerce no. : 244105 of Como since 12/01/1995 |
|
Firms' Register : 31099 of Como |
|
V.A.T. Code : 02158200135 |
|
R. E. C. no. : 52898 of Como since 22/04/1996 |
|
Foundation date |
: 18/11/1994 |
|
|
Establishment date |
: 18/11/1994 |
|
|
Start of Activities |
: 22/04/1996 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 10.400 |
|
|
Subscribed Capital |
: 10.400 |
|
|
Paid up Capital |
: 10.400 |
|
|
Legal mail : |
CORBETTAVENEERS@PEC.CORBETTAVENEERS.COM |
|
|
Corbetta |
Mario |
|
|
|
Born in Como |
(CO) |
on 25/07/1960 |
- Fiscal Code : CRBMRA60L25C933F |
|
|
|
Residence: |
|
Ugo Ricci |
, 40 |
- 22063 |
Cantu' |
(CO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
12/03/2012 |
|
|
|
Board Chairman |
15/06/2015 |
|
|
|
Managing Director |
15/06/2015 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Corbetta |
Luca |
|
|
|
Born in Cantu' |
(CO) |
on 15/06/1987 |
- Fiscal Code : CRBLCU87H15B639Z |
|
|
|
Residence: |
|
U. Ricci |
, 40 |
- 22063 |
Cantu' |
(CO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
15/06/2015 |
|
|
|
Managing Director |
15/06/2015 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Corbetta |
Andrea |
|
|
|
Born in Como |
(CO) |
on 09/05/1984 |
- Fiscal Code : CRBNDR84E09C933P |
|
|
|
Residence: |
|
S. Vincenzo |
, 2 |
- 22063 |
Cantu' |
(CO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
15/06/2015 |
|
|
|
Managing Director |
15/06/2015 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Corbetta Mario |
|
|
|
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
|
|
|
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.
|
|
Corbetta |
Mario |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Corbetta Fratelli S.n.c. Di Corbetta
Mario E C. |
Cucciago (CO) - IT - |
00195890132 |
Responsible |
Active |
Registered |
|
Corbetta Fratelli S.n.c. Di Corbetta
Mario E C. |
Cucciago (CO) - IT - |
00195890132 |
Partner |
Active |
Registered |
|
Hotel Menaggio S.r.l. |
Cantu' (CO) - IT - |
00432950145 |
Director |
Active |
Registered |
|
|
Corbetta |
Luca |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Corbetta Fratelli S.n.c. Di Corbetta
Mario E C. |
Cucciago (CO) - IT - |
00195890132 |
Partner |
Active |
Registered |
|
|
Corbetta |
Andrea |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Corbetta Fratelli S.n.c. Di Corbetta
Mario E C. |
Cucciago (CO) - IT - |
00195890132 |
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.
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Corbetta Mario |
Cantu' - IT - |
CRBMRA60L25C933F |
|
100,00 |
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 |
|
|
|
|
|
|
|
Per Cantu' |
, 27 |
- 22060 |
- Cucciago |
(CO) |
- IT - |
|
|
|
|
PHONE |
: 031787027 |
|
|
|
|
Legal mail |
: CORBETTAVENEERS@PEC.CORBETTAVENEERS.COM |
|
Stocks for a value of 570.000 |
Eur |
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.
None reported, standing to the latest received edition of the Official
Publications.
Company's starting of activities dates back to 1996.
An eco-fin analysis has been made on the base od
the b/s fo the years 2012, 2013 and 2014.
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 6,24% in 2014 and with an
upward trend in turnover trend during the last financial year (+18,3% in 2014).
The operating result was positive in the last financial year (3,03%)
falling within the field's average.
The amount of the operating result is equal to Eur.
21.507 increasing if compared to the yeart 2013.
During the latest financial year the gross operating margin amounted to Eur. 27.241 showing a more then 100% growth.
Very good financial situation: shareholder's equity covers short-terms
debts with an indebtedness level equal to 0,48
Subject can manage an equity capital funds for an amount of Eur. 405.266 , stable in comparison with the value of the
previous year.
The company does not exceed in bank borrowings; the recourse to
suppliers' credit is also limited which is also lower than the sector average.
The management determines a good range of liquidity.
Credits are collected in 45,85 days on the average. , a better value
than the sector's average.
2014 financial year closed with a cash flow of Eur.
31.028
Limited financial charges in relation to sales volume.
|
|
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
366.517 |
|
Profit (Loss) for the period |
25.294 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
309.794 |
|
Profit (Loss) for the period |
3.698 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
364.597 |
|
Profit (Loss) for the period |
2.632 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
269.711 |
|
Profit (Loss) for the period |
8.414 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
138.625 |
|
Profit (Loss) for the period |
7.434 |
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 |
0,04 |
0,02 |
0,02 |
0,11 |
|
Elasticity Ratio |
Units |
0,96 |
0,97 |
0,97 |
0,87 |
|
Availability of stock |
Units |
0,80 |
0,75 |
0,68 |
0,22 |
|
Total Liquidity Ratio |
Units |
0,16 |
0,22 |
0,29 |
0,56 |
|
Quick Ratio |
Units |
0,06 |
0,20 |
0,17 |
0,02 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
0,48 |
n.c. |
n.c. |
3,81 |
|
Self Financing Ratio |
Units |
0,57 |
0,57 |
0,55 |
0,17 |
|
Capital protection Ratio |
Units |
0,91 |
0,96 |
0,96 |
0,65 |
|
Liabilities consolidation quotient |
Units |
n.c. |
2,06 |
1,12 |
0,12 |
|
Financing |
Units |
0,56 |
0,58 |
0,64 |
4,72 |
|
Permanent Indebtedness Ratio |
Units |
0,55 |
0,79 |
0,73 |
0,30 |
|
M/L term Debts Ratio |
Units |
n.c. |
0,22 |
0,19 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
0,26 |
n.c. |
n.c. |
1,28 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
15,64 |
48,41 |
43,19 |
2,06 |
|
Current ratio |
Units |
2,82 |
9,08 |
5,88 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,47 |
2,09 |
1,76 |
0,84 |
|
Structure's primary quotient |
Units |
16,14 |
34,88 |
32,29 |
1,28 |
|
Treasury's primary quotient |
Units |
0,19 |
1,84 |
1,02 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
174,93 |
175,87 |
182,14 |
591,61 |
|
Current Capital ( net ) |
Value |
439.539 |
580.843 |
515.426 |
219.071 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
8,47 |
1,81 |
4,07 |
2,22 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
6,24 |
0,97 |
0,75 |
6,27 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
7,76 |
2,18 |
1,86 |
15,95 |
|
Return on Investment ( R.O.I. ) |
% |
3,03 |
1,31 |
1,15 |
4,19 |
|
Return/ Sales |
% |
5,87 |
2,84 |
2,01 |
3,42 |
|
Extra Management revenues/charges incid. |
% |
117,61 |
42,06 |
35,87 |
29,26 |
|
Cash Flow |
Value |
31.028 |
5.607 |
14.829 |
61.669 |
|
Operating Profit |
Value |
21.507 |
8.793 |
7.338 |
95.558 |
|
Gross Operating Margin |
Value |
27.241 |
10.702 |
19.535 |
144.934 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
45,85 |
n.c. |
n.c. |
120,94 |
|
Debts to suppliers average term |
Days |
53,88 |
n.c. |
n.c. |
120,04 |
|
Average stock waiting period |
Days |
556,86 |
583,70 |
429,43 |
61,92 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,52 |
0,46 |
0,57 |
1,27 |
|
Rate of stock return |
Units |
0,65 |
0,62 |
0,84 |
5,74 |
|
Labour cost incidence |
% |
n.c. |
1,70 |
1,43 |
7,77 |
|
Net financial revenues/ charges incidence |
% |
-0,28 |
-0,15 |
-0,22 |
-1,26 |
|
Labour cost on purchasing expenses |
% |
n.c. |
1,38 |
1,35 |
7,90 |
|
Short-term financing charges |
% |
0,49 |
0,30 |
0,44 |
2,67 |
|
Capital on hand |
% |
193,43 |
216,76 |
175,57 |
78,39 |
|
Sales pro employee |
Value |
|
|
|
437.713 |
|
Labour cost pro employee |
Value |
|
|
|
33.928 |
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.
|
Population living in the province |
: |
560.941 |
|
Population living in the region |
: |
9.393.092 |
|
Number of families in the region |
: |
3.858.736 |
Monthly family expences average in the region
(in Eur..) :
|
- per food products |
: |
460 |
|
- per non food products |
: |
2.090 |
|
- per energy consume |
: |
114 |
The values are calculated on a base of 6.137 significant companies.
The companies cash their credits on an average of 121 dd.
The average duration of suppliers debts is about 120 dd.
The sector's profitability is on an average of 2,22%.
The labour cost affects the turnover in the
measure of 7,77%.
Goods are held in stock in a range of 62 dd.
The difference between the sales volume and the resources used to
realize it is about 1,27.
The employees costs represent the 7,90% of the production costs.
Statistcally the trade activity shows periods of crisis.
The area is statistically considered moderately risky.
In the region 50.886 protested subjects are found; in the province they
count to 3.842.
The insolvency index for the region is 0,55, , while for the province it
is 0,70.
Total Bankrupt companies in the province : 2.010.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.89 |
|
|
1 |
Rs.99.71 |
|
Euro |
1 |
Rs.70.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.