MIRA INFORM REPORT
|
Report No. : |
343341 |
|
Report Date : |
01.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
NEW TECH S.R.L. |
|
|
|
|
Registered Office : |
Via Biglieri, 3 28100 – Novara (NO) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
16.04.2003 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of Other Mechanic Products and
Other General-Purpose Machinery. |
|
|
|
|
No. of Employees : |
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 |
Company
Name and address
NEW TECH S.R.L.
Via Biglieri, 3
28100 - Novara (NO) -IT-
Summary
|
Fiscal
Code |
: |
01907670036 |
|
Legal
Form |
: |
Limited
liability company |
|
start
of Activities |
: |
16/04/2003 |
|
Equity |
: |
750.000
|
|
Turnover
Range |
: |
5.000.000/6.500.000
|
|
Number
of Employees |
: |
from
11 to 15 |
Activity
Manufacture
of other mechanic products and other general-purpose machinery
Legal
Data
Legal
Form : Limited liability company
|
Fiscal
Code : 01907670036 |
|
Chamber
of Commerce no. : 299608 of Cuneo |
|
Chamber
of Commerce no. : 203975 of Novara since 20/05/2003 |
|
V.A.T.
Code : 01907670036 |
|
Establishment
date |
:
16/04/2003 |
|
Start
of Activities |
:
16/04/2003 |
|
Legal
duration |
:
31/12/2030 |
|
Nominal
Capital |
:
200.000 |
|
Subscribed
Capital |
:
200.000 |
|
Paid
up Capital |
:
200.000 |
|
Legal
mail : |
NEWTECH1@LEGALMAIL.IT |
Members
|
|
De
Colo' |
Stefano |
|
|
Born
in Novara |
(NO) |
on
12/10/1965 |
-
Fiscal Code : DCLSFN65R12F952X |
|
|
Residence: |
Cimabue |
,
4 |
-
28100 |
Novara |
(NO) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
13/06/2011 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Gloser
S.r.l. Marketing E Technology |
|
|
: |
Biglieri |
,
3 |
-
28100 |
Novara |
(NO) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Partner |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Melone |
Furio |
|
|
Born
in Novara |
(NO) |
on
26/11/1964 |
-
Fiscal Code : MLNFRU64S26F952K |
|
|
Residence: |
Lanca |
,
22/B |
-
28047 |
Oleggio |
(NO) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Board
Chairman |
19/02/2007 |
||
|
Director |
19/02/2007 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Motta |
Giovanni |
|
|
Born
in Rondissone |
(TO) |
on
30/10/1952 |
-
Fiscal Code : MTTGNN52R30H547C |
|
|
Residence: |
G.ungaretti |
,
18 |
-
10030 |
Rondissone |
(TO) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
01/12/2009 |
|
|
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.
|
|
De
Colo' |
Stefano |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Fincimec
S.p.a. |
Brissago-Valtravaglia
(VA) - IT - |
10182530153 |
Responsible
technician |
Active |
Registered |
|
Fincimec
Sud - S.r.l. |
Ferentino
(FR) - IT - |
00343760609 |
Director |
Withdrawn |
Registered |
|
Gloser
S.r.l. Marketing E Technology |
Novara
(NO) - IT - |
01705710034 |
Director |
Active |
Registered |
|
Offshore
S.r.l. |
Novara
(NO) - IT - |
01848560031 |
Director |
Active |
Registered |
|
|
Melone |
Furio |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Gloser
S.r.l. Marketing E Technology |
Novara
(NO) - IT - |
01705710034 |
Director |
Active |
Registered |
|
|
Motta |
Giovanni |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Gloser
S.r.l. Marketing E Technology |
Novara
(NO) - IT - |
01705710034 |
Director |
Active |
Registered |
|
Gloser
S.r.l. Marketing E Technology |
Novara
(NO) - IT - |
01705710034 |
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.
Capital
Shareholders
Shareholders'
list as at date of data collection:
|
Firm's
Style / Name |
Seat
/ Residence |
Fiscal
Code |
Owned
Shares |
%
Ownership |
|
Gloser
S.r.l. Marketing E Technology |
Novara
- IT - |
01705710034 |
180.000
.Eur |
90,00 |
|
Melone
Furio |
Oleggio
- IT - |
MLNFRU64S26F952K |
20.000
.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 |
|
Biglieri |
,
3 |
-
28100 |
-
Novara |
(NO) |
-
IT - |
|
Legal
mail |
:
NEWTECH1@LEGALMAIL.IT |
|
- |
Branch |
since
01/10/2010 |
|
Carovella |
,
10 |
-
28066 |
-
Galliate |
(NO) |
-
IT - |
|
- |
Branch |
(Warehouse) |
since
12/06/2014 |
|
Peschiera |
,
76/D |
-
12020 |
-
Rossana |
(CN) |
-
IT - |
|
Employees |
:
13 |
|
Fittings
and Equipment for a value of 12.000 |
Eur |
|
Stocks
for a value of 910.000 |
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
Company's
starting of activities dates back to 2003.
The
eonomic-financial analysis is based on the latest 3 b/s.
Unstable
economic results mark the company's financial state of affairs. with a profit
(r.o.e. 19,08%) in the last financial year Upward trend as to the turnover in
the last financial year (+53,32%).
The
return on Investment in the last financial year was positive (4,26%) and reflects
the field's average.
The
operating result is positive and amounts to Eur. 188.787 with a more then 100%
growth.
The
G.O.M. amounted to Eur. 226.872 with a more then 100% increase as opposed to
the preceding year.
The
financial position is not well balanced as the volume of debts is fairly
remarkable if compared to shareholder's equity, in fact total debts are 4,91
with an upward trend.
The
management generated equity capital for an amount of Eur. 667.382 , with an
upward trend.
During
the last financial year total debts volume reached Eur. 3.615.325 (Eur. 114.665
were m/l term ones) increasing if compared to the previous year, during which
they were equal to Eur. 2.480.362 (45,75%).
Financial
debts exposure is under control while the recourse to commercial credit is
rather frequent even if it still falls within the sector's average.
Liquidity
is good (1,22)
As
far as the collection of credit goes, the average is high (151,29 days). also
in relation to the average of the sector.
During
financial year 2014 the cash flow amounted to Eur. 165.451
Subordinate
employment cost is of Eur. 648.667, i.e. 12,7% on total production costs. ,
whereas 12,3% is the incidence on sales revenues.
The
financial charges are lower than the financial incomes.
Financial
Data
|
|
Complete
balance-sheet for the year |
al
31/12/2014 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
5.273.900 |
|
Profit
(Loss) for the period |
127.366 |
|
|
Complete
balance-sheet for the year |
al
31/12/2013 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
3.439.784 |
|
Profit
(Loss) for the period |
-89.989 |
|
|
Complete
balance-sheet for the year |
al
31/12/2012 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
6.406.049 |
|
Profit
(Loss) for the period |
109.161 |
|
|
Complete
balance-sheet for the year |
al
31/12/2011 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
6.886.893 |
|
Profit
(Loss) for the period |
130.068 |
|
|
Complete
balance-sheet for the year |
al
31/12/2010 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
6.623.400 |
|
Profit
(Loss) for the period |
77.357 |
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 |
0,02 |
0,02 |
0,01 |
0,18 |
|
Elasticity
Ratio |
Units |
0,96 |
0,96 |
0,98 |
0,79 |
|
Availability
of stock |
Units |
0,21 |
0,13 |
0,26 |
0,21 |
|
Total
Liquidity Ratio |
Units |
0,76 |
0,84 |
0,73 |
0,52 |
|
Quick
Ratio |
Units |
0,05 |
0,11 |
0,21 |
0,03 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net
Short-term indebtedness |
Units |
4,91 |
3,65 |
2,59 |
3,01 |
|
Self
Financing Ratio |
Units |
0,15 |
0,17 |
0,21 |
0,19 |
|
Capital
protection Ratio |
Units |
0,51 |
0,80 |
0,51 |
0,66 |
|
Liabilities
consolidation quotient |
Units |
0,07 |
0,12 |
0,05 |
0,16 |
|
Financing |
Units |
5,42 |
4,59 |
3,63 |
3,56 |
|
Permanent
Indebtedness Ratio |
Units |
0,21 |
0,26 |
0,24 |
0,34 |
|
M/L
term Debts Ratio |
Units |
0,06 |
0,09 |
0,04 |
0,10 |
|
Net
Financial Indebtedness Ratio |
Units |
0,20 |
n.c. |
n.c. |
0,69 |
|
CORRELATION |
|||||
|
Fixed
assets ratio |
Units |
13,83 |
10,64 |
20,35 |
1,65 |
|
Current
ratio |
Units |
1,22 |
1,31 |
1,31 |
1,18 |
|
Acid
Test Ratio-Liquidity Ratio |
Units |
0,96 |
1,14 |
0,97 |
0,86 |
|
Structure's
primary quotient |
Units |
10,00 |
7,00 |
17,23 |
1,02 |
|
Treasury's
primary quotient |
Units |
0,06 |
0,15 |
0,28 |
0,06 |
|
Rate
of indebtedness ( Leverage ) |
% |
664,21 |
586,06 |
484,46 |
509,92 |
|
Current
Capital ( net ) |
Value |
770.220 |
726.491 |
717.316 |
330.495 |
|
RETURN |
|||||
|
Return
on Sales |
% |
3,14 |
-1,62 |
2,02 |
3,79 |
|
Return
on Equity - Net- ( R.O.E. ) |
% |
19,08 |
-16,66 |
17,33 |
6,70 |
|
Return
on Equity - Gross - ( R.O.E. ) |
% |
28,79 |
-15,40 |
28,72 |
18,82 |
|
Return
on Investment ( R.O.I. ) |
% |
4,26 |
-7,36 |
4,49 |
4,89 |
|
Return/
Sales |
% |
3,58 |
-6,77 |
2,14 |
4,78 |
|
Extra
Management revenues/charges incid. |
% |
67,47 |
n.c. |
79,70 |
29,96 |
|
Cash
Flow |
Value |
165.451 |
-55.698 |
129.504 |
165.166 |
|
Operating
Profit |
Value |
188.787 |
-232.914 |
136.967 |
225.594 |
|
Gross
Operating Margin |
Value |
226.872 |
-198.623 |
157.310 |
376.080 |
|
MANAGEMENT |
|||||
|
Credits
to clients average term |
Days |
151,29 |
n.c. |
n.c. |
111,07 |
|
Debts
to suppliers average term |
Days |
143,78 |
n.c. |
n.c. |
127,44 |
|
Average
stock waiting period |
Days |
62,30 |
42,78 |
43,75 |
62,88 |
|
Rate
of capital employed return ( Turnover ) |
Units |
1,19 |
1,09 |
2,10 |
1,10 |
|
Rate
of stock return |
Units |
5,78 |
8,42 |
8,23 |
5,58 |
|
Labour
cost incidence |
% |
12,30 |
15,41 |
10,77 |
18,94 |
|
Net
financial revenues/ charges incidence |
% |
0,08 |
0,15 |
0,29 |
-1,15 |
|
Labour
cost on purchasing expenses |
% |
12,70 |
14,31 |
11,39 |
18,99 |
|
Short-term
financing charges |
% |
0,35 |
0,10 |
0,23 |
2,55 |
|
Capital
on hand |
% |
84,05 |
92,01 |
47,64 |
90,89 |
|
Sales
pro employee |
Value |
263.695 |
214.986 |
305.049 |
199.007 |
|
Labour
cost pro employee |
Value |
32.433 |
33.121 |
32.845 |
34.820 |
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 1.964 significant companies.
The
companies cash their credits on an average of 111 dd.
The
average duration of suppliers debts is about 127 dd.
The
sector's profitability is on an average of 3,79%.
The
labour cost affects the turnover in the measure of 18,94%.
Goods
are held in stock in a range of 63 dd.
The
difference between the sales volume and the resources used to realize it is
about 1,10.
The
employees costs represent the 18,99% of the production costs.
Statistical
Detrimental Data
Statistcally
the trade activity shows periods of crisis.
The
area is statistically considered moderately risky.
In
the region 27.019 protested subjects are found; in the province they count to
2.505.
The
insolvency index for the region is 0,63, , while for the province it is 0,71.
Total
Bankrupt companies in the province : 1.102.
Total
Bankrupt companies in the region : 14.165.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.74 |
|
|
1 |
Rs.99.53 |
|
Euro |
1 |
Rs.73.80 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
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 |
-- |
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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.