|
Report No. : |
352150 |
|
Report Date : |
28.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
BIEFFEBI SRL |
|
|
|
|
Registered Office : |
Via Frullo, 1 Quarto Inferiore 40057 - Granarolo Dell'emilia (BO) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
01.07.1960 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of Metal Forming Machinery and Tool Machines. |
|
|
|
|
No. of Employees : |
From 16 to 25 |
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 |
|
Fiscal
Code |
: |
00307350371 |
|
Legal
Form |
: |
Limited
liability company |
|
start
of Activities |
: |
01/07/1960 |
|
Equity |
: |
200.000
|
|
Turnover
Range |
: |
2.250.000/3.000.000
|
|
Number
of Employees |
: |
from
16 to 25 |
Manufacture
of metal forming machinery and tool machines
Legal
Form : Limited liability company
|
Fiscal
Code : 00307350371 |
|
Foreign
Trade Reg. no. : 993 of Bologna |
|
Chamber
of Commerce no. : 143157 of Bologna since 14/07/1960 |
|
V.A.T.
Code : 00500991203 |
|
Tribunal
Co. Register : 13419 of |
|
Foundation
date |
:
01/07/1960 |
|
|
Establishment
date |
:
01/07/1960 |
|
|
Start
of Activities |
:
01/07/1960 |
|
|
Legal
duration |
:
31/12/2050 |
|
|
Nominal
Capital |
:
81.685 |
|
|
Subscribed
Capital |
:
81.685 |
|
|
Paid
up Capital |
:
81.685 |
|
Legal
mail : |
BIEFFEBI@LAMIAPEC.IT |
|
|
Malaguti |
Ione |
|
|
Born
in Crevalcore |
(BO) |
on
04/12/1924 |
-
Fiscal Code : MLGNIO24T44D166U |
|
|
Residence: |
Jussi |
,
117 |
-
40068 |
San
Lazzaro di Savena |
(BO) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
23/07/2014 |
|
|
Sambri |
Paola |
|
|
Born
in Bologna |
(BO) |
on
23/05/1962 |
-
Fiscal Code : SMBPLA62E63A944M |
|
|
Residence: |
Jussi |
,
117 |
-
40068 |
San
Lazzaro di Savena |
(BO) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Board
Chairman |
23/07/2014 |
||
|
Director |
23/07/2014 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Sambri |
Stefano |
|
|
Born
in Bologna |
(BO) |
on
16/03/1959 |
-
Fiscal Code : SMBSFN59C16A944P |
|
|
Residence: |
Jussi |
,
117 |
-
40068 |
San
Lazzaro di Savena |
(BO) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
23/07/2014 |
||
|
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.
|
|
Sambri |
Paola |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Logiman
Srl |
Granarolo
dell'Emilia (BO) - IT - |
02079001208 |
Director |
Active |
Registered |
|
Logiman
Srl |
Granarolo
dell'Emilia (BO) - IT - |
02079001208 |
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 |
|
Malaguti
Ione |
San
Lazzaro di Savena - IT - |
MLGNIO24T44D166U |
272
.Eur |
0,33 |
|
Sambri
Paola |
San
Lazzaro di Savena - IT - |
SMBPLA62E63A944M |
36.621
.Eur |
44,83 |
|
Sambri
Stefano |
San
Lazzaro di Savena - IT - |
SMBSFN59C16A944P |
44.790
.Eur |
54,83 |
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 |
|
Frullo |
,
1 |
-
40057 |
-
Granarolo dell'Emilia |
(BO) |
-
IT - |
|
PHONE |
:
051768580 |
|
Legal
mail |
:
BIEFFEBI@LAMIAPEC.IT |
|
Employees |
:
19 |
|
Fittings
and Equipment for a value of 120.000 |
Eur |
|
Stocks
for a value of 1.790.000 |
Eur |
The
firm operates abroad as exporter..
Export
represents more than 50% of the global turnover.
Products
abroad are placed by :
|
-
direct orders from foreign companies |
Export
is mainly towards:
|
-
France |
|
-
Italy |
|
-
Bulgaria |
|
-
Hungary |
|
-
Austria |
|
-
Great Britain |
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.
Subject
is active since 1960
Balance
sheets for the years 2012, 2013 and 2014 were analyzed.
Unstable
economic results mark the company's financial state of affairs. anyway in 2014
a positive result was achieved (r.o.e. 50,37%). The turnover is growing in the
last financial year (+26,25%).
The
operating result in 2014 was positive (6,35%) and in line with the sector's
average.
An
operating result of Eur. 195.008 has been registered. rising (+more then 100%)
in relation to the previous year.
The
gross operating margin of the latest financial year is of Eur. 219.816 showing
an upward trend if compared to 2013.
Short-term
debts volume if compared to net worth, as it comes out from the total
indebtedness (10,92) which is anyway decreasing.
It's
shareholders funds amount to Eur. 164.577 , with an upward trend.
Total
debts recorded amounted to Eur. 2.404.583 (Eur. 574.999 of which were m/l term
debts) with no important change.
The
company makes frequent use of bank credit; the recourse to suppliers credit is
also high besides being higher than sector's average.
Liquid
assets are good.
Accounts
receivable average term is high (143,69 days). even higher than the average of
the specific sector.
During
financial year 2014 the cash flow amounted to Eur. 107.700
During
2014 financial year labour costs amounted to Eur. 1.007.609, with a 40,33%
incidence on production costs. , whereas the incidence on sales revenues is of
37,88%.
Financial
charges have a high incidence (-2,46%) on turnover figures.
|
|
Complete
balance-sheet for the year |
al
31/12/2014 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
2.659.904 |
|
Profit
(Loss) for the period |
82.892 |
|
|
Complete
balance-sheet for the year |
al
31/12/2013 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
2.106.765 |
|
Profit
(Loss) for the period |
-468.217 |
|
|
Complete
balance-sheet for the year |
al
31/12/2012 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
2.665.645 |
|
Profit
(Loss) for the period |
13.147 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
0,05 |
0,04 |
0,03 |
0,17 |
|
Elasticity
Ratio |
Units |
0,95 |
0,96 |
0,97 |
0,80 |
|
Availability
of stock |
Units |
0,58 |
0,54 |
0,54 |
0,27 |
|
Total
Liquidity Ratio |
Units |
0,37 |
0,42 |
0,42 |
0,50 |
|
Quick
Ratio |
Units |
0,01 |
0,02 |
0,01 |
0,03 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net
Short-term indebtedness |
Units |
10,92 |
27,04 |
5,14 |
3,14 |
|
Self
Financing Ratio |
Units |
0,05 |
0,02 |
0,14 |
0,19 |
|
Capital
protection Ratio |
Units |
0,00 |
-1,84 |
-0,30 |
0,68 |
|
Liabilities
consolidation quotient |
Units |
0,59 |
0,47 |
0,17 |
0,18 |
|
Financing |
Units |
14,61 |
34,60 |
5,21 |
3,79 |
|
Permanent
Indebtedness Ratio |
Units |
0,40 |
0,33 |
0,27 |
0,34 |
|
M/L
term Debts Ratio |
Units |
0,35 |
0,31 |
0,13 |
0,09 |
|
Net
Financial Indebtedness Ratio |
Units |
7,60 |
18,48 |
2,88 |
0,77 |
|
CORRELATION |
|||||
|
Fixed
assets ratio |
Units |
8,67 |
7,73 |
7,75 |
1,75 |
|
Current
ratio |
Units |
1,60 |
1,44 |
1,32 |
1,23 |
|
Acid
Test Ratio-Liquidity Ratio |
Units |
0,62 |
0,62 |
0,58 |
0,78 |
|
Structure's
primary quotient |
Units |
1,15 |
0,55 |
4,09 |
1,04 |
|
Treasury's
primary quotient |
Units |
0,02 |
0,03 |
0,01 |
0,05 |
|
Rate
of indebtedness ( Leverage ) |
% |
1865,96 |
4182,85 |
711,10 |
518,96 |
|
Current
Capital ( net ) |
Value |
1.098.168 |
992.518 |
907.874 |
406.983 |
|
RETURN |
|||||
|
Return
on Sales |
% |
4,05 |
-21,02 |
5,01 |
3,69 |
|
Return
on Equity - Net- ( R.O.E. ) |
% |
50,37 |
-573,20 |
2,39 |
5,16 |
|
Return
on Equity - Gross - ( R.O.E. ) |
% |
78,80 |
-552,13 |
5,48 |
17,72 |
|
Return
on Investment ( R.O.I. ) |
% |
6,35 |
-10,59 |
-13,46 |
3,94 |
|
Return/
Sales |
% |
7,33 |
-17,18 |
-19,75 |
4,48 |
|
Extra
Management revenues/charges incid. |
% |
42,51 |
n.c. |
n.c. |
26,52 |
|
Cash
Flow |
Value |
107.700 |
-442.859 |
133.451 |
142.024 |
|
Operating
Profit |
Value |
195.008 |
-361.949 |
-526.466 |
126.602 |
|
Gross
Operating Margin |
Value |
219.816 |
-336.591 |
-406.162 |
241.461 |
|
MANAGEMENT |
|||||
|
Credits
to clients average term |
Days |
143,69 |
221,16 |
193,69 |
116,01 |
|
Debts
to suppliers average term |
Days |
152,86 |
119,48 |
118,76 |
127,79 |
|
Average
stock waiting period |
Days |
242,55 |
315,72 |
286,62 |
96,89 |
|
Rate
of capital employed return ( Turnover ) |
Units |
0,87 |
0,62 |
0,68 |
1,03 |
|
Rate
of stock return |
Units |
1,48 |
1,14 |
1,26 |
3,58 |
|
Labour
cost incidence |
% |
37,88 |
52,61 |
45,01 |
21,20 |
|
Net
financial revenues/ charges incidence |
% |
-2,46 |
-4,23 |
-2,38 |
-1,00 |
|
Labour
cost on purchasing expenses |
% |
40,33 |
44,31 |
37,36 |
20,95 |
|
Short-term
financing charges |
% |
2,72 |
3,15 |
2,21 |
2,70 |
|
Capital
on hand |
% |
115,45 |
162,18 |
146,69 |
96,90 |
|
Sales
pro employee |
Value |
85.803 |
61.963 |
72.044 |
191.520 |
|
Labour
cost pro employee |
Value |
32.503 |
32.597 |
32.424 |
39.641 |
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 |
:
|
944.297 |
|
Population
living in the region |
:
|
4.151.369 |
|
Number
of families in the region |
:
|
1.748.359 |
Monthly
family expences average in the region (in Eur..) :
|
-
per food products |
:
|
425 |
|
-
per non food products |
:
|
2.063 |
|
-
per energy consume |
:
|
143 |
The
values are calculated on a base of 45 significant companies.
The
companies cash their credits on an average of 116 dd.
The
average duration of suppliers debts is about 128 dd.
The
sector's profitability is on an average of 3,69%.
The
labour cost affects the turnover in the measure of 21,20%.
Goods
are held in stock in a range of 97 dd.
The
difference between the sales volume and the resources used to realize it is
about 1,03.
The
employees costs represent the 20,95% of the production costs.
Statistcally
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
3.720.
The
insolvency index for the region is 0,46, , while for the province it is 0,40.
Total
Bankrupt companies in the province : 4.335.
Total
Bankrupt companies in the region : 14.698.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.75 |
|
|
1 |
Rs.100.68 |
|
Euro |
1 |
Rs.70.88 |
|
ITL |
1 |
Rs.70.77 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
NIT |
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.