MIRA INFORM REPORT
|
Report No. : |
347815 |
|
Report Date : |
02.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
ARIANE PORCELAIN EUROPE S.R.L. |
|
|
|
|
Registered Office : |
Via San Pietro, 83, 41049 – Sassuolo (MO) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
24.06.2014 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of China and Porcelain |
|
|
|
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No. of Employees : |
From 1 to 5 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 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 |
Company
name & address
ARIANE PORCELAIN EUROPE S.R.L.
Via San Pietro, 83
41049 – Sassuolo (MO) -IT-
Summary
|
Fiscal Code |
: |
03580800369 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
24/06/2014 |
|
Equity |
: |
15.000 |
|
Turnover Range |
: |
250.000/375.000 |
|
Number of Employees |
: |
from 1 to 5 |
Activity
Wholesale of China and Porcelain
Legal
Data
Legal Form : Limited liability company
|
Fiscal Code : 03580800369 |
|
Chamber of Commerce no. : 400191 of Modena since 13/06/2014 |
|
V.A.T. Code : 03580800369 |
|
Establishment date |
: 03/06/2014 |
|
|
Start of Activities |
: 24/06/2014 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 10.000 |
|
|
Subscribed Capital |
: 10.000 |
|
|
Paid up Capital |
: 10.000 |
|
Legal mail : |
ARIANEPORCELAINEUROPE@SIRBOPEC.ORG |
Members
|
|
Galeotti |
Alberto |
|
|
Born in Castel San Pietro Terme |
(BO) |
on 28/10/1965 |
- Fiscal Code : GLTLRT65R28C265X |
|
|
Residence: |
San Martino |
, 76 |
- 40024 |
Castel San Pietro Terme |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
03/06/2014 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Massaad Khater |
|
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.
|
|
Galeotti |
Alberto |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Dimensione Impresa S.r.l. |
Castel San Pietro Terme (BO) - IT - |
00804281202 |
Director |
Active |
Registered |
|
Iniziativa Medica Castellana S.r.l. In Liquidazione |
Castel San Pietro Terme (BO) - IT - |
02736951209 |
Liquidator |
Withdrawn |
Registered |
|
Kmg Srl |
Sassuolo (MO) - IT - |
03503350369 |
Sole Director |
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 |
|
Massaad Khater |
MSSKTR53H17Z133T |
6.000 .Eur |
60,00 |
|
|
Saxod Jean-luc, Louis |
SXDJLC59E14Z110V |
1.000 .Eur |
10,00 |
|
|
Desoutter Benoit Jean-marie Claude |
DSTBTJ79R29Z110R |
1.000 .Eur |
10,00 |
|
|
Massaad Ariane |
MSSRNA86D57Z133S |
1.000 .Eur |
10,00 |
|
|
Drecq Thierry |
DRCTRR58D04Z110H |
1.000 .Eur |
10,00 |
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 |
|
San Pietro |
, 83 |
- 41049 |
- Sassuolo |
(MO) |
- IT - |
|
Legal mail |
: ARIANEPORCELAINEUROPE@SIRBOPEC.ORG |
|
Stocks for a value of 250.000 |
Eur |
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
The company has been recently established.
The following analysis has been made on the basis of the b/s for the
year 2014.
It suffered a loss in 2014.
The operating result is a loss (-14,99%).
The amount of the operating loss for 2014 is equal to Eur. -80.606.
At the end of the latest financial year, a negative gross operating
margin of Eur. -79.038 was registered.
Net worth does not allow a regular management, short-term debts volume
is considerably high, with an high indebtedness volume on the whole (42,96)
Subject's equity capital amounted to Eur. 10.397.
Debts amount to Eur. 527.397.
Financial indebtedness is considered fair whereas the recourse to commercial
borrowings is high besides being higher than sector's average.
Neverthless available funds are good.
As far as the collection of credit goes, the average is high (207,68
days). also in relation to the average of the sector.
The financial management generated a negative cash flow (Eur. -79.035).
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
283.035 |
|
Profit (Loss) for the period |
-80.603 |
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 31/12/2014 - 12 Mesi - Currency: - Amounts x 1 |
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RATIOS |
Value Type |
as at 31/12/2014 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|||
|
Rigidity Ratio |
Units |
0,01 |
0,09 |
|
Elasticity Ratio |
Units |
0,98 |
0,89 |
|
Availability of stock |
Units |
0,47 |
0,26 |
|
Total Liquidity Ratio |
Units |
0,51 |
0,54 |
|
Quick Ratio |
Units |
0,15 |
0,03 |
|
COMPOSITION ON
SOURCE |
|||
|
Net Short-term indebtedness |
Units |
42,96 |
3,95 |
|
Self Financing Ratio |
Units |
0,02 |
0,17 |
|
Capital protection Ratio |
Units |
7,79 |
0,62 |
|
Liabilities consolidation quotient |
Units |
n.c. |
0,10 |
|
Financing |
Units |
50,73 |
4,85 |
|
Permanent Indebtedness Ratio |
Units |
0,02 |
0,29 |
|
M/L term Debts Ratio |
Units |
n.c. |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
2,95 |
1,04 |
|
CORRELATION |
|||
|
Fixed assets ratio |
Units |
3,48 |
2,37 |
|
Current ratio |
Units |
1,00 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,52 |
0,80 |
|
Structure's primary quotient |
Units |
3,48 |
1,48 |
|
Treasury's primary quotient |
Units |
0,15 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
5172,59 |
602,26 |
|
Current Capital ( net ) |
Value |
-93 |
191.984 |
|
RETURN |
|||
|
Return on Sales (R.O.S.) |
% |
-27,92 |
2,03 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-775,25 |
6,31 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-775,25 |
17,00 |
|
Return on Investment ( R.O.I. ) |
% |
-14,99 |
4,18 |
|
Return/ Sales |
% |
-28,48 |
3,46 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
27,96 |
|
Cash Flow |
Value |
-79.035 |
44.823 |
|
Operating Profit |
Value |
-80.606 |
74.603 |
|
Gross Operating Margin |
Value |
-79.038 |
111.383 |
|
MANAGEMENT |
|||
|
Credits to clients average term |
Days |
207,68 |
113,70 |
|
Debts to suppliers average term |
Days |
244,98 |
118,14 |
|
Average stock waiting period |
Days |
319,00 |
72,90 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,53 |
1,25 |
|
Rate of stock return |
Units |
1,13 |
4,88 |
|
Labour cost incidence |
% |
n.c. |
8,14 |
|
Net financial revenues/charges incidence |
% |
0,00 |
-1,38 |
|
Labour cost on purchasing expenses |
% |
n.c. |
8,25 |
|
Short-term financing charges |
% |
n.c. |
2,76 |
|
Capital on hand |
% |
190,01 |
79,85 |
|
Sales pro employee |
Value |
397.742 |
|
|
Labour cost pro employee |
Value |
33.267 |
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.
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 9.175 significant companies.
The companies cash their credits on an average of 114 dd.
The average duration of suppliers debts is about 118 dd.
The sector's profitability is on an average of 2,03%.
The labour cost affects the turnover in the measure of 8,14%.
Goods are held in stock in a range of 73 dd.
The difference between the sales volume and the resources used to
realize it is about 1,25.
The employees costs represent the 8,25% of the production costs.
Statistical
Detrimental Data
Statistically the trade activity shows periods of crisis.
The area is statistically considered lowly risky.
In the region 18.860 protested subjects are found; in the province they
count to 3.557.
The insolvency index for the region is 0,46, , while for the province it
is 0,55.
Total Bankrupt companies in the province : 2.526.
Total Bankrupt companies in the region : 14.698.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.22 |
|
|
1 |
Rs.99.93 |
|
Euro |
1 |
Rs.71.67 |
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.