MIRA INFORM REPORT
|
Report No. : |
309614 |
|
Report Date : |
10.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
ELDA TRADE SRL. |
|
|
|
|
Registered Office : |
Via Maestri Del Lavoro, 8 62010- Mogliano (MC) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
18.02.1988 |
|
|
|
|
Com. Reg. No.: |
MC023-7621 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Subject is manufacture of luggage, handbags and similars, leathergoods
and saddler. |
|
|
|
|
No. of Employee : |
from 16 to 25 |
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 |
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 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
ELDA TRADE SRL.
Via Maestri Del Lavoro, 8
62010- Mogliano (MC) -IT-
Summary
|
Fiscal Code |
: |
01006570434 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
26/03/1988 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
7.750.000/9.000.000 |
|
Number of Employees |
: |
from 16 to 25 |
|
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
Manufacture of luggage, handbags and similars, leathergoods and saddlery
Legal
Data
Legal Form : Limited liability company
|
Fiscal Code : 01006570434 |
|
Foreign Trade Reg. no. : MC003477 since 21/01/1993 |
|
Chamber of Commerce no. : 109958 of Macerata since 06/05/1988 |
|
Firms' Register : MC023-7621 of Macerata since 19/02/1996 |
|
V.A.T. Code : 01006570434 |
|
R. E. C. no. : 16069 of Macerata since 01/10/1998 |
|
Establishment date |
: 18/02/1988 |
|
|
Start of Activities |
: 26/03/1988 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 46.800 |
|
|
Subscribed Capital |
: 46.800 |
|
|
Paid up Capital |
: 46.800 |
Members
|
Contigiani |
Elio |
|
|
Born in Mogliano |
(MC) |
on 20/10/1952 |
- Fiscal Code : CNTLEI52R20F268R |
|
|
Residence: |
Verdi |
, 93 |
- 62014 |
Corridonia |
(MC) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
18/02/1988 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
CONTIGIANI DAVID |
|
|
Born in Mogliano |
(MC) |
on 04/11/1964 |
- Fiscal Code : CNTDVD64S04F268T |
|
|
Residence: |
Signorelli |
, II TRAV |
- 80017 |
Melito di Napoli |
(NA) |
- IT - |
|
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.
|
Contigiani |
Elio |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Everest S.n.c. Di Compagnucci Lamberto EC. |
Mogliano (MC) - IT - |
00925540437 |
Partner |
Active |
Registered |
|
AURORA SNC DI CONTIGIANI eamp; C. |
Comunanza (AP) - IT - |
01257440444 |
Partner |
Withdrawn |
Registered |
|
"ELCO PROMOTION" DI CONTIGIANI ELIO |
Corridonia (MC) - IT - |
Proprietor |
Withdrawn |
Registered |
|
|
IL PETTIROSSO DI VALLESI LUCIANA eamp; C. |
Mogliano (MC) - IT - |
00814520433 |
Partner |
Withdrawn |
Registered |
|
El.co.pel. S.n.c. Di Contigiani Elio EDavid |
Mogliano (MC) - IT - |
00891720435 |
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.
Capital
Shareholders
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Contigiani Elio |
Corridonia - IT - |
CNTLEI52R20F268R |
23.400 .Eur |
50,00 |
|
CONTIGIANI DAVID |
Melito di Napoli - IT - |
CNTDVD64S04F268T |
23.400 .Eur |
50,00 |
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 |
|
Consorzio Poliexport |
Macerata - IT - |
00340680438 |
Active |
Firm's location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
Maestri Del Lavoro, |
, 8 |
- 62010 |
- Mogliano |
(MC) |
- IT - |
|
PHONE |
: 0733559013 |
|
FAX |
: 0733559014 |
|
- |
Branch |
(Workshop) |
since 12/06/1995 |
until 27/09/1996 |
|
Case Sparse, |
, 2 |
- 62020 |
- Serrapetrona |
(MC) |
- IT - |
|
Employees |
: 21 |
|
Assistants |
: 1 |
|
Fittings and Equipment for a value of 75.000 |
Eur |
|
Stocks for a value of 1.780.000 |
Eur |
Historical
Information and/or Firm's Status
EX-MEMBERS / EX-POSITIONS:
|
CONTIGIANI DAVID |
|
|
Born in Mogliano |
(MC) |
on 04/11/1964 |
- Fiscal Code : CNTDVD64S04F268T |
|
|
Residence: |
Signorelli |
, II TRAV |
- 80017 |
Melito di Napoli |
(NA) |
- IT - |
|
Ex-Postions |
|
Partner |
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.
Bankers
The firm operates with:
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
BANCA DELLE MARCHE SPA |
6055 |
0 |
Financial
and Economical Analysis
The company is active since 1988
The economic-financial analysis has been made on the base of the b/s of
the latests three years.
During the last years, it achieved profits (r.o.e. 11,19% on 2013) with
an increase in 2013 (+7,23%).
The return on Investment in the last financial year was positive
(10,72%) falling within the field's average.
The amount of the operating result for the year 2013 is of Eur. 536.859
with no increase in relation to the financial year 2012.
A gross operating margine for a value of Eur. 608.187 was reached. ,with
no change if compared to the year before.
Very good financial situation: shareholder's equity covers short-terms
debts with an indebtedness level equal to 0,39 lower than in 2012.
Subject can manage an equity capital funds for an amount of Eur.
3.113.778 on the same levels as the year before.
Eur. 1.700.388 is the amount of total debts, both commercial and of
different nature, with no important change.
Bank and suppliers credit recourse is limited, 72,21 gg. is payment
average period below the sector's average.
Payments are supported by good current assets.
Accounts receivable average term is high (99,36 days). within the
average values of the sector.
Eur. 419.907 is the value of cash flow during the year 2013
During 2013 financial year labour costs amounted to Eur. 554.677, with a
6,99% incidence on production costs. , with a 6,65% incidence on turnover.
If compared to the sales volume (-0,19%), the impact of the financial
charges is limited.
Financial
Data
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
8.344.754 |
|
Profit (Loss) for the period |
348.579 |
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
7.781.721 |
|
Profit (Loss) for the period |
320.437 |
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
7.854.771 |
|
Profit (Loss) for the period |
181.679 |
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
7.403.244 |
|
Profit (Loss) for the period |
70.415 |
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.729.406 |
|
Profit (Loss) for the period |
100.974 |
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 |
|
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|
|
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 |
0,06 |
0,03 |
0,04 |
0,18 |
|
Elasticity Ratio |
Units |
0,94 |
0,97 |
0,96 |
0,80 |
|
Availability of stock |
Units |
0,35 |
0,31 |
0,27 |
0,20 |
|
Total Liquidity Ratio |
Units |
0,58 |
0,66 |
0,69 |
0,51 |
|
Quick Ratio |
Units |
0,10 |
0,06 |
0,05 |
0,02 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
0,39 |
0,50 |
0,90 |
2,38 |
|
Self Financing Ratio |
Units |
0,62 |
0,59 |
0,44 |
0,24 |
|
Capital protection Ratio |
Units |
0,87 |
0,87 |
0,91 |
0,68 |
|
Liabilities consolidation quotient |
Units |
0,11 |
0,19 |
0,26 |
0,18 |
|
Financing |
Units |
0,55 |
0,64 |
1,22 |
2,86 |
|
Permanent Indebtedness Ratio |
Units |
0,66 |
0,65 |
0,56 |
0,38 |
|
M/L term Debts Ratio |
Units |
0,04 |
0,07 |
0,12 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,06 |
n.c. |
1,00 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
11,38 |
25,03 |
14,63 |
1,78 |
|
Current ratio |
Units |
2,76 |
2,81 |
2,17 |
1,25 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,71 |
1,92 |
1,57 |
0,84 |
|
Structure's primary quotient |
Units |
10,71 |
22,53 |
11,54 |
1,07 |
|
Treasury's primary quotient |
Units |
0,29 |
0,16 |
0,11 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
160,90 |
170,25 |
228,23 |
408,81 |
|
Current Capital ( net ) |
Value |
2.988.635 |
2.940.983 |
2.882.303 |
312.424 |
|
RETURN |
|||||
|
Return on Sales |
% |
5,03 |
4,91 |
3,22 |
2,67 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
11,19 |
11,59 |
7,43 |
3,20 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
16,92 |
17,37 |
11,85 |
8,58 |
|
Return on Investment ( R.O.I. ) |
% |
10,72 |
10,98 |
5,93 |
4,36 |
|
Return/ Sales |
% |
6,43 |
6,64 |
4,21 |
3,63 |
|
Extra Management revenues/charges incid. |
% |
64,93 |
61,98 |
54,95 |
23,99 |
|
Cash Flow |
Value |
419.907 |
381.765 |
252.557 |
112.609 |
|
Operating Profit |
Value |
536.859 |
517.041 |
330.647 |
127.644 |
|
Gross Operating Margin |
Value |
608.187 |
578.369 |
401.525 |
230.719 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
99,36 |
122,71 |
n.c. |
101,46 |
|
Debts to suppliers average term |
Days |
72,21 |
59,96 |
n.c. |
94,66 |
|
Average stock waiting period |
Days |
76,72 |
66,96 |
67,82 |
56,34 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,67 |
1,65 |
1,41 |
1,34 |
|
Rate of stock return |
Units |
4,69 |
5,38 |
5,31 |
6,30 |
|
Labour cost incidence |
% |
6,65 |
6,62 |
6,43 |
12,44 |
|
Net financial revenues/ charges incidence |
% |
-0,19 |
-0,47 |
-0,52 |
-1,48 |
|
Labour cost on purchasing expenses |
% |
6,99 |
7,07 |
6,17 |
12,90 |
|
Short-term financing charges |
% |
1,99 |
2,16 |
1,42 |
3,49 |
|
Capital on hand |
% |
60,04 |
60,50 |
71,04 |
74,43 |
|
Sales pro employee |
Value |
38.812 |
486.357 |
523.651 |
253.464 |
|
Labour cost pro employee |
Value |
2.579 |
32.191 |
33.645 |
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.
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.
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 moderately risky.
In the region 9.333 protested subjects are found; in the province they
count to 2.345.
The insolvency index for the region is 0,62, , while for the province it
is 0,76.
Total Bankrupt companies in the province : 1.502.
Total Bankrupt companies in the region : 6.005.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.61 |
|
|
1 |
Rs.94.39 |
|
Euro |
1 |
Rs.67.96 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ASH |
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.