MIRA
INFORM REPORT
|
Report No. : |
352398 |
|
Report Date : |
30.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
ZOFFOLI METALLI S.R.L. |
|
|
|
|
Registered Office : |
Via Stazione, 175 TAMARA 44030 – Copparo
(FE) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
02.11.1998 |
|
|
|
|
Legal Form : |
Sole-Member Limited Liability Company |
|
|
|
|
Line of Business : |
Recovery and preparation for recyclng of waste and metal scrap |
|
|
|
|
Employees: |
from 51 to 70 |
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 |
company name and
address
ZOFFOLI METALLI S.R.L.
Via Stazione, 175 TAMARA
44030 – Copparo (FE)
-IT-
Summary
|
Fiscal Code |
: |
01440690384 |
|
Legal Form |
: |
Sole-Member Limited Liability Company |
|
start of Activities |
: |
02/11/1998 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
100.000.000/150.000.000 |
|
Number of Employees |
: |
from 51 to 70 |
Activity
Recovery and preparation for recyclng of waste and metal scrap
Legal Data
Legal Form : Sole-Member Limited Liability Company
|
Fiscal Code : 01440690384 |
|
Chamber of Commerce no. : 168061 of Ferrara since 13/10/1998 |
|
Chamber of Commerce no. : 283795 of Forli' |
|
Firms' Register : FE-1998-27332 of Ferrara since 08/10/1998 |
|
V.A.T. Code : 01440690384 |
|
R. E. C. no. : 32936 of Ferrara since 10/11/1998 |
|
Establishment date |
: 20/07/1998 |
|
|
Start of Activities |
: 02/11/1998 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 4.000.000 |
|
|
Subscribed Capital |
: 4.000.000 |
|
|
Paid up Capital |
: 4.000.000 |
|
Legal mail : |
ZOFFOLIMETALLISRL@PEC.IT |
Members
|
|
Zoffoli |
Alessandro |
|
|
Born in Gambettola |
(FO) |
on 11/09/1962 |
- Fiscal Code : ZFFLSN62P11D899U |
|
|
Residence: |
Stazione |
, 130 |
- 44034 |
Copparo |
(FE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
07/06/2004 |
||
|
Legal representative |
08/06/2004 |
||
|
Board Chairman |
08/06/2004 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Zoffoli Holding S.p.a. |
|
|
Residence: |
Stazione |
, 175 |
- 44030 |
Copparo |
(FE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Zoffoli |
Roberto |
|
|
Born in Gambettola |
(FO) |
on 07/06/1947 |
- Fiscal Code : ZFFRRT47H07D899F |
|
|
Residence: |
Viole |
, 136 |
- 47035 |
Gambettola |
(FO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
07/06/2004 |
|
|
Di Mieri |
Benita |
|
|
Born in Savignano sul Rubicone |
(FO) |
on 30/08/1962 |
- Fiscal Code : DMRBNT62M70I472J |
|
|
Residence: |
Stazione |
, 130 |
- 44034 |
Copparo |
(FE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
07/06/1999 |
|
|
Marchi |
Roberto |
|
|
Born in Copparo |
(FE) |
on 13/09/1963 |
- Fiscal Code : MRCRRT63P13C980P |
|
|
Residence: |
Corrado Govoni |
, 10 |
- 44034 |
Copparo |
(FE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
29/07/2014 |
||
|
Procurator |
29/07/2014 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Galassi |
Katiuscia |
|
|
Born in Cesena |
(FO) |
on 16/02/1978 |
- Fiscal Code : GLSKSC78B56C573G |
|
|
Residence: |
L. Ariosto |
, 35 |
- 47043 |
Gatteo |
(FO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
08/10/2014 |
|
|
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.
|
|
Zoffoli |
Alessandro |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Metalfer Ferrarese di Zoffoli Alessandroe C.S.a.s. |
Copparo (FE) - IT - |
00964130389 |
General Partner |
Withdrawn |
Registered |
|
Romagna Trasporti Srl - In Liquidazione |
Copparo (FE) - IT - |
01966090407 |
Director |
Withdrawn |
Registered |
|
Romagna Trasporti Srl - In Liquidazione |
Copparo (FE) - IT - |
01966090407 |
Liquidator |
Active |
Registered |
|
Romagna Trasporti Srl - In Liquidazione |
Copparo (FE) - IT - |
01966090407 |
Board Chairman |
Withdrawn |
Registered |
|
Immobiliare Ro.da. S.r.l. |
Copparo (FE) - IT - |
01465110383 |
Director |
Active |
Registered |
|
Immobiliare Ro.da. S.r.l. |
Copparo (FE) - IT - |
01465110383 |
Legal representative |
Active |
Registered |
|
Immobiliare Ro.da. S.r.l. |
Copparo (FE) - IT - |
01465110383 |
Board Chairman |
Active |
Registered |
|
Zoffoli Holding S.p.a. |
Copparo (FE) - IT - |
02317060404 |
Sole Director |
Active |
Registered |
|
Zoffoli Holding S.p.a. |
Copparo (FE) - IT - |
02317060404 |
Legal representative |
Withdrawn |
Registered |
|
Societa' Agricola Zoffoli S.s. |
Gambettola (FO) - IT - |
03502280401 |
Partner |
Active |
Registered |
|
|
Zoffoli Holding S.p.a. |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Romagna Trasporti Srl - In Liquidazione |
Copparo (FE) - IT - |
01966090407 |
Sole partner |
Active |
Registered |
|
Rizzati S.r.l. |
Ferrara (FE) - IT - |
01833280389 |
Sole 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 |
|
Zoffoli Holding S.p.a. |
Copparo - IT - |
02317060404 |
100,00 |
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 Veneto Emiliano Razionalizzazi one Ed Acquisto Energia Sigla
Consorzio |
Rovigo - IT - |
01142680295 |
Active |
Firm's location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
Stazione |
, 175 |
- 44034 |
- Copparo |
(FE) |
- IT - |
|
PHONE |
: 0532866799 |
|
FAX |
: 0532866044 |
|
Legal mail |
: ZOFFOLIMETALLISRL@PEC.IT |
|
- |
Branch |
(Store) |
since 03/02/1999 |
|
Buozzi |
, 47 |
- 47035 |
- Gambettola |
(FO) |
- IT - |
|
PHONE |
: 054759202 |
|
- |
Branch |
(Operating branch) |
since 01/01/2007 |
|
Viola |
, 140 |
- 47035 |
- Gambettola |
(FO) |
- IT - |
|
PHONE |
: 054756274 |
|
FAX |
: 0547659718 |
|
- |
Branch |
(Store) |
since 23/01/2012 |
|
Stazione |
, 137 |
- 44034 |
- Copparo |
(FE) |
- IT - |
|
- |
Branch |
(office) |
since 08/07/2014 |
|
Stazione |
, 157 |
- 44034 |
- Copparo |
(FE) |
- IT - |
|
Employees |
: 58 |
|
Fittings and Equipment for a value of 2.400.000 |
Eur |
|
Stocks for a value of 9.810.000 |
Eur |
Historical Information and/or Firm's Status
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of splitting-up and tranfer into |
|
|
|
|
Stazione |
, 175 |
, 44034 |
, Copparo |
(FE) |
- IT - |
|
|
Fiscal Code: 01465110383 |
|
|
Date |
Merging/splitting-up project: |
03/12/2007 |
|
|
Splitting-up and transfer of assets to |
|
|
|
|
Stazione |
, 175 |
, 44034 |
, Copparo |
(FE) |
- IT - |
|
|
Fiscal Code: 01465110383 |
|
|
Date |
Splitting-up: |
16/06/2008 |
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
Subject is active since 1998
The analysis is based on the latest 3 balance sheets.
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 6,48% in 2014
The operating result in 2014 was positive (2,55%) and in line with the
sector's average.
The amount of the operating result for the year 2014 is of Eur. 906.303
showing a downwards trend equal to -28,47% if compared to the value of the
financial year 2013.
A gross operating margine for a value of Eur. 1.482.887 was reached. on
the same levels as the previous financial year.
The ratio between debts and total assets is fairly high, as it comes out
from the indebtedness (4,46) which is also improving if compared to the
previous year.
The equity capital is equal to Eur. 5.806.755 , unchanged as opposed to
the preceding year.
Total debts recorded amounted to Eur. 29.092.850 (Eur. 2.463.461 of
which were m/l term debts) on the same levels as the year before.
The exposure towards banks is slightly high, the recourse to suppliers'
credit is limited below the sector's average.
The liquidity level is positive (1,14).
Accounts receivable average term is 60,44 days. , a better value than
the sector's average.
Eur. 952.691 is the value of cash flow during the year 2014
Labour cost expenses amount to Eur. 1.866.516 , representing 1,64% on
the total of production costs. , whereas the incidence of such costs on sales
revenues is equal to 1,63%.
Limited financial charges in relation to sales volume.
Financial Data
|
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
114.819.294 |
|
Profit (Loss) for the period |
376.107 |
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
127.115.623 |
|
Profit (Loss) for the period |
403.284 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
155.998.968 |
|
Profit (Loss) for the period |
931.823 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
158.983.337 |
|
Profit (Loss) for the period |
891.238 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
121.739.807 |
|
Profit (Loss) for the period |
858.825 |
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 |
0,13 |
0,15 |
0,09 |
0,32 |
|
Elasticity Ratio |
Units |
0,86 |
0,84 |
0,90 |
0,66 |
|
Availability of stock |
Units |
0,28 |
0,27 |
0,24 |
0,05 |
|
Total Liquidity Ratio |
Units |
0,58 |
0,56 |
0,66 |
0,56 |
|
Quick Ratio |
Units |
0,02 |
0,02 |
0,01 |
0,02 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
4,46 |
4,32 |
6,17 |
3,02 |
|
Self Financing Ratio |
Units |
0,16 |
0,16 |
0,13 |
0,20 |
|
Capital protection Ratio |
Units |
0,25 |
0,20 |
0,08 |
0,60 |
|
Liabilities consolidation quotient |
Units |
0,11 |
0,16 |
0,03 |
0,19 |
|
Financing |
Units |
5,01 |
5,08 |
6,39 |
3,78 |
|
Permanent Indebtedness Ratio |
Units |
0,25 |
0,28 |
0,16 |
0,36 |
|
M/L term Debts Ratio |
Units |
0,08 |
0,12 |
0,03 |
0,13 |
|
Net Financial Indebtedness Ratio |
Units |
3,54 |
3,43 |
4,63 |
1,23 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,90 |
1,85 |
1,73 |
1,08 |
|
Current ratio |
Units |
1,14 |
1,16 |
1,08 |
1,08 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,77 |
0,78 |
0,79 |
0,91 |
|
Structure's primary quotient |
Units |
1,25 |
1,08 |
1,43 |
0,61 |
|
Treasury's primary quotient |
Units |
0,03 |
0,03 |
0,01 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
611,37 |
617,32 |
750,11 |
501,43 |
|
Current Capital ( net ) |
Value |
3.770.097 |
3.950.725 |
2.659.193 |
124.364 |
|
RETURN |
|||||
|
Return on Sales |
% |
0,83 |
0,73 |
1,01 |
4,83 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
6,48 |
7,29 |
17,33 |
5,29 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
11,92 |
13,26 |
27,59 |
16,75 |
|
Return on Investment ( R.O.I. ) |
% |
2,55 |
3,71 |
5,03 |
4,40 |
|
Return/ Sales |
% |
0,79 |
1,00 |
1,30 |
3,91 |
|
Extra Management revenues/charges incid. |
% |
41,50 |
31,83 |
45,94 |
29,83 |
|
Cash Flow |
Value |
952.691 |
927.974 |
1.571.689 |
324.954 |
|
Operating Profit |
Value |
906.303 |
1.267.115 |
2.028.474 |
238.307 |
|
Gross Operating Margin |
Value |
1.482.887 |
1.791.805 |
2.668.340 |
536.619 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
60,44 |
48,65 |
54,10 |
124,35 |
|
Debts to suppliers average term |
Days |
22,24 |
22,50 |
19,09 |
125,23 |
|
Average stock waiting period |
Days |
30,77 |
26,45 |
22,48 |
13,40 |
|
Rate of capital employed return ( Turnover ) |
Units |
3,23 |
3,72 |
3,87 |
1,17 |
|
Rate of stock return |
Units |
11,70 |
13,61 |
16,01 |
26,56 |
|
Labour cost incidence |
% |
1,63 |
1,13 |
1,03 |
16,40 |
|
Net financial revenues/ charges incidence |
% |
-0,30 |
-0,45 |
-0,35 |
-1,32 |
|
Labour cost on purchasing expenses |
% |
1,64 |
1,14 |
1,04 |
16,83 |
|
Short-term financing charges |
% |
1,19 |
2,07 |
1,72 |
2,89 |
|
Capital on hand |
% |
30,92 |
26,86 |
25,86 |
84,95 |
|
Sales pro employee |
Value |
1.979.643 |
4.539.843 |
4.727.241 |
207.518 |
|
Labour cost pro employee |
Value |
32.181 |
51.477 |
48.599 |
33.676 |
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 403 significant companies.
The companies cash their credits on an average of 124 dd.
The average duration of suppliers debts is about 125 dd.
The sector's profitability is on an average of 4,83%.
The labour cost affects the turnover in the measure of 16,40%.
Goods are held in stock in a range of 13 dd.
The difference between the sales volume and the resources used to
realize it is about 1,17.
The employees costs represent the 16,83% 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 18.860 protested subjects are found; in the province they
count to 1.683.
The insolvency index for the region is 0,46, , while for the province it
is 0,48.
Total Bankrupt companies in the province : 1.504.
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 |
|
Euro |
1 |
Rs.70.70 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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 |
-- |
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.