MIRA INFORM REPORT
|
Report No. : |
352103 |
|
Report Date : |
30.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
VITAL SRL |
|
|
|
|
Registered Office : |
Via Miglioli, 53 20090 - Segrate
(MI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
26.03.1991 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Wholesale of ironmongery and other metals (hardware) |
|
|
|
|
Employees: |
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 : |
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 and address
VITAL SRL
Via Miglioli, 53
20090 - Segrate
(MI) -IT-
Summary
|
Fiscal Code |
: |
10202250154 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
26/03/1991 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
12.750.000/15.500.000 |
|
Number of Employees |
: |
from 16 to 25 |
Activity
Wholesale of ironmongery and other metals (hardware)
Legal
Data
Legal Form : Limited liability company
|
Fiscal Code : 10202250154 |
|
Foreign Trade Reg. no. : 154415 of Milano |
|
Chamber of Commerce no. : 1351974 of Milano since 27/12/1990 |
|
V.A.T. Code : 10202250154 |
|
Establishment date |
: 16/11/1990 |
|
|
Start of Activities |
: 26/03/1991 |
|
|
Legal duration |
: 31/12/2040 |
|
|
Nominal Capital |
: 520.000 |
|
|
Subscribed Capital |
: 520.000 |
|
|
Paid up Capital |
: 520.000 |
|
Legal mail : |
AMMINISTRAZIONE@VITAL.LEGALMAIL.IT |
Members
|
|
Luraghi |
Mario |
|
|
Born in Legnano |
(MI) |
on 06/05/1956 |
- Fiscal Code : LRGMRA56E06E514W |
|
|
Residence: |
Damiano Chiesa |
, 6 |
- 20025 |
Legnano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
20/10/2015 |
|
|
Bernasconi |
Dario |
|
|
Born in Malnate |
(VA) |
on 21/07/1943 |
- Fiscal Code : BRNDRA43L21E863Y |
|
|
Residence: |
Umbria |
, 21/A |
- 20068 |
Peschiera Borromeo |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
29/12/2014 |
||
|
Director |
29/12/2014 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Pesce |
Daniele |
|
|
Born in Monza |
(MB) |
on 20/02/1975 |
- Fiscal Code : PSCDNL75B20F704M |
|
|
Residence: |
Umbria |
, 16/A |
- 20068 |
Peschiera Borromeo |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Bernasconi Luca |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Pesce |
Stefano |
|
|
Born in Monza |
(MB) |
on 28/06/1976 |
- Fiscal Code : PSCSFN76H28F704G |
|
|
Residence: |
Umbria |
, 16/D |
- 20068 |
Peschiera Borromeo |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/12/2014 |
||
|
Managing Director |
29/12/2014 |
|
|
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.
|
|
Bernasconi |
Dario |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Vital Immobiliare S.r.l. |
Segrate (MI) - IT - |
00612760165 |
Managing Director |
Withdrawn |
Registered |
|
Vital Immobiliare S.r.l. |
Segrate (MI) - IT - |
00612760165 |
Director |
Active |
Registered |
|
Vital Immobiliare S.r.l. |
Segrate (MI) - IT - |
00612760165 |
Board Chairman |
Active |
Registered |
|
|
Pesce |
Stefano |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Vital Immobiliare S.r.l. |
Segrate (MI) - IT - |
00612760165 |
Director |
Active |
Registered |
|
Vital Immobiliare S.r.l. |
Segrate (MI) - IT - |
00612760165 |
Managing Director |
Active |
Registered |
|
Pesce Stefano |
Peschiera Borromeo (MI) - IT - |
PSCSFN76H28F704G |
Proprietor |
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 |
|
Pesce Daniele |
Peschiera Borromeo - IT - |
PSCDNL75B20F704M |
148.200 .Eur |
28,50 |
|
Bernasconi Luca |
BRNLCU77B17F205I |
197.600 .Eur |
38,00 |
|
|
Pesce Stefano |
Peschiera Borromeo - IT - |
PSCSFN76H28F704G |
148.200 .Eur |
28,50 |
|
Luraghi Alessandro |
LRGLSN84A31H212N |
26.000 .Eur |
5,00 |
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 |
|
Vital Immobiliare S.r.l. |
Segrate - IT - |
00612760165 |
2.600 .Eur |
25,00 |
Active |
||
|
E.p. Vit S.r.l. |
Tribiano - IT - |
03284740960 |
27.540 .Eur |
51,00 |
Active |
Firm's
location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
Miglioli |
, 53 |
- 20090 |
- Segrate |
(MI) |
- IT - |
|
PHONE |
: 02269811 |
|
Legal mail |
: AMMINISTRAZIONE@VITAL.LEGALMAIL.IT |
|
- |
Branch |
(Warehouse) |
since 01/07/2002 |
|
Miglioli |
, 59 |
- 20090 |
- Segrate |
(MI) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 01/07/2002 |
|
Miglioli |
, 63 |
- 20090 |
- Segrate |
(MI) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 15/11/2003 |
|
Miglioli |
, 61 |
- 20090 |
- Segrate |
(MI) |
- IT - |
|
Employees |
: 22 |
|
Fittings and Equipment for a value of 200.000 |
Eur |
|
Stocks for a value of 5.170.000 |
Eur |
The firm operates abroad as importer / exporter..
To purchase foreign products the firm uses the following channels :
|
- direct orders to foreign companies |
Export represents from 20% to 50% of the global turnover.
Products abroad are placed by :
|
- direct orders from foreign companies |
Export is mainly towards:
|
- Bulgaria |
Historical
Information and/or Firm's Status
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of merging by taking over of |
|
|
|
|
Per Villa Cortese |
, 86 |
, 20025 |
, Legnano |
(MI) |
- IT - |
|
|
Fiscal Code: 04193560960 |
|
|
Date |
Merging/splitting-up project: |
22/06/2015 |
|
|
The firm absorbed by merging of |
|
|
|
|
Per Villa Cortese |
, 86 |
, 20025 |
, Legnano |
(MI) |
- IT - |
|
|
Fiscal Code: 04193560960 |
|
|
Date |
: |
20/10/2015 |
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 is active since 1991
The analysis is based on the latest 3 balance sheets.
During the last years, it recorded positive net results (r.o.e. 1,24% in
2014) but without a significant increase in the turnover.
The operating result in 2014 was positive (3,6%) falling within the
field's average.
The amount of the operating result for the year 2014 is of Eur. 577.483
with a 34,58% growth.
The G.O.M. amounted to Eur. 826.932 showing an upward trend if compared
to 2013.
The analysis shows a fair financial position as the indebtedness volume
is acceptable (3,27) yet on the increase as against the previous accounting
period.
It's shareholders funds amount to Eur. 3.391.459 on the same levels as
the year before.
During the last financial year total debts volume reached Eur.
12.096.597 (Eur. 992.724 were m/l term ones) on the same levels as the year
before.
Bank borrowings' volume is slightly high but it modestly dips into
suppliers credit, 64,46 gg. is the payments' average time below the sector's
average.
Payments are supported by good current assets.
Accounts receivable average term is high (163,56 days). also in relation
to the average of the sector.
During financial year 2014 the cash flow amounted to Eur. 265.663
In the last financial year labour cost was of Eur. 920.476, with a 6,54%
incidence on total costs of production. , with a 6,29% incidence on turnover.
Finacial chareges are high: the incidence on sales volume amounts to
-2,87%
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
14.636.494 |
|
Profit (Loss) for the period |
41.986 |
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
13.898.254 |
|
Profit (Loss) for the period |
133.817 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
15.495.587 |
|
Profit (Loss) for the period |
114.943 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
18.898.557 |
|
Profit (Loss) for the period |
349.652 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
13.763.257 |
|
Profit (Loss) for the period |
73.701 |
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 |
|
- 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 |
0,16 |
0,16 |
0,15 |
0,11 |
|
Elasticity Ratio |
Units |
0,83 |
0,83 |
0,85 |
0,87 |
|
Availability of stock |
Units |
0,32 |
0,31 |
0,35 |
0,22 |
|
Total Liquidity Ratio |
Units |
0,51 |
0,53 |
0,50 |
0,56 |
|
Quick Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,02 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
3,27 |
2,45 |
2,05 |
3,81 |
|
Self Financing Ratio |
Units |
0,21 |
0,26 |
0,29 |
0,17 |
|
Capital protection Ratio |
Units |
0,83 |
0,83 |
0,85 |
0,65 |
|
Liabilities consolidation quotient |
Units |
0,12 |
0,14 |
0,15 |
0,12 |
|
Financing |
Units |
3,57 |
2,69 |
2,30 |
4,72 |
|
Permanent Indebtedness Ratio |
Units |
0,30 |
0,35 |
0,38 |
0,30 |
|
M/L term Debts Ratio |
Units |
0,08 |
0,09 |
0,09 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
2,79 |
2,03 |
1,93 |
1,28 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,79 |
2,19 |
2,49 |
2,06 |
|
Current ratio |
Units |
1,20 |
1,31 |
1,41 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,74 |
0,83 |
0,82 |
0,84 |
|
Structure's primary quotient |
Units |
1,28 |
1,65 |
1,89 |
1,28 |
|
Treasury's primary quotient |
Units |
0,00 |
0,00 |
0,00 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
473,48 |
383,60 |
341,60 |
591,61 |
|
Current Capital ( net ) |
Value |
2.242.480 |
2.929.812 |
3.589.571 |
219.071 |
|
RETURN |
|||||
|
Return on Sales |
% |
1,82 |
2,60 |
2,02 |
2,22 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
1,24 |
3,44 |
2,67 |
6,27 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
4,59 |
6,81 |
6,40 |
15,95 |
|
Return on Investment ( R.O.I. ) |
% |
3,60 |
2,87 |
-2,40 |
4,19 |
|
Return/ Sales |
% |
3,95 |
3,09 |
-2,28 |
3,42 |
|
Extra Management revenues/charges incid. |
% |
7,27 |
31,19 |
n.c. |
29,26 |
|
Cash Flow |
Value |
265.663 |
361.079 |
313.069 |
61.669 |
|
Operating Profit |
Value |
577.483 |
429.091 |
-352.697 |
95.558 |
|
Gross Operating Margin |
Value |
826.932 |
683.486 |
-129.179 |
144.934 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
163,56 |
160,77 |
164,24 |
120,94 |
|
Debts to suppliers average term |
Days |
64,46 |
67,26 |
40,40 |
120,04 |
|
Average stock waiting period |
Days |
127,16 |
119,12 |
119,53 |
61,92 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,91 |
0,93 |
1,05 |
1,27 |
|
Rate of stock return |
Units |
2,83 |
3,02 |
3,01 |
5,74 |
|
Labour cost incidence |
% |
6,29 |
6,30 |
4,75 |
7,77 |
|
Net financial revenues/ charges incidence |
% |
-2,87 |
-1,69 |
-0,85 |
-1,26 |
|
Labour cost on purchasing expenses |
% |
6,54 |
6,49 |
4,64 |
7,90 |
|
Short-term financing charges |
% |
3,63 |
2,88 |
3,98 |
2,67 |
|
Capital on hand |
% |
109,71 |
107,48 |
94,90 |
78,39 |
|
Sales pro employee |
Value |
522.731 |
514.750 |
673.721 |
437.713 |
|
Labour cost pro employee |
Value |
32.874 |
32.431 |
32.030 |
33.928 |
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 6.137 significant companies.
The companies cash their credits on an average of 121 dd.
The average duration of suppliers debts is about 120 dd.
The sector's profitability is on an average of 2,22%.
The labour cost affects the turnover in the measure of 7,77%.
Goods are held in stock in a range of 62 dd.
The difference between the sales volume and the resources used to
realize it is about 1,27.
The employees costs represent the 7,90% of the production costs.
Statistical
Detrimental Data
Statistcally the trade activity shows periods of crisis.
The area is statistically considered lowly risky.
In the region 50.886 protested subjects are found; in the province they
count to 24.765.
The insolvency index for the region is 0,55, , while for the province it
is 0,66.
Total Bankrupt companies in the province : 22.523.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.75 |
|
|
1 |
Rs.100.68 |
|
Euro |
1 |
Rs.70.88 |
|
Euro |
1 |
Rs.70.77 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
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 |
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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.