|
Report No. : |
349660 |
|
Report Date : |
20.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
ODIBI S.R.L. |
|
|
|
|
Registered Office : |
Via Venezia, 35, 33085 – Maniago (PN) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
04.03.1996 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of fire-prevention and accident-prevention goods |
|
|
|
|
No. of Employee : |
From 11 to 15 |
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 – 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 |
ODIBI S.R.L.
Via Venezia, 35,
33085 – Maniago
(PN) -IT-
|
Fiscal Code |
: |
01312830936 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
23/09/1996 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
10.000.000/12.750.000 |
|
Number of Employees |
: |
from 11 to 15 |
Wholesale of fire-prevention and accident-prevention goods
Legal Form : Limited liability company
|
Fiscal Code : 01312830936 |
|
Foreign Trade Reg. no. : PN014122 since 10/03/1997 |
|
Chamber of Commerce no. : 56855 of Pordenone since 29/04/1996 |
|
Firms' Register : PN-1996-59042 of Pordenone since 27/06/1996 |
|
V.A.T. Code : 01312830936 |
|
R. E. C. no. : 19699 of Pordenone since 09/09/1996 |
|
Establishment date |
: 04/03/1996 |
|
|
Start of Activities |
: 23/09/1996 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 10.400 |
|
|
Subscribed Capital |
: 10.400 |
|
|
Paid up Capital |
: 10.400 |
|
Legal mail : |
ODIBI@PEC.ODIBI.IT |
|
Di Bon |
Orlando |
|
Born in Maniago |
(PN) |
on 30/07/1946 |
- Fiscal Code : DBNRND46L30E889N |
|
Residence: |
Sacile |
, 6 |
- 33085 |
Maniago |
(PN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
21/05/2007 |
||
|
Board Chairman |
21/05/2007 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Venier |
Carla |
|
Born in Maniago |
(PN) |
on 12/03/1970 |
- Fiscal Code : VNRCRL70C52E889G |
|
Residence: |
Sacile |
, 6 |
- 33085 |
Maniago |
(PN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
21/05/2007 |
||
|
Partner |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Di Bon |
Orlando |
|
Born |
on 30/07/1946 |
- Fiscal Code : DBNRND46L30E889N |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
No Prejudicial events are reported |
|
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.
|
Di Bon |
Orlando |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Odibi Import Export Di Di Bon Orlando |
Maniago (PN) - IT - |
DBNRND46L30E889N |
Proprietor |
Withdrawn |
Ceased |
|
Societa' Cooperativa Sociale San Mauro |
Maniago (PN) - IT - |
01251760938 |
Director |
Active |
Registered |
|
Orma S.r.l. |
Maniago (PN) - IT - |
01555240934 |
Director |
Active |
Registered |
|
Orma S.r.l. |
Maniago (PN) - IT - |
01555240934 |
Board Chairman |
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 |
|
Venier Carla |
Maniago - IT - |
VNRCRL70C52E889G |
4.160 .Eur |
40,00 |
|
Di Bon Orlando |
DBNRND46L30E889N |
6.240 .Eur |
60,00 |
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 |
|
Venezia |
, 35 |
- 33085 |
- Maniago |
(PN) |
- IT - |
|
PHONE |
: 042771813 |
|
PHONE |
: 0427701211 |
|
Legal mail |
: ODIBI@PEC.ODIBI.IT |
|
Employees |
: 11 |
|
Fittings and Equipment for a value of 62.000 |
Eur |
|
Stocks for a value of 7.230.000 |
Eur |
Trade organization: direct or by agents.
Sales area on a national scale.
CEASINGS/INCORPORATIONS/MERGES:
|
Project of splitting-up and tranfer into |
|
Orma S.r.l. |
|
Sacile |
, 6 |
, 33085 |
, Maniago |
(PN) |
- IT - |
|
Fiscal Code: 01555240934 |
|
Date |
Merging/splitting-up project: |
15/10/2007 |
|
Splitting-up and transfer of assets to |
|
Orma S.r.l. |
|
Sacile |
, 6 |
, 33085 |
, Maniago |
(PN) |
- IT - |
|
Fiscal Code: 01555240934 |
|
Date |
Splitting-up: |
29/02/2008 |
Protests checking on the subject firm has given a negative result.
Search performed on a National Scale
|
Prejudicial Events Search Result: NEGATIVE |
Search performed on a specialized data base.
None reported, standing to the latest received edition of the Official
Publications.
The company is active since 1996
The economic-financial analysis has been made on the base of the b/s of
the latests three years.
During the last years, it recorded positive net results (r.o.e. 10,16%
in 2014) keeping the turnover steady during the last two years.
The operating result was positive in the last financial year (8,21%)
falling within the field's average.
The amount of the operating result is equal to Eur. 1.072.241 , with no
sizeable change as opposed to the year before.
A gross operating margine for a value of Eur. 1.529.750 was reached. ,
stable if compared to the year before.
The financial status of the company is fairly balanced with an
indebtedness level of 1,11
The equity capital is equal to Eur. 6.037.965 on the same levels as the
year before.
Total indebtedness amounts to Eur. 6.720.061, showing a stable trend as
opposed to 2013 (Eur. 6.474.326).
Bank exsposure is limited and the suppliers' credit is modest too, 49,27
gg. is the payment average period which is also lower than the sector average.
Payments are supported by good current assets.
Trade credits are collected slowly, average term is 129,05 days. within
the standard level of the average of the sector.
Eur. 1.071.051 is the value of cash flow during the year 2014
In the last financial year labour cost was of Eur. 695.705, with a 6,74%
incidence on total costs of production. and a 6,15% incidence on sales volumes.
If compared to the sales volume (-0,51%), the impact of the financial
charges is limited.
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
11.308.500 |
|
Profit (Loss) for the period |
613.542 |
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
11.158.914 |
|
Profit (Loss) for the period |
637.641 |
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
10.864.361 |
|
Profit (Loss) for the period |
799.828 |
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
11.887.900 |
|
Profit (Loss) for the period |
918.621 |
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
10.746.303 |
|
Profit (Loss) for the period |
714.673 |
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 |
|
- 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 |
|
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|
|
RATIOS |
Value Type |
as at 31/12/2014 |
as at 31/12/2013 |
as at 31/12/2012 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|||||
|
Rigidity Ratio |
Units |
0,03 |
0,03 |
0,02 |
0,10 |
|
Elasticity Ratio |
Units |
0,90 |
0,90 |
0,92 |
0,87 |
|
Availability of stock |
Units |
0,55 |
0,49 |
0,52 |
0,21 |
|
Total Liquidity Ratio |
Units |
0,35 |
0,41 |
0,40 |
0,61 |
|
Quick Ratio |
Units |
0,00 |
0,01 |
0,00 |
0,03 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
1,11 |
1,11 |
1,35 |
4,04 |
|
Self Financing Ratio |
Units |
0,46 |
0,45 |
0,41 |
0,16 |
|
Capital protection Ratio |
Units |
0,90 |
0,89 |
0,85 |
0,59 |
|
Liabilities consolidation quotient |
Units |
0,03 |
0,03 |
0,02 |
0,11 |
|
Financing |
Units |
1,11 |
1,13 |
1,36 |
4,85 |
|
Permanent Indebtedness Ratio |
Units |
0,48 |
0,47 |
0,42 |
0,26 |
|
M/L term Debts Ratio |
Units |
0,01 |
0,01 |
0,01 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
0,86 |
0,86 |
1,13 |
1,01 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
19,00 |
18,35 |
19,10 |
2,12 |
|
Current ratio |
Units |
1,75 |
1,76 |
1,64 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,67 |
0,81 |
0,71 |
0,88 |
|
Structure's primary quotient |
Units |
18,41 |
17,82 |
18,59 |
1,40 |
|
Treasury's primary quotient |
Units |
0,01 |
0,02 |
0,00 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
216,33 |
220,03 |
242,13 |
620,22 |
|
Current Capital ( net ) |
Value |
5.016.636 |
4.903.440 |
4.653.319 |
131.414 |
|
RETURN |
|||||
|
Return on Sales |
% |
9,47 |
8,91 |
7,96 |
2,27 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
10,16 |
11,14 |
14,85 |
6,70 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
16,80 |
18,39 |
21,29 |
18,85 |
|
Return on Investment ( R.O.I. ) |
% |
8,21 |
8,97 |
8,91 |
4,76 |
|
Return/ Sales |
% |
9,48 |
10,12 |
10,70 |
3,70 |
|
Extra Management revenues/charges incid. |
% |
57,22 |
56,44 |
68,83 |
28,15 |
|
Cash Flow |
Value |
1.071.051 |
994.323 |
865.092 |
39.655 |
|
Operating Profit |
Value |
1.072.241 |
1.129.799 |
1.161.952 |
63.123 |
|
Gross Operating Margin |
Value |
1.529.750 |
1.486.481 |
1.227.216 |
99.042 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
129,05 |
163,56 |
165,65 |
119,16 |
|
Debts to suppliers average term |
Days |
49,27 |
53,08 |
42,84 |
116,83 |
|
Average stock waiting period |
Days |
230,15 |
198,55 |
223,92 |
58,39 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,87 |
0,89 |
0,83 |
1,36 |
|
Rate of stock return |
Units |
1,56 |
1,81 |
1,61 |
6,14 |
|
Labour cost incidence |
% |
6,15 |
5,80 |
5,69 |
8,98 |
|
Net financial revenues/ charges incidence |
% |
-0,51 |
-0,69 |
-0,32 |
-1,08 |
|
Labour cost on purchasing expenses |
% |
6,74 |
6,40 |
6,19 |
8,98 |
|
Short-term financing charges |
% |
1,47 |
1,83 |
1,01 |
2,60 |
|
Capital on hand |
% |
115,50 |
112,88 |
120,05 |
73,17 |
|
Sales pro employee |
Value |
538.500 |
557.945 |
987.669 |
394.001 |
|
Labour cost pro employee |
Value |
33.128 |
32.340 |
56.151 |
34.340 |
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.
|
Population living in the province |
: |
297.699 |
|
Population living in the region |
: |
1.204.718 |
|
Number of families in the region |
: |
516.349 |
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
377 |
|
- per non food products |
: |
1.727 |
|
- per energy consume |
: |
114 |
The values are calculated on a base of 2.551 significant companies.
The companies cash their credits on an average of 119 dd.
The average duration of suppliers debts is about 117 dd.
The sector's profitability is on an average of 2,27%.
The labour cost affects the turnover in the measure of 8,98%.
Goods are held in stock in a range of 58 dd.
The difference between the sales volume and the resources used to
realize it is about 1,36.
The employees costs represent the 8,98% of the production costs.
Statistcally the trade activity shows periods of crisis.
The area is statistically considered lowly risky.
In the region 3.901 protested subjects are found; in the province they
count to 695.
The insolvency index for the region is 0,33, , while for the province it
is 0,24.
Total Bankrupt companies in the province : 1.260.
Total Bankrupt companies in the region : 5.085.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.11 |
|
|
1 |
Rs.101.03 |
|
Euro |
1 |
Rs.70.78 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.