MIRA INFORM REPORT
|
Report No. : |
342926 |
|
Report Date : |
02.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
DISPOSITIVI PROTEZIONE INDIVIDUALE D.P.I.
S.R.L. |
|
|
|
|
Registered Office : |
Via Di Cervara, 42, 00155 – Roma (RM) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
03.11.1992 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of Various Non-Food Consumer Goods. |
|
|
|
|
No. of Employees : |
From 26 to 35 |
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 & address
DISPOSITIVI PROTEZIONE INDIVIDUALE D.P.I. S.R.L.
Via Di Cervara, 42
00155 – Roma (RM) -IT-
Summary
|
Fiscal Code |
: |
10783780157 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
03/11/1992 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
5.000.000/6.500.000 |
|
Number of Employees |
: |
from 26 to 35 |
Activity
Wholesale of Various Non-Food Consumer Goods.
Legal
Data
Legal Form : Limited liability company
|
Fiscal Code : 10783780157 |
|
Foreign Trade Reg. no. : 23775 of Roma since 07/03/1994 |
|
Foreign Trade Reg. no. : 023775 of Roma since 07/03/1994 |
|
Chamber of Commerce no. : 771789 of Roma since 05/05/1993 |
|
Firms' Register : RM091-1993-3659 of Roma since 19/02/1996 |
|
V.A.T. Code : 04476541000 |
|
Foundation date |
: 03/11/1992 |
|
|
Establishment date |
: 03/11/1992 |
|
|
Start of Activities |
: 03/11/1992 |
|
|
Legal duration |
: 30/09/2050 |
|
|
Nominal Capital |
: 309.600 |
|
|
Subscribed Capital |
: 309.600 |
|
|
Paid up Capital |
: 309.600 |
|
Legal mail : |
DPISRL@PEC.IT |
Members
|
|
Moscatelli |
Romano |
|
|
Born in Roma |
(RM) |
on 01/12/1954 |
- Fiscal Code : MSCRMN54T01H501K |
|
|
Residence: |
Trieste |
, 88 |
- 00198 |
Roma |
(RM) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
04/06/2014 |
||
|
Assistant board Chairman |
04/06/2014 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Klein |
Wolfgang |
|
|
Born in Stoccarda |
( ) |
on 28/06/1960 |
- Fiscal Code : KLNWFG60H28Z112C |
|
|
Residence: |
Di Torre Spaccata |
, 140 |
- 00169 |
Roma |
(RM) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Assistant board Chairman |
04/06/2014 |
||
|
Director |
04/06/2014 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Ciangola |
Vincenzo |
|
|
Born in Olevano Romano |
(RM) |
on 06/03/1948 |
- Fiscal Code : CNGVCN48C06G022T |
|
|
Residence: |
Mazzini |
, 18 |
- 00015 |
Monterotondo |
(RM) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
04/06/2014 |
|
|
De Blasiis |
Vittorio |
|
|
Born in Taranto |
(TA) |
on 01/07/1959 |
- Fiscal Code : DBLVTR59L01L049X |
|
|
Residence: |
Giuseppe Aurelio Costanzo |
, 7 |
- 00152 |
Roma |
(RM) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
04/06/2014 |
||
|
Board Chairman |
04/06/2014 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Bocca |
Ermanno |
|
|
Born in Biella |
(VC) |
on 20/09/1946 |
- Fiscal Code : BCCRNN46P20A859T |
|
|
Residence: |
Lombardia |
, 239 |
- 10149 |
Torino |
(TO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
04/06/2014 |
|
|
ERWIN KLEIN GNBH |
|
|
Born |
on 46/00/1920 |
- Fiscal Code : 97202120586 |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
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.
|
|
Moscatelli |
Romano |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Sekur S.p.a. |
Milano (MI) - IT - |
06717560152 |
Procurator |
Withdrawn |
Ceased |
|
|
De Blasiis |
Vittorio |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Il Mucchio Di De Blasiis Maria Teresa- Societa' Agricola Semplice |
Roma (RM) - IT - |
12318341000 |
Partner |
Active |
Registered |
|
D.p.i. Services Societa' A Responsabilita' Limitata |
Roma (RM) - IT - |
12727321007 |
Sole Director |
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 |
|
SECURIZZO S.R.L. |
Torino - IT - |
05291900016 |
41.280 .Eur |
13,33 |
|
Moscatelli Romano |
Roma - IT - |
MSCRMN54T01H501K |
43.860 .Eur |
14,16 |
|
Ciangola Vincenzo |
Monterotondo - IT - |
CNGVCN48C06G022T |
43.860 .Eur |
14,16 |
|
De Blasiis Vittorio |
Roma - IT - |
DBLVTR59L01L049X |
43.860 .Eur |
14,16 |
|
Bocca Ermanno |
Torino - IT - |
BCCRNN46P20A859T |
43.860 .Eur |
14,16 |
|
ERWIN KLEIN GNBH |
97202120586 |
92.880 .Eur |
30,00 |
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 |
|
D.p.i. Services Societa' A Responsabilit a' Limitata |
Roma - IT - |
12727321007 |
25.000 .Eur |
100,00 |
Active |
Firm's
location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
Di Cervara |
, 42 |
- 00100 |
- Roma |
(RM) |
- IT - |
|
PHONE |
: 06270051 |
|
PHONE |
: 062270051 |
|
FAX |
: 062290351 |
|
Legal mail |
: DPISRL@PEC.IT |
|
Employees |
: 34 |
|
Fittings and Equipment for a value of 430.000 |
Eur |
|
Stocks for a value of 1.510.000 |
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
Subject is active since 1992
Balance sheets for the years 2012, 2013 and 2014 were analyzed.
Under the financial profile unstable results are noted. anyway in 2014 a
positive result was achieved (r.o.e. 5,86%). Upward trend as to the turnover in
the last financial year (+10,79%).
The operating result in 2014 was positive (4,61%) and reflects the
field's average.
The amount of the operating result for the year 2014 is of Eur. 373.148 with
a more then 100% growth.
During the latest financial year the gross operating margin amounted to
Eur. 694.744 showing an upward trend if compared to 2013.
Indebtedness is scanty since debts are lower than liquidity.
It's shareholders funds amount to Eur. 6.075.153 , unchanged as opposed
to the preceding year.
Total debts recorded amounted to Eur. 1.370.662 (Eur. 25.000 of which
were m/l term debts) showing a stable trend as opposed to 2013 (Eur.
1.196.489).
The company does not exceed in bank borrowings; the recourse to
suppliers' credit is also limited which is also lower than the sector average.
Payments are supported by good current assets.
Trade credits average terms are slow, on average 94,85 days. within the
average values of the sector.
2014 financial year closed with a cash flow of Eur. 635.063
During 2014 financial year labour costs amounted to Eur. 1.393.877, with
a 25,08% incidence on production costs. and a 23,42% incidence on sales
volumes.
The financial charges do not negatively affect the management, as they
are covered by the incomes.
Financial Data
|
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.952.524 |
|
Profit (Loss) for the period |
355.976 |
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.372.423 |
|
Profit (Loss) for the period |
-186.971 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.550.943 |
|
Profit (Loss) for the period |
75.828 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
0,30 |
0,30 |
0,30 |
0,09 |
|
Elasticity Ratio |
Units |
0,70 |
0,69 |
0,70 |
0,89 |
|
Availability of stock |
Units |
0,19 |
0,23 |
0,20 |
0,26 |
|
Total Liquidity Ratio |
Units |
0,51 |
0,47 |
0,50 |
0,54 |
|
Quick Ratio |
Units |
0,31 |
0,25 |
0,30 |
0,03 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
n.c. |
n.c. |
n.c. |
3,95 |
|
Self Financing Ratio |
Units |
0,75 |
0,77 |
0,78 |
0,17 |
|
Capital protection Ratio |
Units |
0,94 |
0,98 |
0,94 |
0,62 |
|
Liabilities consolidation quotient |
Units |
0,47 |
0,45 |
0,45 |
0,10 |
|
Financing |
Units |
0,23 |
0,20 |
0,18 |
4,85 |
|
Permanent Indebtedness Ratio |
Units |
0,83 |
0,84 |
0,84 |
0,29 |
|
M/L term Debts Ratio |
Units |
0,08 |
0,07 |
0,06 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
n.c. |
n.c. |
1,04 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
2,77 |
2,77 |
2,82 |
2,37 |
|
Current ratio |
Units |
4,19 |
4,54 |
4,88 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
3,07 |
3,06 |
3,48 |
0,80 |
|
Structure's primary quotient |
Units |
2,51 |
2,54 |
2,60 |
1,48 |
|
Treasury's primary quotient |
Units |
1,85 |
1,62 |
2,10 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
133,09 |
130,09 |
128,70 |
602,26 |
|
Current Capital ( net ) |
Value |
4.296.999 |
4.237.217 |
4.482.840 |
191.984 |
|
RETURN |
|||||
|
Return on Sales |
% |
10,67 |
2,38 |
6,62 |
2,03 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
5,86 |
-3,11 |
1,21 |
6,31 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
6,98 |
-2,54 |
3,00 |
17,00 |
|
Return on Investment ( R.O.I. ) |
% |
4,61 |
-3,60 |
0,41 |
4,18 |
|
Return/ Sales |
% |
6,27 |
-5,25 |
0,59 |
3,46 |
|
Extra Management revenues/charges incid. |
% |
95,40 |
n.c. |
231,18 |
27,96 |
|
Cash Flow |
Value |
635.063 |
128.012 |
367.596 |
44.823 |
|
Operating Profit |
Value |
373.148 |
-281.801 |
32.801 |
74.603 |
|
Gross Operating Margin |
Value |
694.744 |
35.247 |
326.535 |
111.383 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
94,85 |
n.c. |
n.c. |
113,70 |
|
Debts to suppliers average term |
Days |
87,03 |
n.c. |
n.c. |
118,14 |
|
Average stock waiting period |
Days |
91,15 |
118,94 |
104,57 |
72,90 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,74 |
0,69 |
0,69 |
1,25 |
|
Rate of stock return |
Units |
3,95 |
3,03 |
3,44 |
4,88 |
|
Labour cost incidence |
% |
23,42 |
25,10 |
22,08 |
8,14 |
|
Net financial revenues/ charges incidence |
% |
0,77 |
0,88 |
1,22 |
-1,38 |
|
Labour cost on purchasing expenses |
% |
25,08 |
23,53 |
21,58 |
8,25 |
|
Short-term financing charges |
% |
0,20 |
1,69 |
2,23 |
2,76 |
|
Capital on hand |
% |
135,83 |
145,59 |
145,02 |
79,85 |
|
Sales pro employee |
Value |
138.430 |
127.914 |
146.077 |
397.742 |
|
Labour cost pro employee |
Value |
32.415 |
32.101 |
32.251 |
33.267 |
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 9.175 significant companies.
The companies cash their credits on an average of 114 dd.
The average duration of suppliers debts is about 118 dd.
The sector's profitability is on an average of 2,03%.
The labour cost affects the turnover in the measure of 8,14%.
Goods are held in stock in a range of 73 dd.
The difference between the sales volume and the resources used to
realize it is about 1,25.
The employees costs represent the 8,25% of the production costs.
Statistical
Detrimental Data
Statistically the trade activity shows periods of crisis.
The area is statistically considered moderately risky.
In the region 53.924 protested subjects are found; in the province they
count to 34.465.
The insolvency index for the region is 1,04, , while for the province it
is 0,92.
Total Bankrupt companies in the province : 31.914.
Total Bankrupt companies in the region : 37.442.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.55 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.