|
Report No. : |
325645 |
|
Report Date : |
10.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
BARTOLI SOCIETA' PER AZIONI |
|
|
|
|
Registered Office : |
Via Traversa Di Parezzana, 16 Carraia, 55012 - Capannori (LU) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
03.01.2000 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture of Paper and Cardboard. |
|
|
|
|
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 : |
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 |
A2 |
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 |
BARTOLI SOCIETA' PER AZIONI
Via Traversa Di Parezzana, 16 Carraia
55012 - Capannori (LU) -IT-
|
Fiscal Code |
: |
01753090461 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
03/01/2000 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
12.750.000/15.500.000 |
|
Number of Employees |
: |
from 51 to 70 |
Manufacture of paper and cardboard
Legal Form : Joint stock company
|
Fiscal Code : 01753090461 |
|
Foreign Trade Reg. no. : LU020553 since 05/01/2000 |
|
Chamber of Commerce no. : 168409 of Lucca since 03/01/2000 |
|
Firms' Register : LU-2000-71 of Lucca since 03/01/2000 |
|
V.A.T. Code : 01753090461 |
|
Establishment date |
: 01/01/2000 |
|
|
Start of Activities |
: 03/01/2000 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 1.560.000 |
|
|
Subscribed Capital |
: 1.560.000 |
|
|
Paid up Capital |
: 1.560.000 |
|
Legal mail : |
BARTOLISPA@PEC.IT |
Members
|
Bartoli Immobiliare Societa' Per Azioni |
|
Residence: |
Traversa Di Parezzana |
, 16 |
- 55012 |
Capannori |
(LU) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Bartoli |
Giorgio Giovanni |
|
Born in Lucca |
(LU) |
on 29/11/1964 |
- Fiscal Code : BRTGGG64S29E715R |
|
Residence: |
Fillungo |
, 104 |
- 55100 |
Lucca |
(LU) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
20/02/2013 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Bartoli |
Maria Letizia |
|
Born in Lucca |
(LU) |
on 01/01/1963 |
- Fiscal Code : BRTMLT63A41E715U |
|
Residence: |
San Sebastiano |
, 5 |
- 55100 |
Lucca |
(LU) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
04/12/2013 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
|
Rugani |
Luca |
|
|
Born in Lucca |
(LU) |
on 09/09/1963 |
- Fiscal Code : RGNLCU63P09E715R |
|
|
Residence: |
Tasso |
, 7/C |
- 55064 |
Pescaglia |
(LU) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
03/01/2000 |
|
|
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.
|
|
Bartoli |
Giorgio Giovanni |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
I GIRASOLI S.R.L. |
Pietrasanta (LU) - IT - |
01314340462 |
Director |
Withdrawn |
Registered |
|
Bartoli Immobiliare Societa' Per Azioni |
Capannori (LU) - IT - |
01691070468 |
Director |
Active |
Registered |
|
Bartoli Immobiliare Societa' Per Azioni |
Capannori (LU) - IT - |
01691070468 |
Board Chairman |
Active |
Registered |
|
Levante Societa' A Responsabilita' Limitata |
Capannori (LU) - IT - |
02250310469 |
Director |
Active |
Registered |
|
Levante Societa' A Responsabilita' Limitata |
Capannori (LU) - IT - |
02250310469 |
Managing
Director |
Active |
Registered |
|
Azienda Agricola Sorantonio Di Giorgio Bartoli |
Capannori (LU) - IT - |
BRTGGG64S29E715R |
Proprietor |
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 |
|
Bartoli Immobiliare Societa' Per Azioni |
Capannori - IT - |
01691070468 |
1.558.128 .Eur |
99,88 |
|
Bartoli Giorgio Giovanni |
Lucca - IT - |
BRTGGG64S29E715R |
936 .Eur |
0,06 |
|
Bartoli Maria Letizia |
Lucca - IT - |
BRTMLT63A41E715U |
936 .Eur |
0,06 |
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares
Amount |
% Ownership |
since |
until |
Share Status |
|
Aquapur Multiservizi S.p.a. |
Porcari - IT - |
01601120460 |
5.160 .Eur |
0,48 |
Active |
||
|
Consorzio Toscana Energia S.p.a. |
Lucca - IT - |
01842040469 |
5 .Eur |
Active |
|||
|
Consorzio Servizi Ecologici - Societa' A Responsabilita' Limitata |
Lucca - IT - |
01200880464 |
1.225 .Eur |
8,72 |
Active |
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
(Factory) |
|
Traversa Di Parezzana |
, 16 |
- 55012 |
- Capannori |
(LU) |
- IT - |
|
PHONE |
: 0583980196 |
|
FAX |
: 0583980878 |
|
Email |
: BARTOLISPA@PEC.IT |
|
Legal mail |
: BARTOLISPA@PEC.IT |
|
Employees |
: 53 |
|
Fittings and Equipment for a value of 2.960.000 |
Eur |
|
Stocks for a value of 3.210.000 |
Eur |
Trade organization: direct or by agents.
Sales converge to North and Central Italy.
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.
Company's starting of activities dates back to 2000.
The analysis is based on the latest 3 balance sheets.
During the last years, it recorded positive net results (r.o.e. 2,93% in
2013) with a stable trend in the turnover.
The operating result in 2013 was positive (1,76%) falling within the
field's average.
An operating result of Eur. 228.828 has been registered. recording a
drop as opposed to the year before (-51,85%).
The G.O.M. amounted to Eur. 967.428 ,with no change if compared to the
year before.
From a financial aspect the company's status covers total short-term
debts; the indebtedness volume in 2013 is in fact 0,41 improved in comparison
with the year before (0,45.).
It's shareholders funds amount to Eur. 5.679.373 , stable in comparison
with the value of the previous year.
Total debts recorded amounted to Eur. 5.721.885 (Eur. 1.428.856 of which
were m/l term debts) on the same levels as the year before.
Financial debts exposure is under control while the recourse to
commercial credit is rather frequent however still within the sector's average.
It shows a good range of liquidity.
Trade credits are collected slowly, average term is 101,12 days. within
the standard level of the average of the sector.
2013 financial year closed with a cash flow of Eur. 904.837
During 2013 financial year labour costs amounted to Eur. 2.560.278, with
a 19,05% incidence on production costs. , with a 19,9% incidence on turnover.
Financial charges have a limited incidence (-0,15%) on sales volume.
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
12.865.352 |
|
Profit (Loss) for the period |
166.237 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
13.337.065 |
|
Profit (Loss) for the period |
364.699 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
13.232.991 |
|
Profit (Loss) for the period |
292.101 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
12.014.459 |
|
Profit (Loss) for the period |
194.328 |
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
9.681.788 |
|
Profit (Loss) for the period |
231.429 |
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 |
0,29 |
0,31 |
0,32 |
0,43 |
|
Elasticity Ratio |
Units |
0,71 |
0,69 |
0,68 |
0,55 |
|
Availability of stock |
Units |
0,25 |
0,21 |
0,20 |
0,12 |
|
Total Liquidity Ratio |
Units |
0,46 |
0,49 |
0,47 |
0,40 |
|
Quick Ratio |
Units |
0,15 |
0,15 |
0,14 |
0,01 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
0,41 |
0,45 |
0,45 |
1,49 |
|
Self Financing Ratio |
Units |
0,44 |
0,46 |
0,48 |
0,29 |
|
Capital protection Ratio |
Units |
0,70 |
0,67 |
0,67 |
0,76 |
|
Liabilities consolidation quotient |
Units |
0,54 |
0,40 |
0,33 |
0,29 |
|
Financing |
Units |
1,01 |
0,93 |
0,86 |
2,09 |
|
Permanent Indebtedness Ratio |
Units |
0,62 |
0,60 |
0,60 |
0,47 |
|
M/L term Debts Ratio |
Units |
0,18 |
0,14 |
0,12 |
0,13 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,66 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
2,11 |
1,94 |
1,85 |
1,13 |
|
Current ratio |
Units |
2,14 |
1,97 |
1,90 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,39 |
1,39 |
1,33 |
0,81 |
|
Structure's primary quotient |
Units |
1,50 |
1,49 |
1,49 |
0,65 |
|
Treasury's primary quotient |
Units |
0,46 |
0,42 |
0,40 |
0,02 |
|
Rate of indebtedness ( Leverage ) |
% |
228,68 |
218,92 |
208,86 |
347,40 |
|
Current Capital ( net ) |
Value |
4.898.323 |
4.320.245 |
3.760.018 |
277.456 |
|
RETURN |
|||||
|
Return on Sales |
% |
7,03 |
7,85 |
7,15 |
3,75 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
2,93 |
6,31 |
5,19 |
0,03 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
5,62 |
10,03 |
9,45 |
0,71 |
|
Return on Investment ( R.O.I. ) |
% |
1,76 |
3,75 |
3,29 |
2,25 |
|
Return/ Sales |
% |
1,78 |
3,56 |
2,92 |
2,41 |
|
Extra Management revenues/charges incid. |
% |
72,65 |
76,73 |
75,47 |
15,06 |
|
Cash Flow |
Value |
904.837 |
1.046.345 |
946.036 |
375.939 |
|
Operating Profit |
Value |
228.828 |
475.292 |
387.017 |
75.030 |
|
Gross Operating Margin |
Value |
967.428 |
1.156.938 |
1.040.952 |
984.767 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
101,12 |
101,07 |
97,90 |
115,37 |
|
Debts to suppliers average term |
Days |
110,12 |
113,74 |
104,55 |
130,42 |
|
Average stock waiting period |
Days |
89,91 |
70,51 |
65,12 |
51,55 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,99 |
1,05 |
1,13 |
0,94 |
|
Rate of stock return |
Units |
4,00 |
5,11 |
5,53 |
6,98 |
|
Labour cost incidence |
% |
19,90 |
18,86 |
18,17 |
14,75 |
|
Net financial revenues/ charges incidence |
% |
-0,15 |
-0,20 |
-0,05 |
-2,34 |
|
Labour cost on purchasing expenses |
% |
19,05 |
18,45 |
17,79 |
14,06 |
|
Short-term financing charges |
% |
0,72 |
0,71 |
0,60 |
3,03 |
|
Capital on hand |
% |
100,95 |
94,93 |
88,84 |
105,97 |
|
Sales pro employee |
Value |
160.816 |
170.988 |
176.439 |
268.685 |
|
Labour cost pro employee |
Value |
32.003 |
32.256 |
32.057 |
34.580 |
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).
The present report is supplied for Your exclusive use and is bond to the
general conditions of the contract. Personal Data collection and treatment,
reported, are conform to our company's activities and to Your mandate conferred
to us by Your request, for the purposes in relation to Marketing Management,
Sales and Monetary Administration. It does not contain, nor could contain,
information cancelled by a justified opposition right.
|
Population living in the province |
: |
379.117 |
|
Population living in the region |
: |
3.598.269 |
|
Number of families in the region |
: |
1.474.681 |
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
444 |
|
- per non food products |
: |
2.009 |
|
- per energy consume |
: |
122 |
The values are calculated on a base of 210 significant companies.
The companies cash their credits on an average of 115 dd.
The average duration of suppliers debts is about 130 dd.
The sector's profitability is on an average of 3,75%.
The labour cost affects the turnover in the measure of 14,75%.
Goods are held in stock in a range of 52 dd.
The difference between the sales volume and the resources used to
realize it is about 0,94.
The employees costs represent the 14,06% of the production costs.
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 2.537.
The insolvency index for the region is 0,70, , while for the province it
is 0,67.
Total Bankrupt companies in the province : 2.402.
Total Bankrupt companies in the region : 20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.94 |
|
|
1 |
Rs.98.27 |
|
Euro |
1 |
Rs.72.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.