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Report No. : |
310465 |
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Report Date : |
04.03.2015 |
IDENTIFICATION DETAILS
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Name : |
UNDERGROUND S.R.L. |
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Registered Office : |
Via Poggiarello 17 50059 - Vinci (FI) |
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Country : |
Italy |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
11.11.2013 |
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Legal Form : |
Limited liability company |
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Line of Business : |
Manufacture of leather clothes |
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No. of Employee : |
From 1 to 5 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Relatively new business |
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Payment Behaviour : |
No complaints |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source
: CIA |
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Underground S.r.l. |
|
Via |
Poggiarello, |
17 |
|
50059 |
- Vinci |
(FI) |
-IT- |
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Fiscal Code |
: |
06392890486 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
11/11/2013 |
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Equity |
: |
15.000 |
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Turnover Range |
: |
2.500/4.000 |
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Number of Employees |
: |
from 1 to 5 |
Manufacture of leather clothes
Legal Form : Limited liability company
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Fiscal Code : 06392890486 |
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Chamber of Commerce no. : 624928 of Firenze since 29/10/2013 |
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V.A.T. Code : 06392890486 |
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Establishment date |
: 10/10/2013 |
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Start of Activities |
: 11/11/2013 |
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Legal duration |
: 31/12/2040 |
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Nominal Capital |
: 10.000 |
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Subscribed Capital |
: 10.000 |
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Paid up Capital |
: 2.500 |
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Peruzzi |
Gabriele |
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Born in Empoli |
(FI) |
on 15/11/1982 |
- Fiscal Code : PRZGRL82S15D403E |
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Residence: |
Pietramarina |
, 126/D |
- 50059 |
Vinci |
(FI) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
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Director |
10/10/2013 |
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No Prejudicial events are reported |
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No Protests registered |
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Berni |
Antonio |
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Born in Vinci |
(FI) |
on 13/06/1960 |
- Fiscal Code : BRNNTN60H13M059A |
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Residence: |
Del Pentathlon |
, 15 |
- 50053 |
Empoli |
(FI) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
|
Director |
10/10/2013 |
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No Prejudicial events are reported |
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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.
|
|
Berni |
Antonio |
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Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Antonio Berni |
Empoli (FI) - IT - |
BRNNTN60H13M059A |
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 |
|
Peruzzi Gabriele |
Vinci - IT - |
PRZGRL82S15D403E |
5.000 .Eur |
50,00 |
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Berni Antonio |
Empoli - IT - |
BRNNTN60H13M059A |
5.000 .Eur |
50,00 |
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 |
|
Poggiarello |
, 17 |
- 50059 |
- Vinci |
(FI) |
- IT - |
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Stocks for a value of 7.000 |
Eur |
Protests checking on the subject firm has given a negative result.
Search performed on a National Scale
|
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Prejudicial Events Search Result: NEGATIVE |
Search performed on a specialized data base.
None reported, standing to the latest received edition of the Official
Publications.
Meaningless Balance-sheet analysis
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|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
3.103 |
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Profit (Loss) for the period |
-775 |
From our constant monitoring of the relevant Public Administration
offices, no more recent balance sheets result to have been filed.
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- Balance Sheet as at 31/12/2013 - 12 Mesi - Currency: - Amounts x 1 |
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RATIOS |
Value Type |
as at 31/12/2013 |
Sector Average |
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COMPOSITION ON
INVESTMENT |
|||
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Rigidity Ratio |
Units |
0,09 |
0,14 |
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Elasticity Ratio |
Units |
0,91 |
0,84 |
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Availability of stock |
Units |
0,12 |
0,24 |
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Total Liquidity Ratio |
Units |
0,79 |
0,53 |
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Quick Ratio |
Units |
0,66 |
0,03 |
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COMPOSITION ON
SOURCE |
|||
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Net Short-term indebtedness |
Units |
1,20 |
3,78 |
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Self Financing Ratio |
Units |
0,15 |
0,17 |
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Capital protection Ratio |
Units |
0,00 |
0,66 |
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Liabilities consolidation quotient |
Units |
n.c. |
0,14 |
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Financing |
Units |
5,49 |
4,55 |
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Permanent Indebtedness Ratio |
Units |
0,15 |
0,33 |
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M/L term Debts Ratio |
Units |
n.c. |
0,09 |
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Net Financial Indebtedness Ratio |
Units |
n.c. |
1,26 |
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CORRELATION |
|||
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Fixed assets ratio |
Units |
1,75 |
1,87 |
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Current ratio |
Units |
1,08 |
1,17 |
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Acid Test Ratio-Liquidity Ratio |
Units |
0,93 |
0,79 |
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Structure's primary quotient |
Units |
1,75 |
1,13 |
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Treasury's primary quotient |
Units |
0,78 |
0,04 |
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Rate of indebtedness ( Leverage ) |
% |
649,06 |
587,75 |
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Current Capital ( net ) |
Value |
3.960 |
209.248 |
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RETURN |
|||
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Return on Sales (R.O.S.) |
% |
-13,41 |
2,26 |
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Return on Equity - Net- ( R.O.E. ) |
% |
-8,40 |
3,48 |
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Return on Equity - Gross - ( R.O.E. ) |
% |
-8,40 |
12,19 |
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Return on Investment ( R.O.I. ) |
% |
-1,30 |
3,83 |
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Return/ Sales |
% |
-25,01 |
3,45 |
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Extra Management revenues/charges incid. |
% |
n.c. |
20,46 |
|
Cash Flow |
Value |
-416 |
50.400 |
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Operating Profit |
Value |
-776 |
68.610 |
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Gross Operating Margin |
Value |
-417 |
124.742 |
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MANAGEMENT |
|||
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Credits to clients average term |
Days |
n.c. |
120,68 |
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Debts to suppliers average term |
Days |
n.c. |
115,81 |
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Average stock waiting period |
Days |
849,47 |
78,40 |
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Rate of capital employed return ( Turnover ) |
Units |
0,05 |
1,14 |
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Rate of stock return |
Units |
0,42 |
4,57 |
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Labour cost incidence |
% |
n.c. |
12,27 |
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Net financial revenues/charges incidence |
% |
0,03 |
-1,84 |
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Labour cost on purchasing expenses |
% |
n.c. |
12,16 |
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Short-term financing charges |
% |
n.c. |
3,35 |
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Capital on hand |
% |
1929,62 |
87,41 |
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Sales pro employee |
Value |
245.343 |
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Labour cost pro employee |
Value |
32.046 |
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.
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Population living in the province |
: |
965.388 |
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Population living in the region |
: |
3.598.269 |
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Number of families in the region |
: |
1.474.681 |
Monthly family expences average in the region (in Eur..) :
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- per food products |
: |
444 |
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- per non food products |
: |
2.009 |
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- per energy consume |
: |
122 |
The values are calculated on a base of 864 significant companies.
The companies cash their credits on an average of 121 dd.
The average duration of suppliers debts is about 116 dd.
The sector's profitability is on an average of 2,26%.
The labour cost affects the turnover in the measure of 12,27%.
Goods are held in stock in a range of 78 dd.
The difference between the sales volume and the resources used to
realize it is about 1,14.
The employees costs represent the 12,16% of the production costs.
Statistically the trade activity passes through serious crises.
The area is statistically considered moderately risky.
In the region 24.960 protested subjects are found; in the province they
count to 5.242.
The insolvency index for the region is 0,70, , while for the province it
is 0,55.
Total Bankrupt companies in the province : 6.520.
Total Bankrupt companies in the region : 20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.84 |
|
|
1 |
Rs.95.14 |
|
Euro |
1 |
Rs.69.25 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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-- |
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.