MIRA INFORM REPORT
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Report No. : |
344088 |
|
Report Date : |
05.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
MACCHINE CARU' S.R.L. |
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Registered Office : |
Via Magenta, 43 21052 - Busto Arsizio (VA) |
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Country : |
Italy |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
20.10.2005 |
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Legal Form : |
Limited liability company |
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Line of Business : |
Manufacture of textile machinery,
machinery and systems for auxiliary treatment of textiles, sewing and weaving
machines (including spare parts and accessories) |
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No. of Employees : |
From 6 to 10 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Italy |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
ITALY - ECONOMIC OVERVIEW
Italy has a diversified
industrial 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 133% of GDP in 2013, 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 widespread tax evasion. In 2013 economic
growth and labor market conditions deteriorated, with growth at -1.8% and
unemployment rising to 12.4%, with youth unemployment around 40%. Italy's GDP
is now 8% below its 2007 pre-crisis level
|
Source
: CIA |
Company
name and address
MACCHINE CARU'
S.R.L.
Via Magenta, 43
21052 - Busto Arsizio (VA) -IT-
Summary
|
Fiscal Code |
: |
02897530123 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
20/10/2005 |
|
Equity |
: |
50.000 |
|
Turnover Range |
: |
500.000/750.000 |
|
Number of Employees |
: |
fom 6 to 10 |
Activity
Manufacture of textile machinery, machinery
and systems for auxiliary treatment of textiles, sewing and weaving machines
(including spare parts and accessories)
Legal
Data
Legal Form : Limited liability company
|
Fiscal Code : 02897530123 |
|
Chamber of Commerce no. : 300424 of Varese
since 20/10/2005 |
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V.A.T. Code : 02897530123 |
|
Establishment date |
: 28/09/2005 |
|
|
Start of Activities |
: 20/10/2005 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 40.000 |
|
|
Subscribed Capital |
: 40.000 |
|
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Paid up Capital |
: 40.000 |
Members
|
|
Caru' |
Andrea |
%2005-Oct-2015_files/image005.gif){kind=small}
|
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Born in Gallarate |
(VA) |
on 11/06/1960 |
- Fiscal Code : CRANDR60H11D869M |
|
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Residence: |
Assisi |
, 22 |
- 21013 |
Gallarate |
(VA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
28/09/2005 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
Companies
connected to members *
*checkings have been performed on a national
scale.
In this module the companies in which
members hold/held positions are listed.
The Members of the subject firm are not
reported to be Members in other companies.
Capital
Shareholders
Shareholders' list as at date of data
collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Caru' Andrea |
Gallarate - IT - |
CRANDR60H11D869M |
36.000 .Eur |
90,00 |
|
Viviani Cinzia |
VVNCNZ61C45B300P |
4.000 .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 |
|
Magenta |
, 43 |
- 21052 |
- Busto Arsizio |
(VA) |
- IT - |
|
- |
Branch |
(Workshop) |
since 20/10/2005 |
|
Verona |
, 20 |
- 21010 |
- Cardano Al Campo |
(VA) |
- IT - |
|
Employees |
: 8 |
|
Stocks for a value of 120.000 |
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
The company is active since 2005
An eco-fin analysis has been made on the
base od the b/s fo the years 2011, 2012 and 2013.
During the last years the subject suffered net
losses and in 2013 r.o.e. is -17,66%. Downward sales in 2013 compared to the
previous year.
The operating result is negative.
The operating result is negative (Eur.
-74.072).
At the end of the latest financial year, a
negative gross operating margin of Eur. -56.420 was registered.
The ratio between shareholder's equity and
borrowed capital is not well balanced, the indebtedness level is equal to 4,28
which is also improving if compared to the previous year.
The equity capital is equal to Eur. 43.019
on stable levels.
During the last financial year debts
totalled Eur. 199.468 (Eur. 15.165 of which were m/l term debts) whereas in the
year before they amounted to Eur. 252.333, with a -20,95% drop.
Liquidity is good.
The financial management generated a cash
flow of Eur. 10.056.
Labour cost expenses amount to Eur. 188.883
, representing 27,45% on the total of production costs. , whereas the incidence
on sales revenues is of 30,77%.
If compared to the sales volume (-0,91%),
the impact of the financial charges is limited.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
613.820 |
|
Profit (Loss) for the period |
-7.596 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
737.056 |
|
Profit (Loss) for the period |
-2.344 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
409.750 |
|
Profit (Loss) for the period |
-9.254 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
650.231 |
|
Profit (Loss) for the period |
5.538 |
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 31/12/2013 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet as
at 31/12/2012 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet
as at 31/12/2011 - 12 Mesi - Currency: - Amounts x 1 |
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RATIOS |
Value
Type |
as at 31/12/2013 |
as at 31/12/2012 |
as at 31/12/2011 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|||||
|
Rigidity Ratio |
Units |
0,10 |
0,11 |
0,10 |
0,18 |
|
Elasticity Ratio |
Units |
0,90 |
0,89 |
0,90 |
0,80 |
|
Availability of stock |
Units |
0,47 |
0,26 |
0,36 |
0,24 |
|
Total Liquidity Ratio |
Units |
0,43 |
0,63 |
0,54 |
0,48 |
|
Quick Ratio |
Units |
0,00 |
0,44 |
0,19 |
0,03 |
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COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
4,28 |
1,46 |
4,55 |
3,25 |
|
Self Financing Ratio |
Units |
0,16 |
0,14 |
0,11 |
0,19 |
|
Capital protection Ratio |
Units |
0,25 |
0,22 |
0,26 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,19 |
0,20 |
0,23 |
0,19 |
|
Financing |
Units |
4,64 |
5,23 |
7,28 |
3,80 |
|
Permanent Indebtedness Ratio |
Units |
0,30 |
0,27 |
0,26 |
0,36 |
|
M/L term Debts Ratio |
Units |
0,13 |
0,13 |
0,16 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
0,63 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
3,03 |
2,49 |
2,77 |
1,75 |
|
Current ratio |
Units |
1,28 |
1,37 |
1,33 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,62 |
0,97 |
0,80 |
0,81 |
|
Structure's primary quotient |
Units |
1,67 |
1,32 |
1,12 |
1,03 |
|
Treasury's primary quotient |
Units |
0,00 |
0,68 |
0,28 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
609,67 |
704,86 |
936,82 |
516,42 |
|
Current Capital ( net ) |
Value |
51.389 |
81.563 |
87.417 |
422.465 |
|
RETURN |
|||||
|
Return on Sales |
% |
1,64 |
2,15 |
4,33 |
3,35 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-17,66 |
-4,86 |
-22,37 |
5,13 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-0,58 |
8,11 |
-12,29 |
14,77 |
|
Return on Investment ( R.O.I. ) |
% |
-28,24 |
3,24 |
0,94 |
4,16 |
|
Return/ Sales |
% |
-12,07 |
1,50 |
0,89 |
4,11 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
-21,27 |
-252,98 |
28,57 |
|
Cash Flow |
Value |
10.056 |
15.815 |
17.749 |
122.482 |
|
Operating Profit |
Value |
-74.072 |
11.022 |
3.658 |
144.752 |
|
Gross Operating Margin |
Value |
-56.420 |
29.181 |
30.661 |
241.990 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
n.c. |
n.c. |
n.c. |
111,85 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
n.c. |
128,30 |
|
Average stock waiting period |
Days |
71,75 |
42,94 |
123,43 |
80,43 |
|
Rate of capital employed return ( Turnover
) |
Units |
2,34 |
2,17 |
1,06 |
1,08 |
|
Rate of stock return |
Units |
5,02 |
8,38 |
2,92 |
4,45 |
|
Labour cost incidence |
% |
30,77 |
16,22 |
21,85 |
19,12 |
|
Net financial revenues/ charges incidence |
% |
-0,91 |
-1,03 |
-2,12 |
-1,08 |
|
Labour cost on purchasing expenses |
% |
27,45 |
16,46 |
21,77 |
19,02 |
|
Short-term financing charges |
% |
3,06 |
3,11 |
2,91 |
2,68 |
|
Capital on hand |
% |
42,73 |
46,16 |
94,56 |
91,91 |
|
Sales pro employee |
Value |
122.764 |
245.685 |
204.875 |
198.432 |
|
Labour cost pro employee |
Value |
37.776 |
39.852 |
44.763 |
35.779 |
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 |
: |
843.250 |
|
Population living in the region |
: |
9.393.092 |
|
Number of families in the region |
: |
3.858.736 |
Monthly family expences average in the
region (in Eur.):
|
- per food products |
: |
460 |
|
- per non food products |
: |
2.090 |
|
- per energy consume |
: |
114 |
Sector
Data
The values are calculated on a base of 1.206
significant companies.
The companies cash their credits on an
average of 112 dd.
The average duration of suppliers debts is
about 128 dd.
The sector's profitability is on an average
of 3,35%.
The labour cost affects the turnover in the
measure of 19,12%.
Goods are held in stock in a range of 80 dd.
The difference between the sales volume and
the resources used to realize it is about 1,08.
The employees costs represent the 19,02% 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 50.886 protested subjects are
found; in the province they count to 4.597.
The insolvency index for the region is 0,55,
, while for the province it is 0,55.
Total Bankrupt companies in the province :
3.052.
Total Bankrupt companies in the region :
39.612.
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
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.