MIRA INFORM REPORT
|
Report No. : |
309896 |
|
Report Date : |
09.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
MARLEATHER SRL |
|
|
|
|
Registered Office : |
Via Sega, 19 36071 -
Arzignano (VI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
01.09.2012 |
|
|
|
|
Legal Form : |
Sole-Member Limited Liability Company |
|
|
|
|
Line of Business : |
Preparation and tanning of leather; dressing and dyeing of fur |
|
|
|
|
No. of Employee : |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Italy |
A2 |
A2 |
|
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
MARLEATHER SRL
Via Sega, 19
36071 - Arzignano (VI) -IT-
Summary
|
Fiscal Code |
: |
03738010242 |
|
Legal Form |
: |
Sole-Member Limited Liability Company |
|
start of Activities |
: |
01/09/2012 |
|
Equity |
: |
400.000 |
|
Turnover Range |
: |
6.500.000/7.750.000 |
|
Number of Employees |
: |
from 1 to 5 |
|
n.b.: The Creditworthness Rate shows, in percentage, the ratio between
the suggested credit opinion and the credit amount that the firm could get if
the financial situation would be completely positive. |
Activity
Preparation and tanning of leather; dressing and dyeing of fur
Legal
Data
Legal Form : Sole-Member Limited Liability Company
|
Fiscal Code : 03738010242 |
|
Chamber of Commerce no. : 350136 of Vicenza since 09/02/2012 |
|
V.A.T. Code : 03738010242 |
|
Establishment date |
: 20/01/2012 |
|
|
Start of Activities |
: 01/09/2012 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 100.000 |
|
|
Subscribed Capital |
: 100.000 |
|
|
Paid up Capital |
: 100.000 |
Members
|
|
Margherita |
Francesca |
|
|
Born in Taranto |
(TA) |
on 16/01/1983 |
- Fiscal Code : MRGFNC83A56L049B |
|
|
Residence: |
Dei Fanti |
, 23 |
- 36071 |
Arzignano |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
20/01/2012 |
||
|
Sole partner |
09/02/2012 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
Companies
connected to members *
*checkings have been performed on a national scale.
In this module the companies in which members hold/held positions are
listed.
The Members of the subject firm are not reported to be Members in other
companies.
Capital
Shareholders
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Margherita Francesca |
Arzignano - IT - |
MRGFNC83A56L049B |
100,00 |
Direct
Participations
The Company under review has no participations in other Companies.
Firm's
location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
Sega |
, 19 |
- 36071 |
- Arzignano |
(VI) |
- IT - |
|
Email |
: MARLEATHERSRL@LEGALMAIL.IT |
|
- |
Branch |
since 01/09/2012 |
|
F.b. Cavalieri |
, 5/A |
- 36050 |
- Zermeghedo |
(VI) |
- IT - |
|
PHONE |
: 0444486147 |
|
Employees |
: 5 |
|
Stocks for a value of 660.000 |
Eur |
Historical Information and/or Firm's Status
CEASINGS/INCORPORATIONS/MERGES:
|
|
The subj. took over by rent the activities of |
|
|
|
|
SAN LAZZARO |
, 52 |
, 36100 |
, Vicenza |
(VI) |
- IT - |
|
|
Fiscal Code: 02667670240 |
|
|
Date |
: |
01/09/2012 |
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 some years ago (2012).
On the base of the latest 2 financial accounts, an economic-financial
analysis has been developped.
During the last years, it achieved profits (r.o.e. 22,73% on 2013) with
an increase in 2013 (more then 100%).
The operating result was positive in the last financial year (4,93%)
falling within the field's average.
An operating result of Eur. 146.695 has been registered. rising (+more then
100%) in relation to the previous year.
A gross operating margine for a value of Eur. 165.040 was reached. with
a more then 100% growth.
The ratio between shareholder's equity and borrowed capital is not well
balanced, the indebtedness level is equal to 7,98 falling if compared to 2012.
The equity capital is equal to Eur. 327.394 , with an upward trend.
The financial management has recorded total debts amounting to Eur.
2.616.890, with a growth equal to 26,11%.
Available funds are good.
2013 financial year closed with a cash flow of Eur. 86.488
Labour cost amounts to Eur. 210.031, with a 3,02% incidence on
production costs. , with a 2,91% incidence on turnover.
Financial charges have a limited incidence (-0,31%) on sales volume.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
7.228.585 |
|
Profit (Loss) for the period |
74.408 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.662.418 |
|
Profit (Loss) for the period |
32.986 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
RATIOS |
Value Type |
as at 31/12/2013 |
as at 31/12/2012 |
Sector Average |
|
COMPOSITION ON INVESTMENT |
||||
|
Rigidity Ratio |
Units |
0,00 |
0,00 |
0,18 |
|
Elasticity Ratio |
Units |
1,00 |
1,00 |
0,80 |
|
Availability of stock |
Units |
0,22 |
0,21 |
0,20 |
|
Total Liquidity Ratio |
Units |
0,78 |
0,79 |
0,51 |
|
Quick Ratio |
Units |
0,00 |
0,01 |
0,02 |
|
COMPOSITION ON SOURCE |
||||
|
Net Short-term indebtedness |
Units |
7,98 |
15,50 |
2,38 |
|
Self Financing Ratio |
Units |
0,11 |
0,06 |
0,24 |
|
Capital protection Ratio |
Units |
0,47 |
0,00 |
0,68 |
|
Liabilities consolidation quotient |
Units |
0,01 |
0,01 |
0,18 |
|
Financing |
Units |
7,99 |
15,60 |
2,86 |
|
Permanent Indebtedness Ratio |
Units |
0,12 |
0,07 |
0,38 |
|
M/L term Debts Ratio |
Units |
0,01 |
0,01 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
1,00 |
|
CORRELATION |
||||
|
Fixed assets ratio |
Units |
153,83 |
46,78 |
1,78 |
|
Current ratio |
Units |
1,14 |
1,07 |
1,25 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,88 |
0,84 |
0,84 |
|
Structure's primary quotient |
Units |
142,72 |
41,90 |
1,07 |
|
Treasury's primary quotient |
Units |
0,00 |
0,01 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
909,38 |
1672,86 |
408,81 |
|
Current Capital ( net ) |
Value |
354.595 |
144.343 |
312.424 |
|
RETURN |
||||
|
Return on Sales |
% |
1,20 |
1,59 |
2,67 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
22,73 |
24,80 |
3,20 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
37,90 |
41,67 |
8,58 |
|
Return on Investment ( R.O.I. ) |
% |
4,93 |
1,58 |
4,36 |
|
Return/ Sales |
% |
2,03 |
1,32 |
3,63 |
|
Extra Management revenues/charges incid. |
% |
50,72 |
93,96 |
23,99 |
|
Cash Flow |
Value |
86.488 |
42.313 |
112.609 |
|
Operating Profit |
Value |
146.695 |
35.105 |
127.644 |
|
Gross Operating Margin |
Value |
165.040 |
45.640 |
230.719 |
|
MANAGEMENT |
||||
|
Credits to clients average term |
Days |
n.c. |
n.c. |
101,46 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
94,66 |
|
Average stock waiting period |
Days |
32,66 |
63,57 |
56,34 |
|
Rate of capital employed return ( Turnover ) |
Units |
2,43 |
1,20 |
1,34 |
|
Rate of stock return |
Units |
11,02 |
5,66 |
6,30 |
|
Labour cost incidence |
% |
2,91 |
2,37 |
12,44 |
|
Net financial revenues/ charges incidence |
% |
-0,31 |
0,76 |
-1,48 |
|
Labour cost on purchasing expenses |
% |
3,02 |
2,24 |
12,90 |
|
Short-term financing charges |
% |
0,86 |
n.c. |
3,49 |
|
Capital on hand |
% |
41,19 |
83,56 |
74,43 |
|
Sales pro employee |
Value |
1.204.764 |
2.662.418 |
253.464 |
|
Labour cost pro employee |
Value |
35.005 |
63.053 |
32.147 |
Remarks
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.
SOURCES
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).
Market
/ Territory Data
|
Population living in the province |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
Monthly family expences 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 923 significant companies.
The companies cash their credits on an average of 101 dd.
The average duration of suppliers debts is about 95 dd.
The sector's profitability is on an average of 2,67%.
The labour cost affects the turnover in the measure of 12,44%.
Goods are held in stock in a range of 56 dd.
The difference between the sales volume and the resources used to
realize it is about 1,34.
The employees costs represent the 12,90% of the production costs.
Statistical
Detrimental Data
Statistically the trade activity passes through serious crises.
The area is statistically considered lowly risky.
In the region 13.782 protested subjects are found; in the province they
count to 2.234.
The insolvency index for the region is 0,30, , while for the province it
is 0,27.
Total Bankrupt companies in the province : 2.546.
Total Bankrupt companies in the region : 16.714.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.20 |
|
|
1 |
Rs.94.71 |
|
Euro |
1 |
Rs.68.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SDA |
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.