MIRA
INFORM REPORT
|
Report No. : |
346059 |
|
Report Date : |
21.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
GUANTIFICIO SENESE S.R.L. |
|
|
|
|
Registered Office : |
Via Sandro Pertini, 47 MONTARIOSO 53035 -
Monteriggioni (SI) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
18.04.1978 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of workwear |
|
|
|
|
No. of Employee : |
From 16 To 25 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
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
|
GUANTIFICIO SENESE S.R.L. |
|
Via Sandro Pertini, 47 MONTARIOSO 53035 -
Monteriggioni (SI) -IT- |
Summary
|
Fiscal Code |
: |
00255630527 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
18/04/1978 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
10.000.000/12.750.000 |
|
Number of Employees |
: |
from 16 to 25 |
Activity
Manufacture of workwear
Legal Data
Legal Form : Limited liability company
|
Register of Handcraft firms : 19974 |
|
Register of Handcraft firms : 19974 of
Siena since 18/03/1981 |
|
Fiscal Code : 00255630527 |
|
Foreign Trade Reg. no. : SI008086 since
19/02/1997 |
|
Chamber of Commerce no. : 100041 of Arezzo |
|
Chamber of Commerce no. : 68216 of Siena
since 03/05/1978 |
|
V.A.T. Code : 00255630527 |
|
Start of Activities |
: 18/04/1978 |
|
|
Legal duration |
: 31/12/2015 |
|
|
Nominal Capital |
: 52.000 |
|
|
Subscribed Capital |
: 52.000 |
|
|
Paid up Capital |
: 52.000 |
|
|
Legal mail : |
Members
|
|
Vanneschi |
Massimo |
|
|
|
Born in Castelnuovo Berardenga |
(SI) |
on 25/11/1960 |
- Fiscal Code : VNNMSM60S25C227R |
|
|
|
Residence: |
|
Raffaello Sanzio |
, 7 |
- 52021 |
Bucine |
(AR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
15/05/2015 |
|
|
|
Director |
15/05/2015 |
|
|
|
Managing Director |
15/05/2015 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Vanneschi |
Giacomo |
|
|
|
Born in Montevarchi |
(AR) |
on 03/12/1987 |
- Fiscal Code : VNNGCM87T03F656X |
|
|
|
Residence: |
|
Donatori Del Sangue |
- 58020 |
Scarlino |
(GR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
15/05/2015 |
|
|
|
Managing Director |
15/05/2015 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Vanneschi |
Benedetta |
|
|
|
Born in Montevarchi |
(AR) |
on 13/07/1992 |
- Fiscal Code : VNNBDT92L53F656T |
|
|
|
Residence: |
|
Raffaello Sanzio |
, 28 |
- 52020 |
Bucine |
(AR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
15/05/2015 |
|
|
|
Managing Director |
15/05/2015 |
|
|
|
|
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.
|
|
Vanneschi |
Massimo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Societa' Cooperativa Filarmonica DrammatIca |
Bucine (AR) - IT - |
81001690510 |
Director |
Withdrawn |
Registered |
|
Pagliaio Del Colle Sas Di Vanneschi Massimo
E C. |
Monteriggioni (SI) - IT - |
01047510522 |
General 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 |
|
Vanneschi Massimo |
Bucine - IT - |
VNNMSM60S25C227R |
49.400 .Eur |
95,00 |
|
Vanneschi Giacomo |
Scarlino - IT - |
VNNGCM87T03F656X |
2.600 .Eur |
5,00 |
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 |
|
|
|
|
|
|
|
Sandro Pertini |
, 47 |
- 53035 |
- Monteriggioni |
(SI) |
- IT - |
|
|
|
|
PHONE |
: 0559917001 |
|
|
|
|
Legal mail |
: GUANTIFICIOSENESE@BOXPEC.IT |
|
- |
Legal and operative seat |
|
until 18/04/2014 |
|
|
|
|
|
|
Giovanni Xxiii Fraz. Montarioso |
, s.n. |
- 53035 |
- Monteriggioni |
(SI) |
- IT - |
|
|
|
|
PHONE |
: 0559917000 |
|
|
|
|
PHONE |
: 0559917001 |
|
|
|
|
FAX |
: 0559917000 |
|
- |
Branch |
(Workshop) |
since 20/07/1991 |
|
|
|
|
|
|
Raffaello Sanzio |
, 5/A |
- 52021 |
- Bucine |
(AR) |
- IT - |
|
|
|
|
PHONE |
: 0559917001 |
|
- |
Branch |
|
since 01/09/2008 |
|
|
|
|
|
|
F. Magellano |
, 2 |
- 52021 |
- Bucine |
(AR) |
- IT - |
|
- |
Branch |
(Store) |
since 10/01/2014 |
|
|
|
|
|
|
Trieste |
, SNC |
- 52021 |
- Bucine |
(AR) |
- IT - |
|
|
|
|
Employees |
: 17 |
|
Fittings and Equipment for a value of
170.000 |
Eur |
|
Stocks for a value of 3.850.000 |
Eur |
Historical Information and/or Firm's Status
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
De facto company |
Limited partnership |
18/05/1989 |
|
Limited partnership |
Limited liability company |
20/11/1995 |
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.
Bankers
The firm operates with:
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
Monte dei Paschi di Siena |
|
|
|
|
|
|
Financial and Economical Analysis
The company is active since 1978
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 19,25% in 2014 with a
remarkable upward trend (+17,32% on 2014 compared to 2013 and +9,99% on 2013
compared to 2012).
The operating result in 2014 was positive
(10,26%) and in line with the sector's average.
An operating result of Eur. 1.324.982 has
been registered. showing an upward trend 36,16% compared to the previous
financial year.
The G.O.M. amounted to Eur. 1.489.650 stable
if compared to the financial year 2013.
The financial status of the company is fairly
balanced with an indebtedness level of 2,15 yet on the increase as against the
previous accounting period.
With regard to equity capital, an amount of
Eur. 3.762.155 is registered. , with an upward trend.
During the last financial year debts totalled
Eur. 8.124.553 (Eur. 1 of which were m/l term debts) on the same levels as the
year before.
Bank borrowings' volume is slightly high but
the recourse to suppliers' credit is modest which is also lower than the sector
average.
The liquidity level is positive (1,13).
Trade credits average terms are slow, on
average 167,01 days. also in relation to the average of the sector.
2014 financial year closed with a cash flow
of Eur. 888.987
Labour cost expenses amount to Eur. 533.236 ,
representing 5,59% on the total of production costs. , whereas 4,95% is the
incidence on sales revenues.
Finacial chareges are high: the incidence on
sales volume amounts to -1,89%
Financial Data
|
|
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
10.778.206 |
|
Profit (Loss) for the period |
724.319 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
9.186.962 |
|
Profit (Loss) for the period |
343.780 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
8.352.030 |
|
Profit (Loss) for the period |
245.233 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
8.205.894 |
|
Profit (Loss) for the period |
200.021 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
7.536.764 |
|
Profit (Loss) for the period |
169.250 |
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 |
0,29 |
0,26 |
0,27 |
0,14 |
|
Elasticity Ratio |
Units |
0,71 |
0,74 |
0,73 |
0,84 |
|
Availability of stock |
Units |
0,30 |
0,29 |
0,32 |
0,24 |
|
Total Liquidity Ratio |
Units |
0,41 |
0,44 |
0,41 |
0,53 |
|
Quick Ratio |
Units |
0,00 |
0,00 |
0,01 |
0,03 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
2,15 |
1,67 |
1,93 |
3,78 |
|
Self Financing Ratio |
Units |
0,29 |
0,27 |
0,26 |
0,17 |
|
Capital protection Ratio |
Units |
0,79 |
0,87 |
0,89 |
0,66 |
|
Liabilities consolidation quotient |
Units |
0,03 |
0,43 |
0,40 |
0,14 |
|
Financing |
Units |
2,16 |
2,34 |
2,67 |
4,55 |
|
Permanent Indebtedness Ratio |
Units |
0,31 |
0,47 |
0,46 |
0,33 |
|
M/L term Debts Ratio |
Units |
0,02 |
0,20 |
0,20 |
0,09 |
|
Net Financial Indebtedness Ratio |
Units |
1,41 |
n.c. |
2,12 |
1,26 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,09 |
1,82 |
1,71 |
1,87 |
|
Current ratio |
Units |
1,13 |
1,59 |
1,45 |
1,17 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,65 |
0,96 |
0,81 |
0,79 |
|
Structure's primary quotient |
Units |
1,02 |
1,05 |
0,96 |
1,13 |
|
Treasury's primary quotient |
Units |
0,00 |
0,01 |
0,02 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
343,16 |
365,25 |
391,18 |
587,75 |
|
Current Capital ( net ) |
Value |
1.028.544 |
3.016.515 |
2.373.929 |
209.248 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
8,25 |
5,75 |
5,39 |
2,26 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
19,25 |
11,32 |
9,14 |
3,48 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
29,80 |
18,80 |
14,93 |
12,19 |
|
Return on Investment ( R.O.I. ) |
% |
10,26 |
8,77 |
6,03 |
3,83 |
|
Return/ Sales |
% |
12,29 |
10,59 |
7,58 |
3,45 |
|
Extra Management revenues/charges incid. |
% |
54,67 |
35,33 |
38,76 |
20,46 |
|
Cash Flow |
Value |
888.987 |
527.947 |
450.354 |
50.400 |
|
Operating Profit |
Value |
1.324.982 |
973.082 |
632.704 |
68.610 |
|
Gross Operating Margin |
Value |
1.489.650 |
1.341.449 |
837.825 |
124.742 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
167,01 |
n.c. |
176,81 |
120,68 |
|
Debts to suppliers average term |
Days |
79,29 |
n.c. |
56,57 |
115,81 |
|
Average stock waiting period |
Days |
128,59 |
126,93 |
144,95 |
78,40 |
|
Rate of capital employed return ( Turnover
) |
Units |
0,83 |
0,83 |
0,80 |
1,14 |
|
Rate of stock return |
Units |
2,80 |
2,84 |
2,48 |
4,57 |
|
Labour cost incidence |
% |
4,95 |
5,18 |
6,06 |
12,27 |
|
Net financial revenues/ charges incidence |
% |
-1,89 |
-2,64 |
-3,13 |
-1,84 |
|
Labour cost on purchasing expenses |
% |
5,59 |
5,64 |
6,42 |
12,16 |
|
Short-term financing charges |
% |
2,57 |
3,51 |
3,77 |
3,35 |
|
Capital on hand |
% |
119,78 |
120,78 |
125,60 |
87,41 |
|
Sales pro employee |
Value |
673.637 |
656.211 |
556.802 |
245.343 |
|
Labour cost pro employee |
Value |
33.327 |
33.988 |
33.760 |
32.046 |
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 864
significant companies.
The companies cash their credits on an
average of 121 dd.
The average duration of suppliers debts is
about 116 dd.
The sector's profitability is on an average
of 2,26%.
The labour cost affects the turnover in the
measure of 12,27%.
Goods are held in stock in a range of 78 dd.
The difference between the sales volume and
the resources used to realize it is about 1,14.
The employees costs represent the 12,16% of
the production costs.
Statistical
Detrimental Data
Statistically the trade activity passes
through serious crises.
The area is statistically considered lowly
risky.
In the region 24.960 protested subjects are found;
in the province they count to 1.447.
The insolvency index for the region is 0,70,
, while for the province it is 0,56.
Total Bankrupt companies in the province :
850.
Total Bankrupt companies in the region :
20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.89 |
|
|
1 |
Rs.100.39 |
|
Euro |
1 |
Rs.73.52 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
ANK |
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.