MIRA INFORM REPORT
|
Report No. : |
310897 |
|
Report Date : |
09.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
FIBRA SRL |
|
|
|
|
Registered Office : |
Via Xxiv Maggio,1/BIS Avenza, 54031 - Carrara
(MS) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
07.07.1983 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
·
Subject focuses on acquisitions
of important materials such as Tobacco
Brown, Golden Colorado and finally Onyx Amber ·
Engaged in developing
any kind of Project, Bathroom Tops, Staging Naval Center Congress, until the
Realization of Entire Dwellings ·
Subject offer Marble, Travertine, Granite as well as Blocks &
Sheets |
|
|
|
|
No of Employees : |
04 |
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
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.
|
Source
: CIA |
Company
name & address
Fibra Srl
Via Xxiv Maggio, 1/BIS
AVENZA
54031 - Carrara (MS) -IT-
Summary
|
Fiscal Code |
: |
00424090454 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
01/12/1983 |
|
Equity |
: |
1.500.000 |
|
Turnover Range |
: |
6.500.000/7.750.000 |
|
Number of Employees |
: |
04 |
Activity
·
Subject focuses on acquisitions
of important materials such as Tobacco Brown, Golden
Colorado and finally Onyx Amber
·
Engaged in developing any
kind of Project, Bathroom Tops, Staging Naval Center Congress, until the
Realization of Entire Dwellings
·
Subject offer Marble, Travertine, Granite as well as Blocks &
Sheets
Legal
Data
Legal Form : Limited liability company
|
Fiscal Code : 00424090454 |
|
Foreign Trade Reg. no. : 000723 of Massa
since 25/11/1991 |
|
Chamber of Commerce no. : 79103 of Massa
since 19/08/1983 |
|
Chamber of Commerce no. : 160617 of
Trapani |
|
Firms' Register : MS010-4007 of Massa
since 19/02/1996 |
|
V.A.T. Code : 00424090454 |
|
R. E. C. no. : 10597 of Massa since
20/09/1983 |
|
Establishment date |
: 07/07/1983 |
|
|
Start of Activities |
: 01/12/1983 |
|
|
Legal duration |
: 31/12/2020 |
|
|
Nominal Capital |
: 104.000 |
|
|
Subscribed Capital |
: 104.000 |
|
|
Paid up Capital |
: 104.000 |
Members
|
|
Braccini |
Stefano |
|
|
Born in Carrara |
(MS) |
on 05/04/1960 |
- Fiscal Code : BRCSFN60D05B832Z |
|
|
Residence: |
Farini |
, 9 |
- 54031 |
Carrara |
(MS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
31/01/2008 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Fiaschi |
Paolo |
|
|
Born in Carrara |
(MS) |
on 21/08/1960 |
- Fiscal Code : FSCPLA60M21B832O |
|
|
Residence: |
Adua |
, 13 |
- 54033 |
Carrara |
(MS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
01/02/2008 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Braccini |
Fabio |
|
|
Born in Carrara |
(MS) |
on 17/11/1967 |
- Fiscal Code : BRCFBA67S17B832D |
|
|
Residence: |
Repubblica |
, 83 |
- 54011 |
Aulla |
(MS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
31/01/2008 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
GRASSI MICHELA |
|
|
Born |
on 20/01/1964 |
- Fiscal Code : GRSMHL64A60F023W |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
GRAZIANI PAOLA
MARIA |
|
|
Born |
on 08/09/1963 |
- Fiscal Code : GRZPMR63P48L833H |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
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.
|
|
Braccini |
Stefano |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
BRACCINI STEFANO |
- - |
BRCSFN60D05B832Z |
Proprietor |
Withdrawn |
Registered |
|
Maggini Annunziata E C. Di Maggini
AnnunZiata, Braccini Stefano E Braccini Fabio |
Carrara (MS) - IT - |
00229210455 |
Partner |
Withdrawn |
Registered |
|
|
Braccini |
Fabio |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
MARBLE ENTERPRISE S.R.L. |
- - |
01016910455 |
Director |
Withdrawn |
Registered |
|
Maggini Annunziata E C. Di Maggini
AnnunZiata, Braccini Stefano E Braccini Fabio |
Carrara (MS) - IT - |
00229210455 |
Partner |
Withdrawn |
Registered |
|
RESIDENZA LE ROSE S.R.L. |
Carrara (MS) - IT - |
01087640452 |
Sole Director |
Withdrawn |
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 |
|
Fiaschi Paolo |
Carrara - IT - |
FSCPLA60M21B832O |
8.996 .Eur |
8,65 |
|
Braccini Fabio |
Aulla - IT - |
BRCFBA67S17B832D |
27.768 .Eur |
26,70 |
|
BRACCINI STEFANO |
BRCSFN60D05B832Z |
8.996 .Eur |
8,65 |
|
|
GRASSI MICHELA |
GRSMHL64A60F023W |
29.120 .Eur |
28,00 |
|
|
GRAZIANI PAOLA MARIA |
GRZPMR63P48L833H |
29.120 .Eur |
28,00 |
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 |
|
Billiemensi' S Company S.r.l. |
06294530826 |
3.000 .Eur |
25,00 |
Active |
Firm's location and structure
In order to carry out its activities the
firm uses the following locations:
|
- |
Legal and
operative seat |
|
Xxiv Maggio |
, 1/BIS |
- 54033 |
- Carrara |
(MS) |
- IT - |
|
PHONE |
: 0585857638 |
|
PHONE |
: 058555145 |
|
FAX |
: 058555145 |
|
Website |
: www.fibra.it |
|
- |
Branch |
(Warehouse) |
since 01/07/2009 |
|
Argine Destro Carrione |
, 25 |
- 54033 |
- Carrara |
(MS) |
- IT - |
|
Trading Style: FIBRA S.R.L. |
|
- |
Branch |
(Warehouse) |
since 17/10/2013 |
|
Tinelli |
, SNC |
- 54100 |
- Massa |
(MS) |
- IT - |
|
Employees |
: 4 |
|
Part-time workers |
: 4 |
|
Fittings and Equipment for a value of
380.000 |
Eur |
|
Stocks for a value of 1.470.000 |
Eur |
The firm operates abroad as importer /
exporter..
Export represents from 20% to 50% of the
global turnover.
Products abroad are placed by :
|
- direct orders from foreign companies |
Historical Information and/or Firm's Status
EX-MEMBERS /
EX-POSITIONS:
|
|
Braccini |
Stefano |
|
|
Born in Carrara |
(MS) |
on 05/04/1960 |
- Fiscal Code : BRCSFN60D05B832Z |
|
|
Residence: |
Farini |
, 9 |
- 54031 |
Carrara |
(MS) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
|
Fiaschi |
Paolo |
|
|
Born in Carrara |
(MS) |
on 21/08/1960 |
- Fiscal Code : FSCPLA60M21B832O |
|
|
Residence: |
Adua |
, 13 |
- 54033 |
Carrara |
(MS) |
- IT - |
|
Ex-Postions |
|
Director |
|
Board Chairman |
|
|
Braccini |
Fabio |
|
|
Born in Carrara |
(MS) |
on 17/11/1967 |
- Fiscal Code : BRCFBA67S17B832D |
|
|
Residence: |
Repubblica |
, 83 |
- 54011 |
Aulla |
(MS) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
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.
Financial
and Economical Analysis
Company's starting of activities dates back
to 1983.
An eco-fin analysis has been made on the
base od the b/s fo the years 2011, 2012 and 2013.
During the last years, it recorded positive
net results (r.o.e. 12,66% in 2013)
The operating result in 2013 was positive
(6,37%) and in line with the sector's average.
An operating result of Eur. 470.823 has been
registered. with a -23,82% fall as against the year 2012.
During the latest financial year the gross operating
margin amounted to Eur. 509.496 showing a downward trend as opposed to the
previous year.
The financial position is not well balanced
as the volume of debts is fairly remarkable if compared to shareholder's
equity, in fact total debts are 4,64 which is decreasing.
With regard to equity capital, an amount of
Eur. 1.143.992 is registered. , unchanged as opposed to the preceding year.
During the last financial year debts
totalled Eur. 5.972.951 (Eur. 581.274 of which were m/l term debts) with no
important change.
Liquidity is good.
During financial year 2013 the cash flow
amounted to Eur. 183.507
Subordinate employment cost is of Eur.
183.195, i.e. 2,85% on total production costs. and a 2,66% incidence on sales
volumes.
The financial management is marked by a high
incidence of financial charges in relation to sales revenues (-2,5%).
Financial Data
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.886.493 |
|
Profit (Loss) for the period |
144.834 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
7.791.425 |
|
Profit (Loss) for the period |
276.233 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
8.205.449 |
|
Profit (Loss) for the period |
121.329 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
8.491.846 |
|
Profit (Loss) for the period |
39.263 |
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 |
0,19 |
0,14 |
0,13 |
0,11 |
|
Elasticity Ratio |
Units |
0,81 |
0,86 |
0,86 |
0,87 |
|
Availability of stock |
Units |
0,20 |
0,20 |
0,23 |
0,22 |
|
Total Liquidity Ratio |
Units |
0,61 |
0,66 |
0,62 |
0,56 |
|
Quick Ratio |
Units |
0,12 |
0,14 |
0,14 |
0,02 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
4,64 |
4,73 |
5,00 |
3,81 |
|
Self Financing Ratio |
Units |
0,15 |
0,15 |
0,13 |
0,17 |
|
Capital protection Ratio |
Units |
0,78 |
0,65 |
0,76 |
0,65 |
|
Liabilities consolidation quotient |
Units |
0,12 |
0,11 |
0,23 |
0,12 |
|
Financing |
Units |
5,22 |
5,35 |
6,37 |
4,72 |
|
Permanent Indebtedness Ratio |
Units |
0,24 |
0,23 |
0,29 |
0,30 |
|
M/L term Debts Ratio |
Units |
0,09 |
0,08 |
0,16 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
1,28 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,30 |
1,69 |
2,16 |
2,06 |
|
Current ratio |
Units |
1,11 |
1,16 |
1,24 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,83 |
0,89 |
0,90 |
0,84 |
|
Structure's primary quotient |
Units |
0,83 |
1,10 |
0,99 |
1,28 |
|
Treasury's primary quotient |
Units |
0,16 |
0,20 |
0,20 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
646,04 |
659,57 |
759,87 |
591,61 |
|
Current Capital ( net ) |
Value |
570.184 |
832.699 |
1.200.602 |
219.071 |
|
RETURN |
|||||
|
Return on Sales |
% |
2,66 |
4,08 |
1,92 |
2,22 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
12,66 |
25,69 |
12,71 |
6,27 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
25,84 |
41,78 |
25,47 |
15,95 |
|
Return on Investment ( R.O.I. ) |
% |
6,37 |
8,72 |
7,62 |
4,19 |
|
Return/ Sales |
% |
6,84 |
7,93 |
6,74 |
3,42 |
|
Extra Management revenues/charges incid. |
% |
30,76 |
44,69 |
21,95 |
29,26 |
|
Cash Flow |
Value |
183.507 |
318.158 |
157.203 |
61.669 |
|
Operating Profit |
Value |
470.823 |
618.058 |
552.812 |
95.558 |
|
Gross Operating Margin |
Value |
509.496 |
661.253 |
588.686 |
144.934 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
n.c. |
n.c. |
n.c. |
120,94 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
n.c. |
120,04 |
|
Average stock waiting period |
Days |
77,08 |
64,38 |
73,75 |
61,92 |
|
Rate of capital employed return ( Turnover
) |
Units |
0,93 |
1,10 |
1,13 |
1,27 |
|
Rate of stock return |
Units |
4,67 |
5,59 |
4,88 |
5,74 |
|
Labour cost incidence |
% |
2,66 |
2,90 |
2,06 |
7,77 |
|
Net financial revenues/ charges incidence |
% |
-2,50 |
-2,20 |
-2,72 |
-1,26 |
|
Labour cost on purchasing expenses |
% |
2,85 |
3,14 |
2,20 |
7,90 |
|
Short-term financing charges |
% |
3,17 |
3,41 |
3,84 |
2,67 |
|
Capital on hand |
% |
107,32 |
91,02 |
88,43 |
78,39 |
|
Sales pro employee |
Value |
1.377.298 |
1.113.060 |
1.641.089 |
437.713 |
|
Labour cost pro employee |
Value |
36.639 |
32.314 |
33.766 |
33.928 |
Market
/ Territory Data
|
Population living in the province |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
Monthly family expenses 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 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.
Statistical
Detrimental Data
Statistically 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 1.432.
The insolvency index for the region is 0,70,
, while for the province it is 0,72.
Total Bankrupt companies in the province :
1.056.
Total Bankrupt companies in the region :
20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.20 |
|
UK Pound |
1 |
Rs.94.71 |
|
Euro |
1 |
Rs.68.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MNL |
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.